Virginia National Bankshares Corp
For the period ended Mar 31, 2024. Filed May 15, 2024.
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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$53.32-0.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income (unaudited)
CONSOLIDATED STATEMENTSOF COMPREHENSIVE INCOME
(Dollars in thousands)
| For the three months ended | ||
|---|---|---|
| March 31, 2024 | March 31, 2023 | |
| Net income | $3,646 | $5,791 |
| Other comprehensive (loss) income: | ||
| Unrealized (losses) gains on securities, net of tax of ($668) and $1,597 for the three months ended March 31, 2024 and 2023, respectively | (2,511) | 6,008 |
| Reclassification adjustment for realized gain on termination of interest rate swap, net of tax of $0 and ($97) for the three months ended March 31, 2024 and 2023, respectively | — | (363) |
| Reclassification adjustment for realized losses on securities, net of tax of $1 and $43 for the three months ended March 31, 2024 and 2023, respectively | 3 | 163 |
| Unrealized gains (losses) on interest rate swaps, net of tax of $0 and ($9) for the three months ended March 31, 2024 and 2023, respectively | — | (37) |
| Total other comprehensive (loss) income | (2,508) | 5,771 |
| Total comprehensive income | $1,138 | $11,562 |
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