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