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Midas Edge

Virginia National Bankshares Corp

For the period ended Sep 30, 2024. Filed Nov 8, 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.

Sep 30, 2024 · Filed Nov 8, 2024

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

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

See the whole filing, with its images and exhibits
Contents

Consolidated Statements of Changes in Shareholders’ Equity (unaudited)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 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 options315--18
Stock option expense-42--42
Restricted stock grant expense-111--111
Vested 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
Stock option expense-68--68
Restricted stock grant expense-120--120
Vested stock grants12(12)---
Cash dividends declared ($0.33 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
Stock option expense-18--18
Restricted stock grant expense-180--180
Vested stock grants3(3)---
Cash dividends declared ($0.33 per share)--(1,771)-(1,771)
Net income--4,653-4,653
Other comprehensive loss---(9,792)(9,792)
Balance, September 30, 2023$13,253$105,862$72,384$(55,772)$135,727
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 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
Stock option expense-35--35
Restricted stock grant expense-217--217
Vested stock grants28(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
Stock option expense-35--35
Restricted stock grant expense-197--197
Vested stock grants1(1)---
Cash dividends declared ($0.33 per share)--(1,772)-(1,772)
Net income--4,600-4,600
Other comprehensive income---8,6858,685
Balance, September 30, 2024$13,257$106,166$80,789$(34,303)$165,909
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.