secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY CORP /SC/ (FCCO)
CIK:        0000932781
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0001552781-24-000505
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932781/000155278124000505/0001552781-24-000505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932781/000155278124000505/e24375_fcco-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000505

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer