719402--3/27/2006--FIRST_NATIONAL_CORP

related topics

{acquisition, growth, future}

{competitive, industry, competition}

{loss, insurance, financial}

{loan, real, estate}

{personnel, key, retain}

{stock, price, share}

{condition, economic, financial}

The Company s business strategy calls for continued growth. The Company may not be able to successfully manage growth or implement growth strategies, which may adversely affect results of operations and financial condition. The Company relies heavily on its management team and the unexpected loss of any of those personnel could adversely affect operations; the Company depends on the ability to attract and retain key personnel. The Company may incur losses if unable to successfully manage interest rate risk. The Company may be adversely affected by economic conditions in the market area. The Company s concentration in loans secured by real estate may increase credit losses, which would negatively affect financial results. If the Company s allowance for loan losses becomes inadequate, results of operations may be adversely affected. Future success is dependent on the ability to compete effectively in the highly competitive banking industry. The Company s profitability and the value of the investment in the Company may suffer because of rapid and unpredictable changes in the highly regulated environment. If the Company needs additional capital in the future to continue growth, it may not be able to obtain it on terms that are favorable. This could negatively affect the Company s performance and the value of its common stock. There is a limited trading market for the Company s common stock; it may be difficult to sell shares after they have been purchased.

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719402--3/27/2006--FIRST_NATIONAL_CORP_/VA/