National Bankshares, Inc. (NKSH) Financial Statements (2024 and earlier)

Company Profile

Business Address 101 HUBBARD STREET
BLACKSBURG, VA 24060
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments71,429138,789133,87287,17156,37364,159
Cash and cash equivalents71,429138,789133,87287,17156,37364,159
Total current assets:71,429138,789133,87287,17156,37364,159
Noncurrent Assets
Operating lease, right-of-use asset   1,9982,277
Property, plant and equipment10,3719,72210,0358,9198,6468,221
Long-term investments and receivables 107,746189,027189,667183,056189,692 
Long-term investments 107,746189,027189,667183,056189,692 
Intangible assets, net (including goodwill), including:5,8485,8485,84811,6965,8485,898
Goodwill5,8485,8485,8485,8485,8485,848
Intangible assets, net (excluding goodwill)    5,8485,8485,898
Other undisclosed intangible assets, net (including goodwill)     (5,848)(5,848)
Total noncurrent assets:123,965204,597207,548205,948204,18614,119
Other undisclosed assets1,482,1571,358,7891,178,2531,028,718995,4731,178,479
TOTAL ASSETS:1,677,5511,702,1751,519,6731,321,8371,256,0321,256,757
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,554,8641,510,4241,319,0661,138,1111,065,7941,071,861
Total liabilities:1,554,8641,510,4241,319,0661,138,1111,065,7941,071,861
Equity
Equity, attributable to parent122,687191,751200,607183,726190,238184,896
Common stock7,3627,5808,0408,1128,6988,698
Accumulated other comprehensive income (loss)(83,766)(4,058)3,020(8,506)(12,085)(9,695)
Retained earnings199,091188,229189,547184,120193,625185,893
Total equity:122,687191,751200,607183,726190,238184,896
TOTAL LIABILITIES AND EQUITY:1,677,5511,702,1751,519,6731,321,8371,256,0321,256,757

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues50,26645,35144,68438,42236,36844,022
Net investment income50,10944,98744,00838,42236,36835,549
Financial services revenue8,473
Cost of revenue  (1,991)(126) (157)
Provision for loan, lease, and other losses  (1,991)(126) 
Financial services costs(157)
Gross profit:50,26645,35142,69338,29636,36843,865
Operating expenses(5,120)(4,881)(4,980)(5,037)(4,679)(17,909)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,0911,2611,093  1,148
Operating income:46,23741,73138,80633,25931,68927,104
Nonoperating income4,781910877  758
Investment income, nonoperating 3,823     
Bank owned life insurance income958910877  758
Interest and debt expense(3,083)(3,098)(5,837)(7,380)(5,047)(4,125)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (14,692)(5,202)(7,931)(3,352)
Income from continuing operations before equity method investments, income taxes:47,93539,54319,15420,67718,71120,385
Other undisclosed loss from continuing operations before income taxes(16,172)(14,910)    
Income from continuing operations before income taxes:31,76324,63319,15420,67718,71120,385
Income tax expense(5,831)(4,251)(3,077)(3,211)(2,560)(6,293)
Income from continuing operations:25,93220,38216,07717,46616,15114,092
Income before gain (loss) on sale of properties:20,38216,07717,46616,15114,092
Net income available to common stockholders, diluted:25,93220,38216,07717,46616,15114,092

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:25,93220,38216,07717,46616,15114,092
Other comprehensive income (loss)(79,708)(7,078)11,5263,579(2,390)682
Comprehensive income (loss), net of tax, attributable to parent:(53,776)13,30427,60321,04513,76114,774

Statements Sources

The financial statements are based on the Company's filings with 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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