$VWFB
VWF Bancorp, Inc.

2024 Q1 Form 10-Q Financial Statement

#000155837024001151 Filed on February 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $3.315M $2.841M
YoY Change 154.04% 134.65%
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
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.930M $1.556M
YoY Change 1101.92% 1730.23%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$790.7K -$386.7K
YoY Change -1013.25% -38.56%
Income Tax -$172.1K -$87.42K
% Of Pretax Income
Net Earnings -$618.6K -$299.3K
YoY Change -787.19% -39.27%
Net Earnings / Revenue -18.66% -10.53%
Basic Earnings Per Share -$0.35 -$0.17
Diluted Earnings Per Share -$0.35 -$0.17
COMMON SHARES
Basic Shares Outstanding 1.923M 1.923M
Diluted Shares Outstanding 1.767M 1.777M

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $20.54M $6.177M
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 $2.002M $1.752M
YoY Change 42.87% 27.92%
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 $271.3M $244.2M
YoY Change 69.76% 66.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $234.2M $206.3M
YoY Change 94.57% 91.1%
SHAREHOLDERS EQUITY
Retained Earnings $23.51M $24.13M
YoY Change -6.77% -3.97%
Common Stock $19.23K $19.23K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.04M $37.88M
YoY Change
Total Liabilities & Shareholders Equity $271.3M $244.2M
YoY Change 69.76% 66.3%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$618.6K -$299.3K
YoY Change -787.19% -39.27%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1776782
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1769090
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1776782
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1644100
dei Entity Central Index Key
EntityCentralIndexKey
0001913838
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1776782
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1769090
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1776782
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1644100
dei Entity Current Reporting Status
EntityCurrentReportingStatus
No
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2023Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
vwfb Banking Regulation Tier1 Leverage Capital Ratio Grace Period
BankingRegulationTier1LeverageCapitalRatioGracePeriod
P6M
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y1M2D
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-12-31
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-56459
dei Entity Registrant Name
EntityRegistrantName
VWF Bancorp, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
88-1256373
dei Entity Address Address Line1
EntityAddressAddressLine1
976 South Shannon Street
dei Entity Address City Or Town
EntityAddressCityOrTown
Van Wert
dei Entity Address State Or Province
EntityAddressStateOrProvince
OH
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
45891
dei City Area Code
CityAreaCode
419
dei Local Phone Number
LocalPhoneNumber
238-9662
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1922924
CY2023Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
6177073
CY2023Q2 us-gaap Cash And Due From Banks
CashAndDueFromBanks
5515728
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
126142985
CY2023Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
70585194
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
529472
CY2023Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
263422
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
99650822
CY2023Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
81208395
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1751537
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1409347
CY2023Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
1512800
CY2023Q2 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
396800
CY2023Q4 us-gaap Federal Reserve Bank Stock
FederalReserveBankStock
536000
CY2023Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
5284676
CY2023Q2 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
5223496
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
816591
CY2023Q2 us-gaap Interest Receivable
InterestReceivable
498807
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
736457
CY2023Q4 us-gaap Other Assets
OtherAssets
1613709
CY2023Q2 us-gaap Other Assets
OtherAssets
1131536
CY2023Q4 us-gaap Assets
Assets
244222650
CY2023Q2 us-gaap Assets
Assets
165969303
CY2023Q4 us-gaap Demand Deposit Accounts
DemandDepositAccounts
25778331
CY2023Q2 us-gaap Demand Deposit Accounts
DemandDepositAccounts
26551336
CY2023Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
40801595
CY2023Q2 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
42019749
CY2023Q4 us-gaap Time Deposits
TimeDeposits
96285913
CY2023Q2 us-gaap Time Deposits
TimeDeposits
51420496
CY2023Q4 us-gaap Deposits
Deposits
162865839
CY2023Q2 us-gaap Deposits
Deposits
119991581
CY2023Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
16000000
CY2023Q2 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
6200000
CY2023Q4 vwfb Advances From Federal Reserve Bank
AdvancesFromFederalReserveBank
24500000
CY2023Q4 us-gaap Advance Payments By Borrowers For Taxes And Insurance
AdvancePaymentsByBorrowersForTaxesAndInsurance
757943
CY2023Q2 us-gaap Advance Payments By Borrowers For Taxes And Insurance
AdvancePaymentsByBorrowersForTaxesAndInsurance
628795
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
760215
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1461513
CY2023Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
650927
CY2023Q4 us-gaap Liabilities
Liabilities
206345510
CY2023Q2 us-gaap Liabilities
Liabilities
127471303
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1032686
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1032686
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
14000000
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
14000000
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1922924
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
19229
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
19229
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
17911996
CY2023Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
17875071
CY2023Q4 vwfb Employee Stock Ownership Plan Shares Acquired
EmployeeStockOwnershipPlanSharesAcquired
-1384505
CY2023Q2 vwfb Employee Stock Ownership Plan Shares Acquired
EmployeeStockOwnershipPlanSharesAcquired
-1461422
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
24125134
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
24916481
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2794714
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2851359
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
37877140
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
38498000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
244222650
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
165969303
CY2023Q4 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
1147108
CY2022Q4 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
724909
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
2036782
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
1411986
CY2023Q4 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1560823
CY2022Q4 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
316481
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
2606594
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
510698
CY2023Q4 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
133325
CY2022Q4 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
169478
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
278625
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
309356
CY2023Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
2841256
CY2022Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
1210868
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
4922001
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
2232040
CY2023Q4 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1019634
CY2022Q4 us-gaap Interest Expense Deposits
InterestExpenseDeposits
84968
us-gaap Interest Expense Deposits
InterestExpenseDeposits
1722967
us-gaap Interest Expense Deposits
InterestExpenseDeposits
156181
CY2023Q4 vwfb Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvances
535879
CY2022Q4 vwfb Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvances
22
vwfb Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvances
828860
vwfb Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvances
22
CY2023Q4 us-gaap Interest Expense
InterestExpense
1555513
CY2022Q4 us-gaap Interest Expense
InterestExpense
84990
us-gaap Interest Expense
InterestExpense
2551827
us-gaap Interest Expense
InterestExpense
156203
CY2023Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1285743
CY2022Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1125878
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2370174
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2075837
CY2023Q4 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
90233
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
219255
CY2023Q4 vwfb Provision For Credit Losses Off Balance Sheet Credit Exposure
ProvisionForCreditLossesOffBalanceSheetCreditExposure
3432
vwfb Provision For Credit Losses Off Balance Sheet Credit Exposure
ProvisionForCreditLossesOffBalanceSheetCreditExposure
3075
CY2023Q4 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
93665
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
222330
CY2023Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
1192078
CY2022Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
1125878
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
2147844
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
2075837
CY2023Q4 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
31150
CY2022Q4 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
27432
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
61180
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
54857
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
2866
CY2023Q4 us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
8500
us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
8500
CY2023Q4 us-gaap Noninterest Income Other
NoninterestIncomeOther
23195
CY2022Q4 us-gaap Noninterest Income Other
NoninterestIncomeOther
24241
us-gaap Noninterest Income Other
NoninterestIncomeOther
34631
us-gaap Noninterest Income Other
NoninterestIncomeOther
50991
CY2023Q4 us-gaap Noninterest Income
NoninterestIncome
62845
CY2022Q4 us-gaap Noninterest Income
NoninterestIncome
51673
us-gaap Noninterest Income
NoninterestIncome
107177
us-gaap Noninterest Income
NoninterestIncome
105848
CY2023Q4 us-gaap Labor And Related Expense
LaborAndRelatedExpense
785351
CY2022Q4 us-gaap Labor And Related Expense
LaborAndRelatedExpense
406872
us-gaap Labor And Related Expense
LaborAndRelatedExpense
1500132
us-gaap Labor And Related Expense
LaborAndRelatedExpense
792389
CY2022Q4 vwfb Pension Plan Withdrawal
PensionPlanWithdrawal
930000
vwfb Pension Plan Withdrawal
PensionPlanWithdrawal
930000
CY2023Q4 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
46250
CY2022Q4 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
35000
us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
91950
us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
70000
CY2023Q4 us-gaap Occupancy Net
OccupancyNet
100484
CY2022Q4 us-gaap Occupancy Net
OccupancyNet
56301
us-gaap Occupancy Net
OccupancyNet
250858
us-gaap Occupancy Net
OccupancyNet
113349
CY2023Q4 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
147236
CY2022Q4 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
62754
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
231505
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
125086
CY2023Q4 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
41196
CY2022Q4 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
38825
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
82391
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
77650
CY2023Q4 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
21851
CY2022Q4 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
9000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
40889
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
18900
CY2023Q4 us-gaap Professional Fees
ProfessionalFees
219516
CY2022Q4 us-gaap Professional Fees
ProfessionalFees
180747
us-gaap Professional Fees
ProfessionalFees
415462
us-gaap Professional Fees
ProfessionalFees
336443
us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
-1951
vwfb Gain Loss On Sale Of Foreclosed Property
GainLossOnSaleOfForeclosedProperty
-2436
CY2023Q4 us-gaap Other Noninterest Expense
OtherNoninterestExpense
279777
CY2022Q4 us-gaap Other Noninterest Expense
OtherNoninterestExpense
87494
us-gaap Other Noninterest Expense
OtherNoninterestExpense
586730
us-gaap Other Noninterest Expense
OtherNoninterestExpense
166062
CY2023Q4 us-gaap Noninterest Expense
NoninterestExpense
1641661
CY2022Q4 us-gaap Noninterest Expense
NoninterestExpense
1806993
us-gaap Noninterest Expense
NoninterestExpense
3204304
us-gaap Noninterest Expense
NoninterestExpense
2629879
CY2023Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-386738
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-629442
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-949283
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-448194
CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-87416
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-136596
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-211102
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-110125
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-299322
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-492846
us-gaap Net Income Loss
NetIncomeLoss
-738181
us-gaap Net Income Loss
NetIncomeLoss
-338069
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1776782
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1769090
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1776782
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1644100
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-299322
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-492846
us-gaap Net Income Loss
NetIncomeLoss
-738181
us-gaap Net Income Loss
NetIncomeLoss
-338069
CY2023Q4 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
681859
CY2022Q4 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
361406
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
71701
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
-733038
CY2023Q4 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
143190
CY2022Q4 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
75895
us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
15056
us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-153938
CY2023Q4 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
538669
CY2022Q4 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
285511
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
56645
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-579100
CY2023Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
239347
CY2022Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-207335
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-681536
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-917169
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
38983759
CY2022Q4 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
106391
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-492846
CY2022Q4 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
285511
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
38882815
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
37523951
CY2023Q4 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
113842
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-299322
CY2023Q4 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
538669
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
37877140
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
23367106
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
16326487
us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
106391
us-gaap Net Income Loss
NetIncomeLoss
-338069
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-579100
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
38882815
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
38498000
us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
113842
us-gaap Net Income Loss
NetIncomeLoss
-738181
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
56645
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
37877140
us-gaap Profit Loss
ProfitLoss
-738181
us-gaap Profit Loss
ProfitLoss
-338069
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
57219
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
30374
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-145195
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
31185
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
123066
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
9122
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
222330
us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
-1951
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-2436
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
2866
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
61180
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
54857
us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
57688
us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
106391
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
317784
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
120336
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
9922
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
55982
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1719588
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-846576
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1383398
us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
735000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
86183713
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
17356660
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
2989042
vwfb Proceeds From Maturities Prepayment And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentAndCallsOfAvailableForSaleSecurities
27851825
vwfb Proceeds From Maturities Prepayment And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentAndCallsOfAvailableForSaleSecurities
1669143
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
27303
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-18785791
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-2172036
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
310151
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27958
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
1315900
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
199900
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
344200
us-gaap Payments To Acquire Federal Reserve Stock
PaymentsToAcquireFederalReserveStock
268000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-75795485
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16808311
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
42874258
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-3883730
vwfb Proceeds From Advance From Federal Home Loan Bank
ProceedsFromAdvanceFromFederalHomeLoanBank
50000000
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
40200000
vwfb Proceeds From Federal Reserve Bank Borrowings
ProceedsFromFederalReserveBankBorrowings
24500000
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
129148
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
152111
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1011257
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
77303406
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2720362
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
661345
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18145275
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5515728
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36711842
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6177073
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18566567
us-gaap Interest Paid Net
InterestPaidNet
2302732
us-gaap Interest Paid Net
InterestPaidNet
156174
us-gaap Stock Issued1
StockIssued1
15315230
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
750293
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
70943
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 18pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 18pt;">Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, valuation of deferred tax assets and fair values of financial instruments.</p>
us-gaap Debt And Equity Securities Gain Loss Excluding Other Than Temporary Impairment Loss
DebtAndEquitySecuritiesGainLossExcludingOtherThanTemporaryImpairmentLoss
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-299322
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-492846
us-gaap Net Income Loss
NetIncomeLoss
-738181
us-gaap Net Income Loss
NetIncomeLoss
-338069
CY2023Q4 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
1922924
CY2022Q4 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
1922924
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
1922924
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
1787065
CY2023Q4 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
146142
CY2022Q4 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
153834
us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
146142
us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
142965
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1776782
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1769090
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1776782
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1644100
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
129762932
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
64985
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3684932
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
126142985
CY2023Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
74276842
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
14624
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3706272
CY2023Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
70585194
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1000000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
975910
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
9691031
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
9131533
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
1925718
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
1704293
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
1688367
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
1408517
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
14305116
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
13220253
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
115457816
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
112922732
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
129762932
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
126142985
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2022Q4 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2023Q4 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
2989000
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
2000
CY2023Q4 vwfb Investments In Debt Securities Reported Less Than Historical Cost Fair Value
InvestmentsInDebtSecuritiesReportedLessThanHistoricalCostFairValue
103564982
CY2023Q2 vwfb Investments In Debt Securities Reported Less Than Historical Cost Fair Value
InvestmentsInDebtSecuritiesReportedLessThanHistoricalCostFairValue
61878925
vwfb Investments In Debt Securities Reported Less Than Historical Cost Percentage
InvestmentsInDebtSecuritiesReportedLessThanHistoricalCostPercentage
0.82
CY2023 vwfb Investments In Debt Securities Reported Less Than Historical Cost Percentage
InvestmentsInDebtSecuritiesReportedLessThanHistoricalCostPercentage
0.88
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
78354985
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
836294
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
25209997
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2848638
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
103564982
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
3684932
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
41605352
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
688090
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
20273573
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
3018182
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
61878925
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
3706272
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee And Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAndLoanInProcess
101224575
CY2023Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
89722491
CY2023Q4 us-gaap Financing Receivable Loan In Process
FinancingReceivableLoanInProcess
925616
CY2023Q2 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
8202918
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-118665
CY2023Q2 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-47756
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Current
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestCurrent
529472
CY2023Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
263422
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
99650822
CY2023Q2 us-gaap Notes Receivable Net
NotesReceivableNet
81208395
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
439239
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
90233
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
529472
CY2022Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
222884
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
222884
CY2023Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
263422
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
219255
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
529472
CY2022Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
222884
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
222884
vwfb Financing Receivable Excluding Accrued Interest Allowance For Credit Losses Individually Evaluated For Impairment
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossesIndividuallyEvaluatedForImpairment
12372
vwfb Financing Receivable Excluding Accrued Interest Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
517100
CY2023Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
529306
CY2023Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
99769653
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
7
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
263422
CY2023Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
304096
CY2023Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
89418395
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
101224575
CY2023Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
89722491
CY2023Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
304096
CY2023Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
7
CY2023 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
309727
CY2023 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
11342
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual No Allowance
FinancingReceivableExcludingAccruedInterestNonaccrualNoAllowance
507269
CY2023Q4 vwfb Financing Receivable Excluding Accrued Interest Nonaccrual With Related Allowance
FinancingReceivableExcludingAccruedInterestNonaccrualWithRelatedAllowance
22037
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
529306
CY2023Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
304096
us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
0
CY2022Q4 us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
0
us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
0
CY2023Q4 us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
0
vwfb Financing Receivable Modified In Period Number Of Contracts
FinancingReceivableModifiedInPeriodNumberOfContracts
0
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2023Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
1
CY2023Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.1539
CY2023Q2 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.2269
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
0
CY2023Q4 us-gaap Contractual Obligation
ContractualObligation
14469220
CY2023Q2 us-gaap Contractual Obligation
ContractualObligation
11022000
CY2023Q4 vwfb Number Of Renewal Options
NumberOfRenewalOptions
2
CY2023Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
us-gaap Operating Lease Cost
OperatingLeaseCost
23758
us-gaap Short Term Lease Cost
ShortTermLeaseCost
35822
us-gaap Lease Cost
LeaseCost
59580
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
750293
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.053
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
41472
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
89076
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
91303
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
93586
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
95925
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
581044
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
992406
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
232191
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
760215
CY2023Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
34000
CY2023Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
16000000
CY2023Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Due Date
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresDueDate
2024
CY2023Q4 vwfb Advances From Federal Reserve Bank
AdvancesFromFederalReserveBank
24500000
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 vwfb Rule10b51 Arr Modified Flag
Rule10b51ArrModifiedFlag
false
CY2023Q4 vwfb Non Rule10b51 Arr Modified Flag
NonRule10b51ArrModifiedFlag
false

Files In Submission

Name View Source Status
0001558370-24-001151-index-headers.html Edgar Link pending
0001558370-24-001151-index.html Edgar Link pending
0001558370-24-001151.txt Edgar Link pending
0001558370-24-001151-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vwfb-20231231.xsd Edgar Link pending
vwfb-20231231x10q.htm Edgar Link pending
vwfb-20231231xex31d1.htm Edgar Link pending
vwfb-20231231xex31d2.htm Edgar Link pending
vwfb-20231231xex32.htm Edgar Link pending
vwfb-20231231_def.xml Edgar Link unprocessable
vwfb-20231231_lab.xml Edgar Link unprocessable
vwfb-20231231_pre.xml Edgar Link unprocessable
vwfb-20231231x10q_htm.xml Edgar Link completed
vwfb-20231231_cal.xml Edgar Link unprocessable