Financial Ratios First Community Corporation

Equities

FCCO

US3198351047

Banks

Market Closed - Nasdaq Other stock markets 16:00:00 2024-09-13 EDT			5-day change	1st Jan Change
21.94 ^USD	+2.96%		+3.98%	+1.90%

07-18	Raymond James Adjusts Price Target on First Community to $24 From $21, Maintains Outperform Rating	MT
07-17	First Community Corporation Reports Net Charge-Offs for the Second Quarter Ended June 30, 2024	CI

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Published financial data: FIRST COMMUNITY CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	35.45M	37.04M	39.67M	39.23M	52.32M
Interest Income On Investments	7.18M	6.74M	7.85M	11.88M	20.38M
Interest Income, Total	42.63M	43.78M	47.52M	51.12M	72.7M
Interest On Deposits	4.56M	3.02M	1.74M	1.85M	16.56M
Total Interest On Borrowings	1.22M	734K	501K	1.32M	7.24M
Interest Expense, Total	5.78M	3.76M	2.24M	3.17M	23.8M
Net Interest Income	36.85M	40.02M	45.28M	47.94M	48.89M
Service Charges On Deposits	1.65M	1.12M	977K	960K	963K
Total Mortgage Banking Activities	4.56M	5.56M	4.32M	1.9M	1.41M
Income (Loss) on Real Estate Property	-	-	77K	-45K	151K
Gain (Loss) on Sale of Assets	-3K	147K	117K	-73K	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	136K	99K	-	-	-1.25M
Total Other Non Interest Income	5.68M	6.53M	8.24M	8.82M	9.03M
Non Interest Income, Total	12.02M	13.46M	13.73M	11.56M	10.3M
Revenues Before Provison For Loan Losses	48.87M	53.48M	59.01M	59.5M	59.19M
Provision For Loan Losses	139K	3.66M	335K	-152K	1.13M
Total Revenues	48.73M	49.82M	58.68M	59.66M	58.06M
Salaries And Other Employee Benefits	21.12M	23.77M	24.16M	23.75M	23.68M
Amort. of Goodwill & Intang. Assets	523K	363K	201K	158K	158K
Occupancy Expense	-	-	-	-	-
Federal Deposit Insurance	57K	404K	618K	468K	904K
Selling General & Admin Expenses, Total	5.45M	5.25M	5.75M	7.21M	8.4M
(Income) Loss on Real Estate Property	81K	201K	105K	308K	-112K
(Income) Loss on Equity Invest.	88K	-	-	-	-
Total Other Non Interest Expense	7.3M	7.55M	8.37M	9.36M	10.11M
Non Interest Expense, Total	34.62M	37.53M	39.2M	41.25M	43.14M
EBT, Excl. Unusual Items	14.11M	12.28M	19.48M	18.4M	14.92M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) on Sale of Assets	-282K	-	-	-	-
Insurance Settlements	-	311K	-	-	-
Other Unusual Items	-	-	171K	7K	121K
EBT, Incl. Unusual Items	13.83M	12.6M	19.65M	18.41M	15.04M
Income Tax Expense	2.86M	2.5M	4.18M	3.8M	3.2M
Earnings From Continuing Operations	10.97M	10.1M	15.46M	14.61M	11.84M
Net Income to Company	10.97M	10.1M	15.46M	14.61M	11.84M
Net Income - (IS)	10.97M	10.1M	15.46M	14.61M	11.84M
Net Income to Common Incl Extra Items	10.97M	10.1M	15.46M	14.61M	11.84M
Net Income to Common Excl. Extra Items	10.97M	10.1M	15.46M	14.61M	11.84M
Per Share Items
Net EPS - Basic	1.46	1.36	2.06	1.94	1.56
Basic EPS - Continuing Operations	1.46	1.36	2.06	1.94	1.56
Basic Weighted Average Shares Outstanding	7.51M	7.45M	7.49M	7.53M	7.57M
Net EPS - Diluted	1.45	1.35	2.05	1.92	1.55
Diluted EPS - Continuing Operations	1.45	1.35	2.05	1.92	1.55
Diluted Weighted Average Shares Outstanding	7.59M	7.48M	7.55M	7.61M	7.65M
Normalized Basic EPS	1.17	1.03	1.62	1.53	1.23
Normalized Diluted EPS	1.16	1.03	1.61	1.51	1.22
Dividend Per Share	0.45	0.48	0.49	0.53	0.56
Payout Ratio	30.13	35.38	23.23	26.78	35.76
Supplemental Items
Effective Tax Rate - (Ratio)	20.67	19.82	21.29	20.63	21.26
Current Domestic Taxes	2.84M	3.25M	4.4M	4.16M	3.56M
Total Current Taxes	2.84M	3.25M	4.4M	4.16M	3.56M
Deferred Domestic Taxes	18K	-785K	-220K	-366K	-367K
Total Deferred Taxes	18K	-785K	-220K	-366K	-367K
Normalized Net Income	8.82M	7.68M	12.17M	11.5M	9.32M
Non-Cash Pension Expense	437K	470K	516K	492K	482K
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	144K	257K	329K	1.61M	2.18M
Total Stock-Based Compensation	144K	257K	329K	1.61M	2.18M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	47.69M	64.99M	69.02M	37.4M	94.7M
Investment Securities, Total	104M	95.39M	168M	195M	150M
Trading Asset Securities, Total	-	-	-	-	1.07M
Mortgage Backed Securities	184M	265M	398M	366M	351M
Total investments	288M	361M	566M	562M	502M
Gross Loans	737M	845M	864M	981M	1.13B
Allowance For Loan Losses	-6.63M	-10.39M	-11.18M	-11.34M	-12.27M
Other Adjustments to Gross Loans	-	-1M	-	-	-
Net Loans	730M	834M	853M	970M	1.12B
Gross Property Plant And Equipment	49.75M	50.65M	49.56M	49.18M	49.98M
Accumulated Depreciation	-11.52M	-13.16M	-13.89M	-15.2M	-16.14M
Net Property Plant And Equipment	38.22M	37.49M	35.67M	33.98M	33.84M
Goodwill	14.64M	14.64M	14.64M	14.64M	14.64M
Other Intangibles, Total	1.48M	1.12M	919K	761K	604K
Investment in FHLB	992K	1.1M	698K	2.9M	5.5M
Loans Held For Sale	11.16M	45.02M	7.12M	1.78M	4.43M
Accrued Interest Receivable	-	-	-	-	3.6M
Other Current Assets, Total	591K	591K	-	-	-
Deferred Tax Assets Long-Term (Collected)	1.02M	-	1.81M	11.66M	11.02M
Other Real Estate Owned And Foreclosed	1.41M	1.19M	1.16M	934K	622K
Other Long-Term Assets, Total	34.88M	34.65M	35.02M	37.52M	35.22M
Total Assets	1.17B	1.4B	1.58B	1.67B	1.83B
Liabilities
Accrued Expenses, Total	1.1M	1.1M	1.1M	1.26M	1.44M
Interest Bearing Deposits	612M	722M	917M	858M	955M
Institutional Deposits	85.93M	81.87M	-	66.43M	124M
Non-Interest Bearing Deposits	290M	386M	445M	461M	432M
Total Deposits	988M	1.19B	1.36B	1.39B	1.51B
Short-Term Borrowings	33.3M	40.91M	54.22M	141M	153M
Current Portion of Long-Term Debt	211K	-	-	-	-
Current Portion of Leases	292K	298K	303K	262K	424K
Federal Home Loan Bank Debt - Long-Term	-	-	-	-	-
Long-Term Leases	2.97M	2.82M	2.65M	2.57M	3M
Trust Preferred Securities (BS)	14.96M	14.96M	14.96M	14.96M	14.96M
Other Non Current Liabilities	9.05M	9.54M	8.99M	9.4M	12.94M
Total Liabilities	1.05B	1.26B	1.44B	1.55B	1.7B
Common Stock, Total	7.44M	7.5M	7.55M	7.58M	7.61M
Additional Paid In Capital	90.49M	91.38M	92.14M	92.68M	93.17M
Retained Earnings	19.93M	26.45M	38.32M	49.02M	56.3M
Comprehensive Income and Other	2.34M	11M	2.98M	-30.92M	-26.01M
Total Common Equity	120M	136M	141M	118M	131M
Total Equity	120M	136M	141M	118M	131M
Total Liabilities And Equity	1.17B	1.4B	1.58B	1.67B	1.83B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.46M	7.53M	7.56M	7.59M	7.63M
ECS Total Common Shares Outstanding	7.44M	7.5M	7.55M	7.58M	7.61M
Book Value / Share	16.16	18.18	18.68	15.62	17.23
Tangible Book Value	104M	121M	125M	103M	116M
Tangible Book Value Per Share	13.99	16.08	16.62	13.59	15.23
Tangible Book Value Per Share (As Reported)	13.99	16.08	16.62	13.59	15.23
Average Assets	1.12B	1.3B	1.52B	1.65B	1.75B
Average Loans	735M	835M	889M	920M	1.05B
Total Debt	51.74M	58.99M	72.13M	159M	171M
Deposits at Interest - Cash	32.74M	46.06M	47.05M	12.94M	66.79M
Federal Funds Sold	-	-	-	-	-
Net Debt	4.04M	-6M	3.11M	121M	75.49M
Full Time Employees	242	244	247	254	268
Part Time Employees	-	-	3	7	14
Number Of Offices	22	22	22	23	23

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	10.97M	10.1M	15.46M	14.61M	11.84M
Depreciation, Depletion & Amortization	1.6M	1.64M	1.71M	1.66M	1.76M
Amortization of Goodwill and Intangible Assets - (CF)	523K	363K	201K	158K	158K
Total Depreciation, Depletion & Amortization	2.12M	2M	1.92M	1.82M	1.92M
Gain (Loss) on Sale of Loans & Receivables - (CF)	-492K	-271K	-135K	-49K	-81K
(Gain) Loss On Sale of Asset - (CF)	285K	-147K	-194K	118K	-151K
(Gain) Loss on Sale of Investments - (CF)	2.07M	1.92M	2.31M	1.6M	-1.85M
Total Asset Writedown	-	128K	50K	69K	44K
Provision for Credit Losses	139K	3.66M	335K	-152K	1.13M
Net (Increase) Decrease in Loans Originated / Sold - Operating	-7.93M	-33.86M	37.9M	5.34M	-2.65M
Change in Accounts Payable	3.05M	-	-	-	-
Change in Other Net Operating Assets (Collected)	-5.23M	-570K	279K	-1.24M	2.03M
Other Operating Activities	-	-	-	-	-
Cash from Operations	4.99M	-17.05M	57.93M	22.12M	12.23M
Capital Expenditure	-2.79M	-1.09M	-813K	-1.22M	-1.07M
Sale of Property, Plant, and Equipment	301K	-	1.43M	1.04M	-
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Real Estate Properties (Collected)	47K	349K	201K	117K	419K
Investment in Marketable and Equity Securities, Total	-28.53M	-63.91M	-217M	-45.92M	64.01M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-18.22M	-107M	-19.1M	-117M	-153M
Other Investing Activities, Total	-	-	-850K	-	-
Cash from Investing	-49.2M	-172M	-236M	-163M	-89.67M
Short Term Debt Issued, Total	5.27M	7.62M	13.3M	36.53M	-
Long-Term Debt Issued, Total	82M	34M	-	118M	289M
Total Debt Issued	87.27M	41.62M	13.3M	155M	289M
Short Term Debt Repaid, Total	-	-	-	-	-27.88M
Long-Term Debt Repaid, Total	-82.02M	-34.21M	-	-68M	-249M
Total Debt Repaid	-82.02M	-34.21M	-	-68M	-277M
Issuance of Common Stock	835K	835K	867K	2.37M	1.38M
Repurchase of Common Stock	-5.8M	-15K	-70K	-42K	-121K
Common Dividends Paid	-3.31M	-3.57M	-3.59M	-3.91M	-4.24M
Common & Preferred Stock Dividends Paid	-3.31M	-3.57M	-3.59M	-3.91M	-4.24M
Net Increase (Decrease) in Deposit Accounts - (CF)	62.72M	201M	172M	24.09M	126M
Other Financing Activities, Total	-75K	-	-	-	-28K
Cash from Financing	59.63M	206M	182M	109M	135M
Net Change in Cash	15.42M	17.3M	4.03M	-31.62M	57.29M
Supplemental Items
Cash Interest Paid	5.47M	4.26M	3.31M	3.06M	20.75M
Cash Income Tax Paid (Refund)	2.41M	3.04M	5.1M	3.89M	3.57M
Net Debt Issued / Repaid	5.25M	7.41M	13.3M	86.53M	12.12M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.97	0.79	1.04	0.9	0.68
Return On Equity %	9.43	7.87	11.15	11.27	9.5
Return on Common Equity	9.43	7.87	11.15	11.27	9.5
Shareholders Value Added	-2.47M	-4.93M	-974K	-791K	-2.96M
Margin Analysis
SG&A Margin	54.51	58.24	50.97	51.9	55.26
Net Interest Income / Total Revenues %	75.62	80.34	77.17	80.36	84.2
EBT Excl. Non-Recurring Items Margin %	28.96	24.66	33.19	30.85	25.69
Income From Continuing Operations Margin %	22.51	20.27	26.36	24.5	20.4
Net Income Margin %	22.51	20.27	26.36	24.5	20.4
Net Avail. For Common Margin %	22.51	20.27	26.36	24.5	20.4
Normalized Net Income Margin	18.1	15.41	20.74	19.28	16.06
Asset quality
Nonperforming Loans / Total Loans %	0.32	0.69	0.03	0.5	0.02
Nonperforming Loans / Total Assets %	0.2	0.42	0.02	0.29	0.01
Nonperforming Assets / Total Assets %	0.32	0.5	0.09	0.35	0.05
NPAs / Loans and OREO	0.51	0.83	0.16	0.59	0.08
NPAs / Equity	3.11	5.15	1	4.93	0.66
Allowance for Credit Losses / Net Charge-offs %	-2.95K	-10.49K	-2.46K	-3.67K	-204K
Allowance for Credit Losses / Nonperforming Loans %	284.54	178.44	4.47K	231.49	5.07K
Allowance for Credit Losses / Total Loans %	0.9	1.23	1.29	1.16	1.08
Net Charge-offs / Total Average Loans %	-0.03	-0.01	-0.05	-0.03	-0
Provision for Loan Losses / Net Charge-offs %	-61.78	-3.7K	-73.63	49.19	-18.82K
Earning Assets / IBL	140.8	148.01	149.89	146.93	140.94
Interest Income / Average Assets	3.82	3.38	3.13	3.09	4.16
Interest Expense / Average Assets	0.52	0.29	0.15	0.19	1.36
Net Interest Income / Average Assets	3.3	3.09	2.98	2.9	2.8
Non Interest Income / Average Assets	1.08	1.04	0.9	0.7	0.59
Non Interest Expense / Average Asset	3.1	2.9	2.58	2.5	2.47
Capital And Funding
Total Average Common Equity / Total Average Assets %