Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of segment reporting information

Segment information for the three months and six months ended June 30, 2019 and 2018 is shown in the following tables (dollars in thousands).

					VNB		VNB Trust &
					Investment		Estate		Masonry
Three months ended June 30, 2019		Bank			Services		Services		Capital			Consolidated
Net interest income		$	5,461		$	-	$	-	$	-		$	5,461
Provision for (recovery of) loan losses			(64	)		-		-		-			(64	)
Noninterest income			1,137			156		348		59			1,700
Noninterest expense			4,073			147		303		162			4,685
Income before income taxes			2,589			9		45		(103	)		2,540
Provision for income taxes			435			2		10		(22	)		425
Net income		$	2,154		$	7	$	35	$	(81	)	$	2,115
Total assets		$	633,573			NR*		NR*	$	200		$	633,773
					VNB		VNB Trust &
					Investment		Estate		Masonry
Six months ended June 30, 2019		Bank			Services		Services		Capital			Consolidated
Net interest income		$	11,029		$	-	$	-	$	-		$	11,029
Provision for loan losses			620			-		-		-			620
Noninterest income			1,710			292		694		63			2,759
Noninterest expense			7,872			283		610		331			9,096
Income before income taxes			4,247			9		84		(268	)		4,072
Provision for income taxes			747			2		18		(56	)		711
Net income		$	3,500		$	7	$	66	$	(212	)	$	3,361
	*     Not reportable. Asset information is not reported for these segments, as the assets previously allocated to VNB Wealth are reported at the Bank level subsequent to the merger of VNBTrust into the Bank effective July 1, 2018; also, assets specifically allocated to these VNB Wealth lines of business are insignificant and are no longer provided to the chief operating decision maker.

Prior to January 1, 2019, Virginia National Bankshares Corporation had two reportable segments, the Bank and VNB Wealth.

Three months ended June 30, 2018	Bank		VNB Wealth		Consolidated
Net interest income	$	5,653	$	39	$	5,692
Provision for loan losses		701		-		701
Noninterest income		703		604		1,307
Noninterest expense		3,513		514		4,027
Income before income taxes		2,142		129		2,271
Provision for income taxes		412		27		439
Net income	$	1,730	$	102	$	1,832
Total assets	$	644,221	$	10,436	$	654,657
Six months ended June 30, 2018	Bank		VNB Wealth		Consolidated
Net interest income	$	11,315	$	73	$	11,388
Provision for loan losses		605		-		605
Noninterest income		1,346		1,675		3,021
Noninterest expense		7,005		1,039		8,044
Income before income taxes		5,051		709		5,760
Provision for income taxes		983		149		1,132
Net income	$	4,068	$	560	$	4,628