Mvb financial corp (MVBF)
CashFlow / Quarterly
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'11Mar'11
OPERATING ACTIVITIES
Net Income

-

-

-

-

-

-

-

-

-

-

-

2,260

1,574

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income

1,048

4,095

4,327

15,377

3,192

2,999

3,579

2,831

2,594

-

-

-

-

2,307

2,310

6,499

1,796

1,402

1,406

1,905

2,103

-585

537

969

1,158

591

757

1,484

1,188

1,442

1,048

817

861

727

673

636

666

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net amortization and accretion of investments

302

341

349

288

280

299

300

333

361

365

181

301

319

312

294

215

180

179

199

202

185

192

194

210

224

235

266

270

270

-

-

-

-

-

-

-

-

Net amortization of deferred loan costs

114

-638

12

106

72

-429

119

-30

16

-69

41

-36

90

22

32

23

-22

313

-106

-26

22

239

139

-46

73

84

65

35

-16

-

-

-

-

-

-

-

-

Provision for loan losses

1,138

232

657

600

300

292

1,069

605

474

1,036

96

523

518

657

1,075

1,275

625

637

636

561

659

390

784

889

519

267

326

667

1,000

675

775

675

675

502

591

330

300

Depreciation and amortization

908

914

821

766

759

728

727

742

741

711

688

675

617

860

882

865

800

1,471

505

478

454

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

311

298

289

-

244

223

194

140

133

132

128

123

119

113

111

Stock based compensation

498

440

493

401

425

347

394

282

244

307

179

179

148

153

147

163

105

105

105

104

99

99

93

71

58

70

49

41

36

19

40

39

40

29

31

29

28

Loans originated for sale

484,989

452,907

510,512

402,246

239,160

280,944

313,250

380,949

238,935

316,772

348,623

388,873

313,263

437,464

448,609

440,209

317,168

294,533

338,462

370,124

338,846

246,389

215,654

232,710

148,480

246,402

402,096

134,962

239,958

-

-

-

-

-

-

-

-

Loans originated for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,835

23,232

30,972

13,186

12,092

6,397

Proceeds of loans sold

419,868

504,206

481,953

358,159

255,682

239,144

357,351

342,493

261,012

299,520

397,409

361,921

341,150

479,222

467,839

416,811

327,700

270,548

390,677

388,236

288,880

233,418

239,196

218,034

190,675

206,080

437,497

138,922

257,189

56,790

34,711

28,104

26,463

28,074

11,876

10,746

7,540

Mortgage fee income

11,219

13,015

11,496

9,864

6,670

7,703

9,008

9,063

6,563

8,545

10,018

8,952

9,634

8,850

10,668

9,397

6,785

5,591

8,955

8,617

6,309

5,066

4,948

4,333

3,210

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,360

7,261

5,097

2,164

567

1,579

-460

-

-

-

-

Proceeds from sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78

234

Loss on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-4

2

73

0

0

0

Gain on sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

167

549

0

479

224

381

0

4

5

121

-

-

-

-

-

-

-

1

452

113

139

-66

-348

-129

-207

-149

Gain on sale of available-for-sale securities

276

-

0

47

33

-

27

-1

326

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of available-for-sale securities

0

-

11

97

151

-

25

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of securities

-

-

-

-

-

-

-

-

-

-

-

0

-366

-

0

-2

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of portfolio loans

130

292

50

123

55

-19

5

0

212

61

265

203

9

204

238

451

149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income on bank owned life insurance

223

224

224

224

525

224

520

220

218

193

151

155

147

161

158

158

161

161

160

165

167

164

169

127

128

118

118

132

92

-

-

-

-

-

-

-

-

Deferred taxes

-929

261

-26

-4,209

21

-124

381

-67

-51

1,819

-648

203

-25

431

932

-136

-520

-513

-136

274

-20

-66

-80

-291

-645

535

46

101

-188

-193

5

-157

201

2

39

-65

171

Amortization of operating lease right-of-use asset

8

-46

17

19

20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Holding gain on equity securities

14

-

0

13,587

180

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

1,721

-574

1,025

-3,924

1,248

-377

-3,594

-1,414

-3,520

-1,623

3,633

1,731

-1,611

994

-2,628

2,433

626

-1,555

4,782

-4,632

1,498

-1,302

1,624

-4,019

-

-

-

-

-

-

-

-

Changes in other assets

18,839

-

-

-

16,801

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

207

-483

-1,291

19

-116

-101

Changes in other liabilities

14,116

-

-

-

15,447

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-162

-640

1,176

-33

-130

-238

Net cash (used in) provided by operating activities

-78,619

57,719

-35,921

-42,785

12,925

-6,480

39,939

-41,978

15,213

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,980

3,754

-2,529

-66

-479

2,333

(Gain) on derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Amortization, net of accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

351

274

265

273

246

199

168

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-35,918

19,741

-

-

-

7,751

-28,048

46,380

9,395

-50,628

-17,678

18,577

-12,379

35,901

-40,031

29,748

931

10,506

-

-

-

-

-

-

-

-

INVESTING ACTIVITIES
Purchases of investment securities available-for-sale

16,325

-

17,364

15,128

20,400

-

3,761

1,122

14,859

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

52,435

35,666

13,107

37,919

19,115

34,425

28,187

32,885

11,340

5,479

11,198

11,535

-

-

-

-

9,188

30,038

14,543

3,226

33,185

778

13,963

13,281

34,628

108,646

72,616

33,881

Purchases of investment securities held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

250

-

-

-

-

-

-

-

-

3,413

3,948

0

0

Maturities/paydowns of investment securities available-for-sale

18,990

4,296

7,765

16,286

5,236

9,465

4,598

4,321

7,364

7,050

4,374

2,870

4,717

4,312

4,413

7,452

1,613

8,811

2,080

12,981

540

1,697

1,774

2,343

2,416

-

-

-

-

-

-

-

-

-

-

-

-

Maturities/paydowns of investment securities held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

400

715

75

-721

1,511

-

-

-

-

-

-

-

-

-

-

-

0

0

225

1,000

0

Sales of investment securities available-for-sale

10,300

4,200

400

12,900

13,700

-100

2,120

0

680

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities/paydowns of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,943

-11,218

11,238

20,281

11,323

36,964

82,283

85,001

8,052

Sales of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

-

19,033

10,130

22,945

-

15,664

18,302

21,225

0

1,428

0

11,484

7,031

17,091

37,177

0

11,600

0

1,592

2,045

-

-

-

-

-

-

-

-

Purchases of premises & equipment, including premises & equipment included in assets of branches held for sale

1,384

908

505

514

115

529

1,001

657

506

488

389

2,031

1,588

233

161

622

652

505

543

711

394

1,813

3,023

2,666

2,296

2,237

1,424

1,175

1,665

2,400

1,153

216

90

232

256

118

63

Net increase in loans and loans included in assets of branches held for sale

16,063

34,483

55,606

-13,879

36,866

8,288

81,785

57,888

51,321

11,898

-7,687

25,504

24,245

-22,684

-10,623

12,103

43,449

37,375

65,418

79,315

33,065

36,990

27,921

58,751

53,327

24,685

47,823

18,785

10,560

-

-

-

-

-

-

-

-

Gain on sale of portfolio loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

346

-

-

-

-

-

-

-

-

-

22,689

24,104

27,078

16,125

28,911

24,236

11,662

Purchases of restricted bank stock

7,439

15,093

15,939

12,449

6,119

11,620

4,435

7,414

5,901

5,262

3,193

7,981

4,276

5,869

3,950

8,664

5,450

6,913

5,013

6,378

6,040

5,895

719

4,588

2,773

5,730

2,627

2,107

1,762

-

-

-

-

-

-

-

-

Redemptions of restricted bank stock

13,414

14,249

13,847

9,405

8,352

8,131

9,476

4,277

3,797

2,975

7,073

4,114

4,818

7,195

6,737

5,819

6,933

3,995

7,479

5,149

4,349

5,422

3,665

1,227

4,710

4,001

3,694

546

516

-

-

-

-

-

-

-

-

Decrease (increase) in deposits with FHLB and Fed, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,527

11,046

-6,684

2,649

-21,771

15,993

Purchases of certificates of deposit in other banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Purchases of certificates of deposit in other banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sale of certificates of deposit with banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

248

-

-

-

-

-

-

-

-

0

0

245

246

0

0

1,640

16,094

Proceeds from sale of other real estate owned

52

0

36

598

97

345

2

179

181

0

0

0

0

76

68

0

15

-

-

-

-

-

-

-

57

-

-

-

-

185

0

0

30

-

-

-

-

Adjustment of branch acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Purchase of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

900

0

1,200

Purchase of equity securities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from death benefit of bank owned life insurance policies

0

-

0

0

-688

-

-706

0

0

-

0

0

50

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of equity securities

498

-

50

800

450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in business combination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

535

-

-

-

-

Net cash provided by (used in) investing activities

1,065

-45,489

-69,098

30,415

-35,883

-15,022

-76,086

-58,304

-60,565

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17,633

-40,431

-10,689

-72,408

12,442

-38,653

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-31,509

-35,598

-

-

-

-52,250

-43,312

-17,697

-79,187

-33,248

-35,784

-10,432

-53,757

-51,463

-102,561

-83,290

-46,479

-11,709

-

-

-

-

-

-

-

-

FINANCING ACTIVITIES
Net increase in deposits and deposits in branches held for sale

332,734

-3,092

78,667

-52,922

121,505

-70,032

183,318

41,961

-5,673

-5,619

65,591

-36,858

29,449

-19,773

59,548

-24,326

79,254

-5,941

58,589

24,661

43,081

-23,094

99,278

-7,596

58,828

75,801

88,672

11,075

33,744

15,288

13,491

17,486

49,709

12,660

28,958

-2,194

50,687

Net decrease in repurchase agreements

-826

712

31

-3,124

-2,372

-830

-4,485

-436

-1,727

-2,642

2,851

499

-3,465

-2,032

1,144

-3,513

2,124

875

299

141

-6,551

-1,221

-2,627

-34,977

-10,080

-4,569

3,191

13,195

-473

970

4,944

-2,585

-10,930

9

27,604

6,240

-3,641

Net change in FHLB & other borrowings

-192,070

-91,948

56,361

72,058

-100,003

142,908

-144,809

9,479

67,421

82,268

-104,962

87,126

-14,769

-45,168

-76,872

66,764

-36,908

80,753

-73,706

33,044

43,997

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock offering, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-29

-45

1,939

3,723

9,754

8

-72

13,419

13,468

0

266

0

0

0

-15

6,515

Preferred stock redemption

-

-

-

-

-

-

-

-

-

0

0

0

8,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,786

48

-

-

-

-

-

-

-

-

-

-

-

-

Common stock options exercised

38

1,288

545

237

94

123

709

37

1,260

0

-2

-8

0

0

40

0

-8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on FHLB borrowings

-

-

-

-

-

50,021

21

19

12,220

14,502

19

552

24

23

24

23

23

23

2,071

42

41

40

40

1,041

39

39

2,038

-1,962

2,801

-93,515

37,137

27,963

28,647

16,566

16,449

13,951

51,985

Proceeds from new FHLB borrowings

-

-

-

-

-

-

-

-

-

0

0

12,199

14,483

0

0

0

0

-

-

-

-

-

-

66,330

-44,128

-

-18,579

-1,521

-16,394

-76,062

42,632

27,905

28,590

16,510

16,393

13,896

33,305

Common stock repurchased

260

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid on common stock

1,076

833

585

464

408

347

347

263

263

260

262

261

250

162

161

162

161

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid on preferred stock

114

115

121

122

121

123

123

122

121

124

123

122

129

314

314

314

186

145

145

143

142

145

144

22

21

21

21

22

21

21

21

73

21

44

0

0

0

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

66,954

16,795

-

-

-

44,092

75,358

-17,562

57,261

80,344

21,030

26,245

61,643

8,331

133,953

71,275

24,686

27,474

-

-

-

-

-

-

-

-

Net cash provided by financing activities

138,426

-20,796

120,378

15,621

18,695

21,678

34,242

100,602

48,677

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,883

38,701

12,314

64,928

3,976

34,881

Increase (decrease) in cash and cash equivalents

60,872

-8,566

15,359

3,251

-4,263

176

-1,905

320

3,325

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business combination non-cash disclosures:
Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

2,467

-473

938

-11,464

42

36

-407

3,998

11,121

-12,531

-3,532

-32,432

34,390

-4,493

-7,231

-8,639

17,733

-20,862

26,271

13,930

-885

230

2,024

-904

-7,546

15,939

-1,439

Supplemental disclosure of cash flow information:
Loans transferred to other real estate owned

23

36

0

16

63

649

0

0

720

147

308

709

0

205

0

127

0

-

-

-

-

-

-

-

-

-

-

-

472

-

-

-

-

-

-

-

-

Initial recognition of operating lease right-of-use assets

-

0

0

0

12,935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease liabilities

-

0

0

0

15,659

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cashless stock options exercised

35

57

0

0

0

-

-

-

-

-

-

-

-

0

0

0

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash payments for:
Interest on deposits, repurchase agreements and borrowings

5,511

3,583

6,787

6,464

6,136

3,670

5,774

4,198

3,635

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on deposits, repurchase agreements and borrowings

-

-

-

-

-

-

-

-

-

-

-

2,952

2,943

-

2,680

2,315

3,089

2,846

2,887

2,844

2,547

2,509

2,812

2,093

1,539

1,860

1,304

1,165

1,222

1,271

1,239

1,194

1,218

1,195

1,232

1,262

1,269

Income taxes

-

-

-

-

-

-

20

0

87

-

-

-

-

-

3,000

1,382

0

-

-

-

-

129

580

555

465

-

-

-

-

416

241

527

0

415

219

467

0