Southern National Bancorp of Virginia

Southern National Bancorp of Virginia operates as the bank holding company for Sonabank.

Type
Public
HQ
McLean, US
Founded
2004
Size (employees)
90 (est)-44%
Southern National Bancorp of Virginia was founded in 2004 and is headquartered in McLean, US
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Key People/Management at Southern National Bancorp of Virginia

Georgia Derrico

Georgia Derrico

Chairman & Chief Executive Officer
William Lagos

William Lagos

Senior Vice President & Chief Financial Officer
R. Porter

R. Porter

President & Chief Operating Officer
William Stevens

William Stevens

Executive Vice President, Credit

Southern National Bancorp of Virginia Office Locations

Southern National Bancorp of Virginia has an office in McLean and Burgess
McLean, US (HQ)
6830 Old Dominion Dr
Burgess, US
14954 Northumberland Hwy
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Southern National Bancorp of Virginia Financials and Metrics

Southern National Bancorp of Virginia Financials

Southern National Bancorp of Virginia's revenue was reported to be $51.77 m in FY, 2016 which is a 9% increase from the previous period.
USD

Net income (Q3, 2017)

4.4 m

EBIT (Q3, 2017)

18.6 m

Market capitalization (5-Feb-2018)

391.2 m

Cash (3-Feb-2018)

23.3 m
Southern National Bancorp of Virginia's current market capitalization is $391.2 m.
Annual
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
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

9.2 m12.5 m12.1 m12.2 m13.3 m13.8 m15.1 m

Cost of goods sold

1.1 m1.7 m2 m2 m2.1 m2.2 m2.7 m3 m

Gross profit

8.1 m10.8 m10.1 m10.2 m11.2 m11.5 m12.1 m

Gross profit Margin, %

88%86%84%84%84%84%80%
Annual
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
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

74.5 m51.5 m34.1 m41.7 m50.4 m35.4 m44.6 m23.3 m

Goodwill

10.5 m10.5 m10.5 m10.5 m10.5 m10.5 m99.2 m97 m

Total Assets

1 b1 b1.1 b1.1 b1.1 b1.2 b2.6 b2.6 b

Accounts Payable

817 m830.7 m857.5 m902.8 m915.3 m896.2 m2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

6.3 m7.5 m9.3 m10.3 m

Depreciation and Amortization

665 k764 k876 k798 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

4.9 m1.6 m3.4 m5.5 m2 m4.5 m7 m2.6 m5.4 m8.1 m2.1 m(788 k)4.4 m

Depreciation and Amortization

495 k172 k351 k549 k227 k451 k668 k208 k415 k613 k179 k426 k

Cash From Operating Activities

7.2 m2.3 m4.6 m8.2 m3.3 m5.3 m12 m2.3 m5.4 m12 m6.5 m366 k12.4 m

Cash From Investing Activities

(57.8 m)(90.7 m)(43.5 m)(72.8 m)(79.8 m)(48.4 m)(36.3 m)(30 m)
USDY, 2017

Financial Leverage

8 x
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Southern National Bancorp of Virginia Operating Metrics

Southern National Bancorp of Virginia's Total Loans was reported to be $2b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

24 23 23

Non-performing Loans

$5.65 m$5.98 m$4.84 m$4.59 m$4.17 m$2.90 m$2.32 m$3.92 m$3.80 m$3.66 m$3.11 m

Total Loans

$703.47 m$729.22 m$760.04 m$789.56 m$829.43 m$870.64 m$906.34 m$912.83 m$930.42 m$974.22 m$2.03 b
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