FVCBankcorp, Inc. (FVCB) SEC Filings & Earnings Calls

Unrealized losses on investment securities due to rising interest rates

“an increase in the portfolio’s unrealized losses totaling $4.5 million due to rising interest rates” · word for word

Commercial real estate concentration

“Our regulatory commercial real estate concentration (which includes nonowner-occupied real estate and construction loans) was 311% of our total risk-based capital at June 30, 2026.” · word for word

Nonperforming loan increase

“Nonperforming loans, net of fees, at June 30, 2026 totaled $11.4 million, or 0.48% of total assets, compared to $10.7 million, or 0.47% of total assets at December 31, 2025.” · word for word

Loan modification increase

“Loan modifications for borrowers who were experiencing financial difficulty for the six months ended June 30, 2026 totaled $8.9 million compared to none for the comparable six month period of 2025.” · word for word

Commercial real estate concentration

“Our regulatory commercial real estate concentration (which includes nonowner-occupied real estate and construction loans) was 306% of our total risk-based capital at March 31, 2026.” · word for word

Nonperforming loan increase

“Nonperforming loans, net of fees, at March 31, 2026 totaled $12.2 million, or 0.52% of total assets, compared to $10.7 million, or 0.47% of total assets at December 31, 2025.” · word for word

Interest rate risk

“We attempt to minimize our exposure to interest rate risk, but are unable to eliminate it entirely.” · word for word

Nonperforming loans increased slightly to $12.2M from $10.9M, though still low relative to assets.

“Nonperforming loans at March 31, 2026 increased slightly to $12.2 million, from $10.9 million at December 31, 2025.” · word for word

Wholesale deposits decreased 9% during the quarter, indicating reliance on core deposits for funding.

“During the quarter, wholesale deposits decreased $25.0 million, or 9%, to end at $260.0 million at March 31, 2026.” · word for word

Insider loan concentration

“The maximum aggregate amount of loans to officers, directors and related parties was $55.9 million, representing approximately 22.0% of total shareholders’ equity.”

Key person dependency

“CEO Pijor (age 73) has employment agreement with change-in-control provisions; supplemental retirement plan vests at age 77.”

Commercial Real Estate Concentration Risk

“As of December 31, 2025, commercial real estate loans as defined for regulatory purposes represented 313% of our total risk-based capital.” · word for word

Government Contractor Exposure Risk

“At December 31, 2025, 23% of our total loans were outstanding to commercial and industrial customers. Of that, approximately 45% of outstanding commercial and industrial loans are to government contractors or their subcontractors specializing in the defense and homeland security and defense readiness sectors, and we have commitments of $350.4 million to such” · word for word

Cannabis Banking Regulatory Risk

“While cannabis is legal in these states of operation, it remains classified as a controlled substance under the Controlled Substances Act. As such, the cultivation, use, distribution, and possession of cannabis is a violation of federal law that is punishable by imprisonment and fines.” · word for word

Uninsured Deposit Concentration Risk

“As of December 31, 2025, approximately 34.9% of our deposits were uninsured when excluding collateralized deposits, and we rely on these deposits for liquidity.”

Interest Rate Risk

“If the interest rates paid on deposits and other borrowings increase at a faster rate than the interest rates received on loans and other investments, our net interest income, and therefore earnings, could be adversely affected.” · word for word

CRE Concentration Risk

“Our regulatory commercial real estate concentration (which includes nonowner-occupied real estate and construction loans) was 313% of our total risk-based capital at December 31, 2025.” · word for word

Credit Quality Deterioration (Special Mention Loans)

“At December 31, 2025, we had $47.7 million in loans identified as special mention, an increase of $44.4 million from December 31, 2024.” · word for word

Interest Rate Risk

“We manage our balance sheet and interest rate risk exposure to maximize, and concurrently stabilize, net interest income.” · word for word

CRE concentration remains elevated at 313% of risk-based capital, though reduced from 372%.

“Commercial real estate loans to total risk-based capital concentration at December 31, 2025 was 313%, a decrease from 372% at December 31, 2024.” · word for word

Unrealized losses on AFS securities fully reflected in TCE/TA ratio, indicating interest rate sensitivity.

“The Bank’s investment securities are classified as available-for-sale, and therefore the unrealized losses on these securities are fully reflected in the TCE/TA ratio.” · word for word

Credit loss provision increase

“We recorded a provision for credit losses of $375 thousand ... for the three months ended September 30, 2025, compared to a release of provision for credit losses totaling $200 thousand ... for the three months ended September 30, 2024.” · word for word

Commercial real estate concentration

“Our regulatory commercial real estate concentration ... was 330% of our total risk-based capital at September 30, 2025”