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First Community Corporation First Community Corporation Announces Second Quarter Results and Cash Dividend Highlights for Second Quarter of 2021 News Release For Release July 21 , 2021 9:00 A.M. Contact : ( 803 ) 951-2265 D. Shawn Jordan , EVP & Chief Financial Officer or Robin D. Brown , EVP & Chief Marketing Officer Net income of $ 3.543 million , up 59.8 % year - over - year and 8.8 % linked quarter . Pre - tax pre - provision earnings of $ 4.632 million , up 15.8 % year - over year and 7.1 % linked quarter . Diluted EPS of $ 0.47 per common share for the quarter and $ 0.90 year - to - date through June 30 , 2021 . Total loans increased during the second quarter by $ 9.3 million , an annualized growth rate of 4.3 % . Excluding Paycheck Protection Program ( PPP ) loans and a related credit facility , loan growth was $ 24.7 million , a 12.3 % annualized growth rate . Pure deposit growth , including customer cash management , of $ 19.3 million , an annualized growth rate of 6.4 % on a linked quarter . Investment advisory line of business revenue of $ 957 thousand , an increase of 42.6 % year - over - year and 9.1 % linked quarter . Net interest margin on a tax equivalent basis of 3.20 % , including PPP loans and 3.11 % excluding PPP loans . Cash dividend of $ 0.12 per common share , which is the 78th consecutive quarter of cash dividends paid to common shareholders . Lexington , SC - July 21 , 2021 Today , First Community Corporation ( Nasdaq : FCCO ) , the holding company for First Community Bank , reported net income for the second quarter of 2021 of $ 3.543 million as compared to $ 2.217 million in the second quarter of 2020 , an increase of 59.8 % year - over - year . Diluted earnings per common share were $ 0.47 for the second quarter of 2021 as compared to $ 0.30 for the second quarter of 2020 , an increase of 56.7 % . On a linked quarter basis , net income increased 8.8 % from $ 3.255 million in the first quarter of 2021 and diluted earnings per common share increased 9.3 % from $ 0.43 . Pre - tax pre - provision earnings or PTPPE in the second quarter of 2021 were $ 4.632 million compared to second quarter of 2020 PTPPE of $ 3.999 million and first quarter 2021 PTPPE of $ 4.323 million , an increase of 15.8 % and 7.1 % respectively . Year - to - date through June 30 , 2021 net income was $ 6.798 million compared to $ 4.011 million during the first six months of 2020 , an increase of 69.5 % . Diluted earnings per share for the first half of 2021 were $ 0.90 , compared to $ 0.54 during the same time period in 2020 , an increase of 66.7 % . Year - to - date through June 30 , 2021 PTPPE were $ 8.955 million compared to $ 7.306 million during the first half of 2020 , an increase of 22.6 % .