FIRST NATIONAL CORP /VA/ FXNC Income Statement

First national corp /va/ (FXNC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and Dividend Income
Interest and fees on loans
7,203	7,333	7,429	7,200	6,996	7,106	6,917	6,546	6,305	6,365	6,138	5,933	5,646	5,556	5,500	5,370	5,236	5,056	4,854	4,688	4,540	4,623	4,536	4,403	4,215	4,422	4,673	4,816	4,933	5,061	5,189	5,265	5,547	5,590	5,666	5,818	5,833	6,239	6,229
Interest on federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3	6	3	5	2	4	7	1	-
Interest on deposits in banks
118	163	97	133	110	105	88	186	160	96	92	86	61	55	73	62	48	63	61	68	5	5	3	14	16	16	18	17	10	11	11	5	3	3	3	5	7	5	2
Interest and dividends on securities:
Taxable interest
670	627	645	696	737	771	797	776	680	636	637	634	662	655	613	683	741	747	713	540	358	484	536	562	562	557	498	443	372	381	494	514	535	534	595	572	451	398	432
Tax-exempt interest
151	156	157	159	156	153	156	156	145	147	148	145	143	139	136	142	147	137	116	78	64	82	86	95	95	79	79	76	73	99	55	71	102	118	121	121	123	132	142
Dividends
26	27	26	26	24	24	23	22	22	21	21	21	20	21	20	21	19	18	20	18	21	20	20	21	21	19	18	19	19	21	19	19	18	20	16	17	17	15	16
Total interest and dividend income
8,168	8,306	8,354	8,214	8,023	8,159	7,981	7,686	7,312	7,265	7,036	6,819	6,532	6,426	6,342	6,278	6,191	6,021	5,764	5,392	4,988	5,214	5,181	5,095	4,909	5,093	5,286	5,371	5,407	5,573	5,771	5,880	6,208	6,270	6,403	6,537	6,438	6,790	6,821
Interest Expense
Interest on deposits
962	1,042	1,089	1,051	922	798	702	665	590	489	446	405	383	353	338	329	333	302	282	266	300	327	343	372	400	458	572	632	706	834	928	959	986	1,033	1,204	1,303	1,303	1,397	1,501
Interest on federal funds purchased
-	-	1	-	-	-	-	-	-	-	-	-	-	0	0	0	3	0	0	1	1	-	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	6
Interest on subordinated debt
90	91	90	90	89	91	91	89	89	91	91	89	89	91	91	89	90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on junior subordinated debt
90	98	103	108	111	105	105	101	86	80	79	76	68	69	65	64	61	59	56	55	54	-	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on other borrowings
-	0	0	0	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on trust preferred capital notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54	54	56	55	55	56	56	60	60	62	-	109	109	-	-	-
Interest on trust preferred capital notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	109	112	109
Interest on other borrowings
-	-	-	-	-	-	-	-	0	-	-	-	-	0	1	0	5	0	0	2	1	26	30	30	29	30	30	30	29	29	47	66	80	46	42	42	91	104	103
Total interest expense
1,142	1,231	1,283	1,249	1,124	994	898	855	765	660	616	570	540	513	495	482	492	423	338	324	356	409	430	456	483	544	657	717	791	919	1,035	1,085	1,128	1,138	1,355	1,454	1,503	1,614	1,719
Net interest income
7,026	7,075	7,071	6,965	6,899	7,165	7,083	6,831	6,547	6,605	6,420	6,249	5,992	5,913	5,847	5,796	5,699	5,598	5,426	5,068	4,632	4,805	4,751	4,639	4,426	4,549	4,629	4,654	4,616	4,654	4,736	4,795	5,080	5,132	5,048	5,083	4,935	5,176	5,102
Provision for loan losses
-	-	-	-	-	-	-	-	100	100	0	0	0	0	0	0	0	0	0	-100	0	-3,150	-100	-400	-200	-3,450	275	2,500	250	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
900	-	-	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	805	650	2,000	-	5,575	3,550	270	1,200	1,000
Net interest income after provision for loan losses
6,126	6,825	7,071	6,765	6,899	6,665	7,083	6,831	6,447	6,505	6,420	6,249	5,992	5,913	5,847	5,796	5,699	5,598	5,426	5,168	4,632	7,955	4,851	5,039	4,626	7,499	4,354	2,154	4,866	4,554	3,931	4,145	3,080	2,147	-527	1,533	4,665	3,976	4,102
Noninterest Income
Noninterest income
1,932	2,084	1,997	1,899	1,830	-	1,924	1,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	762	778	760	735	755	877	941	914	780	846	897	752	547	644	655	643	630	654	627	464	459	558	544	523	502	611	590	535	501	668	682
ATM and check card fees
-	-	-	-	-	-	-	-	519	596	516	527	501	505	529	515	488	520	529	497	349	352	367	365	335	354	373	365	333	353	369	387	372	363	391	410	371	378	366
Wealth management fees
-	-	-	-	-	-	-	-	407	386	359	355	347	353	339	334	336	496	477	499	503	465	494	472	484	463	406	375	452	-	-	-	-	-	-	-	-	-	-
Trust and investment advisory fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	365	-	-	-	-	-	-	-	-
Trust and investment advisory fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	368	346	-	-	-	-	-	-
Trust and investment advisory fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	350	384	-	-	-
Trust and investment advisory fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	342	330	294
Fees for other customer services
-	-	-	-	-	-	-	-	153	162	131	137	140	154	143	137	147	143	172	184	107	90	94	126	87	89	86	128	88	107	78	107	98	138	84	74	73	75	91
Income from bank owned life insurance
115	123	131	99	103	97	107	77	559	408	117	102	93	211	123	107	86	103	106	90	74	101	103	89	74	-	68	-	-	-	-	-	-	-	-	-	-	-	-
Net losses on securities available for sale
-	-	-	-	-	-	-	-	-	-	11	13	-	-2	4	0	6	-3	0	0	-52	-	-91	22	-	-	-	-	-	0	167	1	1,117	-	0	41	-	-9	-
Net gains on sale of loans
31	89	34	25	22	23	39	15	9	51	54	34	33	42	50	31	21	43	53	50	55	-	-	-	-	22	47	65	59	71	51	49	43	37	25	22	47	76	25
Other operating income
21	44	29	12	30	107	108	76	224	89	69	75	72	-13	182	74	79	50	10	36	8	12	32	8	6	-644	18	640	107	115	33	27	36	3	33	19	6	-10	31
Total noninterest income
2,099	2,341	2,191	2,035	1,985	2,279	2,178	2,067	2,633	2,356	2,017	1,978	1,941	2,127	2,311	2,112	1,943	2,198	2,244	2,309	1,591	2,449	1,654	1,725	1,616	1,771	1,625	2,037	1,498	1,587	1,609	1,462	2,514	1,501	1,473	1,485	1,340	1,508	1,489
Noninterest Expense
Salaries and employee benefits
3,589	3,193	3,556	3,375	3,443	3,306	3,371	3,227	3,383	3,338	3,221	3,122	3,242	2,897	3,183	3,415	3,444	3,491	3,637	3,597	3,125	2,855	2,668	2,554	2,509	3,040	2,411	2,443	2,634	2,435	2,398	2,388	2,369	2,593	2,299	2,280	2,288	2,239	2,290
Occupancy
402	415	398	401	438	424	387	387	400	388	379	348	367	364	380	365	424	400	396	339	317	315	303	278	315	302	306	296	378	347	333	337	326	335	347	331	341	358	351
Equipment
410	406	410	409	420	410	396	420	423	428	400	400	408	402	406	394	432	398	400	422	281	293	299	295	304	319	302	288	299	301	294	307	306	299	325	323	325	344	343
Marketing
106	128	143	239	141	155	123	161	109	166	138	136	136	210	125	120	107	94	176	163	97	77	114	126	109	41	81	113	110	137	120	95	78	111	109	100	105	142	128
Supplies
89	88	86	91	73	91	75	88	80	88	81	105	91	138	108	103	101	93	116	229	345	75	84	94	80	66	66	81	75	74	67	86	81	69	88	87	79	110	85
Legal and professional fees
279	311	231	303	241	343	229	223	191	228	216	245	197	238	179	156	311	450	243	431	212	320	250	247	202	340	237	219	179	234	293	198	250	223	276	269	201	210	194
ATM and check card expense
245	231	225	225	216	-	217	211	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC assessment, refund
-	-	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ATM and check card expense
-	-	-	-	-	-	-	-	203	209	205	229	162	211	229	221	205	200	236	190	155	168	167	163	163	166	176	168	158	169	161	163	156	169	162	159	171	219	209
FDIC assessment
30	-53	-6	35	69	68	78	66	82	76	84	77	79	72	106	126	122	119	134	64	67	70	90	122	172	174	189	180	341	176	176	179	178	180	181	217	190	177	184
Bank franchise tax
153	136	136	136	130	117	118	118	115	111	111	110	104	90	89	90	103	130	131	130	122	105	106	105	94	70	71	70	68	61	62	61	76	104	103	104	105	109	109
Other real estate owned, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	252	376	-	-	-	-	-	-	-	-	-	-	-
Provision for other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-401	-	-927	-46	-130	-111	-40
Other real estate owned, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	107	-	78	106	253	2,715	133	66	126	30	115
Net (gains) losses on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90	-	-	-	-	29	-
Telecommunications expense
-	-	82	79	-	-	83	98	36	103	95	108	110	112	110	115	114	120	131	100	85	81	75	73	71	71	72	78	62	61	62	61	61	61	63	86	90	72	70
Data processing expense
184	179	174	179	173	173	168	170	162	165	153	152	150	159	160	146	128	157	130	226	187	140	129	134	115	99	99	95	83	77	102	78	90	85	79	79	63	66	-
Postage expense
-	-	43	44	-	-	42	42	61	14	62	74	61	56	56	57	69	71	73	80	117	52	49	49	39	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Intangible Assets
-	-	-	-	-	-	-	-	131	141	151	160	169	179	187	198	207	-	226	196	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization expense
52	61	71	80	90	-	108	120	-	-	-	-	-	-	-	-	-	-	-	-	4	-	4	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned expense (income), net
-	-	-	-	-	-	-2	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	201	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on disposal of premises and equipment
9	-	-	-	-	-	-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	-	-	-	-	-	-	-
Other real estate owned income, net
-	-	-	-	-	-	-	-	23	192	0	-4	-2	0	-1	49	72	-92	-144	-152	36	197	-23	70	-31	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net losses on disposal of premises and equipment
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-8	-	-	-	-	-	-	0	0	0	-2	-598	206	-3	-206	-	-	-	-	-	-	-	-	-	-
Other operating expense
614	942	637	634	664	1,079	551	532	513	506	511	435	473	507	526	426	422	481	528	536	409	463	438	374	407	509	386	350	410	445	511	375	369	415	332	361	341	348	407
Total noninterest expense
6,144	5,804	6,186	6,230	6,098	6,081	5,950	5,864	5,866	6,021	5,807	5,705	5,751	5,635	5,853	5,883	6,117	6,512	6,701	6,855	5,487	4,871	4,753	4,548	4,613	6,232	4,648	4,760	5,110	5,122	4,657	4,434	4,904	6,284	5,388	4,516	4,555	4,506	4,525
Income before income taxes
2,081	3,362	3,076	2,570	2,786	2,863	3,311	3,034	3,214	2,840	2,630	2,522	2,182	2,405	2,305	2,025	1,525	1,284	969	622	736	5,533	1,752	2,216	1,629	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	-8	-	-	-
Income before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,331	-569	1,254	-	883	1,173	690	-2,636	-4,442	-1,498	1,450	978	1,066
Income tax expense
376	646	583	484	525	542	635	583	527	1,523	798	766	639	724	611	592	426	343	243	178	192	1,837	505	674	483	-4,352	91	-830	271	76	195	479	215	5,497	-1,556	-553	447	284	313
Net income
1,705	2,716	2,493	2,086	2,261	2,321	2,676	2,451	2,687	1,317	1,832	1,756	1,543	1,681	1,694	1,433	1,099	941	726	444	544	3,696	1,247	1,542	1,146	7,390	1,240	261	983	943	688	694	475	-8,133	-2,886	-945	1,003	694	753
Effective dividend on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	128	328	328	329	328	329	261	220	228	229	230	226	226	226	227	225	-	224	223	-	-	-
Effective dividend on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	223	221	221
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	813	398	116	215	3,368	918	1,281	926	7,162	1,011	31	757	717	462	467	250	-8,357	-3,110	-1,168	780	473	532
Earnings per common share
Basic (in dollars per share)
0.34	0.54	0.50	0.42	0.46	0.48	0.54	0.49	0.54	0.26	0.37	0.36	0.31	0.35	0.34	0.29	0.22	0.17	0.08	0.02	0.04	0.68	0.19	0.26	0.19	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.34	0.54	0.50	0.42	0.46	0.47	0.54	0.49	0.54	0.26	0.37	0.36	0.31	0.35	0.34	0.29	0.22	0.17	0.08	0.02	0.04	0.68	0.19	0.26	0.19	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per common share, basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.46	0.21	0.01	0.15	0.15	0.09	0.16	0.08	-2.82	-1.05	-0.40	0.26	0.16	0.18
Deposit Account [Member]
Noninterest income
681	753	757	715	701	-	818	784	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit and Debit Card [Member]
Noninterest income
519	654	586	573	517	-	540	555	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Management [Member]
Noninterest income
525	496	477	458	437	-	423	409	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial Service, Other [Member]
Noninterest income
207	181	177	153	175	-	143	151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-