First Community Bancshares, Inc., incorporated on July 28, 1997, is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank), a Virginia-chartered banking company. The Bank operates as First Community Bank in Virginia, West Virginia, and North Carolina and People's Community Bank, a Division of First Community Bank, in Tennessee. The Bank provides insurance services through its subsidiary First Community Insurance Services, and offers wealth management and investment advice through its Trust Division and subsidiary First Community Wealth Management.
The Company's products include demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans and lines of credit; various credit card, debit card, and automated teller machine card services; corporate and personal trust services; investment management services, and life, health, and property and casualty insurance products. As of December 31, 2016, the Company operated 45 branch locations in Virginia, West Virginia, North Carolina, and Tennessee through its sole operating segment, Community Banking.
Lending Activities
The Company's loan portfolio consists of commercial loans, consumer real estate loans, and consumer and other loans. Commercial loans consists of loans to small and mid-size industrial, commercial, and service companies that include natural gas producers, retail merchants, and wholesale merchants. Consumer real estate loans consist of loans to individuals within its market footprint for home equity loans and lines of credit and for the purchase or construction of owner occupied homes. Consumer and other loans consists of loans to individuals within its market footprint that include personal lines of credit, credit cards, and the purchase of automobiles, boats, mobile homes, and other consumer goods. As of December 31, 2016, the Bank's net loans amounted to $1.8 billion.
Investment Activities
The Bank's securities available-for-sale include the United States agency securities, municipal securities, single issue trust preferred securities, mortgage-backed agency securities and equity securities. As of December 31, 2016, the Bank's total securities available-for-sale amounted to $165 million and total securities held to maturity amounted to $47 million.
Sources of Funds
The Bank's deposits include noninterest-bearing demand deposits and interest-bearing deposits, including interest-bearing demand deposits, money market accounts, savings deposits, certificates of deposit and individual retirement accounts. As of December 31, 2016, the Bank's total deposits amounted to $1.8 billion.
PO Box 989
The company trades on NASDAQ exchange. The company headquarter is located in Virginia, VA. The company was established in the 1874.| Ticker | FCBC |
| Long Name | First Community Bancshares, Inc. |
| Short Name | First Community Bancshares |