2024 Q3 Form 10-Q Financial Statement

#000095017024097069 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $19.41M $18.66M
YoY Change 12.73% 1.81%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.073M
YoY Change -6.7%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $7.482M
YoY Change 61.63%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $5.647M $5.088M
YoY Change 3.1% -26.51%
Income Tax $1.047M $929.0K
% Of Pretax Income 18.54% 18.26%
Net Earnings $4.600M $4.159M
YoY Change -1.14% -26.4%
Net Earnings / Revenue 23.7% 22.28%
Basic Earnings Per Share $0.86 $0.77
Diluted Earnings Per Share $0.85 $0.77
COMMON SHARES
Basic Shares Outstanding 5.371M 5.371M
Diluted Shares Outstanding 5.397M 5.386M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $306.2M $308.7M
YoY Change -26.47% -39.62%
Cash & Equivalents $19.17M $17.30M
Short-Term Investments $287.1M $291.4M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $21.48M $22.11M
YoY Change 31.81% 25.85%
Goodwill $7.800M $7.800M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.55M $15.86M
YoY Change -30.88% -6.71%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.615B $1.574B
YoY Change 3.34% -0.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.113M $3.792M
YoY Change 24.64% 2.49%
Accrued Expenses $5.748M $6.102M
YoY Change -15.47% -3.14%
Deferred Revenue
YoY Change
Short-Term Debt $55.61M $32.44M
YoY Change 29.33% -45.63%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $65.47M $42.33M
YoY Change 23.3% -53.07%
LONG-TERM LIABILITIES
Long-Term Debt $3.495M $3.483M
YoY Change 2.79% 2.44%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.495M $3.483M
YoY Change 2.79% 2.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.47M $42.33M
Total Long-Term Liabilities $3.495M $3.483M
Total Liabilities $1.449B $1.420B
YoY Change 1.54% -1.53%
SHAREHOLDERS EQUITY
Retained Earnings $80.79M $77.96M
YoY Change 11.61% 12.17%
Common Stock $13.26M $13.26M
YoY Change 0.03% 0.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $165.9M $154.2M
YoY Change
Total Liabilities & Shareholders Equity $1.615B $1.574B
YoY Change 3.34% -0.65%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $4.600M $4.159M
YoY Change -1.14% -26.4%
Depreciation, Depletion And Amortization $1.073M
YoY Change -6.7%
Cash From Operating Activities -$6.369M
YoY Change -280.94%
INVESTING ACTIVITIES
Capital Expenditures $397.0K
YoY Change 52.69%
Acquisitions
YoY Change
Other Investing Activities $26.62M
YoY Change -243.28%
Cash From Investing Activities $26.23M
YoY Change -239.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -48.00M
YoY Change -580.46%
NET CHANGE
Cash From Operating Activities -6.369M
Cash From Investing Activities 26.23M
Cash From Financing Activities -48.00M
Net Change In Cash -28.14M
YoY Change 427.99%
FREE CASH FLOW
Cash From Operating Activities -$6.369M
Capital Expenditures $397.0K
Free Cash Flow -$6.766M
YoY Change -307.55%

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CY2024Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3850000
CY2023Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4062000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
8002000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
8113000
CY2024Q2 us-gaap Occupancy Net
OccupancyNet
865000
CY2023Q2 us-gaap Occupancy Net
OccupancyNet
929000
us-gaap Occupancy Net
OccupancyNet
1837000
us-gaap Occupancy Net
OccupancyNet
2108000
CY2024Q2 us-gaap Equipment Expense
EquipmentExpense
167000
CY2023Q2 us-gaap Equipment Expense
EquipmentExpense
176000
us-gaap Equipment Expense
EquipmentExpense
338000
us-gaap Equipment Expense
EquipmentExpense
394000
CY2024Q2 vabk Non Interest Expense Bank Franchise Tax
NonInterestExpenseBankFranchiseTax
345000
CY2023Q2 vabk Non Interest Expense Bank Franchise Tax
NonInterestExpenseBankFranchiseTax
313000
vabk Non Interest Expense Bank Franchise Tax
NonInterestExpenseBankFranchiseTax
685000
vabk Non Interest Expense Bank Franchise Tax
NonInterestExpenseBankFranchiseTax
637000
CY2024Q2 vabk Non Interest Expense Computer Software
NonInterestExpenseComputerSoftware
276000
CY2023Q2 vabk Non Interest Expense Computer Software
NonInterestExpenseComputerSoftware
203000
vabk Non Interest Expense Computer Software
NonInterestExpenseComputerSoftware
484000
vabk Non Interest Expense Computer Software
NonInterestExpenseComputerSoftware
405000
CY2024Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
579000
CY2023Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
806000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1318000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1548000
CY2024Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
180000
CY2023Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
220000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
375000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
320000
CY2024Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
157000
CY2023Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
275000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
405000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
650000
CY2024Q2 us-gaap Professional Fees
ProfessionalFees
190000
CY2023Q2 us-gaap Professional Fees
ProfessionalFees
198000
us-gaap Professional Fees
ProfessionalFees
442000
us-gaap Professional Fees
ProfessionalFees
390000
CY2024Q2 vabk Core Deposit Intangible Amortization
CoreDepositIntangibleAmortization
332000
CY2023Q2 vabk Core Deposit Intangible Amortization
CoreDepositIntangibleAmortization
379000
vabk Core Deposit Intangible Amortization
CoreDepositIntangibleAmortization
675000
vabk Core Deposit Intangible Amortization
CoreDepositIntangibleAmortization
770000
CY2024Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1181000
CY2023Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1003000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
2380000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
2090000
CY2024Q2 us-gaap Noninterest Expense
NoninterestExpense
8122000
CY2023Q2 us-gaap Noninterest Expense
NoninterestExpense
8564000
us-gaap Noninterest Expense
NoninterestExpense
16941000
us-gaap Noninterest Expense
NoninterestExpense
17425000
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5088000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6923000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9405000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13999000
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
929000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1272000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1600000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2557000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
4159000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
5651000
us-gaap Net Income Loss
NetIncomeLoss
7805000
us-gaap Net Income Loss
NetIncomeLoss
11442000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.77
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.45
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.14
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.77
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.45
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.13
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5377055
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5357873
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5371972
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5348040
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5385770
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5375073
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5382980
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5375545
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
4159000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
5651000
us-gaap Net Income Loss
NetIncomeLoss
7805000
us-gaap Net Income Loss
NetIncomeLoss
11442000
CY2024Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-116000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-783000
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-831000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
766000
CY2024Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-436000
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-3127000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2947000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2881000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
97000
vabk Othercomprehensiveincomelossreclassificationadjustmentfromrealizedgainlosscashflowhedgenetoftax
Othercomprehensiveincomelossreclassificationadjustmentfromrealizedgainlosscashflowhedgenetoftax
363000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
1000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
43000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-3000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-163000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
-9000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-37000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-436000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3127000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2944000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2644000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3723000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2524000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4861000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14086000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
133416000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
18000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
42000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
111000
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1762000
CY2023Q1 vabk Impact Of Adoption Of Current Expected Credit Losses
ImpactOfAdoptionOfCurrentExpectedCreditLosses
1890000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
5791000
CY2023Q1 vabk Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Including Adjustment
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentIncludingAdjustment
5771000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
141497000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
68000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
120000
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.3
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1770000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
5651000
CY2023Q2 vabk Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Including Adjustment
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentIncludingAdjustment
-3127000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
142439000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
153040000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
24000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
171000
CY2024Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
26000
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1770000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
3646000
CY2024Q1 vabk Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Including Adjustment
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentIncludingAdjustment
-2508000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
152577000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
35000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
217000
CY2024Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
533000
CY2024Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1772000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
4159000
CY2024Q2 vabk Adjustment For Capital Distribution
AdjustmentForCapitalDistribution
-83000
CY2024Q2 vabk Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Including Adjustment
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentIncludingAdjustment
-436000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
154164000
us-gaap Net Income Loss
NetIncomeLoss
7805000
us-gaap Net Income Loss
NetIncomeLoss
11442000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-360000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
13000
vabk Net Accretion Of Certain Acquisition Related Adjustments
NetAccretionOfCertainAcquisitionRelatedAdjustments
1139000
vabk Net Accretion Of Certain Acquisition Related Adjustments
NetAccretionOfCertainAcquisitionRelatedAdjustments
4671000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
675000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
770000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-120000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1117000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-4000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-206000
vabk Gain Loss On Early Redemption Of Debt
GainLossOnEarlyRedemptionOfDebt
379000
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
36000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
564000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
513000
vabk Depreciation And Other Amortization
DepreciationAndOtherAmortization
1479000
vabk Depreciation And Other Amortization
DepreciationAndOtherAmortization
1654000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
59000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
110000
us-gaap Restricted Stock Expense
RestrictedStockExpense
388000
us-gaap Restricted Stock Expense
RestrictedStockExpense
231000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
10859000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-344000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-443000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1648000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3250000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10117000
us-gaap Increase Decrease Of Restricted Investments
IncreaseDecreaseOfRestrictedInvestments
-1718000
us-gaap Increase Decrease Of Restricted Investments
IncreaseDecreaseOfRestrictedInvestments
2301000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
10000000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
132041000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
78930000
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
64393000
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
34282000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
104000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
962000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
428000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
501000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
69042000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
32808000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-52166000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-240112000
vabk Increase Decrease In Certificate Of Deposit And Other Time Deposits
IncreaseDecreaseInCertificateOfDepositAndOtherTimeDeposits
16909000
vabk Increase Decrease In Certificate Of Deposit And Other Time Deposits
IncreaseDecreaseInCertificateOfDepositAndOtherTimeDeposits
109856000
us-gaap Increase Decrease In Federal Funds Purchased
IncreaseDecreaseInFederalFundsPurchased
1024000
us-gaap Increase Decrease In Federal Funds Purchased
IncreaseDecreaseInFederalFundsPurchased
-20503000
vabk Net Increase Decrease In Other Borrowings
NetIncreaseDecreaseInOtherBorrowings
-36500000
vabk Net Increase Decrease In Other Borrowings
NetIncreaseDecreaseInOtherBorrowings
59666000
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
479000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
18000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
559000
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
3542000
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
3532000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-76882000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-53122000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11090000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10197000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
28390000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
40136000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17300000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
29939000
us-gaap Interest Paid Net
InterestPaidNet
15127000
us-gaap Interest Paid Net
InterestPaidNet
2705000
us-gaap Income Taxes Paid
IncomeTaxesPaid
1530000
us-gaap Income Taxes Paid
IncomeTaxesPaid
2134000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-3727000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
3852000
vabk Right Of Use Assets Obtained In Exchange For New Operating Lease Liabilities
RightOfUseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities
281000
CY2024Q2 vabk Annual Revenue Share Amount Period
AnnualRevenueShareAmountPeriod
P6Y
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;min-width:fit-content;">Reclassifications:</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> If needed, certain previously reported amounts have been reclassified to conform to current period presentation. No such reclassifications were considered material.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> </span></p>
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
339114000
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
73000
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
54489000
CY2024Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
284698000
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
471284000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
238000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
50927000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
420595000
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
278500000
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
274
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
54500000
CY2024Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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FilingSummary.xml Edgar Link unprocessable