ANCX Access National Corp.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02           Results of Operations and Financial Condition.

Access National Corporation (Nasdaq: ANCX) released its unaudited financial results on July 17, 2015 for the quarter ended June 30, 2015.  A copy of the press release detailing the summary results is attached hereto as Exhibit 99.1.  

Item 7.01 Regulation FD Disclosure.

Access National Corporation also announced on July 17, 2015 that its Board of Directors declared a cash dividend of $0.15 per share to shareholders of record as of August 3, 2015, for payment on August 25, 2015.  A copy of the press release summarizing the announcement is attached hereto as Exhibit 99.1.  

Item 9.01          Financial Statements and Exhibits.

(a)     -     Not applicable.

(b)     -     Not applicable.

(c)     -     Not applicable.

(d)           Exhibits.

                Exhibit 99.1    Press Release, dated July 17, 2015 announcing second quarter 2015 financial results and quarterly dividend.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Exhibit 99.1

Access National Declares Dividend, Reports Second Quarter Earnings

RESTON, Va.--(BUSINESS WIRE)--July 17, 2015--Access National Corporation (NASDAQ: ANCX), parent company for Access National Bank (Bank), reported second quarter 2015 net income of $4.0 million, or $0.38 per common share. This represents the Corporation’s 60^th consecutive quarterly profit over its 62 quarter history. Consistent with management’s stated objective of a 40%-50% payout ratio against core earnings, the Board of Directors declared a cash dividend of $0.15 per share for holders of record as of August 03, 2015 and payable on August 25, 2015. The routine dividend reflects Management’s favorable performance outlook and comfort with a favorable capital position.

Overall, second quarter 2015 pretax earnings increased $1.3 million or 28% when compared to second quarter 2014. The increase was primarily due to increases in pretax income for both the banking and mortgage segments from second quarter 2014 of $430 thousand and $800 thousand, respectively. The banking segment’s increase was due to an increase in net interest income over second quarter 2014 of $1.0 million partially offset by an increase in provision for loan losses of $150 thousand, an increase in salaries and benefits of $334 thousand, and an increase in other operating expense of $222 thousand due largely to enhancements in the Bank’s online banking platform. The mortgage segment’s increase over second quarter 2014 was due to an increase in mortgage loan originations of $36 million or 33%. This resulted in an increase of $1.5 million in non-interest income which was partially offset by an increase in non-interest expense of $778 thousand over 2014 due to costs related to the increased production volume.

Net interest margin for the first six months of 2015 decreased from 3.79% to 3.69% when compared to the same period in 2014. On a linked quarter basis, the margin decreased to 3.67% for the three months ended June 30, 2015 compared to 3.72% for the three months ended March 31, 2015.

On a consolidated basis, the Corporation reported annualized return on average assets of 1.44% and 1.40% for the three and six month periods ended June 30, 2015, respectively. Meanwhile, the annualized return on average equity was 15.54% and 14.87% for the three and six months ended June 30, 2015, respectively.

Total assets at June 30, 2015 amounted to $1.2 billion compared to $1.1 billion at December 31, 2014, an overall increase of $113.2 million. An increase in loans held for investment of $57.5 million, a $33.0 million increase in interest-bearing balances, a $13.5 million growth in investment securities, and a growth in loans held for sale of $5.3 million accounted for the majority of this increase. Loan growth in all categories of the loans held for investment portfolio has occurred during the first half of 2015. Overall, the portfolio of loans held for investment grew at an annualized rate of 14.8% with commercial real estate-owner occupied loans increasing by the largest dollar amount.

Total deposits at June 30, 2015 increased $150.0 million from December 31, 2014 due mainly to an increase in demand deposits of $86.4 million and an increase in brokered deposits of $100.1 million. The deliberate increase in brokered deposits during the most recent period was to partially offset the increase in securities, and the increase in loans held for sale from December 31, 2014, as well as reduce short-term borrowings. Management continues to focus on expanding business banking relationships as evidenced by the 34.2% year-to-date growth in demand deposits.

Non-performing assets (NPAs) increased to $7.4 million at June 30, 2015 from $1.6 million at December 31, 2014, representing 0.64% and 0.15% of total assets, respectively. The increase in NPA’s was mainly due to the addition of two loans totaling $6.6 million to non-accrual status. The Bank did not have other real estate owned at June 30, 2015, while Access Real Estate, LLC had other real estate owned with a carrying value of $500 thousand. The allowance for loan loss had a slight increase from $13.4 million at December 31, 2014 to $13.5 million at June 30, 2015 or 1.62% and 1.73% of total loans held for investment as of June 30, 2015 and December 31, 2014, respectively.

Book value per common share increased from $9.45 at December 31, 2014 to $9.94 at June 30, 2015. The ratio of total equity to total assets for Access National Corporation and its subsidiary bank was 9.0% at June 30, 2015, within the Corporation’s target range of 8.00% to 10.50%.

Access National Corporation is the parent company of Access National Bank, an independent, nationally chartered bank serving the business community of the greater Washington 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.

CONTACT:
Access National Corporation
Michael Clarke, 703-871-2100