FIRST COMMUNITY CORP /SC/
For the period ended Sep 30, 2026. Filed Nov 10, 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.
Sep 30, 2026 · Filed Nov 10, 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
| Nine months ended September 30, | ||
|---|---|---|
| (Dollars in thousands) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $21,137 | $14,375 |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||
| Depreciation | 1,340 | 1,282 |
| Net premium accretion on investment securities available-for-sale | (1,845) | (2,282) |
| Net premium accretion on investment securities held-to-maturity | (595) | (512) |
| Provision for credit losses | 512 | 401 |
| Write-downs of other real estate owned | 85 | 100 |
| Origination of loans held-for-sale | (91,898) | (89,660) |
| Sale of loans held-for-sale | 100,202 | 92,914 |
| Gain on sale of loans held-for-sale | (2,347) | (2,562) |
| Loss (gain) on sale of other assets | 2 | (127) |
| Amortization of intangibles | 301 | 118 |
| Loss (gain) on fair value of equity securities | 29 | (1) |
| Stock-based compensation | 627 | 644 |
| Decrease in other assets | 2,478 | 992 |
| Decrease in other liabilities | (8,360) | (313) |
| Net cash provided by operating activities | 21,670 | 15,369 |
| Cash flows from investing activities: | ||
| Purchase of investment securities available-for-sale | (57,352) | (42,539) |
| Purchase of other investments | (139) | (303) |
| Sale/maturity/call of investment securities available-for-sale | 40,603 | 30,493 |
| Maturity/call of investment securities held-to-maturity | 12,233 | 11,124 |
| Increase in loans | (103,727) | (58,781) |
| Proceeds from sale of other real estate owned | — | 376 |
| Purchase of property and equipment | (703) | (540) |
| Net disposals of property and equipment | 1 | 30 |
| Cash and cash equivalents, net of cash paid to settle options, from acquisition of Signature Bank of Georgia | 35,933 | — |
| Net cash used in investing activities | (73,151) | (60,140) |
| Cash flows from financing activities: | ||
| Increase in deposit accounts | 26,812 | 95,263 |
| Decrease in securities sold under agreements to repurchase | (5,720) | (3,496) |
| Dividends paid: Common Stock | (4,586) | (3,523) |
| Share repurchase | (41) | — |
| Dividend reinvestment plan | 289 | 292 |
| Net cash provided by financing activities | 16,754 | 88,536 |
| Net (decrease) increase in cash and cash equivalents | (34,727) | 43,765 |
| Cash and cash equivalents at beginning of period | 161,060 | 149,828 |
| Cash and cash equivalents at end of period | $126,333 | $193,593 |
| Supplemental disclosure: | ||
| Cash paid during the period for: | ||
| Interest | $28,624 | $26,956 |
| Income taxes | 413 | 4,383 |
| Non-cash disclosures | ||
| Unrealized (loss) gain on available-for-sale securities, net of tax | (7,327) | 4,404 |
| Amortization of unrealized losses on securities from transfer of available-for-sale securities to held-to-maturity, net of tax | 979 | 991 |
| 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 | — |
| Cash paid to settle options and rounding for Signature Bank of Georgia acquisition | $5 | $— |
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