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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 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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.13%1.16%1.25%1.22%1.22%1.29%1.40%1.86%+65 bps
Return on Equity11.51%11.74%12.26%11.82%11.67%12.16%12.45%16.19%+437 bps
Net Interest Margin2.83%2.81%2.97%3.04%3.09%3.12%3.12%3.27%+23 bps
Efficiency Ratio56.68%56.19%55.87%55.20%54.49%52.07%50.88%43.23%-1,197 bps
Non-Interest Burden1.49%1.45%1.53%1.57%1.58%1.51%1.46%0.95%-63 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-0.07%-0.06%0.01%0.01%0.02%0.02%0.00%0.00%-1 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