XML 52 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1

LOANS (Tables)

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Schedule of Loan Portfolio

Schedule of Loan Portfolio

		December 31,
(Dollars in thousands)		2024				2023
Commercial		$	86,616			$	78,134
Real estate:
Construction			152,155				118,225
Mortgage-residential			124,751				94,796
Mortgage-commercial			796,411				791,947
Consumer:
Home equity			42,304				34,752
Other			18,305				16,165
Total		$	1,220,542			$	1,134,019

Schedule of Amortized Cost of Loans, by Loan Category, Modified for Borrowers with Financial Difficulty

Activity in the allowance for credit losses – loans was as follows:

Schedule of Allowance for Credit Losses

		Years ended December 31,
(Dollars in thousands)		2024				2023				2022
Balance at the beginning of year		$	12,267			$	11,336			$	11,179
Adjustment for adoption of ASU 2016-13			—				(14	)			—
Provision for (release of) credit losses			933				939				(152	)
Charged off loans			(184	)			(87	)			(68	)
Recoveries			119				93				377
Balance at end of year		$	13,135			$	12,267			$	11,336

Note 4—LOANS (Continued)

The detailed activity in the allowance for credit losses on loans by portfolio segment as of and for the years ended December 31, 2024, December 31, 2023, and December 31, 2022 follows:

($ in thousands)		Commercial				Real Estate Construction				Real Estate Mortgage Residential				Real Estate Mortgage Commercial				Consumer Home Equity				Consumer Other				Total Loans
Balance at December 31, 2023		$	935			$	1,337			$	1,122			$	8,146			$	472			$	255			$	12,267
Charge-offs			(87	)			—				—				(2	)							(95	)			(184	)
Recoveries			61				2				18				11				9				18				119
Provision for credit losses			85				336				499				(181	)			87				107				933
Balance at December 31, 2024		$	994			$	1,675			$	1,639			$	7,974			$	568			$	285			$	13,135

($ in thousands)		Commercial				Real Estate Construction				Real Estate Mortgage Residential				Real Estate Mortgage Commercial				Consumer Home Equity				Consumer Other				Unallocated				Total Loans
Balance at December 31, 2022		$	849			$	75			$	723			$	8,569			$	314			$	170			$	636			$	11,336
Adjustment to allowance for adoption of ASU 2016-13			193				1,075				32				(883	)			166				39				(636	)			(14	)
Charge-offs			(20	)			—				—				—				—				(67	)			—				(87	)
Recoveries			5				2				9				37				22				18				—				93
Provision for credit losses			(92	)			185				358				423				(30	)			95				—				939
Balance at December 31, 2023		$	935			$	1,337			$	1,122			$	8,146			$	472			$	255				—			$	12,267
(Dollars in thousands)		Commercial				Real estate Construction				Real estate Mortgage Residential				Real estate Mortgage Commercial				Consumer Home equity				Consumer Other				Unallocated				Total
2022
Allowance for credit losses:
Beginning balance		$	853			$	113			$	560			$	8,570			$	333			$	126			$	624			$	11,179
Charge-offs			—				—				—				—				(1	)			(67	)			—				(68	)
Recoveries			17				—				6				325				13				16				—				377
Provisions			(21	)			(38	)			157				(326	)			(31	)			95				12				(152	)
Ending balance		$	849			$	75			$	723			$	8,569			$	314			$	170			$	636			$	11,336

The following table presents an allocation of the allowance for credit losses at the end of each of the past three years. The allocation is calculated on an approximate basis and is not necessarily indicative of future losses or allocations. The entire amount is available to absorb losses occurring in any category of loans.

Note 4—LOANS (Continued)

The following tables show the amortized cost basis for loan modifications for borrowers experiencing financial difficulty during the 12 months ended December 31, 2024 and 2023 that had a payment default, segregated by loan category and describes the financial effect of the modification made for a borrower experiencing financial difficulty.

Schedule of Amortized Cost of Loans, by Loan Category, Modified for Borrowers with Financial Difficulty

		December 31, 2024
(Dollars in thousands)		Amortized cost basis				% of Total Loan Type				Financial effect
Real Estate Mortgage Residential		$	355				0.28	%		Deferred monthly payments that are added to the end of the original loan term
Real Estate Mortgage Residential			217				0.17	%		Deferred interest payments added to principal balance, re-amortized loan
Total Loans		$	572				0.46	%

The following table depicts the performance of loans that have been modified for borrowers experiencing financial difficulty in the last 12 months.

(Dollars in thousands)						30-89 Days				Greater than 90 Days
December 31, 2024		Current				Past Due				Past Due
Real Estate Mortgage Residential		$	572			$	—			$	—
Total Loans		$	572			$	—			$	—

The following table shows the amortized cost basis at December 31, 2023 of the loans modified for borrowers experiencing financial difficulty during the 12 month period ended December 31, 2023 that had a payment default segregated by loan category and describes the financial effect of the modification made for a borrower experiencing financial difficulty.

		December 31, 2023
(Dollars in thousands)		Amortized cost basis				% of Total Loan Type				Financial effect
Real Estate Mortgage Residential			200				0.21	%		Deferred two monthly payments that are added to the end of the original loan term.
Total Loans		$	200				0.21	%

The following table depicts the performance of loans that have been modified prior to December 31, 2023.

(Dollars in thousands)						30-89 Days				Greater than 90 Days
December 31, 2023		Current				Past Due				Past Due
Real Estate Mortgage Residential		$	—			$	200			$	—
Total Loans		$	—			$	200			$	—

Schedule of Amortized Cost of Loans, by Loan Category, Modified for Borrowers with Financial Difficulty

Schedule of loan category and loan by risk categories

The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination as of December 31, 2024:

Schedule of loan category and loan by risk categories

		Term Loans by year of Origination
($ in thousands)		2020				2021				2022				2023				2024				Prior				Revolving				Revolving Converted to Term				Total
Commercial
Pass		$	605			$	20,288			$	7,084			$	8,336			$	21,808			$	8,100			$	20,359			$	36			$	86,616
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Total commercial			605				20,288				7,084				8,336				21,808				8,100				20,359				36				86,616
Current period gross write-offs			5				77				—				—				—				5				—				—				87
Real estate construction
Pass			—				2,295				44,290				44,022				27,213				6,231				28,104				—				152,155
Total real estate construction			—				2,295				44,290				44,022				27,213				6,231				28,104				—				152,155
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Real estate mortgage-residential
Pass			9,240				5,191				32,422				28,983				14,492				8,012				872				24,775				123,987
Special mention			21				—				358				—				—				167				—				—				546
Substandard			—				—				—				—				—				218				—				—				218
Total real estate mortgage-residential			9,261				5,191				32,780				28,983				14,492				8,397				872				24,775				124,751
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Real estate mortgage-commercial
Pass			79,977				118,415				190,140				115,525				76,754				196,793				17,949				582				796,135
Special mention			—				—				—				—				—				207				—				—				207
Substandard			—				—				—				—				—				69				—				—				69
Total real estate mortgage-commercial			79,977				118,415				190,140				115,525				76,754				197,069				17,949				582				796,411
Current period gross write-offs			—				2				—				—				—				—				—				—				2
Consumer - home equity
Pass			—				—				—				—				—				—				41,081				—				41,081
Special mention			—				—				—				—				—				—				160				—				160
Substandard			—				—				—				—				—				—				1,063				—				1,063
Total consumer - home equity			—				—				—				—				—				—				42,304				—				42,304
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Consumer - other
Pass			22				251				607				1,128				4,359				1,225				10,696				—				18,288
Special mention			—				—				—				14				—				—				—				—				14
Substandard			—				—				—				—				3				—				—				—				3
Total consumer - other			22				251				607				1,142				4,362				1,225				10,696				—				18,305
Current period gross write-offs			—				—				—				—				7				—				88				—				95

Note 4—LOANS (Continued)

The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination as of December 31, 2023:

		Term Loans by year of Origination
($ in thousands)		2019				2020				2021				2022				2023				Prior				Revolving				Revolving Converted to Term				Total
Commercial
Pass		$	1,149			$	1,375			$	23,226			$	9,018			$	12,950			$	9,230			$	21,033			$	49			$	78,030
Special mention			—				—				—				—				—				26				—				—				26
Substandard			—				—				78				—				—				—				—				—				78
Total commercial			1,149				1,375				23,304				9,018				12,950				9,256				21,033				49				78,134
Current period gross write-offs			—				20				—				—				—				—				—				—				20
Real estate construction
Pass			6,864				—				5,074				39,514				47,992				—				18,781				—				118,225
Total real estate construction			6,864				—				5,074				39,514				47,992				—				18,781				—				118,225
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Real estate mortgage-residential
Pass			1,894				10,548				6,219				28,843				28,517				8,420				977				8,962				94,380
Special mention			—				25				—				—				—				177				—				—				202
Substandard			—				—				—				—				—				214				—				—				214
Total real estate mortgage-residential			1,894				10,573				6,219				28,843				28,517				8,811				977				8,962				94,796
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Real estate mortgage-commercial
Pass			47,962				95,120				136,892				201,380				106,125				189,983				14,038				329				791,829
Special mention			—				—				—				—				—				21				—				—				21
Substandard			—				—				—				—				—				97				—				—				97
Total real estate mortgage-commercial			47,962				95,120				136,892				201,380				106,125				190,101				14,038				329				791,947
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Consumer - home equity
Pass			—				—				—				—				—				—				33,621				—				33,621
Special mention			—				—				—				—				—				—				67				—				67
Substandard			—				—				—				—				—				—				1,064				—				1,064
Total consumer - home equity			—				—				—				—				—				—				34,752				—				34,752
Current period gross write-offs			—				—				—				—				—				—				—				—				—
Consumer - other
Pass			420				203				435				1,164				2,043				902				10,982				—				16,149
Special mention			—				—				—				—				16				—				—				—				16
Substandard			—				—				—				—				—				—				—				—				—
Total consumer - other			420				203				435				1,164				2,059				902				10,982				—				16,165
Current period gross write-offs			—				—				—				—				—				—				67				—				67

Schedule of Loan Category and Aging Analysis of Loans

The following tables are by loan category and present loans past due and on non-accrual status as of December 31, 2024 and December 31, 2023:

Schedule of Loan Category and Aging Analysis of Loans

(Dollars in thousands) December 31, 2024		30-59 Days Past Due				60-89 Days Past Due				Greater than 90 Days and Accruing				Nonaccrual				Total Past Due				Current				Total Loans
Commercial		$	61			$	—			$	—			$	—			$	61			$	86,555			$	86,616
Real estate:
Construction			—				—				—				—				—				152,155				152,155
Mortgage-residential			14				—				—				217				231				124,520				124,751
Mortgage-commercial			—				87				—				—				87				796,324				796,411
Consumer:
Home equity			—				391				45				2				438				41,866				42,304
Other			1				—				3				—				4				18,301				18,305
Total		$	76			$	478			$	48			$	219			$	821			$	1,219,721			$	1,220,542
(Dollars in thousands) December 31, 2023		30-59 Days Past Due				60-89 Days Past Due				Greater than 90 Days and Accruing				Nonaccrual				Total Past Due				Current				Total Loans
Commercial		$	19			$	7			$	—			$	24			$	50			$	78,084			$	78,134
Real estate:
Construction			—				—				—				—				—				118,225				118,225
Mortgage-residential			244				15				214				—				473				94,323				94,796
Mortgage-commercial			67				124				—				—				191				791,756				791,947
Consumer:
Home equity			—				—				—				3				3				34,749				34,752
Other			22				—				1				—				23				16,142				16,165
Total		$	352			$	146			$	215			$	27			$	740			$	1,133,279			$	1,134,019

Schedule of Nonaccrual Loans

The following table is a summary of the Company’s non-accrual loans by major categories for the periods indicated.

Schedule of Nonaccrual Loans

		December 31, 2024																December 31, 2023
(Dollars in thousands)		Non-Accrual Loans with No Allowance				Non-Accrual Loans with an Allowance				Total Non-Accrual Loans				Non-Accrual Loans with No Allowance				Non-Accrual Loans with an Allowance				Total Non-Accrual Loans
Commercial		$	—			$	—			$	—			$	—			$	24			$	24
Real Estate:			—				—				—				—				—				—
Construction			—				—				—				—				—				—
Mortgage-Residential			—				217				217				—				—				—
Mortgage-Commercial			—				—				—				—				—				—
Consumer Home Equity			—				2				2				—				3				3
Consumer Other			—				—				—				—				—				—
Total		$	—			$	219			$	219			$	—			$	27			$	27

Schedule of Related Party Loans

Related party loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated persons and generally do not involve more than the normal risk of collectability. The following table presents related party loan transactions for the years ended December 31, 2024 and December 31, 2023.

Schedule of Related Party Loans

		For the years ended December 31,
(Dollars in thousands)		2024				2023
Balance, beginning of year		$	1,058			$	2,189
New Loans			—				—
Less loan repayments			604				1,131
Balance, end of year		$	454			$	1,058

The following table presents the balance and activity in the allowance for credit losses for unfunded loan commitments for the year ended December 31, 2024.

The following table presents the balance and activity in the allowance for credit losses for unfunded loan commitments for the year ended December 31, 2024.

(Dollars in thousands)		Total Allowance for Credit Losses - Unfunded Commitments
Balance, December 31, 2023		$	597
Release of unfunded commitments			(117	)
Balance, December 31, 2024		$	480

The following table presents the balance and activity in the allowance for credit losses for unfunded loan commitments for the year ended December 31, 2023.

(Dollars in thousands)		Total Allowance for Credit Losses - Unfunded Commitments
Balance, December 31, 2022		$	—
Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13			398
Provision for unfunded commitments			199
Balance, December 31, 2023		$	597

X

- References

No definition available.

+ Details

Name:	fcco_ScheduleOfUnfundedCommitmentsTableTextBlock
Namespace Prefix:	fcco_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-29

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-5

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of information about loans and leases receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-2

+ Details

Name:	us-gaap_LoansAndLeasesReceivableDisclosureTable
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-7A

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-7

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-14

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 80
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-80

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivable on nonaccrual status.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-16

+ Details

Name:	us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration