Village Bank and Trust Financial Corp. (VBFC) financial statements (2021 and earlier)

Company profile

Business Address 13319 MIDLOTHIAN TURNPIKE
MIDLOTHIAN, VA 23113
State of Incorp. VA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13201318111749
Cash and cash equivalents13201318111749
Disposal group, including discontinued operation      10
Total current assets:13201318111759
Noncurrent Assets
Operating lease, right-of-use asset11
Property, plant and equipment12121213131414
Total noncurrent assets:13131213131414
Other undisclosed assets681507490446421389361
TOTAL ASSETS:706540515477445420434
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt425 20111
Total current liabilities:425 20111
Noncurrent Liabilities
Other undisclosed liabilities613492478436401389404
Total liabilities:654497478438401390415
Stockholders' equity
Stockholders' equity attributable to parent, including:52433739443019
Preferred stock   0000
Common stock6666661
Additional paid in capital55545358595858
Accumulated other comprehensive income (loss)00(1)(0)(0)(1)(1)
Accumulated deficit(9)(17)(22)(25)(21)(34)(41)
Receivable from officers and directors for issuance of capital stock(1)(1)(1)(1)(1)(1)(1)
Warrants and rights outstanding  11111
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:52433739443019
TOTAL LIABILITIES AND EQUITY:706540515477445420434

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4133292527922
Revenue, net34  
Gain on disposition of assets for financial service operations1265
Net investment income2522201716 15
Financial services revenue8996
Cost of revenue(1)(0)    (0)
Provision for loan, lease, and other losses(1)(0) 
Financial services costs   (0)
Gross profit:4033292527922
Operating expenses     (19)(16)
Other operating income, net
(Noninterest Income, Other Operating Income)
0000100
Operating income (loss):4134292628(10)6
Nonoperating income (expense)0(0)00112
Investment income, nonoperating0   111
Profit (loss) from real estate operations0(0)00(0)  
Interest and debt expense(5)(5)(4)(3)(3)(3)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(25)(23)(22)(22)(23)12(5)
Income (loss) from continuing operations before income taxes:1164121(1)
Income tax expense (benefit)(2)(1)(1)(5)11 0
Net income (loss):943(3)141(1)
Other undisclosed net loss attributable to parent      (0)
Net income (loss) attributable to parent:943(3)141(1)
Preferred stock dividends and other adjustments  (0)(0)(1)(1)(1)
Other undisclosed net income available to common stockholders, basic     7 
Net income (loss) available to common stockholders, diluted:943(4)137(2)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):943(3)141(1)
Other comprehensive income (loss)01(0)(0)002
Comprehensive income (loss), net of tax, attributable to parent:953(3)1411

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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