Note 2 - Acquisitions (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	As recorded by		Fair Value				As recorded by
(Amounts in thousands, except share and per share data )	Surrey		Adjustments				the Company
Assets
Cash and cash equivalents	$	176,700	$	-			$	176,700
Securities-available-for-sale		22,027		(1,093	)	( a )		20,934
Loans held for investment, net of allowance and mark		251,944		(12,864	)	( b )		239,080
Premises and equipment		5,501		774		( c )		6,275
Other assets		10,787		(229	)	( d ), ( e )		10,558
Intangible assets		-		12,700		( f )		12,700
Total assets	$	466,959	$	(712	)		$	466,247
LIABILITIES
Deposits:
Noninterest-bearing	$	158,389	$	-			$	158,389
Interest-bearing		246,460		(1,214	)	( g )		245,246
Total deposits		404,849		(1,214	)			403,635
Long term debt		-		-				-
Other liabilities		6,004		(381	)	( h )		5,623
Total liabilities		410,853		(1,595	)			409,258
Net identifiable assets acquired over liabilities assumed		56,106		883				56,989
Goodwill		-		14,381				14,381
Net assets acquired over liabilities assumed	$	56,106	$	15,264			$	71,370
Consideration:
First Community Bankshares, Inc. common stock issued								2,996,786
Purchase price per share of the Company's common stock							$	23.81
Fair value of Company common stock issued								71,354
Cash paid for fractional shares								16
Fair Value of total consideration transferred							$	71,370