First National Corp., the parent company of...

First National Corp., the parent company of First National Bank, reported that net income rose to $1.3 million for the fourth quarter ended Dec. 31, up from $193,000 during the previous fourth quarter. Net income for the year rose by 78% to $3.3 million for the year ended Dec. 31, up from $1.8 million a year earlier.

Total assets rose by 24% to $471 million, up from $380 million the year before. Deposits rose by 29% to $415 million, up from $321 million. Net loans rose by 11% to $314 million, up from $283 million.