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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments196322925473038
Cash and cash equivalents196322925473038
Total current assets:196322925473038
Noncurrent Assets
Operating lease, right-of-use asset88
Property, plant and equipment30313236899
Intangible assets, net (including goodwill)108109111111111212
Goodwill102102102101111111
Intangible assets, net (excluding goodwill)67910111
Deferred income tax assets1512
Total noncurrent assets:160160143146202021
Other undisclosed assets2,7322,5302,5302,4421,075985857
TOTAL ASSETS:3,0892,7222,7012,6141,1421,036917
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt116135182351956914
Total current liabilities:116135182351956914
Noncurrent Liabilities
Long-term debt and lease obligation1064747    
Long-term debt, excluding current maturities1064747    
Total noncurrent liabilities:1064747    
Other undisclosed liabilities2,4762,1632,1241,940921847789
Total liabilities:2,6982,3452,3532,2911,016916803
Stockholders' equity
Stockholders' equity attributable to parent391377348323126120114
Common stock0000000
Additional paid in capital309307306305105104104
Accumulated other comprehensive income (loss)31(3)(1)(1)(1)(3)
Retained earnings78694519221613
Total stockholders' equity:391377348323126120114
TOTAL LIABILITIES AND EQUITY:3,0892,7222,7012,6141,1421,036917

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues11211411883474236
Net investment income11311411379464135
Cost of revenue(19)(0)(4)(9)(5)(3)(3)
Provision for loan, lease, and other losses(19)(0) 
Financial services costs(4)(9)(5)(3)(3)
Gross profit:9311411474423933
Operating expenses(18)(16)(42)(29)(17)(17)(18)
Other operating income, net
(Noninterest Income, Other Operating Income)
1111000
Operating income:76997345252215
Nonoperating income1220101
Gains (losses) on sales of other real estate(1)0(0)(1)(0)(0)0
Bank owned life insurance income2221111
Interest and debt expense(26)(37)(28)(16)(9)(7)(5)
Income from continuing operations before equity method investments, income taxes:50644730171511
Other undisclosed income (loss) from continuing operations before income taxes(20)(24)(4)(15)(2)(1)0
Income from continuing operations before income taxes:30394316151411
Income tax expense(7)(6)(10)(13)(5)(5)(4)
Net income available to common stockholders, diluted:23333421097

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:23333421097
Other comprehensive loss  (0)(0)(0)(0)(0)
Comprehensive income:23333321097
Other undisclosed comprehensive income (loss), net of tax, attributable to parent33(1)(0)(0)30
Comprehensive income, net of tax, attributable to parent:263732210128

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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