FIRST COMMUNITY CORP /SC/
For the period ended Mar 31, 2026. Filed May 15, 2026.
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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, 2026 · Filed May 15, 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 Cash Flows
| Three months ended March 31, | ||
|---|---|---|
| (Dollars in thousands) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $5,498 | $3,997 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 446 | 424 |
| Net premium amortization on investment securities available-for-sale | (694) | (686) |
| Net premium amortization on investment securities held-to-maturity | (201) | (158) |
| Provision for credit losses | 193 | 437 |
| Origination of loans held-for-sale | (25,395) | (25,745) |
| Sale of loans held-for-sale | 29,869 | 29,110 |
| Gain on sale of loans held-for-sale | (673) | (755) |
| Amortization of intangibles | 96 | 39 |
| Gain on fair value of equity securities | — | (1) |
| Stock-based compensation | (96) | 34 |
| (Increase) decrease in other assets | 47 | 386 |
| Increase (decrease) in other liabilities | (11,480) | (609) |
| Net cash provided by operating activities | (2,390) | 6,473 |
| Cash flows from investing activities: | ||
| Purchase of investment securities available-for-sale | (17,032) | (9,789) |
| Purchase of other investments | (262) | (216) |
| Sale/Maturity/call of investment securities available-for-sale | 16,204 | 5,842 |
| Maturity/call of investment securities held-to-maturity | 6,607 | 3,775 |
| Increase in loans | (42,261) | (31,426) |
| Proceeds from sale of other real estate owned | — | 106 |
| Purchase of property and equipment | (96) | (200) |
| Acquisition of Signature Bank of Georgia, net of cash and cash equivalents acquired | 35,932 | — |
| Net cash used in investing activities | (908) | (31,908) |
| Cash flows from financing activities: | ||
| Increase in deposit accounts | 68,969 | 49,817 |
| Decrease in securities sold under agreements to repurchase | (7,354) | 26,702 |
| Dividends paid: Common Stock | (1,495) | (1,148) |
| Share repurchase | (41) | — |
| Dividend reinvestment plan | 94 | 96 |
| Net cash provided by financing activities | 60,173 | 75,467 |
| Net increase in cash and equivalents | 56,875 | 50,032 |
| Cash and cash equivalents at beginning of period | 161,060 | 149,828 |
| Cash and cash equivalents at end of period | $217,935 | $199,860 |
| Supplemental disclosure: | ||
| Cash paid during the period for: | ||
| Interest | $9,454 | $8,371 |
| Income taxes | $13 | $1 |
| Supplemental disclosures | ||
| Unrealized gain on available-for-sale securities, net of tax | $(774) | $2,156 |
| Amortization of unrealized losses on securities from transfer of available-for-sale securities to held-to-maturity, net of tax | 332 | 330 |
| Recognition of operating lease right of use asset | 301 | — |
| Recognition of operating lease liability | 301 | — |
| Fair value of assets acquired in Signature Bank of Georgia acquisition, excluding cash, cash equivalents, and goodwill | 229,320 | — |
| Fair value of liabilities acquired in Signature Bank of Georgia acquisition | 230,282 | — |
| Goodwill from Signature Bank of Georgia acquisition | 14,762 | — |
| Common stock issued for Signature Bank of Georgia acquisition | $49,733 | $— |
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