Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 13319 Midlothian Turnpike MIDLOTHIAN VA 23113 |
Tel: | 1-804-8973900 |
Website: | https://www.investors.villagebank.com/corporate-profile/default.aspx |
IR: | See website |
Key People | ||
James E. Hendricks President, Chief Executive Officer, Director | Donald M. Kaloski Chief Financial Officer, Executive Vice President, Chief Risk Officer of the Bank | James Clifton Winn President, Chief Executive Officer of Village Bank Mortgage Corporation |
Roy I. Barzel Executive Vice President, Chief Credit Officer of the Bank | Jennifer J. Church Executive Vice President - Retail Banking of the Bank | Max C. Morehead Executive Vice President - Commercial Banking of the Bank | Christy F. Quesenbery Executive Vice President - Operations of the Bank |
Business Overview |
Village Bank and Trust Financial Corp. is a bank holding company whose activities consist of investment in its wholly owned subsidiary, Village Bank (the Bank). The Bank is a full-service chartered community bank. The Bank has nine branch offices. The Bank offers a range of banking and related financial services, including checking, savings, certificates of deposit and other depository services, and commercial, real estate and consumer loans, primarily in the Richmond, Virginia and Williamsburg, Virginia metropolitan areas. The Company has two segments: traditional commercial banking and mortgage banking. The traditional commercial banking segment provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges the mortgage banking segment interest based on the commercial banking segment's cost of funds. The mortgage banking segment leases premises from the commercial banking segment. |
Financial Overview |
For the three months ended 31 March 2024, Village Bank and Trust Financial Corp. interest income increased 23% to $9.3M. Net interest income after loan loss provision decreased 2% to $6.2M. Net income increased 15% to $1.8M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. Dividend per share increased from $0.16 to $0.18. |
Employees: | 141 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $35.03M as of Mar 31, 2024 |
EBITDA (TTM): | $2.86M as of Mar 31, 2024 |
Net annual income (TTM): | $2.15M as of Mar 31, 2024 |
Free cash flow (TTM): | N/A |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 1,495,251 as of Mar 28, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |