Loans (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	June 30,		December 31,
(Dollars in thousands)	2025		2024
Commercial	$	89,048	$	86,616
Real estate:
Construction		156,054		152,155
Mortgage-residential		128,758		124,751
Mortgage-commercial		818,706		796,411
Consumer:
Home equity		47,502		42,304
Other		19,987		18,305
Total loans, net of deferred loan fees and costs	$	1,260,055	$	1,220,542

Schedule of loan category and loan by risk categories

The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination as of June 30, 2025:


	Term Loans by year of Origination
($ in thousands)	2021		2022		2023		2024		2025		Prior		Revolving		Revolving Converted to Term		Total
Commercial
Pass	$	18,105	$	5,901	$	7,201	$	16,871	$	7,981	$	7,727	$	25,262	$	—	$	89,048
Special mention		—		—		—		—		—		—		—		—		—
Total commercial		18,105		5,901		7,201		16,871		7,981		7,727		25,262		—		89,048

Current period gross write-offs		—		—		—		—		—		—		—		—		—
Real estate construction
Pass		2,247		35,590		41,809		34,156		3,775		5,862		31,055		64		154,558
Special mention		—		—		1,496		—		—		—		—		—		1,496
Total real estate construction		2,247		35,590		43,305		34,156		3,775		5,862		31,055		64		156,054

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Real estate mortgage-residential
Pass		4,855		31,121		47,061		15,402		7,405		16,179		853		5,140		128,016
Special mention		—		353		—		—		—		181		—		—		534
Substandard		—		—		—		—		—		208		—		—		208
Total real estate mortgage-residential		4,855		31,474		47,061		15,402		7,405		16,568		853		5,140		128,758

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Real estate mortgage-commercial
Pass		112,275		184,501		108,246		82,572		76,364		237,338		17,024		40		818,360
Special mention		—		—		—		—		—		283		—		—		283
Substandard		—		—		—		—		—		63		—		—		63
Total real estate mortgage-commercial		112,275		184,501		108,246		82,572		76,364		237,684		17,024		40		818,706

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Consumer - home equity
Pass		—		—		—		—		—		—		46,264		—		46,264
Special mention		—		—		—		—		—		—		184		—		184
Substandard		—		—		—		—		—		—		1,054		—		1,054
Total consumer - home equity		—		—		—		—		—		—		47,502		—		47,502

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Consumer - other
Pass		198		371		928		2,061		1,499		1,194		13,723		—		19,974
Special mention		—		—		11		—		—		—		—		—		11
Substandard		—		—		—		2		—		—		—		—		2
Total consumer - other		198		371		939		2,063		1,499		1,194		13,723		—		19,987

Current period gross write-offs		—		—		2		—		—		—		29		—		31

The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination as of December 31, 2024:


	Term Loans by year of Origination
($ in thousands)	2020		2021		2022		2023		2024		Prior		Revolving		Revolving Converted to Term		Total
Commercial
Pass	$	605	$	20,288	$	7,084	$	8,336	$	21,808	$	8,100	$	20,359	$	36	$	86,616
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total commercial		605		20,288		7,084		8,336		21,808		8,100		20,359		36		86,616

Current period gross write-offs		5		77		—		—		—		5		—		—		87
Real estate construction
Pass		—		2,295		44,290		44,022		27,213		6,231		28,104		—		152,155
Total real estate construction		—		2,295		44,290		44,022		27,213		6,231		28,104		—		152,155

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Real estate mortgage-residential
Pass		9,240		5,191		32,422		28,983		14,492		8,012		872		24,775		123,987
Special mention		21		—		358		—		—		167		—		—		546
Substandard		—		—		—		—		—		218		—		—		218
Total real estate mortgage-residential		9,261		5,191		32,780		28,983		14,492		8,397		872		24,775		124,751

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Real estate mortgage-commercial
Pass		79,977		118,415		190,140		115,525		76,754		196,793		17,949		582		796,135
Special mention		—		—		—		—		—		207		—		—		207
Substandard		—		—		—		—		—		69		—		—		69
Total real estate mortgage-commercial		79,977		118,415		190,140		115,525		76,754		197,069		17,949		582		796,411

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Consumer - home equity
Pass		—		—		—		—		—		—		41,081		—		41,081
Special mention		—		—		—		—		—		—		160		—		160
Substandard		—		—		—		—		—		—		1,063		—		1,063
Total consumer - home equity		—		—		—		—		—		—		42,304		—		42,304

Current period gross write-offs		—		—		—		—		—		—		—		—		—

Consumer - other
Pass		22		251		607		1,128		4,359		1,225		10,696		—		18,288
Special mention		—		—		—		14		—		—		—		—		14
Substandard		—		—		—		—		3		—		—		—		3
Total consumer - other		22		251		607		1,142		4,362		1,225		10,696		—		18,305

Current period gross write-offs		—		—		—		—		7		—		88		—		95

Schedule of Allowance for Credit Losses

The detailed activity in the allowance for credit losses and the recorded investment in loans receivable for the three and six months ended June 30, 2025 and June 30, 2024 is shown below:

Schedule of Allowance for Credit Losses

($ in thousands)	Commercial			Real Estate Construction			Real Estate Mortgage Residential		Real Estate Mortgage Commercial			Consumer Home Equity		Consumer Other			Total Loans
Balance at March 31, 2025	$	1,051		$	1,744		$	1,681	$	8,192		$	602	$	338		$	13,608
Charge-offs		—			—			—		—			—		(22	)		(22	)
Recoveries		2			1			—		3			2		4			12
Provision for (release of) credit losses		(41	)		(45	)		25		(272	)		41		24			(268	)
Balance at June 30, 2025	$	1,012		$	1,700		$	1,706	$	7,923		$	645	$	344		$	13,330

($ in thousands)	Commercial			Real Estate Construction			Real Estate Mortgage Residential		Real Estate Mortgage Commercial			Consumer Home Equity		Consumer Other			Total Loans
Balance at December 31, 2024	$	994		$	1,675		$	1,639	$	7,974		$	568	$	285		$	13,135
Charge-offs		—			—			—		—			—		(31	)		(31	)
Recoveries		9			1			—		7			5		10			32
Provision for (release of) credit losses		9			24			67		(58	)		72		80			194
Balance at June 30, 2025	$	1,012		$	1,700		$	1,706	$	7,923		$	645	$	344		$	13,330

($ in thousands)	Commercial			Real Estate Construction			Real Estate Mortgage Residential		Real Estate Mortgage Commercial			Consumer Home Equity		Consumer Other			Total Loans
Balance at March 31, 2024	$	941		$	1,583		$	1,194	$	8,021		$	454	$	266		$	12,459
Charge-offs		(5	)		—			—		(2	)		—		(10	)		(17	)
Recoveries		1			1			—		4			2		4			12
Provision for (release of) credit losses		89			35			184		123			48		(1	)		478
Balance at June 30, 2024	$	1,026		$	1,619		$	1,378	$	8,146		$	504	$	259		$	12,932

($ in thousands)	Commercial			Real Estate Construction		Real Estate Mortgage Residential		Real Estate Mortgage Commercial			Consumer Home Equity		Consumer Other			Total Loans
Balance at December 31, 2023	$	935		$	1,337	$	1,122	$	8,146		$	472	$	255		$	12,267
Charge-offs		(29	)		—		—		(2	)		—		(36	)		(67	)
Recoveries		2			1		18		7			5		6			39
Provision for (release of) credit losses		118			281		238		(5	)		27		34			693
Balance at June 30, 2024	$	1,026		$	1,619	$	1,378	$	8,146		$	504	$	259		$	12,932

Schedule of Amortized Cost of Loans, by Loan Category, Modified for Borrowers with Financial Difficulty

Schedule of Nonaccrual Loans

The following tables are by loan category and present loans past due and on non-accrual status as of June 30, 2025 and December 31, 2024.

					Greater than
(Dollars in thousands)	30-59 Days		60-89 Days		90 Days and				Total
June 30, 2025	Past Due		Past Due		Accruing		Non-accrual		Past Due		Current		Total Loans
Commercial	$	23	$	—	$	—	$	—	$	23	$	89,025	$	89,048
Real estate:
Construction		—		—		—		—		—		156,054		156,054
Mortgage-residential		50		—		—		208		258		128,500		128,758
Mortgage-commercial		66		13		—		—		79		818,627		818,706
Consumer:
Home equity		—		49		66		1		116		47,386		47,502
Other		15		3		—		—		18		19,969		19,987
Total	$	154	$	65	$	66	$	209	$	494	$	1,259,561	$	1,260,055

					Greater than
(Dollars in thousands)	30-59 Days		60-89 Days		90 Days and				Total
December 31, 2024	Past Due		Past Due		Accruing		Non-accrual		Past Due		Current		Total Loans
Commercial	$	61	$	—	$	—	$	—	$	61	$	86,555	$	86,616
Real estate:
Construction		—		—		—		—		—		152,155		152,155
Mortgage-residential		14		—		—		217		231		124,520		124,751
Mortgage-commercial		—		87		—		—		87		796,324		796,411
Consumer:
Home equity		—		391		45		2		438		41,866		42,304
Other		1		—		3		—		4		18,301		18,305
Total	$	76	$	478	$	48	$	219	$	821	$	1,219,721	$	1,220,542

The following table is a summary of the Company’s non-accrual loans by major categories for the periods indicated.

Schedule of Nonaccrual Loans


	June 30, 2025
(Dollars in thousands)	Non-accrual Loans with No Allowance		Non-accrual Loans with an Allowance		Total Non-accrual Loans
Commercial	$	—	$	—	$	—
Real estate:
Construction		—		—		—
Mortgage-residential		—		208		208
Mortgage-commercial		—		—		—
Consumer:
Home equity		—		1		1
Other		—		—		—
Total	$	—	$	209	$	209

	December 31, 2024
(Dollars in thousands)	Non-accrual Loans with No Allowance		Non-accrual Loans with an Allowance		Total Non-accrual Loans
Commercial	$	—	$	—	$	—
Real estate:
Construction		—		—		—
Mortgage-residential		—		217		217
Mortgage-commercial		—		—		—
Consumer:
Home equity		—		2		2
Other		—		—		—
Total	$	—	$	219	$	219

Schedule of Nonaccrual Loans

The following table is a summary of the Company’s non-accrual loans by major categories for the periods indicated.

Schedule of Nonaccrual Loans


	June 30, 2025
(Dollars in thousands)	Non-accrual Loans with No Allowance		Non-accrual Loans with an Allowance		Total Non-accrual Loans
Commercial	$	—	$	—	$	—
Real estate:
Construction		—		—		—
Mortgage-residential		—		208		208
Mortgage-commercial		—		—		—
Consumer:
Home equity		—		1		1
Other		—		—		—
Total	$	—	$	209	$	209

	December 31, 2024
(Dollars in thousands)	Non-accrual Loans with No Allowance		Non-accrual Loans with an Allowance		Total Non-accrual Loans
Commercial	$	—	$	—	$	—
Real estate:
Construction		—		—		—
Mortgage-residential		—		217		217
Mortgage-commercial		—		—		—
Consumer:
Home equity		—		2		2
Other		—		—		—
Total	$	—	$	219	$	219

Schedule of Unfunded Commitments

The following table presents the balance and activity in the allowance for credit losses for unfunded loan commitments for the three and six months ended June 30, 2025 and June 30, 2024.

Schedule of Unfunded Commitments

(Dollars in thousands)	Total Allowance for Credit Losses - Unfunded Commitments
Balance, March 31, 2025	$	456
Provision for unfunded commitments		34
Balance, June 30, 2025	$	490

(Dollars in thousands)	Total Allowance for Credit Losses - Unfunded Commitments
Balance, December 31, 2024	$	480
Provision for unfunded commitments		10
Balance, June 30, 2025	$	490

(Dollars in thousands)	Total Allowance for Credit Losses - Unfunded Commitments
Balance, March 31, 2024	$	512
Release of allowance for unfunded commitments		(22	)
Balance, June 30, 2024	$	490

(Dollars in thousands)	Total Allowance for Credit Losses - Unfunded Commitments
Balance, December 31, 2023	$	597
Release of allowance for unfunded commitments		(107	)
Balance, June 30, 2024	$	490

FIRST COMMUNITY CORP /SC/ 10-Q