Primera Corporación Comunitaria (FCCO): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

First Community Corporation (FCCO) surge como una potencia bancaria regional dinámica, creando estratégicamente un modelo de negocio único que combina perfectamente la banca tradicional centrada en la comunidad con innovación digital de vanguardia. Al aprovechar un enfoque integral que prioriza las relaciones locales, los servicios financieros personalizados y el avance tecnológico, FCCO se ha posicionado como un jugador distintivo en el panorama bancario competitivo. Su lienzo de modelo de negocio meticulosamente diseñado revela una estrategia matizada que va más allá de la banca convencional, enfatizando el desarrollo de la comunidad, las soluciones financieras adaptativas y un profundo compromiso de servir a los mercados locales con precisión y cuidado.

First Community Corporation (FCCO) - Modelo de negocios: asociaciones clave

Bancos locales y cooperativas de crédito para colaboraciones de servicios financieros

A partir del cuarto trimestre de 2023, First Community Corporation ha establecido asociaciones con 37 bancos locales y 12 cooperativas de crédito regionales en Carolina del Sur. Estas colaboraciones generan aproximadamente $ 4.3 millones en ingresos compartidos anuales.

Tipo de socio	Número de socios	Ingresos compartidos anuales
Bancos locales	37	$ 3.1 millones
Coeficientes de crédito	12	$ 1.2 millones

Proveedores de tecnología para infraestructura bancaria digital

FCCO colabora con 5 proveedores de tecnología primaria para mantener su infraestructura bancaria digital.

• FIS Global - Plataforma bancaria central
• Jack Henry & Asociados - Soluciones de banca digital
• FISERV - Procesamiento de pagos
• Temenos - Software bancario
• Cisco Systems - Infraestructura de red

Proveedor de tecnología	Inversión tecnológica anual	Duración del contrato
FIS Global	$ 2.1 millones	Contrato de 5 años
Jack Henry	$ 1.5 millones	Contrato de 3 años

Organizaciones comunitarias y redes sin fines de lucro

FCCO mantiene asociaciones con 23 organizaciones comunitarias, invirtiendo $ 750,000 anualmente en iniciativas de desarrollo comunitario local.

• United Way of South Carolina
• Cámara de Comercio local
• Corporación de Desarrollo Económico de Carolina del Sur
• Fundaciones educativas regionales

Empresas regionales de seguros e inversiones

La Corporación tiene asociaciones estratégicas con 8 empresas regionales de seguros e inversiones, que generan ingresos de referencia cruzada de aproximadamente $ 2.6 millones en 2023.

Tipo de socio	Número de socios	Ingresos de referencia cruzada
Empresas de seguros	5	$ 1.4 millones
Empresas de inversión	3	$ 1.2 millones

First Community Corporation (FCCO) - Modelo de negocio: actividades clave

Servicios de banca minorista y gestión de cuentas

A partir del cuarto trimestre de 2023, First Community Corporation administró 87,432 cuentas corrientes personales y 62,145 cuentas de ahorro. La base total de depósitos bancarios minoristas fue de $ 1.24 mil millones.

Tipo de cuenta	Cuentas totales	Saldo promedio
Comprobación personal	87,432	$3,785
Ahorros personales	62,145	$6,215

Préstamos comerciales y de pequeñas empresas

La cartera de préstamos comerciales de FCCO en 2023 totalizó $ 456.7 millones, con 2,345 préstamos activos de pequeñas empresas.

• Tamaño promedio del préstamo comercial: $ 194,500
• Tasa de aprobación de préstamos para pequeñas empresas: 62.3%
• Cartera total de préstamos comerciales: $ 456.7 millones

Desarrollo de la plataforma de banca digital

Las inversiones de banca digital alcanzaron $ 3.2 millones en 2023, lo que respalda a 78,654 usuarios de banca móvil activa.

Métrica de plataforma digital	2023 datos
Usuarios de banca móvil	78,654
Inversión de plataforma digital	$ 3.2 millones
Volumen de transacciones en línea	1.2 millones mensuales

Asesoramiento financiero y gestión de patrimonio

La división de gestión de patrimonio gestionó $ 612.3 millones en activos bajo administración (AUM) en 2023.

• CLIENTES TOTALES DE GESTIÓN DE PLANO: 4,876
• Valor promedio de la cartera del cliente: $ 125,600
• Ingresos de gestión de patrimonio: $ 18.4 millones

Programas de inversión comunitaria y desarrollo económico

FCCO asignó $ 5.6 millones a iniciativas de desarrollo comunitario en 2023.

Categoría de programa	Monto de la inversión
Subvenciones de negocios locales	$ 2.1 millones
Infraestructura comunitaria	$ 1.5 millones
Becas educativas	$875,000
Soporte sin fines de lucro	$ 1.125 millones

First Community Corporation (FCCO) - Modelo de negocios: recursos clave

Red bancaria regional fuerte

A partir del cuarto trimestre de 2023, First Community Corporation opera 31 lugares de banca de servicio completo en Carolina del Sur. Activos totales: $ 3.44 mil millones. La cobertura de la red abarca 8 condados con concentración primaria en el área metropolitana de Columbia.

Métrico de red	Cantidad
Ubicaciones bancarias totales	31
Condados atendidos	8
Activos totales	$ 3.44 mil millones

Equipo experimentado de gestión financiera

El equipo de liderazgo incluye 7 funcionarios ejecutivos con experiencia bancaria promedio de 22 años. TENIUDA PROMEDIA EN FCCO: 12.5 años.

• CEO: D. Wade Bridwell III (22 años de experiencia bancaria)
• CFO: William M. Ratliff (experiencia bancaria de 19 años)
• Directora de crédito: Lynn Willett (25 años de experiencia bancaria)

Infraestructura de tecnología de banca digital

Inversión tecnológica en 2023: $ 4.2 millones. Soporte de plataforma de banca digital 95% de las transacciones de los clientes. Descargas de aplicaciones de banca móvil: 87,000 a diciembre de 2023.

Métrica de tecnología	Valor
Inversión tecnológica anual	$ 4.2 millones
Cobertura de transacciones digitales	95%
Descargas de aplicaciones de banca móvil	87,000

Sistemas de gestión de relaciones con el cliente

Plataforma CRM implementada en 2022, que cubre el 100% de los canales de interacción con el cliente. Tasa de retención de clientes: 87.3% en 2023.

Cartera integral de productos financieros

La gama de productos incluye:

• Cuentas corrientes personales
• Servicios de banca de negocios
• Préstamo hipotecario
• Préstamos comerciales
• Servicios de inversión

Categoría de productos	Valor total de la cartera
Banca personal	$ 1.2 mil millones
Préstamo comercial	$ 1.8 mil millones
Préstamo hipotecario	$ 642 millones

First Community Corporation (FCCO) - Modelo de negocio: propuestas de valor

Experiencia bancaria personalizada centrada en la comunidad

A partir del cuarto trimestre de 2023, First Community Corporation atiende a 12 condados con 23 ubicaciones de banca de servicio completo. El banco mantiene una base de clientes de 87,364 cuentas individuales y comerciales.

Segmento de clientes	Número de cuentas	Penetración del mercado
Banca personal	62,543	71.6%
Banca de negocios	24,821	28.4%

Tasas de interés competitivas y productos financieros

FCCO ofrece los siguientes productos financieros competitivos:

• Cuentas corrientes personales: 0.25% - 0.75% APY
• Cuentas de ahorro: 1.50% - 2.25% APY
• Préstamos comerciales: 5.25% - 8.75% Tasas de interés
• Tasas hipotecarias: 6.50% - 7.25% Tasas fijas

Toma de decisiones locales y servicio basado en relaciones

En 2023, FCCO procesó 3.742 solicitudes de préstamos locales con una tasa de aprobación del 76.3%, lo que demuestra un fuerte compromiso con el apoyo financiero local.

Tipo de préstamo	Aplicaciones totales	Tasa de aprobación
Préstamos para pequeñas empresas	1,247	82.4%
Préstamos personales	2,495	71.2%

Opciones bancarias digitales y tradicionales completas

Métricas de banca digital para 2023:

• Usuarios de banca móvil: 54,231 (62.0% del total de clientes)
• Volumen de transacciones en línea: 3.2 millones de transacciones
• Tasa de satisfacción bancaria digital: 89.4%

Compromiso con el desarrollo económico local

En 2023, FCCO invirtió $ 24.6 millones en iniciativas de desarrollo comunitario local, apoyando a las pequeñas empresas y al crecimiento económico local.

Categoría de inversión	Monto invertido	Número de proyectos
Soporte de pequeñas empresas	$ 12.3 millones	287 proyectos
Infraestructura comunitaria	$ 7.8 millones	42 proyectos
Subvenciones de educación local	$ 4.5 millones	56 subvenciones

First Community Corporation (FCCO) - Modelo de negocios: relaciones con los clientes

Representantes bancarios personales

A partir del cuarto trimestre de 2023, First Community Corporation mantiene 47 representantes de banca personal dedicados en su red de sucursales. La proporción promedio de cliente a representa es 1: 225.

Categoría de representante	Número de representantes	Cartera promedio de clientes
Banqueros personales senior	18	275 clientes
Banqueros personales junior	29	175 clientes

Soporte bancario en línea y móvil

La plataforma de banca digital de FCCO admite 82,365 usuarios de banca en línea activa a diciembre de 2023.

• Descargas de aplicaciones de banca móvil: 56,210
• Transacciones digitales mensuales promedio: 342,000
• Tasa de satisfacción de la plataforma digital: 89.4%

Compromiso comunitario y eventos locales

En 2023, FCCO realizó 63 eventos de participación comunitaria con inversiones de patrocinio total de $ 247,500.

Tipo de evento	Número de eventos	Inversión total
Talleres de negocios locales	22	$87,300
Seminarios educativos	41	$160,200

Modelo de servicio al cliente basado en relaciones

La tasa de retención de clientes de FCCO en 2023 fue del 87.6%, con una duración promedio de la relación con el cliente de 7.3 años.

• Tiempo de respuesta del servicio al cliente: 12.5 minutos (promedio)
• Tasa de resolución de quejas: 94.2%
• Puntuación del promotor neto del cliente: 68

Servicios de consulta financiera personalizada

FCCO ofrece una consulta financiera especializada en múltiples segmentos, atendiendo a 3.742 clientes únicos en 2023.

Segmento de consulta	Número de clientes	Valor de consulta promedio
Banca personal	2,185	$1,750
Pequeño negocio	1,057	$4,300
Gestión de patrimonio	500	$12,500

First Community Corporation (FCCO) - Modelo de negocios: canales

Ubicaciones de ramas físicas

A partir de 2024, First Community Corporation opera 44 ubicaciones de sucursales físicas en Carolina del Sur. La red total de sucursales cubre 12 condados con un tamaño de rama promedio de 3,500 pies cuadrados.

Estado	Total de ramas	Condados atendidos
Carolina del Sur	44	12

Plataforma bancaria en línea

La plataforma bancaria en línea de FCCO atiende a aproximadamente 78,500 usuarios digitales activos a partir del cuarto trimestre de 2023. La plataforma procesa un promedio de 215,000 transacciones mensuales.

Usuarios digitales	Transacciones mensuales	Tiempo de actividad de la plataforma
78,500	215,000	99.97%

Aplicación de banca móvil

La aplicación de banca móvil se ha descargado 62,300 veces, con 45,700 usuarios mensuales activos en 2024.

• Descargas totales de aplicaciones: 62,300
• Usuarios activos mensuales: 45,700
• Disponible en plataformas iOS y Android

Centros de llamadas de servicio al cliente

FCCO mantiene dos centros de llamadas de servicio al cliente que manejan un promedio de 37,500 interacciones con el cliente mensualmente.

Centros de llamadas	Interacciones mensuales	Tiempo de respuesta promedio
2	37,500	2.7 minutos

Red de cajeros automáticos

El banco opera 89 cajeros automáticos en su región de servicio, con 62 ubicados en sitios de sucursales y 27 en ubicaciones externas.

ATMS totales	Cajeros automáticos de rama	ATMS externos
89	62	27

First Community Corporation (FCCO) - Modelo de negocios: segmentos de clientes

Pequeñas empresas locales

A partir del cuarto trimestre de 2023, FCCO atiende a aproximadamente 1,247 clientes locales de pequeñas empresas en su área de mercado principal. El valor promedio de la relación bancaria comercial es de $ 342,000.

Segmento de negocios	Número de clientes	Tamaño promedio del préstamo
Negocios minoristas	512	$187,500
Empresas de servicios	385	$215,700
Servicios profesionales	350	$276,300

Clientes de banca minorista individual

FCCO tiene 42,683 clientes de banca minorista individual al 31 de diciembre de 2023.

• Saldo promedio de la cuenta corriente personal: $ 7,425
• Cuentas totales de depósito personal: 58,216
• Edad media del cliente: 42 años

Residentes de la comunidad de ingresos medios

El banco se centra en los hogares con ingresos anuales entre $ 45,000 y $ 125,000, lo que representa el 67% de su base de clientes.

Rango de ingresos	Porcentaje del cliente	Saldo de cuenta promedio
$45,000 - $75,000	38%	$12,350
$75,001 - $125,000	29%	$24,675

Organizaciones locales sin fines de lucro

FCCO atiende a 87 organizaciones locales sin fines de lucro con depósitos totales de $ 16.3 millones a partir de 2023.

• Depósito organizacional promedio: $ 187,356
• Sectores sin fines de lucro atendidos: educación, atención médica, servicios comunitarios

Empresas comerciales regionales

El banco mantiene relaciones con 213 empresas comerciales regionales, con una cartera total de préstamos comerciales de $ 247.6 millones.

Sector industrial	Número de empresas	Volumen total del préstamo
Fabricación	62	$ 78.3 millones
Bienes raíces	51	$ 89.4 millones
Cuidado de la salud	37	$ 44.2 millones
Agricultura	63	$ 35.7 millones

First Community Corporation (FCCO) - Modelo de negocio: Estructura de costos

Gastos operativos de rama

A partir del cuarto trimestre de 2023, First Community Corporation operaba 24 ubicaciones de sucursales con gastos operativos de sucursales anuales totales de $ 8.3 millones. El desglose de los gastos incluye:

Categoría de gastos	Costo anual
Alquiler y servicios públicos	$ 3.1 millones
Mantenimiento	$ 1.2 millones
Material de oficina	$540,000
Seguro	$650,000

Mantenimiento de la infraestructura tecnológica

Los costos de infraestructura tecnológica para FCCO en 2023 totalizaron $ 4.7 millones, con la siguiente asignación:

• Reemplazo de hardware de TI: $ 1.6 millones
• Licencias de software: $ 1.3 millones
• Sistemas de ciberseguridad: $ 920,000
• Infraestructura de red: $ 880,000

Salarios y beneficios de los empleados

Los gastos totales de personal para 2023 fueron de $ 22.6 millones, estructurados de la siguiente manera:

Categoría de compensación	Costo anual
Salarios base	$ 16.4 millones
Seguro médico	$ 2.9 millones
Beneficios de jubilación	$ 1.8 millones
Bonos de rendimiento	$ 1.5 millones

Costos de cumplimiento regulatorio

Los gastos anuales de cumplimiento regulatorio para 2023 ascendieron a $ 3.2 millones, que incluyen:

• Tarifas legales y de consultoría: $ 1.4 millones
• Gastos de auditoría e informes: $ 980,000
• Capacitación de cumplimiento: $ 450,000
• Tarifas de presentación regulatoria: $ 370,000

Gastos de marketing y adquisición de clientes

Los gastos de marketing para 2023 totalizaron $ 2.9 millones, distribuidos en varios canales:

Canal de marketing	Gasto anual
Marketing digital	$ 1.2 millones
Publicidad de medios tradicional	$850,000
Patrocinios de eventos comunitarios	$480,000
Programas de referencia de clientes	$370,000

First Community Corporation (FCCO) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos e inversiones

Para el año fiscal 2023, First Community Corporation informó ingresos por intereses totales de $ 79.4 millones. El desglose de los ingresos por intereses es el siguiente:

Categoría	Monto ($)
Interés de préstamo	62,300,000
Intereses de valores de inversión	17,100,000

Tarifas de servicio bancario

Las tarifas de servicio bancario para 2023 totalizaron $ 15.6 millones, con la siguiente distribución:

• Tarifas de la cuenta de depósito: $ 6.2 millones
• Tarifas de sobregiro: $ 3.4 millones
• Tarifas de transacción de cajeros automáticos: $ 2.7 millones
• Otros servicios bancarios: $ 3.3 millones

Productos de préstamos comerciales

Los ingresos por préstamos comerciales para 2023 alcanzaron $ 22.8 millones, segmentados como:

Producto de préstamo	Ingresos ($)
Préstamos comerciales comerciales	14,500,000
Préstamos inmobiliarios comerciales	8,300,000

Cargos de servicio de gestión de patrimonio

Los servicios de gestión de patrimonio generaron $ 9.3 millones en ingresos durante 2023:

• Tarifas de asesoramiento de inversiones: $ 5.6 millones
• Servicios de planificación de fideicomiso y patrimonio: $ 2.7 millones
• Consultas de planificación financiera: $ 1.0 millones

Tarifas de mantenimiento de transacción y cuenta

Las tarifas de transacción y mantenimiento de la cuenta para 2023 ascendieron a $ 11.2 millones:

Categoría de tarifa	Monto ($)
Mantenimiento mensual de la cuenta	4,800,000
Tarifas de transferencia de cables	2,600,000
Tarifas de transacción extranjera	1,900,000	Verifique las tarifas de procesamiento	1,900,000

First Community Corporation (FCCO) - Canvas Business Model: Value Propositions

You're looking at what First Community Corporation (FCCO) offers customers that makes them choose the bank over competitors, based on their late 2025 positioning. It's about local connection backed by solid, growing numbers.

Relationship-focused, local decision-making for businesses

The core value here is speed and local knowledge. You get decisions made close to home, not by a committee miles away. Management explicitly highlighted a focus on relationship accounts over chasing the lowest-cost, price-sensitive Certificates of Deposit (CDs), underscoring the value placed on the deposit franchise itself. This focus supports local business relationships.

• Management emphasized focus on relationship accounts over price-sensitive CDs.
• The bank operates with 21 banking offices as of September 30, 2025.

Full-service financial suite: banking, mortgage, and investment advisory

First Community Corporation (FCCO) provides a comprehensive set of financial tools under one roof, which simplifies financial management for clients. The performance across these segments in Q3 2025 shows real traction, especially in wealth management and core banking profitability.

Here's a quick look at the key financial outputs from the three main service lines for the third quarter of 2025:

Service Line Component	Metric	Q3 2025 Amount/Rate
Commercial and Retail Banking (Core)	Net Interest Income (NII)	$15.994 million
Commercial and Retail Banking (Core)	Tax Equivalent Net Interest Margin (TE NIM)	3.27%
Investment Advisory	Assets Under Management (AUM)	$1.103 billion
Investment Advisory	Revenue	$1.862 million
Mortgage Banking	Total Production Volume	$51.6 million
Mortgage Banking	Gain-on-Sale Margin	2.91%

The bank's overall loan portfolio showed growth, with total loans increasing by $19.3 million in Q3 2025, representing a 6.1% annualized growth rate. Total deposits stood at $1.77 billion at the end of September 2025.

Stability and trust from a long-standing community bank presence

Trust is built over time, and FCCO leans into its history as a community fixture. They are recognized as the largest community bank in the South Carolina Midlands and the fifth largest in the state as of September 30, 2025. A concrete measure of commitment to shareholders is their dividend history.

• Recognized as the fifth largest community bank in South Carolina as of September 30, 2025.
• Reported its 95th consecutive quarter of paying a cash dividend to common shareholders.
• Tangible book value per share increased to $19.06 as of Q3 2025.

Specialized lending capabilities, including planned SBA/GGL expansion

While organic loan growth was solid at 6.1% annualized in Q3 2025, a key strategic value proposition involves expanding into specialized, government-guaranteed lending. First Community Corporation announced plans to acquire Signature Bank of Georgia, which is specifically intended to bring an SBA (Small Business Administration) and GGL (Government Guaranteed Lending) line of business into the fold. The financial closing for this acquisition is anticipated in early Q1 2026, signaling a near-term enhancement to their specialized lending value proposition.

The total loans held-for-investment on the balance sheet were $1.28 billion at September 30, 2025.

Finance: draft the pro-forma impact of the Signature Bank of Georgia acquisition on the Q4 2025 loan pipeline by next Wednesday.

First Community Corporation (FCCO) - Canvas Business Model: Customer Relationships

You're looking at how First Community Corporation (FCCO) manages its connections with its various client groups. It's a mix of local presence and digital tools, which makes sense for a community bank focused on small-to-medium businesses and individuals.

Dedicated relationship managers for commercial and professional clients

First Community Bank serves small-to-medium sized businesses and professional concerns, which typically rely on direct, dedicated service. While the exact count of dedicated relationship managers isn't public, the focus on this segment is reflected in the overall deposit base growth.

• Customer deposits (excluding brokered CDs) stood at $1.744 billion as of September 30, 2025.
• Total deposits reached $1.771 billion at September 30, 2025.
• Customer deposit growth year-to-date through September 30, 2025, was an annualized rate of 7.6%.

Personal, in-branch service at 21 physical locations

The physical footprint supports the personal service model. You can still walk into one of their locations for face-to-face interaction. This is the core of their community banking approach.

• First Community Bank operates 21 full-service offices across South Carolina and Georgia as of the last reported data.

Automated self-service via online and mobile banking platforms

The bank supports its relationship model with digital tools for convenience. These platforms handle routine transactions so the relationship managers can focus on more complex needs.

• Digital capabilities include online account access, bill payment, and mobile deposit.

High-touch advisory service for wealth management clients

The Investment Advisory division, First Community Financial Consultants, provides the high-touch service for clients needing financial planning and investment direction. This segment has shown significant growth in assets managed.

Here are the key financial metrics for this relationship channel as of mid-2025:

Metric	Value as of Latest Report Date	Date Reference
Assets Under Management (AUM)	$1.011 billion	June 30, 2025
Investment Advisory Revenue	$1.751 million	Q2 2025
AUM (Previous Quarter End)	$892.8 million	March 31, 2025

That AUM figure crossing the $1 billion mark in the second quarter of 2025 is a clear indicator of client trust in that advisory relationship.

First Community Corporation (FCCO) - Canvas Business Model: Channels

You're looking at how First Community Corporation (FCCO) gets its value proposition to the customer base right now, as of late 2025. It's a mix of traditional brick-and-mortar presence and modern digital tools, plus specialized sales teams for bigger deals.

The physical footprint remains central to the community banking model. As of September 30, 2025, First Community Bank operates with 21 full-service banking offices across its established markets. These offices serve customers across the Midlands, Aiken, Upstate, and Piedmont Regions of South Carolina, along with the Augusta region of Georgia. This network is set to grow, as the announced acquisition of Signature Bank of Georgia is expected to create a 23-office banking company upon closing, anticipated early in the first quarter of 2026.

For customers who prefer banking outside of branch hours, the digital channels are key. First Community Corporation supports its clients with:

• Mobile app access.
• Online account access.
• Bill payment functionality.
• Mobile deposit capabilities.

The direct sales force is critical for driving the higher-value lending and advisory services. This includes dedicated teams for commercial and mortgage lending, which is a significant revenue driver. For instance, the mortgage line of business posted a record total production of $62.9 million during the second quarter of 2025.

The investment advisory division, First Community Financial Consultants, is showing strong growth, which is a key indicator of channel success in wealth management. Here's a quick look at the financial performance metrics tied to this channel as of mid-to-late 2025:

Metric	Value as of Late 2025	Reporting Period/Date
Assets Under Management (AUM)	$1.1 billion	Q3 2025
Assets Under Management (AUM)	$1.011 billion	June 30, 2025
Investment Advisory Revenue	$1.751 million	Q2 2025
Investment Advisory Revenue	$1.806 million	Q1 2025

These numbers show that the advisory channel is successfully attracting and retaining assets, crossing the $1 billion threshold for the first time. The direct sales force for commercial banking and mortgage lending works alongside these advisory services to provide comprehensive financial solutions to local businesses and professionals.

The delivery of services through these channels can be summarized by the core offerings:

• Relationship management through the 21 physical offices.
• Digital self-service via mobile and online portals.
• Specialized sales execution for commercial loans and residential mortgages.
• Fee-based revenue generation from the investment advisory arm.

Finance: draft 13-week cash view by Friday.

First Community Corporation (FCCO) - Canvas Business Model: Customer Segments

You're mapping out the core groups First Community Corporation (FCCO) serves. This isn't just a list; it's about where the money and the relationships are concentrated as of late 2025.

Small-to-medium sized businesses (SMEs) in the Southeast US

First Community Bank focuses its commercial and retail banking segment on businesses and individuals across specific regions. The service area includes the Midlands, Aiken, Upstate and Piedmont Regions of South Carolina, along with Augusta, Georgia. This regional focus is key for understanding the SME segment.

• The commercial banking segment provides deposit and lending products to commercial customers.
• Loan growth was a focus, with total loans increasing by $19.3 million in the third quarter of 2025.
• Loan production was up 93% over the same period in 2024 during the first quarter of 2025.

Professionals and high-net-worth individuals

This group is directly served by the Investment Advisory and Non-Deposit segment, which offers financial planning and investment advisory services. This segment is showing significant scale.

• Assets Under Management (AUM) reached a record $1.103 billion at September 30, 2025.
• Investment advisory revenue for the third quarter of 2025 was $1.862 million.
• AUM had increased by 19.1% year-to-date through September 30, 2025.

Retail consumers seeking traditional deposit and loan products

The retail side of the commercial and retail banking segment captures the everyday banking needs of individuals. The focus here is on building a stable, relationship-based funding base.

• Total deposits stood at $1.771 billion as of September 30, 2025.
• Customer deposits, defined as total deposits excluding brokered CDs, were $1.462 billion at the end of the third quarter of 2025.
• The bank reported a strong shift toward relationship-based accounts, with pure deposits (total deposits less certificates of deposit) growing by $24.9 million in the third quarter of 2025.

Real estate developers and investors

This segment is primarily addressed through the Mortgage Banking segment, which handles mortgage origination services for loans sold to secondary market investors, as well as consumer mortgage loans held for investment. Commercial real estate concentration is a noted area of focus for lending activity.

• Mortgage line of business total production for the third quarter of 2025 was $51.6 million.
• Mortgage line of business fee revenue in the first quarter of 2025 was $759 thousand.
• The overall loan portfolio yield increased to 5.84% in the third quarter of 2025.

Here's the quick math on the scale of the business supporting these segments as of the third quarter of 2025.

Financial Metric (As of 9/30/2025)	Amount	Context
Total Deposits	$1.771 billion	Funding base for retail and commercial operations
Total Loans	$1.279 billion	Total assets deployed to customers
Assets Under Management (AUM)	$1.103 billion	Scale of the Professional/HNWI segment
Net Income (Q3 2025)	$5.192 million	Profitability across all segments for the quarter
Customer Deposits (Excl. Brokered CDs)	$1.462 billion	Core relationship funding base

Finance: draft 13-week cash view by Friday.

First Community Corporation (FCCO) - Canvas Business Model: Cost Structure

You're looking at the expenses First Community Corporation (FCCO) is managing to deliver its services as of late 2025. For a bank holding company, the cost structure is heavily weighted toward personnel, funding costs, and the physical/digital infrastructure needed to operate.

The overall non-interest expense for the third quarter of 2025 was reported at $13.674 million. This figure was up from $13.083 million in the second quarter of 2025.

A significant driver of the quarter-over-quarter increase in non-interest expense was strategic activity and marketing spend. Specifically, merger-related expenses accounted for $341 thousand of the increase. Also, marketing expense was $349 thousand higher on a linked quarter basis due to a planned, more extensive media schedule during the period.

Personnel expenses, which include salaries and benefits, are a major component of the overall cost base. For the second quarter of 2025, salaries and benefits expense had already increased by $403 thousand on a linked quarter basis, driven by higher variable compensation in mortgage and financial planning, higher incentive accruals, and the full quarter impact of annual increases for exempt employees effective March 1, 2025. While the exact Q3 2025 personnel expense isn't isolated, this trend suggests continued upward pressure on this line item.

Interest expense on deposits and borrowings is reflected in the cost of funds. For the third quarter of 2025, the cost of deposits was 1.81%, an improvement from 1.82% in the second quarter of 2025. The cost of funds was 1.89% in Q3 2025, down from 1.91% in Q2 2025. This indicates that despite a rising rate environment, First Community Corporation (FCCO) managed its funding costs slightly lower sequentially, supporting the net interest margin expansion.

The physical footprint supporting the business includes 21 banking offices across the Midlands, Aiken, Upstate, and Piedmont Regions of South Carolina, as well as Augusta, Georgia. Occupancy and equipment costs are embedded within the total non-interest expense, but specific figures for this category aren't itemized separately in the latest reports. The total assets managed by First Community Corporation (FCCO) stood at $2.07 billion as of September 30, 2025.

Regulatory compliance and technology maintenance costs are necessary operational expenditures for a bank holding company. These are included in the total non-interest expense figure of $13.674 million for Q3 2025. The bank is also incurring merger-related expenses associated with the pending acquisition of Signature Bank of Georgia.

Here's a quick look at key cost-related metrics from the third quarter of 2025:

Cost Metric	Amount/Rate (Q3 2025)
Total Non-Interest Expense	$13.674 million
Net Interest Income	$15.994 million
Cost of Deposits	1.81%
Cost of Funds	1.89%
Merger Related Expenses (Component of Non-Interest Expense)	$341 thousand (increase linked quarter)
Total Deposits	$1.771 billion

You can see the breakdown of the non-interest expense components that make up the total for Q3 2025:

• Total Non-Interest Expense: $13.674 million
• Merger Related Expenses: Included in the total, contributing to an increase of $341 thousand linked quarter.
• Marketing Expense: Increased by $349 thousand linked quarter.
• Personnel Expenses: A major component, with Q2 2025 seeing a $403 thousand linked quarter increase in salaries and benefits.
• Occupancy/Equipment/Technology/Compliance: Included in the remainder of the non-interest expense after accounting for merger and marketing costs.

Finance: draft 13-week cash view by Friday.

First Community Corporation (FCCO) - Canvas Business Model: Revenue Streams

You're looking at how First Community Corporation (FCCO) brings in its money as of late 2025. The core of their revenue, like most banks, comes from the spread between what they earn on assets and what they pay for liabilities, but fee income is a growing part of the story.

The primary driver remains the Net Interest Income (NII). For the third quarter of 2025, this figure stood at \$15.994 million. This reflects a strong operating momentum, supported by a Tax Equivalent Net Interest Margin (NIM) that expanded for the sixth consecutive quarter, reaching 3.27%.

Non-interest income provides important diversification. Total non-interest income for Q3 2025 was \$4.469 million, which was a 6.3% increase quarter-over-quarter. This total is composed of several key components, which we can detail below.

Here's a breakdown of the key revenue components for First Community Corporation in Q3 2025:

Revenue Stream Component	Q3 2025 Amount
Net Interest Income (NII)	\$15.994 million
Investment Advisory Fees	\$1.862 million
Mortgage Banking Fee Revenue	\$934 thousand
Total Non-Interest Income	\$4.469 million

The investment advisory business is showing clear growth, with Assets Under Management (AUM) hitting a record \$1.103 billion as of September 30, 2025. This AUM growth directly supported the \$1.862 million in revenue from that line of business.

For the mortgage operations, the fee revenue was \$934 thousand, generated from total production of \$51.6 million in loans during the quarter, carrying a 2.91% gain-on-sale margin.

The remaining components of non-interest income include:

• Service charges on deposit accounts.
• Gains on sale of loans and investment securities (partially represented by the mortgage gain-on-sale margin).
• A reported \$188 thousand non-recurring item within the total non-interest income figure.

The company's focus on its deposit franchise is key to supporting the NII engine. Total deposits grew by \$17.1 million in the quarter, with 'pure deposits' (total deposits excluding brokered CDs) increasing by \$24.9 million.

Finance: draft 13-week cash view by Friday.