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Regulatory Capital Requirements and Restrictions | 12 Months Ended
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Dec. 31, 2011
Deposits and Regulatory Capital Requirements and Restrictions [Abstract] |
Regulatory Capital Requirements and Restrictions |
Note 14. | Regulatory Capital Requirements and Restrictions
The Company and the Bank are subject to various regulatory capital requirements administered by state and federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under the capital adequacy guidelines and the regulatory framework for prompt corrective action, which applies only to the Bank, the Bank must meet specific capital guidelines that involve quantitative measures of the entity’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios for total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined). To be categorized as well capitalized, the Bank must maintain minimum total capital to risk-weighted assets, Tier 1 capital to risk-weighted assets, and Tier 1 capital to average assets (leverage) ratios established by banking regulators. At December 31, 2011, the Company and the Bank met all capital adequacy requirements to which they are subject. At December 31, 2011 and 2010, the most recent notifications from regulators categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since those notifications that management believes have changed the institution’s category. The following tables present the Company’s and the Bank’s capital ratios at December 31, 2011 and 2010:
|  | December 31, 2011 |
|  |  |  |  |  |  |  |  |  |  | To Be Well |
|  |  |  |  |  |  |  | For Capital |  |  | Capitalized Under |
|  |  |  |  |  |  |  | Adequacy |  |  | Prompt Corrective |
|  | Actual |  |  | Purposes |  |  | Action Provisions |
(Amounts in thousands) |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
Total Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Community Bancshares, Inc. |  | $ | 257,836 |  |  |  | 18.15 | % |  | $ | 113,626 |  |  |  | 8.00 | % |  |  | N/A |  |  |  | N/A |
First Community Bank |  |  | 226,508 |  |  |  | 16.12 | % |  |  | 112,411 |  |  |  | 8.00 | % |  | $ | 140,514 |  |  |  | 10.00 | %
Tier 1 Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Community Bancshares, Inc. |  |  | 239,928 |  |  |  | 16.89 | % |  |  | 56,813 |  |  |  | 4.00 | % |  |  | N/A |  |  |  | N/A |
First Community Bank |  |  | 208,833 |  |  |  | 14.86 | % |  |  | 56,206 |  |  |  | 4.00 | % |  |  | 84,308 |  |  |  | 6.00 | %
Tier 1 Capital to Average Assets (Leverage) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Community Bancshares, Inc. |  |  | 239,928 |  |  |  | 11.50 | % |  |  | 83,474 |  |  |  | 4.00 | % |  |  | N/A |  |  |  | N/A |
First Community Bank |  |  | 208,833 |  |  |  | 10.08 | % |  |  | 82,909 |  |  |  | 4.00 | % |  |  | 103,637 |  |  |  | 5.00 | %
|  | December 31, 2010 |
|  |  |  |  |  |  |  |  |  |  | To Be Well |
|  |  |  |  |  |  |  | For Capital |  |  | Capitalized Under |
|  |  |  |  |  |  |  | Adequacy |  |  | Prompt Corrective |
|  | Actual |  |  | Purposes |  |  | Action Provisions |
(Amounts in thousands) |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
Total Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Community Bancshares, Inc. |  | $ | 224,932 |  |  |  | 15.33 | % |  | $ | 117,349 |  |  |  | 8.00 | % |  |  | N/A |  |  |  | N/A |
First Community Bank |  |  | 207,143 |  |  |  | 14.18 | % |  |  | 116,892 |  |  |  | 8.00 | % |  | $ | 146,115 |  |  |  | 10.00 | %
Tier 1 Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Community Bancshares, Inc. |  |  | 206,428 |  |  |  | 14.07 | % |  |  | 58,675 |  |  |  | 4.00 | % |  |  | N/A |  |  |  | N/A |
First Community Bank |  |  | 188,771 |  |  |  | 12.92 | % |  |  | 58,446 |  |  |  | 4.00 | % |  |  | 87,669 |  |  |  | 6.00 | %
Tier 1 Capital to Average Assets (Leverage) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Community Bancshares, Inc. |  |  | 206,428 |  |  |  | 9.44 | % |  |  | 87,468 |  |  |  | 4.00 | % |  |  | N/A |  |  |  | N/A |
First Community Bank |  |  | 188,771 |  |  |  | 8.66 | % |  |  | 87,155 |  |  |  | 4.00 | % |  |  | 108,944 |  |  |  | 5.00 | %
The primary source of funds for dividends paid by the Company is dividends received from the Bank. Dividends paid by the Bank are subject to restrictions by banking regulations. Approval by regulatory authorities is required if the effect of dividends declared would cause the regulatory capital of the Bank to fall below specified minimum levels. As described below, the Bank is required to maintain heightened regulatory capital ratios. Approval is also required if dividends declared exceed the net profits for that year combined with the retained net profits for the preceding two years.

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- Definition The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1G -URI http://asc.fasb.org/extlink&oid=6918689&loc=SL5958577-112826 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=6918689&loc=SL5958570-112826 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6918689&loc=SL5958568-112826 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1E -URI http://asc.fasb.org/extlink&oid=6918689&loc=SL5958574-112826 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1H -URI http://asc.fasb.org/extlink&oid=6918689&loc=d3e65071-112826 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Audit and Accounting Guide (AAG) -Number AAG-DEP -Chapter 17 -Paragraph 15, 16, 17 -IssueDate 2006-05-01 -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 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1C -URI http://asc.fasb.org/extlink&oid=6918689&loc=SL5958572-112826 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=6918689&loc=SL5958575-112826 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=6918689&loc=SL5958573-112826 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6918689&loc=SL5958569-112826 + Details
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