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First Community Corporation Contact : D. Shawn Jordan , Executive Vice President & Chief Financial Officer or Robin D. Brown , Executive Vice President & Chief Marketing Officer ( 803 ) 951-2265 First Community Corporation Announces First Quarter Results and Cash Dividend Lexington , SC - April 21 , 2021 Highlights for First Quarter 2021 Net income of $ 3.3 million Pre - tax pre - provision earnings of $ 4.3 million Diluted EPS of $ 0.43 per common share News Release For Release April 21 , 2021 9:00 A.M. Pure ( non - CD ) deposit growth , including customer cash management accounts , of $ 103.5 million , a 37.7 % annualized growth rate Total loan growth of $ 24.9 million during the quarter . Loan growth , excluding Paycheck Protection Program ( PPP ) loans and a related credit facility , was $ 7.7 million , a 3.9 % annualized growth rate Key credit quality metrics continued to be strong during the quarter with net loan charge - offs of $ 8 thousand , non - performing assets ratio of 0.38 % , and past due loans of 0.04 % Mortgage revenue of $ 990 thousand Investment advisory revenue of $ 877 thousand . Assets under management exceeded $ 519 million at March 31 , 2021 . Cash dividend of $ 0.12 per common share , the 77th consecutive quarter of cash dividends paid to common shareholders Share Repurchase authorization of 375,000 shares which was previously announced on April 12 , 2021 J. Ted Nissen named President and Chief Banking Officer of First Community Bank as of March 1 , 2021 Today , First Community Corporation ( Nasdaq : FCCO ) , the holding company for First Community Bank , announced earnings and discussed the results of operations and the company's activities during the first quarter of 2021 . First Community reported net income for the first quarter of 2021 of $ 3.3 million with diluted earnings per common share of $ 0.43 . This compares to net income and diluted earnings per common share of $ 3.4 million and $ 0.46 , respectively , on a linked quarter basis and $ 1.8 million and $ 0.24 year - over - year , respectively . Pre - tax pre - provision earnings during the first quarter of 2021 were $ 4.3 million . This compares to pre - tax pre - provision earnings of $ 4.6 million for fourth quarter of 2020 and pre - tax pre - provision earnings of $ 3.3 million for the first quarter of 2020 .