第一社区(南卡州) 2025年度报告

Form 10-K (Mark One)Annual Report under Section 13 or 15(d) of the Securities Exchange Act of 1934For the fiscal year ended December 31, 2025 Or Transition Report under Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period fromto Commission file number: 000-28344 (Exact name of registrant as specified in its charter) South Carolina(State or other jurisdiction of incorporation or organization) 29072(Zip Code) 803-951-2265Registrant’s telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesNo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act.YesNo Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit and post such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerAccelerated FilerNon-accelerated FilerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness ofits internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo As of June 30, 2025, the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was $178,810,210based on the closing price of $24.38 on June 30, 2025, as reported on The NASDAQ Capital Market. 9,384,045 shares of the registrant’scommon stock were issued and outstanding as of March 16, 2026. Documents Incorporated by Reference Portions of the registrant’s Definitive Proxy Statement for its 2026 Annual Meeting of Shareholders are incorporated by reference into PartIII, Items 10-14 of this Form 10-K. TABLE OF CONTENTS PART IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 1C. CybersecurityItem 2. PropertiesItem 3. Legal Proceedings 0Item 4. Mine Safety Disclosures40PART II41Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters, and Issuer Purchases of Equity Securities41Item 6. [Reserved]42Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations42Item 7A. Quantitative and Qualitative Disclosures about Market Risk70Item 8. Financial Statements and Supplementary Data70Consolidated Balance Sheets74Consolidated Statements of Income75Consolidated Statements of Comprehensive Income76Consolidated Statements of Changes in Shareholders’ Equity77Consolidated Statements of Cash Flows78Notes to Consolidated Financial Statements79Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure120Item 9A. Controls and Procedures120Item 9B. Other Information120Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections120PART III121Item 10. Directors, Executive Officers and Corporate Governance121Item 11. Executive Compensation121Item 12. Security