F
FIRST COMMUNITY CORP /SC/
FCCOCIK 0000932781NasdaqNon-AcceleratedSmaller ReportingState Commercial BanksSouth CarolinaFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$19.20M
Total Assets
$2.06B
Equity
$167.56M
Shares Out
9.40M
Op. Cash Flow
$18.69M
Business
First Community Corporation is a bank holding company that owns and operates First Community Bank, a South Carolina state-chartered bank engaged in commercial banking. The company offers consumer and commercial loans, deposit services, mortgage origination, brokerage and investment services, and insurance services through 21 full-service branch offices. First Community serves small-to-medium sized businesses, professionals, and individuals across four geographic regions: the Midlands, Upstate, Central Savannah River Area, and Piedmont regions of South Carolina and Georgia.
Summary from 10-K filed 2026-03-16
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans, including fees | 74 | 66 | 52 | 39 | 40 | |
| Investment securities - taxable | 16 | 16 | 17 | 10 | 6 | |
| Investment securities non-taxable | 1 | 1 | 1 | 2 | 2 | |
| Other short-term investments and CDs | 6 | 5 | 2 | 633,000 | 130,000 | |
| Total interest income | 97 | 89 | 73 | 51 | 48 | |
| Deposits | 31 | 31 | 17 | 2 | 2 | |
| Securities sold under agreement to repurchase | 3 | 2 | 2 | 227,000 | 85,000 | |
| Other borrowed money | 1 | 4 | 6 | 1 | 416,000 | |
| Total interest expense | 35 | 37 | 24 | 3 | 2 | |
| Net interest income | 62 | 52 | 49 | 48 | 45 | |
| Provision for credit losses | 770,000 | 809,000 | 1 | −152,000 | 335,000 | |
| Net interest income after provision for credit losses | 61 | 51 | 48 | 48 | 45 | |
| Deposit service charges | 922,000 | 952,000 | 963,000 | 960,000 | 977,000 | |
| Mortgage banking income | 3 | 2 | 1 | 2 | 4 | |
| Investment advisory fees and non-deposit commissions | 8 | 6 | 5 | 4 | 4 | |
| Loss on sale of securities | — | — | −1 | — | — | |
| Gain on sale of other real estate owned | 127,000 | — | 151,000 | −45,000 | 77,000 | |
| Loss on sale of other assets | — | −5,000 | — | −73,000 | 117,000 | |
| Other non-recurring income | 190,000 | 105,000 | 121,000 | 7,000 | 171,000 | |
| Other | 5 | 4 | 5 | 4 | 4 | |
| Total non-interest income | 17 | 14 | 10 | 12 | 14 | |
| Salaries and employee benefits | 32 | 29 | 26 | 25 | 24 | |
| Occupancy | 3 | 3 | 3 | 3 | 3 | |
| Equipment | 2 | 1 | 2 | 1 | 1 | |
| Marketing and public relations | 2 | 2 | 1 | 1 | 1 | |
| FDIC insurance assessments | 1 | 1 | 904,000 | 468,000 | 618,000 | |
| Other real estate expense (income) | 138,000 | 103,000 | −112,000 | 308,000 | 105,000 | |
| Amortization of intangibles | 158,000 | 158,000 | 158,000 | 158,000 | 201,000 | |
| Merger | 1 | — | — | — | — | |
| Other | 12 | 11 | 10 | 9 | 8 | |
| Total non-interest expense | 53 | 47 | 43 | 41 | 39 | |
| Net income before tax | 25 | 18 | 15 | — | — | |
| Income tax expense | 6 | 4 | 3 | 4 | 4 | |
| Net income | 19 | 14 | 12 | 15 | 15 | |
| Basic earnings per common share | 2.51 | 1.83 | 1.56 | 1.94 | 2.06 | |
| Diluted earnings per common share | 2.47 | 1.81 | 1.55 | 1.92 | 2.05 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 24 | 26 | 28 | 24 | 22 | |
| Interest-bearing bank balances | 137 | 123 | 67 | 13 | 47 | |
| Investment securities available-for-sale | 294 | 280 | 282 | 332 | 565 | |
| Investment securities held-to-maturity, fair value of $188,563 and $196,040 at December 31, 2025 and December 31, 2024, respectively, net of allowance for credit losses-investments | 195 | 209 | 217 | 229 | — | |
| Other investments, at cost | 3 | 3 | 7 | 4 | — | |
| Loans held-for-sale | 11 | 10 | 4 | 2 | 7 | |
| Loans held-for-investment | 1,311 | 1,221 | 1,134 | 981 | 864 | |
| Less, allowance for credit losses | 14 | 13 | 12 | 11 | 11 | |
| Net loans held-for-investment | 1,297 | 1,207 | 1,122 | 970 | 853 | |
| Property and equipment - net | 29 | 30 | 31 | 31 | 33 | |
| Lease right-of-use asset | 2 | 2 | 3 | 3 | 3 | |
| Bank owned life insurance | 32 | 31 | 30 | 30 | 29 | |
| Other real estate owned | 168,000 | 543,000 | 622,000 | 934,000 | 1 | |
| Intangible assets | 289,000 | 446,000 | 604,000 | 761,000 | 919,000 | |
| Goodwill | 15 | 15 | 15 | 15 | 15 | |
| Other assets | 18 | 20 | 21 | 19 | 8 | |
| Total assets | 2,058 | 1,958 | 1,828 | 1,673 | 1,585 | |
| Non-interest bearing | 467 | 463 | 432 | 461 | 445 | |
| Interest bearing | 1,282 | 1,213 | 1,079 | 924 | 917 | |
| Total deposits | 1,750 | 1,676 | 1,511 | 1,385 | 1,361 | |
| Securities sold under agreements to repurchase | 107 | 103 | 63 | 69 | 54 | |
| Junior subordinated debt | 15 | 15 | 15 | 15 | 15 | |
| Lease liability | 2 | 3 | 3 | 3 | 3 | |
| Other liabilities | 16 | 17 | 14 | 11 | 10 | |
| Total liabilities | 1,890 | 1,814 | 1,697 | 1,555 | 1,444 | |
| Preferred stock, par value $1.00 per share; 10,000,000 shares authorized; none issued and outstanding | — | — | — | — | — | |
| Common stock, par value $1.00 per share; 20,000,000 shares authorized; issued and outstanding 7,693,215 at December 31, 2025, and 7,644,424 at December 31, 2024 | 8 | 8 | 8 | 8 | 8 | |
| Nonvested restricted stock and stock units | 3 | 3 | 2 | 1 | — | |
| Additional paid in capital | 95 | 94 | 93 | 93 | 92 | |
| Retained earnings | 80 | 66 | 56 | 49 | 38 | |
| Accumulated other comprehensive loss | −18 | −25 | −28 | −32 | 3 | |
| Total shareholders equity | 168 | 144 | 131 | 118 | 141 | |
| Total liabilities and shareholders equity | 2,058 | 1,958 | 1,828 | 1,673 | 1,585 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 2 | 2 | 2 | 2 | 2 | |
| Net premium amortization AFS | −3 | −3 | −3 | 2 | 2 | |
| Net premium amortization HTM | −698,000 | −626,000 | −575,000 | −264,000 | — | |
| Provision for credit losses | 770,000 | 809,000 | 1 | −152,000 | 335,000 | |
| Write-downs of other real estate owned | 125,000 | 79,000 | 44,000 | 69,000 | 50,000 | |
| Originations of HFS loans | −115 | −79 | −50 | −64 | −140 | |
| Sales of HFS loans | 118 | 76 | 49 | 72 | 178 | |
| Gain on sale of HFS loans | −3 | −2 | −1 | −2 | — | |
| Loss on sale of securities | — | — | 1 | — | — | |
| Loss on fair value of equity investments | −2,000 | −20,000 | −19,000 | −2,000 | −4,000 | |
| Accretion on acquired loans | — | — | −81,000 | −49,000 | −135,000 | |
| Decrease (increase) in other assets | 1 | 1 | −2 | −2 | 994,000 | |
| (Decrease) increase in other liabilities | −1 | 2 | 4 | 457,000 | −715,000 | |
| Net cash provided by operating activities | 19 | 12 | 13 | 22 | 58 | |
| Proceeds from sale of securities available-for-sale | — | — | 39 | — | — | |
| Purchase of investment securities available-for-sale | −43 | −18 | −6 | −106 | −271 | |
| (Purchase) sale of other investment securities | −303,000 | 2 | −3 | −2 | −87,000 | |
| Maturity/call of investment securities available-for-sale | 38 | 28 | 22 | 62 | 54 | |
| Maturity/call of investment securities held-to-maturity | 15 | 8 | 12 | 12 | — | |
| Increase in loans | −91 | −87 | −153 | −117 | −19 | |
| Proceeds from sale of other real estate owned | 377,000 | — | 419,000 | 117,000 | 201,000 | |
| Purchase of property and equipment | −1 | −1 | −1 | −1 | −813,000 | |
| Net disposal of property and equipment | 30,000 | — | — | 115,000 | 19,000 | |
| Net cash used by investing activities | −81 | −68 | −90 | −163 | −236 | |
| Increase in deposit accounts | 74 | 165 | 126 | 24 | 172 | |
| Decrease in federal funds borrowed | — | — | −22 | 22 | — | |
| Advances from the Federal Home Loan Bank | — | — | 289 | 118 | — | |
| Repayment of advances from the Federal Home Loan Bank | — | −90 | −249 | −68 | — | |
| Increase (decrease) in securities sold under agreements to repurchase | 4 | 40 | −6 | 15 | 13 | |
| Proceeds from dividend reinvestment plan | 386,000 | 410,000 | 438,000 | 388,000 | 368,000 | |
| Dividends paid on common stock | −5 | −4 | −4 | −4 | −4 | |
| Net cash provided by financing activities | 73 | 111 | 134 | 109 | 182 | |
| Net increase in cash and cash equivalents | 11 | 55 | 57 | −32 | 4 | |
| Cash paid during the period for: interest | 34 | 33 | 21 | 3 | 3 | |
| Income Taxes | 6 | 4 | 4 | 4 | 5 | |
| Unrealized gain on securities available-for-sale, net of tax | 7 | 1 | 3 | −23 | −8 | |
| Transfer of loans to other real estate owned | — | — | 44,000 | — | 145,000 | |
| Recognition of operating lease right of use asset | — | — | 835,000 | — | — | |
| Recognition of operating lease liability | — | — | 835,000 | — | — | |
| Termination of operating lease right of use asset | — | 476,000 | — | — | — | |
| Termination of operating lease liability | — | 510,000 | — | — | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro
Frequently asked questions
What is FIRST COMMUNITY CORP /SC/'s CIK number?
FIRST COMMUNITY CORP /SC/'s SEC CIK number is 0000932781 (932781). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find FIRST COMMUNITY CORP /SC/'s SEC filings?
All of FIRST COMMUNITY CORP /SC/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did FIRST COMMUNITY CORP /SC/ last report earnings?
FIRST COMMUNITY CORP /SC/ (FCCO) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001552781-26-000265). This is FIRST COMMUNITY CORP /SC/'s most recent earnings filing of record — not a forecast of its next earnings date.
What is FIRST COMMUNITY CORP /SC/'s most recent earnings 8-K?
FIRST COMMUNITY CORP /SC/'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001552781-26-000265. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View FIRST COMMUNITY CORP /SC/'s latest earnings 8-K →
Look up any company's CIK number →