MVB FINANCIAL CORP Goodwill & Intangibles Disclosure
| Intangibles | ||||||||||||||||||||||||||
| (Dollars in thousands) | Goodwill | Gross | Accumulated Amortization | Net | ||||||||||||||||||||||
| Balance at January 1, 2025 | $ | 2,838 | $ | 600 | $ | (338) | $ | 262 | ||||||||||||||||||
| Reduction of goodwill and intangibles resulting from sale of Trabian | (1,638) | (600) | 346 | (254) | ||||||||||||||||||||||
| Amortization expense | — | — | (8) | (8) | ||||||||||||||||||||||
| Balance at Balance at December 31, 2025 | $ | 1,200 | $ | — | $ | — | $ | — | ||||||||||||||||||
| Balance at January 1, 2024 | $ | 2,838 | $ | 600 | $ | (248) | $ | 352 | ||||||||||||||||||
| Amortization expense | — | — | (90) | (90) | ||||||||||||||||||||||
| Balance at December 31, 2024 | $ | 2,838 | $ | 600 | $ | (338) | $ | 262 | ||||||||||||||||||
| Balance at January 1, 2023 | $ | 3,988 | $ | 3,820 | $ | (2,189) | $ | 1,631 | ||||||||||||||||||
| Reduction of goodwill and intangibles resulting from sale of Chartwell | (1,150) | (3,220) | 2,133 | (1,087) | ||||||||||||||||||||||
| Amortization expense | — | — | (192) | (192) | ||||||||||||||||||||||
| Balance at December 31, 2023 | $ | 2,838 | $ | 600 | $ | (248) | $ | 352 | ||||||||||||||||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 13, 2025 | |
| 2023 | Mar 13, 2024 | |
| 2022 | Mar 16, 2023 | |
| 2021 | Mar 10, 2022 | |
| 2020 | Mar 9, 2021 | |
| 2019 | Mar 13, 2020 | |
| 2018 | Mar 8, 2019 | |
| 2017 | Mar 8, 2018 | |
| 2016 | Mar 10, 2017 | |
| 2015 | Mar 9, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.