Exhibit 99.1

Message to Our Stockholders:

I write to report the earnings for National Bankshares, Inc. for the third quarter of 2014. Because we have seen tremendous growth over the years in the use of technology and access to information, this publication will be the final quarterly “Message to Stockholders” that we print and mail to stockholders. In the future, stockholders may view our quarterly earnings releases on our website www.nationalbankshares.com.

For the period ended September 30, 2014, we reported net income of approximately $4.26 million for the three months ended September 30, 2014 compared to the $4.52 million reported for the same period in 2013. For the nine months ended September 30, 2014, your Company had net income of almost $12.78 million compared to $13.17 million reported for the first nine months of 2013. At September 30, 2014, the Company had total assets of $1.12 billion.

Basic earnings per share were $1.84 which compares with $1.90 reported for the nine months ended September 30, 2013. Basic earnings per share for the third quarter of 2014 were $0.61 which compares with $0.65 for the third quarter last year. At the end of the third quarter 2014, book value per share was $23.43 which compares to $21.06 last year. The return on average assets for the nine months ended September 30, 2014 was 1.53% compared to 1.61% in 2013. The return on average equity was 10.99% and 11.70% for the same two periods.

In summary, we have had a solid three quarters of earnings. We continue to see loan and deposit growth. Our loans are up over $5 million from September 2013, our interest expense has improved while non-interest expenses remain stable, and our efficiency ratio continues to compare very favorably with our peer financial institutions.

The Board of Directors, officers and employees remain focused on maintaining our commitment to our customers. Personalized service and local decision-making remain part of our community banking fundamentals and a key to our success. On behalf of all of us, I thank you for your support and your investment.

National Bankshares, Inc.

Board of Directors 

Mission Statement

National Bankshares, Inc. strives to be an exceptional community bank holding company dedicated to providing shareholder value by offering financial services to customers through subsidiary financial institutions and affiliated companies in an efficient, friendly, personalized and cost-effective manner. We recognize that to do this, our financial institutions must retain the ability to make decisions locally and must actively participate in the communities they serve. We are committed to offering competitive and fair employment opportunities and to maintaining the highest standards in all aspects of our business.

National Bankshares, Inc. and Subsidiaries

Consolidated Statements of Income

(Unaudited)

National Bankshares, Inc. and Subsidiaries

Consolidated Balance Sheets

(Unaudited)

This financial information is a high level review and discussion of recent performance and activities. For a full discussion, investors should refer to the 10/23/14 Earnings Press Release and our SEC Filings found at www.sec.gov and on the company’s web site at www.nationalbankshares.com.