Financial reports / Village Bank and Trust Financial Corp. | Tables in SEC filings

VBFC Village Bank and Trust Financial Corp.

Quarterly report


																Revolving-	Total
	2024		2023		2022		2021			2020		Prior		Revolving		Term	Loans
September 30, 2024
Construction and land development
Residential
Pass	$	8,364	$	2,793	$	1,358	$	339	$	—	$	—	$	3,807	$	—	$	16,661
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Residential	$	8,364	$	2,793	$	1,358	$	339	$	—	$	—	$	3,807	$	—	$	16,661
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial
Pass		4,349		7,309		10,343		13,195		201		850		—		—		36,247
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Commercial	$	4,349	$	7,309	$	10,343	$	13,195	$	201	$	850	$	—	$	—	$	36,247
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate
Owner occupied
Pass		12,033		13,238		23,203		18,798		9,497		48,221		1,650		—		126,640
Special Mention		—		—		—		—		—		3,107		—		—		3,107
Substandard		—		—		—		—		—		—		—		—		—
Total Owner occupied	$	12,033	$	13,238	$	23,203	$	18,798	$	9,497	$	51,328	$	1,650	$	—	$	129,747
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Non-owner occupied
Pass		11,725		11,463		29,220		27,256		22,869		53,861		4,727		—		161,121
Special Mention		—		—		—		2,135		—		2,723		—		—		4,858
Substandard		—		—		—		—		—		—		—		—		—
Total Non-owner occupied	$	11,725	$	11,463	$	29,220	$	29,391	$	22,869	$	56,584	$	4,727	$	—	$	165,979
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multifamily
Pass		5,249		1,300		—		2,293		257		6,654		2,109		—		17,862
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Multifamily	$	5,249	$	1,300	$	—	$	2,293	$	257	$	6,654	$	2,109	$	—	$	17,862
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Farmland
Pass		—		—		—		—		—		18		300		—		318
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Farmland	$	—	$	—	$	—	$	—	$	—	$	18	$	300	$	—	$	318
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer real estate
Home equity lines
Pass		—		—		—		—		—		—		22,239		—		22,239
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		145		—		145
Total Home equity lines	$	—	$	—	$	—	$	—	$	—	$	—	$	22,384	$	—	$	22,384
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Secured by 1-4 family residential
First deed of trust
Pass		12,170		27,947		13,909		13,587		6,696		17,521		—		—		91,830
Special Mention		—		2,304		—		—		—		207		—		—		2,511
Substandard		—		—		—		—		—		156		—		—		156
Total First deed of trust	$	12,170	$	30,251	$	13,909	$	13,587	$	6,696	$	17,884	$	—	$	—	$	94,497
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Second deed of trust
Pass		3,673		4,140		2,906		879		362		1,256		289		—		13,505
Special Mention		87		—		—		—		—		106		—		—		193
Substandard		—		—		—		—		—		85		—		—		85
Total Second deed of trust	$	3,760	$	4,140	$	2,906	$	879	$	362	$	1,447	$	289	$		$	13,783
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial and industrial loans
(except those secured by real estate)
Pass		15,243		16,463		12,945		9,815		4,363		4,113		34,809		—		97,751
Special Mention		—		—		85		—		—		92		847		—		1,024
Substandard		—		—		—		79		—		24		—		—		103
Total Commercial and industrial	$	15,243	$	16,463	$	13,030	$	9,894	$	4,363	$	4,229	$	35,656	$	—	$	98,878
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Guaranteed student loans
Pass		—		—		—		—		—		13,645		—		—		13,645
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Guaranteed student loans	$	—	$	—	$	—	$	—	$	—	$	13,645	$	—	$	—	$	13,645
Current period gross writeoff	$	16	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	16
Consumer and other
Pass		396		309		325		57		21		24		3,639		—		4,771
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Consumer and other	$	396	$	309	$	325	$	57	$	21	$	24	$	3,639	$		$	4,771
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total Current period gross writeoff	$	16	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	16
Total loans	$	73,289	$	87,266	$	94,294	$	88,433	$	44,266	$	152,663	$	74,561	$	—	$	614,772


	Unrealized		Defined
	Losses on AFS		Benefit
	Securities		Plan		Total

Accumulated other comprehensive loss December 31, 2022	$	(10,863)	$	(18)	$	(10,881)
Other comprehensive income
Other comprehensive income before reclassification		1,320		9		1,329
Amounts reclassified from AOCI into earnings		3,939		-		3,939
Net current period other comprehensive income		5,259		9		5,268
Accumulated other comprehensive loss December 31, 2023	$	(5,604)	$	(9)	$	(5,613)


	Nine Months Ended September 30, 2024						Nine Months Ended September 30, 2023
			Interest						Interest
	Average		Income/		Yield		Average		Income/		Yield
	Balance		Expense		Rate		Balance		Expense		Rate
Loans
Commercial	$	93,429	$	4,840	6.92	%	$	88,833	$	3,931	5.92	%
Real estate - residential		130,550		5,978	6.12	%		102,237		4,365	5.71	%
Real estate - commercial		304,651		11,599	5.09	%		282,687		9,944	4.70	%
Real estate - construction		48,250		2,294	6.35	%		49,603		1,851	4.99	%
Student loans		15,271		774	6.77	%		20,106		1,006	6.69	%
Consumer		4,472		286	8.54	%		4,244		233	7.34	%
Loans net of deferred fees		596,623		25,771	5.77	%		547,710		21,330	5.21	%
Loans held for sale		7,247		360	6.64	%		5,675		269	6.34	%
Investment securities		85,465		2,741	4.28	%		131,483		2,192	2.23	%
Federal funds and other		15,116		668	5.90	%		8,093		353	5.83	%
Total interest earning assets		704,451		29,540	5.60	%		692,961		24,144	4.66	%
Allowance for credit losses		(3,593)						(3,276)
Cash and due from banks		10,724						11,897
Premises and equipment, net		11,716						11,854
Other assets		24,110						23,499
Total assets	$	747,408					$	736,935

Interest bearing deposits
Interest checking	$	71,377	$	375	0.70	%	$	80,859	$	297	0.49	%
Money market		213,813		4,614	2.88	%		191,513		2,438	1.70	%
Savings		31,702		38	0.16	%		45,229		52	0.15	%
Certificates		67,869		2,161	4.25	%		51,286		585	1.53	%
Total deposits		384,761		7,188	2.50	%		368,887		3,372	1.22	%
Borrowings
Long-term debt - trust
preferred securities		8,791		486	7.38	%		8,764		447	6.82	%
FHLB advances		37,836		1,381	4.88	%		37,509		1,347	4.80	%
Subordinated debt, net		5,700		404	9.47	%		5,698		366	8.59	%
Other borrowings		207		4	2.58	%		277		9	4.34	%
Total interest bearing liabilities		437,295		9,463	2.89	%		421,135		5,541	1.76	%
Noninterest bearing deposits		236,314						249,051
Other liabilities		4,104						3,010
Total liabilities		677,713						673,196
Equity capital		69,695						63,739
Total liabilities and capital	$	747,408					$	736,935


Net interest income before provision for credit losses			$	20,077					$	18,603
Interest spread - average yield on interest earning assets, less average rate on interest bearing liabilities					2.71	%					2.90	%
Net interest margin (net interest income expressed as a percentage of average earning assets)					3.81	%					3.59	%



	September 30,		December 31,
	2024		2023
Months to maturity:
Three or less	$	13,043	$	1,268
Over three through six		9,208		3,889
Over six through twelve		2,693		3,449
Over twelve		541		539
Total	$	25,485	$	9,145

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