Southern National Bancorp of Virginia

Headquartered in McLean Virginia, Sonabank was founded in 2004, by husband and wife team Rod Porter and Georgia Derrico. Rod and Georgia assembled an experienced banking team with over 100 years of combined banking experience. Sona quickly grew from 2 branches to 24 (all located in Maryland and Virginia). Though Sonabank offers the customer service of a community bank, our full line of business and personal products is backed by the technology you expect from a large corporate bank. We offer Totally Free Checking, great rates on CDs and Savings accounts as well as Interest-Bearing Checking accounts. We also offer advanced online banking with an option for automatic bill payment and 24/7 Remote Deposit, Sweep accounts and more. Sonabank specializes in small to medium sized business banking. We are an award winning SBA Preferred Lender and we provide many other types of financing suited for businesses.

Company Growth (employees)
Type
Public
HQ
Mc Lean, US
Founded
2004
Size (employees)
162 (est)-10%
Southern National Bancorp of Virginia was founded in 2004 and is headquartered in McLean, US

Southern National Bancorp of Virginia Office Locations

Southern National Bancorp of Virginia has an office in McLean
McLean, US (HQ)
6830 Old Dominion Dr

Southern National Bancorp of Virginia Data and Metrics

Southern National Bancorp of Virginia Financial Metrics

Southern National Bancorp of Virginia's revenue was reported to be $51.8 m in FY, 2016
USD

Net income (Q1, 2017)

2.1 m

EBIT (Q1, 2017)

9.3 m

Market capitalization (15-Aug-2017)

213 m

Cash (31-Mar-2017)

35.4 m
Southern National Bancorp of Virginia's current market capitalization is $213 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

36.9 m40.5 m47.5 m51.8 m

Revenue growth, %

10%17%9%

Cost of goods sold

4.7 m4.7 m7.1 m8.6 m

Gross profit

32.2 m35.8 m40.4 m43.1 m

Gross profit Margin, %

87%88%85%83%

EBIT

26.8 m30 m33.5 m35.4 m

EBIT margin, %

73%74%70%68%

Interest income

30.4 m33.4 m36.6 m40.3 m

Pre tax profit

9.3 m11.2 m14 m15.4 m

Net Income

6.3 m7.5 m9.3 m10.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

12.5 m12.1 m12.2 m13.3 m13.8 m

Cost of goods sold

1.7 m2 m2 m2.1 m2.2 m2.7 m

Gross profit

10.8 m10.1 m10.2 m11.2 m11.5 m

Gross profit Margin, %

86%84%84%84%84%

Sales and marketing expense

2.8 m2.9 m3.1 m2.9 m2.7 m2.9 m

Operating expense total

2.8 m2.9 m3.1 m2.9 m2.7 m2.9 m

EBIT

7.5 m8.3 m9.1 m8.8 m8.3 m9.3 m

EBIT margin, %

60%69%75%66%60%

Pre tax profit

3.7 m3.7 m3.6 m4.2 m4.1 m3.2 m

Income tax expense

1.2 m1.2 m989 k1.4 m1.4 m1.2 m

Net Income

3.4 m5.5 m2 m4.5 m7 m2.6 m5.4 m8.1 m2.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

20.9 m38.3 m30.3 m47.4 m

Goodwill

9.2 m10.5 m10.5 m10.5 m

Total Assets

716.2 m916.6 m1 b1.1 b

Accounts Payable

913 m

Total Liabilities

1 b

Additional Paid-in Capital

97.1 m104.1 m104.4 m104.9 m

Retained Earnings

12.6 m12.8 m15.7 m22.1 m

Total Equity

106.6 m114 m119.6 m126.3 m

Financial Leverage

6.7 x8 x8.7 x9 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

74.5 m51.5 m34.1 m41.7 m50.4 m35.4 m

Goodwill

10.5 m10.5 m10.5 m10.5 m10.5 m10.5 m

Total Assets

1 b1 b1.1 b1.1 b1.1 b1.2 b

Accounts Payable

817 m830.7 m857.5 m902.8 m915.3 m896.2 m

Additional Paid-in Capital

104.3 m104 m104.5 m104.6 m104.8 m105.5 m

Retained Earnings

15.3 m16.8 m17.3 m19.1 m20.9 m23.2 m

Total Equity

119.1 m120.3 m121.2 m123 m125 m128.3 m

Financial Leverage

8.5 x8.5 x8.9 x9.1 x9.1 x9.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

6.3 m7.5 m9.3 m10.3 m

Depreciation and Amortization

665 k764 k876 k798 k

Cash From Operating Activities

5.8 m11.5 m12.2 m18 m

Cash From Investing Activities

(127 m)(95.6 m)

Cash From Financing Activities

(12.4 m)

Interest Paid

4.6 m4.5 m6.8 m8.3 m

Income Taxes Paid

4.6 m3.3 m3 m4.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

3.4 m5.5 m2 m4.5 m7 m2.6 m5.4 m8.1 m2.1 m

Depreciation and Amortization

351 k549 k227 k451 k668 k208 k415 k613 k179 k

Cash From Operating Activities

4.6 m8.2 m3.3 m5.3 m12 m2.3 m5.4 m12 m6.5 m

Cash From Investing Activities

(57.8 m)(90.7 m)(43.5 m)(72.8 m)(79.8 m)(48.4 m)

Interest Paid

2 m3.1 m1.5 m3.1 m4.9 m1.9 m4.1 m6.2 m2.3 m

Income Taxes Paid

2.1 m2.2 m610 k2.3 m2.3 m700 k2.7 m3.5 m700 k
Y, 2017

Financial Leverage

9.2 x

Southern National Bancorp of Virginia Market Value History

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Southern National Bancorp of Virginia Company Life and Culture

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