Form 8-K Village Bank & Trust Financial Corp.

Current report, products 2.02 and 9.01

SECURITIES AND TRADE COMMISSION

Washington, D.C. 20549

Pursuant to Section 13 or 15(d) associated with the Securities Exchange Act of 1934

Date of report (Date of earliest occasion reported): January 28, 2020

TOWN BANK AND TRUST FINANCIAL CORP.

(precise title of Registrant as Specified in Charter)

(State or any Other Jurisdiction

(Commission File Quantity)

13319 Midlothian Turnpike

(Address of Principal Executive Workplaces)

Registrant’s Phone Number, Including Region Code: (804) 897-3900

(previous Name or Former Address, if Changed Since final Report)

Check out the appropriate package below if the Form 8-K filing is supposed to simultaneously fulfill the filing responsibility for the registrant under some of the following conditions:

?	Written communications pursuant to Rule 425 underneath the Securities Act (17 CFR 230.425)
?	Soliciting material pursuant to Rule 14a-12 beneath the Exchange Act (17 CFR 240.14a-12)
?	Pre-commencement communications pursuant to Rule 14d-2(b) underneath the Exchange Act (17 CFR 240.14d-2(b))
?	Pre-commencement communications pursuant to Rule 13e-4(c) beneath the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) for the Act:

Title of each and every class	Trading Symbol(s)	Name of every change by which registered
popular Stock, par value $4.00 per share	VBFC	Nasdaq Capital marketplace

Indicate by check mark perhaps the registrant is definitely a growth that is emerging as defined in Rule 405 regarding the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 associated with the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Rising development business ?

If a growth that is emerging, indicate by check mark in the event that registrant has elected never to make use of the extended transition for complying with any brand new or revised economic accounting criteria supplied pursuant to Section 13(a) associated with Exchange Act. ?

Item 2.02 link between Operations and Financial Condition.

On January 28, 2020, Village Bank and Trust Financial Corp. Issued a pr release reporting its results that are financial the time finished December 31, 2019. A duplicate for the news release will be furnished being a display to the report and shall never be considered “filed” for any function.

Item 9.01 Financial Statements and Displays.

Display No.	Definition
99.1	Press launch dated January 28, 2020

Pursuant into the needs associated with the Securities Exchange Act of 1934, as amended, the Registrant has duly triggered this are accountable to be finalized on its behalf by the undersigned hereunto duly authorized.

TOWN BANK AND TRUST FINANCIAL CORP.
(Registrant)
Date: 28, 2020	By:	/s/ Donald M. Kaloski, Jr.
Donald M. Kaloski, Jr.
Executive Vice President and CFO january

For Immediate Launch

TOWN BANK AND TRUST FINANCIAL CORP.

REPORTS 12.11% RETURN NORMALLY EQUITY AND 50% DEVELOPMENT IN EARNINGS
FOR THE FOURTH QUARTER OF 2019

Midlothian, Virginia, 28, 2020 january. Village Bank and Trust Financial Corp. (the “Company”) (Nasdaq icon: VBFC), parent business of Village Bank (the “Bank”), today reported unaudited outcomes for the quarter that is fourth of. Net gain when it comes to 4th quarter of 2019 ended up being $1,304,000, or $0.90 per completely diluted share, in comparison to income that is net the 4th quarter of 2018 of $856,000, or $0.60 per completely diluted share. When it comes to year finished December 31, 2019, net gain ended up being $4,477,000 or $3.10 per completely diluted share, when compared with net gain for the year finished December 31, 2018 of $3,037,000, or $2.04 per completely diluted share. Net gain offered to shareholders that are common which deducts from net gain the dividends on favored stock, ended up being $2,924,000, or $2.04 per completely diluted share, when it comes to year finished December 31, 2018. There was clearly no stock that is preferred during 2019.

Shows when it comes to 4th quarter and complete 12 months 2019 are the following:

Total deposits reduced by $34,231,000, or 7.17%, from Q3 2019, and increased by $4,161,000, or 0.95%, from Q4 2018. Variances of note are the following:

Noninterest bearing demand account balances decreased $16,741,000 from Q3 2019 and increased $11,911,000 from Q4 2018, and represented 29.61percent of total build up in comparison to 30.99per cent at the time of Q3 2019 and 27.18per cent at the time of Q4 2018. The decline in noninterest bearing deposits during Q4 2019 had been consequence of company seasonality in several company sectors for which we concentrate. We think that the portion development from Q4 2018 to Q4 2019 is representative of our core development in the balances.
Cash market balances reduced $13,106,000 from Q3 2019 and increased by $13,660,000 from Q4 2018. The decline in cash market deposit reports during Q4 2019 ended up being mainly due to the expected withdrawal of this short-term development noted inside our Q3 2019 news release.
Time deposits decreased by $6,632,000 from Q3 2019 and $18,352,000 from Q4 2018. The decline in time deposits is caused by our consider building low priced relationship deposits and working to enhance our deposits mix and price of funds. Time deposits represented 30.96% of total build up in comparison to 30.13% at the time of Q3 2019 and 35.43per cent at the time of Q4 2018. Wholesale time deposits had been $1,494,000 at 12 months end 2019 when compared with $8,401,000 at 12 months end 2018. installment loans ia