First Community Corporation reported earnings results for the fourth quarter of 2009 and for year to date 2009. Net income available to common shareholders for the fourth quarter was $705,000, as compared to a loss of $559,000 in the fourth quarter of 2008. Diluted earnings per common share were $0.22 in the fourth quarter, as compared to a loss of $0.17 per share in the fourth quarter of 2008. Net interest income increased by $283,000 (6.3%) on a linked quarter basis, driven primarily by continued asset and liability mix improvement. The net interest margin improved for the third consecutive quarter with the fourth quarter taxable equivalent net interest margin of 3.27% compared to 3.11% in the third quarter. Non-interest income improved to $1,322,000 in the fourth quarter from $1,160,000 on a linked quarter basis. Excluding gain (loss) on the sale of securities and the loss on early extinguishment of debt, non-interest income showed even more significant improvement, increasing by 31.8% from $869,000 in the third quarter of 2009 to $1,145,000 in the fourth quarter. For the year ended December 31, 2009, operating earnings available to the common shareholder was $1.9 million as compared to a loss in the year ended December 31, 2008 of $6.9 million. The company reported results for the year of 2009 also included the previously announced non-cash goodwill impairment charge of $27.8 million, which results in a reported loss of $25.9 million or $7.95 per common share for the year. The above referenced goodwill impairment charge, taken in the third quarter of 2009, represented the complete write-off of the company's goodwill intangibles. As previously disclosed, given the non-cash nature of a goodwill charge, this non-interest expense item had no adverse impact upon the Company's capital, liquidity position, operating performance or the Company's prospects for future earnings. The corporation also announced that the Board of Directors has approved a cash dividend for the fourth quarter of 2009. The company will pay a $0.04 per share dividend to holders of the company's common stock. This dividend is payable February 16, 2010 to shareholders of record as of February 1, 2010.

On December 8, 2009, Mr. Hinton G. Davis, a Director of First Community Corporation and the Bank, resigned from his position as Director due to personal reasons. The resignation was effective upon receipt by the company.

First Community Corporation reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported operating income available to common shareholders for the third quarter was $511,000, as compared to $249,000 in the second quarter of 2009. Operating diluted earnings per share available to common shareholders were $0.16 in the third quarter, as compared to $0.08 in the second quarter. The company reported net income available to common shareholders was $408,000 or $0.13 per basic and diluted share on interest income of $7,919,000 compared to net income available to common shareholders was $1,123,000 or $0.35 per basic and diluted share on interest income of $7,854,000 for the same period a year ago. Income before income taxes was $883,000 compared to $1,607,000 for the same period a year ago. For the nine months ended September 30, 2009, the company reported net loss available to common shareholders was $26,592,000 or $8.17 per basic and diluted share on interest income of $23,295,000 compared to net loss available to common shareholders was $6,305,000 or $1.97 per basic and diluted share on interest income of $24,764,000 for the same period a year ago. Operating income available to common shareholders for the nine months ended September 30, 2009 was $1.17 million or $0.36 per diluted share compared to operating loss available to common shareholders of $6.31 million or $1.97 per diluted share for the same period a year ago. Loss before income taxes was $25,607,000 compared to $9,428,000 for the same period a year ago. For the third quarter, the company reported impairment write-down on securities was $657,000. The company also announced that the Board of Directors has approved a cash dividend for the third quarter of 2009. The company will pay a $0.04 per share dividend to holders of the company's common stock. This dividend is payable November 16, 2009 to shareholders of record as of November 2, 2009.

First Community Corporation Announces Fourth Quarter and Year End Results and Cash Dividend

FIRST COMMUNITY CORP /SC/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and

First Community Corporation Announces Fourth Quarter and Year End Results and Cash Dividend

FIRST COMMUNITY CORP /SC/ Files SEC form 8-K, Change in Directors or Principal Officers

FIRST COMMUNITY CORP /SC/ Files SEC form 8-K/A, Results of Operations and Financial Condition

FIRST COMMUNITY CORP /SC/ Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial

First Community Corporation Announces Third Quarter Results and Cash Dividend

FIRST COMMUNITY CORP /SC/ Files SEC form 10-Q, Quarterly Report

FIRST COMMUNITY CORP /SC/ Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial

FIRST COMMUNITY CORP /SC/ Files SEC form 10-Q, Quarterly Report

FIRST COMMUNITY CORP /SC/ Files SEC form 10-Q, Quarterly Report