$OVBC
OHIO VALLEY BANC CORP

2021 Q1 Form 10-Q Financial Statement

#000089467121000022 Filed on May 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $11.13M $11.79M
YoY Change -5.59% -9.75%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.078M $1.781M
YoY Change -39.47% 6.58%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $4.252M $1.081M
YoY Change 293.34% -16.07%
Income Tax $721.0K $79.00K
% Of Pretax Income 16.96% 7.31%
Net Earnings $3.531M $1.002M
YoY Change 252.4% -16.01%
Net Earnings / Revenue 31.74% 8.5%
Basic Earnings Per Share $0.74 $0.21
Diluted Earnings Per Share $737.0K $208.8K
COMMON SHARES
Basic Shares Outstanding 4.787M 4.787M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $66.67M
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 $22.30M $20.97M
YoY Change 6.34% 34.99%
Goodwill $7.319M
YoY Change -0.71%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $600.0K $600.0K
YoY Change 0.0% 100.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.225B $1.036B
YoY Change 18.28% -0.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $19.60M $18.50M
YoY Change 5.95% 10.78%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $3.200M $3.500M
YoY Change -8.57% 9.38%
Total Short-Term Liabilities $22.80M $22.00M
YoY Change 3.64% 10.55%
LONG-TERM LIABILITIES
Long-Term Debt $8.500M $9.100M
YoY Change -6.59% -17.27%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $8.500M $9.100M
YoY Change -6.59% -76.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.80M $22.00M
Total Long-Term Liabilities $8.500M $9.100M
Total Liabilities $1.087B $905.3M
YoY Change 20.11% -2.07%
SHAREHOLDERS EQUITY
Retained Earnings $86.75M
YoY Change 7.04%
Common Stock $56.61M
YoY Change 1.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.71M
YoY Change 0.0%
Treasury Stock Shares $659.7K
Shareholders Equity $137.7M $130.5M
YoY Change
Total Liabilities & Shareholders Equity $1.225B $1.036B
YoY Change 18.28% -0.86%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $3.531M $1.002M
YoY Change 252.4% -16.01%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $690.0K $1.819M
YoY Change -62.07% 33.95%
INVESTING ACTIVITIES
Capital Expenditures -$180.0K $2.049M
YoY Change -108.78% 64.45%
Acquisitions
YoY Change
Other Investing Activities $900.0K -$7.340M
YoY Change -112.26% -31.14%
Cash From Investing Activities $720.0K -$9.384M
YoY Change -107.67% -21.16%
FINANCING ACTIVITIES
Cash Dividend Paid $1.005M
YoY Change 1.01%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 36.71M 21.88M
YoY Change 67.78% 78.45%
NET CHANGE
Cash From Operating Activities 690.0K 1.819M
Cash From Investing Activities 720.0K -9.384M
Cash From Financing Activities 36.71M 21.88M
Net Change In Cash 38.12M 14.32M
YoY Change 166.29% 733.72%
FREE CASH FLOW
Cash From Operating Activities $690.0K $1.819M
Capital Expenditures -$180.0K $2.049M
Free Cash Flow $870.0K -$230.0K
YoY Change -478.26% -305.36%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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OHIO VALLEY BANC CORP
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ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2431000
CY2021Q1 ovbc Collateral Dependent Loans Valuation Allowance
CollateralDependentLoansValuationAllowance
90000
CY2021Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
90000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
0
CY2021Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
854000
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
0
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0
CY2020Q4 us-gaap Other Real Estate
OtherRealEstate
0
CY2021Q1 us-gaap Other Real Estate
OtherRealEstate
0
CY2020Q1 us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
0
CY2021Q1 us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
0
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
10308000
CY2021Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
317000
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
53578000
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
712000
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
14517000
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
4000
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0
CY2021Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
831050000
CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
848664000
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6887000
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7160000
CY2021Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
824163000
CY2020Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
841504000
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7160000
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-52000
CY2021Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
441000
CY2021Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
220000
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6887000
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6272000
CY2020Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
3846000
CY2020Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
1636000
CY2020Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
247000
CY2020Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8729000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
90000
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6887000
CY2021Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
831050000
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7160000
CY2020Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
837638000
CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
848664000
CY2021Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
9915000
CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
6503000
CY2021Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
9163000
CY2021Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
821887000
CY2021Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
831050000
CY2020Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
10807000
CY2020Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
837857000
CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
848664000
CY2020Q4 ovbc Troubled Debt Restructuring Loans And Leases Receivable Specific Allowance
TroubledDebtRestructuringLoansAndLeasesReceivableSpecificAllowance
0
CY2021Q1 ovbc Troubled Debt Restructuring Loans And Leases Receivable Specific Allowance
TroubledDebtRestructuringLoansAndLeasesReceivableSpecificAllowance
0
CY2021Q1 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
2465000
CY2020Q4 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
1100000
CY2021Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2020Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2021Q1 ovbc Financing Receivable Troubled Debt Restructuring Number Of Contracts Occurred
FinancingReceivableTroubledDebtRestructuringNumberOfContractsOccurred
0
CY2020Q1 ovbc Financing Receivable Troubled Debt Restructuring Number Of Contracts Occurred
FinancingReceivableTroubledDebtRestructuringNumberOfContractsOccurred
0
CY2021Q1 us-gaap Other Borrowings
OtherBorrowings
26691000
CY2021Q1 ovbc Number Of Promissory Notes Payable To Related Parties
NumberOfPromissoryNotesPayableToRelatedParties
6
CY2020 ovbc Number Of Promissory Notes Payable To Related Parties
NumberOfPromissoryNotesPayableToRelatedParties
6
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2542000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2173000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1897000
CY2021Q1 ovbc Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
12236000
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-52000
CY2020Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
3846000

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