National Bankshares Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June 30, 2026☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ________ to ________ Commission File Number: 0-15204NATIONAL BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia54-1375874(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 101 Hubbard StreetBlacksburg, Virginia 24062-9002(Address of principal executive offices) (Zip Code) (540) 951-6300(Registrant’s telephone number, including area code)(Not applicable)(Former name, former address and former fiscal year, if changed since last report)Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, par value $1.25 per shareNKSHNasdaq Capital Market Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b–2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. NATIONAL BANKSHARES, INC.Form 10-QIndex Item 1Financial Statements3Consolidated Balance Sheets, June 30, 2026 (Unaudited) and December 31, 20253Consolidated Statements of Income for the Three Months Ended June 30, 2026 and 2025 (Unaudited)4Consolidated Statements of Comprehensive Income for the Three Months Ended June 30, 2026 and 2025(Unaudited)5Consolidated Statements of Income for the Six Months Ended June 30, 2026 and 2025 (Unaudited)6Consolidated Statements of Comprehensive Income for the Six Months Ended June 30, 2026 and 2025(Unaudited)7Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended June 30, 2026and 2025 (Unaudited)8Consolidated Statements of Changes in Stockholders' Equity for the Six Months Ended June 30, 2026 and2025 (Unaudited)8Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 2025 (Unaudited)9Notes to Consolidated Financial Statements (Unaudited)11Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations30Item 3Quantitative and Qualitative Disclosures About Market Risk43Item 4Controls and Procedures43 Item 1Legal Proceedings44Item 1ARisk Factors44Item 2Unregistered Sales of Equity Securities and Use of Proceeds44Item 3Defaults Upon Senior Securities44Item 4Mine Safety Disclosures44Item 5Other Information44Item 6Exhibits44 National Bankshares, Inc.Consolidated Statements of Comprehensive IncomeThree Months Ended June 30, 2026 and 2025(Unaudited) Three months ended June 30, Other Comprehensive Income, Net of Tax Unrealized holding (loss) gain on available for sale securities net of tax of ($173) and$1,000for the periods ended June 30, 2026 and 2025, respectively(654)3,763Reclassification adjustment for loss included in net income, net of tax of $1,375in 20265,174-Other comprehensive income, net of tax4,5203,763Total Comprehensive Income$9,549$6,052 National Bankshares, Inc.Consolidated Statements of Comprehensive IncomeSix Months Ended June 30, 2026 and 2025(Unaudited) For the Six Months Ended June 30, Other Comprehensive Income, Net of Tax Unrealized holding (loss) gain on available for sale securities net of tax of ($853) and$3,017for the periods ended June 30, 2026 and 2025, respectively(3,207)11,353Reclassification adjustment for loss included in net income, net of tax of $1,375in 20265,174-Other comprehensive income,