FCCOMEDIUM SIGNALOPPORTUNITY10-K

FCCO demonstrated strong operational performance with 38% net income growth, improved cash flow generation, and successful balance sheet expansion while maintaining stable asset quality.

The company's financial metrics show robust growth across key performance indicators, with particularly strong improvement in operating cash flow (+72%) suggesting enhanced operational efficiency. The increase in outstanding shares from 7.7M to 9.4M indicates potential capital raising activities that funded balance sheet growth, while the higher lending limit ($29.0M vs $26.6M) reflects improved capitalization and expanded lending capacity.

Comparing 2026-03-16 vs 2025-03-14View on EDGAR →
FINANCIAL ANALYSIS

FCCO delivered strong financial performance with net income rising 38% to $19.2M while simultaneously reducing credit loss provisions by 23%, indicating both growth and improving asset quality. Operating cash flow surged 72% to $18.7M, demonstrating enhanced cash generation capabilities. Stockholders' equity grew 16% to $167.6M alongside modest asset growth to $2.1B, suggesting the company is building capital strength while expanding its market presence across its four regional markets.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
+71.9%
$10.9M→$18.7M

Operating cash flow surged 71.9% — exceptional cash generation, highest quality earnings signal.

Net Income
P&L
+37.6%
$14.0M→$19.2M

Net income grew 37.6% — bottom-line growth signals improving overall business health.

Provision for Credit Losses
P&L
-22.6%
$933K→$722K

Provisions reduced 22.6% — improving credit quality or reserve release boosting reported earnings.

Stockholders Equity
Balance Sheet
+16%
$144.5M→$167.6M

Equity base grew 16% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2026-03-16
PRIOR — 2025-03-14
ADDED
9,384,045 shares of the registrant s common stock were issued and outstanding as of March 16, 2026.
Our use of third-party vendors and our other ongoing third-party business relationships are subject to increasing regulatory requirements and attention.
At December 31, 2025, we had approximately $2.1 billion in assets, $1.3 billion in loans, $1.7 billion in deposits, and $167.6 million in shareholders equity.
5 The following table shows data as to deposits, market share and population for our four market areas (deposits in thousands): Total Estimated Total Market Deposits (2) Our Market Deposits (2) Offices Population (1) June 30, 2025 June 30, 2025 Market Share Midlands Region 13 867,965 $ 27,019,680 $ 1,311,183 4.85 % CSRA Region 3 558,361 $ 11,308,361 $ 162,310 1.44 % Upstate Region 4 946,677 $ 25,237,802 $ 229,308 0.91 % Piedmont Region 1 308,746 $ 4,780,560 $ 56,029 1.17 % (1) Population data is 2026 total population from S P Global Market Intelligence.
Based upon the capitalization of the Bank at December 31, 2025, the maximum amount we could lend to one borrower is $29.0 million.
As of June 30, 2025, there were 27 financial institutions operating approximately 156 offices in the Midlands market, 23 financial institutions operating 95 branches in the CSRA market, 41 financial institutions operating 229 branches in the Upstate market, and 18 financial institutions operating 47 branches in the Piedmont market.
Human Capital At December 31, 2025, we had 265 full-time, 10 part-time, and seven seasonal/on-call employees.
Crapps (67) Chief Executive Officer and President, Director 1994 J.
Brown (58) Chief Human Resources and Marketing Officer 1994 Sarah T.
(45) Co-Chief Commercial and Retail Banking Officer; formerly Senior Vice President and Regional Market President of First Community Bank 2008 Joseph A.
REMOVED
7,671,056 shares of the registrant s common stock were issued and outstanding as of March 14, 2025.
Our use of third party vendors and our other ongoing third party business relationships are subject to increasing regulatory requirements and attention.
At December 31, 2024, we had approximately $2.0 billion in assets, $1.2 billion in loans, $1.7 billion in deposits, and $144.5 million in shareholders equity.
5 The following table shows data as to deposits, market share and population for our four market areas (deposits in thousands): Total Estimated Total Market Deposits (2) Our Market Deposits (2) Offices Population (1) June 30, 2024 June 30, 2024 Market Share Midlands Region 13 860,314 $ 27,993,573 $ 1,231,216 4.40 % CSRA Region 3 556,483 $ 10,377,142 $ 143,268 1.38 % Upstate Region 4 931,563 $ 25,001,836 $ 204,445 0.82 % Piedmont Region (3) 1 305,751 $ 4,742,429 $ 31,190 0.66 % (1) Population data is 2025 total population from S P Global Market Intelligence.
(3) Our full-service banking office in the Piedmont Region opened on October 20, 2022.
Based upon the capitalization of the Bank at December 31, 2024, the maximum amount we could lend to one borrower is $26.6 million.
As of June 30, 2024, there were 27 financial institutions operating approximately 158 offices in the Midlands market, 21 financial institutions operating 90 branches in the CSRA market, 41 financial institutions operating 230 branches in the Upstate market, and 18 financial institutions operating 47 branches in the Piedmont market.
Human Capital At December 31, 2024, we had 260 full-time, 10 part-time, and eight seasonal/on-call employees.
Crapps (66) Chief Executive Officer and President, Director 1994 J.
Brown (57) Chief Human Resources and Marketing Officer 1994 Sarah T.
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