10-Q 1 fvcb-20220630.htm 10-Q fvcb-20220630
0001675644--12-312022Q2falsehttp://fasb.org/us-gaap/2021-01-31#MeasurementInputCostToSellMemberhttp://fasb.org/us-gaap/2021-01-31#MeasurementInputCostToSellMemberhttp://www.fvcbank.com/20220630#ValuationTechniqueDiscountedAppraisedValueMemberhttp://www.fvcbank.com/20220630#ValuationTechniqueDiscountedAppraisedValueMemberTRUE00016756442022-01-012022-06-3000016756442022-08-05xbrli:shares00016756442022-06-30iso4217:USD00016756442021-12-31iso4217:USDxbrli:shares00016756442022-04-012022-06-3000016756442021-04-012021-06-3000016756442021-01-012021-06-3000016756442020-12-3100016756442021-06-300001675644us-gaap:CommonStockMember2020-12-310001675644us-gaap:AdditionalPaidInCapitalMember2020-12-310001675644us-gaap:RetainedEarningsMember2020-12-310001675644us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001675644us-gaap:RetainedEarningsMember2021-01-012021-06-300001675644us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-06-300001675644us-gaap:CommonStockMember2021-01-012021-06-300001675644us-gaap:AdditionalPaidInCapitalMember2021-01-012021-06-300001675644us-gaap:CommonStockMember2021-06-300001675644us-gaap:AdditionalPaidInCapitalMember2021-06-300001675644us-gaap:RetainedEarningsMember2021-06-300001675644us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-300001675644us-gaap:CommonStockMember2021-03-310001675644us-gaap:AdditionalPaidInCapitalMember2021-03-310001675644us-gaap:RetainedEarningsMember2021-03-310001675644us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-3100016756442021-03-310001675644us-gaap:RetainedEarningsMember2021-04-012021-06-300001675644us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300001675644us-gaap:CommonStockMember2021-04-012021-06-300001675644us-gaap:AdditionalPaidInCapitalMember2021-04-012021-06-300001675644us-gaap:CommonStockMember2021-12-310001675644us-gaap:AdditionalPaidInCapitalMember2021-12-310001675644us-gaap:RetainedEarningsMember2021-12-310001675644us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310001675644us-gaap:RetainedEarningsMember2022-01-012022-06-300001675644us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-06-300001675644us-gaap:CommonStockMember2022-01-012022-06-300001675644us-gaap:AdditionalPaidInCapitalMember2022-01-012022-06-300001675644us-gaap:CommonStockMember2022-06-300001675644us-gaap:AdditionalPaidInCapitalMember2022-06-300001675644us-gaap:RetainedEarningsMember2022-06-300001675644us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-300001675644us-gaap:CommonStockMember2022-03-310001675644us-gaap:AdditionalPaidInCapitalMember2022-03-310001675644us-gaap:RetainedEarningsMember2022-03-310001675644us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-3100016756442022-03-310001675644us-gaap:RetainedEarningsMember2022-04-012022-06-300001675644us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012022-06-300001675644us-gaap:CommonStockMember2022-04-012022-06-300001675644us-gaap:AdditionalPaidInCapitalMember2022-04-012022-06-300001675644fvcb:AtlanticCoastMortgageLlcMember2021-08-31xbrli:pure0001675644fvcb:AtlanticCoastMortgageLlcMember2021-08-012021-08-3100016756442021-08-012021-08-310001675644fvcb:SecuritiesOfStateAndPoliticalSubdivisionsNontaxableMember2022-06-300001675644us-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-06-300001675644fvcb:SecuritiesOfStateAndPoliticalSubdivisionsTaxableMember2022-06-300001675644us-gaap:CorporateBondSecuritiesMember2022-06-300001675644fvcb:SmallBusinessAdministrationPassThroughSecuritiesMember2022-06-300001675644us-gaap:MortgageBackedSecuritiesMember2022-06-300001675644us-gaap:CollateralizedMortgageObligationsMember2022-06-300001675644fvcb:SecuritiesOfStateAndPoliticalSubdivisionsNontaxableMember2021-12-310001675644us-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-12-310001675644fvcb:SecuritiesOfStateAndPoliticalSubdivisionsTaxableMember2021-12-310001675644us-gaap:CorporateBondSecuritiesMember2021-12-310001675644fvcb:SmallBusinessAdministrationPassThroughSecuritiesMember2021-12-310001675644us-gaap:MortgageBackedSecuritiesMember2021-12-310001675644us-gaap:CollateralizedMortgageObligationsMember2021-12-310001675644fvcb:FederalReserveBankMember2022-06-300001675644fvcb:FederalReserveBankMember2021-12-310001675644fvcb:VirginiaDepartmentOfTreasuryMember2022-06-300001675644fvcb:VirginiaDepartmentOfTreasuryMember2021-12-310001675644us-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-01-012022-06-30fvcb:security0001675644fvcb:SecuritiesOfStateAndPoliticalSubdivisionsNontaxableMember2022-01-012022-06-300001675644fvcb:SecuritiesOfStateAndPoliticalSubdivisionsTaxableMember2022-01-012022-06-300001675644srt:StandardPoorsBBBPlusRatingMemberus-gaap:CorporateBondSecuritiesMember2022-01-012022-06-300001675644us-gaap:CorporateBondSecuritiesMembersrt:StandardPoorsBBBRatingMember2022-01-012022-06-300001675644fvcb:StandardPoorsNoRatingMemberus-gaap:CorporateBondSecuritiesMember2022-01-012022-06-300001675644fvcb:SmallBusinessAdministrationPassThroughSecuritiesMember2022-01-012022-06-300001675644us-gaap:MortgageBackedSecuritiesMember2022-01-012022-06-300001675644us-gaap:CollateralizedMortgageObligationsMember2022-01-012022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-12-310001675644us-gaap:FinancialAssetOriginatedMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMember2022-06-300001675644us-gaap:FinancialAssetOriginatedMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMember2021-12-310001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2022-06-300001675644us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2022-06-300001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-12-310001675644us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2021-12-3100016756442021-01-012021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-03-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2022-03-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-03-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-03-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-03-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-04-012022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2022-04-012022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-04-012022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-04-012022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-04-012022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-01-012022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2022-01-012022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-01-012022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-01-012022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-01-012022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-03-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2021-03-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-03-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-03-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-03-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-04-012021-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2021-04-012021-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-04-012021-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-04-012021-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-04-012021-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2021-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2020-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2020-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2020-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2020-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2020-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-01-012021-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2021-01-012021-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-01-012021-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-01-012021-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-01-012021-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-01-012021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2021-01-012021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-01-012021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-01-012021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-01-012021-12-310001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-06-300001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-06-300001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-06-300001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-06-300001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-06-300001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2021-06-300001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-06-300001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-06-300001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-06-300001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-06-300001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-12-310001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-12-310001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-12-310001675644us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2022-01-012022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2022-01-012022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2022-01-012022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2022-01-012022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMember2022-01-012022-06-300001675644us-gaap:FinancialAssetOriginatedMember2022-01-012022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2021-01-012021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2021-01-012021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2021-01-012021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2021-01-012021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMember2021-01-012021-12-310001675644us-gaap:FinancialAssetOriginatedMember2021-01-012021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:SpecialMentionMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:SpecialMentionMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:SpecialMentionMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2022-06-300001675644us-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:PassMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberus-gaap:ConstructionLoansMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:PassMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:PassMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:SpecialMentionMemberus-gaap:RealEstateSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:SpecialMentionMemberus-gaap:CommercialRealEstateMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SpecialMentionMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SubstandardMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:SpecialMentionMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:SpecialMentionMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:SpecialMentionMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2021-12-310001675644us-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:PassMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberus-gaap:ConstructionLoansMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:PassMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:PassMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:SpecialMentionMemberus-gaap:RealEstateSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:SpecialMentionMemberus-gaap:CommercialRealEstateMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SpecialMentionMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:SubstandardMember2021-12-310001675644us-gaap:SpecialMentionMemberus-gaap:FinancialAssetOriginatedMember2022-01-012022-06-300001675644us-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMember2022-01-012022-06-300001675644us-gaap:SubstandardMemberfvcb:DiscountedFinancialAssetOriginatedMember2022-01-012022-06-300001675644us-gaap:SubstandardMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConstructionLoansMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConstructionLoansMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2022-06-300001675644us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConstructionLoansMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001675644us-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300001675644us-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001675644us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:FinancialAssetPastDueMemberus-gaap:FinancialAssetOriginatedMember2022-06-300001675644us-gaap:FinancialAssetOriginatedMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConstructionLoansMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConstructionLoansMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConstructionLoansMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConstructionLoansMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetPastDueMember2022-06-300001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConstructionLoansMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConstructionLoansMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2021-12-310001675644us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ConstructionLoansMember2021-12-310001675644us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConstructionLoansMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310001675644us-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310001675644us-gaap:FinancialAssetOriginatedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001675644us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:FinancialAssetPastDueMemberus-gaap:FinancialAssetOriginatedMember2021-12-310001675644us-gaap:FinancialAssetOriginatedMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConstructionLoansMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConstructionLoansMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConstructionLoansMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConstructionLoansMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateSectorMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetPastDueMember2021-12-310001675644fvcb:TotalFinancialAssetsAcquiredMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310001675644srt:RestatementAdjustmentMember2022-06-300001675644srt:RestatementAdjustmentMember2021-12-310001675644srt:FederalHomeLoanBankOfAtlantaMember2022-06-300001675644srt:FederalHomeLoanBankOfAtlantaMember2021-12-31fvcb:contract0001675644us-gaap:InterestRateSwapMember2022-01-012022-06-30fvcb:agreement0001675644us-gaap:InterestRateSwapMember2022-06-300001675644us-gaap:InterestRateSwapMember2022-01-012022-03-310001675644us-gaap:InterestRateSwapMember2021-12-310001675644fvcb:ReceiveFixedOrPayVariableSwapsMember2022-06-300001675644fvcb:PayFixedOrReceiveVariableSwapsMember2022-06-300001675644fvcb:ReceiveFixedOrPayVariableSwapsMember2021-12-310001675644fvcb:PayFixedOrReceiveVariableSwapsMember2021-12-310001675644us-gaap:CashFlowHedgingMember2022-06-300001675644us-gaap:CashFlowHedgingMember2021-12-310001675644us-gaap:CashFlowHedgingMember2022-01-012022-06-300001675644us-gaap:CashFlowHedgingMember2021-01-012021-12-310001675644us-gaap:CreditRiskContractMemberus-gaap:CommitmentsToExtendCreditMember2022-06-300001675644us-gaap:CreditRiskContractMemberus-gaap:CommitmentsToExtendCreditMember2021-12-310001675644us-gaap:UnusedLinesOfCreditMemberus-gaap:CreditRiskContractMember2022-06-300001675644us-gaap:UnusedLinesOfCreditMemberus-gaap:CreditRiskContractMember2021-12-310001675644us-gaap:CreditRiskContractMemberus-gaap:FinancialStandbyLetterOfCreditMember2022-06-300001675644us-gaap:CreditRiskContractMemberus-gaap:FinancialStandbyLetterOfCreditMember2021-12-310001675644us-gaap:CreditRiskContractMemberus-gaap:InterestRateLockCommitmentsMember2022-06-300001675644us-gaap:CreditRiskContractMemberus-gaap:InterestRateLockCommitmentsMember2021-12-310001675644us-gaap:CreditRiskContractMemberus-gaap:FinancialStandbyLetterOfCreditMember2022-01-012022-06-300001675644fvcb:AmendedAndRestatedOptionPlan2008Memberus-gaap:EmployeeStockOptionMember2022-01-012022-06-300001675644fvcb:AmendedAndRestatedOptionPlan2008Memberus-gaap:EmployeeStockOptionMember2022-06-300001675644fvcb:AmendedAndRestatedOptionPlan2008Memberus-gaap:EmployeeStockOptionMember2021-01-012021-06-300001675644fvcb:AmendedAndRestatedOptionPlan2008Memberus-gaap:EmployeeStockOptionMember2021-12-310001675644fvcb:AmendedAndRestatedOptionPlan2008Memberus-gaap:EmployeeStockOptionMember2021-01-012021-12-310001675644us-gaap:EmployeeStockOptionMember2022-04-012022-06-300001675644us-gaap:EmployeeStockOptionMember2021-04-012021-06-300001675644us-gaap:EmployeeStockOptionMember2022-01-012022-06-300001675644us-gaap:EmployeeStockOptionMember2021-01-012021-06-300001675644fvcb:AmendedAndRestatedOptionPlan2008Memberus-gaap:RestrictedStockMember2022-01-012022-06-300001675644fvcb:AmendedAndRestatedOptionPlan2008Memberus-gaap:RestrictedStockMember2021-01-012021-06-300001675644fvcb:AmendedAndRestatedOptionPlan2008Memberus-gaap:RestrictedStockMember2021-12-310001675644fvcb:AmendedAndRestatedOptionPlan2008Memberus-gaap:RestrictedStockMember2022-06-300001675644us-gaap:RestrictedStockMember2022-06-300001675644us-gaap:RestrictedStockMember2022-01-012022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-06-300001675644fvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxExemptMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300001675644fvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxExemptMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-06-300001675644fvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxExemptMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-06-300001675644fvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxExemptMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberfvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxableMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberfvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxableMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberfvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxableMemberus-gaap:FairValueInputsLevel2Member2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberfvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxableMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateBondSecuritiesMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CorporateBondSecuritiesMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberfvcb:SmallBusinessAdministrationPassThroughSecuritiesMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberfvcb:SmallBusinessAdministrationPassThroughSecuritiesMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberfvcb:SmallBusinessAdministrationPassThroughSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberfvcb:SmallBusinessAdministrationPassThroughSecuritiesMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedMortgageObligationsMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedMortgageObligationsMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueInputsLevel2Member2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CollateralizedMortgageObligationsMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-06-300001675644us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:InterestRateSwapMember2022-06-300001675644us-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateSwapMember2022-06-300001675644us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Member2022-06-300001675644us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateSwapMember2022-06-300001675644us-gaap:CashFlowHedgingMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300001675644us-gaap:FairValueInputsLevel1Memberus-gaap:CashFlowHedgingMember2022-06-300001675644us-gaap:CashFlowHedgingMemberus-gaap:FairValueInputsLevel2Member2022-06-300001675644us-gaap:FairValueInputsLevel3Memberus-gaap:CashFlowHedgingMember2022-06-300001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-12-310001675644fvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxExemptMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001675644fvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxExemptMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310001675644fvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxExemptMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001675644fvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxExemptMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberfvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxableMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberfvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxableMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberfvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxableMemberus-gaap:FairValueInputsLevel2Member2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberfvcb:UsStatesAndPoliticalSubdivisionsDebtSecuritiesTaxableMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateBondSecuritiesMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel2Member2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CorporateBondSecuritiesMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberfvcb:SmallBusinessAdministrationPassThroughSecuritiesMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberfvcb:SmallBusinessAdministrationPassThroughSecuritiesMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberfvcb:SmallBusinessAdministrationPassThroughSecuritiesMemberus-gaap:FairValueInputsLevel2Member2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberfvcb:SmallBusinessAdministrationPassThroughSecuritiesMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedMortgageObligationsMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedMortgageObligationsMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueInputsLevel2Member2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CollateralizedMortgageObligationsMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMember2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001675644us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001675644us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:InterestRateSwapMember2021-12-310001675644us-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateSwapMember2021-12-310001675644us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Member2021-12-310001675644us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateSwapMember2021-12-310001675644us-gaap:CashFlowHedgingMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310001675644us-gaap:FairValueInputsLevel1Memberus-gaap:CashFlowHedgingMember2021-12-310001675644us-gaap:CashFlowHedgingMemberus-gaap:FairValueInputsLevel2Member2021-12-310001675644us-gaap:FairValueInputsLevel3Memberus-gaap:CashFlowHedgingMember2021-12-310001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-06-300001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2022-06-300001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2022-06-300001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2022-06-300001675644us-gaap:FairValueMeasurementsNonrecurringMember2022-06-300001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2022-06-300001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2022-06-300001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2022-06-300001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001675644us-gaap:FairValueMeasurementsNonrecurringMember2021-12-310001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001675644us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001675644us-gaap:FairValueInputsLevel3Memberus-gaap:CommercialAndIndustrialSectorMembersrt:MinimumMember2022-06-300001675644us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:CommercialAndIndustrialSectorMember2022-06-300001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMember2022-06-300001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMember2022-06-300001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMember2022-06-300001675644us-gaap:FairValueInputsLevel3Membersrt:MinimumMember2022-06-300001675644us-gaap:FairValueInputsLevel3Membersrt:MaximumMember2022-06-300001675644us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMember2022-06-300001675644us-gaap:FairValueInputsLevel3Memberus-gaap:CommercialAndIndustrialSectorMembersrt:MinimumMember2021-12-310001675644us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:CommercialAndIndustrialSectorMember2021-12-310001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMember2021-12-310001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMember2021-12-310001675644us-gaap:ResidentialRealEstateMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMember2021-12-310001675644us-gaap:FairValueInputsLevel3Membersrt:MinimumMember2021-12-310001675644us-gaap:FairValueInputsLevel3Membersrt:MaximumMember2021-12-310001675644us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMember2021-12-310001675644us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300001675644us-gaap:FairValueInputsLevel1Member2022-06-300001675644us-gaap:FairValueInputsLevel2Member2022-06-300001675644us-gaap:FairValueInputsLevel3Member2022-06-300001675644us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310001675644us-gaap:FairValueInputsLevel1Member2021-12-310001675644us-gaap:FairValueInputsLevel2Member2021-12-310001675644us-gaap:FairValueInputsLevel3Member2021-12-31fvcb:component0001675644us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-03-310001675644us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2022-03-310001675644us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-04-012022-06-300001675644us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2022-04-012022-06-300001675644us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-06-300001675644us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2022-06-300001675644us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-12-310001675644us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2021-12-310001675644us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-300001675644us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2022-01-012022-06-300001675644us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-03-310001675644us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2021-03-310001675644us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-04-012021-06-300001675644us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2021-04-012021-06-300001675644us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-06-300001675644us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2021-06-300001675644us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2020-12-310001675644us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2020-12-310001675644us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-300001675644us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2021-01-012021-06-300001675644us-gaap:SubordinatedDebtMember2016-06-200001675644us-gaap:SubordinatedDebtMemberus-gaap:LondonInterbankOfferedRateLIBORMember2022-01-012022-06-300001675644us-gaap:SubordinatedDebtMembersrt:MinimumMember2022-01-012022-06-300001675644srt:MaximumMemberus-gaap:SubordinatedDebtMember2022-01-012022-06-300001675644us-gaap:SubordinatedDebtMember2022-01-012022-06-300001675644us-gaap:SubordinatedDebtMember2021-01-012021-12-310001675644us-gaap:SubordinatedDebtMember2022-02-012022-02-280001675644fvcb:SubordinatedDebtMaturing2030Member2020-10-130001675644fvcb:SubordinatedDebtMaturing2030Member2020-10-132020-10-130001675644fvcb:SecuredOvernightFinancingRateMemberfvcb:SubordinatedDebtMaturing2030Member2020-10-132020-10-130001675644fvcb:ServiceChargesOnDepositAccountsMemberus-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member2022-04-012022-06-300001675644fvcb:ServiceChargesOnDepositAccountsMemberus-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member2021-04-012021-06-300001675644fvcb:ServiceChargesOnDepositAccountsMemberus-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member2022-01-012022-06-300001675644fvcb:ServiceChargesOnDepositAccountsMemberus-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member2021-01-012021-06-300001675644us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Memberfvcb:FeesExchangeAndOtherServiceChargesMember2022-04-012022-06-300001675644us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Memberfvcb:FeesExchangeAndOtherServiceChargesMember2021-04-012021-06-300001675644us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Memberfvcb:FeesExchangeAndOtherServiceChargesMember2022-01-012022-06-300001675644us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Memberfvcb:FeesExchangeAndOtherServiceChargesMember2021-01-012021-06-300001675644us-gaap:OtherIncomeMemberus-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member2022-04-012022-06-300001675644us-gaap:OtherIncomeMemberus-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member2021-04-012021-06-300001675644us-gaap:OtherIncomeMemberus-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member2022-01-012022-06-300001675644us-gaap:OtherIncomeMemberus-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member2021-01-012021-06-300001675644us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member2022-04-012022-06-300001675644us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member2021-04-012021-06-300001675644us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member2022-01-012022-06-300001675644us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member2021-01-012021-06-30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended June 30, 2022

or

Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission File Number: 001-38647

FVCBankcorp, Inc.
(Exact name of registrant as specified in its charter)

Virginia47-5020283
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)


11325 Random Hills Road
Suite 240
Fairfax, Virginia22030
(Address of principal executive offices)(Zip Code)

(703) 436-3800
(Registrant’s telephone number, including area code)

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, $0.01 par valueFVCBThe 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 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 such files). Yes No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a 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 filerAccelerated filer
Non-accelerated filerSmaller 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 whether 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:

13,970,748 shares of common stock, par value $0.01 per share, outstanding as of August 5, 2022




FVCBankcorp, Inc.
INDEX TO FORM 10-Q
2

PART I — FINANCIAL INFORMATION
Item 1. Financial Statements
FVCBankcorp, Inc. and Subsidiary
Consolidated Balance Sheets
June 30, 2022 and December 31, 2021
(In thousands, except share data)
June 30, 2022December 31, 2021*
(Unaudited)
Assets
Cash and due from banks$11,730 $24,613 
Interest-bearing deposits at other financial institutions196,187 216,345 
Securities held-to-maturity (fair value of $0.3 million for both June 30, 2022 and December 31, 2021)
264 264 
Securities available-for-sale, at fair value307,618 357,774 
Restricted stock, at cost6,562 6,372 
Loans, net of allowance for loan losses of $15.0 million and $13.8 million at June 30, 2022 and December 31, 2021, respectively
1,649,275 1,490,020 
Premises and equipment, net1,334 1,584 
Accrued interest receivable8,132 8,074 
Prepaid expenses2,985 1,393 
Deferred tax assets, net15,843 8,629 
Goodwill and intangibles, net7,914 8,052 
Bank owned life insurance (BOLI)54,663 39,171 
Operating lease right-of-use assets9,554 10,167 
Other assets33,844 30,466 
Total assets$2,305,905 $2,202,924 
Liabilities and Stockholders' Equity
Liabilities
Deposits:
Noninterest-bearing$541,815 $581,293 
Interest-bearing checking, savings and money market1,166,930 1,071,059 
Time deposits218,432 231,417 
Total deposits$1,927,177 $1,883,769 
Federal funds purchased$115,000 $ 
FHLB advances25,000 25,000 
Subordinated notes, net of issuance costs19,537 19,510 
Accrued interest payable698 1,034 
Operating lease liabilities10,485 11,111 
Accrued expenses and other liabilities10,409 52,704 
Total liabilities$2,108,306 $1,993,128 
Commitments and Contingent Liabilities
Stockholders' Equity20222021
Preferred stock, $0.01 par value
Shares authorized1,000,0001,000,000
Shares issued and outstanding$ $ 
Common stock, $0.01 par value
Shares authorized20,000,00020,000,000
Shares issued and outstanding13,970,74813,727,045140 137 
Additional paid-in capital123,708 121,798 
Retained earnings102,943 89,904 
Accumulated other comprehensive (loss), net(29,192)(2,043)
Total stockholders' equity$197,599 $209,796 
Total liabilities and stockholders' equity$2,305,905 $2,202,924 
See Notes to Consolidated Financial Statements.
3

*Derived from audited consolidated financial statements.
4

FVCBankcorp, Inc. and Subsidiary
Consolidated Statements of Income
For the three and six months ended June 30, 2022 and 2021
(In thousands, except per share data)
(Unaudited)
For the three months endedFor the six months ended
June 30,June 30,
2022202120222021
Interest and Dividend Income
Interest and fees on loans$17,243 $15,751 $32,850 $31,683 
Interest and dividends on securities held-to-maturity2 1 2 2 
Interest and dividends on securities available-for-sale1,503 872 2,991 1,590 
Dividends on restricted stock78 81 161 163 
Interest on deposits at other financial institutions200 71 245 116 
Total interest and dividend income$19,026 $16,776 $36,249 $33,554 
Interest Expense
Interest on deposits$1,897 $1,855 $3,727 $3,855 
Interest on federal funds purchased11  11  
Interest on short-term debt73 84 158 168 
Interest on subordinated notes258 651 515 1,302 
Total interest expense$2,239 $2,590 $4,411 $5,325 
Net Interest Income$16,787 $14,186 $31,838 $28,229 
Provision for loan losses1,185  1,535  
Net interest income after provision for loan losses$15,602 $14,186 $30,303 $28,229 
Noninterest Income
Service charges on deposit accounts$230 $247 $464 $490 
BOLI income254 250 492 498 
Income from minority membership interest 2  914  
Other income159 188 399 488 
Total noninterest income$645 $685 $2,269 $1,476 
Noninterest Expenses
Salaries and employee benefits$4,914 $4,458 $9,891 $9,006 
Occupancy and equipment expense812 820 1,651 1,627 
Data processing and network administration550 551 1,092 1,114 
State franchise taxes509 487 1,018 991 
Audit, legal and consulting fees288 503 649 857 
Merger and acquisition expense  125  
Loan related expenses(59)307 (12)413 
FDIC insurance180 220 360 430 
Marketing, business development and advertising89 56 177 105 
Director fees155 153 335 291 
Postage, courier and telephone40 49 91 95 
Internet banking157 142 301 275 
Core deposit intangible amortization131 78 201 158 
Other operating expenses450 404 778 748 
Total noninterest expenses$8,216 $8,228 $16,657 $16,110 
Net income before income tax expense$8,031 $6,643 $15,915 $13,595 
Income tax expense1,606 1,478 2,876 2,861 
Net income$6,425 $5,165 $13,039 $10,734 
Earnings per share, basic$0.46 $0.38 $0.94 $0.79 
Earnings per share, diluted$0.43 $0.36 $0.88 $0.74 
See Notes to Consolidated Financial Statements.
5

FVCBankcorp, Inc. and Subsidiary
Consolidated Statements of Comprehensive Income (Loss)
For the three and six months ended June 30, 2022 and 2021
(In thousands)
(Unaudited)

For the three months endedFor the six months ended
June 30,June 30,
2022202120222021
Net income$6,425 $5,165 $13,039 $10,734 
Other comprehensive (loss) income:
Unrealized loss (gain) on securities available for sale, net of tax benefit of $2,700 and $7,400 for the three and six months ended June 30, 2022, respectively, and net of tax expense of $49 for the three months ended June 30, 2021, and net of tax benefit of $247 for the six months ended June 30, 2021, respectively.
(10,199)183 (27,878)(1,098)
Unrealized gain on interest rate swaps, net of tax expense of $59 and $194 for the three and six months ended June 30, 2022 and net of tax expense of $15 and $57 for the three and six months ended June 30, 2021, respectively.
221 57 729 213 
Total other comprehensive (loss) income$(9,978)$240 $(27,149)$(885)
Total comprehensive (loss) income$(3,553)$5,405 $(14,110)$9,849 

See Notes to Consolidated Financial Statements.

6

FVCBankcorp, Inc. and Subsidiary
Consolidated Statements of Cash Flows
For the six months ended June 30, 2022 and 2021
(In thousands)
(Unaudited)
20222021
Cash Flows From Operating Activities
Net income$13,039 $10,734 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation215 298 
Provision for loan losses1,535  
Net amortization of premium of securities333 201 
Net accretion of deferred loan costs and fees(1,228)(3,086)
Net accretion of acquisition accounting adjustments (98)(272)
Income from minority membership interest(914) 
Amortization of subordinated debt issuance costs27 61 
Core deposits intangible amortization201 158 
Stock-based compensation expense452 460 
BOLI income(492)(498)
Changes in assets and liabilities:
(Increase) decrease in accrued interest receivable, prepaid expenses and other assets(4,344)3,840 
Decrease in accrued interest payable, accrued expenses and other liabilities(2,272)(4,926)
Net cash provided by operating activities$6,454 $6,970 
Cash Flows From Investing Activities
Decrease (increase) in interest-bearing deposits at other financial institutions $20,158 $(70,325)
Purchases of securities available-for-sale(46,160)(96,769)
Proceeds from maturities and calls of securities available-for-sale 2,000 
Proceeds from redemptions of securities available-for-sale20,481 18,965 
Net (purchase) redemption of restricted stock(190)191 
Net (increase) decrease in loans(159,459)(5,429)
Purchase of bank-owned life insurance(15,000) 
Distribution received from minority owned investment1,040  
Purchases of premises and equipment, net(71)(171)
Net cash used in investing activities$(179,201)$(151,538)
Cash Flows From Financing Activities
Net increase in noninterest-bearing, interest-bearing checking, savings, and money market deposits$56,393 $182,339 
Increase in federal funds purchased115,000  
Net decrease in time deposits(12,990)(34,628)
Common stock issuance1,461 878 
Net cash provided by financing activities$159,864 $148,589 
Net increase (decrease) in cash and cash equivalents$(12,883)$4,021 
Cash and cash equivalents, beginning of year24,613 20,835 
Cash and cash equivalents, end of period$11,730 $24,856 
See Notes to Consolidated Financial Statements.
7

FVCBankcorp, Inc. and Subsidiary
Consolidated Statements of Changes in Stockholders’ Equity
For the three and six months ended June 30, 2022 and 2021
(In thousands)
(Unaudited)

SharesCommon StockAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Total
Balance at December 31, 2020
13,511$135 $119,568 $67,971 $1,826 $189,500 
Net income— — 10,734 — 10,734 
Other comprehensive loss— — — (885)(885)
Common stock issuance for options exercised, net1361 877 — — 878 
Vesting of restricted stock grants1— — — — — 
Stock-based compensation expense— 460 — — 460 
Balance at June 30, 2021
13,648$136 $120,905 $78,705 $941 $200,687 
Balance at March 31, 202113,639$136 $120,552 $73,540 $701 $194,929 
 Net income— — 5,165 — 5,165 
Other comprehensive income— — — 240 240 
Common stock issuance for options exercised, net8— 59 — — 59 
Vesting of restricted stock grants1— — — — — 
Stock-based compensation expense— 294 — — 294 
Balance at June 30, 2021
13,648$136 $120,905 $78,705 $941 $200,687 
Balance at December 31, 2021
13,727$137 $121,798 $89,904 $(2,043)$209,796 
Net income— — 13,039 — 13,039 
Other comprehensive loss— — — (27,149)(27,149)
Common stock issuance for options exercised, net2153 1,458 — — 1,461 
Vesting of restricted stock grants28— — — — — 
Stock-based compensation expense— 452 — — 452 
Balance at June 30, 2022
13,971$140 $123,708 $102,943 $(29,192)$197,599 
Balance at March 31, 202213,967$140 $123,429 $96,518 $(19,214)$200,873 
 Net income— — 6,425 — 6,425 
Other comprehensive loss— — — (9,978)(9,978)
Common stock issuance for options exercised, net4— 31 — — 31 
Stock-based compensation expense— 248 — — 248 
Balance at June 30, 2022
13,971$140 $123,708 $102,943 $(29,192)$197,599 

See Notes to Consolidated Financial Statements.

8


Notes to Unaudited Consolidated Financial Statements

Note 1.    Organization and Summary of Significant Accounting Policies
Organization
FVCBankcorp, Inc. (the "Company"), a Virginia corporation, was formed in 2015 and is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. The Company is headquartered in Fairfax, Virginia. The Company conducts its business activities through the branch offices of its wholly owned subsidiary bank, FVCbank (the "Bank"). The Company exists primarily for the purposes of holding the stock of its subsidiary, the Bank.
The Bank was organized under the laws of the Commonwealth of Virginia to engage in a general banking business serving the Washington, D.C. and Baltimore metropolitan areas. The Bank commenced operations on November 27, 2007 and is a member of the Federal Reserve System (the "Federal Reserve") and the Federal Deposit Insurance Corporation (the "FDIC"). It is subject to the regulations of the Board of Governors of the Federal Reserve and the State Corporation Commission of Virginia. Consequently, it undergoes periodic examinations by these regulatory authorities.
On August 31, 2021, the Company announced that the Bank had made an investment in Atlantic Coast Mortgage, LLC (“ACM”) for $20.4 million. As a result of this investment, the Bank has obtained a 28.7% ownership interest in ACM, which is subject to an earnback option of up to 3.7% over a three year period.
Basis of Presentation
The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and follow general practice within the banking industry. Accordingly, the unaudited consolidated financial statements do not include all the information and footnotes required by GAAP for complete financial statements; however, in the opinion of management, all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of the results of the interim periods presented have been made. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s audited financial statements for the year ended December 31, 2021. Certain prior period amounts have been reclassified to conform to current period presentation.
Principles of Consolidation
The consolidated financial statements include the accounts of the Company. All material intercompany balances and transactions have been eliminated in consolidation.
Significant Accounting Policies
The accounting and reporting policies of the Company are in accordance with GAAP and conform to general practices within the banking industry.
Recent Accounting Pronouncements
In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The FASB has issued multiple updates to ASU 2016-13 as codified in Topic 326, including ASUs 2019-04, 2019-05, 2019-10, 2019-11, 2020-02, and 2020-03. These ASUs have provided for various minor technical corrections and improvements to the codification as well as other transition matters. Smaller reporting companies who file with the U.S. Securities and Exchange Commission
9


Notes to Unaudited Consolidated Financial Statements
(Continued)
("SEC"), such as the Company, and all other entities who do not file with the SEC are required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022. The Company has identified a third-party vendor to assist in the measurement of expected credit losses under this standard. The implementation committee has completed the data collection process, validated the data inputs, determined its allowance methodology and is running the model parallel to the Company’s incurred loss model for the quarter ended June 30, 2022.
Effective November 25, 2019, the SEC adopted Staff Accounting Bulletin ("SAB") 119. SAB 119 updated portions of SEC interpretative guidance to align with FASB Accounting Standards Codification ("ASC") 326, “Financial Instruments - Credit Losses.” It covers topics including (1) measuring current expected credit losses; (2) development, governance, and documentation of a systematic methodology; (3) documenting the results of a systematic methodology; and (4) validating a systematic methodology.
In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference London Interbank Offered Rate ("LIBOR") or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. Subsequently, in January 2021, the FASB issued ASU 2021-01 “Reference Rate Reform (Topic 848): Scope.” This ASU clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply ASU 2021-01 on contract modifications that change the interest rate used for margining, discounting, or contract price alignment retrospectively as of any date from the beginning of the interim period that includes March 12, 2020, or prospectively to new modifications from any date within the interim period that includes or is subsequent to January 7, 2021, up to the date that financial statements are available to be issued. An entity may elect to apply ASU 2021-01 to eligible hedging relationships existing as of the beginning of the interim period that includes March 12, 2020, and to new eligible hedging relationships entered into after the beginning of the interim period that includes March 12, 2020. The Company is assessing ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments.
In August 2020, the FASB issued ASU No. 2020-06 “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity.” The ASU simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share ("EPS") calculation in certain areas. In addition, the amendment updates the disclosure requirements for convertible instruments to increase the information transparency. For public business entities, excluding smaller reporting companies, the amendments in the ASU are effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. For all other entities, the standard will be effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of ASU 2020-06 to have a material impact on its consolidated financial statements.
In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures.” ASU 2022-02 addresses areas identified by the FASB as part of its post-implementation review of the credit losses standard (ASU 2016-13) that introduced the current expected credit losses ("CECL") model. The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted the CECL model and enhance the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require a public business entity to disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The amendments in this ASU should be applied prospectively, except for the transition method related to the recognition and measurement of troubled
10