National Bankshares, Inc.
US ˙ NasdaqCM ˙ US6348651091

SecurityNKSH / National Bankshares, Inc.
InstitutionNorthern Trust Corp
Latest Disclosed Ownership47,643 shares
Latest Disclosed Value $ 1,734,682
Northern Trust Corp reports 5.80% increase in ownership of NKSH / National Bankshares, Inc.

On May 14, 2026 - Northern Trust Corp filed a 13F-HR form disclosing ownership of 47,643 shares of National Bankshares, Inc. (US:NKSH) valued at $1,734,682 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 45,031 shares of National Bankshares, Inc.. This represents a change in shares of 5.80% during the quarter. The current value of the position is $1,619,862 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F NATIONAL BANKSHARES INC VA COM 634865109 47,643 2,612 5.80 1,735 14.91 0.0002
2026-02-17 2025-12-31 13F NATIONAL BANKSHARES INC VA COM 634865109 45,031 -3,702 -7.60 1,510 5.23 0.0002
2025-11-14 2025-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 48,733 168 0.35 1,435 8.64 0.0002
2025-08-13 2025-06-30 13F NATIONAL BANKSHARES INC VA COM 634865109 48,565 16 0.03 1,321 2.17 0.0002
2025-05-13 2025-03-31 13F NATIONAL BANKSHARES INC VA COM 634865109 48,549 439 0.91 1,293 -6.44 0.0002
2025-02-14 2024-12-31 13F NATIONAL BANKSHARES INC VA COM 634865109 48,110 935 1.98 1,381 -2.06 0.0002
2024-11-13 2024-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 47,175 -1,055 -2.19 1,411 3.45 0.0002
2024-08-14 2024-06-30 13F NATIONAL BANKSHARES INC VA COM 634865109 48,230 -1,814 -3.62 1,364 -18.43 0.0002
2024-05-14 2024-03-31 13F NATIONAL BANKSHARES INC VA COM 634865109 50,044 1,469 3.02 1,672 6.37 0.0003
2024-02-13 2023-12-31 13F NATIONAL BANKSHARES INC VA COM 634865109 48,575 -437 -0.89 1,571 28.04 0.0003
2023-11-13 2023-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 49,012 31 0.06 1,227 -14.14 0.0002
2023-08-11 2023-06-30 13F NATIONAL BANKSHARES INC VA COM 634865109 48,981 35,269 257.21 1,430 231.55 0.0003
2023-05-15 2023-03-31 13F NATIONAL BANKSHARES INC VA COM 634865109 13,712 60 0.44 431 -21.64 0.0001
2023-02-13 2022-12-31 13F NATIONAL BANKSHARES INC VA COM 634865109 13,652 -17 -0.12 550 19.31 0.0001
2022-11-14 2022-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 13,669 -178 -1.29 461 6.22 0.0001
2022-08-12 2022-06-30 13F NATIONAL BANKSHARES INC VA COM 634865109 13,847 -94 -0.67 434 -16.22 0.0001
2022-05-13 2022-03-31 13F NATIONAL BANKSHARES INC VA COM 634865109 13,941 -563 -3.88 518 -0.19 0.0001
2022-02-08 2021-12-31 13F NATIONAL BANKSHARES INC VA COM 634865109 14,504 622 4.48 519 2.98 0.0001
2021-11-15 2021-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 13,882 -769 -5.25 504 -1.75 0.0001
2021-08-13 2021-06-30 13F NATIONAL BANKSHARES INC VA COM 634865109 14,651 -49,735 -77.25 513 -77.56 0.0001
2021-05-12 2021-03-31 13F NATIONAL BANKSHARES INC VA COM 634865109 64,386 -7,526 -10.47 2,286 1.51 0.0004
2021-02-11 2020-12-31 13F NATIONAL BANKSHARES INC VA COM 634865109 71,912 -3,709 -4.90 2,252 17.60 0.0004
2020-11-16 2020-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 75,621 -2,962 -3.77 1,915 -14.78 0.0004
2020-08-14 2020-06-30 13F NATIONAL BANKSHARES INC VA COM 634865109 78,583 -729 -0.92 2,247 -11.15 0.0005
2020-05-14 2020-03-31 13F NATIONAL BANKSHARES INC VA COM 634865109 79,312 2,036 2.63 2,529 -27.16 0.0007
2020-02-14 2019-12-31 13F NATIONAL BANKSHARES INC VA COM 634865109 77,276 -2,100 -2.65 3,472 9.22 0.0008
2019-11-13 2019-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 79,376 -2,270 -2.78 3,179 0.03 0.0008
2019-08-13 2019-06-30 13F NATIONAL BANKSHARES INC VA COM 634865109 81,646 -1,494 -1.80 3,178 -10.81 0.0008
2019-05-13 2019-03-31 13F NATIONAL BANKSHARES INC VA COM 634865109 83,140 1,887 2.32 3,563 20.33 0.0009
2019-02-12 2018-12-31 13F NATIONAL BANKSHARES INC VA COM 634865109 81,253 -404 -0.49 2,961 -20.21 0.0008
2018-11-14 2018-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 81,657 575 0.71 3,711 -1.36 0.0009
2018-09-18 2018-06-30 13F/A-1 NATIONAL BANKSHARES INC VA COM 634865109 81,082 -1,093 -1.33 3,762 1.62 0.0010
2018-08-14 2018-06-30 13F NATIONAL BANKSHARES INC VA COM 634865109 81,537 -638 3,783
2018-05-09 2018-03-31 13F NATIONAL BANKSHARES INC VA COM 634865109 82,175 -1,014 -1.22 3,702 -2.09 0.0010
2018-02-14 2017-12-31 13F NATIONAL BANKSHARES INC VA COM 634865109 83,189 -741 -0.88 3,781 0.21 0.0010
2017-11-13 2017-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 83,930 -264 -0.31 3,773 9.84 0.0010
2017-08-11 2017-06-30 13F NATIONAL BANKSHARES INC VA COM 634865109 84,194 3,082 3.80 3,435 12.77 0.0010
2017-05-12 2017-03-31 13F NATIONAL BANKSHARES INC VA COM 634865109 81,112 639 0.79 3,046 -12.90 0.0009
2017-02-13 2016-12-31 13F NATIONAL BANKSHARES INC VA COM 634865109 80,473 -4,383 -5.17 3,497 12.05 0.0011
2016-11-09 2016-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 84,856 548 0.65 3,121 5.98 0.0010
2016-08-12 2016-06-30 13F NATIONAL BANKSHARES INC VA COM 634865109 84,308 4,059 5.06 2,945 8.03 0.0010
2016-08-19 2016-03-31 13F/A-1 NATIONAL BANKSHARES INC VA COM 634865109 80,249 -75 -0.09 2,726 -4.52 0.0009
2016-05-13 2016-03-31 13F National Bankshares COMM 634865109 80,249 2,754
2016-02-12 2015-12-31 13F National Bankshares COMM 634865109 80,324 1,358 1.72 2,855 16.20 0.0009
2015-11-12 2015-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 78,966 78,966 0.00 2,457 0.0008
2015-08-13 2015-06-30 13F National Bankshares COMM 634865109 0 -148,996 -100.00 0 -100.00
2015-05-14 2015-03-31 13F National Bankshares COMM 634865109 148,996 10,883 7.88 4,446 5.91 0.0013
2015-02-12 2014-12-31 13F NATIONAL BANKSHARES INC VA COM 634865109 138,113 -1,532 -1.10 4,198 8.28 0.0013
2014-11-13 2014-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 139,645 3,253 2.39 3,877 -7.98 0.0012
2014-08-14 2014-06-30 13F NATIONAL BANKSHARES INC VA COM 634865109 136,392 -8,515 -5.88 4,213 -20.37 0.0013
2014-05-14 2014-03-31 13F NATIONAL BANKSHARES INC VA COM 634865109 144,907 -8,791 -5.72 5,291 -6.67 0.0017
2014-02-21 2013-12-31 13F/A-1 NATIONAL BANKSHARES INC VA COM 634865109 153,698 434 0.28 5,669 3.05 0.0018
2014-02-12 2013-12-31 13F NATIONAL BANKSHARES INC VA COM 634865109 153,698 5,669
2013-11-13 2013-09-30 13F NATIONAL BANKSHARES INC VA COM 634865109 153,264 4,684 3.15 5,501 4.23 0.0019
2013-08-09 2013-06-30 13F NATIONAL BANKSHARES INC VA COM 634865109 148,580 148,580 5,278 0.0019
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.