secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY CORP /SC/ (FCCO)
CIK:        0000932781
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001552781-24-000335
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932781/000155278124000335/0001552781-24-000335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932781/000155278124000335/e24251_fcco-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000335

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