First Community Bank, National Association in Lexington, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Community Bank, National Association in Lexington, South Carolina (SC)
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First Community Bank, National Association - Overview

  • General
  • FDIC Certificate #: 34047
    Status: Active
    Federal Reserve ID: 2328137
    Bank Holding Company (Regulatory Top Holder): First Community Corporation (RSSDID: 2337401, Location: Lexington, SC)
    Date Established: August 17, 1995
    WWW: http://www.firstcommunitysc.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 56126
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 17, 1995
    Last Structure Change Effective Date: June 09, 2006
    Last Structure Change Process Date: July 18, 2006
    Last Data Update: July 18, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 5455 Sunset Boulevard, Lexington, SC 29072
    County: Lexington
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Columbia Sc
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Columbia, SC (#1760)
    Combined Statistical Area (CSA): Columbia-Newberry, SC (#192)
    Core Based Statistical Area (CBSA): Columbia, SC (#17900)
    CBSA Metro Statistical Area: Columbia, SC (#17900)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $593.9 mil
    Equity capital: $61.7 mil
    Deposits held in domestic offices: $469.0 mil
    Return on assets (ROA): 0.63% ($3.7 mil)
    Quarterly return on assets: 0.81% ($4.8 mil)
    Return on Equity (ROE): 6.55% ($4.1 mil)
    Quarterly return on equity: 8.01% ($5.0 mil)
    Net income: $3.8 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 0.91% ($5,404.4 mil)
    Quarterly Pretax return on assets: 1.19% ($7,067.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 157Total employees (full-time equivalent)
  • $593,890Total assets
  • $16,111Cash and due from depository institutions
  • $5,510Interest-bearing balances
  • $201,020Securities
  • $253Federal funds sold & reverse repurchase agreements
  • $323,337Net loans & leases
  • $4,699Loan loss allowance
  • $0Trading account assets
  • $17,483Bank premises and fixed assets
  • $7,351Other real estate owned
  • $742Goodwill and other intangibles
  • $593,890Life insurance assets
  • $27,593All other assets
  • $532,177Total liabilities and capital
  • $469,024Total liabilities
  • $381,116Total deposits
  • $469,024Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 12844.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $43,862Trading liabilities
  • $0Other borrowed funds
  • $6,447Subordinated debt
  • $61,713All other liabilities
  • $61,713Total equity capital
  • $61,713Total bank equity capital
  • $0Perpetual preferred stock
  • $34,206Common stock
  • $36,793Surplus
  • $-9,286Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,725Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,427Income earned, not collected on loans
  • $0Earning assets
  • $1,914Long-term assets (5+ years)
  • $530,120Average Assets, year-to-date
  • $159,917Average Assets, quarterly
  • $602,162Volatile liabilities
  • $600,460Insider loans
  • $366,175FHLB advances
  • $597,456Loans and leases held for sale
  • $10,974Unused loan commitments
  • $9,102Tier 1 (core) risk-based capital
  • $55,377Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,872Total unused commitments
  • $41,672Restructured Loans and leases
  • $11,284Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,504Total interest income
  • $6,763Total interest expense
  • $18,741Net interest income
  • $1,420Provision for loan and lease losses
  • $5,948Total noninterest income
  • $0Fiduciary activities
  • $1,828Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,120Additional noninterest income
  • $18,090Total noninterest expense
  • $9,495Salaries and employee benefits
  • $2,436Premises and equipment expense
  • $6,159Additional noninterest expense
  • $5,179Pre-tax net operating income
  • $278Securities gains (losses)
  • $1,675Applicable income taxes
  • $3,782Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,782Net income attributable to bank
  • $0Net charge-offs
  • $3,782Cash dividends
  • $1,632Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.49%Net interest margin
  • 1.11%Noninterest income to earning assets
  • 3.37%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 6.55%Return on equity (ROE)
  • 6.55%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 87.01%Credit loss provision to net charge-offs
  • 4.04%Efficiency ratio
  • 71,177Assets per employee
  • 3.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 86.59%Noncurrent assets plus other real estate owned to assets
  • 2.15%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 68.94%Net loans and leases to core deposits
  • 72.26%Equity capital to assets
  • 10.39%Core capital (leverage) ratio
  • 9.27%Tier 1 risk-based capital ratio
  • 15.12%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $602,162Average earning assets
  • $57,777Average equity
  • $536,879Average loans

List of branches

  • 11 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056126First Community Bank, National Association5455 Sunset Boulevard, Lexington, SC 29072August 17, 1995Full Service Brick and Mortar
    1290326Forest Achres Branch4404 Forest Drive, Columbia, SC 29206September 14, 1995Full Service Brick and Mortar
    2290327Irmo Branch1030 Lake Murray Boulevard, Irmo, SC 29063March 29, 1999Full Service Brick and Mortar
    3290328Cayce/West Columbia Branch506 Meeting Street, West Columbia, SC 29169November 15, 1999Full Service Brick and Mortar
    4357060Gilbert Branch4325 Augusta Hwy, Gilbert, SC 29054March 27, 2000Full Service Brick and Mortar
    5275488Chapin Branch127 Amicks Ferry Road, Chapin, SC 29036June 30, 1987Full Service Brick and Mortar
    6428043Northeast Branch9822 Two Notch Road, Columbia, SC 29223April 15, 2004Full Service Brick and Mortar
    742388Newberry Federal Savings Bank Branch1735 Wilson Road, Newberry, SC 29108November 11, 1935Full Service Brick and Mortar
    9275489101 N Wheeler Street Branch101 N Wheeler Street, Prosperity, SC 29127June 30, 1989Full Service Brick and Mortar
    10437133Red Bank Branch1449 Two Notch Road, Lexington, SC 29073Febuary 03, 2005Full Service Brick and Mortar
    1181675The Bank Of Camden Branch631 W. Dekalb Street, Camden, SC 29020Febuary 20, 2001Full Service Brick and Mortar

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