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Middletown Valley Bank

OTCPK:MNVB
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MNVB
OTCPK
$72M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Middletown Valley Bank provides commercial and retail banking services to businesses and consumers in Frederick and Washington counties. The last earnings update was 10 days ago. More info.


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MNVB Share Price and Events
7 Day Returns
0%
OTCPK:MNVB
3.7%
US Banks
2.1%
US Market
1 Year Returns
-
OTCPK:MNVB
-0.4%
US Banks
11.4%
US Market
MNVB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Middletown Valley Bank (MNVB) 0% -2.6% -0.6% - - -
US Banks 3.7% -4% -9% -0.4% 43.2% 69.3%
US Market 2.1% -5.5% -3% 11.4% 55.1% 104.7%
1 Year Return vs Industry and Market
  • No trading data on MNVB.
  • No trading data on MNVB.
Price Volatility
Industry
5yr Volatility vs Market

MNVB Value

 Is Middletown Valley Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Middletown Valley Bank. This is due to cash flow or dividend data being unavailable. The share price is $25.85.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Middletown Valley Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Middletown Valley Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MNVB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.53
OTCPK:MNVB Share Price ** OTCPK (2018-10-25) in USD $25.85
United States of America Banks Industry PE Ratio Median Figure of 560 Publicly-Listed Banks Companies 15.55x
United States of America Market PE Ratio Median Figure of 2,956 Publicly-Listed Companies 18.55x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Middletown Valley Bank.

OTCPK:MNVB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:MNVB Share Price ÷ EPS (both in USD)

= 25.85 ÷ 0.53

48.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Middletown Valley Bank is overvalued based on earnings compared to the US Banks industry average.
  • Middletown Valley Bank is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Middletown Valley Bank's expected growth come at a high price?
Raw Data
OTCPK:MNVB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 48.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
22.4%per year
United States of America Banks Industry PEG Ratio Median Figure of 255 Publicly-Listed Banks Companies 1.16x
United States of America Market PEG Ratio Median Figure of 2,072 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Middletown Valley Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Middletown Valley Bank's assets?
Raw Data
OTCPK:MNVB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $19.81
OTCPK:MNVB Share Price * OTCPK (2018-10-25) in USD $25.85
United States of America Banks Industry PB Ratio Median Figure of 570 Publicly-Listed Banks Companies 1.34x
United States of America Market PB Ratio Median Figure of 4,964 Publicly-Listed Companies 1.89x
OTCPK:MNVB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:MNVB Share Price ÷ Book Value per Share (both in USD)

= 25.85 ÷ 19.81

1.3x

* Primary Listing of Middletown Valley Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Middletown Valley Bank is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Middletown Valley Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Middletown Valley Bank has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MNVB Future Performance

 How is Middletown Valley Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Middletown Valley Bank, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Middletown Valley Bank expected to grow at an attractive rate?
  • Middletown Valley Bank's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Middletown Valley Bank's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Middletown Valley Bank's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:MNVB Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MNVB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 22.4%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:MNVB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MNVB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 13 1
2018-06-30 13 2
2018-03-31 12 1
2017-12-31 11 1
2016-12-31 9 1
2015-12-31 7 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Middletown Valley Bank's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Middletown Valley Bank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:MNVB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Middletown Valley Bank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MNVB Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.53
2018-06-30 0.56
2018-03-31 0.49
2017-12-31 0.54
2016-12-31 0.69
2015-12-31 0.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Middletown Valley Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Middletown Valley Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Middletown Valley Bank has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MNVB Past Performance

  How has Middletown Valley Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Middletown Valley Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Middletown Valley Bank has delivered over 20% year on year earnings growth in the past 5 years.
  • Middletown Valley Bank's 1-year earnings growth exceeds its 5-year average (30.1% vs 29.9%)
  • Middletown Valley Bank's earnings growth has exceeded the US Banks industry average in the past year (30.1% vs 15.8%).
Earnings and Revenue History
Middletown Valley Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Middletown Valley Bank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MNVB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 13.17 1.48
2018-06-30 12.67 1.52
2018-03-31 11.65 1.22
2017-12-31 11.14 1.22
2016-12-31 9.20 0.89 6.34
2015-12-31 7.08 0.37 5.19
2014-12-31 6.58 0.50 4.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Middletown Valley Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Middletown Valley Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Middletown Valley Bank has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Middletown Valley Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Middletown Valley Bank has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MNVB Health

 How is Middletown Valley Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Middletown Valley Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Middletown Valley Bank Company Filings, last reported 1 month ago.

OTCPK:MNVB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 44.25 5.00 24.91
2018-06-30 43.98 0.00 22.10
2018-03-31 43.37 0.00 24.85
2017-12-31 43.39 0.00 20.05
2016-12-31 25.12 5.00 15.62
2015-12-31 24.68 9.20 16.11
2014-12-31 22.75 0.00 16.43
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Middletown Valley Bank has an acceptable proportion of non-loan assets held.
  • Middletown Valley Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Middletown Valley Bank are broadly funded by customer deposits.
  • Middletown Valley Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Middletown Valley Bank has a sufficient allowance for bad loans without relevant financial data.
  • Middletown Valley Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Middletown Valley Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Middletown Valley Bank has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MNVB Dividends

 What is Middletown Valley Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.46%
Current annual income from Middletown Valley Bank dividends.
If you bought $2,000 of Middletown Valley Bank shares you are expected to receive $9 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Middletown Valley Bank's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.36%).
  • Middletown Valley Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.51%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:MNVB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 455 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1977 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:MNVB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-09-17 0.120 0.458
2018-06-26 0.120 0.463
2018-04-03 0.120 0.511
2018-02-28 0.080 0.411

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Middletown Valley Bank is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Middletown Valley Bank is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Middletown Valley Bank's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Middletown Valley Bank's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Middletown Valley Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Middletown Valley Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Middletown Valley Bank has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MNVB Management

 What is the CEO of Middletown Valley Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
BJ Goetz
CEO Bio

Mr. Robert E. Goetz, Jr., B.J., serves as the Chief Executive Officer, President & Director of Middletown Valley Bank. Mr. Goetz earned a Associate of Science (A.S.) in Business Administration, Management and Operations from Hagerstown Community College in the year 1996 to 1997. He earned a Bachelor of Business Administration (B.B.A.) in Banking and Financial Support Services from Frostburg State University in the year 1997 to 1999.

CEO Compensation
  • Insufficient data for BJ to compare compensation growth.
  • Insufficient data for BJ to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Middletown Valley Bank management team in years:

1.9
Average Tenure
  • The average tenure for the Middletown Valley Bank management team is less than 2 years, this suggests a new team.
Management Team

BJ Goetz

TITLE
President

Brian Ropp

TITLE
Executive VP & CFO
AGE
49
TENURE
1.8 yrs

Angie Shubert

TITLE
Executive VP & COO
TENURE
2.8 yrs

Whitney Dangerfield

TITLE
VP & Human Resources Manager

J. Hill

TITLE
Executive VP & CRO
TENURE
1.9 yrs

Dustin Watson

TITLE
Senior VP & Commercial Services Manager

Kristi Neuschafer

TITLE
Senior VP of Residential & Consumer Lending Manager

Dawn Woods

TITLE
Corporate Secretary

Chad Tasker

TITLE
Vice President of IT & Bank Support Services

George Chaney

TITLE
VP & Commercial Relationship Manager
Board of Directors Tenure

Average tenure of the Middletown Valley Bank board of directors in years:

9.8
Average Tenure
  • The tenure for the Middletown Valley Bank board of directors is about average.
Board of Directors

Jim Pierne

TITLE
Chairman of the Board
AGE
66
TENURE
2.8 yrs

BJ Goetz

TITLE
President

Denny Remsburg

TITLE
Vice Chairman of the Board
TENURE
2.8 yrs

Todd Snook

TITLE
Director

John Rudy

TITLE
Director

J. Routzahn

TITLE
Director

James Clapp

TITLE
Director
TENURE
26.8 yrs

J. T. Routzahn

TITLE
Director
TENURE
16.8 yrs

Richard Kefauver

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price (USD) Value (USD)
X
Management checks
We assess Middletown Valley Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Middletown Valley Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MNVB News

External News
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Simply Wall St News

MNVB Company Info

Map
Description

Middletown Valley Bank provides commercial and retail banking services to businesses and consumers in Frederick and Washington counties. Its personal banking services include checking accounts, savings accounts, money market accounts, CDs, and loans and lines of credit; and business banking services include checking accounts, money market accounts, commercial loans, payments on the go, and merchant services. The company also offers online and mobile banking services; and residential mortgages. Middletown Valley Bank was formerly known as Middletown Savings Bank of Frederick City, Maryland and changed its name to Middletown Valley Bank in October 1965. The company was founded in 1908 and is based in Middletown, Maryland with branches in Middletown, Jefferson, Myersville, Boonsboro, and Hagerstown.

Details
Name: Middletown Valley Bank
MNVB
Exchange: OTCPK
Founded: 1908
$72,301,324
2,796,956
Website: http://www.middletownvalleybank.com
Address: Middletown Valley Bank
24 West Main Street,
P.O. Box 75,
Middletown,
Maryland, 21769,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK MNVB Common Stock Pink Sheets LLC US USD 28. Feb 2018
Number of employees
Current staff
Staff numbers
77
Middletown Valley Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/02 21:19
End of day share price update: 2018/10/25 00:00
Last earnings filing: 2018/10/23
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.