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PARENT COMPANY FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]  
Schedule of condensed balance sheet of Southern National Bancorp of Virginia, Inc.

​

​

​

​

​

​

​

​

​

    

2019

    

2018

ASSETS

 

​

  

 

​

  

Cash

​

$

2,707

​

$

1,393

Investment in subsidiaries

​

 

423,591

​

 

397,063

Other assets

​

 

8,128

​

 

7,174

Total assets

​

$

434,426

​

$

405,630

​

​

​

​

​

​

​

LIABILITIES AND STOCKHOLDERS' EQUITY

​

 

  

​

 

  

Liabilities:

​

 

  

​

 

  

Junior subordinated debt - long term

​

$

9,632

​

$

9,584

Senior subordinated notes - long term

​

 

47,051

​

 

47,089

Other liabilities

​

 

502

​

 

667

Total liabilities

​

 

57,185

​

 

57,340

Stockholders' equity:

​

 

  

​

 

  

Common stock

​

 

241

​

 

240

Additional paid in capital

​

 

306,755

​

 

305,654

Retained earnings

​

 

69,462

​

 

44,985

Accumulated other comprehensive income (loss)

​

 

783

​

 

(2,589)

Total stockholders' equity

​

 

377,241

​

 

348,290

Total liabilities and stockholders' equity

​

$

434,426

​

$

405,630

Schedule of condensed statements of income of Southern National Bancorp of Virginia, Inc.

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​

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​

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​

​

​

​

​

​

​

    

2019

    

2018

    

2017

Income:

 

​

  

 

​

  

 

​

  

Cash dividends received from subsidiaries

​

$

13,300

​

$

8,000

​

$

4,900

Interest on deposit with subsidiary

​

 

—

​

 

—

​

 

3

Total income

​

 

13,300

​

 

8,000

​

 

4,903

Expenses:

​

 

  

​

 

  

​

 

  

Interest on junior subordinated debt

​

 

589

​

 

575

​

 

253

Interest on senior subordinated notes

​

 

2,847

​

 

2,847

​

 

2,194

Merger expenses

​

 

—

​

 

—

​

 

2,812

Other operating expenses

​

 

726

​

 

765

​

 

478

Total expenses

​

 

4,162

​

 

4,187

​

 

5,737

Income (loss) before income tax benefit and equity in undistributed net income of subsidiaries

​

 

9,138

​

 

3,813

​

 

(834)

Income tax benefit

​

 

(862)

​

 

(872)

​

 

(1,196)

Equity in undistributed net income of subsidiaries

​

 

23,167

​

 

29,006

​

 

2,063

Net income

​

$

33,167

​

$

33,691

​

$

2,425

Schedule of condensed statements of cash flows information of Southern National Bancorp of Virginia, Inc.

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​

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​

​

​

    

2019

    

2018

    

2017

Operating activities:

 

​

  

 

​

  

 

​

  

Net income

​

$

33,167

​

$

33,691

​

$

2,425

Adjustments to reconcile net income to net cash and cash equivalents (used in) provided by operating activities:

​

 

​

​

 

​

​

 

  

Equity in undistributed net income of subsidiaries

​

 

(36,467)

​

 

(37,006)

​

 

(6,963)

Other, net

​

 

(666)

​

 

(582)

​

 

4,046

Net cash and cash equivalents used in operating activities

​

 

(3,966)

​

 

(3,897)

​

 

(492)

Investing activities:

​

 

  

​

 

  

​

 

  

Increase in investment in subsidiary

​

 

—

​

 

—

​

 

(22,000)

Dividend from subsidiaries

​

 

13,300

​

 

8,000

​

 

4,900

Acquisition of Eastern Virginia Bankshares, Inc.

​

 

—

​

 

—

​

 

(10)

Net cash and cash equivalents (used in) provided by investing activities

​

 

13,300

​

 

8,000

​

 

(17,110)

Financing activities:

​

 

  

​

 

  

​

 

  

Issuance of subordinated notes, net of cost

​

 

—

​

 

—

​

 

26,075

Issuance of common stock

​

 

670

​

 

443

​

 

1,004

Cash dividends paid on common stock

​

 

(8,690)

​

 

(7,688)

​

 

(5,798)

Net cash and cash equivalents provided by (used in) financing activities

​

 

(8,020)

​

 

(7,245)

​

 

21,281

Increase (decrease) in cash and cash equivalents

​

 

1,314

​

 

(3,142)

​

 

3,679

Cash and cash equivalents at beginning of period

​

 

1,393

​

 

4,535

​

 

856

Cash and cash equivalents at end of period

​

$

2,707

​

$

1,393

​

$

4,535