$OVBC
OHIO VALLEY BANC CORP

2021 Q4 Form 10-Q Financial Statement

#000089467121000043 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $11.23M $11.42M
YoY Change -3.01% -6.85%
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 $867.0K $1.314M
YoY Change -41.89% -29.7%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.770M $3.600M $5.760M
YoY Change -51.91% 36.88% 36.82%
Income Tax $470.0K $560.0K $1.060M
% Of Pretax Income 16.97% 15.56% 18.4%
Net Earnings $2.300M $3.040M $4.700M
YoY Change -51.06% 32.52% 34.36%
Net Earnings / Revenue 27.08% 41.17%
Basic Earnings Per Share $0.63 $0.98
Diluted Earnings Per Share $483.2K $636.0K $981.2K
COMMON SHARES
Basic Shares Outstanding 4.771M 4.784M 4.787M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $152.0M $135.1M $138.3M
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 $20.73M $22.00M $21.31M
YoY Change -2.73% -1.35% 10.9%
Goodwill $7.319M $7.319M
YoY Change 0.0% 0.0%
Intangibles $64.00K $112.0K
YoY Change -42.86% -35.63%
Long-Term Investments
YoY Change
Other Assets $400.0K $400.0K $600.0K
YoY Change -33.33% -33.33% -14.29%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.250B $1.245B $1.187B
YoY Change 5.29% 9.45% 17.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $20.40M $21.00M $20.50M
YoY Change -0.49% -5.41% -2.84%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $1.000M $1.600M $3.200M
YoY Change -68.75% -20.0% -11.11%
Total Short-Term Liabilities $21.40M $22.60M $23.70M
YoY Change -9.7% -6.61% -4.05%
LONG-TERM LIABILITIES
Long-Term Debt $9.600M $9.000M $8.500M
YoY Change 12.94% -10.89% -6.59%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $9.600M $9.000M $8.500M
YoY Change 12.94% -10.89% -6.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.40M $22.60M $23.70M
Total Long-Term Liabilities $9.600M $9.000M $8.500M
Total Liabilities $1.108B $1.104B $1.051B
YoY Change 5.5% 9.89% 18.7%
SHAREHOLDERS EQUITY
Retained Earnings $100.7M $92.99M
YoY Change 8.3% 7.19%
Common Stock $56.61M $56.61M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.67M $15.71M
YoY Change 6.07% 0.0%
Treasury Stock Shares $693.9K $676.3K $659.7K
Shareholders Equity $141.4M $140.9M $136.3M
YoY Change
Total Liabilities & Shareholders Equity $1.250B $1.245B $1.187B
YoY Change 5.29% 9.45% 17.14%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income $2.300M $3.040M $4.700M
YoY Change -51.06% 32.52% 34.36%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $5.060M $4.010M $4.960M
YoY Change 2.02% 51.32% -4.25%
INVESTING ACTIVITIES
Capital Expenditures -$290.0K -$400.0K -$350.0K
YoY Change -17.14% -61.9% -75.0%
Acquisitions
YoY Change
Other Investing Activities $9.140M $2.110M $3.840M
YoY Change 138.02% -102.84% -135.07%
Cash From Investing Activities $8.850M $1.720M $3.490M
YoY Change 153.58% -102.28% -128.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.060M 4.110M 46.29M
YoY Change -93.39% -86.89% -523.13%
NET CHANGE
Cash From Operating Activities 5.060M 4.010M 4.960M
Cash From Investing Activities 8.850M 1.720M 3.490M
Cash From Financing Activities 3.060M 4.110M 46.29M
Net Change In Cash 16.97M 9.840M 54.74M
YoY Change -69.0% -123.73% -402.26%
FREE CASH FLOW
Cash From Operating Activities $5.060M $4.010M $4.960M
Capital Expenditures -$290.0K -$400.0K -$350.0K
Free Cash Flow $5.350M $4.410M $5.310M
YoY Change 0.75% 19.19% -19.3%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Address Address Line2
EntityAddressAddressLine2
PO BOX 240
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000894671
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
0-20914
dei Entity Registrant Name
EntityRegistrantName
OHIO VALLEY BANC CORP
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
OH
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
31-1359191
dei Entity Address Address Line1
EntityAddressAddressLine1
420 Third Avenue
dei Entity Address City Or Town
EntityAddressCityOrTown
Gallipolis
dei Entity Address State Or Province
EntityAddressStateOrProvince
OH
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
45631
dei City Area Code
CityAreaCode
740
dei Local Phone Number
LocalPhoneNumber
446-2631
dei Security12b Title
Security12bTitle
Common shares, without par value
dei Trading Symbol
TradingSymbol
OVBC
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2021Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
4770877
CY2021Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
676308
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
659739
CY2021Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
16569
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
458000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
16569
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
458000
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
458000
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
0
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
173000
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0
CY2021Q3 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
858000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4783886
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4787446
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4786246
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4787446
CY2021Q3 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
100000000

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