David Proctor - First Community Chief Risk Officer and Executive VP

FCCO Stock  USD 15.88  0.50  3.05%   

EVP

Mr. David K. Proctor is no longer Executive Vice President, Chief Credit Officer of First Community Corporationrationration, effective July 31, 2019. Prior to this, he was senior vice president and senior credit officer of the company since First Community Bank opened for business in 1995. From May 1994 to June 1995, he was the vice president of credit for Republic Leasing Company. From 1987 to 1994, he held various positions with Republic National Bank in Columbia and was an executive vice president and senior credit officer since 2017.
Age 58
Tenure 7 years
Address 5455 Sunset Boulevard, Lexington, SC, United States, 29072
Phone803 951 2265
Webhttps://www.firstcommunitysc.com
Proctor is a 1979 graduate of Clemson University with a B.S. in business administration.

First Community Management Efficiency

As of the 16th of April 2024, Return On Tangible Assets is likely to grow to 0.01. Also, Return On Capital Employed is likely to grow to 0.05. At this time, First Community's Return On Assets are very stable compared to the past year. First Community's management efficiency ratios could be used to measure how well First Community manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 167.83 M in liabilities with Debt to Equity (D/E) ratio of 9.91, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist First Community until it has trouble settling it off, either with new capital or with free cash flow. So, First Community's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Community sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Community's use of debt, we should always consider it together with cash and equity.

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First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company was incorporated in 1994 and is headquartered in Lexington, South Carolina. First Community operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 247 people. First Community (FCCO) is traded on NASDAQ Exchange in USA. It is located in 5455 Sunset Boulevard, Lexington, SC, United States, 29072 and employs 268 people. First Community is listed under Regional Banks category by Fama And French industry classification.

Management Performance

First Community Leadership Team

Elected by the shareholders, the First Community's board of directors comprises two types of representatives: First Community inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Community's management team and ensure that shareholders' interests are well served. First Community's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Community's outside directors are responsible for providing unbiased perspectives on the board's policies.
Alexander Snipe, Independent Director
Thomas Brown, Independent Director
Joseph Painter, Executive Officer
Anita Easter, Independent Director
Robin Brown, Chief Officer
Vaughan Dozier, Executive Officer
Michael Crapps, CEO and President Director, CEO of First Community Bank and President of First Community Bank and Director of First Community Bank NA
James Kitchens, Independent Director
Richard Bogan, Independent Director
Mitch Willoughby, Independent Chairman of the Board
Mickey Layden, Director
Mitchell Willoughby, Independent Chairman of the Board
Paul Simon, Director
John Nissen, Executive Officer
James Johnson, Vice Chairman of the Board
David Proctor, Chief Risk Officer and Executive VP
Leland Reynolds, Independent Director
John IV, Executive Officer
Randolph Potter, Director
J Johnson, Vice Chairman of the Board
John Walker, Chief Credit Officer
George Fann, Independent Director
O Ethridge, Independent Director
Steve Sligh, Consultant
Jane Sosebee, Director
Susan Boatwright, Vice Manager
Chimin Chao, Independent Director
Tanya Butts, COO Officer
Donald Jordan, Executive CFO
Joseph Sawyer, CFO and Executive VP
Susan Sexson, Assistant Region
Roderick Todd, Independent Director
Robert Schumacher, IR Contact Officer

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Community a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First Community in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First Community's short interest history, or implied volatility extrapolated from First Community options trading.

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When determining whether First Community offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Community's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Community Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Community Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Community. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in First Stock, please use our How to Invest in First Community guide.
Note that the First Community information on this page should be used as a complementary analysis to other First Community's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running First Community's price analysis, check to measure First Community's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Community is operating at the current time. Most of First Community's value examination focuses on studying past and present price action to predict the probability of First Community's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Community's price. Additionally, you may evaluate how the addition of First Community to your portfolios can decrease your overall portfolio volatility.
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Is First Community's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Community. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Community listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.19)
Dividend Share
0.56
Earnings Share
1.55
Revenue Per Share
7.672
Quarterly Revenue Growth
(0.07)
The market value of First Community is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Community's value that differs from its market value or its book value, called intrinsic value, which is First Community's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Community's market value can be influenced by many factors that don't directly affect First Community's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Community's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Community is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Community's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.