Virginia National Bankshares Corporation (VABK) Financial Statements (2023 and Earlier)

Company Profile

Business Address 404 PEOPLE PLACE
CHARLOTTESVILLE, VA 22911
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments356 15191839
Cash and cash equivalents356 15191839
Total current assets:356 15191839
Noncurrent Assets
Operating lease, right-of-use asset8 4
Property, plant and equipment25 6778
Intangible assets, net (including goodwill)29 1111
Goodwill8 0000
Intangible assets, net (excluding goodwill)21 0011
Total noncurrent assets:62 11889
Other undisclosed assets1,554 677618617557
TOTAL ASSETS:1,972 703645644605
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    3420
Total current liabilities:    3420
Noncurrent Liabilities
Long-term debt and lease obligation7     
Operating lease, liability7  
Total noncurrent liabilities:14     
Other undisclosed liabilities1,796 627574545526
Total liabilities:1,810 627574579546
Stockholders' equity
Stockholders' equity attributable to parent162 76716559
Common stock13 7666
Additional paid in capital105 32272221
Accumulated other comprehensive loss(2) (0)(1)(1)(1)
Retained earnings46 37393833
Total stockholders' equity:162 76716559
TOTAL LIABILITIES AND EQUITY:1,972 703645644605

Income Statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues48 0262724
Net investment income48 0262319
Financial services revenue54
Cost of revenue(1) (1)(2)(0)(0)
Provision for loan, lease, and other losses(1) (1)(2)
Financial services costs(0)(0)
Gross profit:47 (1)242723
Operating expenses(8) (4)(3)(10)(10)
Other operating income, net
(Noninterest Income, Other Operating Income)
1  000
Operating income (loss):40 (5)221714
Nonoperating income
(Bank Owned Life Insurance Income)
1  000
Interest and debt expense(3) (4)(3)(1)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  17(9)(6)(5)
Income from continuing operations before equity method investments, income taxes:38 811118
Other undisclosed loss from continuing operations before income taxes(26)     
Income from continuing operations before income taxes:12 811118
Income tax expense(2) (2)(2)(4)(3)
Net income available to common stockholders, diluted:10 7876

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:10 7876
Other comprehensive income (loss)(5) 2(0)0(1)
Comprehensive income:6 8875
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1 (0)   
Comprehensive income, net of tax, attributable to parent:6 8875

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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