XML 63 R46.htm IDEA: XBRL DOCUMENT v3.7.0.1
STOCK OPTIONS (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Option Activity
The following summarizes MVB’s stock options as of and for the year ended December 31, 2016, and the changes for the year then ended:

 
 
2016
 
2015
 
 
Number of Shares
 
Weighted Average Exercise Price
 
Number of Shares
 
Weighted Average Exercise Price
Outstanding at beginning of year
 
1,190,295

 
$
13.15

 
1,355,905

 
$
12.21

Granted
 
432,000

 
12.72

 
45,500

 
14.80

Exercised
 
(55,000
)
 
9.02

 
(204,670
)
 
7.31

Forfeited/expired
 
(67,500
)
 
14.59

 
(6,440
)
 
13.33

 
 
 
 
 
 
 
 
 
Outstanding at end of year
 
1,499,795

 
$
13.11

 
1,190,295

 
$
13.15

 
 
 
 
 
 
 
 
 
Exercisable at end of year
 
768,598

 
$
12.75

 
542,499

 
$
11.82

 
 
 
 
 
 
 
 
 
Weighted-average fair value of options granted during 2016
 
 

 
$
2.98

 
 

 
 

Weighted-average fair value of options granted during 2015
 
 

 
$
2.72

 
 

 
 

Weighted-average fair value of options granted during 2014
 
 
 
$
3.05

 
 

 
 

Outstanding and Exercisable Options Information
The following summarizes information related to the total outstanding and exercisable options at December 31, 2016:

Options Outstanding
 
Options Exercisable
Total Options
 
Weighted-Average Exercise Price
 
Intrinsic Value
 
Weighted-Average Remaining Life
 
Total Options
 
Weighted-Average Exercise Price
 
Intrinsic Value
 
Weighted-Average Remaining Life
1,499,795
 
$
13.11

 
(465,921
)
 
6.03
 
768,598

 
$
12.75

 
37,711

 
4.35