XML 37 R45.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value of Financial Instruments (Details 3) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Mar. 31, 2014
Dec. 31, 2012
Carrying values and estimated fair values of financial instruments:        
Prepayments of principal amount of loans assumed $ 0mvbf_LoansReceivableFairValueDisclosureAssumedPrepaymentOfPrincipal      
Financial assets:        
Cash and cash equivalents 26,545us-gaap_CashAndCashEquivalentsAtCarryingValue 30,077us-gaap_CashAndCashEquivalentsAtCarryingValue 32,612us-gaap_CashAndCashEquivalentsAtCarryingValue 39,843us-gaap_CashAndCashEquivalentsAtCarryingValue
Certificates of deposit with other banks 11,659us-gaap_CertificatesOfDepositAtCarryingValue 11,907us-gaap_CertificatesOfDepositAtCarryingValue    
Securities available-for-sale 67,204us-gaap_AvailableForSaleSecurities 68,213us-gaap_AvailableForSaleSecurities    
Securities held-to-maturity 55,412us-gaap_HeldToMaturitySecuritiesFairValue 55,871us-gaap_HeldToMaturitySecuritiesFairValue    
Financial liabilities:        
FHLB and other borrowings 145,243mvbf_FederalHomeLoanBankAndOtherBorrowings 101,287mvbf_FederalHomeLoanBankAndOtherBorrowings    
Level I        
Financial assets:        
Cash and cash equivalents 26,545us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
30,077us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Securities available-for-sale 87us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
77us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Level II        
Financial assets:        
Certificates of deposit with other banks 11,830us-gaap_CertificatesOfDepositAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
12,035us-gaap_CertificatesOfDepositAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Securities available-for-sale 67,117us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
68,136us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Securities held-to-maturity 55,412us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
55,871us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Loans held for sale 125,802us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
69,527us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Accrued interest receivable 808us-gaap_InterestReceivable
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
728us-gaap_InterestReceivable
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Financial liabilities:        
Deposits 867,410us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
824,078us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Repurchase agreements 26,122us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
32,673us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
FHLB and other borrowings 145,271mvbf_FederalHomeLoanBankAndOtherBorrowings
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
101,338mvbf_FederalHomeLoanBankAndOtherBorrowings
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Accrued interest payable 368us-gaap_DepositLiabilitiesAccruedInterest
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
376us-gaap_DepositLiabilitiesAccruedInterest
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Subordinated debt 31,172us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
31,172us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Level III        
Financial assets:        
Loans, net 833,854us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
803,036us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Mortgage servicing rights 1,315us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
1,423us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Accrued interest receivable 2,020us-gaap_InterestReceivable
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
1,659us-gaap_InterestReceivable
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Carrying Value        
Financial assets:        
Cash and cash equivalents 26,545us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
30,077us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Certificates of deposit with other banks 11,659us-gaap_CertificatesOfDepositAtCarryingValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
11,907us-gaap_CertificatesOfDepositAtCarryingValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Securities available-for-sale 67,204us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
68,213us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Securities held-to-maturity 53,903us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
54,538us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Loans held for sale 125,802us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
69,527us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Loans, net 824,804us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
792,074us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Mortgage servicing rights 1,315us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
1,423us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Accrued interest receivable 2,828us-gaap_InterestReceivable
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
2,387us-gaap_InterestReceivable
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Financial liabilities:        
Deposits 866,308us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
823,227us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Repurchase agreements 26,122us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
32,673us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
FHLB and other borrowings 145,243mvbf_FederalHomeLoanBankAndOtherBorrowings
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
101,287mvbf_FederalHomeLoanBankAndOtherBorrowings
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Accrued interest payable 368us-gaap_DepositLiabilitiesAccruedInterest
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
376us-gaap_DepositLiabilitiesAccruedInterest
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Subordinated debt 33,524us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
33,524us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Total        
Financial assets:        
Cash and cash equivalents 26,545us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
30,077us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Certificates of deposit with other banks 11,830us-gaap_CertificatesOfDepositAtCarryingValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
12,035us-gaap_CertificatesOfDepositAtCarryingValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Securities available-for-sale 67,204us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
68,213us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Securities held-to-maturity 55,412us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
55,871us-gaap_HeldToMaturitySecuritiesFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Loans held for sale 125,802us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
69,527us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Loans, net 833,854us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
803,036us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Mortgage servicing rights 1,315us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
1,423us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Accrued interest receivable 2,828us-gaap_InterestReceivable
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
2,387us-gaap_InterestReceivable
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Financial liabilities:        
Deposits 867,410us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
824,078us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Repurchase agreements 26,122us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
32,673us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
FHLB and other borrowings 145,271mvbf_FederalHomeLoanBankAndOtherBorrowings
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
101,338mvbf_FederalHomeLoanBankAndOtherBorrowings
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Accrued interest payable 368us-gaap_DepositLiabilitiesAccruedInterest
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
376us-gaap_DepositLiabilitiesAccruedInterest
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Subordinated debt 31,172us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
31,172us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Interest rate lock commitment | Level III        
Financial assets:        
Derivative asset 1,790us-gaap_DerivativeAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
1,020us-gaap_DerivativeAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
   
Interest rate lock commitment | Carrying Value        
Financial assets:        
Derivative asset 1,790us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
1,020us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
   
Interest rate lock commitment | Total        
Financial assets:        
Derivative asset 1,790us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
1,020us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
   
Interest rate cap | Level II        
Financial assets:        
Derivative asset 987us-gaap_DerivativeAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateCapMember
1,423us-gaap_DerivativeAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateCapMember
   
Interest rate cap | Carrying Value        
Financial assets:        
Derivative asset 987us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateCapMember
1,423us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateCapMember
   
Interest rate cap | Total        
Financial assets:        
Derivative asset 987us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateCapMember
1,423us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateCapMember
   
Forward sales commitments | Level II        
Financial liabilities:        
Derivative Liability 150us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FinancialInstrumentAxis
= us-gaap_ForwardContractsMember
431us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FinancialInstrumentAxis
= us-gaap_ForwardContractsMember
   
Forward sales commitments | Carrying Value        
Financial liabilities:        
Derivative Liability 150us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_ForwardContractsMember
431us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_ForwardContractsMember
   
Forward sales commitments | Total        
Financial liabilities:        
Derivative Liability $ 150us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_ForwardContractsMember
$ 431us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_ForwardContractsMember