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First Community Bank Review

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First Community Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1995, First Community Bank has $1 billion in assets along with deposits totaling $893 million, ranking the institution as a medium-size bank. First Community Bank, whose headquarters are in Lexington, South Carolina, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 3.9 out of 5 stars, First Community Bank should be near the middle of the pack in your search for a bank. First Community Bank has a complete selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, First Community Bank's most basic checking does not carry a monthly fee. Institutions that offer free checking, in addition to a high savings APY are the best bet for getting the most income from your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

First Community Bank has a savings rate of 0.05%, which is fair in comparison to other U.S. banks. Its one-year CD earns at a rate of 0.40% and the five-year CD earns at a rate of 1.20%, while its highest-yielding money market account has an APY of 0.30%. Given First Community Bank's poor savings rate, you should consider choosing another bank to earn more on your deposits.

How First Community Bank's Savings Rates Compare

First Community Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

First Community Bank has generally extremely low fees as compared against the national average. Its checking account has no monthly fee, making it excellent for anyone looking for a simple account. First Community Bank unfortunately does not refund out-of-network ATM charges, which means you'll be required to search for a First Community Bank ATM or pay the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

First Community Bank is a brick-and-mortar bank, with 20 total branches in Georgia and South Carolina. With mobile and web apps, First Community Bank makes account access straightforward, even on the go. First Community Bank receives unsatisfactory feedback from customers for its mobile platform. The First Community Bank mobile app rates a 1.9 out of 5 (with 25 ratings on Apple and Android) compared to the national average of 3.8. You can use First Community Bank's app to manage your funds by monitoring monthly statements, sending and receiving money as well as accessing customer service. First Community Bank gets an outstanding consumer satisfaction score due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 1.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

First Community Bank ranks as a medium-size bank and handles assets totaling $1 billion as well as $893 million in deposits. First Community Bank has an excellent Texas Ratio of 4.38%, signifying a low chance of failure. Additionally, First Community Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare First Community Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 0.02% APY $500
Certificates of Deposit
  • 12 Month: 0.40% APY
  • 24 Month: 0.60% APY
  • 36 Month: 0.75% APY
  • 48 Month: 0.75% APY
  • 60 Month: 1.20% APY
$500 for all terms
Money Market Account 0.25% APY $10000

First Community Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. First Community Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. First Community Bank's CD rates are fair in comparison to other U.S. banks.

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Find a First Community Bank Near Me

First Community Bank has 20 physical branches in the U.S.

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