Call reports 2021
MVB BANK, INC. — 2021
What MVB BANK, INC. reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 2,642,285,000 | 2,741,773,000 | 2,780,178,000 | 2,789,075,000 |
| Total loans | 1,694,385,000 | 1,751,873,000 | 1,764,186,000 | 1,869,838,000 |
| Allowance for loan losses | 26,214,000 | 24,882,000 | 25,187,000 | 18,266,000 |
| Securities available for sale | 422,522,000 | 450,422,000 | 435,174,000 | 416,612,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,221,794,000 | 2,401,437,000 | 2,426,335,000 | 2,405,563,000 |
| Interest-bearing deposits | 1,379,332,000 | 1,431,753,000 | 1,399,612,000 | 1,257,172,000 |
| Noninterest-bearing deposits | 842,462,000 | 969,684,000 | 1,026,723,000 | 1,148,391,000 |
| Equity capital | 271,116,000 | 282,390,000 | 305,162,000 | 321,506,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 19,114,000 | 39,979,000 | 61,339,000 | 84,415,000 |
| Interest expense | 1,091,000 | 2,380,000 | 3,287,000 | 4,114,000 |
| Net interest income | 18,023,000 | 37,599,000 | 58,052,000 | 80,301,000 |
| Noninterest income | 10,786,000 | 23,589,000 | 42,857,000 | 53,874,000 |
| Noninterest expense | 16,515,000 | 38,659,000 | 60,678,000 | 85,684,000 |
| Provision for loan losses | 618,000 | -922,000 | -542,000 | -6,275,000 |
| Pretax income | 13,263,000 | 26,893,000 | 45,246,000 | 59,924,000 |
| Income tax | 2,713,000 | 5,001,000 | 8,896,000 | 11,974,000 |
| Net income | 10,577,000 | 22,003,000 | 36,615,000 | 48,375,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 268,412,000 | 278,492,000 | 302,383,000 | 321,282,000 |