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Virginia National Bank

Charlottesville, VA · Cert 34755 · Virginia Natl Bankshares Corp.

National charter · OCC · 13 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

85

Q2 2024Q2 2026peer median (50)

Asset Quality

62

Q2 2024Q2 2026peer median (50)

Profitability

71

Q2 2024Q2 2026peer median (50)

Liquidity

98

Q2 2024Q2 2026peer median

Efficiency

90

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Virginia National Bank

Charlottesville, VA · Cert 34755 · Virginia Natl Bankshares Corp.

National charter · OCC · 13 branches

Q2 2026

$1.6BAssets
$1.2BLoans
$1.4BDeposits
$195.2MEquity
Loan mix
77%RE $949.6M21%C&I $258.6M2%Consumer $25.1MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $1.0B26%Noninterest $0.4BQ2 2025Q2 2026

NIM

4.51%Q2 ’244.57%Q2 ’254.66%Q2 ’26+12%+8%

Non-interest income vs. expense

1.92%Q2 ’241.94%Q2 ’251.86%Q2 ’26+6%-40%

Market Position · Charlottesville, VA · 2026 SOD (annual) · 11.3% share · #5 of 15 inst. · $0.7B of $6.1B

15.7% Albemarle
19.5% Fauquier
9.4% Charlottesville (City)
2.2% Prince William

Executive Summary

  • Earnings: ROA of 1.86%, up 65 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.47% of loans (-16 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.21%, up 128 bps from a year ago.
  • Funding: loans stand at 87.51% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.86%+65 bps YoY

Net Interest Margin (YTD, annualized)

3.27%+23 bps YoY

Efficiency Ratio (YTD, annualized)

43.23%-1,197 bps YoY

Tier 1 Leverage Ratio

13.21%+128 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.22%1.22%1.29%1.40%1.86%+65 bps
Return on Equity11.82%11.67%12.16%12.45%16.19%+437 bps
Net Interest Margin3.04%3.09%3.12%3.12%3.27%+23 bps
Efficiency Ratio55.20%54.49%52.07%50.88%43.23%-1,197 bps
Non-Interest Burden1.57%1.58%1.51%1.46%0.95%-63 bps
Growth
Asset Growth (YoY)3.85%-0.55%2.00%0.83%0.17%-369 bps
Loan Growth (YoY)7.21%1.60%0.13%-0.39%-0.62%-783 bps
Deposit Growth (YoY)1.10%0.37%0.58%-0.48%1.45%+35 bps
Asset Quality
Nonperforming Loans / Loans0.63%0.55%0.75%0.48%0.47%-16 bps
Net Charge-Offs / Loans0.01%0.02%0.02%0.00%0.00%-1 bps
Allowance / Loans0.67%0.69%0.67%0.64%0.66%-1 bps
Allowance Coverage of NPLs1.1x1.3x0.9x1.3x1.4x+0.3x
Capital
Tier 1 Leverage Ratio11.93%12.12%12.36%12.52%13.21%+128 bps
Total Risk-Based Capital19.24%19.93%20.19%20.53%21.35%+211 bps
Equity / Assets10.53%11.10%11.22%11.35%11.93%+141 bps
Liquidity & Funding
Loans / Deposits89.34%89.10%86.37%86.68%87.51%-183 bps
Liquid Assets / Assets1.99%1.06%3.69%3.69%2.23%+24 bps
CRE / Total Capitaln/a318%316%314%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Virginia National Bank

Charlottesville, VA · Cert 34755 · Peer group: banks $1B-$10B in assets (n=322-328) · Virginia Natl Bankshares Corp.

National charter · OCC · 13 branches

Q2 2026

$1.6BAssets
$1.2BLoans
$1.4BDeposits
$195.2MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 91% of banks $1B-$10B in assets (rank 29 of 328).
  • Widest gap: net interest margin trails 61% of banks $1B-$10B in assets (rank 201 of 328).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.87%

Rank 32 of 328

Net Interest Margin

3.27%

Rank 201 of 328

Efficiency Ratio

44.63%

Rank 34 of 328

Equity / Assets

11.93%

Rank 86 of 328

Non-interest income vs. expense

$15.0M$30.6MINCOMEEXPENSE
Unfavorable gap of $15.6M · efficiency ratio beats 90% of banks $1B-$10B in assets
Bank 44.63%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.87%0.91%1.22%1.52%Beats 90%32 / 328
Return on Equity15.67%8.43%11.45%14.43%Beats 84%52 / 328
Net Interest Margin3.27%3.03%3.45%3.83%Beats 39%201 / 328
Efficiency Ratio44.63%51.61%59.56%67.53%Beats 90%34 / 328
Asset Quality
Nonperforming Loans / Loans0.47%0.24%0.51%1.03%Beats 54%149 / 322
Net Charge-Offs / Loans0.01%0.01%0.03%0.10%Beats 70%99 / 322
Capital
Tier 1 Capital Ratio20.52%11.75%13.15%15.47%Beats 91%29 / 328
Total Risk-Based Capital Ratio21.35%12.63%14.15%16.46%Beats 91%29 / 328
Equity / Assets11.93%9.15%10.33%12.01%Beats 74%86 / 328
Liquidity & Funding
Loans / Deposits87.51%76.63%87.92%95.36%49th pctl165 / 323
Loans / Assets75.42%65.18%74.15%79.98%56th pctl144 / 328
Brokered Deposits / Depositsn/aNot reported for this institution