XML 61 R50.htm IDEA: XBRL DOCUMENT
v3.23.3

Loans and Allowance for Credit Losses - Allowance (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Changes in the allowance for loan losses |  |  |  |
Beginning balance | $ 30,294 | $ 22,734 | $ 23,837 | $ 18,266
Provision (release of allowance) for credit losses | (159) | 5,120 | 309 | 11,500
Provision (release of allowance) for credit losses | (159) | 5,120 | 182 | 11,500
Initial allowance on loans purchased with credit deterioration |  |  | 1,217 |
Charge-offs | (8,064) | (3,652) | (16,611) | (7,304)
Recoveries | 2,205 | 2,313 | 7,842 | 4,053
Ending balance | 24,276 | 26,515 | 24,276 | 26,515
Individually evaluated for impairment | 1,686 | 2,631 | 1,686 | 2,631
Collectively evaluated for impairment |  | 23,884 |  | 23,884
Charge-offs | 8,064 | 3,652 | 16,611 | 7,304
Impact of adopting ASC 326 |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance |  |  | 7,682 |
Total commercial |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance | 16,066 | 15,685 | 15,539 | 14,100
Provision (release of allowance) for credit losses | 2,110 | 1,507 | 4,831 | 3,020
Initial allowance on loans purchased with credit deterioration |  |  | 710 |
Charge-offs | (4,028) | 0 | (4,297) | 0
Recoveries | 11 | 106 | 60 | 178
Ending balance | 14,159 | 17,298 | 14,159 | 17,298
Individually evaluated for impairment | 1,491 | 2,299 | 1,491 | 2,299
Collectively evaluated for impairment |  | 14,999 |  | 14,999
Charge-offs | 4,028 | 0 | 4,297 | 0
Total commercial | Impact of adopting ASC 326 |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance |  |  | (2,684) |
Total commercial | Business |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance | 11,308 | 8,077 | 8,771 | 8,027
Provision (release of allowance) for credit losses | 1,584 | 1,626 | 3,770 | 1,666
Initial allowance on loans purchased with credit deterioration |  |  | 710 |
Charge-offs | (4,028) | 0 | (4,297) | 0
Recoveries | 4 | 41 | 40 | 51
Ending balance | 8,868 | 9,744 | 8,868 | 9,744
Individually evaluated for impairment | 1,491 | 2,078 | 1,491 | 2,078
Collectively evaluated for impairment |  | 7,666 |  | 7,666
Charge-offs | 4,028 | 0 | 4,297 | 0
Total commercial | Business | Impact of adopting ASC 326 |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance |  |  | (126) |
Total commercial | Real estate |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance | 3,051 | 6,641 | 5,704 | 5,091
Provision (release of allowance) for credit losses | 183 | (310) | 363 | 1,178
Initial allowance on loans purchased with credit deterioration |  |  | 0 |
Charge-offs | 0 | 0 | 0 | 0
Recoveries | 7 | 65 | 20 | 127
Ending balance | 3,241 | 6,396 | 3,241 | 6,396
Individually evaluated for impairment |  | 221 |  | 221
Collectively evaluated for impairment |  | 6,175 |  | 6,175
Charge-offs | 0 | 0 | 0 | 0
Total commercial | Real estate | Impact of adopting ASC 326 |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance |  |  | (2,846) |
Total commercial | Acquisition, development and construction |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance | 1,707 | 967 | 1,064 | 982
Provision (release of allowance) for credit losses | 343 | 191 | 698 | 176
Initial allowance on loans purchased with credit deterioration |  |  | 0 |
Charge-offs | 0 | 0 | 0 | 0
Recoveries | 0 | 0 | 0 | 0
Ending balance | 2,050 | 1,158 | 2,050 | 1,158
Individually evaluated for impairment |  | 0 |  | 0
Collectively evaluated for impairment |  | 1,158 |  | 1,158
Charge-offs | 0 | 0 | 0 | 0
Total commercial | Acquisition, development and construction | Impact of adopting ASC 326 |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance |  |  | 288 |
Total commercial | Subprime Consumer Automotive Segment |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Charge-offs | (2,400) |  |  |
Charge-offs | $ 2,400 |  |  |
Charge-off percentage | 30.00% |  |  |
Total commercial | Funded Loan |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Charge-offs | $ (900) |  |  |
Charge-offs | $ 900 |  |  |
Charge-off percentage | 11.00% |  |  |
Residential real estate |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance | $ 7,168 | 1,772 | 2,880 | 1,492
Provision (release of allowance) for credit losses | (242) | 1,165 | (328) | 1,445
Initial allowance on loans purchased with credit deterioration |  |  | 507 |
Charge-offs | (359) | 0 | (381) | 0
Recoveries | 0 | 0 | 0 | 0
Ending balance | 6,567 | 2,937 | 6,567 | 2,937
Individually evaluated for impairment | 36 | 84 | 36 | 84
Collectively evaluated for impairment |  | 2,853 |  | 2,853
Charge-offs | 359 | 0 | 381 | 0
Residential real estate | Impact of adopting ASC 326 |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance |  |  | 3,889 |
Home Equity |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance | 114 | 141 | 131 | 128
Provision (release of allowance) for credit losses | (15) | (6) | (29) | 3
Initial allowance on loans purchased with credit deterioration |  |  | 0 |
Charge-offs | 0 | 0 | 0 | 0
Recoveries | 1 | 1 | 3 | 5
Ending balance | 100 | 136 | 100 | 136
Individually evaluated for impairment |  | 0 |  | 0
Collectively evaluated for impairment |  | 136 |  | 136
Charge-offs | 0 | 0 | 0 | 0
Home Equity | Impact of adopting ASC 326 |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance |  |  | (5) |
Consumer |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance | 6,946 | 5,136 | 5,287 | 2,546
Provision (release of allowance) for credit losses | (2,012) | 2,454 | (4,165) | 7,032
Initial allowance on loans purchased with credit deterioration |  |  | 0 |
Charge-offs | (3,677) | (3,652) | (11,933) | (7,304)
Recoveries | 2,193 | 2,206 | 7,779 | 3,870
Ending balance | 3,450 | 6,144 | 3,450 | 6,144
Individually evaluated for impairment | 159 | 248 | 159 | 248
Collectively evaluated for impairment |  | 5,896 |  | 5,896
Charge-offs | 3,677 | $ 3,652 | 11,933 | $ 7,304
Consumer | Impact of adopting ASC 326 |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Beginning balance |  |  | 6,482 |
Consumer | Subprime Consumer Automotive Segment |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Charge-offs | (3,700) |  | (12,000) |
Charge-offs | $ 3,700 |  | $ 12,000 |
Charge-off percentage | 46.00% |  | 72.00% |
Unrelated Commercial and Consumer |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Charge-offs | $ (1,100) |  |  |
Charge-offs | $ 1,100 |  |  |
Four Additional Unrelated Commercial and Consumer |  |  |  |
Changes in the allowance for loan losses |  |  |  |
Charge-offs |  |  | $ (300) |
Charge-offs |  |  | $ 300 |

X
- Definition Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, Percentage + References No definition available. + Details
Name: | mvbf_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoffPercentage
Namespace Prefix: | mvbf_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal), Excluding Unfunded Commitments + References No definition available. + Details
Name: | mvbf_FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalExcludingUnfundedCommitments
Namespace Prefix: | mvbf_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount excluding accrued interest, of allowance for credit loss on financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479344/326-20-45-1 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The valuation allowance for financing receivables that are expected to be uncollectible that were collectively evaluated for impairment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (g) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of valuation allowance for financing receivables that are expected to be uncollectible that were individually evaluated for impairment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (g) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of increase in allowance for credit loss on financing receivable from purchase of loan. Excludes financing receivable purchased with credit deterioration, loan acquired through business combination or acquisition, and net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossLoanPurchased
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of increase in allowance for credit loss on financing receivable from recovery. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of decrease in allowance for credit loss on financing receivable from writeoff. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-6 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of credit loss expense (reversal of expense) on financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | srt_CumulativeEffectPeriodOfAdoptionAxis=srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_CommercialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialRealEstateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=mvbf_CommercialAcquisitionAndDevelopmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=mvbf_SubprimeConsumerAutomotiveSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=mvbf_FundedLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ResidentialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=mvbf_HomeEquityPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ConsumerPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=mvbf_UnrelatedCommercialAndConsumerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=mvbf_FourAdditionalUnrelatedCommercialAndConsumerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |