Correspondence 0000950170-23-073577 from Virginia National Bankshares Corp (VABK) (CIK 0001572334) (VABK)
Virginia National Bankshares Corp (VABK) (CIK 0001572334)
Date: Dec. 28, 2023 · CIK: 0001572334 · Accession: 0000950170-23-073577
AI Filing Summary & Sentiment
File numbers found in text: 001-40305
Referenced dates: December 14, 2023
Letter
Re: Virginia National Bankshares Corporation
December 28, 2023
Division of Corporation Finance
Office of Finance
Securities and Exchange Commission
Washington, D.C. 20549
Form 10-K for the Fiscal Year ended December 31, 2022
Filed March 29, 2023
File No. 001-40305
To the Division of Corporation Finance:
This letter serves to respond to your letter dated December 14, 2023 regarding the disclosure of the non-GAAP measure for "ALLL + fair value mark to total loans.”
Although we feel strongly that the use of this non-GAAP measure provides the reader with valuable information and is appropriately acknowledged as non-GAAP with a corresponding reconcilement, we will discontinue the use of such measure in future filings.
Sincerely,
/s/ Tara Y. Harrison
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CORRESP 1 filename1.htm CORRESP December 28, 2023 Division of Corporation Finance Office of Finance Securities and Exchange Commission Washington, D.C. 20549 Re: Virginia National Bankshares Corporation Form 10-K for the Fiscal Year ended December 31, 2022 Filed March 29, 2023 File No. 001-40305 To the Division of Corporation Finance: This letter serves to respond to your letter dated December 14, 2023 regarding the disclosure of the non-GAAP measure for "ALLL + fair value mark to total loans.” Although we feel strongly that the use of this non-GAAP measure provides the reader with valuable information and is appropriately acknowledged as non-GAAP with a corresponding reconcilement, we will discontinue the use of such measure in future filings. Sincerely, /s/ Tara Y. Harrison Tara Y. Harrison, CPA Executive Vice President & Chief Financial Officer