FCB NEWS

First Community Corporation Announces Operating Results and Cash Dividend.

Company reports strong operating earnings and well-capitalized status.

Highlights

� Operating earnings of $1.14 million ($.35 EPS) for third quarter and $3.5million ($1.09 EPS) year to date.

� Other than temporary impairment charge of $5....more

First Community is featured in February's Greater Columbia Business Monthly First Community Bank was featured in the February issue of Greater Columbia Business Monthly which covers the Midlands of South Carolina....more

Health Savings Account

Meet the challenge of increased costs head-on.

As a business owner, you’re obviously – maybe painfully – aware that the current health care model is flawed at best. Employers like you typically foot a majority of the bill and when the ever-increasing costs become prohibitive, your employees’ options are limited or their costs are driven up, or both.

A First Community Bank Health Savings Account (HSA) provides a way for anyone enrolled in high-deductible health insurance policies to accumulate tax-free savings to pay qualified medical expenses.

Your employees will benefit from the following features of First Community HSAs:

  • no enrollment fee
  • no per transaction fee
  • access the account via debit card
  • only $100.00 minimum deposit to open
  • interest earnings based on account balance

Miscellaneous account fees may apply. Check order fees vary based on style and quantity selected. A $25 termination fee will be charged for accounts closed within the first six months. Interest rate is variable and subject to change at any time.

For 2011, “High Deductible” includes insurance plans with an annual deductible of $1,200 (for individuals) or $2,400 (for families). Maximum annual contribution for 2011 may not exceed the lower of the amount of your insurance deductible or $3,050 (for individuals) or $6,150 (for families). A catch-up contribution of $1,000 is available for individuals ages 55 – 64 in 2011. A list of qualified medical expenses may be found in IRS Publication: 502. Consult your insurance provider or tax advisor with questions on account eligibility.

The minimum balance requirement to avoid service charges is $500. This minimum balance requirement will be waived for the first nine months after opening the account.