Call reports 2022
MVB BANK, INC. — 2022
What MVB BANK, INC. reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 2,887,766,000 | 2,978,560,000 | 3,135,060,000 | 3,029,565,000 |
| Total loans | 1,907,014,000 | 2,226,969,000 | 2,491,372,000 | 2,382,542,000 |
| Allowance for loan losses | 18,808,000 | 22,734,000 | 26,515,000 | 23,837,000 |
| Securities available for sale | 390,248,000 | 371,692,000 | 361,838,000 | 374,910,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,529,701,000 | 2,631,299,000 | 2,712,366,000 | 2,601,568,000 |
| Interest-bearing deposits | 1,244,604,000 | 1,309,509,000 | 1,336,462,000 | 1,389,660,000 |
| Noninterest-bearing deposits | 1,285,097,000 | 1,321,790,000 | 1,375,904,000 | 1,211,908,000 |
| Equity capital | 312,033,000 | 304,277,000 | 297,740,000 | 277,050,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 23,286,000 | 51,289,000 | 85,181,000 | 125,972,000 |
| Interest expense | 664,000 | 1,344,000 | 4,669,000 | 11,035,000 |
| Net interest income | 22,622,000 | 49,945,000 | 80,512,000 | 114,937,000 |
| Noninterest income | 11,337,000 | 23,200,000 | 31,637,000 | 39,269,000 |
| Noninterest expense | 25,490,000 | 51,662,000 | 78,076,000 | 103,501,000 |
| Provision for loan losses | 1,280,000 | 6,380,000 | 11,500,000 | 14,194,000 |
| Pretax income | 7,928,000 | 15,709,000 | 23,118,000 | 35,659,000 |
| Income tax | 1,774,000 | 3,448,000 | 4,685,000 | 7,599,000 |
| Net income | 6,347,000 | 12,619,000 | 18,954,000 | 28,720,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 325,336,000 | 329,914,000 | 333,745,000 | 307,936,000 |