Welcome to our dedicated page for NATIONAL BANKSHARES SEC filings (Ticker: NKSH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on NATIONAL BANKSHARES's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into NATIONAL BANKSHARES's regulatory disclosures and financial reporting.
National Bankshares, Inc. reported net income of $10.01 million, or $1.57 per diluted share, for the six months ended June 30, 2026, up from $5.53 million, or $0.87, a year earlier. Second‑quarter 2026 net income was $5.03 million, or $0.79 per diluted share, compared with $2.29 million, or $0.36, in Q2 2025. Total assets were $1.83 billion at June 30, 2026.
Results included a $6.57 million gain on sale of an equity investment and a securities portfolio repositioning that realized a $6.55 million pre‑tax loss but is expected to lift annual interest income by $4.25 million and add 12 and 24 basis points to projected 2026 and 2027 net interest margins. The fully tax‑equivalent net interest margin for the first half rose to 2.99% from 2.48%. Asset quality remained strong, with nonperforming loans at 0.03% of total loans and an allowance for credit losses of 0.99% of loans. Deposits totaled $1.63 billion with no brokered deposits, tangible common equity to tangible assets was 9.90%, and a semiannual dividend of $0.75 per share was paid on June 1, 2026.
National Bankshares, Inc. completed a strategic reshaping of part of its securities available-for-sale portfolio. The company sold securities with an amortized cost of $131.87 million and a weighted average yield of 1.80%, then bought new securities with an amortized cost of $127.33 million yielding 5.16%.
This portfolio restructuring created a pre-tax loss of $6.55 million, which will be recorded in second-quarter 2026 results. Management notes that the gain from the previously completed sale of its membership interest in Bearing Insurance Group, LLC will offset the current-period earnings impact of this loss. The company expects the loss to be recovered over roughly 1.8 years through higher yields on the new securities.
National Bankshares, Inc. entered into a new consulting agreement with F. Brad Denardo, Chairman of the Board and former President and CEO of the company and its bank subsidiary. The agreement is effective from July 1, 2026 through June 30, 2027 and continues the prior arrangement between the parties.
During this consulting period, Mr. Denardo will provide advisory and consulting services to the company and The National Bank of Blacksburg for a $6,000 monthly consulting fee. He is subject to customary noncompetition covenants during the consulting period, and the term may be extended by mutual agreement.
Thompson James Carroll reported acquisition or exercise transactions in this Form 4 filing.
National Bankshares Inc director James Carroll Thompson received a grant of 221 shares of Common Stock as a time-based stock award. The award was granted at no cash cost per share and will vest on the one-year anniversary of the grant date. Following this compensation-related award, Thompson directly holds 9,831 shares of National Bankshares Inc common stock.
Sweet Alan Jeffrey reported acquisition or exercise transactions in this Form 4 filing.
NATIONAL BANKSHARES INC director Alan Jeffrey Sweet reported a grant of 221 shares of Common Stock as a time-based stock award. The award carries a price of $0.00 per share and will vest on the one-year anniversary of the grant. Following this grant, he directly holds 9,642 shares of Common Stock and has an additional 42 shares held indirectly by his spouse.
Smith Lutheria H. reported acquisition or exercise transactions in this Form 4 filing.
National Bankshares Inc. director Lutheria H. Smith received a grant of 221 shares of Common Stock as a time-based stock award. The shares were awarded at a price of $0.00 per share and are scheduled to vest on the one-year anniversary of the grant date. Following this award, Smith directly holds 2,201 shares of National Bankshares common stock. This transaction reflects equity-based compensation rather than an open-market purchase.
Reynolds Glenn P reported acquisition or exercise transactions in this Form 4 filing.
NATIONAL BANKSHARES INC director Glenn P. Reynolds reported a stock award and updated holdings. He received a grant of 221 shares of Common Stock at a price of $0.00 per share as a compensation-related award. According to the footnote, this time-based stock award will vest on the one-year anniversary of the grant date.
Following this award, Reynolds directly holds 7,165 shares of Common Stock. The filing also reports an indirect holding of 3,033 shares held by his spouse, reflecting family-related ownership in the company’s stock.
Johnson Mildred R reported acquisition or exercise transactions in this Form 4 filing.
National Bankshares Inc. director Mildred R. Johnson received a grant of 221 shares of Common Stock as a time-based stock award, with no cash paid per share. The award will vest on the one-year anniversary. After this grant, she directly holds 4,374 shares and indirectly holds 1,235 shares through her spouse.
National Bankshares Inc. director Norman V. Fitzwater III received a grant of 221 shares of Common Stock as a time-based stock award, at no cash cost per share. The award will vest on the one-year anniversary of the grant date. Following this compensation-related acquisition, he directly holds 9,859 shares of National Bankshares common stock.
National Bankshares Inc director Michael E. Dye received a grant of 221 shares of Common Stock as a time-based stock award. The award will vest on the one-year anniversary. Following this compensation-related acquisition, he directly owns 5,441 common shares.