Virginia National Bankshares Corporation (VABK)

VABK Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	19.17	28.39	40.14	508.84	34.7	19.09
Investment Securities	136.45	267.85	371.11	132.85	95.99	42.31
Mortgage-Backed Securities	142.87	155.14	167.08	170.96	78.1	71.73
Total Investments	279.32	423	538.19	303.82	174.09	114.04
Gross Loans	1,216	1,093	936.42	1,061	609.41	539.53
Allowance for Loan Losses	-8.52	-8.4	-5.55	-5.98	-5.46	-4.21
Net Loans	1,207	1,084	930.86	1,055	603.95	535.32
Property, Plant & Equipment	21.48	22.94	24.34	32.68	8.77	9.72
Goodwill	7.77	7.77	7.77	8.14	0.37	0.37
Other Intangible Assets	4.1	5.09	6.59	8.55	0.34	0.41
Accrued Interest Receivable	6.17	6.18	4.88	3.78	2.9	2.24
Other Current Assets	-	-	0.97	-	-	-
Long-Term Deferred Tax Assets	13.55	15.38	17.32	4.84	-	-
Other Real Estate Owned & Foreclosed	-	-	-	0.61	-	-
Other Long-Term Assets	56.24	53	52.32	45.71	23.3	20.86
Total Assets	1,615	1,646	1,623	1,972	848.41	702.63
Interest Bearing Deposits	1,020	929.64	953.79	1,229	486.29	415.64
Institutional Deposits	-	106.6	28.9	45.3	34.7	38.4
Non-Interest Bearing Deposits	359.9	372.86	495.65	522.28	209.77	166.98
Total Deposits	1,380	1,409	1,478	1,796	730.76	621.01
Short-Term Borrowings	55.61	69.96	-	0.01	-	0.2
Current Portion of Long-Term Debt	-	-	-	-	10	-
Current Portion of Leases	0.4	1.52	-	-	-	-
Accrued Interest Payable	2.09	2.14	0.16	0.17	0.16	0.3
Long-Term Debt	-	-	0.51	-	-	-
Federal Home Loan Bank Debt, Long-Term	-	-	-	-	20	-
Long-Term Leases	5.35	4.98	6.17	7.11	3.59	3.6
Trust Preferred Securities	3.5	3.46	2.91	3.37	-	-
Pension & Post-Retirement Benefits	-	0.13	-	-	-	-
Other Long-Term Liabilities	2.02	1.68	1.86	3.37	1.3	1.41
Total Liabilities	1,449	1,493	1,490	1,810	765.81	626.52
Common Stock	13.26	13.26	13.21	13.18	6.72	6.72
Additional Paid-In Capital	106.17	106.05	105.34	104.58	32.46	32.2
Retained Earnings	80.79	73.78	63.48	46.44	41.96	37.24
Comprehensive Income & Other	-34.3	-40.04	-48.62	-2.21	1.46	-0.04
Shareholders' Equity	165.91	153.04	133.42	161.99	82.6	76.11
Total Liabilities & Equity	1,615	1,646	1,623	1,972	848.41	702.63
Total Debt	64.86	79.93	9.59	10.48	33.59	3.8
Net Cash (Debt)	-45.69	-51.54	30.55	498.36	1.11	15.28
Net Cash Growth	-	-	-93.87%	44959.40%	-92.76%	-18.91%
Net Cash Per Share	-8.50	-9.59	5.71	106.14	0.41	5.68
Filing Date Shares Outstanding	5.37	5.39	5.34	5.33	2.71	2.69
Total Common Shares Outstanding	5.37	5.37	5.34	5.31	2.71	2.69
Book Value Per Share	30.89	28.52	25.00	30.52	30.43	28.27
Tangible Book Value	154.04	140.18	119.06	145.3	81.89	75.33
Tangible Book Value Per Share	28.68	26.12	22.31	27.37	30.17	27.98

Source: S&P Capital IQ. Banks template. Financial Sources.