For the quarter ending 2025-09-30, FXNC had -$4,998K decrease in cash & cash equivalents over the period. $6,834K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Interest income | 74,273 | - |
| Community Banking | 19,979 | - |
| Wealth Management | 0 | - |
| Interest expense | 19,979 | - |
| Net interest income | 54,294 | - |
| Community Banking | 1,936 | - |
| Wealth Management | 0 | - |
| Provision for credit losses | 1,936 | - |
| Net interest income after provision for credit losses | 52,358 | - |
| Total noninterest income | 12,000 | - |
| Salaries and employee benefits | 25,209 | - |
| Occupancy | 3,038 | - |
| Equipment | 3,138 | - |
| Legal and professional fees | 1,775 | - |
| Community Banking | 1,650 | - |
| Wealth Management | 111 | - |
| Data processing expense | 1,761 | - |
| Community Banking | 0 | - |
| Wealth Management | 985 | - |
| Investment management | 985 | - |
| Other operating expense | 13,402 | - |
| Total noninterest expense | 49,308 | - |
| Income before income taxes | 15,050 | - |
| Community Banking | 1,201 | - |
| Wealth Management | 69 | - |
| Income tax expense | 2,851 | - |
| Net income | 5,550 | 6,649 |
| Depreciation and amortization of premises and equipment | 706 | 1,340 |
| Core deposit intangible amortization expense | 442 | 883 |
| Amortization of debt issuance costs | 0 | 1 |
| Amortization of subordinated debt fair value mark | 93 | 471 |
| Gain on redemption of subordinated debt | 0 | 80 |
| Origination of mortgage loans held for sale | 1,067 | 2,495 |
| Proceeds from sale of mortgage loans held for sale | 1,482 | 2,489 |
| Provision for credit losses on loans | 200 | 1,635 |
| (recovery of) credit losses on securities held to maturity | -15 | 3 |
| Provision for (recovery of) credit losses on unfunded commitments | 8 | 105 |
| Net (gain) on sale of other real estate owned | 0 | 7 |
| Increase in cash value of bank owned life insurance | 284 | 477 |
| Accretion of discounts and amortization of premiums on securities, net | 137 | 430 |
| Accretion of premium on time deposits | -67 | -606 |
| Accretion of certain acquisition-related loan premiums (discounts), net | 81 | 736 |
| Stock-based compensation | 586 | 445 |
| Excess tax benefits on stock-based compensation | -21 | 0 |
| Net (gains) losses on disposal of premises and equipment | 23 | -7 |
| Bargain purchase gain | 304 | - |
| Deferred income tax (benefit) | 484 | 0 |
| (increase) in interest receivable | 95 | 123 |
| Decrease (increase) in other assets | -1,516 | 1,400 |
| (decrease) increase in accrued interest payable and other liabilities | -852 | -306 |
| Net cash provided by operating activities | 8,437 | 8,228 |
| Proceeds from maturities, calls, and principal payments of securities available for sale | 10,587 | 9,185 |
| Proceeds from maturities, calls, and principal payments of securities held to maturity | 2,057 | 3,746 |
| Purchases of securities available for sale | 16,110 | 30,166 |
| Purchases of restricted securities | -1,188 | 1,929 |
| Net redemption of restricted securities | 0 | 46 |
| Purchase of premises and equipment | 1,603 | 1,071 |
| Proceeds from sale of premises and equipment | 1,343 | 18 |
| Proceeds from sale of other real estate owned | 0 | 60 |
| Purchase of bank owned life insurance | 1 | 17 |
| Proceeds from cash value of bank owned life insurance | 0 | 0 |
| Net decrease (increase) in loans | -8,967 | -21,460 |
| Net cash provided by investing activities | 6,428 | 1,332 |
| Net (decrease) increase in demand deposits and savings accounts | 861 | -2,017 |
| Net increase in time deposits | 5,623 | 2,011 |
| Redemption of subordinated debt | 0 | 420 |
| Net increase in other borrowings | - | 25,000 |
| Cash dividends paid on common stock, net of reinvestment | 1,347 | 2,693 |
| Repurchase of common stock-First National Corporation2014Stock Incentive Plan | 0 | 0 |
| Net cash provided by financing activities | -19,863 | 21,881 |
| Increase in cash and cash equivalents | -4,998 | 31,441 |
| Cash and cash equivalents at beginning of period | 162,874 | - |
| Cash and cash equivalents at end of period | 189,317 | - |
FIRST NATIONAL CORP VA (FXNC)
FIRST NATIONAL CORP VA (FXNC)