FIRST COMMUNITY CORP SC
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 21, 2024
FCCO$32.81-0.9%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income (Loss)
| Year ended December 31, | |||
|---|---|---|---|
| (Dollars in thousands) | 2023 | 2022 | 2021 |
| Net income | $11,843 | $14,613 | $15,465 |
| Other comprehensive income (loss): | |||
| Unrealized gain (loss) during the period on available for sale securities, net of tax (expense) benefit of $(501), $6,190, and $2,128, respectively | 1,884 | (23,285) | (8,008) |
| Reclassification adjustment for loss included in net income, net of tax benefit of $262, $0, and $0, respectively | 987 | — | — |
| Unrealized loss during the period on available-for-sale securities transferred to held-to-maturity, net of tax benefit of $0, $3,509, and $0, respectively | — | (13,198) | — |
| Reclassification adjustment for amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity, net of tax expense of $352, $218, and $0 respectively | 1,324 | 818 | — |
| Other comprehensive income (loss) | 4,195 | (35,665) | (8,008) |
| Comprehensive income (loss) | $16,038 | $(21,052) | $7,457 |
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