U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-QSB

(Mark One)

ý Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934

for the quarterly period ended June 30, 2004

o Transition report under Section 13 or 15(d) of the Exchange Act

for the transition period from to

Commission File No. 000-28344

FIRST COMMUNITY CORPORATION

(Exact Name of Small Business Issuer as Specified in its Charter)

South Carolina		57-1010751
(State of Incorporation)		(I.R.S. Employer Identification)

5455 Sunset Boulevard, Lexington, South Carolina 29072
(Address of Principal Executive Offices)

(803) 951-2265
(Issuer’s Telephone Number, Including Area Code)

N/A

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No o

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date:

1,613,817 shares of common stock, par value $1.00 per share, were issued and outstanding as of July 30, 2004.

Transitional Small Business Disclosure Format (check one): Yes o No ý

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements.
Consolidated Balance Sheets
Consolidated Statements of Income
Consolidated Statements of Shareholders Equity and Comprehensive Income (Loss)
Consolidated Statements of Cash Flows
Notes to Consolidated Financial Statements

Item 2.	Managements Discussion and Analysis
Item 3.	Controls and Procedures

PART II – OTHER INFORMATION
Item 1.	Legal Proceedings
Item 2.	Changes in Securities
Item 3.	Defaults Upon Securities
Item 4.	Submission of Matters to a Vote of Security Holders
Item 5.	Other Information
Item 6.	Exhibits and Reports of Form 8-K
Index to Exhibits
Signatures
EX-31.1	Rule 13a-14(a) Certification of the Chief Executive Officer
EX-31.2	Rule 13a-14(a) Certification of the Chief Financial Officer
EX-32	Section 1350 Certification

FIRST COMMUNITY CORPORATION

CONSOLIDATED BALANCE SHEETS

	June 30, 2004			December 31, 2003
	(Unaudited)
ASSETS

Cash and due from banks	$	7,827,334		$	6,926,341
Interest-bearing bank balances	3,686,794			2,221,397
Federal funds sold and securities purchased under agreements to resell	20,572,136			17,335,461
Investment securities - available for sale	57,791,836			53,958,799
Investment securities - held to maturity (market value of $5,030,152 and $5,169,282 at June 30, 2004 and December 31, 2003, respectively)	4,979,752			4,994,896
Loans	129,775,432			121,008,673
Less, allowance for loan losses	1,781,785			1,705,082
Net loans	127,993,647			119,303,591
Property, furniture and equipment - net	8,910,209			7,981,611
Intangible assets	674,529			763,585
Other assets	2,042,777			1,543,008
Total assets	$	234,479,014		$	215,028,689

LIABILITIES

Deposits:
Non-interest bearing demand	$	42,145,096		$	37,043,600
NOW and money market accounts	57,455,031			57,015,473
Savings	18,229,354			11,222,761
Time deposits less than $100,000	44,958,835			45,125,843
Time deposits $100,000 and over	38,389,679			34,850,195
Total deposits	201,177,995			185,257,872
Securities sold under agreements to repurchase	7,355,000			3,941,000
Federal Home Loan Bank Advances	5,000,000			5,000,000
Other borrowed money	56,733			160,076
Other liabilities	1,053,619			1,160,927
Total liabilities	214,643,347			195,519,875

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 1,613,817 and 1,597,224 at June 30, 2004 and December 31, 2003, respectively	1,613,817			1,597,224
Additional paid in capital	13,024,979			12,862,715
Retained earnings	5,601,988			4,909,742
Accumulated other comprehensive income (loss)	(405,117		)	139,133
Total shareholders’ equity	19,835,667			19,508,814
Total liabilities and shareholders’ equity	$	234,479,014		$	215,028,689

FIRST COMMUNITY CORPORATION

CONSOLIDATED STATEMENTS OF INCOME

		Six Months Ended June 30, 2004			Six Months Ended June 30, 2003
		(Unaudited)			(Unaudited)