Southern National Bancorp of Virginia, Inc. (SONA) financial statements (2021 and earlier)

Company profile

Business Address 1770 TIMBERWOOD BOULEVARD
CHARLOTTESVILLE, VA 22911
State of Incorp. VA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32292547303821
Cash and cash equivalents32292547303821
Total current assets:32292547303821
Noncurrent Assets
Operating lease, right-of-use asset8
Property, plant and equipment3132368996
Intangible assets, net (including goodwill)10911111111121210
Goodwill1021021011111119
Intangible assets, net (excluding goodwill)79101111
Deferred income tax assets12
Total noncurrent assets:16014314620202116
Other undisclosed assets2,5302,5302,4421,075985857679
TOTAL ASSETS:2,7222,7012,6141,1421,036917716
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt135182351956914 
Total current liabilities:135182351956914 
Noncurrent Liabilities
Long-term debt and lease obligation4747     
Long-term debt, excluding current maturities4747     
Total noncurrent liabilities:4747     
Other undisclosed liabilities2,1632,1241,940921847789610
Total liabilities:2,3452,3532,2911,016916803610
Stockholders' equity
Stockholders' equity attributable to parent, including:377348323126120114107
Common stock000000 
Additional paid in capital30730630510510410497
Accumulated other comprehensive income (loss)1(3)(1)(1)(1)(3)(3)
Retained earnings69451922161313
Other undisclosed stockholders' equity attributable to parent      0
Total stockholders' equity:377348323126120114107
TOTAL LIABILITIES AND EQUITY:2,7222,7012,6141,1421,036917716

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues114118834742361
Net investment income11411379464135 
Financial services revenue641111
Cost of revenue(0)(4)(9)(5)(3)(3)(4)
Provision for loan, lease, and other losses(0) 
Financial services costs(4)(9)(5)(3)(3)(4)
Gross profit:11411474423933(3)
Operating expenses(16)(42)(29)(17)(17)(18)(13)
Other operating income, net
(Noninterest Income, Other Operating Income)
1110000
Operating income (loss):997345252215(16)
Nonoperating income2201011
Gains (losses) on sales of other real estate0(0)(1)(0)(0)00
Bank owned life insurance income2211111
Interest and debt expense(37)(28)(16)(9)(7)(5)(5)
Income (loss) from continuing operations before equity method investments, income taxes:644730171511(19)
Other undisclosed income (loss) from continuing operations before income taxes(24)(4)(15)(2)(1)029
Income from continuing operations before income taxes:3943161514119
Income tax expense(6)(10)(13)(5)(5)(4)(3)
Net income available to common stockholders, diluted:3334210976

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:3334210976
Other comprehensive loss (0)(0)(0)(0)(0) 
Comprehensive income:3333210976
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3(1)(0)(0)30(0)
Comprehensive income, net of tax, attributable to parent:37322101286

Statements sources

The financial statements are based on the company's filings with the 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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