---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-024736"
form_type: "8-K"
ticker: "FXNC"
cik: "0000719402"
company_name: "FIRST NATIONAL CORP /VA/"
filed_at: "2022-10-26T23:59:59+00:00"
generated_at: "2026-06-23T00:59:53.790715+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First National Q3 net income $4.5M ($0.71 EPS), up 16% from Q2; announces $5M buyback

## Summary
- Net income $4.5M ($0.71 EPS) vs Q2 $3.8M ($0.61 EPS); net interest margin improved to 3.58%.
- Loans grew 12% annualized to $906.5M; NPAs remained low at 0.15% of assets.
- Board authorized up to $5M stock repurchase through Dec 31, 2023.
- Transferred $82.2M in securities from AFS to HTM to mitigate rate impact.
- Subsequent event: Bank subsidiary sold broker-dealer interest for $3.0M, gain of $2.9M in Q4.

## SEC filing metadata
- accession: 0001437749-22-024736
- form_type: 8-K
- ticker: FXNC
- cik: 0000719402
- company_name: FIRST NATIONAL CORP /VA/
- filed_at: 2022-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719402/000143774922024736/0001437749-22-024736-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719402/000143774922024736/fxnc20220831_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-024736
- JSON: https://secwatch.observer/filing/0001437749-22-024736.json
- Plain text: https://secwatch.observer/filing/0001437749-22-024736.txt

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