First National Corporation (FXNC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments127462940413925
Cash and cash equivalents127462940413925
Disposal group, including discontinued operation      0
Total current assets:127462940413925
Noncurrent Assets
Property, plant and equipment19202020212116
Intangible assets, net (including goodwill)00     
Intangible assets, net (excluding goodwill)00     
Total noncurrent assets:19202020212116
Other undisclosed assets804734704679654632477
TOTAL ASSETS:951800753739716692518
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities866723686681664646459
Total liabilities:866723686681664646459
Stockholders' equity
Stockholders' equity attributable to parent85776758524660
Preferred stock      15
Common stock6666666
Additional paid in capital6877777
Accumulated other comprehensive income (loss)31(2)(1)(1)(2)(2)
Retained earnings69635546403434
Total stockholders' equity:85776758524660
TOTAL LIABILITIES AND EQUITY:951800753739716692518

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8333329272423
Net investment income 333128252220
Cost of revenue(3)(0)(1)(0)(0) (0)
Provision for loan, lease, and other losses(3)(0) 
Financial services costs(1)(0)(0) (0)
Gross profit:5323229272423
Operating expenses(4)(5)(18)(18)(18)(19)(15)
Other operating income, net
(Noninterest Income, Other Operating Income)
0 10000
Operating income:0281512958
Nonoperating income (expense)0(0)11011
Investment income, nonoperating     01
Gains on sales of other real estate      0
Bank owned life insurance income0 11000
Loss from real estate operations (0)     
Interest and debt expense(3)(5)(4)(2)(2)(1)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(3)231210848
Other undisclosed income (loss) from continuing operations before income taxes14(11)000(0)3
Income from continuing operations before income taxes:111212108411
Income tax expense(2)(2)(2)(4)(2)(1)(3)
Net income attributable to parent:910106638
Preferred stock dividends and other adjustments     (1)(1)
Net income available to common stockholders, diluted:910106626

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:910106638
Other comprehensive income (loss)  (0)010(0)
Comprehensive income:910107737
Other undisclosed comprehensive income (loss), net of tax, attributable to parent33(1)(0)0(0) 
Comprehensive income, net of tax, attributable to parent:121297737

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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