First Community Corporation is the holding company for First Community Bank, a community bank based in South Carolina. The bank operates 21 full-service offices across four markets: the Midlands (centered on Columbia, SC), the Upstate (Greenville area), the CSRA (Aiken County, SC and Augusta, GA), and Piedmont (York County, SC). The Midlands is the core market, accounting for the large majority of deposits. First Community serves small-to-medium-sized businesses, professionals, and individuals, offering standard commercial banking products — deposit accounts, commercial loans, consumer loans, and residential mortgages — as well as investment brokerage services through LPL Financial and mortgage banking. First Community earns money the way most community banks do: by earning more on loans and securities than it pays on deposits, with profitability driven by loan and deposit volumes, the interest rate environment, credit quality, and fee income from mortgage banking and brokerage. The bank has grown through a mix of acquisitions and organic expansion, with key deals adding the CSRA and Upstate markets. First Community continues to evaluate M&A opportunities. As of year-end 2025, the bank had roughly $2.1B in assets, $1.3B in loans, and $1.7B in deposits.
Read full business overview →Mid to long-term bullish thesis
View →Mid to long-term bearish thesis
View →Mid to long-term bull-bear debate
View → NEWSummary and scoring of the bull-bear debate
View →Find ideas with similar bull or bear theses
View →Investor-relevant company attributes
View →Key risks to the business
View →Comparisons of annual risk disclosures
View →