Natl Bnkshrs Va has a market cap of $185.7 million; its shares were traded at around $28.5 with a P/E ratio of 10.5 and P/S ratio of 3.2. The dividend yield of Natl Bnkshrs Va stocks is 3.9%. Natl Bnkshrs Va had an annual average earning growth of 7.2% over the past 10 years. GuruFocus rated Natl Bnkshrs Va the business predictability rank of 4-star.
Highlight of Business Operations:Net interest income for the period ended December 31, 2011 was $40,762, an increase of $2,781, or 7.32%, when compared to the prior year. The net interest margin for 2011 was 4.59%, compared to 4.52% for 2010. Total interest income for the period ended December 31, 2011 was $49,946, an increase of $807 from the period ended December 31, 2010. Interest expense was down by $1,974 during the same time frame, from $11,158 for 2010 to $9,184 for the year ended December 31, 2011. The decline in interest expense came about in part because higher priced certificates of deposit renewed at lower interest rates. In addition, noninterest-bearing deposits and low-rate interest-bearing deposits volume increased substantially. Please refer to the section titled “Analysis of Changes In Interest Income and Interest Expense” for further information related to rate and volume changes. In summary, the rates paid on the Company s deposit liabilities declined at a more rapid pace than the interest rates on its interest-earning assets.
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