(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

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