First National Corporation recently reported earnings of $1.7 million and earnings per share of 34 cents for the third quarter ended Sept. 30, an 18 percent increase compared to $1.4 million or 29 cents per share for the second quarter of 2016, according to a company press release.

“Earnings for the third quarter of 2015 were $398,000 or 8 cents per share,” bank officials said in the release.

First National operates banks in Farmville and Dillwyn.

“For the nine months ended September … reported earnings totaled $4.2 million or 86 cents per share, compared to $729 thousand or 15 cents per share for the nine months ended September 30, 2016,” officials said.

According to the release, year-to-date earnings for 2016 were “positively impacted by higher revenues from net interest income and non-interest income, combined with lower non-interest expenses. In addition, net income available to common shareholders was favorably impacted by the elimination of dividends on preferred stock.”

Year-to-date earnings for 2015 were negatively impacted by integration expenses totaling $897,000, according to the release.