P6M12/312021Q1FALSE00012779024.0100012779022021-01-012021-03-31xbrli:shares00012779022021-04-30iso4217:USD00012779022021-03-3100012779022020-12-31iso4217:USDxbrli:shares00012779022020-01-012020-03-310001277902us-gaap:PreferredStockMember2020-12-310001277902us-gaap:CommonStockMember2020-12-310001277902us-gaap:AdditionalPaidInCapitalMember2020-12-310001277902us-gaap:RetainedEarningsMember2020-12-310001277902us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001277902us-gaap:TreasuryStockMember2020-12-310001277902us-gaap:ParentMember2020-12-310001277902us-gaap:NoncontrollingInterestMember2020-12-310001277902us-gaap:RetainedEarningsMember2021-01-012021-03-310001277902us-gaap:ParentMember2021-01-012021-03-310001277902us-gaap:NoncontrollingInterestMember2021-01-012021-03-310001277902us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310001277902us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-310001277902us-gaap:PreferredStockMember2021-01-012021-03-310001277902us-gaap:CommonStockMember2021-01-012021-03-310001277902us-gaap:PreferredStockMember2021-03-310001277902us-gaap:CommonStockMember2021-03-310001277902us-gaap:AdditionalPaidInCapitalMember2021-03-310001277902us-gaap:RetainedEarningsMember2021-03-310001277902us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310001277902us-gaap:TreasuryStockMember2021-03-310001277902us-gaap:ParentMember2021-03-310001277902us-gaap:NoncontrollingInterestMember2021-03-310001277902us-gaap:PreferredStockMember2019-12-310001277902us-gaap:CommonStockMember2019-12-310001277902us-gaap:AdditionalPaidInCapitalMember2019-12-310001277902us-gaap:RetainedEarningsMember2019-12-310001277902us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001277902us-gaap:TreasuryStockMember2019-12-310001277902us-gaap:ParentMember2019-12-310001277902us-gaap:NoncontrollingInterestMember2019-12-3100012779022019-12-310001277902us-gaap:RetainedEarningsMember2020-01-012020-03-310001277902us-gaap:ParentMember2020-01-012020-03-310001277902us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001277902us-gaap:AdditionalPaidInCapitalMember2020-01-012020-03-310001277902us-gaap:CommonStockMember2020-01-012020-03-310001277902us-gaap:TreasuryStockMember2020-01-012020-03-310001277902us-gaap:PreferredStockMember2020-03-310001277902us-gaap:CommonStockMember2020-03-310001277902us-gaap:AdditionalPaidInCapitalMember2020-03-310001277902us-gaap:RetainedEarningsMember2020-03-310001277902us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310001277902us-gaap:TreasuryStockMember2020-03-310001277902us-gaap:ParentMember2020-03-310001277902us-gaap:NoncontrollingInterestMember2020-03-3100012779022020-03-31xbrli:pure0001277902mvbf:FlexiaMember2021-02-280001277902mvbf:FlexiaMember2021-02-28mvbf:investment0001277902us-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-03-310001277902us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2021-03-310001277902us-gaap:USTreasurySecuritiesMember2021-03-310001277902us-gaap:USStatesAndPoliticalSubdivisionsMember2021-03-310001277902us-gaap:OtherDebtSecuritiesMember2021-03-310001277902us-gaap:DebtSecuritiesMember2021-03-310001277902mvbf:OtherSecuritiesMember2021-03-310001277902us-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-12-310001277902us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2020-12-310001277902us-gaap:USStatesAndPoliticalSubdivisionsMember2020-12-310001277902us-gaap:OtherDebtSecuritiesMember2020-12-310001277902us-gaap:DebtSecuritiesMember2020-12-310001277902mvbf:OtherSecuritiesMember2020-12-31mvbf:loan0001277902us-gaap:MunicipalNotesMember2021-03-310001277902us-gaap:MunicipalNotesMember2020-12-310001277902mvbf:AffordableHousingInvestmentFundMember2021-03-310001277902mvbf:AffordableHousingInvestmentFundMember2020-12-310001277902mvbf:AffordableHousingInvestmentFundMember2021-01-012021-03-310001277902mvbf:AffordableHousingInvestmentFundMember2020-01-012020-12-310001277902us-gaap:CommercialPortfolioSegmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMember2020-12-310001277902us-gaap:ResidentialPortfolioSegmentMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMember2020-12-310001277902us-gaap:HomeEquityLoanMember2021-03-310001277902us-gaap:HomeEquityLoanMember2020-12-310001277902us-gaap:ConsumerPortfolioSegmentMember2021-03-310001277902us-gaap:ConsumerPortfolioSegmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2021-03-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2020-12-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMember2021-03-310001277902mvbf:HomeEquityPortfolioSegmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMember2020-12-310001277902mvbf:HomeEquityPortfolioSegmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialLoanMember2021-01-012021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialLoanMember2020-01-012020-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-01-012021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2020-01-012020-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMember2021-01-012021-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMember2020-01-012020-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMember2021-01-012021-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMember2020-01-012020-03-310001277902us-gaap:CommercialPortfolioSegmentMember2021-01-012021-03-310001277902us-gaap:CommercialPortfolioSegmentMember2020-01-012020-03-310001277902us-gaap:ResidentialPortfolioSegmentMember2021-01-012021-03-310001277902us-gaap:ResidentialPortfolioSegmentMember2020-01-012020-03-310001277902mvbf:HomeEquityPortfolioSegmentMember2021-01-012021-03-310001277902mvbf:HomeEquityPortfolioSegmentMember2020-01-012020-03-310001277902us-gaap:ConsumerPortfolioSegmentMember2021-01-012021-03-310001277902us-gaap:ConsumerPortfolioSegmentMember2020-01-012020-03-310001277902mvbf:TheFirstStateBankMember2021-03-31mvbf:property0001277902us-gaap:ResidentialPortfolioSegmentMembermvbf:OtherLoanRelationshipsMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMembermvbf:OtherLoanRelationshipsMember2021-01-012021-03-310001277902us-gaap:ConsumerPortfolioSegmentMembermvbf:TheFirstStateBankMember2021-03-31mvbf:category0001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:CommercialRealEstateMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:CommercialRealEstateMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMembermvbf:CommercialAcquisitionAndDevelopmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMembermvbf:CommercialAcquisitionAndDevelopmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMemberus-gaap:SubstandardMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMemberus-gaap:DoubtfulMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:DoubtfulMember2021-03-310001277902mvbf:HomeEquityPortfolioSegmentMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMembermvbf:HomeEquityPortfolioSegmentMember2021-03-310001277902mvbf:HomeEquityPortfolioSegmentMemberus-gaap:SubstandardMember2021-03-310001277902mvbf:HomeEquityPortfolioSegmentMemberus-gaap:DoubtfulMember2021-03-310001277902us-gaap:ConsumerPortfolioSegmentMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:ConsumerPortfolioSegmentMember2021-03-310001277902us-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMember2021-03-310001277902us-gaap:DoubtfulMemberus-gaap:ConsumerPortfolioSegmentMember2021-03-310001277902us-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMember2021-03-310001277902us-gaap:SubstandardMember2021-03-310001277902us-gaap:DoubtfulMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:CommercialRealEstateMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:CommercialRealEstateMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMembermvbf:CommercialAcquisitionAndDevelopmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMembermvbf:CommercialAcquisitionAndDevelopmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMemberus-gaap:SubstandardMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMemberus-gaap:DoubtfulMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2020-12-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMember2020-12-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2020-12-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:DoubtfulMember2020-12-310001277902mvbf:HomeEquityPortfolioSegmentMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMembermvbf:HomeEquityPortfolioSegmentMember2020-12-310001277902mvbf:HomeEquityPortfolioSegmentMemberus-gaap:SubstandardMember2020-12-310001277902mvbf:HomeEquityPortfolioSegmentMemberus-gaap:DoubtfulMember2020-12-310001277902us-gaap:ConsumerPortfolioSegmentMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:ConsumerPortfolioSegmentMember2020-12-310001277902us-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMember2020-12-310001277902us-gaap:DoubtfulMemberus-gaap:ConsumerPortfolioSegmentMember2020-12-310001277902us-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMember2020-12-310001277902us-gaap:SubstandardMember2020-12-310001277902us-gaap:DoubtfulMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMembermvbf:HomeEquityPortfolioSegmentMember2021-03-310001277902mvbf:HomeEquityPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902mvbf:HomeEquityPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-03-310001277902us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:CommercialAcquisitionAndDevelopmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMembermvbf:SBAPaycheckProtectionProgramMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2020-12-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMembermvbf:HomeEquityPortfolioSegmentMember2020-12-310001277902mvbf:HomeEquityPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902mvbf:HomeEquityPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2020-12-310001277902us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMember2019-12-310001277902us-gaap:ResidentialPortfolioSegmentMember2019-12-310001277902mvbf:HomeEquityPortfolioSegmentMember2019-12-310001277902us-gaap:ConsumerPortfolioSegmentMember2019-12-310001277902us-gaap:CommercialPortfolioSegmentMember2020-03-310001277902us-gaap:ResidentialPortfolioSegmentMember2020-03-310001277902mvbf:HomeEquityPortfolioSegmentMember2020-03-310001277902us-gaap:ConsumerPortfolioSegmentMember2020-03-310001277902mvbf:AccruingMember2021-03-310001277902mvbf:AccruingMember2020-12-310001277902mvbf:PortfolioRiskMembermvbf:AccruingMembermvbf:TroubledDebtRestructuredLoansMember2021-01-012021-03-310001277902mvbf:PortfolioRiskMembermvbf:AccruingMembermvbf:TroubledDebtRestructuredLoansMember2020-01-012020-12-310001277902mvbf:CommercialAcquisitionAndDevelopmentMember2021-01-012021-03-31mvbf:borrower0001277902mvbf:CommercialAcquisitionAndDevelopmentMembermvbf:CommercialBorrowerTwoMember2021-01-012021-03-310001277902mvbf:CommercialAcquisitionAndDevelopmentMembermvbf:CommercialBorrowerOneMember2021-01-012021-03-31mvbf:contract0001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-12-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-01-012021-03-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-01-012020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-01-012021-03-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-01-012021-03-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:TheFirstStateBankMember2021-01-012021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:PassMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2021-03-310001277902us-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2021-03-310001277902us-gaap:DoubtfulMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2021-03-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:PassMember2021-03-310001277902us-gaap:SpecialMentionMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:DoubtfulMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:PassMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:DoubtfulMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2020-12-310001277902us-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2020-12-310001277902us-gaap:DoubtfulMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2020-12-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:PassMember2020-12-310001277902us-gaap:SpecialMentionMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:SubstandardMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:DoubtfulMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2021-03-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembermvbf:CommercialAcquisitionAndDevelopmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2020-12-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-12-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001277902us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001277902mvbf:SBAPaycheckProtectionProgramMember2021-03-310001277902us-gaap:LandMember2021-03-310001277902us-gaap:LandMember2020-12-310001277902us-gaap:BuildingAndBuildingImprovementsMember2021-03-310001277902us-gaap:BuildingAndBuildingImprovementsMember2020-12-310001277902mvbf:FurnitureFixturesAndEquipmentMember2021-03-310001277902mvbf:FurnitureFixturesAndEquipmentMember2020-12-310001277902mvbf:SoftwareMember2021-03-310001277902mvbf:SoftwareMember2020-12-310001277902us-gaap:ConstructionInProgressMember2021-03-310001277902us-gaap:ConstructionInProgressMember2020-12-310001277902us-gaap:LeaseholdImprovementsMember2021-03-310001277902us-gaap:LeaseholdImprovementsMember2020-12-3100012779022020-01-012020-12-310001277902mvbf:IntercoastalMortgageCompanyMember2021-01-012021-03-310001277902mvbf:IntercoastalMortgageCompanyMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2021-01-012021-03-310001277902mvbf:PaycheckProtectionProgramLiquidityFacilityMember2021-03-310001277902mvbf:PaycheckProtectionProgramLiquidityFacilityMember2020-12-310001277902us-gaap:FederalHomeLoanBankAdvancesMember2021-03-310001277902us-gaap:FederalHomeLoanBankAdvancesMember2020-12-310001277902us-gaap:FederalHomeLoanBankAdvancesMember2021-01-012021-03-310001277902us-gaap:FederalHomeLoanBankAdvancesMember2020-01-012020-12-310001277902mvbf:InvestmentSecuritiesAndFhlbLettersOfCreditMember2021-03-310001277902mvbf:InvestmentSecuritiesAndFhlbLettersOfCreditMember2020-12-310001277902us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2021-03-310001277902us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-12-310001277902us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2021-01-012021-03-310001277902us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-01-012020-12-310001277902us-gaap:SubordinatedDebtMember2021-03-310001277902us-gaap:SubordinatedDebtMember2020-12-310001277902us-gaap:SubordinatedDebtMember2021-01-012021-03-310001277902us-gaap:SubordinatedDebtMember2020-01-012020-06-300001277902us-gaap:SubordinatedDebtMember2020-11-300001277902us-gaap:SubordinatedDebtMember2020-11-012020-11-300001277902us-gaap:SubordinatedDebtMembermvbf:SubordinatedDebenturesMember2007-03-310001277902us-gaap:SubordinatedDebtMembermvbf:SubordinatedDebenturesMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-01-012021-03-3100012779022014-05-310001277902us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2021-01-012021-03-310001277902us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2021-03-31mvbf:installment0001277902us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2020-01-012020-03-310001277902us-gaap:SeriesBPreferredStockMember2020-12-310001277902us-gaap:SeriesCPreferredStockMember2020-12-310001277902mvbf:SeriesBAndSeriesCPreferredStockMember2020-12-310001277902us-gaap:SeriesBPreferredStockMember2020-12-012020-12-310001277902us-gaap:SeriesCPreferredStockMember2020-12-012020-12-310001277902us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-03-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-03-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2021-03-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-03-310001277902us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:InterestRateSwapMember2021-03-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:InterestRateSwapMember2021-03-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateSwapMember2021-03-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateSwapMember2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:InterestRateSwapMember2021-03-310001277902us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueHedgingMember2021-03-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueHedgingMember2021-03-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueHedgingMemberus-gaap:FairValueInputsLevel1Member2021-03-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueHedgingMemberus-gaap:FairValueInputsLevel2Member2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueHedgingMember2021-03-310001277902us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2020-12-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001277902us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:InterestRateSwapMember2020-12-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:InterestRateSwapMember2020-12-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateSwapMember2020-12-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateSwapMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:InterestRateSwapMember2020-12-310001277902us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueHedgingMember2020-12-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueHedgingMember2020-12-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueHedgingMemberus-gaap:FairValueInputsLevel1Member2020-12-310001277902us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueHedgingMemberus-gaap:FairValueInputsLevel2Member2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueHedgingMember2020-12-310001277902us-gaap:FairValueMeasurementsRecurringMember2021-01-012021-03-310001277902us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2021-03-310001277902us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2021-03-310001277902us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2021-03-310001277902us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:MunicipalNotesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:MunicipalNotesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:MunicipalNotesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:MunicipalNotesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:FairValueInputsLevel1Membermvbf:OtherSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902mvbf:OtherSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-03-310001277902us-gaap:FairValueInputsLevel3Membermvbf:OtherSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902mvbf:OtherSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2021-03-310001277902us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateSwapMember2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2021-03-310001277902us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2021-03-310001277902us-gaap:FairValueHedgingMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:FairValueHedgingMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueHedgingMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:FairValueHedgingMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2020-12-310001277902us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2020-12-310001277902us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2020-12-310001277902us-gaap:MunicipalNotesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:MunicipalNotesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:MunicipalNotesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:MunicipalNotesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:FairValueInputsLevel1Membermvbf:OtherSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902mvbf:OtherSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310001277902us-gaap:FairValueInputsLevel3Membermvbf:OtherSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902mvbf:OtherSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2020-12-310001277902us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateSwapMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2020-12-310001277902us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2020-12-310001277902us-gaap:FairValueHedgingMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:FairValueHedgingMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueHedgingMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:FairValueHedgingMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:LoansReceivableMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:DebtSecuritiesMemberus-gaap:MunicipalBondsMember2020-12-310001277902us-gaap:FairValueInputsLevel3Member2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:LoansReceivableMember2021-01-012021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:DebtSecuritiesMemberus-gaap:MunicipalBondsMember2021-01-012021-03-310001277902us-gaap:FairValueInputsLevel3Member2021-01-012021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:LoansReceivableMember2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:DebtSecuritiesMemberus-gaap:MunicipalBondsMember2021-03-310001277902us-gaap:FairValueInputsLevel3Member2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:LoansReceivableMember2019-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:DebtSecuritiesMemberus-gaap:MunicipalBondsMember2019-12-310001277902us-gaap:FairValueInputsLevel3Member2019-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:LoansReceivableMember2020-01-012020-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:DebtSecuritiesMemberus-gaap:MunicipalBondsMember2020-01-012020-03-310001277902us-gaap:FairValueInputsLevel3Member2020-01-012020-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:LoansReceivableMember2020-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:DebtSecuritiesMemberus-gaap:MunicipalBondsMember2020-03-310001277902us-gaap:FairValueInputsLevel3Member2020-03-310001277902us-gaap:FairValueMeasurementsNonrecurringMember2021-01-012021-03-310001277902us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Membermvbf:ImpairedFinancingReceivableMember2021-03-310001277902us-gaap:FairValueMeasurementsNonrecurringMembermvbf:ImpairedFinancingReceivableMemberus-gaap:FairValueInputsLevel2Member2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:ImpairedFinancingReceivableMember2021-03-310001277902us-gaap:FairValueMeasurementsNonrecurringMembermvbf:ImpairedFinancingReceivableMember2021-03-310001277902mvbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2021-03-310001277902mvbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2021-03-310001277902us-gaap:FairValueInputsLevel3Membermvbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-03-310001277902mvbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-03-310001277902us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Membermvbf:ImpairedFinancingReceivableMember2020-12-310001277902us-gaap:FairValueMeasurementsNonrecurringMembermvbf:ImpairedFinancingReceivableMemberus-gaap:FairValueInputsLevel2Member2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:ImpairedFinancingReceivableMember2020-12-310001277902us-gaap:FairValueMeasurementsNonrecurringMembermvbf:ImpairedFinancingReceivableMember2020-12-310001277902mvbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310001277902mvbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310001277902us-gaap:FairValueInputsLevel3Membermvbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310001277902mvbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310001277902us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:OtherDebtSecuritiesMember2020-12-310001277902us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:OtherDebtSecuritiesMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:OtherDebtSecuritiesMember2020-12-310001277902us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:OtherDebtSecuritiesMember2020-12-310001277902us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMember2020-12-310001277902us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel2Member2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:EquitySecuritiesMember2020-12-310001277902us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:EquitySecuritiesMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembermvbf:ImpairedFinancingReceivableMember2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputAppraisedValueMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembersrt:MaximumMembermvbf:ImpairedFinancingReceivableMember2021-03-310001277902us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembermvbf:MeasurementInputLiquidationExpenseMembermvbf:ImpairedFinancingReceivableMember2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembersrt:MaximumMembermvbf:MeasurementInputLiquidationExpenseMembermvbf:ImpairedFinancingReceivableMember2021-03-310001277902us-gaap:FairValueInputsLevel3Membermvbf:OtherRealEstateOwnedMemberus-gaap:MeasurementInputAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMember2021-03-310001277902us-gaap:FairValueInputsLevel3Membermvbf:OtherRealEstateOwnedMemberus-gaap:MeasurementInputAppraisedValueMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembersrt:MaximumMember2021-03-310001277902us-gaap:FairValueInputsLevel3Membermvbf:OtherRealEstateOwnedMembersrt:MinimumMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembermvbf:MeasurementInputLiquidationExpenseMember2021-03-310001277902us-gaap:FairValueInputsLevel3Membermvbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembersrt:MaximumMembermvbf:MeasurementInputLiquidationExpenseMember2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-03-310001277902us-gaap:FairValueInputsLevel3Membermvbf:MeasurementInputCostMinusImpairmentMemberus-gaap:EquitySecuritiesMembermvbf:NetAssetValueMemberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputAppraisedValueMembersrt:MinimumMemberus-gaap:MunicipalBondsMembermvbf:AppraisalOfBondMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputAppraisedValueMembersrt:MaximumMemberus-gaap:MunicipalBondsMembermvbf:AppraisalOfBondMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembermvbf:ImpairedFinancingReceivableMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputAppraisedValueMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembersrt:MaximumMembermvbf:ImpairedFinancingReceivableMember2020-12-310001277902us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembermvbf:MeasurementInputLiquidationExpenseMembermvbf:ImpairedFinancingReceivableMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembersrt:MaximumMembermvbf:MeasurementInputLiquidationExpenseMembermvbf:ImpairedFinancingReceivableMember2020-12-310001277902us-gaap:FairValueInputsLevel3Membermvbf:OtherRealEstateOwnedMemberus-gaap:MeasurementInputAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMember2020-12-310001277902us-gaap:FairValueInputsLevel3Membermvbf:OtherRealEstateOwnedMemberus-gaap:MeasurementInputAppraisedValueMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembersrt:MaximumMember2020-12-310001277902us-gaap:FairValueInputsLevel3Membermvbf:OtherRealEstateOwnedMembersrt:MinimumMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembermvbf:MeasurementInputLiquidationExpenseMember2020-12-310001277902us-gaap:FairValueInputsLevel3Membermvbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMembermvbf:AppraisalOfCollateralMembersrt:MaximumMembermvbf:MeasurementInputLiquidationExpenseMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputAppraisedValueMembersrt:MinimumMemberus-gaap:MunicipalBondsMembermvbf:AppraisalOfBondMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputAppraisedValueMembersrt:MaximumMemberus-gaap:MunicipalBondsMembermvbf:AppraisalOfBondMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001277902us-gaap:EmployeeStockOptionMember2021-01-012021-03-310001277902us-gaap:EmployeeStockOptionMember2020-01-012020-03-310001277902us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310001277902us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001277902us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310001277902us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001277902mvbf:AccumulatedGainLossNetInvestmentHedgeParentMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310001277902mvbf:AccumulatedGainLossNetInvestmentHedgeParentMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001277902us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310001277902us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001277902us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-12-310001277902us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-12-310001277902mvbf:AccumulatedGainLossNetInvestmentHedgeParentMember2020-12-310001277902us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-03-310001277902us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-01-012021-03-310001277902mvbf:AccumulatedGainLossNetInvestmentHedgeParentMember2021-01-012021-03-310001277902us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-03-310001277902us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-03-310001277902mvbf:AccumulatedGainLossNetInvestmentHedgeParentMember2021-03-310001277902us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-12-310001277902us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-12-310001277902mvbf:AccumulatedGainLossNetInvestmentHedgeParentMember2019-12-310001277902us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-01-012020-03-310001277902us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-01-012020-03-310001277902mvbf:AccumulatedGainLossNetInvestmentHedgeParentMember2020-01-012020-03-310001277902us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-03-310001277902us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-03-310001277902mvbf:AccumulatedGainLossNetInvestmentHedgeParentMember2020-03-31mvbf:segment0001277902us-gaap:OperatingSegmentsMembermvbf:CommercialAndRetailBankingSegmentMember2021-01-012021-03-310001277902us-gaap:OperatingSegmentsMembermvbf:MortgageBankingSegmentMember2021-01-012021-03-310001277902us-gaap:OperatingSegmentsMembermvbf:FinancialHoldingCompanyMember2021-01-012021-03-310001277902us-gaap:IntersegmentEliminationMember2021-01-012021-03-310001277902us-gaap:OperatingSegmentsMembermvbf:CommercialAndRetailBankingSegmentMember2021-03-310001277902us-gaap:OperatingSegmentsMembermvbf:MortgageBankingSegmentMember2021-03-310001277902us-gaap:OperatingSegmentsMembermvbf:FinancialHoldingCompanyMember2021-03-310001277902us-gaap:IntersegmentEliminationMember2021-03-310001277902us-gaap:OperatingSegmentsMembermvbf:CommercialAndRetailBankingSegmentMember2020-12-310001277902us-gaap:OperatingSegmentsMembermvbf:MortgageBankingSegmentMember2020-12-310001277902us-gaap:OperatingSegmentsMembermvbf:FinancialHoldingCompanyMember2020-12-310001277902us-gaap:IntersegmentEliminationMember2020-12-310001277902us-gaap:OperatingSegmentsMembermvbf:CommercialAndRetailBankingSegmentMember2020-01-012020-03-310001277902us-gaap:OperatingSegmentsMembermvbf:MortgageBankingSegmentMember2020-01-012020-03-310001277902us-gaap:OperatingSegmentsMembermvbf:FinancialHoldingCompanyMember2020-01-012020-03-310001277902us-gaap:IntersegmentEliminationMember2020-01-012020-03-310001277902mvbf:FlexiaMember2021-02-012021-02-280001277902mvbf:FlexiaMember2021-02-012021-02-280001277902mvbf:TrabianMemberus-gaap:SubsequentEventMember2021-04-012021-04-30mvbf:numberOfBank0001277902us-gaap:SubsequentEventMember2021-04-300001277902us-gaap:SubsequentEventMemberus-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember2021-04-300001277902us-gaap:SubordinatedDebtMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember2020-11-012020-11-30

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $1.00 par value

MVBF

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐

Accelerated filer ☒

Non-accelerated filer ☐

Smaller reporting company ☒

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark if the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer's classes of common stock as of the latest practicable date:

As of April 30, 2021, the Registrant had 11,622,335 shares of common stock outstanding with a par value of $1.00 per share.

TABLE OF CONTENTS

						Page
PART I			FINANCIAL INFORMATION			5
Item 1			Financial Statements			5
			Consolidated Balance Sheets			5
			Consolidated Statements of Income			6
			Consolidated Statements of Comprehensive Income			7
			Consolidated Statements of Changes in Stockholders’ Equity			8
			Consolidated Statements of Cash Flows			9
			Notes to the Consolidated Financial Statements			10
Item 2			Management’s Discussion and Analysis of Financial Condition and Results of Operations			38
Item 3			Quantitative and Qualitative Disclosures About Market Risk			49
Item 4			Controls and Procedures			52
PART II			OTHER INFORMATION			53
Item 1			Legal Proceedings			53
Item 1A			Risk Factors			53
Item 2			Unregistered Sales of Equity Securities and Use of Proceeds			53
Item 3			Defaults Upon Senior Securities			53
Item 4			Mine Safety Disclosures			53
Item 5			Other Information			53
Item 6			Exhibits			53
			SIGNATURES			54

Forward-Looking Statements:

Statements in this Quarterly Report on Form 10-Q that are based on other than historical data are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations or forecasts of future events and include, among others, statements with respect to the beliefs, plans, objectives, goals, guidelines, expectations, anticipations and future financial condition, results of operations and performance of the Company and its subsidiaries (collectively, “we,” “our,” or “us”), including the Bank, and statements preceded by, followed by or that include the words “may,” “could,” “should,” “would,” “will,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or the negative of those terms or similar expressions.

These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing the Company's view as of any subsequent date. Forward-looking statements involve significant risks and uncertainties (both known and unknown) and actual results may differ materially from those presented, either expressed or implied, including, but not limited to, those presented in the Management’s Discussion and Analysis section. Factors that might cause such differences include, but are not limited to:

l			the length, severity, magnitude and duration of the Coronavirus Disease (“COVID-19”) pandemic and the direct and indirect impacts of the COVID-19 pandemic, including its impact on the Company’s financial condition and business operations;
l			changes in the economy, which could materially impact credit quality trends and the ability to generate loans and gather deposits, including the pace of recovery following the COVID-19 pandemic;
l			ability to successfully execute business plans, manage risks and achieve objectives, including strategies related to recent investments in financial technology (“Fintech”);
l			market, economic, operational, liquidity, credit and interest rate risks associated with the Company's business;
l			changes in local, national and international political and economic conditions, including without limitation, changes in the political and economic climate, economic conditions and other major developments, including wars, natural disasters, epidemics and pandemics, military actions and terrorist attacks;
l			changes in financial market conditions, either internationally, nationally or locally in areas in which the Company conducts operations, including without limitation, reduced rates of business formation and growth, commercial and residential real estate development and real estate prices;
l			unanticipated changes in the Company's liquidity position, including but not limited to changes in access to sources of liquidity and capital to address its liquidity needs;
l			changes in interest rates;
l			the quality and composition of the loan and securities portfolios;
l			ability to successfully conduct acquisitions and integrate acquired businesses and potential difficulties in expanding businesses in existing and new markets;
l			ability to successfully manage credit risk and the sufficiency of allowance for credit losses;
l			increases in the levels of losses, customer bankruptcies, bank failures, claims and assessments;
l			changes in government legislation and accounting policies, including the Dodd-Frank Act and Economic Growth, Regulatory Relief and Consumer Protection Act (“EGRRCPA”);
l			uncertainty about the discontinued use of the London Inter-bank Offered Rate (“LIBOR”) and the transition to an alternative rate;
l			competition and consolidation in the financial services industry;
l			new legal claims against us, including litigation, arbitration and proceedings brought by governmental or self-regulatory agencies or changes in existing legal matters;
l			success in gaining regulatory approvals, when required, including for proposed mergers or acquisitions;
l			changes in consumer spending and savings habits, including demand for loan products and deposit flow;
l			increased competitive challenges and expanding product and pricing pressures among financial institutions and non-bank financial companies;
l			operational risks or risk management failures by us or critical third parties, including without limitation, with respect to data processing, information systems, cyber-security, technological changes, vendor problems, business interruptions and fraud risk;
l			failure or circumvention of internal controls;
l			legislation or regulatory changes which adversely affect operations or business, including changes to address the impact of COVID-19 through the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and other legislative and regulatory responses to the COVID-19 pandemic; and

l			ability to comply with applicable laws and regulations; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board (“FASB”) or regulatory agencies, including the impact of future adoption of new Current Expected Credit Losses (“CECL”) standard; and
l			costs of deposit insurance and changes with respect to Federal Deposit Insurance Corporation (“FDIC”) insurance coverage levels.
l			other risks and uncertainties detailed in Part I, Item 1A, Risk Factors, in the Annual Report to Shareholders on Form 10-K for the year ended December 31, 2020 (the “2020 Form 10-K”).

Certain risk factors that might cause actual results to differ materially from those presented are more fully described in the 2020 Form 10-K, filed with the SEC on March 9, 2021, within Part I, Item 1A, Risk Factors, and from time to time, in other filings with the Securities and Exchange Commission (“SEC”). Actual results may differ materially from those expressed in or implied by any forward-looking statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. Except to the extent required by law, the Company specifically disclaims any obligation to update any factors or to publicly announce the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.