Virginia National Bankshares Corp
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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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, 2025 · Filed Nov 12, 2025
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 Income (unaudited)
CONSOLIDATED STAT EMENTS OF INCOME
| For the three months ended | For the nine months ended | |||
|---|---|---|---|---|
| September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 | |
| Interest and dividend income: | ||||
| Loans, including fees | $17,500 | $17,378 | $51,864 | $49,281 |
| Federal funds sold | 283 | 136 | 530 | 535 |
| Other interest-bearing deposits | 55 | 50 | 142 | 165 |
| Investment securities: | ||||
| Taxable | 1,199 | 1,414 | 3,773 | 5,349 |
| Tax exempt | 322 | 326 | 968 | 979 |
| Dividends | 112 | 102 | 336 | 320 |
| Total interest and dividend income | 19,471 | 19,406 | 57,613 | 56,629 |
| Interest expense: | ||||
| Demand deposits | 66 | 66 | 202 | 205 |
| Money market and savings deposits | 3,026 | 2,990 | 8,957 | 8,864 |
| Certificates and other time deposits | 2,713 | 3,915 | 8,437 | 11,947 |
| Borrowings | 513 | 313 | 1,604 | 1,187 |
| Federal funds purchased | 3 | 9 | 28 | 25 |
| Junior subordinated debt | 78 | 89 | 224 | 260 |
| Total interest expense | 6,399 | 7,382 | 19,452 | 22,488 |
| Net interest income | 13,072 | 12,024 | 38,161 | 34,141 |
| Provision for (recovery of) credit losses | 332 | (114) | 174 | (474) |
| Net interest income after provision for (recovery of) credit losses | 12,740 | 12,138 | 37,987 | 34,615 |
| Noninterest income: | ||||
| Wealth management fees | 223 | 239 | 658 | 905 |
| Deposit account fees | 323 | 317 | 922 | 1,042 |
| Debit/credit card and ATM fees | 340 | 474 | 1,065 | 1,485 |
| Bank owned life insurance income | 318 | 294 | 918 | 858 |
| Gains on sale of assets, net | - | - | 278 | 36 |
| Gain on early redemption of debt | - | - | - | 379 |
| Loss on sales of AFS, net | - | - | - | (4) |
| Other | 147 | 128 | 580 | 620 |
| Total noninterest income | 1,351 | 1,452 | 4,421 | 5,321 |
| Noninterest expense: | ||||
| Salaries and employee benefits | 3,909 | 3,769 | 11,708 | 11,771 |
| Net occupancy | 872 | 919 | 2,777 | 2,756 |
| Equipment | 182 | 176 | 569 | 514 |
| Bank franchise tax | 439 | 366 | 1,266 | 1,051 |
| Computer software | 303 | 219 | 825 | 703 |
| Data processing | 577 | 707 | 2,044 | 2,025 |
| FDIC deposit insurance assessment | 255 | 125 | 545 | 500 |
| Marketing, advertising and promotion | 171 | 166 | 604 | 571 |
| Professional fees | 256 | 189 | 843 | 631 |
| Core deposit intangible amortization | 271 | 319 | 850 | 994 |
| Other | 1,169 | 988 | 3,877 | 3,368 |
| Total noninterest expense | 8,404 | 7,943 | 25,908 | 24,884 |
| Income before income taxes | 5,687 | 5,647 | 16,500 | 15,052 |
| Provision for income taxes | 1,111 | 1,047 | 3,197 | 2,647 |
| Net income | $4,576 | $4,600 | $13,303 | $12,405 |
| Net income per common share, basic | $0.85 | $0.86 | $2.47 | $2.31 |
| Net income per common share, diluted | $0.84 | $0.85 | $2.45 | $2.30 |
| Weighted average common shares outstanding, basic | 5,391,979 | 5,370,912 | 5,387,658 | 5,371,616 |
| Weighted average common shares outstanding, diluted | 5,424,642 | 5,396,936 | 5,414,969 | 5,387,537 |
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