First Community (FCCO) 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 12, 2015
Document and Entity Information
Entity Registrant Name	FIRST COMMUNITY CORP /SC/
Entity Central Index Key	932,781
Document Type	10-Q
Trading Symbol	fcco
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		6,684,563
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 9,238	$ 12,480
Interest-bearing bank balances	23,225	9,454
Federal funds sold and securities purchased under agreements to resell	548	598
Investment securities held-to-maturity	16,600	10,647
Investment securities available-for-sale	255,182	270,164
Other investments, at cost	1,900	2,003
Loans held for sale	3,568	4,124
Loans	483,931	443,844
Less, allowance for loan losses	4,468	4,132
Net loans	479,463	439,712
Property, furniture and equipment - net	30,109	28,510
Land held for sale	1,080	1,200
Bank owned life insurance	14,947	14,642
Other real estate owned	2,450	2,943
Intangible assets	1,508	1,806
Goodwill	5,078	5,078
Other assets	7,433	9,002
Total assets	852,329	812,363
Deposits:
Non-interest bearing demand	157,650	133,004
NOW and money market accounts	304,153	287,982
Savings	59,908	53,583
Time deposits less than $100,000	101,455	108,048
Time deposits $100,000 and over	81,204	86,966
Total deposits	704,370	669,583
Securities sold under agreements to repurchase	19,908	17,383
Federal Home Loan Bank advances	27,543	28,807
Junior subordinated debt	15,464	15,464
Other liabilities	6,556	6,598
Total liabilities	$ 773,841	$ 737,835
SHAREHOLDERS' EQUITY
Preferred stock, par value $1.00 per share, 10,000,000 shares authorized; none issued and outstanding
Common stock, par value $1.00 per share; 10,000,000 shares authorized; issued and outstanding 6,684,563 at September 30, 2015 6,664,391 at December 31, 2014	$ 6,685	$ 6,664
Common stock warrants issued	46	48
Nonvested restricted stock	(426)	(673)
Additional paid in capital	75,690	75,504
Accumulated Deficit	(5,131)	(8,286)
Accumulated other comprehensive income	1,624	1,271
Total shareholders' equity	78,488	74,528
Total liabilities and shareholders' equity	$ 852,329	$ 812,363

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Consolidated Balance Sheets Parenthetical
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	6,684,563	6,664,391
Common stock, shares outstanding	6,684,563	6,664,391

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest income:
Loans, including fees	$ 5,795	$ 5,615	$ 17,373	$ 16,277
Taxable securities	860	987	2,771	2,936
Non-taxable securities	430	339	1,216	933
Federal funds sold and securities purchased under resale agreements	8	8	22	25
Other	21	19	64	49
Total interest income	7,114	6,968	21,446	20,220
Interest expense:
Deposits	443	415	1,304	1,272
Federal funds sold and securities sold under agreement to repurchase	11	9	26	28
Other borrowed money	407	448	1,211	1,381
Total interest expense	861	872	2,541	2,681
Net interest income	6,253	6,096	18,905	17,539
Provision for loan losses	193	152	990	702
Net interest income after provision for loan losses	6,060	5,944	17,915	16,837
Non-interest income:
Deposit service charges	390	400	1,083	1,145
Mortgage banking income	964	1,016	2,679	2,337
Investment advisory fees and non-deposit commissions	$ 290	267	993	722
Gain on sale of securities		16	271	102
Gain on sale of other assets	$ 17	10	24	(2)
Loss on early extinguishment of debt			(103)	(67)
Other	668	591	1,928	1,837
Total non-interest income	2,329	2,300	6,875	6,074
Non-interest expense:
Salaries and employee benefits	3,595	3,502	10,818	10,198
Occupancy	513	489	1,498	1,367
Equipment	437	414	1,233	1,128
Marketing and public relations	129	218	683	591
FDIC assessments	113	138	389	393
Other real estate expense	126	105	434	360
Amortization of intangibles	$ 98	64	$ 299	169
Merger and acquisition expense		39		474
Other	$ 1,056	1,091	$ 3,202	3,191
Total non-interest expense	6,067	6,060	18,556	17,871
Net income before tax	2,322	2,184	6,234	5,040
Income taxes	643	632	1,708	1,425
Net income	$ 1,679	$ 1,552	$ 4,526	$ 3,615
Basic earnings per common share (in dollars per share)	$ 0.26	$ 0.23	$ 0.69	$ 0.56
Diluted earnings per common share (in dollars per share)	$ 0.25	$ 0.23	$ 0.68	$ 0.55

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements Of Comprehensive Income
Net income	$ 1,679	$ 1,552	$ 4,526	$ 3,615
Other comprehensive income:
Unrealized gain during six months ended on available-for-sale securities, net of taxes was $275 and $1,699 and during three months ended, net of tax was 357 and $118.	$ 672	229	532	3,203
Less: Reclassification adjustment for gain included in net income, net of taxes during six months ended was $92 and $35 and during three months ended was $0 and $5.		(11)	(179)	(67)
Other comprehensive income	$ 672	218	353	3,136
Comprehensive income	$ 2,351	$ 1,770	$ 4,879	$ 6,751

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements Of Comprehensive Income Parenthetical
Unrealized Holding Gain (Loss) on Securities Available for Sale Arising During Period, Tax	$ 357	$ 118	$ 275	$ 1,699
Reclassification adjustment for Gain included in net income, taxes	$ 0	$ 5	$ 92	$ 35

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Common Stock Warrant [Member]	Additional Paid-In Capital [Member]	Nonvested Restricted Stock [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Beginning Balance at Dec. 31, 2013	$ 5,303	$ 48	$ 62,214	$ (444)	$ (11,923)	$ (2,527)	$ 52,671
Beginning Balance, in shares at Dec. 31, 2013	5,303,000
Net income					3,615		3,615
Other comprehensive income net of tax						3,136	$ 3,136
Issuance of restricted stock	$ 71		697	(768)
Issuance of restricted stock, in shares	71,000
Restricted shares surrendered
Amortization of compensation on restricted stock				393			$ 393
Issuance of common stock	$ 1,274		12,436				13,710
Issuance of common stock, in shares	1,274,000
Dividends: Common					(703)		(703)
Dividend reinvestment plan	$ 12		120				132
Dividend reinvestment plan, in shares	12,000
Ending Balance at Sep. 30, 2014	$ 6,660	48	75,467	(819)	(9,402)	609	72,563
Ending Balance, in shares at Sep. 30, 2014	6,660,000
Beginning Balance at Dec. 31, 2014	$ 6,664	48	75,504	(673)	(8,286)	1,271	74,528
Beginning Balance, in shares at Dec. 31, 2014	6,664,000
Net income					4,526		4,526
Other comprehensive income net of tax						353	$ 353
Issuance of restricted stock	$ 13		137	(150)
Issuance of restricted stock, in shares	13,000
Restricted shares surrendered	$ (8)		(90)				$ (98)
Restricted shares surrendered (in shares)	(8,000)
Amortization of compensation on restricted stock				397			$ 397
Exercise of stock warrants	$ 2	(2)
Exercise of stock warrants, in shares	2,000
Dividends: Common					(1,371)		$ (1,371)
Dividend reinvestment plan	$ 14		139				153
Dividend reinvestment plan, in shares	14,000
Ending Balance at Sep. 30, 2015	$ 6,685	$ 46	$ 75,690	$ (426)	$ (5,131)	$ 1,624	$ 78,488
Ending Balance, in shares at Sep. 30, 2015	6,685,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 1,679,000	$ 1,552,000	$ 4,526,000	$ 3,615,000
Adjustments to reconcile net income to net cash provided in operating activities:
Depreciation			932,000	827,000
Premium amortization			3,093,000	2,680,000
Provision for loan losses	193,000	152,000	990,000	702,000	$ 881,000
Writedowns of other real estate owned			201,000	146,000
Loss (gain) on sale of other real estate owned			(24,000)	2,000
Sale of loans held-for-sale			80,571,000	66,548,000
Origination of loans held-for-sale			(80,016,000)	(66,161,000)
Amortization of intangibles	$ 98,000	64,000	299,000	169,000
Accretion on acquired loans			(709,000)	(102,000)
Gain on sale of securities		(16,000)	(271,000)	(102,000)
Writedown of land held for sale			120,000	67,000
Loss on early extinguishment of debt			103,000	67,000
Decrease in other assets			1,305,000	1,297,000
Decrease in other liabilities			(153,000)	(572,000)
Net cash provided in operating activities			10,967,000	9,218,000
Cash flows from investing activities:
Purchase of investment securities available-for-sale and other investments			(33,441,000)	(82,322,000)
Purchase of investment securities held-to-maturity			(6,065,000)	(1,352,000)
Maturity of investment securities available-for-sale			28,470,000	28,302,000
Proceeds from sale of securities available-for-sale	$ 10,100,000	15,400,000	17,061,000	43,589,000
Proceeds from sale of other investments			1,133,000	513,000
Decrease (increase) in loans			$ (40,336,000)	11,775,000
Net cash disbursed in business combination				(11,354,000)
Purchase of loans				(8,705,000)
Proceeds from sale of other real estate owned			$ 479,000	1,742,000
Purchase of property and equipment			(2,502,000)	(2,746,000)
Net cash used in investing activities			(35,201,000)	(20,558,000)
Cash flows from financing activities:
Increase in deposit accounts			34,871,000	35,552,000
Increase (decrease) in securities sold under agreements to repurchase			2,525,000	(984,000)
Advances from the Federal Home Loan Bank			32,500,000	38,100,000
Repayment of advances from the Federal Home Loan Bank			$ (33,867,000)	(57,886,000)
Purchase of deposit accounts				$ 39,482,000
Restricted shares surrendered			$ (98,000)
Dividends paid: Common Stock			(1,371,000)	$ (1,094,000)
Dividend reinvestment plan			153,000	132,000
Net cash provided from financing activities			34,713,000	53,302,000
Net increase in cash and cash equivalents			10,479,000	41,962,000
Cash and cash equivalents at beginning of year			22,532,000	14,166,000	14,166,000
Cash and cash equivalents at end of year	$ 33,011,000	$ 56,128,000	33,011,000	56,128,000	$ 22,532,000
Cash paid during the period for:
Interest			2,566,000	2,666,000
Income Taxes			2,220,000	860,000
Non-cash investing and financing activities:
Unrealized gain on securities			353,000	3,136,000
Transfer of loans to foreclosed property			$ 193,000	$ 1,574,000

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1—Basis of Presentation In the opinion of management, the accompanying unaudited consolidated balance sheets, and the consolidated statements of income, comprehensive income, changes in shareholders’ equity, and the cash flows of First Community Corporation (the “Company”), present fairly in all material respects the Company’s financial position at September 30, 2015 and December 31, 2014, and the Company’s results of operations and cash flows for the three and nine months ended September 30, 2015 and 2014. The results of operations for the three and nine months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. In the opinion of management, all adjustments necessary to fairly present the consolidated financial position and consolidated results of operations have been made. All such adjustments are of a normal, recurring nature. All significant intercompany accounts and transactions have been eliminated in consolidation. The consolidated financial statements and notes thereto are presented in accordance with the instructions for Form 10-Q. The information included in the Company’s 2014 Annual Report on Form 10-K should be referred to in connection with these unaudited interim financial statements.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Common Share	Note 2—Earnings Per Common Share The following reconciles the numerator and denominator of the basic and diluted earnings per common share computation: (Dollars in thousands, except average market price) Nine months Three months Ended September 30, Ended September 30, 2015 2014 2015 2014 Numerator (Net income available to common shareholders) $ 4,526 $ 3,615 $ 1,679 $ 1,552 Denominator Weighted average common shares outstanding for: Basic earnings per share 6,549 6,496 6,560 6,659 Dilutive securities: Deferred compensation 23 23 25 22 Warrants/Restricted stock – Treasury stock method 127 46 127 46 Diluted earnings per share 6,699 6,565 6,712 6,727 The average market price used in calculating assumed number of shares $ 11.89 $ 10.82 $ 12.16 $ 10.73 At September 30, 2015, there were no outstanding options. At September 30, 2014, there were 69,903 outstanding options at an average exercise price of $20.15. None of these options had an exercise price below the average market price of $10.73 for the three-month period ended September 30, 2014 or $10.82 for the nine-month period ended September 30, 2014 and, therefore, they were not deemed to be dilutive. In the fourth quarter of 2011, we issued $2.5 million in 8.75% subordinated notes maturing December 16, 2019. On November 15, 2012, the subordinated notes were redeemed in full at par. Warrants for 107,500 shares of common stock at $5.90 per share were issued in connection with the issuance of the subordinated debt. At September 30, 2015, there were 97,100 warrants outstanding. These warrants expire December 16, 2019 and are included in dilutive securities in the table above. The Company has issued a total of 157,000 restricted shares under the terms of its compensation plans and employment agreements. These shares cliff vest over a three-year period. The unrecognized compensation cost at September 30, 2015 for non-vested shares totaled $426 thousand.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 3—Investment Securities The amortized cost and estimated fair values of investment securities at September 30, 2015 and December 31, 2014 are summarized below: AVAILABLE-FOR-SALE: (Dollars in thousands) Amortized Gross Gross Fair Value September 30, 2015: Government sponsored enterprises $ 2,448 $ 60 $ — $ 2,508 Mortgage-backed securities 140,725 1,252 418 141,559 Small Business Administration pools 58,340 483 359 58,464 State and local government 49,979 1,445 71 51,353 Corporate and other securities 1,348 — 50 1,298 $ 252,840 $ 3,240 $ 898 $ 255,182 December 31, 2014: Government sponsored enterprises $ 3,403 $ 45 $ 14 $ 3,434 Mortgage-backed securities 159,861 1,211 719 160,353 Small Business Administration pools 58,643 385 483 58,545 State and local government 45,102 1,523 109 46,516 Corporate and other securities 1,349 — 33 1,316 $ 268,358 $ 3,164 $ 1,358 $ 270,164 HELD-TO-MATURITY: (Dollars in thousands) Amortized Gross Gross Fair Value September 30, 2015: State and local government $ 16,600 $ 116 $ 107 $ 16,609 $ 16,600 $ 116 $ 107 $ 16,609 December 31, 2014: State and local government $ 10,647 $ 6 $ 68 $ 10,585 $ 10,647 $ 6 $ 68 $ 10,585 During the nine months ended September 30, 2015 and September 30, 2014, the Company received proceeds of $17.1 million and $43.6 million, respectively, from the sale of investment securities available-for-sale. For the nine months ended September 30, 2015, gross realized gains totaled $271 thousand and there were no gross realized losses. Gross realized gains amounted to $205 thousand and gross realized losses amounted to $103 thousand for the nine months ended September 30, 2014. For the three months ended September 30, 2015, there were no sales of investment securities. For the three months ended September 30, 2014, gross realized gains from the sale of investment securities available-for-sale amounted to $57 thousand and gross realized losses amounted to $40 thousand. The Company did not sell any investment securities held-to-maturity for the three and nine month periods ended September 30, 2015 or September 30, 2014. At September 30, 2015, corporate and other securities available-for-sale included the following at fair value: mutual funds at $821.4 thousand, foreign debt of $60.3 thousand, and corporate preferred stock in the amount of $416.8 thousand. At December 31, 2014, corporate and other securities available-for-sale included the following at fair value: mutual funds at $839.2 thousand, foreign debt of $60.3 thousand, and corporate preferred stock in the amount of $416.8 thousand. Other investments, at cost, include Federal Home Loan Bank (“FHLB”) stock in the amount of $1.9 million and $2.0 million at September 30, 2015 and December 31, 2014, respectively. The following tables show gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position, at September 30, 2015 and December 31, 2014. Less than 12 months 12 months or more Total September 30, 2015 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available-for-sale securities: Government Sponsored Enterprises $ — $ — $ — $ — $ — $ — Government Sponsored Enterprise mortgage-backed securities 20,407 130 19,034 284 39,441 414 Small Business Administration pools 14,510 106 21,283 253 35,793 359 Non-agency mortgage-backed securities 114 2 188 2 302 4 State and local government 3,798 16 2,329 55 6,127 71 Corporate bonds and other — — 822 50 822 50 Total $ 38,829 $ 254 $ 43,656 $ 644 $ 82,485 $ 898 Less than 12 months 12 months or more Total December 31, 2014 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available-for-sale securities: Government Sponsored Enterprises $ — $ — $ 1,486 $ 14 $ 1,486 $ 14 Government Sponsored Enterprise mortgage-backed securities 38,341 283 26,232 429 64,573 712 Small Business Administration pools 12,313 89 20,896 394 33,209 483 Non-agency mortgage-backed securities 576 6 18 1 594 7 State and local government — — 5,270 109 5,270 109 Corporate bonds and other — — 889 33 889 33 Total $ 51,230 $ 378 $ 54,791 $ 980 $ 106,021 $ 1,358 Less than 12 months 12 months or more Total September 30, 2015 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Held-to-maturity securities: State and local government $ 7,444 $ 107 $ — $ — $ 7,444 $ 107 Total $ 7,444 $ 107 $ — $ — $ 7,444 $ 107 Less than 12 months 12 months or more Total December 31, 2014 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Held-to-maturity securities: State and local government $ 8,655 $ 68 $ — $ — $ 8,655 $ 68 Total $ 8,655 $ 68 $ — $ — $ 8,655 $ 68 Government Sponsored Enterprise, Mortgage-Backed Securities: At September 30, 2015, the Company owned mortgage-backed securities (“MBSs”), including collateralized mortgage obligations (“CMOs”), with an amortized cost of $140.7 million and approximate fair value of $141.6 million issued by government sponsored enterprises (“GSEs”). At December 31, 2014, the Company owned MBSs, including CMOs with an amortized cost of $159.1 million and approximate fair value of $159.7 million issued by GSEs. As of September 30, 2015 and December 31, 2014, all of the MBSs issued by GSEs were classified as “Available for Sale.” Unrealized losses on certain of these investments are not considered to be “other than temporary,” and we have the intent and ability to hold these until they mature or recover the current book value. The contractual cash flows of the investments are guaranteed by the GSE. Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost of the Company’s investment. Because the Company does not intend to sell these securities and it is more likely than not that the Company will not be required sell these securities before a recovery of its amortized cost, which may be maturity, the Company does not consider the investments to be other-than-temporarily (“OTTI”) impaired at September 30, 2015. Non-agency Mortgage-Backed Securities: State and Local Governments and Other: The following sets forth the amortized cost and fair value of investment securities at September 30, 2015 by contractual maturity. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay the obligations with or without prepayment penalties. MBSs are based on average life at estimated prepayment speeds. Available-for-sale Held-to-maturity (Dollars in thousands) Amortized Fair Amortized Fair Due in one year or less $ 6,897 $ 6,926 $ — $ — Due after one year through five years 141,611 142,838 3,888 3,917 Due after five years through ten years 92,918 94,097 12,132 12,123 Due after ten years 11,414 11,321 580 569 $ 252,840 $ 255,182 $ 16,600 $ 16,609

Loans

Loans	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Loans	Note 4—Loans Loans summarized by category as of September 30, 2015, December 31, 2014 and September 30, 2014 are as follows: September 30, December 31, September 30, (Dollars in thousands) 2015 2014 2014 Commercial, financial and agricultural $ 38,020 $ 33,403 $ 33,147 Real estate: Construction 33,127 27,545 22,738 Mortgage-residential 49,135 48,510 47,369 Mortgage-commercial 323,513 293,186 305,013 Consumer: Home equity 31,154 33,000 32,435 Other 8,982 8,200 7,854 Total $ 483,931 $ 443,844 $ 448,556 The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the nine months ended September 30, 2015 and September 30, 2014 and for the year ended December 31, 2014 is as follows: (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total September 30, 2015 Allowance for loan losses: Beginning balance $ 67 $ 45 $ 179 $ 1,572 $ 134 $ 44 $ 2,091 $ 4,132 Charge-offs (56 ) — (39 ) (625 ) — (44 ) — (764 ) Recoveries 5 — 6 16 3 80 — 110 Provisions 154 130 53 861 (17 ) (25 ) (166 ) 990 Ending balance $ 170 $ 175 $ 199 $ 1,824 $ 120 $ 55 $ 1,925 $ 4,468 Ending balances: Individually evaluated $ — $ — $ 3 $ 1 $ — $ — $ — $ 4 Collectively evaluated 170 175 196 1,823 120 55 1,925 4,464 Loans receivable: Ending balance-total $ 38,020 $ 33,127 $ 49,135 $ 323,513 $ 31,154 $ 8,982 $ — $ 483,931 Ending balances: Individually evaluated 11 — 923 5,786 — — — 6,720 Collectively evaluated $ 38,009 $ 33,127 $ 48,212 $ 317,727 $ 31,154 $ 8,982 $ — $ 477,211 (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total September 30, 2014 Allowance for loan losses: Beginning balance $ 233 $ 26 $ 291 $ 1,117 $ 112 $ 80 $ 2,360 $ 4,219 Charge-offs (2 ) — (39 ) (689 ) — (95 ) — (825 ) Recoveries 32 — 15 — — 13 — 60 Provisions (116 ) 12 (101 ) 1,171 — 65 (329 ) 702 Ending balance $ 147 $ 38 $ 166 $ 1,599 $ 112 $ 63 $ 2,031 $ 4,156 Ending balances: Individually evaluated $ — $ — $ 4 $ — $ — $ — $ — $ 4 Collectively evaluated 147 38 162 1,599 112 63 2,031 4,152 Loans receivable: Ending balance-total $ 33,147 $ 22,738 $ 47,369 $ 305,013 $ 32,435 $ 7,854 $ — $ 448,556 Ending balances: Individually evaluated 58 — 1,038 6,152 93 5 — 7,346 Collectively evaluated $ 33,089 $ 22,738 $ 46,331 $ 298,861 $ 32,342 $ 7,849 $ — $ 441,210 (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total December 31, 2014 Allowance for loan losses: Beginning balance $ 233 $ 26 $ 291 $ 1,117 $ 112 $ 80 $ 2,360 $ 4,219 Charge-offs (54 ) — (52 ) (879 ) (17 ) (109 ) — (1,111 ) Recoveries 110 — 10 — 6 17 — 143 Provisions (222 ) 19 (70 ) 1,334 33 56 (269 ) 881 Ending balance $ 67 $ 45 $ 179 $ 1,572 $ 134 $ 44 $ 2,091 $ 4,132 Ending balances: Individually evaluated $ — $ — $ 4 $ 57 $ — $ — $ — $ 61 Collectively evaluated 67 45 175 1,515 134 44 2,091 4,071 Loans receivable: Ending balance-total $ 33,403 $ 27,545 $ 48,510 $ 293,186 $ 33,000 $ 8,200 $ — $ 443,844 Ending balances: Individually evaluated 55 — 1,078 7,334 92 — — 8,559 Collectively evaluated $ 33,348 $ 27,545 $ 47,432 $ 285,852 $ 32,908 $ 8,200 $ — $ 435,285 Loans outstanding to bank directors, executive officers and their related business interests amounted to $6.9 million and $10.6 million at September 30, 2015 and September 30, 2014, respectively. Repayments on these loans during the nine months ended September 30, 2015 were $1.3 million and there were no new loans made. Repayments on these loans during the nine months ended September 30, 2014 were $1.1 million and loans made totaled $1.4 million. 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 detailed activity in the allowance for loan losses as of and for the three months ended September 30, 2015 and the three months ended September 30, 2014 is as follows: (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total 2015 Allowance for loan losses: Beginning balance $ 221 $ 124 $ 179 $ 1,774 $ 119 $ 60 $ 1,804 $ 4,281 Charge-offs — — (13 ) — — (17 ) — (30 ) Recoveries 2 — 4 11 1 6 — 24 Provisions (53 ) 51 29 39 — 6 121 193 Ending balance $ 170 $ 175 $ 199 $ 1,824 $ 120 $ 55 $ 1,925 $ 4,468 (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total 2014 Allowance for loan losses: Beginning balance $ 180 $ 109 $ 206 $ 1,317 $ 118 $ 52 $ 2,084 $ 4,066 Charge-offs (2 ) — (4 ) — — (75 ) — (81 ) Recoveries 8 — 6 — — 5 — 19 Provisions (39 ) (71 ) (42 ) 282 (6 ) 81 (53 ) 152 Ending balance $ 147 $ 38 $ 166 $ 1,599 $ 112 $ 63 $ 2,031 $ 4,156 The following table presents at September 30, 2015 and December 31, 2014 loans individually evaluated and considered impaired under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing troubled debt restructurings (“TDRs”). (Dollars in thousands) September 30, December 31, 2015 2014 Total loans considered impaired $ 6,720 $ 8,559 Loans considered impaired for which there is a related allowance for loan loss: Outstanding loan balance 83 1,959 Related allowance 4 61 Loans considered impaired and previously written down to fair value 6,637 6,600 Average impaired loans 9,627 10,900 The following tables are by loan category and present at September 30, 2015, December 31, 2014 and September 30, 2014 loans individually evaluated and considered impaired under FASB ASC 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing TDRs. (Dollars in thousands) Nine months ended Three months ended Unpaid Average Interest Average Interest September 30, 2015 Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no allowance recorded: Commercial $ 11 $ 11 $ — $ 14 $ — $ 13 $ — Real estate: Construction — — — — — — — Mortgage-residential 873 952 — 1,140 71 1,133 1 Mortgage-commercial 5,753 8,149 — 8,388 — 8,293 — Consumer: Home Equity — — — — — — — Other — — — — — — — With an allowance recorded: Commercial — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 50 50 3 51 2 50 — Mortgage-commercial 33 33 1 34 2 34 — Consumer: Home Equity — — — — — — — Other — — — — — — — Total: Commercial $ 11 $ 11 $ — $ 14 $ — $ 13 $ — Real estate: Construction — — — — — — — Mortgage-residential 923 1,002 3 1,191 73 1,183 1 Mortgage-commercial 5,786 8,182 1 8,422 2 8,327 — Consumer: Home Equity — — — — — — — Other — — — — — — — $ 6,720 $ 9,195 $ 4 $ 9,627 $ 75 $ 9,523 $ 1 (Dollars in thousands) Nine months ended Three months ended Unpaid Average Interest Average Interest September 30, 2014 Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no allowance recorded: Commercial $ 58 $ 115 $ — $ 133 $ — $ 131 $ 0 Real estate: Construction — — — — — — — Mortgage-residential 985 1,344 — 1,227 5 1,221 — Mortgage-commercial 6,152 7,381 — 7,326 39 7,236 9 Consumer: Home Equity 93 97 — 79 — 86 — Other 5 5 — 8 — 6 With an allowance recorded: Commercial — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 53 53 4 54 2 54 1 Mortgage-commercial — — — — — — — Consumer: Home Equity — — — — — — — Other — — — — — — — Total: Commercial $ 58 $ 115 $ — $ 133 $ — $ 131 $ — Real estate: Construction — — — — — — — Mortgage-residential 1,038 1,397 4 1,281 7 1,275 1 Mortgage-commercial 6,152 7,381 — 7,326 39 7,236 9 Consumer: Home Equity 93 97 — 79 — 86 — Other 5 5 — 8 — 6 $ 7,346 $ 8,995 $ 4 $ 8,827 $ 46 $ 8,734 $ 10 (Dollars in thousands) December 31, 2014 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ 55 $ 112 $ — $ 132 $ 3 Real estate: Construction — — — — — Mortgage-residential 1,025 1,167 — 1,071 8 Mortgage-commercial 5,428 6,469 — 7,634 64 Consumer: Home Equity 92 97 — 83 — Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 53 53 4 54 3 Mortgage-commercial 1,906 2,134 57 1,926 85 Consumer: Home Equity — — — — — Other — — — — — Total: Commercial $ 55 $ 112 $ — $ 132 $ 3 Real estate: Construction — — — — — Mortgage-residential 1,078 1,220 4 1,125 11 Mortgage-commercial 7,334 8,603 57 9,560 149 Consumer: Home Equity 92 97 — 83 — Other — — — — — $ 8,559 $ 10,032 $ 61 $ 10,900 $ 163 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on a monthly basis. The Company uses the following definitions for risk ratings: Special Mention Substandard Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered as pass rated loans. As of September 30, 2015 and December 31, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is shown in the table below. As of September 30, 2015 and December 31, 2014, no loans were classified as doubtful. (Dollars in thousands) September 30, 2015 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 37,682 $ 312 $ 26 $ — $ 38,020 Real estate: Construction 32,406 721 — — 33,127 Mortgage – residential 46,572 1,456 1,107 — 49,135 Mortgage – commercial 305,582 9,009 8,922 — 323,513 Consumer: Home Equity 30,833 189 132 — 31,154 Other 8,962 1 19 — 8,982 Total $ 462,037 $ 11,688 $ 10,206 $ — $ 483,931 (Dollars in thousands) December 31, 2014 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 32,579 $ 754 $ 70 $ — $ 33,403 Real estate: Construction 26,824 721 — — 27,545 Mortgage – residential 46,090 1,054 1,366 — 48,510 Mortgage – commercial 270,986 10,437 11,763 — 293,186 Consumer: Home Equity 32,008 751 241 — 33,000 Other 8,041 100 59 — 8,200 Total $ 416,528 $ 13,817 $ 13,499 $ — $ 443,844 At September 30, 2015 and December 31, 2014, non-accrual loans totaled $5.1 million and $6.6 million, respectively. TDRs that are still accruing and included in impaired loans at September 30, 2015 and December 31, 2014 totaled $1.7 million and $2.2 million, respectively. TDRs in non-accrual status at September 30, 2015 and December 31, 2014 totaled $1.9 million and $2.6 million, respectively. Loans greater than 90 days delinquent and still accruing interest totaled $2 thousand as of September 30, 2015. There were no loans greater than 90 days delinquent and still accruing interest as of December 31, 2014. We account for acquisitions under FASB ASC Topic 805, Business Combinations Acquired credit-impaired loans are accounted for under the accounting guidance for loans and debt securities acquired with deteriorated credit quality, found in FASB ASC Topic 310-30, Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality, Purchase credit impaired (“PCI”) loans acquired totaled $4.2 million at estimated fair value, and acquired performing loans totaling $102.3 million at estimated fair value were not credit impaired. The gross contractual amount receivable for PCI loans and acquired performing loans was approximately $5.7 million and $116.0 million, respectively, as of the acquisition date. For the acquired performing loans, the best estimate at acquisition date of contractual cash flows not expected to be collected is $825 thousand. Determining the fair value of PCI loans at acquisition required the Company to estimate cash flows expected to result from those loans and to discount those cash flows at appropriate rates of interest. For such loans, the excess of cash flows expected to be collected at acquisition over the estimated fair value is recognized as interest income over the remaining lives of the loans and is called the accretable yield. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition reflects the impact of estimated credit losses and is called the nonaccretable difference. In accordance with GAAP, there was no carry-over of previously established allowance for credit losses from the acquired company. In conjunction with the acquisition of Savannah River (as defined below) on February 1, 2014, the acquired PCI loan portfolio was accounted for at fair value as follows: (Dollars in thousands) February 1, 2014 Contractual principal and interest at acquisition $ 5,717 Nonaccretable difference (1,205 ) Expected cash flows at acquisition 4,512 Accretable yield (272 ) Basis in PCI loans at acquisition – estimated fair value $ 4,240 A summary of changes in the accretable yield for PCI loans for the three and nine months ended September 30, 2015 and September 30, 2014 follows (dollars in thousands): Three Months Nine Months Accretable yield, beginning of period $ 135 $ 75 Accretion (42 ) (513 ) Reclassification of nonaccretable difference due to improvement in — 531 Accretable yield, end of period $ 93 $ 93 Three Months Nine Months Accretable yield, beginning of period $ 164 $ 272 Accretion (49 ) (132 ) Reclassification of nonaccretable difference due to improvement in — (25 ) Accretable yield, end of period $ 115 $ 115 The following tables are by loan category and present loans past due and on non-accrual status as of September 30, 2015 and December 31, 2014: (Dollars in thousands) 30-59 Days 60-89 Days Past Due Greater than 90 Days and Accruing Nonaccrual Total Past Due Current Total Loans Commercial $ — $ 34 $ — $ 11 $ 45 $ 37,975 $ 38,020 Real estate: Construction — — — — — 33,127 33,127 Mortgage-residential 93 134 — 873 1,100 48,035 49,135 Mortgage-commercial 847 650 — 4,183 5,680 317,833 323,513 Consumer: Home equity 36 — — — 36 31,118 31,154 Other 3 9 2 — 14 8,968 8,982 Total $ 979 $ 827 $ 2 $ 5,067 $ 6,875 $ 477,056 $ 483,931 (Dollars in thousands) 30-59 Days 60-89 Days Past Due Greater than 90 Days and Accruing Nonaccrual Total Past Due Current Total Loans Commercial $ — $ — $ — $ 55 $ 147 $ 33,256 $ 33,403 Real estate: Construction — 2 — — 2 27,543 27,545 Mortgage-residential 131 5 — 1,025 1,161 47,349 48,510 Mortgage-commercial 1,443 4 — 5,413 6,860 286,326 293,186 Consumer: Home equity 19 — — 92 111 32,899 33,000 Other 63 6 — — 69 8,131 8,200 Total $ 1,748 $ 17 $ — $ 6,585 $ 8,350 $ 435,494 $ 443,844 As a result of adopting the amendments in Accounting Standards Update (“ASU”) 2011-02 (Receivables-Topic 310), the Company reassessed all restructurings that occurred on or after the beginning of the fiscal year of adoption (January 1, 2011) to determine whether they are considered TDRs under the amended guidance. The Company identified as TDRs certain loans for which the allowance for loan losses had previously been measured under a general allowance methodology. Upon identifying those loans as TDRs, the Company identified them as impaired under the guidance in ASC 310-10-35. The amendments in ASU 2011-02 require prospective application of the impairment measurement guidance in ASC 310-10-35 for those loans newly identified as impaired. The following table, by loan category, presents loans determined to be TDRs during the nine-month period ended September 30, 2014. There were no loans determined to be TDRs during the three-month period ended September 30, 2014 or the three and nine month periods ended September 30, 2015. Troubled Debt Restructurings For the nine months ended September 30, 2014 (Dollars in thousands) Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment Nonaccrual Mortgage-Commercial 1 $ 1,730 $ 1,730 Mortgage-Residential 1 $ 180 $ 180 Total TDRs 2 $ 1,910 $ 1,910 As shown in the table above, two loans were determined to be TDRs during the nine months ended September 30, 2014. The interest rate was lowered on both of these loans. During the three and nine month periods ended September 30, 2015 and September 30, 2014, there were no loans determined to be TDRs in the previous twelve months that had payment defaults. Any payment that is past due greater than 89 days is considered to be a payment default. In the determination of the allowance for loan losses, all TDRs are reviewed to ensure that one of the three proper valuation methods (fair market value of the collateral, present value of cash flows, or observable market price) is adhered to. All non-accrual loans are written down to their corresponding collateral value. All troubled TDR accruing loans that have a loan balance that exceeds the present value of cash flows will have a specific allocation. All nonaccrual loans are considered impaired. Under ASC 310-10, a loan is impaired when it is probable that the Company will be unable to collect all amounts due including both principal and interest according to the contractual terms of the loan agreement.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	Note 5—Recently Issued Accounting Pronouncements The following is a summary of recent authoritative pronouncements: In January 2014, the FASB amended the Equity Method and Joint Ventures topic of the Accounting Standards Codification. The amendments provide criteria that must be met in order to apply a proportional amortization method to Low-Income Housing Tax Credit investments and provide guidance on the method used to amortize the investment, the impairment approach, and the eligibility criteria for entities that have other arrangements (e.g., loans) with the limited liability entity. The amendments were effective for the Company for new investments in qualified affordable housing projects for interim and annual periods beginning after December 15, 2014. The Company intends to continue using the effective yield method for existing investments in qualified affordable housing projects. These amendments did not have a material effect on its financial statements. In January 2014, the FASB amended Receivables topic of the Accounting Standards Codification. The amendments are intended to resolve diversity in practice with respect to when a creditor should reclassify a collateralized consumer mortgage loan to other real estate owned (OREO). In addition, the amendments require a creditor reclassify a collateralized consumer mortgage loan to OREO upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. The amendments were effective for the Company for annual periods, and interim periods within those annual periods, beginning after December 15, 2014, with early implementation of the guidance permitted. In implementing this guidance, assets that are reclassified from real estate to loans are measured at the carrying value of the real estate at the date of adoption. Assets reclassified from loans to real estate are measured at the lower of the net amount of the loan receivable or the fair value of the real estate less costs to sell at the date of adoption. The Company applied the amendments prospectively. These amendments did not have a material effect on the Company’s financial statements . In May 2014, the FASB issued guidance to change the recognition of revenue from contracts with customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. The guidance will be effective for the Company for reporting periods beginning after December 15, 2017. The Company will apply the guidance using a modified retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. In August 2015, the FASB deferred the effective date of ASU 2014-09, Revenue from Contracts with Customers. As a result of the deferral, the guidance in ASU 2014-09 will be effective for the Company for reporting periods beginning after December 15, 2017. The Company will apply the guidance using a modified retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. In June 2014, the FASB issued guidance which clarifies that performance targets associated with stock compensation should be treated as a performance condition and should not be reflected in the grant date fair value of the stock award. The amendments will be effective for the Company for fiscal years that begin after December 15, 2015. The Company will apply the guidance to all stock awards granted or modified after the amendments are. The Company does not expect these amendments to have a material effect on its financial statements. In November 2014, the FASB issued guidance for determining whether embedded features need to be accounted for separately from their host shares. The new guidance requires companies to consider all terms and features, including the embedded feature(s) being evaluated for separate recognition, when determining whether a host contract is more akin to debt or equity; no single term or feature should be considered determinative regarding the nature of the host contract. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption, including adoption in an interim period, permitted. The Company does not expect these amendments to have a material effect on its financial statements. In January 2015, the FASB issued guidance to eliminate from U.S. GAAP the concept of an extraordinary item, which is an event or transaction that is both (1) unusual in nature and (2) infrequently occurring. Under the new guidance, an entity will no longer (1) segregate an extraordinary item from the results of ordinary operations; (2) separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; or (3) disclose income taxes and earnings-per-share data applicable to an extraordinary item. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company will apply the guidance prospectively. The Company does not expect these amendments to have a material effect on its financial statements. In February 2015, the FASB issued guidance which amends the consolidation requirements and significantly changes the consolidation analysis required under U.S. GAAP. Although the amendments are expected to result in the deconsolidation of many entities, the Company will need to reevaluate all its previous consolidation conclusions. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted (including during an interim period), provided that the guidance is applied as of the beginning of the annual period containing the adoption date. The Company does not expect these amendments to have a material effect on its financial statements. In April 2015, the FASB issued guidance that will require debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This update affects disclosures related to debt issuance costs but does not affect existing recognition and measurement guidance for these items. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015 with early adoption permitted. The Company does not expect these amendments to have a material effect on its financial statements. In April 2015, the FASB issued guidance which provides guidance to customers about whether a cloud computing arrangement includes a software license. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015-, with early adoption permitted. The Company does not expect these amendments to have a material effect on its financial statements. In May 2015, the FASB issued guidance which removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted. The Company does not expect these amendments to have a material effect on its financial statements. In August 2015, the FASB issued amendments to the Interest topic of the Accounting Standards Codification to clarify the SEC staff’s position on presenting and measuring debt issuance costs incurred in connection with line-of-credit arrangements. The amendments were effective upon issuance. The Company does not expect these amendments to have a material effect on its financial statements. In September 2015, the FASB amended the Business Combinations topic of the Accounting Standards Codification to simplify the accounting for adjustments made to provisional amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments. The amendments will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted for financial statements that have not been issued. All entities are required to apply the amendments prospectively to adjustments to provisional amounts that occur after the effective date. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 6—Fair Value of Financial Instruments The Company adopted FASB ASC Fair Value Measurement Topic 820, which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level l Quoted prices in active markets for identical assets or liabilities. Level 2 Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. FASB ASC 825-10-50 “Disclosure about Fair Value of Financial Instruments”, requires the Company to disclose estimated fair values for its financial instruments. Fair value estimates, methods, and assumptions are set forth below. Cash and Short Term Investments - Investment Securities - Loans Held for Sale - Loans - fair values are obtained using independent appraisals, which the Company considers to be Level 3 inputs. Other Real Estate Owned (OREO) - Accrued Interest Receivable Interest Rate Swap - Deposits - Federal Home Loan Bank Advances - Short Term Borrowings - Junior Subordinated Debentures - Accrued Interest Payable - Commitments to Extend Credit The carrying amount and estimated fair value by classification level of the Company’s financial instruments as of September 30, 2015 and December 31, 2014 are as follows: September 30, 2015 Fair Value (Dollars in thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 33,011 $ 33,011 $ 33,011 $ — $ — Held-to-maturity securities 16,600 16,609 — 16,609 — Available-for-sale securities 255,182 255,182 821 253,944 417 Other investments, at cost 1,900 1,900 — — 1,900 Loans held for sale 3,568 3,568 — 3,568 — Net loans receivable 479,463 480,083 — 473,367 6,716 Accrued interest 2,614 2,614 2,614 — — Financial liabilities: Non-interest bearing demand $ 157,650 $ 157,650 $ — $ 157,650 $ — NOW and money market accounts 304,153 304,153 — 304,153 — Savings 59,908 59,908 — 59,908 — Time deposits 182,659 183,082 — 183,082 — Total deposits 704,370 704,793 — 704,793 — Federal Home Loan Bank Advances 27,543 29,129 — 29,129 — Short term borrowings 19,908 19,908 — 19,908 — Junior subordinated debentures 15,464 15,482 — 15,482 — Accrued interest payable 699 699 699 — — December 31, 2014 Fair Value (Dollars in thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 22,532 $ 22,532 $ 22,532 $ — $ — Held-to-maturity securities 10,647 10,585 — 10,585 — Available-for-sale securities 270,164 270,164 839 268,908 417 Other investments, at cost 2,003 2,003 — — 2,003 Loans held for sale 4,124 4,124 — 4,124 — Net loans receivable 439,712 441,944 — 433,446 8,498 Accrued interest 2,712 2,712 2,712 — — Financial liabilities: Non-interest bearing demand $ 133,004 $ 133,004 $ — $ 133,004 $ — NOW and money market accounts 287,982 287,982 — 287,982 — Savings 53,583 53,583 — 53,583 — Time deposits 195,014 195,721 — 195,721 — Total deposits 669,583 670,290 — 670,290 — Federal Home Loan Bank Advances 28,807 30,745 — 30,745 — Short term borrowings 17,383 17,383 — 17,383 — Junior subordinated debentures 15,464 15,464 — 15,464 — Accrued interest payable 725 725 725 — — The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of September 30, 2015 and December 31, 2014 that are measured on a recurring basis. There were no liabilities carried at fair value as of September 30, 2015 or December 31, 2014 that are measured on a recurring basis. (Dollars in thousands) Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Description September 30, 2015 (Level 1) (Level 2) (Level 3) Available for sale securities Government sponsored enterprises $ 2,508 $ — $ 2,508 $ — Mortgage-backed securities 141,559 — 141,559 — Small Business Administration securities 58,464 — 58,464 — State and local government 51,353 — 51,353 — Corporate and other securities 1,298 821 60 417 Total $ 255,182 $ 821 $ 253,944 $ 417 (Dollars in thousands) Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Description December 31, 2014 (Level 1) (Level 2) (Level 3) Available for sale securities Government sponsored enterprises $ 3,434 $ — $ 3,434 $ — Mortgage-backed securities 160,353 — 160,353 — Small Business Administration securities 58,545 — 58,545 — State and local government 46,516 — 46,516 — Corporate and other securities 1,316 839 60 417 Total $ 270,164 $ 839 $ 268,908 $ 417 The following table reconciles the changes in Level 3 financial instruments for the nine months ended September 30, 2015 and September 30, 2014 that are measured on a recurring basis. September 30, 2015 2014 ( Dollars in thousands) Corporate Corporate Beginning Balance $ 417 $ 417 Total gains or losses (realized/unrealized) — — Included in other comprehensive income — — Purchases, issuances, and settlements — — Transfers in and/or out of Level 3 — — Ending Balance $ 417 $ 417 The following table reconciles the changes in Level 3 financial instruments for the three months ended September 30, 2015 and September 30, 2014 that are measured on a recurring basis. September 30, 2015 2014 ( Dollars in thousands) Corporate Corporate Beginning Balance $ 417 $ 417 Total gains or losses (realized/unrealized) — — Included in other comprehensive income — — Purchases, issuances, and settlements — — Transfers in and/or out of Level 3 — — Ending Balance $ 417 $ 417 The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of September 30, 2015 and December 31, 2014 that are measured on a non-recurring basis. (Dollars in thousands) Description September 30, Quoted Prices Significant Significant Impaired loans: Commercial & Industrial $ 11 $ — $ — $ 11 Real estate: Mortgage-residential 920 — — 920 Mortgage-commercial 5,785 — — 5,785 Consumer: Home equity — — — — Other — — — — Total impaired 6,716 — — 6,716 Other real estate owned: Construction 276 — — 276 Mortgage-residential 180 — — 180 Mortgage-commercial 1,994 — — 1,994 Total other real estate owned 2,450 — — 2,450 Total $ 9,166 $ — $ — $ 9,166 (Dollars in thousands) Description December 31, 2014 Quoted Prices Significant Significant Impaired loans: Commercial & Industrial $ 55 $ — $ — $ 55 Real estate: Mortgage-residential 1,074 — — 1,074 Mortgage-commercial 7,277 — — 7,277 Consumer: Home equity 92 — — 92 Other — — — — Total impaired 8,498 — — 8,498 Other real estate owned: Construction 424 — — 424 Mortgage-residential 232 — — 232 Mortgage-commercial 2,287 — — 2,287 Total other real estate owned 2,943 — — 2,943 Total $ 11,441 $ — $ — $ 11,441 The Company has a large percentage of loans with real estate serving as collateral. Loans which are deemed to be impaired are primarily valued on a nonrecurring basis at the fair value of the underlying real estate collateral. Such fair values are obtained using independent appraisals, which the Company considers to be Level 3 inputs. Third party appraisals are generally obtained when a loan is identified as being impaired or at the time it is transferred to OREO. This internal process consists of evaluating the underlying collateral to independently obtained comparable properties. With respect to less complex or smaller credits, an internal evaluation may be performed. Generally the independent and internal evaluations are updated annually. Factors considered in determining the fair value include geographic sales trends, the value of comparable surrounding properties as well as the condition of the property. The aggregate amount of impaired loans was $6.7 million and $8.5 million as of September 30, 2015 and December 31, 2014, respectively. For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of September 30, 2015 and December 31, 2014, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value as of Valuation Technique Significant Observable Inputs Significant Unobservable Inputs Preferred stock $ 417 Estimation based on comparable non-listed securities Comparable transactions n/a OREO $2,450 Appraisal Value/Comparison Sales/Other estimates Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost Impaired loans $6,716 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost (Dollars in thousands) Fair Value as of Valuation Technique Significant Observable Inputs Significant Unobservable Inputs Preferred stock $ 417 Estimation based on comparable non-listed securities Comparable transactions n/a OREO $2,943 Appraisal Value/Comparison Sales/Other estimates Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost Impaired loans $8,498 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost

Mergers and Acquisitions - Sava

Mergers and Acquisitions - Savannah River Financial Corporation	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Mergers and Acquisitions - Savannah River Financial Corporation	Note 7—Mergers and Acquisitions – Savannah River Financial Corporation On February 1, 2014, the Company acquired all of the outstanding common stock of Savannah River Financial Corporation (“Savannah River”), of Augusta, Georgia, the bank holding company for Savannah River Banking Company, in a cash and stock transaction. The total purchase price was approximately $33.5 million, consisting of $19.8 million in cash and 1,274,200 shares of our common stock valued at $13.7 million based on a provision in the merger agreement that 60% of the outstanding shares of Savannah River common stock be exchanged for cash and 40% of the outstanding shares of Savannah River common stock be exchanged for shares of the Company’s common stock. The value of the Company’s common stock issued was determined based on the closing price of the Company’s common stock of $10.76 on January 31, 2014 as reported by NASDAQ. Savannah River common shareholders received 1.0618 shares of the Company’s common stock in exchange for each share of Savannah River common stock, or $11.00 per share, subject to the limitations discussed above. The Company issued 1,274,200 shares of its common stock in connection with the merger. The Savannah River transaction was accounted for using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed and consideration exchanged were recorded at estimated fair value on the acquisition date. Fair values are subject to refinement for up to a year. The following table presents the assets acquired and liabilities assumed as of February 1, 2014 as recorded by the Company on the acquisition date and initial fair value adjustments. As Recorded by Fair Value As Recorded (Dollars in thousands, except per share data) Savannah River Adjustments by the Company Assets Cash and cash equivalents $ 8,451 $ — $ 8,451 Investment securities 23,014 126 (a) 23,140 Loans 109,532 (3,016 )(b) 106,516 Premises and equipment 7,695 473 (c) 8,168 Intangible assets — 1,182 (d) 1,182 Bank owned life insurance 3,158 — 3,158 Other assets 1,839 (248 )(e) 1,591 Total assets $ 153,689 $ (1,483 ) $ 152,206 Liabilities Deposits: Noninterest-bearing $ 11,045 $ — $ 11,045 Interest-bearing 102,891 211 (f) 103,102 Total deposits 113,936 211 114,147 FHLB advances 8,684 22 (g) 8,706 Other liabilities 345 — 345 Total liabilities 122,965 233 123,198 Net identifiable assets acquired over (under) liabilities assumed 30,724 (1,716 ) 29,008 Goodwill — 4,507 4,507 Net assets acquired over liabilities assumed $ 30,724 $ 2,791 $ 33,515 Consideration: First Community Corporation common shares issued 1,274,200 Purchase price per share of the Company’s common stock $ 10.76 $ 13,710 Cash exchanged for stock and fractional shares 19,805 Fair value of total consideration transferred $ 33,515 Explanation of fair value adjustments (a)—Adjustment reflects marking the securities portfolio to fair value as of the acquisition date. (b)—Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. and excludes the allowance for loan losses recorded by Savannah River. (c)—Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired premises and equipment. (d)—Adjustment reflects the recording of the core deposit intangible on the acquired deposit accounts. (e)—Adjustment reflects the deferred tax adjustment related to fair value adjustments at 34%. (f)—Adjustment reflects the fair value adjustment on interest-bearing deposits. (g)—Adjustment reflects the fair value adjustment on FHLB Advances which was equal to the prepayment fee paid to pay-off the FHLB Advances upon consummation of the merger. The operating results of the Company for the period ended September 30, 2014 include the operating results of the acquired assets and assumed liabilities for the 242 days subsequent to the acquisition date of February 1, 2014. Merger-related charges related to the Savannah River acquisition of $435 thousand are recorded in the consolidated statement of income and include incremental costs related to closing the acquisition, including legal, accounting and auditing, investment banker, travel, printing, supplies and other costs. The following table discloses the impact of the merger with Savannah River (excluding the impact of merger-related expenses) since the acquisition on February 1, 2014 through September 30, 2014. The table also presents certain pro forma information as if Savannah River had been acquired on January 1, 2014. These results combine the historical results of Savannah River in the Company’s consolidated statement of income and, while certain adjustments were made for the estimated impact of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition taken place on January 1, 2014. The results for the three months ended September 30, 2014 and three and nine month periods ended September 30, 2015 do not have any material merger related expenses and include the impact of the Savannah River acquisition for the entire period, and therefore, no pro-forma information is presented for such periods. Actual since Acquisition Pro Forma (February 1, 2014 through Nine Months Ended (Dollars in thousands) September 30, 2014) September 30, 2014 Total revenues (net interest income plus noninterest income) $ 21,377 $ 24,132 Net income $ 3,553 $ 3,760 On September 26, 2014, First Community Bank (the “Bank”), the wholly-owned subsidiary of the Company, completed the acquisition of approximately $40 million in deposits and $8.7 million in loans from First South Bank (“First South”). This represented all of the deposits and a portion of the loans at First South’s Columbia, South Carolina banking office located at 1333 Main Street. The Bank paid a premium of $714 thousand for the deposits and loans acquired. The deposits and loans from First South have been consolidated into the Bank’s branch located at 1213 Lady Street, Columbia, South Carolina. The premium paid of $714 thousand plus fair value adjustments recorded on loans and deposits acquired resulted in a core deposit intangible of $365.9 thousand and other identifiable intangible assets in the amount of $538.6 thousand being recorded related to this transaction.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 8—Subsequent Events Subsequent events In early October 2015, the State of South Carolina experienced a historic weather event. The Midlands area of the state was particularly hard hit by devastating flooding. We experienced damage in only one of our banking offices and our operations were not significantly impacted. We are currently in the process of evaluating the effect on our customers and the potential impact this could have on our loan portfolio, although our initial indications are that the effects of the flooding have not had a material adverse impact on our loan portfolio. We are committed to working with and assisting any of our customers that have been impacted by this historic weather event.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of reconciliation of the numerator and denominator of the basic and diluted earnings per common share computation	The following reconciles the numerator and denominator of the basic and diluted earnings per common share computation: (Dollars in thousands, except average market price) Nine months Three months Ended September 30, Ended September 30, 2015 2014 2015 2014 Numerator (Net income available to common shareholders) $ 4,526 $ 3,615 $ 1,679 $ 1,552 Denominator Weighted average common shares outstanding for: Basic earnings per share 6,549 6,496 6,560 6,659 Dilutive securities: Deferred compensation 23 23 25 22 Warrants/Restricted stock – Treasury stock method 127 46 127 46 Diluted earnings per share 6,699 6,565 6,712 6,727 The average market price used in calculating assumed number of shares $ 11.89 $ 10.82 $ 12.16 $ 10.73

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and estimated fair values of available-for-sale	AVAILABLE-FOR-SALE: (Dollars in thousands) Amortized Gross Gross Fair Value September 30, 2015: Government sponsored enterprises $ 2,448 $ 60 $ — $ 2,508 Mortgage-backed securities 140,725 1,252 418 141,559 Small Business Administration pools 58,340 483 359 58,464 State and local government 49,979 1,445 71 51,353 Corporate and other securities 1,348 — 50 1,298 $ 252,840 $ 3,240 $ 898 $ 255,182 December 31, 2014: Government sponsored enterprises $ 3,403 $ 45 $ 14 $ 3,434 Mortgage-backed securities 159,861 1,211 719 160,353 Small Business Administration pools 58,643 385 483 58,545 State and local government 45,102 1,523 109 46,516 Corporate and other securities 1,349 — 33 1,316 $ 268,358 $ 3,164 $ 1,358 $ 270,164
Schedule of amortized cost and estimated fair values of held-to-maturity securities	HELD-TO-MATURITY: (Dollars in thousands) Amortized Gross Gross Fair Value September 30, 2015: State and local government $ 16,600 $ 116 $ 107 $ 16,609 $ 16,600 $ 116 $ 107 $ 16,609 December 31, 2014: State and local government $ 10,647 $ 6 $ 68 $ 10,585 $ 10,647 $ 6 $ 68 $ 10,585
Schedule of gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position	The following tables show gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position, at September 30, 2015 and December 31, 2014. Less than 12 months 12 months or more Total September 30, 2015 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available-for-sale securities: Government Sponsored Enterprises $ — $ — $ — $ — $ — $ — Government Sponsored Enterprise mortgage-backed securities 20,407 130 19,034 284 39,441 414 Small Business Administration pools 14,510 106 21,283 253 35,793 359 Non-agency mortgage-backed securities 114 2 188 2 302 4 State and local government 3,798 16 2,329 55 6,127 71 Corporate bonds and other — — 822 50 822 50 Total $ 38,829 $ 254 $ 43,656 $ 644 $ 82,485 $ 898 Less than 12 months 12 months or more Total December 31, 2014 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available-for-sale securities: Government Sponsored Enterprises $ — $ — $ 1,486 $ 14 $ 1,486 $ 14 Government Sponsored Enterprise mortgage-backed securities 38,341 283 26,232 429 64,573 712 Small Business Administration pools 12,313 89 20,896 394 33,209 483 Non-agency mortgage-backed securities 576 6 18 1 594 7 State and local government — — 5,270 109 5,270 109 Corporate bonds and other — — 889 33 889 33 Total $ 51,230 $ 378 $ 54,791 $ 980 $ 106,021 $ 1,358 Less than 12 months 12 months or more Total September 30, 2015 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Held-to-maturity securities: State and local government $ 7,444 $ 107 $ — $ — $ 7,444 $ 107 Total $ 7,444 $ 107 $ — $ — $ 7,444 $ 107 Less than 12 months 12 months or more Total December 31, 2014 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Held-to-maturity securities: State and local government $ 8,655 $ 68 $ — $ — $ 8,655 $ 68 Total $ 8,655 $ 68 $ — $ — $ 8,655 $ 68
Schedule of the amortized cost and fair value of investment securities by expected maturity	The following sets forth the amortized cost and fair value of investment securities at September 30, 2015 by contractual maturity. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay the obligations with or without prepayment penalties. MBSs are based on average life at estimated prepayment speeds. Available-for-sale Held-to-maturity (Dollars in thousands) Amortized Fair Amortized Fair Due in one year or less $ 6,897 $ 6,926 $ — $ — Due after one year through five years 141,611 142,838 3,888 3,917 Due after five years through ten years 92,918 94,097 12,132 12,123 Due after ten years 11,414 11,321 580 569 $ 252,840 $ 255,182 $ 16,600 $ 16,609

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Summary of loans by category	Loans summarized by category as of September 30, 2015, December 31, 2014 and September 30, 2014 are as follows: September 30, December 31, September 30, (Dollars in thousands) 2015 2014 2014 Commercial, financial and agricultural $ 38,020 $ 33,403 $ 33,147 Real estate: Construction 33,127 27,545 22,738 Mortgage-residential 49,135 48,510 47,369 Mortgage-commercial 323,513 293,186 305,013 Consumer: Home equity 31,154 33,000 32,435 Other 8,982 8,200 7,854 Total $ 483,931 $ 443,844 $ 448,556
Schedule of activity in the allowance for loan losses and the recorded investment in loans receivable	The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the nine months ended September 30, 2015 and September 30, 2014 and for the year ended December 31, 2014 is as follows: (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total September 30, 2015 Allowance for loan losses: Beginning balance $ 67 $ 45 $ 179 $ 1,572 $ 134 $ 44 $ 2,091 $ 4,132 Charge-offs (56 ) — (39 ) (625 ) — (44 ) — (764 ) Recoveries 5 — 6 16 3 80 — 110 Provisions 154 130 53 861 (17 ) (25 ) (166 ) 990 Ending balance $ 170 $ 175 $ 199 $ 1,824 $ 120 $ 55 $ 1,925 $ 4,468 Ending balances: Individually evaluated $ — $ — $ 3 $ 1 $ — $ — $ — $ 4 Collectively evaluated 170 175 196 1,823 120 55 1,925 4,464 Loans receivable: Ending balance-total $ 38,020 $ 33,127 $ 49,135 $ 323,513 $ 31,154 $ 8,982 $ — $ 483,931 Ending balances: Individually evaluated 11 — 923 5,786 — — — 6,720 Collectively evaluated $ 38,009 $ 33,127 $ 48,212 $ 317,727 $ 31,154 $ 8,982 $ — $ 477,211 (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total September 30, 2014 Allowance for loan losses: Beginning balance $ 233 $ 26 $ 291 $ 1,117 $ 112 $ 80 $ 2,360 $ 4,219 Charge-offs (2 ) — (39 ) (689 ) — (95 ) — (825 ) Recoveries 32 — 15 — — 13 — 60 Provisions (116 ) 12 (101 ) 1,171 — 65 (329 ) 702 Ending balance $ 147 $ 38 $ 166 $ 1,599 $ 112 $ 63 $ 2,031 $ 4,156 Ending balances: Individually evaluated $ — $ — $ 4 $ — $ — $ — $ — $ 4 Collectively evaluated 147 38 162 1,599 112 63 2,031 4,152 Loans receivable: Ending balance-total $ 33,147 $ 22,738 $ 47,369 $ 305,013 $ 32,435 $ 7,854 $ — $ 448,556 Ending balances: Individually evaluated 58 — 1,038 6,152 93 5 — 7,346 Collectively evaluated $ 33,089 $ 22,738 $ 46,331 $ 298,861 $ 32,342 $ 7,849 $ — $ 441,210 (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total December 31, 2014 Allowance for loan losses: Beginning balance $ 233 $ 26 $ 291 $ 1,117 $ 112 $ 80 $ 2,360 $ 4,219 Charge-offs (54 ) — (52 ) (879 ) (17 ) (109 ) — (1,111 ) Recoveries 110 — 10 — 6 17 — 143 Provisions (222 ) 19 (70 ) 1,334 33 56 (269 ) 881 Ending balance $ 67 $ 45 $ 179 $ 1,572 $ 134 $ 44 $ 2,091 $ 4,132 Ending balances: Individually evaluated $ — $ — $ 4 $ 57 $ — $ — $ — $ 61 Collectively evaluated 67 45 175 1,515 134 44 2,091 4,071 Loans receivable: Ending balance-total $ 33,403 $ 27,545 $ 48,510 $ 293,186 $ 33,000 $ 8,200 $ — $ 443,844 Ending balances: Individually evaluated 55 — 1,078 7,334 92 — — 8,559 Collectively evaluated $ 33,348 $ 27,545 $ 47,432 $ 285,852 $ 32,908 $ 8,200 $ — $ 435,285 The detailed activity in the allowance for loan losses as of and for the three months ended September 30, 2015 and the three months ended September 30, 2014 is as follows: (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total 2015 Allowance for loan losses: Beginning balance $ 221 $ 124 $ 179 $ 1,774 $ 119 $ 60 $ 1,804 $ 4,281 Charge-offs — — (13 ) — — (17 ) — (30 ) Recoveries 2 — 4 11 1 6 — 24 Provisions (53 ) 51 29 39 — 6 121 193 Ending balance $ 170 $ 175 $ 199 $ 1,824 $ 120 $ 55 $ 1,925 $ 4,468 (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer Commercial Construction Residential Commercial Home equity Other Unallocated Total 2014 Allowance for loan losses: Beginning balance $ 180 $ 109 $ 206 $ 1,317 $ 118 $ 52 $ 2,084 $ 4,066 Charge-offs (2 ) — (4 ) — — (75 ) — (81 ) Recoveries 8 — 6 — — 5 — 19 Provisions (39 ) (71 ) (42 ) 282 (6 ) 81 (53 ) 152 Ending balance $ 147 $ 38 $ 166 $ 1,599 $ 112 $ 63 $ 2,031 $ 4,156
Schedule of loans individually evaluated and considered impaired	The following table presents at September 30, 2015 and December 31, 2014 loans individually evaluated and considered impaired under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing troubled debt restructurings (“TDRs”). (Dollars in thousands) September 30, December 31, 2015 2014 Total loans considered impaired $ 6,720 $ 8,559 Loans considered impaired for which there is a related allowance for loan loss: Outstanding loan balance 83 1,959 Related allowance 4 61 Loans considered impaired and previously written down to fair value 6,637 6,600 Average impaired loans 9,627 10,900
Schedule of loan category and loans individually evaluated and considered impaired	The following tables are by loan category and present at September 30, 2015, December 31, 2014 and September 30, 2014 loans individually evaluated and considered impaired under FASB ASC 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing TDRs. (Dollars in thousands) Nine months ended Three months ended Unpaid Average Interest Average Interest September 30, 2015 Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no allowance recorded: Commercial $ 11 $ 11 $ — $ 14 $ — $ 13 $ — Real estate: Construction — — — — — — — Mortgage-residential 873 952 — 1,140 71 1,133 1 Mortgage-commercial 5,753 8,149 — 8,388 — 8,293 — Consumer: Home Equity — — — — — — — Other — — — — — — — With an allowance recorded: Commercial — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 50 50 3 51 2 50 — Mortgage-commercial 33 33 1 34 2 34 — Consumer: Home Equity — — — — — — — Other — — — — — — — Total: Commercial $ 11 $ 11 $ — $ 14 $ — $ 13 $ — Real estate: Construction — — — — — — — Mortgage-residential 923 1,002 3 1,191 73 1,183 1 Mortgage-commercial 5,786 8,182 1 8,422 2 8,327 — Consumer: Home Equity — — — — — — — Other — — — — — — — $ 6,720 $ 9,195 $ 4 $ 9,627 $ 75 $ 9,523 $ 1 (Dollars in thousands) Nine months ended Three months ended Unpaid Average Interest Average Interest September 30, 2014 Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no allowance recorded: Commercial $ 58 $ 115 $ — $ 133 $ — $ 131 $ 0 Real estate: Construction — — — — — — — Mortgage-residential 985 1,344 — 1,227 5 1,221 — Mortgage-commercial 6,152 7,381 — 7,326 39 7,236 9 Consumer: Home Equity 93 97 — 79 — 86 — Other 5 5 — 8 — 6 With an allowance recorded: Commercial — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 53 53 4 54 2 54 1 Mortgage-commercial — — — — — — — Consumer: Home Equity — — — — — — — Other — — — — — — — Total: Commercial $ 58 $ 115 $ — $ 133 $ — $ 131 $ — Real estate: Construction — — — — — — — Mortgage-residential 1,038 1,397 4 1,281 7 1,275 1 Mortgage-commercial 6,152 7,381 — 7,326 39 7,236 9 Consumer: Home Equity 93 97 — 79 — 86 — Other 5 5 — 8 — 6 $ 7,346 $ 8,995 $ 4 $ 8,827 $ 46 $ 8,734 $ 10 (Dollars in thousands) December 31, 2014 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ 55 $ 112 $ — $ 132 $ 3 Real estate: Construction — — — — — Mortgage-residential 1,025 1,167 — 1,071 8 Mortgage-commercial 5,428 6,469 — 7,634 64 Consumer: Home Equity 92 97 — 83 — Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 53 53 4 54 3 Mortgage-commercial 1,906 2,134 57 1,926 85 Consumer: Home Equity — — — — — Other — — — — — Total: Commercial $ 55 $ 112 $ — $ 132 $ 3 Real estate: Construction — — — — — Mortgage-residential 1,078 1,220 4 1,125 11 Mortgage-commercial 7,334 8,603 57 9,560 149 Consumer: Home Equity 92 97 — 83 — Other — — — — — $ 8,559 $ 10,032 $ 61 $ 10,900 $ 163
Schedule of loan category and loan by risk categories	(Dollars in thousands) September 30, 2015 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 37,682 $ 312 $ 26 $ — $ 38,020 Real estate: Construction 32,406 721 — — 33,127 Mortgage – residential 46,572 1,456 1,107 — 49,135 Mortgage – commercial 305,582 9,009 8,922 — 323,513 Consumer: Home Equity 30,833 189 132 — 31,154 Other 8,962 1 19 — 8,982 Total $ 462,037 $ 11,688 $ 10,206 $ — $ 483,931 (Dollars in thousands) December 31, 2014 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 32,579 $ 754 $ 70 $ — $ 33,403 Real estate: Construction 26,824 721 — — 27,545 Mortgage – residential 46,090 1,054 1,366 — 48,510 Mortgage – commercial 270,986 10,437 11,763 — 293,186 Consumer: Home Equity 32,008 751 241 — 33,000 Other 8,041 100 59 — 8,200 Total $ 416,528 $ 13,817 $ 13,499 $ — $ 443,844
Schedule of PCI Loan portfolio at fair value	In conjunction with the acquisition of Savannah River (as defined below) on February 1, 2014, the acquired PCI loan portfolio was accounted for at fair value as follows: (Dollars in thousands) February 1, 2014 Contractual principal and interest at acquisition $ 5,717 Nonaccretable difference (1,205 ) Expected cash flows at acquisition 4,512 Accretable yield (272 ) Basis in PCI loans at acquisition – estimated fair value $ 4,240
Schedule for changes in the accretable yield for PCI loans	A summary of changes in the accretable yield for PCI loans for the three and nine months ended September 30, 2015 and September 30, 2014 follows (dollars in thousands): Three Months Nine Months Accretable yield, beginning of period $ 135 $ 75 Accretion (42 ) (513 ) Reclassification of nonaccretable difference due to improvement in — 531 Accretable yield, end of period $ 93 $ 93 Three Months Nine Months Accretable yield, beginning of period $ 164 $ 272 Accretion (49 ) (132 ) Reclassification of nonaccretable difference due to improvement in — (25 ) Accretable yield, end of period $ 115 $ 115
Schedule of loan category and present loans past due and on non-accrual status	The following tables are by loan category and present loans past due and on non-accrual status as of September 30, 2015 and December 31, 2014: (Dollars in thousands) 30-59 Days 60-89 Days Past Due Greater than 90 Days and Accruing Nonaccrual Total Past Due Current Total Loans Commercial $ — $ 34 $ — $ 11 $ 45 $ 37,975 $ 38,020 Real estate: Construction — — — — — 33,127 33,127 Mortgage-residential 93 134 — 873 1,100 48,035 49,135 Mortgage-commercial 847 650 — 4,183 5,680 317,833 323,513 Consumer: Home equity 36 — — — 36 31,118 31,154 Other 3 9 2 — 14 8,968 8,982 Total $ 979 $ 827 $ 2 $ 5,067 $ 6,875 $ 477,056 $ 483,931 (Dollars in thousands) 30-59 Days 60-89 Days Past Due Greater than 90 Days and Accruing Nonaccrual Total Past Due Current Total Loans Commercial $ — $ — $ — $ 55 $ 147 $ 33,256 $ 33,403 Real estate: Construction — 2 — — 2 27,543 27,545 Mortgage-residential 131 5 — 1,025 1,161 47,349 48,510 Mortgage-commercial 1,443 4 — 5,413 6,860 286,326 293,186 Consumer: Home equity 19 — — 92 111 32,899 33,000 Other 63 6 — — 69 8,131 8,200 Total $ 1,748 $ 17 $ — $ 6,585 $ 8,350 $ 435,494 $ 443,844
Schedule by loan category, present loans determined to be TDRs in the last twelve months that had payment defaults during the period	Troubled Debt Restructurings For the nine months ended September 30, 2014 (Dollars in thousands) Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment Nonaccrual Mortgage-Commercial 1 $ 1,730 $ 1,730 Mortgage-Residential 1 $ 180 $ 180 Total TDRs 2 $ 1,910 $ 1,910

Fair Value of Financial Instr20

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of carrying amount and estimated fair value by classification Level of the Company's financial instruments	The carrying amount and estimated fair value by classification level of the Company’s financial instruments as of September 30, 2015 and December 31, 2014 are as follows: September 30, 2015 Fair Value (Dollars in thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 33,011 $ 33,011 $ 33,011 $ — $ — Held-to-maturity securities 16,600 16,609 — 16,609 — Available-for-sale securities 255,182 255,182 821 253,944 417 Other investments, at cost 1,900 1,900 — — 1,900 Loans held for sale 3,568 3,568 — 3,568 — Net loans receivable 479,463 480,083 — 473,367 6,716 Accrued interest 2,614 2,614 2,614 — — Financial liabilities: Non-interest bearing demand $ 157,650 $ 157,650 $ — $ 157,650 $ — NOW and money market accounts 304,153 304,153 — 304,153 — Savings 59,908 59,908 — 59,908 — Time deposits 182,659 183,082 — 183,082 — Total deposits 704,370 704,793 — 704,793 — Federal Home Loan Bank Advances 27,543 29,129 — 29,129 — Short term borrowings 19,908 19,908 — 19,908 — Junior subordinated debentures 15,464 15,482 — 15,482 — Accrued interest payable 699 699 699 — — December 31, 2014 Fair Value (Dollars in thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 22,532 $ 22,532 $ 22,532 $ — $ — Held-to-maturity securities 10,647 10,585 — 10,585 — Available-for-sale securities 270,164 270,164 839 268,908 417 Other investments, at cost 2,003 2,003 — — 2,003 Loans held for sale 4,124 4,124 — 4,124 — Net loans receivable 439,712 441,944 — 433,446 8,498 Accrued interest 2,712 2,712 2,712 — — Financial liabilities: Non-interest bearing demand $ 133,004 $ 133,004 $ — $ 133,004 $ — NOW and money market accounts 287,982 287,982 — 287,982 — Savings 53,583 53,583 — 53,583 — Time deposits 195,014 195,721 — 195,721 — Total deposits 669,583 670,290 — 670,290 — Federal Home Loan Bank Advances 28,807 30,745 — 30,745 — Short term borrowings 17,383 17,383 — 17,383 — Junior subordinated debentures 15,464 15,464 — 15,464 — Accrued interest payable 725 725 725 — —
Schedule of fair value for each category of assets carried at fair value that are measured on a recurring basis	The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of September 30, 2015 and December 31, 2014 that are measured on a recurring basis. There were no liabilities carried at fair value as of September 30, 2015 or December 31, 2014 that are measured on a recurring basis. (Dollars in thousands) Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Description September 30, 2015 (Level 1) (Level 2) (Level 3) Available for sale securities Government sponsored enterprises $ 2,508 $ — $ 2,508 $ — Mortgage-backed securities 141,559 — 141,559 — Small Business Administration securities 58,464 — 58,464 — State and local government 51,353 — 51,353 — Corporate and other securities 1,298 821 60 417 Total $ 255,182 $ 821 $ 253,944 $ 417 (Dollars in thousands) Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Description December 31, 2014 (Level 1) (Level 2) (Level 3) Available for sale securities Government sponsored enterprises $ 3,434 $ — $ 3,434 $ — Mortgage-backed securities 160,353 — 160,353 — Small Business Administration securities 58,545 — 58,545 — State and local government 46,516 — 46,516 — Corporate and other securities 1,316 839 60 417 Total $ 270,164 $ 839 $ 268,908 $ 417
Schedule reconciling the changes in Level 3 financial instruments measured on a recurring basis	The following table reconciles the changes in Level 3 financial instruments for the nine months ended September 30, 2015 and September 30, 2014 that are measured on a recurring basis. September 30, 2015 2014 ( Dollars in thousands) Corporate Corporate Beginning Balance $ 417 $ 417 Total gains or losses (realized/unrealized) — — Included in other comprehensive income — — Purchases, issuances, and settlements — — Transfers in and/or out of Level 3 — — Ending Balance $ 417 $ 417 The following table reconciles the changes in Level 3 financial instruments for the three months ended September 30, 2015 and September 30, 2014 that are measured on a recurring basis. September 30, 2015 2014 ( Dollars in thousands) Corporate Corporate Beginning Balance $ 417 $ 417 Total gains or losses (realized/unrealized) — — Included in other comprehensive income — — Purchases, issuances, and settlements — — Transfers in and/or out of Level 3 — — Ending Balance $ 417 $ 417
Schedule of the fair value for each category of assets carried at fair value that are measured on a non-recurring basis	The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of September 30, 2015 and December 31, 2014 that are measured on a non-recurring basis. (Dollars in thousands) Description September 30, Quoted Prices Significant Significant Impaired loans: Commercial & Industrial $ 11 $ — $ — $ 11 Real estate: Mortgage-residential 920 — — 920 Mortgage-commercial 5,785 — — 5,785 Consumer: Home equity — — — — Other — — — — Total impaired 6,716 — — 6,716 Other real estate owned: Construction 276 — — 276 Mortgage-residential 180 — — 180 Mortgage-commercial 1,994 — — 1,994 Total other real estate owned 2,450 — — 2,450 Total $ 9,166 $ — $ — $ 9,166 (Dollars in thousands) Description December 31, 2014 Quoted Prices Significant Significant Impaired loans: Commercial & Industrial $ 55 $ — $ — $ 55 Real estate: Mortgage-residential 1,074 — — 1,074 Mortgage-commercial 7,277 — — 7,277 Consumer: Home equity 92 — — 92 Other — — — — Total impaired 8,498 — — 8,498 Other real estate owned: Construction 424 — — 424 Mortgage-residential 232 — — 232 Mortgage-commercial 2,287 — — 2,287 Total other real estate owned 2,943 — — 2,943 Total $ 11,441 $ — $ — $ 11,441
Schedule of significant unobservable inputs used in the fair value measurements	For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of September 30, 2015 and December 31, 2014, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value as of Valuation Technique Significant Observable Inputs Significant Unobservable Inputs Preferred stock $ 417 Estimation based on comparable non-listed securities Comparable transactions n/a OREO $2,450 Appraisal Value/Comparison Sales/Other estimates Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost Impaired loans $6,716 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost (Dollars in thousands) Fair Value as of Valuation Technique Significant Observable Inputs Significant Unobservable Inputs Preferred stock $ 417 Estimation based on comparable non-listed securities Comparable transactions n/a OREO $2,943 Appraisal Value/Comparison Sales/Other estimates Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost Impaired loans $8,498 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost

Mergers and Acquisitions - Sa21

Mergers and Acquisitions - Savannah River Financial Corporation (Tables)	9 Months Ended
	Sep. 30, 2015
Mergers And Acquisitions - Savannah River Financial Corporation Tables
Schedule of Assets Acquired and Liabilities Assumed - Initial Fair Value Adjustment	The following table presents the assets acquired and liabilities assumed as of February 1, 2014 as recorded by the Company on the acquisition date and initial fair value adjustments. As Recorded by Fair Value As Recorded (Dollars in thousands, except per share data) Savannah River Adjustments by the Company Assets Cash and cash equivalents $ 8,451 $ — $ 8,451 Investment securities 23,014 126 (a) 23,140 Loans 109,532 (3,016 )(b) 106,516 Premises and equipment 7,695 473 (c) 8,168 Intangible assets — 1,182 (d) 1,182 Bank owned life insurance 3,158 — 3,158 Other assets 1,839 (248 )(e) 1,591 Total assets $ 153,689 $ (1,483 ) $ 152,206 Liabilities Deposits: Noninterest-bearing $ 11,045 $ — $ 11,045 Interest-bearing 102,891 211 (f) 103,102 Total deposits 113,936 211 114,147 FHLB advances 8,684 22 (g) 8,706 Other liabilities 345 — 345 Total liabilities 122,965 233 123,198 Net identifiable assets acquired over (under) liabilities assumed 30,724 (1,716 ) 29,008 Goodwill — 4,507 4,507 Net assets acquired over liabilities assumed $ 30,724 $ 2,791 $ 33,515 Consideration: First Community Corporation common shares issued 1,274,200 Purchase price per share of the Company’s common stock $ 10.76 $ 13,710 Cash exchanged for stock and fractional shares 19,805 Fair value of total consideration transferred $ 33,515 Explanation of fair value adjustments (a)—Adjustment reflects marking the securities portfolio to fair value as of the acquisition date. (b)—Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. and excludes the allowance for loan losses recorded by Savannah River. (c)—Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired premises and equipment. (d)—Adjustment reflects the recording of the core deposit intangible on the acquired deposit accounts. (e)—Adjustment reflects the deferred tax adjustment related to fair value adjustments at 34%. (f)—Adjustment reflects the fair value adjustment on interest-bearing deposits. (g)—Adjustment reflects the fair value adjustment on FHLB Advances which was equal to the prepayment fee paid to pay-off the FHLB Advances upon consummation of the merger.
Schedule of Impact of Merger and Pro Forma Information	Actual since Acquisition Pro Forma (February 1, 2014 through Nine Months Ended (Dollars in thousands) September 30, 2014) September 30, 2014 Total revenues (net interest income plus noninterest income) $ 21,377 $ 24,132 Net income $ 3,553 $ 3,760

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Numerator (Net income)	$ 1,679	$ 1,552	$ 4,526	$ 3,615
Weighted average common shares outstanding for:
Basic earnings per share	6,560	6,659	6,549	6,496
Dilutive securities:
Deferred compensation (in shares)	25	22	23	23
Warrants/Restricted stock -Treasury stock method (in shares)	127	46	127	46
Diluted earnings per share (in shares)	6,712	6,727	6,699	6,565
The average market price used in calculating assumed number of shares (in dollars per share)	$ 12.16	$ 10.73	$ 11.89	$ 10.82

Earnings Per Common Share (De23

Earnings Per Common Share (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Dec. 16, 2012	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Outstanding securities not deemed to be dilutive (in shares)			69,903
Exercise price of Option (per share)			$ 20.15
Warrants outstanding (in shares)		97,100
Unrecognized Compensation Cost		$ 426		$ 673
Restricted Stock Units (RSUs) [Member]
Restricted shares issued (in shares)		157,000
Junior Subordinated Debt [Member]
Debt issued	$ 2,500
Common Stock Warrant [Member]
Warrants outstanding (in shares)	107,500
Warrant issue price (per share)	$ 5.90

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 252,840	$ 268,358
Gross Unrealized Gains	3,240	3,164
Gross Unrealized Losses	898	1,358
Fair Value	255,182	270,164
Government sponsored enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,448	3,403
Gross Unrealized Gains	$ 60	45
Gross Unrealized Losses		14
Fair Value	$ 2,508	3,434
Government Sponsored Enterprise mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	140,725	159,861
Gross Unrealized Gains	1,252	1,211
Gross Unrealized Losses	418	719
Fair Value	141,559	160,353
Small Business Administration pools [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	58,340	58,643
Gross Unrealized Gains	483	385
Gross Unrealized Losses	359	483
Fair Value	58,464	58,545
State and local government [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	49,979	45,102
Gross Unrealized Gains	1,445	1,523
Gross Unrealized Losses	71	109
Fair Value	51,353	46,516
Corporate and other securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 1,348	$ 1,349
Gross Unrealized Gains
Gross Unrealized Losses	$ 50	$ 33
Fair Value	$ 1,298	$ 1,316

Investment Securities (Details

Investment Securities (Details 2) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amortized Cost	$ 16,600	$ 10,647
Gross Unrealized Gains	116	6
Gross Unrealized Losses	107	68
Fair Value	16,609	10,585
State and local government [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amortized Cost	16,600	10,647
Gross Unrealized Gains	116	6
Gross Unrealized Losses	107	68
Fair Value	$ 16,609	$ 10,585

Investment Securities (Detail26

Investment Securities (Details 3) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Available-for-sale securities
Less Than 12 Months, Fair Value	$ 38,829	$ 51,230
Less Than 12 Months, Unrealized Losses	254	378
12 Months Or Longer, Fair Value	43,656	54,791
12 Months Or Longer, Unrealized Losses	644	980
Total Fair Value	82,485	106,021
Total Unrealized Losses	898	1,358
Held-to-maturity debt securities
Less Than 12 Months, Fair Value	7,444	8,655
Less Than 12 Months, Unrealized Losses	$ 107	$ 68
12 Months Or Longer, Fair Value
12 Months Or Longer, Unrealized Losses
Total Fair Value	$ 7,444	$ 8,655
Total Unrealized Losses	$ 107	$ 68
Government sponsored enterprises [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months Or Longer, Fair Value		$ 1,486
12 Months Or Longer, Unrealized Losses		14
Total Fair Value		1,486
Total Unrealized Losses		14
Government Sponsored Enterprise mortgage-backed securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	$ 20,407	38,341
Less Than 12 Months, Unrealized Losses	130	283
12 Months Or Longer, Fair Value	19,034	26,232
12 Months Or Longer, Unrealized Losses	284	429
Total Fair Value	39,441	64,573
Total Unrealized Losses	414	712
Small Business Administration pools [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	14,510	12,313
Less Than 12 Months, Unrealized Losses	106	89
12 Months Or Longer, Fair Value	21,283	20,896
12 Months Or Longer, Unrealized Losses	253	394
Total Fair Value	35,793	33,209
Total Unrealized Losses	359	483
Non-agency mortgage-backed securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	114	576
Less Than 12 Months, Unrealized Losses	2	6
12 Months Or Longer, Fair Value	188	18
12 Months Or Longer, Unrealized Losses	2	1
Total Fair Value	302	594
Total Unrealized Losses	4	$ 7
State and local government [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	3,798
Less Than 12 Months, Unrealized Losses	16
12 Months Or Longer, Fair Value	2,329	$ 5,270
12 Months Or Longer, Unrealized Losses	55	109
Total Fair Value	6,127	5,270
Total Unrealized Losses	71	109
Held-to-maturity debt securities
Less Than 12 Months, Fair Value	7,444	8,655
Less Than 12 Months, Unrealized Losses	$ 107	$ 68
12 Months Or Longer, Fair Value
12 Months Or Longer, Unrealized Losses
Total Fair Value	$ 7,444	$ 8,655
Total Unrealized Losses	$ 107	$ 68
Corporate and other securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months Or Longer, Fair Value	$ 822	$ 889
12 Months Or Longer, Unrealized Losses	50	33
Total Fair Value	822	889
Total Unrealized Losses	$ 50	$ 33

Investment Securities (Detail27

Investment Securities (Details 4) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Available-for-sale, Amortized Cost
Due in one year or less	$ 6,897,000
Due after one year through five years	141,611,000
Due after five years through ten years	92,918,000
Due after ten years	11,414,000
Total	252,840,000	$ 268,358,000
Available-for-sale, Fair Value
Due in one year or less	6,926,000
Due after one year through five years	142,838,000
Due after five years through ten years	94,097,000
Due after ten years	11,321,000
Total	$ 255,182,000	270,164,000
Held To Maturity Securities, Amortized Cost
Due in one year or less
Due after one year through five years	$ 3,888,000
Due after five years through ten years	12,132,000
Due after ten years	580,000
Total	$ 16,600,000	10,647,000
Held To Maturity Securities, Fair value
Due in one year or less
Due after one year through five years	$ 3,917,000
Due after five years through ten years	12,123,000
Due after ten years	569,000
Total	$ 16,609,000	$ 10,585,000

Investment Securities (Detail28

Investment Securities (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Amortized Cost	$ 252,840,000		$ 252,840,000		$ 268,358,000
Fair Value	255,182,000		255,182,000		270,164,000
FHLB Stock	1,900,000		1,900,000		2,000,000
Proceeds from sale of investment securities available-for-sale	10,100,000	$ 15,400,000	17,061,000	$ 43,589,000
Gross realized gains		57,000	$ 271,000	205,000
Gross realized losses		$ 40,000		$ 103,000
Government Sponsored Enterprise mortgage-backed securities [Member]
Amortized Cost	140,700,000		$ 140,700,000		159,100,000
Fair Value	141,600,000		141,600,000		159,700,000
Foreign Corporate Debt Securities [Member]
Fair Value	60,300		60,300		60,300
Mutual Funds [Member]
Fair Value	821,400		821,400		839,200
Corporate Preferred Stock [Member]
Fair Value	416,800		416,800		416,800
Non-agency mortgage-backed securities [Member]
Amortized Cost	583,100		583,100		736,600
Fair Value	$ 581,500		$ 581,500		$ 734,400

Loans (Details)

Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 483,931	$ 443,844	$ 448,556
Commercial Financial and Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	38,020	33,403	33,147
Real Estate Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	33,127	27,545	22,738
Real estate Mortgage-residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	49,135	48,510	47,369
Real estate Mortgage-commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	323,513	293,186	305,013
Consumer Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	31,154	33,000	32,435
Consumer Other Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 8,982	$ 8,200	$ 7,854

Loans (Details 2)

Loans (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Activity in the allowance for loan losses
Balance at the beginning of the period	$ 4,281	$ 4,066	$ 4,132	$ 4,219	$ 4,219
Charge-offs	(30)	(81)	(764)	(825)	(1,111)
Recoveries	24	19	110	60	143
Provisions	193	152	990	702	881
Balance at end of the period	4,468	4,156	4,468	4,156	4,132
Allowance for loan losses
Individually evaluated for impairment	4	4	4	4	61
Collectively evaluated for impairment	4,464	4,152	4,464	4,152	4,071
Loans receivable:
Ending balance-total	483,931	448,556	483,931	448,556	443,844
Individually evaluated for impairment	6,720	7,346	6,720	7,346	8,559
Collectively evaluated for impairment	477,211	441,210	477,211	441,210	435,285
Commercial Loan [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	$ 221	180	67	233	233
Charge-offs		(2)	(56)	(2)	(54)
Recoveries	$ 2	8	5	32	110
Provisions	(53)	(39)	154	(116)	(222)
Balance at end of the period	$ 170	$ 147	$ 170	$ 147	$ 67
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	$ 170	$ 147	$ 170	$ 147	$ 67
Loans receivable:
Ending balance-total	38,020	33,147	38,020	33,147	33,403
Individually evaluated for impairment	11	58	11	58	55
Collectively evaluated for impairment	38,009	33,089	38,009	33,089	33,348
Real Estate Construction Loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	$ 124	$ 109	$ 45	$ 26	$ 26
Charge-offs
Recoveries
Provisions	$ 51	$ (71)	$ 130	$ 12	$ 19
Balance at end of the period	$ 175	$ 38	$ 175	$ 38	$ 45
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	$ 175	$ 38	$ 175	$ 38	$ 45
Loans receivable:
Ending balance-total	$ 33,127	$ 22,738	$ 33,127	$ 22,738	$ 27,545
Individually evaluated for impairment
Collectively evaluated for impairment	$ 33,127	$ 22,738	$ 33,127	$ 22,738	$ 27,545
Real estate Mortgage-residential [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	179	206	179	291	291
Charge-offs	(13)	(4)	(39)	(39)	(52)
Recoveries	4	6	6	15	10
Provisions	29	(42)	53	(101)	(70)
Balance at end of the period	199	166	199	166	179
Allowance for loan losses
Individually evaluated for impairment	3	4	3	4	4
Collectively evaluated for impairment	196	162	196	162	175
Loans receivable:
Ending balance-total	49,135	47,369	49,135	47,369	48,510
Individually evaluated for impairment	923	1,038	923	1,038	1,078
Collectively evaluated for impairment	48,212	46,331	48,212	46,331	47,432
Real estate Mortgage-commercial [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	$ 1,774	$ 1,317	1,572	1,117	1,117
Charge-offs			(625)	$ (689)	$ (879)
Recoveries	$ 11		16
Provisions	39	$ 282	861	$ 1,171	$ 1,334
Balance at end of the period	1,824	$ 1,599	1,824	$ 1,599	1,572
Allowance for loan losses
Individually evaluated for impairment	1		1		57
Collectively evaluated for impairment	1,823	$ 1,599	1,823	$ 1,599	1,515
Loans receivable:
Ending balance-total	323,513	305,013	323,513	305,013	293,186
Individually evaluated for impairment	5,786	6,152	5,786	6,152	7,334
Collectively evaluated for impairment	317,727	298,861	317,727	298,861	285,852
Consumer Home Equity Line of Credit [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	$ 119	$ 118	$ 134	$ 112	112
Charge-offs					(17)
Recoveries	$ 1		$ 3		6
Provisions		$ (6)	(17)		33
Balance at end of the period	$ 120	$ 112	$ 120	$ 112	$ 134
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	$ 120	$ 112	$ 120	$ 112	$ 134
Loans receivable:
Ending balance-total	$ 31,154	32,435	$ 31,154	32,435	33,000
Individually evaluated for impairment		93		93	92
Collectively evaluated for impairment	$ 31,154	32,342	$ 31,154	32,342	32,908
Consumer Other Financing Receivable [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	60	52	44	80	80
Charge-offs	(17)	(75)	(44)	(95)	(109)
Recoveries	6	5	80	13	17
Provisions	6	81	(25)	65	56
Balance at end of the period	$ 55	$ 63	$ 55	$ 63	$ 44
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	$ 55	$ 63	$ 55	$ 63	$ 44
Loans receivable:
Ending balance-total	$ 8,982	7,854	$ 8,982	7,854	$ 8,200
Individually evaluated for impairment		5		5
Collectively evaluated for impairment	$ 8,982	7,849	$ 8,982	7,849	$ 8,200
Unallocated Financing Receivables [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	$ 1,804	$ 2,084	$ 2,091	$ 2,360	$ 2,360
Charge-offs
Recoveries
Provisions	$ 121	$ (53)	$ (166)	$ (329)	$ (269)
Balance at end of the period	$ 1,925	$ 2,031	$ 1,925	$ 2,031	$ 2,091
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	$ 1,925	$ 2,031	$ 1,925	$ 2,031	$ 2,091
Loans receivable:
Ending balance-total
Individually evaluated for impairment
Collectively evaluated for impairment

Loans (Details 3)

Loans (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Loans Details 3
Total loans considered impaired at year end	$ 6,720	$ 7,346	$ 6,720	$ 7,346	$ 8,559
Loans considered impaired for which there is a related allowance for loan loss:
Outstanding loan balance	83		83		1,959
Related allowance	4	4	4	4	61
Loans considered impaired and previously written down to fair value	6,637		6,637		6,600
Average impaired loans	$ 9,523	$ 8,734	$ 9,627	$ 8,827	$ 10,900

Loans (Details 4)

Loans (Details 4) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
With no allowance recorded:
Recorded Investment	$ 6,637		$ 6,637		$ 6,600
With an allowance recorded:
Recorded Investment	83		83		1,959
Related allowance	4	$ 4	4	$ 4	61
Total:
Recorded Investment	6,720	7,346	6,720	7,346	8,559
Unpaid Principal Balance	9,195	8,995	9,195	8,995	10,032
Average Recorded Investment	9,523	8,734	9,627	8,827	10,900
Interest Income Recognized	1	10	75	46	163
Commercial Loan [Member]
With no allowance recorded:
Recorded Investment	11	58	11	58	55
Unpaid Principal Balance	11	115	11	115	112
Average Recorded Investment	$ 13	131	$ 14	$ 133	132
Interest Income Recognized		$ 0			$ 3
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment	$ 11	$ 58	$ 11	$ 58	$ 55
Unpaid Principal Balance	11	115	11	115	112
Average Recorded Investment	$ 13	$ 131	$ 14	$ 133	132
Interest Income Recognized					$ 3
Real Estate Construction Loans [Member]
With no allowance recorded:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized
Real estate Mortgage-residential [Member]
With no allowance recorded:
Recorded Investment	$ 873	$ 985	$ 873	$ 985	$ 1,025
Unpaid Principal Balance	952	1,344	952	1,344	1,167
Average Recorded Investment	1,133	$ 1,221	1,140	1,227	1,071
Interest Income Recognized	1		71	5	8
With an allowance recorded:
Recorded Investment	50	$ 53	50	53	53
Unpaid Principal Balance	50	53	50	53	53
Related allowance	3	4	3	4	4
Average Recorded Investment	$ 50	54	51	54	54
Interest Income Recognized		1	2	2	3
Total:
Recorded Investment	$ 923	1,038	923	1,038	1,078
Unpaid Principal Balance	1,002	1,397	1,002	1,397	1,220
Average Recorded Investment	1,183	1,275	1,191	1,281	1,125
Interest Income Recognized	1	1	73	7	11
Real estate Mortgage-commercial [Member]
With no allowance recorded:
Recorded Investment	5,753	6,152	5,753	6,152	5,428
Unpaid Principal Balance	8,149	7,381	8,149	7,381	6,469
Average Recorded Investment	$ 8,293	7,236	$ 8,388	7,326	7,634
Interest Income Recognized		$ 9		$ 39	64
With an allowance recorded:
Recorded Investment	$ 33		$ 33		1,906
Unpaid Principal Balance	33		33		2,134
Related allowance	1		1		57
Average Recorded Investment	$ 34		34		1,926
Interest Income Recognized			2		85
Total:
Recorded Investment	$ 5,786	$ 6,152	5,786	$ 6,152	7,334
Unpaid Principal Balance	8,182	7,381	8,182	7,381	8,603
Average Recorded Investment	$ 8,327	7,236	8,422	7,326	9,560
Interest Income Recognized		9	$ 2	39	149
Consumer Home Equity Line of Credit [Member]
With no allowance recorded:
Recorded Investment		93		93	92
Unpaid Principal Balance		97		97	97
Average Recorded Investment		$ 86		$ 79	$ 83
Interest Income Recognized
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment		$ 93		$ 93	$ 92
Unpaid Principal Balance		97		97	97
Average Recorded Investment		$ 86		$ 79	$ 83
Interest Income Recognized
Consumer Other Financing Receivable [Member]
With no allowance recorded:
Recorded Investment		$ 5		$ 5
Unpaid Principal Balance		5		5
Average Recorded Investment		$ 6		$ 8
Interest Income Recognized
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment		$ 5		$ 5
Unpaid Principal Balance		5		5
Average Recorded Investment		$ 6		$ 8
Interest Income Recognized

Loans (Details 5)

Loans (Details 5) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Loans	$ 483,931	$ 443,844	$ 448,556
Commercial Financial and Agricultural Loans [Member]
Loans	38,020	33,403	33,147
Real Estate Construction Loans [Member]
Loans	33,127	27,545	22,738
Real estate Mortgage-residential [Member]
Loans	49,135	48,510	47,369
Real estate Mortgage-commercial [Member]
Loans	323,513	293,186	305,013
Consumer Home Equity Line of Credit [Member]
Loans	31,154	33,000	32,435
Consumer Other Financing Receivable [Member]
Loans	8,982	8,200	$ 7,854
Pass [Member]
Loans	462,037	416,528
Pass [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	37,682	32,579
Pass [Member] | Real Estate Construction Loans [Member]
Loans	32,406	26,824
Pass [Member] | Real estate Mortgage-residential [Member]
Loans	46,572	46,090
Pass [Member] | Real estate Mortgage-commercial [Member]
Loans	305,582	270,986
Pass [Member] | Consumer Home Equity Line of Credit [Member]
Loans	30,833	32,008
Pass [Member] | Consumer Other Financing Receivable [Member]
Loans	8,962	8,041
Special Mention [Member]
Loans	11,688	13,817
Special Mention [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	312	754
Special Mention [Member] | Real Estate Construction Loans [Member]
Loans	721	721
Special Mention [Member] | Real estate Mortgage-residential [Member]
Loans	1,456	1,054
Special Mention [Member] | Real estate Mortgage-commercial [Member]
Loans	9,009	10,437
Special Mention [Member] | Consumer Home Equity Line of Credit [Member]
Loans	189	751
Special Mention [Member] | Consumer Other Financing Receivable [Member]
Loans	1	100
Substandard [Member]
Loans	10,206	13,499
Substandard [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	$ 26	$ 70
Substandard [Member] | Real Estate Construction Loans [Member]
Loans
Substandard [Member] | Real estate Mortgage-residential [Member]
Loans	$ 1,107	$ 1,366
Substandard [Member] | Real estate Mortgage-commercial [Member]
Loans	8,922	11,763
Substandard [Member] | Consumer Home Equity Line of Credit [Member]
Loans	132	241
Substandard [Member] | Consumer Other Financing Receivable [Member]
Loans	$ 19	$ 59
Doubtful [Member]
Loans
Doubtful [Member] | Commercial Financial and Agricultural Loans [Member]
Loans
Doubtful [Member] | Real Estate Construction Loans [Member]
Loans
Doubtful [Member] | Real estate Mortgage-residential [Member]
Loans
Doubtful [Member] | Real estate Mortgage-commercial [Member]
Loans
Doubtful [Member] | Consumer Home Equity Line of Credit [Member]
Loans
Doubtful [Member] | Consumer Other Financing Receivable [Member]
Loans

Loans (Details 6)

Loans (Details 6) $ in Thousands	Feb. 01, 2014USD ($)
Loans Details 6
Contractual principal and interest at acquisition	$ 5,717
Nonaccretable difference	(1,205)
Expected cash flows at acquisition	4,512
Accretable yield	(272)
Basis in PCI loans at acquisition - estimated fair value	$ 4,240

Loans (Details 7)

Loans (Details 7) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Loans Details 6
Accretable yield, beginning of period	$ 135	$ 164	$ 75	$ 272
Accretion	$ (42)	$ (49)	(513)	(132)
Reclassification of nonaccretable difference due to improvement in expected cash flows			531	(25)
Accretable yield, end of period	$ 93	$ 115	$ 93	$ 115

Loans (Details 8)

Loans (Details 8) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$ 979	$ 1,748
60-89 Days Past Due	827	17
Greater than 90 Days and Accruing	2
Nonaccrual	5,067	6,585
Total Past Due	6,875	8,350
Current	477,056	435,494
Total Loans	$ 483,931	$ 443,844	$ 448,556
Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due	$ 34
Greater than 90 Days and Accruing
Nonaccrual	$ 11	$ 55
Total Past Due	45	147
Current	37,975	33,256
Total Loans	$ 38,020	$ 33,403	33,147
Real Estate Construction Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due		$ 2
Greater than 90 Days and Accruing
Nonaccrual
Total Past Due		$ 2
Current	$ 33,127	27,543
Total Loans	33,127	27,545	22,738
Real estate Mortgage-residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	93	131
60-89 Days Past Due	$ 134	$ 5
Greater than 90 Days and Accruing
Nonaccrual	$ 873	$ 1,025
Total Past Due	1,100	1,161
Current	48,035	47,349
Total Loans	49,135	48,510	47,369
Real estate Mortgage-commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	847	1,443
60-89 Days Past Due	$ 650	$ 4
Greater than 90 Days and Accruing
Nonaccrual	$ 4,183	$ 5,413
Total Past Due	5,680	6,860
Current	317,833	286,326
Total Loans	323,513	293,186	305,013
Consumer Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$ 36	$ 19
60-89 Days Past Due
Greater than 90 Days and Accruing
Nonaccrual		$ 92
Total Past Due	$ 36	111
Current	31,118	32,889
Total Loans	31,154	33,000	32,435
Consumer Other Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	3	63
60-89 Days Past Due	9	$ 6
Greater than 90 Days and Accruing	$ 2
Nonaccrual
Total Past Due	$ 14	$ 69
Current	8,968	8,131
Total Loans	$ 8,982	$ 8,200	$ 7,854

Loans (Details 9)

Loans (Details 9) - Nonaccrual Status [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)N
Troubled Debt Restructurings that subsequently defaulted
Number of Contracts | N	2
Pre-Modification Outstanding Recorded Investment	$ 1,910
Post-Modification Outstanding Recorded Investment	$ 1,910
Real estate Mortgage-commercial [Member]
Troubled Debt Restructurings that subsequently defaulted
Number of Contracts | N	1
Pre-Modification Outstanding Recorded Investment	$ 1,730
Post-Modification Outstanding Recorded Investment	$ 1,730
Real estate Mortgage-residential [Member]
Troubled Debt Restructurings that subsequently defaulted
Number of Contracts | N	1
Pre-Modification Outstanding Recorded Investment	$ 180
Post-Modification Outstanding Recorded Investment	$ 180

Loans (Details Narrative)

Loans (Details Narrative) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Receivables [Abstract]
Non-accrual loans	$ 5,067		$ 6,585
Troubled debt restructurings	1,700		2,200
Troubled debt restructurings in non accrual status	1,900		$ 2,600
Loans greater than ninety days delinquent and still accruing interest	2
Loans outstanding to bank directors, executive officers and their related business interests	6,900	$ 10,600
Loans to bank directors, executive officers and their related business interests repaid during the period	1,200	383
Loans made to bank directors, executive officers and their related business interests during the period	$ 1,700	$ 1,400

Fair Value of Financial Instr39

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financial Assets:
Held-to-maturity securities	$ 16,609	$ 10,585
Investment securities available-for-sale	255,182	270,164
Other investments, at cost	1,900	2,003
Financial liabilities:
Non-interest bearing demand	157,650	133,004
NOW and money market accounts	304,153	287,982
Savings	59,908	53,583
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Financial Assets:
Cash and short term investments	33,011	22,532
Held-to-maturity securities	16,600	10,647
Investment securities available-for-sale	255,182	270,164
Other investments, at cost	1,900	2,003
Loans held for sale	3,568	4,124
Net loans receivable	479,463	439,712
Accrued interest	2,614	2,712
Financial liabilities:
Non-interest bearing demand	157,650	133,004
NOW and money market accounts	304,153	287,982
Savings	59,908	53,583
Time deposits	182,659	195,014
Total deposits	704,370	669,583
Federal Home Loan Bank Advances	27,543	28,807
Short term borrowings	19,908	17,383
Junior subordinated debentures	15,464	15,464
Accrued interest payable	699	725
Estimate of Fair Value, Fair Value Disclosure [Member]
Financial Assets:
Cash and short term investments	33,011	22,532
Held-to-maturity securities	16,609	10,585
Investment securities available-for-sale	255,182	270,164
Other investments, at cost	1,900	2,003
Loans held for sale	3,568	4,124
Net loans receivable	480,083	441,944
Accrued interest	2,614	2,712
Financial liabilities:
Non-interest bearing demand	157,650	133,004
NOW and money market accounts	304,153	287,982
Savings	59,908	53,583
Time deposits	183,082	195,721
Total deposits	704,793	670,290
Federal Home Loan Bank Advances	29,129	30,745
Short term borrowings	19,908	17,383
Junior subordinated debentures	15,482	15,464
Accrued interest payable	699	725
Fair Value, Inputs, Level 1 [Member]
Financial Assets:
Cash and short term investments	$ 33,011	$ 22,532
Held-to-maturity securities
Investment securities available-for-sale	$ 821	$ 839
Other investments, at cost
Loans held for sale
Net loans receivable
Accrued interest	$ 2,614	$ 2,712
Financial liabilities:
Non-interest bearing demand
NOW and money market accounts
Savings
Time deposits
Total deposits
Federal Home Loan Bank Advances
Short term borrowings
Junior subordinated debentures
Accrued interest payable	$ 699	$ 725
Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Cash and short term investments
Held-to-maturity securities	$ 16,609	$ 10,585
Investment securities available-for-sale	$ 253,944	$ 268,908
Other investments, at cost
Loans held for sale	$ 3,568	$ 4,124
Net loans receivable	$ 473,367	$ 433,446
Accrued interest
Financial liabilities:
Non-interest bearing demand	$ 157,650	$ 133,004
NOW and money market accounts	304,153	287,982
Savings	59,908	53,583
Time deposits	183,082	195,721
Total deposits	704,793	670,290
Federal Home Loan Bank Advances	29,129	30,745
Short term borrowings	19,908	17,383
Junior subordinated debentures	$ 15,482	$ 15,464
Accrued interest payable
Fair Value, Inputs, Level 3 [Member]
Financial Assets:
Cash and short term investments
Held-to-maturity securities
Investment securities available-for-sale	$ 417	$ 417
Other investments, at cost	$ 1,900	$ 2,003
Loans held for sale
Net loans receivable	$ 6,716	$ 8,498
Accrued interest
Financial liabilities:
Non-interest bearing demand
NOW and money market accounts
Savings
Time deposits
Total deposits
Federal Home Loan Bank Advances
Short term borrowings
Junior subordinated debentures
Accrued interest payable

Fair Value of Financial Instr40

Fair Value of Financial Instruments (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 255,182	$ 270,164
Government sponsored enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	2,508	3,434
Small Business Administration pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	58,464	58,545
State and local government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	51,353	46,516
Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,298	1,316
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	255,182	270,164
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | Government sponsored enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	2,508	3,434
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	141,559	160,353
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | Small Business Administration pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	58,464	58,545
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | State and local government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	51,353	46,516
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,298	1,316
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	821	839
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	821	839
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	253,944	268,908
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Government sponsored enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	2,508	3,434
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	141,559	160,353
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Small Business Administration pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	58,464	58,545
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | State and local government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	51,353	46,516
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	60	60
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	417	417
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 417	$ 417

Fair Value of Financial Instr41

Fair Value of Financial Instruments (Details 3) - Corporate Preferred Stock [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Reconciliation of changes in level 3 financial instruments
Balance at the beginning of the period	$ 417	$ 417	$ 417	$ 417
Total gains or losses (realized/unrealized)
Included in earnings
Included in other comprehensive income
Purchases, issuances, and settlements
Transfers in and/or out of Level 3
Balance at the end of the period	$ 417	$ 417	$ 417	$ 417

Fair Value of Financial Instr42

Fair Value of Financial Instruments (Details 4) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	$ 6,720	$ 8,559	$ 7,346
Total other real estate owned	2,450	2,943
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	6,716	8,498
Total other real estate owned	2,450	2,943
Total	9,166	11,441
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	6,716	8,498
Total other real estate owned	2,450	2,943
Total	9,166	11,441
Commercial and Industrial Loans Receivable [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	11	55
Commercial and Industrial Loans Receivable [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	11	55
Real Estate Construction Loans [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other real estate owned	276	424
Real Estate Construction Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other real estate owned	276	424
Real estate Mortgage-residential [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	920	1,074
Total other real estate owned	180	232
Real estate Mortgage-residential [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	920	1,074
Total other real estate owned	180	232
Real estate Mortgage-commercial [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	5,785	7,277
Total other real estate owned	1,994	2,287
Real estate Mortgage-commercial [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	5,785	7,277
Total other real estate owned	$ 1,994	2,287
Consumer Home Equity Line of Credit [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans		92
Consumer Home Equity Line of Credit [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans		$ 92
Consumer Other Financing Receivable [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans
Consumer Other Financing Receivable [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans

Fair Value of Financial Instr43

Fair Value of Financial Instruments (Details 5) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Fair Value Inputs, Assets, Quantitative Information [Line Items]
OREO	$ 2,450	$ 2,943
Total impaired loans	6,720	8,559	$ 7,346
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
OREO	$ 2,450	$ 2,943
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Rate (as a percent)	6.00%	6.00%
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Rate (as a percent)	16.00%	16.00%
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Appraisal Value Discounted Cash Flows Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Total impaired loans	$ 6,716	$ 8,498
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Appraisal Value Discounted Cash Flows Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Rate (as a percent)	6.00%	6.00%
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Appraisal Value Discounted Cash Flows Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Rate (as a percent)	16.00%	16.00%
Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Estimation Based on Comparable Non Listed Securities Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Preferred stock	$ 417	$ 417

Mergers and Acquisitions - Sa44

Mergers and Acquisitions - Savannah River Financial Corporation (Details) - USD ($) $ / shares in Units, $ in Thousands		Feb. 01, 2014	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks			$ 9,238	$ 12,480
Investment securities available-for-sale			255,182	270,164
Loans			479,463	439,712
Premises and equipment			30,109	28,510
Intangible assets			1,508	1,806
Bank owned life insurance			14,947	14,642
Other assets			7,433	9,002
Total assets			852,329	812,363
Deposits:
Noninterest-bearing			157,650	133,004
Total deposits			704,370	669,583
FHLB advances			27,543	28,807
Other liabilities			6,556	6,598
Total liabilities			773,841	737,835
Goodwill			$ 5,078	$ 5,078
First Community Corporation common shares issued		1,274,200
Purchase price per share of the Company's common stock		$ 10.76
Equity Interests Issued or Issuable		$ 13,710
Cash exchanged for stock and fractional shares		19,805
Fair value of total consideration transferred		33,515
As initially Reported [Member]
ASSETS
Cash and due from banks		8,451
Investment securities available-for-sale		23,014
Loans		109,532
Premises and equipment		$ 7,695
Intangible assets
Bank owned life insurance		$ 3,158
Other assets		1,839
Total assets		153,689
Deposits:
Noninterest-bearing		11,045
Interest-bearing		102,891
Total deposits		113,936
FHLB advances		8,684
Other liabilities		345
Total liabilities		122,965
Net identifiable assets acquired over (under) liabilities assumed		30,724
Net assets acquired over liabilities assumed		30,724
Fair Value Adjustments [Member]
ASSETS
Investment securities available-for-sale	[1]	126
Loans	[2]	(3,016)
Premises and equipment	[3]	473
Intangible assets	[4]	$ 1,182
Bank owned life insurance
Other assets	[5]	$ (248)
Total assets		(1,483)
Deposits:
Interest-bearing	[6]	211
Total deposits		211
FHLB advances	[7]	22
Total liabilities		233
Net identifiable assets acquired over (under) liabilities assumed		(1,716)
Goodwill		4,507
Net assets acquired over liabilities assumed		2,791
As adjusted [Member]
ASSETS
Cash and due from banks		8,451
Investment securities available-for-sale		23,140
Loans		106,516
Premises and equipment		8,168
Intangible assets		1,182
Bank owned life insurance		3,158
Other assets		1,591
Total assets		152,206
Deposits:
Noninterest-bearing		11,045
Interest-bearing		103,102
Total deposits		114,147
FHLB advances		8,706
Other liabilities		345
Total liabilities		123,198
Net identifiable assets acquired over (under) liabilities assumed		29,696
Goodwill		4,507
Net assets acquired over liabilities assumed		$ 33,515
[1]	Adjustment reflects marking the securities portfolio to fair value as of the acquisition date.
[2]	Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired loan portfolio. and excludes the allowance for loan losses recorded by Savannah River.
[3]	Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired premises and equipment.
[4]	Adjustment reflects the recording of the core deposit intangible on the acquired deposit accounts.
[5]	Adjustment reflects the deferred tax adjustment related to fair value adjustments at 34%.
[6]	Adjustment reflects the fair value adjustment on interest-bearing deposits.
[7]	Adjustment reflects the fair value adjustment on FHLB Advances which was equal to the prepayment fee paid to pay-off the FHLB Advances upon consummation of the merger.

Mergers and Acquisitions - Sa45

Mergers and Acquisitions - Savannah River Financial Corporation (Details 2) - USD ($) $ in Thousands	8 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Mergers And Acquisitions - Savannah River Financial Corporation Detail 2
Total revenues (net interest income plus noninterest income)	$ 21,377	$ 24,132
Net income	$ 3,553	$ 3,760

Mergers and Acquisitions - Sa46

Mergers and Acquisitions - Savannah River Financial Corporation (Details Narrative) - First South Bank [Member] - USD ($) $ in Thousands	Sep. 26, 2014	Dec. 31, 2014
Business Acquisition [Line Items]
Deposits	$ 40,000
Loans	8,700
Premium paid	$ 714
Core Deposits [Member]
Business Acquisition [Line Items]
Acquired finite lived intangible assets		$ 365,900
Other Intangible Assets [Member]
Business Acquisition [Line Items]
Acquired finite lived intangible assets		$ 538,600