Village Bank & Trust Financial Corp. announced unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the three months ended September 30, 2009, the company reported net loss available to common shareholders of $2,956,000, or $0.70 per fully diluted share, compared to net income available to common shareholders of $219,000 or $0.08 per fully diluted share for the same period in 2008. Net interest income for the three months ended September 30, 2009 was $4,325,000, an increase of $1,229,000, or 40%, over net interest income of $3,096,000 for the same period in 2008. Interest income was $8,334,000 against $6,725,000 for the same period a year ago. Return on average assets was negative at 1.80% against return on average assets of 0.21% for the same period a year ago. Return on average equity was negative at 18.55% against return on average equity of 3.09% for the same period a year ago. Net loss available to common shareholders was $4,937,000, or $1.17 per fully diluted share, compared to net earnings available to common shareholders of $491,000 or $0.19 per fully diluted share for the same period in 2008. Net interest income for the nine months ended September 30, 2009 was $12,399,000, an increase of $3,330,000, or 37%, over $9,069,000 in net interest income for the same period in 2008. These increases in net interest income are primarily attributable to the merger with River City Bank that was effective October 1, 2008. Interest income was $25,115,000 against $20,353,000 for the same period a year ago. Return on average assets was negative at 1.04% against return on average assets of 0.16% for the same period a year ago. Return on average equity was negative at 11.42% against return on average equity of 2.37% for the same period a year ago. Book value per share as on Sep. 30, 2009 was $9.83 against $10.50 as on Sep. 30, 2008.

Village Bank & Trust Financial Corp. announced earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net interest income before provision for loan losses of $4,168,000 compared to $3,188,000 for the same period a year ago. Net loss available to common shareholders for the period was $1,905,000 or $0.45 basic and diluted per share compared to net income available to common shareholders of $179,000 or $0.07 basic and diluted per share for the same period a year ago. Negative return on average assets was 1.22% compared to positive return on average assets of 0.18% for the same period a year ago. Negative return on average equity was 12.74% compared to positive return on average equity of 2.59% for the same period a year ago. For the six months, the company reported net interest income before provision for loan losses of $8,074,000 compared to $5,973,000 for the same period a year ago. Net loss available to common shareholders for the period was $1,980,000 or $0.47 basic and diluted per share compared to net income available to common shareholders of $272,000 or $0.10 basic and diluted per share for the same period a year ago. Negative return on average assets was 0.64% compared to positive return on average assets of 0.14% for the same period a year ago. Negative return on average equity was 7.27% compared to positive return on average equity of 2.00% for the same period a year ago. At June 30, 2009, book value per share was $10.43 compared to $10.51 reported at June 30, 2008.

Village Bank & Trust Financial Corp. announced that the company filed Articles of Amendment with the Commonwealth of Virginia State Corporation Commission on April 30, 2009 for the purpose of amending its Articles of Incorporation to fix the designations, preferences, limitations and relative rights of the Preferred Stock.