{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-012015","form_type":"8-K","ticker":"FXNC","cik":"0000719402","company_name":"FIRST NATIONAL CORP /VA/","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.049027+00:00","generated_at":"2026-06-16T04:08:32.896114+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"First National Q1 net income $3.8M ($0.61 EPS); NIM 3.60%, dividend raised to $0.15","bullets":["Net income of $3.8M ($0.61 diluted EPS) vs $4.8M ($0.76) in Q4 2022 and $3.7M ($0.60) in Q1 2022.","Net interest margin 3.60%, down 10 bps linked quarter; cost of funds rose 23 bps to 0.77%.","Deposits stable at $1.2B; uninsured deposits estimated at $212.3M; liquidity $562.4M.","Tangible book value $17.30; quarterly dividend increased 7% to $0.15 per share.","Adopted CECL on Jan 1, adding $2.2M to loan loss allowance; NPAs improved to 0.13% of assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-012015","json":"https://secwatch.observer/filing/0001437749-23-012015.json","markdown":"https://secwatch.observer/filing/0001437749-23-012015.md","text":"https://secwatch.observer/filing/0001437749-23-012015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719402/000143774923012015/0001437749-23-012015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719402/000143774923012015/fxnc20230421_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T04:08:32.896114+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c372074f7c6450ed458d8500e4007e5190bc93ab","claim":"FIRST NATIONAL CORP /VA/ reported first quarter 2023 results: net income $3.8 million, EPS $0.61.","evidence_excerpt":"First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $3.8 million and diluted earnings per common share of $0.61 for the three months ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719402/000143774923012015/0001437749-23-012015-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Net income","value":"$3.8 million"},{"label":"EPS","value":"$0.61"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}