XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.21.1

Note 6 - Other Borrowings | 3 Months Ended
--- | ---
Mar. 31, 2021
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 March 31, 2021 . There were no borrowings outstanding on the line of credit at March 31, 2021 . 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, 2026. The Bank had unused lines of credit totaling $239.0 million and $237.7 million available with non-affiliated banks at March 31, 2021 and December 31, 2020 , 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 $162.5 million at March 31, 2021 . The Bank had collateral pledged on the borrowing line at March 31, 2021 and December 31, 2020 including real estate loans totaling $222.1 million and $221.1 million, respectively, and Federal Home Loan Bank stock with a book value of $573 thousand and $818 thousand, respectively. The Bank did not have borrowings from the FHLB at March 31, 2021 and December 31, 2020 .

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