Welcome to our dedicated page for First Community SEC filings (Ticker: FCCO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
First Community Corporation (NASDAQ: FCCO) files a range of documents with the U.S. Securities and Exchange Commission that provide detailed information about its operations as the holding company for First Community Bank. These SEC filings include annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, along with registration statements and proxy materials related to corporate actions.
Through its periodic reports, First Community discloses information on financial condition and results of operations, including net interest income, non-interest income, loan and deposit balances, asset quality metrics, regulatory capital ratios, and liquidity sources. These filings also describe the company’s commercial banking, residential mortgage lending, and financial planning and investment advisory activities, as well as risk factors and management’s discussion and analysis.
Current reports on Form 8-K for FCCO highlight material events such as quarterly and annual earnings announcements, dividend declarations, share repurchase authorizations, investor presentations, and merger-related developments. For example, the company has filed 8-Ks describing its agreement and plan of merger with Signature Bank of Georgia, shareholder approvals for the transaction, and subsequent communications about the combined organization.
Filings also identify First Community Corporation’s common stock, with a par value of $1.00 per share, as registered under Section 12(b) of the Securities Exchange Act of 1934 and listed on The Nasdaq Capital Market under the symbol FCCO. Investors can review these documents to understand how the company manages interest rate risk, capital, and credit quality, and to see formal disclosures that accompany press releases and other public statements.
On this page, SEC filings for FCCO are presented with AI-powered summaries that explain the key points of lengthy reports such as Forms 10-K and 10-Q, as well as concise highlights from 8-K current reports. Users can quickly locate quarterly and annual reports, merger-related registration statements and proxy materials, and other regulatory disclosures, and use the AI-generated overviews to focus on the sections most relevant to their analysis.
First Community Corporation and Signature Bank of Georgia have entered into a definitive merger agreement dated July 13, 2025. Under the agreement, Signature Bank will merge into First Community Bank with First Community Bank as the surviving bank and Signature Bank common shares converting into the right to receive 0.6410 shares of First Community common stock per Signature share, with fractional shares cashed out based on a 10-day volume-weighted average price prior to closing.
The merger is subject to regulatory approvals, satisfaction of closing conditions and required shareholder votes (First Community requires 66 2/3% approval; Signature Bank requires a majority). The closing will occur no earlier than January 8, 2026. Boards of both companies recommend voting FOR the merger. The agreement includes cash-out of Signature stock options, estimated change-in-control payments and specified employment agreements and retention bonuses for certain Signature executives. A $1.6 million termination fee is provided under certain circumstances.
Fourthstone and related entities report a disclosed, passive stake in First Community Corporation (FCCO). The filing shows 559,185 shares beneficially owned by Fourthstone LLC and related reporting persons, representing 7.28% of the class based on 7,681,601 shares outstanding per the issuer's disclosure. The holding is recorded as shared voting and dispositive power; sole voting and sole dispositive power are reported as 0.
The Schedule 13G indicates the stake is held in the ordinary course by an investment adviser and related funds and is not intended to influence control of the company. Ownership is recorded across multiple Fourthstone vehicles and an individual reporting person, with detailed allocations provided in the filing.
First Community Corporation (FCCO) reported stronger results for the quarter ended June 30, 2025 with consolidated assets of $2,046,265 thousand, up from $1,958,021 thousand at year-end 2024. Net interest income rose to $15,324 thousand for the quarter as loan interest income and short-term investment yields increased. The company earned $5,186 thousand for the quarter and $9,183 thousand year-to-date, compared with $3,265 thousand and $5,862 thousand in the prior-year periods, producing basic EPS of $0.68 for the quarter and $1.20 for six months.
Loans held-for-investment totaled $1,260,055 thousand with an allowance for credit losses of $13,330 thousand and total deposits of $1,754,041 thousand. The firm recorded net unrealized losses in its securities portfolios but recognized $3,010 thousand of unrealized gains on available-for-sale securities year-to-date, reducing accumulated other comprehensive loss to $(21,863) thousand. The company uses interest rate swaps as fair value hedges; swap notional totaled $169.8 million with a positive fair value of $280 thousand at June 30, 2025. Subsequent to the balance sheet date, FCCO announced a July 13, 2025 merger agreement to acquire Signature Bank of Georgia, a transaction that would create a pro forma company with approximately $2.3 billion in assets, $1.5 billion in loans, and $2.0 billion in deposits.
First Community Corporation (FCCO) disclosed a definitive Agreement and Plan of Merger, dated 13 July 2025, to acquire Signature Bank of Georgia through a bank-level merger. Signature Bank will merge into First Community Bank, FCCO’s wholly owned subsidiary, with First Community Bank surviving.
Consideration structure: each Signature Bank common share will convert into 0.6410 FCCO common shares; fractional shares will be paid in cash. All outstanding Signature Bank stock options will be cashed out for the in-the-money value (or $0.01 per share if out-of-the-money), net of withholding taxes.
Key deal terms and protections:
- The transaction requires approvals from FCCO and Signature Bank shareholders, state and federal banking regulators, and other customary conditions.
- Boards of FCCO, First Community Bank and Signature Bank unanimously approved the Agreement.
- Termination fee: if the Agreement is terminated under specified circumstances, Signature Bank must pay FCCO $1.6 million.
- Dissenters’ rights: FCCO may walk away if >10% of Signature shares give notice of intent to dissent.
- Support Agreements: directors and executive officers of Signature Bank (holding ~44.81 % of outstanding shares) agreed to vote in favor of the merger and not transfer their shares.
Governance & people: Two Signature directors will join the boards of FCCO and First Community Bank at closing. Selected Signature executives have signed employment agreements effective at closing, and a retention bonus plan will be implemented for critical employees. Non-competition agreements will be executed with all Signature directors except its CEO.
Exhibits: the full Merger Agreement (Exh. 2.1), an investor presentation (Exh. 99.1) and a press release (Exh. 99.2) accompany the Form 8-K. FCCO will later file an S-4 registration statement containing a joint proxy statement/prospectus to solicit shareholder approvals.
Next steps: preparation and mailing of the joint proxy statement/prospectus, receipt of shareholder and regulatory approvals, and completion of integration planning.
Form 4 filing (FCCO): Director Leland E. Reynolds elected to defer board compensation, receiving 226 deferred stock units on 06/30/2025 at a reference price of $24.32 per share under First Community Corporation’s Amended & Restated Non-Employee Director Deferred Compensation Plan. His total beneficial ownership rises to 29,965 shares, which includes 942 deferred units (with 4 units credited as dividend equivalents during Q2-2025). No derivative securities or sales were reported. The transaction is classified as an “A” (acquisition), executed directly, and reflects routine compensation deferral rather than an open-market purchase.