Slide 1: First Community Corporation Investor Presentation June 2026
§) First Community | PERFORMANCE TRUST Corporation CAPITAL PARTNERS June 2026
Slide 2: Outline
OUTLINE I. Overview 3 II. 1Q26 Highlights / Topics of Interest 8 » Signature Bank of Georgia Acquisition 9 » Earning Assets 11 » Funding 16 » Net Interest Margin (NIM) 19 » Risk Management 25 » Capital 29 » Non - Interest Income Highlights 33 » Revenue 40 » Non - Interest Expense 43 » Net Income 46
Slide 3: Overview
OVERVIEW Impacting Lives for Success and Significance
Slide 4: Our Purpose and Cause
OUR PURPOSE AND CAUSE Everything we do has an impact. Providing the best products and services possible is what we do; however, that’s not why we do it. We know that everything we do has an impact, and we believe it’s our responsibility to make sure it’s a positive one. Shareholders Se « 5 First Com
Slide 5: Our Identity
OUR IDENTITY Purpose & Cause Impacting lives for success and significance Mission To provide best in class financial solutions to local businesses, professionals, and organizations in our markets as well as optimize the long-term return to our shareholders, while providing a safe, sound investment.
Slide 6: Overview
OVERVIEW » Began in 1995 » Focused on Organic Growth, Augmented with Opportunistic Acquisitions ▪ 2004 – Newberry Federal ▪ 2006 – Bank of Camden ▪ 2008 – EAH Financial Planning Practice ▪ 2011 – Palmetto South Mortgage Corp. ▪ 2014 – Savannah River Financial Corp. ▪ 2017 – Cornerstone National Bank
Slide 7: Four Lines of Business Overview
Four Lines of Business OVERVIEW 7
Slide 8: 1Q26 Highlights / Topics of Interest
1Q26 HIGHLIGHTS / TOPICS OF INTEREST Impacting Lives for Success and Significance
Slide 9: Signature Bank of Georgia Acquisition
SIGNATURE BANK OF GEORGIA ACQUISITION » Accomplishes two Strategic Initiatives ▪ Additional growth market ▪ Addition of GGL/SBA lines of business » Closing: January 8, 2026 » Systems Conversion: March 13, 2026
Slide 10: Acquisition Highlights
Establishing a presence in the dynamic and high - growth Atlanta - Sandy Springs - Roswell, Georgia MSA Attractive transaction terms drive compelling pro forma financial results Proven expertise in SBA lending generating significant fee income Manageable TBV dilution (2.2 years earnback ) coupled wi
Slide 11: Earning Assets
EARNING ASSETS Impacting Lives for Success and Significance
Slide 12: Loan Portfolio Composition
Yield 5.32% 5.65% 5.84% 5.94% Loan Portfolio 2026 YTD Annualized Growth = 13.1% 2 CRE as a % of RBC = 313.8% (4 th Quarter for 2023 - 2025 and 1 st Quarter for 2026) EARNING ASSETS Composition 3/31/26 Millions 1 1 Includes $195.7 million related to the acquisition of Signature Bank. 2 Excludes $195.
Slide 13: Loan Portfolio Growth
» 2025 $90.5 million 7.4% annualized growth rate » 1Q26 $42.4 million 1 13.1% annualized growth rate Notes: » Percent of Growth : 2025 ▪ CRE 63.5% ▪ C&I 5.7% ▪ Residential Mortgage 16.6% ▪ Other 14.2% » Interest Rate Sensitivity : ▪ Principal cash flows, excluding prepayment estimates • 2Q26 $92.6 m
Slide 14: Investment Portfolio Composition
Yield 3.59% 3.40% 3.30% 3.32% AOCI/(AOCL) 1 ($28.2) ($25.5) ($18.4) ($18.8) Investment Portfolio Average Life: 5.2 years Effective Duration: 3.3 $506.2 $491.7 EARNING ASSETS Millions $492.2 1 AOCI is accumulated other comprehensive income and (AOCL) is accumulated other comprehensive loss. $512.6 Co
Slide 15: Investment Portfolio
Notes: Mix (1Q26) : » Floating 28.3% » Fixed 71.7% Principal Cash Flows : » 2Q26 – 4Q26 $44.4 million at a weighted average rate of 3.94% » FY 2027 $45.0 million at a weighted average rate of 3.74% Investment Portfolio EARNING ASSETS 15
Slide 16: Funding
FUNDING Impacting Lives for Success and Significance
Slide 17: High Quality Deposit Franchise
Total Deposit Cost 1.69% 1.91% 1.73% 1.80% Non - Interest Bearing 29% 28% 27% 27% Millions $1,573.9 $1,779.0 $1,856.7 (4 th Quarter 2023 - 2025 & 1 st Quarter 2026) $2,148.1 1 FUNDING 12/31/2023 12/31/2024 12/31/2025 03/31/2026 High Quality Deposit Franchise 1 Includes $229.8 million related to the
Slide 18: Balance Sheet - Sources and Uses
2025 » Sources of funds (Millions) Cash $ 2.5 Customer Deposits 84.0 Customer Cash Management 4.1 Capital 23.1 Other 2.5 Total $ 116.2 » Uses of funds Loans (includes loans held - for - sale) $ 91.6 Short - Term Investments & CDs 13.7 Brokered CDs 10.4 Investment Portfolio 0.5 Total $ 116.2 Summary:
Slide 19: Net Interest Margin
NET INTEREST MARGIN Impacting Lives for Success and Significance
Slide 20: Net Interest Margin (NIM)
NET INTEREST MARGIN (NIM) 20 1 Purchase accounting loan amortization on the acquired Signature Bank loan portfolio resulted in amortization expense of $437 thousand, thus reducing loan yields by 0.12%. 1
Slide 21: Net Interest Margin (NIM)
3.70% 3.60% 3.50% 3.40% 3.30% 3.20% 3.10% a 3.66% 1024 NET INTEREST MARGIN (NIM) Securities Portfolio Yield 3.66% 3.40% 3.42% 343% 3.4196 2024 3Q24 4024 1025 2Q25 3025 4Q25 1026 5.15% 5.10% 5.05% 5.00% 495% 4.90% 4.85% 4.80% 475% Average Earnings Assets (AEA) Yield 5.12% 1Q24 2Q24 3024 4Q24 1Q25 202
Slide 22: Net Interest Margin (NIM)
2.10% 2.05% 2.00% 1.95% 1.90% 1.85% 1.80% 1.75% 1.70% 1.65% 1.60% 1.55% 22 1.91 1024 NET INTEREST MARGIN (NIM) Cost of Deposits 2.03% 2Q24 3Q24 4Q24 1.82% 1.81% 7 1025 2Q25 3025 4025 1026 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% Cost of Funds 2.16% 2.17% 2.21% 9 959% 1.89% 0% 185% 1Q24 2Q24 3Q24 4Q24 102
Slide 23: Net Interest Margin (NIM)
NET INTEREST MARGIN (NIM) 1 Purchase accounting amortization on the acquired Signature Bank loan portfolio resulted in amortization expense of $437 thous and , thus reducing net interest margin by 0.08%. 23 1
Slide 24: Net Interest Margin (NIM)
24 Notes: » NIM inflection began 2Q24 » Eight consecutive quarters of NIM expansion » Loan principal cash flows, excluding prepayment estimates: • 2Q26 $92.6 million at a weighted average rate of 6.09% • 2Q26 – 4Q26 $214.8 million at a weighted average rate of 6.02% » Investment portfolio principal
Slide 25: Risk Management
RISK MANAGEMENT Impacting Lives for Success and Significance
Slide 26: Credit Quality
Credit Quality RISK MANAGEMENT Net Charge - Offs (Recoveries) NPA / Assets 26
Slide 27: Credit Quality
Provision for (Release of) Credit Losses ($ in thousands) Credit Quality RISK MANAGEMENT Allowance for Credit Losses as a Percentage of Total Loans 27
Slide 28: Risk Management
RISK MANAGEMENT Cybersecurity Program Formal ERM Program including Measures, like Fraud Internal Risk Prevention Scorecard, External Pp , = 5 rogram PT Score and Board J Enterprise Risk 8 Risk Appetite Management Framework is key to balance of Risk and Reward... Audit Peers BSA Program Compliance Pr
Slide 29: Capital
CAPITAL Impacting Lives for Success and Significance
Slide 30: Capital Ratios
30 Leverage Ratio (Bank) Total Capital Ratio (Bank) CAPITAL *On 5/7/26, announced a plan to utilize up to $7.5 million of capital to repurchase shares of FCCO’s common stock (3.4% of total shareholders’ equity at the time of the announcement). 30
Slide 31: Tangible Book Value and Tangible Common Equity
Tangible Book Value CAPITAL Tangible Common Equity 31
Slide 32: Capital - Dividend
CAPITAL Dividend | fF) 2023 2024 2025 1Q26
Slide 33: Non-Interest Income Highlights
NON - INTEREST INCOME HIGHLIGHTS Impacting Lives for Success and Significance
Slide 34: Financial Planning / Investment Advisory AUM
Financial Planning / Investment Advisory Services AUM (millions) NON - INTEREST INCOME HIGHLIGHTS 34
Slide 35: Financial Planning Revenue and Pre-Tax Income
Financial Planning / Investment Advisory Services Revenue and Pre - Tax Income (thousands) Pre - tax Profit Margin 31.0% 34.8% 38.5% 38.8% NON - INTEREST INCOME HIGHLIGHTS Thousands 35
Slide 36: Residential Mortgage Banking Production
Residential Mortgage Banking Production (millions) NON - INTEREST INCOME HIGHLIGHTS $135.7 $165.6 $202.7 36 $42.0
Slide 37: Residential Mortgage Banking Revenue and Pre-Tax Income
Pre - tax Profit Margin 2.5% 28.1% 39.5% 42.4% Residential Mortgage Banking Revenue and Pre - Tax Income ($ in thousands) $3,090.3 1 $5,201.3 1 $9,479.3 1 Note: Pre - tax net income includes fund transfer pricing, ACL, and miscellaneous allocations. 1 Includes mortgage late charges and other mortgag
Slide 38: Government Guaranteed Lending Production
Government Guaranteed Lending (GGL) Production (millions) NON - INTEREST INCOME HIGHLIGHTS 38 Note: 1) On April 10, 2026, First Community received the Preferred Lender Status from the Small Business Administration. 2) Loan Portfolio Size $52.6 million in loans held - for - investment and $0.6 millio
Slide 39: Government Guaranteed Lending Revenue and Pre-Tax Income
Government Guaranteed Lending (GGL) Revenue and Pre - Tax Income ($ in thousands) NON - INTEREST INCOME HIGHLIGHTS 39 $1,412.6 Note: Pre - Tax Net Income includes funds transfer pricing, ACL and miscellaneous allocations.
Slide 40: Revenue
REVENUE Impacting Lives for Success and Significance
Slide 41: Total Revenue - Strength in Diversity of Revenue
(Millions) $60.6 $66.3 Total Revenue 1 Strength in Diversity of Revenue REVENUE 1 Adjusted for Securities Gains/Losses and early extinguishment of debt. 1 $79.0 41
Slide 42: Total Revenue by Quarter
(Thousands) $19,530 $18,372 $20,602 Total Revenue 1 Strength in Diversity of Revenue $20,287 REVENUE $17,694 1 1 Adjusted for Securities Gains/Losses and early extinguishment of debt. 42 $23,159
Slide 43: Non-Interest Expense
NON - INTEREST EXPENSE Impacting Lives for Success and Significance
Slide 44: Non-Interest Expense
NON - INTEREST EXPENSE Non - interest Expense (Millions) $53.3 $43.1 $47.5 44
Slide 45: Non-Interest Expense by Quarter
NON - INTEREST EXPENSE Non - interest Expense (Millions) $11.8 $17.0 $13.1 $13.7 $13.8 $12.8 45
Slide 46: Net Income
NET INCOME Impacting Lives for Success and Significance
Slide 47: Core Net Income / Core EPS / Pre-Tax Pre-Provision Earnings
1 Core net income and EPS exclude gains (losses) on sale of securities and bank premises, gain on investment in a bank fintech fun d, loss on disposition of assets related to the downtown Augusta branch closure, loss on early extinguishment of debt, gains on sale of OREO, write - downs, and OREO, ga
Slide 48: Core Net Income by Quarter
1 Core net income and EPS exclude merger expenses, gain on sale of OREO, write - downs on OREO, gains on insurance proceeds, and a gain on investment in a bank fintech fund. S ee non - GAAP reconciliation on pages 50 - 52. Core Net Income 1 / Core EPS 1 / Pre - Tax Pre - Provision Earnings By Quarte
Slide 49: Forward-Looking Statements
FORWARD - LOOKING STATEMENTS SAFE HARBOR STATEMENT – In this presentation, unless the context suggests otherwise, references to “First Community,” the “Company” or “FCCO” refer to First Community Corporation and references to “we,” “us,” and “our” mean the combined business of the Company, First Com
Slide 50: Non-GAAP Financial Measures
NON - GAAP FINANCIAL MEASURES NON - GAAP FINANCIAL MEASURES – This presentation contains certain non - GAAP financial measures that are not in accordance with US Generally Accepted Accounting Principles (GAAP) . We use certain non - GAAP financial measures to provide meaningful, supplemental informa
Slide 51: Non-GAAP Reconciliation
NON - GAAP RECONCILIATION The tables below provide a reconciliation of non - GAAP measures to GAAP for each of the periods indicated: 51 1 Core net income and EPS exclude gains (losses) on sale of securities and bank premises, gain on investment in a bank fintech fun d, loss on disposition of assets
Slide 52: Non-GAAP Reconciliation
NON - GAAP RECONCILIATION The tables below provide a reconciliation of non - GAAP measures to GAAP for each of the periods indicated: 52 1 Core net income and EPS exclude merger expenses, gain on sale of OREO, write - downs on OREO, gains on insurance proceeds, and a g ain on investment in a bank fi