Virginia National Bank

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Virginia National Bank Locations

Deposit Rates - May 8, 2021

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34755
Date Established 1998
Assets $ 848.73 million
Loans $ 603.95 million
Deposits $ 732.62 million
Capital $ 81.92 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 34.70 million
Interest-bearing balances $ 26.58 million
Total securities $ 174.09 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 603.95 million
Loan loss allowance $ 5.46 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.71 million
All other assets $ 26.55 million
     Total Assets $ 766.81 million

LIABILITIES
Total deposits $ 732.62 million
      Interest-bearing deposits $ 520.99 million
      Deposits held in domestic offices $ 732.62 million
      % insured (estimated) 68.57%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 33.59 million
Subordinated debt N.A.
All other liabilities $ 0.60 millionn
      Total Liabilities $ 766.81 million
      Shareholders’ Equity $ 81.92 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 27.23 million
Total Interest Expense $ 3.35 million
Net interest income $ 23.88 million
Provision for loan and lease losses $ 1.62 million
Total non interest income $ 5.41 million
Total non interest expense $ 16.85 million
Pre-tax Net Operating Income $ 10.82 million

Virginia National Bank is an FDIC insured institution headquartered at 222 East Main Street, Charlottesville, VA 22902.
It was founded in 1998 and has approximately $1 billion in assets. Customers can open an account at one of its 9 branches.