{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-020828","form_type":"8-K","ticker":"FXNC","cik":"0000719402","company_name":"FIRST NATIONAL CORP /VA/","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.491391+00:00","generated_at":"2026-06-13T01:22:17.228860+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"First National Q2 net income $3.5M ($0.56 EPS), down from $3.8M in Q1 and year ago","bullets":["Net income $3.5M, diluted EPS $0.56; prior Q1 $3.8M ($0.61) and Q2 2022 $3.8M ($0.61).","Net interest margin fell 24 bps to 3.36%; cost of funds rose to 1.13% from 0.77% linked quarter.","Nonperforming assets improved to 0.05% of total assets from 0.13% in prior quarter.","Loans grew $12.2M (5% annualized); deposits flat at $1.2B; noninterest-bearing deposits 32%.","Dividend maintained at $0.15/share; repurchased 32,301 shares for $481k in Q2."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-020828","json":"https://secwatch.observer/filing/0001437749-23-020828.json","markdown":"https://secwatch.observer/filing/0001437749-23-020828.md","text":"https://secwatch.observer/filing/0001437749-23-020828.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719402/000143774923020828/0001437749-23-020828-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719402/000143774923020828/fxnc20230523_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T01:22:17.228860+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":"e912e718cc39ad4f9a4f1cc6ec32e4bbb2bf146e","claim":"FIRST NATIONAL CORP /VA/ reported the three months ended June 30, 2023 results: net income $3.5 million, EPS $0.56.","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 $3.5 million and diluted earnings per common share of $0.56 for the three months ended June 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719402/000143774923020828/0001437749-23-020828-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Net income","value":"$3.5 million"},{"label":"EPS","value":"$0.56"},{"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"}