First National Corporation (FXNC) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1761274629404139
Cash and cash equivalents1761274629404139
Total current assets:1761274629404139
Noncurrent Assets
Property, plant and equipment22192020202121
Intangible assets, net (including goodwill)300    
Goodwill3      
Intangible assets, net (excluding goodwill)000    
Total noncurrent assets:26192020202121
Other undisclosed assets1,188804734704679654632
TOTAL ASSETS:1,389951800753739716692
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,272866723686681664646
Total liabilities:1,272866723686681664646
Stockholders' equity
Stockholders' equity attributable to parent117857767585246
Common stock8666666
Additional paid in capital32687777
Accumulated other comprehensive income (loss)031(2)(1)(1)(2)
Retained earnings77696355464034
Total stockholders' equity:117857767585246
TOTAL LIABILITIES AND EQUITY:1,389951800753739716692

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues983333292724
Net investment income  3331282522
Cost of revenue (3)(0)(1)(0)(0) 
Provision for loan, lease, and other losses (3)(0) 
Financial services costs(1)(0)(0) 
Gross profit:953232292724
Operating expenses(8)(4)(5)(18)(18)(18)(19)
Other operating income, net
(Noninterest Income, Other Operating Income)
10 1000
Operating income:2028151295
Nonoperating income (expense)10(0)1101
Investment income, nonoperating      0
Bank owned life insurance income10 1100
Loss from real estate operations(0) (0)    
Interest and debt expense(2)(3)(5)(4)(2)(2)(1)
Income (loss) from continuing operations before equity method investments, income taxes:0(3)23121084
Other undisclosed income (loss) from continuing operations before income taxes1314(11)000(0)
Income from continuing operations before income taxes:131112121084
Income tax expense(3)(2)(2)(2)(4)(2)(1)
Net income attributable to parent:1091010663
Preferred stock dividends and other adjustments      (1)
Net income available to common stockholders, diluted:1091010662

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1091010663
Other comprehensive income (loss)   (0)010
Comprehensive income:1091010773
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)33(1)(0)0(0)
Comprehensive income, net of tax, attributable to parent:712129773

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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