Subsequent Events	6 Months Ended
Jun. 30, 2014
Subsequent Events	Note 14. Subsequent Events On August 6, 2014, the Company entered into a Purchase and Assumption Agreement with CresCom Bank, Charleston, South Carolina, in which First Community Bank is selling a total of 13 branches to CresCom. Ten of the branches being sold are located in the southeastern, coastal region of North Carolina and the other three are in South Carolina. The 13 branches currently have deposit totals of approximately $230 million and loan totals of approximately $59 million. The loans being sold are not subject to the Company’s loss share agreement with the FDIC in connection with its purchase and assumption of Waccamaw Bank. Subject to regulatory approval and the satisfaction of customary closing conditions, the transaction is expected to close in the fourth quarter of 2014. On July 30, 2014, the Company prepaid $35 million of a $50 million FHLB convertible advance due in May 2017. The advance bears an interest rate of 4.21% and the prepayment resulted in a pre-tax penalty of approximately $3.05 million.

Subsequent Events

6 Months Ended

Jun. 30, 2014

Note 14. Subsequent Events

On August 6, 2014, the Company entered into a Purchase and Assumption Agreement with CresCom Bank, Charleston, South Carolina, in which First Community Bank is selling a total of 13 branches to CresCom. Ten of the branches being sold are located in the southeastern, coastal region of North Carolina and the other three are in South Carolina. The 13 branches currently have deposit totals of approximately $230 million and loan totals of approximately $59 million. The loans being sold are not subject to the Company’s loss share agreement with the FDIC in connection with its purchase and assumption of Waccamaw Bank. Subject to regulatory approval and the satisfaction of customary closing conditions, the transaction is expected to close in the fourth quarter of 2014.

On July 30, 2014, the Company prepaid $35 million of a $50 million FHLB convertible advance due in May 2017. The advance bears an interest rate of 4.21% and the prepayment resulted in a pre-tax penalty of approximately $3.05 million.