First Community Bankshares (First Community Bankshares) Scaled Net Operating Assets : 0.04 (As of Dec. 2023)

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What is First Community Bankshares Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Community Bankshares's operating assets for the quarter that ended in Dec. 2023 was $2,908.5 Mil. First Community Bankshares's operating liabilities for the quarter that ended in Dec. 2023 was $2,765.3 Mil. First Community Bankshares's Total Assets for the quarter that ended in Sep. 2023 was $3,284.2 Mil. Therefore, First Community Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.04.

First Community Bankshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Community Bankshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(3189.437	-	2765.251)	/	3135.572
=	0.14

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3268.545	-	79.108
=	3189.437

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2765.251	-	0	-	0
=	2765.251

First Community Bankshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(2908.476	-	2765.251)	/	3284.225
=	0.04

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3268.545	-	360.069
=	2908.476

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2765.251	-	0	-	0
=	2765.251

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Community Bankshares (First Community Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Community Bankshares Inc (NAS:FCBC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 989, Bluefield, VA, USA, 24605-0989

Website

https://www.firstcommunitybank.com

First Community Bankshares Inc is a financial holding company that provides commercial banking products and services. The company is engaged in providing demand deposit accounts, savings, and money market accounts, certificates of deposits; commercial, consumer, and real estate mortgage loans, and lines of credit; various credit card, debit card, and automated teller machine card services; corporate and personal trust services; investment management services and life, health, and property and casualty insurance products. The company's revenue is mainly derived from interest, fees, and commissions.

Executives

David D Brown	officer: Chief Financial Officer	C/O FIRST COMMUNITY BANCSHARES, P.O. BOX 989, BLUEFIELD VA 24605-0989
Harriet B Price	director	C/O FIRST COMMUNITY BANCSHARES, INC., PO BOX 989, BLUEFIELD VA 24605
Richard Scott Johnson	director	C/O FIRST COMMUNITY BANKSHARES, INC., ONE COMMUNITY PLACE, BLUEFIELD VA 24605-0989
Beth Ann Taylor	director	C/O FIRST COMMUNITY BANKSHARES, INC., PO BOX 989, BLUEFIELD VA 24605
Derek A Bonnett	officer: Chief Risk Officer	C/O FIRST COMMUNITY BANKSHARES, INC., PO BOX 989, BLUEFIELD VA 24605
Samuel L Elmore	director	C/O FIRST COMMUNITY BANCSHARES, INC., P. O. BOX 989, BLUEFIELD VA 24605
Gary R Mills	officer: Chief Credit Officer	C/O FIRST COMMUNITY BANCSHARES, INC., PO BOX 989, BLUEFIELD VA 24605
M Adam Sarver	director	C/O FIRST COMMUNITY BANCSHARES, INC, BLUEFIELD VA 24605
C William Davis	director	C/O FIRST COMMUNITY BANCSHARES INC, PO BOX 989, BLUEFIELD VA 24605
Sarah W Harmon	officer: SVP & General Counsel	C/O FIRST COMMUNITY BANKSHARES, INC., PO BOX 989, BLUEFIELD VA 24605
E Stephen Lilly	officer: Chief Operating Officer	P O BOX 989, BLUEFIELD VA 24605
Jason R Belcher	officer: SVP-Chief Risk Officer	C/O FIRST COMMUNITY BANCSHARES, INC, PO BOX 989, BLUEFIELD VA 24605
Martyn A Pell	officer: President-First Community Bank	C/O FIRST COMMUNITY BANCSHARES, INC., PO BOX 989, BLUEFIELD VA 24605
Robert L Schumacher	officer: Chief Financial Officer
Robert L Buzzo	officer: Vice President & Secretary