Income Statement

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Income StatementFIRST COMMUNITY BANCSHARES, INC. (NASDAQ - FCBC)  
 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201512/31/201612/31/201612/31/20163/31/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Interest income 
Interest and fees on loans 96,60095,49287,63287,71821,827
Interest on securities -- taxable 7,8755,9754,2253,229409
Interest on securities -- tax-exempt 4,7904,3503,9783,624797
Interest on deposits in banks 211291267153159
Total interest income 109,476106,10896,10294,72423,192
Interest expense 
Interest on deposits 8,8237,3085,8784,4791,166
Interest on short-term borrowings 2,2222,0241,9522,101210
Interest on long-term debt 6,7895,9583,5193,264675
Total interest expense 17,83415,29011,3499,8442,051
Net interest income 91,64290,81884,75384,88021,141
Provision for loan losses 8,2081452,1911,255492
Net interest income after provision for loan losses 83,43490,67382,56283,62520,649
Noninterest income 
Wealth management 3,4123,0302,9752,828790
Service charges on deposits 13,55813,82813,71713,5883,113
Other service charges and fees 7,1517,5818,0458,1022,078
Insurance commissions 5,9336,5556,8995,442373
Impairment losses on securities (320)(737)0(4,646)NA
Portion of loss recognized in other comprehensive income 0000NA
Net impairment losses recognized in earnings (320)(737)0(4,646)NA
Net gain on sale of securities 399(1,385)1443350
Net FDIC indemnification asset amortization (5,597)(3,979)(6,379)(5,474)(1,332)
Net gain on divestitures 075503,682NA
Other operating income 5,2354,3554,1293,209669
Total noninterest income 29,77130,00329,53027,0665,691
Noninterest expense 
Salaries and employee benefits 41,23540,71339,62539,9128,884
Occupancy expense 7,0336,3385,8175,2971,248
Furniture and equipment expense 4,9664,9525,1994,3411,091
Amortization of intangibles 7297871,1181,136261
FDIC premiums and assessments 1,7171,6721,5131,383244
FHLB debt prepayment fees 05,0081,7020NA
Merger, acquisition, and divestiture expense 571,150867300
Other operating expense 23,24822,24221,11119,9475,355
Total noninterest expense 78,98582,86276,17172,74617,083
Income before income taxes 34,22037,81435,92137,9459,257
Income tax expense 10,90812,32411,38112,8193,055
Net income 23,31225,49024,54025,1266,202
Dividends on preferred stock 1,02491010500
Net income available to common shareholders 22,28824,58024,43525,1266,202
Earnings per common share 
Basic 1.131.341.321.450.36
Diluted 1.111.311.311.450.36
Cash dividends per common share 0.480.50.540.60.16
Weighted average shares outstanding 
Basic 19,792,09918,406,36318,531,03917,319,68916,998,125
Diluted 20,961,80019,483,05418,727,46417,365,52417,072,174
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 
Net income 23,31225,49024,54025,1266,202
Other comprehensive income (loss), before tax 
Available-for-sale securities 
Change in net unrealized losses on securities with other-than-temporary impairment (1,277)(1)00NA
Change in net unrealized gains (losses) on securities without other-than-temporary impairment (19,964)12,9147551,035651
Reclassification adjustment for net gains recognized in net income (399)1,385(144)(335)0
Reclassification adjustment for other-than-temporary impairment losses recognized in net income 32073704,646NA
Net unrealized gains (losses) on available-for-sale securities (21,320)15,0356115,346651
Employee benefit plans 
Net actuarial gain (loss) 758(642)(363)(367)133
Plan change (380)00(69)NA
Reclassification adjustment for amortization of prior service cost and net actuarial loss recognized in net income 32726032627364
Net unrealized gains (losses) on employee benefit plans 705(382)(37)(163)197
Other comprehensive income (loss), before tax (20,615)14,6535745,183848
Income tax expense (benefit) 7,700(5,518)(216)(1,947)318
Other comprehensive income (loss), net of tax (12,915)9,1353583,236530
Total comprehensive income 10,39734,62524,89828,3626,732


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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