Virginia National Bankshares Corp
For the period ended Jun 30, 2026. Filed Aug 13, 2026.
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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, 2026 · Filed Aug 13, 2026
VABK$53.32-0.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows (unaudited)
CONSOLIDATED STATEM ENTS OF CASH FLOWS
(Dollars in thousands)
| For the six months ended | ||
|---|---|---|
| June 30, 2026 | June 30, 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $14,268 | $8,727 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Recovery of credit losses | (105) | (157) |
| Net accretion of certain acquisition-related adjustments | (819) | (1,038) |
| Amortization of intangible assets | 483 | 579 |
| Net amortization of securities | 374 | 398 |
| Net gains on sale of assets | (5) | (278) |
| Net gain on sale of other assets | (81) | - |
| Gain on sale of limited partnership investment | (4,662) | - |
| Earnings on bank owned life insurance | (651) | (600) |
| Depreciation and other amortization | 1,097 | 1,553 |
| Stock option expense | 27 | 69 |
| Restricted stock expense | 506 | 426 |
| Net change in: | ||
| Accrued interest receivable and other assets | (124) | (527) |
| Accrued interest payable and other liabilities | 440 | (322) |
| Net cash provided by operating activities | 10,748 | 8,830 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Net increase in restricted investments | (23) | (1,927) |
| Proceeds from maturities, calls, sales and principal payments of available for sale securities | 11,873 | 14,519 |
| Proceeds from sale of limited partnership investment | 6,325 | - |
| Proceeds from sale of other asset | 81 | - |
| Net change in loans | 4,399 | (5,328) |
| Proceeds from sale of premises and equipment | 64 | 3,047 |
| Purchase of bank premises and equipment | (298) | (285) |
| Net cash provided by investing activities | 22,421 | 10,026 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Net change in demand deposits, money market and savings accounts | (12,058) | (7,476) |
| Net change in certificates of deposit and other time deposits | (10,477) | (27,005) |
| Net change in Federal funds purchased | - | (236) |
| Net change in other borrowings | - | 41,000 |
| Cash dividends paid | (3,901) | (3,720) |
| Net cash (used in) provided by financing activities | (26,436) | 2,563 |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | $6,733 | $21,419 |
| CASH AND CASH EQUIVALENTS: | ||
| Beginning of period | $70,614 | $17,103 |
| End of period | $77,347 | $38,522 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| Cash payments for: | ||
| Interest | $11,816 | $13,503 |
| Taxes | 2,440 | 2,090 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | ||
| Unrealized (losses) gains on available for sale securities | $(475) | $6,289 |
| Initial right-of-use assets obtained in exchange for new operating lease liabilities | - | 2,338 |
VIRGINIA NATIONAL BANKSHARES CORPORATION AND SUBSIDIARIES
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