Access National Corp (ANCX) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

Exhibit 99.1

Access National Reports 50% Increase in Annual Earnings, Increases Dividend

RESTON, Va.--(BUSINESS WIRE)--January 31, 2012--

Access National Corporation (NASDAQ: ANCX), parent company for Access National Bank, reported fourth quarter net income of $3.3 million, a 47.7% increase over the $2.2 million recorded in the fourth quarter of 2010. This represents the company’s 46^th consecutive quarterly profit over its 12 year history. Net income per dilutive common share was $0.32, an increase of 45.5% over the $0.22 reported in the fourth quarter of 2010.

Based on record earnings, strong capital and favorable outlook, the Board of Directors declared a cash dividend of $0.05 per share, representing the fourth increase over the last year for holders of record as of February 13, 2012 and payable February 24, 2012.

CEO Mike Clarke noted, “Since onset of the financial crisis, our shareholder-focused leadership has increased dividend payouts while increasing retained earnings by $33.9 million to $57.5 million. In turn, our book value per share has risen 54% over the same period, from $5.27 at December 31, 2006 to $8.13 at December 31, 2011. In the 12 months ended December 31, 2011, common shareholders experienced a 16.8% increase in book value and received $0.13 in payouts. Based upon the latest dividend action, the annual payout rate of $0.20 exceeds a 2.0% yield on last week’s ending market price of $9.25.” The company remains “Well Capitalized” under banking regulations and poised for measured and responsible growth as the total equity to assets ratio was 10.23% at December 31, 2011.

Net income for the year ended December 31, 2011 was $11.4 million ($1.10 diluted EPS), a 50% increase compared to $7.6 million ($0.72 diluted EPS) the same period in 2010.

Return on average assets annualized was 1.61% for the fourth quarter of 2011 compared to 1.08% for the fourth quarter of 2010. Return on average assets for the year ended December 31, 2011 was 1.50%, up from 0.98% in 2010. Return on average equity annualized was 15.9% for the fourth quarter of 2011 compared to 12.6% for the same period last year. Return on average equity was 14.80% compared to 10.85% last year.

Loans held for investment totaled $569.4 million compared to $491.5 million at December 31, 2010, an increase of $77.9 million as a result increased loan demand and a continued focus on expanding the commercial loan-driven relationships.

Total assets amounted to $809.8 million compared to $831.8 million at December 31, 2010. The decrease in assets was primarily attributable to a reduction in securities, interest-bearing balances and federal funds sold.

Commercial demand deposits have increased 35.6% from December 31, 2010 to $113.9 million at December 31, 2011 and represent 17.7% of total deposits at December 31, 2011. Savings and interest-bearing deposits increased $45.5 million from December 31, 2010 and time deposits decreased $58.3 million from year end December 31, 2010, primarily due to a deliberate reduction in non-core rate sensitive deposits.

Non-performing assets (NPA) totaled $6.7 million or 0.83% of total assets, down from 1.0% at September 30, 2011. Meanwhile, the allowance for loan losses totaled $11.7 million or 2.06% of total loans held for investment and 175% of NPA as of December 31, 2011.

Access National Corporation is the parent company of Access National Bank, an independent, nationally chartered bank serving the business community of the greater DC Metropolitan area. Additional information is available on our website at www.AccessNationalBank.com. Shares of Access National Corporation are traded on the NASDAQ Global Market under the symbol "ANCX".

This press release contains “forward-looking statements” within the meaning of the federal securities laws. These statements may be identified as “may”, “could”, “expect”, “believe”, anticipate”, “intend”, “plan” or variations thereof. These forward-looking statements may contain information related to those matters such as the Company’s intent, belief, or expectation with respect to matters such as financial performance. Such statements are necessarily based on assumptions and estimates and are inherently subject to a variety of risks and uncertainties concerning the Company’s operations and business environment, which are difficult to predict and beyond control of the company. Such risks and uncertainties could cause the actual results of the Company to differ materially from those matters expressed or implied in such forward-looking statements. For an explanation of certain risks and uncertainties associated with forward-looking statements, please refer to the Company’s Annual Report on Form 10-K and other SEC filings.

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The following information was filed by Access National Corp (ANCX) on Wednesday, February 1, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.