J. Ted Nissen will retire as bank CEO and President effective Dec. 31, 2026; Vaughan R. Dozier becomes CEO and Joseph A. “Drew” Painter becomes President on Jan. 1, 2027.
Q2 results and balance sheet trends
First Community Corporation posted Q2 net income of $7.6 million, up 46.5% from a year earlier; diluted EPS rose 19.4% to $0.80.
Net interest margin widened 0.14 percentage points from Q1 to 3.51%, marking a ninth straight quarter of expansion.
Total deposits were $2.03 billion at June 30, up $275.3 million year-to-date, including $229.8 million from the Signature Bank of Georgia acquisition.
Total loans climbed $29.1 million in the quarter to $1.58 billion; non-performing assets were 0.04% at quarter-end.
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