First Community Corp (South Carolina) (OQ:FCCO)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 5455 Sunset Blvd
Tel: N/A
IR: See website
Key People
Mitchell M. Willoughby
Independent Chairman of the Board
Michael C. Crapps
President, Chief Executive Officer, Director
J. Thomas Johnson
Independent Vice Chairman of the Board
Donald Shawn Jordan
Chief Financial Officer, Executive Vice President
J. Ted Nissen
Executive Vice President, Chief commercial and Retail banking
John Walker
Chief Credit Officer
Business Overview
First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas. The Bank offers a range of traditional banking products and services for professionals and small-to medium-sized businesses, including consumer and commercial, mortgage, brokerage and investment, and insurance services. The Bank also offers online banking to its customers. Its other services include Internet banking, cash management services, safe deposit boxes, traveler checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts. The Bank offers non-deposit investment products and other investment brokerage services through a registered representative with an affiliation through LPL Financial.
Financial Overview
For the fiscal year ended 31 December 2019, First Community Corp (South Carolina) interest income increased 7% to $42.6M. Net interest income after loan loss provision increased 4% to $36.7M. Net income decreased 2% to $11M. Net interest income after loan loss provision reflects Corporate segment increase from $3M to $6.3M, Commercial and Retail Banking segment increase of 3% to $36.4M.
Employees: 242 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $141.21M as of Dec 31, 2019
Annual revenue (TTM): $42.63M as of Dec 31, 2019
EBITDA (TTM): $16.79M as of Dec 31, 2019
Net annual income (TTM): $10.97M as of Dec 31, 2019
Free cash flow (TTM): -$1.11M as of Dec 31, 2019
Net Debt Last Fiscal Year: $33.31M as of Dec 31, 2019
Shares outstanding: 7,462,247 as of Mar 13, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization