{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-054248","form_type":"8-K","ticker":"VABK","cik":"0001572334","company_name":"Virginia National Bankshares Corp","filed_at":"2023-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.582029+00:00","generated_at":"2026-06-09T18:30:49.549308+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Virginia National Bankshares Q3 net income $4.7M ($0.86 EPS), down from $5.8M ($1.08) YoY","bullets":["Net income fell 19% to $4.7M ($0.86 diluted EPS) from $5.8M ($1.08) in Q3 2022.","Loan portfolio grew 5% sequentially; loan yield rose to 5.53% from 4.56% YoY.","Noninterest expense decreased $1.2M (12%) YoY due to merger efficiencies and headcount reduction.","Deposits declined 7.3% from year-end but increased 1.6% from Q2; no brokered deposits.","Nonperforming assets remained low at 0.13% of total assets; 92% of past-due loans are government-guaranteed."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-054248","json":"https://secwatch.observer/filing/0000950170-23-054248.json","markdown":"https://secwatch.observer/filing/0000950170-23-054248.md","text":"https://secwatch.observer/filing/0000950170-23-054248.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1572334/000095017023054248/0000950170-23-054248-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1572334/000095017023054248/vabk-20231020.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T18:30:49.549308+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":"c56c3e34c7725618a67e4f7967c492e45c5b84e9","claim":"Virginia National Bankshares Corp reported for the quarter ended September 30, 2023 results: net income $4.7 million, EPS $0.86 per diluted share.","evidence_excerpt":"Virginia National Bankshares Corporation (NASDAQ: VABK) (the “Company”) today reported quarterly net income of $4.7 million, or $0.86 per diluted share, for the quarter ended September 30, 2023, compared to $5.8 million, or $1.08 per diluted share, recognized for the quarter ended September 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1572334/000095017023054248/0000950170-23-054248-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"for the quarter ended September 30, 2023"},{"label":"Net income","value":"$4.7 million"},{"label":"EPS","value":"$0.86 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"}