Core Viewpoint First Community Corporation reported its financial results for the fourth quarter and full year of 2025, showing significant growth in net income and earnings per share, alongside a strong capital position and asset quality. Financial Performance - Net income for Q4 2025 was $4.830 million, down from $5.192 million in Q3 2025 but up from $4.232 million in Q4 2024, with diluted earnings per share (EPS) at $0.62 compared to $0.67 in Q3 2025 and $0.55 in Q4 2024 [2][3] - For the year ended December 31, 2025, net income increased by 37.6% to $19.205 million from $13.955 million in 2024, with diluted EPS rising 36.5% to $2.47 from $1.81 in 2024 [3] Cash Dividend and Capital Management - The Board approved a cash dividend of $0.16 per common share for Q4 2025, marking the 96th consecutive quarter of dividends [4] - A share repurchase plan of up to $7.5 million was approved, representing approximately 4.5% of total shareholders' equity as of December 31, 2025 [4] Asset Quality - Non-performing assets (NPAs) were 0.02% of total assets at year-end 2025, down from 0.04% at the end of Q3 2025, indicating strong asset quality [6] - The past due ratio for all loans remained stable at 0.07% at year-end 2025 [6] Balance Sheet Highlights - Total loans increased by $31.7 million during Q4 2025, reaching $1.311 billion, with an annualized growth rate of 9.8% [8] - Total deposits were $1.750 billion at December 31, 2025, reflecting a 4.4% increase from $1.676 billion at the end of 2024 [9] Revenue Generation - Net interest income for the year ended December 31, 2025, rose 19.2% to $62.0 million from $52.0 million in 2024, with a net interest margin of 3.32% for Q4 2025 [11] - Total non-interest income for Q4 2025 was $4.288 million, compared to $4.469 million in Q3 2025 and $3.608 million in Q4 2024 [14] Acquisition Update - The acquisition of Signature Bank of Georgia was completed on January 8, 2026, providing entry into a new market and a new line of business focused on SBA and government-guaranteed lending [17]

Core Viewpoint - First Community Corporation has successfully completed the acquisition of Signature Bank of Georgia, enhancing its asset base and expanding its banking network [1][2][3] Group 1: Acquisition Details - The acquisition of Signature Bank was finalized on January 8, 2026, with Signature Bank merging into First Community Bank [1] - The deal is valued at approximately $50 million as of December 31, 2025, with Signature Bank shareholders receiving 0.6410 shares of First Community's common stock for each share of Signature Bank [3] - Following the merger, the combined entity has over $2.3 billion in assets, $2.1 billion in deposits, and $1.5 billion in loans [2] Group 2: Operational Impact - The former offices of Signature Bank will operate under the name First Community Bank d/b/a Signature Bank of Georgia until the systems conversion is completed in March 2026 [2] - The merger creates a banking office network of 23 full-service offices and a loan production office across various regions in South Carolina and Georgia [2] Group 3: Leadership Changes - Two new directors have been appointed to the boards of First Community and First Community Bank: Fred J. Deutsch as a non-independent director and Jonathan W. Been as an independent director [4]