Village Bank and Trust Financial Corp. (VBFC)

VBFC Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	39.99	29.49	24.78	26.56	24.78
Interest Income on Investments	-	3.78	2.71	1.11	1.04
Total Interest Income	39.99	33.27	27.49	27.67	25.83
Interest Paid on Deposits	12.59	5.3	1.08	1.58	3.1
Interest Paid on Borrowings	-	2.69	0.7	0.6	1.34
Total Interest Expense	12.59	7.99	1.78	2.17	4.43
Net Interest Income	27.4	25.29	25.71	25.5	21.39
Net Interest Income Growth (YoY)	8.35%	-1.63%	0.83%	19.17%	17.82%
Mortgage Banking Activities	-	1.69	3.43	9.52	9.73
Gain (Loss) on Sale of Assets	-	-	-	-	0
Gain (Loss) on Sale of Investments	-	-4.99	-	-	0.01
Other Non-Interest Income	5.89	3.26	3.1	2.82	2.41
Total Non-Interest Income	5.89	-0.04	6.6	12.34	12.25
Non-Interest Income Growth (YoY)	-	-	-46.51%	0.80%	55.28%
Revenues Before Loan Losses	33.29	25.25	32.31	37.84	33.64
Provision for Loan Losses	0.15	0.05	-0.3	-0.5	0.95
Revenue	33.14	25.2	32.61	38.34	32.69
Revenue Growth (YoY)	31.48%	-22.71%	-14.95%	17.28%	26.17%
Salaries and Employee Benefits	-	13.03	13.39	13.77	12.68
Federal Deposit Insurance	-	0.3	0.24	0.19	0.22
Selling, General & Administrative	-	6.82	6.02	6.21	6.07
Other Non-Interest Expense	24.47	2.89	2.67	2.3	2.14
Total Non-Interest Expense	24.47	23.04	22.31	22.47	20.95
EBT Excluding Unusual Items	8.66	2.17	10.3	15.87	11.74
Other Unusual Items	-	-	-	-	-0.7
Pretax Income	8.66	2.17	10.3	15.87	11.04
Income Tax Expense	1.65	0.25	1.99	3.42	2.49
Net Income	7.02	1.92	8.31	12.45	8.55
Net Income to Common	7.02	1.92	8.31	12.45	8.55
Net Income Growth	265.85%	-76.91%	-33.31%	45.58%	91.07%
Basic Shares Outstanding	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1
Shares Change (YoY)	0.68%	0.61%	0.61%	0.62%	0.97%
EPS (Basic)	4.69	1.29	5.62	8.48	5.86
EPS (Diluted)	4.69	1.29	5.62	8.48	5.86
EPS Growth	263.57%	-77.05%	-33.73%	44.71%	89.14%
Dividend Per Share	0.720	0.660	0.580	0.140	-
Dividend Growth	9.09%	13.79%	314.29%	-	-
Effective Tax Rate	18.99%	11.41%	19.33%	21.55%	22.51%

Source: S&P Capital IQ. Banks template. Financial Sources.