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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20131811174940
Cash and cash equivalents20131811174940
Disposal group, including discontinued operation     10 
Total current assets:20131811175940
Noncurrent Assets
Operating lease, right-of-use asset1
Property, plant and equipment12121313141412
Total noncurrent assets:13121313141412
Other undisclosed assets507490446421389361392
TOTAL ASSETS:540515477445420434444
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5 20111 
Total current liabilities:5 20111 
Noncurrent Liabilities
Other undisclosed liabilities492478436401389404426
Total liabilities:497478438401390415426
Stockholders' equity
Stockholders' equity attributable to parent, including:43373944301918
Preferred stock  00000
Common stock66666121
Additional paid in capital54535859585838
Accumulated other comprehensive income (loss)0(1)(0)(0)(1)(1)(4)
Accumulated deficit(17)(22)(25)(21)(34)(41)(38)
Receivable from officers and directors for issuance of capital stock(1)(1)(1)(1)(1)(1)(1)
Warrants and rights outstanding 111111
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:43373944301918
TOTAL LIABILITIES AND EQUITY:540515477445420434444

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues332925279222
Revenue, net34   
Gain on disposition of assets for financial service operations65
Net investment income22201716 15 
Financial services revenue89962
Cost of revenue(0)    (0)(1)
Provision for loan, lease, and other losses(0) 
Financial services costs   (0)(1)
Gross profit:332925279221
Operating expenses    (19)(16)(18)
Other operating income, net
(Noninterest Income, Other Operating Income)
0001001
Operating income (loss):34292628(10)6(16)
Nonoperating income (expense)(0)001121
Investment income, nonoperating   1111
Gains (losses) on sales of other real estate     0(0)
Bank owned life insurance income     00
Profit (loss) from real estate operations(0)00(0)   
Interest and debt expense(5)(4)(3)(3)(3)(4)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(23)(22)(22)(23)12(5)16
Income (loss) from continuing operations before income taxes:64121(1)(4)
Income tax expense (benefit)(1)(1)(5)11 02
Net income (loss):43(3)141(1)(2)
Other undisclosed net loss attributable to parent     (0)(2)
Net income (loss) attributable to parent:43(3)141(1)(4)
Preferred stock dividends and other adjustments (0)(0)(1)(1)(1)(1)
Other undisclosed net income available to common stockholders, basic    7  
Net income (loss) available to common stockholders, diluted:43(4)137(2)(5)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):43(3)141(1)(2)
Other comprehensive income (loss)1(0)(0)002(8)
Comprehensive income (loss), net of tax, attributable to parent:53(3)1411(10)

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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