FCCO investor materials show deposit growth to $1.66B, dividend hike to $0.15

FIRST COMMUNITY CORP /SC/

Total deposits $1.66B at 6/30/24, up from $1.57B at 12/31/23; deposit cost 1.98%.
Q2 2024 dividend increased to $0.15/share (payable 8/13/24); $7.1M share repurchase authorization.
Quarterly total revenue (adj.) ~$15.3M; core net income 1H23 comparison: $6.7M, core EPS $0.88.
Only four office loans >50K sq ft; $10.6M outstanding with 34% weighted avg LTV.
Used deposit growth & excess investments to fund loans and reduce wholesale funding in Q2.

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