The bank maintains a conservative capital structure with an equity-to-assets ratio of 0.11, providing a stable buffer against its $1.5 billion concentration in investment securities.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 |
|---|
| Cash & Short Term Investments | 134.42M | 60.06M | 29.14M | 448.99M | 578.28M | 660.19M | 182.2M | 128.95M | 73.13M | 78.89M | 66.71M | 89M | 154.65M | 145.9M | 126.5M | 0 | 0 | 0 | 0 | 0 | 14.86M | 14.36M | 6.96M | 9.28M | 7.18M | 4.91M |
| Cash & Due from Banks | 8.5M | 5.8M | 17.1M | 28.39M | 40.09M | 356.38M | 8.12M | 14.91M | 11.74M | 11.39M | 10.05M | 14.2M | 12.83M | 12.87M | 15.65M | 0 | 0 | 0 | 0 | 0 | 14.86M | 14.36M | 6.96M | 9.28M | 7.18M | 4.91M |
| Short Term Investments | 3.51M | 54.26M | 12.03M | 420.6M | 538.19M | 303.82M | 174.09M | 114.04M | 61.39M | 67.5M | 56.66M | 74.8M | 141.82M | 133.03M | 110.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 1.54B | 1.55B | 1.49B | 1.5B | 1.47B | 1.36B | 778.04M | 649.37M | 593.69M | 592.24M | 535.11M | 494.9M | 451.91M | 429.7M | 398.44M | 0 | 0 | 0 | 6M | 0 | 249.08M | 250.87M | 217.32M | 186.32M | 146.18M | 109.54M |
| Investments Growth % | 10.28% | 3.84% | -0.92% | 2.37% | 8.17% | 74.68% | 19.82% | 9.38% | 0.24% | 10.68% | 8.13% | 9.51% | 5.17% | 7.85% | - | - | - | -100% | - | -100% | -0.71% | 15.43% | 16.64% | 27.46% | 33.44% | - |
| Long-Term Investments | 5.99B | 1.49B | 1.48B | 1.08B | 931.83M | 1.06B | 603.95M | 535.32M | 532.3M | 524.74M | 478.45M | 420.1M | 310.09M | 296.67M | 287.58M | 0 | 0 | 0 | 6M | 0 | 249.08M | 250.87M | 217.32M | 186.32M | 146.18M | 109.54M |
| Accounts Receivables | 0 | 0 | 0 | 14.29M | 13.51M | 13.3M | 6.34M | 9.16M | 5.87M | 6.42M | 6.7M | 5.24M | 5.8M | 16.79M | 11.11M | 0 | 0 | 0 | 0 | 0 | 4.75M | 3.63M | 2.99M | 2.35M | 1.67M | 1.31M |
| Goodwill & Intangibles | 10.2M | 10.45M | 11.56M | 12.86M | 14.35M | 16.68M | 713K | 780K | 849K | 951K | 1.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 7.77M | 7.77M | 7.77M | 7.77M | 7.77M | 8.14M | 372K | 372K | 372K | 372K | 372K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.44M | 2.68M | 3.79M | 5.09M | 6.59M | 8.54M | 341K | 408K | 477K | 579K | 680K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 17.59M | 17.98M | 20.93M | 22.94M | 24.34M | 32.68M | 8.77M | 6.14M | 7.04M | 7.37M | 8.05M | 8.67M | 9.46M | 9.82M | 10.65M | 10.7M | 11.78M | 13.21M | 14.25M | 10.59M | 4.55M | 3.54M | 3.64M | 4.09M | 4.14M | 4.28M |
| Other Assets | -1.54B | -1.49B | 60.77M | 47.29M | 43.73M | 189.26M | 46.44M | 22.27M | 25.61M | 25.52M | 44.08M | 44.48M | 57.05M | 43.81M | 71.76M | -12.56M | 358.5M | 347.16M | 291.76M | 261M | 29.28M | 12.93M | 46.09M | 11.7M | 11.44M | 22.58M |
| Total Current Assets | 8.5M | 5.8M | 29.14M | 463.27M | 591.78M | 673.5M | 188.54M | 138.11M | 79M | 85.31M | 73.41M | 94.24M | 160.45M | 162.68M | 137.61M | 0 | 85.89M | 78.98M | 87.67M | 75.37M | 19.61M | 17.99M | 9.95M | 11.63M | 8.85M | 6.22M |
| Total Non-Current Assets | 40.21M | 40.51M | 1.59B | 1.18B | 1.03B | 1.3B | 659.87M | 564.52M | 565.8M | 558.58M | 531.62M | 473.25M | 376.6M | 350.31M | 369.99M | -100K | 372.89M | 362.7M | 313.89M | 273.28M | 282.9M | 267.34M | 267.06M | 202.11M | 161.76M | 136.4M |
| Total Assets | 1.65B | 1.65B | 1.62B | 1.65B | 1.62B | 1.97B | 848.41M | 702.63M | 644.8M | 643.89M | 605.03M | 567.62M | 537.05M | 512.99M | 507.61M | 464M | 458.78M | 441.68M | 401.57M | 348.66M | 302.51M | 285.33M | 277M | 213.75M | 170.61M | 142.62M |
| Asset Growth % | 6.27% | 2.04% | -1.77% | 1.4% | -17.69% | 132.46% | 20.75% | 8.97% | 0.14% | 6.42% | 6.59% | 5.69% | 4.69% | 1.06% | 9.4% | 1.14% | 3.87% | 9.99% | 15.18% | 15.25% | 6.02% | 3% | 29.6% | 25.28% | 19.63% | - |
| Return on Assets (ROA) | 1.23% | 1.18% | 1.04% | 1.18% | 1.3% | 0.71% | 1.03% | 0.99% | 1.31% | 1.05% | 0.98% | 0.57% | 0.36% | 1.35% | 1.13% | 0.51% | 0.9% | 0.46% | 0.03% | 0.45% | 0.91% | 1.1% | 0.79% | 0.71% | 0.49% | 0.52% |
| Accounts Payable | 0 | 0 | 0 | 3.95M | 2.02M | 3.55M | 1.46M | 5.31M | 1.52M | 1.73M | 1.63M | 1.57M | 1.71M | 8.21M | 4.25M | 700K | 0 | 0 | 0 | 0 | 1.31M | 762K | 748K | 406K | 316K | 536K |
| Total Debt | 29.4M | 29.75M | 29.13M | 79.92M | 9.59M | 10.47M | 33.59M | 0 | 0 | 34.09M | 19.7M | 23.16M | 18M | 16.3M | 4M | 2.6M | 1.8M | 3.61M | 2.84M | 11.11M | 9.55M | 9.31M | 6.26M | 6.57M | 6.35M | 8.51M |
| Net Debt | 20.9M | 23.95M | 12.03M | 51.53M | -30.5M | -345.9M | 25.47M | -14.91M | -11.74M | 22.7M | 9.65M | 8.96M | 5.16M | 3.43M | -11.65M | 2.6M | 1.8M | 3.61M | 2.84M | 11.11M | -5.3M | -5.05M | -694K | -2.71M | -834K | 3.6M |
| Long-Term Debt | 23.57M | 23.55M | 23.51M | 69.96M | 3.41M | 3.37M | 30M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 236K | 3.46M | 0 | 0 | 0 | 0 | 0 | 34.09M | 19.7M | 23.16M | 18M | 16.3M | 4M | 2.6M | 1.8M | 3.61M | 2.84M | 11.11M | 9.55M | 9.31M | 6.26M | 6.57M | 6.35M | 8.51M |
| Other Liabilities | 1.43B | 4.1M | 3.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 153M | 126.11M | 119.97M | 66.79M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 1.43B | 1.43B | 1.42B | 1.42B | 1.48B | 1.8B | 732.22M | 626.52M | 574.06M | 578.78M | 545.98M | 511.19M | 476.42M | 454.96M | 453.67M | 3.3M | 259.78M | 274.28M | 242.92M | 245.71M | 270.92M | 257.42M | 252.9M | 191.29M | 150.29M | 124.38M |
| Total Non-Current Liabilities | 1.46B | 33.85M | 32.74M | 76.46M | 9.59M | 10.47M | 33.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 153.48M | 126.5M | 120.36M | 66.85M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.46B | 1.47B | 1.46B | 1.49B | 1.49B | 1.81B | 765.81M | 626.52M | 574.06M | 578.78M | 545.98M | 511.24M | 476.42M | 455.04M | 453.67M | 415.1M | 413.26M | 400.78M | 363.28M | 312.55M | 270.92M | 257.42M | 252.9M | 191.29M | 150.29M | 124.38M |
| Total Equity | 186.5M | 184.16M | 160.3M | 153.04M | 133.42M | 161.99M | 82.6M | 76.11M | 70.74M | 65.11M | 59.05M | 56.38M | 60.63M | 57.96M | 53.94M | 48.9M | 45.52M | 40.9M | 38.29M | 36.1M | 31.59M | 27.91M | 24.1M | 22.46M | 20.32M | 18.23M |
| Equity Growth % | 44.38% | 14.88% | 4.75% | 14.71% | -17.64% | 96.11% | 8.53% | 7.58% | 8.66% | 10.25% | 4.73% | -7% | 4.62% | 7.45% | 10.3% | 7.42% | 11.29% | 6.83% | 6.05% | 14.28% | 13.18% | 15.81% | 7.32% | 10.53% | 11.45% | - |
| Equity / Assets (Capital Ratio) | 11.32% | 11.16% | 9.91% | 9.3% | 8.22% | 8.21% | 9.74% | 10.83% | 10.97% | 10.11% | 9.76% | 9.93% | 11.29% | 11.3% | 10.63% | 10.54% | 9.92% | 9.26% | 9.53% | 10.35% | 10.44% | 9.78% | 8.7% | 10.51% | 11.91% | 12.78% |
| Return on Equity (ROE) | 11.15% | 11.18% | 10.83% | 13.45% | 15.87% | 8.24% | 10.05% | 9.11% | 12.47% | 10.56% | 9.96% | 5.33% | 3.2% | 12.33% | 10.66% | 4.96% | 9.33% | 4.92% | 0.3% | 4.36% | 8.96% | 11.87% | 8.33% | 6.42% | 3.99% | 4.08% |
| Book Value per Share | 34.26 | 33.99 | 29.73 | 28.48 | 24.93 | 30.52 | 30.50 | 28.29 | 26.34 | 24.45 | 22.47 | 20.11 | 20.32 | 19.54 | 19.78 | 16.46 | 15.33 | 13.77 | 12.95 | 12.44 | 10.87 | 9.69 | 9.08 | 8.46 | 7.95 | 7.14 |
| Tangible BV per Share | 32.39 | 32.06 | 27.59 | 26.09 | 22.25 | 27.37 | 30.23 | 28.00 | 26.02 | 24.10 | 22.07 | 20.11 | 20.32 | 19.54 | 19.78 | 16.46 | 15.33 | 13.77 | 12.95 | 12.44 | 10.87 | 9.69 | 9.08 | 8.46 | 7.95 | 7.14 |
| Common Stock | 13.39M | 13.33M | 13.26M | 13.26M | 13.21M | 13.18M | 6.72M | 6.72M | 6.36M | 6.03M | 5.92M | 6.03M | 6.72M | 6.72M | 6.72M | 6.7M | 5.84M | 5.84M | 5.82M | 5.68M | 5.38M | 5.12M | 4.89M | 4.89M | 4.68M | 4.68M |
| Additional Paid-in Capital | 107.57M | 107.34M | 106.39M | 106.05M | 105.34M | 104.58M | 32.46M | 32.2M | 27.01M | 22.04M | 21.15M | 22.21M | 27.89M | 27.91M | 27.81M | 0 | 22.2M | 21.79M | 21.21M | 19.95M | 17.34M | 16.5M | 15.71M | 15.71M | 15.09M | 14.13M |
| Retained Earnings | 97.47M | 94.17M | 82.51M | 73.78M | 63.48M | 46.44M | 41.96M | 37.23M | 38.65M | 37.78M | 32.76M | 28.26M | 25.98M | 24.75M | 18.25M | 12.8M | 16.57M | 12.54M | 10.59M | 10.48M | 9M | 6.33M | 3.25M | 1.31M | -65K | -835K |
| Accumulated OCI | -31.94M | -30.67M | -41.86M | -40.04M | -48.62M | -2.21M | 1.46M | -43K | -1.28M | -883K | -779K | -118K | 44K | -1.43M | 1.15M | -11.5M | 917K | 738K | 669K | 2K | -130K | -217K | 81K | 377K | 441K | 251K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 175K | 175K | 175K | 175K | 0 |
Regional Real Estate Concentration
According to the provided quarterly data, VABK's total assets have remained locked at $1.6 billion for ten consecutive quarters, suggesting that the bank is currently prioritizing capital preservation and balance sheet stability over aggressive organic loan growth or further inorganic expansion following the Fauquier acquisition.
The lack of asset growth indicates that management may be struggling to deploy capital effectively in the current interest rate environment. Investors should monitor whether this stagnation reflects a deliberate defensive posture or a lack of viable lending opportunities within their core Virginia markets.
As reported in financial statements, VABK maintains an equity-to-assets ratio that has hovered between 0.09 and 0.11 over the last ten quarters, reflecting a highly conservative capital structure that provides a significant buffer against potential credit volatility in the bank's concentrated real estate portfolio.
This low leverage profile suggests that the bank is well-positioned to absorb localized economic shocks without immediate capital impairment. However, such a conservative stance may also be suppressing the bank's return on equity, warranting further investigation into whether management intends to deploy this excess capital for future growth.
Based on the reported figures, VABK holds approximately $1.5 billion in investment securities against $1.6 billion in total assets, indicating that the bank's liquidity is heavily tied to its securities portfolio rather than a traditional, high-velocity loan-to-deposit funding model.
This heavy reliance on securities suggests that the bank's liquidity profile is sensitive to interest rate fluctuations and market valuations of its bond holdings. The consistent liquidation of these securities to manage cash needs appears to be a primary mechanism for maintaining operational liquidity in the absence of robust loan growth.
As indicated by the bank's balance sheet composition, the overwhelming concentration of assets in investment securities and regional real estate warrants further investigation, as it creates a duration mismatch risk that could be exacerbated by any unexpected shifts in the local Virginia economic landscape.
While the balance sheet appears healthy on the surface, the lack of diversification in the asset base suggests that the bank is highly exposed to specific regional property market trends. Investors should monitor whether the current provision levels are sufficient to cover potential impairments if the local real estate market experiences a sustained downturn.
Quick answers to the most common questions about buying VABK stock.
As of 2025, Virginia National Bankshares Corporation (VABK) had total assets of $1.65B including $5.8M in current assets.
Virginia National Bankshares Corporation (VABK) carries total debt of $29.7M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Virginia National Bankshares Corporation (VABK) has total shareholders' equity (book value) of $184.2M ($33.99 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Virginia National Bankshares Corporation (VABK) reported a current ratio of 0.00x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.