---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-010206"
form_type: "8-K"
ticker: "FXNC"
cik: "0000719402"
company_name: "FIRST NATIONAL CORP /VA/"
filed_at: "2022-04-29T23:59:59+00:00"
generated_at: "2026-06-26T02:53:06.763833+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First National Q1 net income $3.7M, EPS $0.60, up from $2.4M YoY

## Summary
- Net income $3.7M, diluted EPS $0.60, vs $2.4M ($0.50) in Q1 2021; prior year included $0.07/share merger expenses.
- Net interest income $10.5M, up 40% YoY; net interest margin 3.19% down 8 bps.
- Loans excluding PPP up $21.3M or 11% annualized since Dec 31, 2021; total loans up 31% YoY.
- Noninterest income $2.7M, up 27%; wealth management fees +25%, service charges +38%.
- Nonperforming assets improved to 0.27% of assets from 0.66% a year ago; no provision for loan losses.

## SEC filing metadata
- accession: 0001437749-22-010206
- form_type: 8-K
- ticker: FXNC
- cik: 0000719402
- company_name: FIRST NATIONAL CORP /VA/
- filed_at: 2022-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719402/000143774922010206/0001437749-22-010206-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719402/000143774922010206/fxnc20220411_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-010206
- JSON: https://secwatch.observer/filing/0001437749-22-010206.json
- Plain text: https://secwatch.observer/filing/0001437749-22-010206.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.