Southern National Bancorp of Virginia Inc company info

CIK 1325670
IRS Number 201417448
State of incorporation VA
Business address 1770 TIMBERWOOD BOULEVARD
SUITE 100
CHARLOTTESVILLE
VA
22911
Mail address 1770 TIMBERWOOD BOULEVARD
SUITE 100
CHARLOTTESVILLE
VA
22911

Short summary

Southern National Bancorp of Virginia Inc is a Virginia company, with head office located at 1770 Timberwood Boulevard Charlottesville, Virginia 22911. The company achieved a record breaking net income last year - 33.69 million USD. This is 1289.32% higher than one reported in 2017. In 2018 the company owned a total of 2.72 billion USD worth of assets. 2017 was the year when the company amassed the most assets.

Southern National Bancorp of Virginia Inc Income Statement

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Interest expense 8.088.516.095.834.674.677.088.6315.6527.84
Income Tax Expense (Benefit) -2.681.881.693.123.043.754.675.1013.159.61
Net income -4.684.054.406.576.267.489.2910.312.4333.69

Southern National Bancorp of Virginia Inc Balance Sheet

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Cash and cash equivalents 14.7611.053.6927.3428.5524.2374.5341.7144.6052.1633.09
Property, Plant and Equipment, Gross 9.3410.1310.5714.4114.7214.8667.3766.82
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 2.993.584.254.965.846.6431.5834.47
Goodwill 8.719.169.169.1610.5110.5199.17101.95101.95
Total assets 601.39711.99706.72774.701,011.721,120.692,630.772,725.742,724.30
Total liabilities 499.59608.98601.79665.85892.64997.742,307.502,391.292,361.51
Common Stock, Value, Issued 0.120.120.120.120.120.240.240.24
Retained Earnings (Accumulated Deficit) 8.299.1811.0114.3515.3219.1319.3732.2755.98
Accumulated Other Comprehensive Income (Loss), Net of Tax -3.15-3.03-3.15-3.05-0.67-0.93-0.90-3.520.52

Southern National Bancorp of Virginia Inc Cash Flow

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Net income -4.684.054.406.576.267.489.2910.312.4333.69
Amortization of Intangible Assets 0.730.940.920.890.470.220.260.220.851.45
Deferred Income Tax Expense (Benefit) -1.72-0.40-2.020.10-0.422.130.039.693.12
Net Cash Provided by (Used in) Operating Activities 12.2218.0224.5941.44
Payments to Acquire Property, Plant, and Equipment 0.101.970.520.790.440.900.310.141.431.97
Net Cash Provided by (Used in) Investing Activities -127.04-95.59-62.01-93.70
Net Cash Provided by (Used in) Investing Activities, Continuing Operations 44.2616.815.7077.58-11.81-89.76-127.04-95.59
Proceeds from Stock Plans 0.000.890.710.140.560.44
Proceeds from Issuance of Common Stock 26.92-2.84
Payments for Repurchase of Common Stock 0.72
Payments of Ordinary Dividends, Common Stock 2.842.907.246.363.925.807.69
Net Cash Provided by (Used in) Financing Activities 106.8394.6215.4955.40
Cash and Cash Equivalents, Period Increase (Decrease) -6.691.68-4.7134.17-18.3417.46-7.9817.06-21.93