NATIONAL BANKSHARES INC 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds   Purchases of Equity Securities by the Issuer Share repurchase activity during the three months ended September 30, 2022 was as follows:   Period   Total Number of Shares Purchased (1)     Average Price Paid Per Share     Total Number of Shares Purchased as Part of Publicly Announced Program (1)     Number of Shares that May Yet Be Purchased Under the Program (1)   July 1, 2022 – July 31, 2022     -     $ -       -       237,631   August 1, 2022 – August 31, 2022     7,500       33.73       7,500       230,131   September 1, 2022 – September 30, 2022     16,000       33.92       16,000       214,131   Total during third quarter 2022     23,500     $ 33.86       23,500             (1) In May 2022, the Company announced the Board of Directors had authorized a 250,000 share repurchase program. The authorization began June 1, 2022 and expires May 31, 2023. The Company’s share repurchase program does not obligate it to acquire any specific number of shares.   Item 3. Defaults Upon Senior Securities   None.   Item 4.   Mine Safety Disclosures   Not applicable.                     50 Table of Contents     Item 5.   Other Information   None.   Item 6.   Exhibits   Index of Exhibits     Exhibit No.   Description     3(i)   Amended and Restated Articles of Incorporation of National Bankshares, Inc.   (incorporated herein by reference to Exhibit 3.1 of the Form 8-K for filed on March 16, 2006) 3(ii)   Amended and Restated Bylaws of National Bankshares, Inc.   (incorporated herein by reference to Exhibit 3(ii) of the Form 8-K filed on April 14, 2021) 4   Specimen copy of certificate for National Bankshares, Inc. common stock   (incorporated herein by reference to Exhibit 4(a) of the Annual Report on Form 10-K for fiscal year ended December 31, 1993) +31(i)   Section 302 Certification of Chief Executive Officer   Filed herewith +31(ii)   Section 302 Certification of Chief Financial Officer   Filed herewith +32(i)   18 U.S.C. Section 1350 Certification of Chief Executive Officer   Filed herewith +32(ii)   18 U.S.C. Section 1350 Certification of Chief Financial Officer   Filed herewith +101   The following materials from National Bankshares, Inc.’s Quarterly Report on Form 10-Q for the period ended September 30, 2022 are formatted in iXBRL (Inline Extensible Business Reporting Language), furnished herewith: (i) Consolidated Balance Sheets at September 30, 2022 and December 31, 2021; (ii) Consolidated Statements of Income for the three and nine month periods ended September 30, 2022 and 2021; (iii) Consolidated Statements of Comprehensive (Loss) Income for the three and nine month periods ended September 30, 2022 and 2021; (iv) Consolidated Statements of Changes in Stockholders’ Equity for the three and nine months ended September 30, 2022 and 2021; (v) Consolidated Statements of Cash Flows for the nine months ended September 30, 2022 and 2021; and (vi) Notes to Consolidated Financial Statements.   Filed herewith 104   Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)   Filed herewith   51 Table of Contents     Signatures   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       NATIONAL BANKSHARES, INC.       Date: November 9, 2022 /s/ F. Brad Denardo     By: F. Brad Denardo Chairman, President and Chief Executive Officer (Principal Executive Officer)               Date: November 9,   2022 /s/ Lora M. Jones     By: Lora M. Jones Treasurer and Chief Financial Officer (Principal Financial Officer) (Principal Accounting Officer)     52