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Note 2 - Acquisitions (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

		As recorded by				Fair Value					As recorded by
(Amounts in thousands)		Highlands				Adjustments					the Company
Assets
Cash and cash equivalents		$	25,879			$	-				$	25,879
Securities available for sale			53,732				-					53,732
Loans held for sale			263				-					263
Loans held for investment, net of allowance and mark			438,896				(11,429	)	( a )			427,467
Premises and equipment			16,722				(2,317	)	( b )			14,405
Other real estate			1,963				-					1,963
Other assets			25,556				2,250		( c )			27,806
Intangible assets			-				4,490		( d )			4,490
Total assets		$	563,011			$	(7,006	)			$	556,005
LIABILITIES
Deposits:
Noninterest-bearing		$	155,714			$	-				$	155,714
Interest-bearing			346,028				1,261		( e )			347,289
Total deposits			501,742				1,261					503,003
Long term debt			40				-					40
Other liabilities			2,938				198		( f )			3,136
Total liabilities			504,720				1,459					506,179
Net identifiable assets acquired over (under) liabilities assumed			58,291				(8,465	)				49,826
Goodwill			-				36,821					36,821
Net assets acquired over liabilities assumed		$	58,291			$	28,356				$	86,647
Consideration:
First Community Bankshares, Inc. common												2,792,729
Purchase price per share of the Company's common stock											$	31.02
Fair value of Company common stock issued												86,631
Cash paid for fractional shares												16
Fair Value of total consideration transferred											$	86,647

Business Acquisition, Pro Forma Information [Table Text Block]

		ProForma				ProForma
(Dollars in thousands)		March 31, 2020				March 31, 2019
Total revenues (net interest income plus noninterest income)		$	35,231			$	37,234
Net adjusted income available to the common shareholder		$	9,360			$	11,358

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-Section 50
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