First Community Corporation FCCO Provision (benefit) for other credit losses

Provision (benefit) for other credit losses at other companies

XTI Aerospace, Inc.XTIA

$509.75K—

Cato CorporationCATO

$163.5K-23.6%

Peoples Bancorp of North CarolinaPEBK

$560K+109%

First Community CorporationFCCO

$193K-55.8%

Magyar BancorpMGYR

$172K+146%

Chain Bridge BancorpCBNA

-$15K+44.4%

FAQ

What is First Community Corporation's provision (benefit) for other credit losses?

First Community Corporation (FCCO) reported provision (benefit) for other credit losses of $193K in Q1 2026.

How has First Community Corporation's provision (benefit) for other credit losses changed year-over-year?

First Community Corporation's provision (benefit) for other credit losses decreased by 55.8% year-over-year, from $437K to $193K.

What is the long-term trend for First Community Corporation's provision (benefit) for other credit losses?

Over 3 years (2021 to 2025), First Community Corporation's provision (benefit) for other credit losses has grown at a 32.0% compound annual growth rate (CAGR), from $335K to $770K.

What does provision (benefit) for other credit losses mean?

This represents the expense set aside to cover potential losses from non-loan assets or off-balance sheet exposures, distinct from the primary loan loss provision. It reflects management's assessment of credit risk inherent in other financial instruments held by the institution. An increase in this provision typically signals a deterioration in the credit quality of the bank's broader asset portfolio.