secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRST COMMUNITY CORP /SC/ (FCCO)
CIK:        0000932781
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001552781-22-000600
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FCCO Q3: Loan growth 14.7% annualized, NIM expands 36bps to 3.29%, deposit costs flat at 9bps
--------------------------------------------------------------------------------

- Loan growth $33.9M in Q3 (14.7% annualized); YTD growth $86.5M (13.4% annualized).
- Net interest margin expanded 36bps to 3.29% in Q3; deposit costs unchanged at 0.09%.
- Nonperforming assets of $5.9M (0.36% of assets); one $4.0M non-accrual mixed-use CRE at 76% LTV.
- Core EPS $1.76 YTD through Q3 2022; tangible book value $13.03 ($17.43 ex AOCI).
- Mortgage production $17.4M in Q3 (vs $21.0M Q2); gain-on-sale margin 2.85%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932781/000155278122000600/0001552781-22-000600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932781/000155278122000600/e22472_fcco-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-22-000600

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer