Call reports 2024
MVB BANK, INC. — 2024
What MVB BANK, INC. reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 3,517,742,000 | 3,250,788,000 | 3,380,266,000 | 3,087,043,000 |
| Total loans | 2,267,310,000 | 2,206,793,000 | 2,171,273,000 | 2,100,132,000 |
| Allowance for loan losses | 22,804,000 | 22,084,000 | 21,499,000 | 19,663,000 |
| Securities available for sale | 347,278,000 | 358,854,000 | 372,928,000 | 410,239,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,154,925,000 | 2,891,688,000 | 3,008,651,000 | 2,706,261,000 |
| Interest-bearing deposits | 1,754,259,000 | 1,899,043,000 | 2,012,504,000 | 1,752,621,000 |
| Noninterest-bearing deposits | 1,400,666,000 | 992,645,000 | 996,147,000 | 953,640,000 |
| Equity capital | 320,101,000 | 316,978,000 | 325,705,000 | 320,441,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 50,050,000 | 96,211,000 | 142,873,000 | 185,965,000 |
| Interest expense | 18,927,000 | 36,562,000 | 55,794,000 | 73,147,000 |
| Net interest income | 31,123,000 | 59,649,000 | 87,079,000 | 112,818,000 |
| Noninterest income | 8,135,000 | 15,187,000 | 18,677,000 | 37,153,000 |
| Noninterest expense | 26,216,000 | 51,397,000 | 74,941,000 | 102,824,000 |
| Provision for loan losses | 1,996,000 | 2,126,000 | 2,252,000 | 1,940,000 |
| Pretax income | 11,912,000 | 22,069,000 | 29,483,000 | 46,706,000 |
| Income tax | 2,642,000 | 5,021,000 | 6,618,000 | 10,615,000 |
| Net income | 9,250,000 | 16,968,000 | 22,708,000 | 35,937,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 349,755,000 | 344,365,000 | 347,237,000 | 348,175,000 |