FIRST COMMUNITY CORP SC
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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FY2023 · Filed Mar 21, 2024
FCCO$33.11+0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (Dollars in thousands, except par values) | 2023 | 2022 |
| ASSETS | ||
| Cash and due from banks | $27,908 | $24,464 |
| Interest-bearing bank balances | 66,787 | 12,937 |
| Investment securities available-for-sale | 282,226 | 331,862 |
| Investment securities held-to-maturity, fair value of $205,518 and $213,613 at December 31, 2023 and December 31, 2022, respectively, net of allowance for credit losses-investments | 217,170 | 228,701 |
| Other investments, at cost | 6,800 | 4,191 |
| Loans held-for-sale | 4,433 | 1,779 |
| Loans held-for-investment | 1,134,019 | 980,857 |
| Less, allowance for credit losses | 12,267 | 11,336 |
| Net loans held-for-investment | 1,121,752 | 969,521 |
| Property and equipment - net | 30,589 | 31,277 |
| Lease right-of-use asset | 3,248 | 2,702 |
| Bank owned life insurance | 30,174 | 29,952 |
| Other real estate owned | 622 | 934 |
| Intangible assets | 604 | 761 |
| Goodwill | 14,637 | 14,637 |
| Other assets | 20,738 | 19,228 |
| Total assets | $1,827,688 | $1,672,946 |
| LIABILITIES | ||
| Deposits: | ||
| Non-interest bearing | $432,333 | $461,010 |
| Interest bearing | 1,078,668 | 924,372 |
| Total deposits | 1,511,001 | 1,385,382 |
| Securities sold under agreements to repurchase | 62,863 | 68,743 |
| Federal funds purchased | — | 22,000 |
| Federal Home Loan Bank advances | 90,000 | 50,000 |
| Junior subordinated debt | 14,964 | 14,964 |
| Lease liability | 3,426 | 2,832 |
| Other liabilities | 14,375 | 10,664 |
| Total liabilities | 1,696,629 | 1,554,585 |
| Commitments and Contingencies (Note 15) | ||
| SHAREHOLDERS’ EQUITY | ||
| 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 7,606,172 at December 31, 2023 and 7,577,912 at December 31, 2022 | 7,606 | 7,578 |
| Nonvested restricted stock and stock units | 2,181 | 1,461 |
| Additional paid in capital | 93,167 | 92,683 |
| Retained earnings | 56,296 | 49,025 |
| Accumulated other comprehensive loss | (28,191) | (32,386) |
| Total shareholders’ equity | 131,059 | 118,361 |
| Total liabilities and shareholders’ equity | $1,827,688 | $1,672,946 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.