Village bank & trust financial corp. (VBFC)
CashFlow / TTM
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'11Mar'11
Cash Flows from Operating Activities
Net income

4,566

4,477

4,029

3,430

3,434

3,037

-1,841

-2,696

-3,099

-3,096

1,446

13,105

13,526

13,513

13,089

1,628

1,053

646

214

-268

-385

-1,037

-4,519

-4,775

-4,152

-4,007

915

815

-9,509

-10,399

-18,418

-23,296

-13,303

-11,820

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

525

644

667

879

807

724

738

742

742

742

711

721

747

765

800

810

832

843

848

801

724

681

812

980

1,223

1,311

1,316

1,257

1,280

1,366

1,382

1,466

1,412

1,418

0

0

0

Amortization of debt issuance costs

33

32

32

31

32

24

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

1,436

1,197

1,006

821

618

690

556

384

325

385

500

699

822

813

721

565

415

277

124

-41

-106

-401

-2,135

-2,121

-2,053

-1,852

4,369

2,077

-2,283

-2,174

-7,013

-4,719

-428

-4,139

0

0

0

Valuation allowance (recovery) on net deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,997

-12,073

-565

-415

-277

-191

-26

82

334

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Valuation allowance on net deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,284

52

-5,752

-6,229

-14,441

-10,209

-4,405

-3,928

0

0

0

Provision for loan losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

450

450

450

1,173

823

1,523

8,183

9,095

16,448

25,256

19,496

18,764

0

0

0

Write-down of other real estate owned

-

-

-

-

-

-

-

-

-

20

509

592

898

624

940

915

682

690

1,107

1,431

1,587

1,642

-531

-277

-262

0

0

0

0

-

1,182

1,087

879

571

0

0

0

Valuation allowance on other real estate owned

-

-

-

-

-

-

-

-

-

-162

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Valuation allowance other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-36

-

-152

-584

-600

-720

4,434

4,500

4,795

4,929

0

0

0

-

-

-

-

-

-

-

-

(Gain) loss on sale of investment securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of loans held for sale

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Valuation allowance other real estate owned

-

-

-

-

-

-

-

-

-

-162

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment securities

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on securities sold

-

-

-

-

-

-

-

-

-

-

-

-

44

162

161

146

108

6

-189

-204

-203

-210

-14

1

126

217

406

963

935

1,010

1,864

1,417

1,318

1,217

0

0

0

Gain on sales of loans held for sale

-

-

-

-

-

5,207

5,351

5,066

5,068

5,415

5,995

6,643

6,660

6,430

5,909

5,706

5,993

6,076

5,793

5,243

4,867

4,449

4,743

5,579

6,599

7,744

8,679

8,948

8,767

8,562

8,125

7,455

6,900

6,522

0

0

0

Loss on sale and disposal of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

3

3

2

598

598

598

598

0

0

0

0

-

-

-

-

Gain on sale of other real estate owned

-

-

-

-

-

71

231

245

240

380

174

178

235

15

255

466

793

862

609

359

172

142

144

88

-214

-381

-428

-431

-365

-240

-164

-223

-277

-266

0

0

0

Stock compensation expense

421

413

459

456

199

199

174

137

165

140

159

166

67

213

154

257

349

262

333

279

201

131

67

35

20

11

6

1

5

7

36

64

90

118

0

0

0

Proceeds from sale of mortgage loans

224,757

203,108

184,107

168,368

165,775

169,237

173,504

160,651

159,678

170,539

193,407

219,609

225,636

218,627

199,593

194,862

202,376

208,479

200,694

185,175

176,721

162,983

178,499

213,707

247,571

285,310

315,432

315,087

307,736

304,857

297,309

273,866

257,443

248,108

0

0

0

Origination of mortgage loans for sale

229,397

203,497

188,433

167,161

160,515

162,111

167,008

153,663

152,648

158,387

176,960

207,830

217,160

212,608

197,007

184,658

189,309

206,862

200,373

188,405

178,092

160,077

166,528

200,558

234,580

261,749

298,752

306,169

298,155

304,315

297,925

274,164

259,104

237,882

0

0

0

Amortization of premiums and accretion of discounts on securities, net

-254

-218

-166

-138

-116

-114

-114

-109

-103

-95

-92

-97

-106

-142

-187

-233

-273

-287

-308

-333

-359

-396

-408

-435

-438

-417

-406

-387

-378

-331

-301

-243

-182

-169

0

0

0

Increase in bank owned life insurance

179

171

171

171

171

173

174

174

175

175

175

175

176

185

185

185

183

183

182

182

182

182

182

184

186

189

193

511

509

510

506

187

197

193

0

0

0

Net change in:
Interest receivable

-151

-65

-27

278

207

62

141

282

330

326

162

200

154

214

269

-79

614

688

518

701

84

-114

50

-456

-239

-190

-283

-113

-319

-370

-559

-668

-637

-300

0

0

0

Other assets

907

2,366

631

900

1,136

-576

-407

-747

-902

-195

-99

-3,480

-2,051

-2,660

-3,256

365

-545

190

1,178

304

127

138

3,041

2,117

-95

-1,110

-3,885

-160

-1,322

-3,491

-267

2,098

5,752

3,810

0

0

0

Interest payable

0

-

27

82

65

128

54

85

103

23

78

-16

-18

-1,276

-1,238

-1,174

-1,129

179

182

-83

-32

74

66

304

270

181

236

328

314

319

302

216

212

187

0

0

0

Other liabilities

1,633

2,156

2,757

2,084

2,010

-161

-315

94

-277

-562

-870

-2,607

-2,798

-2,257

-2,795

-263

185

505

1,604

1,570

2,349

2,736

925

-13

-1,964

-2,279

-1,133

1,545

1,773

-1,510

73

-1,062

1,786

4,135

0

0

0

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8,791

-

-2,694

-5,704

-2,421

2,252

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

-3,709

145

-1,597

2,674

6,149

7,089

4,937

5,267

4,621

8,242

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-1,382

-1,097

-183

12,384

0

0

0

Cash Flows from Investing Activities
Purchases of available for sale securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of available for sale securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available for sale securities

-

-

-

-

-

-

-

-

16,311

18,366

22,201

29,877

29,877

27,822

10,000

0

3,542

6,748

6,748

6,748

3,206

0

1

1,973

41,315

54,107

62,024

86,470

62,758

70,732

67,662

55,009

46,795

80,991

0

0

0

Proceeds from the sale of available for sale securities

-

-

-

-

-

-

-

-

7,956

9,949

1,101

5,483

11,469

21,041

22,370

18,283

12,520

7,566

24,277

25,937

28,794

22,310

5,365

3,614

7,619

15,737

34,119

62,692

70,134

76,167

158,894

130,117

115,590

102,116

0

0

0

Proceeds from maturities, calls and paydowns of available for sale securities

5,387

5,177

4,587

4,330

3,947

3,752

3,501

3,086

2,648

2,204

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-67,640

-57,505

-21,066

3,897

0

0

0

Net increase in loans

17,509

14,916

7,212

16,611

30,484

45,923

68,753

63,799

48,118

32,067

14,014

17,144

22,541

26,169

28,922

17,263

26,289

21,181

28,008

42,256

21,197

8,860

-16,543

-30,996

-40,245

-56,562

-58,625

-67,768

-60,881

-39,411

-26,185

-20,729

-10,077

-11,442

0

0

0

Proceeds from sale of other real estate owned

-

-

-

-

-

1,333

1,309

1,139

849

1,621

2,200

2,482

5,245

3,680

4,798

5,250

5,939

7,037

8,235

9,895

9,658

10,952

9,233

8,753

6,586

5,301

8,904

8,362

7,916

7,281

3,139

4,540

5,765

5,794

0

0

0

Purchases of premises and equipment, net

83

225

140

324

273

197

285

712

961

966

1,083

933

907

912

1,000

910

397

1,080

1,659

2,250

2,674

2,587

1,294

803

714

106

600

331

415

355

347

453

522

807

0

0

0

Purchase of restricted stock

660

374

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) by investing activities

-14,662

-17,199

-6,442

-12,750

-23,784

-40,318

-70,667

-69,049

-54,345

-38,033

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

52,569

42,419

63,048

41,451

0

0

0

Cash Flows from Financing Activities
Net proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,965

8,965

8,965

8,965

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

17

17

16

1,681

1,681

1,681

1,681

0

0

0

0

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-10,934

-

-3,903

-15,422

11,375

21,832

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

-

-

5,027

5,027

5,027

5,027

688

688

688

688

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of preferred dividends

-

-

-

-

-

113

454

454

454

3,257

2,916

2,916

2,916

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in deposits

25,443

4,161

40,573

13,243

21,902

27,423

29,462

27,592

32,890

28,347

28,184

37,767

19,524

18,429

10,181

-2,787

-7,748

-14,012

-11,625

-18,866

-19,385

-11,768

-20,932

-29,718

-25,202

-45,695

-33,546

-31,424

-43,973

-49,198

-69,029

-55,557

-39,566

-13,491

0

0

0

Net increase in Federal Home Loan Bank advances

-15,000

-8,000

0

0

0

-

-

-

-

-9,900

6,600

1,600

-2,400

3,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in Federal Home Loan Bank advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

4,000

8,000

10,000

10,000

10,000

6,000

9,750

9,750

9,750

9,750

2,000

-9,000

0

0

0

Net decrease in other borrowings

0

5,317

8

-643

-3,337

-1,560

16

667

3,283

1,503

-215

-316

-480

-427

-123

-3,341

-1,999

-2,794

-1,497

1,670

-346

589

-1,454

-2,438

1,021

-2,138

-2,061

-636

-3,325

-927

243

-671

-33

1,613

0

0

0

Issuance of subordinated debt, net

-

-

-

-

-

5,539

5,539

5,539

5,539

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-17,826

-

-12,160

-16,242

-14,777

-15,190

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

40,443

17,478

39,081

23,100

27,265

34,962

50,436

47,217

41,131

35,805

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-78,719

-66,162

-41,784

-3,062

0

0

0

Net increase in cash and cash equivalents

22,072

424

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-8,593

6,014

-1,048

3,332

-5,853

-5,466

5,684

8,992

-19,968

-31,840

-18,757

-37,368

-5,823

8,894

11,057

9,372

-12,623

-12,922

7,556

20,860

26,540

-9,655

-27,533

-24,839

21,080

50,773

0

0

0

Supplemental Disclosure of Cash Flow Information
Cash payments for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,877

-

2,999

3,385

3,402

3,486

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash payments for interest

5,371

5,330

5,104

4,698

4,320

3,780

3,407

3,017

2,745

2,698

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental Schedule of Non-Cash Activities
Real estate owned assets acquired in settlement of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

268

400

450

462

461

2,582

2,976

6,270

7,628

7,343

7,149

5,638

7,149

-29,185

-24,856

-22,916

-19,171

8,699

9,685

9,930

-3,781

0

0

0

Dividends on preferred stock accrued

-

-

-

-

-

-

-

-

-

57

575

648

717

737

721

705

689

674

874

1,105

1,272

1,386

1,197

980

829

737

769

766

731

731

515

885

736

552

0

0

0

Unrealized gains (losses) on securities available for sale

1,078

1,117

1,210

944

250

-696

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right of use assets obtained in exchange for new operating lease liabilities

0

1,405

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Minimum pension adjustment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-Cash conversion of preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,619

4,619

4,619

4,619

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Forgiveness of principal and accrued dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,619

6,619

6,619

6,619

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-