<SEC-DOCUMENT>0000894671-19-000023.txt : 20190513
<SEC-HEADER>0000894671-19-000023.hdr.sgml : 20190513
<ACCEPTANCE-DATETIME>20190513141610
ACCESSION NUMBER:		0000894671-19-000023
CONFORMED SUBMISSION TYPE:	NT 10-Q
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190331
FILED AS OF DATE:		20190513
DATE AS OF CHANGE:		20190513
EFFECTIVENESS DATE:		20190513

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OHIO VALLEY BANC CORP
		CENTRAL INDEX KEY:			0000894671
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				311359191
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20914
		FILM NUMBER:		19817901

	BUSINESS ADDRESS:	
		STREET 1:		420 THIRD AVE
		CITY:			GALLIPOLIS
		STATE:			OH
		ZIP:			45631
		BUSINESS PHONE:		7404462631

	MAIL ADDRESS:	
		STREET 1:		420 THIRD AVENUE
		STREET 2:		PO BOX 240
		CITY:			GALLIPOLIS
		STATE:			OH
		ZIP:			45631
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-Q
<SEQUENCE>1
<FILENAME>secnt10q_033119.htm
<DESCRIPTION>FORM 12B-25 NOTIFICATION OF LATE FILING
<TEXT>
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">UNITED STATES<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
      </font>SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Washington, D.C. 20549</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 18pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">FORM 12b-25</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTIFICATION OF LATE FILING</font></div>
    <div><br>
    </div>
    <div style="text-align: right; margin-left: 27pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><br>
        <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><u></u></font></font></div>
    <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><u> </u></font></font></div>
    <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"> </font>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="z7c6b32c72f844381bd32e110d40c58dc">

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              <div>&#160;</div>
            </td>
            <td style="width: 30%;">
              <div>&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">SEC FILE NUMBER: <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><u>000-20914</u></font></font></div>
            </td>
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            <td style="width: 70%;">
              <div>&#160;</div>
            </td>
            <td style="width: 30%;">
              <div>&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">CUSIP NUMBER:&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><u>677719106</u></font></font></div>
            </td>
          </tr>

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    </div>
    <div style="text-align: right; margin-left: 9pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><br>
        <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><u></u></font></font></div>
    <div style="background-color: rgb(255, 255, 255);">
      <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><u> <br>
            </u></font></font></div>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Check one):&#160; &#160; [&#160;&#160; ]&#160; Form 10-K&#160; &#160; &#160; &#160; [&#160;&#160; ]&#160; Form 20-F&#160; &#160; &#160; &#160; [&#160;&#160; ]&#160; Form 11-K&#160; &#160; &#160; &#160; [ X ]&#160; Form 10-Q&#160; &#160; &#160; &#160; [&#160;&#160; ]&#160; Form 10-D&#160;&#160; [&#160;&#160; ] Form
        N-SAR&#160; &#160;&#160; [&#160;&#160; ] Form N-CSR</font></div>
    <div style="text-align: left; margin-left: 54pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
      </font></div>
    <div style="text-align: left; text-indent: 36pt; margin-left: 9pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">For Period Ended:&#160; </font><font style="font-size: 10pt; font-family: &quot;Times New
        Roman&quot;,Times,serif;"><u>March 31, 2019</u></font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 396pt;" id="TRGRRTFtoHTMLTab">&#160;</font></div>
    <div style="text-align: left; margin-left: 63pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">[&#160;&#160; ]&#160;&#160; Transition Report on Form 10-K</font></div>
    <div style="text-align: justify; margin-left: 63pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[&#160;&#160; ]&#160;&#160; Transition Report on Form 20-F</font></div>
    <div style="text-align: justify; margin-left: 63pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[&#160;&#160; ]&#160;&#160; Transition Report on Form 11-K</font></div>
    <div style="text-align: justify; margin-left: 63pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[&#160;&#160; ]&#160;&#160; Transition Report on Form 10-Q</font></div>
    <div style="text-align: justify; margin-left: 63pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[&#160;&#160; ]&#160;&#160; Transition Report on Form N-SAR</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">For the Transition Period Ended:</font><font style="display: inline-block; text-indent: 0px; font-size:
        1px; width: 432pt;" id="TRGRRTFtoHTMLTab">&#160;</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>N/A</u></font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt;" id="TRGRRTFtoHTMLTab">&#160;</font></font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART I -- REGISTRANT INFORMATION</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Ohio Valley Banc Corp.</u></font><font style="display:
          inline-block; text-indent: 0px; font-size: 1px; width: 12pt;" id="TRGRRTFtoHTMLTab">&#160;</font></font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Full Name of Registrant</font></div>
    <div><br>
    </div>
  </div>
  <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Former Name if Applicable</font>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u> <br>
        </u></font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>420 Third Avenue</u></font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 468pt;" id="TRGRRTFtoHTMLTab">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Address of Principal Executive Office <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(Street
          and Number)</font></font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Gallipolis, Ohio 445631</u></font><font style="display:
          inline-block; text-indent: 0px; font-size: 1px; width: 12pt;" id="TRGRRTFtoHTMLTab">&#160;</font></font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">City, State and Zip Code</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART II -- RULES 12b-25(b) AND (c)</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
        following should be completed.&#160; (Check box if appropriate)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt;" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9746;</font></font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: -18pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(a) The reasons described in reasonable detail in Part III of this form could not be eliminated without
        unreasonable effort or expense;</font></div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter">
        <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 8pt; font-weight: normal; font-style:
              normal;">1</font></font></div>
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    <div style="text-align: justify; text-indent: -18pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F,
        Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on
        Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: -18pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(c) The accountant&#8217;s statement or other exhibit required by Rule 12b-25(c) has been attached if
        applicable.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: -54pt; margin-left: 54pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART III -- NARRATIVE</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be
        filed within the prescribed time period.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 18pt;">
      <div style="text-align: justify; color: rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;">Ohio Valley Banc Corp. (&#8220;OVBC&#8221;) was unable to file, without unreasonable effort or expense, its Quarterly Report on Form
        10-Q for the quarter ended March 31, 2019 (the "Form 10-Q") by the prescribed filing date d<font style="background-color: rgb(255, 255, 255);">ue to <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">an</font>
          ongoing&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">evaluation</font> by OVBC and its independent registered public accounting firm of an internal control deficiency regarding <font style="font-size:
            10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">the timeliness of</font> loan downgrading and the related establishment of an allowance for loan losses.&#160; The review has been completed, and no material weakness in internal controls
          over financial reporting has been <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">identified</font>. OVB</font>C expects to file the Form 10-Q no later than May 15, 2019.</div>
      <br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART IV -- OTHER INFORMATION</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </font></div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="z85d967cafa5441d4a33582093042d85e">

          <tr>
            <td style="width: 3%;" colspan="1">(1)</td>
            <td style="width: 97%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;Name and telephone number of person to contact in regard to this notification.</font></div>
            </td>
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    <div style="text-align: left;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; width: 100%;" id="z1dcedd070dcd4905a87c5acbbb5a0106">

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            <td style="width: 50%; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
              <div>
                <div style="text-align: left; margin-left: 27pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">&#160;&#160;&#160; Scott W. Shockey</font><font style="display: inline-block; font-size: 1px; width:
                    234pt;"> <br>
                  </font></div>
              </div>
            </td>
            <td style="width: 50%; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">(740)
                  578-3218</font><font style="display: inline-block; font-size: 1px; width: 12pt;"> <br>
                </font></font></td>
          </tr>
          <tr>
            <td style="width: 50%;">
              <div style="text-align: left; text-indent: 27pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">&#160;&#160;&#160; (Name)</font><font style="display: inline-block; font-size: 1px; width: 234pt;"> <br>
                </font></div>
            </td>
            <td style="width: 50%;">
              <div>&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Area Code) (Telephone Number)</font></div>
            </td>
          </tr>

      </table>
      <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u></u></font></div>
    <br>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="zad4ecf633e70465882c28d9e9f5054eb" class="DSPFListTable">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(2)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30
                    of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?&#160; If the answer is no, identify report(s).</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: left; margin-left: 54pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[ X ]&#160; Yes&#160; [&#160;&#160; ]&#160; No</font></div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="z137efc753f67400a9d01478e49052dec" class="DSPFListTable">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(3)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal
                    year will be reflected by the earnings statements to be included in the subject report or portion thereof?</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: left; margin-left: 54pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[ X ]&#160; Yes&#160; [&#160; ]&#160; No</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">If so:&#160; attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a
        reasonable estimate of the results cannot be made.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following was reported by OVBC in a press release dated April 25, 2019, and a Form 8-K filed by OVBC with the Securities
        and Exchange Commission on the same date.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Ohio Valley Banc Corp. (the &#8220;Company&#8221;) reported consolidated net income for the quarter ended March 31, 2019, of
        $1,193,000, a decrease of $2,173,000 from the same period the prior year.&#160; Earnings per share for the first quarter of 2019 were $.25, compared to $.71 for the first quarter of 2018.&#160; Return on average assets and return on average equity were .47
        percent and 4.08 percent, respectively, for the first quarter of 2019, versus 1.20 percent and 12.41 percent, respectively, for the same period the prior year.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">For the first quarter of 2019, net interest income decreased $123,000, or 1.1 percent, from the same period last
        year.&#160; Contributing to the lower net interest income was the decrease in average earning assets.&#160; For the three months ended March 31, 2019, average earning assets decreased $122 million from the same period the prior year, primarily attributable
        to not processing tax refunds in 2019.&#160; As previously disclosed, a third-party tax refund product provider elected to terminate the Bank&#8217;s processing contract early.&#160; During the first quarter of 2018, the processing of tax refunds provided nearly
        $151 million in average deposits that was invested in the Federal Reserve.&#160; This activity generated approximately $569,000 in interest revenue that was not replicated in 2019.&#160; Absent the loss of interest revenue associated with processing tax
        refunds, net interest income did benefit from the growth in interest income on loans and securities exceeding the growth in interest expense on deposits and borrowed funds.&#160; For the three months ended March 31, 2019, interest and fees on loans
        increased $663,000 and interest on securities increased $52,000 from the same period last year.&#160; These increases were due to a combination of average loan growth and the benefit of rising interest rates throughout 2018.&#160; For the same time period,
        interest expense on deposits and borrowed funds increased $472,000, primarily due to certificates of deposit repricing at higher market rates.&#160; For the quarter ended March 31, 2019, the net interest margin was 4.89 percent, compared to 4.38 percent
        for the same period the prior year.&#160; The increase in net interest margin was primarily related to the higher balances maintained at the Federal Reserve during the first quarter of 2018, which diluted the net interest margin due to the yield on
        those balances being less than other earning assets, such as loans and securities.</font></div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter">
        <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 8pt; font-weight: normal; font-style:
              normal;">2</font></font></div>
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    <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">For the three months ended March 31, 2019, the provision for loan loss expense totaled $2,377,000, an increase of
        $1,621,000.&#160; For the three months ended March, 31, 2019, the provision for loan loss expense incurred was related to net loan charge-offs of $1,092,000 and to an increase in general reserves related to certain economic risk factors.&#160; During the
        first quarter, the level of classified loans, or those loans demonstrating financial weakness, increased from the prior quarter due to the deterioration in financial performance by certain loan relationships.&#160; In addition, our historical loan loss
        factors and our regional unemployment levels increased from the prior quarter.&#160; In association with these higher risk factors, the general reserves required for the allowance for loan losses increased.&#160; The allowance for loan losses was 1.03
        percent of total loans at March 31, 2019, compared to .87 percent at December 31, 2018 and 1.04 percent at March 31, 2018.</font></div>
    <div><br>
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    <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">For the first quarter of 2019, noninterest income totaled $1,846,000, a decrease of $1,230,000 from the first
        quarter of 2018, primarily due to a $1,228,000 reduction in tax processing fees.&#160; In relation to the third-party tax refund provider terminating the contract as previously discussed, the Company also experienced a decline in tax processing fees,
        which is a per item fee for each item processed.&#160; As a result of not performing such service in 2019, there was no corresponding revenue earned.&#160; Partially offsetting the decrease in tax refund processing fees was the increase in fee income related
        to interchange income earned from debit and credit transactions, which increased $53,000 from the same period last year.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Noninterest expense totaled $9,568,000 for the first quarter of 2019, a decrease of $240,000, or 2.4 percent, from
        the same period last year.&#160; The Company&#8217;s largest noninterest expense, salaries and employee benefits, decreased $166,000, or 2.9 percent, from the first quarter of 2018.&#160; The decrease was primarily related to the expense savings associated with a
        lower number of employees more than offsetting the expense increase associated with annual merit increases.&#160; Further contributing to lower noninterest expense was data processing and FDIC insurance premiums.&#160; For the three months ended March 31,
        3019, data processing expense decreased $179,000 from the same period last year in relation to lower consulting fees.&#160; For the same period, FDIC insurance premiums decreased $140,000 in relation to anticipated insurance credits based on the FDIC&#8217;s
        reserve fund achieving its target level.&#160; Partially offsetting the expense reductions above was an increase in professional fees, which increased $164,000 from the prior year first quarter primarily due to litigation related legal fees.&#160; The
        remaining noninterest expenses increased $81,000, led by foreclosure costs.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">OVBC does not expect the Form 10-Q to contain any material changes from the financial information contained in the press
        release.</font></div>
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    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-style: italic;">Certain statements in this Form 12b-25 constitute forward-looking statements within the meaning of the Private
        Securities Litigation Reform Act of 1995, including statements about the timing for filing the Form 10-Q and the changes that might be made to OVBC's financial statements for the year ended December 31, 2018, and the quarter ended March 31, 2019.&#160;
        These forward-looking statements are based upon information presently available to OVBC and assumptions that it believes to be reasonable, but actual results may vary materially from those expressed or implied by the forward-looking statements due
        to a number of risks and uncertainties, including the timing of the process of finalizing the Form 10-Q and the calculations that may ultimately be made in revising the financial statements, as well as the other risks included in OVBC's filings
        with the U.S. Securities and Exchange Commission.&#160; OVBC undertakes no obligation to update forward-looking statements, except as required by law.</font></div>
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              <div>&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Ohio Valley Banc Corp.</font><font style="display: inline-block;
                    text-indent: 0px; font-size: 1px; width: 12pt;"> <br>
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              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">(Name of Registrant as Specified in Charter)</font></div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.</font></div>
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      </font></div>
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              <div>&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date:&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>&#160; May 13, 2019</u></font><font style="display: inline-block;
                  text-indent: 0px; font-size: 1px; width: 198pt;"> <br>
                </font></div>
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            <td style="width: 4%; padding-bottom: 2px;" colspan="1">&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">By:</font></td>
            <td style="width: 48%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Scott W. Shockey</font><font style="display: inline-block;
                    text-indent: 0px; font-size: 1px; width: 12pt;"> <br>
                  </font></font></div>
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              <div>&#160;</div>
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            <td style="width: 4%; padding-bottom: 2px;" colspan="1">&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Name:</font></td>
            <td style="width: 48%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Scott W. Shockey</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 340.4pt;"> <br>
                </font></div>
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              <div>&#160;</div>
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            <td style="width: 4%; padding-bottom: 2px;" colspan="1">&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Title:</font></td>
            <td style="width: 48%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Executive Vice President and Chief Financial Officer</font><font style="display:
                    inline-block; text-indent: 0px; font-size: 1px; width: 12pt;"> <br>
                  </font></font></div>
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