---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000411"
form_type: "8-K"
ticker: "FCCO"
cik: "0000932781"
company_name: "FIRST COMMUNITY CORP /SC/"
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:54:03.637155+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First Community reports Q2 loan growth 11.1% annualized; NIM improves to 2.96% in June

## Summary
- Loan portfolio grew $31.9M in Q2 (11.1% annualized); LTM growth 15.2%.
- Net interest margin (non-FTE) rose from 2.77% in Feb to 2.96% in June; $17.7M brokered CD called in April.
- Non-interest expense $11.8M in Q2; closed Augusta branch effective June 27, saving $327K annually.
- Dividend increased to $0.15/share (payable 8/13/24); $7.1M share repurchase plan in place.
- Total deposits $1.66B, 29% non-interest bearing; uninsured deposits 28.7% of total.

## SEC filing metadata
- accession: 0001552781-24-000411
- form_type: 8-K
- ticker: FCCO
- cik: 0000932781
- company_name: FIRST COMMUNITY CORP /SC/
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932781/000155278124000411/0001552781-24-000411-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932781/000155278124000411/e24318_fcco-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000411
- JSON: https://secwatch.observer/filing/0001552781-24-000411.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000411.txt

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