Village Bank and Trust Financial Corp. (VBFC)

VBFC Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	34.89	29.49	24.78	26.56	24.78	22.05
Interest Income on Investments	3.78	3.78	2.71	1.11	1.04	1.44
Total Interest Income	38.67	33.27	27.49	27.67	25.83	23.49
Interest Paid on Deposits	9.22	5.3	1.08	1.58	3.1	3.85
Interest Paid on Borrowings	2.69	2.69	0.7	0.6	1.34	1.48
Total Interest Expense	11.91	7.99	1.78	2.17	4.43	5.33
Net Interest Income	26.76	25.29	25.71	25.5	21.39	18.16
Net Interest Income Growth (YoY)	4.57%	-1.63%	0.83%	19.17%	17.82%	5.81%
Mortgage Banking Activities	1.69	1.69	3.43	9.52	9.73	5.04
Gain (Loss) on Sale of Assets	-	-	-	-	0	-0.02
Gain (Loss) on Sale of Investments	-4.99	-4.99	-	-	0.01	0.1
Other Non-Interest Income	8.83	3.26	3.1	2.82	2.41	2.48
Total Non-Interest Income	5.54	-0.04	6.6	12.34	12.25	7.89
Non-Interest Income Growth (YoY)	5790.43%	-	-46.51%	0.80%	55.28%	28.54%
Revenues Before Loan Losses	32.3	25.25	32.31	37.84	33.64	26.04
Provision for Loan Losses	0.2	0.05	-0.3	-0.5	0.95	0.14
Revenue	32.1	25.2	32.61	38.34	32.69	25.91
Revenue Growth (YoY)	24.96%	-22.71%	-14.95%	17.28%	26.17%	11.22%
Salaries and Employee Benefits	13.03	13.03	13.39	13.77	12.68	11.83
Federal Deposit Insurance	0.3	0.3	0.24	0.19	0.22	0.16
Selling, General & Administrative	6.82	6.82	6.02	6.21	6.07	6.13
Other Non-Interest Expense	2.96	2.89	2.67	2.3	2.14	2.13
Total Non-Interest Expense	23.11	23.04	22.31	22.47	20.95	20.27
EBT Excluding Unusual Items	8.99	2.17	10.3	15.87	11.74	5.64
Other Unusual Items	-	-	-	-	-0.7	-
Pretax Income	8.99	2.17	10.3	15.87	11.04	5.64
Income Tax Expense	1.77	0.25	1.99	3.42	2.49	1.16
Net Income	7.22	1.92	8.31	12.45	8.55	4.48
Net Income to Common	7.22	1.92	8.31	12.45	8.55	4.48
Net Income Growth	202.47%	-76.91%	-33.31%	45.58%	91.07%	47.42%
Basic Shares Outstanding	1	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1	1
Shares Change (YoY)	-0.50%	0.61%	0.61%	0.62%	0.97%	0.84%
EPS (Basic)	4.89	1.29	5.62	8.48	5.86	3.10
EPS (Diluted)	4.89	1.29	5.62	8.48	5.86	3.10
EPS Growth	204.00%	-77.05%	-33.73%	44.71%	89.14%	51.88%
Dividend Per Share	0.720	0.660	0.580	0.140	-	-
Dividend Growth	12.50%	13.79%	314.29%	-	-	-
Effective Tax Rate	19.66%	11.41%	19.33%	21.55%	22.51%	20.63%

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