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First National Corporation FXNC
$ 30.98 0.29%
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Quarterly report 2026-Q2
added 08-13-2026

First National Corporation Balance Sheet 2025-2008 | FXNC

Brief overview of First National Corporation's assets and capital

Balance sheet changes are traced across five available annual reports between 2021 and 2025.

The asset base grew from $1.4 billion to $2 billion, or +46.7%. Average annual growth of roughly 10.1% was strong.

Liabilities followed the scale of the balance sheet: +45.5% versus +46.7% for assets. Leverage did not change materially.

Banks and insurers cannot be assessed like industrial businesses on liabilities alone. Here, equity represents 9.1% of assets, previously 8.4%.

Retained earnings are $108.9 million versus $77 million initially. The direction shows how results contributed to equity.

Overall picture

Taken together, the figures indicate acceptable resilience for First National Corporation. The next assessment depends on debt and equity trends.

Annual Balance Sheet First National Corporation

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Net Debt

- - - - - -108 M 89.5 M 85.5 M 63.5 M 67.9 M 80.4 M 67.8 M 87.1 M 73.8 M -10.4 M - - -

Long Term Debt

- - - - - 19.3 M 14.3 M 14.2 M 14.2 M 14.2 M 14.2 M 9.3 M 15.3 M 15.4 M 19.1 M - - -

Total Non Current Liabilities

- - - - - - 14.3 M 14.2 M 14.2 M 14.2 M 14.2 M 9.3 M 15.3 M 15.4 M 28.4 M - - -

Total Liabilities

1.85 B 1.84 B 1.3 B 1.26 B 1.27 B 866 M 723 M 686 M 681 M 664 M 646 M 459 M 469 M 488 M 502 M 496 M - -

Retained Earnings

109 M 96.9 M 94.2 M 90.3 M 77 M 69.3 M 62.6 M 54.8 M 45.7 M 39.8 M 34.4 M 33.6 M 27.4 M 18.4 M 16.5 M 29 M - -

Total Assets

2.04 B 2.01 B 1.42 B 1.37 B 1.39 B 951 M 800 M 753 M 739 M 716 M 692 M 518 M 523 M 533 M 539 M 545 M - -

Cash and Cash Equivalents

161 M 163 M 87.2 M - - - 45.8 M 28.6 M 40 M 41.1 M 39.3 M 24.8 M 31.5 M 31 M 29.5 M 16 M 15 M 10.5 M

Book Value

186 M 167 M 116 M 108 M 117 M 84.9 M 77.2 M 66.7 M 58.2 M 52.2 M 46 M 59.6 M 53.6 M 44.9 M 37.1 M 48.5 M - -

Total Shareholders Equity

186 M 167 M 116 M 108 M 117 M 84.9 M 77.2 M 66.7 M 58.2 M 52.2 M 46 M 59.6 M 53.6 M 44.9 M 37.1 M 48.5 M 54.8 M 39.2 M

All numbers in USD currency

Quarterly Balance Sheet First National Corporation

2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6.05 M - - - 6.08 M - - - - - - -

Total Liabilities

1.85 B 1.89 B 1.84 B 1.85 B 1.87 B 1.86 B 1.84 B 1.33 B 1.34 B 1.33 B 1.3 B 1.25 B 1.26 B 1.26 B 1.26 B 1.28 B 1.31 B 1.31 B 1.27 B 1.24 B 936 M 942 M 866 M 866 M 866 M 866 M 723 M 723 M 723 M 723 M 686 M 686 M 686 M 686 M 681 M 681 M 681 M 681 M 664 M 664 M 664 M 664 M 646 M 646 M 646 M 646 M 459 M 459 M 459 M 459 M 469 M 469 M 469 M 469 M 488 M 488 M 488 M 488 M 502 M 502 M 502 M 502 M

Retained Earnings

109 M 112 M 96.9 M 105 M 101 M 97.2 M 96.9 M 99.3 M 98 M 96.5 M 94.2 M 96 M 93.8 M 91.2 M 90.3 M 86.4 M 82.8 M 79.8 M 77 M 75.6 M 73.9 M 71.1 M 69.3 M 69.3 M 69.3 M 69.3 M 62.6 M 62.6 M 62.6 M 62.6 M 54.8 M 54.8 M 54.8 M 54.8 M 45.7 M 45.7 M 45.7 M 45.7 M 39.8 M 39.8 M 39.8 M 39.8 M 34.4 M 34.4 M 34.4 M 34.4 M 33.6 M 33.6 M 33.6 M 33.6 M 27.4 M 27.4 M 27.4 M 27.4 M 18.4 M 18.4 M 18.4 M 18.4 M 16.5 M 16.5 M 16.5 M 16.5 M

Total Assets

2.04 B 2.08 B 2.01 B 2.03 B 2.04 B 2.03 B 2.01 B 1.45 B 1.46 B 1.45 B 1.42 B 1.37 B 1.37 B 1.37 B 1.37 B 1.38 B 1.41 B 1.42 B 1.39 B 1.36 B 1.02 B 1.03 B 951 M 951 M 951 M 951 M 800 M 800 M 800 M 800 M 753 M 753 M 753 M 753 M 739 M 739 M 739 M 739 M 716 M 716 M 716 M 716 M 692 M 692 M 692 M 692 M 518 M 518 M 518 M 518 M 523 M 523 M 523 M 523 M 533 M 533 M 533 M 533 M 539 M 539 M 539 M 539 M

Cash and Cash Equivalents

161 M 188 M 163 M 189 M 194 M 206 M 163 M 127 M 136 M - 87.2 M - - - - - - - - - - - - - - 48.1 M 45.8 M 30.4 M 23.1 M 42.7 M 28.6 M 21.4 M 41.3 M 69.3 M 40 M 40 M 40 M 40 M 41.1 M 41.1 M 41.1 M 41.1 M 39.3 M 39.3 M 39.3 M 39.3 M 24.8 M 24.8 M 24.8 M 24.8 M 31.5 M 31.5 M 31.5 M 31.5 M 31 M 31 M 31 M 31 M 29.5 M 29.5 M 29.5 M 29.5 M

Book Value

186 M 189 M 167 M 181 M 174 M 169 M 167 M 125 M 120 M 118 M 116 M 112 M 113 M 112 M 108 M 99.1 M 100 M 107 M 117 M 117 M 88.7 M 85.9 M 84.9 M 84.9 M 84.9 M 84.9 M 77.2 M 77.2 M 77.2 M 77.2 M 66.7 M 66.7 M 66.7 M 66.7 M 58.2 M 58.2 M 58.2 M 58.2 M 52.2 M 52.2 M 52.2 M 52.2 M 46 M 46 M 46 M 46 M 59.6 M 59.6 M 59.6 M 59.6 M 53.6 M 53.6 M 53.6 M 53.6 M 44.9 M 44.9 M 44.9 M 44.9 M 37.1 M 37.1 M 37.1 M 37.1 M

Total Shareholders Equity

167 M 189 M 116 M 181 M 174 M 169 M 167 M 125 M 120 M 118 M 116 M 112 M 113 M 112 M 108 M 99.1 M 100 M 107 M 117 M 117 M 88.7 M 85.9 M 84.9 M 84.9 M 84.9 M 84.9 M 77.2 M 77.2 M 77.2 M 77.2 M 66.7 M 66.7 M 66.7 M 66.7 M 58.2 M 58.2 M 58.2 M 58.2 M 52.2 M 52.2 M 52.2 M 52.2 M 46 M 46 M 46 M 46 M 59.6 M 59.6 M 59.6 M 59.6 M 53.6 M 53.6 M 53.6 M 53.6 M 44.9 M 44.9 M 44.9 M 44.9 M 37.1 M 37.1 M 37.1 M 37.1 M

All numbers in USD currency

Balance Sheet is a fundamental financial report of First National Corporation, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Banks regional

Issuer Price % 24h Market Cap Country
Commerce Bancshares Commerce Bancshares
CBSH
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City Holding Company City Holding Company
CHCO
$ 144.95 0.66 % $ 2.1 B usaUSA
Signature Bank Signature Bank
SBNY
- - $ 4.41 B usaUSA
Pinnacle Financial Partners Pinnacle Financial Partners
PNFP
- - $ 7.3 B usaUSA
IF Bancorp IF Bancorp
IROQ
- - $ 83.7 M usaUSA
First Midwest Bancorp, Inc. First Midwest Bancorp, Inc.
FMBI
- -1.2 % $ 2.26 B usaUSA
Dime Community Bancshares Dime Community Bancshares
DCOMP
- - $ 796 M usaUSA
First Capital First Capital
FCAP
$ 64.37 1.58 % $ 215 M usaUSA
Provident Bancorp Provident Bancorp
PVBC
- - $ 226 M usaUSA
Bank of Marin Bancorp Bank of Marin Bancorp
BMRC
$ 27.34 1.11 % $ 436 M usaUSA
Greene County Bancorp Greene County Bancorp
GCBC
$ 35.07 0.95 % $ 597 M usaUSA
BankUnited BankUnited
BKU
$ 45.9 1.01 % $ 3.39 B usaUSA
Banco Santander (Brasil) S.A. Banco Santander (Brasil) S.A.
BSBR
$ 6.02 2.03 % $ 115 B brasilBrasil
Great Southern Bancorp Great Southern Bancorp
GSBC
$ 79.88 0.49 % $ 910 M usaUSA
Cadence Bancorporation Cadence Bancorporation
CADE
- - $ 5.43 B usaUSA
Huntington Bancshares Incorporated Huntington Bancshares Incorporated
HBAN
$ 17.06 1.07 % $ 25.2 B usaUSA
Community Bank System Community Bank System
CBU
$ 63.49 0.79 % $ 3.35 B usaUSA
Home Federal Bancorp of Louisiana Home Federal Bancorp of Louisiana
HFBL
$ 25.03 3.0 % $ 76.4 M usaUSA
Hope Bancorp Hope Bancorp
HOPE
$ 14.0 0.29 % $ 1.77 B usaUSA
Popular Popular
BPOP
$ 171.33 0.45 % $ 11.6 B usaUSA
CB Financial Services CB Financial Services
CBFV
$ 37.58 0.83 % $ 189 M usaUSA
Auburn National Bancorporation Auburn National Bancorporation
AUBN
$ 26.55 0.19 % $ 92.8 M usaUSA
Hilltop Holdings Hilltop Holdings
HTH
$ 38.9 0.96 % $ 2.44 B usaUSA
Independent Bank Corporation Independent Bank Corporation
IBCP
$ 37.01 0.71 % $ 768 M usaUSA
First Internet Bancorp First Internet Bancorp
INBK
$ 28.61 0.53 % $ 250 M usaUSA
Atlantic Capital Bancshares Atlantic Capital Bancshares
ACBI
- -1.48 % $ 566 M usaUSA
Banco Santander-Chile Banco Santander-Chile
BSAC
$ 35.86 0.38 % $ 6.76 T chileChile
Bank7 Corp. Bank7 Corp.
BSVN
$ 52.45 0.4 % $ 495 M usaUSA
Bankwell Financial Group Bankwell Financial Group
BWFG
$ 66.15 0.41 % $ 513 M usaUSA
Carter Bankshares Carter Bankshares
CARE
$ 31.77 0.51 % $ 713 M usaUSA
Spirit of Texas Bancshares, Inc. Spirit of Texas Bancshares, Inc.
STXB
- -0.23 % $ 446 M usaUSA
Berkshire Hills Bancorp Berkshire Hills Bancorp
BHLB
- -0.65 % $ 1.11 B usaUSA
BankFinancial Corporation BankFinancial Corporation
BFIN
- - $ 151 M usaUSA
People's United Financial, Inc. People's United Financial, Inc.
PBCT
- - $ 8.34 B usaUSA
CBTX CBTX
CBTX
- 1.49 % $ 1.51 B usaUSA
Citizens Financial Group Citizens Financial Group
CFG
$ 70.83 1.5 % $ 30.7 B usaUSA
American River Bankshares American River Bankshares
AMRB
- 2.00 % $ 125 M usaUSA
Bank of Commerce Holdings Bank of Commerce Holdings
BOCH
- -1.56 % $ 254 M usaUSA
Bancolombia S.A. Bancolombia S.A.
CIB
$ 101.87 3.49 % $ 25.5 B colombiaColombia
CIT Group Inc. CIT Group Inc.
CIT
- -1.4 % $ 4.74 B usaUSA
Columbia Financial Columbia Financial
CLBK
$ 11.7 0.43 % $ 1.19 B usaUSA
Mercantile Bank Corporation Mercantile Bank Corporation
MBWM
$ 61.73 1.2 % $ 1 B usaUSA
Comerica Incorporated Comerica Incorporated
CMA
- - $ 11.8 B usaUSA
American National Bankshares American National Bankshares
AMNB
- - $ 508 M usaUSA
MainStreet Bancshares MainStreet Bancshares
MNSB
$ 25.21 0.99 % $ 193 M usaUSA
Columbia Banking System Columbia Banking System
COLB
$ 30.45 1.23 % $ 7.25 B usaUSA
BancorpSouth Bank BancorpSouth Bank
BXS
- -1.07 % $ 3.12 B usaUSA
1895 Bancorp of Wisconsin 1895 Bancorp of Wisconsin
BCOW
- -6.47 % $ 52 M usaUSA
Bryn Mawr Bank Corporation Bryn Mawr Bank Corporation
BMTC
- -1.52 % $ 888 M usaUSA