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Note 2 - Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

		As recorded by				Fair Value					As recorded by
(Amounts in thousands, except share data)		Surrey				Adjustments					the Company
Assets
Cash and cash equivalents		$	176,700			$	—				$	176,700
Securities available for sale			22,027				(1,093	)	( a )			20,934
Loans held for investment, net of allowance and mark			251,944				(12,864	)	( b )			239,080
Premises and equipment			5,501				774		( c )			6,275
Other assets			10,787				(229	)	( d ), ( e )			10,558
Intangible assets			—				12,700		( f )			12,700
Total assets		$	466,959			$	(712	)			$	466,247
LIABILITIES
Deposits:
Noninterest-bearing		$	158,389			$	—				$	158,389
Interest-bearing			246,460				(1,214	)	( g )			245,246
Total deposits			404,849				(1,214	)				403,635
Long term debt			—				—					—
Other liabilities			6,004				(381	)	( h )			5,623
Total liabilities			410,853				(1,595	)				409,258
Net identifiable assets acquired over (under) liabilities assumed			56,106				883					56,989
Goodwill			—				14,381					14,381
Net assets acquired over liabilities assumed		$	56,106			$	15,264				$	71,370
Consideration:
First Community Bankshares, Inc. common												2,996,786
Purchase price per share of the Company's common stock											$	23.81
Fair Value of Company common stock issued												71,354
Cash paid for fractional shares												16
Fair Value of total consideration transferred											$	71,370

Business Acquisition, Pro Forma Information [Table Text Block]

		ProForma				ProForma
		Year Ended				Year Ended
(Dollars in thousands)		December 31, 2023				December 31, 2022
Total revenues (net interest income plus noninterest income)		$	165,136			$	170,206
Net adjusted income available to the common shareholder		$	50,282			$	55,415

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
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479907/805-20-50-1

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