Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
GROOME HAROLD V JR
 2. Issuer Name and Ticker or Trading Symbol
FIRST COMMUNITY BANCSHARES INC /NV/ [FCBC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

P. O. BOX 989		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006
(Street)


BLUEFIELD, VA 24605		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
COMMON STOCK             9,664 (1) D  
COMMON STOCK             682.6339 (2) I By: Groome Transportation, Inc
COMMON STOCK             2,566.7639 (3) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
STOCK OPTION $ 7.66           05/15/1997 05/15/2007 COMMON STOCK
2,479
  2,479
D
 
STOCK OPTION $ 8.07           12/10/1997 12/10/2007 COMMON STOCK
2,169
  2,169
D
 
STOCK OPTION $ 9.52           03/08/2001 03/08/2011 COMMON STOCK
3,098
  3,098
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GROOME HAROLD V JR
P. O. BOX 989
BLUEFIELD, VA 24605		   X      

Signatures

Harold V. Groome, Jr. by: Robert L. Schumacher (His Attorney-in-Fact) 02/09/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Balance of 9664 shares per this statement (FORM 5) reflects an increase of 5547 shares to the initial balance of 4117 as reported on FORM 3 due to: a) transfer (decrease in brokerage account) to ex-wife pursuant to a domestic relations order (DRO) of 2058 shares; and b) transfer (increase in brokerage account) from reporting person's Dividend Reinvestment account of 7605 shares.
(2) Total amount of securities reflect the acquisition of shares acquired under the First Community Bancshares dividend reinvestment plan.
(3) Balance of 2566.7639 in the DRP account reported per this statement (FORM 5) reflects a decrease of 14278.4392 shares to the initial balance of 16845.2031 as reported on FORM 3 due to: a) the addition of shares acquired under the First Community Bancshares dividend reinvestment plan of 930.5608 shares; b) a transfer (decrease in DRP account) to reporting person's brokerage account of 7605 shares; and c) a transfer (decrease in DRP account) to ex-wife pursuant to a domestic relations order (DRO) of 7604 shares.

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