XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.23.2

Note 4 - Allowance for Credit Losses (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Notes Tables |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
|  | June 30, 2023 |
|  | Construction and Land Development |  |  | Secured by 1-4 Family Residential |  |  | Other Real Estate |  |  | Commercial and Industrial |  |  | Consumer and Other Loans |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance, December 31, 2022 |  | $ | 546 |  |  | $ | 1,108 |  |  | $ | 3,609 |  |  | $ | 1,874 |  |  | $ | 309 |  |  | $ | 7,446 |
Adjustment to allowance for adoption of ASU 2016-13 |  |  | (313 | ) |  |  | 1,409 |  |  |  | 1,702 |  |  |  | (387 | ) |  |  | (225 | ) |  |  | 2,186 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (877 | ) |  |  | (208 | ) |  |  | (1,085 | )
Recoveries |  |  | 1 |  |  |  | 9 |  |  |  | 13 |  |  |  | 144 |  |  |  | 99 |  |  |  | 266 |
Provision for (recovery of) credit losses |  |  | 68 |  |  |  | 77 |  |  |  | (80 | ) |  |  | (137 | ) |  |  | 117 |  |  |  | 45 |
Ending Balance, June 30, 2023 |  | $ | 302 |  |  | $ | 2,603 |  |  | $ | 5,244 |  |  | $ | 617 |  |  | $ | 92 |  |  | $ | 8,858 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Collectively evaluated |  |  | 302 |  |  |  | 2,603 |  |  |  | 5,244 |  |  |  | 617 |  |  |  | 92 |  |  |  | 8,858 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  | $ | 49,282 |  |  | $ | 337,601 |  |  | $ | 421,970 |  |  | $ | 112,803 |  |  | $ | 8,538 |  |  | $ | 930,194 |
Individually evaluated |  |  | 40 |  |  |  | 567 |  |  |  | 70 |  |  |  | — |  |  |  | — |  |  |  | 677 |
Collectively evaluated |  |  | 49,242 |  |  |  | 337,034 |  |  |  | 421,900 |  |  |  | 112,803 |  |  |  | 8,538 |  |  |  | 929,517 |
|  | December 31, 2022 |
|  | 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, 2021 |  | $ | 345 |  |  | $ | 1,077 |  |  | $ | 3,230 |  |  | $ | 718 |  |  | $ | 340 |  |  | $ | 5,710 |
Charge-offs |  |  | — |  |  |  | (6 | ) |  |  | — |  |  |  | (32 | ) |  |  | (491 | ) |  |  | (529 | )
Recoveries |  |  | 10 |  |  |  | 19 |  |  |  | 15 |  |  |  | 145 |  |  |  | 226 |  |  |  | 415 |
Provision for (recovery of) loan losses |  |  | 191 |  |  |  | 18 |  |  |  | 364 |  |  |  | 1,043 |  |  |  | 234 |  |  |  | 1,850 |
Ending Balance, December 31, 2022 |  | $ | 546 |  |  | $ | 1,108 |  |  | $ | 3,609 |  |  | $ | 1,874 |  |  | $ | 309 |  |  | $ | 7,446 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 888 |  |  |  | — |  |  |  | 888 |
Collectively evaluated for impairment |  |  | 546 |  |  |  | 1,108 |  |  |  | 3,609 |  |  |  | 986 |  |  |  | 309 |  |  |  | 6,558 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  | $ | 51,840 |  |  | $ | 331,421 |  |  | $ | 418,456 |  |  | $ | 111,225 |  |  | $ | 7,581 |  |  | $ | 920,523 |
Individually evaluated for impairment |  |  | 1,045 |  |  |  | 530 |  |  |  | 13 |  |  |  | 1,085 |  |  |  | — |  |  |  | 2,673 |
Collectively evaluated for impairment |  |  | 50,795 |  |  |  | 330,891 |  |  |  | 418,443 |  |  |  | 110,140 |  |  |  | 7,581 |  |  |  | 917,850 |
|  | June 30, 2022 |
|  | 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, 2021 |  | $ | 345 |  |  | $ | 1,077 |  |  | $ | 3,230 |  |  | $ | 718 |  |  | $ | 340 |  |  | $ | 5,710 |
Charge-offs |  |  | — |  |  |  | (5 | ) |  |  | — |  |  |  | (8 | ) |  |  | (200 | ) |  |  | (213 | )
Recoveries |  |  | 7 |  |  |  | 10 |  |  |  | 4 |  |  |  | 146 |  |  |  | 138 |  |  |  | 305 |
(Recovery of) provision for loan losses |  |  | (9 | ) |  |  | (40 | ) |  |  | 334 |  |  |  | 20 |  |  |  | 95 |  |  |  | 400 |
Ending Balance, June 30, 2022 |  | $ | 343 |  |  | $ | 1,042 |  |  | $ | 3,568 |  |  | $ | 876 |  |  | $ | 373 |  |  | $ | 6,202 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Collectively evaluated for impairment |  |  | 343 |  |  |  | 1,042 |  |  |  | 3,568 |  |  |  | 876 |  |  |  | 373 |  |  |  | 6,202 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  | $ | 49,118 |  |  | $ | 312,083 |  |  | $ | 401,037 |  |  | $ | 109,548 |  |  | $ | 8,303 |  |  | $ | 880,089 |
Individually evaluated for impairment |  |  | — |  |  |  | 420 |  |  |  | 22 |  |  |  | — |  |  |  | — |  |  |  | 442 |
Collectively evaluated for impairment |  |  | 49,118 |  |  |  | 311,663 |  |  |  | 401,015 |  |  |  | 109,548 |  |  |  | 8,303 |  |  |  | 879,647 |
Financing Receivable, Nonaccrual [Table Text Block] |
|  | CECL |  |  | Incurred Loss |
|  | June 30, 2023 |  |  | December 31, 2022 |
|  | Nonaccrual Loans with No Allowance |  |  | Nonaccrual loans with an Allowance |  |  | Total Nonaccrual Loans |  |  | Nonaccrual Loans |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 40 |  |  | $ | — |  |  | $ | 40 |  |  | $ | 1,045 |
Secured by 1-4 family residential |  |  | 567 |  |  |  | — |  |  |  | 567 |  |  |  | 530 |
Other real estate loans |  |  | 70 |  |  |  | — |  |  |  | 70 |  |  |  | 13 |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,085 |
Total |  | $ | 677 |  |  | $ | — |  |  | $ | 677 |  |  | $ | 2,673 |
Impaired Financing Receivables [Table Text Block] |
|  | December 31, 2022 |
|  | 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 |  | $ | 2,412 |  |  | $ | 1,045 |  |  | $ | — |  |  | $ | 1,045 |  |  | $ | — |  |  | $ | 30 |  |  | $ | 75 |
Secured by 1-4 family residential |  |  | 680 |  |  |  | 530 |  |  |  | — |  |  |  | 530 |  |  |  | — |  |  |  | 580 |  |  |  | 11 |
Other real estate loans |  |  | 26 |  |  |  | 13 |  |  |  | — |  |  |  | 13 |  |  |  | — |  |  |  | 22 |  |  |  | — |
Commercial and industrial |  |  | 1,084 |  |  |  | — |  |  |  | 1,085 |  |  |  | 1,085 |  |  |  | 888 |  |  |  | 650 |  |  |  | 40 |
Total |  | $ | 4,202 |  |  | $ | 1,588 |  |  | $ | 1,085 |  |  | $ | 2,673 |  |  | $ | 888 |  |  | $ | 1,282 |  |  | $ | 126 |
|  | June 30, 2022 |
|  | 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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Secured by 1-4 family residential |  | $ | 552 |  |  | $ | 420 |  |  | $ | — |  |  | $ | 420 |  |  | $ | — |  |  | $ | 650 |  |  | $ | — |
Other real estate loans |  |  | 34 |  |  |  | 22 |  |  |  | — |  |  |  | 22 |  |  |  | — |  |  |  | 26 |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,241 |  |  |  | — |
Total |  | $ | 586 |  |  | $ | 442 |  |  | $ | — |  |  | $ | 442 |  |  | $ | — |  |  | $ | 1,917 |  |  | $ | — |
Financing Receivable, Collateral Dependent Loans [Table Text Block] |
|  | June 30, 2023 |
(Dollars in thousands) |  | Real Estate Secured |  |  | Non-Real Estate Secured |  |  | Total Collateral-Dependent Loans |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 40 |  |  | $ | — |  |  | $ | 40 |
Secured by 1-4 family residential |  |  | 567 |  |  |  | — |  |  |  | 567 |
Other real estate loans |  |  | 70 |  |  |  | — |  |  |  | 70 |
Total |  | $ | 677 |  |  | $ | — |  |  | $ | 677 |
Financing Receivable, Modified [Table Text Block] |
|  | Term Extension
(Dollars in thousands) |  | Amortized Cost Basis |  |  | % of Total Loan Type |  | Financial Effect
Real estate loans: |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | — |  |  |  | 0.00 | % |
Secured by 1-4 family residential |  |  | 70 |  |  |  | 0.02 | % | Converted HELOC to 15 year term loan.
Other real estate loans |  |  | — |  |  |  | 0.00 | % |
Commercial and industrial |  |  | — |  |  |  | 0.00 | % |
Total |  | $ | 70 |  |  |  | 0.02 | % |
|  | Principal Forgiveness
(Dollars in thousands) |  | Amortized Cost Basis |  |  | % of Total Loan Type |  | Financial Effect
Real estate loans: |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | — |  |  |  | 0.00 | % |
Secured by 1-4 family residential |  |  | 18 |  |  |  | 0.01 | % | Reduced the amortized cost basis of the loan by $29 thousand.
Other real estate loans |  |  | — |  |  |  | 0.00 | % |
Commercial and industrial |  |  | — |  |  |  | 0.00 | % |
Total |  | $ | 18 |  |  |  | 0.01 | % |

X
- Definition Tabular disclosure of collateral dependent financing receivable. + References No definition available. + Details
Name: | fxnc_FinancingReceivableCollateralDependentLoansTableTextBlock
Namespace Prefix: | fxnc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-15 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-16 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7 + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of financing receivable modified for debtor experiencing financial difficulty. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481933/310-10-55-12A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-42 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-42 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 33 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-33 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-34 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration