Shareholders' Equity and Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2024

Shareholders' Equity and Regulatory Matters

Schedule of accumulated other comprehensive income (loss)

The following table presents the change in accumulated other comprehensive loss for the six months ended June 30, 2024 and year ended December 31, 2023 and is summarized as follows, net of tax (dollars in thousands):

	Unrealized		Defined
	Losses on AFS		Benefit
	Securities		Plan		Total
Accumulated other comprehensive loss December 31, 2023	$	(5,604)	$	(9)	$	(5,613)
Other comprehensive loss
Other comprehensive loss before reclassification		(515)		-		(515)
Net current period other comprehensive loss		(515)		-		(515)
Accumulated other comprehensive loss June 30, 2024	$	(6,119)	$	(9)	$	(6,128)

	Unrealized		Defined
	Losses on AFS		Benefit
	Securities		Plan		Total
Accumulated other comprehensive loss December 31, 2022	$	(10,863)	$	(18)	$	(10,881)
Other comprehensive income
Other comprehensive income before reclassification		1,320		9		1,329
Amounts reclassified from AOCI into earnings		3,939		-		3,939
Net current period other comprehensive income		5,259		9		5,268
Accumulated other comprehensive loss December 31, 2023	$	(5,604)	$	(9)	$	(5,613)

Schedule of capital amounts and ratios

The capital amounts and ratios at June 30, 2024 and December 31, 2023 for the Bank are presented in the table below (dollars in thousands):

					Minimum Capital
					Requirements
	Actual				Including Conservation Buffer (1)				To be Well Capitalized
	Amount		Ratio		Amount		Ratio		Amount		Ratio
June 30, 2024
Total capital (to risk- weighted assets) Village Bank	$	89,883	14.06	%	$	67,114	10.50	%	$	63,918	10.00	%
Tier 1 capital (to risk- weighted assets) Village Bank		85,882	13.44	%		54,330	8.50	%		51,134	8.00	%
Leverage ratio (Tier 1 capital to average assets) Village Bank		85,882	11.33	%		30,326	4.00	%		37,907	5.00	%
Common equity tier 1 (to risk- weighted assets) Village Bank		85,882	13.44	%		44,743	7.00	%		41,547	6.50	%
December 31, 2023
Total capital (to risk- weighted assets) Village Bank	$	86,493	14.49	%	$	62,679	10.50	%	$	59,695	10.00	%
Tier 1 capital (to risk- weighted assets) Village Bank		82,764	13.86	%		50,740	8.50	%		47,756	8.00	%
Leverage ratio (Tier 1 capital to average assets) Village Bank		82,764	11.14	%		29,706	4.00	%		37,133	5.00	%
Common equity tier 1 (to risk- weighted assets) Village Bank		82,764	13.86	%		41,786	7.00	%		38,801	6.50	%
(1) Basel III Capital Rules require banking organizations to maintain a minimum CETI ratio of 4.5%, plus a 2.5% capital conservation buffer; a minimum Tier 1 capital ratio of 6.0%, plus a 2.5% capital conservation buffer; a minimum, total risk-based capital ratio of 8.0%, plus a 2.5% conservation buffer; and a minimum Tier leverage ratio of 4.0%.