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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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$2.89M+6.3%

Other financials

Income statement

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Revenue$23.2M+26.1%
Net income$5.5M+37.6%
EPS (diluted)$0.59+15.7%

Balance sheet

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Cash & equivalents$161.1M+7.5%
Total debt$2.6M-0.5%
Total equity$220.8M+47.3%
Total assets$2.4B+17.3%

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$302.99M+74.5%
P/E14.6×+3.3×
P/S3.6×+1.1×

Profitability

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Net margin24.7%+2.5pp
FCF margin11.1%

Returns & leverage

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Return on equity11.2%+0.3pp
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 official record: First Community Corporation’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.