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Exhibit 107.1

Calculation of Filing Fee Tables

Form S-8

Registration Statement under the Securities Act of 1933

(Form Type)

 

Virginia National Bankshares Corporation

(Exact Name of Registrant as Specified in its Charter)

 

 

 

 

 

 

 

 

 

Table 1: Newly Registered Securities

Security Type

Security Class Title

Fee Calculation Rule

Amount Registered (1)

Proposed Maximum Offering Price Per Unit (2)

Maximum Aggregate Offering Price (1)(2)

Fee Rate

Amount of Registration Fee (3)

Equity

Common Stock, par value $2.50 per share

457(c) and 457(h)

150,000 (4)

$39.65

$5,947,500

$110.20 per $1,000,000

$655.42

Total Offering Amounts

 

 

 

$655.42

Total Fee Offsets (4)

 

 

 

--

Net Fee Due

 

 

 

$655.42

 

 

(1)
Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement on Form S-8 also covers an indeterminate number of additional shares that may be offered or issued under the Virginia National Bankshares Corporation 2022 Stock Incentive Plan by reason of stock splits, stock dividends, or similar transactions.

 

(2)
Estimated pursuant to Rule 457(c) and (h) under the Securities Act solely for the purpose of calculating the amount of the registration fee based upon the average of the high and low prices for a share of the registrant’s common stock on February 27, 2023, as reported on The Nasdaq Capital Market.

 

(3)
Rounded up to the nearest penny.

 

(4)
The registrant doesn’t have any fee offsets.