First Community Bankshares, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023
October 24, 2023 at 04:15 pm
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First Community Bankshares, Inc. reported net charge-offs of $1.46 million for the third quarter ended September 30, 2023 compared to net charge-offs of $1.05 million for the same period in 2022.
First Community Bankshares, Inc. is a financial holding company, which provides banking products and services through its wholly owned subsidiary First Community Bank (the Bank). It operates in community banking segment, which consists of all operations, including commercial and consumer banking, lending activities, and wealth management. The Bank offers wealth management and investment advice through its Trust Division and wholly owned subsidiary First Community Wealth Management. Its commercial loans consist of loans to small and mid-size industrial, commercial, and service companies. Commercial real estate projects represent a variety of sectors of the commercial real estate market, including single family and apartment lessors, commercial real estate lessors, and hotel/motel operators. Consumer real estate loans segment consists of loans to individuals within its market footprint for home equity loans and lines of credit and for the purpose of financing residential properties.
FIRST COMMUNITY BANKSHARES, INC. 
