Virginia National Bankshares Corp
For the period ended Jun 30, 2024. Filed Aug 14, 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.
Jun 30, 2024 · Filed Aug 14, 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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Consolidated Statements of Changes in Shareholders’ Equity (unaudited)
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 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 options | 3 | 15 | - | - | 18 | ||
| Stock option expense | - | 42 | - | - | 42 | ||
| Restricted stock grant expense | - | 111 | - | - | 111 | ||
| Vested restricted stock grants | 21 | (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 | - | - | - | 5,771 | 5,771 | ||
| Balance, March 31, 2023 | $13,238 | $105,491 | $65,621 | $(42,853) | $141,497 | ||
| Stock option expense | - | 68 | - | - | 68 | ||
| Restricted stock grant expense | - | 120 | - | - | 120 | ||
| Vested stock grants | 12 | (12) | - | - | - | ||
| Cash dividends declared ($0.30 per share) | - | - | (1,770) | - | (1,770) | ||
| Net income | - | - | 5,651 | - | 5,651 | ||
| Other comprehensive loss | - | - | - | (3,127) | (3,127) | ||
| Balance, June 30, 2023 | $13,250 | $105,667 | $69,502 | $(45,980) | $142,439 | ||
| 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 grants | 21 | (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 | ||
| Stock option expense | - | 35 | - | - | 35 | ||
| Restricted stock grant expense | - | 217 | - | - | 217 | ||
| Vested restricted stock grants | 28 | (28) | - | - | - | ||
| Shares repurchased | (49) | (484) | - | - | (533) | ||
| Cash dividends declared ($0.33 per share) | - | - | (1,772) | - | (1,772) | ||
| Net income | - | - | 4,159 | - | 4,159 | ||
| Adjustment for Masonry Capital distribution | (83) | (83) | |||||
| Other comprehensive loss | - | - | - | (436) | (436) | ||
| Balance, June 30, 2024 | $13,256 | $105,935 | $77,961 | $(42,988) | $154,164 | ||
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