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

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income

24,847

26,991

25,895

25,147

12,601

12,003

0

0

0

-

-

-

-

12,912

12,007

11,103

6,509

6,816

4,829

3,960

3,024

2,079

3,255

3,475

3,990

4,020

4,871

5,162

4,495

4,168

3,453

3,078

2,897

2,702

0

0

0

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

1,280

1,258

1,216

1,167

1,212

1,293

1,359

1,240

1,208

1,166

1,113

1,226

1,140

1,001

868

773

760

765

778

773

781

820

863

935

995

1,041

0

0

0

-

-

-

-

-

-

-

-

Net amortization of deferred loan costs

-406

-448

-239

-132

-268

-324

36

-42

-48

26

117

108

167

55

346

208

159

203

129

374

354

405

250

176

257

168

0

0

0

-

-

-

-

-

-

-

-

Provision for loan losses

2,627

1,789

1,849

2,261

2,266

2,440

3,184

2,211

2,129

2,173

1,794

2,773

3,525

3,632

3,612

3,173

2,459

2,493

2,246

2,394

2,722

2,582

2,459

2,001

1,779

2,260

2,668

3,117

3,125

2,800

2,627

2,443

2,098

1,723

0

0

0

Depreciation and amortization

3,409

3,260

3,074

2,980

2,956

2,938

2,921

2,882

2,815

2,691

2,840

3,034

3,224

3,407

4,018

3,641

3,254

2,908

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

801

690

599

533

516

502

483

466

0

0

0

Stock based compensation

1,832

1,759

1,666

1,567

1,448

1,267

1,227

1,012

909

813

659

627

611

568

520

478

419

413

407

395

362

321

292

248

218

196

145

136

134

138

148

139

129

117

0

0

0

Loans originated for sale

1,850,654

1,604,825

1,432,862

1,235,600

1,214,303

1,214,078

1,249,906

1,285,279

1,293,203

1,367,531

1,488,223

1,588,209

1,639,545

1,643,450

1,500,519

1,390,372

1,320,287

1,341,965

1,293,821

1,171,013

1,033,599

843,233

843,246

1,029,688

931,940

1,023,418

0

0

0

-

-

-

-

-

-

-

-

Loans originated for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

94,225

79,482

62,647

0

0

0

Proceeds of loans sold

1,764,186

1,600,000

1,334,938

1,210,336

1,194,670

1,200,000

1,260,376

1,300,434

1,319,862

1,400,000

1,579,702

1,650,132

1,705,022

1,691,572

1,482,898

1,405,736

1,377,161

1,338,341

1,301,211

1,149,730

979,528

881,323

853,985

1,052,286

973,174

1,039,688

890,398

487,612

376,794

146,068

117,352

94,517

77,159

58,236

0

0

0

Mortgage fee income

45,594

41,045

35,733

33,245

32,444

32,337

33,179

34,189

34,078

37,149

37,454

38,104

38,549

35,700

32,441

30,728

29,948

29,472

28,947

24,940

20,656

17,557

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,882

15,089

9,407

3,850

0

0

0

-

-

-

-

Proceeds from sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Loss on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

71

75

73

0

0

0

Gain on sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

1,195

1,252

1,084

1,084

609

390

130

0

0

0

-

-

-

-

-

-

-

705

638

-162

-404

-750

-833

0

0

0

Gain on sale of available-for-sale securities

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of available-for-sale securities

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of securities

-

-

-

-

-

-

-

-

-

-

-

0

-368

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of portfolio loans

595

520

209

164

41

198

278

538

741

538

681

654

902

1,042

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income on bank owned life insurance

895

1,197

1,197

1,493

1,489

1,182

1,151

782

717

646

614

621

624

638

638

640

647

653

656

665

627

588

542

491

496

460

0

0

0

-

-

-

-

-

-

-

-

Deferred taxes

-4,903

-3,953

-4,338

-3,931

211

139

2,082

1,053

1,323

1,349

-39

1,541

1,202

707

-237

-1,305

-895

-395

52

108

-457

-1,082

-481

-355

37

494

-234

-275

-533

-144

51

85

177

147

0

0

0

Amortization of operating lease right-of-use asset

-2

10

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Holding gain on equity securities

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-1,752

-2,225

-2,028

-6,647

-4,137

-8,905

-10,151

-2,924

221

2,130

4,747

-1,514

-812

1,425

-1,124

6,286

-779

93

346

-2,812

-2,199

0

0

0

-

-

-

-

-

-

-

-

Changes in other assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,548

-1,871

-1,489

0

0

0

Changes in other liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

341

373

775

0

0

0

Net cash (used in) provided by operating activities

-99,606

-8,062

-72,261

3,599

4,406

6,694

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,139

680

-741

0

0

0

(Gain) on derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Amortization, net of accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,163

1,058

983

886

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

35,478

-22,901

-12,531

-40,334

-62,108

24,421

2,068

13,239

26,549

1,154

0

0

0

-

-

-

-

-

-

-

-

INVESTING ACTIVITIES
Purchases of investment securities available-for-sale

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

139,127

105,807

104,566

119,646

114,612

106,837

77,891

60,902

39,552

0

0

0

-

-

-

-

56,995

80,992

51,732

51,152

61,207

62,650

170,518

229,171

249,771

0

0

0

Purchases of investment securities held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

0

0

0

-

-

-

-

-

-

-

-

7,361

0

0

0

Maturities/paydowns of investment securities available-for-sale

47,337

33,583

38,752

35,585

23,620

25,748

23,333

23,109

21,658

19,011

16,273

16,312

20,894

17,790

22,289

19,956

25,485

24,412

17,298

16,992

6,354

8,230

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Maturities/paydowns of investment securities held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

400

1,115

1,190

469

1,580

0

0

0

-

-

-

-

-

-

-

-

-

-

-

1,225

1,225

0

0

0

Sales of investment securities available-for-sale

27,800

31,200

26,900

28,620

15,720

2,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities/paydowns of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,244

31,624

79,806

150,851

215,571

212,300

0

0

0

Sales of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

-

0

0

56,911

-

55,191

40,955

22,653

12,912

19,943

35,606

72,783

61,299

65,868

48,777

13,192

15,237

0

0

0

-

-

-

-

-

-

-

-

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

3,311

2,042

1,663

2,159

2,302

2,693

2,652

2,040

3,414

4,496

4,241

4,013

2,604

1,668

1,940

2,322

2,411

2,153

3,461

5,941

7,896

9,798

10,222

8,623

7,132

6,501

6,664

6,393

5,434

3,859

1,691

794

696

669

0

0

0

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

92,273

113,076

86,881

113,060

184,827

199,282

202,892

113,420

81,036

53,960

19,378

16,442

3,041

22,245

82,304

158,345

225,557

215,173

214,788

177,291

156,727

176,989

164,684

184,586

144,620

101,853

0

0

0

-

-

-

-

-

-

-

-

Gain on sale of portfolio loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

89,996

96,218

96,350

80,934

0

0

0

Purchases of restricted bank stock

50,920

49,600

46,127

34,623

29,588

29,370

23,012

21,770

22,337

20,712

21,319

22,076

22,759

23,933

24,977

26,040

23,754

24,344

23,326

19,032

17,242

13,975

13,810

15,718

13,237

12,226

0

0

0

-

-

-

-

-

-

-

-

Redemptions of restricted bank stock

50,915

45,853

39,735

35,364

30,236

25,681

20,525

18,122

17,959

18,980

23,200

22,864

24,569

26,684

23,484

24,226

23,556

20,972

22,399

18,585

14,663

15,024

13,603

13,632

12,951

8,757

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,484

-14,760

-9,813

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

248

0

0

0

-

-

-

-

-

-

-

-

491

491

491

1,886

17,734

0

0

0

Proceeds from sale of other real estate owned

686

731

1,076

1,042

623

707

362

360

181

0

76

144

144

159

0

0

0

-

-

-

-

-

-

-

0

-

-

-

-

215

0

0

0

-

-

-

-

Adjustment of branch acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Purchase of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

900

900

2,100

0

0

0

Purchase of equity securities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from death benefit of bank owned life insurance policies

0

-

0

0

0

-

0

0

0

-

0

0

50

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of equity securities

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in business combination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net cash provided by (used in) investing activities

-83,107

-120,055

-89,588

-96,576

-185,295

-209,977

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-141,161

-111,086

-109,308

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-192,446

-173,444

-165,916

-158,651

-133,221

-151,436

-218,213

-291,071

-283,793

-244,039

0

0

0

-

-

-

-

-

-

-

-

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

355,387

144,158

77,218

181,869

276,752

149,574

213,987

96,260

17,441

52,563

38,409

32,366

44,898

94,703

108,535

107,576

156,563

120,390

103,237

143,926

111,669

127,416

226,311

215,705

234,376

209,292

148,779

73,598

80,009

95,974

93,346

108,813

89,133

90,111

0

0

0

Net decrease in repurchase agreements

-3,207

-4,753

-6,295

-10,811

-8,123

-7,478

-9,290

-1,954

-1,019

-2,757

-2,147

-3,854

-7,866

-2,277

630

-215

3,439

-5,236

-7,332

-10,258

-45,376

-48,905

-52,253

-46,435

1,737

11,344

16,883

18,636

2,856

-7,601

-8,562

14,098

22,923

30,212

0

0

0

Net change in FHLB & other borrowings

-155,599

-63,532

171,324

-29,846

-92,425

74,999

14,359

54,206

131,853

49,663

-77,773

-49,683

-70,045

-92,184

33,737

36,903

3,183

84,088

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock offering, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,588

15,371

15,424

13,413

23,109

26,823

26,815

27,153

13,734

266

266

-15

6,500

0

0

0

Preferred stock redemption

-

-

-

-

-

-

-

-

-

8,500

8,500

8,500

8,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,834

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Common stock options exercised

2,108

2,164

999

1,163

963

2,129

2,006

1,295

1,250

-10

-10

32

40

32

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on FHLB borrowings

-

-

-

-

-

62,281

26,762

26,760

27,293

15,097

618

623

94

93

93

2,140

2,159

2,177

2,194

163

1,162

1,160

1,159

3,157

154

2,916

-90,638

-55,539

-25,614

232

110,313

89,625

75,613

98,951

0

0

0

Proceeds from new FHLB borrowings

-

-

-

-

-

-

-

-

-

26,682

26,682

26,682

14,483

0

0

0

0

-

-

-

-

-

-

0

0

-

-112,556

-51,345

-21,919

23,065

115,637

89,398

75,389

80,104

0

0

0

Common stock repurchased

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid on common stock

2,958

2,290

1,804

1,566

1,365

1,220

1,133

1,048

1,046

1,033

935

834

735

646

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid on preferred stock

472

479

487

489

489

489

490

490

490

498

688

879

1,071

1,128

959

790

619

575

575

574

453

332

208

85

85

85

85

85

136

136

159

138

65

44

0

0

0

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

159,149

195,401

141,073

184,880

189,262

117,249

230,172

275,202

238,245

257,388

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

253,629

133,898

176,372

90,236

175,217

205,199

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

130,826

119,919

116,099

0

0

0

Increase (decrease) in cash and cash equivalents

70,916

5,781

14,523

-2,741

-5,672

1,916

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-8,532

-10,957

-10,448

-11,793

3,669

14,748

2,181

-944

-37,374

-14,105

-6,067

-9,766

14,027

-2,630

-18,999

14,503

37,072

18,454

39,546

15,299

465

-6,196

9,513

6,050

0

0

0

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

75

115

728

728

712

1,369

867

1,175

1,884

1,164

1,222

914

332

332

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Initial recognition of operating lease right-of-use assets

-

12,935

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease liabilities

-

15,659

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cashless stock options exercised

92

57

0

0

0

-

-

-

-

-

-

-

-

16

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

22,345

22,970

23,057

22,044

19,778

17,277

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on deposits, repurchase agreements and borrowings

-

-

-

-

-

-

-

-

-

-

-

0

10,744

-

10,930

11,137

11,666

11,124

10,787

10,712

9,961

8,953

8,304

6,796

5,868

5,551

4,962

4,897

4,926

4,922

4,846

4,839

4,907

4,958

0

0

0

Income taxes

-

-

-

-

-

-

0

0

0

-

-

-

-

-

0

0

0

-

-

-

-

1,729

0

0

0

-

-

-

-

1,184

1,183

1,161

1,101

1,101

0

0

0