Local bank reports record growth

Posted 7/29/21

Lexington County’s leading locally-owned bank reported 2nd quarter net income of $3.543 million.

That compares with First Community Corp., the holding company for First Community Bank, $2.217 …

This item is available in full to subscribers.

Subscribe to continue reading. Already a subscriber? Sign in

Get 50% of all subscriptions for a limited time. Subscribe today.

You can cancel anytime.
 

Please log in to continue

Log in

Local bank reports record growth

Posted

Lexington County’s leading locally-owned bank reported 2nd quarter net income of $3.543 million.

That compares with First Community Corp., the holding company for First Community Bank, $2.217 million, an increase of 59.8% over last year. Diluted earnings per common share were 47 cents compared to 30 cents last year.

Year-to-date through June 30, 2021 net income was $6.798 million compared to $4.011 million last year, an increase of 69.5%.

Diluted earnings per share for the first half of 2021 were 90 cents compared to 54 cents last year.

$4.632 million in pre-tax pre-provision earnings were up 15.8% over last year.

Loans increased $9.3 million, a 4.3% growth rate.

Comments

No comments on this item Please log in to comment by clicking here