Slide 1: Mike Crapps, President and CEO, April 9, 2013
Mike Crapps President and CEO April 9, 2013
Slide 2: Highlights
HIGHLIGHTS . Founded in 1995 . $603 million institution, with 11 banking offices • Organic Growth • De-novo Branches • M&A . Vision – As the provider of choice of financial solutions to local businesses and professionals in the markets we serve, we optimize the long-term return to our shareholders,
Slide 3: Profile & Branch Map
3 Bank subsidiary is First Community Bank (“Bank”) Footprint in the Midlands region of South Carolina Located along and at the intersection of three major interstates: I-26, I-20 and I-77 PROFILE & BRANCH MAP Company Profile NASDAQ Ticker FCCO Headquarters Lexington, SC Established 1995 Market Cap1
Slide 4: Attractive Size & Franchise
4 0.0 5.0 10.0 15.0 20.0 25.0 30.0 Market Share (%) ATTRACTIVE SIZE &FRANCHISE Midlands Deposit Market Share FCCO ranks among the largest banks headquartered in South Carolina based on asset size The Company ranks #1 among community banks with a presence in the Midlands based on deposit market share
Slide 5: Performance Highlights: Excellent Asset Quality
PERFORMANCE HIGHLIGHTS . Excellent Asset Quality • Low NPAs and Charge-Offs • Value based credit culture . In-market lending focus . No participations purchased . No mountain or coastal lending . Limited construction and raw land exposure . Strict lending authorization
Slide 6: Performance Highlights: Strong Capital Position
PERFORMANCE HIGHLIGHTS . Strong Capital Position • Regulatory Ratios . Leverage Ratio – 10.63% . Total Capital Ratio – 18.64% • Tangible Common Equity – 8.88% • Completed $15 million common equity offering • Redeemed all preferred shares and warrants • Cash Dividend . 44 consecutive quarters . In Ja
Slide 7: One Year Stock Price Performance vs. Relevant Indices
One Year Stock Price Performance vs. Relevant Indices Note: Trading data as of December 21, 2012 Source: SNL Financial LC PERFORMANCE HIGHLIGHTS
Slide 8: Performance Highlights: Diverse Revenue Model
PERFORMANCE HIGHLIGHTS . Diverse revenue model drives profitability • 33% of revenue from non-interest income • Operating profit each year since 1997
Slide 9: A Look to the Future
A LOOK TO THE FUTURE . Organic Growth – All Three Lines of Business . De-Novo Branches . M&A • Whole Bank • Line of Business
Slide 10: Summary
SUMMARY . High quality company . Diverse revenue and earnings model . Well positioned for future growth in all three lines of business . Cash dividend provides attractive yield . Currently trades at 88% of tangible book value
Slide 11: First Community Corporation
§) First Community Corporation Come See the Difference