National Bankshares Inc
nationalbankshares.comWhat Do They Do?
Provides retail and commercial banking services to individuals, businesses, nonprofits and local governments, alongside trust, insurance and investment services.
10-K for FY2025, filed Mar 27, 2026NBB is a community-oriented financial institution headquartered in Blacksburg, Virginia. Through 28 banking locations across southwest…View ↗
Deposit products offered by the Bank include interest-bearing and non-interest bearing demand deposit accounts, money market deposit…View ↗
In 2001, National Bankshares Financial Services, Inc. was formed in Virginia as a wholly-owned subsidiary of NBI. NBFS offers non-deposit…View ↗
How Do They Make Money?
Most revenue comes from lending; the bank also earns fees on deposit accounts, card transactions and trust services, plus insurance and investment commissions. Deposit fees are mostly collected immediately or the following month, card fees typically follow service, and trust fees are generally charged monthly.
10-K for FY2025, filed Mar 27, 2026The Bank’s primary source of revenue stems from lending activities. The Bank focuses lending on small and mid-sized businesses and…View ↗
Percentage of Total Operating Revenue For the Year Ended December 31, Revenue Component 2025 2024 Interest and Fees on Loans 65.00 % 60.59…View ↗
Service charges on deposit accounts consist of monthly service fees, overdraft and nonsufficient funds fees, ATM fees, wire transfer fees…View ↗
Credit and debit card fees are primarily comprised of interchange fee income and merchant services income. Interchange fees are earned…View ↗
Trust income is primarily comprised of fees earned from the management and administration of trusts and estates and other customer assets.…View ↗
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10-K for FY2025, filed Mar 27, 2026
FY2025 revenue by product or service ↗
$8.2M
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10-K for FY2025, filed Mar 27, 2026
$8.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Deposit Account
|
34%
FY2022: 35%
|
Deposit Account, FY2025
$2.8M Sources
|
|
|
Product and Service, Other
Mix
|
3.8%
FY2022: 3.1%
|
Product and Service, Other, FY2025
$310K Sources
|
Mix |
|
Credit and Debit Card
Usage-based
10-K for FY2025, filed Mar 27, 2026 |
21%
FY2022: 27%
|
Credit and Debit Card, FY2025
$1.7M Sources
|
Usage-based |
|
Fiduciary and Trust
Recurring
10-K for FY2025, filed Mar 27, 2026 |
30%
FY2022: 26%
|
Fiduciary and Trust, FY2025
$2.5M Sources
|
Recurring |
|
Insurance and Investment
|
11%
FY2022: 8.9%
|
Insurance and Investment, FY2025
$911K Sources
|
Who Are Their Customers?
The bank serves individuals, businesses, nonprofits and local governments through its Virginia offices and phone, mobile and internet banking. Its subsidiary sells insurance and non-deposit investment products to the public, working with product providers.
10-K for FY2025, filed Mar 27, 2026NBB is a community-oriented financial institution headquartered in Blacksburg, Virginia. Through 28 banking locations across southwest…View ↗
Deposit products offered by the Bank include interest-bearing and non-interest bearing demand deposit accounts, money market deposit…View ↗
In 2001, National Bankshares Financial Services, Inc. was formed in Virginia as a wholly-owned subsidiary of NBI. NBFS offers non-deposit…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 185 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 12, 2026
Open tableView ↗
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Jul 23, 2026
Repositioned securities portfolio to increase projected interest income
The company expects $4.25 million in annual interest income and says the sale loss should be recovered over approximately 1.8 years.
Sources
8-K, filed Jul 23, 2026
Also during the second quarter, the Company completed a strategic repositioning of a portion of its securities available-for-sale…View ↗
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May 1, 2026
Sold its stake in Bearing Insurance Group
The company estimated a pre-tax gain of approximately $6.57 million from the sale.
Sources
8-K, filed May 1, 2026
On May 1, 2026, National Bankshares, Inc. (the "Company"), announced the sale of its membership interest (held by the Company's subsidiary…View ↗
Growing. Revenue grew 23% in 4 years, from $6.7M in FY2021 to $8.2M in FY2025, about 5% a year.
Expanded geographic footprint
The older report describes a market area in southwest and central Virginia; the latest describes southwest, western and central Virginia.
10-K for FY2022, filed Mar 10, 2023 10-K for FY2025, filed Mar 27, 2026The Company serves customers through its offices in southwest and central Virginia. Although largely rural, the market area is home to…View ↗
The Company serves customers through its offices in southwest, western and central Virginia. Although largely rural, the market area is…View ↗
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