The bank maintains a conservative capital structure with an equity-to-assets ratio of 0.14, while total assets remain range-bound between $3.2 billion and $3.6 billion.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 1.81B | 644.93M | 216.72M | 360.07M | 365.56M | 126.69M | 144.16M | 238.58M | 194.53M | 203.64M | 203.17M | 404.46M | 366.9M | 574.57M | 612.7M | 527.82M | 30.66M | 39.97M | 46.44M | 52.75M | 57.76M | 57.54M | 54.75M | 59.31M | 124.58M | 47.57M | 50.24M | 37.79M | 33.96M | 34.76M | 27.37M |
| Cash & Due from Banks | 600.3M | 512.24M | 80.46M | 79.11M | 65.21M | 50.4M | 60.8M | 69.01M | 41.42M | 38.06M | 37.59M | 38.29M | 40.79M | 54.75M | 78.34M | 45.38M | 30.66M | 39.97M | 46.44M | 52.75M | 57.76M | 57.54M | 54.75M | 59.31M | 124.58M | 47.57M | 50.24M | 37.79M | 33.96M | 34.76M | 27.37M |
| Short Term Investments | 267.52M | 132.69M | 136.26M | 280.96M | 300.35M | 76.29M | 83.36M | 169.57M | 153.12M | 165.58M | 165.58M | 366.17M | 326.12M | 519.82M | 534.36M | 482.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 267.52M | 132.69M | 2.55B | 2.82B | 2.67B | 2.21B | 2.24B | 2.27B | 1.93B | 1.99B | 2.05B | 2.13B | 2.06B | 2.21B | 2.24B | 1.86B | 1.85B | 1.87B | 1.81B | 1.89B | 1.8B | 1.75B | 1.65B | 1.49B | 1.32B | 1.35B | 1.02B | 905.67M | 877.3M | 931.38M | 775.16M |
| Investments Growth % | -194.11% | -94.8% | -9.44% | 5.51% | 20.6% | -1.33% | -0.97% | 17.1% | -2.7% | -2.89% | -3.64% | 3.41% | -6.92% | -1.46% | 20.37% | 0.68% | -1.37% | 3.43% | -4.08% | 5.01% | 3.06% | 6.05% | 10.19% | 13.07% | -2.26% | 32.62% | 12.56% | 3.23% | -5.81% | 20.15% | - |
| Long-Term Investments | 4.76B | 0 | 2.41B | 2.54B | 2.37B | 2.14B | 2.16B | 2.1B | 1.78B | 1.82B | 1.88B | 1.76B | 1.73B | 1.69B | 1.71B | 1.38B | 1.85B | 1.87B | 1.81B | 1.89B | 1.8B | 1.75B | 1.65B | 1.49B | 1.32B | 1.35B | 1.02B | 905.67M | 877.3M | 931.38M | 775.16M |
| Accounts Receivables | 9.86M | 8.72M | 9.21M | 10.88M | 9.28M | 7.9M | 9.05M | 6.68M | 5.48M | 5.78M | 5.55M | 6.01M | 6.32M | 7.52M | 7.84M | 6.19M | 7.67M | 8.61M | 10.08M | 12.46M | 12.14M | 10.23M | 8.55M | 8.33M | 7.9M | 8.77M | 9.26M | 8.09M | 7.03M | 7.69M | 6.34M |
| Goodwill & Intangibles | 164.51M | 155.04M | 156.96M | 159.09M | 133.74M | 135.19M | 136.63M | 138.08M | 97.77M | 101.93M | 102.99M | 105.73M | 107.14M | 108.32M | 108.39M | 87.38M | 90.64M | 91.06M | 89.61M | 12.46M | 12.14M | 10.23M | 8.55M | 8.35M | 7.9M | 8.77M | 9.26M | 8.09M | 7.03M | 7.69M | 6.34M |
| Goodwill | 145.67M | 143.95M | 143.95M | 143.95M | 129.56M | 129.56M | 129.56M | 129.56M | 92.74M | 95.78M | 95.78M | 100.49M | 100.72M | 105.45M | 104.87M | 83.06M | 84.91M | 84.65M | 83.19M | 0 | 0 | 10.23M | 8.55M | 8.35M | 7.9M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 18.84M | 11.1M | 13.01M | 15.14M | 4.18M | 5.62M | 7.07M | 8.52M | 5.03M | 6.15M | 7.21M | 5.24M | 6.42M | 2.87M | 3.52M | 4.33M | 5.72M | 6.41M | 6.42M | 12.46M | 12.14M | 0 | 0 | 0 | 0 | 8.77M | 9.26M | 8.09M | 7.03M | 7.69M | 6.34M |
| PP&E (Net) | 50.2M | 47.56M | 48.73M | 50.68M | 47.34M | 52.28M | 57.7M | 62.82M | 45.78M | 48.13M | 50.09M | 52.76M | 55.84M | 61.12M | 64.87M | 54.72M | 56.24M | 56.95M | 55.02M | 48.38M | 36.89M | 36.39M | 37.36M | 30.02M | 25.08M | 21.71M | 21.19M | 20.58M | 21.53M | 20.61M | 14.56M |
| Other Assets | 0 | 0 | 414.74M | 151.72M | 210.01M | 734.74M | 503.14M | 256.38M | 118.98M | 205.98M | 142.47M | 134.47M | 342.8M | 162.89M | 228.7M | 109.51M | 209.9M | 201.96M | 119.56M | 76.51M | 65.23M | 41.07M | 22.34M | 41.73M | 18.25M | 21.75M | 93.67M | 92.59M | 89.84M | 22.14M | 10.12M |
| Total Current Assets | 877.68M | 653.65M | 225.93M | 370.95M | 374.84M | 134.59M | 153.22M | 245.26M | 200.01M | 208.47M | 208.72M | 410.47M | 371.88M | 582.09M | 620.54M | 534.01M | 38.34M | 48.58M | 56.52M | 65.21M | 69.9M | 67.77M | 63.3M | 67.64M | 132.48M | 56.33M | 59.5M | 45.88M | 40.97M | 42.45M | 33.71M |
| Total Non-Current Assets | 214.72M | 202.6M | 3.04B | 2.9B | 2.76B | 3.06B | 2.86B | 2.55B | 2.04B | 2.18B | 2.18B | 2.05B | 2.23B | 2.02B | 2.11B | 1.63B | 2.21B | 2.22B | 2.08B | 2.08B | 1.96B | 1.88B | 1.77B | 1.61B | 1.39B | 1.42B | 1.16B | 1.04B | 1.01B | 999.9M | 803.95M |
| Total Assets | 3.64B | 3.26B | 3.26B | 3.27B | 3.14B | 3.19B | 3.01B | 2.8B | 2.24B | 2.39B | 2.39B | 2.46B | 2.61B | 2.6B | 2.73B | 2.16B | 2.24B | 2.27B | 2.13B | 2.15B | 2.03B | 1.95B | 1.83B | 1.67B | 1.52B | 1.48B | 1.22B | 1.09B | 1.05B | 1.04B | 837.66M |
| Asset Growth % | 10.27% | -0.05% | -0.22% | 4.24% | -1.85% | 6.09% | 7.58% | 24.7% | -6.03% | 0.09% | -3.08% | -5.59% | 0.21% | -4.71% | 26.16% | -3.54% | -1.35% | 6.64% | -0.77% | 5.71% | 4.16% | 6.65% | 9.45% | 9.73% | 3.12% | 21.36% | 11.93% | 3.24% | 1.12% | 24.44% | - |
| Return on Assets (ROA) | 1.48% | 1.5% | 1.58% | 1.5% | 1.47% | 1.65% | 1.24% | 1.54% | 1.57% | 0.9% | 1.04% | 0.97% | 0.98% | 0.87% | 1.17% | 0.91% | 0.97% | -1.76% | 0.14% | 1.42% | 1.45% | 1.39% | 1.28% | 1.76% | 1.61% | 1.42% | 1.48% | 1.57% | 1.25% | 1.61% | 1.66% |
| Accounts Payable | 0 | 0 | 0 | 0 | 32.9M | 35.82M | 37.2M | 38.52M | 26.4M | 27.77M | 27.29M | 26.63M | 26.06M | 22.77M | 28.82M | 20.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.85M | 13.24M | 13.44M | 0 | 0 | 0 |
| Total Debt | 3.18M | 1.21M | 906K | 1.12M | 1.87M | 1.54M | 964K | 1.6M | 29.37M | 80.09M | 178.71M | 219.37M | 229.74M | 300.4M | 313.55M | 295.14M | 191.19M | 198.92M | 381.79M | 517.84M | 406.56M | 336.23M | 274.21M | 242.27M | 216.23M | 251.08M | 184.19M | 137.98M | 18.18M | 27.15M | 40.59M |
| Net Debt | -597.12M | -511.03M | -79.55M | -77.99M | -63.34M | -48.87M | -59.84M | -67.41M | -12.05M | 42.03M | 141.12M | 181.08M | 188.95M | 245.65M | 235.22M | 249.76M | 160.53M | 158.96M | 335.35M | 465.1M | 348.8M | 278.69M | 219.47M | 182.96M | 91.65M | 203.52M | 133.95M | 100.19M | -15.77M | -7.61M | 13.22M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50M | 80.71M | 80.76M | 108M | 166.09M | 177.44M | 165.93M | 191.19M | 198.92M | 215.88M | 291.92M | 197.67M | 128.88M | 15M | 15M | 124.36M | 145.32M | 0 | 10.22M | 18.18M | 24.44M | 15.13M |
| Short-Term Debt | 3.18M | 1.21M | 906K | 1.12M | 1.87M | 1.54M | 964K | 1.6M | 29.37M | 30.09M | 98M | 138.61M | 121.74M | 134.31M | 136.12M | 129.21M | 0 | 0 | 165.91M | 225.93M | 208.88M | 207M | 259.21M | 227.27M | 91.88M | 105.76M | 184.19M | 127.76M | 0 | 2.71M | 25.47M |
| Other Liabilities | 3.12B | 1.86B | 42.67M | 41.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 140.89M | 176.13M | 0 | 21.45M | 19.64M | 15.8M | 14.31M | 29.89M | 15.94M | 0 | 0 | 0 | 58.1M | 63.81M | 64.25M |
| Total Current Liabilities | 3.18M | 897.47M | 2.69B | 2.72B | 2.71B | 2.77B | 2.58B | 2.37B | 1.91B | 1.99B | 1.97B | 2.04B | 2.15B | 2.11B | 2.2B | 1.69B | 1.64B | 1.65B | 1.7B | 1.62B | 1.6B | 1.61B | 1.62B | 1.45B | 1.23B | 1.2B | 1.1B | 974.46M | 876M | 856.21M | 668.97M |
| Total Non-Current Liabilities | 3.12B | 1.86B | 42.67M | 41.81M | 0 | 0 | 0 | 0 | 0 | 50M | 80.71M | 80.76M | 108M | 166.09M | 177.44M | 165.93M | 332.09M | 375.06M | 215.88M | 313.37M | 217.31M | 145.04M | 29.31M | 44.89M | 140.3M | 145.32M | 0 | 10.22M | 76.27M | 88.25M | 79.37M |
| Total Liabilities | 3.12B | 2.76B | 2.73B | 2.77B | 2.71B | 2.77B | 2.58B | 2.37B | 1.91B | 2.04B | 2.05B | 2.12B | 2.26B | 2.27B | 2.37B | 1.86B | 1.97B | 2.02B | 1.91B | 1.93B | 1.82B | 1.76B | 1.65B | 1.5B | 1.37B | 1.35B | 1.1B | 984.67M | 952.27M | 944.46M | 748.34M |
| Total Equity | 521.39M | 500.55M | 526.39M | 503.29M | 421.99M | 427.77M | 426.73M | 428.82M | 332.86M | 350.71M | 339.06M | 343.02M | 351.37M | 328.61M | 356.47M | 305.73M | 269.88M | 253.86M | 220.34M | 217.1M | 212.73M | 194.5M | 183.23M | 175.03M | 152.46M | 133.04M | 120.68M | 103.49M | 101.74M | 97.89M | 89.33M |
| Equity Growth % | -2.98% | -4.91% | 4.59% | 19.27% | -1.35% | 0.24% | -0.49% | 28.83% | -5.09% | 3.44% | -1.15% | -2.38% | 6.93% | -7.82% | 16.6% | 13.28% | 6.31% | 15.21% | 1.49% | 2.05% | 9.37% | 6.15% | 4.68% | 14.81% | 14.6% | 10.24% | 16.61% | 1.72% | 3.93% | 9.59% | - |
| Equity / Assets (Capital Ratio) | 14.3% | 15.36% | 16.14% | 15.4% | 13.46% | 13.39% | 14.17% | 15.32% | 14.83% | 14.68% | 14.21% | 13.93% | 13.47% | 12.63% | 13.05% | 14.12% | 12.03% | 11.16% | 10.33% | 10.1% | 10.46% | 9.96% | 10.01% | 10.46% | 10% | 9% | 9.91% | 9.51% | 9.65% | 9.39% | 10.66% |
| Return on Equity (ROE) | 9.63% | 9.5% | 10.02% | 10.38% | 10.98% | 11.98% | 8.4% | 10.19% | 10.63% | 6.23% | 7.37% | 7.07% | 7.5% | 6.81% | 8.63% | 6.96% | 8.34% | -16.32% | 1.41% | 13.79% | 14.22% | 13.93% | 12.48% | 17.22% | 16.97% | 15.08% | 15.22% | 16.42% | 13.13% | 16.13% | 15.58% |
| Book Value per Share | 27.39 | 27.19 | 28.56 | 27.92 | 25.48 | 24.58 | 23.95 | 27.22 | 19.97 | 20.54 | 19.52 | 18.32 | 18.03 | 15.68 | 17.41 | 16.36 | 15.14 | 17.07 | 19.79 | 19.22 | 18.86 | 17.15 | 16.14 | 13.97 | 14.16 | 12.12 | 11.42 | 9.69 | 9.55 | 9.16 | 10.50 |
| Tangible BV per Share | 18.75 | 18.77 | 20.05 | 19.09 | 17.40 | 16.81 | 16.28 | 18.45 | 14.11 | 14.57 | 13.59 | 12.67 | 12.54 | 10.51 | 12.11 | 11.68 | 10.06 | 10.95 | 11.74 | 18.12 | 17.78 | 16.25 | 15.39 | 13.30 | 13.42 | 11.32 | 10.54 | 8.94 | 8.89 | 8.44 | 9.76 |
| Common Stock | 18.86M | 18.34M | 18.32M | 18.5M | 16.23M | 16.88M | 17.72M | 18.38M | 16.01M | 21.38M | 21.38M | 21.38M | 20.5M | 20.49M | 20.34M | 18.08M | 18.08M | 18.08M | 12.05M | 11.5M | 11.5M | 11.5M | 11.47M | 11.44M | 9.96M | 9.96M | 9.05M | 8.99M | 8.99M | 5.76M | 23.02M |
| Additional Paid-in Capital | 184.68M | 170.36M | 169.75M | 175.84M | 128.51M | 147.62M | 173.34M | 192.41M | 122.49M | 228.75M | 228.14M | 227.69M | 215.87M | 215.66M | 213.83M | 188.12M | 189.24M | 190.97M | 128.53M | 108.83M | 108.81M | 108.57M | 108.26M | 108.13M | 58.64M | 60.19M | 35.27M | 34.26M | 34.31M | 37.59M | 20.34M |
| Retained Earnings | 325.44M | 319.37M | 349.49M | 319.9M | 292.97M | 264.82M | 237.59M | 219.53M | 195.79M | 180.3M | 170.38M | 155.65M | 141.21M | 125.83M | 113.01M | 93.66M | 81.49M | 66.76M | 107.23M | 117.67M | 100.12M | 82.83M | 68.02M | 56.89M | 79.08M | 62.57M | 78.1M | 69.37M | 60.25M | 54.56M | 46.81M |
| Accumulated OCI | -7.59M | -7.51M | -11.17M | -10.95M | -15.72M | -1.55M | -1.92M | -1.51M | -1.43M | -840K | -2.01M | -5.25M | -5.61M | -14.74M | -1.82M | -7.33M | -12.19M | -13.65M | -52.52M | -7.28M | 232K | -771K | 2.36M | 4.98M | 6.76M | 755K | -1.54M | -6.2M | 1.24M | 1.25M | 433K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -79.12M | -78.83M | -56.46M | -35.75M | -33.89M | -6.46M | -5.72M | -6.74M | -9.89M | -15.37M | -13.61M | -7.92M | -7.63M | -6.88M | -6.41M | -1.98M | -424K | -202K | -2.94M | -1.4M | -1.27M | -1.29M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.15M | 15.25M | 17.42M | 18.92M | 0 | 0 | 40.42M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Regional economic concentration risk
According to recent financial filings, FCBC's total assets have remained largely range-bound between $3.2 billion and $3.6 billion over the last ten quarters, indicating that the bank is struggling to achieve meaningful organic loan growth within its core Appalachian footprint despite maintaining a highly liquid balance sheet.
The bank's inability to expand its asset base suggests a lack of viable lending opportunities in its primary markets, forcing a reliance on securities and cash holdings. This trajectory implies that the bank is currently functioning more as a yield-seeking vehicle than a growth-oriented financial institution.
As reported in quarterly balance sheet data, FCBC's cash and equivalents surged to $600.3 million in 2026Q1, representing a significant departure from the sub-$100 million levels maintained throughout 2024 and 2025, which suggests a defensive posture or a temporary inability to deploy capital into higher-yielding assets.
This massive accumulation of cash may provide a buffer against regional economic shocks, but it likely acts as a drag on overall return on equity. Investors should monitor whether this liquidity is a strategic choice to prepare for future volatility or a symptom of limited credit demand in the bank's service area.
Based on the provided financial statements, FCBC maintains a conservative capital structure with an equity-to-assets ratio consistently near 0.15, reflecting a fortress-like balance sheet that prioritizes capital preservation over aggressive balance sheet expansion or the utilization of debt to enhance shareholder returns.
The absence of holding company debt and the stable equity base suggest a management philosophy that is highly risk-averse. While this provides significant protection against credit losses, it also limits the bank's capacity to generate outsized returns during periods of economic expansion.
Analysis of the balance sheet reveals that investment securities fluctuated from $2.8 billion in 2023Q4 down to $132.7 million in 2025Q4, suggesting that the bank is actively managing its interest rate exposure through significant portfolio turnover, which warrants further investigation into potential unrealized losses within the AOCI.
The volatility in the securities portfolio implies that the bank is highly sensitive to interest rate movements, which could lead to earnings pressure if the duration of these assets is not perfectly matched with the deposit base. This active management strategy appears to be a primary lever for maintaining NIM stability, yet it introduces significant market risk.
Quick answers to the most common questions about buying FCBC stock.
As of 2025, First Community Bankshares, Inc. (FCBC) had total assets of $3.26B including $653.6M in current assets.
First Community Bankshares, Inc. (FCBC) carries total debt of $1.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
First Community Bankshares, Inc. (FCBC) has total shareholders' equity (book value) of $500.5M ($27.19 book value per share). Book value represents the net worth of the company belonging to common stock holders.
First Community Bankshares, Inc. (FCBC) reported a current ratio of 0.73x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.