XML 116 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest Income      
Interest and fees on loans held for investment $ 95,492us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio $ 96,600us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio $ 96,684us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
Interest on securities - taxable 5,975us-gaap_InterestIncomeSecuritiesTaxable 7,875us-gaap_InterestIncomeSecuritiesTaxable 7,830us-gaap_InterestIncomeSecuritiesTaxable
Interest on securities - nontaxable 4,350us-gaap_InterestIncomeSecuritiesTaxExempt 4,790us-gaap_InterestIncomeSecuritiesTaxExempt 4,883us-gaap_InterestIncomeSecuritiesTaxExempt
Interest on deposits in banks 291us-gaap_InterestIncomeDepositsWithFinancialInstitutions 211us-gaap_InterestIncomeDepositsWithFinancialInstitutions 259us-gaap_InterestIncomeDepositsWithFinancialInstitutions
Total interest income 106,108us-gaap_InterestAndDividendIncomeOperating 109,476us-gaap_InterestAndDividendIncomeOperating 109,656us-gaap_InterestAndDividendIncomeOperating
Interest Expense      
Interest on deposits 7,308us-gaap_InterestExpenseDeposits 8,823us-gaap_InterestExpenseDeposits 9,972us-gaap_InterestExpenseDeposits
Interest on short-term borrowings 2,024us-gaap_InterestExpenseShortTermBorrowings 2,222us-gaap_InterestExpenseShortTermBorrowings 2,515us-gaap_InterestExpenseShortTermBorrowings
Interest on long-term debt 5,958us-gaap_InterestExpenseLongTermDebt 6,789us-gaap_InterestExpenseLongTermDebt 7,113us-gaap_InterestExpenseLongTermDebt
Total interest expense 15,290us-gaap_InterestExpense 17,834us-gaap_InterestExpense 19,600us-gaap_InterestExpense
Net interest income 90,818us-gaap_InterestIncomeExpenseNet 91,642us-gaap_InterestIncomeExpenseNet 90,056us-gaap_InterestIncomeExpenseNet
Provision for loan losses 145us-gaap_ProvisionForLoanLossesExpensed 8,208us-gaap_ProvisionForLoanLossesExpensed 5,678us-gaap_ProvisionForLoanLossesExpensed
Net interest income after provision for loan losses 90,673us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 83,434us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 84,378us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest Income      
Wealth management 3,030us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities 3,412us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities 3,701us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities
Service charges on deposit accounts 13,828us-gaap_FeesAndCommissionsDepositorAccounts 13,558us-gaap_FeesAndCommissionsDepositorAccounts 14,063us-gaap_FeesAndCommissionsDepositorAccounts
Other service charges and fees 7,581us-gaap_FeesAndCommissionsOther 7,151us-gaap_FeesAndCommissionsOther 6,462us-gaap_FeesAndCommissionsOther
Insurance commissions 6,555us-gaap_InsuranceCommissionsAndFees 5,933us-gaap_InsuranceCommissionsAndFees 5,743us-gaap_InsuranceCommissionsAndFees
Impairment losses on securities (737)us-gaap_ImpairmentOfInvestments (320)us-gaap_ImpairmentOfInvestments (942)us-gaap_ImpairmentOfInvestments
Portion of losses recognized in other comprehensive income 0fcbc_PortionOfLossRecognizedInOtherComprehensiveIncome 0fcbc_PortionOfLossRecognizedInOtherComprehensiveIncome 0fcbc_PortionOfLossRecognizedInOtherComprehensiveIncome
Net impairment losses recognized in earnings (737)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent (320)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent (942)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
Net (loss) gain on sale of securities (1,385)us-gaap_GainLossOnSaleOfSecuritiesNet 399us-gaap_GainLossOnSaleOfSecuritiesNet 483us-gaap_GainLossOnSaleOfSecuritiesNet
Net FDIC indemnification asset (amortization) accretion (3,979)us-gaap_FDICIndemnificationAssetPeriodIncreaseDecrease (5,597)us-gaap_FDICIndemnificationAssetPeriodIncreaseDecrease 458us-gaap_FDICIndemnificationAssetPeriodIncreaseDecrease
Net gain on branch divestiture 755us-gaap_GainLossOnSaleOfBusiness    
Other operating income 4,355us-gaap_OtherOperatingIncome 5,235us-gaap_OtherOperatingIncome 6,742us-gaap_OtherOperatingIncome
Total noninterest income 30,003us-gaap_NoninterestIncome 29,771us-gaap_NoninterestIncome 36,710us-gaap_NoninterestIncome
Noninterest Expense      
Salaries and employee benefits 40,713us-gaap_LaborAndRelatedExpense 41,235us-gaap_LaborAndRelatedExpense 38,667us-gaap_LaborAndRelatedExpense
Occupancy expense of bank premises 6,338us-gaap_OccupancyNet 7,033us-gaap_OccupancyNet 6,872us-gaap_OccupancyNet
Furniture and equipment 4,952us-gaap_EquipmentExpense 4,966us-gaap_EquipmentExpense 4,145us-gaap_EquipmentExpense
Amortization of intangible assets 787us-gaap_AmortizationOfIntangibleAssets 729us-gaap_AmortizationOfIntangibleAssets 804us-gaap_AmortizationOfIntangibleAssets
FDIC premiums and assessments 1,672us-gaap_FederalDepositInsuranceCorporationPremiumExpense 1,717us-gaap_FederalDepositInsuranceCorporationPremiumExpense 1,612us-gaap_FederalDepositInsuranceCorporationPremiumExpense
FHLB debt prepayment fees 5,008us-gaap_AmortizationOfFinancingCosts    
Merger, acquisition, and divestiture expense 1,150fcbc_MergerAcquisitionAndDivestitureExpense 57fcbc_MergerAcquisitionAndDivestitureExpense 5,093fcbc_MergerAcquisitionAndDivestitureExpense
Other operating expense 22,242us-gaap_OtherCostAndExpenseOperating 23,248us-gaap_OtherCostAndExpenseOperating 21,190us-gaap_OtherCostAndExpenseOperating
Total noninterest expense 82,862us-gaap_NoninterestExpense 78,985us-gaap_NoninterestExpense 78,383us-gaap_NoninterestExpense
Income before income taxes 37,814us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 34,220us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 42,705us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 12,324us-gaap_IncomeTaxExpenseBenefit 10,908us-gaap_IncomeTaxExpenseBenefit 14,128us-gaap_IncomeTaxExpenseBenefit
Net income 25,490us-gaap_NetIncomeLoss 23,312us-gaap_NetIncomeLoss 28,577us-gaap_NetIncomeLoss
Dividends on preferred stock 910us-gaap_PreferredStockDividendsIncomeStatementImpact 1,024us-gaap_PreferredStockDividendsIncomeStatementImpact 1,058us-gaap_PreferredStockDividendsIncomeStatementImpact
Net income available to common shareholders $ 24,580us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 22,288us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 27,519us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic earnings per common share $ 1.34us-gaap_EarningsPerShareBasic $ 1.13us-gaap_EarningsPerShareBasic $ 1.44us-gaap_EarningsPerShareBasic
Diluted earnings per common share $ 1.31us-gaap_EarningsPerShareDiluted $ 1.11us-gaap_EarningsPerShareDiluted $ 1.40us-gaap_EarningsPerShareDiluted
Cash dividends per common share $ 0.50us-gaap_CommonStockDividendsPerShareCashPaid $ 0.48us-gaap_CommonStockDividendsPerShareCashPaid $ 0.43us-gaap_CommonStockDividendsPerShareCashPaid
Weighted average basic shares outstanding 18,406,363us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 19,792,099us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 19,127,065us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average diluted shares outstanding 19,483,054us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 20,961,800us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 20,419,569us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding