First National Bank (Altavista, VA)
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Data as of · sourced from FFIEC call reports. How we update
First National Bank is an FDIC-insured commercial bank headquartered in Altavista, VA, established in 1908 (FDIC certificate 6811), and it is supervised by the OCC. At Q2 2026 it reported total assets of $1.14B, up 9.7% from Q2 2025, the 27th largest of 56 banks headquartered in Virginia. Its CET1 capital ratio was 13.04% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 6811
- Headquarters
- Altavista, VA
- Established
- 1908
- Total assets, Q2 2026
- $1.14B
- Assets vs Q2 2025
- +9.7%
- CET1 ratio, Q2 2026
- 13.04%
- Domestic offices
- 20 FDIC institution directory, current count
- Routing number
- 051403041
- Holding company
- PINNACLE BANKSHARES CORPORATION
- Asset rank in state
- 27th of 56 in Virginia
First National Bank is one of the more profitable banks of its size. The Altavista, Virginia bank had $1.1 billion in assets at June 30, 2026, up 9.7% from a year earlier. It earns about $2.35 a year on every $100 of assets, about double the median of $1.29 for the 895 banks with $1 billion to $10 billion in assets. It also pays an average of 1.07% on its deposits and borrowings, about half the median of 2.01% for banks its size. A wide margin does most of the work: it keeps 4.17 cents of net interest income on every dollar of earning assets.
Earnings jumped: net income for the quarter was $6.5 million, 128% above the same quarter a year earlier. Over the same year, loans grew 3.1% and deposits grew 10.8%. Where it has less room is capital: it funds 8.84% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 10.52%).
As of June 30, 2026, First National Bank reported a CET1 capital ratio of 13.04%, a return on assets of 2.35%, a nonperforming-loan ratio of 0.19% and a Texas ratio of 1.48%. The figures come from its call report filed with the FFIEC.
Of the 56 banks headquartered in Virginia, First National Bank is the 27th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 4.7% to $1.14B, loans rose 1.0% and deposits rose 4.3%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 27.0% of total loans, followed by auto loans at 17.0%. The FDIC Summary of Deposits lists 19 offices for it, in 10 cities in VA; its Altavista 2 offices book 28% of its branch deposits. By the capital ratios in its Q2 2026 call report, First National Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 622 Broad St, Altavista, VA 24517
- County
- Campbell
- Metro Area
- Lynchburg, VA
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- March 1, 1908
- Domestic offices
- 20 FDIC institution directory, current count
- Employees (FTE)
- 193
- Domestic deposits
- $1.04B
- Allowance for credit losses
- $5.3M
- Net charge-offs (YTD)
- $249K
- Average total assets
- $1.11B
- Average total loans
- $745.5M
- Average interest-bearing deposits
- $711.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 6811
- Fed RSSD
- 979629
- SEC CIK
- 1031233 → filed by PINNACLE BANKSHARES CORPORATION
- Website
- http://www.1stnatbk.com →
- Parent Holding Company
- PINNACLE BANKSHARES CORPORATION (RSSD 2534406)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
First National Bank's total assets moved between a low of $994.7M (Q3 2023) and a high of $1.14B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.14B total assets against $1.04B; $1.05B total liabilities against $946.1M.
$742.6M net loans and leases against $720.5M; $1.04B total deposits against $939.8M.
$187.9M securities against $145.3M; $152.5M cash and balances due against $117.8M.
$13.8M total interest income against $12.8M; $2.7M total interest expense against $2.7M.
$11.1M net interest income against $10.1M.
$6.2M total noninterest income against $2.1M; $8.9M total noninterest expense against $8.6M.
$228K provision for credit losses against $72K.
$6.5M net income against $2.9M.
2.35% return on assets against 1.12%; 4.17% net interest margin against 4.15%.
13.04% CET1 capital ratio against 13.21%; 8.84% tier 1 leverage ratio against 9.63%.
Inside the full First National Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst National Bank rankings
Its closest position to the top of a national ranking is 224 of 3,611, for ROA; its furthest is 2,478 of 3,640, for Texas Ratio.
Metric pages for First National Bank: ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.89% (Q3 2024) to 2.35% (Q2 2026) and its net interest margin ran from 3.75% (Q3 2024) to 4.18% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.04% | 2.35% | 0.19% | 1.48% | 4.17% |
| Q1 2026 | 12.34% | 1.16% | 0.20% | 1.65% | 4.06% |
| Q4 2025 | 12.46% | 1.10% | 0.20% | 1.65% | 4.15% |
| Q3 2025 | 12.19% | 1.22% | 0.18% | 1.46% | 4.18% |
| Q2 2025 | 13.21% | 1.12% | 0.13% | 1.02% | 4.15% |
| Q1 2025 | 12.94% | 0.93% | 0.14% | 1.07% | 3.86% |
| Q4 2024 | 12.81% | 1.17% | 0.22% | 1.76% | 3.80% |
| Q3 2024 | 12.84% | 0.89% | 0.14% | 1.08% | 3.75% |
Swipe the table sideways to see every column.
Branch Network
View all 19 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First National Bank (main office) | Altavista , VA | 24517 | $209.2M |
| Rustburg Branch | Rustburg , VA | 24588 | $121.2M |
| Airport Branch | Lynchburg , VA | 24502 | $95.8M |
| Danville Main Branch | Danville , VA | 24541 | $94.1M |
| Vista Branch | Altavista , VA | 24517 | $82.8M |
| Mount Hermon Branch | Danville , VA | 24540 | $50.2M |
| Forest Branch | Forest , VA | 24551 | $50.0M |
| Kings Fairground Plaza Branch | Danville , VA | 24540 | $47.3M |
| Chatham Branch | Chatham , VA | 24531 | $46.4M |
| Old Forest Road Branch | Lynchburg , VA | 24501 | $40.5M |
| 58 East at Airport Branch | Danville , VA | 24540 | $38.8M |
| Timberlake Branch | Lynchburg , VA | 24502 | $37.2M |
| Amherst Branch | Amherst , VA | 24521 | $35.8M |
| Brosville Office Branch | Danville , VA | 24541 | $22.3M |
| Graves Mill Branch | Forest , VA | 24551 | $22.0M |
| Halifax Road Branch | South Boston , VA | 24592 | $21.1M |
| Odd Fellows Road Branch | Timberlake , VA | 24501 | $18.5M |
| Downtown Lynchburg Branch | Lynchburg , VA | 24504 | $5.1M |
| Charlottesville Ivy Road Branch | Charlottesville , VA | 22903 | $3.4M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 31, 2020 | Structure Change | Acquired Virginia Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 30, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 7, 1992 | Structure Change | Acquired Coreast Federal Savings Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in VA, rank 33 of 102 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 188 applications, 159 loans originated, $46.2M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $225K approved, $225K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First National Bank
What are First National Bank's total assets?
As of the Q2 2026 filing, First National Bank reported total assets of $1.14 billion in its FFIEC call report.
Where is First National Bank headquartered?
It is headquartered in Altavista, VA, United States.
When was First National Bank founded?
It was established in 1908, per the FDIC institution directory.
Is First National Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #6811). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First National Bank?
First National Bank's primary federal regulator is the OCC.
What is First National Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.04% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First National Bank operate?
It operates 20 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First National Bank's Texas Ratio?
Its Texas Ratio is 1.48% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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