First Community Bank
Bluefield, Virginia, Tazewell County
$3.6B in total assets, the 373rd largest of 4,309 US banks and 10th of 57 headquartered in Virginia.
- FDIC certificate
- 13012
- Established
- 1920
- Owned by
- First Community Bankshares Inc
- Primary regulator
- FED
- Website
- www.firstcommunitybank.com
At a glance
Compared with 22 banks headquartered in Virginia with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.6B | 86% | $1.8B | |
| Loans | $2.5B | 86% | $1.3B | |
| Deposits | $3.0B | 86% | $1.6B | |
| Return on assets | 1.80% | 96% | 1.19% | |
| Net interest margin | 4.44% | 82% | 3.62% | |
| Efficiency ratio | 52.6% | 27% | 60.5% | |
| Equity to assets | 14.15% | 98% | 10.33% | |
| Loans to deposits | 81% | 32% | 90% |
Growth
Total assets grew 2.9% a year over the last 5 years and 3.9% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2026 | Union Bank, Inc. Middlebourne, WV | $415M |
| Apr 2023 | Surrey Bank & Trust Mount Airy, NC | $482M |
| Dec 2019 | Highlands Union Bank Abingdon, VA | $575M |
| Jun 2012 | Waccamaw Bank Whiteville, NC | $533M |
| Jun 2012 | Peoples Bank of Virginia Richmond, VA | $277M |
| Jul 2009 | TriStone Community Bank Winston Salem, NC | $165M |
| Nov 2008 | Mooresville Savings Bank, SSB Mooresville, NC | $158M |
| Apr 2004 | People's Community Bank Johnson City, TN | $172M |
| Jun 2003 | The Commonwealth Bank Richmond, VA | $151M |
| Dec 2002 | Bank of Greenville Greenville, WV | $30M |
| Nov 2000 | Citizens Southern Bank, Inc. Beckley, WV | $68M |
| Apr 1999 | First Community Bank of Southwest Virginia, Inc. Tazewell, VA, an affiliate under the same holding company | $107M |
| Apr 1999 | Blue Ridge Bank Sparta, NC, an affiliate under the same holding company | $121M |
| Apr 1999 | First Community Bank of Mercer County, Inc. Princeton, WV, an affiliate under the same holding company | $440M |
| Jan 1995 | Peoples Bank of Bluewell Bluewell, WV, an affiliate under the same holding company | $45M |
| Jan 1995 | The Flat Top National Bank of Bluefield Bluefield, WV, an affiliate under the same holding company | $184M |
| Dec 1994 | First Federal Savings Bank Bluefield, WV, an affiliate under the same holding company | $18M |
| Mar 1993 | Peoples Bank of Richwood, Inc. Richwood, WV | $30M |
| Sep 1989 | Cherry River National Bank of Richwood Richwood, WV | $54M |
| Dec 1988 | Valley Bank and Trust Company Green Valley, WV | $16M |
| Nov 1988 | The First National Bank of Grafton Grafton, WV | $34M |
| Jan 1988 | First Community Bank, Inc. Princeton, WV | $205M |
| Nov 1985 | First Community Bank - Upshur National Buckhannon, WV | $7M |
Where they operate
67 branches in 36 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Mercer County, WV | $442M | 35.4% | 1 of 7 |
| Surry County, NC | $346M | 22.1% | 1 of 11 |
| Washington County, VA | $205M | 14.3% | 2 of 11 |
| Nicholas County, WV | $149M | 27.6% | 2 of 6 |
| Tyler County, WV | $144M | 85.8% | 1 of 2 |
| Upshur County, WV | $127M | 22.5% | 3 of 5 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 11 branches since 2016 (56 to 67, +19.6%). 5 opened, 29 acquired, 23 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 56 | |||
| 2016 | Closed Abingdon and Beckley | 0 | 2 | −2 | 54 |
| 2017 | Sold 6 branches to First BankOpened 4 in Virginia, closed Glen Allen | 4 | 7 | −3 | 51 |
| 2019 | Acquired Highlands Union Bank | 14 | 0 | +14 | 65 |
| 2020 | Closed 8 in 2 states | 0 | 8 | −8 | 57 |
| 2021 | Closed Richwood | 0 | 1 | −1 | 56 |
| 2022 | Closed Emporia | 0 | 1 | −1 | 55 |
| 2023 | Acquired Surrey Bank & TrustClosed Elkin and Hays | 7 | 2 | +5 | 60 |
| 2025 | Closed Mount Airy | 0 | 1 | −1 | 59 |
| 2026 through Q2 | Acquired Union Bank, Inc.Opened Wytheville, closed Pineville | 9 | 1 | +8 | 67 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 38% | 30% | |
| Commercial real estate | 36% | 36% | |
| Business (C&I) | 9% | 11% | |
| Multifamily | 8% | 7% | |
| Construction and land | 3% | 8% | |
| Consumer | 2% | 4% | |
| Agricultural | 1% | 1% | |
| Farmland | 0% | 2% | |
| Other | 3% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 61% | 51% | |
| Noninterest-bearing | 32% | 24% | |
| Time deposits | 7% | 25% |
Brokered deposits are 0.0% of deposits (peers 6.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.70% | 0.33% |
| Net charge-offs, annualized | 0.17% | 0.04% |
| Reserves to loans | 1.33% | 1.01% |
| Leverage ratio | 10.23% | 10.80% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Virginia
Largest competitors in Mercer County, WV
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-community-bank-bluefield-va