American National Bankshares, Inc. (AMNB) Financial Statements (2024 and earlier)

Company Profile

Business Address 628 MAIN ST
DANVILLE, VA 24541
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 thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73,340510,868374,37079,58266,08552,477
Cash and cash equivalents73,340510,868374,37079,58264,25552,477
Short-term investments     1,830 
Total current assets:73,340510,868374,37079,58266,08552,477
Noncurrent Assets
Operating lease, right-of-use asset   4,8785,340
Property, plant and equipment32,90035,56439,72339,84826,67525,901
Intangible assets, net (including goodwill)88,41589,67591,13991,73044,79845,063
Goodwill85,04885,04885,04884,00243,87243,872
Intangible assets, net (excluding goodwill)3,3674,6276,0917,7289261,191
Total noncurrent assets:121,315125,239135,740136,91871,47370,964
Other undisclosed assets2,871,2472,698,4902,539,9002,262,0501,725,3081,692,637
TOTAL ASSETS:3,065,9023,334,5973,050,0102,478,5501,862,8661,816,078
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt100,90141,12842,55140,47535,24334,726
Total current liabilities:100,90141,12842,55140,47535,24334,726
Noncurrent Liabilities
Other undisclosed liabilities2,643,8272,938,6772,669,5652,117,8171,605,0811,572,635
Total liabilities:2,744,7282,979,8052,712,1162,158,2921,640,3241,607,361
Equity
Equity, attributable to parent321,174354,792337,894320,258222,542208,717
Common stock10,53810,71010,92611,0198,6688,604
Additional paid in capital141,948147,777154,850158,24478,17276,179
Accumulated other comprehensive income (loss)(54,976)(5,075)2,437(483)(5,835)(3,076)
Retained earnings223,664201,380169,681151,478141,537127,010
Total equity:321,174354,792337,894320,258222,542208,717
TOTAL LIABILITIES AND EQUITY:3,065,9023,334,5973,050,0102,478,5501,862,8661,816,078

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues96,75196,99596,58593,57669,56375,710
Net investment income96,75196,99595,84092,85568,76863,038
Financial services revenue12,672
Cost of revenue(1,597) (8,916)(456) (1,016)
Provision for loan, lease, and other losses(1,597) (8,916)(456) 
Financial services costs(1,016)
Gross profit:95,15496,99587,66993,12069,56374,694
Operating expenses(49,208)(45,448)(41,817)(47,907)(28,709)(27,586)
Operating income:45,94651,54745,85245,21340,85447,108
Interest and debt expense(5,766)(5,405)(12,020)(15,728)(9,674)(7,291)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   3,350(3,718)(2,955)(13,742)
Income from continuing operations before equity method investments, income taxes:40,18046,14237,18225,76728,22526,075
Other undisclosed income from continuing operations before income taxes3,1829,097    
Income from continuing operations before income taxes:43,36255,23937,18225,76728,22526,075
Income tax expense(8,934)(11,713)(7,137)(4,861)(5,646)(10,826)
Income from continuing operations:34,42843,52630,04520,90622,57915,249
Income before gain (loss) on sale of properties:43,52630,04520,90622,57915,249
Net income available to common stockholders, diluted:34,42843,52630,04520,90622,57915,249

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:34,42843,52630,04520,90622,57915,249
Other comprehensive income (loss)8492,109(2,098)(1,460)(1,750)(316)
Other undisclosed comprehensive income      
Comprehensive income:35,27745,63527,94719,44620,82914,933
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(50,750)(9,621)5,0186,812(359)(341)
Comprehensive income (loss), net of tax, attributable to parent:(15,473)36,01432,96526,25820,47014,592

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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