Village bank & trust financial corp. (VBFC)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Cash and due from banks

23,613

19,967

23,263

15,583

15,178

12,717

14,877

15,728

16,276

17,810

15,684

15,623

14,929

10,848

16,281

12,638

22,653

17,076

12,772

15,796

12,019

25,115

13,895

11,094

19,566

15,221

13,142

11,880

12,340

13,945

26,064

23,271

41,056

55,557

47,964

44,635

9,390

Federal funds sold

24,365

0

23,195

13,169

10,728

6,826

523

0

0

0

15,026

16,670

9,940

948

15,477

16,323

8,069

186

13,303

4,174

38,672

23,988

30,937

46,244

36,946

24,988

20,632

36,085

56,796

39,185

154

3,834

1,540

7,228

5,787

7,310

2,621

Total cash and cash equivalents

47,978

19,967

46,458

28,752

25,906

19,543

15,400

15,728

16,276

17,810

30,710

32,293

24,869

11,796

31,758

28,961

-

17,262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities available for sale, at fair value

39,081

46,937

46,031

-

-

44,253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,722

-

26,075

19,970

50,691

49,103

44,832

57,338

56,513

40,209

33,775

47,965

69,137

53,130

26,218

27,105

42,597

62,786

53,751

51,945

12,012

Investment securities available for sale, at fair value

-

-

-

43,415

41,835

-

45,985

47,137

48,302

49,711

44,834

43,052

43,484

43,894

26,772

21,159

27,186

37,919

39,595

39,420

36,723

39,542

55,515

57,486

59,339

57,748

59,112

58,066

29,635

25,154

33,415

36,696

35,359

30,163

56,691

53,222

53,597

Restricted stock, at cost

2,355

2,035

1,695

2,120

-

1,661

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale, at fair value

17,219

12,722

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock, at cost

-

-

-

-

1,695

-

-

-

-

1,261

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale

-

-

14,503

13,060

5,218

6,128

4,496

9,106

5,372

8,047

5,641

11,028

7,334

14,784

16,093

16,164

9,150

14,373

12,770

20,662

-

9,914

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,224

-

7,298

12,189

9,986

8,371

14,526

19,759

16,377

24,188

22,526

19,729

17,191

16,168

13,786

11,975

19,871

Loans
Outstandings

435,234

429,295

422,747

419,836

417,810

414,430

415,555

403,350

387,727

368,709

347,002

339,741

339,904

337,100

333,536

323,219

313,246

306,771

299,745

301,629

287,398

286,146

275,123

263,171

273,461

286,563

303,001

305,616

324,004

354,910

-

-

-

427,870

-

-

-

Outstandings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

374,350

393,035

411,927

-

436,063

443,009

453,242

Allowance for loan losses

3,444

3,186

3,101

3,047

3,027

3,051

3,131

3,208

3,343

3,239

3,243

3,267

3,372

3,373

3,419

3,523

3,611

3,562

5,496

5,567

5,844

5,729

5,658

5,681

6,600

7,239

8,627

9,609

10,319

10,807

12,055

14,865

14,361

16,071

14,962

7,256

7,311

Deferred fees and costs, net

704

764

754

750

737

713

764

786

652

699

676

655

671

660

617

-

-

670

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred fees and costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-602

-688

-

-1,294

-1,060

-934

-722

-666

-694

-686

-683

-690

-735

-783

-787

-776

-751

-805

-767

-729

-700

-623

Total loans, net

432,494

426,873

420,400

417,539

415,520

412,092

413,188

400,928

385,036

366,169

344,435

337,129

337,203

334,387

330,734

320,298

310,323

303,879

295,543

297,122

282,488

281,139

270,131

258,184

267,547

280,007

295,064

296,741

314,467

344,890

363,070

378,921

398,370

412,567

421,830

436,453

446,555

Bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,525

6,159

6,115

-

6,019

5,971

5,871

Other real estate owned, net of valuation allowance

526

526

526

526

526

526

548

732

1,017

1,788

1,788

1,788

1,508

2,926

3,621

3,941

6,134

6,249

8,018

8,605

11,472

12,638

14,003

15,670

15,688

16,742

19,651

22,043

21,382

20,203

20,575

17,677

14,590

9,177

8,937

11,982

12,028

Assets held for sale

514

514

536

536

537

554

610

610

610

610

841

841

841

841

841

841

11,800

12,631

13,821

13,711

13,507

13,502

13,438

13,403

-

13,359

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,359

-

-

-

-

0

-

-

-

-

-

-

-

Premises and equipment, net

11,929

12,036

12,097

12,217

12,371

12,455

12,624

12,772

12,905

12,982

13,077

12,802

12,686

12,758

12,705

12,590

13,586

13,671

13,733

13,718

14,888

14,301

13,621

12,968

12,937

12,409

23,672

23,679

23,992

25,815

26,071

26,286

26,527

26,826

27,106

27,300

27,437

Bank owned life insurance

7,657

7,612

7,567

7,521

7,478

7,441

7,396

7,350

7,307

7,268

7,222

7,176

7,132

7,093

7,269

7,223

7,178

7,130

7,084

7,038

6,995

6,947

6,902

6,856

6,812

6,765

6,718

6,671

6,625

6,575

-

-

-

6,065

-

-

-

Accrued interest receivable

2,578

2,597

2,630

2,722

2,729

2,662

2,657

2,444

2,522

2,600

2,516

2,162

2,192

2,274

2,354

1,962

2,038

2,060

2,085

2,041

1,424

1,372

1,567

1,340

1,340

1,486

1,517

1,796

1,580

1,676

1,800

1,910

1,899

2,046

2,360

2,578

2,347

Restricted equity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,511

2,767

2,986

-

-

-

-

Other assets

7,874

8,494

7,486

8,126

8,459

7,551

9,415

9,545

9,472

8,728

13,642

13,984

14,080

14,049

14,144

6,402

4,873

4,767

4,926

5,779

5,316

5,546

5,698

6,622

6,784

7,077

5,680

7,259

7,855

8,453

5,582

7,208

9,727

15,904

15,357

11,230

12,058

Total Assets

570,205

540,313

559,929

536,534

522,274

514,866

512,319

506,352

488,819

476,974

464,706

462,255

451,329

444,802

446,291

419,541

422,990

419,941

423,650

428,066

439,728

434,004

433,005

442,056

450,309

444,173

459,720

483,983

491,054

510,087

508,299

524,462

555,366

581,704

605,841

612,660

591,779

Liabilities and Shareholders' Equity
Liabilities
Deposits
Noninterest bearing demand

139,660

131,228

147,969

132,965

122,923

119,317

120,374

120,718

114,088

104,138

103,396

100,488

95,472

92,574

88,399

78,122

78,986

78,282

75,978

74,482

74,001

77,496

65,218

63,695

63,435

57,244

59,172

60,572

62,301

57,049

58,469

64,348

66,383

66,534

62,865

52,150

41,036

Interest bearing

329,183

311,980

329,470

313,261

320,477

319,730

316,492

312,265

307,410

307,486

304,008

304,903

293,136

290,703

290,821

289,502

290,098

286,566

293,061

295,929

302,831

301,364

315,446

325,582

332,781

333,384

342,423

358,422

359,117

379,273

376,672

386,071

399,009

418,986

441,305

453,826

457,975

Total deposits

468,843

443,208

477,439

446,226

443,400

439,047

436,866

432,983

421,498

411,624

407,404

405,391

388,608

383,277

379,220

367,624

369,084

364,848

369,039

370,411

376,832

378,860

380,664

389,277

396,217

390,628

401,596

418,995

421,419

436,322

435,142

450,419

465,393

485,521

504,171

505,976

499,012

Federal Home Loan Bank advances

36,000

29,000

21,000

31,000

21,000

21,000

22,500

20,500

12,300

12,300

1,600

1,600

7,400

2,400

8,200

3,200

5,000

6,000

6,000

7,000

13,000

14,000

14,000

15,000

17,000

18,000

18,000

23,000

27,000

28,000

28,000

29,000

36,750

37,750

37,750

38,750

28,750

Long-term debt - trust preferred securities

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

8,764

Subordinated debt, net

5,604

5,595

5,587

5,579

5,571

5,563

5,555

5,547

5,539

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other borrowings

0

5,317

-

-

-

0

0

668

3,328

1,584

0

0

78

81

215

316

558

508

338

3,657

2,557

3,302

1,835

1,987

2,903

2,713

3,289

4,425

1,882

4,851

-

-

-

5,778

-

-

-

Other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,351

5,062

5,207

-

5,107

5,733

4,165

Accrued interest payable

214

221

223

231

241

221

196

149

176

93

142

64

73

70

64

80

91

1,346

1,302

1,254

1,220

1,167

1,120

1,337

1,251

1,093

1,054

1,033

981

911

816

703

666

592

514

487

404

Other liabilities

6,618

5,294

5,400

5,055

4,985

3,138

2,619

2,947

2,984

3,275

3,162

2,968

3,229

6,596

6,373

7,843

8,226

8,116

7,551

7,078

7,100

8,853

7,887

6,642

5,645

4,731

5,762

5,674

6,780

6,272

6,128

5,458

4,275

7,050

5,537

3,904

2,362

Total liabilities

526,043

497,399

518,413

496,855

483,961

477,733

476,500

471,558

454,589

437,640

421,072

418,787

408,152

401,188

402,836

387,827

391,723

389,582

392,994

398,164

409,473

414,946

414,270

423,007

431,781

425,929

438,467

461,892

466,827

485,122

484,202

499,408

521,056

545,456

561,844

563,616

543,459

Shareholders' equity
Preferred stock, $4 par value, $1,000 liquidation preference, 1,000,000 shares authorized; no shares issued and outstanding at December 31, 2018 and 5,027 shares issued and outstanding at December 31, 2017

-

-

-

-

-

-

0

0

0

20

20

20

20

23

23

23

23

23

23

23

23

59

59

59

58

59

58

58

58

58

58

58

58

58

58

58

58

Common stock, $4 par value, 10,000,000 shares authorized; 1,453,759 shares issued and outstanding at March 31, 2020 and 1,453,009 shares issued and outstanding at December 31, 2019

5,779

5,779

5,779

5,779

5,720

5,707

5,697

5,683

5,682

5,672

5,661

5,643

5,642

5,629

5,618

5,603

5,562

5,562

5,561

5,553

5,553

1,339

1,337

21,353

21,353

1,335

17,007

17,007

17,007

17,007

17,007

17,007

17,007

16,973

16,973

16,973

16,953

Additional paid-in capital

54,339

54,285

54,268

54,246

53,245

53,212

53,159

53,154

53,084

58,055

58,028

58,064

57,966

58,643

58,597

58,623

58,664

58,497

58,501

58,417

58,325

58,188

58,124

38,078

38,063

58,072

40,711

40,705

40,705

40,705

40,705

40,704

40,700

40,732

40,702

40,672

40,633

Accumulated deficit

-16,394

-17,292

-18,596

-20,323

-20,960

-21,769

-22,625

-23,753

-24,394

-24,693

-20,631

-20,791

-20,915

-21,172

-21,502

-33,248

-33,724

-33,948

-33,870

-34,171

-34,088

-40,539

-39,829

-39,417

-39,036

-38,066

-34,026

-33,538

-33,905

-33,173

-34,026

-33,438

-23,516

-21,895

-14,758

-9,291

-9,192

Common stock warrant

-

-

0

0

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

732

Discount on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

12

50

87

124

161

198

236

272

309

346

383

419

492

Stock in directors rabbi trust

771

856

856

856

856

883

998

998

998

1,010

1,010

1,010

1,010

1,034

1,034

1,034

1,034

1,034

1,034

1,034

1,034

878

878

878

877

878

-

-

-

0

-

-

-

-

-

-

-

Directors deferred fees obligation

771

856

856

856

856

883

998

998

998

1,010

1,010

1,010

1,010

1,034

1,034

1,034

1,034

1,034

1,034

1,034

1,034

878

878

878

877

878

-

-

-

0

-

-

-

-

-

-

-

Accumulated other comprehensive income

438

142

65

-23

-424

-749

-1,144

-1,022

-874

-452

-176

-200

-268

-241

-13

-19

10

-507

-291

-652

-290

-721

-1,688

-1,756

-2,630

-3,838

-3,142

-2,750

-209

-166

-143

262

-362

-7

670

317

-373

Total shareholders' equity

44,162

42,914

41,516

39,679

38,313

37,133

35,819

34,794

34,230

39,334

43,634

43,468

43,177

43,614

43,455

31,714

31,267

30,359

30,656

29,902

30,255

19,058

18,735

19,049

18,527

18,244

21,253

22,090

24,226

24,964

24,097

25,053

34,309

36,247

43,996

49,044

48,320

Total liabilities and shareholders' equity

570,205

540,313

559,929

536,534

522,274

514,866

512,319

506,352

488,819

476,974

464,706

462,255

451,329

444,802

446,291

419,541

422,990

419,941

423,650

428,066

439,728

434,004

433,005

442,056

450,309

444,173

459,720

483,983

491,054

510,087

508,299

524,462

555,366

581,704

605,841

612,660

591,779