XML 62 R50.htm IDEA: XBRL DOCUMENT
v3.23.1

PARENT COMPANY FINANCIAL INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | Condensed Balance Sheets
PARENT COMPANY FINANCIAL INFORMATION |
|  | At December 31, |
(Dollars in thousands) |  | 2022 |  |  | 2021 |
Assets: |  |  |  |  |  |
Cash on deposit |  | $ | 3,870 |  |  | $ | 3,335 |
Interest bearing deposits |  |  | — |  |  |  | — |
Securities purchased under agreement to resell |  |  | — |  |  |  | — |
Investment in bank subsidiary |  |  | 128,392 |  |  |  | 151,519 |
Other |  |  | 1,288 |  |  |  | 1,353 |
Total assets |  | $ | 133,550 |  |  | $ | 156,207 |
Liabilities: |  |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 14,964 |  |  | $ | 14,964 |
Other |  |  | 225 |  |  |  | 245 |
Total liabilities |  |  | 15,189 |  |  |  | 15,209 |
Shareholders’ equity |  |  | 118,361 |  |  |  | 140,998 |
Total liabilities and shareholders’ equity |  | $ | 133,550 |  |  | $ | 156,207 |
Condensed Statements of Operations | Condensed Statements of Operations
PARENT COMPANY FINANCIAL INFORMATION (Details 2) |
|  | Year ended December 31, |
(Dollars in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Income: |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 21 |  |  | $ | 13 |  |  | $ | 17 |
Equity in undistributed earnings of subsidiary |  |  | 11,431 |  |  |  | 12,386 |  |  |  | 6,759 |
Dividend income from bank subsidiary |  |  | 4,463 |  |  |  | 4,019 |  |  |  | 4,158 |
Total income |  |  | 15,915 |  |  |  | 16,418 |  |  |  | 10,934 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 675 |  |  |  | 416 |  |  |  | 536 |
Other |  |  | 974 |  |  |  | 772 |  |  |  | 518 |
Total expense |  |  | 1,649 |  |  |  | 1,188 |  |  |  | 1,055 |
Income before taxes |  |  | 14,266 |  |  |  | 15,230 |  |  |  | 9,879 |
Income tax benefit |  |  | (347 | ) |  |  | (235 | ) |  |  | (219 | )
Net income |  | $ | 14,613 |  |  | $ | 15,465 |  |  | $ | 10,099 |
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
PARENT COMPANY FINANCIAL INFORMATION (Details 3) |
|  | Year ended December 31, |
(Dollars in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 14,613 |  |  | $ | 15,465 |  |  | $ | 10,099 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiary |  |  | (11,431 | ) |  |  | (12,386 | ) |  |  | (6,759 | )
Other-net |  |  | 233 |  |  |  | 145 |  |  |  | 42 |
Net cash provided by operating activities |  |  | 3,415 |  |  |  | 3,224 |  |  |  | 3,382 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Purchase of investments at cost |  |  | (188 | ) |  |  | (87 | ) |  |  | — |
Net cash provided by investing activities |  |  | (188 | ) |  |  | (87 | ) |  |  | — |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid: common stock |  |  | (3,913 | ) |  |  | (3,593 | ) |  |  | (3,573 | )
Repurchase of common stock |  |  | — |  |  |  | — |  |  |  | — |
Proceeds from issuance of common stock |  |  | 28 |  |  |  | 46 |  |  |  | 4 |
Dividend Reinvestment Plan |  |  | 388 |  |  |  | 368 |  |  |  | 372 |
Change in non-vested restricted stock |  |  | 507 |  |  |  | — |  |  |  | — |
Restricted stock units granted |  |  | 1,447 |  |  |  | — |  |  |  | — |
Restricted shares surrendered |  |  | (42 | ) |  |  | (70 | ) |  |  | (15 | )
Deferred compensation shares |  |  | (1,106 | ) |  |  | 90 |  |  |  | 200 |
Net cash used in financing activities |  |  | (2,691 | ) |  |  | (3,159 | ) |  |  | (3,012 | )
Increase (decrease) in cash and cash equivalents |  |  | 536 |  |  |  | (22 | ) |  |  | 370 |
Cash and cash equivalents at beginning of year |  |  | 3,335 |  |  |  | 3,357 |  |  |  | 2,987 |
Cash and cash equivalents at end of year |  | $ | 3,871 |  |  | $ | 3,335 |  |  | $ | 3,357 |

X
- References No definition available. + Details
Name: | fcco_DisclosureParentCompanyFinancialInformationDetails2Abstract
Namespace Prefix: | fcco_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | fcco_DisclosureParentCompanyFinancialInformationDetails3Abstract
Namespace Prefix: | fcco_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | fcco_DisclosureParentCompanyFinancialInformationDetailsAbstract
Namespace Prefix: | fcco_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration