Overview
Southern National Bancorp of Virginia is the holding company for Sonabank, which has some 20 locations in central and northern Virginia and southern Maryland. Founded in 2005, the bank serves small and midsized businesses, their owners, and retail consumers. It offers standard deposit products, including checking, savings, and money market accounts, and CDs. The bank's lending is focused on commercial real estate, single-family residential construction,
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Read More and single-family homes, as well as other types of consumer and commercial loans. In 2009 Southern National Bancorp acquired the failed Greater Atlantic Bank in an FDIC-assisted transaction; in 2012 it acquired the loans and deposits of HarVest Bank of Maryland.
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Read More and single-family homes, as well as other types of consumer and commercial loans. In 2009 Southern National Bancorp acquired the failed Greater Atlantic Bank in an FDIC-assisted transaction; in 2012 it acquired the loans and deposits of HarVest Bank of Maryland.
Read Less
Dennis J Zember Junior
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Depository Credit Intermediation
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Credit Intermediation and Related Activities
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Finance and Insurance
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State commercial banks
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
View fewer
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Modelled
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Actual
$254.11 million
Actual
2.36%
$3,690
DEC
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NASDAQ:FRST
Contacts
Get in Touch with 5 Principals* and 29 Contacts
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Dennis J Zember JuniorPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$254.11 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $20 | $29 | $12 |
| Net Investing Cash | $108 | -$313 | -$617 |
| Net Financing Cash | -$141 | $284 | $152 |
| Net Change in Cash | -$13 | -$0 | -$452 |
| Cash at Beginning of Period | $78 | $78 | $530 |
| Cash at End of Period | $65 | $78 | $78 |
| Capital Expenditure | -$1 | -$2 | -$1 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $65 | $78 | $78 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $30 | $31 | $31 |
| Intangible Assets | $9 | $13 | $14 |
| Total Assets | $3,690 | $3,857 | $3,567 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $113 | $146 | $420 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $3,325 | $3,459 | $3,178 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $58 | $84 | $102 |
| Equity Summary | |||
| Total Equity | $352 | $376 | $389 |
| Shares Outstanding | 24,722,734 | 24,693,172 | 24,680,097 |