National Bankshares, Inc. filings document the regulatory record of a Virginia bank holding company and its subsidiaries, The National Bank of Blacksburg and National Bankshares Financial Services, Inc. The records describe the community-bank business, Nasdaq-listed common stock, branch and loan-production office footprint, lending activities and investment and insurance operations in Virginia.
The filing record includes 8-K reports on financial results, investor presentations, subsidiary transactions, officer changes and bylaw amendments, along with definitive proxy materials covering board elections, director structure, executive compensation, equity awards and shareholder voting. Disclosures also address profitability, liquidity, allowance for credit losses, interest-rate sensitivity, market risk, capital structure, governance and other banking risk factors.
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.
Dooley John Elliott reported acquisition or exercise transactions in this Form 4 filing.
NATIONAL BANKSHARES INC director John Elliott Dooley received 221 shares of common stock as a time-based stock award on June 10, 2026. The award was granted at no cash price and will vest on the one-year anniversary. After this grant, he directly holds 14,426 shares.
DENARDO F BRAD reported acquisition or exercise transactions in this Form 4 filing.
NATIONAL BANKSHARES INC director F. Brad Denardo reported a stock award and updated holdings. He received a grant of 221 shares of Common Stock as a time-based stock award, at no cash cost, which will vest on the one-year anniversary of the grant date.
Following this grant, he holds 18,657 Common Stock shares directly and 20,045 shares indirectly through an ESOP. This filing reflects a compensation-related award rather than an open-market purchase or sale.
BALL LAWRENCE J reported acquisition or exercise transactions in this Form 4 filing.
National Bankshares Inc. director Lawrence J. Ball 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 compensation-related award, Ball directly holds 23,609 shares of National Bankshares Common Stock, making this a relatively small, routine addition to his existing ownership rather than an open-market purchase or sale.
National Bankshares, Inc. furnished an investor presentation outlining strong first-quarter 2026 performance and strategic progress. For the quarter ended 3/31/2026, the company reported GAAP net income of $4.98 million, or $0.78 per common share, and core net income of $4.80 million, or $0.75 per share. Net income has grown more than 50% compared to Q1 2025, supported by improving net interest margin from lower deposit costs and higher securities yields.
The presentation shows a balance sheet with $1.8 billion in assets, $1.0 billion in gross loans, $1.6 billion in deposits and $187 million in shareholders’ equity, with a 9.65% TCE/TA ratio. Core return on average assets was 1.07% and core return on average tangible common equity was 11.21%, alongside a core efficiency ratio of 59.96%. Management highlights diversified fee income, conservative credit quality, robust capital ratios well above “well capitalized” thresholds, and expansion in growth markets following the 2024 Frontier Community Bank acquisition.
National Bankshares, Inc. announced that its board approved a semi-annual cash dividend of $0.75 per share, payable on June 1, 2026 to stockholders of record on May 26, 2026. The board also renewed a stock repurchase authorization allowing management to buy back up to 250,000 shares of common stock in the open market from June 1, 2026 through May 31, 2027. The company noted its recent solid earnings growth and its focus on sustainable long-term growth as it celebrates its 135th anniversary.
National Bankshares, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on May 12, 2026. A total of 6,368,410 common shares were entitled to vote as of March 11, 2026, and 4,874,870 shares, or 76.55%, were represented, establishing a quorum.
Stockholders elected three Class 3 directors—Mildred R. Johnson, Lutheria H. Smith, and James C. Thompson—to three-year terms expiring at the 2029 Annual Meeting. The advisory (non-binding) vote on executive compensation was approved with 3,233,731 votes for, 367,708 against, and 32,992 abstentions.
Stockholders also ratified the appointment of Yount, Hyde & Barbour, P.C. as independent registered public accounting firm for the year ending December 31, 2026, with 4,850,064 votes for, 9,857 against, and 14,949 abstentions.