---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-23-000409"
form_type: "8-K"
ticker: "FCCO"
cik: "0000932781"
company_name: "FIRST COMMUNITY CORP /SC/"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T22:18:39.521891+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Community Corp Q3 net income $1.76M, down 56% QoQ; EPS $0.23; loan growth 22.9% annualized

## Summary
- Net income fell to $1.756M ($0.23 diluted EPS) from $3.327M ($0.43) in Q2 2023 and $3.951M ($0.52) in Q3 2022.
- Total loans increased $59.5M (22.9% annualized) and total deposits rose $71.3M (19.9% annualized) during Q3.
- Sold $39.9M of U.S. Treasuries at a pre-tax loss of $1.2M to improve balance sheet efficiency and fund loan growth.
- Board declared $0.14/share cash dividend payable Nov 14 to holders of record Oct 31; 87th consecutive quarterly dividend.
- Fraud losses spiked $230K due to mail check fraud; bank deployed countermeasures and case volumes are abating.

## SEC filing metadata
- accession: 0001552781-23-000409
- form_type: 8-K
- ticker: FCCO
- cik: 0000932781
- company_name: FIRST COMMUNITY CORP /SC/
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932781/000155278123000409/0001552781-23-000409-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932781/000155278123000409/e23416_fcco-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-23-000409
- JSON: https://secwatch.observer/filing/0001552781-23-000409.json
- Plain text: https://secwatch.observer/filing/0001552781-23-000409.txt

## Key facts
- Earnings Releases
  FIRST COMMUNITY CORP /SC/ reported the third quarter of 2023 results: net income $1.756 million, EPS $0.23 per common share.
  - Period: the third quarter of 2023
  - Net income: $1.756 million
  - EPS: $0.23 per common share
  - Result: reported results
  source text: Diluted earnings per common share were $0.23 for the third quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/932781/000155278123000409/0001552781-23-000409-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.