Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Only Condensed Financial Information

NOTE 19—PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Condensed financial information of FCBC follows.

	December 31,
Condensed Balance Sheets	2014			2013
Assets:
Cash	$	13,663		$	32,572
Securities available for sale		540			449
Investment in bank subsidiary		117,364			111,121
Investment in nonbank subsidiaries		12,605			12,595
Other assets		3,003			5,210
Total assets	$	147,175		$	161,947
Liabilities and Shareholders’ Equity:
Deferred income taxes and other liabilities	$	1,839		$	4,144
Subordinated debentures		29,427			29,427
Preferred stock		23,132			46,316
Common stock		114,365			114,365
Accumulated deficit		(4,306	)		(10,823	)
Treasury Stock		(17,235	)		(17,235	)
Accumulated other comprehensive loss		(47	)		(4,247	)
Total liabilities and shareholders’ equity	$	147,175		$	161,947

	For the years ended December 31,
Condensed Statements of Operations	2014			2013
Dividends from bank subsidiaries	$	7,339		$	7,888
Interest expense		(777	)		(740	)
Pension expense		(236	)		(1,821	)
Pension settlement expense		(161	)		(2,251	)
Other expense, net		(1,150	)		(952	)
Income before equity in undistributed net earnings of subsidiaries		5,015			2,124
Income tax benefit		763			1,960
Equity in undistributed net earnings of subsidiaries		3,750			2,095
Net income	$	9,528		$	6,179

	For the years ended December 31,
Condensed Statements of Cash Flows	2014			2013
Operating activities:
Net income	$	9,528		$	6,179
Adjustment to reconcile net income to net cash provided by operating activities:
Change in other assets and other liabilities		1,508			(1,620	)
Equity in undistributed net earnings of subsidiaries		(3,750	)		(2,095	)
Net cash from operating activities		7,286			2,464
Financing activities:
Payment to repurchase preferred stock		(22,857	)		—
Proceeds from issuance of preferred stock		—			23,132
Cash dividends paid		(3,338	)		(2,315	)
Net cash provided by (used for) financing activities		(26,195	)		20,817
Net change in cash and cash equivalents		(18,909	)		23,281
Cash and cash equivalents at beginning of year		32,572			9,291
Cash and cash equivalents at end of year	$	13,663		$	32,572