secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY CORP /SC/ (FCCO)
CIK:        0000932781
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001552781-23-000374
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Community Corp reports $1.7B assets, 12.7% loan growth; NIM compression slows
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- Total assets $1.7B; loan portfolio $1.03B with 12.7% LTM growth (2Q23 annualized 15.9%).
- NIM declined 17bps in Q2 vs 23bps in Q1; entered $150M pay-fixed/receive-floating swap at 3.58%.
- Uninsured deposits $422.4M (29.7% of total); cumulative cycle deposit beta 19.8%.
- Tangible book value per share $18.11 (ex AOCI); dividend yield 3.24% with 86 consecutive quarters.
- Financial planning AUM $422M; residential mortgage production $107.2M in 1H23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932781/000155278123000374/0001552781-23-000374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932781/000155278123000374/e23385_fcco-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-23-000374

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