MVB FINANCIAL CORP
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
MVBF$25.78-0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(Dollars in thousands, except per share data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | (Audited) | |
| ASSETS | ||
| Cash and cash equivalents: | ||
| Cash and due from banks | $4,870 | $6,564 |
| Interest-bearing balances with banks | 635,556 | 391,665 |
| Total cash and cash equivalents | 640,426 | 398,229 |
| Investment securities available-for-sale | 349,678 | 345,275 |
| Equity securities | 41,037 | 41,086 |
| Loans held-for-sale | — | 629 |
| Loans receivable | 2,267,310 | 2,317,594 |
| Allowance for credit losses | (22,804) | (22,124) |
| Loans receivable, net | 2,244,506 | 2,295,470 |
| Premises and equipment, net | 19,968 | 20,928 |
| Bank-owned life insurance | 44,569 | 44,287 |
| Equity method investments | 76,190 | 75,754 |
| Accrued interest receivable and other assets | 131,016 | 92,224 |
| TOTAL ASSETS | $3,547,390 | $3,313,882 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Deposits: | ||
| Noninterest-bearing | $1,391,070 | $1,197,272 |
| Interest-bearing | 1,754,259 | 1,704,204 |
| Total deposits | 3,145,329 | 2,901,476 |
| Accrued interest payable and other liabilities | 26,272 | 37,917 |
| Repurchase agreements | 3,810 | 4,821 |
| Subordinated debt | 73,602 | 73,540 |
| Senior term loan | 6,549 | 6,786 |
| Total liabilities | 3,255,562 | 3,024,540 |
| STOCKHOLDERS’ EQUITY | ||
| Common stock - par value $1; 40,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 13,688,899 and 12,840,883 shares issued and outstanding, respectively, as of March 31, 2024 and 13,606,399 and 12,758,383 shares issued and outstanding, respectively, as of December 31, 2023 | 13,689 | 13,606 |
| Additional paid-in capital | 162,502 | 160,488 |
| Retained earnings | 163,199 | 160,862 |
| Accumulated other comprehensive loss | (30,799) | (28,831) |
| Treasury stock - 848,016 shares as of March 31, 2024 and December 31, 2023, at cost | (16,741) | (16,741) |
| Total equity attributable to parent | 291,850 | 289,384 |
| Noncontrolling interest | (22) | (42) |
| Total stockholders' equity | 291,828 | 289,342 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $3,547,390 | $3,313,882 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.