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FIRST NATIONAL CORP /VA/
American state commercial bank, incorporated in Virginia.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Tri-County Financial Group, Inc., First Internet Bank of Indiana or Metropolitan Bank Holding Corp., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Other Noninterest Income brought in 15% of the revenue FIRST NATIONAL CORP /VA/ broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Other Noninterest Income | $6.3M | $4.9M |
| ATM and Check Card Fees | $3.3M | $4.6M |
| Credit and Debit Card | $3.3M | $4.6M |
| Deposit Account | $3.1M | $4.0M |
| Service charges on deposit accounts | $3.1M | $4.0M |
| Asset Management | $3.6M | $3.6M |
| Wealth management fees | $3.6M | $3.6M |
| Fees for Other Customer Services | $966.0K | $1.2M |
| Financial Service, Other | $966.0K | $1.2M |
| Mortgage Banking | $252.0K | $649.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Income tax19¢$4.2M
- Profit81¢$17.7M
Out of $14.3M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Dividends paid22¢$5.5M
- Kept or used elsewhere78¢$19.6M
Out of $25.1M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Interest and fees on loans | $85.2M | $63.5M |
| Interest on deposits in banks | $6.9M | $6.5M |
| Interest on federal funds sold | $41.0K | $189.0K |
| Taxable interest | $5.9M | $4.7M |
| Tax-exempt interest | $1.2M | $1.2M |
| Dividends | $260.0K | $202.0K |
| Total interest and dividend income | $99.5M | $76.3M |
| Interest on deposits | $24.3M | $21.0M |
| Interest on federal funds purchased | $0 | $1.0K |
| Interest on subordinated debt | $1.7M | $603.0K |
| Interest on junior subordinated debt | $266.0K | $270.0K |
| Interest on other borrowings | $6.0K | $2.0M |
| Total interest expense | $26.3M | $23.9M |
| Net interest income | $73.2M | $52.5M |
| Provision for credit losses | $2.9M | $7.8M |
| Net interest income after provision for credit losses | $70.4M | $44.6M |
| Noninterest income | $14.3M | $14.2M |
| Income from bank owned life insurance | $1.1M | $755.0K |
| Net (losses) on securities available for sale | $0 | -$155.0K |
| Net gains on sale of loans held for sale | $8.0K | $0 |
| Net gain on subordinated debt payoff | $80.0K | $0 |
| Gain on sale of other investment | $0 | $40.0K |
| Bargain purchase gain | $304.0K | $2.9M |
| Other operating income | $1.5M | $1.6M |
| Total noninterest income | $17.0M | $16.4M |
| Salaries and employee benefits | $33.7M | $25.1M |
| Occupancy | $4.0M | $2.6M |
| Equipment | $4.3M | $3.1M |
| Marketing | $1.2M | $1.0M |
| Supplies | $780.0K | $489.0K |
| Legal and professional fees | $2.4M | $2.0M |
| ATM and check card expenses | $2.1M | $1.5M |
| FDIC assessment | $1.3M | $860.0K |
| Bank franchise tax | $1.4M | $1.0M |
| Data processing expense | $2.3M | $1.4M |
| Amortization expense | $1.8M | $461.0K |
| Other real estate (gain) loss and expense, net | -$7.0K | $15.0K |
| Net losses on disposal of premises and equipment | $0 | $48.0K |
| Merger expense | $2.2M | $8.1M |
| Other operating expense | $8.1M | $5.1M |
| Total noninterest expense | $65.4M | $52.9M |
| Income before income taxes | $21.9M | $8.0M |
| Income tax expense | $4.2M | $1.1M |
| Net income | $17.7M | $7.0M |
| Basic (in dollars per share) | $1.97 | $1.00 |
| Diluted (in dollars per share) | $1.96 | $1.00 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $20.8M | $24.9M | |
| Interest-bearing deposits in banks | $140.1M | $138.0M | |
| Cash and cash equivalents | $160.9M | $162.9M | |
| Securities available for sale, at fair value | $217.5M | $163.8M | |
| Securities held to maturity, at amortized cost (net of allowance for credit losses, 2025, $83, 2024, $95) | $102.9M | $109.7M | |
| Restricted securities, at cost | $5.6M | $3.7M | |
| Loans held for sale | $0 | $409.0K | |
| Loans, net of allowance for credit losses, 2025, $14,719, 2024, $16,400 | $1.4B | $1.5B | |
| Other real estate owned, net of valuation allowance, 2025, $0, 2024, $0 | $0 | $53.0K | $0 |
| Premises and equipment, net | $34.6M | $34.8M | |
| Accrued Investment Income Receivable | $6.5M | $6.0M | |
| Bank owned life insurance | $38.6M | $37.9M | |
| Core deposit intangibles, net | $13.2M | $15.0M | |
| Goodwill | $3.0M | $3.0M | |
| Other Assets | $20.2M | $22.7M | |
| Total assets | $2.0B | $2.0B | |
| Noninterest-bearing demand deposits | $509.9M | $520.2M | |
| Savings and interest-bearing demand deposits | $926.6M | $923.7M | |
| Time deposits | $363.1M | $359.9M | |
| Total deposits | $1.8B | $1.8B | |
| Other borrowings | $25.0M | $0 | |
| Subordinated debt | $8.3M | $21.2M | |
| Junior subordinated debt | $9.3M | $9.3M | |
| Accrued Interest Payable and Other Liabilities | $9.6M | $9.5M | |
| Total liabilities | $1.9B | $1.8B | |
| Preferred stock, par value $1.25 per share; authorized 1,000,000 shares; none issued and outstanding | $0 | $0 | |
| Common stock, par value $1.25 per share; authorized 16,000,000 shares; issued and outstanding, 2025, 9,025,395 shares, 2024, 8,974,102 shares | $11.3M | $11.2M | |
| Surplus | $78.2M | $77.1M | |
| Retained earnings | $108.9M | $96.9M | |
| Accumulated other comprehensive (loss), net | -$12.2M | -$18.7M | |
| Total shareholders equity | $186.2M | $166.5M | $116.3M |
| Total liabilities and shareholders equity | $2.0B | $2.0B | |
| Held to maturity, allowance for credit loss | $83.0K | $95.0K | |
| Allowance for Credit Loss | $14.7M | $16.4M | $12.0M |
| Other real estate owned, valuation allowance | $0 | $0 | |
| Preferred stock, par value (in dollars per share) | $1.25 | $1.25 | |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $1.25 | $1.25 | |
| Common stock, shares authorized (in shares) | 16.0M shares | 16.0M shares | |
| Common stock, shares issued (in shares) | 9.0M shares | 9.0M shares | |
| Common stock, shares outstanding (in shares) | 9.0M shares | 9.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $20.8M | $24.9M | |
| Interest-bearing deposits in banks | $140.1M | $138.0M | |
| Cash and cash equivalents | $160.9M | $162.9M | |
| Securities available for sale, at fair value | $217.5M | $163.8M | |
| Securities held to maturity, at amortized cost (net of allowance for credit losses, 2025, $83, 2024, $95) | $102.9M | $109.7M | |
| Restricted securities, at cost | $5.6M | $3.7M | |
| Loans held for sale | $0 | $409.0K | |
| Loans, net of allowance for credit losses, 2025, $14,719, 2024, $16,400 | $1.4B | $1.5B | |
| Other real estate owned, net of valuation allowance, 2025, $0, 2024, $0 | $0 | $53.0K | $0 |
| Premises and equipment, net | $34.6M | $34.8M | |
| Accrued Investment Income Receivable | $6.5M | $6.0M | |
| Bank owned life insurance | $38.6M | $37.9M | |
| Core deposit intangibles, net | $13.2M | $15.0M | |
| Goodwill | $3.0M | $3.0M | |
| Other Assets | $20.2M | $22.7M | |
| Total assets | $2.0B | $2.0B | |
| Noninterest-bearing demand deposits | $509.9M | $520.2M | |
| Savings and interest-bearing demand deposits | $926.6M | $923.7M | |
| Time deposits | $363.1M | $359.9M | |
| Total deposits | $1.8B | $1.8B | |
| Other borrowings | $25.0M | $0 | |
| Subordinated debt | $8.3M | $21.2M | |
| Junior subordinated debt | $9.3M | $9.3M | |
| Accrued Interest Payable and Other Liabilities | $9.6M | $9.5M | |
| Total liabilities | $1.9B | $1.8B | |
| Preferred stock, par value $1.25 per share; authorized 1,000,000 shares; none issued and outstanding | $0 | $0 | |
| Common stock, par value $1.25 per share; authorized 16,000,000 shares; issued and outstanding, 2025, 9,025,395 shares, 2024, 8,974,102 shares | $11.3M | $11.2M | |
| Surplus | $78.2M | $77.1M | |
| Retained earnings | $108.9M | $96.9M | |
| Accumulated other comprehensive (loss), net | -$12.2M | -$18.7M | |
| Total shareholders equity | $186.2M | $166.5M | $116.3M |
| Total liabilities and shareholders equity | $2.0B | $2.0B | |
| Held to maturity, allowance for credit loss | $83.0K | $95.0K | |
| Allowance for Credit Loss | $14.7M | $16.4M | $12.0M |
| Other real estate owned, valuation allowance | $0 | $0 | |
| Preferred stock, par value (in dollars per share) | $1.25 | $1.25 | |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $1.25 | $1.25 | |
| Common stock, shares authorized (in shares) | 16.0M shares | 16.0M shares | |
| Common stock, shares issued (in shares) | 9.0M shares | 9.0M shares | |
| Common stock, shares outstanding (in shares) | 9.0M shares | 9.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $17.7M | $7.0M |
| Depreciation and amortization of premises and equipment | $2.8M | $1.9M |
| Amortization of core deposit intangibles | $1.8M | $460.0K |
| Amortization of subordinated debt fair value mark | $636.0K | $2.0K |
| Gain on redemption of subordinated debt | -$80.0K | $0 |
| Origination of mortgage loans held for sale | -$6.5M | $0 |
| Proceeds from sale of mortgage loans held for sale | $6.9M | $0 |
| Provision for credit losses on loans | $2.8M | $7.8M |
| Provision for credit losses on unfunded commitments | $141.0K | $73.0K |
| Recovery of credit losses on HTM securities | -$12.0K | -$12.0K |
| Losses on securities available for sale | $0 | $155.0K |
| Net gains on sale of other real estate owned | -$7.0K | $0 |
| Increase in cash value of bank owned life insurance | -$1.1M | -$755.0K |
| Accretion of discounts and amortization of premiums on securities, net | $819.0K | $843.0K |
| Accretion of premium on time deposits | -$664.0K | -$623.0K |
| Accretion of certain acquisition-related loan (discounts), net | -$1.1M | -$780.0K |
| Stock-based compensation | $1.2M | $635.0K |
| Excess tax benefits on stock-based compensation | $26.0K | $1.0K |
| (Gains) losses on disposal of premises and equipment | -$13.0K | $48.0K |
| Bargain purchase gain | -$304.0K | -$2.9M |
| Deferred income tax expense (benefit) | $386.0K | -$437.0K |
| (Increase) decrease in interest receivable | -$410.0K | $467.0K |
| (Increase) decrease in other assets | -$582.0K | $2.5M |
| Increase (decrease) in accrued interest payable and other liabilities | $842.0K | -$38.6M |
| Net cash provided by (used in) operating activities | $25.1M | -$22.2M |
| Proceeds from maturities, calls, principal payments, and sales of securities available for sale | $30.5M | $74.8M |
| Proceeds from maturities, calls, and principal payments of securities held to maturity | $7.8M | $39.7M |
| Purchases of securities available for sale | -$77.3M | -$26.0M |
| Redemption of subordinated debt | $0 | $0 |
| Net (purchase) redemption of restricted securities | -$1.9M | $1.8M |
| Purchase of premises and equipment, net | -$4.2M | -$3.3M |
| Proceeds from sale of premises and equipment | $1.7M | $18.0K |
| Proceeds from sale of other real estate owned | $60.0K | $0 |
| Proceeds from cash value of bank owned life insurance | $440.0K | $401.0K |
| Net cash acquired in acquisition of Touchstone Bank | $0 | $70.2M |
| Net decrease (increase) in loans | $13.5M | -$20.9M |
| Net cash (used in) provided by investing activities | -$29.4M | $136.8M |
| (Decrease) in demand deposits and savings accounts | -$7.4M | -$7.8M |
| Net increase in time deposits | $3.9M | $23.1M |
| Increase (decrease) in other borrowings | $25.0M | -$50.0M |
| Redemption of subordinated debt | -$13.4M | $0 |
| Cash dividends paid on common stock, net of reinvestment | -$5.5M | -$4.0M |
| Net cash provided by (used in) financing activities | $2.3M | -$38.9M |
| (Decrease) increase in cash and cash equivalents | -$2.0M | $75.7M |
| Interest | $27.4M | $23.2M |
| Income taxes | $3.4M | $2.1M |
| Unrealized gain (losses) on securities available for sale | $7.6M | -$1.5M |
| Amortization of unrealized losses on securities transferred from available for sale to held to maturity | $957.0K | $1.3M |
| Change in fair value of cash flow hedges | -$398.0K | $202.0K |
| Lease liabilities arising from obtaining right-of-use assets during the period | $0 | $2.1M |
| Transfer from loans to other real estate owned | $0 | $53.0K |
| Issuance of common stock, dividend reinvestment plan | $193.0K | $179.0K |
| Assets acquired | $0 | $594.1M |
| Liabilities assumed | $0 | $614.6M |
No quarter-by-quarter statement was filed.
Leadership
Who has led FIRST NATIONAL CORP /VA/, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerScott C. Harvard May 19, 2011 to now12
- PresidentScott C. Harvard May 19, 2011 to now12
- Chief financial officerBrad E. Schwartz Apr 2, 2025 to now13
- Chief financial officerBruce E. Thomas Dec 3, 2024 to Dec 3, 202414
- Chief financial officerMichael Shane Bell Jul 3, 2012 to Feb 16, 202415
- Chief operating officerDennis A. Dysart Feb 13, 2015 to now16
Board members and other officers (26)
- EVP / CCOSamuel J. Crow Jr. Aug 20, 2014 to Feb 13, 201517
- EVP/VP Ops & TechnologyChristopher T. Martin Jul 3, 2012 to Jul 24, 201518
- Senior EVP/CCODennis A. Dysart Jul 3, 2012 to Jul 3, 201219
- EVP/Senior Lending OfficerJames C. Youngblood Nov 9, 2012 to Mar 12, 201520
- EVP Senior Loan AdministratorJeffrey S. Boppe Jan 18, 2011 to Jul 3, 201221
- EVP/Loan AdminJ. Andrew Hershey Feb 17, 2010 to Feb 17, 201022
- EVP-SENIOR TRUST OFFICERMarshall J. Beverley Jr. Aug 3, 2006 to Mar 23, 201523
- Board memberNorman D. Wagstaff Jr. Oct 3, 2024 to now24
- Board memberWilliam Simmons Wilkinson Oct 4, 2024 to now25
- Board memberC. Ray Sprinkle Jul 6, 2021 to Aug 11, 202226
- Board memberGeorge Edwin Holt Iii. Jul 6, 2021 to now27
- Board memberKirtesh Patel Jul 6, 2021 to now28
- Board memberJason C. Aikens Aug 10, 2018 to now29
- Board memberBoyce E. Brannock Jan 23, 2017 to now30
- Board memberEmily Marlow Beck Aug 22, 2014 to now31
- Board memberWilliam Michael Funk Aug 22, 2014 to now32
- Board memberMiles K. Davis Aug 20, 2013 to Aug 10, 201733
- Board memberHenry L. Shirkey Jul 3, 2012 to Jul 3, 201234
- Board memberElizabeth H. Cottrell Feb 10, 2011 to now35
- Board memberScott C. Harvard Aug 15, 2011 to now36
- Board memberByron A. Brill Dr. Sep 12, 2008 to Jul 3, 201237
- Board memberChristopher E. French Aug 1, 2007 to Aug 10, 201738
- Board memberCharles E. Maddox Jr. Mar 23, 2006 to Mar 23, 200639
- Board memberW. Allen Nicholls Mar 23, 2006 to Jul 3, 201240
- Board memberJohn K. Marlow Mar 24, 2006 to May 24, 201341
- Board memberDouglas C. Arthur Jun 13, 2006 to Nov 19, 201542
Timeline
- May 19, 2011New chief executive Scott C. Harvard becomes CEO12
Filings
355 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 56 major events, 237 insider forms, 17 large holders, 25 other. The latest 20:
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 20264 FUNK 081226 EDGAR
- Aug 13, 20264 BRANNOCK 081226 EDGAR
- Aug 13, 20264 PATEL 081226 EDGAR
- Aug 13, 20264 SMITH 081226 EDGAR
- Aug 13, 20264 WILKINS 081226 EDGAR
- Aug 13, 20264 WAGSTAFF 081226 EDGAR
- Aug 13, 20264 WILKINSON 081226 EDGAR
- Aug 13, 20264 ANDREWS 081226 EDGAR
- Aug 13, 20264 BECK 081226 EDGAR
- Aug 13, 20264 AIKENS 081226 EDGAR
- Aug 13, 20264 HOLT 081226 EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 13, 20268-K EDGAR
- Jul 29, 20268-K EDGAR
- Jul 28, 2026SCHEDULE 13G EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 14, 20268-K EDGAR
- May 13, 202610-Q EDGAR
- May 13, 20268-K EDGAR
The 355 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 17 such filings since October 2021, the latest 10:
- Aug 14, 2026SCHEDULE 13G/A
- Jul 28, 2026SCHEDULE 13G
- May 15, 2026SCHEDULE 13G/A
- Feb 12, 2025SCHEDULE 13G/A
- Dec 30, 2024SCHEDULE 13D/A
- Dec 17, 2024SC 13D/A
- Nov 14, 2024SC 13G/A
- Feb 14, 2024SC 13G/A
- Feb 14, 2024SC 13G
- Jul 19, 2023SC 13D/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 90. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARSamuel J. Crow Jr., EVP / CCO
- 18
- 19SEC EDGARDennis A. Dysart, Senior EVP/CCO
- 20
- 21
- 22SEC EDGARJ. Andrew Hershey, EVP/Loan Admin
- 23
- 24SEC EDGARNorman D. Wagstaff Jr., Board member
- 25
- 26SEC EDGARC. Ray Sprinkle, Board member
- 27SEC EDGARGeorge Edwin Holt Iii., Board member
- 28SEC EDGARKirtesh Patel, Board member
- 29SEC EDGARJason C. Aikens, Board member
- 30SEC EDGARBoyce E. Brannock, Board member
- 31SEC EDGAREmily Marlow Beck, Board member
- 32SEC EDGARWilliam Michael Funk, Board member
- 33SEC EDGARMiles K. Davis, Board member
- 34SEC EDGARHenry L. Shirkey, Board member
- 35SEC EDGARElizabeth H. Cottrell, Board member
- 36SEC EDGARScott C. Harvard, Board member
- 37SEC EDGARByron A. Brill Dr., Board member
- 38SEC EDGARChristopher E. French, Board member
- 39SEC EDGARCharles E. Maddox Jr., Board member
- 40SEC EDGARW. Allen Nicholls, Board member
- 41SEC EDGARJohn K. Marlow, Board member
- 42SEC EDGARDouglas C. Arthur, Board member