Call reports 2020
MVB BANK, INC. — 2020
What MVB BANK, INC. reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 2,092,598,000 | 2,210,986,000 | 2,210,724,000 | 2,327,778,000 |
| Total loans | 1,617,912,000 | 1,736,761,000 | 1,430,864,000 | 1,454,806,000 |
| Allowance for loan losses | 11,161,000 | 17,742,000 | 25,913,000 | 25,844,000 |
| Securities available for sale | 222,701,000 | 220,298,000 | 297,464,000 | 410,024,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,786,471,000 | 1,866,188,000 | 1,902,521,000 | 1,997,955,000 |
| Interest-bearing deposits | 1,376,519,000 | 1,335,436,000 | 1,256,121,000 | 1,266,598,000 |
| Noninterest-bearing deposits | 409,952,000 | 530,752,000 | 646,400,000 | 731,357,000 |
| Equity capital | 209,472,000 | 225,293,000 | 231,265,000 | 265,679,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 20,955,000 | 42,850,000 | 61,598,000 | 81,000,000 |
| Interest expense | 4,494,000 | 7,786,000 | 10,383,000 | 12,901,000 |
| Net interest income | 16,461,000 | 35,064,000 | 51,215,000 | 68,099,000 |
| Noninterest income | 10,205,000 | 55,045,000 | 74,231,000 | 91,550,000 |
| Noninterest expense | 22,541,000 | 53,159,000 | 68,831,000 | 87,182,000 |
| Provision for loan losses | 1,138,000 | 7,734,000 | 16,365,000 | 16,579,000 |
| Pretax income | 3,263,000 | 30,046,000 | 41,278,000 | 57,059,000 |
| Income tax | 663,000 | 7,343,000 | 10,032,000 | 11,614,000 |
| Net income | 2,600,000 | 22,703,000 | 31,246,000 | 45,445,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 188,792,000 | 205,546,000 | 223,369,000 | 251,565,000 |
| Total capital | 200,485,000 | 223,820,000 | 244,444,000 | 273,318,000 |
| Risk-weighted assets | 1,664,689,000 | 1,678,885,000 | 1,676,422,000 | 1,728,462,000 |