FIRST COMMUNITY CORP /SC/

For the period ended Jun 30, 2025. Filed Aug 8, 2025.

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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.

Jun 30, 2025 · Filed Aug 8, 2025

FCCO$32.81-0.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

(Dollars in thousands, except per share amounts)	Three Months ended June 30,
	2025	2024
Interest and dividend income:
Loans, including fees	$18,173	$16,401
Investment securities – taxable	3,976	4,114
Investment securities – non taxable	345	359
Other short-term investments and certificates of deposit	1,679	1,057
Total interest income	24,173	21,931
Interest expense:
Deposits	7,899	7,720
Securities sold under agreements to repurchase	681	497
Other borrowed money	269	1,020
Total interest expense	8,849	9,237
Net interest income	15,324	12,694
(Release of) provision for credit losses	(237)	454
Net interest income after (release of) provision for credit losses	15,561	12,240
Non-interest income:
Deposit service charges	224	235
Mortgage banking income	879	659
Investment advisory fees and non-deposit commissions	1,751	1,508
Gain on sale of other real estate owned	127	—
Other	1,225	1,240
Total non-interest income	4,206	3,642
Non-interest expense:
Salaries and employee benefits	8,060	7,303
Occupancy	772	738
Equipment	390	317
Marketing and public relations	208	258
FDIC insurance assessments	274	302
Other real estate expense, net	110	90
Amortization of intangibles	40	39
Other	3,229	2,796
Total non-interest expense	13,083	11,843
Net income before tax	6,684	4,039
Income tax expense	1,498	774
Net income	$5,186	$3,265
Basic earnings per common share	$0.68	$0.43
Diluted earnings per common share	$0.67	$0.42

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

(Dollars in thousands, except per share amounts)	Six Months ended June 30,
	2025	2024
Interest and dividend income:
Loans, including fees	$35,618	$31,951
Investment securities – taxable	7,783	8,303
Investment securities - non taxable	687	716
Other short term investments and certificates of deposit	3,167	2,217
Total interest income	47,255	43,187
Interest expense:
Deposits	15,509	14,923
Securities sold under agreements to repurchase	1,494	1,106
Other borrowed money	538	2,387
Total interest expense	17,541	18,416
Net interest income	29,714	24,771
Provision for credit losses	200	583
Net interest income after provision for credit losses	29,514	24,188
Non-interest income:
Deposit service charges	445	494
Mortgage banking income	1,638	1,084
Investment advisory fees and non-deposit commissions	3,557	2,866
Gain on sale of other real estate owned	127	—
Other	2,421	2,382
Total non-interest income	8,188	6,826
Non-interest expense:
Salaries and employee benefits	15,717	14,404
Occupancy	1,549	1,528
Equipment	780	647
Marketing and public relations	722	824
FDIC insurance assessments	574	580
Other real estate expense, net	122	102
Amortization of intangibles	79	78
Other	6,294	5,485
Total non-interest expense	25,837	23,648
Net income before tax	11,865	7,366
Income tax expense	2,682	1,504
Net income	$9,183	$5,862
Basic earnings per common share	$1.20	$0.77
Diluted earnings per common share	$1.18	$0.76

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