Note 2 - Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

	As recorded by		Fair Value				As recorded by
(Amounts in thousands, except share data)	Highlands		Adjustments				the Company
Assets
Cash and cash equivalents	$	25,879	$	-			$	25,879
Securities available for sale		53,732		-				53,732
Loans held for sale		263		-				263
Loans held for investment, net of allowance and mark		438,896		(11,429	)	( a )		427,467
Premises and equipment		16,722		(2,317	)	( b )		14,405
Other real estate		1,963		-				1,963
Other assets		25,556		2,250		( c )		27,806
Intangible assets		-		4,490		( d )		4,490
Total assets	$	563,011	$	(7,006	)		$	556,005
LIABILITIES
Deposits:
Noninterest-bearing	$	155,714	$	-			$	155,714
Interest-bearing		346,028		1,261		( e )		347,289
Total deposits		501,742		1,261				503,003
Long term debt		40		-				40
Other liabilities		2,938		198		( f )		3,136
Total liabilities		504,720		1,459				506,179
Net identifiable assets acquired over (under) liabilities assumed		58,291		(8,465	)			49,826
Goodwill		-		36,821				36,821
Net assets acquired over liabilities assumed	$	58,291	$	28,356			$	86,647
Consideration:
First Community Bankshares, Inc. common								2,792,729
Purchase price per share of the Company's common stock							$	31.02
Fair Value of Company common stock issued							$	86,631
Cash paid for fractional shares								16
Fair Value of total consideration transferred							$	86,647

Schedule of Loans Acquired [Table Text Block]

	December 31, 2019
	Purchased		Purchased
(Amounts in thousands)	Performing		Impaired		Total
Commercial loans
Construction, development, and other land	$	15,763	$	1,956	$	17,719
Commercial and industrial		44,474		2,829		47,303
Multi-family residential		21,032		1,663		22,695
Single family non-owner occupied		29,357		4,564		33,921
Non-farm, non-residential		107,489		21,710		129,199
Agricultural		2,298		-		2,298
Farmland		3,287		3,722		7,009
Total commercial loans		223,700		36,444		260,144
Consumer real estate loans
Home equity lines		23,654		2,157		25,811
Single family owner occupied		116,413		13,174		129,587
Owner occupied construction		1,097		-		1,097
Total consumer real estate loans		141,164		15,331		156,495
Consumer and other loans
Consumer loans		9,487		1,341		10,828
Loans acquired at fair value	$	374,351	$	53,116	$	427,467

Business Acquisition, Pro Forma Information [Table Text Block]

	ProForma		ProForma
	Year Ended		Year Ended
(Dollars in thousands)	December 31, 2019		December 31, 2018
Total revenues (net interest income plus noninterest income)	$	150,618	$	145,656
Net adjusted income available to the common shareholder	$	43,463	$	42,470

Disposal Groups, Including Discontinued Operations [Table Text Block]

	Year Ended December 31,
(Amounts in thousands)	2019		2018			2017
Divestitures
Book value of assets sold		-		(1,685	)		-
Book value of liabilities sold		-		37			-
Sales price in excess of net liabilities assumed		-		-			-
Total sales price		-		(1,648	)		-
Cash sold		-		35			-
Non-cash sales price		-		1,603			-
Amount due remaining on books		-		-			-
Net cash received in divestitures		-		(10	)		-
Net cash received in acquisitions and divestitures	$	-	$	-		$	-