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First National Corp President & CEO Scott C. Harvard reported a bona fide gift of company stock. On May 5, 2026, he transferred 675 shares of First National Corp common stock as a gift, with no sale proceeds.
After this disposition, he directly holds 71,565 shares of common stock. A gift transaction is a transfer without payment and is not an open-market purchase or sale, so it mainly updates his reported holdings rather than signaling a trading decision.
First National Corporation reported strong first quarter 2026 results. Net income rose to $4.9 million, with basic and diluted earnings per share of $0.54 for the quarter ended March 31, 2026, up sharply from $0.18 a year earlier.
Profitability improved, with return on average assets at 0.98% and return on average equity at 10.51%. The fully tax-equivalent net interest margin expanded to 3.99%, supported by disciplined funding costs and acquisition-related accretion. Asset quality remained solid as nonperforming assets fell to 0.21% of total assets and coverage ratios increased.
Balance sheet growth was modest but healthy. Net loans increased by $14.7 million, a 4.0% annualized pace, while deposits grew $37.7 million, or 8.4% annualized, driven by lower-cost deposit categories. Tangible book value per share increased to $19.11, and regulatory capital ratios at both the holding company and bank stayed comfortably above required levels.
First National Corporation is asking shareholders to vote at its 2026 Annual Meeting on May 13, 2026 in Strasburg, Virginia. Shareholders will elect twelve directors to one-year terms and consider ratifying Yount, Hyde & Barbour, P.C. as independent registered public accounting firm for 2026.
The proxy outlines internet-based voting procedures, quorum rules, broker nonvote treatment, and how proxies may be revoked. It details Board structure, committee responsibilities, director independence, and risk oversight practices. Executive and director compensation, equity incentive plans, and potential payments upon termination or change in control for senior leaders are summarized, along with stock ownership by insiders and a significant 9.85% holder.
First National Corporation, the Virginia-based holding company for First Bank, files its annual report outlining its community banking business, regulatory framework, and risk profile. The company serves individuals and small to mid-sized businesses through 33 branches, a loan production office, and digital channels across Virginia and northern North Carolina.
The report highlights that net interest income is the primary revenue source, supplemented by fees from wealth management and mortgage activities. As of December 31, 2025, First Bank’s regulatory capital ratios significantly exceed “well capitalized” thresholds, and it employed 308 full-time equivalent staff. Extensive risk factors cover credit quality, commercial real estate exposure, interest rate sensitivity, liquidity, technology and cybersecurity, AI-related risks, regulatory burdens, and economic and competitive pressures.
First National Corp EVP-CFO Brad E Schwartz bought 1,000 shares of common stock in an open-market purchase at $26.91 per share. After this transaction, he directly owns 6,470 shares of First National Corp common stock.
First National Corp EVP-CFO Brad E. Schwartz reported routine stock transactions. On February 15, 2026, he acquired 728 shares of common stock as a grant at $0.00 per share and had 258 shares withheld at $28.21 per share to cover taxes, leaving him with 5,470 directly owned shares.
First National Corp executive Dennis A. Dysart reported equity transactions in company stock. As Senior EVP/COO, he received a grant of 2,445 shares of common stock at $0 per share on February 15, 2026, increasing his direct holdings to 44,282 shares. On the same date, 868 shares at $28.21 per share were withheld and disposed of to cover tax obligations, leaving him with 43,414 directly owned shares after these transactions.
FIRST NATIONAL CORP /VA/ President & CEO Harvard Scott C reported stock-based compensation activity in company shares. On February 15, 2026, he received a grant or award of 5,225 shares of common stock at $0 per share, then had 1,868 shares withheld in a tax-withholding disposition at $28.21 per share. After these transactions, he directly owned 72,105.7357 shares of common stock.
First National Corp executive Brad E. Schwartz, EVP-CFO, reported an equity award of restricted stock units tied to FXNC common stock. On February 11, 2026, he acquired 2,183 restricted stock units at a price of $0 per unit as a grant or award. Each unit represents a contingent right to receive one share of FXNC common stock.
The award vests in three installments: 728 units on February 15, 2026, 728 units on February 15, 2027, and 727 units on February 15, 2028. After this grant, Schwartz directly beneficially owns 7,183 derivative securities in the form of restricted stock units.