FIRST NATIONAL CORP /VA/ FXNC Income Statement

First national corp /va/ (FXNC)

Income statement / TTM

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
29,165	28,958	28,731	28,219	27,565	26,874	26,133	25,354	24,741	24,082	23,273	22,635	22,072	21,662	21,162	20,516	19,834	19,138	18,705	18,387	18,102	17,777	17,576	17,713	18,126	18,844	19,483	19,999	20,448	21,062	21,591	22,068	22,621	22,907	23,556	24,119	0	0	0
Interest on federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	17	16	14	18	14	0	0	0	-
Interest on deposits in banks
511	503	445	436	489	539	530	534	434	335	294	275	251	238	246	234	240	197	139	81	27	38	49	64	67	61	56	49	37	30	22	14	14	18	20	19	0	0	0
Interest and dividends on securities:
Taxable interest
2,638	2,705	2,849	3,001	3,081	3,024	2,889	2,729	2,587	2,569	2,588	2,564	2,613	2,692	2,784	2,884	2,741	2,358	2,095	1,918	1,940	2,144	2,217	2,179	2,060	1,870	1,694	1,690	1,761	1,924	2,077	2,178	2,236	2,152	2,016	1,853	0	0	0
Tax-exempt interest
623	628	625	624	621	610	604	596	585	583	575	563	560	564	562	542	478	395	340	310	327	358	355	348	329	307	327	303	298	327	346	412	462	483	497	518	0	0	0
Dividends
105	103	100	97	93	91	88	86	85	83	83	82	82	81	78	78	75	77	79	79	82	82	81	79	77	75	77	78	78	77	76	73	71	70	65	65	0	0	0
Total interest and dividend income
33,042	32,897	32,750	32,377	31,849	31,138	30,244	29,299	28,432	27,652	26,813	26,119	25,578	25,237	24,832	24,254	23,368	22,165	21,358	20,775	20,478	20,399	20,278	20,383	20,659	21,157	21,637	22,122	22,631	23,432	24,129	24,761	25,418	25,648	26,168	26,586	0	0	0
Interest Expense
Interest on deposits
4,144	4,104	3,860	3,473	3,087	2,755	2,446	2,190	1,930	1,723	1,587	1,479	1,403	1,353	1,302	1,246	1,183	1,150	1,175	1,236	1,342	1,442	1,573	1,802	2,062	2,368	2,744	3,100	3,427	3,707	3,906	4,182	4,526	4,843	5,207	5,504	0	0	0
Interest on federal funds purchased
-	-	0	-	-	-	-	-	-	-	-	-	-	3	3	3	4	2	4	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Interest on subordinated debt
361	360	360	361	360	360	360	360	360	360	360	360	360	361	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on junior subordinated debt
399	420	427	429	422	397	372	346	321	303	292	278	266	259	249	240	231	224	220	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on other borrowings
-	2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on trust preferred capital notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	219	220	222	222	227	232	238	291	340	0	-	0	0	-	-	-
Interest on trust preferred capital notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Interest on other borrowings
-	-	-	-	-	-	-	-	0	-	-	-	-	6	6	5	7	3	29	59	87	115	119	119	119	119	118	135	171	222	239	234	210	221	279	340	0	0	0
Total interest expense
4,905	4,887	4,650	4,265	3,871	3,512	3,178	2,896	2,611	2,386	2,239	2,118	2,030	1,982	1,892	1,735	1,577	1,441	1,427	1,519	1,651	1,778	1,913	2,140	2,401	2,709	3,084	3,462	3,830	4,167	4,386	4,706	5,075	5,450	5,926	6,290	0	0	0
Net interest income
28,137	28,010	28,100	28,112	27,978	27,626	27,066	26,403	25,821	25,266	24,574	24,001	23,548	23,255	22,940	22,519	21,791	20,724	19,931	19,256	18,827	18,621	18,365	18,243	18,258	18,448	18,553	18,660	18,801	19,265	19,743	20,055	20,343	20,198	20,242	20,296	0	0	0
Provision for loan losses
-	-	-	-	-	-	-	-	200	100	0	0	0	0	0	0	-100	-100	-3,250	-3,350	-3,650	-3,850	-4,150	-3,775	-875	-425	0	0	0	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	10,595	6,020	0	0	0
Net interest income after provision for loan losses
26,787	27,560	27,400	27,412	27,478	27,026	26,866	26,203	25,621	25,166	24,574	24,001	23,548	23,255	22,940	22,519	21,891	20,824	23,181	22,606	22,477	22,471	22,015	21,518	18,633	18,873	15,928	15,505	17,496	15,710	13,303	8,845	6,233	7,818	9,647	14,276	0	0	0
Noninterest Income
Noninterest income
7,912	7,810	7,650	7,552	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	3,035	3,028	3,127	3,308	3,487	3,512	3,481	3,437	3,275	3,042	2,840	2,598	2,489	2,572	2,582	2,554	2,375	2,204	2,108	2,025	2,084	2,127	2,180	2,226	2,238	2,237	2,294	2,386	0	0	0
ATM and check card fees
-	-	-	-	-	-	-	-	2,158	2,140	2,049	2,062	2,050	2,037	2,052	2,052	2,034	1,895	1,727	1,565	1,433	1,419	1,421	1,427	1,427	1,425	1,424	1,420	1,442	1,481	1,491	1,513	1,536	1,535	1,550	1,525	0	0	0
Wealth management fees
-	-	-	-	-	-	-	-	1,507	1,447	1,414	1,394	1,373	1,362	1,505	1,643	1,808	1,975	1,944	1,961	1,934	1,915	1,913	1,825	1,728	1,696	0	0	0	-	-	-	-	-	-	-	-	-	-
Trust and investment advisory fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Trust and investment advisory fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-
Trust and investment advisory fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Trust and investment advisory fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Fees for other customer services
-	-	-	-	-	-	-	-	583	570	562	574	574	581	570	599	646	606	553	475	417	397	396	388	390	391	409	401	380	390	421	427	394	369	306	313	0	0	0
Income from bank owned life insurance
468	456	430	406	384	840	1,151	1,161	1,186	720	523	529	534	527	419	402	385	373	371	368	367	367	334	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net losses on securities available for sale
-	-	-	-	-	-	-	-	-	-	0	0	-	8	7	3	3	-55	-143	-121	0	-	0	0	-	-	-	-	-	1,285	1,285	1,159	0	-	0	0	-	0	-
Net gains on sale of loans
179	170	104	109	99	86	114	129	148	172	163	159	156	144	145	148	167	201	0	0	0	-	-	-	-	193	242	246	230	214	180	154	127	131	170	170	0	0	0
Other operating income
106	115	178	257	321	515	497	458	457	305	203	316	315	322	385	213	175	104	66	88	60	58	-598	-612	20	121	880	895	282	211	99	99	91	61	48	46	0	0	0
Total noninterest income
8,666	8,552	8,490	8,477	8,509	9,157	9,234	9,073	8,984	8,292	8,063	8,357	8,491	8,493	8,564	8,497	8,694	8,342	8,593	8,003	7,419	7,444	6,766	6,737	7,049	6,931	6,747	6,731	6,156	7,172	7,086	6,950	6,973	5,799	5,806	5,822	0	0	0
Noninterest Expense
Salaries and employee benefits
13,713	13,567	13,680	13,495	13,347	13,287	13,319	13,169	13,064	12,923	12,482	12,444	12,737	12,939	13,533	13,987	14,169	13,850	13,214	12,245	11,202	10,586	10,771	10,514	10,403	10,528	9,923	9,910	9,855	9,590	9,748	9,649	9,541	9,460	9,106	9,097	0	0	0
Occupancy
1,616	1,652	1,661	1,650	1,636	1,598	1,562	1,554	1,515	1,482	1,458	1,459	1,476	1,533	1,569	1,585	1,559	1,452	1,367	1,274	1,213	1,211	1,198	1,201	1,219	1,282	1,327	1,354	1,395	1,343	1,331	1,345	1,339	1,354	1,377	1,381	0	0	0
Equipment
1,635	1,645	1,649	1,635	1,646	1,649	1,667	1,671	1,651	1,636	1,610	1,616	1,610	1,634	1,630	1,624	1,652	1,501	1,396	1,295	1,168	1,191	1,217	1,220	1,213	1,208	1,190	1,182	1,201	1,208	1,206	1,237	1,253	1,272	1,317	1,335	0	0	0
Marketing
616	651	678	658	580	548	559	574	549	576	620	607	591	562	446	497	540	530	513	451	414	426	390	357	344	345	441	480	462	430	404	393	398	425	456	475	0	0	0
Supplies
354	338	341	330	327	334	331	337	354	365	415	442	440	450	405	413	539	783	765	733	598	333	324	306	293	288	296	297	302	308	303	324	325	323	364	361	0	0	0
Legal and professional fees
1,124	1,086	1,118	1,116	1,036	986	871	858	880	886	896	859	770	884	1,096	1,160	1,435	1,336	1,206	1,213	1,029	1,019	1,039	1,026	998	975	869	925	904	975	964	947	1,018	969	956	874	0	0	0
ATM and check card expense
926	897	883	869	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC assessment, refund
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ATM and check card expense
-	-	-	-	-	-	-	-	846	805	807	831	823	866	855	862	831	781	749	680	653	661	659	668	673	668	671	656	651	649	649	650	646	661	711	758	0	0	0
FDIC assessment
6	45	166	250	281	294	302	308	319	316	312	334	383	426	473	501	439	384	335	291	349	454	558	657	715	884	886	873	872	709	713	718	756	768	765	768	0	0	0
Bank franchise tax
561	538	519	501	483	468	462	455	447	436	415	393	373	372	412	454	494	513	488	463	438	410	375	340	305	279	270	261	252	260	303	344	387	416	421	427	0	0	0
Other real estate owned, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Provision for other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-1,214	-327	0	0	0
Other real estate owned, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	3,152	3,207	3,167	3,040	355	337	0	0	0
Net (gains) losses on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	0	-
Telecommunications expense
-	-	323	324	-	-	320	332	342	416	425	440	447	451	459	480	465	436	397	341	314	300	290	287	292	283	273	263	246	245	245	246	271	300	311	318	0	0	0
Data processing expense
716	705	699	693	684	673	665	650	632	620	614	621	615	593	591	561	641	700	683	682	590	518	477	447	408	376	354	357	340	347	355	332	333	306	287	0	0	0	-
Postage expense
-	-	186	185	-	-	159	179	211	211	253	247	230	238	253	270	293	341	322	298	267	189	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Intangible Assets
-	-	-	-	-	-	-	-	583	621	659	695	733	771	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization expense
264	302	349	398	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned expense (income), net
-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on disposal of premises and equipment
0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Other real estate owned income, net
-	-	-	-	-	-	-	-	211	186	-6	-7	46	120	28	-115	-316	-352	-63	58	280	213	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net losses on disposal of premises and equipment
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-2	-600	-394	-397	-601	0	0	0	-	-	-	-	-	-	-	-	-	-
Other operating expense
2,827	2,877	3,014	2,928	2,826	2,675	2,102	2,062	1,965	1,925	1,926	1,941	1,932	1,881	1,855	1,857	1,967	1,954	1,936	1,846	1,684	1,682	1,728	1,676	1,652	1,655	1,591	1,716	1,741	1,700	1,670	1,491	1,477	1,449	1,382	1,457	0	0	0
Total noninterest expense
24,364	24,318	24,595	24,359	23,993	23,761	23,701	23,558	23,399	23,284	22,898	22,944	23,122	23,488	24,365	25,213	26,185	25,555	23,914	21,966	19,659	18,785	20,146	20,041	20,253	20,750	19,640	19,649	19,323	19,117	20,279	21,010	21,092	20,743	18,965	18,102	0	0	0
Income before income taxes
11,089	11,794	11,295	11,530	11,994	12,422	12,399	11,718	11,206	10,174	9,739	9,414	8,917	8,260	7,139	5,803	4,400	3,611	7,860	8,643	10,237	11,130	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Income before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	110	-5,215	-7,886	-7,126	-3,512	1,996	0	0	0
Income tax expense
2,089	2,238	2,134	2,186	2,285	2,287	3,268	3,431	3,614	3,726	2,927	2,740	2,566	2,353	1,972	1,604	1,190	956	2,450	2,712	3,208	3,499	-2,690	-3,104	-4,608	-4,820	-392	-288	1,021	965	6,386	4,635	3,603	3,835	-1,378	491	0	0	0
Net income
9,000	9,556	9,161	9,344	9,709	10,135	9,131	8,287	7,592	6,448	6,812	6,674	6,351	5,907	5,167	4,199	3,210	2,655	5,410	5,931	7,029	7,631	11,325	11,318	10,037	9,874	3,427	2,875	3,308	2,800	-6,276	-9,850	-11,489	-10,961	-2,134	1,505	0	0	0
Effective dividend on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,113	1,313	1,314	1,247	1,138	1,038	938	907	913	911	908	905	904	902	899	0	-	0	0	-	-	-
Effective dividend on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,542	4,097	4,617	5,782	6,493	10,287	10,380	9,130	8,961	2,516	1,967	2,403	1,896	-7,178	-10,750	-12,385	-11,855	-3,025	617	0	0	0
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
2,906	2,926	2,991	3,018	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit and Debit Card [Member]
Noninterest income
2,332	2,330	2,216	2,185	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Management [Member]
Noninterest income
1,956	1,868	1,795	1,727	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial Service, Other [Member]
Noninterest income
718	686	648	622	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-