XML 56 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1

Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2017

Retirement Benefits [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, 2017 and 2016 (in thousands).

	2017				2016
Change in Benefit Obligation
Benefit obligation, beginning of year	$	5,777			$	8,107
Service cost	—				410
Interest cost	82				331
Actuarial (gain) loss	(145		)		245
Benefits paid	(431		)		(695		)
Gain due to curtailment	—				(2,621		)
Benefit obligation, end of year	$	5,283			$	5,777
Changes in Plan Assets
Fair value of plan assets, beginning of year	$	3,693			$	4,264
Actual return on plan assets	16				124
Employer contributions	1,800				—
Benefits paid	(431		)		(695		)
Fair value of assets, end of year	$	5,078			$	3,693
Funded Status, end of year	$	(205	)		$	(2,084	)
Amount Recognized in Other Liabilities	$	(205	)		$	(2,084	)

Amounts Recognized in Accumulated Other Comprehensive Loss, Net of Tax

Amounts Recognized in Accumulated Other Comprehensive Loss, net of tax
Net gain	$	(126	)		$	—
Deferred income tax expense	27				—
Amount recognized	$	(99	)		$	—

Weighted Average Assumptions Used to Determine Benefit Obligation

Weighted Average Assumptions Used to Determine Benefit Obligation
Discount rate used for disclosure
First five years	1.96	%		1.47	%
Five years to twenty years	3.58	%		3.34	%
After twenty years	4.35	%		4.30	%
Expected return on plan assets	1.00	%		7.50	%
Rate of compensation increase	N/A			3.00	%

Components of Net Periodic Benefit Cost

Components of Net Periodic Benefit Cost
Service cost	$	—			$	410
Interest cost	82				331
Expected return on plan assets	(35		)		(297		)
Recognized net gain due to curtailment	—				(173		)
Recognized net actuarial loss	—				84
Net periodic benefit cost	$	47			$	355

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 Other Comprehensive Income (Loss)
Net gain	$	(126	)		$	(2,115	)
Total recognized in other comprehensive income (loss)	$	(126	)		$	(2,115	)
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income (Loss)	$	(79	)		$	(1,760	)

Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost

	2017			2016
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost
Discount rate	1.47	%		4.25	%
Expected return on plan assets	1.00	%		7.50	%
Rate of compensation increase	N/A			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 2017 and 2016, by asset category were as follows:

	2017			2016
Asset Category
Cash and equivalents	100	%		100	%
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, 2017 and 2016 (in thousands):

	Fair Value Measurements at December 31, 2017
	Total				Level 1				Level 2				Level 3
Cash and equivalents	$	5,078			$	5,078			$	—			$	—
Total	$	5,078			$	5,078			$	—			$	—

	Fair Value Measurements at December 31, 2016
	Total				Level 1				Level 2				Level 3
Cash and equivalents	$	3,693			$	3,693			$	—			$	—
Total	$	3,693			$	3,693			$	—			$	—

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=82843861&loc=d3e1928-114920

+ Details

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

X

- References

No definition available.

+ 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=82843861&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=82843861&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=82843861&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=82843861&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 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=82843861&loc=d3e1928-114920

+ Details

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