First Community Corporation (FCCO) Financial Statements (2025 and earlier)

Company Profile

Business Address 5455 SUNSET BLVD
LEXINGTON, SC 29072
State of Incorp. SC
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments94,69537,40169,02264,99247,69232,268
Cash and cash equivalent94,69537,40169,02264,99247,69232,268
Total current assets:94,69537,40169,02264,99247,69232,268
Noncurrent Assets
Operating lease, right-of-use asset3,2482,7022,8423,0323,215
Property, plant and equipment30,58931,27732,83134,45835,00834,987
Intangible assets, net (including goodwill)15,24115,39815,55615,75716,12016,643
Goodwill14,63714,63714,63714,63714,63714,637
Intangible assets, net (excluding goodwill)6047619191,1201,4832,006
Total noncurrent assets:49,07849,37751,22953,24754,34351,630
Other undisclosed assets1,683,9151,586,1681,464,2571,277,1431,068,2441,007,697
TOTAL ASSETS:1,827,6881,672,9461,584,5081,395,3821,170,2791,091,595
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt62,93868,90554,274101,91433,43928,228
Total current liabilities:62,93868,90554,274101,91433,43928,228
Noncurrent Liabilities
Other undisclosed liabilities1,633,6911,485,6801,389,2361,157,1311,016,646950,870
Total liabilities:1,696,6291,554,5851,443,5101,259,0451,050,085979,098
Equity
Equity, attributable to parent, including:131,059118,361140,998136,337120,194112,497
Common stock7,6067,5787,5497,5007,4407,639
Additional paid in capital93,16792,68392,13991,38090,48895,048
Accumulated other comprehensive income (loss)(28,191)(32,386)3,27911,2872,490(2,334)
Retained earnings56,29649,02538,32526,45319,92712,262
Warrants and rights outstanding      31
Other undisclosed equity, attributable to parent2,1811,461(294)(283)(151)(149)
Total equity:131,059118,361140,998136,337120,194112,497
TOTAL LIABILITIES AND EQUITY:1,827,6881,672,9461,584,5081,395,3821,170,2791,091,595

Income Statement (P&L) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues77,20855,59651,51546,49844,65141,412
Net investment income72,69751,11747,52043,77842,63039,729
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1,129) (335)(3,663)(139)(346)
Gross profit:76,07955,59651,18042,83544,51241,066
Operating expenses(7,442)(6,973)(9,513)(8,786)(8,587)(7,454)
Other operating income, net3,5613,5072,4712,2601,9421,911
Noninterest income, other operating income4,5184,3414,2483,8143,6603,615
Other expenses(957)(834)(1,777)(1,554)(1,718)(1,704)
Operating income:72,19852,13044,13836,30937,86735,523
Nonoperating income (expense)272(38)248458(3) 
Gains (losses) on sales of other real estate 151(45)77147(3) 
Bank owned life insurance income1217171311  
Interest and debt expense (23,805)(3,174)(2,241)(3,755)(5,781)(3,981)
Other undisclosed loss from continuing operations before equity method investments, income taxes(33,625)(30,507)(22,498)(20,417)(18,254)(17,619)
Income from continuing operations before income taxes:15,04018,41119,64712,59513,82913,923
Income tax expense(3,197)(3,798)(4,182)(2,496)(2,858)(2,694)
Income from continuing operations:11,84314,61315,46510,09910,97111,229
Income before gain (loss) on sale of properties:15,46510,09910,97111,229
Net income available to common stockholders, diluted:11,84314,61315,46510,09910,97111,229

Comprehensive Income ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:11,84314,61315,46510,09910,97111,229
Other comprehensive loss(1,115)(9,481) (2,339)  
Comprehensive income:10,7285,13215,4657,76010,97111,229
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5,310(26,184)(8,008)11,1364,824(1,890)
Comprehensive income (loss), net of tax, attributable to parent:16,038(21,052)7,45718,89615,7959,339

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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