Corporate Profile

First Community Corporation is the holding company for First Community Bank of East Tennessee. As of December 31, 2022, the company had assets of $206 million. The Bank, founded in 1993, is a Tennessee state chartered, community-focused financial institution. We provide value added relationship banking through 4 locations as well as digital/mobile channels.  Locations include branches in Rogersville, Church Hill, and Kingsport.

First Community Corporation Announces an Update to Total Shares Outstanding

As of July 31, 2023, the total number of outstanding shares for First Community Corporation was 1,861,581.

2023 Annual Shareholder Meeting

Tuesday, June 13, 2023, at 9:00 a.m. local time.
Hawkins County Natural Gas 
202 Park Boulevard, Rogersville, Tennessee, 37857

For those unable to attend in person:

Join the Zoom Meeting

https://us02web.zoom.us/j/83342022833?pwd=UFV2Q1VHeWl3RDByOG01S3FUYlFvUT09
+1(929)205-6099
Meeting ID: 833 4202 2833
Passcode: 025167
Find your local number: https://us02web.zoom.us/u/kbh9BwFH4Y

2022 Proxy Statement
2022 Annual Report

First Community Corporation Purchases FCC Common Stock

On February 22, 2023, First Community Corporation purchased 35,250 shares of the Corporation’s common stock from its wholly owned subsidiary, First Community Bank of East Tennessee. This purchase decreased the number of common shares outstanding from 1,650,812 to 1,615,562 as detailed below.

2022 Shareholder Dividend Announced

On November 22, 2022, the Board of Directors of First Community Corporation approved a cash dividend to be paid to our shareholders. Shareholders of Record as of December 13, 2022, will receive the following annual cash dividend:

• FCCT – Common stock (no par value) shareholders:
  Twenty-five cents ($0.25) per share
• FCCTP – Series A Preferred stock ($8.05 par value) shareholders:
  Twenty-six point two five cents ($0.2625) per share
• FCCTO – Series B Preferred stock ($8.05 par value) shareholders:
  Twenty-seven point five zero cents ($0.2750) per share

Thank you for your dedication to the Corporation over the years.  Providing shareholder value is important to us, and we appreciate your loyalty.

2022 Shareholder Dividend:
FCC Shareholder Dividend Notification Letter

Stock Transfer Agent Information

First Community Corporation uses Pacific Stock Transfer Company as its stock transfer agent. For help with stock certifications, address changes, etc. please contact PST at:”

Shareholder Services
PH: 800-785-7782
EMAIL: info@pacificstocktransfer.com

MAIL:
Pacific Stock Transfer Company
Global Operations
6725 Via Austi Pkwy, Suite 300
Las Vegas, Nevada 89119

PH:
800-785-7782
11:00 a.m. to 7:30 p.m. EST

EMAIL: info@pacificstocktransfer.com

WEB:     www.pacificstocktransfer.com

FCC offers Direct Deposit of Dividend Distributions

First Community Corporation is pleased to offer Direct Deposit of dividend distributions. Direct Deposit safeguards against misplaced, lost, or stolen checks, and it helps you to receive your payments faster.

When you participate in Direct Deposit, funds are electronically transmitted to your account on the same day checks are mailed to shareholders without Direct Deposit.  There is no need to wait until your check arrives in the mail, and no need to make a trip to your bank.

Shareholders whose distributions are directly deposited should be sure that the name on the Direct Deposit Form matches the name on the bank account. Shareholders should also continue to update their addresses with the Bank and Pacific Stock Transfer (our Stock Transfer Agent).  Failure to do so typically results in First Community Corporation mail being returned as undeliverable. When this occurs, dividend distributions are held and may be turned over to the State as Unclaimed Property.

FCC Direct Deposit Form

2021 Shareholder Dividend Announced

On November 23, 2021, the Board of Directors of First Community Corporation approved a cash dividend to be paid to our shareholders. This dividend was paid on December 17, 2021, to Shareholders of Record as of December 10, 2020. They received the following annual cash dividend:

• FCCT – Common stock (no par value) shareholders:
  Twenty-five cents ($0.25) per share
• FCCTP – Series A Preferred stock ($8.05 par value) shareholders:
  Twenty-six point two five cents ($0.2625) per share
• FCCTO – Series B Preferred stock ($8.05 par value) shareholders:
  Twenty-seven point five zero cents ($0.2750) per share

Thank you for your dedication to the Corporation over the years.  Providing shareholder value is important to us, and we appreciate your loyalty.

2020 Shareholder Dividend Announced

On November 30, 2020, the Board of Directors of First Community Corporation approved a cash dividend to be paid to our shareholders. This dividend was paid on December 23, 2020, to Shareholders of Record as of December 15, 2020. They received the following annual cash dividend:

• FCCT – Common stock (no par value) shareholders:
  Twenty-five cents ($0.25) per share
• FCCTP – Series A Preferred stock ($8.05 par value) shareholders:
  Twenty-six point two five cents ($0.2625) per share
• FCCTO – Series B Preferred stock ($8.05 par value) shareholders:
  Twenty-seven point five zero cents ($0.2750) per share

Thank you for your dedication to the Corporation over the years.  Providing shareholder value is important to us, and we appreciate your loyalty.

2019 Shareholder Dividend Announced

On October 23, 2019, the Board of Directors of First Community Corporation approved a cash dividend to be paid to our shareholders. This dividend was paid on December 20, 2019, to Shareholders of Record as of December 10, 2019. They received the following annual cash dividend:

• FCCT – Common stock (no par value) shareholders:
  Twenty five cents ($0.25) per share
•  FCCTP – Series A Preferred stock ($8.05 par value) shareholders:
  Twenty six point two five cents ($0.2625) per share
• FCCTP – Series B Preferred stock ($8.05 par value) shareholders:
  Twenty seven point five zero cents ($0.2750) per share

Thank you for your dedication to the Corporation over the years.  Providing shareholder value is important to us, and we appreciate your loyalty.

First Community Corporation pays down TruPS in 2019

In March 2019, First Community Corporation (FCC), the holding company of First Community Bank, made a $1,000,000 payment on the outstanding Trust Preferred Securities (TruPS) debt owed of $6,000,000.  This pay-down was a voluntary optional election of the Corporation and is not predictive of future decisions regarding payment of the TruPS.  This leaves a remaining balance of $5,000,000 in TruPS obligations due by the holding company.

First Community Corporation pays down TruPS in 2018

In March 2018, First Community Corporation (FCC), the holding company of First Community Bank, made a $1,000,000 payment on the outstanding Trust Preferred Securities (TruPS) debt owed of $7,000,000.  This pay-down was a voluntary optional election of the Corporation and is not predictive of future decisions regarding payment of the TruPS.  This leaves a remaining balance of $6,000,000 in TruPS obligations due by the holding company.

Corporate Profile:

First Community Corporation (the Holding Company) through its wholly owned subsidiary, First Community Bank of East Tennessee (the Bank), provides a variety of banking services to individuals and businesses from its banking offices in Rogersville, Church Hill, and Kingsport, Tennessee. Its primary deposit products are demand and savings deposits and certificates of deposit, and its primary lending products are commercial, residential real estate and consumer loans. The accounting principles followed and the methods of applying those principles conform with the accounting principles generally accepted in the United States of America (GAAP) and to general practices in the banking industry.

2021 Shareholder Dividend:
FCC Shareholder Dividend Notification Letter

2020 Shareholder Dividend:
FCC Shareholder Dividend Notification Letter

2019 Shareholder Dividend:
FCC Shareholder Dividend Notification Letter

2018 Shareholder Dividend:
FCC Shareholder Dividend Notification Letter

2017 Shareholder Dividend:
FCC Shareholder Dividend Notification Letter

Recent Reports:
2021 Annual Report
2021 Proxy Statement

Past Reports:

2020 Annual Report
2020 Proxy Statement
2019 Annual Report
2019 Proxy Statement
2018 Annual Report
2018 Proxy Statement
2017 Annual Report
2017 Proxy Statement
2016 Annual Report
2016 Proxy Statement
2015 Annual Report

Contact Information:

First Community Corporation
P.O. Box 820
Rogersville, TN 37857
(423) 272-5800

Shareholder Support
Matt Cradic
(423) 272-5800

Raymond James and Associates, Inc.
Market Maker for First Community Corporation Stock
Lou C. Coines
Financial Institutions Sales & Trading
222 South Riverside Plaza, 7th Floor
Chicago, Illinois 60606
(800) 800-4693
lou.coines@raymondjames.com

OTCMarkets
OTCMarkets contains information about First Community Corporation stock (Profile, Prices, etc.)
www.otcmarkets.com/home

Stock Symbols
FCCT – First Community Corporation (Common)
FCCTP – First Community Corporation (Preferred A)
FCCTO – First Community Corporation (Preferred B)