XML 37 R26.htm IDEA: XBRL DOCUMENT v3.22.2.2

Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2022

Receivables [Abstract]

Components of Loans in the Consolidated Balance Sheet

The following table presents the components of loans as of the periods shown:

(Dollars in thousands)						September 30, 2022						December 31, 2021
Commercial:
Business						$	870,390					$	818,986
Real estate						701,485						561,718
Acquisition, development and construction						131,385						99,823
Total commercial						$	1,703,260					$	1,480,527
Residential real estate						602,084						306,140
Home equity						19,376						22,186
Consumer						141,289						43,919
Total loans, excluding PCI						2,466,009						1,852,772
Purchased credit impaired loans:
Commercial:
Business						1,878						2,629
Real estate						—						11,018
Acquisition, development and construction						—						257
Total commercial						$	1,878					$	13,904
Residential real estate						2,551						4,358
Consumer						—						413
Total purchased credit impaired loans						4,429						18,675
Total Loans						$	2,470,438					$	1,871,447
Deferred loan origination costs and (fees), net						957						(1,609)
Loans receivable						$	2,471,395					$	1,869,838

Impaired Loans by Class

The following table presents impaired loans by class segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of the periods shown:

						Impaired Loans with Specific Allowance												Impaired Loans with No Specific Allowance						Total Impaired Loans
(Dollars in thousands)						Recorded Investment						Related Allowance						Recorded Investment						Recorded Investment						Unpaid Principal Balance
September 30, 2022
Commercial
Business						$	7,371					$	2,078					$	7,978					$	15,349					$	17,318
Real estate						644						221						446						1,090						1,213
Acquisition, development and construction						—						—						278						278						1,693
Total commercial						8,015						2,299						8,702						16,717						20,224
Residential						1,212						84						7,209						8,421						8,438
Home equity						—						—						157						157						162
Consumer						1,231						248						16						1,247						1,247
Total impaired loans						$	10,458					$	2,631					$	16,084					$	26,542					$	30,071
December 31, 2021
Commercial
Business						$	2,401					$	232					$	8,796					$	11,197					$	13,010
Real estate						668						243						543						1,211						1,329
Acquisition, development and construction						—						—						1,392						1,392						2,807
Total commercial						3,069						475						10,731						13,800						17,146
Residential						—						—						8,179						8,179						8,219
Home equity						—						—						217						217						221
Consumer						—						—						259						259						259
Total impaired loans						$	3,069					$	475					$	19,386					$	22,455					$	25,845

Average Recorded Investment in Impaired Loans and Related Interest Income Recognized

The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods shown:

						Three Months Ended September 30,
						2022																		2021
(Dollars in thousands)						Average Investment in Impaired Loans						Interest Income Recognized on Accrual Basis						Interest Income Recognized on Cash Basis						Average Investment in Impaired Loans						Interest Income Recognized on Accrual Basis						Interest Income Recognized on Cash Basis
Commercial
Business						$	12,390					$	1					$	2					$	7,312					$	—					$	—
Real estate						1,372						14						18						1,943						11						11
Acquisition, development and construction						282						—						—						1,437						—						—
Total commercial						14,044						15						20						10,692						11						11
Residential						8,425						4						3						7,029						3						3
Home equity						157						—						—						69						—						—
Consumer						1085						—						—						29						—						—
Total						$	23,711					$	19					$	23					$	17,819					$	14					$	14
						Nine Months Ended September 30,
						2022																		2021
(Dollars in thousands)						Average Investment in Impaired Loans						Interest Income Recognized on Accrual Basis						Interest Income Recognized on Cash Basis						Average Investment in Impaired Loans						Interest Income Recognized on Accrual Basis						Interest Income Recognized on Cash Basis
Commercial
Business						$	11,378					$	6					$	6					$	6,791					$	—					$	—
Real estate						1,491						43						47						2,185						33						33
Acquisition, development and construction						303						—						—						1,772						—						—
Total commercial						13,172						49						53						10,748						33						33
Residential						8,390						12						11						5,418						11						10
Home equity						169						—						—						69						—						—
Consumer						757						—						—						29						—						—
Total						$	22,488					$	61					$	64					$	16,264					$	44					$	43

Classes of the Loan Portfolio Summarized by the Aggregate Pass and the Criticized Categories

The following table represents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of the periods shown:

(Dollars in thousands)						Pass						Special Mention						Substandard						Doubtful						Total
September 30, 2022
Commercial
Business						$	846,598					$	3,442					$	19,983					$	2,245					$	872,268
Real estate						660,237						18,985						20,567						1,696						701,485
Acquisition, development and construction						125,180						4,888						1,317						—						131,385
Total commercial						1,632,015						27,315						41,867						3,941						1,705,138
Residential						594,239						772						7,653						1,971						604,635
Home equity						18,843						376						157						—						19,376
Consumer						141,109						—						2						178						141,289
Total loans						$	2,386,206					$	28,463					$	49,679					$	6,090					$	2,470,438
December 31, 2021
Commercial
Business						$	789,101					$	12,246					$	18,143					$	2,125					$	821,615
Real estate						526,851						12,598						31,293						1994						572,736
Acquisition, development and construction						89,893						4,960						4,163						1,064						100,080
Total commercial						1,405,845						29,804						53,599						5,183						1,494,431
Residential						299,291						899						9,815						493						310,498
Home equity						21,582						387						191						26						22,186
Consumer						43,519						24						259						530						44,332
Total loans						$	1,770,237					$	31,114					$	63,864					$	6,232					$	1,871,447

Classes of the Loan Portfolio Summarized by Aging Categories

The following table presents the classes of the loan portfolio summarized by aging categories of performing loans and non-accrual loans as of the periods shown:

(Dollars in thousands)						Current						30-59 Days Past Due						60-89 Days Past Due						90+ Days Past Due						Total Past Due						Total Loans						Non-Accrual						90+ Days Still Accruing
September 30, 2022
Commercial
Business						$	866,111					$	1,911					$	—					$	4,246					$	6,157					$	872,268					$	12,552					$	—
Real estate						701,485						—						—						—						—						701,485						108						—
Acquisition, development and construction						131,145						—						—						240						240						131,385						279						—
Total commercial						1,698,741						1,911						—						4,486						6,397						1,705,138						12,939						—
Residential						604,207						10						418						—						428						604,635						8,008						—
Home equity						19,172						139						—						65						204						19,376						170						—
Consumer						129,972						7,206						2,880						1,231						11,317						141,289						1,233						—
Total loans						$	2,452,092					$	9,266					$	3,298					$	5,782					$	18,346					$	2,470,438					$	22,350					$	—
December 31, 2021
Commercial
Business						$	816,638					$	1,718					$	11					$	3,248					$	4,977					$	821,615					$	8,261					$	—
Real estate						569,792						396						461						2087						2944						572,736						192						—
Acquisition, development and construction						98,781						67						412						820						1,299						100,080						1,392						—
Total commercial						1,485,211						2,181						884						6,155						9,220						1,494,431						9,845						—
Residential						303,940						3,620						285						2,653						6,558						310,498						7,636						—
Home equity						21,974						—						119						93						212						22,186						217						—
Consumer						42,231						1,211						461						429						2,101						44,332						259						—
Total loans						$	1,853,356					$	7,012					$	1,749					$	9,330					$	18,091					$	1,871,447					$	17,957					$	—

Allowance Activity

The following table presents the primary segments of the ALL segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of the periods shown:

						Commercial																								Residential						Home Equity						Consumer						Total
(Dollars in thousands)						Business						Real Estate						Acquisition, development and construction						Total Commercial
ALL balance at December 31, 2021						$	8,027					$	5,091					$	982					$	14,100					$	1,492					$	128					$	2,546					$	18,266
Charge-offs						—						—						—						—						—						—						(7,304)						(7,304)
Recoveries						51						127						—						178						—						5						3,870						4,053
Provision						1,666						1,178						176						3,020						1,445						3						7,032						11,500
ALL balance at September 30, 2022						$	9,744					$	6,396					$	1,158					$	17,298					$	2,937					$	136					$	6,144					$	26,515
Individually evaluated for impairment						$	2,078					$	221					$	—					$	2,299					$	84					$	—					$	248					$	2,631
Collectively evaluated for impairment						$	7,666					$	6,175					$	1,158					$	14,999					$	2,853					$	136					$	5,896					$	23,884
(Dollars in thousands)
ALL balance at June 30, 2022						$	8,077					$	6,641					$	967					$	15,685					$	1,772					$	141					$	5,136					$	22,734
Charge-offs						—						—						—						—						—						—						(3,652)						(3,652)
Recoveries						41						65						—						106						—						1						2,206						2,313
Provision (release)						1,626						(310)						191						1,507						1,165						(6)						2,454						5,120
ALL balance at September 30, 2022						$	9,744					$	6,396					$	1,158					$	17,298					$	2,937					$	136					$	6,144					$	26,515

Substantially all of the charge-offs during nine months ended September 30, 2022 are related to our subprime consumer automobile portfolio of loans.

The following table presents the primary segments of our loan portfolio as of the period shown:

						Commercial																								Residential						Home Equity						Consumer						Total
(Dollars in thousands)						Business						Real Estate						Acquisition, development and construction						Total Commercial
September 30, 2022
Individually evaluated for impairment						$	15,349					$	1,090					$	278					$	16,717					$	8,421					$	157					$	1,246					$	26,541
Collectively evaluated for impairment						856,919						700,395						131,107						1,688,421						596,214						19,219						140,043						2,443,897
Total loans						$	872,268					$	701,485					$	131,385					$	1,705,138					$	604,635					$	19,376					$	141,289					$	2,470,438

The following table presents the primary segments of the ALL segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of the periods shown:

						Commercial																								Residential						Home Equity						Consumer						Total
(Dollars in thousands)						Business						Real Estate						Acquisition, development and construction						Total Commercial
ALL balance at December 31, 2020						$	12,193					$	9,079					$	2,761					$	24,033					$	1,462					$	298					$	51					$	25,844
Charge-offs						(361)						—						—						(361)						(2)						—						—						(363)
Recoveries						207						17												224						—						21						3						248
Provision (release)						1,347						(1,916)						(1,269)						(1,838)						224						(59)						1,131						(542)
ALL balance at September 30, 2021						$	13,386					$	7,180					$	1,492					$	22,058					$	1,684					$	260					$	1,185					$	25,187
Individually evaluated for impairment						$	3,737					$	298					$	—					$	4,035					$	—					$	69					$	—					$	4,104
Collectively evaluated for impairment						$	9,649					$	6,882					$	1,492					$	18,023					$	1,684					$	191					$	1,185					$	21,083
(Dollars in thousands)
ALL balance at June 30, 2021						$	12,914					$	7,947					$	1,798					$	22,659					$	1,363					$	284					$	576					$	24,882
Charge-offs						(96)						—						—						(96)						(2)						—						—						(98)
Recoveries						9						1						—						10						—						13						—						23
Provision (release)						559						(768)						(306)						(515)						323						(37)						609						380
ALL balance at September 30, 2021						$	13,386					$	7,180					$	1,492					$	22,058					$	1,684					$	260					$	1,185					$	25,187

The following table presents the primary segments of our loan portfolio as of the period shown:

						Commercial																								Residential						Home Equity						Consumer						Total
(Dollars in thousands)						Business						Real Estate						Acquisition, development and construction						Total Commercial
September 30, 2021
Individually evaluated for impairment						$	9,576					$	1,171					$	1,401					$	12,148					$	6,971					$	95					$	3					$	19,217
Collectively evaluated for impairment						757,096						563,405						97,641						1,418,142						262,996						23,682						22,141						1,726,961
Total Loans						$	766,672					$	564,576					$	99,042					$	1,430,290					$	269,967					$	23,777					$	22,144					$	1,746,178

X

- Definition

Tabular disclosure of the average amount of investment of impaired financing receivables including related interest income.

+ References

No definition available.

+ Details

Name:	mvbf_ImpairedFinancingReceivablesAverageRecordedInvestmentIncludingInterestIncomeTableTextBlock
Namespace Prefix:	mvbf_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5212-111524

+ Details

Name:	us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953401-111524

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 80
-URI https://asc.fasb.org/extlink&oid=124267575&loc=SL82922355-210448

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration