First Community Bancshares, Inc. is a bank holding company for First Community Bank, N. A. (the Bank), a national association that conducts commercial banking operations within the states of Virginia, West Virginia and North Carolina. United First Mortgage Inc. is a wholly owned subsidiary of the Bank and serves as a wholesale and retail distribution channel for the Bank's mortgage banking business segment. The Company had total consolidated assets of approximately $1.52 billion, as of December 31, 2002, and conducts commercial and mortgage banking business through the 41 branches of the Bank and 11 mortgage brokerage offices.