Village Bank in Midlothian, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Village Bank - Overview

  • General
  • FDIC Certificate #: 35111
    Status: Active
    Federal Reserve ID: 2760232
    Bank Holding Company (Regulatory Top Holder): Village Bank And Trust Financial Corp. (RSSDID: 3251027, Location: Midlothian, VA)
    Date Established: December 13, 1999
    WWW: http://www.villagebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Domestic: 15, Interstate: No)
    FDIC's unique #: 74900
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 13, 1999
    Last Structure Change Effective Date: October 14, 2008
    Last Structure Change Process Date: November 26, 2008
    Last Data Update: November 26, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 13531 Midlothian Turnpike, Midlothian, VA 23113
    County: Chesterfield
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Richmond-Petersburg, VA (#6760)
    Core Based Statistical Area (CBSA): Richmond, VA (#40060)
    CBSA Metro Statistical Area: Richmond, VA (#40060)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $580.7 mil
    Equity capital: $46.5 mil
    Deposits held in domestic offices: $487.7 mil
    Return on assets (ROA): -0.74% (-$4.3 mil)
    Quarterly return on assets: 0.21% ($1.2 mil)
    Return on Equity (ROE): -8.95% (-$4.1 mil)
    Quarterly return on equity: 2.60% ($1.2 mil)
    Net income: -$4.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: -1.10% (-$6,388.1 mil)
    Quarterly Pretax return on assets: 0.31% ($1,800.3 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 203Total employees (full-time equivalent)
  • $580,734Total assets
  • $55,558Cash and due from depository institutions
  • $44,500Interest-bearing balances
  • $30,163Securities
  • $7,228Federal funds sold & reverse repurchase agreements
  • $433,242Net loans & leases
  • $10,797Loan loss allowance
  • $0Trading account assets
  • $24,829Bank premises and fixed assets
  • $9,177Other real estate owned
  • $0Goodwill and other intangibles
  • $580,734Life insurance assets
  • $20,537All other assets
  • $534,281Total liabilities and capital
  • $487,702Total liabilities
  • $421,167Total deposits
  • $487,702Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 5723.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $37,750Trading liabilities
  • $0Other borrowed funds
  • $3,106Subordinated debt
  • $46,453All other liabilities
  • $46,453Total equity capital
  • $46,453Total bank equity capital
  • $0Perpetual preferred stock
  • $6,849Common stock
  • $53,899Surplus
  • $-14,295Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $16,168Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $49,269Income earned, not collected on loans
  • $0Earning assets
  • $2,047Long-term assets (5+ years)
  • $515,133Average Assets, year-to-date
  • $181,816Average Assets, quarterly
  • $595,916Volatile liabilities
  • $590,331Insider loans
  • $436,277FHLB advances
  • $605,095Loans and leases held for sale
  • $6,065Unused loan commitments
  • $5,759Tier 1 (core) risk-based capital
  • $46,460Tier 2 risk-based capital
  • $306Total risk weighted assets
  • $0Total unused commitments
  • $40,661Restructured Loans and leases
  • $9,468Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,016Total interest income
  • $8,013Total interest expense
  • $20,003Net interest income
  • $13,490Provision for loan and lease losses
  • $9,324Total noninterest income
  • $0Fiduciary activities
  • $620Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,704Additional noninterest income
  • $23,619Total noninterest expense
  • $12,625Salaries and employee benefits
  • $2,983Premises and equipment expense
  • $8,011Additional noninterest expense
  • -$7,782Pre-tax net operating income
  • $1,217Securities gains (losses)
  • -$2,168Applicable income taxes
  • -$4,397Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,397Net income attributable to bank
  • $0Net charge-offs
  • -$4,397Cash dividends
  • $10,005Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 3.78%Net interest margin
  • 1.76%Noninterest income to earning assets
  • 4.46%Noninterest expense to earning assets
  • -0.87%Net operating income to assets
  • -0.74%Return on assets (ROA)
  • -1.10%Pretax return on assets
  • -8.95%Return on equity (ROE)
  • -8.95%Retained earnings to average equity (YTD only)
  • 2.20%Net charge-offs to loans
  • 134.83%Credit loss provision to net charge-offs
  • 0.57%Efficiency ratio
  • 80,537Assets per employee
  • 2.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.43%Loss allowance to noncurrent loans
  • 21.91%Noncurrent assets plus other real estate owned to assets
  • 10.06%Noncurrent loans to loans
  • 11.10%Net loans and leases to deposits
  • 88.83%Net loans and leases to core deposits
  • 93.84%Equity capital to assets
  • 8.00%Core capital (leverage) ratio
  • 7.68%Tier 1 risk-based capital ratio
  • 10.65%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $595,916Average earning assets
  • $49,133Average equity
  • $529,449Average loans

List of branches

  • 14 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074900Village Bank13531 Midlothian Turnpike, Midlothian, VA 23113December 13, 1999Full Service Brick and Mortar
    1419325Chester Branch1440 West Hundred Road, Chester, VA 23831June 09, 2003Full Service Brick and Mortar
    2420183Winterpock Branch6736 Southshore Drive, Midlothian, VA 23112June 30, 2003Full Service Brick and Mortar
    3437924Brandermill Branch13521 Waterford Place, Midlothian, VA 23112November 01, 2004Full Service Brick and Mortar
    5445471Chesterfield Meadows Shopping Center6551 Centralia Road, Chesterfield, VA 23832October 19, 2005Full Service Brick and Mortar
    6448972Robious Branch11450 Robious Road, Richmond, VA 23235March 06, 2006Full Service Brick and Mortar
    7452617Willow Lawn Branch1650 Willow Lawn Drive, Richmond, VA 23230June 30, 2006Full Service Brick and Mortar
    8457594South Creek Branch1793 South Creek One, Powhatan, VA 23139December 18, 2006Full Service Brick and Mortar
    9464970Chesterfield Towne Center Branch1120 Huguenot Road, Midlothian, VA 23113June 04, 2007Full Service Brick and Mortar
    10481908Mechanicsville Branch8051 Mechanicsville Turnpike, Mechanicsville, VA 23111October 14, 2008Full Service Brick and Mortar
    13482166Forest Park Branch1501 Santa Rosa Road, Richmond, VA 23229August 13, 2007Full Service Brick and Mortar
    14423302Pebble Creek Branch6127 Mechanicsville Turnpike, Mechanicsville, VA 23111July 01, 2004Full Service Brick and Mortar
    15489377Sliding Hill Branch10035 Sliding Hill Road, Ashland, VA 23005November 17, 2008Full Service Brick and Mortar
    16500342Watkins Centre Branch15521 Midlothian Turnpike, Midlothian, VA 23113October 01, 2008Full Service Brick and Mortar

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