Call reports 2016
MVB BANK, INC. — 2016
What MVB BANK, INC. reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,430,295,000 | 1,482,761,000 | 1,465,928,000 | 1,415,232,000 |
| Total loans | 1,174,481,000 | 1,219,177,000 | 1,199,182,000 | 1,143,040,000 |
| Allowance for loan losses | 8,447,000 | 9,091,000 | 9,150,000 | 9,101,000 |
| Securities available for sale | 134,301,000 | 138,158,000 | 151,075,000 | 161,171,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,095,846,000 | 1,073,617,000 | 1,130,752,000 | 1,114,716,000 |
| Interest-bearing deposits | 1,004,965,000 | 970,891,000 | 1,020,992,000 | 991,325,000 |
| Noninterest-bearing deposits | 90,881,000 | 102,726,000 | 109,760,000 | 123,391,000 |
| Equity capital | 142,639,000 | 151,591,000 | 153,125,000 | 168,325,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 13,677,000 | 27,176,000 | 40,812,000 | 54,561,000 |
| Interest expense | 2,313,000 | 4,420,000 | 6,655,000 | 8,905,000 |
| Net interest income | 11,364,000 | 22,756,000 | 34,157,000 | 45,656,000 |
| Noninterest income | 8,107,000 | 19,814,000 | 31,628,000 | 41,589,000 |
| Noninterest expense | 14,906,000 | 31,597,000 | 49,037,000 | 65,213,000 |
| Provision for loan losses | 625,000 | 1,900,000 | 2,975,000 | 3,632,000 |
| Pretax income | 4,250,000 | 9,606,000 | 14,785,000 | 19,412,000 |
| Income tax | 1,395,000 | 3,208,000 | 4,939,000 | 6,450,000 |
| Net income | 2,855,000 | 6,398,000 | 9,846,000 | 12,962,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 125,794,000 | 133,988,000 | 136,206,000 | 153,737,000 |
| Total capital | 134,258,000 | 143,107,000 | 145,374,000 | 163,394,000 |
| Risk-weighted assets | 1,169,216,000 | 1,168,643,000 | 1,181,503,000 | 1,130,271,000 |