Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Assets
Cash and due from banks	$ 9,798	$ 13,564
Interest-bearing deposits	83,051	94,254
Federal funds sold	0	299
Total cash and cash equivalents	92,849	108,117
Securities available for sale, at fair value	590,021	601,898
Mortgage loans held for sale	1,072	619
Loans:
Total loans	1,011,135	988,613
Less deferred fees and costs	(438)	(663)
Loans, net of deferred fees and costs	1,010,697	987,950
Less: allowance for credit losses	(10,422)	(10,262)
Loans, net	1,000,275	977,688
Premises and equipment, net	17,829	16,826
Accrued interest receivable	6,413	6,469
Goodwill	10,718	10,718
Core deposit intangible, net	1,671	1,863
Bank-owned life insurance ("BOLI")	47,958	47,369
Other assets	37,804	40,068
Total assets	1,806,610	1,811,635
Liabilities and Stockholders' Equity
Noninterest-bearing demand deposits	306,427	290,088
Interest-bearing demand deposits	852,405	864,753
Savings deposits	140,285	143,109
Time deposits	328,558	346,802
Total deposits	1,627,675	1,644,752
Accrued interest payable	1,522	1,462
Other liabilities	8,677	9,013
Total liabilities	1,637,874	1,655,227
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 6,366,001 (including 5,028 unvested) shares as of June 30, 2025 and 6,363,371(including 4,961 unvested) shares as of December 31, 2024	21,925	21,831
Retained earnings	197,223	196,343
Accumulated other comprehensive loss, net	(50,412)	(61,765)
Total stockholders' equity	168,736	156,409
Total liabilities and stockholders' equity	1,806,610	1,811,636
Real Estate Construction Portfolio Segment [Member]
Loans:
Total loans	44,529	50,798
Less: allowance for credit losses	(366)	(348)
Consumer Real Estate Portfolio Segment [Member]
Loans:
Total loans	317,949	307,855
Less: allowance for credit losses	(3,932)	(3,926)
Commercial Real Estate Portfolio Segment [Member]
Loans:
Total loans	494,755	478,078
Less: allowance for credit losses	(4,431)	(4,299)
Commercial Non Real Estate Segment [Member]
Loans:
Total loans	51,383	51,844
Less: allowance for credit losses	(624)	(655)
Public Sector and IDA Portfolio Segment [Member]
Loans:
Total loans	56,347	57,171
Less: allowance for credit losses	(323)	(336)
Consumer Non Real Estate Portfolio Segment [Member]
Loans:
Total loans	46,172	42,867
Less: allowance for credit losses	$ (736)	$ (648)

NATIONAL BANKSHARES INC 10-Q