Village bank & trust financial corp. (VBFC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income
Loans

22,045

19,871

16,407

15,563

14,833

15,309

18,444

22,939

26,580

29,040

31,711

Investment securities

1,117

1,062

751

355

616

1,182

1,083

701

1,308

1,086

1,457

Federal funds sold

325

135

140

71

55

87

87

59

90

54

26

Total interest income

23,487

21,068

17,298

15,989

15,504

16,578

19,614

23,699

27,980

30,181

33,195

Interest expense
Deposits

3,852

2,824

2,401

2,367

2,481

3,006

3,666

4,932

7,165

9,097

14,433

Borrowed funds

1,478

1,084

320

242

386

554

759

1,065

1,180

1,788

1,973

Total interest expense

5,330

3,908

2,721

2,609

2,867

3,560

4,425

5,997

8,345

10,885

16,407

Net interest income

18,157

17,160

14,577

13,380

12,637

13,018

15,189

17,702

19,634

19,296

16,788

Provision for loan losses

135

0

0

0

-2,000

100

1,173

9,095

18,764

4,842

13,220

Net interest income after provision for loan losses

18,022

17,160

14,577

13,380

14,637

12,918

14,016

8,607

870

14,454

3,568

Noninterest income
Service charges and fees

2,099

1,914

1,845

-

-

-

-

-

-

-

-

Mortgage banking income, net

5,039

4,064

-

-

-

-

-

-

-

-

-

Gain on sale of investment securities

101

-89

-

-

-

-

-

-

-

-

-

Gain on sale of Small Business Administration loans

288

-

-

-

-

-

-

-

-

-

-

Service charges and fees

-

-

-

2,459

2,520

2,245

2,314

2,259

1,942

1,865

1,612

Mortgage banking income, net

-

-

4,521

-

-

-

-

-

-

-

-

Gain on sale of loans

-

-

-

6,430

6,076

4,449

7,744

8,562

6,522

7,003

5,828

Gain on sale of asset held for sale

-

-

-

504

0

0

-

-

-

-

-

Gain on sale of assets

-

-

-

-

-

-

-

-

-

243

-43

Gain on sale of investment securities

-

-

-81

162

6

-210

217

1,010

1,217

768

329

Rental income

-

-

-

582

1,105

965

854

794

706

464

187

Other

381

302

295

713

351

440

1,126

714

454

644

370

Total noninterest income

7,908

6,191

6,580

10,850

10,058

7,889

12,255

13,339

10,843

10,990

8,285

Noninterest expense
Salaries and benefits

12,241

11,625

12,081

11,295

10,846

10,685

11,905

11,275

12,625

12,337

10,476

Commissions

-

-

-

1,606

1,555

1,165

2,003

2,012

-

-

-

Occupancy

1,346

1,327

1,133

1,470

1,730

1,690

2,064

2,213

2,112

1,931

1,757

Equipment

852

875

757

762

765

708

715

807

891

847

877

Write down of assets held for sale

22

56

231

220

2,649

0

0

-

-

-

-

Cease use lease obligation

-

-

-125

252

0

0

-

-

-

-

-

Supplies

193

186

244

265

278

344

436

431

428

501

495

Professional and outside services

3,036

2,973

2,994

2,999

2,930

2,550

2,420

2,779

2,425

2,028

1,726

Advertising and marketing

293

297

340

355

325

321

249

225

416

492

308

Foreclosed assets, net

-17

48

292

-393

-153

-1,244

-

-

-

-

-

Foreclosed assets, net

-

-

-

-

-

-

7,082

4,701

1,413

1,693

1,475

FDIC insurance premium

158

323

297

292

916

968

1,048

1,204

1,002

1,168

1,366

Other operating expense

2,131

2,007

2,026

1,980

1,902

2,169

2,356

2,643

2,645

2,302

2,432

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

7,422

Total noninterest expense

20,289

19,621

19,686

21,889

24,049

21,844

30,278

28,290

23,961

23,303

28,337

Income before income tax expense

5,641

3,730

1,471

2,341

646

-1,037

-4,007

-6,344

-12,246

2,141

-16,484

Income tax expense

1,164

693

4,567

-11,172

0

0

0

4,055

-426

711

-3,879

Net income

4,477

3,037

-3,096

13,513

646

-1,037

-4,007

-10,399

-11,820

1,430

-12,605

Preferred stock dividends and amortization of discount

0

113

498

737

674

1,436

886

879

882

881

590

Preferred stock principal forgiveness

-

-

-

0

4,404

0

0

-

-

-

-

Preferred stock dividend forgiveness

-

-

-

0

2,215

0

0

-

-

-

-

Net income available to common shareholders

4,477

2,924

-3,594

12,776

6,591

-2,473

-4,893

-11,278

-12,703

548

-13,195

Earnings per share, basic

3.10

2.04

-2.55

8.99

5.65

-7.39

-18.06

-

-2.99

0.13

-3.12

Earnings per share, diluted

3.10

2.04

-2.55

8.99

5.49

-7.39

-18.06

-

-2.99

0.13

-3.12

Earnings (loss) per share, basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-42.40

-

-

-