XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.20.2

Note 6 - Other Borrowings | 6 Months Ended
--- | ---
Jun. 30, 2020
Notes to Financial Statements |
Other Borrowings [Text Block] | Note 6. Other Borrowings The Company had an unsecured line of credit totaling $5.0 million with a non-affiliated bank at June 30, 2020. There were no borrowings outstanding on the line of credit at June 30, 2020. The interest rate on the line of credit floats at Wall Street Journal Prime Rate plus 0.25%, with a floor of 3.50%, and matures on March 28, 2025. The Bank had unused lines of credit totaling $239.4 million and $218.1 million available with non-affiliated banks at June 30, 2020 and December 31, 2019, respectively. These amounts primarily consist of a blanket floating lien agreement with the Federal Home Loan Bank of Atlanta (FHLB) in which the Bank can borrow up to 19% of its total assets. The unused line of credit with FHLB totaled $148.8 million at June 30, 2020. The Bank had collateral pledged on the borrowing line at June 30, 2020 and December 31, 2019 including real estate loans totaling $210.7 million and $194.9 million, respectively, and Federal Home Loan Bank stock with a book value of $818 thousand and $776 thousand, respectively. The Bank did not have borrowings from the FHLB at June 30, 2020 and December 31, 2019.

X
- Definition The disclosure for borrowings classified as other. + References No definition available. + Details
Name: | fxnc_OtherBorrowingsTextBlock
Namespace Prefix: | fxnc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration