{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-084943","form_type":"8-K","ticker":"VABK","cik":"0001572334","company_name":"Virginia National Bankshares Corp","filed_at":"2024-07-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.589114+00:00","generated_at":"2026-05-31T19:03:27.606032+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"VABK Q2 net income $4.2M ($0.77 EPS) vs $5.7M ($1.05) year ago; loans up 19%","bullets":["Net income $4.2M ($0.77 diluted EPS) for Q2 2024, down from $5.7M ($1.05) in Q2 2023 due to higher cost of funds and lower loan accretion.","Six-month net income $7.8M ($1.45) vs $11.4M ($2.13) in prior year period.","Gross loans $1.2B, up 19% YoY and 6% in H1 2024; borrowings declined 55% from Dec 2023 to June 2024.","Net interest margin (FTE) improved to 3.04% from 2.89% in Q4 2023; efficiency ratio improved to 62.7%.","Company again included in Russell 2000; no brokered deposits and unused borrowing facilities of ~$196.7M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-084943","json":"https://secwatch.observer/filing/0000950170-24-084943.json","markdown":"https://secwatch.observer/filing/0000950170-24-084943.md","text":"https://secwatch.observer/filing/0000950170-24-084943.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1572334/000095017024084943/0000950170-24-084943-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1572334/000095017024084943/vabk-20240719.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T19:03:27.606032+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}