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Note 2 - Acquisitions - Surrey Acquisition (Details) - USD ($)
$ / shares in Units, $ in Thousands
Apr. 21, 2023
Sep. 30, 2024
Dec. 31, 2023
[1]
Noninterest-bearing   $ 869,723 $ 931,920
Interest-bearing   1,789,530 1,790,405
Total deposits   2,659,253 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.