First Community (FCCO) 8-K Regulation FD Disclosure

Exhibit 99.1

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Our Vision

•To be the premier community bank in the markets we serve.

•Markets as communities and neighborhoods that have a local identity.

•Vision is best realized through the daily interactions between our employees & customers.

•High expectations, grounded in the things we know we can trust.

•“The Difference”

•Full range of financial products

•Keen interest in the community

•A warm smile from someone you know.

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Highlights

•Founded in 1995

•Total Assets $262 Million (as of 9/30/04)

•Total Return on Stock is 162.0%
(since inception)

•EPS Growth Rate is 17.4%
(12/31/99 — 9/30/04 annualized)

•Listed on NASDAQ Small Cap (FCCO)

•Maintained “Well Capitalized” Status

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Banking Office Locations

Our Timeline

June 1995
Initial Capitalization Completed
$6.9 Million Raised
700 Initial Shareholders

August 1995
Lexington Banking Office Opened

September 1995
Forest Acres Banking Office Opened

November 1996
Achieved Profitability
15th Month of Operation

June 1998
Secondary Offering Completed
$6.6 Million Raised
Underwritten by Edgar Norris

Purpose: Open 3 offices in 24

months

March 1999

Irmo Banking Office Opened

November 1999

Cayce-West Columbia Banking Office Opened

March 2000

Gilbert Banking Office Opened

February 2001

Chapin Banking Office Opened

May 2001

Declared 5% Stock Dividend

January 2002

Declared 5-for-4 Stock Split

April 2002

Began Payment of Quarterly Cash Dividends

January 2003

Began Trading on NASDAQ Small Cap Market

April 2004

Northeast Columbia Banking Office Opened

October 2004

DutchFork Bancshares Acquisition Completed

Full Service Commercial Bank

Deposit Accounts

Loan Services

Online Banking

Telephone Banking

Mortgage Origination

Investment Services

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Midlands Market

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Midlands Area Market - Points of Interest

Ranked 10^th in the nation in mid-sized cities as the best place to live and work (Entrepreneur Magazine)

In 2004, noted among the Top 30 Livable Communities as compiled by The Partnership for Livable Communities

Ranked 17^th in U.S. top metro cities (Forbes)

Ranked 12^th in America’s top 50 cities for Business Opportunities (Expansion Management Magazine)

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Market Data - statistics

Total Columbia MSA Population 572,799 (2000 Census)

•	Population Growth (2004-2009 projected)
		Lexington County		7.0%
		Richland County		5.3%
		Newberry County		3.2%
•	Median Household Income Growth
			(2004-2009 projected)
		Lexington County		11.1%
		Richland County		11.9%
		Newberry County		8.0%
•	Unemployment Rate (August 2004)
		Lexington County		3.4%
		Richland County		5.0%
		Newberry County		6.1%

Market Data - other factors

•Columbia, the state capital, is part of this market

•Lexington area ranked #1 in South Carolina in population growth in 2002

•Diversified Economic Base

•Strong Vibrant Economy

Midlands Banking Market

(Richland and Lexington Countries)

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[LOGO]	Total Market Deposits are $7.8 Billion with $1.0 Billion in Growth (14.7%) Since June of ‘02
	*percentage of market share

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Financial Highlights

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[LOGO] Total Assets (in thousands)

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[LOGO] Deposits (in thousands)

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[LOGO] Funding Mix 9/30/04

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[LOGO] Loans (in thousands)

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[LOGO] Loan Composition 9/30/04

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Loan Portfolio Highlights

•	Loan Loss Reserve Ratio is 1.40%
			(Peer Group – 1.24%)
•	Past Due Ratio History (30 days or more)
		September 30, 2004
			(Peer Group – 0.76%)	.14%
		December 31, 2003		.17%
		December 31, 2002		.35%
		December 31, 2001		.48%
•	Non-Performing Assets – $137,000
	(0.05% vs Peer Group of 0.43%)

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[LOGO] Net Charge-off Ratio

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[LOGO] Net Interest Margin

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[LOGO] Net Income (in thousands)

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[LOGO] Net Income Per Quarter
(Past Four Quarters)

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[LOGO] Diluted Net Income Per Share

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[LOGO] Return on Assets

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[LOGO] Return on Equity

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Stock Information

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Stock Performance
as of September 30, 2004
(Based on $20.00 per share)

•	Price to LTM EPS	18.9		X
•	Price to Tangible Book	1.60		X
•	Quarterly Dividends per Share	$	.05
•	Dividend Yield	1.00		%
•	Total Return
	Since Inception	162.0		%
	3 Years	42.9		%

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[LOGO] One Year Stock Price Analysis

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DutchFork Bancshares
(Newberry Federal Savings Bank)

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Strategic Prospective

•Geographic Fit – 10 offices surrounding Lake Murray and in Columbia

•The Chapin office acquisition surpassed our expectations

•Newberry Federal is the market share leader in Newberry with 35% market share

•Combined Midlands market share 4.09% - 7^thin the Midlands – 18^thlargest bank in South Carolina

•Shared Commitment to our customers, employees & our communities

•Greater lending capacity to our customers

•Complementary strengths on the asset side

NFSB – expertise in management of their investment portfolio

FCCO – strength in growing a quality loan portfolio

•Deposits may be more valuable in the future than today

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SUMMARY

	First Community 9/30/04			DutchFork Bancshares 6/30/04			Combined
Total Assets	$	262	MM	$	203	MM	$	465	MM
Total Deposits	215		MM	135		MM	350		MM
Total Loans	131		MM	51		MM	182		MM
Loan/Dep	61		%	38		%	52		%
Midlands Market Share	2.45		%	1.64		%	4.09		%
Branches	7			3			10
Stock Listing	NASDAQ			NASDAQ			NASDAQ
Charter	OCC-National			OTS-Thrift			OCC-National
Bank Name	First Community			Newberry Federal			First Community
Employees							100		+

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Other
Tommy Johnson	Newberry Federal CEO is now First Community EVP and Vice Chairman of the Board
Steve Sligh	Newberry Fed. CFO is now First Community SVP and on the Board. Steve’s primary responsibility is management of the investment portfolio

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•Accretive to our earnings in first 12 months (GAAP and Cash)

•With assets over $460 million and a market cap. of nearly $60 million, we will capture increased analyst coverage and market maker interest

•6^thLargest publicly traded BHC in SC

•Increased Float and Liquidity

•De-Novo branching dilution is less material

•Size where more acquisitions are possible

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•Price Premium is 11.0%

•Price to Book Value is 1.5x

•Price to LTM EPS is 12.8x

•Post Merger Cost Savings are Estimated to be 16%

•Purchase Price was a Mix of 40% cash and 60% First Community Stock

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Trading Characteristics

(Post Merger)

•Market Listing NASDAQ Small Cap

•Trading Symbol FCCO

•# of Market Makers 6

•Average Daily Trading Volume 2,045 Shares

•# of Shareholders (est) 2600

•# of Shares Outstanding 2,801,517

•Market Capitalization $56,030,340

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The Story Behind the Numbers

Customer Service Culture

Strong commitment to planning and execution

Employee Culture

Credit Culture

Aggressive yet disciplined growth strategy

Strong & growing communities

Infrastructure Developed:

Organizational growth

Management depth

Training

Risk management

SAFE HARBOR STATEMENT– INCLUDING ALL DOCUMENTS INCORPORATED HEREIN BY REFERENCE, CONTAINS FORWARD-LOOKING STATEMENTS. ADDITIONAL WRITTEN OR ORAL FORWARD-LOOKING STATEMENTS MAY BE MADE BY THE COMPANY FROM TIME TO TIME IN FILINGS WITH THE SECURITIES & EXCHANGE COMMISSION OR OTHERWISE. THE WORDS “BELIEVE,” “EXPECT,” “SEEK,” AND “INTEND” AND SIMILAR EXPRESSIONS IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE THE STATEMENT IS MADE. SUCH FORWARD-LOOKING STATEMENTS ARE WITHIN THE MEANING OF THAT TERM IN SECTION 27A OF THE SECURITIES ACT OF 1933, AS AMENDED, & SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. SUCH STATEMENTS MAY INCLUDE, BUT ARE NOT LIMITED TO, PROJECTIONS OF INCOME OR LOSS, EXPENDITURES, ACQUISITIONS, PLANS FOR FUTURE OPERATIONS, FINANCING NEEDS OR PLANS RELATING TO SERVICES OF THE COMPANY, AS WELL AS ASSUMPTIONS RELATING TO THE FOREGOING. FORWARD-LOOKING STATEMENTS ARE INHERENTLY SUBJECT TO RISKS AND UNCERTAINTIES, SOME OF WHICH CANNOT BE PREDICTED OR QUANTIFIED. FUTURE EVENTS AND ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE SET FORTH IN, CONTEMPLATED BY OR UNDERLYING THE FORWARD-LOOKING STATEMENTS. A DISCUSSION OF FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED IN FORWARD-LOOKING STATEMENTS IS INCLUDED IN FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.

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