First Community (First Community) Total Assets : $1,886.99 Mil (As of Mar. 2024)

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What is First Community Total Assets?

First Community's Total Assets for the quarter that ended in Mar. 2024 was $1,886.99 Mil.

Warning Sign:

If a company builds assets at 12.6% a year, faster than its revenue growth rate of 5.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, First Community's average Total Assets Growth Rate was 12.00% per year. During the past 3 years, the average Total Assets Growth Rate was 14.30% per year. During the past 5 years, the average Total Assets Growth Rate was 12.60% per year. During the past 10 years, the average Total Assets Growth Rate was 12.20% per year.

During the past 13 years, First Community's highest 3-Year average Total Assets Growth Rate was 66.90%. The lowest was -16.20%. And the median was 13.80%.

Total Assets is connected with ROA %. First Community's annualized ROA % for the quarter that ended in Mar. 2024 was 0.56%. Total Assets is also linked to Revenue through Asset Turnover. First Community's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

First Community Total Assets Historical Data

The historical data trend for First Community's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Community Total Assets Chart

First Community Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,170.28

1,395.38

1,584.51

1,672.95

1,827.69

First Community Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															1,735.40	1,740.98	1,793.72	1,827.69	1,886.99

First Community Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

First Community's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	131.059	+	1696.629
	=	1,827.69

First Community's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	133.493	+	1753.498
	=	1,886.99

First Community (NAS:FCCO) Total Assets Explanation

Total Assets is connected with ROA %.

First Community's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	10.388	/	( (1827.688	+	1886.991)	/ 2 )
	=	10.388	/	1857.3395
	=	0.56 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

First Community's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	14.092	/	( (1827.688	+	1886.991)	/ 2 )
=	14.092	/	1857.3395
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

First Community Total Assets Related Terms

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First Community (First Community) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Community Corp (NAS:FCCO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5455 Sunset Boulevard, Lexington, SC, USA, 29072

Website

https://www.firstcommunitysc.com

First Community Corp is a bank holding company, which provides commercial banking services. It is engaged in the general commercial and retail banking business characterized by personalized service and local decision making, emphasizing the banking needs of small to medium-sized businesses, professional concerns, and individuals. It operates through following segments: Commercial and Retail Banking; Mortgage Banking; Investment Advisory and Non-Deposit; and Corporate. It offers checking, savings, money market, individual retirement, and certificates of deposit accounts. Its lending lines include consumer loans, real estate loans, home improvement loans, home loans, flex loans, construction loans, agricultural loans, and others.

Executives

E. Leland Reynolds	director	5455 SUNSET BLVD, LEXINGTON SC 29072
Michael C Crapps	director, officer: President & CEO	C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Jan H Hollar	director	300 E. BROAD ST., STATESVILLE NC 28677
Edward J. Tarver	director	C/O FIRST COMMUNITY CORPORATION, 5455 SUNSET BLVD, LEXINGTON SC 29072
Mickey Layden	director	5455 SUNSET BLVD., LEXINGTON SC 29072
Ray E Jones	director	5455 SUNSET BLVD., LEXINGTON SC 29072
Jane S Sosebee	director	C/O PALMETTO BANCSHARES, INC., 306 EAST NORTH STREET, GREENVILLE SC 29601
Tanya A Butts	officer: Executive Vice Pres	104 S. MAIN STREET, GREENVILLE SC 29601
Jack W. Walker	officer: EVP and Chief Credit Officer	C/O FIRST COMMUNITY CORPORATION, 5455 SUNSET BLVD, LEXINGTON SC 29072
Donald Shawn Jordan	officer: EVP and CFO	C/O FIRST COMMUNITY CORPORATION, 5455 SUNSET BLVD, LEXINGTON SC 29072
Thomas Carlton Brown	director	C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
David K Proctor	officer: Senior Vice President	C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Joseph G Sawyer	officer: Senior Vice President & CFO	C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Richard K Bogan	director	C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Anita B Easter	director	C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071