First community bankshares inc /va/ (FCBC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities
Net income

38,802

36,340

21,485

25,126

24,540

25,490

23,312

28,577

20,028

21,847

-38,696

Adjustments to reconcile net income to net cash provided by operating activities
Provision for loan losses

3,571

2,393

2,771

1,255

2,191

145

8,208

5,678

9,047

14,757

15,801

Depreciation and amortization of premises and equipment

3,448

2,912

3,560

3,563

4,135

4,405

4,666

4,034

3,982

4,091

4,028

Amortization of premiums on investments, net

-195

-40

-172

-1,066

-1,375

-961

-884

-2,329

-1,611

-1,112

-1,234

Amortization of FDIC indemnification asset, net

2,377

2,181

3,517

5,474

6,379

3,979

5,597

-458

-

-

-

Amortization of intangible assets

997

1,039

1,056

1,136

1,118

787

729

804

1,020

1,032

1,028

Goodwill impairment

-

1,492

-

-

-

-

-

-

1,239

1,039

-

Accretion on acquired loans

3,231

6,391

5,417

4,766

7,109

9,645

-

-

-

-

-

Gain on divestiture, net

-

-

-

3,682

0

755

-

-

-

-

-

Gain on sale of loans, net

-

-

-

-

501

671

1,211

1,065

713

835

83

Equity-based compensation expense

1,481

1,158

790

531

110

332

18

132

98

58

153

Issuance of common stock to 401(k) plan

411

352

415

384

363

-

-

-

-

-

-

Restricted stock awards

-

-

-

-

200

36

703

-

-

-

-

Gain on sale of premises and equipment, net

75

25

1

-238

-23

113

158

-82

157

-66

63

Loss on sale of other real estate owned

-1,253

-1,313

-791

-1,495

-3,002

-3,227

-2,785

-1,869

-2,367

-1,928

-

Gain on sale of securities

-43

-618

-661

335

144

-1,385

399

483

5,264

8,273

-11,673

Writedowns of property, plant & equipment

380

1,007

677

-

-

-

-

-

-

-

-

Contribution of treasury stock to 401(k) plan

-

-

-

-

-

-

-

-

-

-

1,414

Prepaid FDIC assessments

-

-

-

-

-

-

-

-

-

-

10,885

Net impairment losses recognized in earnings

-

-

-

4,646

0

737

320

942

2,285

185

78,863

FHLB debt prepayment fees

-

-

-

-

1,702

5,008

-

-

471

-

88

Deferred income tax benefit

-

-

-

-

-

-

-

-896

2,362

13,008

-18,866

Loss on extinguishment of debt

-

-1,096

-

-

-

-

-

-

-

-

-88

Net decrease in FHLB and other borrowings

-

-

-

-

-

-

-

-

-

-

-25,130

Excess tax benefit from equity-based compensation

-

-

-

-

-

-

-

-

5

9

2

Proceeds from sale of mortgage loans

-

-

-

-

21,993

28,443

75,348

67,502

45,466

57,479

27,464

Net gain on acquisitions

-

-

-

-

-

-

-

-

-

-

4,493

Originations of mortgage loans

-

-

-

-

19,700

28,681

68,348

67,289

45,879

49,762

35,249

Increase \in accrued interest receivable

-

-

-

-

-

-1,206

-321

-2,356

-1,482

-935

-2,071

(Increase) decrease in other operating activities

7,003

3,974

5,893

6,957

18,842

5,413

-8,257

12,525

14,568

-581

-20,338

Net cash provided by operating activities

56,655

49,499

36,370

43,088

58,519

41,689

44,518

56,639

54,008

58,077

15,142

Investing activities
Proceeds from sale of securities available for sale

13,898

8,937

13,664

104,928

10,999

162,443

105,934

155,600

192,847

170,540

167,060

Proceeds from maturities, prepayments, and calls of securities available for sale

32,863

68,765

37,155

99,906

29,931

48,915

87,055

105,830

49,193

90,633

77,178

Proceeds from maturities and calls of securities held to maturity

25,000

-

21,840

25,190

190

190

250

2,690

1,299

2,825

1,238

Payments to acquire securities available for sale

8,255

67,355

49,406

1,174

81,540

6,047

201,138

245,344

234,818

248,101

218,961

Payments to acquire securities held to maturity

-

-

-

-

15,003

57,675

-

-

-

-

-

Proceeds from repayment of loans, net

-85,233

-39,512

-37,455

159,243

24,719

64,115

11,662

-75,091

28,696

12,112

-18,902

Proceeds from bank owned life insurance

-

458

2,639

-

-

-

-

-

-

-

-

Purchase of FHLB stock, net

-129

2,122

-694

-130

-1,279

-4,349

-470

-2,101

-1,417

-1,459

-351

Cash proceeds from mergers, acquisitions, and divestitures, net

-25,863

-10

-

-29,716

88

-178,604

697

-152,283

-835

882

-

(Payments to) proceeds from the FDIC

-152

-151

1,689

4,403

2,683

4,770

14,311

2,974

-

-

-

Proceeds from sale of premises and equipment

1,955

955

57

1,092

-

-

-

-

-

-

-

Payments to acquire premises and equipment

8,411

2,551

2,354

1,885

-

-

-

-

-

-

-

Payments to acquire property, plant, and equipment, net

-

-

-

-

1,239

1,098

2,292

8,008

3,065

3,743

4,380

Cash from (invested in) acquisitions and divestitures, net

-

-

-

-

-

-

-

-

-

-

21,749

Proceeds from sale of property, plant, and equipment

-

-

-

-

-

-

-

1,151

598

163

327

Proceeds from sale of other real estate owned

3,254

2,940

4,363

7,147

6,722

10,619

6,602

8,106

6,200

5,025

-

Net cash provided by investing activities

171,377

49,398

67,796

110,210

-70,785

280,955

-1,167

252,474

-14,190

5,807

63,464

Financing activities
(Decrease) increase in noninterest-bearing deposits, net

12,604

5,407

26,438

-17,482

33,782

68,246

-3,672

12,657

35,117

-3,093

-2,861

(Decrease) increase in interest-bearing deposits, net

-41,445

-79,548

62,115

-37,576

-161,282

-121,912

-75,761

-175,132

-112,605

-21,912

2,366

Increase in federal funds purchased

-

-

-

-

-

16,000

-16,000

-

-

-

-

Repayments of securities sold under agreements to repurchase, net

-27,769

-716

-67,919

-40,609

16,872

3,432

-17,810

-13,172

-11,686

-12,740

-12,280

Proceeds from FHLB and other borrowings, net

-

-50,000

-30,708

-48

-28,945

-63,097

11,594

25,769

25,260

8,208

-

Redemption of preferred stock

-

-

-

-

2,367

-

-

-

-

-

41,500

Net proceeds from the issuance of common stock

-

-

-

-

-

-

-

-

-

-

61,668

Proceeds from issuance of preferred stock

-

-

-

-

-

-

-

-

18,802

-

-

Proceeds from stock options exercised

136

384

378

921

63

53

85

144

32

29

21

Excess tax benefit from equity-based compensation

-

-

-

174

8

5

9

6

5

9

2

Payments for repurchase of common stock

16,362

34,412

1,263

23,762

21,525

2,168

28,421

1,012

904

-

167

Payments for repurchase of warrants

-

-

-

-

-

-

-

-

30

-

-

FHLB debt prepayment fees

-

-

-

-

-

-

-

-

471

-

88

Payments of common dividends

15,060

21,090

11,563

10,396

9,994

9,200

9,475

8,162

7,155

7,121

4,619

Payments of preferred dividends

-

-

-

-

219

910

992

1,120

558

-

1,116

Net cash used in financing activities

-87,896

-179,975

-22,522

-128,778

-173,607

-141,551

-131,631

-211,560

-104,713

-53,036

-23,704

Net increase in cash and cash equivalents

140,136

-81,078

81,644

24,520

-185,873

181,093

-88,280

97,553

-64,895

10,848

54,902

Supplemental disclosure -- cash flow information
Cash paid for interest

5,661

7,935

8,267

9,845

11,757

15,791

18,146

19,656

22,857

-

-

Cash paid for income taxes

8,057

7,610

15,852

6,588

6,900

12,552

3,000

10,388

8,500

-

-

Supplemental transactions - noncash items
Transfer of loans to other real estate owned

3,160

5,686

2,283

5,162

6,317

12,620

18,438

9,083

9,722

6,793

6,490

Loans originated to finance other real estate owned

484

164

-

57

649

671

3,196

1,405

151

-

-

Decrease in accumulated other comprehensive loss

77

589

-1,171

-3,236

358

-

-

-

-

-

-

Non-cash sales price related to divestitures

-

1,603

-

-

-

-

-

-

-

-

-

Fair value of assets acquired

556,005

-

-

-

-

-

-

-

-

-

-

Fair value of liabilities assumed

506,179

-

-

-

-

-

-

-

-

-

-

Net assets acquired

49,826

-

-

-

-

-

-

-

-

-

-

Common stock issued in acquisition

86,631

-

-

-

-

-

-

-

-

-

-

Cumulative effect adjustment, net of tax

-

-

-

-

-

-

-

-

-

-

6,131