{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-002926","form_type":"8-K","ticker":"FXNC","cik":"0000719402","company_name":"FIRST NATIONAL CORP /VA/","filed_at":"2024-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.744690+00:00","generated_at":"2026-06-06T10:19:45.035895+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First National reports Q4 net loss of $851K on $6M credit provision; health-care loan problems","bullets":["Q4 2023 net loss of $0.14 per share vs net income $0.50 per share in linked Q3 2023.","FY 2023 net income $9.6M ($1.53 EPS) down 43% from $16.8M ($2.68 EPS) in FY 2022.","Recorded $6.0M provision for credit losses in Q4, primarily from health-care professional loans via third-party lender.","Net charge-offs of $2.7M in Q4; allowance for credit losses rose to 1.24% of loans from 0.93% in linked quarter.","Loans grew $48.9M (5%) for FY 2023; noninterest-bearing deposits remained 31% of total deposits."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-002926","json":"https://secwatch.observer/filing/0001437749-24-002926.json","markdown":"https://secwatch.observer/filing/0001437749-24-002926.md","text":"https://secwatch.observer/filing/0001437749-24-002926.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719402/000143774924002926/0001437749-24-002926-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719402/000143774924002926/fxnc20240122_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T10:19:45.035895+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":"1a8b3733f7eb33e24022f86d8bde56a1e4da894f","claim":"FIRST NATIONAL CORP /VA/ reported the year ended December 31, 2023 results: net income $9.6 million, EPS $1.53.","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 $9.6 million and diluted earnings per common share of $1.53 for the year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719402/000143774924002926/0001437749-24-002926-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Net income","value":"$9.6 million"},{"label":"EPS","value":"$1.53"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5b950d4e73f749710a26be88c95afc9a1220552a","claim":"FIRST NATIONAL CORP /VA/ reported the fourth quarter ended December 31, 2023 results: net income net loss of $851 thousand, EPS $0.14.","evidence_excerpt":"For the fourth quarter ended December 31, 2023, the Company reported unaudited consolidated net loss of $851 thousand and diluted loss per common share of $0.14.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719402/000143774924002926/0001437749-24-002926-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Net income","value":"net loss of $851 thousand"},{"label":"EPS","value":"$0.14"},{"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"}