2023 Q4 Form 10-Q Financial Statement
#000177878423000044 Filed on November 13, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
Revenue | $23.23M | |
YoY Change | 12.17% | |
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 | $275.0K | $280.0K |
YoY Change | -2.83% | 1.82% |
% of Gross Profit | ||
Operating Expenses | ||
YoY Change | ||
Operating Profit | ||
YoY Change | ||
Interest Expense | $9.340M | |
YoY Change | 881.09% | |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $3.990M | $3.094M |
YoY Change | -10.28% | -106.55% |
Income Tax | $1.066M | $628.0K |
% Of Pretax Income | 26.72% | 20.3% |
Net Earnings | $2.924M | $2.466M |
YoY Change | 8.42% | -106.98% |
Net Earnings / Revenue | 10.62% | |
Basic Earnings Per Share | $0.15 | |
Diluted Earnings Per Share | $0.18 | $0.15 |
COMMON SHARES | ||
Basic Shares Outstanding | 17.68M | 17.69M |
Diluted Shares Outstanding | 16.65M |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $220.3M | $366.4M |
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 | $16.77M | $13.19M |
YoY Change | -4.31% | -4.21% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $14.46M | $15.60M |
YoY Change | -13.89% | |
Total Long-Term Assets | ||
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | ||
Total Long-Term Assets | ||
Total Assets | $1.670B | $1.808B |
YoY Change | 2.07% | 1.96% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | $4.171M | $4.200M |
YoY Change | -2.59% | -2.51% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $95.00M | $80.00M |
YoY Change | -12.44% | 19.4% |
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $4.171M | $4.200M |
YoY Change | -2.59% | -2.51% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $8.317M | $7.200M |
YoY Change | -54.17% | -46.22% |
Total Long-Term Liabilities | $8.317M | $7.200M |
YoY Change | -54.17% | -46.22% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $4.171M | $4.200M |
Total Long-Term Liabilities | $8.317M | $7.200M |
Total Liabilities | $1.448B | $1.591B |
YoY Change | 1.37% | 1.35% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $106.3M | $103.4M |
YoY Change | 12.32% | 12.45% |
Common Stock | $177.0K | $177.0K |
YoY Change | 0.0% | 0.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $221.9M | $217.6M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.670B | $1.808B |
YoY Change | 2.07% | 1.96% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $2.924M | $2.466M |
YoY Change | 8.42% | -106.98% |
Depreciation, Depletion And Amortization | $275.0K | $280.0K |
YoY Change | -2.83% | 1.82% |
Cash From Operating Activities | $5.572M | -$3.850M |
YoY Change | 43.53% | -132.21% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $39.00K | $20.00K |
YoY Change | -30.36% | -117.86% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$8.001M | $20.79M |
YoY Change | -112.02% | -167.7% |
Cash From Investing Activities | -$8.030M | $20.76M |
YoY Change | -112.08% | -167.36% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -143.6M | 51.61M |
YoY Change | -1.42% | 158.32% |
NET CHANGE | ||
Cash From Operating Activities | 5.572M | -3.850M |
Cash From Investing Activities | -8.030M | 20.76M |
Cash From Financing Activities | -143.6M | 51.61M |
Net Change In Cash | -146.0M | 68.52M |
YoY Change | 93.98% | 6072.97% |
FREE CASH FLOW | ||
Cash From Operating Activities | $5.572M | -$3.850M |
Capital Expenditures | $39.00K | $20.00K |
Free Cash Flow | $5.533M | -$3.870M |
YoY Change | 44.62% | -132.08% |
Facts In Submission
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CustomerServiceFeesOnDepositAccounts
|
2651000 | ||
pvbc |
Customer Service Fees On Deposit Accounts
CustomerServiceFeesOnDepositAccounts
|
1989000 | ||
CY2023Q3 | pvbc |
Service Charges And Fees Other
ServiceChargesAndFeesOther
|
511000 | |
CY2022Q3 | pvbc |
Service Charges And Fees Other
ServiceChargesAndFeesOther
|
222000 | |
pvbc |
Service Charges And Fees Other
ServiceChargesAndFeesOther
|
1489000 | ||
pvbc |
Service Charges And Fees Other
ServiceChargesAndFeesOther
|
1050000 | ||
CY2023Q3 | pvbc |
Bank Owned Life Insurance Income Including Death Benefit
BankOwnedLifeInsuranceIncomeIncludingDeathBenefit
|
284000 | |
CY2022Q3 | pvbc |
Bank Owned Life Insurance Income Including Death Benefit
BankOwnedLifeInsuranceIncomeIncludingDeathBenefit
|
264000 | |
pvbc |
Bank Owned Life Insurance Income Including Death Benefit
BankOwnedLifeInsuranceIncomeIncludingDeathBenefit
|
822000 | ||
pvbc |
Bank Owned Life Insurance Income Including Death Benefit
BankOwnedLifeInsuranceIncomeIncludingDeathBenefit
|
778000 | ||
CY2022Q3 | us-gaap |
Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
|
-12000 | |
us-gaap |
Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
|
272000 | ||
CY2023Q3 | us-gaap |
Other Income
OtherIncome
|
67000 | |
CY2022Q3 | us-gaap |
Other Income
OtherIncome
|
76000 | |
us-gaap |
Other Income
OtherIncome
|
452000 | ||
us-gaap |
Other Income
OtherIncome
|
122000 | ||
CY2023Q3 | us-gaap |
Noninterest Income
NoninterestIncome
|
1765000 | |
CY2022Q3 | us-gaap |
Noninterest Income
NoninterestIncome
|
1339000 | |
us-gaap |
Noninterest Income
NoninterestIncome
|
5414000 | ||
us-gaap |
Noninterest Income
NoninterestIncome
|
4211000 | ||
CY2023Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
7776000 | |
CY2022Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
7653000 | |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
24429000 | ||
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
22164000 | ||
CY2023Q3 | us-gaap |
Occupancy Net
OccupancyNet
|
429000 | |
CY2022Q3 | us-gaap |
Occupancy Net
OccupancyNet
|
450000 | |
us-gaap |
Occupancy Net
OccupancyNet
|
1271000 | ||
us-gaap |
Occupancy Net
OccupancyNet
|
1287000 | ||
CY2023Q3 | us-gaap |
Equipment Expense
EquipmentExpense
|
148000 | |
CY2022Q3 | us-gaap |
Equipment Expense
EquipmentExpense
|
147000 | |
us-gaap |
Equipment Expense
EquipmentExpense
|
443000 | ||
us-gaap |
Equipment Expense
EquipmentExpense
|
428000 | ||
CY2023Q3 | pvbc |
Deposit Insurance
DepositInsurance
|
500000 | |
CY2022Q3 | pvbc |
Deposit Insurance
DepositInsurance
|
161000 | |
pvbc |
Deposit Insurance
DepositInsurance
|
1146000 | ||
pvbc |
Deposit Insurance
DepositInsurance
|
466000 | ||
CY2023Q3 | us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
378000 | |
CY2022Q3 | us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
347000 | |
us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
1113000 | ||
us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
1026000 | ||
CY2023Q3 | us-gaap |
Marketing Expense
MarketingExpense
|
203000 | |
CY2022Q3 | us-gaap |
Marketing Expense
MarketingExpense
|
66000 | |
us-gaap |
Marketing Expense
MarketingExpense
|
447000 | ||
us-gaap |
Marketing Expense
MarketingExpense
|
263000 | ||
CY2023Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
1034000 | |
CY2022Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
736000 | |
us-gaap |
Professional Fees
ProfessionalFees
|
3356000 | ||
us-gaap |
Professional Fees
ProfessionalFees
|
2173000 | ||
CY2023Q3 | us-gaap |
Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
|
178000 | |
CY2022Q3 | us-gaap |
Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
|
255000 | |
us-gaap |
Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
|
542000 | ||
us-gaap |
Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
|
776000 | ||
CY2023Q3 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
509000 | |
CY2022Q3 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
398000 | |
us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
1409000 | ||
us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
1019000 | ||
CY2023Q3 | us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
451000 | |
CY2022Q3 | us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
448000 | |
us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
1353000 | ||
us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
1343000 | ||
CY2023Q3 | pvbc |
Service Fees
ServiceFees
|
272000 | |
CY2022Q3 | pvbc |
Service Fees
ServiceFees
|
255000 | |
pvbc |
Service Fees
ServiceFees
|
789000 | ||
pvbc |
Service Fees
ServiceFees
|
688000 | ||
pvbc |
Write Down Of Other Assets And Receivables
WriteDownOfOtherAssetsAndReceivables
|
395000 | ||
CY2023Q3 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
837000 | |
CY2022Q3 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
1128000 | |
us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
2379000 | ||
us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
2734000 | ||
CY2023Q3 | us-gaap |
Noninterest Expense
NoninterestExpense
|
12715000 | |
CY2022Q3 | us-gaap |
Noninterest Expense
NoninterestExpense
|
12044000 | |
us-gaap |
Noninterest Expense
NoninterestExpense
|
38677000 | ||
us-gaap |
Noninterest Expense
NoninterestExpense
|
34762000 | ||
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3094000 | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-47265000 | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
10787000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-31705000 | ||
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
628000 | |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-11956000 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2757000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-7540000 | ||
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2466000 | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-35309000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
8030000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-24165000 | ||
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.15 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.15 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.48 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.47 | ||
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.15 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.15 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.48 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.47 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16604886 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16456274 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16568331 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16477933 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16648657 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16456274 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16569526 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16477933 | ||
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2466000 | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-35309000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
8030000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-24165000 | ||
CY2023Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-644000 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-1009000 | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-244000 | ||
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-4010000 | ||
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
-644000 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
-1009000 | |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
-244000 | ||
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
-4010000 | ||
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
-142000 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
-231000 | |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
-51000 | ||
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
-927000 | ||
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-502000 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-778000 | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-193000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-3083000 | ||
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1964000 | |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-36087000 | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
7837000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-27248000 | ||
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
215072000 | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2466000 | |
CY2023Q3 | pvbc |
Dividends Forfeited
DividendsForfeited
|
1000 | |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-502000 | |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
329000 | |
CY2023Q3 | pvbc |
Shares Surrendered During Period Value Related To Tax Withholdings On Restricted Stock Awards
SharesSurrenderedDuringPeriodValueRelatedToTaxWithholdingsOnRestrictedStockAwards
|
8000 | |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
-9000 | |
CY2023Q3 | us-gaap |
Amortization Of Esop Award
AmortizationOfESOPAward
|
213000 | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
217580000 | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
239909000 | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-35309000 | |
CY2022Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.04 | |
CY2022Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
666000 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-778000 | |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
480000 | |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
-8000 | |
CY2022Q3 | us-gaap |
Amortization Of Esop Award
AmortizationOfESOPAward
|
334000 | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
203978000 | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
207542000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
8030000 | ||
pvbc |
Dividends Forfeited
DividendsForfeited
|
5000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-193000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
981000 | ||
pvbc |
Shares Surrendered During Period Value Related To Tax Withholdings On Restricted Stock Awards
SharesSurrenderedDuringPeriodValueRelatedToTaxWithholdingsOnRestrictedStockAwards
|
31000 | ||
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
18000 | ||
us-gaap |
Amortization Of Esop Award
AmortizationOfESOPAward
|
568000 | ||
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
217580000 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
233782000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-24165000 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.08 | ||
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
2007000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-3083000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1393000 | ||
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
2860000 | ||
pvbc |
Shares Surrendered During Period Value Related To Tax Withholdings On Restricted Stock Awards
SharesSurrenderedDuringPeriodValueRelatedToTaxWithholdingsOnRestrictedStockAwards
|
40000 | ||
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
108000 | ||
us-gaap |
Amortization Of Esop Award
AmortizationOfESOPAward
|
1066000 | ||
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
203978000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
8030000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-24165000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-119000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-146000 | ||
us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
568000 | ||
us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
1066000 | ||
us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
1273000 | ||
us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
-123000 | ||
us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
556000 | ||
us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
57439000 | ||
pvbc |
Depreciation Depletion And Amortization Including Leases
DepreciationDepletionAndAmortizationIncludingLeases
|
816000 | ||
pvbc |
Depreciation Depletion And Amortization Including Leases
DepreciationDepletionAndAmortizationIncludingLeases
|
817000 | ||
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-1012000 | ||
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
270000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
995000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-7752000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
981000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1393000 | ||
us-gaap |
Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
|
822000 | ||
us-gaap |
Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
|
778000 | ||
pvbc |
Principal Repayments Of Operating Lease Liabilities
PrincipalRepaymentsOfOperatingLeaseLiabilities
|
83000 | ||
pvbc |
Principal Repayments Of Operating Lease Liabilities
PrincipalRepaymentsOfOperatingLeaseLiabilities
|
79000 | ||
us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
272000 | ||
pvbc |
Other Repossessed Assets Net Gain Loss On Sales
OtherRepossessedAssetsNetGainLossOnSales
|
166000 | ||
us-gaap |
Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
|
-21000 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-271000 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
5274000 | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-11049000 | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-4371000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-24000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
18023000 | ||
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
2058000 | ||
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
3513000 | ||
us-gaap |
Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
|
-659000 | ||
us-gaap |
Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
|
2628000 | ||
us-gaap |
Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
|
-104153000 | ||
us-gaap |
Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
|
107901000 | ||
us-gaap |
Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
|
15839000 | ||
pvbc |
Proceeds From Other Repossessed Asset Sales
ProceedsFromOtherRepossessedAssetSales
|
6196000 | ||
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
2560000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
302000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
206000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
112764000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-88823000 | ||
us-gaap |
Net Change Noninterest Bearing Deposits Domestic
NetChangeNoninterestBearingDepositsDomestic
|
-134738000 | ||
us-gaap |
Net Change Noninterest Bearing Deposits Domestic
NetChangeNoninterestBearingDepositsDomestic
|
35704000 | ||
us-gaap |
Net Change Interest Bearing Deposits Domestic
NetChangeInterestBearingDepositsDomestic
|
344881000 | ||
us-gaap |
Net Change Interest Bearing Deposits Domestic
NetChangeInterestBearingDepositsDomestic
|
-24090000 | ||
pvbc |
Net Cash Dividends Forfeited Paid On Common Stock
NetCashDividendsForfeitedPaidOnCommonStock
|
5000 | ||
pvbc |
Net Cash Dividends Forfeited Paid On Common Stock
NetCashDividendsForfeitedPaidOnCommonStock
|
-2007000 | ||
pvbc |
Proceeds From Stock Options Exercised Net
ProceedsFromStockOptionsExercisedNet
|
-18000 | ||
pvbc |
Proceeds From Stock Options Exercised Net
ProceedsFromStockOptionsExercisedNet
|
-108000 | ||
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
-28500000 | ||
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
67000000 | ||
us-gaap |
Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
|
8599000 | ||
pvbc |
Shares Surrendered Related To Tax Withholdings On Restricted Stock Awards
SharesSurrenderedRelatedToTaxWithholdingsOnRestrictedStockAwards
|
31000 | ||
pvbc |
Shares Surrendered Related To Tax Withholdings On Restricted Stock Awards
SharesSurrenderedRelatedToTaxWithholdingsOnRestrictedStockAwards
|
40000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2860000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
173000000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
73599000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
285740000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
2799000 | ||
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
80629000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
153115000 | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
366369000 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
155914000 | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
22071000 | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
2023000 | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
161000 | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
4771000 | ||
us-gaap |
Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
|
9599000 | ||
pvbc |
Increase In Other Repossessed Assets
IncreaseInOtherRepossessedAssets
|
10451000 | ||
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">(1) </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">Basis of Presentation</span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;text-align: justify;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The accompanying unaudited financial statements of Provident Bancorp, Inc. (the “Company”) were prepared in accordance with the instructions for Form 10-Q and with Regulation S-X and do not include information or footnotes necessary for a complete presentation of the financial condition, results of operations, and cash flows in conformity with U.S. generally accepted accounting principles (“GAAP”). However, in the opinion of management, all adjustments (consisting only of normal and recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the three- and nine-month periods ended September 30, 2023 are not necessarily indicative of the results that may be expected for future periods, including the entire fiscal year. </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Certain amounts in 2022 have been reclassified to be consistent with the 2023 consolidated financial statement presentation, which had no effect on the net income reported in the consolidated statements of income. </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">These financial statements should be read in conjunction with the annual financial statements and notes thereto included in the annual report on Form 10-K the Company filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2023. </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;text-align: justify;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;text-align: justify;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The consolidated financial statements include the accounts of the Company, its wholly owned subsidiary BankProv (the “Bank”), and the Bank’s wholly owned subsidiaries, Provident Security Corporation, 5 Market Street Security Corporation, and Prov 1, LLC. Provident Security Corporation and 5 Market Street Security Corporation were established to buy, sell, and hold investments for their own account. Prov 1, LLC was established to engage in any lawful act or activity for which limited liability companies may be organized. All significant inter-company balances and transactions have been eliminated in consolidation.</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span> | ||
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
|
9800000 | |
CY2023Q3 | us-gaap |
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
|
161000 | |
CY2023Q3 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
-105000 | |
CY2023Q3 | us-gaap |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
24023000 | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">(2) </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">Corporate Structure</span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;"> </span></p><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The Company </span><span style="white-space:pre-wrap; color: #242021;font-family: TimesNRMTPro;font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">is a Maryland corporation whose primary purpose is to act as the holding company for the Bank. </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The Bank, headquartered in Amesbury, Massachusetts, operates its business from </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">seven</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> banking offices located in Amesbury and Newburyport, Massachusetts and Portsmouth, Exeter, Bedford, and Seabrook, New Hampshire. The Bank also has loan production offices in Boston, Massachusetts and Ponte Vedra, Florida. The Bank’s primary deposit products are checking, savings, and term certificate accounts and its primary lending products are commercial real estate, commercial, enterprise value, and mortgage warehouse loans. BankProv is also a commercial bank for corporate clients, specializing in offering adaptive and technology-first banking solutions to niche markets.</span> | ||
pvbc |
Number Of Banking Offices
NumberOfBankingOffices
|
7 | ||
pvbc |
Percent Of Customers Deposits Insured By Fdic
PercentOfCustomersDepositsInsuredByFdic
|
0.571 | ||
pvbc |
Percent Of Customers Deposits Insured By Dif
PercentOfCustomersDepositsInsuredByDif
|
0.429 | ||
CY2023Q3 | pvbc |
Additional Borrowing Capacity Of Federal Home Loan Bank Of Boston And Federal Reserve Bank
AdditionalBorrowingCapacityOfFederalHomeLoanBankOfBostonAndFederalReserveBank
|
197200000 | |
pvbc |
Securities Portfolio Percent Of Total Assets
SecuritiesPortfolioPercentOfTotalAssets
|
0.014 | ||
CY2023Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-2400000 | |
CY2023Q3 | pvbc |
Accumulated Other Comprehensive Income Loss Net Of Tax Percent
AccumulatedOtherComprehensiveIncomeLossNetOfTaxPercent
|
0.011 | |
CY2022Q4 | us-gaap |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
25481000 | |
CY2022 | us-gaap |
Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
|
1864000 | |
CY2023Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
29280000 | |
CY2023Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
2000 | |
CY2023Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
3103000 | |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
26179000 | |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
31457000 | |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
2000 | |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
2859000 | |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
28600000 | |
us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
0 | ||
CY2022Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
0 | |
us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
0 | ||
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
0 | |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
|
8400000 | |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
|
860000 | |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
843000 | |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
|
1466000 | |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
|
1433000 | |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
|
9487000 | |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
|
8511000 | |
CY2023Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
29280000 | |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
26179000 | |
CY2022Q3 | us-gaap |
Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
|
0 | |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
|
0 | |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
808000 | |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
24000 | |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
24771000 | |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
3079000 | |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
25579000 | |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
3103000 | |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
17924000 | |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
839000 | |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
10075000 | |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
2020000 | |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
27999000 | |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
2859000 | |
CY2023Q3 | us-gaap |
Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
|
1337689000 | |
CY2022Q4 | us-gaap |
Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
|
1444116000 | |
CY2023Q3 | us-gaap |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
24023000 | |
CY2023Q3 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
1313666000 | |
CY2022Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
1416047000 | |
CY2023Q2 | us-gaap |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
23981000 | |
CY2023Q3 | us-gaap |
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
|
14000 | |
CY2022Q2 | us-gaap |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
18972000 | |
CY2022Q3 | us-gaap |
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
|
46367000 | |
CY2022Q3 | us-gaap |
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
|
131000 | |
CY2022Q3 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
56310000 | |
CY2022Q3 | us-gaap |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
29046000 | |
us-gaap |
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
|
3771000 | ||
us-gaap |
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
|
223000 | ||
us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
2090000 | ||
CY2023Q3 | us-gaap |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
24023000 | |
CY2021Q4 | us-gaap |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
19496000 | |
us-gaap |
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
|
48091000 | ||
us-gaap |
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
|
243000 | ||
us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
57398000 | ||
CY2022Q3 | us-gaap |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
29046000 | |
CY2023Q3 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
1337689000 | |
CY2022Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
1444116000 | |
CY2023Q3 | pvbc |
Financing Receivable Non Accrual With No Allowance For Credit Loss
FinancingReceivableNonAccrualWithNoAllowanceForCreditLoss
|
480000 | |
CY2023Q3 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
20136000 | |
CY2022Q4 | pvbc |
Financing Receivable Non Accrual With No Allowance For Credit Loss
FinancingReceivableNonAccrualWithNoAllowanceForCreditLoss
|
179000 | |
CY2022Q4 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
26964000 | |
us-gaap |
Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
|
36217000 | ||
pvbc |
Financing Receivable Modified In Period To Total Financing Receivables Percentage
FinancingReceivableModifiedInPeriodToTotalFinancingReceivablesPercentage
|
0.0271 | ||
CY2023Q3 | us-gaap |
Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
|
155000000 | |
us-gaap |
Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
|
0 | ||
CY2022Q3 | us-gaap |
Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
|
20500000 | |
CY2022Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
1444116000 | |
CY2023Q3 | us-gaap |
Demand Deposit Accounts
DemandDepositAccounts
|
385488000 | |
CY2022Q4 | us-gaap |
Demand Deposit Accounts
DemandDepositAccounts
|
520226000 | |
CY2023Q3 | us-gaap |
Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
|
111786000 | |
CY2022Q4 | us-gaap |
Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
|
145533000 | |
CY2023Q3 | us-gaap |
Deposits Savings Deposits
DepositsSavingsDeposits
|
177865000 | |
CY2022Q4 | us-gaap |
Deposits Savings Deposits
DepositsSavingsDeposits
|
141802000 | |
CY2023Q3 | us-gaap |
Deposits Money Market Deposits
DepositsMoneyMarketDeposits
|
541200000 | |
CY2022Q4 | us-gaap |
Deposits Money Market Deposits
DepositsMoneyMarketDeposits
|
318417000 | |
CY2023Q3 | us-gaap |
Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
|
21027000 | |
CY2022Q4 | us-gaap |
Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
|
11449000 | |
CY2023Q3 | pvbc |
Time Deposits Less Than250000
TimeDepositsLessThan250000
|
252359000 | |
CY2022Q4 | pvbc |
Time Deposits Less Than250000
TimeDepositsLessThan250000
|
142155000 | |
CY2023Q3 | us-gaap |
Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
|
1104237000 | |
CY2022Q4 | us-gaap |
Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
|
759356000 | |
CY2023Q3 | us-gaap |
Deposits
Deposits
|
1489725000 | |
CY2022Q4 | us-gaap |
Deposits
Deposits
|
1279582000 | |
CY2023Q3 | pvbc |
Banking As Service Noninterest Bearing Deposits
BankingAsServiceNoninterestBearingDeposits
|
15600000 | |
CY2022Q4 | pvbc |
Banking As Service Noninterest Bearing Deposits
BankingAsServiceNoninterestBearingDeposits
|
40200000 | |
CY2023Q3 | pvbc |
Digital Asset Deposits Noninterest Bearing Deposits
DigitalAssetDepositsNoninterestBearingDeposits
|
52500000 | |
CY2022Q4 | pvbc |
Digital Asset Deposits Noninterest Bearing Deposits
DigitalAssetDepositsNoninterestBearingDeposits
|
40300000 | |
CY2023Q3 | pvbc |
Banking As Service Interest Bearing Deposits
BankingAsServiceInterestBearingDeposits
|
198300000 | |
CY2023Q3 | pvbc |
Digital Asset Deposits Interest Bearing Deposits
DigitalAssetDepositsInterestBearingDeposits
|
0 | |
CY2022Q4 | pvbc |
Banking As Service Interest Bearing Deposits
BankingAsServiceInterestBearingDeposits
|
5000000.0 | |
CY2022Q4 | pvbc |
Digital Asset Deposits Interest Bearing Deposits
DigitalAssetDepositsInterestBearingDeposits
|
17200000 | |
CY2023Q3 | pvbc |
Percentage Of Federal Deposit Insurance Corporation Insured Deposits
PercentageOfFederalDepositInsuranceCorporationInsuredDeposits
|
0.57 | |
CY2022Q4 | pvbc |
Percentage Of Federal Deposit Insurance Corporation Insured Deposits
PercentageOfFederalDepositInsuranceCorporationInsuredDeposits
|
0.55 | |
CY2023Q3 | pvbc |
Percentage Of Depositors Insurance Fund Deposits
PercentageOfDepositorsInsuranceFundDeposits
|
0.43 | |
CY2022Q4 | pvbc |
Percentage Of Depositors Insurance Fund Deposits
PercentageOfDepositorsInsuranceFundDeposits
|
0.45 | |
CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
80033000 | |
CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
134000 | |
CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
5136000 | |
CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
138000 | |
CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
139000 | |
CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
4150000 | |
CY2023Q3 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
89730000 | |
CY2023Q3 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
80000000.0 | |
CY2023Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
9700000 | |
CY2023Q3 | us-gaap |
Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
|
0.0557 | |
CY2023Q3 | us-gaap |
Capital
Capital
|
208303000 | |
CY2023Q3 | us-gaap |
Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
|
0.1423 | |
CY2023Q3 | us-gaap |
Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
|
117107000 | |
CY2022Q4 | us-gaap |
Other Foreclosed Assets
OtherForeclosedAssets
|
6051000 | |
pvbc |
Other Repossessed Assets Direct Write Downs
OtherRepossessedAssetsDirectWriteDowns
|
-21000 | ||
pvbc |
Proceeds From Sale Of Other Repossessed Assets
ProceedsFromSaleOfOtherRepossessedAssets
|
-6030000 | ||
CY2022Q4 | pvbc |
Other Repossessed Assets Valuation Allowance
OtherRepossessedAssetsValuationAllowance
|
597000 | |
pvbc |
Other Repossessed Assets Valuation Allowance Reduction From Sales Of Other Repossessed Assets
OtherRepossessedAssetsValuationAllowanceReductionFromSalesOfOtherRepossessedAssets
|
-597000 | ||
pvbc |
Other Repossessed Assets Net Gain Loss On Sales
OtherRepossessedAssetsNetGainLossOnSales
|
166000 | ||
pvbc |
Other Repossessed Assets Operating Expenses
OtherRepossessedAssetsOperatingExpenses
|
115000 | ||
pvbc |
Other Repossessed Assets Net Gain Loss On Sales
OtherRepossessedAssetsNetGainLossOnSales
|
0 | ||
CY2022Q3 | pvbc |
Other Repossessed Assets Net Gain Loss On Sales
OtherRepossessedAssetsNetGainLossOnSales
|
0 | |
pvbc |
Other Repossessed Assets Operating Expenses
OtherRepossessedAssetsOperatingExpenses
|
145000 | ||
CY2022Q3 | pvbc |
Other Repossessed Assets Operating Expenses
OtherRepossessedAssetsOperatingExpenses
|
145000 | |
CY2022 | pvbc |
Repossessed Cryptocurrency Mining Rigs In Exchange For Loan Forgiveness Amount
RepossessedCryptocurrencyMiningRigsInExchangeForLoanForgivenessAmount
|
6100000 | |
CY2023Q3 | pvbc |
Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
|
0.045 | |
CY2023Q3 | us-gaap |
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
|
0.060 | |
CY2023Q3 | us-gaap |
Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
|
0.080 | |
CY2023Q3 | us-gaap |
Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
|
0.040 | |
CY2023Q3 | pvbc |
Common Equity Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
|
0.065 | |
CY2023Q3 | us-gaap |
Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
|
0.080 | |
CY2023Q3 | us-gaap |
Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
|
0.10 | |
CY2023Q3 | pvbc |
Tier One Leverage Ratio
TierOneLeverageRatio
|
0.00050 | |
pvbc |
Capital Conservation Buffer Above Required Capital Ratios
CapitalConservationBufferAboveRequiredCapitalRatios
|
0.025 | ||
CY2023Q3 | us-gaap |
Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
|
0.080 | |
CY2023Q3 | us-gaap |
Capital Required To Be Well Capitalized
CapitalRequiredToBeWellCapitalized
|
146384000 | |
CY2023Q3 | us-gaap |
Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
|
0.100 | |
CY2023Q3 | us-gaap |
Tier One Risk Based Capital
TierOneRiskBasedCapital
|
189931000 | |
CY2023Q3 | us-gaap |
Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
|
0.1297 | |
CY2023Q3 | us-gaap |
Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
|
87830000 | |
CY2023Q3 | us-gaap |
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
|
0.060 | |
CY2023Q3 | us-gaap |
Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
|
117107000 | |
CY2023Q3 | us-gaap |
Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
|
0.080 | |
CY2023Q3 | us-gaap |
Common Equity Tier One Capital
CommonEquityTierOneCapital
|
189931000 | |
CY2023Q3 | us-gaap |
Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
|
0.1297 | |
CY2023Q3 | us-gaap |
Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
|
65873000 | |
CY2023Q3 | pvbc |
Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
|
0.045 | |
CY2023Q3 | us-gaap |
Common Equity Tier One Capital Required To Be Well Capitalized
CommonEquityTierOneCapitalRequiredToBeWellCapitalized
|
95149000 | |
CY2023Q3 | pvbc |
Common Equity Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
|
0.065 | |
CY2023Q3 | us-gaap |
Tier One Leverage Capital
TierOneLeverageCapital
|
189931000 | |
CY2023Q3 | us-gaap |
Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
|
0.1107 | |
CY2023Q3 | us-gaap |
Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
|
68644000 | |
CY2023Q3 | us-gaap |
Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
|
0.040 | |
CY2023Q3 | us-gaap |
Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
|
85805000 | |
CY2023Q3 | us-gaap |
Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
|
0.050 | |
CY2022Q4 | us-gaap |
Capital
Capital
|
204354000 | |
CY2022Q4 | us-gaap |
Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
|
0.1262 | |
CY2022Q4 | us-gaap |
Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
|
129492000 | |
CY2022Q4 | us-gaap |
Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
|
0.080 | |
CY2022Q4 | us-gaap |
Capital Required To Be Well Capitalized
CapitalRequiredToBeWellCapitalized
|
161865000 | |
CY2022Q4 | us-gaap |
Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
|
0.100 | |
CY2022Q4 | us-gaap |
Tier One Risk Based Capital
TierOneRiskBasedCapital
|
184025000 | |
CY2022Q4 | us-gaap |
Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
|
0.1137 | |
CY2022Q4 | us-gaap |
Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
|
97119000 | |
CY2022Q4 | us-gaap |
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
|
0.060 | |
CY2022Q4 | us-gaap |
Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
|
129492000 | |
CY2022Q4 | us-gaap |
Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
|
0.080 | |
CY2022Q4 | us-gaap |
Common Equity Tier One Capital
CommonEquityTierOneCapital
|
184025000 | |
CY2022Q4 | us-gaap |
Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
|
0.1137 | |
CY2022Q4 | us-gaap |
Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
|
72839000 | |
CY2022Q4 | pvbc |
Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
|
0.045 | |
CY2022Q4 | us-gaap |
Common Equity Tier One Capital Required To Be Well Capitalized
CommonEquityTierOneCapitalRequiredToBeWellCapitalized
|
105212000 | |
CY2022Q4 | pvbc |
Common Equity Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
|
0.065 | |
CY2022Q4 | us-gaap |
Tier One Leverage Capital
TierOneLeverageCapital
|
184025000 | |
CY2022Q4 | us-gaap |
Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
|
0.1117 | |
CY2022Q4 | us-gaap |
Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
|
65916000 | |
CY2022Q4 | us-gaap |
Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
|
0.040 | |
CY2022Q4 | us-gaap |
Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
|
82395000 | |
CY2022Q4 | us-gaap |
Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
|
0.050 | |
us-gaap |
Dividends Cash
DividendsCash
|
0 | ||
CY2023Q3 | pvbc |
Stock Repurchased At End Of Period Shares
StockRepurchasedAtEndOfPeriodShares
|
1145479 | |
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | ||
CY2023Q3 | us-gaap |
Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
|
1538868 | |
pvbc |
Proceeds From Issuance Of Common Stock Used For Funding Employee Stock Ownership Plan
ProceedsFromIssuanceOfCommonStockUsedForFundingEmployeeStockOwnershipPlan
|
11800000 | ||
pvbc |
Employee Stock Ownership Plan Esop Payable Term
EmployeeStockOwnershipPlanEsopPayableTerm
|
P15Y | ||
pvbc |
Employee Stock Ownership Plan Esop Prime Rate Percentage
EmployeeStockOwnershipPlanEsopPrimeRatePercentage
|
0.0500 | ||
us-gaap |
Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
|
89758 | ||
CY2023Q3 | us-gaap |
Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
|
551530 | |
CY2022Q4 | us-gaap |
Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
|
461772 | |
CY2023Q3 | us-gaap |
Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
|
67318 | |
CY2022Q4 | us-gaap |
Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
|
89758 | |
CY2023Q3 | us-gaap |
Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
|
920020 | |
CY2022Q4 | us-gaap |
Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
|
987338 | |
CY2023Q3 | us-gaap |
Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
|
1538868 | |
CY2022Q4 | us-gaap |
Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
|
1538868 | |
CY2023Q3 | us-gaap |
Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
|
8900000 | |
CY2023Q3 | us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
213000 | |
CY2022Q3 | us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
334000 | |
us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
568000 | ||
us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
1100000 | ||
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
2466000 | |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-35309000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
8030000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-24165000 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
17684143 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
17725523 | |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
17686334 | ||
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
17782139 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
|
927582 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
|
1017339 | |
us-gaap |
Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
|
949803 | ||
us-gaap |
Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
|
1039560 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
151675 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
251910 | |
us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
168200 | ||
us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
264646 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16604886 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16456274 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16568331 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16477933 | ||
CY2023Q3 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
43771 | |
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
1195 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16648657 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16456274 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16569526 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16477933 | ||
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.15 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.15 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.48 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.47 | ||
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.15 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.15 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.48 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.47 | ||
CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1199154 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1305805 | ||
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
270000 | |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
270000 | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
280000 | |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
280000 | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
291000 | |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
291000 | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
294000 | |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
293000 | |
CY2023Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
3800000 | |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
3900000 | |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
4200000 | |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
4300000 | |
pvbc |
Number Of Branch Locations
NumberOfBranchLocations
|
2 | ||
pvbc |
Number Of Leased Loan Production Offices
NumberOfLeasedLoanProductionOffices
|
1 | ||
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
236000 | ||
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
236000 | ||
CY2023Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0361 | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0359 | |
CY2023Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P25Y10M24D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P26Y4M24D | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
66000 | |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
264000 | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
5740000 | |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
5740000 | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
6941000 | |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
7138000 | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
2742000 | |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
2856000 | |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
4199000 | |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
4282000 | |
CY2023Q3 | pvbc |
Qualified Affordable Housing Project Investments
QualifiedAffordableHousingProjectInvestments
|
6300000 | |
CY2022Q4 | pvbc |
Qualified Affordable Housing Project Investments
QualifiedAffordableHousingProjectInvestments
|
7300000 | |
CY2023Q3 | us-gaap |
Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
|
179000 | |
CY2023Q3 | us-gaap |
Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
|
220000 | |
us-gaap |
Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
|
1600000 | ||
us-gaap |
Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
|
1900000 | ||
us-gaap |
Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
|
0 | ||
CY2022Q3 | us-gaap |
Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
|
0 | |
us-gaap |
Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
|
0 | ||
CY2022Q3 | us-gaap |
Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
|
0 |