Trade National Bankshares Inc - NKSH CFD

National Bankshares Company profile

About National Bankshares Inc.

National Bankshares, Inc. is a financial holding company. The Company conducts its operations through its wholly owned community bank subsidiary, the National Bank of Blacksburg (the Bank or NBB). NBB offers a range of retail and commercial banking services to individuals, businesses, non-profits and local governments. The Bank focuses lending on small and mid-sized businesses and individuals. Its loan types include commercial and agricultural, commercial real estate, construction for commercial and residential properties, residential real estate, home equity and various consumer loan products. Deposit products offered by the Bank include interest-bearing and non-interest-bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit, health savings accounts and individual retirement accounts. The Company operates 24 branch offices throughout southwest Virginia and one loan production office in Roanoke Virginia

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, National Bankshares Inc. interest income increased 2% to $45M. Net interest income after loan loss provision increased 17% to $42.3M. Net income increased 27% to $20.4M. Net interest income after loan loss provision reflects Interest on securities - taxable increase of 8% to $8M, Interest and fees on loans increase of 1% to $34.9M.

Equity composition

Common Stock $1.25 Par, 03/11, 10M auth., 6,933,474 issd. Insiders control 5.04%. IPO: N/A. 5/96, .11129-for-1 stock split. 6/96, the company issd. 1.9M Common in connection with the acquisition of Tazewell. FY'99 Q's are reclassified. FY'99 Summ. Q's as reported in the 12/00 10-K. 04/06, 2-for-1 stock split.