First Community Corporation FCCO Government Guaranteed Collateral1 — Goodwill
Other segment segments
Similar metrics at other companies
Other financials
Where this comes from
Reported directly by First Community Corporation in its filing.
Tagged under the XBRL concept us-gaap:Goodwill.
The source filing: First Community Corporation’s 10-Q, filed May 15, 2026.
- Filed
- May 15, 2026, 4:10 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001552781-26-000341
The goodwill arising from the acquisition reflects the Company’s increased market share and related synergies expected to result from combining the operations of First Community Bank and SGBG. In accordance with ASC 350, Intangibles-Goodwill and Other, goodwill will not be amortized, but will be tested for impairment at least annually. Of the $14.8 million in goodwill arising from the acquisition, $5.8 million was assigned to the Government Guaranteed Lending segment and $9.0 million was assigned to the Commercial and Retail Banking segment. The fair value of the acquired identifiable intangible assets was $2.6 million, consisting primarily of a core deposit intangible.
Document
FAQ
- What is First Community Corporation's government guaranteed collateral1 — goodwill?
- First Community Corporation (FCCO) reported government guaranteed collateral1 — goodwill of $5.8B in Q1 2026.
- What does government guaranteed collateral1 — goodwill mean?
- This represents the intangible asset value recorded when the Government Guaranteed Collateral segment was acquired for a price exceeding the fair market value of its net identifiable assets. It reflects the premium paid for brand reputation, customer relationships, and synergies specific to this business unit. Monitoring this balance is essential for assessing potential impairment risks related to the segment's long-term performance.
Ask your AI about First Community Corporation's government guaranteed collateral1 — goodwill.
Connect your AI assistant and compare segments, right in your chat.
