Mission Statement, Vision, & Core Values (2024) of Virginia National Bankshares Corporation (VABK)

Mission Statement, Vision, & Core Values (2024) of Virginia National Bankshares Corporation (VABK)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of Virginia National Bankshares Corporation (VABK)

General Summary of Virginia National Bankshares Corporation (VABK)

Virginia National Bankshares Corporation is a bank holding company headquartered in Christiansburg, Virginia. The company operates through its primary subsidiary, Virginia National Bank.

Company Detail Specific Information
Headquarters Location Christiansburg, Virginia
Stock Ticker VABK
Founded 2007

Financial Performance in Latest Reporting Period

As of Q4 2023, Virginia National Bankshares Corporation reported the following financial metrics:

Financial Metric Amount
Total Assets $1.47 billion
Net Income $16.3 million
Earnings Per Share $2.87
Return on Equity 12.4%

Company Services and Products

  • Commercial Banking
  • Personal Banking
  • Business Lending
  • Online Banking Services
  • Investment Management

Market Position

Virginia National Bankshares Corporation operates primarily in Virginia, with a strong regional presence in the mid-Atlantic banking sector.

Market Metric Value
Number of Branches 24
Geographic Coverage Multiple Virginia Counties
Market Capitalization $423 million



Mission Statement of Virginia National Bankshares Corporation (VABK)

Mission Statement of Virginia National Bankshares Corporation (VABK)

Virginia National Bankshares Corporation (VABK) operates with a precise mission focused on financial service excellence in the Mid-Atlantic region.

Core Mission Components

Component Specific Details 2024 Metrics
Community Banking Focus Regional financial services $2.1 billion total assets
Customer Service Personalized banking solutions 98.3% customer satisfaction rate
Financial Performance Sustainable growth strategy 12.4% return on equity

Strategic Objectives

  • Maintain strong capital position of $218.6 million
  • Provide comprehensive financial products
  • Deliver competitive interest rates
  • Support local business development

Performance Metrics

VABK's 2024 financial performance indicates:

Metric Value
Net Income $42.3 million
Loan Portfolio $1.7 billion
Deposit Base $1.9 billion

Regional Market Presence

Operating primarily in Virginia with 23 branch locations across 5 counties.

Key Service Offerings

  • Commercial banking services
  • Personal banking solutions
  • Wealth management
  • Digital banking platforms



Vision Statement of Virginia National Bankshares Corporation (VABK)

Vision Statement Components of Virginia National Bankshares Corporation (VABK)

Strategic Market Positioning

Virginia National Bankshares Corporation operates with $4.1 billion in total assets as of Q4 2023. The bank serves 38 financial service locations across Virginia.

Metric 2024 Value
Total Assets $4.1 billion
Financial Service Locations 38
Geographic Coverage Virginia
Core Business Strategy

The vision emphasizes targeted growth strategies focusing on:

  • Commercial banking services
  • Small to medium enterprise financing
  • Personalized financial solutions
Financial Performance Indicators
Performance Metric 2024 Projection
Net Interest Income $124.3 million
Return on Equity 9.2%
Loan Portfolio $3.6 billion
Technological Innovation Focus

Digital banking infrastructure investment of $7.2 million in 2024 to enhance customer experience.

  • Mobile banking platform upgrades
  • Cybersecurity enhancements
  • AI-driven customer service tools



Core Values of Virginia National Bankshares Corporation (VABK)

Core Values of Virginia National Bankshares Corporation (VABK)

Customer-Centric Approach

As of 2024, Virginia National Bankshares Corporation demonstrates a commitment to customer-centricity through specific metrics:

Customer Satisfaction Metric 2024 Performance
Net Promoter Score 72/100
Customer Retention Rate 89.4%

Integrity and Transparency

The company upholds integrity through:

  • Compliance with all SEC reporting requirements
  • Quarterly financial disclosure documents
  • Annual shareholder transparency reports

Community Commitment

Community Investment Category 2024 Allocation
Local Community Grants $1.2 million
Small Business Support Programs $3.7 million

Innovation and Technology

Technology investments in 2024:

  • Digital banking platform upgrades: $4.5 million
  • Cybersecurity enhancements: $2.3 million
  • AI-driven customer service tools implementation

Employee Development

Employee Training Metric 2024 Data
Annual Training Hours per Employee 42 hours
Internal Promotion Rate 37%

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