First National Corporation (FXNC) financial statements (2020 and earlier)

Company profile

Business Address 112 WEST KING STREET
STRASBURG, VA 22657
State of Incorp. VA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments46294041392532
Cash and cash equivalents46294041392532
Disposal group, including discontinued operation     0 
Total current assets:46294041392532
Noncurrent Assets
Property, plant and equipment20202021211617
Intangible assets, net (including goodwill)0     
Intangible assets, net (excluding goodwill)0      
Total noncurrent assets:20202021211617
Other undisclosed assets734704679654632477475
TOTAL ASSETS:800753739716692518523
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities723686681664646459469
Total liabilities:723686681664646459469
Stockholders' equity
Stockholders' equity attributable to parent77675852466054
Preferred stock     1515
Common stock6666666
Additional paid in capital8777777
Accumulated other comprehensive income (loss)1(2)(1)(1)(2)(2)(1)
Retained earnings63554640343427
Total stockholders' equity:77675852466054
TOTAL LIABILITIES AND EQUITY:800753739716692518523

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3333292724232
Net investment income333128252220 
Financial services revenue222232
Cost of revenue(0)(1)(0)(0) (0) 
Provision for loan, lease, and other losses(0) 
Financial services costs(1)(0)(0) (0) 
Gross profit:3232292724232
Operating expenses(5)(18)(18)(18)(19)(15)(12)
Other operating income, net
(Noninterest Income, Other Operating Income)
 100000
Operating income (loss):281512958(10)
Nonoperating income (expense)(0)110110
Investment income, nonoperating    01 
Loss on contract termination      (0)
Gains on sales of other real estate     00
Bank owned life insurance income 110000
Loss from real estate operations(0)      
Interest and debt expense(5)(4)(2)(2)(1)(2)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes      18
Income from continuing operations before equity method investments, income taxes:2312108485
Other undisclosed income (loss) from continuing operations before income taxes(11)000(0)3 
Income from continuing operations before income taxes:12121084115
Income tax expense (benefit)(2)(2)(4)(2)(1)(3)5
Net income attributable to parent:1010663810
Preferred stock dividends and other adjustments    (1)(1)(1)
Net income available to common stockholders, diluted:101066269

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1010663810
Other comprehensive income (loss) (0)010(0) 
Comprehensive income:1010773710
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3(1)(0)0(0) (0)
Comprehensive income, net of tax, attributable to parent:12977379

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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