Village Bank and Trust Financial Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. Net income for the fourth quarter of 2016 amounted to $520,000, compared to net income of $11,932,000 for the third quarter of 2016 and net income of $96,000 for the fourth quarter of 2015. Net income available to common shareholders, which deducts from net income the dividends on preferred stock, amounted to net income of $330,000, or $0.23 per fully diluted share, for the fourth quarter of 2016, and a net loss of $78,000, or $0.06 per fully diluted share for the same period in 2015. Interest income was $4,099,000 against $3,898,000 reported last year. Net interest income before provision for loan losses was $3,448,000 against $3,215,000 reported last year. Return on average assets was 0.46% against 0.09% reported last year. Return on average equity was 4.70% against 1.22% reported last year. Book value per share at the end of the period was $26.54 against $17.38 reported a year ago. For the year ended December 31, 2016, the company had net income of $13,513,000 and net income available to common shareholders of $12,776,000, or $8.99 per fully diluted share, compared to net income of $646,000 and net income available to common shareholders of $6,591,000, or $5.49 per fully diluted share, for the same period in 2015. Net income and net income available to common shareholders for the year ended December 31, 2016 were positively impacted by the reversal in the third quarter of 2016 of an $11,997,000 valuation allowance previously recorded against the net deferred tax asset. Interest income was $15,989,000 against $15,504,000 reported last year. Net interest income before provision for loan losses was $13,380,000 against $12,637,000 reported last year. Return on average assets was 3.15% against 0.15% reported last year. Return on average equity was 38.81% against 2.29% reported last year.