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First Community Corporation FCCO Mortgage Banking1 — Provision For Other Credit Losses

Other segment segments

Commercial And Retail Banking
$196K-57.6%

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Other financials

Income statement

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Revenue$25.1M+28.7%
Net income$7.6M+46.5%
EPS (diluted)$0.80+19.4%

Balance sheet

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Cash & equivalents$161.1M+7.5%
Total debt$2.6M-0.5%
Total equity$228.0M+46.6%
Total assets$2.4B+15.9%

Cash flow

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Operating cash flow-$2.4M-137%
CapEx$96.0K-52.0%
Free cash flow-$2.5M-140%

Valuation

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Market cap$317.8M+64.3%
P/E13.8×+2.6×
P/S3.6×+0.9×

Profitability

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Net margin25.9%+2.0pp
FCF margin11.1%

Returns & leverage

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Return on equity12.1%+0.2pp
Debt / equity0.0×

Where this comes from

Reported directly by First Community Corporation in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForOtherCreditLosses.

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
(Dollars in thousands) / Three months ended March 31, 2026Commercial / and Retail / BankingMortgage / BankingInvestment / Advisory and / Non-DepositGovernment / Guaranteed / LendingCorporateEliminationsConsolidated
Dividend and Interest Income$24,609$2,410$1,012$2,128$(2,120)$28,039
Interest expense8,4417192652459,670
Net interest income$16,168$1,691$747$1,883$(2,120)$18,369
Provision for credit losses196(3)193
Noninterest income1,4386812,2714004,790
Salaries and employee benefits6,7348441,1994912249,492
Other noninterest expense6,6772201901003527,539
Total noninterest expense13,4111,0641,38959157617,031

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FAQ

What is First Community Corporation's mortgage banking1 — provision for other credit losses?
First Community Corporation (FCCO) reported mortgage banking1 — provision for other credit losses of -$3K in Q1 2026.
How has First Community Corporation's mortgage banking1 — provision for other credit losses changed year-over-year?
First Community Corporation's mortgage banking1 — provision for other credit losses increased by 88.0% year-over-year, from -$25K to -$3K.
What does mortgage banking1 — provision for other credit losses mean?
This metric represents the expense set aside by the mortgage banking segment to cover potential losses from credit exposures other than standard loans, such as off-balance sheet commitments or other financial assets. It reflects management's assessment of credit risk and the adequacy of reserves to absorb future losses. An increase in this provision typically signals deteriorating credit quality or a more conservative risk outlook.

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