OHIO VALLEY BANC CORP
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 14, 2025
OVBC$48.16-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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EX-13 · 44 report of independent registered public accounting firm
How the Critical Audit Matter Was Addressed in the Audit
Our audit procedures related to the Company’s estimate of the ACL included, but were not limited to, the following:
| • | Obtaining an understanding of the Company’s process for establishing the ACL on collectively evaluated loans. |
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| • | Evaluating the appropriateness of management’s methodology used for estimating the ACL on collectively evaluated loans. |
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| • | Testing the completeness and accuracy of data utilized by management. |
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| • | Evaluating the relevance and reliability of information used by management in the development of the estimate. |
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| • | Evaluating the reasonableness of significant assumptions used in management’s estimate, including consideration of whether assumptions used were reasonable given portfolio composition; relevant external factors, including economic conditions; and consideration of historical or recent experience and conditions and events affecting the Company. |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.