$VBFC
Village Bank & Trust Financial Corp.

2022 Q4 Form 10-Q Financial Statement

#000155837022017300 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $9.164M $10.52M
YoY Change -12.86% -5.05%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $137.0K $138.0K $160.0K
YoY Change 5.38% -13.75% 14.29%
% of Gross Profit
Operating Expenses $6.503M $6.865M
YoY Change -5.27% -15.54%
Operating Profit
YoY Change
Interest Expense $420.0K $492.0K
YoY Change -14.63% -53.98%
% of Operating Profit
Other Income/Expense, Net $2.078M $2.030M
YoY Change 2.36% -3.84%
Pretax Income $2.682M $2.661M $3.651M
YoY Change -10.3% -27.12% 23.89%
Income Tax $520.0K $508.0K $752.0K
% Of Pretax Income 19.39% 19.09% 20.6%
Net Earnings $2.162M $2.153M $2.899M
YoY Change -8.39% -25.73% 27.77%
Net Earnings / Revenue 23.49% 27.57%
Basic Earnings Per Share $1.46 $1.97
Diluted Earnings Per Share $1.46 $1.460M $1.97
COMMON SHARES
Basic Shares Outstanding 1.476M 1.467M 1.468M
Diluted Shares Outstanding 1.476M 1.468M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $16.68M $32.18M $64.28M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $11.75M $11.77M $11.94M
YoY Change -0.64% -1.47% 2.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $723.3M $742.7M $730.1M
YoY Change -3.36% 1.73% 0.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.00K $58.00K $100.0K
YoY Change -30.0% -42.0% -50.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $20.00M $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $70.00K $58.00K $100.0K
YoY Change -30.0% -42.0% -50.0%
LONG-TERM LIABILITIES
Long-Term Debt $14.46M $14.45M $14.40M
YoY Change 0.39% 0.33% 0.0%
Other Long-Term Liabilities $2.890M $2.006M $7.800M
YoY Change -55.54% -74.28% 32.2%
Total Long-Term Liabilities $17.35M $16.45M $22.20M
YoY Change -17.0% -25.88% 9.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $70.00K $58.00K $100.0K
Total Long-Term Liabilities $17.35M $16.45M $22.20M
Total Liabilities $662.2M $684.3M $668.3M
YoY Change -3.33% 2.39% -1.5%
SHAREHOLDERS EQUITY
Retained Earnings $10.96M $9.032M $1.352M
YoY Change 212.25% 568.05%
Common Stock $5.868M $5.861M $5.822M
YoY Change 0.79% 0.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $61.11M $58.37M $61.73M
YoY Change
Total Liabilities & Shareholders Equity $723.3M $742.7M $730.1M
YoY Change -3.36% 1.73% 0.37%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $2.162M $2.153M $2.899M
YoY Change -8.39% -25.73% 27.77%
Depreciation, Depletion And Amortization $137.0K $138.0K $160.0K
YoY Change 5.38% -13.75% 14.29%
Cash From Operating Activities $4.940M $5.488M $8.630M
YoY Change -53.75% -36.41% -213.4%
INVESTING ACTIVITIES
Capital Expenditures $120.0K -$309.0K -$40.00K
YoY Change -700.0% 672.5% 33.33%
Acquisitions
YoY Change
Other Investing Activities $2.972M -$20.86M -$23.93M
YoY Change -2576.67% -12.81% -374.74%
Cash From Investing Activities $2.852M -$21.17M -$23.97M
YoY Change -2137.14% -11.66% -375.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.30M -7.029M 7.970M
YoY Change -230.94% -188.19% 286.89%
NET CHANGE
Cash From Operating Activities 4.940M 5.488M 8.630M
Cash From Investing Activities 2.852M -21.17M -23.97M
Cash From Financing Activities -23.30M -7.029M 7.970M
Net Change In Cash -15.50M -22.72M -7.370M
YoY Change -154.72% 208.21% -334.71%
FREE CASH FLOW
Cash From Operating Activities $4.940M $5.488M $8.630M
Capital Expenditures $120.0K -$309.0K -$40.00K
Free Cash Flow $4.820M $5.797M $8.670M
YoY Change -54.95% -33.14% -214.38%

Facts In Submission

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dei Security12b Title
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2022Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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ComprehensiveIncomeNetOfTax
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ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Payments To Acquire Available For Sale Securities Debt
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vbfc Adjustments To Additional Paid In Capital Shares Issued On Vesting Of Restricted Shares Value
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Common Stock Dividends Per Share Declared
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StockholdersEquity
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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vbfc Gain Loss On Loans Held For Sale
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
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us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
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us-gaap Payments For Origination Of Mortgage Loans Held For Sale
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Bank Owned Life Insurance Income
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us-gaap Payments For Proceeds From Loans And Leases
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PaymentsForProceedsFromLoansAndLeases
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PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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vbfc Payments To Acquire Restricted Stock
PaymentsToAcquireRestrictedStock
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vbfc Payments To Acquire Restricted Stock
PaymentsToAcquireRestrictedStock
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Net
InterestPaidNet
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vbfc Unrealized Loss On Securities Available For Sale
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vbfc Unrealized Loss On Securities Available For Sale
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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vbfc Minimum Pension Adjustments Through Noncash Payments Amount
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vbfc Minimum Pension Adjustments Through Noncash Payments Amount
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CY2021Q3 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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EarningsPerShareBasic
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CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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CY2022Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2022Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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CY2022Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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CY2022Q3 us-gaap Available For Sale Securities Debt Securities
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AvailableForSaleDebtSecuritiesAmortizedCostBasis
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CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
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CY2021Q4 us-gaap Available For Sale Securities Debt Securities
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2021Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2022Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
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CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
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CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
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CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
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CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
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CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
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CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
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CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
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CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
6443000
CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
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24
CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
57528000
CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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8223000
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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10510000
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
10088000
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
53627000
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
49995000
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
15062000
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
14082000
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
69921000
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
60338000
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
149120000
CY2022Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
134503000
CY2022Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
540683000
CY2022Q3 vbfc Percentage Of Class Of Loans To Loan Portfolio
PercentageOfClassOfLoansToLoanPortfolio
1.000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
526457000
CY2021Q4 vbfc Percentage Of Class Of Loans To Loan Portfolio
PercentageOfClassOfLoansToLoanPortfolio
1.000
CY2022Q3 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-592000
CY2021Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
433000
CY2022Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
3370000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
3423000
CY2022Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
537905000
CY2021Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
522601000
CY2022Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
7567000
CY2022Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
7666000
CY2022Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
10000
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
9243000
CY2021Q4 vbfc Percentage Of Noninterest Bearing Demand To Deposits
PercentageOfNoninterestBearingDemandToDeposits
0.405
CY2022Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
984000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1359000
CY2022Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
540683000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
526457000
CY2022Q3 vbfc Financing Receivable And Net Investment In Lease Before Allowance For Credit Loss
FinancingReceivableAndNetInvestmentInLeaseBeforeAllowanceForCreditLoss
540683000
CY2022Q3 vbfc Financing Receivable And Net Investment In Lease Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableAndNetInvestmentInLeaseRecordedInvestment90DaysPastDueAndStillAccruing
1714000
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
526457000
CY2021Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
1961000
CY2022Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
344000
CY2022Q3 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
344000
CY2022Q3 vbfc Impaired Financing Receivable With Related Allowance
ImpairedFinancingReceivableWithRelatedAllowance
10000
CY2021Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
413000
CY2021Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
413000
CY2021Q4 vbfc Impaired Financing Receivable With Related Allowance
ImpairedFinancingReceivableWithRelatedAllowance
11000
CY2021Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
9426000
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
11000
CY2022Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
5240000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
25
CY2021Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
6485000
CY2021 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
28
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
1
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
267000
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
267000
CY2021 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2022 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7613000
CY2022Q3 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Other Time Deposit
PercentageOfInterestBearingDomesticDepositsToDepositsOtherTimeDeposit
0.069
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Other Time Deposit
InterestBearingDomesticDepositOtherTimeDeposit
56620000
CY2021Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Other Time Deposit
PercentageOfInterestBearingDomesticDepositsToDepositsOtherTimeDeposit
0.085
CY2022Q3 us-gaap Deposits
Deposits
667819000
CY2022Q3 vbfc Percentage Of Domestic Deposits Liability Total
PercentageOfDomesticDepositsLiabilityTotal
1.000
CY2021Q4 us-gaap Deposits
Deposits
664048000
CY2021Q4 vbfc Percentage Of Domestic Deposits Liability Total
PercentageOfDomesticDepositsLiabilityTotal
1.000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-300000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-500000
CY2022Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
3370000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
10000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
3360000
CY2022Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
540683000
CY2022Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
7567000
CY2022Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
533116000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
3423000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
11000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
3412000
CY2020Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
526457000
CY2020Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
9243000
CY2020Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
517214000
CY2022Q3 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
279269000
CY2022Q3 vbfc Percentage Of Noninterest Bearing Demand To Deposits
PercentageOfNoninterestBearingDemandToDeposits
0.418
CY2021Q4 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
268804000
CY2022Q3 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
86894000
CY2022Q3 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.130
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
89599000
CY2021Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.135
CY2022Q3 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
193642000
CY2022Q3 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.290
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
187942000
CY2021Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.283
CY2022Q3 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
57498000
CY2022Q3 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.086
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
54106000
CY2021Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.081
CY2022Q3 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Time Deposits
PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits
0.007
CY2021Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Time Deposits
PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits
0.011
CY2022Q3 us-gaap Interest Bearing Domestic Deposit Other Time Deposit
InterestBearingDomesticDepositOtherTimeDeposit
45873000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1470000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Net Income Loss
NetIncomeLoss
6143000
CY2022Q3 us-gaap Assets
Assets
742703000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2022Q3 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
373000
CY2021Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
353000
CY2022Q3 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
0
CY2021Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
0
CY2022Q3 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
0
CY2021Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
0
CY2022Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
66100000
vbfc Percentage Of Tier One Risk Based Capital Required For Capital Adequacy
PercentageOfTierOneRiskBasedCapitalRequiredForCapitalAdequacy
0.25
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
20923000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
9608000
CY2018Q1 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
5539000
CY2022Q3 us-gaap Subordinated Debt
SubordinatedDebt
5684000
CY2021Q4 us-gaap Subordinated Debt
SubordinatedDebt
5660000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
734
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.63
CY2021Q4 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingFairValue
9.76
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
734
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.63
CY2020Q4 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingFairValue
9.76
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2679000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedFairValue
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedFairValue
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
345
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.50
vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Exercised During Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedDuringPeriodFairValue
9.76
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Exercised During Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedDuringPeriodFairValue
0
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
389
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.74
CY2022Q3 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingFairValue
9.76
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
734
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.63
CY2021Q3 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingFairValue
9.76
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
389
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
734
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
272000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
218000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
6955000
CY2022Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1350000
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
859000
CY2022Q3 us-gaap Revenues
Revenues
9164000
CY2022Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
100000
CY2022Q3 us-gaap Interest Expense
InterestExpense
420000
us-gaap Other Expenses
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6397000
us-gaap Operating Expenses
OperatingExpenses
19134000
CY2022Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3446000
CY2022Q3 us-gaap Noninterest Expense Commission Expense
NoninterestExpenseCommissionExpense
459000
CY2022Q3 us-gaap Other Expenses
OtherExpenses
2078000
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
6503000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2661000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
508000
CY2022Q3 us-gaap Net Income Loss
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2153000
CY2022Q3 us-gaap Assets
Assets
742703000
CY2021Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
6921000
CY2021Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
2704000
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
891000
CY2021Q3 us-gaap Revenues
Revenues
10516000
CY2021Q3 us-gaap Interest Expense
InterestExpense
492000
CY2021Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3607000
CY2021Q3 us-gaap Noninterest Expense Commission Expense
NoninterestExpenseCommissionExpense
736000
CY2021Q3 us-gaap Other Expenses
OtherExpenses
2030000
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
6865000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3651000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
752000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
2899000
CY2021Q3 us-gaap Assets
Assets
730061000
us-gaap Interest And Dividend Income Operating
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19954000
us-gaap Gain Loss On Sales Of Loans Net
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4018000
us-gaap Revenue From Contract With Customer Including Assessed Tax
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2775000
us-gaap Revenues
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26747000
us-gaap Provision For Loan And Lease Losses
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-300000
us-gaap Interest Expense
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1238000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
10394000
us-gaap Noninterest Expense Commission Expense
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1405000
us-gaap Revenues
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33210000
us-gaap Provision For Loan And Lease Losses
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-500000
us-gaap Interest Expense
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1728000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
10541000
us-gaap Noninterest Expense Commission Expense
NoninterestExpenseCommissionExpense
2405000
us-gaap Other Expenses
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6156000
us-gaap Operating Expenses
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20330000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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12880000
us-gaap Income Tax Expense Benefit
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2790000
us-gaap Net Income Loss
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10090000
CY2021Q3 us-gaap Assets
Assets
730061000
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-11547000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-717000
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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21000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
27000
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2016Q1 vbfc Capital Conservation Buffer Percentage
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0.00625
CY2019Q1 vbfc Capital Conservation Buffer Percentage
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CY2022Q3 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
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124152000
CY2021Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
126356000
CY2022Q3 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
5100000
CY2022Q3 vbfc Loans Held For Sale Unpaid Principal Balance
LoansHeldForSaleUnpaidPrincipalBalance
5100000
CY2021Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
5100000
CY2021Q4 vbfc Loans Held For Sale Unpaid Principal Balance
LoansHeldForSaleUnpaidPrincipalBalance
5000000.0

Files In Submission

Name View Source Status
0001558370-22-017300-index-headers.html Edgar Link pending
0001558370-22-017300-index.html Edgar Link pending
0001558370-22-017300.txt Edgar Link pending
0001558370-22-017300-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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report.css Edgar Link pending
Show.js Edgar Link pending
vbfc-20220930.xsd Edgar Link pending
vbfc-20220930x10q.htm Edgar Link pending
vbfc-20220930xex31d1.htm Edgar Link pending
vbfc-20220930xex31d2.htm Edgar Link pending
vbfc-20220930xex32d1.htm Edgar Link pending
vbfc-20220930_def.xml Edgar Link unprocessable
vbfc-20220930_pre.xml Edgar Link unprocessable
vbfc-20220930_lab.xml Edgar Link unprocessable
vbfc-20220930x10q_htm.xml Edgar Link completed
vbfc-20220930_cal.xml Edgar Link unprocessable