First National Corp. FXNC Provision For Credit Losses On Unfunded Commitments
Provision For Credit Losses On Unfunded Commitments at other companies
Other financials
Where this comes from
Reported directly by First National Corp. in its filing.
Tagged under the XBRL concept fxnc:ProvisionForCreditLossesOnUnfundedCommitments.
The official record: First National Corp.’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is First National Corp.'s provision for credit losses on unfunded commitments?
- First National Corp. (FXNC) reported provision for credit losses on unfunded commitments of -$56K in Q1 2026.
- How has First National Corp.'s provision for credit losses on unfunded commitments changed year-over-year?
- First National Corp.'s provision for credit losses on unfunded commitments decreased by 153.8% year-over-year, from $104K to -$56K.
- What does provision for credit losses on unfunded commitments mean?
- Represents the expense recognized to maintain an adequate allowance for credit losses associated with off-balance sheet credit exposures, such as unused lines of credit. This metric reflects the bank's assessment of potential future defaults on commitments that have not yet been drawn by borrowers. It serves as a forward-looking indicator of credit risk management and potential future asset quality deterioration.