Parent corporation only financial statements (Tables)
 12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheet [Table Text Block]
Village Bank and Trust Financial Corp.
(Parent Corporation Only)
Condensed Balance Sheet
(in thousands)
 
 
 
December 31,
 
 
December 31,
 
 
 
2016
 
 
2015
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
Cash and due from banks
 
$
1,770
 
 
$
3,494
 
Investment in subsidiaries
 
 
50,230
 
 
 
38,665
 
Investment in special purpose subsidiary
 
 
264
 
 
 
264
 
Prepaid expenses and other assets
 
 
2,935
 
 
 
45
 
 
 
 
 
 
 
 
 
 
 
 
$
55,199
 
 
$
42,468
 
 
 
 
 
 
 
 
 
 
Liabilities and Shareholders' Equity
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Balance due to nonbank subsidiaries
 
$
8,764
 
 
$
8,764
 
Other liabilities
 
 
2,821
 
 
 
3,345
 
Total liabilities
 
 
11,585
 
 
 
12,109
 
 
 
 
 
 
 
 
 
 
Shareholders' equity
 
 
 
 
 
 
 
 
Preferred stock
 
 
23
 
 
 
23
 
Common stock
 
 
5,629
 
 
 
5,562
 
Additional paid-in capital
 
 
58,643
 
 
 
58,497
 
Warrant surplus
 
 
732
 
 
 
732
 
Accumulated deficit
 
 
(21,172)
 
 
 
(33,948)
 
Stock in directors rabbi trust
 
 
(1,034)
 
 
 
(1,034)
 
Directors deferred fees obligation
 
 
1,034
 
 
 
1,034
 
Accumulated other comprehensive loss
 
 
(241)
 
 
 
(507)
 
Total stockholders' equity
 
 
43,614
 
 
 
30,359
 
 
 
 
 
 
 
 
 
 
 
 
$
55,199
 
 
$
42,468
 
Condensed Income Statement [Table Text Block]
Village Bank and Trust Financial Corp.
(Parent Corporation Only)
Condensed Statements of Operations and Comprehensive Income (Loss)
Years Ended December 31, 2016, 2015 and 2014
(in thousands)
 
 
 
2016
 
 
2015
 
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
 
 
 
 
 
 
 
 
 
 
 
 
Village Bank money market
 
$
8
 
 
$
10
 
 
$
1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
Interest on trust preferred securities
 
 
185
 
 
 
213
 
 
 
215
 
Total interest expense
 
 
185
 
 
 
213
 
 
 
215
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest expense
 
 
(177)
 
 
 
(203)
 
 
 
(214)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Noninterest expense
 
 
 
 
 
 
 
 
 
 
 
 
Write down of assets held for sale
 
 
-
 
 
 
1,759
 
 
 
-
 
Supplies
 
 
48
 
 
 
48
 
 
 
54
 
Professional and outside services
 
 
199
 
 
 
412
 
 
 
53
 
Other
 
 
33
 
 
 
52
 
 
 
52
 
Total noninterest expense
 
 
280
 
 
 
2,271
 
 
 
159
 
Net loss before undistributed income (loss) of subsidiary
 
 
(457)
 
 
 
(2,474)
 
 
 
(373)
 
Undistributed income (loss) of subsidiary
 
 
11,087
 
 
 
3,120
 
 
 
(664)
 
Net income (loss) before income tax expense (benefit)
 
 
10,630
 
 
 
646
 
 
 
(1,037)
 
Income tax expense (benefit)
 
 
(2,883)
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
13,513
 
 
$
646
 
 
$
(1,037)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total comprehensive income
 
$
13,779
 
 
$
860
 
 
$
2,080
 
Condensed Cash Flow Statement [Table Text Block]
Village Bank and Trust Financial Corp.
(Parent Corporation Only)
Condensed Statements of Cash Flows
Years Ended December 31, 2016, 2015 and 2014
(in thousands)
 
 
 
2016
 
 
2015
 
 
2014
 
 
 
 
 
 
 
 
 
 
 
Cash Flows from Operating Activities
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
13,513
 
 
$
646
 
 
$
(1,037)
 
Adjustments to reconcile net income (loss) to net cash used in operating activities Writedown on assets held for sale
 
 
-
 
 
 
1,759
 
 
 
-
 
Undistributed (income) loss of subsidiary
 
 
(11,087)
 
 
 
(3,120)
 
 
 
664
 
(Increase) decrease in other assets
 
 
(2,890)
 
 
 
258
 
 
 
(239)
 
Increase (decrease) in other liabilities
 
 
(1,260)
 
 
 
(19)
 
 
 
247
 
Net cash used in operating activities
 
 
(1,724)
 
 
 
(476)
 
 
 
(365)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash Flows from Investing Activities
 
 
 
 
 
 
 
 
 
 
 
 
Investment in subsidiary
 
 
-
 
 
 
(5,000)
 
 
 
-
 
Net cash used in investing activities
 
 
-
 
 
 
(5,000)
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash Flows from Financing Activities
 
 
 
 
 
 
 
 
 
 
 
 
Proceeds from issuance of common stock
 
 
-
 
 
 
(79)
 
 
 
(11)
 
Net proceeds from sale of common stock, net of expenses of $990
 
 
-
 
 
 
8,965
 
 
 
-
 
Net cash provided by (used in) financing activities
 
 
-
 
 
 
8,886
 
 
 
(11)
 
Net increase (decrease) in cash
 
 
(1,724)
 
 
 
3,410
 
 
 
(376)
 
Cash, beginning of year
 
 
3,494
 
 
 
84
 
 
 
460
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash, end of year
 
$
1,770
 
 
$
3,494
 
 
$
84