NATIONAL BANKSHARES INC
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
NKSH$39.19-0.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Financial Statements Consolidated Balance Sheets, March 31, 2024 (Unaudited) and December 31, 2023
| Item 1. Financial Statements | Financial Information |
|---|---|
| National Bankshares, Inc. | |
| Consolidated Balance Sheets |
| (Unaudited) | ||||
|---|---|---|---|---|
| March 31, · December 31, | ||||
| (in thousands, except share and per share data) · 2024 · 2023 | ||||
| Assets | ||||
| Cash and due from banks | $10,656 | $12,967 | ||
| Interest-bearing deposits | 110,527 | 73,636 | ||
| Total cash and cash equivalents | 121,183 | 85,603 | ||
| Securities available for sale, at fair value | 609,968 | 618,601 | ||
| Restricted stock, at cost | 1,248 | 1,264 | ||
| Mortgage loans held for sale | - | 406 | ||
| Loans: | ||||
| Loans, net of unearned income and deferred fees and costs | 863,548 | 856,646 | ||
| Less allowance for credit losses | (9,055) | (9,094) | ||
| Loans, net | 854,493 | 847,552 | ||
| Premises and equipment, net | 11,214 | 11,109 | ||
| Accrued interest receivable | 6,478 | 6,313 | ||
| Goodwill | 5,848 | 5,848 | ||
| Bank-owned life insurance | 43,840 | 43,583 | ||
| Other assets | 34,934 | 34,091 | ||
| Total assets | $1,689,206 | $1,655,370 | ||
| Liabilities and Stockholders' Equity | ||||
| Noninterest-bearing demand deposits | $283,870 | $281,215 | ||
| Interest-bearing demand deposits | 838,450 | 821,661 | ||
| Savings deposits | 175,587 | 177,856 | ||
| Time deposits | 239,901 | 223,240 | ||
| Total deposits | 1,537,808 | 1,503,972 | ||
| Accrued interest payable | 2,514 | 1,416 | ||
| Other liabilities | 9,494 | 9,460 | ||
| Total liabilities | 1,549,816 | 1,514,848 | ||
| Commitments and contingencies | ||||
| Stockholders' Equity | ||||
| Preferred stock, no par value, 5,000,000 shares authorized; none issued and outstanding | $ | - | $ | - |
| Common stock of $1.25 par value and additional paid in capital. Authorized 10,000,000 shares; issued and outstanding 5,893,782 (including 4,095 unvested) shares at March 31, 2024 and December 31, 2023 | 7,436 | 7,404 | ||
| Retained earnings | 200,158 | 197,984 | ||
| Accumulated other comprehensive loss, net | (68,204) | (64,866) | ||
| Total stockholders' equity | 139,390 | 140,522 | ||
| Total liabilities and stockholders' equity | $1,689,206 | $1,655,370 | ||
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