First National Corp
marinerwealthadvisors.comWhat Do They Do?
Provides loans, deposit accounts and wealth-management services to individuals, businesses and institutions such as estates, local governments and nonprofits.
10-K for FY2025, filed Mar 25, 2026The Bank offers loan, deposit, and wealth management products and services. Loan products and services include consumer loans, residential…View ↗
How Do They Make Money?
The Bank’s largest revenue source is the difference between interest earned on its interest-earning assets and interest paid on deposits and other interest-bearing liabilities. It also collects deposit and card fees immediately or the following month, while wealth-management fees generally arrive a few days after month-end.
10-K for FY2025, filed Mar 25, 2026The primary source of revenue is from net interest income earned by the Bank. Net interest income is the difference between interest income…View ↗
Service charges on deposit accounts consist of monthly service fees, overdraft and nonsufficient funds fees, and other deposit account…View ↗
ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. ATM fees…View ↗
Wealth management fees are primarily comprised of fees earned from the management and administration of trusts and other customer assets.…View ↗
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10-K for FY2025, filed Mar 25, 2026
FY2025 revenue by product or service ↗
$14.3M
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10-K for FY2025, filed Mar 25, 2026
$14.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Deposit Account
Mix
10-K for FY2025, filed Mar 25, 2026 |
28%
FY2022: 27%
|
Deposit Account, FY2025
$4M Sources
|
Mix |
|
Credit and Debit Card
Usage-based
10-K for FY2025, filed Mar 25, 2026 |
32%
FY2022: 33%
|
Credit and Debit Card, FY2025
$4.6M Sources
|
Usage-based |
|
Asset Management
Recurring
10-K for FY2025, filed Mar 25, 2026 |
25%
FY2022: 30%
|
Asset Management, FY2025
$3.6M Sources
|
Recurring |
|
Other Noninterest Income
|
34% |
Other Noninterest Income, FY2025
$4.9M Sources
|
Who Are Their Customers?
Customers include individuals and businesses, as well as estates, local governments and nonprofit organizations. They access services through branches, a loan production office, a customer service center, mobile banking, the website and ATMs.
10-K for FY2025, filed Mar 25, 2026The Bank offers loan, deposit, and wealth management products and services. Loan products and services include consumer loans, residential…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 146 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 13, 2026
Open tableView ↗
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May 14, 2026
New board chair elected following chairperson’s retirement
Gerald F. Smith, Jr. became chair after Elizabeth Cottrell retired.
Sources
8-K, filed May 14, 2026
Election of New Chair and Vice Chair of the BoardView ↗
Growing. Revenue grew 58% in 4 years, from $9M in FY2021 to $14.3M in FY2025, about 12% a year.
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