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Note 2 - Acquisitions - Acquisition (Details) - USD ($) $ / shares in Units, $ in Thousands | Sep. 11, 2019 | Sep. 30, 2020 | Dec. 31, 2019 | [1]
--- | --- | --- | --- | ---
Goodwill |  |  | $ 129,565 | $ 129,565
Highlands Bankshares, Inc. [Member] |  |  |  |
Cash and cash equivalents |  | $ 25,879 |  |
Securities available for sale |  | 53,732 |  |
Loans held for sale |  | 263 |  |
Loans held for investment, net of allowance and mark |  | 427,467 |  |
Premises and equipment |  | 14,405 |  |
Other real estate |  | 1,963 |  |
Other assets |  | 27,806 |  |
Intangible assets |  | 4,490 |  |
Total assets |  | 556,005 |  |
Noninterest-bearing |  | 155,714 |  |
Interest-bearing |  | 347,289 |  |
Total deposits |  | 503,003 |  |
Long term debt |  | 40 |  |
Other liabilities |  | 3,136 |  |
Total liabilities |  | 506,179 |  |
Net identifiable assets acquired over (under) liabilities assumed |  | 49,826 |  |
Goodwill |  | 36,821 |  |
Net assets acquired over liabilities assumed |  | $ 86,647 |  |
First Community Bankshares, Inc. common (in shares) |  | 2,792,729 |  |
Purchase price per share of the Company's common stock (in dollars per share) |  | $ 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 |  |
Highlands Bankshares, Inc. [Member] | Recorded by Acquiree [Member] |  |  |  |
Cash and cash equivalents |  | 25,879 |  |
Securities available for sale |  | 53,732 |  |
Loans held for sale |  | 263 |  |
Loans held for investment, net of allowance and mark |  | 438,896 |  |
Premises and equipment |  | 16,722 |  |
Other real estate |  | 1,963 |  |
Other assets |  | 25,556 |  |
Intangible assets |  | 0 |  |
Total assets |  | 563,011 |  |
Noninterest-bearing |  | 155,714 |  |
Interest-bearing |  | 346,028 |  |
Total deposits |  | 501,742 |  |
Long term debt |  | 40 |  |
Other liabilities |  | 2,938 |  |
Total liabilities |  | 504,720 |  |
Net identifiable assets acquired over (under) liabilities assumed |  | 58,291 |  |
Goodwill |  | 0 |  |
Net assets acquired over liabilities assumed |  | 58,291 |  |
Highlands Bankshares, Inc. [Member] | Fair Value Adjustments [Member] |  |  |  |
Cash and cash equivalents |  | 0 |  |
Securities available for sale |  | 0 |  |
Loans held for sale |  | 0 |  |
Loans held for investment, net of allowance and mark | [2] | (11,429) |  |
Premises and equipment | [3] | (2,317) |  |
Other real estate |  | 0 |  |
Other assets | [4] | 2,250 |  |
Intangible assets | [5] | 4,490 |  |
Total assets |  | (7,006) |  |
Noninterest-bearing |  | 0 |  |
Interest-bearing | [6] | 1,261 |  |
Total deposits |  | 1,261 |  |
Long term debt |  | 0 |  |
Other liabilities | [7] | 198 |  |
Total liabilities |  | 1,459 |  |
Net identifiable assets acquired over (under) liabilities assumed |  | (8,465) |  |
Goodwill |  | 36,821 |  |
Net assets acquired over liabilities assumed |  | $ 28,356 |  |
[1] | Derived from audited financial statements
[2] | Adjustment reflects the fair value adjustments of $(14.70) million based on the Company's evaluation of the acquired loan portfolio and excludes the allowance for loan losses ("ALLL") and deferred loan fees of $3.27 million recorded by Highlands.
[3] | Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired premises and equipment.
[4] | Adjustment to record the deferred tax asset related to the fair value adjustments.
[5] | Adjustment reflects the recording of the core deposit intangible on the acquired deposit accounts.
[6] | Adjustment reflects the fair value adjustment based on the Company's evaluation of the time deposit portfolio.
[7] | Adjustment reflects the fair value adjustment for death benefits payable of $320 thousand, the fair value adjustment for lease liability of $(37) thousand and the fair value adjustment to the reserve for unfunded commitments of $(85) thousand.

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