First Community Bankshares, Inc. (FCBC) financial statements (2022 and earlier)

Company profile

Business Address PO BOX 989
BLUEFIELD, VA 24605
State of Incorp. VA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50612177715876
Cash and cash equivalents50612177715876
Total current assets:50612177715876
Noncurrent Assets
Operating lease, right-of-use asset 1 
Property, plant and equipment525863464850
Intangible assets, net (including goodwill)13513713898102103
Goodwill130130130939696
Intangible assets, net (excluding goodwill)679567
Deferred costs5     
Total noncurrent assets:193195201144150153
Other undisclosed assets2,9512,7552,3812,0242,0802,157
TOTAL ASSETS:3,1953,0112,7992,2442,3882,386
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt324313299
Due to related parties     2
Total current liabilities:3243132102
Noncurrent Liabilities
Long-term debt and lease obligation  2550  
Long-term debt, excluding current maturities  2550  
Total noncurrent liabilities:  2550  
Other undisclosed liabilities2,7642,5822,3411,8302,0061,946
Total liabilities:2,7672,5842,3701,9122,0382,047
Stockholders' equity
Stockholders' equity attributable to parent428427429333351339
Common stock171818162121
Treasury stock, value    (79)(79)
Additional paid in capital148173192122229228
Accumulated other comprehensive loss(2)(2)(2)(1)(1)(2)
Retained earnings265238220196181170
Total stockholders' equity:428427429333351339
TOTAL LIABILITIES AND EQUITY:3,1953,0112,7992,2442,3882,386

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1051149598125128
Net investment income10511495989595
Financial services revenue2630
Cost of revenue (13)(4)(2)(3)(1)
Provision for loan, lease, and other losses (13)(4)(2)
Financial services costs(3)(1)
Gross profit:1051019196122127
Operating expenses(22)(24)(23)(23)(63)(63)
Other operating income, net
(Noninterest Income, Other Operating Income)
54    
Operating income:888268735964
Nonoperating expense
(Investment Income, Nonoperating)
     (5)
Interest and debt expense(3)(5)(6)(7)(8)(10)
Income from continuing operations before equity method investments, income taxes:857662655150
Other undisclosed loss from continuing operations before income taxes(19)(30)(13)(20)(9)(12)
Income from continuing operations before income taxes:674650454238
Income tax expense(15)(10)(11)(9)(21)(13)
Net income available to common stockholders, diluted:513639362125

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:513639362125
Other comprehensive income (loss)2(1)(2)10(0)
Comprehensive income:533537372225
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)01(1)13
Comprehensive income, net of tax, attributable to parent:523639362328

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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