secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY CORP /SC/ (FCCO)
CIK:        0000932781
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001552781-23-000409
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932781/000155278123000409/0001552781-23-000409-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932781/000155278123000409/e23416_fcco-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-23-000409

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