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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2016
Condensed Balance Sheets | 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 |
|  | 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 |
|  | 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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