{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-013179","form_type":"8-K","ticker":"VABK","cik":"0001572334","company_name":"Virginia National Bankshares Corp","filed_at":"2023-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.464104+00:00","generated_at":"2026-06-17T00:43:37.890854+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Virginia National Bank posts Q1 net income $5.8M, EPS $1.08, up 18% YoY","bullets":["Net income $5.8M ($1.08 diluted) vs $4.9M ($0.92) prior year; ROAA 1.48% vs 1.03%.","Efficiency ratio improved to 56.2% from 62.0%; cost synergies from Fauquier merger continue.","Adopted CECL Jan 1, 2023: retained earnings reduced $1.9M, ACL up $2.5M; recorded $248K recovery in Q1.","No brokered deposits; ICS deposits $126.4M, stable from Q4 2022.","Headcount reduced from 215 (post-merger) to 154; two branches closed in Q4 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-013179","json":"https://secwatch.observer/filing/0000950170-23-013179.json","markdown":"https://secwatch.observer/filing/0000950170-23-013179.md","text":"https://secwatch.observer/filing/0000950170-23-013179.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1572334/000095017023013179/0000950170-23-013179-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1572334/000095017023013179/vabk-20230418.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T00:43:37.890854+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1157c10126ee03d3ad6980efc81b0541b0b77985","claim":"Virginia National Bankshares Corp reported the quarter ended March 31, 2023 results: net income $5.8 million, EPS $1.08 per diluted share.","evidence_excerpt":"Virginia National Bankshares Corporation (NASDAQ: VABK) (the “Company”) today reported quarterly net income of $5.8 million, or $1.08 per diluted share, for the quarter ended March 31, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1572334/000095017023013179/0000950170-23-013179-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Net income","value":"$5.8 million"},{"label":"EPS","value":"$1.08 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}