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    FIRST NATIONAL CORP /VA/

    Company overview

    Market capitalization
    $271.05M
    Employees
    308
    Latest publication
    2026-09-29
    About FIRST NATIONAL CORP /VA/

    First National Corporation operates as the bank holding company for First Bank that provides various commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia. The company's deposit products include checking, savings, money market, and individual retirement accounts, as well as certificates of deposit and treasury management solutions. Its loan products also comprise construction loans, including residential and land development loans; 1-4 family residential real estate loans; and commercial real estate loans that are secured by commercial real estate, such as multi-family residential buildings, industrial and warehouse buildings, hotels, and religious facilities. In addition, the company's loan products include commercial and industrial loans; home equity loans; consumer loans, such as lines of credit, automobile loans, and unsecured loans. Further, it provides wealth management services comprising estate planning, investment management of assets, trustee under an agreement, trustee under a will, and estate settlement. Additionally, the company offers title insurance and investment services; and holds other real estate owned and office sites, as well as provides internet and mobile banking, remote deposit capture, and other traditional banking services. First National Corporation was founded in 1907 and is headquartered in Strasburg, Virginia.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Revenue29,651,000USD28,153,000USD23,970,000USD29,587,000USD29,054,000USD27,633,000USD24,803,000USD20,647,000USD
    Selling And Marketing Expenses476,000USD341,000USD—324,000USD286,000USD220,000USD—262,000USD
    Other Operating Expenses1,821,000USD1,564,000USD—1,934,000USD1,780,000USD1,615,000USD—1,083,000USD
    Total Operating Expenses2,297,000USD1,905,000USD—2,258,000USD2,066,000USD1,835,000USD—1,345,000USD
    Interest Income25,633,000USD24,329,000USD—25,087,000USD25,165,000USD24,022,000USD—17,444,000USD
    Interest Expense5,652,000USD5,653,000USD—6,792,000USD6,617,000USD6,571,000USD—5,695,000USD
    Net Interest Income19,981,000USD18,676,000USD—18,295,000USD18,548,000USD17,451,000USD—11,749,000USD
    Non Interest Income4,018,000USD3,824,000USD—4,500,000USD3,889,000USD3,611,000USD—3,203,000USD
    Revenue Net Of Interest Expense23,999,000USD22,500,000USD—22,795,000USD22,437,000USD21,062,000USD—14,952,000USD
    Non Interest Expense16,437,000USD15,982,000USD—15,782,000USD15,191,000USD18,335,000USD—10,459,000USD
    Labor And Related Expense9,006,000USD8,982,000USD—8,487,000USD8,033,000USD8,689,000USD—5,927,000USD
    Income Before Tax7,136,000USD6,068,000USD—6,820,000USD6,335,000USD1,895,000USD—2,793,000USD
    Income Tax Expense1,393,000USD1,181,000USD1,390,000USD1,270,000USD1,284,000USD297,000USD943,000USD545,000USD
    Net Income5,743,000USD4,887,000USD5,504,000USD5,550,000USD5,051,000USD1,598,000USD-933,000USD2,248,000USD
    Operating Income——1,153,000USD———131,000USD—
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosurePreliminaryDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosurePreliminaryDisclosureDeterministicFinal

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Revenue116,515,000USD92,699,000USD69,503,000USD62,016,000USD47,331,000USD41,076,000USD41,449,000USD40,295,000USD
    Selling And Marketing Expenses1,180,000USD1,037,000USD910,000USD813,000USD666,000USD355,000USD651,000USD548,000USD
    Other Operating Expenses8,077,000USD5,127,000USD4,422,000USD—————
    Total Operating Expenses9,257,000USD6,164,000USD5,332,000USD813,000USD666,000USD355,000USD651,000USD548,000USD
    Interest Income99,497,000USD76,319,000USD57,719,000USD49,395,000USD37,144,000USD32,851,000USD32,897,000USD31,138,000USD
    Interest Expense26,251,000USD23,867,000USD14,306,000USD3,820,000USD2,304,000USD3,383,000USD4,887,000USD3,512,000USD
    Net Interest Income73,246,000USD52,452,000USD43,413,000USD45,575,000USD34,840,000USD29,468,000USD28,010,000USD27,626,000USD
    Non Interest Income17,018,000USD16,380,000USD11,784,000USD12,621,000USD10,187,000USD8,225,000USD8,552,000USD9,157,000USD
    Revenue Net Of Interest Expense90,264,000USD68,832,000USD55,197,000USD58,196,000USD45,027,000USD37,693,000USD36,562,000USD36,783,000USD
    Non Interest Expense65,433,000USD52,934,000USD37,242,000USD35,597,000USD32,732,000USD23,786,000USD24,318,000USD23,761,000USD
    Labor And Related Expense33,663,000USD25,134,000USD21,039,000USD20,709,000USD17,792,000USD13,321,000USD13,567,000USD13,287,000USD
    Income Before Tax21,944,000USD8,048,000USD11,805,000USD20,749,000USD12,945,000USD10,907,000USD11,794,000USD12,422,000USD
    Income Tax Expense4,241,000USD1,082,000USD2,181,000USD3,952,000USD2,586,000USD2,049,000USD2,238,000USD2,287,000USD
    Net Income17,703,000USD6,966,000USD9,624,000USD16,797,000USD10,359,000USD8,858,000USD9,556,000USD10,135,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinal

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets2,075,645,000USD2,075,823,000USD2,037,978,000USD2,030,754,000USD2,041,441,000USD2,033,347,000USD2,010,281,000USD1,450,716,000USD
    Cash And Equivalents166,148,000USD187,809,000USD160,910,000USD189,317,000USD194,315,000USD206,032,000USD162,874,000USD126,516,000USD
    Total Liabilities1,882,057,000USD1,887,261,000USD1,851,782,000USD1,849,545,000USD1,867,909,000USD1,864,671,000USD1,843,750,000USD1,325,601,000USD
    Total Stockholder Equity193,588,000USD188,562,000USD186,196,000USD181,209,000USD173,532,000USD168,676,000USD166,531,000USD125,115,000USD
    Total Equity Including Noncontrolling Interest193,588,000USD188,562,000USD186,196,000USD181,209,000USD173,532,000USD168,676,000USD166,531,000USD125,115,000USD
    Property Plant Equipment Net34,021,000USD34,327,000USD36,354,000USD34,107,000USD34,530,000USD34,609,000USD36,827,000USD22,960,000USD
    Goodwill3,030,000USD3,030,000USD3,030,000USD3,030,000USD3,030,000USD3,030,000USD3,030,000USD3,030,000USD
    Intangible Assets12,352,000USD12,785,000USD13,219,000USD13,661,000USD14,102,000USD14,544,000USD14,986,000USD104,000USD
    Common Stock11,303,000USD11,301,000USD11,282,000USD11,262,000USD11,236,000USD11,233,000USD11,218,000USD7,871,000USD
    Retained Earnings116,494,000USD112,288,000USD108,937,000USD104,964,000USD100,810,000USD97,152,000USD96,947,000USD99,270,000USD
    Accumulated Other Comprehensive Income-12,876,000USD-13,427,000USD-12,239,000USD-13,204,000USD-16,092,000USD-17,063,000USD-18,692,000USD-15,435,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinal

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets2,037,978,000USD2,010,281,000USD1,419,295,000USD1,369,383,000USD1,389,437,000USD950,932,000USD800,048,000USD752,969,000USD
    Cash And Equivalents160,910,000USD162,874,000USD—————28,618,000USD
    Total Liabilities1,851,782,000USD1,843,750,000USD1,303,024,000USD1,261,023,000USD1,272,398,000USD866,016,000USD722,829,000USD686,295,000USD
    Total Stockholder Equity186,196,000USD166,531,000USD116,271,000USD108,360,000USD117,039,000USD84,916,000USD77,219,000USD66,674,000USD
    Total Equity Including Noncontrolling Interest186,196,000USD166,531,000USD116,271,000USD108,360,000USD117,039,000USD84,916,000USD77,219,000USD66,674,000USD
    Property Plant Equipment Net36,354,000USD36,827,000USD22,142,000USD21,876,000USD22,403,000USD19,319,000USD19,747,000USD20,066,000USD
    Goodwill3,030,000USD3,030,000USD3,030,000USD3,030,000USD3,030,000USD———
    Intangible Assets13,219,000USD14,986,000USD117,000USD136,000USD154,000USD19,000USD170,000USD—
    Common Stock11,282,000USD11,218,000USD7,829,000USD7,831,000USD7,785,000USD6,075,000USD6,212,000USD6,197,000USD
    Retained Earnings108,937,000USD96,947,000USD94,198,000USD90,284,000USD76,990,000USD69,292,000USD62,583,000USD54,814,000USD
    Accumulated Other Comprehensive Income-12,239,000USD-18,692,000USD-18,706,000USD-22,471,000USD298,000USD3,398,000USD724,000USD-1,808,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinal

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USDQ3 20232023-09-30 · USDQ2 20232023-06-30 · USDQ3 20222022-09-30 · USD
    Depreciation867,000USD1,325,000USD883,000USD13,000USD9,000USD14,000USD9,000USD14,000USD
    Stock Based Compensation559,000USD1,031,000USD445,000USD466,000USD202,000USD681,000USD407,000USD728,000USD
    Deferred Income Tax-200,000USD484,000USD0USD90,000USD-53,000USD323,000USD274,000USD46,000USD
    Other Non Cash Items0USD80,000USD80,000USD—————
    Change To Liabilities-1,281,000USD-1,158,000USD-306,000USD3,088,000USD2,567,000USD-814,000USD-893,000USD-176,000USD
    Change In Working Capital1,109,000USD116,000USD-1,400,000USD-1,223,000USD-1,993,000USD-284,000USD-108,000USD3,513,000USD
    Operating Cash Flow13,335,000USD16,665,000USD8,228,000USD14,478,000USD8,336,000USD11,310,000USD7,862,000USD16,837,000USD
    Capital Expenditures-914,000USD-2,674,000USD-1,071,000USD-2,163,000USD-958,000USD-682,000USD-475,000USD-596,000USD
    Net Investments-11,840,000USD-26,504,000USD-20,981,000USD9,587,000USD6,318,000USD9,623,000USD6,422,000USD409,000USD
    Unclassified Investing Cash Flow-23,741,000USD36,938,000USD23,384,000USD670,000USD4,572,000USD-27,594,000USD-7,310,000USD-126,667,000USD
    Investing Cash Flow-36,495,000USD7,760,000USD1,332,000USD8,094,000USD9,932,000USD-18,653,000USD-1,363,000USD-126,854,000USD
    Common Dividends Paid-2,975,000USD-4,040,000USD-2,693,000USD-2,695,000USD-1,799,000USD-2,699,000USD-1,801,000USD-2,474,000USD
    Unclassified Financing Cash Flow31,373,000USD6,058,000USD24,574,000USD19,478,000USD32,004,000USD-6,205,000USD971,000USD12,270,000USD
    Financing Cash Flow28,398,000USD2,018,000USD21,881,000USD16,783,000USD30,205,000USD-9,472,000USD-1,337,000USD9,796,000USD
    Change In Cash5,238,000USD26,443,000USD31,441,000USD39,355,000USD48,473,000USD-16,815,000USD5,162,000USD-100,221,000USD
    End Cash Flow166,148,000USD189,317,000USD194,315,000USD126,516,000USD135,634,000USD50,099,000USD72,076,000USD75,785,000USD
    Net Common Stock Issuance—————-568,000USD-507,000USD—
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Depreciation434,000USD1,151,000USD1,148,000USD1,116,000USD442,000USD1,093,000USD452,000USD447,000USD
    Stock Based Compensation338,000USD152,000USD586,000USD180,000USD265,000USD169,000USD264,000USD60,000USD
    Deferred Income Tax-314,000USD———0USD———
    Change To Liabilities-2,282,000USD———-666,000USD———
    Change In Working Capital2,645,000USD-1,833,000USD569,000USD-1,825,000USD768,000USD-37,315,000USD1,413,000USD424,000USD
    Operating Cash Flow6,404,000USD———3,527,000USD———
    Capital Expenditures-488,000USD-1,506,000USD-1,603,000USD-588,000USD-483,000USD-1,137,000USD-1,205,000USD-653,000USD
    Net Investments-2,018,000USD———4,698,000USD———
    Unclassified Investing Cash Flow-13,082,000USD19,867,000USD1,342,000USD24,565,000USD15,122,000USD-77,587,000USD7,479,000USD18,045,000USD
    Investing Cash Flow-15,588,000USD———19,337,000USD———
    Common Dividends Paid-1,486,000USD———-1,347,000USD———
    Unclassified Financing Cash Flow37,569,000USD——24,580,000USD21,641,000USD-50,000,000USD——
    Financing Cash Flow36,083,000USD———20,294,000USD———
    Change In Cash26,899,000USD-28,407,000USD-4,998,000USD-11,717,000USD43,158,000USD36,358,000USD-9,118,000USD-3,075,000USD
    End Cash Flow187,809,000USD———206,032,000USD———
    Net Income—5,504,000USD5,550,000USD5,051,000USD—-933,000USD2,248,000USD2,442,000USD
    Other Non Cash Items—4,853,000USD2,318,000USD179,000USD—831,000USD1,622,000USD359,000USD
    Change To Account Receivables—-229,000USD-95,000USD-17,000USD—606,000USD122,000USD62,000USD
    Total Cash From Operating Activities—8,524,000USD8,437,000USD4,701,000USD—-36,682,000USD6,142,000USD3,633,000USD
    Free Cash Flow—7,018,000USD6,834,000USD4,113,000USD—-37,819,000USD4,937,000USD2,980,000USD
    Investments—-18,361,000USD-3,466,000USD-18,005,000USD—128,732,000USD-1,838,000USD-12,480,000USD
    Total Cashflows From Investing Activities—-37,173,000USD6,428,000USD-18,005,000USD—128,732,000USD-1,838,000USD-12,480,000USD
    Net Borrowings—12,000,000USD-25,000,000USD———0USD—
    Total Cash From Financing Activities—242,000USD-19,863,000USD1,587,000USD—-55,692,000USD-13,422,000USD5,772,000USD
    Dividends Paid—-1,480,000USD-1,347,000USD-1,346,000USD—-1,343,000USD-896,000USD-899,000USD
    Sale Purchase Of Stock—-154,000USD0USD0USD—-8,000USD0USD-3,000USD
    Begin Period Cash Flow—189,317,000USD194,315,000USD206,032,000USD—126,516,000USD135,634,000USD138,709,000USD
    End Period Cash Flow—160,910,000USD189,317,000USD194,315,000USD—162,874,000USD126,516,000USD135,634,000USD
    Other Cashflows From Investing Activities—-37,173,000USD10,155,000USD-23,977,000USD—78,724,000USD-6,274,000USD-17,392,000USD
    Other Cashflows From Financing Activities—-10,044,000USD6,484,000USD-21,647,000USD—-4,341,000USD-12,526,000USD6,674,000USD
    Unclassified Operating Cash Flow—-1,303,000USD-1,734,000USD—————
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Depreciation4,567,000USD2,360,000USD1,619,000USD1,518,000USD1,428,000USD1,451,000USD1,602,000USD1,347,000USD
    Stock Based Compensation1,183,000USD635,000USD753,000USD785,000USD354,000USD290,000USD183,000USD189,000USD
    Deferred Income Tax386,000USD-437,000USD-399,000USD-241,000USD-1,682,000USD-923,000USD-8,000USD135,000USD
    Other Non Cash Items80,000USD———————
    Change To Liabilities842,000USD-38,569,000USD-808,000USD677,000USD-1,043,000USD2,159,000USD448,000USD-364,000USD
    Change In Working Capital-582,000USD2,513,000USD188,000USD4,918,000USD-1,714,000USD828,000USD-820,000USD1,331,000USD
    Operating Cash Flow25,109,000USD-22,204,000USD16,390,000USD26,772,000USD7,868,000USD15,091,000USD11,851,000USD13,758,000USD
    Capital Expenditures-4,180,000USD-3,300,000USD-1,866,000USD-1,181,000USD-835,000USD-909,000USD-1,030,000USD-1,539,000USD
    Net Investments-46,819,000USD48,822,000USD12,500,000USD17,953,000USD-142,474,000USD34,100,000USD22,031,000USD15,700,000USD
    Unclassified Investing Cash Flow21,586,000USD91,304,000USD-44,979,000USD-136,912,000USD17,005,000USD-103,677,000USD-49,895,000USD-44,001,000USD
    Investing Cash Flow-29,413,000USD136,826,000USD-34,345,000USD-120,140,000USD-126,304,000USD-70,486,000USD-28,894,000USD-29,840,000USD
    Common Dividends Paid-5,520,000USD-4,038,000USD-3,596,000USD-3,308,000USD-2,505,000USD-2,007,000USD-1,674,000USD-929,000USD
    Unclassified Financing Cash Flow7,860,000USD-34,871,000USD41,798,000USD-12,416,000USD169,650,000USD138,914,000USD35,884,000USD5,668,000USD
    Financing Cash Flow2,340,000USD-38,909,000USD38,202,000USD-15,724,000USD167,145,000USD136,907,000USD34,210,000USD4,714,000USD
    Change In Cash-1,964,000USD75,713,000USD20,247,000USD-109,092,000USD48,709,000USD81,512,000USD17,167,000USD—
    End Cash Flow160,910,000USD162,874,000USD87,161,000USD66,914,000USD176,006,000USD127,297,000USD45,785,000USD—
    Net Common Stock Issuance———0USD———-25,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinal

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2019Quarterly · 2019-03-31ProductBank Servicing And Deposit Account701,000USDDisclosure
    Q1 2019Quarterly · 2019-03-31ProductCredit And Debit Card517,000USDDisclosure
    Q1 2019Quarterly · 2019-03-31ProductFinancial Service Other175,000USDDisclosure
    Q1 2019Quarterly · 2019-03-31ProductFinancial Service Wealth Management437,000USDDisclosure
    FY 2018Yearly · 2018-12-31ProductBank Servicing And Deposit Account3,178,000USDDisclosure
    FY 2018Yearly · 2018-12-31ProductCredit And Debit Card2,256,000USDDisclosure
    FY 2018Yearly · 2018-12-31ProductFinancial Service Other601,000USDDisclosure
    FY 2018Yearly · 2018-12-31ProductFinancial Service Wealth Management1,682,000USDDisclosure
    FY 2017Yearly · 2017-12-31ProductBank Servicing And Deposit Account3,028,000USDDisclosure
    FY 2017Yearly · 2017-12-31ProductCredit And Debit Card2,140,000USDDisclosure
    FY 2017Yearly · 2017-12-31ProductFinancial Service Other570,000USDDisclosure
    FY 2017Yearly · 2017-12-31ProductFinancial Service Wealth Management1,447,000USDDisclosure

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.