First national corp /va/ (FXNC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and Dividend Income
Interest and fees on loans

28,958

26,874

24,082

21,662

19,138

17,777

18,844

21,062

22,907

24,874

24,691

Interest on federal funds sold

-

-

-

-

-

-

-

12

18

2

5

Interest on deposits in banks

503

539

335

238

197

38

61

30

18

15

1

Interest and dividends on securities:
Taxable interest

2,705

3,024

2,569

2,692

2,358

2,144

1,870

1,924

2,152

1,722

2,092

Tax-exempt interest

628

610

583

564

395

358

307

327

483

541

576

Dividends

103

91

83

81

77

82

75

77

70

61

49

Total interest and dividend income

32,897

31,138

27,652

25,237

22,165

20,399

21,157

23,432

25,648

27,215

27,414

Interest Expense
Interest on deposits

4,104

2,755

1,723

1,353

1,150

1,442

2,368

3,707

4,843

5,903

7,753

Interest on federal funds purchased

1

-

-

3

2

3

-

-

-

12

37

Interest on subordinated debt

360

360

360

361

62

-

-

-

-

-

-

Interest on junior subordinated debt

420

397

303

259

224

218

-

-

-

-

-

Interest on other borrowings

2

-

-

-

-

-

-

-

-

-

-

Interest on trust preferred capital notes

-

-

-

-

-

-

222

238

386

439

-

Interest on trust preferred capital notes

-

-

-

-

-

-

-

-

-

-

470

Interest on other borrowings

-

-

-

6

3

115

119

222

221

460

824

Total interest expense

4,887

3,512

2,386

1,982

1,441

1,778

2,709

4,167

5,450

6,814

9,084

Net interest income

28,010

27,626

25,266

23,255

20,724

18,621

18,448

19,265

20,198

20,401

18,330

Provision for loan losses

-

-

100

0

-100

-3,850

-425

3,555

12,380

-

-

Provision for loan losses

450

600

-

-

-

-

-

-

-

11,731

2,300

Net interest income after provision for loan losses

27,560

27,026

25,166

23,255

20,824

22,471

18,873

15,710

7,818

8,670

16,030

Noninterest Income
Noninterest income

7,810

7,717

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts

-

-

3,028

3,512

3,042

2,572

2,204

2,127

2,237

2,618

2,539

ATM and check card fees

-

-

2,140

2,037

1,895

1,419

1,425

1,481

1,535

1,432

1,196

Wealth management fees

-

-

1,447

1,362

1,975

1,915

1,696

1,450

1,407

-

-

Trust and investment advisory fees

-

-

-

-

-

-

-

-

-

1,244

-

Trust and investment advisory fees

-

-

-

-

-

-

-

-

-

-

1,126

Fees for other customer services

-

-

570

581

606

397

391

390

369

327

333

Income from bank owned life insurance

456

840

720

527

373

367

358

14

-

-

-

Net gains (losses) on securities available for sale

1

-1

-

-

-

-

-

-

-

-

-

Net losses on securities available for sale

-

-

-90

8

-55

696

-

1,285

59

-7

10

Net gains on sale of premises and equipment

-

-

-

-

-

-

-

-

-

-

9

Net gains on sale of loans

170

86

172

144

201

20

193

214

131

263

210

Other operating income

115

515

305

322

104

58

121

211

61

205

154

Total noninterest income

8,552

9,157

8,292

8,493

8,342

7,444

6,931

7,172

5,799

6,082

5,577

Noninterest Expense
Salaries and employee benefits

13,567

13,287

12,923

12,939

13,850

10,586

10,528

9,590

9,460

9,080

8,697

Occupancy

1,652

1,598

1,482

1,533

1,452

1,211

1,282

1,343

1,354

1,389

1,348

Equipment

1,645

1,649

1,636

1,634

1,501

1,191

1,208

1,208

1,272

1,372

1,416

Marketing

651

548

576

562

530

426

345

430

425

503

532

Supplies

338

334

365

450

783

333

288

308

323

375

507

Legal and professional fees

1,086

986

886

884

1,336

1,019

975

975

969

802

880

ATM and check card expense

897

809

-

-

-

-

-

-

-

-

-

ATM and check card expense

-

-

805

866

781

661

668

649

661

827

734

FDIC assessment

45

294

316

426

384

454

884

709

768

730

973

Bank franchise tax

538

468

436

372

513

410

279

260

416

426

331

Provision for other real estate owned

-

-

-

-

-

-

-

-

-

-2,640

-994

Other real estate owned, net

-

-

-

-

-

-

-

-

3,040

242

156

Net (gains) losses on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-19

-

Telecommunications expense

-

-

416

451

436

300

283

245

300

289

265

Data processing expense

705

673

620

593

700

518

376

347

306

256

263

Postage expense

-

-

211

238

341

189

-

-

-

-

-

Amortization of Intangible Assets

-

-

621

771

642

-

-

-

-

-

-

Amortization expense

302

458

-

-

-

16

-

-

-

-

-

Other real estate owned expense (income), net

-1

20

-

-

-

-

-

-

-

-

-

Bargain purchase gain

-

-

-

-

201

-

-

-

-

-

-

Gain on termination of postretirement benefit

-

-

-

-

-

-

543

-

-

-

-

Net gains on disposal of premises and equipment

-14

-2

-

-

-

-

-

-

-

-

-

Other real estate owned income, net

-

-

186

120

-352

213

-1,115

-1,355

-

-

-

Net losses on disposal of premises and equipment

-

-

-252

-8

-

-2

-601

2

-

-

-

Loss on lease termination

-

-

-

-

-

-

-263

-

-

-

-

Other operating expense

2,877

2,675

1,925

1,881

1,954

1,682

1,655

1,700

1,449

1,611

1,607

Total noninterest expense

24,318

23,761

23,284

23,488

25,555

18,785

20,750

19,117

20,743

20,561

18,703

Income before income taxes

11,794

12,422

10,174

8,260

3,611

11,130

5,054

3,765

-

-

-

Income before income taxes

-

-

-

-

-

-

-

-

-7,126

-5,809

2,904

Income tax expense

2,238

2,287

3,726

2,353

956

3,499

-4,820

965

3,835

-2,206

755

Net income

9,556

10,135

6,448

5,907

2,655

7,631

9,874

2,800

-10,961

-3,603

2,149

Effective dividend on preferred stock

-

-

-

-

1,113

1,138

913

904

894

887

-

Effective dividend on preferred stock

-

-

-

-

-

-

-

-

-

-

704

Net income available to common shareholders

-

-

-

-

1,542

6,493

8,961

1,896

-11,855

-4,490

1,445

Earnings per common share
Basic (in dollars per share)

1.92

2.05

1.30

1.20

0.31

1.32

-

-

-

-

-

Diluted (in dollars per share)

1.92

2.04

1.30

1.20

0.31

1.32

-

-

-

-

-

Earnings per common share, basic and diluted

-

-

-

-

-

-

1.83

0.48

-4.01

-1.53

0.49

Deposit Account [Member]
Noninterest income

2,926

3,178

-

-

-

-

-

-

-

-

-

Credit and Debit Card [Member]
Noninterest income

2,330

2,256

-

-

-

-

-

-

-

-

-

Asset Management [Member]
Noninterest income

1,868

1,682

-

-

-

-

-

-

-

-

-

Financial Service, Other [Member]
Noninterest income

686

601

-

-

-

-

-

-

-

-

-