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STOCK OPTIONS AND OTHER EQUITY AWARDS (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

The following summarizes MVB’s stock options as of and for the year ended December 31, 2019, and the changes for the year then ended:


	2019				2018
	Number of Shares	Weighted Average Exercise Price		Number of Shares	Weighted Average Exercise Price
Outstanding at beginning of year	1,763,491	$	14.36	1,681,645	$	13.46
Granted	46,250	17.03		256,344	19.50
Exercised	(210,050)	10.30		(161,298)	13.54
Forfeited/expired	(6,450)	17.15		(13,200)	14.97

Outstanding at end of year	1,593,241	$	14.96	1,763,491	$	14.36

Exercisable at end of year	1,049,516	$	14.41	994,598	$	13.21

Weighted-average fair value of options granted during 2019		$	4.22
Weighted-average fair value of options granted during 2018		$	5.97
Weighted-average fair value of options granted during 2017		$	4.05

Outstanding and Exercisable Options Information

The following summarizes information related to the total outstanding and exercisable stock options at December 31, 2019:


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
1,593,241	$14.96	15,586,952	5.90	1,049,516	$14.41	10,838,239	5.06

Summary of RSUs

A summary of the activity for the Company’s RSU’s for the period indicated is presented in the following table:


	2019				2018
	Shares	Weighted Average Grant Date Fair Value		Shares	Weighted Average Grant Date Fair Value
Balance at beginning of year	60,345	$	19.31	—	$	—
Granted	122,009	15.50		62,735	19.29
Vested	(9,576)	18.27		(1,368)	18.27
Forfeited	(12,020)	16.72		(1,022)	19.55
Balance at end of year	160,758	$	16.67	60,345	$	19.31

Schedule of Unrecognized Compensation Cost

Based upon the contractual terms, this expense is expected to be recognized as follows:


(Dollars in thousands)
2020	$	778
2021	454
2022	316
2023	173
2024	68
	$	1,789

Summary of Stock-Based Compensation Expense

The amount that the Company recognized in stock-based compensation expense related to the issuance of stock options and RSU’s is presented in the following table:


(Dollars in thousands)	2019		2018		2017
Stock Options	$	873	$	936	$	813
RSU’s	886		331		—
Total Stock-based compensation expense	$	1,759	$	1,267	$	813