$FCCO
FIRST COMMUNITY CORP /SC/

2019 Q4 Form 10-K Financial Statement

#000155278121000119 Filed on March 12, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018
Revenue $2.021M $1.683M
YoY Change 20.08%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $720.0K $2.120M $2.080M
YoY Change 38.46% 1.92% 16.2%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.420M $13.83M $13.92M
YoY Change 0.88% -0.65% 52.13%
Income Tax $730.0K $2.860M $2.690M
% Of Pretax Income 21.35% 20.68% 19.32%
Net Earnings $2.700M $10.97M $11.23M
YoY Change 0.37% -2.32% 92.96%
Net Earnings / Revenue 542.8% 667.26%
Basic Earnings Per Share
Diluted Earnings Per Share $361.9K $1.445M $1.453M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $47.69M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $38.20M $38.20M $35.00M
YoY Change 9.14% 9.14% -3.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $600.0K $1.600M $2.300M
YoY Change -30.43% 9.52%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.170B $1.170B $1.092B
YoY Change 7.21% 7.21% 3.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.300M $3.300M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $33.30M $33.30M $28.00M
YoY Change 18.93% 18.93% 45.08%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.300M $3.300M $28.00M
YoY Change -88.21% -88.21% 45.08%
LONG-TERM LIABILITIES
Long-Term Debt $15.00M $15.00M $15.00M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $10.10M $10.10M $10.40M
YoY Change -2.88% -2.88% 25.3%
Total Long-Term Liabilities $25.10M $25.10M $25.40M
YoY Change -1.18% -1.18% 9.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.300M $3.300M $28.00M
Total Long-Term Liabilities $25.10M $25.10M $25.40M
Total Liabilities $1.050B $1.050B $979.1M
YoY Change 7.25% 7.25% 3.6%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $120.2M $120.2M $112.5M
YoY Change
Total Liabilities & Shareholders Equity $1.170B $1.170B $1.092B
YoY Change 7.21% 7.21% 3.89%

Cashflow Statement

Concept 2019 Q4 2019 2018
OPERATING ACTIVITIES
Net Income $2.700M $10.97M $11.23M
YoY Change 0.37% -2.32% 92.96%
Depreciation, Depletion And Amortization $720.0K $2.120M $2.080M
YoY Change 38.46% 1.92% 16.2%
Cash From Operating Activities $1.930M $4.750M $19.97M
YoY Change -74.2% -76.21% 8.83%
INVESTING ACTIVITIES
Capital Expenditures -$400.0K -$2.790M -$1.470M
YoY Change -59.18% 89.8% -52.12%
Acquisitions
YoY Change
Other Investing Activities -$25.02M -$46.41M -$46.35M
YoY Change 369.42% 0.13% -484.01%
Cash From Investing Activities -$25.42M -$49.20M -$47.81M
YoY Change 304.13% 2.91% -631.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 37.93M 59.87M 29.52M
YoY Change -747.27% 102.81% -257.36%
NET CHANGE
Cash From Operating Activities 1.930M 4.750M 19.97M
Cash From Investing Activities -25.42M -49.20M -47.81M
Cash From Financing Activities 37.93M 59.87M 29.52M
Net Change In Cash 14.44M 15.42M 1.680M
YoY Change -409.21% 817.86% -80.44%
FREE CASH FLOW
Cash From Operating Activities $1.930M $4.750M $19.97M
Capital Expenditures -$400.0K -$2.790M -$1.470M
Free Cash Flow $2.330M $7.540M $21.44M
YoY Change -72.46% -64.83% 0.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
USD
CY2019 fcco Writedowns Of Other Real Estate Owned
WritedownsOfOtherRealEstateOwned
USD
CY2018 fcco Writedowns Of Other Real Estate Owned
WritedownsOfOtherRealEstateOwned
USD
CY2019Q4 us-gaap Assets
Assets
1170279000 USD
CY2020Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
USD
CY2020 fcco Writedown On Premises Held For Sale
WritedownOnPremisesHeldForSale
USD
CY2018 fcco Writedown On Premises Held For Sale
WritedownOnPremisesHeldForSale
USD
CY2019 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
USD
CY2018 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
USD
CY2018 fcco Exercise Of Stock Warrants
ExerciseOfStockWarrants
USD
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2019 fcco Exercise Of Stock Warrants
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CY2020 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
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CY2018 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
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CY2020 fcco Write Down Of Fixed Assets
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CY2019 fcco Write Down Of Fixed Assets
WriteDownOfFixedAssets
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CY2020 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
USD
CY2019 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
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CY2020 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
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CY2019 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
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CY2019 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
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CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
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CY2020 us-gaap Proceeds From Sale Of Other Investments
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CY2018 us-gaap Payments For Repurchase Of Common Stock
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CY2018 us-gaap Operating Lease Cost
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CY2018 fcco Recognition Of Operating Lease Liability
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CY2018 us-gaap Debt Securities Held To Maturity Transfer Amount
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CY2020 fcco Purchase Of Bank Owned Life Insurance
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CY2018 fcco Purchase Of Bank Owned Life Insurance
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Proceeds From Issuance Of Common Stock
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CY2018 us-gaap Proceeds From Issuance Of Common Stock
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CY2019 us-gaap Transfer To Other Real Estate
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CY2020 us-gaap Operating Lease Cost
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CY2020 fcco Recognition Of Operating Lease Liability
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CY2020 us-gaap Debt Securities Held To Maturity Transfer Amount
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CY2020 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield Additions
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USD
CY2019 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference
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CY2020 fcco Certain Loans Acquired In Transfer Accounted For As Available For Sale Debt Securities Accretable Yield Other Changes
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CY2019 fcco Certain Loans Acquired In Transfer Accounted For As Available For Sale Debt Securities Accretable Yield Other Changes
CertainLoansAcquiredInTransferAccountedForAsAvailableForSaleDebtSecuritiesAccretableYieldOtherChanges
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CY2019 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
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CY2019 us-gaap Other Real Estate Disposals
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CY2020Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
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CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 fcco Income Tax Reconciliation Merger Expenses
IncomeTaxReconciliationMergerExpenses
USD
CY2018 fcco Income Tax Reconciliation Merger Expenses
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CY2019Q4 fcco Deferred Tax Assets Assets Acquired
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CY2020 fcco Writedown On Premises Held For Sale
WritedownOnPremisesHeldForSale
USD
CY2020 fcco Loss On Limited Partnership Interest
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USD
CY2020 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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shares
CY2020Q4 us-gaap Debt And Equity Securities Gain Loss
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CY2020Q2 us-gaap Debt And Equity Securities Gain Loss
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CY2020Q1 us-gaap Debt And Equity Securities Gain Loss
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CY2019Q4 us-gaap Provision For Loan And Lease Losses
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CY2019Q3 us-gaap Debt And Equity Securities Gain Loss
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CY2018Q3 us-gaap Debt And Equity Securities Gain Loss
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CY2020 us-gaap Fees And Commissions Mortgage Banking And Servicing
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CY2019 us-gaap Fees And Commissions Mortgage Banking And Servicing
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CY2020 us-gaap Investment Banking Revenue
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CY2019 us-gaap Investment Banking Revenue
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CY2020 us-gaap Debt And Equity Securities Gain Loss
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CY2019 us-gaap Debt And Equity Securities Gain Loss
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136000 USD
CY2019 fcco Writedown On Premises Held For Sale
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282000 USD
CY2020 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
3814000 USD
CY2019 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
3660000 USD

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