First Community Corporation (FCCO) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,40169,02264,99247,69232,26830,591
Cash and cash equivalents37,40169,02264,99247,69232,26830,591
Total current assets:37,40169,02264,99247,69232,26830,591
Noncurrent Assets
Operating lease, right-of-use asset2,7022,8423,0323,215
Property, plant and equipment31,27732,83134,45835,00834,98736,103
Intangible assets, net (including goodwill)15,39815,55615,75716,12016,64317,158
Goodwill14,63714,63714,63714,63714,63714,589
Intangible assets, net (excluding goodwill)7619191,1201,4832,0062,569
Total noncurrent assets:49,37751,22953,24754,34351,63053,261
Other undisclosed assets1,586,1681,464,2571,277,1431,068,2441,007,697966,879
TOTAL ASSETS:1,672,9461,584,5081,395,3821,170,2791,091,5951,050,731
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt68,90554,274101,91433,43928,22819,435
Total current liabilities:68,90554,274101,91433,43928,22819,435
Noncurrent Liabilities
Other undisclosed liabilities1,485,6801,389,2361,157,1311,016,646950,870925,633
Total liabilities:1,554,5851,443,5101,259,0451,050,085979,098945,068
Equity
Equity, attributable to parent, including:118,361140,998136,337120,194112,497105,663
Common stock7,5787,5497,5007,4407,6397,588
Additional paid in capital92,68392,13991,38090,48895,04894,516
Accumulated other comprehensive income (loss)(32,386)3,27911,2872,490(2,334)(444)
Retained earnings49,02538,32526,45319,92712,2624,066
Warrants and rights outstanding     3146
Other undisclosed equity, attributable to parent1,461(294)(283)(151)(149)(109)
Total equity:118,361140,998136,337120,194112,497105,663
TOTAL LIABILITIES AND EQUITY:1,672,9461,584,5081,395,3821,170,2791,091,5951,050,731

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues55,59651,51546,49844,65141,41239,111
Net investment income51,11747,52043,77842,63039,72932,156
Cost of revenue (335)(3,663)(139)(346)(530)
Provision for loan, lease, and other losses (335)(3,663)(139)(346)
Financial services costs(530)
Gross profit:55,59651,18042,83544,51241,06638,581
Operating expenses(6,973)(9,513)(8,786)(8,587)(7,454)(23,201)
Other operating income, net3,5072,4712,2601,9421,9111,344
Noninterest income, other operating income4,3414,2483,8143,6603,6152,896
Other expenses (834)(1,777)(1,554)(1,718)(1,704)(1,552)
Operating income:52,13044,13836,30937,86735,52316,724
Nonoperating income (expense)(38)248458(3)  
Gains (losses) on sales of other real estate (45)77147(3)  
Bank owned life insurance income 7171311   
Interest and debt expense(3,174)(2,241)(3,755)(5,781)(3,981)(3,209)
Other undisclosed loss from continuing operations before equity method investments, income taxes(30,507)(22,498)(20,417)(18,254)(17,619)(4,370)
Income from continuing operations before income taxes:18,41119,64712,59513,82913,9239,145
Income tax expense(3,798)(4,182)(2,496)(2,858)(2,694)(3,330)
Income from continuing operations:14,61315,46510,09910,97111,2295,815
Income before gain (loss) on sale of properties:15,46510,09910,97111,2295,815
Net income available to common stockholders, diluted:14,61315,46510,09910,97111,2295,815

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:14,61315,46510,09910,97111,2295,815
Other comprehensive loss(9,481) (2,339)   
Comprehensive income:5,13215,4657,76010,97111,2295,815
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(26,184)(8,008)11,1364,824(1,890)793
Comprehensive income (loss), net of tax, attributable to parent:(21,052)7,45718,89615,7959,3396,608

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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