Call reports 2024
VIRGINIA NATIONAL BANK — 2024
What VIRGINIA NATIONAL BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,618,345,000 | 1,572,738,000 | 1,613,622,000 | 1,615,529,000 |
| Total loans | 1,128,168,000 | 1,158,213,000 | 1,215,512,000 | 1,235,969,000 |
| Allowance for loan losses | 8,289,000 | 8,028,000 | 8,523,000 | 8,455,000 |
| Securities available for sale | 341,857,000 | 284,698,000 | 279,324,000 | 263,537,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,432,252,000 | 1,374,804,000 | 1,380,967,000 | 1,424,536,000 |
| Interest-bearing deposits | 1,049,657,000 | 1,015,911,000 | 1,020,004,000 | 1,049,467,000 |
| Noninterest-bearing deposits | 382,595,000 | 358,893,000 | 360,963,000 | 375,069,000 |
| Equity capital | 154,824,000 | 155,502,000 | 167,219,000 | 161,592,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 18,560,000 | 37,223,000 | 56,630,000 | 75,927,000 |
| Interest expense | 7,537,000 | 14,935,000 | 22,229,000 | 29,205,000 |
| Net interest income | 11,023,000 | 22,288,000 | 34,401,000 | 46,722,000 |
| Noninterest income | 1,992,000 | 3,682,000 | 5,135,000 | 7,394,000 |
| Noninterest expense | 8,241,000 | 15,902,000 | 23,402,000 | 31,708,000 |
| Provision for loan losses | 11,000 | -507,000 | -510,000 | -718,000 |
| Pretax income | 4,793,000 | 10,424,000 | 16,604,000 | 23,004,000 |
| Income tax | 766,000 | 1,803,000 | 2,954,000 | 4,349,000 |
| Net income | 4,027,000 | 8,621,000 | 13,650,000 | 18,655,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 184,858,000 | 186,304,000 | 189,655,000 | 191,894,000 |
| Total capital | 193,463,000 | 194,830,000 | 198,564,000 | 200,817,000 |
| Risk-weighted assets | 1,057,598,000 | 1,055,467,000 | 1,061,682,000 | 1,079,811,000 |