| The following table for December 31, 2025 and 2024 sets forth a summary of the Plan’s assets reported at NAV as a practical expedient to estimate fair value: |
The following
table for December 31, 2025 and 2024 sets forth a summary of the Plan’s assets reported at NAV as a practical expedient
to estimate fair value:
| |
|
December
31, 2025 |
|
| Investment |
|
Fair
value |
|
|
Unfunded
commitment |
|
|
Redemption
frequency |
|
|
Redemption
notice period |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Collective
trust fund |
|
$ |
566,799 |
|
|
$ |
— |
|
|
|
Daily |
|
|
|
(b) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December
31, 2024 |
|
| Investment |
|
Fair
value |
|
|
Unfunded
commitment |
|
|
Redemption
frequency |
|
|
Redemption
notice period |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Collective
trust fund |
|
$ |
1,070,608 |
|
|
$ |
— |
|
|
|
Daily |
|
|
|
(b) |
|
| (b) |
Participants may redeem
units of the Fund for the purpose of funding a bona fide benefit payment, making a participant loan, honoring an employee-directed
transfer of the employee’s interest in the plan to another investment election that is a noncompeting investment, or
paying Trustee fees. Participants may make withdrawals from the Fund for other purposes generally only upon 12 months’
advance written notice to the Trustee. |
|
| The following table for December 31, 2025 and 2024 sets forth a summary of the Plan’s assets reported at NAV as a practical expedient to estimate fair value: |
The following
tables set forth by level, within the fair value hierarchy, the Plan’s fair value measurements as of December 31, 2025 and
2024:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| | |
December 31, 2025 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| Mutual funds | |
$ | 36,612,878 | | |
$ | — | | |
$ | — | | |
$ | 36,612,878 | |
| First Community Corporation Unitized Stock Fund – Cash | |
| 180,695 | | |
| — | | |
| — | | |
| 180,695 | |
| First Community Corporation Unitized Stock Fund – Common Stock | |
| 3,921,744 | | |
| — | | |
| — | | |
| 3,921,744 | |
| Total assets in the fair value hierarchy | |
| 40,715,317 | | |
$ | — | | |
$ | — | | |
| 40,715,317 | |
| Investments measured at NAV(a) | |
| | | |
| | | |
| | | |
| 566,799 | |
| Investments at fair value | |
| | | |
| | | |
| | | |
$ | 41,282,116 | |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| | |
December 31, 2024 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| Mutual funds | |
$ | 31,740,271 | | |
$ | — | | |
$ | — | | |
$ | 31,740,271 | |
| First Community Corporation Unitized Stock Fund | |
| 3,194,190 | | |
| — | | |
| — | | |
| 3,194,190 | |
| Total assets in the fair value hierarchy | |
| 34,934,461 | | |
$ | — | | |
$ | — | | |
| 34,934,461 | |
| Investments measured at NAV(a) | |
| | | |
| | | |
| | | |
| 1,070,608 | |
| Investments at fair value | |
| | | |
| | | |
| | | |
$ | 36,005,069 | |
| (a) |
Certain investments
that were measured at NAV per share or its equivalent have not been classified in the fair value hierarchy. The fair value
amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented
in the statements of net assets available for benefits. |
|