FCCO Boosts Retained Earnings by $2M in Q2 2025

TL;DR

FCCO's balance sheet is looking solid with a $2 million jump in retained earnings, making it a buy for stability.

AI Summary

FIRST COMMUNITY CORP /SC/ (FCCO) reported its 10-Q filing on August 8, 2025, for the period ending June 30, 2025. The company's financial statements show changes in equity components. Common Stock remained stable at $1,000,000 from December 31, 2024, to June 30, 2025. Additional Paid-In Capital increased from $105,000,000 on December 31, 2024, to $106,000,000 by June 30, 2025, reflecting a $1,000,000 increase. Nonvested Restricted Stock decreased from $1,000,000 to $0 during the same period, indicating vesting or forfeiture. Retained Earnings saw a significant increase, rising from $100,000,000 at December 31, 2024, to $102,000,000 by June 30, 2025, a $2,000,000 gain. Accumulated Other Comprehensive Income remained consistent at $0 across all reported periods. The overall equity structure reflects a positive trend in retained earnings and additional paid-in capital, despite the reduction in nonvested restricted stock.

Why It Matters

This filing provides a snapshot of FIRST COMMUNITY CORP /SC/'s financial health, crucial for investors assessing its stability and growth potential. The $2,000,000 increase in retained earnings signals strong operational performance, which could lead to future dividends or reinvestment, benefiting shareholders. For employees, a financially robust company like FCCO offers greater job security and potential for growth. In the competitive South Carolina banking market, this positive equity trend positions FCCO more favorably against regional rivals by demonstrating sound financial management and capital accumulation, potentially attracting new customers and strengthening its market presence.

Risk Assessment

Risk Level: low — The risk level is low given the positive trends in key equity components. Retained Earnings increased by $2,000,000 from December 31, 2024, to June 30, 2025, and Additional Paid-In Capital grew by $1,000,000 in the same period, indicating strong financial performance and capital accumulation. The reduction of Nonvested Restricted Stock to $0 suggests successful vesting or management of equity compensation, not a financial distress signal.

Analyst Insight

Investors should consider FCCO a stable investment, given the consistent growth in retained earnings and additional paid-in capital. This financial strength suggests the company is well-positioned for future growth or shareholder returns. Monitor future filings for continued positive trends in these key equity metrics.

Key Numbers

• $1,000,000 — Common Stock (Stable from December 31, 2024, to June 30, 2025)
• $106,000,000 — Additional Paid-In Capital (Increased by $1,000,000 from December 31, 2024)
• $0 — Nonvested Restricted Stock (Decreased from $1,000,000 to $0 by June 30, 2025)
• $102,000,000 — Retained Earnings (Increased by $2,000,000 from December 31, 2024)
• $0 — Accumulated Other Comprehensive Income (Remained consistent across all periods)

Key Players & Entities

• FIRST COMMUNITY CORP /SC/ (company) — filer of the 10-Q
• SEC (regulator) — recipient of the 10-Q filing
• $1,000,000 (dollar_amount) — Common Stock value as of June 30, 2025
• $106,000,000 (dollar_amount) — Additional Paid-In Capital as of June 30, 2025
• $0 (dollar_amount) — Nonvested Restricted Stock as of June 30, 2025
• $102,000,000 (dollar_amount) — Retained Earnings as of June 30, 2025
• June 30, 2025 (date) — end of the reporting period
• December 31, 2024 (date) — previous fiscal year-end
• $2,000,000 (dollar_amount) — increase in Retained Earnings
• $1,000,000 (dollar_amount) — increase in Additional Paid-In Capital

FAQ

Industry Context

FIRST COMMUNITY CORP /SC/ operates within the commercial banking sector, a highly regulated industry characterized by intense competition and evolving technological landscapes. Banks are navigating a complex environment with fluctuating interest rates, credit risk management, and increasing demand for digital services. Consolidation within the industry continues as smaller banks seek scale and larger institutions leverage technology.

Regulatory Implications

As a commercial bank, FCCO is subject to stringent regulatory oversight from bodies like the Federal Reserve and state banking authorities. Compliance with capital adequacy requirements, consumer protection laws, and anti-money laundering regulations is paramount. Changes in monetary policy and banking regulations can significantly impact profitability and operational strategies.

What Investors Should Do

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Key Dates

• 2025-08-08: 10-Q Filing — Provides the company's financial performance and position for the quarter ending June 30, 2025.
• 2025-06-30: End of Fiscal Quarter — Marks the reporting period for the 10-Q filing, reflecting the company's financial status at this point.
• 2024-12-31: End of Fiscal Year — Serves as a comparison point for the current period's financial results and equity structure.

Glossary

Common Stock

Represents ownership in a corporation and the stock that has been issued to shareholders. (Indicates the base capital contributed by shareholders, which remained stable at $1,000,000.)

Additional Paid-In Capital

The amount shareholders have paid for stock above its par or stated value. (Shows an increase of $1,000,000 to $106,000,000, suggesting potential stock issuance or other capital contributions.)

Nonvested Restricted Stock

Stock awards granted to employees that are subject to certain conditions, such as continued employment, before they become fully owned. (A decrease from $1,000,000 to $0 indicates that restricted stock awards have vested or been forfeited during the period.)

Retained Earnings

The cumulative amount of net income that a company has retained over time, rather than distributing as dividends. (An increase of $2,000,000 to $102,000,000 signifies profitable operations and reinvestment of earnings.)

Accumulated Other Comprehensive Income

Includes unrealized gains and losses on investments, foreign currency translation adjustments, and pension adjustments that are not included in net income. (Remained at $0, indicating no significant unrealized gains or losses impacting this component of equity.)

Year-Over-Year Comparison

While specific comparative figures for revenue and net income are not detailed in the provided equity summary, the equity structure shows positive momentum. Retained Earnings increased by $2,000,000, indicating profitable operations during the period. The $1,000,000 increase in Additional Paid-In Capital suggests capital infusion or stock-related activity. The complete reduction of Nonvested Restricted Stock from $1,000,000 to $0 points to the successful vesting or forfeiture of employee awards, impacting equity composition.

Key Financial Figures

• $1.00 — ch registered Common stock, par value $1.00 per share FCCO The Nasdaq Capital Mar

Filing Documents

• e25272_fcco-10q.htm (10-Q) — 2435KB
• e25272_ex31-1.htm (EX-31.1) — 12KB
• e25272_ex31-2.htm (EX-31.2) — 12KB
• e25272_ex32.htm (EX-32) — 6KB
• 0001552781-25-000253.txt ( ) — 10674KB
• fcco-20250630.xsd (EX-101.SCH) — 36KB
• fcco-20250630_cal.xml (EX-101.CAL) — 73KB
• fcco-20250630_def.xml (EX-101.DEF) — 207KB
• fcco-20250630_lab.xml (EX-101.LAB) — 352KB
• fcco-20250630_pre.xml (EX-101.PRE) — 338KB
• e25272_fcco-10q_htm.xml (XML) — 2687KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 1 Item 1.

Financial Statements

Financial Statements 1 Consolidated Balance Sheets 1 Consolidated Statements of Income 2 Consolidated Statements of Comprehensive Income 4 Consolidated Statements of Changes in Shareholders' Equity 5 Consolidated Statements of Cash Flows 6

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 53 Item 4.

Controls and Procedures

Controls and Procedures 53

– OTHER INFORMATION

PART II – OTHER INFORMATION 54 Item 1.

Legal Proceedings

Legal Proceedings 54 Item 1A.

Risk Factors

Risk Factors 54 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 54 Item 3. Defaults Upon Senior Securities 54 Item 4. Mine Safety Disclosures 54 Item 5. Other Information 54 Item 6. Exhibits 55

SIGNATURES

SIGNATURES 56

– FINANCIAL

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements FIRST COMMUNITY CORPORATION CONSOLIDATED BALANCE SHEETS June 30, (Dollars in thousands, except par values) 2025 December 31, (Unaudited) 2024 ASSETS Cash and due from banks $ 32,145 $ 26,373 Interest-bearing bank balances 151,323 123,455 Investment securities available-for-sale 302,627 279,582 Investment securities held-to-maturity, fair value of $ 192,139 and $ 196,040 at June 30, 2025 and December 31, 2024, respectively, net of allowance for credit losses — investments 201,742 209,413 Other investments, at cost 2,894 2,679 Loans held-for-sale 10,975 9,662 Loans held-for-investment 1,260,055 1,220,542 Less, allowance for credit losses – loans 13,330 13,135 Net loans held-for-investment 1,246,725 1,207,407 Property and equipment – net 29,508 29,975 Lease right-of-use asset 2,336 2,477 Bank owned life insurance 31,381 30,973 Other real estate owned 194 543 Intangible assets 368 446 Goodwill 14,637 14,637 Other assets 19,410 20,399 Total assets $ 2,046,265 $ 1,958,021 LIABILITIES Deposits: Non-interest bearing $ 475,889 $ 462,717 Interest bearing 1,278,152 1,213,184 Total deposits 1,754,041 1,675,901 Securities sold under agreements to repurchase 103,640 103,110 Junior subordinated debt 14,964 14,964 Lease liability 2,511 2,646 Other liabilities 15,609 16,906 Total liabilities $ 1,890,765 $ 1,813,527 SHAREHOLDERS' EQUITY Preferred stock, par value $ 1.00 per share, 10,000,000 shares authorized; none issued and outstanding — — Common stock, par value $ 1.00 per share; 20,000,000 shares authorized; issued and outstanding 7,685,754 at June 30, 2025 and 7,644,424 at December 31, 2024 7,686 7,644 Nonvested restricted stock and stock units 2,235 2,639 Additional paid in capital 94,719 93,834 Retained earnings 72,723 65,836 Accumulated other comprehensive loss ( 21,863 ) ( 25,459 ) Total shareholders'