First community corp /sc/ (FCCO)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Loans, including fees

35,447

32,789

26,134

23,677

23,219

21,915

17,581

18,361

19,110

19,851

20,226

Investment securities - taxable

5,271

4,755

4,001

3,819

3,630

3,986

3,046

3,832

6,291

7,376

10,332

Investment securities - non taxable

1,365

1,767

1,858

1,905

1,681

1,291

1,090

725

51

190

326

Other short term investments

547

418

163

105

119

106

66

84

74

94

97

Total interest income

42,630

39,729

32,156

29,506

28,649

27,298

21,783

23,002

25,526

27,511

30,981

Interest expense:
Deposits

4,558

2,905

1,825

1,818

1,750

1,710

1,793

3,122

4,573

6,281

8,734

Securities sold under agreement to repurchase

386

293

73

42

-

-

-

-

-

-

-

Federal funds sold and securities sold under agreement to repurchase

-

-

-

-

37

37

37

35

40

60

98

Other borrowed money

837

783

864

1,187

1,609

1,821

1,904

2,271

2,596

3,033

4,272

Total interest expense

5,781

3,981

2,762

3,047

3,396

3,568

3,734

5,428

7,209

9,374

13,104

Net interest income

36,849

35,748

29,394

26,459

25,253

23,730

18,049

17,574

18,317

18,137

17,877

Provision for loan losses

139

346

530

774

1,138

880

528

496

1,420

1,878

3,103

Net interest income after provision for loan losses

36,710

35,402

28,864

25,685

24,115

22,850

17,521

17,078

16,897

16,259

14,774

Non-interest income:
Deposit service charges

1,649

1,769

1,486

1,405

-

-

-

-

-

-

-

Mortgage banking income

4,555

3,895

3,778

3,382

-

-

-

-

-

-

-

Deposit service charges

-

-

-

-

1,469

1,517

1,507

1,562

1,810

1,875

2,312

Mortgage banking income

-

-

-

-

3,432

3,186

3,767

4,242

1,973

1,034

753

Investment advisory fees and non-deposit commissions

2,021

1,683

1,291

1,135

1,287

1,268

972

651

767

501

495

Loss on sale of securities

136

-342

400

601

-

-

-

-

-

-

-

Gain on sale of other assets

-3

24

235

-

-

-

-

-

-

-

-

Write-down on premises held for sale

282

-

-

-

-

-

-

-

-

-

-

Gain (loss) on sale of securities

-

-

-

-

355

182

73

26

575

827

1,489

Gain on sale of other assets

-

-

-

-33

8

-11

-1

-89

-155

35

-73

Other-than-temporary-impairment write-down on securities

-

-

-

-

-

-

-

200

297

1,560

1,001

Fair value loss adjustments on interest rate swap

-

-

-

-

-

-

-

-58

-166

-581

-

Fair value adjustment gains (losses)

-

-

-

-

-

-

-

-

-

-

58

Loss on early extinguishment of debt

-

-

-447

-459

-199

-351

-142

-217

-188

-

-658

Other

3,660

3,615

2,896

2,909

2,614

2,422

2,015

2,038

1,966

1,713

1,657

Total non-interest income

11,736

10,644

9,639

8,940

8,966

8,213

8,191

7,955

6,285

3,844

5,032

Non-interest expense:
Salaries and employee benefits

21,261

19,515

16,951

15,323

14,428

13,743

12,013

11,152

9,520

8,942

8,262

Occupancy

2,696

2,380

2,166

2,167

2,076

1,882

1,384

1,358

1,289

1,229

1,198

Equipment

1,493

1,513

1,771

1,728

1,649

1,505

1,206

1,168

1,147

1,162

1,249

Marketing and public relations

1,114

919

901

865

848

738

541

478

452

402

343

FDIC insurance assessments

57

375

312

412

527

521

417

597

889

1,003

1,105

Other real estate expense

81

98

3

201

524

553

508

1,010

840

823

201

Amortization of intangibles

523

563

343

318

387

280

160

204

517

621

621

Merger expenses

-

-

945

-

0

503

539

0

0

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

27,761

Other

7,392

6,760

5,966

4,762

4,239

4,235

3,654

3,478

3,747

3,502

3,601

Total non-interest expense

34,617

32,123

29,358

25,776

24,678

23,960

20,422

19,445

18,401

17,684

44,341

Net income before tax

13,829

13,923

9,145

8,849

8,403

7,103

5,290

5,588

4,781

2,419

-24,535

Income tax expense

2,858

2,694

3,330

2,167

2,276

1,982

1,153

1,620

1,457

565

696

Net income

10,971

11,229

5,815

6,682

6,127

5,121

4,137

3,968

3,324

1,854

-25,231

Preferred stock dividends

-

-

-

-

-

-

-

676

670

664

656

Preferred stock redemption costs

-

-

-

-

-

-

-

-

0

-

-

Net income available to common shareholders

-

-

-

-

-

-

-

3,292

2,654

1,190

-25,887

Basic earnings per common share (in dollars per share)

1.46

1.48

0.85

1.01

0.93

0.78

0.78

0.79

0.81

0.36

-7.95

Diluted earnings per common share (in dollars per share)

1.45

1.45

0.83

0.98

0.91

0.78

0.78

0.79

0.81

0.36

-7.95