National Bankshares, Inc.

National Bankshares, Inc. (NBI) is a financial holding company organized in 1986 under Virginia law. Its common stock is listed on the Nasdaq Capital Market under the symbol "NKSH." NBI primarily operates through its wholly-owned community bank subsidiary, The National Bank of Blacksburg (NBB), and also owns National Bankshares Financial Services, Inc. (NBFS), which operates as National Bankshares Insurance Services and National Bankshares Investment Services. The National Bank of Blacksburg, doing business as National Bank, was originally chartered in 1891. It converted to a national charter in 1922. NBB expanded by purchasing Community National Bank of Pulaski, Virginia, in 2004, and merging with Bank of Tazewell County in May 2006. On June 1, 2024, NBB purchased Frontier Community Bank (FCB), a Virginia bank. Headquartered in Blacksburg, Virginia, NBB is a community-oriented financial institution. It operates through 28 banking locations across southwest, western, and central Virginia, including a new branch opened in 2025 in Roanoke, Virginia, a recently upgraded Lynchburg, Virginia location, and a loan production office in Charlottesville, Virginia. NBB provides a full range of retail and commercial banking services to individuals, businesses, non-profits, and local governments. These services include telephone, mobile, and internet banking, and NBB operates 26 automated teller machines (ATMs) in its service area. The Bank's main revenue source is lending activities, focusing on small and mid-sized businesses and individuals. Loan types offered include commercial and agricultural, commercial real estate, construction for commercial and residential properties, residential real estate, home equity, and various consumer loan products.