30.73
+1.02%
Close of 9 Nov 2026, in USD
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About First National
From its filings with the US Securities and Exchange Commission
First National is based in Strasburg, Virginia and is incorporated in Virginia. Its shares trade on Nasdaq under the ticker FXNC. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported revenue of $14.3m and net income of $17.7m. At that date it held total assets of $2.04bn and shareholders' equity of $186.2m.
First Bank Financial Services, Inc. owns an interest in an entity that provides title insurance services. Shen-Valley Land Holdings, LLC was formed to hold other real estate owned and future office sites. McKenney Group, LLC owns an interest in a now inactive entity that previously provided insurance services. The Trusts were formed for the purpose of issuing redeemable capital securities, commonly known as trust preferred securities and are not included in the Company’s consolidated financial statements in accordance with authoritative accounting guidance because management has determined that the Trusts qualify as variable interest entities.
The Bank first opened for business on July 1, 1907, under the name The Peoples National Bank of Strasburg. On January 10, 1928, the Bank changed its name to The First National Bank of Strasburg. On April 12, 1994, the Bank received approval from the Federal Reserve Bank of Richmond and the Virginia State Corporation Commission’s Bureau of Financial Institutions to convert to a state chartered bank with membership in the Federal Reserve System. On June 1, 1994, the Bank consummated such conversion and changed its name to First Bank.
Quoted from its 10-K, filed 25 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 1 May 1996
- Employees
- 308
- Head office
- 112 WEST KING STREET, STRASBURG, VA, 22657
- Incorporated in
- VA
- Classification
- State Commercial Banks
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mrs. Elizabeth CottrellNon-Executive Independent Chairman of the Board of the Company and the Bank$64,801
- Mr. Scott HarvardPresident, Chief Executive Officer, Director of the Company and Bank, since 2011$1.3m
- Mr. Brad SchwartzChief Financial Officer, Executive Vice President
- Mr. Dennis DysartSenior Executive Vice President, Chief Operating Officer$781,511
- Mr. Jason AikensIndependent Director$54,098
- Mrs. Emily BeckIndependent Director$54,098
- Mr. Boyce BrannockIndependent Director$54,098
- Mr. W. Michael FunkIndependent Director$54,098
- Mr. George HoltIndependent Director$54,098
- Ms. Toni Lee-AndrewsIndependent Director$16,102
- Mr. Kirtesh PatelIndependent Director$54,098
- Mr. Gerald SmithIndependent Director$55,382
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- First National Corp possesses several key strengths that contribute to its competitive advantage in the market. These strengths include:
Weaknesses
- Despite its strengths, First National Corp also faces certain weaknesses that may hinder its growth and sustainability:
Opportunities
- First National Corp can capitalize on various opportunities within the market to further enhance its growth and competitiveness:
Threats
- First National Corp faces certain external threats that may pose challenges to its growth and profitability:
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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