Shareholders' Equity and Regulatory Matters (Tables)

9 Months Ended

Sep. 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 nine months ended September 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 income
Other comprehensive income before reclassification		1,574		-		1,574
Net current period other comprehensive income		1,574		-		1,574
Accumulated other comprehensive loss September 30, 2024	$	(4,030)	$	(9)	$	(4,039)

	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 September 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
September 30, 2024
Total capital (to risk- weighted assets) Village Bank	$	91,886	14.16	%	$	68,124	10.50	%	$	64,880	10.00	%
Tier 1 capital (to risk- weighted assets) Village Bank		87,858	13.54	%		55,148	8.50	%		51,904	8.00	%
Leverage ratio (Tier 1 capital to average assets) Village Bank		87,858	11.57	%		30,385	4.00	%		37,981	5.00	%
Common equity tier 1 (to risk- weighted assets) Village Bank		87,858	13.54	%		45,416	7.00	%		42,172	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% capital conservation buffer; and a minimum Tier leverage ratio of 4.0%.