First Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The history of First Bank stretches back more than a hundred years, when the bank first opened under the name Peoples National Bank of Strasburg in 1907. Two decades later in 1928, the bank moved into a new office building on the corner of King and Holliday streets, becoming known as First National Bank of Strasburg. A local paper at the time stated the new name was selected to “give the bank more prestige and publicity,” helping to create a strong presence in the eyes of residents and newcomers to the community.

For the next 66 years, the bank’s name remained First National Bank of Strasburg. Then, in 1994, the bank converted from a national bank to a state bank and adopted its new name, First Bank. Today, First Bank continues to operate as an independent community bank in the Northern Shenandoah Valley as a fully owned subsidiary of First National Corporation, both of which are headquartered in Strasburg, Va.

Corporate Office
112 W. King St.
Strasburg, VA 22657

Ph: 540.465.9121, 888.647.1265
Fx: 540.465.5946