NKSH / National Bankshares, Inc. - Pengajuan SECLaporan Tahunan, Pernyataan Proksi

National Bankshares, Inc.
US ˙ NasdaqCM ˙ US6348651091

Mga Batayang Estadistika
LEI 549300Q745S62Q6QNW78
CIK 796534
SEC Filings
All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file reports on a regular basis. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to National Bankshares, Inc.
SEC Filings (Chronological Order)
Halaman ini menyediakan daftar lengkap dan kronologis dari Pengajuan SEC, tidak termasuk pengajuan kepemilikan yang kami sediakan di tempat lain.
August 13, 2025 10-Q

10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-15204 NATIONAL

August 13, 2025 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended June 30, 2025, I, Lara Ramsey, Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Ac

August 13, 2025 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, Lara Ramsey, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with r

August 13, 2025 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wit

August 13, 2025 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended June 30, 2025, I, Lora M. Jones, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the

July 24, 2025 EX-99.1

National Bankshares, Inc. Reports Results for the First Half of 2025

EXHIBIT 99.1 FOR IMMEDIATE RELEASE CONTACTS: Lara Ramsey, President and CEO Lora M. Jones, Treasurer & CFO (540) 951-6250 [email protected] (540) 951-6238 [email protected] National Bankshares, Inc. Reports Results for the First Half of 2025 BLACKSBURG, VA., July 24, 2025 - National Bankshares, Inc. (“the Company”) (Nasdaq: NKSH), parent company of The National Bank of Blacksburg (“the Bank”) and

July 24, 2025 8-K

FORM 8-K Item 2.02 Results of Operations and Financial Condition. Item 9.01 Financial Statements and Exhibits.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 24, 2025 National Bankshares Inc. (Exact name of Registrant as Specified in Its Charter) Virginia 0-15204 54-1375874 (State or Other Jurisdiction of Incorporation) (Commission Fi

May 15, 2025 8-K

FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 15, 2025 National Bankshares Inc. (Exact name of Registrant as Specified in Its Charter) Virginia 0-15204 54-1375874 (State or Other Jurisdiction of Incorporation) (Commission Fil

May 14, 2025 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended March 31, 2025, I, F. Brad Denardo, Chairman and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the

May 14, 2025 8-K

FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 14, 2025 National Bankshares Inc. (Exact name of Registrant as Specified in Its Charter) Virginia 0-15204 54-1375874 (State or Other Jurisdiction of Incorporation) (Commission Fil

May 14, 2025 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended March 31, 2025, I, Lora M. Jones, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the

May 14, 2025 10-Q

10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-15204 NATIONA

May 14, 2025 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

May 14, 2025 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wit

May 14, 2025 EX-99.1

NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND

FOR IMMEDIATE RELEASE CONTACTS: F. BRAD DENARDO, CHAIRMAN & CEO (540) 951-6213 [email protected] LORA JONES, TREASURER & CFO (540) 951-6238 [email protected] NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND BLACKSBURG, VA, MAY 14, 2025: The Board of Directors of National Bankshares, Inc. (NASDAQ Capital Market: NKSH) today approved payment on June 2, 2025 of a semi-annual dividend of $0.7

April 24, 2025 8-K

FORM 8-K Item 2.02 Results of Operations and Financial Condition. Item 9.01 Financial Statements and Exhibits.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 24, 2025 National Bankshares Inc. (Exact name of Registrant as Specified in Its Charter) Virginia 0-15204 54-1375874 (State or Other Jurisdiction of Incorporation) (Commission F

April 24, 2025 EX-99.1

National Bankshares, Inc. Reports Results for the Three Months Ended March 31, 2025

EXHIBIT 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman & CEO Lora M. Jones, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6238 [email protected] National Bankshares, Inc. Reports Results for the Three Months Ended March 31, 2025 BLACKSBURG, VA., April 24, 2025 - National Bankshares, Inc. (“the Company”) (Nasdaq: NKSH), parent company of The National Bank of Blacksbur

April 16, 2025 EX-99.1

Successfully Executing Strategy to Drive Long-Term Value for All Shareholders National Bankshares Investor Presentation – 4th Quarter 2024

Successfully Executing Strategy to Drive Long-Term Value for All Shareholders National Bankshares Investor Presentation – 4th Quarter 2024 Forward-Looking Statements National Bankshares, Inc.

April 16, 2025 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 16, 2025 National Bankshares Inc. (Exact name of Registrant as Specified in Its Charter) Virginia 0-15204 54-1375874 (State or Other Jurisdiction of Incorporation) (Commission F

March 31, 2025 EX-99.1

National Bankshares, Inc. Announces Retirement of CEO F. Brad Denardo Effective June 30, 2025 and Appointment of Lara E. Ramsey as Successor

National Bankshares, Inc. Announces Retirement of CEO F. Brad Denardo Effective June 30, 2025 and Appointment of Lara E. Ramsey as Successor Blacksburg, Virginia, March 31, 2025 – National Bankshares, Inc. (the “Company”) (Nasdaq: NKSH) announced today that F. Brad Denardo, the Company’s Chief Executive Officer and Chairman, will retire from his position as Chief Executive Officer of the Company a

March 31, 2025 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 31, 2025 National Bankshares Inc. (Exact name of Registrant as Specified in Its Charter) Virginia 0-15204 54-1375874 (State or Other Jurisdiction of Incorporation) (Commission F

March 31, 2025 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)

March 28, 2025 EX-19.(I)

National Bankshares, Inc. Insider Trading Policy

Exhibit 19 NATIONAL BANKSHARES, INC. INSIDER TRADING POLICY Trading in the securities of National Bankshares, Inc. (the “Company”) by a director, officer, or employee of the Company while that person is aware of material non-public information, or providing material non-public information to others who purchase or sell securities based on such information, is a violation of the U.S. federal securi

March 28, 2025 EX-31.(I)

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, Chairman and Chief Executive Officer of National Bankshares, Inc., certify that: 1. I have reviewed this annual report on Form 10-K of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circum

March 28, 2025 EX-21

Subsidiaries of the Registrant

Exhibit 21 Subsidiaries of the Registrant Registrant: National Bankshares Inc. Incorporated under the laws of the Commonwealth of Virginia Subsidiaries of National Bankshares Inc.: The National Bank of Blacksburg Chartered under the laws of the United States National Bankshares Financial Services, Inc. Incorporated under the laws of the Commonwealth of Virginia NB Operating, Inc. Incorporated unde

March 28, 2025 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission File Number: 0-15204 NATIONAL B

March 28, 2025 EX-32.(II)

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32(ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Annual Report on Form 10-K of National Bankshares, Inc. for the year ended December 31, 2024, I, Lora M. Jones, Treasurer and Chief Financial Officer of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxle

March 28, 2025 EX-32.(I)

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32(i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Annual Report on Form 10-K of National Bankshares, Inc. for the year ended December 31, 2024, I, F. Brad Denardo, Chairman and Chief Executive Officer of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxle

March 28, 2025 EX-31.(II)

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, Treasurer and Chief Financial Officer of National Bankshares, Inc., certify that: 1. I have reviewed this annual report on Form 10-K of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circum

March 28, 2025 EX-10.(XIV)

Form of Performance-Based Restricted Stock Unit

Exhibit 10 NATIONAL BANKSHARES, INC. 2023 Stock Incentive Plan Performance-Based Restricted Stock Unit Award Agreement THIS AWARD AGREEMENT, dated as of February , 2024, between NATIONAL BANKSHARES, INC., a Virginia corporation (the “Company”), and (“Participant”), is made pursuant and subject to the provisions of the National Bankshares, Inc. 2023 Stock Incentive Plan (the “Plan”). All capitalize

January 23, 2025 EX-99.1

National Bankshares, Inc. Reports Results for the Fourth Quarter and Twelve Months Ended December 31, 2024

EXHIBIT 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman and CEO Lora M. Jones, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6238 [email protected] National Bankshares, Inc. Reports Results for the Fourth Quarter and Twelve Months Ended December 31, 2024 BLACKSBURG, VA., January 23, 2025 - National Bankshares, Inc. (“the Company”) (Nasdaq: NKSH), parent company of The

January 23, 2025 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2025 National Bankshares Inc. (Exact name of Registrant as Specified in Its Charter) Virginia 0-15204 54-1375874 (State or Other Jurisdiction of Incorporation) (Commission

November 13, 2024 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 13, 2024 National Bankshares Inc. (Exact name of Registrant as Specified in Its Charter) Virginia 0-15204 54-1375874 (State or Other Jurisdiction of Incorporation) (Commissio

November 13, 2024 EX-99.1

NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. BRAD DENARDO, CHAIRMAN, PRESIDENT & CEO (540) 951-6213 [email protected] LORA JONES, TREASURER & CFO (540) 951-6238 [email protected] NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND BLACKSBURG, VA, NOVEMBER 13, 2024: The Board of Directors of National Bankshares, Inc. (NASDAQ Capital Market: NKSH) today approved payment on December 2, 2024

November 13, 2024 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

November 13, 2024 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended September 30, 2024, I, F. Brad Denardo, Chairman, President and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Sec

November 13, 2024 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended September 30, 2024, I, Lora M. Jones, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of

November 13, 2024 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wit

November 13, 2024 EX-10.1

Advisory Services Agreement, dated June 1, 2024 by and between Alan J. Sweet and National Bankshares, Inc.

Exhibit 10(i) ADVISORY SERVICES AGREEMENT THIS ADVISORY SERVICES AGREEMENT (this “Agreement”) is entered into by and between Alan J.

November 13, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-15204 NAT

October 24, 2024 EX-99.1

National Bankshares, Inc. Reports Results for the Third Quarter and Nine Months Ended September 30, 2024

EXHIBIT 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO Lora M. Jones, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6238 [email protected] National Bankshares, Inc. Reports Results for the Third Quarter and Nine Months Ended September 30, 2024 BLACKSBURG, VA., October 24, 2024 - National Bankshares, Inc. (“the Company”) (Nasdaq: NKSH), parent company

October 24, 2024 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 24, 2024 National Bankshares Inc. (Exact name of Registrant as Specified in Its Charter) Virginia 0-15204 54-1375874 (State or Other Jurisdiction of Incorporation) (Commission

October 18, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 18, 2024 National Bankshares Inc. (Exact name of Registrant as Specified in Its Charter) Virginia 0-15204 54-1375874 (State or Other Jurisdiction of Incorporation) (Commission

August 14, 2024 EX-10.I

Advisory Services Agreement, dated June 1, 2024, by and between Alan J. Sweet and National Bankshares, Inc.

Exhibit 10(i) ADVISORY SERVICES AGREEMENT THIS ADVISORY SERVICES AGREEMENT (this “Agreement”) is entered into by and between Alan J.

August 14, 2024 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

August 14, 2024 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended June 30, 2024, I, F. Brad Denardo, Chairman, President and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section

August 14, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-15204 NATIONAL

August 14, 2024 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wit

August 14, 2024 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended June 30, 2024, I, Lora M. Jones, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the

July 25, 2024 EX-99.1

National Bankshares, Inc. Reports Results for the First Half of 2024

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO (540) 951-6213 [email protected] Lora M. Jones, Treasurer & CFO (540) 951-6238 [email protected] National Bankshares, Inc. Reports Results for the First Half of 2024 BLACKSBURG, VA., July 25, 2024 - National Bankshares, Inc. (“the Company”) (Nasdaq: NKSH), parent company of The National Bank of Blacksburg (“t

July 25, 2024 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 25, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission Fi

July 10, 2024 EX-3.2

Amended and Restated Bylaws of National Bankshares, Inc.

Exhibit 3.2 AMENDED AND RESTATED BYLAWS OF NATIONAL BANKSHARES, INC BLACKSBURG, VIRGINIA (as amended and restated July 10, 2024) ARTICLE I. SHAREHOLDERS SECTION 1.1. Annual Meeting. The annual meeting of the shareholders to elect directors and for the transaction of such other business as may properly come before the meeting shall be held on the second Tuesday in May each year, or on such other da

July 10, 2024 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 -12-31 Date of Report (Date of earliest event reported): July 8, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commis

June 12, 2024 EX-3.2

Amended and Restated Bylaws of National Bankshares, Inc.

Exhibit 3.2 AMENDED AND RESTATED BYLAWS OF NATIONAL BANKSHARES, INC BLACKSBURG, VIRGINIA (as amended and restated June 12, 2024) ARTICLE I. SHAREHOLDERS SECTION 1.1. Annual Meeting. The annual meeting of the shareholders to elect directors and for the transaction of such other business as may properly come before the meeting shall be held on the second Tuesday in May each year, or on such other da

June 12, 2024 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

-12-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934s Date of Report (Date of earliest event reported) June 12, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commi

June 3, 2024 8-K

Financial Statements and Exhibits, Completion of Acquisition or Disposition of Assets, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 1, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission Fi

June 3, 2024 EX-99.1

National Bankshares, Inc. Completes Acquisition of Frontier Community Bank

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO Lora M. Jones, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6238 [email protected] National Bankshares, Inc. Completes Acquisition of Frontier Community Bank BLACKSBURG, VA, June 3, 2024 – National Bankshares, Inc. (Nasdaq: NKSH - “National Bankshares” or the “Company”), the holding company for

May 16, 2024 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 16, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission Fil

May 15, 2024 EX-99.1

NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. BRAD DENARDO, CHAIRMAN, PRESIDENT & CEO (540) 951-6213 [email protected] LORA JONES, TREASURER & CFO (540) 951-6238 [email protected] NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND BLACKSBURG, VA, MAY 15, 2024: The Board of Directors of National Bankshares, Inc. (NASDAQ Capital Market: NKSH) today approved payment on June 3, 2024 of a semi

May 15, 2024 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended March 31, 2024, I, F. Brad Denardo, Chairman, President and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section

May 15, 2024 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended March 31, 2024, I, Lora M. Jones, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the

May 15, 2024 8-K

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

UNITED STATES SECURITIES AND EXCHANGE COMMISSION -12-31 Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934s Date of Report (Date of earliest event reported) May 15, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commis

May 15, 2024 EX-3.2

Amended and Restated Bylaws of National Bankshares, Inc.

Exhibit 3.2 AMENDED AND RESTATED BYLAWS OF NATIONAL BANKSHARES, INC BLACKSBURG, VIRGINIA (as amended and restated May 14, 2024) ARTICLE I. SHAREHOLDERS SECTION 1.1. Annual Meeting. The annual meeting of the shareholders to elect directors and for the transaction of such other business as may properly come before the meeting shall be held on the second Tuesday in May each year, or on such other dat

May 15, 2024 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 15, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission Fil

May 15, 2024 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

May 15, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-15204 NATIONAL

May 15, 2024 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wit

May 2, 2024 EX-99.1

National Bankshares, Inc. Investor Presentation.

Exhibit 99.1

May 2, 2024 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 2, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission Fil

April 25, 2024 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 25, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission F

April 25, 2024 EX-99.1

National Bankshares, Inc. Reports Results for the First Quarter of 2024

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO Lora M. Jones, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6238 [email protected] National Bankshares, Inc. Reports Results for the First Quarter of 2024 BLACKSBURG, VA., April 25, 2024 - National Bankshares, Inc. (“the Company”) (Nasdaq: NKSH), parent company of The National Bank of Blacksburg

April 11, 2024 424B3

PROPOSED MERGER – YOUR VOTE IS VERY IMPORTANT

Table of Contents Filed Pursuant to Rule 424(b)(3) Registration Statement No. 333-278309 PROPOSED MERGER – YOUR VOTE IS VERY IMPORTANT Dear Fellow Shareholders of Frontier Community Bank: You are cordially invited to attend a special meeting of shareholders of Frontier Community Bank (“Frontier”) to be held at 10:00 a.m. Eastern time, on May 28, 2024 at Frontier’s headquarters office located at 40

April 8, 2024 CORRESP

April 8, 2024

April 8, 2024 BY EDGAR TRANSMISSION Division of Corporation Finance Securities and Exchange Commission 100 F Street, NE Washington, D.

April 8, 2024 S-4/A

As filed with the Securities and Exchange Commission on April 8, 2024

Table of Contents As filed with the Securities and Exchange Commission on April 8, 2024 Registration No.

March 28, 2024 S-4

As filed with the Securities and Exchange Commission on March 28, 2024

Table of Contents As filed with the Securities and Exchange Commission on March 28, 2024 Registration No.

March 28, 2024 EX-99.4

Consent of Alan J. Sweet.*

Exhibit 99.4 CONSENT OF ALAN J. SWEET March 28, 2024 Pursuant to Rule 438 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), I hereby consent to my being named in the Registration Statement on Form S-4 of National Bankshares, Inc. (the “Company”) filed on the date hereof and all amendments thereto (the “Registration Statement”), and any related prospectus filed pursua

March 28, 2024 EX-FILING FEES

Filing Fee Table.*

Exhibit 107.1 Calculation of Filing Fee Tables Form S-4 (Form Type) National Bankshares, Inc. (Exact Name of Registrant Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title(1) Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration

March 28, 2024 EX-4.1

Specimen copy of certificate for National Bankshares, Inc. common stock.*

  NATIONAL BANKSHARES, INC. The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT -              Custodian                    (Cust)           (Minor)     TEN ENT - as tenants by the entireties under Uniform Gi

March 28, 2024 EX-99.3

Form of Frontier Community Bank proxy card.*

Exhibit 99.3 FORM OF PROXY [●] shares SPECIAL MEETING OF SHAREHOLDERS OF FRONTIER COMMUNITY BANK This Proxy is solicited on behalf of the Board of Directors The undersigned hereby appoints [●] and [●] as proxies, and each or either of them with full power of substitution, to represent and vote all shares of Frontier Community Bank (the “Bank”) held by the undersigned at the Special Meeting of Shar

March 28, 2024 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)

March 28, 2024 EX-99.2

Consent of Performance Trust Capital Partners, LLC.*

Exhibit 99.2 March 28, 2024 Consent of Performance Trust Capital Partners, LLC Performance Trust Capital Partners, LLC hereby consents to the inclusion of our opinion letter to the board of directors of Frontier Community Bank as an Appendix to, and the references to our firm and such opinion in, the proxy statement/prospectus that is part of the Registration Statement on Form S-4 (the “Registrati

March 20, 2024 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 20, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission

March 20, 2024 EX-99.1

National Bankshares, Inc. Investor Presentation.

Exhibit 99.1

March 19, 2024 EX-4.2

Exhibit 4(ii)

Exhibit 4(ii) DESCRIPTION OF NATIONAL BANKSHARES, INC.’S SECURITIES The common stock of National Bankshares, Inc. (“NBI”) is the only class of NBI’s securities registered under Section 12 of the Securities Exchange Act of 1934. The following summary description of the material features of the common stock of NBI does not purport to be complete and is subject to, and qualified in its entirety by re

March 19, 2024 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission File Number: 0-15204 NATIONAL B

March 19, 2024 EX-97.1

National Bankshares, Inc. Clawback Policy

Exhibit 97.1 NATIONAL BANKSHARES, INC. CLAWBACK POLICY Introduction The Board of Directors (the “Board”) of National Bankshares, Inc. (the “Company”) believes that it is in the best interests of the Company and its shareholders to create and maintain a culture that emphasizes integrity and accountability and that reinforces the Company’s pay-for-performance compensation philosophy. The Board has t

March 19, 2024 EX-21

Subsidiaries of the Registrant

Exhibit 21 Subsidiaries of the Registrant Registrant: National Bankshares Inc. Incorporated under the laws of the Commonwealth of Virginia Subsidiaries of National Bankshares Inc.: The National Bank of Blacksburg Chartered under the laws of the United States National Bankshares Financial Services, Inc. Incorporated under the laws of the Commonwealth of Virginia NB Operating, Inc. Incorporated unde

February 13, 2024 SC 13G

NKSH / National Bankshares, Inc. / VANGUARD GROUP INC - SCHEDULE 13G Passive Investment

SC 13G 1 tv01512-nationalbanksharesin.htm SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 Name of issuer: National Bankshares Inc Title of Class of Securities: Common Stock CUSIP Number: 634865109 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule purs

January 25, 2024 EX-99.1

National Bankshares, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO Lora M. Jones, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6238 [email protected] National Bankshares, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023 BLACKSBURG, VA., January 25, 2024 - National Bankshares, Inc. (“the Company”) (Nasdaq: NKSH), parent company of The

January 25, 2024 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 25, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission

January 24, 2024 EX-99.3

National Bankshares, Inc. Announces Agreement to Acquire Frontier Community Bank

Exhibit 99.3 National Bankshares, Inc. Announces Agreement to Acquire Frontier Community Bank Blacksburg, Va. and Waynesboro, Va., January 24, 2024 – National Bankshares, Inc. (“National Bankshares” or the “Company”) (Nasdaq: NKSH) and Frontier Community Bank (“Frontier”) jointly announced today that they have entered into a definitive merger agreement for National Bankshares to acquire Frontier.

January 24, 2024 EX-3.2

Amended and Restated Bylaws of National Bankshares, Inc.

Exhibit 3.2 AMENDED AND RESTATED BYLAWS OF NATIONAL BANKSHARES, INC BLACKSBURG, VIRGINIA (as amended and restated January 23, 2024) ARTICLE I. SHAREHOLDERS SECTION 1.1. Annual Meeting. The annual meeting of the shareholders to elect directors and for the transaction of such other business as may properly come before the meeting shall be held on the second Tuesday in May each year, or on such other

January 24, 2024 425

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2024 NATIONAL BANKSHA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commissio

January 24, 2024 EX-2.1

Agreement and Plan of Merger, dated as of January 23, 2024, by and among National Bankshares, Inc., The National Bank of Blacksburg and Frontier Community Bank

Exhibit 2.1 AGREEMENT AND PLAN OF MERGER by and among NATIONAL BANKSHARES, INC., THE NATIONAL BANK OF BLACKSBURG and FRONTIER COMMUNITY BANK January 23, 2024 TABLE OF CONTENTS Page ARTICLE 1 THE MERGER AND RELATED MATTERS 1 1.1 The Merger 1 1.2 Effective Time; Closing 3 1.3 Corporate Governance and Related Matters 3 1.4 Articles of Incorporation and Bylaws of Parent 4 1.5 Tax Treatment of the Merg

January 24, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2024 NATIONAL BANKSHA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2024 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commissio

January 24, 2024 EX-99.2

Forward-Looking Statements Disclosure Certain statements in this presentation may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are no

Exhibit 99.2 Announcing the Acquisition of Frontier Community Bank Merger Investor Presentation – January 24, 2024 Forward-Looking Statements Disclosure Certain statements in this presentation may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i)

January 24, 2024 EX-99.1

FORM OF SUPPORT AND NON-COMPETITION AGREEMENT

Exhibit 99.1 FORM OF SUPPORT AND NON-COMPETITION AGREEMENT THIS SUPPORT AND NON-COMPETITION AGREEMENT (the “Agreement”), dated as of January 23, 2024, is by and among National Bankshares, Inc., a Virginia corporation (“Parent”), Frontier Community Bank, a Virginia banking corporation (“FCB”), and the shareholder of FCB identified on the signature page hereto in such Shareholder’s capacity as a sha

November 8, 2023 EX-99.1

NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. BRAD DENARDO, CHAIRMAN, PRESIDENT & CEO (540) 951-6213 [email protected] LORA JONES, TREASURER & CFO (540) 951-6238 [email protected] NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND BLACKSBURG, VA, NOVEMBER 8, 2023: The Board of Directors of National Bankshares, Inc. (NASDAQ Capital Market: NKSH) today approved payment on December 1, 2023 o

November 8, 2023 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) November 8, 2023 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission

November 8, 2023 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

November 8, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-15204 NATI

November 8, 2023 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wit

November 8, 2023 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended September 30, 2023, I, F. Brad Denardo, Chairman, President and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Sec

November 8, 2023 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended September 30, 2023, I, Lora M. Jones, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of

October 27, 2023 EX-99.1

National Bankshares, Inc. Investor Presentation.

Exhibit 99.1

October 27, 2023 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 27, 2023 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commissio

October 26, 2023 EX-99.1

National Bankshares, Inc. Reports Results for the Third Quarter and Nine Months Ended September 30, 2023

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO Lora M. Jones, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6238 [email protected] National Bankshares, Inc. Reports Results for the Third Quarter and Nine Months Ended September 30, 2023 BLACKSBURG, VA., October 26, 2023 - National Bankshares, Inc. (“the Company”) (Nasdaq: NKSH), parent company

October 26, 2023 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) October 26, 2023 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission

October 11, 2023 EX-10.3

Executive Employment Agreement, dated October 11, 2023, by and between National Bankshares Inc. and The National Bank of Blacksburg, and Bobby D. Sanders, II

Exhibit No. 10.3 EXECUTIVE EMPLOYMENT AGREEMENT THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of this 11th day of October, 2023 and effective October 11, 2023 (the “Effective Date”), by and between National Bankshares, Inc., a Virginia corporation (the “Company”) and its wholly owned subsidiary, The National Bank of Blacksburg, a national banking association (the “Bank”), an

October 11, 2023 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 11, 2023 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commissio

October 11, 2023 EX-10.2

Executive Employment Agreement, dated October 11, 2023, by and between National Bankshares Inc. and Lora M. Jones

Exhibit No. 10.2 EXECUTIVE EMPLOYMENT AGREEMENT THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of this 11th day of October, 2023 and effective October 11, 2023 (the “Effective Date”), by and between National Bankshares, Inc., a Virginia corporation (the “Company”), and Lora M. Jones (the “Executive”). WHEREAS, the Company considers the availability of the Executive’s services

October 11, 2023 EX-10.1

Executive Employment Agreement, dated October 11, 2023, by and between National Bankshares Inc. and Lara E. Ramsey

Exhibit No. 10.1 EXECUTIVE EMPLOYMENT AGREEMENT THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of this 11th day of October, 2023 and effective October 11, 2023 (the “Effective Date”), by and between National Bankshares, Inc., a Virginia corporation (the “Company”), and Lara E. Ramsey (the “Executive”). WHEREAS, the Company considers the availability of the Executive’s service

August 9, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-15204 NATIONAL

August 9, 2023 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

August 9, 2023 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended June 30, 2023, I, Lora M. Jones, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the

August 9, 2023 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended June 30, 2023, I, F. Brad Denardo, Chairman, President and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section

August 9, 2023 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wit

July 20, 2023 EX-99.1

National Bankshares, Inc. Reports Results for the Second Quarter and First Half of 2023

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO Lora M. Jones, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6238 [email protected] National Bankshares, Inc. Reports Results for the Second Quarter and First Half of 2023 BLACKSBURG, VA., July 20, 2023 - National Bankshares, Inc. (“the Company”) (Nasdaq: NKSH), parent company of The National Ban

July 20, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 20, 2023 NATIONAL BANKSHARES,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 20, 2023 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission Fi

June 7, 2023 S-8

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 NATIONAL BANKSHARES, INC. (Exact name of registrant as specified in its charter)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 NATIONAL BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 54-1375874 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 101 Hubbard Street Blacksburg, Virginia 24060 (Address of prin

June 7, 2023 EX-FILING FEES

Filing Fee Table.*

Exhibit 107.1 Calculation of Filing Fee Table Form S-8 Registration Statement under the Securities Act of 1933 (Form Type) National Bankshares, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered Securities Security Type Security Class Title Fee Calculation Rule Amount Registered (1) Proposed Maximum Offering Price Per Unit (2) Maximum Aggregate Offering Price (1)

May 11, 2023 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wit

May 11, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 11, 2023 NATIONAL BANKSHARES,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 11, 2023 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission Fil

May 11, 2023 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

May 11, 2023 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended March 31, 2023, I, F. Brad Denardo, Chairman, President and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section

May 11, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to NATIONAL BANKSHARES, INC. (Exact name

May 11, 2023 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended March 31, 2023, I, Lora M. Jones, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the

May 10, 2023 EX-99.1

NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. BRAD DENARDO, CHAIRMAN, PRESIDENT & CEO (540) 951-6213 [email protected] LORA JONES, TREASURER & CFO (540) 951-6238 [email protected] NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND BLACKSBURG, VA, MAY 10, 2023: The Board of Directors of National Bankshares, Inc. (NASDAQ Capital Market: NKSH) today approved payment on June 1, 2023 of a semi

May 10, 2023 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 10, 2023 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission Fil

May 8, 2023 EX-99.1

National Bankshares, Inc. Investor Presentation.

Exhibit 99.1

May 8, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 8, 2023 NATIONAL BANKSHARES,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 8, 2023 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission Fil

April 20, 2023 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 20, 2023 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission F

April 20, 2023 EX-99.1

National Bankshares, Inc. Reports Results for the First Quarter of 2023

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO (540) 951-6213 [email protected] Lora M. Jones, Treasurer & CFO (540) 951-6238 [email protected] National Bankshares, Inc. Reports Results for the First Quarter of 2023 BLACKSBURG, VA., April 20, 2023 - National Bankshares, Inc. (“the Company”) (Nasdaq: NKSH), parent company of The National Bank of Blacksburg

April 10, 2023 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy State

March 31, 2023 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy State

March 31, 2023 EX-99.1

FOR IMMEDIATE RELEASE

EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE National Bankshares, Inc. Receives Withdrawal of Driver Management Company Board Nominees BLACKSBURG, VA., March 31, 2023 — National Bankshares, Inc. (the “Company”) (Nasdaq: NKSH) announced that Driver Management Company LLC (“Driver”) has withdrawn its nominees for the Company’s Board of Directors (the “Board”). The withdrawal of Driver’s nominees is no

March 31, 2023 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 31, 2023 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission

March 27, 2023 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Pro

March 24, 2023 DEFC14A

National Bankshares, Inc. 2023 Stock Incentive Plan (incorporated by reference to Appendix A of the Proxy Statement for the Annual Meeting of Shareholders held on May 9, 2023, filed on March 24, 2023).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy State

March 24, 2023 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Pro

March 15, 2023 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Ame

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☐ Filed by a Party other than the Registrant ☒ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confide

March 10, 2023 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, Treasurer and Chief Financial Officer of National Bankshares, Inc., certify that: 1. I have reviewed this annual report on Form 10-K of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circum

March 10, 2023 PREC14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

PREC14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a party other than the Registrant ☐ Check the appropriate box: ☒ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Pro

March 10, 2023 EX-4.II

Description of National Bankshares, Inc.’s Securities

Exhibit 4(ii) DESCRIPTION OF NATIONAL BANKSHARES, INC.’S SECURITIES As of December 31, 2022, the common stock of National Bankshares, Inc. (“NBI”) was the only class of its securities registered under Section 12 of the Securities Exchange Act of 1934. The following summary description of the material features of the common stock of NBI does not purport to be complete and is subject to, and qualifi

March 10, 2023 EX-21

Subsidiaries of the Registrant

Exhibit 21 Subsidiaries of the Registrant Registrant: National Bankshares Inc. Incorporated under the laws of the Commonwealth of Virginia Subsidiaries of National Bankshares Inc.: The National Bank of Blacksburg Chartered under the laws of the United States National Bankshares Financial Services, Inc. Incorporated under the laws of the Commonwealth of Virginia NB Operating, Inc. Incorporated unde

March 10, 2023 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2022 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission File Number: 0-15204 NATIONAL B

March 10, 2023 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32(i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Annual Report on Form 10-K of National Bankshares, Inc. for the year ended December 31, 2022, I, F. Brad Denardo, President and Chief Executive Officer of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxl

March 10, 2023 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit No. 31(i) CERTIFICATIONS I, F. Brad Denardo, President and Chief Executive Officer of National Bankshares, Inc., certify that: 1. I have reviewed this annual report on Form 10-K of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the c

March 10, 2023 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32(ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Annual Report on Form 10-K of National Bankshares, Inc. for the year ended December 31, 2022, I, Lora M. Jones, Treasurer and Chief Financial Officer of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxle

February 3, 2023 PREC14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Ame

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☐ Filed by a Party other than the Registrant ☒ Check the appropriate box: ☒ Preliminary Proxy Statement ☐ Confide

February 2, 2023 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) February 2, 2023 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission

February 2, 2023 EX-99.1

National Bankshares, Inc. Reports Results for the Fourth Quarter and Twelve Months Ended December 31, 2022

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO (540) 951-6213 [email protected] Lora M. Jones, Treasurer & CFO (540) 951-6238 [email protected] National Bankshares, Inc. Reports Results for the Fourth Quarter and Twelve Months Ended December 31, 2022 BLACKSBURG, VA., February 2, 2023 - National Bankshares, Inc. (“the Company”) (Nasdaq: NKSH), parent compa

January 11, 2023 EX-99.1

NATIONAL BANKSHARES, INC. DECLARES SPECIAL DIVIDEND

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. BRAD DENARDO, CHAIRMAN, PRESIDENT & CEO (540) 951-6213 [email protected] LORA JONES, TREASURER & CFO (540) 951-6238 [email protected] NATIONAL BANKSHARES, INC. DECLARES SPECIAL DIVIDEND BLACKSBURG, VA, January 11, 2023: National Bankshares, Inc. (NASDAQ: NKSH) (the “Company”) announced today that its Board of Directors has declared a one-time, spec

January 11, 2023 EX-3.2

Amended and Restated Bylaws of National Bankshares, Inc.

Exhibit 3.2 AMENDED AND RESTATED BYLAWS OF NATIONAL BANKSHARES, INC BLACKSBURG, VIRGINIA (as amended and restated January 11, 2023) ARTICLE I. SHAREHOLDERS SECTION 1.1. Annual Meeting. The annual meeting of the shareholders to elect directors and for the transaction of such other business as may properly come before the meeting shall be held on the second Tuesday in May each year, or on such other

January 11, 2023 8-K

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits, Other Events

-12-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 11, 2023 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Com

November 9, 2022 EX-99.1

NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. BRAD DENARDO, CHAIRMAN, PRESIDENT & CEO (540) 951-6213 [email protected] LORA JONES, TREASURER & CFO (540) 951-6238 [email protected] NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND BLACKSBURG, VA, NOVEMBER 9, 2022: The Board of Directors of National Bankshares, Inc. (NASDAQ Capital Market: NKSH) today approved payment on December 1, 2022 o

November 9, 2022 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

November 9, 2022 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended September 30, 2022, I, F. Brad Denardo, Chairman, President and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Sec

November 9, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to NATIONAL BANKSHARES, INC. (Exact n

November 9, 2022 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) November 9, 2022 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission

November 9, 2022 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended September 30, 2022, I, Lora M. Jones, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of

November 9, 2022 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wit

October 20, 2022 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) October 20, 2022 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission

October 20, 2022 EX-99.1

National Bankshares, Inc. Reports Income for the Third Quarter and Nine Months Ended September 30, 2022

EX-99.1 2 ex433218.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO Lora M. Jones, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6238 [email protected] National Bankshares, Inc. Reports Income for the Third Quarter and Nine Months Ended September 30, 2022 BLACKSBURG, VA., October 20, 2022 - National Bankshares, Inc. (NASDAQ: NK

August 10, 2022 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended June 30, 2022, I, F. Brad Denardo, Chairman, President and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section

August 10, 2022 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wit

August 10, 2022 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended June 30, 2022, I, Lora M. Jones, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the

August 10, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to NATIONAL BANKSHARES, INC. (Exact name o

August 10, 2022 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

July 19, 2022 EX-99.1

National Bankshares, Inc. Reports Second Quarter and First Half Earnings

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO Lora M. Jones, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6238 [email protected] National Bankshares, Inc. Reports Second Quarter and First Half Earnings BLACKSBURG, VA., July 19, 2022 - National Bankshares, Inc. (NASDAQ: NKSH), parent company of The National Bank of Blacksburg, today announce

July 19, 2022 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 19, 2022 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission Fi

May 12, 2022 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 12, 2022 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission Fil

May 11, 2022 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, Lora M. Jones, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wit

May 11, 2022 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

May 11, 2022 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Quarterly Report on Form 10-Q of National Bankshares, Inc. for the quarter ended March 31, 2022, I, F. Brad Denardo, President and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant

May 11, 2022 EX-99.1

NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. BRAD DENARDO, CHAIRMAN, PRESIDENT & CEO (540) 951-6213 [email protected] LORA JONES, TREASURER & CFO (540) 951-6222 [email protected] NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND BLACKSBURG, VA, MAY 11, 2022: The Board of Directors of National Bankshares, Inc. (NASDAQ Capital Market: NKSH) today approved payment on June 1, 2022 of a semi

May 11, 2022 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 11, 2022 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission Fil

May 11, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-15204 NATIONA

May 11, 2022 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Quarterly Report on Form 10-Q of National Bankshares, Inc. for the quarter ended March 31, 2022, I, Lora M. Jones, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant t

May 2, 2022 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 2, 2022 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission File

April 25, 2022 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 25, 2022 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission F

April 25, 2022 EX-99.1

Annual Meeting Attendance Postcard, dated April 25, 2022.

Exhibit 99.1

April 21, 2022 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 21, 2022 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission F

April 21, 2022 EX-99.1

National Bankshares, Inc. Reports First Quarter Earnings

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO David K. Skeens, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6347 [email protected] National Bankshares, Inc. Reports First Quarter Earnings BLACKSBURG, VA., April 21, 2022 - National Bankshares, Inc. (NASDAQ: NKSH), parent company of The National Bank of Blacksburg, today announced its result

March 30, 2022 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ? Filed by a Party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)

March 17, 2022 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) March 17, 2022 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission F

March 11, 2022 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32(i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Annual Report on Form 10-K of National Bankshares, Inc. for the year ended December 31, 2021, I, F. Brad Denardo, President and Chief Executive Officer of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxl

March 11, 2022 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32(ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Annual Report on Form 10-K of National Bankshares, Inc. for the year ended December 31, 2021, I, David K. Skeens, Treasurer and Chief Financial Officer of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Ox

March 11, 2022 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ? Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2021 ? Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission File Number: 0-15204 NATIONAL B

March 11, 2022 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit No. 31(i) CERTIFICATIONS I, F. Brad Denardo, President and Chief Executive Officer of National Bankshares, Inc., certify that: 1. I have reviewed this annual report on Form 10-K of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the c

March 11, 2022 EX-21

Subsidiaries of the Registrant

Exhibit 21 Subsidiaries of the Registrant Registrant: National Bankshares Inc. Incorporated under the laws of the Commonwealth of Virginia Subsidiaries of National Bankshares Inc.: The National Bank of Blacksburg Chartered under the laws of the United States National Bankshares Financial Services, Inc. Incorporated under the laws of the Commonwealth of Virginia NB Operating, Inc. Incorporated unde

March 11, 2022 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, David K. Skeens, Treasurer and Chief Financial Officer of National Bankshares, Inc., certify that: 1. I have reviewed this annual report on Form 10-K of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circ

March 11, 2022 EX-4.II

DESCRIPTION OF NATIONAL BANKSHARES, INC.’S SECURITIES

Exhibit 4(ii) DESCRIPTION OF NATIONAL BANKSHARES, INC.?S SECURITIES As of December 31, 2021, the common stock of National Bankshares, Inc. (?NBI?) was the only class of its securities registered under Section 12 of the Securities Exchange Act of 1934. The following summary description of the material features of the common stock of NBI does not purport to be complete and is subject to, and qualifi

February 3, 2022 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) February 3, 2022 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commission

February 3, 2022 EX-99.1

National Bankshares, Inc. Reports 2021 Earnings

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO David K. Skeens, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6347 [email protected] National Bankshares, Inc. Reports 2021 Earnings BLACKSBURG, VA., February 3, 2022 - National Bankshares, Inc. (NASDAQ: NKSH), parent company of The National Bank of Blacksburg, today announced its results of op

November 17, 2021 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) November 17, 2021 (November 15, 2021) NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incor

November 10, 2021 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

November 10, 2021 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, David K. Skeens, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading w

November 10, 2021 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) November 10, 2021 NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation) (Commissio

November 10, 2021 EX-99.1

NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. BRAD DENARDO, CHAIRMAN, PRESIDENT & CEO (540) 951-6213 [email protected] DAVID K. SKEENS, TREASURER & CFO (540) 951-6347 [email protected] NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND BLACKSBURG, VA, NOVEMBER 10, 2021: The Board of Directors of National Bankshares, Inc. (NASDAQ Capital Market: NKSH) today approved payment on December 1,

November 10, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to NATIONAL BANKSHARES, INC. (Exact n

November 10, 2021 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended September 30, 2021, I, David K. Skeens, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906

November 10, 2021 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended September 30, 2021, I, F. Brad Denardo, Chairman, President and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Sec

October 21, 2021 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) October 21, 2021 (October 21, 2021) NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorpo

October 21, 2021 EX-99.1

National Bankshares, Inc. Reports Income for the Third Quarter and Nine Months Ended September 30, 2021

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO David K. Skeens, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6347 [email protected] National Bankshares, Inc. Reports Income for the Third Quarter and Nine Months Ended September 30, 2021 BLACKSBURG, VA., October 21, 2021 - National Bankshares, Inc. (NASDAQ: NKSH), parent company of The Nation

August 20, 2021 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) August 16, 2021 (August 16, 2021) NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorpora

August 20, 2021 EX-10.2

First Amendment, dated August 16, 2021, to National Bankshares, Inc. Salary Continuation Agreement for Paul A. Mylum

Exhibit 10.2 THE NATIONAL BANK OF BLACKSBURG SALARY CONTINUATION AGREEMENT This Salary Continuation Agreement (the ?Agreement?) by and between The National Bank of Blacksburg, a nationally-chartered commercial bank located in Blacksburg, Virginia (hereinafter referred to as the ?Employer?), and Paul Mylum (hereinafter referred to as the ?Executive?), made as of the 24th day of May, 2013, formalize

August 20, 2021 EX-10.3

Fourth Amendment, dated August 16, 2021, to National Bankshares, Inc. Salary Continuation Agreement for Lara E. Ramsey

Exhibit 10.3 NATIONAL BANKSHARES, INC. SALARY CONTINUATION AGREEMENT THIS SALARY CONTINUATION AGREEMENT (the ?Agreement?) is adopted this 8th day of February, 2006, by and between NATIONAL BANKSHARES, INC., a Virginia corporation located in Blacksburg, Virginia (the ?Corporation?) and LARA E. RAMSEY (the ?Executive?). The purpose of this Agreement is to provide specified benefits to the Executive,

August 20, 2021 EX-10.1

Fourth Amendment, dated August 16, 2021, to National Bankshares, Inc. Salary Continuation Agreement for David K. Skeens

Exhibit 10.1 THE NATIONAL BANK OF BLACKSBURG Salary Continuation Agreement THE NATIONAL BANK OF BLACKSBURG SALARY CONTINUATION AGREEMENT THIS SALARY CONTINUATION AGREEMENT (the ?Agreement?) is adopted this 8th day of February, 2006, by and between THE NATIONAL BANK OF BLACKSBURG, a nationally-chartered commercial bank located in Blacksburg, Virginia (the ?Bank?) and DAVID K. SKEENS (the ?Executive

August 13, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to NATIONAL BANKSHARES, INC. (Exact name o

July 15, 2021 EX-99.1

National Bankshares, Inc. Reports Second Quarter and First Half Earnings

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO David K. Skeens, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6347 [email protected] National Bankshares, Inc. Reports Second Quarter and First Half Earnings BLACKSBURG, VA., July 15, 2021 - National Bankshares, Inc. (NASDAQ: NKSH), parent company of The National Bank of Blacksburg, today annou

July 15, 2021 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 15, 2021 (July 15, 2021) NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation

May 12, 2021 EX-99.1

NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. BRAD DENARDO, CHAIRMAN, PRESIDENT & CEO (540) 951-6213 [email protected] DAVID K. SKEENS, TREASURER & CFO (540) 951-6347 [email protected] NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND BLACKSBURG, VA, MAY 12, 2021: The Board of Directors of National Bankshares, Inc. (NASDAQ Capital Market: NKSH) today approved payment on June 1, 2021 of

May 12, 2021 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, David K. Skeens, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading w

May 12, 2021 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Quarterly Report on Form 10-Q of National Bankshares, Inc. for the quarter ended March 31, 2021, I, F. Brad Denardo, President and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant

May 12, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-15204 NATIONA

May 12, 2021 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Quarterly Report on Form 10-Q of National Bankshares, Inc. for the quarter ended March 31, 2021, I, David K. Skeens, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant

May 12, 2021 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 12, 2021 (May 11, 2021) NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation)

May 12, 2021 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 12, 2021 (May 12, 2021) NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation)

May 12, 2021 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

April 22, 2021 EX-99.1

National Bankshares, Inc. Reports First Quarter Earnings

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO David K. Skeens, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6347 [email protected] National Bankshares, Inc. Reports First Quarter Earnings BLACKSBURG, VA., April 22, 2021 - National Bankshares, Inc. (NASDAQ: NKSH), parent company of The National Bank of Blacksburg, today announced its result

April 22, 2021 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 22, 2021 (April 22, 2021) NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporati

April 14, 2021 EX-3.2

Amended and Restated Bylaws of National Bankshares, Inc.

Exhibit 3.2 AMENDED AND RESTATED BYLAWS OF NATIONAL BANKSHARES, INC BLACKSBURG, VIRGINIA Adopted November 24, 1993 Amended May 29, 1996 Amended November 14, 2007 Amended July 9, 2014 Amended March 8, 2017 Amended May 15, 2019 Amended May 12, 2021 ARTICLE I. SHAREHOLDERS SECTION 1.1. Annual Meeting. The annual meeting of the shareholders to elect and for the transaction of such other business as ma

April 14, 2021 8-K

Current Report

-12-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 14, 2021 (April 14, 2021) NATIONAL BANKSHARES, INC. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of inco

March 30, 2021 EX-31.II

Section 302 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, David K. Skeens, Treasurer and Chief Financial Officer of National Bankshares, Inc., certify that: 1. I have reviewed this annual report on Form 10-K/A of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the ci

March 30, 2021 DEF 14A

- FORM DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ? Filed by a Party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)

March 30, 2021 EX-31.I

Section 302 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, President and Chief Executive Officer of National Bankshares, Inc., certify that: 1. I have reviewed this annual report on Form 10-K/A of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the cir

March 30, 2021 EX-4.II

Specimen copy of certificate for National Bankshares, Inc. common stock

Exhibit 4(ii) DESCRIPTION OF NATIONAL BANKSHARES, INC.?S SECURITIES As of December 31, 2020, the common stock of National Bankshares, Inc. (?NBI?) was the only class of its securities registered under Section 12 of the Securities Exchange Act of 1934. The following summary description of the material features of the common stock of NBI does not purport to be complete and is subject to, and qualifi

March 30, 2021 10-K/A

Annual Report - FORM 10-K/A

-12-31 FY 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment No. 1) ? Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2020 ? Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission File Number: 0

March 18, 2021 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32(i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Annual Report on Form 10-K of National Bankshares, Inc. for the year ended December 31, 2020, I, F. Brad Denardo, President and Chief Executive Officer of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxl

March 18, 2021 EX-31.I

Section 906 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, President and Chief Executive Officer of National Bankshares, Inc., certify that: 1. I have reviewed this annual report on Form 10-K of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circu

March 18, 2021 EX-21

Subsidiaries of the Registrant

Exhibit 21 Subsidiaries of the Registrant Registrant: National Bankshares Inc. Incorporated under the laws of the Commonwealth of Virginia Subsidiaries of National Bankshares Inc.: The National Bank of Blacksburg Chartered under the laws of the United States National Bankshares Financial Services, Inc. Incorporated under the laws of the Commonwealth of Virginia NB Operating, Inc. Incorporated unde

March 18, 2021 10-K

Annual Report - FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ? Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2020 ? Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission File Number: 0-15204 NATIONAL B

March 18, 2021 EX-31.II

Section 906 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, David K. Skeens, Treasurer and Chief Financial Officer of National Bankshares, Inc., certify that: 1. I have reviewed this annual report on Form 10-K of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circ

March 18, 2021 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32(ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Annual Report on Form 10-K of National Bankshares, Inc. for the year ended December 31, 2020, I, David K. Skeens, Treasurer and Chief Financial Officer of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Ox

February 4, 2021 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) February 4, 2021 (February 4, 2021) National Bankshares, Inc. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorpo

February 4, 2021 EX-99.1

National Bankshares, Inc. Reports 2020 Earnings

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO David K. Skeens, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6347 [email protected] ,. National Bankshares, Inc. Reports 2020 Earnings BLACKSBURG, VA., February 4, 2021 - National Bankshares, Inc. (NASDAQ: NKSH), parent company of The National Bank of Blacksburg, today announced its results of

November 12, 2020 EX-99.1

NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. BRAD DENARDO, CHAIRMAN, PRESIDENT & CEO (540) 951-6213 [email protected] DAVID K. SKEENS, TREASURER & CFO (540) 951-6347 [email protected] NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND BLACKSBURG, VA, NOVEMBER 12, 2020: The Board of Directors of National Bankshares, Inc. (NASDAQ Capital Market: NKSH) today approved payment on December 1,

November 12, 2020 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) November 12, 2020 (November 12, 2020) National Bankshares, Inc. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incor

November 6, 2020 EX-32.II

18 U.S.C. Section 1350 Certification of Chief Financial Officer

Exhibit 32 (ii) CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended September 30, 2020, I, David K. Skeens, Treasurer and Chief Financial Officer (Principal Financial Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906

November 6, 2020 10-Q

Quarterly Report - FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to NATIONAL BANKSHARES, INC. (Exact n

November 6, 2020 EX-32.I

18 U.S.C. Section 1350 Certification of Chief Executive Officer

Exhibit 32 (i) CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 In connection with the Form 10-Q of National Bankshares, Inc. for the quarter ended September 30, 2020, I, F. Brad Denardo, Chairman, President and Chief Executive Officer (Principal Executive Officer) of National Bankshares, Inc., hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Sec

November 6, 2020 EX-31.II

Section 906 Certification of Chief Financial Officer

Exhibit 31(ii) CERTIFICATIONS I, David K. Skeens, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading w

November 6, 2020 EX-31.I

Section 906 Certification of Chief Executive Officer

Exhibit 31(i) CERTIFICATIONS I, F. Brad Denardo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of National Bankshares, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wi

October 22, 2020 EX-99.1

National Bankshares, Inc. Reports Income for Third Quarter and Nine Months Ended September 30, 2020

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO David K. Skeens, Treasurer & CFO (540) 951-6213 [email protected] (540) 951-6347 [email protected] National Bankshares, Inc. Reports Income for Third Quarter and Nine Months Ended September 30, 2020 BLACKSBURG, VA., October 22, 2020 - National Bankshares, Inc. (NASDAQ: NKSH), parent company of The National B

October 22, 2020 8-K

- FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) October 22, 2020 (October 22, 2020) National Bankshares, Inc. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorpo

August 10, 2020 10-Q

Quarterly Report - FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to NATIONAL BANKSHARES, INC. (Exact name o

July 16, 2020 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 16, 2020 (July 16, 2020) National Bankshares, Inc. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation

July 16, 2020 EX-99.1

National Bankshares, Inc. Reports Second Quarter and First Half Earnings

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACTS: F. Brad Denardo, Chairman, President & CEO (540) 951-6213 [email protected] David K. Skeens, Treasurer & CFO (540) 951-6347 [email protected] National Bankshares, Inc. Reports Second Quarter and First Half Earnings BLACKSBURG, VA., July 16, 2020 - National Bankshares, Inc. (NASDAQ: NKSH), parent company of The National Bank of Blacksburg, today annou

May 14, 2020 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 14, 2020 (May 12, 2020) National Bankshares, Inc. (Exact name of Registrant as specified in its charter) Virginia 0-15204 54-1375874 (State or other jurisdiction of incorporation)

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