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Note 2 - Acquisitions - Surrey Acquisition (Details) - USD ($) $ / shares in Units, $ in Thousands | Apr. 21, 2023 | Jun. 30, 2024 | Dec. 31, 2023 | [1]
--- | --- | --- | --- | ---
Noninterest-bearing |  |  | $ 889,462 | $ 931,920
Interest-bearing |  |  | 1,787,810 | 1,790,405
Total deposits |  |  | 2,677,272 | 2,722,325
Goodwill |  |  | $ 143,946 | $ 143,946
Surrey [Member] |  |  |  |
Cash and cash equivalents |  | $ 176,700 |  |
Securities-available-for-sale | [2] | 20,934 |  |
Loans held for investment, net of allowance and mark | [3] | 239,080 |  |
Premises and equipment | [4] | 6,275 |  |
Other assets | [5],[6] | 10,558 |  |
Intangible assets | [7] | 12,700 |  |
Total assets |  | 466,247 |  |
Noninterest-bearing |  | 158,389 |  |
Interest-bearing | [8] | 245,246 |  |
Total deposits |  | 403,635 |  |
Long term debt |  | 0 |  |
Other liabilities | [9] | 5,623 |  |
Total liabilities |  | 409,258 |  |
Net identifiable assets acquired over liabilities assumed |  | 56,989 |  |
Goodwill |  | 14,381 |  |
Net assets acquired over liabilities assumed |  | $ 71,370 |  |
First Community Bankshares, Inc. common stock issued (in shares) |  | 2,996,786 |  |
Purchase price per share of the Company's common stock (in dollars per share) |  | $ 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 |  |
Surrey [Member] | Recorded By Surrey [Member] |  |  |  |
Cash and cash equivalents |  | 176,700 |  |
Securities-available-for-sale | [2] | 22,027 |  |
Loans held for investment, net of allowance and mark | [3] | 251,944 |  |
Premises and equipment | [4] | 5,501 |  |
Other assets | [5],[6] | 10,787 |  |
Intangible assets | [7] | 0 |  |
Total assets |  | 466,959 |  |
Noninterest-bearing |  | 158,389 |  |
Interest-bearing | [8] | 246,460 |  |
Total deposits |  | 404,849 |  |
Long term debt |  | 0 |  |
Other liabilities | [9] | 6,004 |  |
Total liabilities |  | 410,853 |  |
Net identifiable assets acquired over liabilities assumed |  | 56,106 |  |
Goodwill |  | 0 |  |
Net assets acquired over liabilities assumed |  | 56,106 |  |
Surrey [Member] | Fair Value Adjustments [Member] |  |  |  |
Cash and cash equivalents |  | 0 |  |
Securities-available-for-sale | [2] | (1,093) |  |
Loans held for investment, net of allowance and mark | [3] | (12,864) |  |
Premises and equipment | [4] | 774 |  |
Other assets | [5],[6] | (229) |  |
Intangible assets | [7] | 12,700 |  |
Total assets |  | (712) |  |
Noninterest-bearing |  | 0 |  |
Interest-bearing | [8] | (1,214) |  |
Total deposits |  | (1,214) |  |
Long term debt |  | 0 |  |
Other liabilities | [9] | (381) |  |
Total liabilities |  | (1,595) |  |
Net identifiable assets acquired over liabilities assumed |  | 883 |  |
Goodwill |  | 14,381 |  |
Net assets acquired over liabilities assumed |  | $ 15,264 |  |
[1] | Derived from audited financial statements
[2] | Adjustment reflects the fair value adjustment based on the Company's evaluation of the acquired investment portfolio.
[3] | Adjustment reflects the fair value adjustments of $(15.80) million based on the Company's evaluation of the acquired loan portfolio and excludes the allowance for credit losses and deferred loans fees of $2.94 million as recorded by Surrey.
[4] | Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired premises and equipment.
[5] | Adjustment reflects the fair value adjustment based on the Company's evaluation of stocks with other banks of $47 thousand.
[6] | Adjustment to record the deferred tax asset related to the fair value adjustments $(177) thousand.
[7] | Adjustment to record the core deposit intangible on the acquired deposit accounts.
[8] | Adjustment reflects the fair value adjustment based on the Company's evaluation of the time deposit portfolio.
[9] | Adjustment to reclass deferred tax asset $(99) thousand, goodwill $(282) thousand, federal income tax payable $(389) thousand, and state income tax payable $8 thousand.

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