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Parent Company Financial Information | 12 Months Ended
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Dec. 31, 2016
Parent Company Financial Information | Note 22. Parent Company Financial Information The following tables present condensed financial information for the parent company, First Community Bancshares, Inc., as of and for the dates indicated:
|  | CONDENSED BALANCE SHEETS |
|  | December 31, |
(Amounts in thousands) |  | 2016 |  |  | 2015 |
Assets |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 23,561 |  |  | $ | 8,367 |
Securities available for sale |  |  | 17 |  |  |  | 8,459 |
Loans to affiliates |  |  | 228 |  |  |  | — |
Investment in subsidiaries |  |  | 321,389 |  |  |  | 336,311 |
Other assets |  |  | 9,560 |  |  |  | 5,489 |
Total assets |  | $ | 354,755 |  |  | $ | 358,626 |
Liabilities |  |  |  |  |  |  |  |
Subordinated debt |  | $ | 15,464 |  |  | $ | 15,464 |
Other liabilities |  |  | 234 |  |  |  | 145 |
Total liabilities |  |  | 15,698 |  |  |  | 15,609 |
Stockholders’ equity |  |  |  |  |  |  |  |
Preferred stock |  |  | — |  |  |  | — |
Common stock |  |  | 21,382 |  |  |  | 21,382 |
Additional paid-in capital |  |  | 228,142 |  |  |  | 227,692 |
Retained earnings |  |  | 170,377 |  |  |  | 154,550 |
Treasury stock |  |  | (78,833 | ) |  |  | (56,457 | )
Accumulated other comprehensive loss |  |  | (2,011 | ) |  |  | (4,150 | )
Total stockholders’ equity |  |  | 339,057 |  |  |  | 343,017 |
Total liabilities and stockholders’ equity |  | $ | 354,755 |  |  | $ | 358,626 |
|  | CONDENSED STATEMENTS OF INCOME |
|  | Year Ended December 31, |
(Amounts in thousands) |  | 2016 |  |  | 2015 |  |  | 2014 |
Cash dividends received from subsidiary bank |  | $ | 32,000 |  |  | $ | 22,970 |  |  | $ | 14,148 |
Other income |  |  | (1,121 | ) |  |  | 1,039 |  |  |  | 515 |
Other operating expense |  |  | 2,097 |  |  |  | 2,080 |  |  |  | 1,793 |
Income before income taxes and equity in undistributed net (loss) income of subsidiaries |  |  | 28,782 |  |  |  | 21,929 |  |  |  | 12,870 |
Income tax benefit |  |  | (1,287 | ) |  |  | (616 | ) |  |  | (511 | )
Income before equity in undistributed net income of subsidiaries |  |  | 30,069 |  |  |  | 22,545 |  |  |  | 13,381 |
(Dividends in excess of) equity in undistributed net income of subsidiaries |  |  | (4,943 | ) |  |  | 1,995 |  |  |  | 12,109 |
Net income |  |  | 25,126 |  |  |  | 24,540 |  |  |  | 25,490 |
Dividends on preferred stock |  |  | — |  |  |  | 105 |  |  |  | 910 |
Net income available to common shareholders |  | $ | 25,126 |  |  | $ | 24,435 |  |  | $ | 24,580 |
|  | CONDENSED STATEMENTS OF CASH FLOWS |
|  | Year Ended December 31, |
(Amounts in thousands) |  | 2016 |  |  | 2015 |  |  | 2014 |
Operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 25,126 |  |  | $ | 24,540 |  |  | $ | 25,490 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | — |  |  |  | (1,995 | ) |  |  | (12,109 | )
(Gain) loss on sale of securities |  |  | (65 | ) |  |  | (38 | ) |  |  | 2 |
Net change in other operating activities |  |  | 397 |  |  |  | (626 | ) |  |  | 4,212 |
Net cash provided by operating activities |  |  | 25,458 |  |  |  | 21,881 |  |  |  | 17,595 |
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of securities available for sale |  |  | 8,660 |  |  |  | 199 |  |  |  | 5,030 |
Proceeds from divestitures |  |  | 4,900 |  |  |  | — |  |  |  | — |
Return of capital from (investment in) subsidiaries |  |  | 3,654 |  |  |  | — |  |  |  | (2,000 | )
Dividends in excess of undistributed net income of subsidiaries |  |  | 4,943 |  |  |  | — |  |  |  | — |
Net change in other investing activities |  |  | (98 | ) |  |  | — |  |  |  | — |
Net cash provided by investing activities |  |  | 22,059 |  |  |  | 199 |  |  |  | 3,030 |
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
(Repayments of) proceeds from other debt |  |  | — |  |  |  | (2,000 | ) |  |  | 2,000 |
Redemption of preferred stock |  |  | — |  |  |  | (2,367 | ) |  |  | — |
Proceeds from issuance of common stock |  |  | 1,243 |  |  |  | 264 |  |  |  | 89 |
Payments for repurchase of treasury stock |  |  | (23,762 | ) |  |  | (21,525 | ) |  |  | (2,168 | )
Payments of common dividends |  |  | (10,396 | ) |  |  | (9,994 | ) |  |  | (9,200 | )
Payments of preferred dividends |  |  | — |  |  |  | (219 | ) |  |  | (910 | )
Net change in other financing activities |  |  | 592 |  |  |  | 482 |  |  |  | 338 |
Net cash used in financing activities |  |  | (32,323 | ) |  |  | (35,359 | ) |  |  | (9,851 | )
Net increase (decrease) in cash and cash equivalents |  |  | 15,194 |  |  |  | (13,279 | ) |  |  | 10,774 |
Cash and cash equivalents at beginning of period |  |  | 8,367 |  |  |  | 21,646 |  |  |  | 10,872 |
Cash and cash equivalents at end of period |  | $ | 23,561 |  |  | $ | 8,367 |  |  | $ | 21,646 |

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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 FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: 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=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: 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=26873400&loc=d3e24072-122690 + Details
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