1 star ratingAverage User Rating:
1 star rating based on 1 review.

First Community Bank (VA)

First Community Bank (VA) Locations
29 College Drive
Bluefield, VA 24605
(800) 971-4671
www.fcbresource.com

FDIC

First Community Bank (VA) is headquartered in Bluefield and is the 12st largest bank in the state of Virginia. It is also the 277th largest bank in the nation. It was established in 1920 and as of December of 2012, it had grown to 714 employees at 78 locations. First Community Bank (VA) has a 4-star health rating.



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See Rates for: Checking | Savings

First Community Bank (VA) Checking Account Rates

ApyMinMaxProduct
0.03%--Gold Checking

First Community Bank (VA) Savings Account Rates

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

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


First Community Bank
FDIC Certificate #13012
BankRate ReportView
Year Established1920
Employees714
Primary RegulatorFED

Assets and Liabilities

Assets$2.71 billion
Loans$1.70 billion
Deposits$2.04 billion
Equity Capital$334.38 million
Loan Loss Allowance$25.75 million
Unbacked Noncurrent Loans$50.06 million
Real Estate Owned$6.49 million

Historic Data - December 2011

Assets$2.14 billion
Equity Capital$282.76 million
Loan Loss Allowance$26.21 million
Unbacked Noncurrent Loans$24.49 million
Real Estate Owned$5.91 million

Profit Margin - Quarterly

Net Interest Margin4.15%
Return on Assets1.07%
Return on Equity8.64%
Interest Income$109.20 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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, 2012 First Community Bank (VA) had $56.55 million in non-current loans and owned real-estate with $360.13 million in equity and loan loss allowances on hand to cover it. This gives First Community Bank (VA) a Texas Ratio of 15.70% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for First Community Bank (VA) increased slightly from 9.72% as of December 31, 2011 to 15.70% as of December 31, 2012, resulting in a negative change of 61.60%. This indicates that the balance sheet and financial strength for First Community Bank (VA) has declined slightly in recent periods.
Deposit Growth5
In the past year, First Community Bank (VA) has increased its total deposits by $476.11 million, resulting in 30.49% 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 excellent.
Capitalization5
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 $2.71 billion in assets with $360.13 million in equity, resulting in a capitalization level of 13.31%, which is excellent.
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Ruined Christmas
1 stars - DStevens - Monday, December 24, 2012 - 4:34 PM

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

3
 
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