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
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Consolidated Statements of Income
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
| (Dollars in thousands, except per share amounts) | Three Months ended March 31, | |
|---|---|---|
| 2026 | 2025 | |
| Interest and dividend income: | ||
| Loans, including fees | $22,129 | $17,444 |
| Investment securities – taxable | 3,800 | 3,808 |
| Investment securities – non taxable | 324 | 342 |
| Interest-bearing deposits in other banks and fed funds sold | 1,786 | 1,488 |
| Total interest and dividend income | 28,039 | 23,082 |
| Interest expense: | ||
| Deposits | 8,761 | 7,609 |
| Securities sold under agreements to repurchase | 664 | 814 |
| Other borrowed money | 245 | 269 |
| Total interest expense | 9,670 | 8,692 |
| Net interest income | 18,369 | 14,390 |
| Provision for credit losses | 193 | 437 |
| Net interest income after provision for credit losses | 18,176 | 13,953 |
| Non-interest income: | ||
| Deposit service charges | 223 | 221 |
| Mortgage banking income | 681 | 759 |
| Investment advisory fees and non-deposit commissions | 2,271 | 1,806 |
| Government guaranteed lending | 395 | — |
| Other | 1,220 | 1,196 |
| Total non-interest income | 4,790 | 3,982 |
| Non-interest expense: | ||
| Salaries and employee benefits | 9,492 | 7,657 |
| Occupancy | 817 | 777 |
| Equipment | 379 | 390 |
| Marketing and public relations | 560 | 514 |
| FDIC insurance assessments | 272 | 300 |
| Amortization of intangibles | 96 | 39 |
| Merger | 1,581 | — |
| Other | 3,834 | 3,077 |
| Total non-interest expense | 17,031 | 12,754 |
| Net income before tax | 5,935 | 5,181 |
| Income tax expense | 437 | 1,184 |
| Net income | $5,498 | $3,997 |
| Basic earnings per common share | $0.60 | $0.52 |
| Diluted earnings per common share | $0.59 | $0.51 |
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