XML 33 R22.htm IDEA: XBRL DOCUMENT v3.23.2

Note 2 - Securities (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

Schedule of Available-for-sale and Held-to-maturity Reconciliation [Table Text Block]

		June 30, 2023
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized (Losses)				Fair Value				Allowance for Credit Losses
Securities available for sale:
U.S. Treasury securities		$	12,472			$	—			$	(1,229	)		$	11,243			$	—
U.S. agency and mortgage-backed securities			103,238				62				(13,257	)			90,043				—
Obligations of states and political subdivisions			64,216				6				(8,763	)			55,459				—
Total securities available for sale		$	179,926			$	68			$	(23,249	)		$	156,745			$	—
Securities held to maturity:
U.S. Treasury securities		$	38,639			$	—			$	(716	)		$	37,923			$	—
U.S. agency and mortgage-backed securities			98,223				—				(9,679	)			88,544				—
Obligations of states and political subdivisions			11,959				28				(1,098	)			10,889				—
Corporate debt securities			3,000				—				(507	)			2,493				(144	)
Total securities held to maturity		$	151,821			$	28			$	(12,000	)		$	139,849			$	(144	)
Total securities		$	331,747			$	96			$	(35,249	)		$	296,594			$	(144	)

		December 31, 2022
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized (Losses)				Fair Value
Securities available for sale:
U.S. Treasury securities		$	12,468			$	—			$	(1,239	)		$	11,229
U.S. agency and mortgage-backed securities			109,972				95				(13,149	)			96,918
Obligations of states and political subdivisions			64,386				4				(9,630	)			54,760
Total securities available for sale		$	186,826			$	99			$	(24,018	)		$	162,907
Securities held to maturity:
U.S. Treasury securities		$	38,211			$	—			$	(568	)		$	37,643
U.S. agency and mortgage-backed securities			99,374				—				(9,189	)			90,185
Obligations of states and political subdivisions			12,573				—				(1,252	)			11,321
Corporate debt securities			3,000				—				(352	)			2,648
Total securities held to maturity		$	153,158			$	—			$	(11,361	)		$	141,797
Total securities		$	339,984			$	99			$	(35,379	)		$	304,704

Schedule of Temporary Impairment Losses, Investments [Table Text Block]

		June 30, 2023
		Less than 12 months								12 months or more								Total
		Fair Value				Unrealized (Loss)				Fair Value				Unrealized (Loss)				Fair Value				Unrealized (Loss)
Securities available for sale:
U.S. Treasury securities		$	—			$	—			$	11,243			$	(1,229	)		$	11,243			$	(1,229	)
U.S. agency and mortgage-backed securities			3,173				(49	)			81,908				(13,208	)			85,081				(13,257	)
Obligations of states and political subdivisions			8,519				(193	)			44,224				(8,570	)			52,743				(8,763	)
Total securities available for sale		$	11,692			$	(242	)		$	137,375			$	(23,007	)		$	149,067			$	(23,249	)

		December 31, 2022
		Less than 12 months								12 months or more								Total
		Fair Value				Unrealized (Loss)				Fair Value				Unrealized (Loss)				Fair Value				Unrealized (Loss)
Securities available for sale:
U.S. Treasury securities		$	9,041			$	(932	)		$	2,188			$	(307	)		$	11,229			$	(1,239	)
U.S. agency and mortgage-backed securities			27,282				(1,945	)			62,342				(11,204	)			89,624				(13,149	)
Obligations of states and political subdivisions			24,689				(2,581	)			26,362				(7,049	)			51,051				(9,630	)
Total securities available for sale		$	61,012			$	(5,458	)		$	90,892			$	(18,560	)		$	151,904			$	(24,018	)
Securities held to maturity:
U.S. Treasury securities		$	19,302			$	(258	)		$	18,342			$	(310	)		$	37,644			$	(568	)
U.S. agency and mortgage-backed securities			58,019				(6,848	)			32,167				(2,341	)			90,186				(9,189	)
Obligations of states and political subdivisions			8,648				(1,008	)			2,672				(244	)			11,320				(1,252	)
Corporate debt securities			2,648				(352	)			—				—				2,648				(352	)
Total securities held to maturity		$	88,617			$	(8,466	)		$	53,181			$	(2,895	)		$	141,798			$	(11,361	)
Total securities		$	149,629			$	(13,924	)		$	144,073			$	(21,455	)		$	293,702			$	(35,379	)

Investments Classified by Contractual Maturity Date [Table Text Block]

		Available for Sale								Held to Maturity
		Amortized Cost				Fair Value				Amortized Cost				Fair Value
Due within one year		$	500			$	500			$	20,393			$	20,133
Due after one year through five years			23,565				21,827				29,480				28,258
Due after five years through ten years			37,101				33,679				23,979				21,574
Due after ten years			118,760				100,739				77,969				69,884
		$	179,926			$	156,745			$	151,821			$	139,849

Marketable Securities [Table Text Block]

		June 30, 2023				December 31, 2022
Federal Home Loan Bank stock		$	691			$	796
Federal Reserve Bank stock			980				980
Community Bankers’ Bank stock			132				132
		$	1,803			$	1,908

Debt Securities, Held-to-Maturity, Credit Quality Indicator [Table Text Block]

		U.S. Treasury securities				U.S. agency and mortgage-backed securities				Obligations of states and political subdivisions				Corporate debt securities				Total Held to Maturity Securities
June 30, 2023
Aaa		$	38,639			$	22,819			$	3,116			$	—			$	64,574
Aa1 / Aa2 / Aa3			—				—				8,843				—				8,843
Baa1 / Baa2 / Baa3			—				—				—				3,000				3,000
Not rated - Agency (1)			—				75,404				—				—				75,404
Total		$	38,639			$	98,223			$	11,959			$	3,000			$	151,821
December 31, 2022
Aaa		$	38,211			$	22,706			$	3,126			$	—			$	64,043
Aa1 / Aa2 / Aa3			—				—				9,447				—				9,447
Baa1 / Baa2 / Baa3			—				—				—				3,000				3,000
Not rated - Agency (1)			—				76,668				—				—				76,668
Total		$	38,211			$	99,374			$	12,573			$	3,000			$	153,158

________________________________________

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Table Text Block]

		U.S. Treasury securities				U.S. agency and mortgage-backed securities				Obligations of states and political subdivisions				Corporate debt securities				Total Held to Maturity Securities
Balance, December 31, 2022		$	—			$	—			$	—			$	—			$	—
Adjustment for adoption of ASU 2016-13			—				—				—				134				134
Provision for credit losses			—				—				—				10				10
Charge-offs of securities			—				—				—				—				—
Recoveries			—				—				—				—				—
Balance, June 30, 2023		$	—			$	—			$	—			$	144			$	144

X

- Definition

The tabular disclosure of amortized costs, unrealized gains (losses), and fair values of available-for-sale and held-to-maturity securities.

+ References

No definition available.

+ Details

Name:	fxnc_ScheduleOfAvailableforsaleAndHeldtomaturityReconciliationTableTextBlock
Namespace Prefix:	fxnc_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on investment in debt security measured at amortized cost (held-to-maturity).

+ 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

+ Details

Name:	us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of credit quality indicator for investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

+ Details

Name:	us-gaap_DebtSecuritiesHeldToMaturityCreditQualityIndicatorTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

+ References

No definition available.

+ Details

Name:	us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of investments in an unrealized loss position for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), including: (a) the aggregate related fair value of investments with unrealized losses, (b) the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-6

+ Details

Name:	us-gaap_ScheduleOfTemporaryImpairmentLossesInvestmentsTableTextBlock
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