First Community Bank in Bluefield, Virginia (VA), WV, NC, TN
Overview, Financial Summary, Detailed Financial Reports, Branches


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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total 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
  • 584Total employees (full-time equivalent)
  • $2,144,104Total assets
  • $47,294Cash and due from depository institutions
  • $12,716Interest-bearing balances
  • $478,263Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,376,025Net loans & leases
  • $26,205Loan loss allowance
  • $0Trading account assets
  • $51,319Bank premises and fixed assets
  • $5,914Other real estate owned
  • $77,977Goodwill and other intangibles
  • $2,144,104Life insurance assets
  • $107,312All other assets
  • $1,861,343Total liabilities and capital
  • $1,561,334Total liabilities
  • $1,320,087Total deposits
  • $1,561,334Interest-bearing deposits
  • $68Deposits held in domestic offices
  • 129560.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $150,000Trading liabilities
  • $0Other borrowed funds
  • $20,449Subordinated debt
  • $282,761All other liabilities
  • $282,761Total equity capital
  • $282,761Total bank equity capital
  • $40,000Perpetual preferred stock
  • $6,240Common stock
  • $113,176Surplus
  • $123,345Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,820Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,487Income earned, not collected on loans
  • $0Earning assets
  • $6,826Long-term assets (5+ years)
  • $1,867,004Average Assets, year-to-date
  • $561,701Average Assets, quarterly
  • $2,196,006Volatile liabilities
  • $2,172,293Insider loans
  • $1,405,141FHLB advances
  • $2,072,730Loans and leases held for sale
  • $44,341Unused loan commitments
  • $15,743Tier 1 (core) risk-based capital
  • $208,833Tier 2 risk-based capital
  • $28,598Total risk weighted assets
  • $0Total unused commitments
  • $194,604Restructured Loans and leases
  • $19,226Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $94,402Total interest income
  • $21,647Total interest expense
  • $72,755Net interest income
  • $9,047Provision for loan and lease losses
  • $23,810Total noninterest income
  • $1,830Fiduciary activities
  • $13,238Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,742Additional noninterest income
  • $60,565Total noninterest expense
  • $30,176Salaries and employee benefits
  • $9,201Premises and equipment expense
  • $21,188Additional noninterest expense
  • $26,953Pre-tax net operating income
  • $3,095Securities gains (losses)
  • $9,325Applicable income taxes
  • $20,723Income before extraordinary items
  • $0Extraordinary gains - net
  • $20,723Net income attributable to bank
  • $0Net charge-offs
  • $20,723Cash dividends
  • $9,324Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 3.83%Net interest margin
  • 1.25%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 7.63%Return on equity (ROE)
  • 7.63%Retained earnings to average equity (YTD only)
  • 0.67%Net charge-offs to loans
  • 97.03%Credit loss provision to net charge-offs
  • 3.86%Efficiency ratio
  • 61,976Assets per employee
  • 3.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.87%Loss allowance to noncurrent loans
  • 107.02%Noncurrent assets plus other real estate owned to assets
  • 1.42%Noncurrent loans to loans
  • 1.75%Net loans and leases to deposits
  • 88.13%Net loans and leases to core deposits
  • 95.43%Equity capital to assets
  • 13.19%Core capital (leverage) ratio
  • 10.08%Tier 1 risk-based capital ratio
  • 14.86%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $2,196,006Average earning assets
  • $271,492Average equity
  • $1,899,175Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $419,770Managed Assets
  • 1Number of Accounts
  • $331,105Personal trust and agency accounts
  • $177,929Employee benefit-defined contribution accounts
  • $23,892Employee benefit-defined benefit accounts
  • $40,223Other retirement accounts
  • $14,779Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $42,394Other fiduciary accounts
  • $31,888Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 620Number of Accounts
  • $0Personal trust and agency accounts
  • $14,779Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $88,665Other retirement accounts
  • $7,685Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,051Fiduciary accounts held in foreign offices

List of branches

  • 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
  • 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
  • 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
  • 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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