FIRST COMMUNITY CORP /SC/ Business Summary

First Community Corp /SC/ (FCCO) operates as the bank holding company for First Community Bank, primarily generating revenue through net interest income from its loan and investment portfolios, supplemented by fee-based income from mortgage lending and investment advisory services. The company’s operations are organized into four primary segments: Commercial and Retail Banking, which serves as the core driver of interest and dividend income; Mortgage Banking; Investment Advisory and Non-Deposit; and Corporate. Following its January 2026 acquisition of Signature Bank of Georgia, the company has expanded its footprint beyond the Midlands, Upstate, and Piedmont regions of South Carolina into the high-growth Atlanta and Augusta, Georgia markets. FCCO competes directly with regional peers such as Colony Bankcorp (CBAN), First Bancorp (FNLC), and SB Financial Group (SBFG), positioning itself as a high-touch, relationship-oriented community bank with a focus on small-to-medium-sized businesses and professional firms. The leadership team is anchored by founding President and CEO Michael C. "Mike" Crapps, who has led the institution since its inception in 1994 and maintains a significant focus on strategic growth and investor relations. Key executive officers include J. Ted Nissen, a founding member of the executive leadership team who serves as President and CEO of First Community Bank, and D. Shawn Jordan, the Executive Vice President and Chief Financial Officer. The management team is further strengthened by Sarah T. Donley (COO/CRO) and Fred J. Deutsch, who joined as Executive Vice President following the Signature Bank merger. The Board of Directors is chaired by Chimin J. "Jimmy" Chao and includes notable regional figures such as Vice Chairman W. James Kitchens, Jr. and Jon W. Been, reflecting a board with deep roots in the company's expanded Southeastern market.