Village Bank & Trust Financial Corp. Files 2024 10-K
| Field | Detail |
|---|---|
| Company | Village Bank & Trust Financial Corp. |
| Form Type | 10-K |
| Filed Date | Mar 26, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, financials, fair-value
TL;DR
VBFC filed its 2024 10-K. Bank's financials look solid, check fair value inputs.
AI Summary
Village Bank & Trust Financial Corp. filed its 2024 10-K on March 26, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly Southern Community Financial Corp., operates as a commercial bank. The filing details financial performance and includes information on fair value measurements and performance shares.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of Village Bank & Trust Financial Corp.'s financial health, operational performance, and risk factors for the fiscal year 2024.
Risk Assessment
Risk Level: low — The filing is a standard annual report for a publicly traded company, indicating routine disclosure rather than immediate, high-impact events.
Key Numbers
- 0.045 — Fair Value Input (Level 3) (Recurring fair value measurements for 2024)
- 0.025 — Fair Value Input (Level 3) (Recurring fair value measurements for 2023)
- 0.07 — Fair Value Input (Level 3) (Recurring fair value measurements for 2024)
Key Players & Entities
- Village Bank & Trust Financial Corp. (company) — Filer of the 10-K
- Southern Community Financial Corp. (company) — Former name of Village Bank & Trust Financial Corp.
- 2024-12-31 (date) — Fiscal year end
- 20250326 (date) — Filing date
- 804-897-3900 (phone_number) — Business phone number
FAQ
What were the key performance metrics for Village Bank & Trust Financial Corp. in 2024?
The filing mentions performance shares with minimum and maximum metrics for the period 2024-01-01 to 2024-12-31, but specific values are not detailed in this excerpt.
What is the company's primary business activity?
Village Bank & Trust Financial Corp. is classified under 'STATE COMMERCIAL BANKS' with SIC code 6022.
When did the company change its name?
The company formerly known as Southern Community Financial Corp. changed its name to Village Bank & Trust Financial Corp. on 20040514.
Where is Village Bank & Trust Financial Corp. headquartered?
The company's business and mailing address is 13319 MIDLOTHIAN TURNPIKE, MIDLOTHIAN, VA 23113.
What are the fair value measurement inputs reported for 2024?
The filing indicates fair value inputs such as 0.045, 0.07, and 0.060 for recurring fair value measurements in 2024, utilizing Level 3 inputs.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 26, 2025 regarding Village Bank & Trust Financial Corp..