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VABK on Nasdaq

Virginia National Bankshares Corp

Virginia National Bankshares Corp is an American national commercial bank based in Charlottesville, active since 2013.2 Its shares trade on Nasdaq under the symbol VABK.2

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Last updated Oct 21, 2026.

Overview

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  • 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

Net income5678910$19.3M in 2025+188% since 2019
0$10.0M$20.0M$30.0M2019: $6.7M$6.7M20192020: $8.0M$8.0M2020+19%2021: $10.1M$10.1M2021+26%2022: $23.4M$23.4M2022+133%2023: $19.3M$19.3M2023−18%2024: $17.0M$17.0M2024−12%2025: $19.3M$19.3M2025+14%

Every line of the income statement as filed: the last 2 fiscal years, latest first.10

Period ending2025-12-312024-12-31
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

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Corporate structure

Virginia National Bankshares Corp sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Virginia National Bankshares Corp

  • ENDEAVOUR CAPITAL ADVISORS INC Filed SCHEDULE 13G on Virginia National Bankshares Corp, latest May 15, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Virginia National Bankshares Corp, latest Mar 27, 2026 (2 filings since Feb 13, 2024)
  • BlackRock Filed SC 13G on Virginia National Bankshares Corp, latest Feb 2, 2024
  • Virginia National Bankshares Corp Charlottesville, Virginia, United States
    • Virginia National Bank Subsidiary · Charlottesville, Virginia, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Virginia National Bankshares Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$37.8M10 Dec 31, 2025$40.7M10 Dec 31, 2024−7.0%
Accumulated depreciation$26.1M10 Dec 31, 2025$25.3M10 Dec 31, 2024+3.4%
Property and equipment, net$11.7M10 Dec 31, 2025$15.4M10 Dec 31, 2024−24.0%
Operating-lease assets (leased space)$6.3M10 Dec 31, 2025$5.6M10 Dec 31, 2024+13.4%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$248.0M10 Dec 31, 2025$263.5M10 Dec 31, 2024−5.9%
Debt securities held to maturity$010 Dec 31, 2025$010 Dec 31, 2024
Deposits held (banks)$1.4B10 Dec 31, 2025$1.4B10 Dec 31, 2024+0.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$7.8M10 Dec 31, 2025$7.8M10 Dec 31, 20240%

Properties, in its own words

The Company and its subsidiaries currently occupy twelve full-service and one limited-service banking facilities in the cities of Charlottesville, Manassas, Richmond and Winchester, and the counties of Albemarle, Fauquier and Prince William. The Company’s main office, a full-service banking facility and operations center, is located at 404 People Place, Charlottesville, Virginia. VNB Trust and Estate Services is located at 103 Third Street, SE, Charlottesville, Virginia. Of the thirteen locations used as bank branches, five of the buildings are owned by the Company, six are leased from nonaffiliates and two are leased from affiliates described below. Leases with affiliates are described below.

The five-story building located at 404 People Place, Charlottesville, Virginia, just east of the Charlottesville city limits on Pantops Mountain, was constructed by the Bank on a pad site leased in 2005 from Pantops Park, LLC for a term of twenty years, with seven five-year renewal options. During the second quarter of 2025, the Company extended the ground lease associated with the Pantops headquarters for an additional five-year period. William D. Dittmar, Jr., a director of the Company and the Bank, is the manager and indirect owner of Pantops Park, LLC. The building, consisting of approximately 43,000 square feet, was completed in early 2008, and the Bank opened this full-service office in April 2008. In addition to the Company’s use of this building as outlined in the preceding paragraph, a portion of the additional space is leased to tenants.

The rest of Item 2

The drive-through location at 301 East Water Street, Charlottesville, which is a limited-service banking facility, and the adjoining office space located at 112 Third Street, SE, Charlottesville Virginia is leased from East Main Investments, LLC. Hunter E. Craig, a director of the Company and the Bank, serves as manager of East Main Investments, LLC, which is owned by Mr. Craig and his spouse.

See Note 6 – Premises and Equipment and Note 7 – Leases in the Notes to Consolidated Financial Statements in Item 8. Financial Statements and Supplementary Data for information with respect to the amounts at which the Company’s premises and equipment are carried and commitments under long-term leases. The Company believes its properties are in good operating condition and are adequate for the Company's present and anticipated future needs.

Item 2 of the 10-K filed Mar 27, 2026.4

Leadership

Who has led Virginia National Bankshares Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Glenn W. Rust2016–2021
  2. Marc J. Bogan2021

President

  1. Glenn W. Rust2014–2021
  2. Marc J. Bogan2021

Chief financial officer

  1. Tara Y. Harrison2017–2024
  2. Cathy W. Liles2025–now
201520202025
Board members and other officers (21)

Timeline

  1. Oct 8, 20268-K Other events37
  2. Jul 23, 20268-K Results of operations; Other events38
  3. Jun 29, 20268-K Shareholder vote39
  4. May 15, 20268-K Executive or director change40
  5. May 4, 20268-K Other events41
  6. Apr 23, 20268-K Results of operations; Other events42
  7. Feb 5, 20268-K Executive or director change43
  8. Jan 29, 20268-K Results of operations; Other events44
  9. Nov 19, 20258-K Executive or director change45
  10. Oct 23, 20258-K Results of operations; Other events46
  11. Jul 25, 20258-K Shareholder vote47
  12. Jul 24, 20258-K Results of operations; Other events48
  13. Apr 5, 2021New chief executive Marc J. Bogan becomes CEO13
  14. Jun 6, 2016New chief executive Glenn W. Rust becomes CEO14
  15. Feb 21, 2013Founded Virginia National Bankshares Corp is founded2

Calendar

Coming up

  1. Oct 22, 2026Reports results for the quarter ending Sep/202649

When it reported results

  1. Jul 23, 2026Reported quarterly or annual results38
  2. Apr 23, 2026Reported quarterly or annual results42
  3. Jan 29, 2026Reported quarterly or annual results44
  4. Oct 23, 2025Reported quarterly or annual results46
  5. Jul 24, 2025Reported quarterly or annual results48
  6. Apr 24, 2025Reported quarterly or annual results50
  7. Jan 23, 2025Reported quarterly or annual results51
  8. Oct 17, 2024Reported quarterly or annual results52

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

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:

  1. Oct 8, 20268-K EDGAR
  2. Aug 13, 202610-Q EDGAR
  3. Jul 23, 20268-K EDGAR
  4. Jun 29, 20268-K EDGAR
  5. May 15, 20268-K EDGAR
  6. May 15, 2026SCHEDULE 13G EDGAR
  7. May 12, 202610-Q EDGAR
  8. May 4, 20268-K EDGAR
  9. Apr 30, 2026DEFA14A EDGAR
  10. Apr 30, 2026DEF 14A EDGAR
  11. Apr 23, 20268-K EDGAR
  12. Mar 27, 202610-K EDGAR
  13. Mar 27, 2026SCHEDULE 13G/A EDGAR
  14. Mar 11, 20264 EDGAR
  15. Mar 11, 20263 EDGAR
  16. Feb 5, 20268-K EDGAR
  17. Feb 3, 20264 EDGAR
  18. Feb 3, 20264 EDGAR
  19. Feb 3, 20264 EDGAR
  20. 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.

DateWhoTradeSharesPriceValueFiling
Apr 25, 2024CARTER KEVIN TDirectorBuy400$24.75$9.9KForm 4
Apr 25, 2024HOUSTON LINDA MDirectorBuy1,000$24.99$25.0KForm 4
Feb 8, 2024Keyser Jay BDirectorBuy500$29.25$14.6KForm 4
Feb 7, 2024Rust Glenn WPresident and CEOBuy685$29.02$19.9KForm 4
Feb 7, 2024Wells Gregory LDirectorBuy910$29.66$27.0KForm 4
May 11, 2023ADAMS JOHN BUCHANAN JRDirectorBuy170$29.71$5.1KForm 4
May 10, 2023CARTER KEVIN TDirectorBuy210$29.80$6.3KForm 4
May 9, 2023Keyser Jay BDirectorBuy500$29.47$14.7KForm 4
May 9, 2023Rust Glenn WPresident and CEOBuy170$29.15$5.0KForm 4
May 5, 2023Frostick Randolph DDirectorBuy140$30.50$4.3KForm 4
May 3, 2023BAYES VIRGINIA RChief Banking Officer & EVPBuy2,000$30.70$61.4KForm 4
May 3, 2023Rust Glenn WPresident and CEOBuy229$30.90$7.1KForm 4
May 3, 2023Dittmar William D Jr.DirectorBuy1,228$30.94$38.0KForm 4
May 2, 2023Dittmar William D Jr.DirectorBuy1,772$30.91$54.8KForm 4
Feb 22, 2023Keyser Jay BDirectorBuy300$39.50$11.8KForm 4
Sep 7, 2022Dittmar William D Jr.DirectorBuy49$33.00$1.6KForm 4
Sep 6, 2022Dittmar William D Jr.DirectorBuy458$33.00$15.1KForm 4
Sep 2, 2022Dittmar William D Jr.DirectorBuy445$33.00$14.7KForm 4
Sep 1, 2022Dittmar William D Jr.DirectorBuy896$33.00$29.6KForm 4
Aug 24, 2022Rust Glenn WPresident and CEOBuy1,000$33.33$33.3KForm 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.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Glenn W. Rust$500.0K$1.0M56
2025Virginia R. Bayes$398.6K$450.9K56
2025Larry K. Pitchford$328.6K$375.7K56
2024President and Chief Executive Officer (Principal Executive Officer)$500.0K$1.0M56
2024Chief Banking OfficerExecutive Vice President and Corporate Secretary$365.1K$478.7K56

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.

FundSharesValueShare of the fundChange
BlackRock, Inc.314,954$14.0M0.0%+29,779
Endeavour Capital Advisors Inc298,750$13.3M2.7%No change
Atlantic Union Bankshares Corp242,242$10.8M0.2%No change
Manufacturers Life Insurance Company, The207,431$9.2M0.0%−1,552
Vanguard Capital Management LLC202,845$9.0M0.0%−22,444
Alliancebernstein L.P.193,270$7.4M0.0%+140
Meridian Financial Partners LLC127,161$5.8M2.0%−10,499
Strategic Value Bank Partners LLC128,953$5.7M4.0%No change
Geode Capital Management, LLC125,976$5.6M0.0%+7,952
State Street Corp81,722$3.6M0.0%+179
Elizabeth Park Capital Advisors, Ltd.74,879$3.3M2.3%No change
Dimensional Fund Advisors LP56,889$2.5M0.0%+5,426
Cerity Partners LLC49,106$2.2M0.0%−10
Salzhauer Michael45,672$2.0M0.7%No change
Farther Finance Advisors, LLC45,545$2.0M0.0%+6
North Star Investment Management Corp.41,000$1.8M0.1%+19,000
Northern Trust Corp39,059$1.7M0.0%+4,414
Raffles Associates LP37,584$1.7M0.7%+18,772
Grace & White Inc /ny34,279$1.5M0.2%No change
Vanguard Portfolio Management LLC32,315$1.4M0.0%+4,840
Vanguard Fiduciary Trust Co31,215$1.4M0.0%+1,640
De Lisle Partners LLP28,769$1.3M0.1%−1,500
Royce & Associates LP26,718$1.2M0.0%No change
Kennedy Capital Management LLC26,545$1.2M0.0%New
Brown Advisory Inc20,045$889.6K0.0%−8,759

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Virginia National Bankshares Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVirginia National Bankshares Corp1
  • CIK0001572334
  • Employer ID (EIN)46-23315784
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inVirginia4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6021 National Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address404 People Place, Charlottesville, VA 229111
  • Phone434-817-76761
  • Shares outstanding5,425,282 as of Aug 6, 202612
  • Public float$174.4M as of Jun 30, 20254
  • AuditorYount, Hyde & Barbour, P.C., Roanoke, Virginia PCAOB ID 613; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 26, 20131
  • Filings488 in all: 4 (211), 8-K (136), 10-Q (38), 3 (15), 10-K (13), DEF 14A (13), 4/A (6), UPLOAD (6)1
    All 31 form types

    8-K/A (4), CORRESP (4), DEFA14A (4), SC 13G (4), SC 13G/A (4), 10-K/A (3), S-8 (3), SC 13D/A (3), 424B3 (2), 425 (2), 5 (2), DEFR14A (2), S-4/A (2), SC 13D (2), 3/A (1), 8-A12B (1), 8-K12G3 (1), CERT (1), EFFECT (1), S-4 (1), S-4EF (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 27, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Apr 30, 2026
    Latest 8-K (8-K) Oct 8, 2026

Securities registered for trading

ClassSymbolExchange
Common StockVABKNasdaq

From the cover page of the 10-K filed Mar 27, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Virginia National Bankshares Corp names in Item 1A of its 10-K filed Mar 27, 2026: 35 risks under these headings, as written.4

  • Credit Risks
  • The Company’s credit standards and its on-going credit assessment processes might not protect it from significant credit losses.
  • The Company’s ACL may be insufficient and any increases in the ACL may have a material adverse effect on the Company’s financial condition and results of operations.
  • The Company’s focus on lending to small to mid-sized community-based businesses may increase its credit risk.
  • The Company’s concentration in loans secured by real estate may increase its future credit losses, which would negatively affect the Company’s financial results.
  • The Company has a moderate concentration of credit exposure in commercial real estate and loans with this type of collateral are viewed as having higher risk of default.
  • The Company’s results of operations are significantly affected by the ability of borrowers to repay their loans.
  • Market Risks
  • The Company may be adversely impacted by changes in market conditions.
  • Weaknesses in economic or market conditions, or adverse developments in the financial services industry, could pose challenges for the Company and could adversely affect the results of operations, liquidity, and financial condition.
  • Inflation can have an adverse impact on the Company’s business and on its customers.
  • The Company’s business is subject to interest rate risk, and variations in interest rates and inadequate management of interest rate risk may negatively affect financial performance.
The other 25 risks
  • The Company relies upon independent appraisals to determine the value of the real estate that secures a significant portion of its loans and the value of any foreclosed properties that may be carried on its books, and the values indicated by such appraisals may not be realizable if it is forced to foreclose upon such loans or liquidate such foreclosed property.
  • Liquidity Risks
  • The Company’s liquidity needs could adversely affect results of operations and financial condition.
  • The Company may need to raise additional capital in the future and may not be able to do so on acceptable terms, or at all.
  • Strategic Risks
  • The Company faces strong and growing competition from financial institutions and other companies that offer banking and other financial services, which could negatively affect the Company’s business.
  • The Company may not be able to successfully manage its long-term growth, which may adversely affect its results of operations and financial condition.
  • Operational Risks
  • The Company is subject to a variety of operational risks, including reputational risk, legal and compliance risk, and the risk of fraud or theft by employees or outsiders.
  • Failure to maintain effective systems of internal and disclosure control could have a material adverse effect on the Company’s results of operation and financial condition.
  • The Company depends on the accuracy and completeness of information about customers and counterparties, and the Company’s financial condition could be adversely affected if it relies on misleading or incorrect information.
  • The Company’s success depends on its management team, and the unexpected loss of any of these personnel could adversely affect operations.
  • The Company relies on other companies to provide key components of its business infrastructure.
  • The soundness of other financial institutions could adversely affect the Company.
  • The Company’s operations may be adversely affected by cybersecurity risks.
  • Consumers may increasingly decide not to directly use banks to complete their financial transactions, which would have a material adverse impact on the Company’s financial condition and operations.
  • The Company’s ability to operate profitably may be dependent on its ability to integrate or introduce various technologies into its operations.
  • The development and use of Artificial Intelligence (“AI”) presents risks and challenges that may adversely impact the Company’s business.
  • Legal, Regulatory and Compliance Risks
  • The Company operates in a highly regulated industry and the laws and regulations that govern the Company’s operations, corporate governance, executive compensation and financial accounting, or reporting, including changes in them or the Company’s failure to comply with them, may adversely affect the Company.
  • Changes in accounting standards could impact reported earnings.
  • The Company is subject to laws regarding the privacy, information security and protection of personal information and any violation of these laws or another incident involving personal, confidential or proprietary information of individuals could damage the Company’s reputation and otherwise adversely affect its business.
  • The Company’s business and earnings are impacted by governmental, fiscal and monetary policy over which it has no control.
  • Risks Related to the Company’s Common Stock
  • The Company is not obligated to pay dividends and its ability to pay dividends is limited.
  • Future issuances of the Company’s common stock could adversely affect the market price of the common stock and could be dilutive.
  • The Company qualifies as a “smaller reporting company,” and the reduced disclosure obligations applicable to smaller reporting companies may make its common stock less attractive to investors.
  • While the Company’s common stock is currently listed on the Nasdaq Capital Market, it has less liquidity than stocks for larger companies listed on national securities exchanges.
  • General Risk Factors
  • The Company is exposed to risk of environmental liabilities with respect to properties to which it takes title.
  • Severe weather, earthquakes, other natural disasters, pandemics, endemics, acts of war or terrorism and other external events could significantly impact the Company's business.

Legal proceedings

In the ordinary course of its operations, the Company and/or its subsidiaries are parties to various legal proceedings from time-to-time. Based on the information presently available, and after consultation with legal counsel, management believes that the ultimate outcome of such proceedings, in the aggregate, will not have a material adverse effect on the business or financial condition of the Company and its subsidiaries.

The opening of Item 3, Legal Proceedings.4

Sources

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