FIRST COMMUNITY CORP SC
For the period ended Mar 31, 2024. Filed May 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 13, 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
| March 31, | ||
|---|---|---|
| (Dollars in thousands, except par values) | 2024 | December 31, |
| (Unaudited) | 2023 | |
| ASSETS | ||
| Cash and due from banks | $20,804 | $27,908 |
| Interest-bearing bank balances | 122,778 | 66,787 |
| Investment securities available-for-sale | 274,349 | 282,226 |
| Investment securities held-to-maturity, fair value of $201,753 and $205,518 at March 31, 2024 and December 31, 2023, respectively, net of allowance for credit losses — investments | 215,230 | 217,170 |
| Other investments, at cost | 5,504 | 6,800 |
| Loans held-for-sale | 1,719 | 4,433 |
| Loans held-for-investment | 1,157,305 | 1,134,019 |
| Less, allowance for credit losses – loans | 12,459 | 12,267 |
| Net loans held-for-investment | 1,144,846 | 1,121,752 |
| Property and equipment – net | 30,444 | 30,589 |
| Lease right-of-use asset | 3,172 | 3,248 |
| Bank owned life insurance | 30,369 | 30,174 |
| Other real estate owned | 622 | 622 |
| Intangible assets | 564 | 604 |
| Goodwill | 14,637 | 14,637 |
| Other assets | 21,953 | 20,738 |
| Total assets | $1,886,991 | $1,827,688 |
| LIABILITIES | ||
| Deposits: | ||
| Non-interest bearing | $443,257 | $432,333 |
| Interest bearing | 1,134,810 | 1,078,668 |
| Total deposits | 1,578,067 | 1,511,001 |
| Securities sold under agreements to repurchase | 81,833 | 62,863 |
| Federal Home Loan Bank advances | 60,000 | 90,000 |
| Junior subordinated debt | 14,964 | 14,964 |
| Lease liability | 3,357 | 3,426 |
| Other liabilities | 15,277 | 14,375 |
| Total liabilities | 1,753,498 | 1,696,629 |
| 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 7,629,005 at March 31, 2024 and 7,606,172 at December 31, 2023 | 7,629 | 7,606 |
| Nonvested restricted stock and stock units | 1,920 | 2,181 |
| Additional paid in capital | 93,556 | 93,167 |
| Retained earnings | 57,830 | 56,296 |
| Accumulated other comprehensive loss | (27,442) | (28,191) |
| Total shareholders’ equity | 133,493 | 131,059 |
| Total liabilities and shareholders’ equity | $1,886,991 | $1,827,688 |
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