Virginia National Bankshares Corp
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 2024
VABK$53.32-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income (Loss) (unaudited)
CONSOLIDATED STATEMENTSOF COMPREHENSIVE INCOME (LOSS)
(Dollars in thousands)
| For the three months ended | For the nine months ended | |||
|---|---|---|---|---|
| September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 | |
| Net income | $4,600 | $4,653 | $12,405 | $16,095 |
| Other comprehensive income (loss): | ||||
| Unrealized gains (losses) on securities, net of tax of $2,309 and $1,525 for the three and nine months ended September 30, 2024, respectively, and net of tax benefit of ($2,603) and ($1,837) for the three and nine months ended September 30, 2023, respectively | 8,685 | (9,792) | 5,738 | (6,911) |
| Reclassification adjustment for realized gain on termination of interest rate swap, net of tax of $97 for the nine months ended September 30, 2023 | — | — | — | (363) |
| Reclassification adjustment for realized losses on securities, net of tax of $1 and $43 for the nine months ended September 30, 2024 and 2023, respectively | — | — | 3 | 163 |
| Unrealized losses on interest rate swaps, net of tax benefit of ($9) for the nine months ended September 30, 2023 | — | — | — | (37) |
| Total other comprehensive income (loss) | 8,685 | (9,792) | 5,741 | (7,148) |
| Total comprehensive income (loss) | $13,285 | $(5,139) | $18,146 | $8,947 |
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