$FXNC
FIRST NATIONAL CORP /VA/

2016 Q1 Form 10-Q Financial Statement

#000119312516590256 Filed on May 13, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $6.191M $4.988M
YoY Change 24.12% 1.61%
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 $540.0K $240.0K
YoY Change 125.0% -4.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $492.0K $356.0K
YoY Change 38.2% -26.29%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.525M $736.0K
YoY Change 107.2% -54.82%
Income Tax $426.0K $192.0K
% Of Pretax Income 27.93% 26.09%
Net Earnings $1.099M $544.0K
YoY Change 102.02% -52.53%
Net Earnings / Revenue 17.75% 10.91%
Basic Earnings Per Share $0.22 $0.04
Diluted Earnings Per Share $0.22 $0.04
COMMON SHARES
Basic Shares Outstanding 4.920M shares 4.907M shares
Diluted Shares Outstanding 4.923M shares 4.911M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $39.33M $9.174M
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 $21.37M $16.30M
YoY Change 31.1% -1.04%
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 $701.0M $530.4M
YoY Change 32.17% -0.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.000M $5.100M
YoY Change 17.65% 96.15%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.000M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.000M $5.100M
YoY Change 17.65% 96.15%
LONG-TERM LIABILITIES
Long-Term Debt $14.20M $24.30M
YoY Change -41.56% 58.82%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $14.20M $24.30M
YoY Change -41.56% 58.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.000M $5.100M
Total Long-Term Liabilities $14.20M $24.30M
Total Liabilities $653.3M $470.1M
YoY Change 38.98% -1.99%
SHAREHOLDERS EQUITY
Retained Earnings $35.39M $33.65M
YoY Change 5.18% 18.96%
Common Stock $6.156M $6.137M
YoY Change 0.31% 0.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $47.70M $60.31M
YoY Change
Total Liabilities & Shareholders Equity $701.0M $530.4M
YoY Change 32.17% -0.78%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $1.099M $544.0K
YoY Change 102.02% -52.53%
Depreciation, Depletion And Amortization $540.0K $240.0K
YoY Change 125.0% -4.0%
Cash From Operating Activities $1.950M $1.380M
YoY Change 41.3% 30.19%
INVESTING ACTIVITIES
Capital Expenditures -$310.0K -$410.0K
YoY Change -24.39% 412.5%
Acquisitions
YoY Change
Other Investing Activities -$7.570M -$27.54M
YoY Change -72.51% 200.66%
Cash From Investing Activities -$7.880M -$27.95M
YoY Change -71.81% 202.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.000K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.920M 10.90M
YoY Change -45.69% 1.11%
NET CHANGE
Cash From Operating Activities 1.950M 1.380M
Cash From Investing Activities -7.880M -27.95M
Cash From Financing Activities 5.920M 10.90M
Net Change In Cash -10.00K -15.67M
YoY Change -99.94% -700.38%
FREE CASH FLOW
Cash From Operating Activities $1.950M $1.380M
Capital Expenditures -$310.0K -$410.0K
Free Cash Flow $2.260M $1.790M
YoY Change 26.26% 57.02%

Facts In Submission

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CY2016Q1 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
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0.1000 pure
CY2016Q1 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
154000
CY2016Q1 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
37006000
CY2016Q1 us-gaap Capital
Capital
62440000
CY2016Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
124600000
CY2016Q1 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
334599000
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
47700000
CY2016Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
662000
CY2016Q1 us-gaap Capital Required To Be Well Capitalized
CapitalRequiredToBeWellCapitalized
46258000
CY2016Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
161783000
CY2016Q1 us-gaap Subordinated Debt
SubordinatedDebt
4917000
CY2016Q1 us-gaap Time Deposits
TimeDeposits
136736000
CY2016Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
6996000
CY2016Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
5086000
CY2016Q1 us-gaap Other Liabilities
OtherLiabilities
6029000
CY2016Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
99019000
CY2016Q1 us-gaap Junior Subordinated Notes
JuniorSubordinatedNotes
9279000
CY2016Q1 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
56920000
CY2016Q1 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
56920000
CY2016Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
434000
CY2016Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5520000
CY2016Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1059000
CY2016Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
0
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
35391000
CY2016Q1 us-gaap Liabilities
Liabilities
653343000
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
701043000
CY2016Q1 us-gaap Common Stock Value
CommonStockValue
6156000
CY2016Q1 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
34617000
CY2016Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
27693000
CY2016Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
27755000
CY2016Q1 us-gaap Deposits
Deposits
633118000
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-843000
CY2016Q1 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
37006000
CY2016Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
663000
CY2016Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
446260000
CY2016Q1 us-gaap Federal Reserve Bank Stock
FederalReserveBankStock
875000
CY2016Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
4258000
CY2016Q1 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount
0
CY2016Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
8686000
CY2016Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
6818000
CY2016Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0
CY2016Q1 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
523000
CY2016Q1 us-gaap Other Real Estate
OtherRealEstate
2266000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
74964000
CY2016Q1 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
29077000
CY2016Q1 us-gaap Assets
Assets
701043000
CY2016Q1 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
623000
CY2016Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
221000
CY2016Q1 us-gaap Cash And Due From Banks
CashAndDueFromBanks
10250000
CY2016Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
57000
CY2016Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
638000
CY2016Q1 us-gaap Interest Receivable
InterestReceivable
1741000
CY2016Q1 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
2112000
CY2016Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
0
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
13509000
CY2016Q1 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
0
CY2016Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
998000
CY2016Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
451447000
CY2016Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
65568000
CY2016Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount Consumer
LoansAndLeasesReceivableGrossCarryingAmountConsumer
10885000
CY2016Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
64963000
CY2016Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
448556000
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21366000
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
25805000
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
37000
CY2016Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
7816000
CY2016Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
454076000
CY2016Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
0
CY2016Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
57000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
13684000
CY2016Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
57000
CY2016Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
10783000
CY2016Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
19786000
CY2016Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
0
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
376000
CY2016Q1 us-gaap Other Assets
OtherAssets
5945000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
9737000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
74460000
CY2016Q1 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
64963000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
9661000
CY2016Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
44842000
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
12296000
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
184000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
13931000
CY2016Q1 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
13828000
CY2016Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
10783000
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39327000
CY2016Q1 us-gaap Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
1000
CY2016Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
2629000
CY2016Q1 us-gaap Available For Sale Securities And Held To Maturity Securities
AvailableForSaleSecuritiesAndHeldToMaturitySecurities
164587000
CY2016Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount Commercial
LoansAndLeasesReceivableGrossCarryingAmountCommercial
24215000
CY2016Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
2000
CY2016Q1 us-gaap Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
11000
CY2016Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
124000
CY2016Q1 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
98181000
CY2016Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
631000
CY2016Q1 us-gaap Restricted Investments
RestrictedInvestments
1548000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
375000
CY2016Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
19490000
CY2016Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
45144000
CY2016Q1 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
102300000
CY2016Q1 fxnc Percentage Of Assets For Maximum Borrowing
PercentageOfAssetsForMaximumBorrowing
0.19 pure
CY2016Q1 fxnc Common Equity Tier One Risk Based Capital
CommonEquityTierOneRiskBasedCapital
56920000
CY2016Q1 fxnc Common Equity Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0650 pure
CY2016Q1 fxnc Fair Value Of Loan Commitments And Standby Letters Of Credit
FairValueOfLoanCommitmentsAndStandbyLettersOfCredit
0
CY2016Q1 fxnc Number Of Securities In Unrealized Loss Position
NumberOfSecuritiesInUnrealizedLossPosition
21 Securities
CY2016Q1 fxnc Community Bankers Bank Stock
CommunityBankersBankStock
50000
CY2016Q1 fxnc Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0450 pure
CY2016Q1 fxnc Available For Sale Securities And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
12296000
CY2016Q1 fxnc Available For Sale Securities And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
24292000
CY2016Q1 fxnc Common Equity Tier One Risk Based Capital To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalToRiskWeightedAssets
0.1230 pure
CY2016Q1 fxnc Available For Sale Securities And Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
36588000
CY2016Q1 fxnc Common Equity Tier One Risk Based Capital Required For Capital Adequacy
CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacy
20816000
CY2016Q1 fxnc Core Deposit Intangible Net
CoreDepositIntangibleNet
2115000
CY2016Q1 fxnc Available For Sale Securities And Held To Maturity Securities Amortized Cost
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAmortizedCost
163144000
CY2016Q1 fxnc Common Equity Tier One Risk Based Capital Required To Be Well Capitalized
CommonEquityTierOneRiskBasedCapitalRequiredToBeWellCapitalized
30068000
CY2016Q1 fxnc Available For Sale Securities And Held To Maturity Securities Accumulated Gross Unrealized Gain
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAccumulatedGrossUnrealizedGain
1721000
CY2016Q1 fxnc Available For Sale And Held To Maturity Securities Accumulated Gross Unrealized Loss
AvailableForSaleAndHeldToMaturitySecuritiesAccumulatedGrossUnrealizedLoss
278000
CY2016Q1 fxnc Available For Sale Securities And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Accumulated Loss
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAccumulatedLoss
94000
CY2016Q1 fxnc Available For Sale Securities And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAccumulatedLoss
184000
CY2016Q1 fxnc Available For Sale Securities And Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
278000
CY2016Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
4924539 shares
CY2015Q2 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
6618000
CY2015Q2 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
6618000
CY2015 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
744000
CY2015 us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
717000
CY2015 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
225000
CY2015 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
224000
CY2015 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
230000
CY2015 us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
381000
CY2015 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-100000
CY2015 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
1838000
CY2015 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
1664000
CY2015 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
10544000
CY2015 fxnc Other Real Estate Charge Off
OtherRealEstateChargeOff
-381000
CY2015 fxnc Other Real Estate Owned Expenses
OtherRealEstateOwnedExpenses
196000
CY2015 fxnc Number Obligation Of State And Political Subdivisions In Unrealized Loss Position
NumberObligationOfStateAndPoliticalSubdivisionsInUnrealizedLossPosition
13 Obligation
CY2015 fxnc Other Real Estate Gross Gains
OtherRealEstateGrossGains
74000
CY2015 fxnc Weighted Average Period Of Pricing Of Portfolio
WeightedAveragePeriodOfPricingOfPortfolio
P4Y7M6D
CY2015Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 Contract
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4906981 shares
CY2015Q1 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
4182 shares
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2015Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-5000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
544000
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
215000
CY2015Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
20282000
CY2015Q1 us-gaap Interest Paid
InterestPaid
371000
CY2015Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
4540000
CY2015Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
43000
CY2015 fxnc Percentage Of Investment Portfolio
PercentageOfInvestmentPortfolio
1.00 pure
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1375000
CY2015Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
955 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
4063 shares
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.025
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4911044 shares
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
114000
CY2015Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4632000
CY2015Q1 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
2210000
CY2015Q1 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
5000
CY2015Q1 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
107000
CY2015Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
74000
CY2015Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
165000
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-18000
CY2015Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5000
CY2015Q1 us-gaap Fees And Commissions
FeesAndCommissions
503000
CY2015Q1 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
633000
CY2015Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
363000
CY2015Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
329000
CY2015Q1 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
-52000
CY2015Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-148000
CY2015Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
9000
CY2015Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
79000
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
604000
CY2015Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
4988000
CY2015Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
55000
CY2015Q1 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
358000
CY2015Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
57000
CY2015Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
410000
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
570000
CY2015Q1 us-gaap Dividend Income Operating
DividendIncomeOperating
21000
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1148000
CY2015Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4632000
CY2015Q1 us-gaap Increase Decrease In Federal Funds Purchased
IncreaseDecreaseInFederalFundsPurchased
-1903000
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
736000
CY2015Q1 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
547000
CY2015Q1 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
228000
CY2015Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
8000
CY2015Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
10515000
CY2015Q1 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
916000
CY2015Q1 us-gaap Noninterest Income
NoninterestIncome
1591000
CY2015Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
64000
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
192000
CY2015Q1 us-gaap Interest Expense Federal Funds Purchased
InterestExpenseFederalFundsPurchased
1000
CY2015Q1 us-gaap Marketing Expense
MarketingExpense
97000
CY2015Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
329000
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
43000
CY2015Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
329000
CY2015Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
67000
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
8000
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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