---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000335"
form_type: "8-K"
ticker: "FCCO"
cik: "0000932781"
company_name: "FIRST COMMUNITY CORP /SC/"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-02T00:05:19.238610+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

# FCCO authorizes $7.1M share repurchase; announces Augusta office closure

## Summary
- Board authorized up to $7.1M in common stock repurchases (5.3% of equity) on May 14, 2024.
- Banking office at 771 Broad St, Augusta to close June 27; annual savings ~$327,000.
- 1Q24 loan growth annualized 8.3%; total deposits $1.66B with cost of deposits 1.90%.
- NIM (non-FTE) flattened to 2.79% in March 2024; $150M interest rate swap added 15 bps.

## SEC filing metadata
- accession: 0001552781-24-000335
- form_type: 8-K
- ticker: FCCO
- cik: 0000932781
- company_name: FIRST COMMUNITY CORP /SC/
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: medium
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932781/000155278124000335/0001552781-24-000335-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932781/000155278124000335/e24251_fcco-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000335
- JSON: https://secwatch.observer/filing/0001552781-24-000335.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000335.txt

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