First Community Corp (South Carolina)
firstcommunitysc.comWhat Do They Do?
Provides commercial and retail banking services, including deposits and loans, to small and medium-sized businesses, professionals and individuals in South Carolina and Georgia.
10-K for FY2025, filed Mar 16, 2026
How Do They Make Money?
Earns interest on loans and investments. Customers also pay monthly account fees and fees for transactions and debit-card use when each service or transaction occurs.
10-K for FY2025, filed Mar 16, 2026The following discussion describes our results of operations for 2025, as compared to 2024 and 2023, and also analyzes our financial…View ↗
Deposit Service Charges: The Bank earns fees from its deposit customers for account maintenance, transaction-based and overdraft services.…View ↗
Check Card Fee Income: Check card fee income represents fees earned when a debit card issued by the Bank is used. The Bank earns…View ↗
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10-K for FY2025, filed Mar 16, 2026
FY2025 revenue by reportable segment (Interest and dividend income) ↗
$922K
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10-K for FY2025, filed Mar 16, 2026
$922K ↗
| Segment | Share | Revenue |
|---|---|---|
|
Commercial And Retail Banking
|
90%
FY2022: 96%
|
Commercial And Retail Banking, FY2025
$87.8M Sources
|
|
Mortgage Banking
|
9.4%
FY2022: 3.6%
|
Mortgage Banking, FY2025
$9.1M Sources
|
|
Corporate Segment
|
7.4%
FY2022: 8.8%
|
Corporate Segment, FY2025
$7.2M Sources
|
|
Eliminations
|
−7.2%
FY2022: −8.7%
|
Eliminations, FY2025
−$7M Sources
|
Who Are Their Customers?
Customers use the bank’s full-service offices and online banking for deposits, loans and other services; investment and brokerage products are offered through an LPL-affiliated representative, and credit cards through a correspondent bank.
10-K for FY2025, filed Mar 16, 2026We engage in a commercial banking business from our main office in Lexington, South Carolina and our 21 full-service offices located in…View ↗
We offer a wide range of traditional banking products and services for professionals and small-to medium-sized businesses, including…View ↗
Other bank services include internet banking, cash management services, safe deposit boxes, direct deposit of payroll and social security…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 1907 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 12, 2026
Open tableView ↗
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Jul 22, 2026
Bank CEO to retire; successors named for CEO and president roles
J. Ted Nissen will retire December 31, 2026; Vaughan Dozier will become bank CEO and Drew Painter president January 1, 2027.
Sources
8-K, filed Jul 22, 2026
J. Ted Nissen has notified the Company and the Bank of his decision to retire from his positions as Executive Vice President and Chief…View ↗
Flat. Revenue was $922K in FY2025, about the same as the $977K of FY2021.
Mortgage loan retention
The latest report says some originated mortgages are held in the bank’s loan portfolio as well as sold to the secondary market; the earlier report said substantially all were sold.
10-K for FY2022, filed Mar 22, 2023 10-K for FY2025, filed Mar 16, 2026We also offer a full range of commercial and personal loans. Commercial loans include both secured and unsecured loans for working capital…View ↗
We also offer a full range of commercial and personal loans. Commercial loans include both secured and unsecured loans for working capital…View ↗
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