fxnc: the income statement

MyFinsight

FIRST NATIONAL CORP VA (FXNC)

For the quarter ending 2025-06-30.

Overview

Net Income
$5,051K
EPS
$0.56
Unit: Thousand (K) dollars

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Noninterest income	-	3,275	2,929	2,510
Other operating income	-	90	44	27
Income from bank owned life insurance	-	246	191	149
Net gains on securities available for sale	-	-	39	-
Total noninterest income	3,889	3,611	3,203	2,686
Us-gaap_profitlossfromrealestateoperations	-	-	-10	-
Amortization expense	-	442	4	5
Miscellaneous losses	-	316	-	-
Supplies	198	217	123	115
Legal and professional fees	594	522	596	1,124
Other real estate owned, net	-	-	-	-
Other operating expense	1,780	1,615	1,083	1,069
Buildings	944	1,069	585	548
Marketing	286	220	262	273
Salaries and employee benefits	8,033	8,689	5,927	5,839
Data processing expense	504	762	290	163
Net losses on disposal of premises and equipment	-7	1	-2	-
Fdic assessment	315	414	195	203
Equipment	1,057	1,024	726	691
Merger expense	92	1,940	-	-
Core deposit intangible amortization expense	441	-	-	-
Internet banking expense	55	351	-	-
Bank franchise tax	348	317	262	261
Atm and check card expense	537	438	394	368
Total noninterest expense	15,191	18,335	10,459	10,659
Provision for credit losses	911	832	1,700	400
Interest on subordinated debt	468	467	69	69
Interest on other borrowings	3	-	600	606
Interest on junior subordinated debt	66	66	68	66
Interest on deposits	6,080	6,038	4,958	4,820
Total interest expense	6,617	6,571	5,695	5,561
Tax-exempt interest	298	300	303	306
Taxable interest	1,313	1,314	1,091	1,134
Interest on federal funds sold	-	39	-	-
Interest on deposits in banks	1,891	1,671	1,538	1,579
Interest and fees on loans	21,594	20,639	14,479	14,004
Dividends	69	59	33	32
Total interest and dividend income	25,165	24,022	17,444	17,055
Net interest income	18,548	17,451	11,749	11,494
Net interest income after provision for credit losses	17,637	-	10,049	11,094
Income before income taxes	6,335	1,895	2,793	3,121
Income tax expense	1,284	297	545	679
Net income	5,051	1,598	2,248	2,442

Basic (in dollars per share)	0.56	0.18	0.36	0.39
Diluted (in dollars per share)	0.56	0.18	0.36	0.39
Us-gaap_weightedaveragenumberofdilutedsharesoutstanding	9,001,972	9,005,923	6,303,282	6,289,405
Weighted average shares outstanding basic (in shares)	8,987,179	8,979,527	6,287,997	6,278,113

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

MyFinsight

Overview

Net Income
$5,051K
EPS
$0.56
Unit: Thousand (K) dollars

Income Statement

DownloadDownload image

Overview

Net Income
$5,051K
EPS
$0.56
Unit: Thousand (K) dollars

Income Statement

DownloadDownload image

Overview

Net Income$5,051KEPS$0.56Unit: Thousand (K) dollars

Income Statement

Overview

Net Income$5,051KEPS$0.56Unit: Thousand (K) dollars

Income Statement

Net Income
$5,051K
EPS
$0.56
Unit: Thousand (K) dollars

Net Income
$5,051K
EPS
$0.56
Unit: Thousand (K) dollars