Slide 1: First Community Corporation August 2026
« First . Community Corporation August 2026
Slide 2: Outline
OUTLINE I. Overview 3 II. 2Q26 Highlights / Topics of Interest 8 » Leadership Transition 9 » Signature Bank of Georgia Acquisition 12 » Earning Assets 14 » Funding 19 » Net Interest Margin (NIM) 22 » Risk Management 28 » Capital 32 » Non - Interest Income Highlights 36 » Revenue 43 » Non - Interest
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. Employees Impacting lives for
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
Four Lines of Business OVERVIEW 7
Slide 8: 2Q26 Highlights / Topics of Interest
2Q26 HIGHLIGHTS / TOPICS OF INTEREST Impacting Lives for Success and Significance
Slide 9: Leadership Transition
Impacting Lives for Success and Significance LEADERSHIP TRANSITION
Slide 10: Leadership Transition
Date Executive Position January 1, 2024 Drew Painter & Promoted to Co - Chief Commercial & Retail Vaughan Dozier Banking Officers & the Executive Leadership Team July 1, 2024 Ted Nissen Promoted to First Community Bank CEO and appointed to the Board of Directors. Responsible for leadership of all as
Slide 11: Leadership Transition
Date Executive Position December 31, 2026 Ted Nissen To retire from the Bank and Board of Directors. January 1, 2027 Vaughan Dozier To be promoted to First Community Bank CEO and appointed to the Board of Directors. Drew Painter To be promoted to First Community Bank President and appointed to the B
Slide 12: Signature Bank of Georgia Acquisition
SIGNATURE BANK OF GEORGIA ACQUISITION » Accomplishes two Strategic Initiatives ▪ Additional growth market ▪ Addition of GGL/SBA lines of business » Closed: January 8, 2026 » Systems Conversion: March 13, 2026
Slide 13: 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 wit
Slide 14: Earning Assets
EARNING ASSETS Impacting Lives for Success and Significance
Slide 15: Loan Portfolio Composition
Yield 5.32% 5.65% 5.84% 6.02% Loan Portfolio 2026 YTD Annualized Growth = 11.0% 2 CRE as a % of RBC = 314.1% (4 th Quarter for 2023 - 2025 and 2 nd Quarter for 2026) EARNING ASSETS Composition 6/30/26 Millions 1 1 Includes $195.7 million related to the acquisition of Signature Bank. 2 Excludes $195.
Slide 16: Loan Portfolio Growth
» 2025 $90.5 million 7.4% annualized growth rate » 1Q26 $42.4 million 1 13.1% annualized growth rate » 2Q26 $ 29.1 million 7.5% annualized growth rate » 1H26 $71.6 million 1 11.0% annualized growth rate Notes: » Percent of Growth : 2Q26 ▪ CRE 65.6% ▪ C&I 35.7% ▪ Residential Mortgage (15.1%) ▪ Other
Slide 17: Investment Portfolio Composition
Yield 3.59% 3.40% 3.30% 3.33% AOCI/(AOCL) 1 ($28.2) ($25.5) ($18.4) ($18.2) Investment Portfolio Average Life: 5.4 years Effective Duration: 3.4 $506.2 $491.7 EARNING ASSETS Millions $492.2 1 AOCI is accumulated other comprehensive income and (AOCL) is accumulated other comprehensive loss. $510.8 Co
Slide 18: Investment Portfolio
Notes: Mix (2Q26) : » Floating 28.1% » Fixed 71.9% Principal Cash Flows : » 2H26 $27.3 million at a weighted average rate of 3.75% » 2027 $43.1 million at a weighted average rate of 3.71% Investment Portfolio EARNING ASSETS 18
Slide 19: Funding
FUNDING Impacting Lives for Success and Significance
Slide 20: High Quality Deposit Franchise
Total Deposit Cost 1.69% 1.91% 1.73% 1.76% Non - Interest Bearing 29% 28% 27% 26% Millions $1,573.9 $1,779.0 $1,856.7 (4 th Quarter 2023 - 2025 & 2 nd Quarter 2026) $2,121.4 1 FUNDING 12/31/2023 12/31/2024 12/31/2025 06/30/2026 High Quality Deposit Franchise 1 Includes $229.8 million related to the
Slide 21: Balance Sheet - Sources and Uses
2Q26 » Sources of funds (Millions) Cash + Short - Term Investments $52.0 Investment Portfolio 1.8 Capital 7.2 Total $61.0 » Uses of funds Loans (includes loans held - for - sale) $34.2 Deposits 23.4 Customer Cash Management 3.4 Total $61.0 Summary: We utilized some of our excess liquidity to fund lo
Slide 22: Net Interest Margin
NET INTEREST MARGIN Impacting Lives for Success and Significance
Slide 23: Net Interest Margin (NIM)
NET INTEREST MARGIN (NIM) 23 1 Purchase accounting loan amortization on the acquired Signature Bank loan portfolio resulted in amortization expense of $437 thousand in 1Q26 and $178 thousand in 2Q26, thus reducing loan yields by 0.12% in 1Q26 and 0.05% in 2Q26. 1 1
Slide 24: NIM: Securities Portfolio Yield and Earning Assets Yield
3.70% 3.60% 3.50% 3.40% 3.30% 3.20% 3.10% 24 NET INTEREST MARGIN (NIM) Securities Portfolio Yield 3.66% 3.66% 3.40% 3-425 _3:43% 3.41% 3,33% 1024 2024 3024 4024 1025 2025 3025 4025 1026 2026 5.30% 5.20% 5.10% 5.00% 4.90% 4.80% 4.70% Average Earnings Assets (AEA) Yield 1Q24 2024 3Q24 4Q24 1Q25 5.24%
Slide 25: NIM: Cost of Deposits and Cost of Funds
2.10% 2.05% 2.00% 1.95% 1.90% 1.85% 1.80% 1.75% 1.70% 1.65% 1.60% 1.55% a) NET INTEREST MARGIN (NIM) Cost of Deposits 2.03% 1024 2Q24 3024 4Q24 1025 2025 3025 4025 1026 2026 Cost of Funds 2.16% 1024 2024 3024 4024 1025 2025 3025 4025 1026 2026
Slide 26: 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 in 1Q26 and $178 thousand in 2Q26, thus reducing net interest margin by 0.08% in 1Q26 and 0.03% in 2Q26. 26 1 1
Slide 27: Net Interest Margin (NIM) Notes
27 Notes: » NIM inflection began 2Q24 » Nine consecutive quarters of NIM expansion » Loan principal cash flows, excluding prepayment estimates: ▪ 2H26 $128.7 million at a weighted average rate of 6.01% ▪ 2027 $253.1 million at a weighted average rate of 5.62% » Investment portfolio principal cash fl
Slide 28: Risk Management
RISK MANAGEMENT Impacting Lives for Success and Significance
Slide 29: Credit Quality
Credit Quality RISK MANAGEMENT Net Charge - Offs (Recoveries) NPA / Assets 29
Slide 30: Credit Quality
Provision for (Release of) Credit Losses ($ in thousands) Credit Quality RISK MANAGEMENT Allowance for Credit Losses as a Percentage of Total Loans 30
Slide 31: Risk Management
RISK MANAGEMENT Formal ERM Program including Measures, like Internal Risk Scorecard, External PT Score and Board Risk Appetite Audit Program Cybersecurity Program Enterprise Risk Management Framework is key to balance of Risk and Reward... Compliance Program Fraud Prevention Program BSA Program
Slide 32: Capital
CAPITAL Impacting Lives for Success and Significance
Slide 33: Capital: Leverage and Total Capital Ratios
33 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). 33
Slide 34: Tangible Book Value and Tangible Common Equity
Tangible Book Value CAPITAL Tangible Common Equity 34
Slide 35: Dividend
Dividend CAPITAL 35 * July 21, 2026: Approved an increase in the cash dividend to $0.17 per share, payable on August 18, 2026, to shareholders o f r ecord as of August 4, 2026.
Slide 36: Non-Interest Income Highlights
NON - INTEREST INCOME HIGHLIGHTS Impacting Lives for Success and Significance
Slide 37: Financial Planning / Investment Advisory Services AUM
Financial Planning / Investment Advisory Services AUM (millions) NON - INTEREST INCOME HIGHLIGHTS 37
Slide 38: 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% 39.9% NON - INTEREST INCOME HIGHLIGHTS Thousands 38
Slide 39: Residential Mortgage Banking Production
Residential Mortgage Banking Production (millions) NON - INTEREST INCOME HIGHLIGHTS $135.7 $165.6 $202.7 39 $95.8
Slide 40: Residential Mortgage Banking Revenue and Pre-Tax Income
Pre - tax Profit Margin 2.5% 28.1% 39.5% 43.7% Residential Mortgage Banking Revenue and Pre - Tax Income ($ in thousands) $6,674.9 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 41: Government Guaranteed Lending Production
Government Guaranteed Lending (GGL) Production (millions) NON - INTEREST INCOME HIGHLIGHTS 41 Note: 1) On April 10, 2026, First Community received the Preferred Lender Status from the Small Business Administration. 2) Loan Portfolio Size $59.7 million in loans held - for - investment and $0.0 millio
Slide 42: Government Guaranteed Lending Revenue and Pre-Tax Income
Government Guaranteed Lending (GGL) Revenue and Pre - Tax Income ($ in thousands) NON - INTEREST INCOME HIGHLIGHTS 42 $1,412.6 Note: Pre - Tax Net Income includes funds transfer pricing, ACL and miscellaneous allocations. $1,920.8
Slide 43: Revenue
REVENUE Impacting Lives for Success and Significance
Slide 44: 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 44 $48.3
Slide 45: Total Non-Interest Revenue: Strength in Diversity
(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. 45 $25,138 $23,159
Slide 46: Non-Interest Expense
NON - INTEREST EXPENSE Impacting Lives for Success and Significance
Slide 47: Non-Interest Expense
NON - INTEREST EXPENSE Non - interest Expense (Millions) $53.3 $43.1 $47.5 47 $32.3
Slide 48: Non-Interest Expense
NON - INTEREST EXPENSE Non - interest Expense (Millions) $11.8 $17.0 $13.1 $13.7 $13.8 $12.8 48 $15.3
Slide 49: Net Income
NET INCOME Impacting Lives for Success and Significance
Slide 50: 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 on OREO, gain
Slide 51: Core Net Income / Core EPS 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 53 - 55. Core Net Income 1 / Core EPS 1 / Pre - Tax Pre - Provision Earnings By Quarte
Slide 52: 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 53: 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 54: Non-GAAP Reconciliation
NON - GAAP RECONCILIATION The tables below provide a reconciliation of non - GAAP measures to GAAP for each of the periods indicated: 54 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 55: Non-GAAP Reconciliation
NON - GAAP RECONCILIATION The tables below provide a reconciliation of non - GAAP measures to GAAP for each of the periods indicated: 55 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
Slide 56: Appendix
APPENDIX Impacting Lives for Success and Significance
Slide 57: News Release: Leadership Transition, Second Quarter Results
APPENDIX 57 News Release For Release July 22, 2026 9:00 AM Contact: Michael C. Crapps, Chief Executive Officer and President D. Shawn Jordan, Executive Vice President & Chief Financial Officer or Robin D. Brown, Executive Vice President & Chief Marketing Officer (803) 951 - 2265 First Community Corp
Slide 58: Press Release: Leadership Transition Commentary
APPENDIX 58 Mike Crapps, CEO and President of First Community Corporation, commented on Mr. Nissen’s retirement by saying, “Through his passion and hard work, Ted has contributed so much to so many during his very distinguished career. His contributions to First Community Bank have been significant,
Slide 59: Press Release: Board Chair Commentary
APPENDIX 59 Commenting on the announced leadership transition, First Community board Chair Jimmy Chao said, “The long - term success and sustainability of First Community Bank has been and continues to be an ongoing focus of our company, and we have made it a priority to invest in our people to prep