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Midas Edge

Virginia National Bankshares Corp

For the period ended Mar 31, 2024. Filed May 15, 2024.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 15, 2024

VABK$53.37+1.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Changes in Shareholders’ Equity (unaudited)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

FOR THE THREE MONTHS ENDED MARCH 31, 2024 AND 2023

(Dollars in thousands, except per share data)

Common Stock · Capital Surplus · Retained Earnings · Accumulated Other Comprehensive Loss · Total
Balance, December 31, 2022$13,214$105,344$63,482$(48,624)$133,416
Exercise of stock options315--18
Stock option expense-42--42
Restricted stock grant expense-111--111
Vested restricted stock grants21(21)---
Cash dividends declared ($0.33 per share)--(1,762)-(1,762)
Impact of adoption of CECL--(1,890)-(1,890)
Net income--5,791-5,791
Other comprehensive income---5,7715,771
Balance, March 31, 2023$13,238$105,491$65,621$(42,853)$141,497
Balance, December 31, 2023$13,258$106,045$73,781$(40,044)$153,040
Stock option expense-24--24
Restricted stock grant expense-171--171
Vested restricted stock grants21(21)---
Shares repurchased(2)(24)(26)
Cash dividends declared ($0.33 per share)--(1,770)-(1,770)
Net income--3,646-3,646
Other comprehensive loss---(2,508)(2,508)
Balance, March 31, 2024$13,277$106,195$75,657$(42,552)$152,577
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.