The following table presents actual and required capital ratios as of December 31, 2015, under the Basel III Capital Rules. The minimum required capital amounts presented include the minimum capital levels as of December 31, 2015, based on the phase-in provisions of the Basel III Capital Rules and the minimum required capital levels as of January 1, 2019, when the Basel III Capital Rules are fully phased in. A detailed description of the Basel III Capital Rules is included in Item 1, “Capital Adequacy Requirements” in Part I of this report.


	December 31, 2015
	Actual					Minimum Capital Required-Basel III Phase-In Schedule					Minimum Capital Required-Basel III Fully Phased-In					To Be Well Capitalized Under Prompt Corrective Action Provisions
(Amounts in thousands)	Amount		Ratio			Amount		Ratio			Amount		Ratio			Amount		Ratio
Common Equity Tier 1 Ratio
First Community Bancshares, Inc.	$	246,237		14.54	%	$	76,196		4.50	%	$	118,527		7.00	%		NA		NA
First Community Bank		228,669		13.60	%		75,682		4.50	%		117,728		7.00	%		109,319		6.50	%
Total Capital to Risk-Weighted Assets
First Community Bancshares, Inc.		269,998		15.95	%		135,459		8.00	%		177,791		10.50	%		NA		NA
First Community Bank		249,228		14.82	%		134,546		8.00	%		176,592		10.50	%		168,183		10.00	%
Tier 1 Capital to Risk-Weighted Assets
First Community Bancshares, Inc.		249,436		14.73	%		101,595		6.00	%		143,926		8.50	%		NA		NA
First Community Bank		228,669		13.60	%		100,910		6.00	%		142,955		8.50	%		134,546		8.00	%
Tier 1 Capital to Average Assets (Leverage)
First Community Bancshares, Inc.		249,436		10.62	%		93,935		4.00	%		93,935		4.00	%		NA		NA
First Community Bank		228,669		9.77	%		93,616		4.00	%		93,616		4.00	%		117,020		5.00	%

The following table presents the Company’s and the Bank’s actual and required capital ratios as of December 31, 2014, under the regulatory capital rules then in effect.


	December 31, 2014
	Actual					For Capital Adequacy Purposes					To Be Well Capitalized Under Prompt Corrective Action Provisions
(Amounts in thousands)	Amount		Ratio			Amount		Ratio			Amount		Ratio
Total Capital to Risk-Weighted Assets
First Community Bancshares, Inc.	$	284,999		17.68	%	$	128,962		8.00	%		N/A		N/A
First Community Bank		251,256		15.73	%		127,761		8.00	%	$	159,701		10.00	%
Tier 1 Capital to Risk-Weighted Assets
First Community Bancshares, Inc.		264,838		16.43	%		64,481		4.00	%		N/A		N/A
First Community Bank		231,286		14.48	%		63,881		4.00	%		95,821		6.00	%
Tier 1 Capital to Average Assets (Leverage)
First Community Bancshares, Inc.		264,838		10.12	%		104,679		4.00	%		N/A		N/A
First Community Bank		231,286		8.87	%		104,330		4.00	%		130,412		5.00	%