| Business Summary | | First
Community
Bancshares
Inc.
is
a
one-bank
holding
company
that
serves
as
the
holding
company
for
First
Community
Bank,
N.
A.,
a
national
association
that
conducts
commercial
banking
operations
within
the
states
of
Virginia,
West
Virginia
and
North
Carolina.
The
Bank
owns
United
First
Mortgage,
Inc.,
which
serves
as
a
wholesale
and
retail
distribution
channel
for
the
Bank's
mortgage
banking
business
segment.
The
Company
and
its
wholly
owned
subsidiary
conduct
commercial
and
mortgage
banking
business
throughout
the
three-state
area
of
Virginia,
West
Virginia
and
North
Carolina
through
the
33
branches
of
FCBNA
and
10
mortgage
brokerage
offices
which
are
located
throughout
the
state
of
Virginia. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FCBC
is
a
multi-bank
holding
company
for
First
Community
Bank,
with
locations
in
WV,
VA
and
NC.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
11%
to
$46
million.
Net
interest
income
after
loan
loss
provision
rose
5%
to
$22.4
million.
Net
income
rose
13%
to
$9.1
million.
Net
interest
income
after
LLP
reflects
an
increase
in
the
loan
portfolio.
Net
income
also
reflects
the
wholesale
mortgage
origination
operations
and
new
fee
revenues
from
deposit
accounts. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Stafford, 67 Chairman | -- | John Mendez, 46 Pres,
CEO, Director | $227K | Kenneth Mulkey Acting
CFO | -- | E. Stephen Lilly COO | 124K | Robert Schumacher Sr.
VP-Fin. | 117K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|