Village Bank & Trust Financial Corp. VBFC Cash Flow

Village bank & trust financial corp. (VBFC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows from Operating Activities
Net income
898	1,304	1,727	637	809	856	1,128	641	412	-4,022	273	238	415	520	11,932	659	402	96	471	84	-5	-336	-11	-33	-657	-3,818	-267	589	-511	1,104	-367	-9,736	-1,400	-6,914	-5,244	256	82
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
149	153	-32	255	268	176	180	183	185	190	184	183	185	159	194	209	203	194	204	231	214	199	157	154	171	330	325	397	258	335	265	420	344	352	349	365	350
Amortization of debt issuance costs
9	8	8	8	8	8	7	9	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
239	378	463	356	0	187	278	153	72	53	106	94	132	168	305	217	123	76	149	67	-15	-77	-16	2	-310	-1,811	-2	69	-108	4,410	-2,293	-4,291	1	-429	0	0	-3,710
Valuation allowance (recovery) on net deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-11,657	-217	-123	-76	-149	-67	15	10	16	41	267	-	-	-	-	-	-	-	-	-	-	-	-
Valuation allowance on net deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,284	-4,231	-5,804	-476	-3,928	0	0	0
Provision for loan losses
400	-	-	-	177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100	350	0	0	823	0	700	6,660	1,735	7,353	9,507	900	1,003
Write-down of other real estate owned
-	-	-	-	-	-	-	-	-	-331	0	5	346	158	83	311	72	474	58	78	80	891	382	234	135	-1,282	636	248	397	-	214	273	670	25	119	65	362
Valuation allowance on other real estate owned
-	-	-	-	-	-	-	-	-	-493	0	0	331	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Valuation allowance other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-279	-15	-	366	-279	-14	-225	-66	-295	-134	4,929	0	0	0	-	-	-	-	-	-	-	-
(Gain) loss on sale of investment securities
12	-	-	-	101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of loans held for sale
2,084	-	-	-	928	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Valuation allowance other real estate owned
-	-	-	-	-	-	-	-	-	-493	0	0	331	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment securities
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on securities sold
-	-	-	-	-	-	-	-	-	-	-	-	-9	0	15	38	109	-1	0	0	7	-196	-15	1	0	0	0	126	90	189	556	99	164	1,044	109	0	63
Gain on sales of loans held for sale
-	-	-	-	-	1,076	1,680	1,422	1,029	1,220	1,395	1,424	1,376	1,800	2,043	1,441	1,146	1,279	1,840	1,728	1,229	996	1,290	1,352	811	1,290	2,126	2,372	1,955	2,225	2,394	2,191	1,750	1,789	1,724	1,636	1,372
Loss on sale and disposal of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3	0	0	-0	598	0	0	0	0	-	-	-	-
Gain on sale of other real estate owned
-	-	-	-	-	2	-14	5	78	162	0	0	218	-44	4	57	-2	196	215	384	67	-57	-35	197	37	-55	-91	-105	-129	-102	-93	-39	-4	-27	-152	-93	6
Stock compensation expense
54	17	22	328	46	63	19	71	46	38	-18	99	21	57	-11	0	167	-2	92	92	80	69	38	14	10	5	6	-0	0	0	0	3	1	29	29	29	29
Proceeds from sale of mortgage loans
51,959	53,203	71,738	47,857	30,310	34,202	55,999	45,264	33,772	38,469	43,146	44,291	44,633	61,337	69,348	50,318	37,624	42,303	64,617	57,832	43,727	34,518	49,098	49,378	29,989	50,034	84,306	83,242	67,727	80,156	83,960	75,891	64,848	72,609	60,516	59,468	55,513
Origination of mortgage loans for sale
54,372	49,822	70,981	54,222	28,472	34,758	49,709	47,576	30,068	39,655	36,364	46,561	35,807	58,228	67,234	55,891	31,255	42,627	54,885	60,542	48,808	36,138	42,917	50,229	30,793	42,589	76,947	84,251	57,961	79,592	84,363	76,238	64,120	73,202	60,602	61,178	42,898
Amortization of premiums and accretion of discounts on securities, net
-67	-81	-56	-50	-31	-29	-28	-28	-29	-29	-23	-22	-21	-26	-28	-31	-57	-71	-74	-71	-71	-92	-99	-97	-108	-104	-126	-100	-86	-93	-107	-91	-39	-63	-49	-30	-26
Increase in bank owned life insurance
45	45	46	43	37	45	46	43	39	46	46	44	39	46	46	45	48	46	46	43	48	45	46	43	48	45	48	45	50	49	366	43	50	46	47	54	46
Net change in:
Interest receivable
-19	-33	-92	-7	67	5	213	-78	-78	84	354	-30	-82	-80	392	-76	-22	-25	44	617	52	-195	227	0	-146	-31	-279	216	-96	-124	-109	10	-146	-314	-217	41	189
Other assets
-307	1,421	-156	-51	1,152	-314	113	185	-560	-145	-227	30	147	-49	-3,608	1,459	-462	-645	13	549	273	343	-861	372	284	3,246	-1,785	-1,840	-730	470	1,940	-3,002	-2,899	3,693	4,306	651	-4,840
Interest payable
-7	-	-8	-10	20	25	47	-27	83	-49	78	-9	3	6	-16	-11	-1,255	44	48	34	53	47	-217	85	159	39	21	51	69	94	112	37	74	78	27	32	49
Other liabilities
1,324	-106	345	70	1,847	495	-328	-4	-324	341	81	-375	-609	33	-1,656	-566	-68	-505	876	-118	252	594	842	661	639	-1,217	-96	-1,290	324	-71	2,582	-1,062	-2,959	1,511	1,447	1,786	-609
Net cash provided by (used in) operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,465	5,115	-	9,763	-5,139	-6,026	-1,292	6,753	-1,856	-1,353	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities
-1,095	2,356	1,340	-6,310	2,759	614	5,611	-2,835	3,699	-1,538	5,941	-3,481	7,320	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,660	9,370	-	95	-1,447	794	-825	381	-533	13,362
Cash Flows from Investing Activities
Purchases of available for sale securities
1,013	-	-	-	4,632	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of available for sale securities
7,936	-	-	-	6,491	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of available for sale securities
-	-	-	-	-	-	-	-	0	13,987	2,324	0	2,055	17,822	10,000	0	0	0	0	3,542	3,206	0	0	0	0	1	1,972	39,342	12,791	7,918	26,418	15,630	20,764	4,849	13,764	7,416	54,960
Proceeds from the sale of available for sale securities
-	-	-	-	-	-	-	-	0	7,956	0	0	1,993	-892	4,382	5,986	11,565	437	295	223	6,611	17,148	1,955	3,080	127	203	204	7,085	8,244	18,585	28,776	14,527	14,277	101,313	0	0	803
Proceeds from maturities, calls and paydowns of available for sale securities
1,248	1,584	1,224	1,331	1,038	994	967	948	843	743	552	510	399	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	752	718	874	-69,986	10,887	37,157	25,838
Net increase in loans
6,021	6,608	2,861	2,019	3,428	-1,096	12,260	15,892	18,867	21,734	7,306	211	2,816	3,681	10,436	5,608	6,444	6,434	-1,223	14,634	1,336	13,261	13,025	-6,425	-11,001	-12,142	-1,428	-15,674	-27,317	-14,205	-10,571	-8,787	-5,847	-979	-5,114	1,864	-7,211
Proceeds from sale of other real estate owned
-	-	-	-	-	24	170	290	849	0	0	0	1,621	579	282	2,763	56	1,697	734	3,452	1,154	2,895	2,394	3,215	2,448	1,176	1,914	1,048	1,162	4,779	1,372	602	526	638	2,773	1,827	555
Purchases of premises and equipment, net
42	92	-152	101	184	7	32	50	108	95	459	299	113	212	309	273	118	300	219	-240	801	879	810	184	714	-414	319	95	105	80	49	180	44	72	155	249	329
Purchase of restricted stock
320	340	-425	425	34	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) by investing activities
1,788	-7,933	-4,847	-3,670	-749	2,824	-11,155	-14,704	-17,283	-27,525	-9,537	0	-971	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15,630	25,509	-	15,005	8,825	715	28,023	4,855	29,453	-20,881
Cash Flows from Financing Activities
Net proceeds from sale of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	8,965	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	17	0	0	-0	1,681	0	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,206	5,059	-	2,033	-14,261	2,422	5,903	-9,486	12,536	12,879	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred stock
-	-	-	-	-	0	0	0	5,027	0	0	0	688	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of preferred dividends
-	-	-	-	-	0	0	0	113	341	0	0	2,916	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in deposits
25,635	-34,231	31,213	2,826	4,353	2,181	3,883	11,485	9,874	4,220	2,013	16,783	5,331	4,057	11,596	-1,460	4,236	-4,191	-1,372	-6,421	-2,028	-1,804	-8,613	-6,940	5,589	-10,968	-17,399	-2,424	-14,903	1,180	-15,277	-14,973	-20,127	-18,650	-1,805	1,017	5,947
Net increase in Federal Home Loan Bank advances
-7,000	-8,000	10,000	-10,000	0	-	-	-	-	-10,700	0	5,800	-5,000	5,800	-5,000	1,800	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in Federal Home Loan Bank advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	1,000	2,000	1,000	0	5,000	4,000	1,000	0	1,000	7,750	1,000	0	1,000	0	-10,000
Net decrease in other borrowings
-5,317	5,317	0	0	0	8	-651	-2,694	1,777	1,584	0	-78	-3	-134	-101	-242	50	170	-3,319	1,100	-745	1,467	-152	-916	190	-576	-1,136	2,543	-2,969	-499	289	-145	-571	671	-626	492	1,076
Issuance of subordinated debt, net
-	-	-	-	-	0	0	0	5,539	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,502	3,286	-	-5,691	-11,321	5,192	-340	-9,773	-9,856	4,779	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
27,318	-20,914	21,213	12,826	4,353	689	5,232	16,991	12,050	16,163	2,013	10,905	6,724	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,880	-18,873	-	-15,988	-22,868	-21,699	-18,163	-3,431	1,509	17,023
Net increase in cash and cash equivalents
28,011	-26,491	17,706	2,846	6,363	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-1,534	-12,900	-1,583	7,424	13,073	-19,962	2,797	-1,761	13,460	-8,812	6,105	-30,721	1,588	4,271	-12,506	824	16,305	6,434	-14,191	-21,171	16,006	26,912	-887	-15,491	-20,188	9,034	1,805	30,429	9,503
Supplemental Disclosure of Cash Flow Information
Cash payments for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	658	1,894	-	654	690	705	950	1,040	707	789	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments for interest
1,264	1,372	1,406	1,329	1,223	1,146	1,000	951	683	773	610	679	636	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental Schedule of Non-Cash Activities
Real estate owned assets acquired in settlement of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	267	1	132	50	279	0	2,253	444	3,573	1,358	1,968	250	2,062	2,868	-34,366	4,578	4,002	6,614	-6,495	5,565	4,246	-7,097
Dividends on preferred stock accrued
-	-	-	-	-	-	-	-	-	-328	113	114	158	190	186	183	178	174	170	167	163	374	401	334	277	185	184	183	184	217	181	148	183	1	551	0	0
Unrealized gains (losses) on securities available for sale
370	94	109	505	409	187	-157	-189	-537	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right of use assets obtained in exchange for new operating lease liabilities
0	0	0	0	1,405	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Minimum pension adjustment
3	-	-	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-Cash conversion of preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,619	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Forgiveness of principal and accrued dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,619	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-