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Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2013
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Balance Sheets |
|  | 2013 |  |  | 2012 |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 5,395 |  |  | $ | 6,406 |
Investment in subsidiaries, at cost, plus undistributed net income |  |  | 56,982 |  |  |  | 47,272 |
Other assets |  |  | 470 |  |  |  | 496 |
Total assets |  | $ | 62,847 |  |  | $ | 54,174 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |  |
Trust preferred capital notes |  | $ | 9,279 |  |  | $ | 9,279 |
Other liabilities |  |  | 8 |  |  |  | 6 |
Total liabilities |  | $ | 9,287 |  |  | $ | 9,285 |
Preferred stock |  | $ | 14,564 |  |  | $ | 14,409 |
Common stock |  |  | 6,127 |  |  |  | 6,127 |
Surplus |  |  | 6,813 |  |  |  | 6,813 |
Retained earnings |  |  | 27,360 |  |  |  | 18,399 |
Accumulated other comprehensive loss, net |  |  | (1,304 | ) |  |  | (859 | )
Total shareholders’ equity |  | $ | 53,560 |  |  | $ | 44,889 |
Total liabilities and shareholders’ equity |  | $ | 62,847 |  |  | $ | 54,174 |
Statements of Operations | FIRST NATIONAL CORPORATION (Parent Company Only) Statements of Operations Three Years Ended December 31, 2013 (in thousands)
|  | 2013 |  |  | 2012 |  |  | 2011 |
Income |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiary |  | $ | — |  |  | $ | 500 |  |  | $ | 1,600 |
Gain on sale of securities available for sale |  |  | — |  |  |  | 139 |  |  |  | — |
Other income |  |  | 51 |  |  |  | 41 |  |  |  | — |
|  | $ | 51 |  |  | $ | 680 |  |  | $ | 1,600 |
Expense |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | $ | 222 |  |  | $ | 237 |  |  | $ | 386 |
Stationery and supplies |  |  | 17 |  |  |  | 1 |  |  |  | 14 |
Legal and professional fees |  |  | 40 |  |  |  | — |  |  |  | — |
Data processing |  |  | 53 |  |  |  | — |  |  |  | 31 |
Management fee-subsidiary |  |  | 95 |  |  |  | — |  |  |  | — |
Other expense |  |  | 51 |  |  |  | 6 |  |  |  | 47 |
Total expense |  | $ | 478 |  |  | $ | 244 |  |  | $ | 478 |
Income (loss) before allocated tax benefits and undistributed income (loss) of subsidiary |  | $ | (427 | ) |  | $ | 436 |  |  | $ | 1,122 |
Allocated income tax benefit |  |  | 145 |  |  |  | 22 |  |  |  | 162 |
Income (loss) before equity in undistributed income (loss) of subsidiary |  | $ | (282 | ) |  | $ | 458 |  |  | $ | 1,284 |
Equity in undistributed income (loss) of subsidiary |  |  | 10,156 |  |  |  | 2,342 |  |  |  | (12,245 | )
Net income (loss) |  | $ | 9,874 |  |  | $ | 2,800 |  |  | $ | (10,961 | )
Effective dividend and accretion on preferred stock |  |  | 913 |  |  |  | 904 |  |  |  | 894 |
Net income (loss) available to common shareholders |  | $ | 8,961 |  |  | $ | 1,896 |  |  | $ | (11,855 | )
Statements of Cash Flows | FIRST NATIONAL CORPORATION (Parent Company Only) Statements of Cash Flows Three Years Ended December 31, 2013 (in thousands)
|  | 2013 |  |  | 2012 |  |  | 2011 |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 9,874 |  |  | $ | 2,800 |  |  | $ | (10,961 | )
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed (income) loss of subsidiary |  |  | (10,156 | ) |  |  | (2,342 | ) |  |  | 12,245 |
Gain on sale of securities available for sale |  |  | — |  |  |  | (139 | ) |  |  | — |
(Increase) decrease in other assets |  |  | 29 |  |  |  | (42 | ) |  |  | 45 |
Increase (decrease) in other liabilities |  |  | — |  |  |  | (2 | ) |  |  | 2 |
Net cash provided by (used in) operating activities |  | $ | (253 | ) |  | $ | 275 |  |  | $ | 1,331 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of securities available for sale |  | $ | — |  |  | $ | 164 |  |  | $ | — |
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Distribution of capital to subsidiary |  | $ | — |  |  |  | (1,000 | ) |  |  | — |
Cash dividends paid on common stock |  |  | — |  |  |  | — |  |  |  | (540 | )
Cash dividends paid on preferred stock |  |  | (758 | ) |  |  | (758 | ) |  |  | (758 | )
Net proceeds from issuance of common stock |  |  | — |  |  |  | 7,601 |  |  |  | — |
Net cash provided by (used in) financing activities |  | $ | (758 | ) |  | $ | 5,843 |  |  | $ | (1,298 | )
Increase (decrease) in cash and cash equivalents |  | $ | (1,011 | ) |  | $ | 6,282 |  |  | $ | 33 |
Cash and Cash Equivalents |  |  |  |  |  |  |  |  |  |  |  |
Beginning |  |  | 6,406 |  |  |  | 124 |  |  |  | 91 |
Ending |  | $ | 5,395 |  |  | $ | 6,406 |  |  | $ | 124 |

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