First community corp /sc/ (FCCO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

10,971

11,229

5,815

6,682

6,127

5,121

4,137

3,968

3,324

1,854

-25,231

Adjustments to reconcile net income to net cash provided in operating activities:
Depreciation

1,598

1,519

1,448

1,333

1,253

1,118

859

862

841

882

985

Net premium amortization

-2,210

-2,447

-3,270

-4,040

-4,214

-3,617

-4,050

-3,112

-1,968

-1,421

-57

Provision for loan losses

139

346

530

774

1,138

880

528

496

1,420

1,878

3,103

Write-downs of other real estate owned

-

-

39

-

-

-

-

-

-

-

-

Write-down of other real estate owned

-

-

39

76

219

161

87

317

261

333

-

Gain (loss) on sale of other assets

-3

24

235

-33

8

-11

-6

-89

-155

-3

-20

Originations of HFS loans

139,640

114,959

104,200

96,489

101,944

87,864

123,404

134,275

60,488

-

-

Sales of HFS loans

131,708

116,829

104,814

93,744

103,106

87,530

129,272

128,342

56,763

-

-

Amortization of intangibles

523

563

343

318

387

280

160

204

517

621

621

Gain (loss) on sale of securities

136

-342

400

601

-

-

-

-

-

-

-

Accretion on acquired loans

492

620

262

880

934

0

0

-

-

-

-

Other-than-temporary-impairment charges on securities

-

-

-

-

-

-

-

200

297

1,560

1,001

Net decrease in fair value option instruments and derivatives

-

-

-

-

-

-

-

-58

166

-

-

Net decrease in fair value option instruments and derivatives

-

-

-

-

-

-

-

-

-

-581

58

Writedown of land held for sale

282

-

-

25

120

0

110

170

0

-

-

Write-down of fixed assets

-

42

90

-

-

-

-

-

-

-

-

Loss (gain) on sale of securities

-

-

-

-

355

182

73

26

575

827

1,489

Goodwill Impairment

-

-

-

-

-

-

-

-

-

-

27,761

Loss on sale of securities

-

-

-447

-459

-199

-351

-142

-217

-188

-

-658

Gain on sale of fixed assets

-

-123

-

-

-

-

-

-

-

-

-

Increase in other assets

5,229

-441

-6,495

5,404

-936

-804

-301

-2,260

1,214

-1,016

1,730

Increase in accounts payable

3,054

2,097

157

1,025

50

179

87

38

496

336

-792

Net cash (used) provided from operating activities

4,991

20,177

18,351

5,135

14,508

-

-

-

-

-

-

Net cash provided in operating activities

-

-

-

-

-

12,007

16,264

6,032

6,547

9,658

4,906

Cash flows from investing activities:
Purchase of investment securities available-for-sale

44,398

44,299

25,368

33,215

26,099

49,007

12,884

55,791

54,714

85,456

35,159

Purchase of investment securities available-for-sale

113,064

64,146

30,626

66,359

63,217

106,064

94,908

103,245

103,040

140,374

60,478

Purchase of investment securities held-to-maturity

-

-

-

-

6,879

10,666

0

0

-

10

2,123

Purchase of other investment securities

-36

-

-

-

-

-

-

-

-

-

-

Maturity/call of investment securities available-for-sale

40,170

41,564

35,452

38,034

37,634

37,128

49,526

43,144

40,441

42,910

50,210

Proceeds from sale of securities available-for-sale

-

655

-

-

-

-

-

-

-

-

-

Proceeds from sale of other securities

-

604

250

486

1,250

671

257

3,221

1,289

-

-

(Increase) decrease in loans

18,219

71,266

39,944

57,456

45,460

-16,169

-

-

-

-

-

Net cash received in business combination

-

-

22,385

-

0

11,353

0

0

-

-

-

Purchase of loans

-

-

-

-

-

8,705

0

0

-

-

-

Maturity/call of investment securities held-to-maturity

-

-

-

-

-

-

-

-

-

8,874

13,552

Maturity of investment securities held-for-trading

-

-

-

-

-

-

-

-

-

-

736

Proceeds from sale of securities held-for-trading

-

-

-

-

-

-

-

-

-

-

1,802

Increase in loans

-

-

-

-

-

-

17,585

11,312

-241

4,778

17,761

Proceeds from sale of other real estate owned

47

796

684

1,781

514

1,822

1,684

5,728

3,020

3,208

1,187

Proceeds from sale of fixed assets

301

1,145

-

-

-

-

-

-

-

-

-

Proceeds from sale of land

-

-

-

-

-

-

-

-

10

-

-

Proceeds from sale of land

-

-

-

-

-

-

-

-

-

-

200

Purchase of property and equipment

2,793

1,465

3,072

1,237

2,672

3,215

3,306

806

308

242

472

Purchase of BOLI

-

-

-1,500

-

-5,250

0

0

-

-

-

-

Net cash (used) provided in investing activities

-49,196

-47,814

8,997

-51,536

-57,981

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-35,206

-51,448

-7,479

-3,633

4,600

22,012

Cash flows from financing activities:
Decrease in deposit accounts

62,716

37,290

-4,868

50,403

46,652

18,219

22,094

10,392

9,242

5,710

25,589

Increase in securities sold under agreements to repurchase

5,274

8,752

-1,106

-1,506

3,650

-1,251

2,734

2,284

929

-7,990

-7,475

Advances from the Federal Home Loan Bank

82,000

79,000

26,000

73,593

32,500

38,100

25,500

1,500

7,500

-

4,000

Repayment of advances from Federal Home Loan Bank

82,020

93,019

36,273

74,865

36,848

61,674

18,660

9,235

31,921

5,232

39,389

Shares issued-deferred compensation

265

19

-

-

-

-

-

-

-

-

-

Purchase of deposits

-

-

-

-

-

-39,482

0

0

-

-

-

Repayment of long term debt

-

-

-

-

370

0

0

-

-

-

-

Restricted stock shares surrendered

-159

-57

-408

-353

-98

0

0

-

-

-

-

Repurchase of common stock

5,636

-

-

-

-

-

-

-

-

-

-

Dividends paid on Common Stock

3,306

3,033

2,473

2,117

1,833

1,484

1,145

605

525

522

777

Issuance of common stock

-

-

-

14

-

-

-

-

-

-

-

Issuance of common stock

-

-

-

-

0

0

-

-

-

-

-

Decrease in other borrowings

-

-

-

-

-

-

-

-

120

44

-12

Proceeds from issuance of subordinated note payable

-

-

-

-

-

-

-

-

2,500

-

-

Repayment of subordinated note payable

-

-

-

-

-

-

-

2,500

-

-

-

Proceeds from issuance of Common Stock

-

-

-

-

-

-

-

13,792

-

-

-

Redemption of Preferred Stock

-

-

-

-

-

-

-

11,073

-

-

-

Repurchase of stock warrants

-

-

-

-

-

-

-

510

-

-

-

Dividend reinvestment plan

570

362

372

290

229

173

119

93

182

101

166

Preferred Stock

-

-

-

-

-

-

-

475

670

664

567

Net cash provided from financing activities

-

-

-

-

-

31,565

30,642

3,663

-12,883

-8,641

-18,441

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

8,366

-4,542

2,216

-9,969

5,617

8,477

Net cash provided (used) from financing activities

59,629

29,314

-18,756

45,459

43,882

-

-

-

-

-

-

Net increase in cash and cash equivalents

15,424

1,677

8,592

-942

409

-

-

-

-

-

-

Supplemental disclosure:
Cash paid during the period for:
Interest

5,471

3,592

2,796

3,097

3,468

-

-

-

-

-

-

Interest

-

-

-

-

-

3,537

4,069

6,023

7,706

9,413

14,205

Income taxes

2,410

2,215

1,895

1,345

2,220

1,100

210

0

0

-

350

Non-cash investing and financing activities:
Unrealized (loss) gain on securities available-for-sale, net of tax

4,824

-1,890

942

-2,067

-441

3,798

-4,885

1,029

3,570

-588

1,090

Recognition of operating lease right of use asset

3,260

-

-

-

-

-

-

-

-

-

-

Recognition of operating lease liability

3,291

-

-

-

-

-

-

-

-

-

-

Transfer of investment securities held-to-maturity to available-for-sale

16,144

-

-

-

-

-

-

-

-

-

-

Transfer of loans to foreclosed property

-

346

1,275

-

-

-

-

-

-

-

-

Transfer of loans to foreclosed property

-

-

-

579

240

1,567

1,160

2,770

3,889

7,278

3,635

Transfer of HTM securities to AFS securities

-

-

-

-

-

-

-

-

-

46,244

-