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Note 21 - Parent Company Financial Information | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Note 21. Parent Company Financial Information The following tables present condensed financial information for the parent company, First Community Bankshares, Inc., as of and for the dates indicated:
|  | CONDENSED BALANCE SHEETS |
|  | December 31, |
(Amounts in thousands) |  | 2023 |  |  | 2022 |
Assets |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 14,681 |  |  | $ | 16,988 |
Securities available for sale |  |  | 22,468 |  |  |  | 17,313 |
Investment in subsidiaries |  |  | 460,731 |  |  |  | 382,286 |
Other assets |  |  | 6,227 |  |  |  | 5,910 |
Total assets |  | $ | 504,107 |  |  | $ | 422,497 |
Liabilities |  |  |  |  |  |  |  |
Other liabilities |  | $ | 813 |  |  | $ | 512 |
Total liabilities |  |  | 813 |  |  |  | 512 |
Stockholders' equity |  |  |  |  |  |  |  |
Common stock |  |  | 18,502 |  |  |  | 16,225 |
Additional paid-in capital |  |  | 175,841 |  |  |  | 128,508 |
Retained earnings |  |  | 319,902 |  |  |  | 292,971 |
Accumulated other comprehensive loss |  |  | (10,951 | ) |  |  | (15,719 | )
Total stockholders' equity |  |  | 503,294 |  |  |  | 421,985 |
Total liabilities and stockholders' equity |  | $ | 504,107 |  |  | $ | 422,497 |
|  | CONDENSED STATEMENTS OF INCOME |
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Cash dividends received from subsidiary bank |  | $ | 45,700 |  |  | $ | 56,250 |  |  | $ | 53,200 |
Other income |  |  | 1,397 |  |  |  | 222 |  |  |  | 8 |
Other operating expense |  |  | 1,524 |  |  |  | 1,052 |  |  |  | 1,086 |
Income before income taxes and equity in undistributed net income of subsidiaries |  |  | 45,573 |  |  |  | 55,420 |  |  |  | 52,122 |
Income tax benefit |  |  | (41 | ) |  |  | (224 | ) |  |  | (351 | )
Income before equity in undistributed net income of subsidiaries |  |  | 45,614 |  |  |  | 55,644 |  |  |  | 52,473 |
Equity in (dividends in excess) of undistributed net income of subsidiaries |  |  | 2,406 |  |  |  | (8,982 | ) |  |  | (1,305 | )
Net income |  | $ | 48,020 |  |  | $ | 46,662 |  |  | $ | 51,168 |
|  | CONDENSED STATEMENTS OF CASH FLOWS |
|  | Year Ended December 31, |
(Amounts in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 48,020 |  |  | $ | 46,662 |  |  | $ | 51,168 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net change in other operating activities |  |  | (3,275 | ) |  |  | 8,442 |  |  |  | 253 |
Net cash provided by operating activities |  |  | 44,745 |  |  |  | 55,104 |  |  |  | 51,421 |
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Purchase of investment securities |  |  | (69,469 | ) |  |  | (19,372 | ) |  |  | — |
Proceeds from maturities, calls, sales of investment securities |  |  | 65,250 |  |  |  | 11,807 |  |  |  | (9,919 | )
Dividends in excess of undistributed net income of subsidiaries |  |  | — |  |  |  | — |  |  |  | 1,305 |
Net cash (used) provided by investing activities |  |  | (4,219 | ) |  |  | (7,565 | ) |  |  | (8,614 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of common stock |  |  | 91 |  |  |  | 172 |  |  |  | — |
Payments for repurchase of common stock |  |  | (23,038 | ) |  |  | (21,311 | ) |  |  | (28,882 | )
Payments of common dividends |  |  | (21,089 | ) |  |  | (18,515 | ) |  |  | (18,059 | )
Net change in other financing activities |  |  | 1,203 |  |  |  | 1,375 |  |  |  | 1,773 |
Net cash (used) provided by financing activities |  |  | (42,833 | ) |  |  | (38,279 | ) |  |  | (45,168 | )
Cash and cash equivalents increase (decrease) |  |  | (2,307 | ) |  |  | 9,260 |  |  |  | (2,361 | )
Cash and cash equivalents at carrying value at beginning of period |  |  | 16,988 |  |  |  | 7,728 |  |  |  | 10,089 |
Cash and cash equivalents at carrying value at end of period |  | $ | 14,681 |  |  | $ | 16,988 |  |  | $ | 7,728 |

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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/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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