VABK Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	69.57	66.53	56.05	44.23	43.9
Interest Income on Investments	7.68	9.39	13.94	12.5	4.37
Total Interest Income	77.25	75.93	69.99	56.73	48.27
Interest Paid on Deposits	23.55	27.49	18.64	2.98	3.42
Interest Paid on Borrowings	2.19	2.07	2.39	0.2	-0.13
Total Interest Expense	25.74	29.55	21.02	3.18	3.28
Net Interest Income	51.51	46.38	48.97	53.55	44.99
Net Interest Income Growth (YoY)	11.07%	-5.29%	-8.55%	19.02%	88.40%
Trust Income	0.89	1.15	1.98	2.44	3.51
Gain (Loss) on Sale of Assets	0.28	0.04	0.11	1.21	0.08
Gain (Loss) on Sale of Investments	-	-0	-0.21	-	-
Other Non-Interest Income	3.66	4.14	5.17	5.58	5.42
Total Non-Interest Income	6.09	6.69	8.64	11.02	10.47
Non-Interest Income Growth (YoY)	-8.84%	-22.64%	-21.58%	5.29%	59.41%
Revenues Before Loan Losses	57.6	53.06	57.61	64.57	55.45
Provision for Loan Losses	0.14	-0.6	0.73	0.11	1.01
Revenue	57.47	53.66	56.88	64.46	54.44
Revenue Growth (YoY)	7.09%	-5.65%	-11.77%	18.41%	88.88%
Salaries and Employee Benefits	15.69	14.97	15.17	16.57	15.61
Occupancy Expenses	3.52	1.95	1.95	2.17	1.85
Federal Deposit Insurance	0.79	0.7	0.71	0.51	0.86
Amortization of Goodwill & Intangibles	1.11	1.3	1.49	1.68	1.39
Selling, General & Administrative	5.74	8.59	8.91	10.78	10.04
Other Non-Interest Expense	6.54	6.16	5.83	6.6	5.35
Total Non-Interest Expense	33.38	33.67	34.06	38.31	35.1
EBT Excluding Unusual Items	24.08	20	22.81	26.15	19.34
Legal Settlements	-	-	-	2.4	-
Other Unusual Items	-	0.9	0.46	-	-
Pretax Income	24.08	20.9	23.27	28.55	11.92
Income Tax Expense	4.82	3.93	4.01	5.11	1.85
Net Income	19.26	16.97	19.26	23.44	10.07
Net Income to Common	19.26	16.97	19.26	23.44	10.07
Net Income Growth	13.53%	-11.92%	-17.81%	132.73%	26.24%
Basic Shares Outstanding	5	5	5	5	5
Diluted Shares Outstanding	5	5	5	5	5
Shares Change (YoY)	0.49%	0.35%	0.41%	13.97%	73.35%
EPS (Basic)	3.57	3.16	3.60	4.40	2.16
EPS (Diluted)	3.55	3.15	3.58	4.38	2.14
EPS Growth	12.70%	-12.01%	-18.27%	104.67%	-27.37%
Dividend Per Share	1.410	1.320	1.320	1.200	1.200
Dividend Growth	6.82%	-	10.00%	-	-
Effective Tax Rate	20.02%	18.82%	17.23%	17.89%	15.49%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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