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Parent Company Financial Information | 12 Months Ended
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Dec. 31, 2011
Parent Company Financial Information [Abstract] |
Parent Company Financial Information |
Note 18. | Parent Company Financial Information
Condensed financial information related to First Community Bancshares, Inc. as of December 31, 2011 and 2010, and for each of the years ended December 31, 2011, 2010, and 2009, is as follows:
Condensed Balance Sheets |  | 2011 |  |  | 2010 |
(Amounts in thousands) |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 17,694 |  |  | $ | 11,706 |
Securities available for sale |  |  | 7,657 |  |  |  | 9,663 |
Investment in subsidiary |  |  | 291,547 |  |  |  | 266,673 |
Other assets |  |  | 5,014 |  |  |  | 4,325 |
Total assets |  | $ | 321,912 |  |  | $ | 292,367 |
Liabilities |  |  |  |  |  |  |  |
Other liabilities |  | $ | 719 |  |  | $ | 7,025 |
Long-term debt |  |  | 15,464 |  |  |  | 15,464 |
Total liabilities |  |  | 16,183 |  |  |  | 22,489 |
Stockholders’ Equity |  |  |  |  |  |  |  |
Preferred stock |  |  | 18,921 |  |  |  | — |
Common stock |  |  | 18,083 |  |  |  | 18,083 |
Additional paid-in capital |  |  | 188,118 |  |  |  | 189,239 |
Retained earnings |  |  | 92,173 |  |  |  | 79,844 |
Treasury stock |  |  | (5,721 | ) |  |  | (6,740 | )
Accumulated other comprehensive loss |  |  | (5,845 | ) |  |  | (10,548 | )
Total stockholders’ equity |  |  | 305,729 |  |  |  | 269,878 |
Total liabilities and stockholders’ equity |  | $ | 321,912 |  |  | $ | 292,367 |
Condensed Statements of Income |  | 2011 |  |  | 2010 |  |  | 2009 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |
Cash dividends received from subsidiary bank |  | $ | — |  |  | $ | — |  |  | $ | 4,027 |
Other income |  |  | 2,227 |  |  |  | 2,134 |  |  |  | 3,774 |
Operating expense |  |  | (1,796 | ) |  |  | (1,556 | ) |  |  | (3,030 | )
Income tax expense |  |  | (150 | ) |  |  | (223 | ) |  |  | (2,691 | )
Equity in undistributed earnings (loss) of subsidiary |  |  | 19,747 |  |  |  | 21,492 |  |  |  | (40,776 | )
Net income (loss) |  |  | 20,028 |  |  |  | 21,847 |  |  |  | (38,696 | )
Dividends on preferred stock |  |  | 703 |  |  |  | — |  |  |  | 2,160 |
Net income (loss) available to common shareholders |  | $ | 19,325 |  |  | $ | 21,847 |  |  | $ | (40,856 | )
Condensed Statements of Cash Flows |  | 2011 |  |  | 2010 |  |  | 2009 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 20,028 |  |  | $ | 21,847 |  |  | $ | (38,696 | )
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed (earnings) loss of subsidiary |  |  | (19,747 | ) |  |  | (21,492 | ) |  |  | 40,776 |
(Gain) loss on sale of securities |  |  | (139 | ) |  |  | 1 |  |  |  | 60 |
(Increase) decrease in other assets |  |  | (1,529 | ) |  |  | 238 |  |  |  | 661 |
(Decrease) increase in other liabilities |  |  | (5,748 | ) |  |  | 6,715 |  |  |  | 881 |
Other, net |  |  | 776 |  |  |  | (82 | ) |  |  | 1,081 |
Net cash (used in) provided by operating activities |  |  | (6,359 | ) |  |  | 7,227 |  |  |  | 4,763 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Purchase of securities available for sale |  |  | (6 | ) |  |  | — |  |  |  | (931 | )
Proceeds from sale of securities available for sale |  |  | 2,636 |  |  |  | 535 |  |  |  | 4,402 |
Investment in subsidiary |  |  | (570 | ) |  |  | (7,500 | ) |  |  | (10,000 | )
Other, net |  |  | — |  |  |  | — |  |  |  | 1,000 |
Net cash provided by (used in) investing activities |  |  | 2,060 |  |  |  | (6,965 | ) |  |  | (5,529 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Redemption of preferred stock |  |  | — |  |  |  | — |  |  |  | (41,500 | )
Proceeds from the exercise of stock options |  |  | 32 |  |  |  | 29 |  |  |  | 21 |
Net proceeds from the issuance of common stock |  |  | — |  |  |  | — |  |  |  | 61,668 |
Net proceeds from the issuance of preferred stock |  |  | 18,802 |  |  |  | — |  |  |  | — |
Repurchase of treasury stock |  |  | (904 | ) |  |  | — |  |  |  | (167 | )
Repurchase of common stock warrants |  |  | (30 | ) |  |  | — |  |  |  | — |
Preferred dividends paid |  |  | (558 | ) |  |  | — |  |  |  | (1,116 | )
Common dividends paid |  |  | (7,155 | ) |  |  | (7,121 | ) |  |  | (4,619 | )
Other, net |  |  | 100 |  |  |  | 1,110 |  |  |  | 1,867 |
Net cash provided by (used in) financing activities |  |  | 10,287 |  |  |  | (5,982 | ) |  |  | 16,154 |
Net increase (decrease) in cash and cash equivalents |  |  | 5,988 |  |  |  | (5,720 | ) |  |  | 15,388 |
Cash and cash equivalents at beginning of year |  |  | 11,706 |  |  |  | 17,426 |  |  |  | 2,038 |
Cash and cash equivalents at end of year |  | $ | 17,694 |  |  | $ | 11,706 |  |  | $ | 17,426 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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