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Note 22 - Parent Company Financial Information
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
Note
2
2
.
Parent Company Financial Information
 
The following table
s 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)
  
2017
    
2016
  
Assets
                
Cash and due from banks
   $
19,216
     $
23,561
  
Securities available for sale
    
-
      
17
  
Loans to affiliates
    
184
      
228
  
Investment in subsidiaries
    
322,595
      
321,389
  
Other assets
    
9,010
      
9,560
  
Total assets
   $
351,005
     $
354,755
  
                 
Liabilities
                
Subordinated debt
   $
-
     $
15,464
  
Other liabilities
    
291
      
234
  
Total liabilities
    
291
      
15,698
  
                 
Stockholders' equity
                
Preferred stock
    
-
      
-
  
Common stock
    
21,382
      
21,382
  
Additional paid-in capital
    
228,750
      
228,142
  
Retained earnings
    
180,543
      
170,377
  
Treasury stock
    
(79,121
 )    
(78,833
 )
Accumulated other comprehensive loss
    
(840
 )    
(2,011
 )
Total stockholders' equity
    
350,714
      
339,057
  
Total liabilities and stockholders' equity
   $
351,005
     $
354,755
  
 
   
CONDENSED STATEMENTS OF INCOME
  
 
  
Year Ended December 31,
 
   
2017
    
2016
    
2015
  
(Amounts in thousands)
                        
Cash dividends received from subsidiary bank
   $
22,720
     $
32,000
     $
22,970
  
Other income (expense)
    
352
      
(1,121
 )    
1,039
  
Other operating expense
    
2,044
      
2,097
      
2,080
  
Income before income taxes and equity in undistributed net income of subsidiaries
    
21,028
      
28,782
      
21,929
  
Income tax benefit
    
(678
 )    
(1,287
 )    
(616
 )
Income before equity in undistributed net income
of subsidiaries
    
21,706
      
30,069
      
22,545
  
(Dividends in excess of) equity in undistributed net income of subsidiaries
    
(221
 )    
(4,943
 )    
1,995
  
Net income
    
21,485
      
25,126
      
24,540
  
Dividends on preferred stock
    
-
      
-
      
105
  
Net income available to common shareholders
   $
21,485
     $
25,126
     $
24,435
  
 
   
CONDENSED STATEMENTS OF CASH FLOWS
  
 
  
Year Ended December 31,
  
(Amounts in thousands)
  
2017
    
2016
    
2015
  
Operating activities
                        
Net income
   $
21,485
     $
25,126
     $
24,540
  
Adjustments to reconcile net income to net cash provided by operating activities
                        
Equity in undistributed net income of subsidiaries
    
-
      
-
      
(1,995
 )
Gain on sale of securities
    
-
      
(65
 )    
(38
 )
Net change in other operating activities
    
656
      
397
      
(626
 )
Net cash provided by operating activities
    
22,141
      
25,458
      
21,881
  
Investing activities
                        
Proceeds from sale of securities available for sale
    
-
      
8,660
      
199
  
Proceeds from divestitures
    
-
      
4,900
      
-
  
Return of capital from subsidiaries
    
-
      
3,654
      
-
  
Dividends in excess of undistributed net income of subsidiaries
    
221
      
4,943
      
-
  
Net change in other investing activities
    
-
      
(98
 )    
-
  
Net cash provided by investing activities
    
221
      
22,059
      
199
  
Financing activities
                        
Repayments of other debt
    
-
      
-
      
(2,000
 )
Repayments of long-term debt
    
(15,464
 )    
-
      
-
  
Redemption of preferred stock
    
-
      
-
      
(2,367
 )
Proceeds from issuance of common stock
    
738
      
1,243
      
264
  
Payments for repurchase of treasury stock
    
(1,263
 )    
(23,762
 )    
(21,525
 )
Payments of common dividends
    
(11,563
 )    
(10,396
 )    
(9,994
 )
Payments of preferred dividends
    
-
      
-
      
(219
 )
Net change in other financing activities
    
845
      
592
      
482
  
Net cash used in financing activities
    
(26,707
 )    
(32,323
 )    
(35,359
 )
Net (decrease) increase in cash and cash equivalents
    
(4,345
 )    
15,194
      
(13,279
 )
Cash and cash equivalents at beginning of period
    
23,561
      
8,367
      
21,646
  
Cash and cash equivalents at end of period
   $
19,216
     $
23,561
     $
8,367