First Community Corp (NASDAQ: FCCO) is a South Carolina-based bank holding company that provides commercial and consumer banking services through its subsidiary bank. It makes money primarily on the spread between interest earned on loans and investments and interest paid on deposits, supplemented by fees from deposit accounts and mortgage banking activity. The bank offers commercial loans for working capital, business expansion, and equipment purchases, as well as consumer loans for automobiles, home improvements, education, and personal investments, and originates fixed and variable rate mortgage loans, some of which are sold into the secondary market. FCCO competes against national, regional, community, and internet banks, along with credit unions, savings and loans, finance companies, brokerage firms, insurance companies, and FinTech companies. As of December 31, 2024, the company employed 260 full-time, ten part-time, and eight seasonal or on-call employees, with salary and benefit expense of $29.3 million for the twelve months ended December 31, 2024.

Revenue model

Net interest income from the spread on loans and deposits, supplemented by noninterest income including fees and gains on mortgage loans sold into the secondary market.

Products and services

Commercial loans (working capital, business expansion, equipment), consumer loans (auto, home improvement, education, personal investment), real estate construction and acquisition loans, fixed and variable rate mortgage origination with secondary market sales, and deposit accounts.

Customers and end markets

Individual consumers and commercial borrowers within the bank's principal markets in South Carolina. End markets include small and mid-size businesses, retail banking customers, and real estate borrowers.

Value-chain role

Community bank and holding company acting as direct lender and deposit-taker. Originates and holds loans on balance sheet or sells mortgage loans into the secondary market.

Geographic exposure

Primary operations in South Carolina, as described in the 10-K filed 2026-03-16.

Competitors

National banks, Regional banks, Community banks, Internet banks, Credit unions, Savings and loans, Finance companies, Brokerage firms, Insurance companies, FinTech companies

Source: SEC 10-K, filed 2026-03-16

Industry: State Commercial Banks Peers: Avidbank Holdings Inc Citizens Community Bancorp Inc First Financial Northwest, Inc. First Keystone Corp Landmark Bancorp Inc OLD POINT FINANCIAL CORP Ohio Valley Banc Corp PNC Financial Services Group Inc SALISBURY BANCORP, INC.