According to First Community's officials, the company had a consolidated operating income of $4.62 million or $0.38 per diluted share for the three months ended September 30, 2002. This figure reflects a marked increase from third quarter 2001, when consolidated operating earnings of $1.73 million or $0.35 per diluted share were reported.

The company, which derives it income mainly from the interest received on real estate, commercial and consumer loans, increased its total assets to $2.2 billion as of September 20, 2002, an increase of $950 million from June 30, 2002. As a result of its acquisitions of Marathon Bancorp, Upland Bank and First National Bank in the third quarter of 2002, nonperforming assets increased to $15 million from $9 million at June 30, 2002.