Pay vs Performance Disclosure

As required by Item 402(v) of Regulation S-K, the Corporation is providing the following information about the relationship between executive compensation as reported in the Summary Compensation Table, “Compensation Actually Paid” ("CAP") as defined by the SEC, and certain financial performance of the Company. CAP is calculated in accordance with SEC rules and does not reflect the actual amount of compensation earned or paid during the applicable year. For information concerning the Corporation’s pay for performance philosophy and how the Corporation aligns executive compensation with the Corporation’s performance, refer to the Compensation Discussion and Analysis beginning on page 20.

Pay versus Performance Table

The following table reports the total compensation for the NEOs for the past five (5) fiscal years as shown in the Summary Compensation Table ("SCT"), the CAP to the PEO and, on average, to the other NEOs in accordance with SEC rules. The table also provides information on the Corporation's Total Shareholder Return ("TSR") and the TSR of the selected peer group over the five-year period, the Corporation's Net Income, and the Corporation's ROAE which represents our Company Selected Measure ("CSM") per SEC rules.

									Year-end value of $100 invested on 12/31/2020
Year	SCT Total for PEO (1)		CAP for PEO (2)		Average SCT Total for Non-PEO NEOs (1)		Average CAP for Non-PEO NEOs (2)		FCBC TSR (3)		Peer Group TSR (4)		FCBC Net Income (MM)			FCBC ROAE (%)
2025	$	1,122,498	$	1,029,477	$	896,664	$	866,465	$	195.35	$	167.37	$	48.79	(5)		9.64
2024		855,786		888,650		704,183		728,682		161.84		120.02		51.60			10.03
2023		1,200,030		956,254		777,519		765,683		141.73		128.73		48.02			10.02
2022		970,489		942,517		756,509		761,575		122.88		99.82		46.66			11.04
2021		690,995		702,132		525,400		567,119		116.90		107.19		51.17			11.96

(1)

Mr. William Stafford served as the PEO for all five (5) years covered in the table. Messrs. Gary Mills, David Brown, Jason Belcher, and Ms. Sarah Harmon served as the Non-PEO NEOs for all five (5) years covered in the table. The dollar amounts reported are total compensation in the Summary Compensation Table for the PEO and the average for Non-PEO NEOs for each reported fiscal year.

(2)

The dollar amounts reported represent "Compensation Actually Paid," as calculated in accordance with SEC rules for the PEO and the average for Non-PEO NEOs for each reported year. These dollar amounts do not reflect actual amounts of compensation paid during the covered year, but reflect adjustments for (i) the year-end fair values of unvested equity awards granted in the current year, (ii) the year-over-year difference of year-end fair values for unvested awards granted in prior years, (iii) the fair values at vest date for awards granted and vested in the current year, and (iv) the difference between prior year-end fair values and vest date fair values for awards granted in prior years. In addition, adjustments were made for the difference in pension values reported in the Summary Compensation Table and the current year service cost obtained from the Corporation's pension actuary. The Corporation does not pay or accrue dividends or dividend equivalents on unvested equity grants; and, as such, reports no adjustments.

(3)

Reflects the cumulative total shareholder return of First Community Bankshares, Inc. over the five-year period. The reporting is based on a theoretical $100 invested on the last day of 2020 and valued as of the last trading day of 2021, 2022, 2023, 2024 and 2025. These calculated values were obtained from the S&P Cap IQ database.

(4)

Reflects the cumulative total shareholder return of the Corporation’s Asset & Regional Peer Group, weighted according to the member companies’ market capitalization for each period for which the return is indicated. This is the peer group used by FCBC for purposes of Item 201(e) of Regulation S-K in our Annual Report on Form 10K for the year ended December 31, 2025. Calculated values in the table were obtained from the S&P Cap IQ database.

(5)	Net income in 2025 was negatively impacted by $2.33 million of after-tax merger related expenses.

	2025						2024						2023						2022						2021
	PEO			Average Non-PEO NEOs			PEO			Average Non-PEO NEOs			PEO			Average Non-PEO NEOs			PEO			Average Non-PEO NEOs			PEO			Average Non-PEO NEOs
Total Compensation from Summary Compensation Table	$	1,122,498		$	896,664		$	855,786		$	704,183		$	1,200,030		$	777,519		$	970,489		$	756,509		$	690,995		$	525,400
Adjustments for Pension
Adjustment Summary Compensation Table Pension		(76,203	)		(16,916	)		-			-			(301,283	)		(54,654	)		(46,618	)		(9,027	)		(43,270	)		(20,210	)
Amount added for current year service cost		-			-			-			-			-			-			-			-			-			31,734
Amount added for prior service cost impacting current year		-			-			-			-			-			-			-			-			-			-
Total Adjustments for Pension		(76,203	)		(16,916	)		-			-			(301,283	)		(54,654	)		(46,618	)		(9,027	)		(43,270	)		11,524
Adjustments for Equity Awards
Adjustment for grant date values in the Summary Compensation Table		(146,038	)		(115,342	)		(146,021	)		(108,853	)		(146,026	)		(108,835	)		(135,011	)		(100,643	)		(108,049	)		(82,640	)
Year-end fair value of unvested awards granted in the current year		129,220			102,059			178,885			133,352			205,757			153,353			163,635			121,981			97,254			74,372
Year-over-year difference of year-end fair values for unvested awards granted in prior years		-			-			-			-			(2,224	)		(1,700	)		9,774			7,456			41,511			24,698
Fair values at vest date for awards granted and vested in current year		-			-			-			-			-			-			-			-			-			-
Difference in fair values between prior year-end fair values and vest date fair values for awards granted in prior years		-			-			-			-			-			-			(19,752	)		(14,701	)		23,691			13,765
Forfeitures during current year equal to prior year-end fair value		-			-			-			-			-			-			-			-			-			-
Dividends or dividend equivalents not otherwise included in total compensation		-			-			-			-			-			-			-			-			-			-
Total Adjustments for Equity Awards		(16,818	)		(13,283	)		32,864			24,499			57,507			42,818			18,646			14,093			54,407			30,195
Compensation Actually Paid (as calculated)	$	1,029,477		$	866,465		$	888,650		$	728,682		$	956,254		$	765,683		$	942,517		$	761,575		$	702,132		$	567,119