Mvb financial corp (MVBF)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Cash and cash equivalents:
Cash and due from banks

25

18

22

18

15

14

18

20

17

16

17

17

16

14

15

10

15

14

16

11

15

13

15

18

17

28

27

27

14

21

11

12

11

9

10

18

3

Interest bearing balances with banks

63

9

13

3

2

7

3

3

6

3

3

0

1

2

13

18

13

14

8

2

11

16

47

10

15

10

21

3

37

3

3

8

11

0

-

-

10

Total cash and cash equivalents

-

-

-

-

-

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cash and cash equivalents

88

28

36

21

17

-

22

23

23

20

20

17

18

17

28

28

28

29

25

14

26

30

62

28

32

39

-

-

-

25

-

-

-

-

-

-

-

Interest bearing balances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

4

-

Certificates of deposit with other banks

12

12

13

14

14

14

14

14

14

14

14

14

14

14

7

13

13

13

13

11

11

11

9

9

9

9

9

9

9

9

9

9

9

9

9

0

17

Investment Securities:
Loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98

-

73

116

125

69

50

69

50

90

46

76

73

85

4

2

4

7

3

2

1

Loans:

-

-

-

-

-

-

-

-

-

-

1,094

1,102

1,076

-

1,076

1,087

1,075

1,032

994

911

831

798

762

734

675

622

-

-

-

446

-

-

-

-

-

-

-

Investment securities available-for-sale, at fair value

223

235

226

215

224

221

216

-

-

231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109

-

-

-

-

-

-

-

-

-

-

Securities available-for-sale, including equity and other

-

-

-

-

-

-

-

222

226

-

187

175

172

162

152

138

134

70

68

65

67

68

71

90

104

106

-

83

77

79

84

94

101

99

-

-

61

Equity securities

19

18

18

18

9

9

9

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale

186

109

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans:

1,396

1,374

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Allowance for loan losses

11

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Loans

1,385

1,362

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities

19

18

18

18

9

9

9

6

6

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities held-to-maturity (fair value of $0 for 2016 and $54,470 for 2015)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

52

52

53

53

54

55

55

56

56

55

47

35

35

32

16

14

13

10

6

7

Loans held for sale

-

-

159

119

65

75

63

98

51

66

69

107

71

90

123

131

-

102

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities available-for-sale, at approximate fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102

75

-

Loans receivable

-

-

1,382

1,326

1,341

1,304

1,296

1,215

1,157

1,105

-

-

-

1,052

-

-

-

-

-

-

-

-

-

-

-

-

522

474

456

-

446

424

400

373

357

329

294

Less: Allowance for loan losses

-

-

11

11

11

10

11

10

10

9

9

9

9

9

9

9

8

8

7

7

6

6

6

6

5

4

4

4

4

4

3

3

3

3

2

2

2

Net Loans

-

-

1,370

1,315

1,329

1,293

1,285

1,204

1,147

1,096

1,085

1,092

1,067

1,043

1,066

1,078

1,067

1,024

987

904

824

792

756

728

670

617

517

470

451

442

442

420

397

370

355

326

291

Premises and equipment, net

22

21

25

25

25

26

26

26

26

26

27

27

26

25

25

25

26

26

26

25

25

25

24

21

18

16

14

13

12

11

8

7

7

7

7

7

7

Bank owned life insurance

35

35

34

34

34

34

32

33

32

32

23

23

23

22

22

22

22

22

22

22

21

21

21

21

16

16

15

15

10

10

8

8

8

8

-

-

5

Accrued interest receivable and other assets

67

53

57

49

48

34

33

36

33

27

25

29

21

24

23

27

22

25

19

22

20

19

17

21

20

16

17

-

-

9

-

-

-

-

-

-

-

Assets of branches held for sale

39

46

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest receivable and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

16

-

7

7

7

5

13

13

6

Goodwill

19

19

19

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

17

17

17

17

17

17

17

17

17

17

17

-

-

-

0

-

-

-

TOTAL ASSETS

2,099

1,944

1,961

1,833

1,789

1,750

1,723

1,685

1,581

1,534

1,471

1,507

1,433

1,418

1,468

1,484

1,432

1,384

1,306

1,253

1,194

1,110

1,086

1,062

997

987

853

781

756

726

613

588

572

533

520

454

414

LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Noninterest bearing

387

278

274

270

236

213

240

163

142

125

121

121

119

115

105

96

86

80

87

76

77

67

64

62

56

63

-

-

-

54

-

-

-

-

-

-

-

Interest bearing

1,210

986

1,181

1,107

1,194

1,095

1,138

1,031

1,011

1,033

1,043

978

1,017

991

1,020

970

1,004

931

931

814

789

756

781

684

697

632

-

-

-

431

-

-

-

-

-

-

-

Total deposits

1,598

1,265

1,456

1,377

1,430

1,309

1,379

1,195

1,153

1,159

1,165

1,099

1,136

1,107

1,126

1,067

1,091

1,012

1,018

890

866

823

846

747

754

695

-

-

-

486

-

-

-

-

-

-

-

Deposits of branches held for sale

187

188

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-interest bearing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60

55

61

-

49

47

44

38

42

34

28

Interest bearing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

559

475

458

-

421

410

396

351

335

314

271

Total deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

620

531

520

-

471

457

440

390

377

348

300

Accrued interest payable and other liabilities

58

41

44

41

33

17

16

15

15

16

14

15

12

16

19

21

14

13

11

10

12

10

6

9

7

6

7

8

8

6

3

2

2

3

2

2

2

Repurchase agreements

9

10

9

9

12

14

15

20

20

22

25

22

21

25

27

26

29

27

26

26

26

32

33

36

71

81

86

82

69

70

69

64

66

77

77

50

47

FHLB and other borrowings

30

222

241

186

114

214

122

266

207

152

84

189

90

90

136

213

146

183

102

178

145

101

55

125

60

104

52

72

72

91

15

9

9

9

9

9

28

Subordinated debt

4

4

4

16

17

17

18

20

33

33

33

33

33

33

33

33

33

33

33

33

33

33

33

33

4

4

4

-

-

4

-

-

-

-

-

-

4

Subordinated debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

4

-

4

4

4

4

4

4

-

Total liabilities

1,888

1,732

1,755

1,632

1,609

1,574

1,552

1,519

1,431

1,384

1,322

1,360

1,295

1,273

1,343

1,360

1,315

1,269

1,192

1,139

1,083

1,001

976

952

898

893

770

699

674

659

562

538

523

485

471

415

383

STOCKHOLDERS’ EQUITY
Preferred stock, par value $1,000; 20,000 authorized; 733 issued in 2020 and 2019, respectively (See Footnote 7)

7

7

7

7

7

7

7

7

7

7

7

7

7

16

16

16

16

16

16

16

16

16

16

16

8

8

8

8

8

8

8

8

8

8

8

0

0

Common stock, par value $1; 20,000,000 shares authorized; 11,997,866 shares issued and 11,930,489 shares outstanding in 2019 and 11,995,366 shares issued and 11,944,289 shares outstanding in 2019

11

11

11

11

11

11

11

11

10

10

10

10

10

10

8

8

8

8

8

8

8

8

8

8

7

7

3

3

3

2

2

2

2

2

2

2

1

Additional paid-in capital

123

122

120

118

117

116

115

112

100

98

98

98

93

93

74

74

74

74

74

74

74

74

74

74

73

68

62

61

61

48

32

32

32

32

32

32

23

Retained earnings

72

72

69

65

50

48

45

42

40

37

36

34

32

31

29

27

21

20

18

17

16

14

15

15

14

13

12

12

10

9

8

7

7

6

5

5

4

Accumulated other comprehensive loss

-2

-1

-2

-2

-5

-6

-8

-7

-7

-2

-2

-2

-4

-4

-2

-1

-2

-2

-2

-2

-2

-2

-2

-2

-2

-2

-2

-2

-1

-1

-0

-0

-0

-0

0

-0

-0

Common stock paid for but not issued, par value $1; 0 and 90,560 shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

Treasury stock, 67,377 shares in 2020 and 51,077 shares in 2019, at cost

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

1

1

1

1

1

1

1

1

1

1

-1

1

Total stockholders’ equity

211

211

206

200

180

176

170

165

150

150

148

146

138

145

125

124

117

114

114

113

111

109

110

110

99

94

82

82

81

67

50

49

48

47

48

38

30

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

2,099

1,944

1,961

1,833

1,789

1,750

1,723

1,685

1,581

1,534

1,471

1,507

1,433

1,418

1,468

1,484

1,432

1,384

1,306

1,253

1,194

1,110

1,086

1,062

997

987

853

781

756

726

613

588

572

533

520

454

414