Village Bank and Trust Financial (Village Bank and Trust Financial) Intangible Assets

: $0.00 Mil (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Village Bank and Trust Financial's intangible assets for the quarter that ended in Dec. 2023 was $0.00 Mil.

Village Bank and Trust Financial Intangible Assets Historical Data

The historical data trend for Village Bank and Trust Financial's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Village Bank and Trust Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

Get a 7-Day Free Trial

Village Bank and Trust Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Intangible Assets	Get a 7-Day Free Trial															-	-	-	-	-

Village Bank and Trust Financial Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Village Bank and Trust Financial (NAS:VBFC) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Village Bank and Trust Financial Intangible Assets Related Terms

Thank you for viewing the detailed overview of Village Bank and Trust Financial's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Village Bank and Trust Financial (Village Bank and Trust Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Village Bank and Trust Financial Corp (NAS:VBFC) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

13319 Midlothian Turnpike, Midlothian, VA, USA, 23113

Website

https://www.villagebank.com

Village Bank and Trust Financial Corp is a bank holding company. The bank is the primary operating business of the company. It offers a range of banking and related financial services, including checking, savings, certificates of deposit and other depository services, and commercial, real estate, and consumer loans, primarily in the Richmond, Virginia and Williamsburg, Virginia metropolitan areas. Its operating segment includes Commercial Banking and Mortgage Banking. The company generates maximum revenue from the Commercial Banking segment.

Executives

Selena Trudy Sanderson	director	13319 MIDLOTHIAN TURNPIKE, MIDLOTHIAN VA 23113
Ronald L. Carey	director	13319 MIDLOTHIAN TURNPIKE, MIDLOTHIAN VA 23113
Jennifer J. Church	director	P.O. BOX 330, MIDLOTHIAN VA 23113
Mary Margaret Kastelberg	director	P.O. BOX 330, MIDLOTHIAN VA 23113
Christy Quesenbery	officer: EVP-Operations	11730 HULL STREET ROAD, MIDLOTHIAN VA 23112
Roy I Barzel	officer: EVP-CCO	11730 HULL STREET ROAD, MIDLOTHIAN VA 23112
Kenneth R Lehman	10 percent owner	122 N GORDON ROAD, FT LAUDERDALE FL 33301
Craig D Bell	director	PO BOX 330, MIDLOTHIAN VA 23113
Jenkins Frank E. Jr.	director	PO BOX 330, MIDLOTHIAN VA 23113
Avery Raymond Thomas Iii	director	PO BOX 330, MIDLOTHIAN VA 23113
Michael A Katzen	director	15521 MIDLOTHIAN TURNPIKE, SUITE 200, MIDLOTHIAN VA 23113
William G Foster	officer: Senior Vice President	15521 MIDLOTHIAN TURNPIKE, SUITE 200, MIDLOTHIAN VA 23113
Hendricks James E Jr	officer: EVP-Chief Credit Officer	C/O VILLAGE BANK, P.O. BOX 330, MIDLOTHIAN VA 23113
Charles E Walton	director	15521 MIDLOTHIAN TURNPIKE, SUITE 200, MIDLOTHIAN VA 23113
Kaloski Donald M. Jr.	officer: EVP-CFO	13319 MIDLOTHIAN TURNPIKE, MIDLOTHIAN VA 23113