2013 Form 10-K Financial Statement

#000119312514113892 Filed on March 25, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012
Revenue $21.16M $23.43M
YoY Change -9.71% -8.64%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.000M $270.0K $1.100M
YoY Change -9.09% -3.57% -8.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.709M $4.167M
YoY Change -34.99% -23.54%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $5.054M $1.020M $3.765M
YoY Change 34.24% -138.64% -152.83%
Income Tax -$4.820M $80.00K $965.0K
% Of Pretax Income -95.37% 7.84% 25.63%
Net Earnings $9.874M $940.0K $2.800M
YoY Change 252.64% -111.56% -125.55%
Net Earnings / Revenue 46.67% 11.95%
Basic Earnings Per Share
Diluted Earnings Per Share $2.014M $191.8K $710.7K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2013 2012 Q4 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $31.03M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $16.60M $18.59M $18.60M
YoY Change -10.75% -5.16% -5.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $522.9M $532.7M $532.7M
YoY Change -1.84% -1.19% -1.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.300M $5.500M $5.500M
YoY Change -40.0% 25.0% 25.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.300M $5.500M $5.500M
YoY Change -40.0% 25.0% 25.0%
LONG-TERM LIABILITIES
Long-Term Debt $15.30M $15.40M $15.40M
YoY Change -0.65% -45.77% -45.77%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $15.30M $15.40M $15.40M
YoY Change -0.65% -45.77% -45.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.300M $5.500M $5.500M
Total Long-Term Liabilities $15.30M $15.40M $15.40M
Total Liabilities $469.3M $487.8M $487.8M
YoY Change -3.79% -2.83% -2.83%
SHAREHOLDERS EQUITY
Retained Earnings $18.40M
YoY Change
Common Stock $6.127M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $53.60M $44.89M $44.90M
YoY Change
Total Liabilities & Shareholders Equity $522.9M $532.7M $532.7M
YoY Change -1.84% -1.19% -1.19%

Cashflow Statement

Concept 2013 2012 Q4 2012
OPERATING ACTIVITIES
Net Income $9.874M $940.0K $2.800M
YoY Change 252.64% -111.56% -125.55%
Depreciation, Depletion And Amortization $1.000M $270.0K $1.100M
YoY Change -9.09% -3.57% -8.33%
Cash From Operating Activities $8.681M $3.140M $12.22M
YoY Change -28.95% 12.54% 17.08%
INVESTING ACTIVITIES
Capital Expenditures -$550.0K -$130.0K -$550.0K
YoY Change 0.0% -40.91% 17.02%
Acquisitions
YoY Change
Other Investing Activities $9.340M -$7.960M -$1.730M
YoY Change -639.88% 1005.56% -923.81%
Cash From Investing Activities $8.787M -$8.090M -$2.278M
YoY Change -485.73% 760.64% 772.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.601M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.99M 9.760M -8.436M
YoY Change 101.38% 97.17% -351.67%
NET CHANGE
Cash From Operating Activities 8.681M 3.140M 12.22M
Cash From Investing Activities 8.787M -8.090M -2.278M
Cash From Financing Activities -16.99M 9.760M -8.436M
Net Change In Cash 480.0K 4.810M 1.504M
YoY Change -68.09% -29.26% -88.88%
FREE CASH FLOW
Cash From Operating Activities $8.681M $3.140M $12.22M
Capital Expenditures -$550.0K -$130.0K -$550.0K
Free Cash Flow $9.231M $3.270M $12.77M
YoY Change -27.7% 8.64% 17.07%

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CY2013Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
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CY2013Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
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CY2013Q4 us-gaap Tier One Leverage Capital To Average Assets
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CY2013Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
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CY2013Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
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CY2013Q4 us-gaap Preferred Stock Shares Authorized
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1000000 shares
CY2013Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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CY2013Q4 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
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CY2013Q4 us-gaap Common Stock Shares Authorized
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8000000 shares
CY2013Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
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CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2013Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
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27000
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CY2013Q4 us-gaap Long Term Debt
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CY2013Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
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CY2013Q4 us-gaap Preferred Stock Value
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CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2013Q4 us-gaap Junior Subordinated Notes
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CY2013Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
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CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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12133000
CY2013Q4 us-gaap Capital Required To Be Well Capitalized
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CY2013Q4 us-gaap Additional Paid In Capital
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CY2013Q4 us-gaap Stockholders Equity
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CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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5450000
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CY2013Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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5329000
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CY2013Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
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5301000
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12301000
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19901000
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CY2013Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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4329000
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20353000
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16642000
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829000
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5100000
CY2013Q4 fxnc Community Bankers Bank Stock
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50000
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10000
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559000
CY2013Q4 fxnc Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Accumulated In Investments
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2177000
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2736000
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2736000
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1024000
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P2Y
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1.00 pure
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10436000
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20198000
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65000
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2237000
CY2011 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
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402000
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56690000
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540000
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CY2011 us-gaap Income Tax Reconciliation Tax Exempt Income
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186000
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2152000
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1186000
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8117000
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857000
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18000
CY2011 us-gaap Real Estate Owned Valuation Allowance Provision
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1558000
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14900000
CY2011 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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310000
CY2011 us-gaap Fees And Commissions Other
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369000
CY2011 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
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CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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CY2011 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
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1715000
CY2011 us-gaap Interest Paid
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5635000
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CY2011 us-gaap Interest And Dividend Income Operating
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25648000
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1091000
CY2011 us-gaap Interest And Fee Income Loans And Leases
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22907000
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22259000
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59000
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876000
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70000
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5799000
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43024000
CY2011 us-gaap Payments To Acquire Productive Assets
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472000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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2248000
CY2011 us-gaap Defined Contribution Plan Cost Recognized
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200000
CY2011 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
306000
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CY2011 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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-511000
CY2011 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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758000
CY2011 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
61000
CY2011 us-gaap Interest Income Securities Tax Exempt
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483000
CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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1774000
CY2011 us-gaap Gain Loss On Sales Of Loans Net
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131000
CY2011 us-gaap Fees And Commissions
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1407000
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3352000
CY2011 us-gaap Proceeds From Sale Of Loans Held For Sale
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8536000
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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6442000
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CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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-898000
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1184000
CY2011 us-gaap Increase Decrease In Pension Plan Obligations
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CY2011 us-gaap Deferred Income Tax Expense Benefit
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EmployeeStockOwnershipPlanESOPCompensationExpense
0
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CY2011 us-gaap Interest Expense Borrowings
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221000
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CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-2423000
CY2013 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
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-261000
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2011 us-gaap Allowance For Loan And Lease Losses Write Offs
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CY2011 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
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CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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7500000
CY2011 us-gaap Available For Sale Securities Gross Realized Losses
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6000
CY2011 us-gaap Provision For Loan Lease And Other Losses
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1558000
CY2011 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
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CY2011 us-gaap Interest Expense Deposits
InterestExpenseDeposits
4843000
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CurrentIncomeTaxExpenseBenefit
-2607000
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758000
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OccupancyNet
1354000
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ProfessionalFees
969000
CY2011 us-gaap Depreciation
Depreciation
1200000
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ProceedsFromSaleOfOtherRealEstate
3321000
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CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
59000
CY2011 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
23176000
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AdvertisingExpense
368000
CY2011 us-gaap Supplies Expense
SuppliesExpense
323000
CY2011 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
596000
CY2011 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
894000
CY2011 us-gaap Proceeds From Other Debt
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42002000
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3835000
CY2011 fxnc Bank Franchise Tax
BankFranchiseTax
416000
CY2011 fxnc Atm And Check Card Fees
AtmAndCheckCardFees
1535000
CY2011 fxnc Other Comprehensive Income Deferred Tax Adjustment On Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeDeferredTaxAdjustmentOnAvailableForSaleSecuritiesNetOfTax
474000
CY2011 fxnc Other Comprehensive Income Loss Changes In Unrealized Gains And Losses Before Tax
OtherComprehensiveIncomeLossChangesInUnrealizedGainsAndLossesBeforeTax
-2189000
CY2011 fxnc Other Real Estate Owned Expenses
OtherRealEstateOwnedExpenses
572000
CY2011 fxnc Other Comprehensive Income Deferred Tax Adjustment On Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeDeferredTaxAdjustmentOnPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-434000
CY2011 fxnc Atm And Check Card Fees Expenses
AtmAndCheckCardFeesExpenses
661000
CY2011 fxnc Other Comprehensive Income Deferred Tax Adjustment
OtherComprehensiveIncomeDeferredTaxAdjustment
40000
CY2011 fxnc Proceeds From Redemption Of Restricted Securities
ProceedsFromRedemptionOfRestrictedSecurities
378000
CY2011 fxnc Accumulated Other Comprehensive Income Change In Cumulative Translation Adjustment
AccumulatedOtherComprehensiveIncomeChangeInCumulativeTranslationAdjustment
857000
CY2011 fxnc Other Comprehensive Income Change In Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeChangeInPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1332000
CY2013 dei Entity Registrant Name
EntityRegistrantName
FIRST NATIONAL CORP /VA/
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
0 shares
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5054000
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000719402
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2018-12-28
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4901464 shares
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8681000
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.83
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Significant Group Concentrations of Credit Risk</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Most of the Company&#x2019;s activities are with customers located within the northern Shenandoah Valley region of Virginia. The types of lending that the Company engages in are included in Note 3. The Company does not have a significant concentration to any one customer.</p> </div>
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Reclassifications</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Certain reclassifications have been made to prior period balances to conform to the current year presentation. These reclassifications were immaterial.</p> </div>
CY2013 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
-3482000
CY2013 us-gaap Interest Paid
InterestPaid
2818000
CY2013 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-157000
CY2013 us-gaap Defined Benefit Plan Other Changes
DefinedBenefitPlanOtherChanges
543000
CY2013 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 Contract
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2013 us-gaap Use Of Estimates
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, valuation of deferred tax assets and liabilities, valuation of other real estate owned, pension obligations and other-than-temporary impairment of securities.</p> </div>
CY2013 us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
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CY2013 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
1665000
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InterestIncomeExpenseNet
18448000
CY2013 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
18873000
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9429000
CY2013 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
CY2013 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2204000
CY2013 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
483000
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CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
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8961000
CY2013 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
153000
CY2013 us-gaap Interest Income Securities Taxable
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1870000
CY2013 us-gaap Income Taxes Paid
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310000
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-153000
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764000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-445000
CY2013 us-gaap Interest Income Deposits With Financial Institutions
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61000
CY2013 us-gaap Real Estate Owned Valuation Allowance Provision
RealEstateOwnedValuationAllowanceProvision
1055000
CY2013 us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
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4600000
CY2013 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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2486000
CY2013 us-gaap Fees And Commissions Other
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391000
CY2013 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
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21157000
CY2013 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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805000
CY2013 us-gaap Interest And Fee Income Loans And Leases
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CY2013 us-gaap Net Income Loss
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-23731000
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90000
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CY2013 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2013 us-gaap Gain Loss On Contract Termination
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CY2013 us-gaap Interest Income Securities Tax Exempt
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CY2013 us-gaap Bank Owned Life Insurance Income
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358000
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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CY2013 us-gaap Gain Loss On Sales Of Loans Net
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193000
CY2013 us-gaap Fees And Commissions
FeesAndCommissions
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CY2013 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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CY2013 us-gaap Dividend Income Operating
DividendIncomeOperating
75000
CY2013 us-gaap Noninterest Income
NoninterestIncome
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CY2013 us-gaap Repayments Of Other Debt
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24000
CY2013 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
548000
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2013 us-gaap Increase Decrease In Deposits
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CY2013 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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660000
CY2013 us-gaap Defined Contribution Plan Cost Recognized
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249000
CY2013 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
2036000
CY2013 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
376000
CY2013 us-gaap Increase Decrease In Time Deposits
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-36442000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2013 us-gaap Proceeds From Sale Of Loans Held For Sale
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3263000
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
2364000
CY2013 us-gaap Communication
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283000
CY2013 us-gaap Real Estate Owned Valuation Allowance Amounts Applied
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1564000
CY2013 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1011000
CY2013 us-gaap Increase Decrease In Pension Plan Obligations
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CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2013 us-gaap Provision For Loan And Lease Losses
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-425000
CY2013 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
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0
CY2013 us-gaap Other Noninterest Expense
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CY2013 us-gaap Interest Expense Borrowings
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119000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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480000
CY2013 us-gaap Marketing Expense
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CY2013 us-gaap Operating Leases Rent Expense Net
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224000
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ProceedsFromSaleOfAvailableForSaleSecurities
1850000
CY2013 us-gaap Interest Expense
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CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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1718000
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000
CY2013 us-gaap Foreclosed Real Estate Expense
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1115000
CY2013 us-gaap Impaired Financing Receivable Average Recorded Investment
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16009000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8787000
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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2454000
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CY2013 us-gaap Allowance For Loan And Lease Losses Write Offs
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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0
CY2013 us-gaap Available For Sale Securities Gross Realized Losses
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0
CY2013 us-gaap Provision For Loan Lease And Other Losses
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1055000
CY2013 us-gaap Federal Deposit Insurance Corporation Premium Expense
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CY2013 us-gaap Interest Expense Deposits
InterestExpenseDeposits
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CY2013 us-gaap Current Income Tax Expense Benefit
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CY2013 us-gaap Dividends Preferred Stock Cash
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758000
CY2013 us-gaap Occupancy Net
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CY2013 us-gaap Debt Instrument Periodic Payment
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2000
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CY2013 us-gaap Labor And Related Expense
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CY2013 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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22037000
CY2013 us-gaap Advertising Expense
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269000
CY2013 us-gaap Supplies Expense
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288000
CY2013 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
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0
CY2013 us-gaap Preferred Stock Dividends Income Statement Impact
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0.50 pure
CY2013 fxnc Number Of Additional Rights To Purchase Common Stock Exercised During Period
NumberOfAdditionalRightsToPurchaseCommonStockExercisedDuringPeriod
425000 shares
CY2013 fxnc Atm And Check Card Fees
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1425000
CY2013 fxnc Recognition Of Other Than Temporary Impairment On Basis Of Credit Loss Description
RecognitionOfOtherThanTemporaryImpairmentOnBasisOfCreditLossDescription
If there is no credit loss, there is no other-than-temporary impairment. If there is a credit loss, other-than-temporary impairment exists, and the credit loss must be recognized in net income and the remaining portion of impairment must be recognized in other comprehensive income.
CY2013 fxnc Minimum Period Of Appraisal Of Property To Consider Different Method To Measure Fair Value
MinimumPeriodOfAppraisalOfPropertyToConsiderDifferentMethodToMeasureFairValue
P1Y
CY2013 fxnc Gain Loss On Rate Lock Commitments
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0
CY2013 fxnc Period Of Maturity As Classifies As Short Term Borrowing
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P90D
CY2013 fxnc Other Real Estate Gross Gains
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80000
CY2013 fxnc Services Completed By Eligible Participant Under Plan
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3000
CY2013 fxnc Percentage Of Investment Portfolio
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1.00 pure
CY2013 fxnc Number Of Rights To Purchase Common Stock Exercised During Period
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1520815 shares
CY2013 fxnc Maximum Period Used To Determine Value Of Real Estate Collateral
MaximumPeriodUsedToDetermineValueOfRealEstateCollateral
P1Y
CY2013 fxnc Bank Franchise Tax
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279000
CY2013 fxnc Stock Issued During Period Shares Rights Exercised
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1945815 shares
CY2013 fxnc Number Obligation Of State And Political Subdivisions In Unrealized Loss Position
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21 Contract
CY2013 fxnc Number Of Companies For Which Consolidated Financial Statements Presented
NumberOfCompaniesForWhichConsolidatedFinancialStatementsPresented
6 Entity
CY2013 fxnc Transfers To Other Real Estate Owned
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881000
CY2013 fxnc Other Comprehensive Income Deferred Tax Adjustment On Available For Sale Securities Net Of Tax
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583000
CY2013 fxnc Other Comprehensive Income Loss Changes In Unrealized Gains And Losses Before Tax
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2899000
CY2013 fxnc Proceeds From Sale Of Common Stock In Rights Offering
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7600000
CY2013 fxnc Weighted Average Period Of Pricing Of Portfolio
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P4Y6M
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P1Y
CY2013 fxnc Quoted Prices Preceding Dividend Payment Date Period
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CY2013 fxnc Employee Matching Contribution Vesting Period Under Plan
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CY2013 fxnc Defined Contribution Plan Minimum Eligible Age Of Employee
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CY2013 fxnc Real Estate Owned Transfer To Real Estate Owned
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391000
CY2013 fxnc Discount On Preferred Stock Amortized Period
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CY2013 fxnc Cumulative Pretax Loss Position Period
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P2Y
CY2013 fxnc Other Real Estate Owned Expenses
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150000
CY2013 fxnc Defined Contribution Plan Percentage Of Employer Matching Contribution Of First One Percent Of Employee Contribution
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0.01 pure
CY2013 fxnc Largest Amount Of Tax Benefit Realized By Taxing Authority
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0.50 pure
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1564000
CY2013 fxnc Other Comprehensive Income Deferred Tax Adjustment On Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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90000
CY2013 fxnc Impairment Losses Related To Federal Home Loan Stock
ImpairmentLossesRelatedToFederalHomeLoanStock
0
CY2013 fxnc Nonrecurring Fair Value Adjustments On Loans Held For Sale
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3765000
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1285000
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29121000
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268000
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260000
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9 Contract
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0
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-454000

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