Village Bank & Trust Financial Corp. VBFC Income Statement

Village bank & trust financial corp. (VBFC)

Income statement / 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	Sep'10	Jun'10
Interest income
Loans
5,369	5,530	5,594	5,556	5,365	5,318	5,192	4,873	4,488	4,321	4,135	3,993	3,958	3,981	4,013	3,804	3,765	3,737	3,780	3,692	3,624	3,729	3,814	3,795	3,971	4,220	4,459	4,622	5,142	5,936	5,488	5,614	5,899	6,186	6,586	6,767	7,040	7,409	7,214
Investment securities
270	269	284	271	293	286	254	259	263	245	178	165	163	94	72	69	120	152	155	154	155	224	304	322	332	331	324	239	188	168	166	215	150	298	356	352	300	237	285
Federal funds sold
45	98	132	44	51	55	34	20	26	28	67	34	11	25	19	14	13	9	10	18	18	24	19	25	19	15	18	28	25	14	11	11	20	32	19	20	18	13	16
Total interest income
5,684	5,897	6,010	5,871	5,709	5,659	5,480	5,152	4,777	4,594	4,380	4,192	4,132	4,100	4,104	3,887	3,898	3,898	3,945	3,864	3,797	3,977	4,137	4,142	4,322	4,567	4,801	4,889	5,356	6,120	5,667	5,841	6,070	6,517	6,962	7,140	7,359	7,660	7,516
Interest expense
Deposits
900	1,020	1,041	909	882	819	715	659	631	631	615	589	566	583	590	595	599	604	621	620	636	702	751	767	786	823	850	950	1,042	1,141	1,187	1,245	1,358	1,527	1,693	1,905	2,038	2,168	2,278
Borrowed funds
357	350	357	410	361	352	332	265	135	93	73	81	73	69	70	63	40	79	82	103	122	276	-22	138	162	148	167	219	224	266	263	244	290	295	305	297	282	450	536
Total interest expense
1,257	1,370	1,398	1,319	1,243	1,171	1,047	924	766	724	688	670	639	652	660	658	639	683	703	723	758	978	729	905	948	972	1,017	1,169	1,266	1,407	1,450	1,489	1,649	1,823	1,998	2,202	2,321	2,619	2,814
Net interest income
4,427	4,527	4,612	4,552	4,466	4,488	4,433	4,228	4,011	3,870	3,692	3,522	3,493	3,448	3,444	3,229	3,259	3,215	3,242	3,141	3,039	2,999	3,408	3,237	3,374	3,595	3,784	3,720	4,089	4,712	4,216	4,351	4,421	4,694	4,964	4,938	5,037	5,041	4,701
Provision for loan losses
400	135	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	-2,000	0	0	0	0	0	0	100	350	0	0	823	0	700	6,660	1,735	7,353	9,507	900	1,003	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,410	1,240
Net interest income after provision for loan losses
4,027	4,392	4,612	4,552	4,466	4,488	4,433	4,228	4,011	3,870	3,692	3,522	3,493	3,448	3,444	3,229	3,259	5,215	3,242	3,141	3,039	2,999	3,408	3,237	3,274	3,245	3,784	3,720	3,266	4,712	3,516	-2,308	2,686	-2,658	-4,543	4,038	4,034	3,631	3,461
Noninterest income
Service charges and fees
518	543	557	541	458	490	485	482	457	-	460	459	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking income, net
1,370	1,272	1,784	1,196	787	-	1,227	1,120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment securities
12	-	0	-	101	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of Small Business Administration loans
86	-	-	-	92	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges and fees
-	-	-	-	-	-	-	-	-	-	-	-	453	601	673	649	536	613	632	683	592	572	589	601	483	522	646	634	511	606	604	540	507	576	495	498	372	484	515
Mortgage banking income, net
-	-	-	-	-	-	-	-	817	1,028	1,114	1,236	1,143	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	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	1,922	1,633
Gain on sale of asset held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	504	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3	-	-	0	0	598	-	0	0	-	-	108	0	63	0	489
Gain on sale of investment securities
-	-	-	0	-	-	-	0	0	-72	0	0	-9	0	15	38	109	-1	0	0	7	-197	-14	1	0	-0	0	127	90	189	556	99	164	-	-	-	-	-	-
Rental income
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	262	320	307	309	250	239	232	226	250	257	161	214	214	264	247	187	182	176	221	168	164	151	118	109
Other
74	-35	125	211	80	95	83	65	59	89	73	70	63	422	114	92	85	84	89	75	103	106	99	112	123	729	99	111	186	216	285	121	89	152	100	106	94	136	238
Total noninterest income
2,060	1,976	2,466	1,948	1,518	1,396	1,795	1,667	1,333	1,518	1,647	1,765	1,650	2,823	2,845	2,986	2,196	2,282	2,870	2,736	2,170	1,706	2,190	2,319	1,674	2,105	3,085	3,458	3,606	3,486	4,028	3,135	2,688	3,785	2,597	2,405	2,055	2,662	2,986
Noninterest expense
Salaries and benefits
3,022	2,763	2,841	3,701	2,936	2,782	2,928	2,972	2,943	3,039	2,985	3,048	3,009	2,832	3,045	2,759	2,659	2,575	2,892	2,711	2,668	2,577	2,659	2,679	2,770	2,438	3,054	2,973	3,439	1,386	3,484	3,305	3,098	3,319	3,060	3,195	3,050	3,180	2,987
Commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	443	533	381	249	321	499	443	292	258	338	347	222	-	580	546	-	-	-	-	-	-	-	-	-	-	-
Occupancy
326	336	338	323	349	336	316	345	330	313	269	284	267	283	324	415	448	431	412	409	478	417	397	393	483	492	502	513	556	573	513	579	546	559	540	518	493	492	472
Equipment
200	208	208	210	226	218	228	214	215	204	193	177	183	189	197	193	183	177	189	212	187	182	146	174	206	192	166	179	177	167	231	202	205	222	224	224	220	192	220
Write down of assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	220	-	-	0	687	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cease use lease obligation
-	-	-	-	-	-	-	-	-	0	0	0	-125	252	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplies
38	37	73	42	41	38	44	47	57	71	55	62	56	33	81	72	79	73	70	65	70	101	77	78	88	111	100	119	105	108	125	105	91	103	98	109	116	111	116
Professional and outside services
716	738	735	754	809	802	649	802	720	739	742	727	786	780	743	758	718	778	856	649	647	654	615	642	639	596	500	637	686	701	708	733	635	736	599	523	566	460	493
Advertising and marketing
78	89	82	64	58	74	77	67	79	66	134	51	89	116	76	78	85	79	73	101	72	101	81	56	83	56	50	79	63	52	48	47	76	97	84	111	122	109	136
Foreclosed assets, net
0	-5	-6	-5	-1	-5	-21	5	69	141	-11	-30	192	-143	-79	-70	-101	-	49	218	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreclosed assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	132	-	-	-	283	3,454	1,301	752	1,574	1,180	1,724	677	1,118	202	387	361	462	327	471
FDIC insurance premium
60	0	0	68	90	85	82	79	77	90	69	69	69	5	90	135	62	214	234	234	234	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale and write down of OREO, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	364	404	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expense
510	521	605	516	489	444	475	580	508	564	502	508	452	495	541	475	469	503	465	500	434	-265	787	816	831	-97	883	790	780	-303	915	1,027	1,003	-205	973	1,010	866	913	853
Total noninterest expense
4,950	4,719	4,888	5,683	4,999	4,840	4,820	5,101	4,860	5,176	4,960	4,956	4,594	5,571	5,709	5,556	5,053	7,401	5,641	5,793	5,214	5,186	5,464	5,589	5,605	9,170	7,136	6,588	7,383	7,082	7,751	6,680	6,775	6,038	5,969	6,054	5,897	5,787	5,751
Income before income tax expense
1,137	1,649	2,190	817	985	1,044	1,408	794	484	212	379	331	549	700	580	659	402	96	471	84	-5	-	134	-33	-	-	-267	590	-	1,116	-205	-5,854	-1,400	-4,911	-7,916	389	192	506	696
Income tax expense
239	345	463	180	176	188	280	153	72	4,233	106	94	134	180	-11,352	0	0	0	0	0	0	-	0	0	-	-	0	0	-	11	161	3,881	0	2,002	-2,671	132	109	172	236
Net income
898	1,304	1,727	637	809	856	1,128	641	412	-4,021	273	237	415	520	11,932	659	402	96	471	84	-5	-481	134	-33	-657	-3,818	-267	590	-511	1,104	-367	-9,736	-1,400	-6,914	-5,244	256	82	334	459
Preferred stock dividends and amortization of discount
-	-	0	0	-	0	0	0	113	113	113	114	158	190	186	183	178	174	170	167	163	230	545	347	314	222	221	221	221	251	221	185	220	222	222	220	218	221	219
Preferred stock principal forgiveness
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,404	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividend forgiveness
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,215	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common shareholders
-	-	1,727	637	-	856	1,128	641	299	-4,134	160	123	257	330	11,746	476	224	-78	301	-83	6,451	-711	-411	-380	-971	-4,041	-488	369	-732	852	-588	-9,921	-1,620	-7,137	-5,467	36	-135	112	240
Earnings per share, basic
0.62	0.91	1.19	0.44	0.56	0.59	0.79	0.45	0.21	-2.93	0.11	0.09	0.18	0.28	8.21	0.34	0.16	-10.27	0.21	-0.06	15.77	-2.11	-1.23	-1.14	-2.91	-	-	0.09	-0.17	-	-0.14	-2.33	-0.38	-1.68	-1.29	0.01	-0.03	0.03	0.06
Earnings per share, diluted
0.62	0.91	1.19	0.44	0.56	0.59	0.79	0.45	0.21	-2.93	0.11	0.09	0.18	0.28	8.21	0.34	0.16	-10.06	0.21	-0.06	15.40	-2.11	-1.23	-1.14	-2.91	-	-	0.09	-0.17	-	-0.14	-2.33	-0.38	-1.68	-1.29	0.01	-0.03	0.03	0.06
Earnings (loss) per share, basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.84	-	-	-	-	-	-	-	-	-	-	-	-