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Letter portraitLegal landscapeQuarterYTD

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 $25.1MQ3 2024Q2 2026
Deposit mix
74%Interest-bearing $1.0B26%Noninterest $0.4BQ3 2024Q2 2026

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 2.32%, up 114 bps year over year; NIM at 3.38%.
  • 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.

Return on Assets (quarter, annualized)

2.32%+114 bps YoY

Net Interest Margin (quarter, annualized)

3.38%+27 bps YoY

Efficiency Ratio (quarter, annualized)

37.65%-1,688 bps YoY

Tier 1 Leverage Ratio

13.21%+128 bps YoY

NIM

4.52%Q2 ’244.59%Q2 ’254.73%Q2 ’26+13%+9%

Non-interest income vs. expense

1.85%Q2 ’241.92%Q2 ’251.87%Q2 ’26+11%-75%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.26%1.24%1.25%1.18%1.23%1.52%1.40%2.32%+114 bps
Return on Equity12.47%12.18%12.26%11.36%11.39%13.59%12.45%19.92%+856 bps
Net Interest Margin2.99%2.97%2.97%3.10%3.18%3.24%3.12%3.38%+27 bps
Efficiency Ratio52.93%54.86%55.87%54.53%53.11%45.13%50.88%37.65%-1,688 bps
Non-Interest Burden1.48%1.45%1.53%1.61%1.59%1.31%1.46%0.41%-120 bps
Growth
Asset Growth (YoY)3.32%-1.77%0.88%3.85%-0.55%2.00%0.83%0.17%-369 bps
Loan Growth (YoY)19.11%13.12%10.13%7.21%1.60%0.13%-0.39%-0.62%-783 bps
Deposit Growth (YoY)0.69%1.08%0.17%1.10%0.37%0.58%-0.48%1.45%+35 bps
Asset Quality
Nonperforming Loans / Loans0.44%0.24%0.41%0.63%0.55%0.75%0.48%0.47%-16 bps
Net Charge-Offs / Loans-0.16%-0.05%0.01%0.02%0.03%0.02%0.00%0.00%-3 bps
Allowance / Loans0.70%0.68%0.67%0.67%0.69%0.67%0.64%0.66%-1 bps
Allowance Coverage of NPLs1.6x2.8x1.7x1.1x1.3x0.9x1.3x1.4x+0.3x
Capital
Tier 1 Leverage Ratio11.69%11.55%11.71%11.93%12.12%12.36%12.52%13.21%+128 bps
Total Risk-Based Capital18.70%18.60%18.76%19.24%19.93%20.19%20.53%21.35%+211 bps
Equity / Assets10.36%10.00%10.30%10.53%11.10%11.22%11.35%11.93%+141 bps
Liquidity & Funding
Loans / Deposits88.02%86.76%86.60%89.34%89.10%86.37%86.68%87.51%-183 bps
Liquid Assets / Assets0.57%0.33%0.71%1.99%1.06%3.69%3.69%2.23%+24 bps
CRE / Total Capitaln/an/an/an/a318%316%314%n/an/a