National Bankshares(NKSH) - 2024 Q1 - Quarterly Results

President and CEO F. Brad Denardo commented, "High interest rates and the elevated cost of deposits negatively impacted earnings once again in the first quarter. We were pleased with the improvement in interest income compared to December 31, 2023, and we anticipate further progress as assets continue to reprice at higher rates. Our expansion plans are moving forward with the construction of our new Roanoke, Virginia branch office and the planned acquisition of Frontier Community Bank in the second quarter. ...