First Community Corporation announced that the Board of Directors has approved an increase in the cash dividend for the fourth quarter of 2015 to $0.08. This dividend is payable on February 12, 2016 to shareholders of record of the company's common stock as of February 1, 2016.

The company reported earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported interest income of $7,203,000 compared to $7,078,000 a year ago. Net interest income was $6,348,000 compared to $6,192,000 a year ago. Income before taxes was $2,169,000 compared to $2,063,000 a year ago. Net income was $1,601,000 or $0.24 per diluted share compared to $1,506,000 or $0.22 per diluted share a year ago. Return on average assets was 0.74% compared to 0.73% a year ago. Return on average common equity was 8.06% compared to 8.13% a year ago. Return on average common tangible equity was 8.79% compared to 8.88% a year ago.

For the full year, the company reported interest income of $28,649,000 compared to $27,298,000 a year ago. Net interest income was $25,253,000 compared to $23,731,000 a year ago. Income before taxes was $8,403,000 compared to $7,103,000 a year ago. Net income was $6,127,000 or $0.91 per diluted share compared to $5,121,000 or $0.78 per diluted share a year ago. Return on average assets was 0.73% compared to 0.73% a year ago. Return on average common equity was 7.94% compared to 8.13% a year ago. Return on average common tangible equity was 8.68% compared to 8.88% a year ago. Book value per common share was $11.81 compared to $11.18 a year ago. Tangible book value per common share was $10.84 compared to $10.25 a year ago.

For the quarter, the company reported net charge offs was $20,000 compared to $202,000 a year ago.