FIRST COMMUNITY CORP SC
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
FCCO$32.81-0.9%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income
| Three months ended September 30, | ||
|---|---|---|
| (Dollars in thousands) | 2024 | 2023 |
| Net income | $3,861 | $1,756 |
| Other comprehensive income (loss): | ||
| Unrealized gain (loss) during the period on available-for-sale securities, net of tax expense of $991 and tax benefit of $768, respectively | 3,723 | (2,891) |
| Reclassification adjustment for loss included in net income, net of tax benefit of $0 and $262, respectively | — | 987 |
| Reclassification adjustment for amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity, net of tax expense of $90 and $89, respectively. | 342 | 335 |
| Other comprehensive income (loss) | 4,065 | (1,569) |
| Comprehensive income | $7,926 | $187 |
| Nine months ended September 30, | ||
|---|---|---|
| (Dollars in thousands) | 2024 | 2023 |
| Net income | $9,723 | $8,546 |
| Other comprehensive income (loss): | ||
| Unrealized gain during the period on available-for-sale securities, net of tax expense of $1,049 and tax benefit of $701, respectively | 3,947 | (2,639) |
| Reclassification adjustment for loss included in net income, net of tax benefit of $0 and $262, respectively | — | 987 |
| Reclassification adjustment for amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity, net of tax expense of $271 and $261, respectively. | 1,021 | 981 |
| Other comprehensive income (loss) | 4,968 | (671) |
| Comprehensive income | $14,691 | $7,875 |
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