First national corp /va/ (FXNC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities
Net income

9,556

10,135

6,448

5,907

2,655

7,631

9,874

2,800

-10,961

-3,603

2,149

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment

1,335

1,347

-

-

-

-

1,011

1,110

1,184

1,225

1,274

Depreciation and amortization of premises and equipment

-

-

1,386

1,356

1,231

967

-

-

-

-

-

Amortization of core deposit intangibles

302

458

621

771

642

16

-

-

-

-

-

Amortization of debt issuance costs

18

17

18

17

3

-

-

-

-

-

-

Origination of loans held for sale

12,765

5,279

9,789

9,281

14,163

1,503

2,567

8,627

8,408

16,371

16,795

Proceeds from sale of loans held for sale

13,187

5,384

9,860

9,411

14,369

2,645

3,263

8,612

8,536

16,573

16,795

Net gains on sales of loans held for sale

170

86

172

144

201

20

193

214

131

263

210

Provision for loan losses

450

600

100

0

-100

-3,850

-425

3,555

12,380

-

-

Net (gains) losses on securities available for sale

1

-1

-

-

-

-

-

-

-

-

-

Provision for other real estate owned

-

-

-

-

-

-

1,055

1,190

1,558

11,731

2,300

Provision for other real estate owned

-

-

-

-

-

-

-

-

-

-2,640

-994

Gain (Loss) on Sale of Securities, Net

-

-

-90

8

-55

696

-

1,285

59

-7

10

Charitable donation of securities available for sale

-

-

-13

0

-

-

-

-

-

-

-

Provision for other real estate owned

-

-

-

27

230

12

-

-

-

-

-

Net gains on sale of other real estate owned

-

22

191

193

74

307

80

278

-910

-19

-

Increase in cash value of bank owned life insurance

456

371

408

425

-

-

-

-

-

-

-

Accretion of discounts and amortization of premiums on securities, net

592

567

-

-

-

-

-

-

-

-

-

Accretion of premium on time deposits

-60

-82

-

-

-

-

-

-

-

-

-

Deferred gains recognized on other real estate owned

-

-

-

-

-

-73

-

-

-

-

-

Gains on sale of premises and equipment

-

-

-

-

-

-

-

-

-

-

9

Income from bank owned life insurance

-

-

-

-

373

367

358

14

-

-

-

Gain on termination of postretirement benefit

-

-

-

-

-

-

543

-

-

-

-

Accretion of discounts and amortization of premiums on securities, net

-

-

-631

-842

-721

-655

-859

-885

-511

-330

-

Accretion of premium on time deposits

-

-

-104

-167

-227

-

-

-

-

-

-

Stock-based compensation

183

189

141

113

99

-

-

-

-

-

-

Excess tax benefits on stock-based compensation

2

7

14

0

-

-

-

-

-

-

-

Gains on disposal of premises and equipment

-14

-2

-

-

-

-

-

-

-

-

-

Bargain purchase gain on branch acquisition

-

-

-

-

201

-

-

-

-

-

-

Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property

-

-

-252

-8

-

-2

-601

2

-

-

-

Compensation expense for ESOP shares allocated

-

-

-

-

-

-

-

-

-

42

-

Accretion of discounts and amortization of premiums on securities, net

-

-

-

-

-

-

-

-

-

-

237

Compensation expense for ESOP shares allocated

-

-

-

-

-

-

-

-

-

-

190

Deferred income tax benefit

-8

135

1,283

428

134

1,971

-4,776

-

6,442

-3,986

-1,850

Changes in assets and liabilities:
Increase in interest receivable

-48

197

170

85

400

-41

-157

-161

-47

-43

-53

Decrease (increase) in other assets

820

-1,331

1,202

-26

-40

636

-143

-3,620

1,186

-435

1,611

Increase in accrued expenses and other liabilities

448

-364

-2,224

406

161

372

660

705

-387

-1,521

788

Net cash provided by operating activities

-

-

-

-

4,601

7,006

8,681

12,218

-

-

-

Net cash provided by operating activities

11,851

13,758

6,569

9,009

-

-

-

-

10,436

7,301

4,295

Cash Flows from Investing Activities
Proceeds from maturities, calls, and principal payments of securities available for sale

22,031

15,694

28,157

22,826

17,725

35,781

-

-

-

-

-

Proceeds from sales of securities available for sale

-

-

-

-

-

-

1,850

26,158

3,532

1,509

-

Proceeds from sale of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

-

-

2,070

Proceeds from maturities, calls, and principal payments of securities available for sale

-

-

-

-

-

-

22,037

29,121

23,176

12,716

15,269

Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities

-

-

4,981

12,821

2,341

0

-

-

-

-

-

Proceeds from maturities, calls, and principal payments of securities held to maturity

2,240

4,617

-

-

-

-

-

-

-

-

-

Proceeds from redemption of restricted securities

-

-

-

-

-

438

170

831

378

273

-

Purchases of securities available for sale

17,002

27,632

23,170

13,615

40,723

14,219

42,073

54,096

56,690

15,278

19,653

Purchases of securities held to maturity

-

-

-

-

68,995

-

-

-

-

-

-

Net purchase of restricted securities

118

118

22

157

25

-

-

30

-

-

-

Purchases of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

-

-

2,049

Decrease in federal funds sold

-

-

-

-

-

-

-

-

7,500

-7,500

-

Purchase of premises and equipment

1,030

1,539

1,070

1,033

1,999

475

548

553

472

379

1,116

Proceeds from sale of premises and equipment

-

15

0

23

-

22

2

2

-

-

225

Proceeds from sale of other real estate owned

-

416

441

2,882

717

1,502

3,618

5,438

3,321

2,506

187

Purchase of bank owned life insurance

3,000

-

11

2,011

12

12

-

9,000

-

-

-

Proceeds from cash value of bank owned life insurance

-

347

380

250

-

-

-

-

-

-

-

Net increase in loans

32,015

21,640

36,229

47,308

63,346

22,982

-23,731

149

-18,994

-2,539

-4,756

Acquisition of branches, net cash paid

-

-

-

-

-179,501

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

25,184

55

8,787

-2,278

-

-

-

Net cash used in investing activities

-28,894

-29,840

-26,543

-25,322

-

-

-

-

-261

-3,614

-311

Cash Flows from Financing Activities
Net increase in demand deposits and savings accounts

37,531

9,018

-

-

-

-

-

-

-

-

-

Net increase in demand deposits and savings accounts

-

-

25,186

31,128

17,514

15,649

20,236

26,811

22,259

30,492

13,043

Net decrease in time deposits

-1,595

-3,350

-5,672

-12,507

-21,311

-22,022

-36,442

-29,066

-16,587

-30,878

3,350

Decrease in federal funds purchased

-

-

-

-

52

-52

-

-

-

-

2,456

Net increase in other borrowings

-

-

-

-

-26

-

-

-

-

-

-

Principal payments on other borrowings

-

-

-

-

-

6,026

24

13,026

43,024

23,666

71,211

Proceeds from subordinated debt, net of issuance costs

-

-

-

-

4,910

-

-

-

-

-

-

Net increase in other borrowings

-

-

-

-

-

-

-

2

42,002

23,602

46,000

Proceeds from issuance of preferred stock

-

-

-

-

-

-

-

-

-

-

13,900

Cash dividends paid on common stock, net of reinvestment

1,674

929

646

550

454

342

-

-

540

1,433

1,529

Net proceeds from issuance of common stock

-

-

-

-

-

-

-

7,601

-

-

-

Cash dividends paid on preferred stock

-

-

-

-

1,281

1,035

758

758

758

758

509

Repurchase of common stock

-

-

0

-

1

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

-

14,595

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-15,296

-13,724

-16,988

-8,436

-

-

-

Shares issued to leveraged ESOP

-

-

-

-

-

-

-

-

-

-26

-85

Net cash provided by financing activities

34,210

4,714

18,868

18,071

-

-

-

-

3,352

-2,667

503

Increase in cash and cash equivalents

17,167

-11,368

-

-

-

-

-

-

-

-

-

Decrease in cash and cash equivalents

-

-

-1,106

1,758

14,489

-6,663

480

1,504

13,527

1,020

4,487

Supplemental Disclosures of Cash Flow Information
Interest

4,903

3,553

2,486

-

-

-

-

-

-

-

-

Income taxes

2,178

1,343

-

-

-

-

-

-

-

-

-

Interest

-

-

-

2,172

1,685

1,820

2,818

4,247

5,635

7,088

9,381

Income taxes

-

-

3,377

1,974

929

601

310

1,010

-

3,671

515

Supplemental Disclosures of Noncash Investing and Financing Activities
Unrealized gains on securities available for sale

3,636

-951

-

-

-

-

-

-

-

-

-

Unrealized gains (losses) on securities available for sale

-

-

-35

-1,012

-90

1,510

-3,482

1,396

1,715

-425

1,181

Unrealized losses on securities transferred from held to maturity to available for sale

-431

-

-

-

-

-

-

-

-

-

-

Fair value of securities transferred from held to maturity to available for sale

23,036

-

-

-

-

-

-

-

-

-

-

Change in pension liability

-

126

-

-

-

-

-

-

-

-

-

Change in pension liability

-

-

126

2,115

38

1,888

-2,364

454

898

379

-1,101

Transfer from loans to loans held for sale

-

-

-

-

-

1,450

-

-

-

-

-

Transfer from loans to other real estate owned

-

-

0

37

1,664

139

-

-

8,117

2,865

3,142

Transfer from loans to other real estate owned

-

68

-

-

-

-

764

5,578

-

-

-

Transfer from premises and equipment to other real estate owned

-

-

326

250

-

-

881

-

-

-

-

Issuance of common stock, dividend reinvestment plan

-

-

46

41

37

26

-

-

-

-

-

Assets acquired

-

-

-

-

193,638

-

-

-

-

-

-

Liabilities assumed

-

-

-

-

186,819

-

-

-

-

-

-

Net assets acquired

-

-

-

-

6,819

-

-

-

-

-

-

Transfer from other assets to other real estate owned

-

-

-

-

-

-

391

-

-

-

-

Issuance of common stock, dividend reinvestment plan

113

62

-

-

-

-

-

-

-

-

-

Issuance of common stock dividend reinvestment plan

-

-

-

-

-

-

-

-

71

212

105

First National Corporation 2014 Stock Incentive Plan [Member]
Repurchase of common stock

20

24

-

-

-

-

-

-

-

-

-

Employee Stock Ownership Plan [Member]
Repurchase of common stock

32

1

-

-

-

-

-

-

-

-

-