secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY CORP /SC/ (FCCO)
CIK:        0000932781
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001552781-23-000417
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Community Corp (FCCO) reports 3Q23 core EPS $1.24 YTD; loan growth 22.9% annualized
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- 3Q23 annualized loan growth of 22.9% ($59.5M); YTD core EPS $1.24 vs $1.39 prior year.
- NIM contraction decelerated to 6 bps in 3Q; entered $150M notional interest rate swap.
- Total deposit cost rose to 1.28% (cumulative cycle beta 26.7%); uninsured deposits 28.8%.
- Non-interest expense +$518K linked quarter; elevated mail check fraud losses of $230K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932781/000155278123000417/0001552781-23-000417-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932781/000155278123000417/e23433_fcco-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-23-000417

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