XML 41 R42.htm IDEA: XBRL DOCUMENT v2.4.1.9

Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Plan Benefit Obligation and Fair Value of Assets

The following tables provide a reconciliation of the changes in the plan benefit obligation and the fair value of assets for the periods ended December 31, 2014, 2013 and 2012 (in thousands).

		2014				2013				2012
Change in Benefit Obligation
Benefit obligation, beginning of year		$	5,501			$	7,244			$	5,995
Service cost			347				470				427
Interest cost			269				279				269
Actuarial (gain) loss			1,769				(1,327	)			725
Benefits paid			(157	)			(961	)			(172	)
Gain due to settlement			—				(204	)			—
Benefit obligation, end of year		$	7,729			$	5,501			$	7,244
Changes in Plan Assets
Fair value of plan assets, beginning of year		$	4,329			$	4,046			$	3,454
Actual return on plan assets			196				744				458
Employer contributions			—				500				306
Benefits paid			(157	)			(961	)			(172	)
Fair value of assets, end of year		$	4,368			$	4,329			$	4,046
Funded Status, end of year		$	(3,361	)		$	(1,172	)		$	(3,198	)
Amount Recognized in Other Liabilities		$	(3,361	)		$	(1,172	)		$	(3,198	)

Amounts Recognized in Accumulated Other Comprehensive Loss, Net of Tax

Amounts Recognized in Accumulated Other Comprehensive Loss, net of tax
Net loss		$	2,153			$	265			$	2,629
Prior service cost			—				—				—
Deferred income tax benefit			(732	)			(90	)			—
Amount recognized		$	1,421			$	175			$	2,629

Weighted Average Assumptions Used to Determine Benefit Obligation

Weighted Average Assumptions Used to Determine Benefit Obligation
Discount rate used for disclosure			4.00	%			5.00	%			4.00	%
Expected return on plan assets			7.50	%			8.00	%			8.00	%
Rate of compensation increase			3.00	%			3.00	%			3.00	%

Components of Net Periodic Benefit Cost

		2014				2013				2012
Components of Net Periodic Benefit Cost
Service cost		$	347			$	470			$	427
Interest cost			269				279				269
Expected return on plan assets			(315	)			(303	)			(275	)
Amortization of prior service cost			—				—				2
Recognized net loss due to settlement			—				284				—
Recognized net actuarial loss			—				109				86
Net periodic benefit cost		$	301			$	839			$	509

Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive (Income) Loss

Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive (Income) Loss
Net (gain) loss		$	1,888			$	(2,364	)		$	456
Amortization of prior service cost			—				—				(2	)
Total recognized in accumulated other comprehensive income (loss)		$	1,888			$	(2,364	)		$	454
Total Recognized in Net Periodic Benefit Cost and Accumulated Other Comprehensive Income (Loss)		$	2,189			$	(1,525	)		$	963

Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost

Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost
Discount rate			5.00	%			4.00	%			4.50	%
Expected return on plan assets			7.50	%			8.00	%			8.00	%
Rate of compensation increase			3.00	%			3.00	%			3.00	%

Schedule of Pension Plan's Weighted-Average Asset Allocations

The pension plan’s weighted-average asset allocations at the end of the plan year for 2014 and 2013, by asset category were as follows:

		2014				2013
Asset Category
Mutual funds – fixed income			39	%			39	%
Mutual funds – equity			61	%			61	%
Total			100	%			100	%

Schedule of Fair Value Hierarchy, the Company's Pension Plan Assets

The following tables set forth by level, within the fair value hierarchy, the Company’s pension plan assets at fair value as of December 31, 2014, 2013 and 2012 (in thousands):

		Fair Value Measurements at December 31, 2014
		Total				Level 1				Level 2				Level 3
Fixed income funds		$	1,711			$	1,711			$	—			$	—
Equity funds			2,657				2,657				—				—
Total		$	4,368			$	4,368			$	—			$	—

		Fair Value Measurements at December 31, 2013
		Total				Level 1				Level 2				Level 3
Fixed income funds		$	1,697			$	1,697			$	—			$	—
Equity funds			2,632				2,632				—				—
Total		$	4,329			$	4,329			$	—			$	—

		Fair Value Measurements at December 31, 2012
		Total				Level 1				Level 2				Level 3
Fixed income funds		$	1,023			$	1,023			$	—			$	—
Equity funds			3,023				3,023				—				—
Total		$	4,046			$	4,046			$	—			$	—

Estimated Future Benefit Payments, Which Reflect Expected Future Service

Estimated future benefit payments, which reflect expected future service, as appropriate, were as follows at December 31, 2014 (in thousands):

2015		$	361
2016			312
2017			301
2018			24
2019			26
Years 2020-2024			2,569

X

- Definition

Schedule of assumptions used to determine net periodic benefit cost.

+ References

No definition available.

+ Details

Name:	fxnc_ScheduleOfAssumptionsUsedToDetermineNetPeriodicBenefitCostTableTextBlock
Namespace Prefix:	fxnc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of defined benefit plans fair value plan assets by assets category and fair value hierarchy.

+ References

No definition available.

+ Details

Name:	fxnc_ScheduleOfDefinedBenefitPlansFairValuePlanAssetsByAssetsCategoryAndFairValueHierarchyTableTextBlock
Namespace Prefix:	fxnc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (a)(b)(c)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

+ Details

Name:	us-gaap_ChangesInProjectedBenefitObligationsFairValueOfPlanAssetsAndFundedStatusOfPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (d)(5)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (i)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (k)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in the accumulated postemployment benefit obligation from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfChangesInAccumulatedPostemploymentBenefitObligationsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (f)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (h)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration