On July 2, 2026, National Bankshares, Inc. completed a strategic repositioning of its securities available-for-sale portfolio. The company sold securities with an amortized cost of $131.87 million (1.80% weighted average yield) and purchased securities with an amortized cost of $127.33 million (5.16% weighted average yield). This restructuring resulted in a pre-tax loss of $6.55 million for the second quarter of 2026, which the company expects to recover over approximately 1.8 years. The loss will be offset by gains from the previously announced sale of membership interests in Bearing Insurance Group, LLC. The company is a financial holding company that operates a community bank and investment/insurance subsidiaries in Virginia.
