Call reports 2023
MVB BANK, INC. — 2023
What MVB BANK, INC. reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 3,505,453,000 | 3,316,746,000 | 3,398,088,000 | 3,273,441,000 |
| Total loans | 2,381,046,000 | 2,319,396,000 | 2,278,036,000 | 2,318,222,000 |
| Allowance for loan losses | 35,513,000 | 30,294,000 | 24,276,000 | 22,124,000 |
| Securities available for sale | 334,674,000 | 326,737,000 | 309,137,000 | 342,875,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,167,570,000 | 2,973,584,000 | 3,049,802,000 | 2,910,450,000 |
| Interest-bearing deposits | 2,016,558,000 | 1,971,384,000 | 1,944,986,000 | 1,704,204,000 |
| Noninterest-bearing deposits | 1,151,012,000 | 1,002,200,000 | 1,104,816,000 | 1,206,246,000 |
| Equity capital | 299,464,000 | 303,436,000 | 302,836,000 | 319,436,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 44,811,000 | 91,971,000 | 140,326,000 | 190,061,000 |
| Interest expense | 11,074,000 | 27,518,000 | 44,977,000 | 62,587,000 |
| Net interest income | 33,737,000 | 64,453,000 | 95,349,000 | 127,474,000 |
| Noninterest income | 2,924,000 | 7,030,000 | 12,398,000 | 17,302,000 |
| Noninterest expense | 22,927,000 | 49,151,000 | 76,370,000 | 101,536,000 |
| Provision for loan losses | 4,455,000 | 469,000 | 310,000 | -1,317,000 |
| Pretax income | 7,314,000 | 19,592,000 | 29,308,000 | 43,350,000 |
| Income tax | 1,407,000 | 3,834,000 | 6,048,000 | 9,396,000 |
| Net income | 14,812,000 | 24,775,000 | 32,273,000 | 42,961,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 330,980,000 | 338,227,000 | 343,602,000 | 348,760,000 |