VABK on Nasdaq
Virginia National Bankshares Corp
American national commercial bank based in Charlottesville, active since 2013. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerVABK on Nasdaq2
- IndustryNational Commercial Banks2
- HeadquartersCharlottesville, United States2
- Incorporated inVA3
- Business address404 People Place, Charlottesville, Va 229113
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formStock Corporation2
- LEI5493005LXSLNF92BF0972
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O DONNA G SHEWMAKE, 22911 Charlottesville, United States2
- Registered withState Corporation Commission, 076138392
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Factors that could cause the Company's actual results to differ materially from those in the forward-looking statements include, but are not limited to, the following:4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Loans, including fees | $69.6M | $66.5M |
| Federal funds sold | $835.0K | $765.0K |
| Other interest bearing deposits | $174.0K | $206.0K |
| Taxable | $4.9M | $6.7M |
| Tax exempt | $1.3M | $1.3M |
| Dividends | $450.0K | $431.0K |
| Total interest and dividend income | $77.2M | $75.9M |
| Demand deposits | $270.0K | $272.0K |
| Money market and savings deposits | $12.0M | $11.8M |
| Certificates and other time deposits | $11.3M | $15.4M |
| Borrowings | $1.9M | $1.7M |
| Federal funds purchased | $28.0K | $29.0K |
| Junior subordinated debt | $301.0K | $346.0K |
| Total interest expense | $25.7M | $29.6M |
| Net interest income | $51.5M | $46.4M |
| Provision for (recovery of) credit losses | $137.0K | -$600.0K |
| Net interest income after provision for (recovery of) credit losses | $51.4M | $47.0M |
| Wealth management fees | $894.0K | $1.2M |
| Deposit account fees | $1.3M | $1.4M |
| Debit/credit card and ATM fees | $1.4M | $1.9M |
| Bank owned life insurance income | $1.2M | $1.2M |
| Gains on sale of assets, net | $278.0K | $36.0K |
| Gain on early redemption of debt | $0 | $904.0K |
| Losses on sales of AFS, net | $0 | -$4.0K |
| Other | $1.0M | $1.1M |
| Total noninterest income | $6.1M | $7.6M |
| Salaries and employee benefits | $15.7M | $15.9M |
| Net occupancy | $3.5M | $3.7M |
| Equipment | $755.0K | $720.0K |
| Bank franchise tax | $1.7M | $1.5M |
| Computer software | $1.1M | $917.0K |
| Data processing | $2.0M | $2.6M |
| FDIC deposit insurance assessment | $785.0K | $700.0K |
| Marketing, advertising and promotion | $761.0K | $730.0K |
| Professional fees | $1.1M | $894.0K |
| Core deposit intangible amortization | $1.1M | $1.3M |
| Other | $4.8M | $4.7M |
| Total noninterest expense | $33.4M | $33.7M |
| Income before income taxes | $24.1M | $20.9M |
| Provision for income taxes | $4.8M | $3.9M |
| Net income | $19.3M | $17.0M |
| Net income per common share, basic | $3.57 | $3.16 |
| Net income per common share, diluted | $3.55 | $3.15 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.10
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $5.8M | $5.3M | |
| Interest bearing deposits in other banks | $10.6M | $11.8M | |
| Federal funds sold | $54.3M | $0 | |
| Available for sale, at fair value | $248.0M | $263.5M | |
| Restricted securities, at cost | $6.2M | $6.2M | |
| Total securities | $254.2M | $269.7M | |
| Loans | $1.2B | $1.2B | |
| Allowance for credit losses | -$8.3M | -$8.5M | -$8.4M |
| Loans, net | $1.2B | $1.2B | |
| Premises and equipment, net | $11.7M | $15.4M | |
| Bank owned life insurance | $41.3M | $40.1M | |
| Goodwill | $7.8M | $7.8M | |
| Right of use asset, net | $6.3M | $5.6M | |
| Deferred tax asset, net | $12.1M | $15.4M | |
| Accrued interest receivable and other assets | $13.8M | $14.5M | |
| Total assets | $1.6B | $1.6B | |
| Noninterest bearing | $362.3M | $374.1M | |
| Interest bearing | $308.3M | $303.4M | |
| Money market and savings deposit accounts | $469.8M | $437.6M | |
| Certificates of deposit and other time deposits | $291.3M | $308.4M | |
| Total deposits | $1.4B | $1.4B | |
| Federal funds purchased | $0 | $236.0K | |
| Borrowings | $20.0M | $20.0M | |
| Junior subordinated debt | $3.6M | $3.5M | |
| Lease liability | $6.2M | $5.4M | |
| Accrued interest payable and other liabilities | $4.1M | $3.8M | |
| Total liabilities | $1.5B | $1.5B | |
| Common stock, $2.50 par value | $13.3M | $13.3M | |
| Capital surplus | $107.3M | $106.4M | |
| Retained earnings | $94.2M | $82.5M | |
| Accumulated other comprehensive loss | -$30.7M | -$41.9M | |
| Total shareholders' equity | $184.2M | $160.3M | $153.0M |
| Total liabilities and shareholders' equity | $1.6B | $1.6B | |
| Common stock, shares outstanding | 5.4M shares | 5.4M shares | |
| Common stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Preferred stock, shares authorized | 2.0M shares | 2.0M shares | |
| Preferred stock, par value per share | $2.50 | $2.50 | |
| Common stock, par value per share | $2.50 | $2.50 |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $5.8M | $5.3M | |
| Interest bearing deposits in other banks | $10.6M | $11.8M | |
| Federal funds sold | $54.3M | $0 | |
| Available for sale, at fair value | $248.0M | $263.5M | |
| Restricted securities, at cost | $6.2M | $6.2M | |
| Total securities | $254.2M | $269.7M | |
| Loans | $1.2B | $1.2B | |
| Allowance for credit losses | -$8.3M | -$8.5M | -$8.4M |
| Loans, net | $1.2B | $1.2B | |
| Premises and equipment, net | $11.7M | $15.4M | |
| Bank owned life insurance | $41.3M | $40.1M | |
| Goodwill | $7.8M | $7.8M | |
| Right of use asset, net | $6.3M | $5.6M | |
| Deferred tax asset, net | $12.1M | $15.4M | |
| Accrued interest receivable and other assets | $13.8M | $14.5M | |
| Total assets | $1.6B | $1.6B | |
| Noninterest bearing | $362.3M | $374.1M | |
| Interest bearing | $308.3M | $303.4M | |
| Money market and savings deposit accounts | $469.8M | $437.6M | |
| Certificates of deposit and other time deposits | $291.3M | $308.4M | |
| Total deposits | $1.4B | $1.4B | |
| Federal funds purchased | $0 | $236.0K | |
| Borrowings | $20.0M | $20.0M | |
| Junior subordinated debt | $3.6M | $3.5M | |
| Lease liability | $6.2M | $5.4M | |
| Accrued interest payable and other liabilities | $4.1M | $3.8M | |
| Total liabilities | $1.5B | $1.5B | |
| Common stock, $2.50 par value | $13.3M | $13.3M | |
| Capital surplus | $107.3M | $106.4M | |
| Retained earnings | $94.2M | $82.5M | |
| Accumulated other comprehensive loss | -$30.7M | -$41.9M | |
| Total shareholders' equity | $184.2M | $160.3M | $153.0M |
| Total liabilities and shareholders' equity | $1.6B | $1.6B | |
| Common stock, shares outstanding | 5.4M shares | 5.4M shares | |
| Common stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Preferred stock, shares authorized | 2.0M shares | 2.0M shares | |
| Preferred stock, par value per share | $2.50 | $2.50 | |
| Common stock, par value per share | $2.50 | $2.50 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $19.3M | $17.0M |
| Provision for (recovery of) credit losses | $137.0K | -$600.0K |
| Net accretion of certain acquisition-related adjustments | -$2.0M | -$2.6M |
| Amortization of intangible assets | $1.1M | $1.3M |
| Net amortization of securities | $805.0K | $526.0K |
| Net losses on sale of AFS | $0 | $4.0K |
| Net gain on early redemption of FHLB advances | -$904.0K | |
| Net gains on sales other assets | -$278.0K | -$36.0K |
| Bank owned life insurance income | -$1.2M | -$1.2M |
| Depreciation and other amortization | $2.9M | $3.0M |
| Deferred tax expense (benefit) | $352.0K | $10.0K |
| Stock option expense | $125.0K | $131.0K |
| Restricted stock expense | $847.0K | $838.0K |
| Accrued interest receivable and other assets | $676.0K | -$1.4M |
| Accrued interest payable and other liabilities | -$1.4M | -$801.0K |
| Net cash provided by operating activities | $21.3M | $15.3M |
| Net decrease in restricted investments | $21.0K | $2.2M |
| Proceeds from maturities, calls and principal payments of available for sale securities | $28.9M | $154.2M |
| Net decrease (increase) in loans | $176.0K | -$140.0M |
| Proceeds from sale of premises and equipment | $3.3M | $104.0K |
| Purchase of bank premises and equipment, net | -$582.0K | -$733.0K |
| Net cash provided by investing activities | $31.8M | $15.8M |
| Net increase in demand deposits, NOW accounts, and money market accounts | $25.3M | $24.6M |
| Net decrease in certificates of deposit and other time deposits | -$17.1M | -$10.1M |
| Net decrease in Federal funds purchased | -$236.0K | -$3.2M |
| Net decrease in other borrowings | -$45.9M | |
| Proceeds from stock options exercised | $35.0K | |
| Repurchases of common stock | -$559.0K | |
| Cash dividends paid | -$7.6M | -$7.1M |
| Net cash provided by (used in) financing activities | $381.0K | -$42.3M |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | $53.5M | -$11.3M |
| Interest | $26.1M | $29.8M |
| Taxes | $4.4M | $3.6M |
| Unrealized gains (losses) on available for sale securities, net of tax | $11.2M | -$1.8M |
| Initial right-of-use assets obtained in exchange for new operating lease liabilities | $2.3M | $281.0K |
No quarter-by-quarter statement was filed.
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Leadership
Who has led Virginia National Bankshares Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
201520202025
- Chief executive officerMarc J. Bogan Apr 5, 2021 to Apr 5, 202113
- Chief executive officerGlenn W. Rust Jun 6, 2016 to Apr 5, 202114
- PresidentMarc J. Bogan Apr 5, 2021 to Apr 5, 202113
- PresidentGlenn W. Rust Aug 26, 2014 to Apr 5, 202115
- Chief financial officerCathy W. Liles Nov 26, 2025 to now16
- Chief financial officerTara Y. Harrison Mar 3, 2017 to May 2, 202417
Board members and other officers (21)
- GC, EVP & SecretaryDonna G. Shewmake Oct 4, 2021 to Nov 2, 202218
- Chief Credit Officer & EVPVirginia R. Bayes Aug 25, 2017 to May 2, 202419
- Board memberJay B. Keyser Apr 5, 2021 to now20
- Board memberKevin T. Carter Apr 5, 2021 to now21
- Board memberMarc J. Bogan Apr 5, 2021 to Apr 5, 202113
- Board memberRandolph D. Frostick Apr 5, 2021 to now22
- Board memberSterling T. Strange Iii. Apr 5, 2021 to now23
- Board memberHunter E. Craig Feb 11, 2020 to now24
- Board memberVirginia R. Bayes Feb 22, 2019 to Feb 22, 201925
- Board memberLinda M. Houston Jan 3, 2018 to now26
- Board memberGregory L. Wells May 21, 2018 to now27
- Board memberSteven W. Blaine May 21, 2018 to May 2, 202328
- Board memberH. K. Benham Iii. May 28, 2015 to Feb 26, 202129
- Board memberSusan K. Payne May 28, 2015 to Feb 26, 202130
- Board memberWilliam Bolling Izard Jr. Sep 2, 2015 to Sep 2, 201531
- Board memberNancy L. Brody Dec 10, 2015 to Dec 10, 201532
- Board memberJames T. Holland Apr 4, 2014 to May 6, 202233
- Board memberGlenn W. Rust Aug 26, 2014 to now15
- Board memberJohn J. Davies Iii. Sep 10, 2014 to Sep 10, 201434
- Board memberWilliam D. Dittmar Jr. Dec 18, 2013 to now35
- General counselDonna G. Shewmake Mar 7, 2018 to Sep 25, 202036
Timeline
Filings
183 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 50 major events, 94 insider forms, 4 large holders, 14 other. The latest 20:
- Oct 8, 20268-K EDGAR
- Aug 13, 202610-Q EDGAR
- Jul 23, 20268-K EDGAR
- Jun 29, 20268-K EDGAR
- May 15, 20268-K EDGAR
- May 15, 2026SCHEDULE 13G EDGAR
- May 12, 202610-Q EDGAR
- May 4, 20268-K EDGAR
- Apr 30, 2026DEFA14A EDGAR
- Apr 30, 2026DEF 14A EDGAR
- Apr 23, 20268-K EDGAR
- Mar 27, 202610-K EDGAR
- Mar 27, 2026SCHEDULE 13G/A EDGAR
- Mar 11, 20264 EDGAR
- Mar 11, 20263 EDGAR
- Feb 5, 20268-K EDGAR
- Feb 3, 20264 EDGAR
- Feb 3, 20264 EDGAR
- Feb 3, 20264 EDGAR
- Feb 3, 20264 EDGAR
The 183 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
32 open-market trades by officers, directors and large owners since October 2021: 32 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 25, 2024 | CARTER KEVIN TDirector | Buy | 400 | $24.75 | $9.9K | Form 4 |
| Apr 25, 2024 | HOUSTON LINDA MDirector | Buy | 1,000 | $24.99 | $25.0K | Form 4 |
| Feb 8, 2024 | Keyser Jay BDirector | Buy | 500 | $29.25 | $14.6K | Form 4 |
| Feb 7, 2024 | Rust Glenn WPresident and CEO | Buy | 685 | $29.02 | $19.9K | Form 4 |
| Feb 7, 2024 | Wells Gregory LDirector | Buy | 910 | $29.66 | $27.0K | Form 4 |
| May 11, 2023 | ADAMS JOHN BUCHANAN JRDirector | Buy | 170 | $29.71 | $5.1K | Form 4 |
| May 10, 2023 | CARTER KEVIN TDirector | Buy | 210 | $29.80 | $6.3K | Form 4 |
| May 9, 2023 | Keyser Jay BDirector | Buy | 500 | $29.47 | $14.7K | Form 4 |
| May 9, 2023 | Rust Glenn WPresident and CEO | Buy | 170 | $29.15 | $5.0K | Form 4 |
| May 5, 2023 | Frostick Randolph DDirector | Buy | 140 | $30.50 | $4.3K | Form 4 |
| May 3, 2023 | BAYES VIRGINIA RChief Banking Officer & EVP | Buy | 2,000 | $30.70 | $61.4K | Form 4 |
| May 3, 2023 | Rust Glenn WPresident and CEO | Buy | 229 | $30.90 | $7.1K | Form 4 |
| May 3, 2023 | Dittmar William D Jr.Director | Buy | 1,228 | $30.94 | $38.0K | Form 4 |
| May 2, 2023 | Dittmar William D Jr.Director | Buy | 1,772 | $30.91 | $54.8K | Form 4 |
| Feb 22, 2023 | Keyser Jay BDirector | Buy | 300 | $39.50 | $11.8K | Form 4 |
| Sep 7, 2022 | Dittmar William D Jr.Director | Buy | 49 | $33.00 | $1.6K | Form 4 |
| Sep 6, 2022 | Dittmar William D Jr.Director | Buy | 458 | $33.00 | $15.1K | Form 4 |
| Sep 2, 2022 | Dittmar William D Jr.Director | Buy | 445 | $33.00 | $14.7K | Form 4 |
| Sep 1, 2022 | Dittmar William D Jr.Director | Buy | 896 | $33.00 | $29.6K | Form 4 |
| Aug 24, 2022 | Rust Glenn WPresident and CEO | Buy | 1,000 | $33.33 | $33.3K | Form 4 |
All 32 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- ENDEAVOUR CAPITAL ADVISORS INCSCHEDULE 13G, 1 filing May 15, 202637
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Feb 13, 2024 to Mar 27, 202638
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 91. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARGlenn W. Rust, President
- 16
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- 20SEC EDGARJay B. Keyser, Board member
- 21SEC EDGARKevin T. Carter, Board member
- 22SEC EDGARRandolph D. Frostick, Board member
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- 24SEC EDGARHunter E. Craig, Board member
- 25SEC EDGARVirginia R. Bayes, Board member
- 26SEC EDGARLinda M. Houston, Board member
- 27SEC EDGARGregory L. Wells, Board member
- 28SEC EDGARSteven W. Blaine, Board member
- 29SEC EDGARH. K. Benham Iii., Board member
- 30SEC EDGARSusan K. Payne, Board member
- 31
- 32SEC EDGARNancy L. Brody, Board member
- 33SEC EDGARJames T. Holland, Board member
- 34SEC EDGARJohn J. Davies Iii., Board member
- 35SEC EDGARWilliam D. Dittmar Jr., Board member
- 36SEC EDGARDonna G. Shewmake, General counsel
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