XML 110 R34.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Allowance for Loan Losses (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Receivables [Abstract] |
Transactions in Allowance for Loan Losses | Transactions in the allowance for loan losses for the years ended December 31, 2013, 2012 and 2011 were as follows:
|  | (in thousands) |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Balance at beginning of year |  | $ | 13,075 |  |  | $ | 12,937 |  |  | $ | 16,036 |
Provision for (recovery of) loan losses |  |  | (425 | ) |  |  | 3,555 |  |  |  | 12,380 |
Loan recoveries |  |  | 2,486 |  |  |  | 376 |  |  |  | 310 |
Loan charge-offs |  |  | (4,492 | ) |  |  | (3,793 | ) |  |  | (15,789 | )
Balance at end of year |  | $ | 10,644 |  |  | $ | 13,075 |  |  | $ | 12,937 |
Allowance by Impairment Methodology and Loans by Impairment Methodology | The following tables present, as of December 31, 2013, 2012 and 2011, the total allowance for loan losses, the allowance by impairment methodology and loans by impairment methodology.
|  | December 31, 2013 (in thousands) |
|  | Construction and Land Development |  |  | Secured by 1-4 Family Residential |  |  | Other Real Estate |  |  | Commercial and Industrial |  |  | Consumer and Other Loans |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance, December 31, 2012 |  | $ | 2,481 |  |  | $ | 3,712 |  |  | $ | 6,163 |  |  | $ | 608 |  |  | $ | 111 |  |  | $ | 13,075 |
Charge-offs |  |  | (2,962 | ) |  |  | (260 | ) |  |  | (1,070 | ) |  |  | (37 | ) |  |  | (163 | ) |  |  | (4,492 | )
Recoveries |  |  | — |  |  |  | 823 |  |  |  | 1,304 |  |  |  | 179 |  |  |  | 180 |  |  |  | 2,486 |
Provision for (recovery of) loan losses |  |  | 3,191 |  |  |  | (1,300 | ) |  |  | (1,979 | ) |  |  | (308 | ) |  |  | (29 | ) |  |  | (425 | )
Ending Balance, December 31, 2013 |  | $ | 2,710 |  |  | $ | 2,975 |  |  | $ | 4,418 |  |  | $ | 442 |  |  | $ | 99 |  |  | $ | 10,644 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | 882 |  |  |  | 190 |  |  |  | 263 |  |  |  | 44 |  |  |  | — |  |  |  | 1,379 |
Collectively evaluated for impairment |  |  | 1,828 |  |  |  | 2,785 |  |  |  | 4,155 |  |  |  | 398 |  |  |  | 99 |  |  |  | 9,265 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  |  | 34,060 |  |  |  | 141,961 |  |  |  | 145,968 |  |  |  | 22,803 |  |  |  | 12,301 |  |  |  | 357,093 |
Individually evaluated for impairment |  |  | 6,862 |  |  |  | 3,431 |  |  |  | 11,143 |  |  |  | 258 |  |  |  | — |  |  |  | 21,694 |
Collectively evaluated for impairment |  |  | 27,198 |  |  |  | 138,530 |  |  |  | 134,825 |  |  |  | 22,545 |  |  |  | 12,301 |  |  |  | 335,399 |
|  | December 31, 2012 (in thousands) |
|  | Construction and Land Development |  |  | Secured by 1-4 Family Residential |  |  | Other Real Estate |  |  | Commercial and Industrial |  |  | Consumer and Other Loans |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance, December 31, 2011 |  | $ | 2,843 |  |  | $ | 3,766 |  |  | $ | 5,192 |  |  | $ | 963 |  |  | $ | 173 |  |  | $ | 12,937 |
Charge-offs |  |  | (431 | ) |  |  | (761 | ) |  |  | (2,154 | ) |  |  | (261 | ) |  |  | (186 | ) |  |  | (3,793 | )
Recoveries |  |  | 1 |  |  |  | 68 |  |  |  | 64 |  |  |  | 35 |  |  |  | 208 |  |  |  | 376 |
Provision for loan losses |  |  | 68 |  |  |  | 639 |  |  |  | 3,061 |  |  |  | (129 | ) |  |  | (84 | ) |  |  | 3,555 |
Ending Balance, December 31, 2012 |  | $ | 2,481 |  |  | $ | 3,712 |  |  | $ | 6,163 |  |  | $ | 608 |  |  | $ | 111 |  |  | $ | 13,075 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | 567 |  |  |  | 306 |  |  |  | 930 |  |  |  | 35 |  |  |  | — |  |  |  | 1,838 |
Collectively evaluated for impairment |  |  | 1,914 |  |  |  | 3,406 |  |  |  | 5,233 |  |  |  | 573 |  |  |  | 111 |  |  |  | 11,237 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  |  | 43,524 |  |  |  | 134,964 |  |  |  | 176,573 |  |  |  | 20,718 |  |  |  | 7,815 |  |  |  | 383,594 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | 2,516 |  |  |  | 3,776 |  |  |  | 10,528 |  |  |  | 160 |  |  |  | — |  |  |  | 16,980 |
Collectively evaluated for impairment |  |  | 41,008 |  |  |  | 131,188 |  |  |  | 163,692 |  |  |  | 20,558 |  |  |  | 7,815 |  |  |  | 366,614 |
|  | December 31, 2011 (in thousands) |
|  | Construction and Land Development |  |  | Secured by 1-4 Family Residential |  |  | Other Real Estate |  |  | Commercial and Industrial |  |  | Consumer and Other Loans |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance, December 31, 2010 |  | $ | 4,050 |  |  | $ | 1,681 |  |  | $ | 9,187 |  |  | $ | 858 |  |  | $ | 260 |  |  | $ | 16,036 |
Charge-offs |  |  | (2,983 | ) |  |  | (4,369 | ) |  |  | (7,551 | ) |  |  | (348 | ) |  |  | (268 | ) |  |  | (15,789 | )
Recoveries |  |  | 50 |  |  |  | 6 |  |  |  | — |  |  |  | 3 |  |  |  | 251 |  |  |  | 310 |
Provision for loan losses |  |  | 1,726 |  |  |  | 6,718 |  |  |  | 3,556 |  |  |  | 450 |  |  |  | (70 | ) |  |  | 12,380 |
Ending Balance, December 31, 2011 |  | $ | 2,843 |  |  | $ | 3,766 |  |  | $ | 5,192 |  |  | $ | 963 |  |  | $ | 173 |  |  | $ | 12,937 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | 930 |  |  |  | 848 |  |  |  | 351 |  |  |  | 309 |  |  |  | — |  |  |  | 2,438 |
Collectively evaluated for impairment |  |  | 1,913 |  |  |  | 2,918 |  |  |  | 4,841 |  |  |  | 654 |  |  |  | 173 |  |  |  | 10,499 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  |  | 48,363 |  |  |  | 122,339 |  |  |  | 181,141 |  |  |  | 29,446 |  |  |  | 11,151 |  |  |  | 392,440 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | 7,640 |  |  |  | 6,860 |  |  |  | 10,940 |  |  |  | 480 |  |  |  | — |  |  |  | 25,920 |
Collectively evaluated for impairment |  |  | 40,723 |  |  |  | 115,479 |  |  |  | 170,201 |  |  |  | 28,966 |  |  |  | 11,151 |  |  |  | 366,520 |
Impaired Loans and Related Allowance | Impaired loans and the related allowance at December 31, 2013, 2012 and 2011, were as follows:
|  | December 31, 2013 (in thousands) |
|  | Unpaid Principal Balance |  |  | Recorded Investment with No Allowance |  |  | Recorded Investment with Allowance |  |  | Total Recorded Investment |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 9,086 |  |  | $ | 4,259 |  |  | $ | 2,603 |  |  | $ | 6,862 |  |  | $ | 882 |  |  | $ | 5,397 |  |  | $ | 204 |
Secured by 1-4 family |  |  | 4,341 |  |  |  | 2,515 |  |  |  | 916 |  |  |  | 3,431 |  |  |  | 190 |  |  |  | 2,864 |  |  |  | 146 |
Other real estate loans |  |  | 12,385 |  |  |  | 9,455 |  |  |  | 1,688 |  |  |  | 11,143 |  |  |  | 263 |  |  |  | 7,079 |  |  |  | 441 |
Commercial and industrial |  |  | 260 |  |  |  | 114 |  |  |  | 144 |  |  |  | 258 |  |  |  | 44 |  |  |  | 669 |  |  |  | 14 |
Consumer and other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 26,072 |  |  | $ | 16,343 |  |  | $ | 5,351 |  |  | $ | 21,694 |  |  | $ | 1,379 |  |  | $ | 16,009 |  |  | $ | 805 |
|  | December 31, 2012 (in thousands) |
|  | Unpaid Principal Balance |  |  | Recorded Investment with No Allowance |  |  | Recorded Investment with Allowance |  |  | Total Recorded Investment |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 2,947 |  |  | $ | 622 |  |  | $ | 1,894 |  |  | $ | 2,516 |  |  | $ | 567 |  |  | $ | 5,691 |  |  | $ | 99 |
Secured by 1-4 family |  |  | 4,706 |  |  |  | 1,690 |  |  |  | 2,086 |  |  |  | 3,776 |  |  |  | 306 |  |  |  | 4,821 |  |  |  | 163 |
Other real estate loans |  |  | 14,861 |  |  |  | 4,886 |  |  |  | 5,642 |  |  |  | 10,528 |  |  |  | 930 |  |  |  | 10,148 |  |  |  | 276 |
Commercial and industrial |  |  | 161 |  |  |  | — |  |  |  | 160 |  |  |  | 160 |  |  |  | 35 |  |  |  | 330 |  |  |  | 10 |
Consumer and other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 22,675 |  |  | $ | 7,198 |  |  | $ | 9,782 |  |  | $ | 16,980 |  |  | $ | 1,838 |  |  | $ | 20,990 |  |  | $ | 548 |
|  | December 31, 2011 (in thousands) |
|  | Unpaid Principal Balance |  |  | Recorded Investment with No Allowance |  |  | Recorded Investment with Allowance |  |  | Total Recorded Investment |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 8,106 |  |  | $ | 3,531 |  |  | $ | 4,109 |  |  | $ | 7,640 |  |  | $ | 930 |  |  | $ | 7,077 |  |  | $ | 367 |
Secured by 1-4 family |  |  | 8,566 |  |  |  | 3,495 |  |  |  | 3,365 |  |  |  | 6,860 |  |  |  | 848 |  |  |  | 6,519 |  |  |  | 301 |
Other real estate loans |  |  | 15,165 |  |  |  | 8,135 |  |  |  | 2,805 |  |  |  | 10,940 |  |  |  | 351 |  |  |  | 23,918 |  |  |  | 396 |
Commercial and industrial |  |  | 480 |  |  |  | — |  |  |  | 480 |  |  |  | 480 |  |  |  | 309 |  |  |  | 660 |  |  |  | 27 |
Consumer and other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 32,317 |  |  | $ | 15,161 |  |  | $ | 10,758 |  |  | $ | 25,920 |  |  | $ | 2,438 |  |  | $ | 38,174 |  |  | $ | 1,091 |
Information Regarding Loans Modified under TDR | The following table provides further information regarding loans modified under TDRs during the year ended December 31, 2012 and 2011:
|  | For the year ended December 31, 2012 (dollars in thousands) |  |  | For the year ended December 31, 2011 (dollars in thousands) |
|  | Number of Contracts |  |  | Pre- modification outstanding recorded investment |  |  | Post- modification outstanding recorded investment |  |  | Number of Contracts |  |  | Pre- modification outstanding recorded investment |  |  | Post- modification outstanding recorded investment |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  | 1 |  |  | $ | 701 |  |  | $ | 357 |
Secured by 1-4 family |  |  | 1 |  |  |  | 183 |  |  |  | 183 |  |  |  | 4 |  |  |  | 2,667 |  |  |  | 2,667 |
Other real estate loans |  |  | 1 |  |  |  | 2,426 |  |  |  | 2,426 |  |  |  | 14 |  |  |  | 12,829 |  |  |  | 12,855 |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer and other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | 2 |  |  | $ | 2,609 |  |  | $ | 2,609 |  |  |  | 19 |  |  | $ | 16,197 |  |  | $ | 15,879 |
Troubled Debt Restructurings that Subsequently Defaulted | The table below shows troubled debt restructurings that subsequently defaulted as of December 31, 2011:
|  | December 31, 2011 (dollars in thousands) |
|  | Number of Contracts |  |  | Recorded investment |
Real estate loans: |  |  |  |  |  |  |  |
Construction and land development |  |  | 1 |  |  | $ | 235 |
Secured by 1-4 family |  |  | — |  |  |  | — |
Other real estate loans |  |  | 3 |  |  |  | 361 |
Commercial and industrial |  |  | — |  |  |  | — |
Consumer and other loans |  |  | — |  |  |  | — |
Total |  |  | 4 |  |  | $ | 596 |

X
- Definition Allowance for credit losses on financing receivables classification. + References No definition available. + Details
Name: | fxnc_AllowanceForCreditLossesOnFinancingReceivablesClassificationTableTextBlock
Namespace Prefix: | fxnc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Impaired loans and the related allowance. + References No definition available. + Details
Name: | fxnc_ImpairedLoansAndRelatedAllowanceTableTextBlock
Namespace Prefix: | fxnc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Troubled debt restructurings that subsequently defaulted. + References No definition available. + Details
Name: | fxnc_TroubledDebtRestructuringsThatSubsequentlyDefaultedTableTextBlock
Namespace Prefix: | fxnc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables and troubled debt restructurings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953682-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953676-111524 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration