2024 Q2 Form 10-Q Financial Statement

#000155837024007700 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $11.26M $10.94M
YoY Change 20.82% 21.19%
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 $165.0K $163.0K
YoY Change 13.79% 16.43%
% of Gross Profit
Operating Expenses $9.198M $8.718M
YoY Change 17.82% 21.74%
Operating Profit
YoY Change
Interest Expense $3.259M $2.939M
YoY Change 65.01% 141.3%
% of Operating Profit
Other Income/Expense, Net $2.454M $2.165M
YoY Change 1.53% -6.2%
Pretax Income $2.062M $2.221M
YoY Change 36.29% 19.09%
Income Tax $409.0K $449.0K
% Of Pretax Income 19.84% 20.22%
Net Earnings $1.653M $1.772M
YoY Change 33.41% 15.06%
Net Earnings / Revenue 14.68% 16.2%
Basic Earnings Per Share $1.11 $1.19
Diluted Earnings Per Share $1.11 $1.19
COMMON SHARES
Basic Shares Outstanding 1.495M 1.493M
Diluted Shares Outstanding 1.495M 1.493M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $18.49M $32.40M
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 $11.67M $11.77M
YoY Change -1.84% -0.28%
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 $747.7M $746.9M
YoY Change -0.92% 1.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $489.0K $406.0K
YoY Change 81.11% 91.51%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $30.00M $40.00M
YoY Change -33.33% 14.29%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $30.49M $40.41M
YoY Change -32.65% 14.75%
LONG-TERM LIABILITIES
Long-Term Debt $14.46M $14.46M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities $3.719M $3.375M
YoY Change 47.29% 4.68%
Total Long-Term Liabilities $18.18M $17.84M
YoY Change 7.03% 0.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.49M $40.41M
Total Long-Term Liabilities $18.18M $17.84M
Total Liabilities $677.6M $678.5M
YoY Change -1.89% 1.13%
SHAREHOLDERS EQUITY
Retained Earnings $14.66M $13.28M
YoY Change 11.57% 9.36%
Common Stock $5.918M $5.918M
YoY Change 0.59% 0.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $70.14M $68.36M
YoY Change
Total Liabilities & Shareholders Equity $747.7M $746.9M
YoY Change -0.92% 1.64%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $1.653M $1.772M
YoY Change 33.41% 15.06%
Depreciation, Depletion And Amortization $165.0K $163.0K
YoY Change 13.79% 16.43%
Cash From Operating Activities $1.134M -$644.0K
YoY Change -131.44% -130.73%
INVESTING ACTIVITIES
Capital Expenditures $63.00K $176.0K
YoY Change -72.49% -11.11%
Acquisitions
YoY Change
Other Investing Activities -$13.35M $5.847M
YoY Change -7.57% -335.96%
Cash From Investing Activities -$13.41M $5.671M
YoY Change -8.59% -311.92%
FINANCING ACTIVITIES
Cash Dividend Paid $269.0K
YoY Change 13.5%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.626M 9.655M
YoY Change -108.08% 20.15%
NET CHANGE
Cash From Operating Activities 1.134M -644.0K
Cash From Investing Activities -13.41M 5.671M
Cash From Financing Activities -1.626M 9.655M
Net Change In Cash -13.91M 14.68M
YoY Change -852.44% 96.92%
FREE CASH FLOW
Cash From Operating Activities $1.134M -$644.0K
Capital Expenditures $63.00K $176.0K
Free Cash Flow $1.071M -$820.0K
YoY Change -127.92% -143.2%

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CY2024Q1 us-gaap Interest And Dividend Income Operating
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CY2023Q1 us-gaap Interest And Dividend Income Operating
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CY2023Q1 us-gaap Interest Expense Deposits
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CY2024Q1 us-gaap Interest Expense Borrowings
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843000
CY2023Q1 us-gaap Interest Expense Borrowings
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594000
CY2024Q1 us-gaap Interest Expense
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2939000
CY2023Q1 us-gaap Interest Expense
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6396000
CY2023Q1 us-gaap Interest Income Expense Net
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6365000
CY2024Q1 vbfc Provision Recovery Of Loan Losses
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CY2024Q1 us-gaap Interest Income Expense After Provision For Loan Loss
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CY2023Q1 us-gaap Interest Income Expense After Provision For Loan Loss
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CY2024Q1 us-gaap Debt And Equity Securities Gain Loss
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641000
CY2023Q1 us-gaap Debt And Equity Securities Gain Loss
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669000
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850000
CY2023Q1 vbfc Mortgage Banking Income Noninterest Income
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478000
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CY2023Q1 us-gaap Noninterest Income
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CY2023Q1 us-gaap Occupancy Net
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CY2023Q1 us-gaap Equipment Expense
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CY2023Q1 us-gaap Supplies Expense
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CY2023Q1 us-gaap Interest And Dividend Income Operating
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7583000
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2096000
CY2023Q1 us-gaap Interest Expense Deposits
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624000
CY2024Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
843000
CY2023Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
594000
CY2024Q1 us-gaap Interest Expense
InterestExpense
2939000
CY2023Q1 us-gaap Interest Expense
InterestExpense
1218000
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6396000
CY2023Q1 us-gaap Interest Income Expense Net
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6365000
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CY2023Q1 us-gaap Interest Income Expense After Provision For Loan Loss
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641000
CY2023Q1 us-gaap Debt And Equity Securities Gain Loss
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669000
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850000
CY2023Q1 vbfc Mortgage Banking Income Noninterest Income
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478000
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109000
CY2024Q1 us-gaap Noninterest Income
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CY2023Q1 us-gaap Noninterest Income
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3464000
CY2023Q1 us-gaap Labor And Related Expense
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3448000
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CY2023Q1 us-gaap Occupancy Net
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311000
CY2024Q1 us-gaap Equipment Expense
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278000
CY2023Q1 us-gaap Equipment Expense
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CY2024Q1 us-gaap Supplies Expense
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49000
CY2023Q1 us-gaap Supplies Expense
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49000
CY2024Q1 us-gaap Information Technology And Data Processing
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439000
CY2023Q1 us-gaap Information Technology And Data Processing
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440000
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CY2023Q1 us-gaap Professional Fees
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372000
CY2024Q1 us-gaap Marketing And Advertising Expense
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CY2023Q1 us-gaap Marketing And Advertising Expense
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111000
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CY2023Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
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474000
CY2023Q1 us-gaap Other Noninterest Expense
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CY2024Q1 us-gaap Noninterest Expense
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5629000
CY2023Q1 us-gaap Noninterest Expense
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5756000
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2221000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1865000
CY2024Q1 us-gaap Income Tax Expense Benefit
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449000
CY2023Q1 us-gaap Income Tax Expense Benefit
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CY2023Q1 us-gaap Net Income Loss
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440000
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CY2023Q1 us-gaap Professional Fees
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372000
CY2024Q1 us-gaap Marketing And Advertising Expense
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CY2023Q1 us-gaap Marketing And Advertising Expense
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474000
CY2023Q1 us-gaap Other Noninterest Expense
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CY2024Q1 us-gaap Noninterest Expense
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CY2023Q1 us-gaap Noninterest Expense
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CY2023Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2023Q1 us-gaap Comprehensive Income Net Of Tax
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CY2024Q1 us-gaap Stockholders Equity
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CY2023Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2024Q1 us-gaap Comprehensive Income Net Of Tax
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CY2023Q1 us-gaap Comprehensive Income Net Of Tax
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3024000
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CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
102000
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Depreciation Amortization And Accretion Net
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CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2024Q1 vbfc Gain Loss On Loans Held For Sale
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514000
CY2023Q1 vbfc Gain Loss On Loans Held For Sale
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CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023Q1 us-gaap Share Based Compensation
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CY2023Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
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25187000
CY2024Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
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21476000
CY2023Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
24160000
CY2024Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
69000
CY2023Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
39000
CY2023Q1 us-gaap Depreciation Amortization And Accretion Net
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140000
CY2023Q1 us-gaap Amortization Of Financing Costs
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CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2024Q1 us-gaap Bank Owned Life Insurance Income
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CY2023Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
68000
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CY2023Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
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CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2024Q1 vbfc Provision Recovery Of Loan Losses
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514000
CY2023Q1 vbfc Gain Loss On Loans Held For Sale
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CY2024Q1 us-gaap Share Based Compensation
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CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
102000
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19954000
CY2023Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
25187000
CY2024Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
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21476000
CY2023Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
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CY2024Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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69000
CY2023Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
39000
CY2024Q1 us-gaap Bank Owned Life Insurance Income
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78000
CY2023Q1 us-gaap Bank Owned Life Insurance Income
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68000
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CY2023Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
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408000
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
615000
CY2024Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
196000
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CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
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334000
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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2096000
CY2023Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
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2652000
CY2024Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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21880000
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2467000
CY2024Q1 us-gaap Payments For Proceeds From Loans And Leases
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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198000
CY2024Q1 vbfc Payments To Acquire Restricted Stock
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CY2023Q1 vbfc Payments To Acquire Restricted Stock
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626000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
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5671000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Payments Of Dividends
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CY2023Q1 us-gaap Increase Decrease In Deposits
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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8036000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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7456000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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17714000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16678000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32396000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24134000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
1076000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
168000
CY2024Q1 vbfc Unrealized Loss On Securities Available For Sale
UnrealizedLossOnSecuritiesAvailableForSale
-990000
CY2023Q1 vbfc Unrealized Loss On Securities Available For Sale
UnrealizedLossOnSecuritiesAvailableForSale
1876000
CY2024Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
408000
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
615000
CY2024Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
196000
CY2023Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
142000
CY2024Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-679000
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
334000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-644000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2096000
CY2023Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
2652000
CY2024Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
21880000
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2467000
CY2024Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
16263000
CY2023Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
1667000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
176000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
198000
CY2024Q1 vbfc Payments To Acquire Restricted Stock
PaymentsToAcquireRestrictedStock
-230000
CY2023Q1 vbfc Payments To Acquire Restricted Stock
PaymentsToAcquireRestrictedStock
626000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5671000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2676000
CY2024Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
269000
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
237000
CY2024Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
14924000
CY2023Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-6727000
CY2024Q1 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-5000000
CY2023Q1 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
15000000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9655000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8036000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
14682000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
7456000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17714000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16678000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32396000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24134000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
2743000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
1076000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
168000
CY2024Q1 vbfc Unrealized Loss On Securities Available For Sale
UnrealizedLossOnSecuritiesAvailableForSale
-990000
CY2023Q1 vbfc Unrealized Loss On Securities Available For Sale
UnrealizedLossOnSecuritiesAvailableForSale
1876000
CY2023Q1 vbfc Minimum Pension Adjustments Through Noncash Payments Amount
MinimumPensionAdjustmentsThroughNoncashPaymentsAmount
3000
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
112678000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
673000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
7766000
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
105585000
CY2024Q1 us-gaap Debt Securities
DebtSecurities
575000
CY2023Q4 us-gaap Debt Securities
DebtSecurities
24926000
CY2023Q4 us-gaap Debt Securities
DebtSecurities
24926000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
673000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
7766000
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
105585000
CY2024Q1 us-gaap Debt Securities
DebtSecurities
575000
CY2023Q1 vbfc Minimum Pension Adjustments Through Noncash Payments Amount
MinimumPensionAdjustmentsThroughNoncashPaymentsAmount
3000
CY2024Q1 us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Note 1 – Principles of presentation</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Village Bank and Trust Financial Corp. (the “Company”) is the holding company of Village Bank (the “Bank”). The consolidated financial statements include the accounts of the Company, the Bank and the Bank’s subsidiary, Village Bank Mortgage Corporation. All material intercompany balances and transactions have been eliminated in consolidation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">In the opinion of management, the accompanying condensed consolidated financial statements of the Company have been prepared on the accrual basis in accordance with generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. However, all adjustments that are, in the opinion of management, necessary for a fair presentation have been included. The results of operations for the three-month period ended March 31, 2024 are not necessarily indicative of the results to be expected for the full year ending December 31, 2024. The unaudited interim financial statements should be read in conjunction with the audited financial statements and notes to financial statements that are presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 as filed with the Securities and Exchange Commission (“SEC”).</p>
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1772000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1484000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1493000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1484000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.19
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.04
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.19
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
10252
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
10658
CY2024Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
90866000
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
290000
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8372000
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
82784000
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
112678000
CY2024Q1 us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Note 1 – Principles of presentation</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Village Bank and Trust Financial Corp. (the “Company”) is the holding company of Village Bank (the “Bank”). The consolidated financial statements include the accounts of the Company, the Bank and the Bank’s subsidiary, Village Bank Mortgage Corporation. All material intercompany balances and transactions have been eliminated in consolidation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">In the opinion of management, the accompanying condensed consolidated financial statements of the Company have been prepared on the accrual basis in accordance with generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. However, all adjustments that are, in the opinion of management, necessary for a fair presentation have been included. The results of operations for the three-month period ended March 31, 2024 are not necessarily indicative of the results to be expected for the full year ending December 31, 2024. The unaudited interim financial statements should be read in conjunction with the audited financial statements and notes to financial statements that are presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 as filed with the Securities and Exchange Commission (“SEC”).</p>
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1772000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1540000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1493000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1484000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1493000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1484000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.19
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.04
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.19
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
10252
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
10658
CY2024Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
90866000
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
290000
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8372000
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
82784000
CY2023Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2024Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
13335000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
53624000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
8372000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
8776000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
611000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
58193000
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
66969000
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
7766000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
60
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
53600000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
8400000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
10834000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
10823000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
17098000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
15485000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
62934000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
56476000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
90866000
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
82784000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
591338000
CY2024Q1 vbfc Percentage Of Class Of Loans To Loan Portfolio
PercentageOfClassOfLoansToLoanPortfolio
1.000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
575008000
CY2023Q4 vbfc Percentage Of Class Of Loans To Loan Portfolio
PercentageOfClassOfLoansToLoanPortfolio
1.000
CY2024Q1 vbfc Financing Receivable Unamortized Loan Commitment Origination Fee Costs
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeCosts
-750000
CY2023Q4 vbfc Financing Receivable Unamortized Loan Commitment Origination Fee Costs
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeCosts
-803000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3574000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3423000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
588514000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
572388000
CY2024Q1 vbfc Impaired Financing Receivable Interest Income Accrual Method1
ImpairedFinancingReceivableInterestIncomeAccrualMethod1
7000
CY2023Q1 vbfc Impaired Financing Receivable Average Recorded Investment1
ImpairedFinancingReceivableAverageRecordedInvestment1
6199000
CY2024Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
13335000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
544000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
40289000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
7828000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
53624000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
8372000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
8776000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
611000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
58193000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
7155000
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
66969000
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
7766000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
60
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
53600000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
8400000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
10834000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
10823000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
17098000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
15485000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
62934000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
56476000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
90866000
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
82784000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
591338000
CY2024Q1 vbfc Percentage Of Class Of Loans To Loan Portfolio
PercentageOfClassOfLoansToLoanPortfolio
1.000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
575008000
CY2023Q4 vbfc Percentage Of Class Of Loans To Loan Portfolio
PercentageOfClassOfLoansToLoanPortfolio
1.000
CY2024Q1 vbfc Financing Receivable Unamortized Loan Commitment Origination Fee Costs
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeCosts
-750000
CY2023Q4 vbfc Financing Receivable Unamortized Loan Commitment Origination Fee Costs
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeCosts
-803000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3574000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3423000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
588514000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
572388000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
281000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
291000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
281000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
291000
CY2024Q1 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
7000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff
6000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
25465000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
91092000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
97295000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
91832000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
47596000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
169121000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
68937000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
591338000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
591338000
CY2024Q1 vbfc Financing Receivable And Net Investment In Lease Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableAndNetInvestmentInLeaseRecordedInvestment90DaysPastDueAndStillAccruing
2575000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
575008000
CY2023Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
2228000
CY2024Q1 vbfc Impaired Financing Receivable With No Related Allowance Recorded Investment1
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment1
281000
CY2024Q1 vbfc Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance1
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance1
281000
CY2023Q4 vbfc Impaired Financing Receivable With No Related Allowance Recorded Investment1
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment1
291000
CY2023Q4 vbfc Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance1
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance1
291000
CY2024Q1 vbfc Impaired Financing Receivable Recorded Investment1
ImpairedFinancingReceivableRecordedInvestment1
281000
CY2024Q1 vbfc Impaired Financing Receivable Unpaid Principal Balance1
ImpairedFinancingReceivableUnpaidPrincipalBalance1
281000
CY2023Q4 vbfc Impaired Financing Receivable Recorded Investment1
ImpairedFinancingReceivableRecordedInvestment1
291000
CY2023Q4 vbfc Impaired Financing Receivable Unpaid Principal Balance1
ImpairedFinancingReceivableUnpaidPrincipalBalance1
291000
CY2024Q1 vbfc Impaired Financing Receivable With No Related Allowance Average Recorded Investment1
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment1
286000
CY2024Q1 vbfc Impairedfinancing Receivable With No Related Allowance Interest Income Accrual Method1
ImpairedfinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod1
7000
CY2023Q1 vbfc Impaired Financing Receivable With No Related Allowance Average Recorded Investment1
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment1
5898000
CY2023Q1 vbfc Impairedfinancing Receivable With No Related Allowance Interest Income Accrual Method1
ImpairedfinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod1
26000
CY2023Q1 vbfc Impaired Financing Receivable With Related Allowance Average Recorded Investment1
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment1
301000
CY2024Q1 vbfc Impaired Financing Receivable Average Recorded Investment1
ImpairedFinancingReceivableAverageRecordedInvestment1
286000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
281000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
291000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
281000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
291000
CY2024Q1 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
7000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff
6000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
25465000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
91092000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
97295000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
91832000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
47596000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
169121000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
68937000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
591338000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
591338000
CY2024Q1 vbfc Financing Receivable And Net Investment In Lease Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableAndNetInvestmentInLeaseRecordedInvestment90DaysPastDueAndStillAccruing
2575000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
575008000
CY2023Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
2228000
CY2024Q1 vbfc Impaired Financing Receivable With No Related Allowance Recorded Investment1
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment1
281000
CY2024Q1 vbfc Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance1
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance1
281000
CY2023Q4 vbfc Impaired Financing Receivable With No Related Allowance Recorded Investment1
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment1
291000
CY2023Q4 vbfc Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance1
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance1
291000
CY2024Q1 vbfc Impaired Financing Receivable Recorded Investment1
ImpairedFinancingReceivableRecordedInvestment1
281000
CY2024Q1 vbfc Impaired Financing Receivable Unpaid Principal Balance1
ImpairedFinancingReceivableUnpaidPrincipalBalance1
281000
CY2023Q4 vbfc Impaired Financing Receivable Recorded Investment1
ImpairedFinancingReceivableRecordedInvestment1
291000
CY2023Q4 vbfc Impaired Financing Receivable Unpaid Principal Balance1
ImpairedFinancingReceivableUnpaidPrincipalBalance1
291000
CY2024Q1 vbfc Impaired Financing Receivable With No Related Allowance Average Recorded Investment1
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment1
286000
CY2024Q1 vbfc Impairedfinancing Receivable With No Related Allowance Interest Income Accrual Method1
ImpairedfinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod1
7000
CY2023Q1 vbfc Impaired Financing Receivable With No Related Allowance Average Recorded Investment1
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment1
5898000
CY2023Q1 vbfc Impairedfinancing Receivable With No Related Allowance Interest Income Accrual Method1
ImpairedfinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod1
26000
CY2023Q1 vbfc Impaired Financing Receivable With Related Allowance Average Recorded Investment1
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment1
301000
CY2024Q1 vbfc Impaired Financing Receivable Average Recorded Investment1
ImpairedFinancingReceivableAverageRecordedInvestment1
286000
CY2024Q1 vbfc Impaired Financing Receivable Interest Income Accrual Method1
ImpairedFinancingReceivableInterestIncomeAccrualMethod1
7000
CY2023Q1 vbfc Impaired Financing Receivable Average Recorded Investment1
ImpairedFinancingReceivableAverageRecordedInvestment1
6199000
CY2023Q1 vbfc Impaired Financing Receivable Interest Income Accrual Method1
ImpairedFinancingReceivableInterestIncomeAccrualMethod1
26000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3423000
CY2024Q1 vbfc Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff1
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff1
6000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
20000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3574000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3370000
CY2023 vbfc Impact Of Adopting Asc326 Allowance For Credit Losses
ImpactOfAdoptingAsc326AllowanceForCreditLosses
-127000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
-21000
CY2023 vbfc Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff1
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff1
33000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
192000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3423000
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
137000
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
23000
CY2024Q1 us-gaap Provision For Other Losses
ProvisionForOtherLosses
13000
CY2023Q1 us-gaap Provision For Other Losses
ProvisionForOtherLosses
-23000
CY2024Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
150000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3570000
CY2024Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
320000
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
136700
CY2023Q1 vbfc Loan Growth Being Offset By Improved Credit Metrics As Non Performing Loans As Percentage Of Loans
LoanGrowthBeingOffsetByImprovedCreditMetricsAsNonPerformingLoansAsPercentageOfLoans
0.0012
CY2024Q1 vbfc Loan Growth Being Offset By Improved Credit Metrics As Non Performing Loans As Percentage Of Loans
LoanGrowthBeingOffsetByImprovedCreditMetricsAsNonPerformingLoansAsPercentageOfLoans
0.0005
CY2024Q1 us-gaap Provision For Other Losses
ProvisionForOtherLosses
13300
CY2024Q1 vbfc Allowance For Credit Losses On Loans To Total Loans Ratio
AllowanceForCreditLossesOnLoansToTotalLoansRatio
0.60
CY2024Q1 vbfc Allowance For Credit Losses On Loans To Total Loans Peer Average Ratio
AllowanceForCreditLossesOnLoansToTotalLoansPeerAverageRatio
1.11
CY2023Q1 vbfc Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
3530000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3270000
CY2023Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
254000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3574000
CY2024Q1 vbfc Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment2
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment2
3574000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
591338000
CY2024Q1 vbfc Financing Receivable Individually Evaluated For Impairment1
FinancingReceivableIndividuallyEvaluatedForImpairment1
281000
CY2024Q1 vbfc Financing Receivable Collectively Evaluated For Impairment1
FinancingReceivableCollectivelyEvaluatedForImpairment1
591057000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3423000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
575008000
CY2023Q4 vbfc Financing Receivable Individually Evaluated For Impairment1
FinancingReceivableIndividuallyEvaluatedForImpairment1
291000
CY2023Q4 vbfc Financing Receivable Collectively Evaluated For Impairment1
FinancingReceivableCollectivelyEvaluatedForImpairment1
574717000
CY2023Q1 vbfc Impaired Financing Receivable Interest Income Accrual Method1
ImpairedFinancingReceivableInterestIncomeAccrualMethod1
26000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3423000
CY2024Q1 vbfc Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff1
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff1
6000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
20000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3574000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3370000
CY2023 vbfc Impact Of Adopting Asc326 Allowance For Credit Losses
ImpactOfAdoptingAsc326AllowanceForCreditLosses
-127000
CY2023 vbfc Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff1
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff1
33000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
192000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3423000
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
137000
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
23000
CY2024Q1 us-gaap Provision For Other Losses
ProvisionForOtherLosses
13000
CY2023Q1 us-gaap Provision For Other Losses
ProvisionForOtherLosses
-23000
CY2024Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
150000
CY2024Q1 vbfc Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
3890000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3570000
CY2024Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
320000
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
136700
CY2023Q1 vbfc Loan Growth Being Offset By Improved Credit Metrics As Non Performing Loans As Percentage Of Loans
LoanGrowthBeingOffsetByImprovedCreditMetricsAsNonPerformingLoansAsPercentageOfLoans
0.0012
CY2024Q1 vbfc Loan Growth Being Offset By Improved Credit Metrics As Non Performing Loans As Percentage Of Loans
LoanGrowthBeingOffsetByImprovedCreditMetricsAsNonPerformingLoansAsPercentageOfLoans
0.0005
CY2024Q1 us-gaap Provision For Other Losses
ProvisionForOtherLosses
13300
CY2024Q1 vbfc Allowance For Credit Losses On Loans To Total Loans Ratio
AllowanceForCreditLossesOnLoansToTotalLoansRatio
0.60
CY2024Q1 vbfc Allowance For Credit Losses On Loans To Total Loans Peer Average Ratio
AllowanceForCreditLossesOnLoansToTotalLoansPeerAverageRatio
1.11
CY2023Q1 vbfc Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
3530000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3270000
CY2023Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
254000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3574000
CY2024Q1 vbfc Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment2
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment2
3574000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
591338000
CY2024Q1 vbfc Financing Receivable Individually Evaluated For Impairment1
FinancingReceivableIndividuallyEvaluatedForImpairment1
281000
CY2024Q1 vbfc Financing Receivable Collectively Evaluated For Impairment1
FinancingReceivableCollectivelyEvaluatedForImpairment1
591057000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3423000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
3423000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
575008000
CY2023Q4 vbfc Financing Receivable Individually Evaluated For Impairment1
FinancingReceivableIndividuallyEvaluatedForImpairment1
291000
CY2023Q4 vbfc Financing Receivable Collectively Evaluated For Impairment1
FinancingReceivableCollectivelyEvaluatedForImpairment1
574717000
CY2024Q1 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
230118000
CY2024Q1 vbfc Percentage Of Noninterest Bearing Demand To Deposits
PercentageOfNoninterestBearingDemandToDeposits
0.371
CY2023Q4 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
247624000
CY2023Q4 vbfc Percentage Of Noninterest Bearing Demand To Deposits
PercentageOfNoninterestBearingDemandToDeposits
0.409
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
78739000
CY2024Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.127
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
76289000
CY2023Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.126
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
207640000
CY2024Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.335
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
195249000
CY2023Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.323
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
35238000
CY2024Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.057
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
39633000
CY2023Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.065
CY2024Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Time Deposits
PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits
0.050
CY2023Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Time Deposits
PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits
0.015
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Other Time Deposit
InterestBearingDomesticDepositOtherTimeDeposit
37179000
CY2024Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Other Time Deposit
PercentageOfInterestBearingDomesticDepositsToDepositsOtherTimeDeposit
0.060
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Other Time Deposit
InterestBearingDomesticDepositOtherTimeDeposit
37405000
CY2023Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Other Time Deposit
PercentageOfInterestBearingDomesticDepositsToDepositsOtherTimeDeposit
0.062
CY2024Q1 us-gaap Deposits
Deposits
620269000
CY2024Q1 vbfc Percentage Of Domestic Deposits Liability Total
PercentageOfDomesticDepositsLiabilityTotal
1.000
CY2023Q4 us-gaap Deposits
Deposits
605345000
CY2023Q4 vbfc Percentage Of Domestic Deposits Liability Total
PercentageOfDomesticDepositsLiabilityTotal
1.000
CY2024Q1 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
2414000
CY2023Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
2644000
CY2024Q1 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
40000000
CY2023Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
45000000
CY2024Q1 us-gaap Other Borrowings
OtherBorrowings
0
CY2023Q4 us-gaap Other Borrowings
OtherBorrowings
0
CY2024Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
26100000
CY2023Q1 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedFairValue
0
CY2024Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2024Q1 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Exercised During Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedDuringPeriodFairValue
0
CY2024Q1 us-gaap Banking Regulation Capital Conservation Buffer Common Equity Tier One Risk Based Capital Actual
BankingRegulationCapitalConservationBufferCommonEquityTierOneRiskBasedCapitalActual
0.025
CY2024Q1 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
230118000
CY2024Q1 vbfc Percentage Of Noninterest Bearing Demand To Deposits
PercentageOfNoninterestBearingDemandToDeposits
0.371
CY2023Q4 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
247624000
CY2023Q4 vbfc Percentage Of Noninterest Bearing Demand To Deposits
PercentageOfNoninterestBearingDemandToDeposits
0.409
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
78739000
CY2024Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.127
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
76289000
CY2023Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.126
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
207640000
CY2024Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.335
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
195249000
CY2023Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.323
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
35238000
CY2024Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.057
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
39633000
CY2023Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.065
CY2024Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Time Deposits
PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits
0.050
CY2023Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Time Deposits
PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits
0.015
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Other Time Deposit
InterestBearingDomesticDepositOtherTimeDeposit
37179000
CY2024Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Other Time Deposit
PercentageOfInterestBearingDomesticDepositsToDepositsOtherTimeDeposit
0.060
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Other Time Deposit
InterestBearingDomesticDepositOtherTimeDeposit
37405000
CY2023Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Other Time Deposit
PercentageOfInterestBearingDomesticDepositsToDepositsOtherTimeDeposit
0.062
CY2024Q1 us-gaap Deposits
Deposits
620269000
CY2024Q1 vbfc Percentage Of Domestic Deposits Liability Total
PercentageOfDomesticDepositsLiabilityTotal
1.000
CY2023Q4 us-gaap Deposits
Deposits
605345000
CY2023Q4 vbfc Percentage Of Domestic Deposits Liability Total
PercentageOfDomesticDepositsLiabilityTotal
1.000
CY2024Q1 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
2414000
CY2023Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
2644000
CY2024Q1 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
40000000
CY2023Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
45000000
CY2024Q1 us-gaap Other Borrowings
OtherBorrowings
0
CY2023Q4 us-gaap Other Borrowings
OtherBorrowings
0
CY2024Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
26100000
CY2024Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2024Q1 us-gaap Banking Regulation Capital Conservation Buffer Tier One Risk Based Capital Actual
BankingRegulationCapitalConservationBufferTierOneRiskBasedCapitalActual
0.025
CY2024Q1 vbfc Variable Interest Rate Replacement Spread Adjustment
VariableInterestRateReplacementSpreadAdjustment
0.0026161
CY2024Q1 vbfc Variable Interest Rate Replacement Spread Adjustment
VariableInterestRateReplacementSpreadAdjustment
0.0026161
CY2024Q1 vbfc Percentage Of Tier One Risk Based Capital Required For Capital Adequacy
PercentageOfTierOneRiskBasedCapitalRequiredForCapitalAdequacy
0.25
CY2018Q1 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
5539000
CY2024Q1 vbfc Variable Interest Rate Replacement Spread Adjustment
VariableInterestRateReplacementSpreadAdjustment
0.0026161
CY2024Q1 us-gaap Subordinated Debt
SubordinatedDebt
5700000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2023Q4 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingFairValue
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
14
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.63
CY2022Q4 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingFairValue
9.76
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2024Q1 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedFairValue
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2024Q1 vbfc Variable Interest Rate Replacement Spread Adjustment
VariableInterestRateReplacementSpreadAdjustment
0.0026161
CY2024Q1 vbfc Variable Interest Rate Replacement Spread Adjustment
VariableInterestRateReplacementSpreadAdjustment
0.0026161
CY2024Q1 vbfc Percentage Of Tier One Risk Based Capital Required For Capital Adequacy
PercentageOfTierOneRiskBasedCapitalRequiredForCapitalAdequacy
0.25
CY2018Q1 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
5539000
CY2024Q1 vbfc Variable Interest Rate Replacement Spread Adjustment
VariableInterestRateReplacementSpreadAdjustment
0.0026161
CY2024Q1 us-gaap Subordinated Debt
SubordinatedDebt
5700000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2023Q4 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingFairValue
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
14
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.63
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2024Q1 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedFairValue
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2023Q1 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedFairValue
0
CY2023Q1 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Exercised During Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedDuringPeriodFairValue
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2024Q1 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingFairValue
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
14
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.28
CY2023Q1 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingFairValue
9.76
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
14
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
81000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
102000
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2024Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9335000
CY2024Q1 vbfc Mortgage Banking Income Noninterest Income
MortgageBankingIncomeNoninterestIncome
850000
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
754000
CY2024Q1 us-gaap Revenues
Revenues
10939000
CY2024Q1 vbfc Provision Recovery Of Loan Losses
ProvisionRecoveryOfLoanLosses
150000
CY2024Q1 us-gaap Interest Expense
InterestExpense
2939000
CY2024Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3464000
CY2024Q1 us-gaap Other Expenses
OtherExpenses
2165000
CY2024Q1 us-gaap Operating Expenses
OperatingExpenses
8718000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2221000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
449000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1772000
CY2024Q1 us-gaap Assets
Assets
746872000
CY2023Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7583000
CY2023Q1 vbfc Mortgage Banking Income Noninterest Income
MortgageBankingIncomeNoninterestIncome
478000
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
821000
CY2023Q1 us-gaap Revenues
Revenues
8882000
CY2023Q1 us-gaap Interest Expense
InterestExpense
1218000
CY2023Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3448000
CY2023Q1 us-gaap Other Expenses
OtherExpenses
2351000
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
7017000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1865000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
325000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1540000
CY2023Q1 us-gaap Assets
Assets
734797000
CY2023Q1 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Exercised During Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedDuringPeriodFairValue
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2024Q1 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingFairValue
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
14
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.28
CY2023Q1 vbfc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingFairValue
9.76
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
14
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
81000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
102000
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2024Q1 vbfc Mortgage Banking Income Noninterest Income
MortgageBankingIncomeNoninterestIncome
850000
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
754000
CY2024Q1 us-gaap Revenues
Revenues
10939000
CY2024Q1 vbfc Provision Recovery Of Loan Losses
ProvisionRecoveryOfLoanLosses
150000
CY2024Q1 us-gaap Interest Expense
InterestExpense
2939000
CY2024Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3464000
CY2024Q1 us-gaap Other Expenses
OtherExpenses
2165000
CY2024Q1 us-gaap Operating Expenses
OperatingExpenses
8718000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2221000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
449000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1772000
CY2024Q1 us-gaap Assets
Assets
746872000
CY2023Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7583000
CY2023Q1 vbfc Mortgage Banking Income Noninterest Income
MortgageBankingIncomeNoninterestIncome
478000
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
821000
CY2023Q1 us-gaap Revenues
Revenues
8882000
CY2023Q1 us-gaap Interest Expense
InterestExpense
1218000
CY2023Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3448000
CY2023Q1 us-gaap Other Expenses
OtherExpenses
2351000
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
7017000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1865000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
325000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1540000
CY2023Q1 us-gaap Assets
Assets
734797000
CY2024Q1 us-gaap Banking Regulation Capital Conservation Buffer Common Equity Tier One Risk Based Capital Actual
BankingRegulationCapitalConservationBufferCommonEquityTierOneRiskBasedCapitalActual
0.025
CY2024Q1 us-gaap Banking Regulation Capital Conservation Buffer Tier One Risk Based Capital Actual
BankingRegulationCapitalConservationBufferTierOneRiskBasedCapitalActual
0.025
CY2024Q1 us-gaap Banking Regulation Capital Conservation Buffer Total Risk Based Capital Actual
BankingRegulationCapitalConservationBufferTotalRiskBasedCapitalActual
0.025
CY2024Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.04
CY2024Q1 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Well Capitalized Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioWellCapitalizedMinimum
0.065
CY2024Q1 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.080
CY2024Q1 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.100
CY2024Q1 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.050
CY2024Q1 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Capital Adequacy Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioCapitalAdequacyMinimum
0.045
CY2024Q1 us-gaap Banking Regulation Capital Conservation Buffer Common Equity Tier One Risk Based Capital Actual
BankingRegulationCapitalConservationBufferCommonEquityTierOneRiskBasedCapitalActual
0.025
CY2024Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.060
CY2024Q1 us-gaap Banking Regulation Capital Conservation Buffer Tier One Risk Based Capital Actual
BankingRegulationCapitalConservationBufferTierOneRiskBasedCapitalActual
0.025
CY2024Q1 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.080
CY2024Q1 us-gaap Banking Regulation Capital Conservation Buffer Total Risk Based Capital Actual
BankingRegulationCapitalConservationBufferTotalRiskBasedCapitalActual
0.025
CY2024Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.040
CY2024Q1 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
149774000
CY2023Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
136583000
CY2024Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
7000000.0
CY2024Q1 vbfc Loans Held For Sale Unpaid Principal Balance
LoansHeldForSaleUnpaidPrincipalBalance
6900000
CY2023Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
5000000.0
CY2023Q4 vbfc Loans Held For Sale Unpaid Principal Balance
LoansHeldForSaleUnpaidPrincipalBalance
4800000
CY2024Q1 us-gaap Banking Regulation Capital Conservation Buffer Total Risk Based Capital Actual
BankingRegulationCapitalConservationBufferTotalRiskBasedCapitalActual
0.025
CY2024Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.04
CY2024Q1 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Well Capitalized Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioWellCapitalizedMinimum
0.065
CY2024Q1 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.080
CY2024Q1 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.100
CY2024Q1 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.050
CY2024Q1 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Capital Adequacy Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioCapitalAdequacyMinimum
0.045
CY2024Q1 us-gaap Banking Regulation Capital Conservation Buffer Common Equity Tier One Risk Based Capital Actual
BankingRegulationCapitalConservationBufferCommonEquityTierOneRiskBasedCapitalActual
0.025
CY2024Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.060
CY2024Q1 us-gaap Banking Regulation Capital Conservation Buffer Tier One Risk Based Capital Actual
BankingRegulationCapitalConservationBufferTierOneRiskBasedCapitalActual
0.025
CY2024Q1 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.080
CY2024Q1 us-gaap Banking Regulation Capital Conservation Buffer Total Risk Based Capital Actual
BankingRegulationCapitalConservationBufferTotalRiskBasedCapitalActual
0.025
CY2024Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.040
CY2024Q1 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
149774000
CY2023Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
136583000
CY2024Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
7000000.0
CY2024Q1 vbfc Loans Held For Sale Unpaid Principal Balance
LoansHeldForSaleUnpaidPrincipalBalance
6900000
CY2023Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
5000000.0
CY2023Q4 vbfc Loans Held For Sale Unpaid Principal Balance
LoansHeldForSaleUnpaidPrincipalBalance
4800000

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