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MERGERS AND ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
The following table presents the assets acquired and liabilities assumed as of October 20, 2017 as recorded by the Company on the acquisition date and initial fair value adjustments.

The following table presents the assets acquired and liabilities assumed as of October 20, 2017 as recorded by the Company on the acquisition date and initial fair value adjustments.
MERGERS AND ACQUISITIONS
(Dollars in thousands, except per share data)  As Recorded by
Cornerstone		   Fair Value
Adjustments		   As Recorded by
the Company		 
Assets               
Cash and cash equivalents   $30,060   $—   $30,060 
Investment securities    44,018    (358)(a)   43,660 
Loans    60,835    (734)(b)   60,101 
Premises and equipment    4,164    573(c)   4,737 
Intangible assets    —    1,810(d)   1,810 
Bank owned life insurance    2,384    —    2,384 
Other assets    3,082    (452)(e)   2,630 
Total assets   $144,543   $839   $145,382 
                
Liabilities               
Deposits:               
Non-interest bearing  $27,296   $—   $27,296 
Interest-bearing    99,152    150(f)   99,302 
Total deposits    126,448    150    126,598 
Securities sold under agreements to repurchase    849    —    849 
Other liabilities    320    96(g)   416 
Total liabilities    127,617    246    127,863 
Net identifiable assets acquired over liabilities assumed    16,926    593    17,519 
Goodwill    —    9,558    9,558 
Net assets acquired over liabilities assumed   $16,926   $10,151   $27,077 
                
Consideration:               
First Community Corporation common shares issued    877,364           
Purchase price per share of the Company’s common stock   $22.05           
   $19,346           
Cash exchanged for stock and fractional shares    7,731           
Fair value of total consideration transferred   $27,077           
Business Acquisition, Pro Forma Information [Table Text Block]

MERGERS AND ACQUISITIONS (Details 2)
(Dollars in thousands)  Pro Forma
Twelve Months
Ended
December 31,
2017		         Pro Forma
Twelve Months
Ended
December 31,
2016		 
Total revenues (net interest income plus noninterest income)   $43,602   $41,300 
Net income   $6,791   $7,750