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Overview / Commentary
29 College Drive
Bluefield, VA 24605

First Community Bank (VA) is headquartered in Bluefield and is the 12st largest bank in the state of Virginia. It is also the 282nd largest bank in the nation. It was established in 1920 and as of December of 2013, it had grown to 670 employees at 75 locations. First Community Bank (VA) has a B+ health rating.

Reviews (1)

Ruined Christmas

I have savings and checking with bank, went to transfer funds on Dec 24th from savings to checking. When went to buy groceries my debit was declined. Came home checked online, and found out my own funds, were not available till after Christmas. So I have had to cancel my Christmas plans. My Christmas is ruined. They certainly process debits immediately but transfers of funds not available over Christmas. I definitely would not recommend this Bank to anyone. There is no customer service and bank is antiquated. I am leaving Bank ASAP


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 First Community Bank (VA) had $26.48 million in non-current loans and owned real-estate with $324.93 million in equity and loan loss allowances on hand to cover it. This gives First Community Bank (VA) a Texas Ratio of 8.15% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Community Bank (VA) experienced no significant changes from 8.24% as of December 31, 2012 to 8.15% as of December 31, 2013, resulting in a positive change of 1.05%.This indicates that the balance sheet and financial strength for First Community Bank (VA) has had no significant changes in recent periods.

Deposit Growth


In the past year, First Community Bank (VA) has decreased its total deposits by -$78.9 million, resulting in -3.87% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Community Bank (VA) has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Community Bank (VA) has $2.58 billion in assets with $324.93 million in equity, resulting in a capitalization level of 12.62%, which is excellent.

Institution Statistics

FDIC Certificate #13012
Year Established1920
Primary RegulatorFED
Assets and Liabilities
Assets$2.58 billion
Loans$1.69 billion
Deposits$1.96 billion
Equity Capital$300.86 million
Loan Loss Allowance$24.08 million
Unbacked Noncurrent Loans$19.16 million
Real Estate Owned$7.32 million
Historic Data - December 2012
Assets$2.70 billion
Equity Capital$334.80 million
Loan Loss Allowance$25.77 million
Unbacked Noncurrent Loans$19.16 million
Real Estate Owned$5.77 million
Profit Margin - Quarterly
Net Interest Margin4.07%
Return on Assets0.88%
Return on Equity7.1%
Interest Income$109.74 million
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First Community Bank (VA) Savings Account Rates

0.08%--Community Direct Savings
0.08%$200-Regular Savings

First Community Bank (VA) Checking Account Rates

0.03%--Gold Checking

First Community Bank (VA) has 75 locations. Click to view all First Community Bank (VA) locations.