First Community Bancshares (NASDAQ:FCBC) is a $340 million bank holding company that operates over 70 banking locations throughout Virginia, West Virginia, North Carolina, South Carolina and Tennessee. When last reported, the company controlled $2.7 billion in assets, $1.69 billion of which were in loans, and had $2.04 billion in deposits.
Not being one to just sit and wait for business, First Community has been in acquisition mode and has closed two deals (1 government assisted) since June of last year that have helped grow the company's assets by close to 25%. Now that the FCBC has had time to incorporate the new purchases, I have below a review of the bank's recent financial performance and current balance sheet...
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