First National Corp. reported net charge-offs for the fourth quarter ended December 31, 2012. Net charge-offs for the period decreased $7.4 million to $1.1 million compared to $8.5 million in the fourth quarter of 2011.

The allowance for loan losses totaled $13.1 million or 3.41% of total loans at December 31, 2012. This compared to an allowance for loan losses of $12.9 million, or 3.30% of total loans, at December 31, 2011.