MVB FINANCIAL CORP
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 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)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | (Audited) | |
| ASSETS | ||
| Cash and cash equivalents: | ||
| Cash and due from banks | $4,615 | $6,564 |
| Interest-bearing balances with banks | 606,296 | 391,665 |
| Total cash and cash equivalents | 610,911 | 398,229 |
| Investment securities available-for-sale | 374,828 | 345,275 |
| Equity securities | 41,760 | 41,086 |
| Loans held-for-sale | — | 629 |
| Loans receivable | 2,171,272 | 2,317,594 |
| Allowance for credit losses | (21,499) | (22,124) |
| Loans receivable, net | 2,149,773 | 2,295,470 |
| Premises and equipment, net | 18,838 | 20,928 |
| Bank-owned life insurance | 45,154 | 44,287 |
| Equity method investments | 77,172 | 75,754 |
| Accrued interest receivable and other assets | 100,320 | 92,224 |
| TOTAL ASSETS | $3,418,756 | $3,313,882 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Deposits: | ||
| Noninterest-bearing | $989,144 | $1,197,272 |
| Interest-bearing | 2,012,504 | 1,704,204 |
| Total deposits | 3,001,648 | 2,901,476 |
| Accrued interest payable and other liabilities | 35,428 | 37,917 |
| Repurchase agreements | 4,755 | 4,821 |
| Subordinated debt | 73,725 | 73,540 |
| Senior term loan | — | 6,786 |
| Total liabilities | 3,115,556 | 3,024,540 |
| STOCKHOLDERS’ EQUITY | ||
| Common stock - par value $1; 40,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 13,775,978 and 12,927,962 shares issued and outstanding, respectively, as of September 30, 2024 and 13,606,399 and 12,758,383 shares issued and outstanding, respectively, as of December 31, 2023 | 13,776 | 13,606 |
| Additional paid-in capital | 163,532 | 160,488 |
| Retained earnings | 164,978 | 160,862 |
| Accumulated other comprehensive loss | (22,459) | (28,831) |
| Treasury stock - 848,016 shares as of September 30, 2024 and December 31, 2023, at cost | (16,741) | (16,741) |
| Total equity attributable to parent | 303,086 | 289,384 |
| Noncontrolling interest | 114 | (42) |
| Total stockholders' equity | 303,200 | 289,342 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $3,418,756 | $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.