First Community Bank in Bluefield, Virginia (VA), WV, NC, TN



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First Community Bank
GeneralFDIC Certificate #: 13012
Status: Active
Federal Reserve ID: 2353595
Bank Holding Company (Regulatory Top Holder): First Community Bancshares, Inc. (RSSDID: 1478017, Location: Bluefield, VA)
Date Established: January 07, 1920
WWW: http://www.fcbresource.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 58 (Domestic: 58, Interstate: Yes)
OTS Docket #: 10818
FDIC's unique #: 8220
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 28, 2011
Last Structure Change Process Date: July 12, 2011
Last Data Update: July 12, 2011
Data Source Date: April 05, 2012
LocationAddress: 29 College Drive, Bluefield, VA 24605
County: Tazewell
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Bluefield, WV-VA (#14140)
CBSA Micro Statistical Area: Yes
History of ChangesName Change
Change in Primary Regulatory Agency
Change in Supervisory Agency
Financial SummaryTotal assets: $2,144.1 mil
Equity capital: $282.8 mil
Deposits held in domestic offices: $1,561.3 mil
Return on assets (ROA): 0.94% ($20.2 mil)
Quarterly return on assets: 0.81% ($17.4 mil)
Return on Equity (ROE): 7.63% ($21.6 mil)
Quarterly return on equity: 6.26% ($17.7 mil)
Net income: $20.7 mil
Quarterly Net income: $4.4 mil
Pretax return on assets: 1.37% ($29,374.2 mil)
Quarterly Pretax return on assets: 1.22% ($26,158.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)584
Total assets$2,144,104
Cash and due from depository institutions$47,294
Interest-bearing balances$12,716
Securities$478,263
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,376,025
Loan loss allowance $26,205
Trading account assets$0
Bank premises and fixed assets$51,319
Other real estate owned$5,914
Goodwill and other intangibles$77,977
All other assets$107,312
Life insurance assets$2,144,104
Total liabilities and capital$1,861,343
Total liabilities$1,561,334
Total deposits$1,320,087
Interest-bearing deposits$1,561,334
Deposits held in domestic offices$68
% insured (estimated)129560.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$150,000
Other borrowed funds $0
Subordinated debt $20,449
All other liabilities $282,761
Total equity capital$282,761
Total bank equity capital$282,761
Perpetual preferred stock$40,000
Common stock$6,240
Surplus$113,176
Undivided profits $123,345
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,820
Income earned, not collected on loans $24,487
Earning assets $0
Long-term assets (5+ years) $6,826
Average Assets, year-to-date $1,867,004
Average Assets, quarterly $561,701
Volatile liabilities $2,196,006
Insider loans $2,172,293
FHLB advances $1,405,141
Loans and leases held for sale $2,072,730
Unused loan commitments $44,341
Tier 1 (core) risk-based capital $15,743
Tier 2 risk-based capital $208,833
Total risk weighted assets $28,598
Total unused commitments $0
Restructured Loans and leases $194,604
Derivatives$19,226
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $94,402
Total interest expense $21,647
Net interest income $72,755
Provision for loan and lease losses $9,047
Total noninterest income $23,810
Fiduciary activities $1,830
Service charges on deposit accounts $13,238
Trading account gains & fees $0
Additional noninterest income $8,742
Total noninterest expense $60,565
Salaries and employee benefits $30,176
Premises and equipment expense $9,201
Additional noninterest expense $21,188
Pre-tax net operating income $26,953
Securities gains (losses) $3,095
Applicable income taxes $9,325
Income before extraordinary items $20,723
Extraordinary gains - net $0
Net income attributable to bank $20,723
Net charge-offs $0
Cash dividends $20,723
Sale, conversion, retirement of capital stock, net $9,324
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.97%
Cost of funding earning assets 1.14%
Net interest margin 3.83%
Noninterest income to earning assets 1.25%
Noninterest expense to earning assets 3.19%
Net operating income to assets 0.85%
Return on assets (ROA) 0.94%
Pretax return on assets 1.37%
Return on equity (ROE) 7.63%
Retained earnings to average equity (YTD only) 7.63%
Net charge-offs to loans 0.67%
Credit loss provision to net charge-offs 97.03%
Efficiency ratio3.86%
Assets per employee$61,976
Cash dividends to net income (YTD only)3.67%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.87%
Noncurrent assets plus other real estate owned to assets 107.02%
Noncurrent loans to loans 1.42%
Net loans and leases to deposits1.75%
Net loans and leases to core deposits 88.13%
Equity capital to assets 95.43%
Core capital (leverage) ratio 13.19%
Tier 1 risk-based capital ratio 10.08%
Total risk-based capital ratio 14.86%
Memoranda
Average assets$16
Average earning assets$2,196,006
Average equity $271,492
Average loans $1,899,175
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$419,770
Number of Accounts1
Personal trust and agency accounts$331,105
Employee benefit-defined contribution accounts$177,929
Employee benefit-defined benefit accounts$23,892
Other retirement accounts$40,223
Corporate trust and agency accounts$14,779
Investment management agency accounts$0
Other fiduciary accounts$42,394
Fiduciary accounts held in foreign offices$31,888
Non-managed Assets$0
Number of Accounts620
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$14,779
Employee benefit-defined benefit accounts$0
Other retirement accounts$88,665
Corporate trust and agency accounts$7,685
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$1,051
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12 North Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
4038682Sparta Branch125 North Main Street, Sparta, NC 28675October 15, 1987Full Service Brick and Mortar
41261028Taylorsville Branch92 North Center Street, Taylorsville, NC 28681October 16, 1989Full Service Brick and Mortar
42261029Hays Branch5119 Mountain View Rd, Hays, NC 28635March 26, 1990Full Service Brick and Mortar
43261030Elkin Branch101 Brookfall Dairy Road, Elkin, NC 28621June 01, 1995Full Service Brick and Mortar
73431128University Parkway Branch5610 University Parkway, Winston Salem, NC 27116July 07, 2003Full Service Brick and Mortar
75462452Oliver's Crossing Branch5002 Peters Creek Parkway, Winston Salem, NC 27127March 19, 2007Full Service Brick and Mortar
76462459River Ridge Branch1455 River Ridge Drive, Clemmons, NC 27012March 05, 2007Full Service Brick and Mortar
8242707Mooresville Branch347 North Main Street, Mooresville, NC 28115April 19, 1937Full Service Brick and Mortar
8327753820209 Hwy. 73 West Branch20209 Hwy. 73 West, Cornelius, NC 28031June 30, 1987Full Service Brick and Mortar
84277539401 Gilead Road Branch401 Gilead Road, Huntersville, NC 28078June 30, 1987Full Service Brick and Mortar
85428160Tristone Community Bank Branch401 Knollwood Street, Winston Salem, NC 27103November 30, 2004Full Service Brick and Mortar
86461350Jonestown Branch312 Jonestown Road, Winston Salem, NC 27104March 14, 2007Full Service Brick and Mortar
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5 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
6856245Poeple's Community Branch300 Sunset Drive, Johnson City, TN 37604December 15, 1995Full Service Brick and Mortar
69290387Johnson City Branch202 East Main Street, Johnson City, TN 37601June 02, 1997Full Service Brick and Mortar
70290388Boones Creek Branch2681 Boones Creek Road, Johnson City, TN 37615May 28, 1998Full Service Brick and Mortar
72419753Fall Branch Branch1706 Hwy. 93, Fall Branch, TN 37656January 02, 2003Full Service Brick and Mortar
74431129Piney Flats Branch5756 Hwy 11-E, Piney Flats, TN 37686March 26, 2004Full Service Brick and Mortar
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15 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08220First Community Bank29 College Drive, Bluefield, VA 24605January 07, 1920Full Service Brick and Mortar
45256246Richlands Branch302 Washington Square, Richlands, VA 24641September 15, 1989Full Service Brick and Mortar
46256247Wytheville Branch910 East Main Street, Wytheville, VA 24382August 01, 1997Full Service Brick and Mortar
47256248Pound Branch8044 Main Street, Pound, VA 24279July 25, 1997Full Service Brick and Mortar
48256249Fort Chiswell BranchIvanhoe And Fort Chiswell Roads, Max Meadows, VA 24360July 25, 1997Full Service Brick and Mortar
49256250Clintwood BranchChase And Alley Streets, Clintwood, VA 24228July 25, 1997Full Service Brick and Mortar
50228740East Riverside Branch643 East Riverside Drive, Tazewell, VA 24605April 30, 1999Full Service Brick and Mortar
55363901Emporia-Halifax401 Halifax Street, Emporia, VA 23847December 07, 2001Full Service Brick and Mortar
56363902South Main Street Branch431 South Main Street, Emporia, VA 23847December 07, 2001Full Service Brick and Mortar
58365666Ridgeview Plaza Branch101 Sanders Lane, Bluefield, VA 24605November 07, 2002Full Service Brick and Mortar
6235402The Commonwealth Bank/Branch9310 Midlothian Turnpike, Richmond, VA 23235April 30, 1986Full Service Brick and Mortar
63259853Parham Road Branch900 North Parham Road, Richmond, VA 23229July 08, 1996Full Service Brick and Mortar
79470141Mechanicsville Branch6109 Brashier Boulevard, Mechanicsville, VA 23111November 27, 2007Full Service Brick and Mortar
80470512Town Center Branch11400 Midlothian Tunrpike, Richmond, VA 23235December 10, 2007Full Service Brick and Mortar
88510932Glen Allen Branch10820 Broad Street, Glen Allen, VA 23060June 30, 2010Full Service Brick and Mortar
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26 West Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1228736Drive-In BranchEast Main And South Kanawha Streets, Buckhannon, WV 26201April 01, 1966Limited Service Facility
610693Castle Rock BranchBank And Cedar Streets, Pineville, WV 24874Febuary 20, 1947Full Service Brick and Mortar
7238288Mullens BranchMullens Shopping Plaza, Mullens, WV 25882August 01, 1984Full Service Brick and Mortar
817460Oceana BranchRoute 10 Cook Parkway, Oceana, WV 24870July 02, 1984Full Service Brick and Mortar
94542Grafton BranchWest Main Street, Grafton, WV 26354October 01, 1873Full Service Brick and Mortar
12212196Cherry River Plaza BranchWhite Avenue And Railroad Street, Richwood, WV 26261August 14, 1978Limited Service Facility
15212199Cowen BranchRoute 20 And Williams River Road, Glade View, WV 26206January 04, 1988Full Service Brick and Mortar
1613555Richwood Branch16 West Main Street, Richwood, WV 26261October 30, 1967Full Service Brick and Mortar
17249438Craigsville BranchRed Oak Plaza, Craigsville, WV 26205January 01, 1975Full Service Brick and Mortar
2811172Man Branch100 Market Street, Man, WV 25635July 15, 1952Full Service Brick and Mortar
31228739East Pineville BranchRoute 10 East, Pineville, WV 24874June 28, 1996Limited Service Facility
3256253Princeton Branch1001 Mercer Street, Princeton, WV 24740December 30, 1995Full Service Brick and Mortar
344531Bluefield Branch211 Federal Street, Bluefield, WV 24701January 01, 1903Full Service Brick and Mortar
35212096Messenger Service Branch211 Federal Street, Bluefield, WV 24701September 07, 1993Limited Service Facility
3613244Bluewell BranchRoutes 20 And 52, Bluewell, WV 24701June 07, 1965Full Service Brick and Mortar
39290399Mercer Mall BranchRoute 460, Bluefield, WV 24701December 30, 1995Full Service Brick and Mortar
4416360Buckhannon Branch2 West Main Street, Buckhannon, WV 26201Febuary 18, 1981Full Service Brick and Mortar
5155608Beckley Branch-Main111 Citizens Drive, Beckley, WV 25801June 12, 1995Full Service Brick and Mortar
52290316Beckley Branch50 Brookshire Lane, Beckley, WV 25801December 15, 1998Full Service Brick and Mortar
53362630Athens Branch101 Vermillion Street, Athens, WV 24712October 11, 2001Full Service Brick and Mortar
60235657Lindside BranchU.S. Route 219 North, Lindside, WV 24951August 30, 1989Full Service Brick and Mortar
61235658Hinton Branch298 Stokes Dr, Hinton, WV 25951June 07, 1999Full Service Brick and Mortar
77469324Daniels Branch1220 Ritter Drive, Daniels, WV 25832October 01, 2007Full Service Brick and Mortar
78469612Princeton Crossing Branch1102 Oakvale Road, Princeton, WV 24740November 05, 2007Full Service Brick and Mortar
81478953Summersville Northside Branch902 North Side Drive, Summersville, WV 26651May 05, 2008Full Service Brick and Mortar
87510931Stafford Commons BranchOne Stafford Commons, Princeton, WV 24740June 30, 2010Full Service Brick and Mortar
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