For the quarter ending 2025-09-30, FXNC made $52,184K in revenue. $5,550K in net income. Net profit margin of 10.64%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Interest and fees on loans | 21,430 | 21,594 | 20,639 | 17,500 |
| Interest on deposits in banks | 1,733 | 1,891 | 1,671 | 1,687 |
| Interest on federal funds sold | 1 | 0 | 39 | 47 |
| Taxable interest | 1,562 | 1,313 | 1,314 | 1,254 |
| Tax-exempt interest | 296 | 298 | 300 | 307 |
| Dividends | 65 | 69 | 59 | 69 |
| Interest on federal funds purchased | - | - | - | 0 |
| Total interest and dividend income | 25,087 | 25,165 | 24,022 | 20,910 |
| Interest on deposits | 6,246 | 6,080 | 6,038 | 5,593 |
| Interest on subordinated debt | 479 | 468 | 467 | 233 |
| Interest on junior subordinated debt | 67 | 66 | 66 | 68 |
| Interest on other borrowings | 0 | 3 | - | 412 |
| Total interest expense | 6,792 | 6,617 | 6,571 | 6,306 |
| Net interest income | 18,295 | 18,548 | 17,451 | 14,605 |
| Provision for credit losses | 193 | 911 | 832 | 2,875 |
| Net interest income after provision for credit losses | 18,102 | 17,637 | - | 11,730 |
| Noninterest income-Deposit Account | 985 | - | - | - |
| Noninterest income-Credit And Debit Card | 1,336 | - | - | - |
| Noninterest income-Asset Management1 | 910 | - | - | - |
| Noninterest income-Financial Service Other | 407 | - | - | - |
| Noninterest income-Mortgage Banking | 166 | - | - | - |
| Income from bank owned life insurance | 284 | - | 246 | 916 |
| Gain on sale of other investment | - | - | - | 10 |
| Net gains on redemption of subordinated debt | 0 | - | - | - |
| Net (losses) on securities available for sale | - | - | - | -65 |
| Net gains on sale of mortgage loans held for sale | 5 | - | - | - |
| Noninterest income | - | - | 3,275 | 2,912 |
| Preliminary bargain purchase gain | 304 | - | - | 730 |
| Other operating income | 103 | - | 90 | 744 |
| Total noninterest income | 4,500 | 3,889 | 3,611 | 5,246 |
| Salaries and employee benefits | 8,487 | 8,033 | 8,689 | 6,684 |
| Occupancy | 1,025 | 944 | 1,069 | 720 |
| Equipment | 1,056 | 1,057 | 1,024 | 857 |
| Marketing | 324 | 286 | 220 | 251 |
| Supplies | 158 | 198 | 217 | 126 |
| Amortization expense | - | - | 442 | 226 |
| Legal and professional fees | 660 | 594 | 522 | 137 |
| Miscellaneous losses | - | - | 316 | - |
| Atm and check card expense | 569 | 537 | 438 | 2,412 |
| Net losses on disposal of premises and equipment | - | - | - | 12 |
| Internet banking expense | - | 55 | 351 | - |
| Fdic assessment | 305 | 315 | 414 | 231 |
| Bank franchise tax | 350 | 348 | 317 | 262 |
| Data processing expense | 495 | 504 | 762 | 476 |
| Core deposit intangible amortization expense | 442 | 441 | - | - |
| Other real estate owned, net | 0 | 0 | - | - |
| Net (gains) losses on disposal of premises and equipment | 23 | -7 | 1 | - |
| Other real estate loss (gain) and expense, net | - | - | - | -2 |
| Merger expense | 0 | 92 | 1,940 | 2,027 |
| Other operating expense | 1,934 | 1,780 | 1,615 | 1,488 |
| Total noninterest expense | 15,782 | 15,191 | 18,335 | 15,908 |
| Income before income taxes | 6,820 | 6,335 | 1,895 | 1,067 |
| Income tax expense | 1,270 | 1,284 | 297 | -71 |
| Net income | 5,550 | 5,051 | 1,598 | 1,138 |
| Basic (in dollars per share) | 0.62 | 0.56 | 0.18 | 0.125 |
| Diluted (in dollars per share) | 0.62 | 0.56 | 0.18 | 0.125 |
| Us-gaap_weightedaveragenumberofdilutedsharesoutstanding | 9,023,185 | 9,001,972 | 9,005,923 | -2,810,799 |
| Weighted average shares outstanding basic (in shares) | 8,999,153 | 8,987,179 | 8,979,527 | -2,805,259 |
FIRST NATIONAL CORP VA (FXNC)
FIRST NATIONAL CORP VA (FXNC)