FIRST COMMUNITY CORP /SC/
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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FY2024 · Filed Mar 14, 2025
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) | 2024 | 2023 |
| ASSETS | ||
| Cash and due from banks | $26,373 | $27,908 |
| Interest-bearing bank balances | 123,455 | 66,787 |
| Investment securities available-for-sale | 279,582 | 282,226 |
| Investment securities held-to-maturity, fair value of $196,040 and $205,518 at December 31, 2024 and December 31, 2023, respectively, net of allowance for credit losses-investments | 209,413 | 217,170 |
| Other investments, at cost | 2,679 | 6,800 |
| Loans held-for-sale | 9,662 | 4,433 |
| Loans held-for-investment | 1,220,542 | 1,134,019 |
| Less, allowance for credit losses | 13,135 | 12,267 |
| Net loans held-for-investment | 1,207,407 | 1,121,752 |
| Property and equipment - net | 29,975 | 30,589 |
| Lease right-of-use asset | 2,477 | 3,248 |
| Bank owned life insurance | 30,973 | 30,174 |
| Other real estate owned | 543 | 622 |
| Intangible assets | 446 | 604 |
| Goodwill | 14,637 | 14,637 |
| Other assets | 20,399 | 20,738 |
| Total assets | $1,958,021 | $1,827,688 |
| LIABILITIES | ||
| Deposits: | ||
| Non-interest bearing | $462,717 | $432,333 |
| Interest bearing | 1,213,184 | 1,078,668 |
| Total deposits | 1,675,901 | 1,511,001 |
| Securities sold under agreements to repurchase | 103,110 | 62,863 |
| Federal Home Loan Bank advances | — | 90,000 |
| Junior subordinated debt | 14,964 | 14,964 |
| Lease liability | 2,646 | 3,426 |
| Other liabilities | 16,906 | 14,375 |
| Total liabilities | 1,813,527 | 1,696,629 |
| 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 7,644,424 at December 31, 2024 and 7,606,172 at December 31, 2023 | 7,644 | 7,606 |
| Nonvested restricted stock and stock units | 2,639 | 2,181 |
| Additional paid in capital | 93,834 | 93,167 |
| Retained earnings | 65,836 | 56,296 |
| Accumulated other comprehensive loss | (25,459) | (28,191) |
| Total shareholders’ equity | 144,494 | 131,059 |
| Total liabilities and shareholders’ equity | $1,958,021 | $1,827,688 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.