First Community Corporation · NASDAQ:FCCO
First Community — South Carolina Bank Investors Symposium 2003
30 slides from First Community's conference presentation, Aug 26, 2003
Slide 1: Vision of First Community Bank
Th Vi i a Sion of First Community Bank is to be the premier community bank in the markets we serve. These markets are best described as communities and neighborhoods that have a local identity, where local businesses are valued and where individuals are important. We believe that the vision is best
Slide 2: Founded in 1995 Highlights
@ Founded in 1995 Highlights @ Total Assets $208 Million (as of 6/30/03) @ Total Return on Stock is 156% (since inception) @EPS Growth Rate is 22.9% (12731799 — 6/30/03 annualized) @ Listed on NASDAQ Small Cap (FCCO) @ Maintained “Well Capitalized” Status Mi )First.. Oast $ eee Come See the Differen
Slide 3: Slide 3
Slide 4: Our Timeline (a recap)
Our Timeline (a recap) June of 1995 Initial Capitalization Completed $6.9 Million Raised 700 initial Shareholders August 1995 Lexington Banking Office Opened September 1995 Forest Acres Banking Office Opened November 1996 Achieved Profitability 15°" Month of Operation June 1998 Secondary Offering Co
Slide 5: Full Service Commercial Bank
Full Service Commercial Bank Deposit Accounts Loan Services Online Banking Telephone Banking Mortgage Origination Investment Services First... Oe : Comportiohi Come See the Difference
Slide 6: Market Analysis
SEES iy Corporation - Market Analysis Come See the Difference
Slide 7: Market Data - statistics
Market Data -statistics Total Colum bia MSA Popu ation 536,691 (2000 Census) @ Population Growth (2002-2007 projected) Richland Coun Lexington County 10.2% y 48% @ Household Income (2002-2007 projected) @ Unemployment R Lexington County 3.1% Richland Coun Lexington County 8.9% y 10.2% ate (May 2003)
Slide 8: Market Data - other factors
Market Data -other factors @ Columbia, the state capital, is part of this market @ Lexington area ranked #1 in South Carolina in population growth in 2002 @ Diversified Economic Base @ Strong Vibrant Economy -State and Federal Government -Fort Jackson University of South Carolina -Small Businesses -
Slide 9: Midlands Area Market Points of Interest
Midlands Area Market Points of Interest Business OpportunitiesvE. pansion Management Magazine) First... Spiny Come See the Difference Corporion
Slide 10: Midlands Banking Market deposits
Midlands ing Market 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 $24,548 $156,417 $125,404 June, 2000 June, 2001 June, 2002 Dia, Corporion Total market deposits increased by $1.3 billion to $6.8 billion *peroentage of market share.
Slide 11: Financial Highlights
SEES iy Corporation - Financial Highlights Come See the Difference
Slide 12: Total Assets
$250,000 5 $200,000 + $150,000 + $100,000 + $50,000 + $195,201 $208,404 $0 1999 $156,555 111,986 $94,889 , : 2000 2004 2002 2003 June 30
Slide 13: Total Deposits
$200,000 $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0 $178,893 $168,062 $134,402 $92,755 $76,971 | | r r r r r 1999 2000 2001 2002 2003 June 30
Slide 14: Funding Mix 6/30/03
CSyithiy Funding Mix 6/30/03 Carpal 3% 30% Comml Transaction HB Comm! MMDA Comml Savings Cons Transaction > o@ Cons MMDA 4% Cons Savings 2% Hi Time < $100,000 Time > $100,000 @ Cash Mgmnt 5% 8% 9%
Slide 15: Total Loans
$120,000 $100,000 caGR $99,991 $87,519 EL OED $67,984 $60,000 $52,297 $40,000 $20,000 $0 r r r r r 1999 2000 2001 2002 2003 June 30 $111,881
Slide 16: Loan Composition 6/30/03
ES hity Cer Loan Composition 6/30/03 Corberduai 5% 10% Comml Non RE f Comm! RE Const & Dev Consumer RE @ Home Equity fi Cons Non RE 9% 5%
Slide 17: Loan Portfolio Highlights
Loan Portfolio Highlights [> Loan Loss Reserve Ratio is 1.65% [Past Due Ratio History (30 days or more) June 30, 2003 34% December 31, 2002 35% December 31, 2001 .48% December 31, 2000 .49% (> Non-Performing Loans (in 000s) $241 [> Net Charge-Offs Since Inception are $291,963 et at Corporation
Slide 18: Net Charge-off Ratio
MS iy Net Charge-off Ratio Corporation 0.40% 5 0.35% 0.30% + 0.20% 4 0.16% 0.10% | 9:08% [| 0.00% [| -0.01% -0.21% 0.10% | 1999 2000 2001 2002 oe/ao/o3 -0.10% -0.20% | -0.30% ~
Slide 19: Net Interest Margin
Shi Net interest Margin. Comporioh pall 4.59% 4.60% 4.50% + 4.40% = 4.33% Aeis% esses 5 4.19% 4.20% + 4.10% 4 3.99% 4.00% + 3.90% + 3.80% 4 3.70% + 3.60% , 002 2003 1999 2000 2001 2 Jane 20
Slide 20: Net Income
First Sithiy ty on Net aa (in Ponemats) $1,600 - $1,400 - $1,200 - $1,000 - $800 - $600 $400 5 $200 $0 - 1999 2000 2001 2002 2003 June 30
Slide 21: Earnings per share
$0.80 + “7 $0.70 $0.61 eee $0.60 > $0.50 $0.50 + $0.40 + $0.30 + $0.20 + $0.10 + $0.00 +— 1999 2000 2001 2002 2003 6/30 —
Slide 22: Return on Assets
SP iy 1.00% 5 0.90% 5 0.80% 5 0.70% 5 0.60% 5 0.50% 5 0.40% 5 0.30% 5 0.20% 5 0.10% 5 Corporation Return on Assets 0.90% °Oe% 0.90% 0.00% | | 77% 0.82% . | 1999 2000 2001 2002 2003 6/30
Slide 23: Return on Equity
SNiEhiy, Return on Equity. » Corporation 12.00% - 10.00% + 8.00% 8.35% 8.00% | 6.76% 6.00% | 90% he ‘Oo 7] 4.00% + 2.00% + 0.00% 1999 2000 2001 2002 2003 6/30 9.80%
Slide 24: Stock Information
SEES iy Corporation - Stock Information Come See the Difference
Slide 25: Trading Characteristics
Trading Characteristics (as of July 31, 2003) @ Market Listing @ # of Shareholders (est) NASDAQ Small Cap 1600 @ Trading Symbol @ # of Shares Outstanding FCCO 1,589,706 @ # of Market Makers @ Market Capitalization 6 $30,601,841 @ Average Daily Trading Volume 636 Shares Firs Sti : ey Come See the Dif
Slide 26: Stock Performance
Stock Performance (as of June 30, 2003) (> Price to LTM EPS 18.06X (> Price to Tangible Book 1.70X {> quarterly Dividends per Share $.05 (> Dividend Yield 1.03% (>> Total Return Since Inception 156.0% 3 Years 76.5% 1 Year 34.5% First... Spin | Corpeetioh Come See. the Difference
Slide 27: One Year Stock Price Analysis
DJ INDU AVERAGE (DOW JONES & CO as of oer —Aug-2003 +602 T T T T t 440% FCCO Nasdaq +20% Dow 0% “SPX ~20% 4 1 1 so Nowo2 Jan03 Maro3 Mayo3 Jul03 8 |mvolume 5 40P 4 B20F | i) 9 eran 1H Bre GO (PP Copyright 20 2003 Natool Ines) Inc. LEAN ct et Shih DEthip, One Year Stock Price Analysis
Slide 28: Summary
Summary: @ Customer Service Culture @ Employee Culture @ Credit Culture @ Infrastructure Developed: Organizational growth Management depth Training Risk management @ Commitment to planning and even stronger commitment to execution @ Aggressive yet disciplined growth strategy @ Strong & growing commu
Slide 29: Safe Harbor Statement
SAFE HARBOR STATEMENT - INCLUDING ALL DOCUMENTS INCORPORATED HEREIN BY REFERENCE, CONTAINS FORWARD-LOOKING STATEMENTS. ADDITIONAL WRITTEN OR ORAL FORWARD-LOOKING STATEMENTS MAY BE MADE BY THE COMPANY FROM TIME TO TIME IN FILINGS WITH THE SECURITIES & EXCHANGE COMMISSION OR OTHERWISE. THE WORDS "BELI
Slide 30: Presented at the South Carolina Bank Investors Symposium
SES iy Corporation Presented at the South Carolina Bank Investors Symposium sour wer August 21 — 22, 2003 BANICINVESTCE Greenville, South Carolina = POSTUM
First Community — South Carolina Bank Investors Symposium 2003 on 6ix