FIRST COMMUNITY CORP /SC/
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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FY2025 · Filed Mar 16, 2026
FCCO$32.81-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| (Dollars in thousands except per share amounts) | 2025 | 2024 | 2023 |
| Interest income: | |||
| Loans, including fees | $73,655 | $66,431 | $52,317 |
| Investment securities - taxable | 15,548 | 16,084 | 16,715 |
| Investment securities – non-taxable | 1,378 | 1,420 | 1,471 |
| Other short-term investments and CDs | 6,473 | 5,487 | 2,194 |
| Total interest income | 97,054 | 89,422 | 72,697 |
| Interest expense: | |||
| Deposits | 31,247 | 31,173 | 16,563 |
| Securities sold under agreement to repurchase | 2,713 | 2,183 | 1,658 |
| Other borrowed money | 1,072 | 4,026 | 5,584 |
| Total interest expense | 35,032 | 37,382 | 23,805 |
| Net interest income | 62,022 | 52,040 | 48,892 |
| Provision for credit losses | 770 | 809 | 1,129 |
| Net interest income after provision for credit losses | 61,252 | 51,231 | 47,763 |
| Non-interest income: | |||
| Deposit service charges | 922 | 952 | 963 |
| Mortgage banking income | 3,270 | 2,368 | 1,406 |
| Investment advisory fees and non-deposit commissions | 7,565 | 6,181 | 4,511 |
| Loss on sale of securities | — | — | (1,249) |
| Gain on sale of other real estate owned | 127 | — | 151 |
| Loss on sale of other assets | — | (5) | — |
| Other non-recurring income | 190 | 105 | 121 |
| Other | 4,871 | 4,403 | 4,518 |
| Total non-interest income | 16,945 | 14,004 | 10,421 |
| Non-interest expense: | |||
| Salaries and employee benefits | 31,949 | 29,263 | 25,864 |
| Occupancy | 3,142 | 3,094 | 3,157 |
| Equipment | 1,552 | 1,451 | 1,566 |
| Marketing and public relations | 1,821 | 1,511 | 1,496 |
| FDIC insurance assessments | 1,117 | 1,177 | 904 |
| Other real estate expense (income) | 138 | 103 | (112) |
| Amortization of intangibles | 158 | 158 | 158 |
| Merger | 1,264 | — | — |
| Other | 12,197 | 10,708 | 10,111 |
| Total non-interest expense | 53,338 | 47,465 | 43,144 |
| Net income before tax | 24,859 | 17,770 | 15,040 |
| Income tax expense | 5,654 | 3,815 | 3,197 |
| Net income | $19,205 | $13,955 | $11,843 |
| Basic earnings per common share | $2.51 | $1.83 | $1.56 |
| Diluted earnings per common share | $2.47 | $1.81 | $1.55 |
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