First Community Management

Management criteria checks 4/4

First Community's CEO is Mike Crapps, appointed in Jan 1994, has a tenure of 30.92 years. total yearly compensation is $891.50K, comprised of 56.2% salary and 43.8% bonuses, including company stock and options. directly owns 0.99% of the company’s shares, worth €1.75M. The average tenure of the management team and the board of directors is 5.4 years and 14.7 years respectively.

Key information

Mike Crapps

Chief executive officer

US$891.5k

Total compensation

CEO salary percentage	56.2%
CEO tenure	30.9yrs
CEO ownership	1.0%
Management average tenure	5.4yrs
Board average tenure	14.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Crapps's remuneration changed compared to First Community's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$13m
Jun 30 2024	n/a	n/a	US$11m
Mar 31 2024	n/a	n/a	US$11m
Dec 31 2023	US$892k	US$501k	US$12m
Sep 30 2023	n/a	n/a	US$13m
Jun 30 2023	n/a	n/a	US$15m
Mar 31 2023	n/a	n/a	US$15m
Dec 31 2022	US$911k	US$482k	US$15m
Sep 30 2022	n/a	n/a	US$14m
Jun 30 2022	n/a	n/a	US$15m
Mar 31 2022	n/a	n/a	US$16m
Dec 31 2021	US$934k	US$466k	US$15m
Sep 30 2021	n/a	n/a	US$15m
Jun 30 2021	n/a	n/a	US$13m
Mar 31 2021	n/a	n/a	US$12m
Dec 31 2020	US$849k	US$448k	US$10m
Sep 30 2020	n/a	n/a	US$9m
Jun 30 2020	n/a	n/a	US$10m
Mar 31 2020	n/a	n/a	US$10m
Dec 31 2019	US$672k	US$431k	US$11m
Sep 30 2019	n/a	n/a	US$11m
Jun 30 2019	n/a	n/a	US$11m
Mar 31 2019	n/a	n/a	US$11m
Dec 31 2018	US$707k	US$410k	US$11m
Sep 30 2018	n/a	n/a	US$9m
Jun 30 2018	n/a	n/a	US$8m
Mar 31 2018	n/a	n/a	US$7m
Dec 31 2017	US$580k	US$394k	US$6m

Compensation vs Market: Mike's total compensation ($USD891.50K) is about average for companies of similar size in the German market ($USD902.55K).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Crapps (65 yo)

30.9yrs

Tenure

US$891,500

Compensation

Mr. Michael C. Crapps, also known as Mike, serves as Chief Executive Officer at First Community Corporation since 1994 and its Director since 2021 also serves as its President. He joined First Community Co...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Crapps	CEO, President & Director	30.9yrs	US$891.50k	0.99% € 1.7m
Tanya Butts	COO & Chief Risk Officer	5.5yrs	US$444.12k	0.082% € 143.6k
John Nissen	Executive VP	no data	US$544.37k	0.42% € 737.3k
Donald Jordan	Executive VP & CFO	5.3yrs	US$445.52k	0.076% € 134.3k
Robin Brown	Chief Human Resources Officer & Chief Marketing Officer	5.5yrs	US$259.10k	0.25% € 441.7k
John Walker	Executive VP & Chief Credit Officer	5.3yrs	no data	0.033% € 57.8k
Susan Sexson	Assistant VP & Head Teller at Goodman Region	3.3yrs	no data	no data
Vaughan Dozier	Executive VP & Co-Chief Commercial and Retail Banking Officer	no data	no data	0.056% € 98.3k
Joseph Painter	Executive VP & Co-Chief Commercial and Retail Banking Officer	no data	no data	no data
Susan Boatwright	Vice President/Human Resources Manager	no data	no data	no data

5.4yrs

Average Tenure

57yo

Average Age

Experienced Management: 87Z's management team is seasoned and experienced (5.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Crapps	CEO, President & Director	30.9yrs	US$891.50k	0.99% € 1.7m
John Nissen	Executive VP	less than a year	US$544.37k	0.42% € 737.3k
Thomas Brown	Independent Director	30.9yrs	US$41.00k	0.39% € 681.5k
Chimin Chao	Independent Chairman of the Board	30.9yrs	US$58.75k	0.55% € 960.1k
Janet Hollar	Independent Director	3.6yrs	US$46.75k	0.086% € 151.4k
W. Kitchens	Independent Vice Chairman of the Board	30.9yrs	US$48.25k	0.33% € 578.0k
Roderick Todd	Independent Director	18.5yrs	US$48.50k	0.17% € 292.2k
Alexander Snipe	Independent Director	19.6yrs	US$55.50k	0.098% € 172.0k
Jane Sosebee	Independent Director	5.6yrs	US$47.75k	0.10% € 182.9k
E. Reynolds	Independent Director	10.8yrs	US$46.00k	0.37% € 648.3k
Mickey Layden	Independent Director	5.6yrs	US$47.00k	0.097% € 170.1k
Ray Jones	Independent Director	3.9yrs	US$48.50k	0.035% € 62.2k

14.7yrs

Average Tenure

66.5yo

Average Age

Experienced Board: 87Z's board of directors are seasoned and experienced ( 14.7 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 09:06
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Community Corporation is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Cary Morris	BB&T Capital Markets
Brian Martin	FIG Partners
David Bishop	Hovde Group, LLC

First Community Management

Management criteria checks 4/4

Key information

Recent management updates

First Community Corporation, Annual General Meeting, May 22, 2024

Insufficient new directors

First Community Corporation Appoints J. Ted Nissen as Director, Effective July 1, 2024

First Community Bank Announces Fred Holzhauer AS Senior Vice President

High number of new directors

First Community Corporation, Annual General Meeting, May 18, 2022

Recent updates

First Community Corporation to Report Q4, 2024 Results on Jan 22, 2025

Third quarter dividend of US$0.15 announced

First Community Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings released: EPS: US$0.51 (vs US$0.23 in 3Q 2023)

First Community Corporation Approves Cash Dividend for the Third Quarter Ended September 30, 2024, Payable on November 12, 2024

Investor sentiment deteriorates as stock falls 15%

New minor risk - Share price stability

Second quarter 2024 earnings released: EPS: US$0.43 (vs US$0.44 in 2Q 2023)

Investor sentiment improves as stock rises 20%

First Community Corporation Approves Cash Dividend for the Second Quarter of 2024, Payable on August 13, 2024

First Community Corporation(NasdaqCM:FCCO) dropped from Russell Small Cap Comp Value Index

First Community Corporation (NasdaqCM:FCCO) announces an Equity Buyback for $7.1 million worth of its shares.

First quarter 2024 earnings released: EPS: US$0.34 (vs US$0.46 in 1Q 2023)

Upcoming dividend of US$0.14 per share

First quarter dividend of US$0.14 announced

First Community Corporation Announces Net Charge-Offs for the First Quarter Ended March 31, 2024

First Community Corporation, Annual General Meeting, May 22, 2024

Full year 2023 earnings released: EPS: US$1.57 (vs US$1.94 in FY 2022)

Insufficient new directors

Fourth quarter dividend of US$0.14 announced

Full year 2023 earnings released: EPS: US$1.57 (vs US$1.94 in FY 2022)

First Community Corporation Approves Cash Dividend for the Fourth Quarter of 2023, Payable on February 20, 2024

Now 21% undervalued

New major risk - Revenue and earnings growth

First Community Corporation to Report Q4, 2023 Results on Jan 24, 2024

First Community Corporation to Report Q3, 2024 Results on Oct 16, 2024

First Community Corporation Appoints J. Ted Nissen as Director, Effective July 1, 2024

Upcoming dividend of US$0.14 per share at 3.2% yield

Third quarter 2023 earnings released: EPS: US$0.23 (vs US$0.53 in 3Q 2022)

First Community Corporation Approves Cash Dividend for the Third Quarter of 2023, Payable November 14, 2023

Investor sentiment improves as stock rises 15%

Upcoming dividend of US$0.14 per share at 3.1% yield

First Community Corporation Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings released: EPS: US$0.44 (vs US$0.42 in 2Q 2022)

Full year 2022 earnings released: EPS: US$1.94 (vs US$2.06 in FY 2021)

Full year 2022 earnings released: EPS: US$1.94 (vs US$2.06 in FY 2021)

First Community Corporation Approves Cash Dividend for the Fourth Quarter of 2022, Payable on February 14, 2023

Upcoming dividend of US$0.13 per share

Third quarter 2022 earnings released: EPS: US$0.53 (vs US$0.63 in 3Q 2021)

First Community Corporation Announces Cash Dividend, Payable November 15, 2022

First Community Bank Announces Fred Holzhauer AS Senior Vice President

Second quarter 2022 earnings released: EPS: US$0.42 (vs US$0.47 in 2Q 2021)

First Community Corporation Announces Second Quarter Cash Dividend, Payable on August 16, 2022

First quarter 2022 earnings released: EPS: US$0.46 (vs US$0.43 in 1Q 2021)

Upcoming dividend of US$0.13 per share

High number of new directors

First Community Corporation Approves Cash Dividend for the First Quarter of 2022, Payable on May 17, 2022

First Community Corporation, Annual General Meeting, May 18, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.13 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS US$0.63 (vs US$0.36 in 3Q 2020)

High number of new directors

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources