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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.

    

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.

    

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