2013 Q4 Form 10-Q Financial Statement

#000110465913084689 Filed on November 14, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $6.014M $5.618M
YoY Change 7.05%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $279.0K $173.0K
YoY Change 61.27%
% of Gross Profit
Depreciation & Amortization $200.0K $300.0K $100.0K
YoY Change 100.0% 200.0% 0.0%
% of Gross Profit
Operating Expenses $279.0K $173.0K
YoY Change 61.27%
Operating Profit
YoY Change
Interest Expense $1.302M $1.225M
YoY Change 6.29%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $740.0K $850.0K $1.450M
YoY Change -64.76% -41.38% 55.91%
Income Tax $150.0K $93.00K $402.0K
% Of Pretax Income 20.27% 10.94% 27.72%
Net Earnings $590.0K $757.0K $1.048M
YoY Change -59.03% -27.77% 56.42%
Net Earnings / Revenue 12.59% 18.65%
Basic Earnings Per Share $0.21 $0.47
Diluted Earnings Per Share $79.73K $0.21 $0.46
COMMON SHARES
Basic Shares Outstanding 3.456M shares 3.454M shares 2.196M shares
Diluted Shares Outstanding 3.570M shares 2.246M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $39.84M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $16.92M $14.96M $8.800M
YoY Change 49.01% 69.97% 14.29%
Goodwill $17.78M $17.62M
YoY Change 0.89%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $987.1M $853.1M $613.6M
YoY Change 35.81% 39.04% 17.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.900M $7.700M $3.000M
YoY Change 2.99% 156.67% 30.43%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $179.6M $86.10M $69.30M
YoY Change 92.51% 24.24% -10.93%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.900M $7.700M $3.000M
YoY Change 2.99% 156.67% 30.43%
LONG-TERM LIABILITIES
Long-Term Debt $4.100M $4.100M $4.100M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.100M $4.100M $4.100M
YoY Change 0.0% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.900M $7.700M $3.000M
Total Long-Term Liabilities $4.100M $4.100M $4.100M
Total Liabilities $893.0M $770.2M $562.8M
YoY Change 35.47% 36.85% 19.24%
SHAREHOLDERS EQUITY
Retained Earnings $13.34M $12.92M
YoY Change 34.17%
Common Stock $77.31M $65.51M
YoY Change 49.58%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.167M $1.084M
YoY Change 99.91%
Treasury Stock Shares 102.2K shares 51.08K shares
Shareholders Equity $94.02M $82.95M $50.80M
YoY Change
Total Liabilities & Shareholders Equity $987.1M $853.1M $613.6M
YoY Change 35.81% 39.04% 17.95%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $590.0K $757.0K $1.048M
YoY Change -59.03% -27.77% 56.42%
Depreciation, Depletion And Amortization $200.0K $300.0K $100.0K
YoY Change 100.0% 200.0% 0.0%
Cash From Operating Activities -$40.00M $29.80M $0.00
YoY Change 127.27% -100.0%
INVESTING ACTIVITIES
Capital Expenditures -$2.200M -$1.500M -$1.200M
YoY Change -8.33% 25.0% 500.0%
Acquisitions
YoY Change
Other Investing Activities -$100.3M -$81.90M -$23.50M
YoY Change 611.35% 248.51% -67.45%
Cash From Investing Activities -$102.5M -$83.30M -$24.70M
YoY Change 525.0% 237.25% -65.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 134.0M 71.20M 23.90M
YoY Change 179.17% 197.91% -63.17%
NET CHANGE
Cash From Operating Activities -40.00M 29.80M 0.000
Cash From Investing Activities -102.5M -83.30M -24.70M
Cash From Financing Activities 134.0M 71.20M 23.90M
Net Change In Cash -8.500M 17.70M -800.0K
YoY Change -160.71% -2312.5% -89.47%
FREE CASH FLOW
Cash From Operating Activities -$40.00M $29.80M $0.00
Capital Expenditures -$2.200M -$1.500M -$1.200M
Free Cash Flow -$37.80M $31.30M $1.200M
YoY Change 148.68% 2508.33% 1100.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
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dei Entity Voluntary Filers
EntityVoluntaryFilers
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dei Entity Current Reporting Status
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dei Entity Registrant Name
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MVB FINANCIAL CORP
dei Entity Central Index Key
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0001277902
dei Document Type
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dei Entity Filer Category
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us-gaap Basis Of Accounting
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Note 1 &#8212; Basis of Presentation</font></b></p> <p style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple;" align="center">&#160;</p> <p style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">These consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with instructions to Form&#160;10-Q.&#160; Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for annual year-end financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation, have been included and are of a normal, recurring nature. The balance sheet as of December&#160;31, 2012 has been derived from the audited financial statements at that date, but does not include all of the information and footnotes required by generally accepted accounting principles.&#160; Operating results for the nine and three months ended September&#160;30, 2013 are not necessarily indicative of the results that may be expected for the year ending December&#160;31, 2013.</font></p> <p style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple;" align="center">&#160;</p> <p style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The accounting and reporting policies of MVB Financial Corp. (&#8220;MVB&#8221;) and its subsidiaries (&#8220;Subsidiaries&#8221;), including MVB Bank,&#160;Inc. (the &#8220;Bank&#8221;), the Bank&#8217;s subsidiary Potomac Mortgage Group,&#160;Inc. (&#8220;PMG&#8221; which, following July&#160;15, 2013, is doing business under the registered trade name &#8220;MVB Mortgage&#8221;), and MVB Insurance, LLC, conform to accounting principles generally accepted in the United States and practices in the banking industry. The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Estimates, such as the allowance for loan losses, are based upon known facts and circumstances. Estimates are revised by management in the period such facts and circumstances change.&#160; Actual results could differ from those estimates. All significant inter-company accounts and transactions have been eliminated in consolidation.</font></p> <p style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple;" align="center">&#160;</p> <p style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The consolidated balance sheet as of December&#160;31, 2012 has been extracted from audited financial statements included in the Company&#8217;s 2012 filing on Form&#160;10-K and the amended filing on Form&#160;10-K/A. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been omitted. These financial statements should be read in conjunction with the financial statements and notes thereto included in MVB&#8217;s December&#160;31, 2012, Form&#160;10-K and subsequent amended Form&#160;10-K/A filed with the Securities and Exchange Commission.</font></p> <p style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple;" align="center">&#160;</p> <p style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Information is presented in these notes with dollars expressed in thousands, unless otherwise noted or specified.</font></p> <p style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple;">&#160;</p> </div>
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PaymentsForOriginationOfMortgageLoansHeldForSale
777016000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
87014000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
834275000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
89278000 USD
us-gaap Gain Loss On Sales Of Consumer Loans
GainLossOnSalesOfConsumerLoans
18385000 USD
us-gaap Gain Loss On Sales Of Consumer Loans
GainLossOnSalesOfConsumerLoans
1686000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-2000 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
82000 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
186000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
423000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
888000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
890000 USD
mvbf Increase Decrease In Interest Receivable And Other Assets
IncreaseDecreaseInInterestReceivableAndOtherAssets
5774000 USD
mvbf Increase Decrease In Interest Receivable And Other Assets
IncreaseDecreaseInInterestReceivableAndOtherAssets
-652000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
939000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-435000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
39576000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
6682000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
77084000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
73871000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4264000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1459000 USD
mvbf Increase Decrease In Federal Home Loan Bank And Federal Reserve Bank Deposits
IncreaseDecreaseInFederalHomeLoanBankAndFederalReserveBankDeposits
17668000 USD
mvbf Increase Decrease In Federal Home Loan Bank And Federal Reserve Bank Deposits
IncreaseDecreaseInFederalHomeLoanBankAndFederalReserveBankDeposits
3496000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
47807000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
28022000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
14540000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
42842000 USD
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
115000 USD
us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
24000 USD
us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
30000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
20042000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
19436000 USD
us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
157000 USD
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
5079000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-157537000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
776000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
768000 USD
CY2013Q3 mvbf Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
9943000 USD
CY2013Q3 mvbf Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
495000 USD
CY2012Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4393000 USD
CY2013Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4828000 USD
mvbf Minimum Threshold For Performing Annual Review
MinimumThresholdForPerformingAnnualReview
750000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-82806000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
133491000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
80686000 USD
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
15913000 USD
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
-8571000 USD
us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
410418000 USD
us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
99127000 USD
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
449789000 USD
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
93747000 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
13707000 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
266000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
241000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
153000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
64000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
115000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
123435000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
77493000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5474000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1369000 USD
us-gaap Interest Paid
InterestPaid
3691000 USD
us-gaap Interest Paid
InterestPaid
3651000 USD
CY2011Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
9763000 USD
CY2012Q3 us-gaap Cash And Due From Banks
CashAndDueFromBanks
11132000 USD
CY2013Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
326000 USD
CY2012Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
775000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
11795000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
10614000 USD
CY2013Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4386000 USD
CY2012Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
3618000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
489000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
536000 USD
CY2013Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
183000 USD
CY2012Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
197000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
342000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
231000 USD
CY2013Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
118000 USD
CY2012Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
75000 USD
us-gaap Fees And Commissions Debit Cards
FeesAndCommissionsDebitCards
410000 USD
us-gaap Fees And Commissions Debit Cards
FeesAndCommissionsDebitCards
345000 USD
CY2013Q3 us-gaap Fees And Commissions Debit Cards
FeesAndCommissionsDebitCards
148000 USD
CY2012Q3 us-gaap Fees And Commissions Debit Cards
FeesAndCommissionsDebitCards
120000 USD
us-gaap Interest And Fee Income Loans And Leases Held For Sale
InterestAndFeeIncomeLoansAndLeasesHeldForSale
18385000 USD
us-gaap Interest And Fee Income Loans And Leases Held For Sale
InterestAndFeeIncomeLoansAndLeasesHeldForSale
1686000 USD
CY2013Q3 us-gaap Interest And Fee Income Loans And Leases Held For Sale
InterestAndFeeIncomeLoansAndLeasesHeldForSale
5623000 USD
CY2012Q3 us-gaap Interest And Fee Income Loans And Leases Held For Sale
InterestAndFeeIncomeLoansAndLeasesHeldForSale
618000 USD
mvbf Capitalized Servicing Retained Income
CapitalizedServicingRetainedIncome
749000 USD
CY2013Q3 mvbf Capitalized Servicing Retained Income
CapitalizedServicingRetainedIncome
93000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
2153000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1006000 USD
CY2013Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
750000 USD
CY2012Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
560000 USD
us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
82000 USD
us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
186000 USD
CY2012Q3 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
113000 USD
CY2013Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-276000 USD
us-gaap Noninterest Income
NoninterestIncome
24440000 USD
us-gaap Noninterest Income
NoninterestIncome
3990000 USD
CY2013Q3 us-gaap Noninterest Income
NoninterestIncome
8046000 USD
CY2012Q3 us-gaap Noninterest Income
NoninterestIncome
1683000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
20872000 USD
mvbf Loan Portfolio Internal Risk Rating System Points Number
LoanPortfolioInternalRiskRatingSystemPointsNumber
9 item
mvbf Loan Portfolio Internal Risk Rating System Considered As Not Criticized Categories Number
LoanPortfolioInternalRiskRatingSystemConsideredAsNotCriticizedCategoriesNumber
6 item
mvbf Maximum Period Above Which Loans Past Due Are Considered Substandard
MaximumPeriodAboveWhichLoansPastDueAreConsideredSubstandard
P90D
mvbf Number Of Rolling Quarters Utilized By Loan Portfolio
NumberOfRollingQuartersUtilizedByLoanPortfolio
12 item
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.07
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.07
us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
626000 USD
CY2013Q3 us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
626000 USD
CY2013Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.00
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2488000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-411000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-411000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
781000 USD
CY2012Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.00
CY2013Q3 us-gaap Pledged Financial Instruments Not Separately Reported Securities Pledged
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
159537000 USD
CY2012Q3 us-gaap Pledged Financial Instruments Not Separately Reported Securities Pledged
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged
84301000 USD

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