##### Table of Contents





U.S. SECURITIES AND EXCHANGE
COMMISSION

WASHINGTON, D.C. 20549





FORM 10-K





(Mark One)

|x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ------------------------------------------------------------------------------------

For the fiscal year ended December 31, 2010



| ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ----------------------------------------------------------------------------------------

Commission file number 000-49736





FIRST
COMMUNITY FINANCIAL CORPORATION

(Name of registrant in its charter)







|                                                               |  |                                  
|-------------------------------------------------------------- |  | ---------------------------------
|PENNSYLVANIA                                                   |  | 23-2321079                       
|(State or other jurisdiction of
incorporation or organization) |  | (IRS Employer Identification No.)
|                                                               | 
|TWO NORTH MAIN STREET, MIFFLINTOWN, PENNSYLVANIA               |  | 17059                            
|(Address of principal executive office)                        |  | (Zip Code)                       

Issuers telephone number (717) 436-2144





Securities registered under Section 12(g) of the Exchange Act:

COMMON STOCK, $5.00 PAR VALUE

(Title of class)





Indicate by check mark if the
registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities
Act.    Yes   ̈    No  x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    Yes   ̈    No  x

Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days.    Yes  x    No   ̈

Indicate by check mark if disclosure of delinquent filers in response to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrants knowledge, in
definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes   ̈    No  x

Indicate
by check mark whether the registrant is a large accelerated filer, accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of accelerated filer, large accelerated filer, and smaller
reporting company in Rule 12b-2 of the Act (check one):



|                        |  |   |  |                           |  |  
|----------------------- |  | - |  | ------------------------- |  | -
|Large Accelerated Filer |  |  ̈ |  | Accelerated filer         |  |  ̈
|                        |  |   | 
|Non-accelerated Filer   |  |  ̈ |  | Smaller reporting company |  | x

The
aggregate market value of the voting common stock held by nonaffiliates of the registrant as of June 30, 2010 was $26,197,600

Indicate
the number of shares outstanding of each of the registrants classes of common stock, as of the latest practicable date: Common stock, par value $5.00 per share, 1,403,761 shares outstanding as of February 25, 2011.





DOCUMENTS INCORPORATED BY REFERENCE

Portions of the First Community Financial Corporation Annual Report for the year ended December 31, 2010 are incorporated by reference into Parts I and II. Portions of the Proxy Statement filed with
respect to the First Community Financial Corporation 2011 Annual Meeting are incorporated by reference into Part III.









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INDEX



|            |  |                                                                                                              |  |  |    | 
|----------- |  | ------------------------------------------------------------------------------------------------------------ |  |  | -- | 
|Description |  | Page                                                                                                         | 
|            | 
|PART I      |  |                                                                                                              |  | 
|            |  |                                                                                                             
|Item 1.     |  | Business                                                                                                     |  |  | 1  | 
|            |  |                                                                                                             
|Item 1A.    |  | Risk Factors                                                                                                 |  |  | 11 | 
|            |  |                                                                                                             
|Item 1B.    |  | Unresolved Staff Comments                                                                                    |  |  | 11 | 
|            |  |                                                                                                             
|Item 2.     |  | Properties                                                                                                   |  |  | 12 | 
|            |  |                                                                                                             
|Item 3.     |  | Legal Proceedings                                                                                            |  |  | 13 | 
|            |  |                                                                                                             
|Item 4.     |  | Removed and Reserved                                                                                         |  |  | 13 | 
|            | 
|PART II     |  |                                                                                                              |  | 
|            |  |                                                                                                             
|Item 5.     |  | Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |  |  | 13 | 
|            |  |                                                                                                             
|Item 6.     |  | Selected Financial Data                                                                                      |  |  | 15 | 
|            |  |                                                                                                             
|Item 7.     |  | Managements Discussion and Analysis of Financial Condition and Results of
Operations                        |  |  | 16 | 
|            |  |                                                                                                             
|Item 7A.    |  | Quantitative and Qualitative Disclosures about Market Risk                                                   |  |  | 16 | 
|            |  |                                                                                                             
|Item 8.     |  | Financial Statements and Supplementary Data                                                                  |  |  | 16 | 
|            |  |                                                                                                             
|Item 9.     |  | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                         |  |  | 16 | 
|            |  |                                                                                                             
|Item 9A.    |  | Controls and Procedures                                                                                      |  |  | 16 | 
|            |  |                                                                                                             
|Item 9B.    |  | Other Information                                                                                            |  |  | 17 | 
|            | 
|PART III    |  |                                                                                                              |  | 
|            |  |                                                                                                             
|Item 10.    |  | Directors, Executive Officers and Corporate Governance                                                       |  |  | 17 | 
|            |  |                                                                                                             
|Item 11.    |  | Executive Compensation                                                                                       |  |  | 18 | 



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|           |  |                                                                                                |    |  |    | 
|---------- |  | ---------------------------------------------------------------------------------------------- | -- |  | -- | 
|           |  |                                                                                               
|Item 12.   |  | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters |    |  | 18 | 
|           |  |                                                                                               
|Item 13.   |  | Certain Relationships and Related Transactions, and Director Independence                      |    |  | 18 | 
|           |  |                                                                                               
|Item 14.   |  | Principal Accountant Fees and Services                                                         |    |  | 18 | 
|           | 
|PART IV    |  |                                                                                                |    | 
|           |  |                                                                                               
|Item 15.   |  | Exhibits and Financial Statement Schedules                                                     |    |  | 19 | 
|           | 
|Signatures |  |                                                                                                | 25 | 



(ii)



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PART I



|ITEM 1. | Business.
|------- | ---------

First Community Financial
Corporation (the Corporation) is a one bank holding company incorporated under the laws of the Commonwealth of Pennsylvania and registered under the Bank Holding Company Act of 1956, as amended. The Corporation is headquartered in
Mifflintown, Pennsylvania and was organized on November 13, 1984 for the purpose of acquiring The First National Bank of Mifflintown (the Bank) as a wholly-owned national bank subsidiary. The Corporations principal activity
consists of owning and supervising the Bank, which is engaged in providing banking and banking related services in central Pennsylvania, principally in Juniata and Perry Counties. The day-to-day management of the Bank is conducted by its officers,
subject to review by its Board of Directors. Each Director of the Corporation also is a Director of the Bank. The Corporation derives substantially all of its current income from the Bank. The Corporation also has made certain investments in other
Pennsylvania banking institutions, the dividends on which also are included in our current income.

The First National Bank of
Mifflintown

The Bank became a wholly-owned subsidiary of the Corporation pursuant to a Plan of Reorganization and Merger consummated
in April 1985. The Bank was originally chartered as a private bank in 1864 and converted to a national bank in 1889. The Bank conducts business through eleven full service banking offices. The main banking office is located in the Borough of
Mifflintown, four branch offices are maintained in Juniata County and six branch offices are maintained in Perry County, Pennsylvania.

As of
December 31, 2010, the Bank had total assets of $374.2 million, total shareholders equity of $28.3 million, and total deposits of $317.8 million.

The deposits of the Bank are insured by the Federal Deposit Insurance Corporation (the FDIC) to the extent provided by law. The Bank provides a wide range of banking services to businesses and
individuals, with particular emphasis on serving the needs of the individual consumer. Banking services include secured and unsecured financing, real estate financing, agricultural financing, mortgage lending, and trust and other related services,
as well as checking, savings and time deposits, and a wide variety of other financial services to individuals, businesses, municipalities and governmental bodies.

The Bank concentrates its lending activities on residential real estate, commercial real estate, commercial loans, agricultural loans and consumer installment loans. A substantial portion of the loan
portfolio is secured by commercial and residential real estate, either as primary or secondary collateral. Loan approvals are made in accordance with a policy that includes delegated authorities approved by the Board of Directors. Loans are approved
at various management levels up to and including the Board of Directors, depending on the amount of the loan.



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As of December 31, 2010, residential real estate loans represented 61.2% of the total loan portfolio.
These types of loans represent a relatively low level of risk, especially in the absence of speculative lending. The most prominent risks in this market are those associated with declining economic conditions resulting from economic downturns and
increases in unemployment, which could affect borrowers abilities to repay loans. The Bank limits its risk in this area by often requiring private mortgage insurance for certain residential real estate loans in excess of 80% of the appraised
value.

Commercial real estate loans represented 19.3%, commercial, financial and agricultural loans represented 16.4% and construction loans
represented 1.0% of the total loan portfolio at December 31, 2010. Commercial real estate loans consist primarily of loans to local businesses where the collateral for the loans includes the real estate occupied by the business. Commercial
loans are comprised of loans to small businesses whose demand for funds fall within the legal lending limits of the Bank. The Banks agricultural loans generally consist of operating lines used to finance farming operations through the growing
season and term loans to finance farm equipment purchases. Risks associated with these types of loans can be significant and include, but are not limited to, fraud, bankruptcy, economic downturn, deteriorated or non-existing collateral and changes
in interest rates. The Bank controls risk by using certified appraisers in determining property values, by performing thorough credit analysis and by limiting the Banks total exposure to these types of loans.

As of December 31, 2010, consumer installment loans represented 2.1% of the total loan portfolio and are made on a secured and unsecured basis,
primarily to fund personal, family and household purposes, including loans for automobiles, home improvement, education loans and investments. Risks associated with consumer installment loans include, but are not limited to, fraud, deteriorated or
non-existing collateral, general economic downturn and customer financial problems. Risk in this area is limited by analyzing creditworthiness and controlling debt to income limits.

The Banks Trust Department provides a broad range of personal trust services. It administers and provides investment management services for estates, trusts, agency accounts and employee benefit
plans. For the year ended December 31, 2010, income from the Banks fiduciary activities amounted to $474,000 and the Bank had assets worth $108.2 million under management in its Trust Department at that time.

The Bank is subject to regulation and periodic examination by the Office of the Comptroller of the Currency (the OCC).

During the last five years, the Corporation has experienced substantial growth. Specifically, the Corporations total assets increased from $267.2
million as of December 31, 2005 to $374.2 million as of December 31, 2010, funded primarily by an increase in the Banks total deposits over this period from $211.9 million to $317.8 million. Additionally, the Banks loans
increased from $161.8 million to $236.2 million over this same period, while the Corporations annual net income ranged between $2.0 million and $3.7 million.



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The growth in the Banks deposits and loans reflect its efforts to increase its market share in Juniata
and Perry Counties and is largely attributable to the maturation of the Banks newer branches in East Waterford, Juniata County and Loysville, New Bloomfield, Shermans Dale and Bloomfield Borough, Perry County and expansion of its products,
services and expertise.

Market Area and Competition

The Banks market area lies within Juniata and Perry Counties, Pennsylvania. By all indications, this region has good economic prospects. Juniata and Perry Counties had a combined estimated
population of 68,620 in 2010, representing an increase of approximately 2.4% since 2000. The primary industries in the region are agriculture and timber/woodworking. Unemployment rates in 2010 were 6.7% in Juniata County and 7.7% in Perry County.
With a stable workforce and growing population, the Corporation believes that the regions long term economic prospects are positive.

As
of June 30, 2010, three commercial banks (the Bank, Juniata Valley Bank, and First National Bank of Pennsylvania) operated offices in Juniata County. Of all financial institutions operating in Juniata County, the Bank ranked first in terms of
total deposits at June 30, 2010 with 49.55%. Juniata Valley Bank followed closely with 41.84% and First National Bank of Pennsylvania ranked third with 8.61%. Each of the institutions with which the Bank competes in Juniata County is larger
than the Bank. With the advantages of larger asset and capital bases, these competitors tend to have larger lending limits and tend to offer a somewhat wider variety of services than does the Bank.

In Perry County, the Bank faces competition from six banks. Several of these competitors also are substantially larger than the Bank and are likely to
enjoy the competitive advantages provided by larger asset and capital bases. Moreover, the Perry County market is less concentrated, and therefore more competitive, than the Juniata County market. The Banks principal competitors in Perry
County are Bank of Landisburg, with 32.75% of deposits at June 30, 2010, Riverview National Bank, with approximately 17.64%, and Orrstown Bank, with approximately 15.26%. The Bank has 17.06% of the deposits in Perry County as of June 30,
2010.

The Bank also competes with other types of financial institutions, including credit unions, finance companies, brokerage firms,
insurance companies and retailers. Deposit deregulation has intensified the competition for deposits in recent years.

Supervision and
Regulation

As a bank holding company, the Corporation is subject to regulation by the Pennsylvania Department of Banking and the
Federal Reserve Board. The deposits of the Bank are insured by the FDIC. The Bank is therefore subject to regulation by the FDIC but as a national bank, is primarily regulated and examined by the OCC.



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The Corporation is required to file with the Federal Reserve Board an annual report and such additional
information as the Federal Reserve Board may require pursuant to the Bank Holding Company Act of 1956, as amended (the BHC Act). The Federal Reserve Board may also make examinations of the Corporation. The BHC Act requires each bank
holding company to obtain the approval of the Federal Reserve Board before it may acquire substantially all the assets of any bank, or before it may acquire ownership or control of any voting shares of any bank if, after such acquisition, it would
own or control, directly or indirectly, more than five percent of the voting shares of such bank.

Pursuant to provisions of the BHC Act and
regulations promulgated by the Federal Reserve Board thereunder, the Corporation may only engage in or own companies that engage in activities deemed by the Federal Reserve Board to be closely related to the business of banking or managing or
controlling banks, and the Corporation must gain permission from the Federal Reserve Board prior to engaging in most new business activities.

A bank holding company and its subsidiaries are subject to certain restrictions imposed by the BHC Act on any extensions of credit to the Bank or any of
its subsidiaries, investments in the stock or securities thereof, and on the taking of such stock or securities as collateral for loans to any borrower. A bank holding company and its subsidiaries are also prevented from engaging in certain tie-in
arrangements in connection with any extension of credit, lease or sale of property or furnishing of services.

Source of
Strength Doctrine

Under Federal Reserve Board regulations, a bank holding company is required to serve as a source of financial and
managerial strength to its subsidiary banks and may not conduct its operations in an unsafe or unsound manner. In addition, it is the Federal Reserve Boards policy that in serving as a source of strength to its subsidiary banks, a bank holding
company should stand ready to use available resources to provide adequate capital funds to its subsidiary banks during periods of financial stress or adversity and should maintain the financial flexibility and capital-raising capacity to obtain
additional resources for assisting its subsidiary banks. A bank holding companys failure to meet its obligations to serve as a source of strength to its subsidiary banks will generally be considered by the Federal Reserve Board to be an unsafe
and unsound banking practice or a violation of the Federal Reserve Board regulations or both. This doctrine is commonly known as the source of strength doctrine.

Dividends

Dividends are paid by the Corporation from its earnings, which are mainly
provided by dividends from the Bank. However, certain regulatory restrictions exist regarding the ability of the Bank to transfer funds to the Corporation in the form of cash dividends, loans or advances. The approval of the OCC is required if the
total of all dividends declared by a national bank in any calendar year exceeds the Banks net profits (as defined) for that year combined with its retained net profits for the preceding two calendar years. Under this restriction, at
December 31, 2010, the Bank, without prior regulatory approval, could currently declare dividends to the Corporation totaling approximately $5,665,000.



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Capital Adequacy

The federal banking regulators have adopted risk-based capital guidelines for bank holding companies and banks, such as the Corporation and the Bank. Currently, the required minimum ratio of total capital
to risk-weighted assets (including off-balance sheet activities, such as standby letters of credit) is 8%. At least half of the total capital is required to be Tier 1 capital, consisting principally of common shareholders equity,
non-cumulative perpetual preferred stock, a limited amount of cumulative perpetual preferred stock and minority interests in the equity accounts of consolidated subsidiaries, less goodwill. The remainder (Tier 2 capital) may consist of a limited
amount of subordinated debt and intermediate-term preferred stock, certain hybrid capital instruments and other debt securities, perpetual preferred stock and a limited amount of the general loan loss allowance.

In addition to the risk-based capital guidelines, the Federal banking regulators established minimum leverage ratio (Tier 1 capital to total assets)
guidelines for bank holding companies. These guidelines provide for a minimum leverage ratio of 3% for those bank holding companies which have the highest regulatory examination ratings and are not contemplating or experiencing significant growth or
expansion. All other bank holding companies are required to maintain a leverage ratio of at least 1% to 2% above the 3% stated minimum. The Corporation and the Bank exceed all applicable capital requirements.

FDICIA

The Federal
Deposit Insurance Corporation Improvement Act (FDICIA) was enacted into law in 1991. FDICIA established five different levels of capitalization of financial institutions, with prompt corrective actions and significant
operational restrictions imposed on institutions that are capital deficient under the categories. The five categories are: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized.

To be considered well capitalized, an institution must have a total risk-based capital ratio of at least 10%, a Tier 1 risk-based capital
ratio of at least 6%, a leverage capital ratio of 5%, and must not be subject to any order or directive requiring the institution to improve its capital level. An institution falls within the adequately capitalized category if it has a total
risk-based capital ratio of at least 8%, a Tier 1 risk-based capital ratio of at least 4%, and a leverage capital ratio of at least 4%. Institutions with lower capital levels are deemed to be undercapitalized, significantly undercapitalized or
critically undercapitalized, depending on their actual capital levels. In addition, the appropriate federal regulatory agency may downgrade an institution to the next lower capital category upon a determination that the institution is in an unsafe
or unsound condition, or is engaged in an unsafe or unsound practice. Institutions are required under FDICIA to closely monitor their capital levels and to notify their appropriate regulatory agency of any basis for a change in capital category.
Regulatory oversight of an institution becomes more stringent with each lower capital category, with certain prompt corrective actions imposed depending on the level of capital deficiency. On December 31, 2010, the Corporation and
the Bank each exceeded the minimum capital levels of the well-capitalized category.



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Other Provisions of FDICIA

Each depository institution must submit audited financial statements to its primary regulator and the FDIC, which reports are made publicly available. In addition, the audit committee of depository
institutions with assets of $500 million or more must consist of a majority of outside directors and the audit committee of depository institutions with $1 billion or more in total assets must consist entirely of outside directors. In addition, an
institution must notify the FDIC and the institutions primary regulator of any change in the institutions independent auditor, and annual management letters must be provided to the FDIC and the depository institutions primary
regulator.

Under FDICIA, each federal banking agency must prescribe certain safety and soundness standards for depository institutions and
their holding companies. Three types of standards must be prescribed: asset quality and earnings, operational and managerial, and compensation. Such standards would include a ratio of classified assets to capital, minimum earnings, and, to the
extent feasible, a minimum ratio of market value to book value for publicly traded securities of such institutions and holding companies. Operational and managerial standards must relate to: (i) internal controls, information systems and
internal audit systems, (ii) loan documentation, (iii) credit underwriting, (iv) interest rate exposure, (v) asset growth, and (vi) compensation, fees and benefits.

Provisions of FDICIA relax certain requirements for mergers and acquisitions among financial institutions and provide specific authorization for a federally chartered savings association or national bank
to be acquired by an insured depository institution.

Under FDICIA, all depository institutions must provide 90 days notice to their primary
federal regulator of branch closings, and penalties are imposed for false reports by financial institutions. Depository institutions with assets in excess of $500 million must be examined on-site annually by their primary federal or state regulator
or the FDIC.

FDIC Insurance and Assessments

Deposit accounts in the Bank are insured by the FDIC generally up to a maximum of $250,000 per separately insured depositor and up to a maximum of $250,000 for self-directed retirement accounts. The
Banks deposits, therefore, are subject to FDIC deposit insurance assessments.

In 2008 and 2009, higher levels of bank failures
dramatically increased the resolution costs of the FDIC, and depleted the deposit insurance fund. In addition, the FDIC and the U.S. Congress have taken action to increase federal insurance coverage, placing additional stress on the deposit
insurance fund. In order to maintain a strong funding position and restore reserve ratios of the deposit insurance fund, the FDIC increased assessment rates of insured institutions uniformly by seven cents for every $100 of deposits beginning with
the first quarter of 2009, with additional changes beginning April 1, 2009, which require riskier institutions to pay a larger share of premiums by factoring in rate adjustments based on secured liabilities and unsecured debt levels. To further
support the rebuilding of the deposit insurance fund, the FDIC imposed a special assessment on each insured institution, equal to five basis points of the institutions total assets minus Tier 1 capital as of September 30, 2009. For the
Bank, an aggregate charge of $660,000 was recorded as a charge to operating costs in 2009. The FDIC has indicated that future special assessments are possible, although it has not determined the magnitude or timing of any future assessments. In
December 2009, we paid a pre-payment of FDICs estimated assessment total for the next three years, totaling approximately $1.6 million. The pre-payment amount has been included in Other Assets in the consolidated balance sheet and will
continue to be amortized, subject to adjustments imposed by the FDIC, over the next three years.



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Community Reinvestment Act

Under the Community Reinvestment Act of 1977 (CRA) and implementing regulations of the banking agencies, a financial institution has a continuing and affirmative obligation, consistent with
safe and sound operation, to meet the credit needs of its entire community, including low and moderate income neighborhoods. The CRA does not establish specific lending requirements or programs for financial institutions, nor does it limit an
institutions discretion to develop the types of products and services it believes to be best suited to its particular community. The CRA requires that bank regulatory agencies conduct regular CRA examinations and provide written evaluations of
institutions CRA performance. The CRA also requires that an institutions CRA performance rating be made public. CRA performance evaluations are based on a four-tiered rating system: Outstanding, Satisfactory, Needs to Improve and
Substantial Noncompliance. Although CRA examinations occur on a regular basis, CRA performance evaluations have been used principally in the evaluation of regulatory applications submitted by an institution. CRA performance evaluations are
considered in evaluating applications for such things as mergers, acquisitions and applications to open branches. A bank holding company cannot elect to be a financial holding company with the expanded securities, insurance and other
powers that designation entails unless all of the depository institutions owned by the holding company have a CRA rating of satisfactory or better. The Gramm-Leach-Bliley Act also provides that a financial institution will be subject to CRA
examinations no more frequently than every 5 years if its most recent CRA rating was outstanding, or every 4 years if its rating was satisfactory. Following a CRA examination as of March 17, 2009, the Bank received
a rating of satisfactory.

Financial Services Modernization Legislation

The Gramm-Leach-Bliley Act of 1999 has had and will continue to have a significant impact on all financial institutions, including banks. The impact of
the act is two-fold. First, the Act has swept away much of the regulatory structure established in the 1930s under the Glass-Steagall Act. The law creates opportunities for banks, other depository institutions, insurance companies, and
securities firms to enter into business combinations that permit a single financial services organization to offer customers a complete array of financial products. The result will be increased competition in the market place for banks and other
financial institutions, tempered by an enhanced ability to compete in this new market. Banks, insurance companies and securities firms may now affiliate through a financial holding company and engage in a broad range of activities
authorized by the Federal Reserve Board and the Department of Treasury. The new activities that the Act permits for financial holding companies and their affiliates are those that are financial in nature or incidental to financial activities,
including insurance underwriting, investment banking, investment advisory services and securities brokerage services. The Federal Reserve maintains the authority to require that the financial holding company remain well capitalized and well managed.
We have not elected to become a financial holding company.



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In addition, national banks are authorized to conduct these activities through financial
subsidiaries, under the supervision of the OCC, except that national bank subsidiaries may not engage in insurance underwriting, merchant banking, insurance company portfolio investment, or real estate investment and development.

Secondly, the Act has altered the regulatory boundaries for all financial services organizations, including the Bank. For example, by repealing an
exemption from SEC broker/dealer registration formerly enjoyed by banks for their securities activities, the Act adds a potential layer of SEC regulation to the banks regulatory structure.

To the extent that the Gramm-Leach-Bliley Act permits banks, securities firms and insurance companies to affiliate, the financial services industry may
experience further consolidation. This could result in a growing number of larger financial institutions that offer a wider variety of financial services than the Bank is able to offer and that can aggressively compete in the markets that the Bank
intends to serve.

Bank Secrecy Act and Related Laws and Regulations  These laws and regulations have significant implications for all
financial institutions. They increase due diligence requirements and reporting obligations for financial institutions, create new crimes and penalties, and require the federal banking agencies, in reviewing merger and other acquisition transactions,
to consider the effectiveness of the parties to such transactions in combating money laundering activities. Even innocent noncompliance and inconsequential failure to follow the regulations can result in significant fines or other penalties which
could have a material adverse impact on the Corporations financial condition, results of operations or liquidity.

Dodd-Frank Wall
Street Reform and Consumer Protection Act (the Act)  On July 21, 2010 President Obama signed the Act into law. The Act contains numerous and wide-ranging changes to the structure of the U.S. financial system. Portions of the
Act are effective at different times, and many of the provisions require follow-on, more detailed rulemaking by regulators. Consequently, the Acts impact on the financial system in general and the Corporation in particular cannot be predicted
at this time. Some of the Acts provisions management believes may impact the Corporations financial condition and results of the operations over the next few years are as follows:



| |  |  | requires the establishment of minimum leverage and risk-based capital requirements applicable to bank holding companies that are not less than those
currently applicable to insured depository institutions (currently 5%, 6% and 10% to be well capitalized, and 4%, 4% and 8% to be adequately capitalized) The minimum capital requirements do not apply to small bank holding
companies such as the Corporation. Small bank holding companies are defined as holding companies with less than $500 million in assets.
| | - |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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| |  |  | alters the FDICs base for determining deposit insurance assessments by requiring the assessments be determined based on the average
consolidated total assets less the institutions average tangible equity, rather than on a banks deposits.
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | increases the FDICs minimum reserve ratio for the deposit insurance fund from 1.15% to 1.35% of estimated deposits with no upward limit. The FDIC
is required to offset the effect of the increased minimum reserve ratio on institutions with less than $10 billion in total consolidated assets. The intent appears to be to require the FDIC to impose higher premiums on larger banks in
order to get from the old minimum of 1.15% to the new 1.35%, but given the current reserve ratio of negative 0.38%, all institutions can expect assessments to remain significant for the foreseeable future. The Act allows the FDIC until
September 30, 2020 to reach 1.35%.
| | - |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | eliminates the prohibition against paying interest on commercial checking accounts, effective one year after enactment.
| | - |  | -----------------------------------------------------------------------------------------------------------------------



| |  |  | requires the Federal Reserve, within nine months of enactment, to prescribe regulations to establish standards for determining that interchange
transaction fees meet the new statutory standard of reasonable and proportional to the cost. Card issuers which, together with their affiliates, have less than $10 billion in assets are exempt from these new regulations.
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The Act has other significant features, some of which are as follows: (i) makes permanent the 2008 increase in the
maximum deposit insurance amount of $250,000, and extends until December 31, 2012 full deposit insurance coverage for qualifying noninterest-bearing transaction accounts, (ii) within the Act is the Mortgage Reform and Anti-Predatory
Lending Act, a broad piece of legislation intended to curtail abusive residential mortgage lending practices that contributed to the mortgage/housing crisis, (iii) requires the formation of the Bureau of Consumer Financial Protection as a new,
independent bureau within the Federal Reserve, with very broad rulemaking and supervisory authority with respect to federal consumer financial laws, (iv) establishes the Financial Stability Oversight Council, to serve as an early warning system
indentifying risks in firms and market activities, to enhance oversight of the financial system as a whole and to harmonize prudent standards across financial regulatory agencies, and (v) establishes several requirements related to executive
compensation and corporate governance.



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Other Laws and Regulations

State usury and credit laws limit the amount of interest and various other charges collected or contracted by a bank on loans. The Banks loans are also subject to federal laws applicable to credit
transactions, such as the following:



| |  |  | Federal Truth-In-Lending Act, which governs disclosures of credit terms to consumer borrowers;
| | - |  | ----------------------------------------------------------------------------------------------



| |  |  | Home Mortgage Disclosure Act, requiring financial institutions to provide information to enable public officials to determine whether a financial
institution is fulfilling its obligations to meet the housing needs of the community it serves;
| | - |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Equal Credit Opportunity Act prohibiting discrimination on the basis of race, creed or other prohibitive factors in extending credit;
| | - |  | -------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Real Estate Settlement Procedures Act, which requires lenders to disclose certain information regarding the nature and cost of real estate settlements,
and prohibits certain lending practices, as well as limits escrow account amounts in real estate transactions;
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Fair Credit Reporting Act governing the manner in which consumer debts may be collected by collection agencies; and
| | - |  | -------------------------------------------------------------------------------------------------------------------



| |  |  | Various rules and regulations of various federal agencies charged with the implementation of such federal laws.
| | - |  | ---------------------------------------------------------------------------------------------------------------

Additionally, our operations are subject to the additional federal laws and regulations, including, without limitation:



| |  |  | Privacy provisions of the Gramm-Leach-Bliley Act and related regulations, which require us to maintain privacy policies intended to safeguard customer
financial information, to disclose the policies to our customers and to allow customers to opt out of having their financial service providers disclose their confidential financial information to non-affiliated third parties, subject to
certain exceptions;
| | - |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Right to Financial Privacy Act, which imposes a duty to maintain confidentiality of consumer financial records and prescribes procedures for complying
with administrative subpoenas of financial records;
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Consumer protection rules for the sale of insurance products by depository institutions, adopted pursuant to the requirements of the Gramm-Leach-Bliley
Act; and
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Title III of the USA Patriot Act, which requires financial institutions to take certain actions to help prevent, detect and prosecute international
money laundering and the financing of terrorism.
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Section 404 of the Sarbanes-Oxley Act of 2002 requires management to issue a report on the effectiveness of its internal controls over financial
reporting. Certifications of the Principal Executive Officer and Chief Financial Officer as required by Sarbanes  Oxley and the resulting SEC rules can be found in the Signatures and Exhibits sections.
| | - |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



10



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##### Table of Contents

Proposed Legislation and Regulations

From time to time, various federal and state legislation is proposed that could result in additional regulation of, and restrictions on, the business of
the Corporation or the Bank, or otherwise change the business environment. We cannot predict whether any of this legislation, if enacted, will have a material effect on the business of the Corporation or the Bank.

Employees

As of
December 31, 2010, the Bank had a total of 69 full-time and 58 part-time employees.

Selected Statistical Information

Certain statistical information is included as part of Managements Discussion and Analysis of Financial Conditions and Results
of Operations, included on pages 48 through 63 of the Annual Report to Shareholders for the year ended December 31, 2010, attached to this Report as Exhibit 13 and incorporated herein by reference.



|ITEM 1A. | Risk Factors.
|-------- | -------------

(Not required of a smaller
reporting company)



|ITEM 1B. | Unresolved Staff Comments.
|-------- | --------------------------

Not
applicable.



11



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##### Table of Contents

|ITEM 2. | Properties.
|------- | -----------

The Bank owns its
main office located at Two North Main Street in Mifflintown, Pennsylvania and the following branch offices:

Tuscarora Valley Branch

Route 75 & Old U.S. Route 22/322

Walker Township, Juniata County, Pennsylvania

Fermanagh Branch

Pa. Route 35 & U.S. Route 22/322

Fermanagh Township, Juniata County, Pennsylvania

Loysville Branch

Pa. Route 850 & Pa.
Route 274

Loysville, Perry County, Pennsylvania

New Bloomfield Branch

Route 274 West & Cold Storage Road

Center Township, Perry County, Pennsylvania

West Perry Branch

Route 74 & Route
274

Spring and Tyrone Townships, Perry County, Pennsylvania

Ickesburg Branch

Route 17 West

Ickesburg, Perry County, Pennsylvania

Bloomfield Borough Branch

216 S. Carlisle St.

New Bloomfield, Perry
County, Pennsylvania

The Bank leases the building space occupied by its Delaware branch office located on Pa. Route 333 in Delaware Township,
Juniata County under a lease that has been renewed and shall expire on March 31, 2014. Upon expiration of the renewal term, the Bank may extend the lease for two successive renewal periods of five years each.

The Bank also leases the land where it constructed its East Waterford branch office, located on North Main Street in Tuscarora Township, Juniata County.
The initial term of this lease expires July 18, 2014. Upon expiration of the initial term, the Bank may extend the lease for two successive renewal periods of five years each.

The Bank also leases the space occupied by the Shermans Dale Branch, located at the intersection of Pa. Route 850 and Pa. Route 34 in Carroll Township. The initial term of this lease expired
February 28, 2003. However, the Bank has exercised its annual options to renew the lease for an additional one-year term, which options ultimately extend through June 30, 2011. The Bank is currently negotiating new lease terms for this
office.



12



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##### Table of Contents

Each of the Banks eleven banking offices is a full service office, ten of which provide drive-through
teller and automated teller machine services.



|ITEM 3. | Legal Proceedings.
|------- | ------------------

Neither the
Corporation nor the Bank is a party to any material pending legal proceeding other than routine legal proceedings incidental to its business.



|ITEM 4. | Removed and Reserved.
|------- | ---------------------

PART II



|ITEM 5. | Market for Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
|------- | ------------------------------------------------------------------------------------------------

Although shares of the Corporations common stock are traded from time to time in private transactions and in the over-the-counter market, there is
no established public trading market for the stock. The Corporations common stock is not listed on any stock exchange or automated quotation system and there are no present plans to so list the stock. There can be no assurance that, at any
given time, any persons will be interested in acquiring shares of the Corporations common stock. Price quotations for the Corporations common stock do not appear regularly in any generally recognized investment media.

The following table reports the highest and lowest per share prices at which the Corporations common stock has actually traded in private
transactions and in over-the-counter transactions during the periods indicated and of which management has knowledge. To the best of managements knowledge, such prices do not include any retail mark-up, mark-down or commission. Shares may also
have been sold in transactions, the price and terms of which are not known to the Corporation. Therefore, the per share prices at which the Corporations stock has previously traded may not necessarily be indicative of the true market value of
the shares.



13



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##### Table of Contents

Highest and Lowest Per Share

Prices for Common Stock

in Actual Transactions

Known to Corporation



|               |  |      |       |  |      |   |       |      |  |   |       |  |  |   |       | 
|-------------- |  | ---- | ----- |  | ---- | - | ----- | ---- |  | - | ----- |  |  | - | ----- | 
|               |  | 2010 |       |  | 2009 |  
|               |  | High |       |  | Low  |   |       | High |  |   | Low   | 
|First Quarter  |  | $    | 29.00 |  |      | $ | 20.00 |      |  | $ | 31.00 |  |  | $ | 29.50 | 
|Second Quarter |  |      | 32.00 |  |      |   | 22.00 |      |  |   | 30.00 |  |  |   | 28.00 | 
|Third Quarter  |  |      | 29.24 |  |      |   | 25.00 |      |  |   | 30.00 |  |  |   | 20.00 | 
|Fourth Quarter |  |      | 28.00 |  |      |   | 25.56 |      |  |   | 29.00 |  |  |   | 20.00 | 

The authorized common stock of the
Corporation consists of 10,000,000 shares of common stock, par value $5.00 per share, of which 1,403,761 shares were outstanding at February 25, 2011. The Corporation has 764 shareholders of record as of February 25, 2011.

The Corporation pays dividends on the outstanding shares of our common stock as determined by the Board of Directors from time to time. It has been the
practice of the Board of the Corporation to declare dividends on a quarterly basis after considering the Corporations earnings, financial position, cash requirements and such other factors as the Board of Directors may deem relevant. The
following table sets forth the cash dividends declared per share on the Corporations common stock for the stated periods.



|     |  |                |  |                                  |       | 
|---- |  | -------------- |  | -------------------------------- | ----- | 
|     |  |                |  | Cash DividendsDeclared Per Share |      
|2010 |  | First Quarter  |  | $                                | 0.160 | 
|     |  | Second Quarter |  |                                  | 0.170 | 
|     |  | Third Quarter  |  |                                  | 0.170 | 
|     |  | Fourth Quarter |  |                                  | 0.175 | 
|     |  |                |  |                                  |       | 
|     |  |                |  | $                                | 0.675 | 
|     |  |                |  |                                  |       | 
|     |  |               
|2009 |  | First Quarter  |  | $                                | 0.140 | 
|     |  | Second Quarter |  |                                  | 0.140 | 
|     |  | Third Quarter  |  |                                  | 0.150 | 
|     |  | Fourth Quarter |  |                                  | 0.150 | 
|     |  |                |  |                                  |       | 
|     |  |                |  | $                                | 0.580 | 
|     |  |                |  |                                  |       | 

See discussion under Supervision and Regulation  Dividends in Item 1 of this Report and Note 11 to
the financial statements contained in the Annual Report to Shareholders for the year ended December 31, 2010 for a description of restrictions that may limit the Corporations ability to pay dividends on its common stock.



14



---

##### Table of Contents

The Corporation has not adopted any compensation plans, including individual compensation arrangements,
under which shares of the Corporations common stock are authorized for issuance.

On January 8, 2008, the Board of Directors of the
Company authorized a stock repurchase program pursuant to which the Company is authorized to purchase up to 7.1% of its outstanding shares or 100,000 shares. Share repurchases will be made from time to time and may be effected through open market
purchases, block trades, or in privately negotiated transactions.

The table below sets forth the information with respect to purchases of
common stock made by or on behalf of the Corporation or any affiliated purchaser as defined in Rule 240-10b-18(a) (3) under Regulation S-K during the quarter ended December 31, 2010.



|                               |  |                               |   |  |                            |   |      |                                                                           |  |  |                                                                         |  |  |  |        | 
|------------------------------ |  | ----------------------------- | - |  | -------------------------- | - | ---- | ------------------------------------------------------------------------- |  |  | ----------------------------------------------------------------------- |  |  |  | ------ | 
|                               |  | TotalNumberof SharesPurchased |   |  | AveragePrice PaidPer Share |   |      | Total Numberof SharesPurchased asPartof a PubliclyAnnouncedPlan orProgram |  |  | Maximum Numberof SharesThat May Yet
bePurchased Underthe Plan orProgram | 
|October 1 through October 31   |  |                               | 0 |  |                            | $ | 0.00 |                                                                           |  |  | 0                                                                       |  |  |  | 96,349 | 
|November 1 through November 30 |  |                               | 0 |  |                            | $ | 0.00 |                                                                           |  |  | 0                                                                       |  |  |  | 96,349 | 
|December 1 through December 31 |  |                               | 0 |  |                            | $ | 0.00 |                                                                           |  |  | 0                                                                       |  |  |  | 96,349 | 



|ITEM 6. | Selected Financial Data.
|------- | ------------------------

The selected
five year financial data, included on page 63 of the Annual Report to Shareholders for the year ended December 31, 2010, attached to this Report as Exhibit 13, is incorporated herein by reference.



15



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##### Table of Contents

|ITEM 7. | Managements Discussion and Analysis of Financial Condition and Results of Operations.
|------- | --------------------------------------------------------------------------------------

Managements Discussion and Analysis of Financial Conditions and Results of Operations, included on pages 48 through 63 of the Annual Report to
Shareholders for the year ended December 31, 2010, attached to this Report as Exhibit 13, is incorporated herein by reference.



|ITEM 7A. | Quantitative and Qualitative Disclosures about Market Risk.
|-------- | -----------------------------------------------------------

(Not required of a smaller reporting Company)



|ITEM 8. | Financial Statements and Supplementary Data.
|------- | --------------------------------------------

The financial statements included on pages 11 through 47 of the Annual Report to Shareholders for the year ended December 31, 2010 attached to this Report as Exhibit 13, are incorporated herein by
reference.



|ITEM 9. | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
|------- | -------------------------------------------------------------------------------------

None.



|ITEM 9A. | Controls and Procedures.
|-------- | ------------------------

Conclusion
Regarding the Effectiveness of Disclosure Controls and Procedures

The Corporations management, with the participation of its
President & CEO (Principal Executive Officer) and CFO (Principal Financial Officer), conducted an evaluation, as of December 31, 2010 of the effectiveness of the Corporations disclosure controls and procedures (as defined in the
Exchange Act Rule 13a-15(e)). Based on this evaluation, the Corporations President and CFO concluded that, as of the end of the period covered by this annual report, the Corporations disclosure controls and procedures were effective in
reaching a reasonable level of assurance that management is timely alerted to material events relating to the Corporation during the period when the Corporations periodic reports are being prepared.

There were no significant changes in the Corporations internal control over financial reporting that occurred during the period covered by this
report that have materially affected, or that are reasonably likely to affect, our internal control over financial reporting.



16



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##### Table of Contents

Report of Managements Assessment of Internal Control over Financial Reporting

The information required to be disclosed by this item, including the Report of Managements Assessment of Internal Control over Financial Reporting
is included on page 8 of the Annual Report to Shareholders for the year ended December 31, 2010, which is attached to this report as Exhibit 13, and incorporated herein by reference.

This annual report does not include an attestation report of the Corporations registered public accounting firm regarding internal control over financial reporting. Managements report was not
subject to attestation by the Corporations registered public accounting firm pursuant to provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act which exempt smaller reporting companies from this requirement, thus
permitting the Corporation to provide only managements report in this annual report.



|ITEM 9B. | Other Information.
|-------- | ------------------

None.

PART III



|ITEM 10. | Directors, Executive Officers and Corporate Governance.
|-------- | -------------------------------------------------------

The information required by Item 10 concerning the Corporations directors and executive officers is incorporated herein by reference from the sections captioned Election of
Directors, Biographical Summaries of Nominees and Directors, Nominating Process, Information about Executive Officers and Board Committees and Meeting Attendance  Audit Committee in the
Corporations definitive proxy statement for the 2011 Annual Meeting of Shareholders filed pursuant to Regulation 14A. The required information regarding compliance with Section 16(a) of the Exchange Act is incorporated by reference to the
section captioned Section 16(a) Beneficial Ownership Reporting Compliance in the Corporations definitive proxy statement for the 2011 Annual Meeting of Shareholders filed pursuant to Regulation 14A.

The Bank has adopted a code of ethics that applies to its principal executive officer, principal financial officer and other senior officers. Because the
Banks principal executive officer and principal financial officer also serve, respectively, as the principal executive officer and principal financial officer of the Corporation, the Banks code of ethics applies to them in their
capacities as officers of the Corporation as well. A copy of the code of ethics is available, without charge, upon written request to Richard R. Leitzel, Chief Financial Officer, First Community Financial Corporation, Two North Main Street,
Mifflintown, Pennsylvania 17059.



17



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##### Table of Contents

|ITEM 11. | Executive Compensation.
|-------- | -----------------------

The information
required by Item 11 is incorporated by reference from the sections captioned Compensation of Directors, Executive Compensation Tables, and Potential Payments upon Termination, in the Corporations
definitive proxy statement for the 2011 Annual Meeting of Shareholders filed pursuant to Regulation 14A.



|ITEM 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
|-------- | -----------------------------------------------------------------------------------------------

The information required by Item 12 is incorporated by reference from the sections captioned Share Ownership of Certain Beneficial Owners
and Share Ownership of Management in the Corporations definitive proxy statement for the 2011 Annual Meeting of Shareholders filed pursuant to Regulation 14A.



|ITEM 13. | Certain Relationships and Related Transactions, and Director Independence.
|-------- | --------------------------------------------------------------------------

The information required by Item 13 is incorporated by reference from the sections captioned Transactions with Management and Director Independence in the Corporations
definitive proxy statement for the 2011 Annual Meeting of Shareholders filed pursuant to Regulation 14A.



|ITEM 14. | Principal Accountant Fees and Services.
|-------- | ---------------------------------------

The information required by Item 14 is incorporated by reference from the section captioned Independent Certified Public Accountants in
the Corporations definitive proxy statement for the 2011 Annual Meeting of Shareholders filed pursuant to Regulation 14A. Information concerning the policy adopted by the Audit Committee regarding the pre-approval of audit and non-audit
services provided by the Corporations independent auditors is incorporated by reference from the section captioned Board Committees and Meeting Attendance  Audit Committee in the Corporations definitive proxy statement
for the 2011 Annual Meeting of Shareholders filed pursuant to Regulation 14A.



18



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##### Table of Contents

PART IV



|ITEM 15. | Exhibits, Financial Statement Schedules.
|-------- | ----------------------------------------



|(a) | The following documents are filed as a part of this report:
|--- | -----------------------------------------------------------



| | (1) | List of financial statements:
| | --- | -----------------------------

The following consolidated financial statements of the Corporation and its subsidiaries, included in the registrants annual report
to shareholders for the year ended December 31, 2010, are incorporated by reference in Item 8:



|                                                                                         |  | 
|---------------------------------------------------------------------------------------- |  | 
|Consolidated Balance Sheets: December 31, 2010 and 2009.                                 |  | 
|Consolidated Statements of Income: Years ended December 31, 2010 and 2009.               |  | 
|Consolidated Statements of Shareholders Equity: Years ended December 31, 2010 and 2009. |  | 
|Consolidated Statements of Cash Flows: Years ended December 31, 2010 and 2009.           |  | 
|Notes to Consolidated Financial Statements.                                              |  | 



| | (2) | List of financial statement schedules:
| | --- | --------------------------------------

All financial statement schedules for which provision is made under the applicable accounting regulations of the Securities and Exchange Commission are not required under the related instructions or are
inapplicable and have therefore been omitted.



| | (3) | Exhibits
| | --- | --------

The exhibits listed on
the index to exhibits in Item 15(b) below are filed as part of, or hereby incorporated by reference into, this Form 10-K.



|(b) | Exhibits:
|--- | ---------



|        |  |                                                                                                                                                                                                                             
|------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |  | Title                                                                                                                                                                                                                       
|        | 
|3.1     |  | Articles of Incorporation of the Corporation. (Incorporated by reference to Exhibit 2(a) to the Corporations Registration Statement on Form 10-SB, as filed with the Securities
and Exchange Commission on April 17, 2002.)
|        | 
|3.2     |  | Bylaws of the Corporation. (Incorporated by reference to Exhibit 2(b) to the Corporations Registration Statement on Form 10-SB, as filed with the Securities and Exchange
Commission on April 17, 2002.)                   



19



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##### Table of Contents

|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|---- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     | 
|4.1  |  | Certain instruments defining the rights of the holders of long-term debt of the Corporation and certain of its Subsidiaries, none of which authorize a total amount of indebtedness
in excess of 10% of the total assets of the Corporation and its Subsidiaries on a consolidated basis, have not been filed as exhibits in accordance with Item 601(b)(4)(iii) of Regulation S-K. The Corporation hereby agrees to furnish a copy of
these instruments to the Commission upon request.
|     | 
|10.1 |  | Lease Agreement  Delaware Branch Office. (Incorporated by reference to Exhibit 6(b)(1) to the Corporations Registration Statement on Form 10-SB, as filed with the
Securities and Exchange Commission on April 17, 2002.)                                                                                                                                                                                                                                                             
|     | 
|10.2 |  | Lease Agreement  East Waterford Branch Office. (Incorporated by reference to Exhibit 6(b)(2) to the Corporations Registration Statement on Form 10-SB, as filed with the
Securities and Exchange Commission on April 17, 2002.)                                                                                                                                                                                                                                                       
|     | 
|10.3 |  | Lease Agreement  Shermans Dale Branch Office. (Incorporated by reference to Exhibit 6(b)(3) to the Corporations Registration Statement on Form 10-SB, as filed with the
Securities and Exchange Commission on April 17, 2002.)                                                                                                                                                                                                                                                        
|     | 
|10.4 |  | The First National Bank of Mifflintown Amended and Restated Group Term Replacement Plan.                                                                                                                                                                                                                                                                                                                                                                                                
|     | 
|10.5 |  | Second Amended and Restated Salary Continuation Agreement between The First National Bank of Mifflintown and Jody Graybill, dated December 31, 2008. (Incorporated by reference to
Exhibit 10.1 to the Corporations Current Report on Form 8-K as filed with the Securities and Exchange Commission on January 7, 2009.)                                                                                                                                                               
|     | 
|10.6 |  | First Amendment to the Second Amended and Restated Salary Continuation Agreement between The First National Bank of Mifflintown and Jody Graybill, dated October 29, 2010.
(Incorporated by reference to Exhibit 10.3 to the Corporations Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 4, 2010.)                                                                                                                                        
|     | 
|10.7 |  | Second Amended and Restated Salary Continuation Agreement between the Bank and Richard Leitzel, dated December 31, 2008. (Incorporated by reference to Exhibit 10.2 to the
Corporations Current Report on Form 8-K as filed with the Securities and Exchange Commission on January 7, 2009.)                                                                                                                                                                                           
|     | 
|10.8 |  | First Amendment to the Second Amended and Restated Salary Continuation Agreement between The First National Bank of Mifflintown and Richard Leitzel, dated October 29, 2010.
(Incorporated by reference to Exhibit 10.4 to the Corporations Current Report on Form 8-K as filed with Securities and Exchange Commission on November 4, 2010.)                                                                                                                                          



20



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##### Table of Contents

|     |  |                                                                                                                                                                                                                                                                                                             
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     | 
|10.9 |  | Director Deferred Fee Agreement between The First National Bank of Mifflintown and Nancy S. Bratton, dated April 9, 2002. (Incorporated by reference to Exhibit 6(c)(11) to the
Corporations Registration Statement on Form 10-SB, as filed with the Securities and Exchange Commission on April 17, 2002.)
|     | 
|     |  | The form of this Director Deferred Fee Agreement is substantially identical in all material respects (except as to the parties thereto, the dates of execution and other details)
with the Director Deferred Fee Agreements between the Bank and the following directors:                                   

| |  |                    |  |                   |  | 
| |  | ------------------ |  | ----------------- |  | 
| |  | Director           |  | Date of Agreement |  | 
| |  | John P. Henry, III |  | April 9, 2002     |  | 
| |  | Samuel Kint        |  | April 9, 2002     |  | 

|      |  |                                                                                                                                                                                                                                                                                                                                                
|----- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.10 |  | Amended and Restated Director Deferred Fee Agreement between The First National Bank of Mifflintown and Roger Shallenberger, dated October 3, 2008.                                                                                                                                                                                            
|      | 
|10.11 |  | Director Deferred Fee Agreement between The First National Bank of Mifflintown and Jody D. Graybill, dated December 31, 2010 (Incorporated by reference to Exhibit 10.1 to the
Corporations Current Report on Form 8-K as filed with the Securities and Exchange Commission on January 5, 2011.)                                              
|      | 
|10.12 |  | Amended and Restated Director Revenue Neutral Retirement Agreement between The First National Bank of Mifflintown and Nancy S. Bratton, dated October 3, 2008.                                                                                                                                                                                 
|      | 
|      |  | The form of this Amended and Restated Director Revenue Neutral Retirement Agreement is substantially identical in all material respects (except as to the parties thereto, the dates
of execution and other details) with the Amended and Restated Director Revenue Neutral Retirement Agreements between the Bank and the following directors:

| |  |                     |  |                   |  | 
| |  | ------------------- |  | ----------------- |  | 
| |  | Director            |  | Date of Agreement |  | 
| |  | John P. Henry, III  |  | October 3, 2008   |  | 
| |  | Samuel Kint         |  | October 3, 2008   |  | 
| |  | Charles C. Saner    |  | October 3, 2008   |  | 
| |  | Roger Shallenberger |  | October 3, 2008   |  | 
| |  | Lowell M. Shearer   |  | October 3, 2008   |  | 

|      |  |                                                                                                                                                                                        
|----- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.13 |  | First Amendment to the Amended and Restated Director Revenue Neutral Retirement Agreement between The First National Bank of Mifflintown and Nancy S. Bratton, dated
December 14, 2010.



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##### Table of Contents

| |  |                                                                                                                                                                                                                                                                                                                    
| |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 
| |  | The form of this First Amendment is substantially identical in all material respects (except as to the parties thereto, the dates of execution and other details) with the First
Amendment to the Amended and Restated Director Revenue Neutral Retirement Agreements between the Bank and the following directors:

| |  |                     |  |                   |  | 
| |  | ------------------- |  | ----------------- |  | 
| |  |                     | 
| |  | Director            |  | Date of Agreement |  | 
| |  | John P. Henry, III  |  | December 14, 2010 |  | 
| |  | Samuel Kint         |  | December 14, 2010 |  | 
| |  | Charles C. Saner    |  | December 14, 2010 |  | 
| |  | Roger Shallenberger |  | December 14, 2010 |  | 
| |  | Lowell M. Shearer   |  | December 14, 2010 |  | 

|      |  |                                                                                                                                                                                                                                                                                                              
|----- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.14 |  | Director Revenue Neutral Retirement Agreement between The First National Bank of Mifflintown and Jody Graybill, dated October 29, 2010. (Incorporated by reference to Exhibit
10.2 to the Corporations Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 4, 2010.)
|      | 
|      |  | The form of this agreement is substantially identical in all material respects (except as to the parties thereto, the dates of execution and other details) with the agreements
between the Bank and the following directors:                                                                                

| |  |                |  |                   |  | 
| |  | -------------- |  | ----------------- |  | 
| |  |                | 
| |  | Director       |  | Date of Agreement |  | 
| |  | David McMillen |  | October 29, 2010  |  | 
| |  | David Swartz   |  | October 29, 2010  |  | 

|      |  |                                                                                                                                                                                                                                                        
|----- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.15 |  | Split Dollar Agreement between The First National Bank of Mifflintown and Nancy S. Bratton, dated May 14, 2002.                                                                                                                                        
|      | 
|      |  | The form of this Split Dollar Agreement is substantially identical in all material respects (except as to the parties thereto, the dates of execution and other details) with the
Split Dollar Agreements between the Bank and the following directors:

| |  |                     |  |                    |  | 
| |  | ------------------- |  | ------------------ |  | 
| |  |                     | 
| |  | Director            |  | Date of Agreement  |  | 
| |  | John P. Henry, III  |  | May 14, 2002       |  | 
| |  | Samuel Kint         |  | May 14, 2002       |  | 
| |  | Charles C. Saner    |  | March 24, 1998     |  | 
| |  | Roger Shallenberger |  | September 30, 1997 |  | 
| |  | Lowell M. Shearer   |  | March 31, 1998     |  | 

|      |  |                                                                                                                                            
|----- |  | -------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.16 |  | First Amendment to the Split Dollar Agreement between The First National Bank of Mifflintown and Nancy S. Bratton, dated December 14,
2010.



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##### Table of Contents

| |  |                                                                                                                                                                                                                                                                        
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 
| |  | The form of this First Amendment is substantially identical in all material respects (except as to the parties thereto, the dates of execution and other details) with the First
Amendment to the Split Dollar Agreements between the Bank and the following directors:

| |  |                     |  |                   |  | 
| |  | ------------------- |  | ----------------- |  | 
| |  |                     | 
| |  | Director            |  | Date of Agreement |  | 
| |  | John P. Henry, III  |  | December 14, 2010 |  | 
| |  | Samuel Kint         |  | December 14, 2010 |  | 
| |  | Charles C. Saner    |  | December 14, 2010 |  | 
| |  | Roger Shallenberger |  | December 14, 2010 |  | 
| |  | Lowell M. Shearer   |  | December 14, 2010 |  | 

|      |  |                                                                                                                                                                                                                                                                                       
|----- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.17 |  | Split Dollar Agreement between The First National Bank of Mifflintown and Jody Graybill, dated October 29, 2010. (Incorporated by reference to Exhibit 10.1 to the
Corporations Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 4, 2010.)
|      | 
|      |  | The form of this agreement is substantially identical in all material respects (except as to the parties thereto, the dates of execution and other details) with the agreements
between the Bank and the following directors:                                                         

| |  |                |  |                   |  | 
| |  | -------------- |  | ----------------- |  | 
| |  | Director       |  | Date of Agreement |  | 
| |  | David McMillen |  | October 29, 2010  |  | 
| |  | David Swartz   |  | October 29, 2010  |  | 

|     |  |                                                                                                                                                                                     
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     | 
|13   |  | Annual Report to Security Holders.                                                                                                                                                  
|     | 
|21   |  | Subsidiaries of the Registrant.                                                                                                                                                     
|     | 
|23.1 |  | Consent of Independent Registered Public Accounting Firm.                                                                                                                           
|     | 
|23.2 |  | Consent of Independent Registered Public Accounting Firm.                                                                                                                           
|     | 
|31.1 |  | Certification of President & CEO and Principal Executive Officer of First Community Financial Corporation Pursuant to Securities and Exchange Commission Rule 13a-14(a) /
15d-14(a).
|     | 
|31.2 |  | Certification of Chief Financial and Accounting Officer of First Community Financial Corporation Pursuant to Securities and Exchange Commission Rule 13a-14(a) /
15d-14(a).         
|     | 
|32.1 |  | Certification of President and CEO and Principal Executive Officer of First Community Financial Corporation Pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.              
|     | 
|32.2 |  | Certification of Chief Financial and Accounting Officer of First Community Financial Corporation Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                         
|     | 
|(c)  |  | Financial statement schedules.                                                                                                                                                      
|     | 
|     |  | None.                                                                                                                                                                               





23



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##### Table of Contents

SIGNATURES

Pursuant to the requirements of Section 13 of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the
undersigned, thereunto duly authorized.



|                    |  |                                       |  |                                             
|------------------- |  | ------------------------------------- |  | --------------------------------------------
|                    |  | FIRST COMMUNITY FINANCIAL CORPORATION
|                    |  |                                      
|Date: March 8, 2011 |  | By:                                   |  | /s/ Jody D. Graybill                        
|                    |  |                                       |  | Jody D. Graybill, President & CEO           
|                    |  |                                       |  | (Principal Executive Officer)               
|                    |  |                                      
|Date: March 8, 2011 |  | By:                                   |  | /s/ Richard R. Leitzel                      
|                    |  |                                       |  | Richard R. Leitzel, Vice President          
|                    |  |                                       |  | (Principal Financial and Accounting Officer)

In
accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.



|                                          |  |  |  |                                                           |  |              
|----------------------------------------- |  |  |  | --------------------------------------------------------- |  | -------------
|Signatures                                |  |  |  | Title                                                     |  | Date         
|                                          |  |  | 
|/s/ Jody D. Graybill Jody D. Graybill     |  |  |  | President and CEO and Director                            |  | March 8, 2011
|                                          |  |  | 
|/s/ Richard R. Leitzel Richard R. Leitzel |  |  |  | Vice President Principal Financial and Accounting Officer |  | March 8, 2011
|                                          |  |  | 
|/s/ Nancy S. Bratton Nancy S. Bratton     |  |  |  | Director                                                  |  | March 8, 2011
|                                          |  |  | 
|/s/ John P. Henry John P. Henry           |  |  |  | Director                                                  |  | March 8, 2011
|                                          |  |  | 
|/s/ Samuel G. Kint Samuel G. Kint         |  |  |  | Director                                                  |  | March 8, 2011
|                                          |  |  | 
|/s/ David M. McMillen David M. McMillen   |  |  |  | Director                                                  |  | March 8, 2011



24



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##### Table of Contents

|                                            |  |  |  |          |  |              
|------------------------------------------- |  |  |  | -------- |  | -------------
|                                            |  |  | 
|/s/ Charles C. Saner Charles C. Saner       |  |  |  | Director |  | March 8, 2011
|                                            |  |  | 
|/s/ Roger Shallenberger Roger Shallenberger |  |  |  | Director |  | March 8, 2011
|                                            |  |  | 
|/s/ Lowell M. Shearer Lowell M. Shearer     |  |  |  | Director |  | March 8, 2011
|                                            |  |  | 
|/s/ David L. Swartz David L. Swartz         |  |  |  | Director |  | March 8, 2011
|                                            |  |  | 
|/s/ Frank L. Wright Frank L. Wright         |  |  |  | Director |  | March 8, 2011



25



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##### Table of Contents

EXHIBIT INDEX





|        |  |                                                                                                                                                                                                                             
|------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |  | Title                                                                                                                                                                                                                       
|        | 
|3.1     |  | Articles of Incorporation of the Corporation. (Incorporated by reference to Exhibit 2(a) to the Corporations Registration Statement on Form 10-SB, as filed with the Securities
and Exchange Commission on April 17, 2002.)
|        | 
|3.2     |  | Bylaws of the Corporation. (Incorporated by reference to Exhibit 2(b) to the Corporations Registration Statement on Form 10-SB, as filed with the Securities and Exchange
Commission on April 17, 2002.)                   



|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|---- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     | 
|4.1  |  | Certain instruments defining the rights of the holders of long-term debt of the Corporation and certain of its Subsidiaries, none of which authorize a total amount of indebtedness
in excess of 10% of the total assets of the Corporation and its Subsidiaries on a consolidated basis, have not been filed as exhibits in accordance with Item 601(b)(4)(iii) of Regulation S-K. The Corporation hereby agrees to furnish a copy of
these instruments to the Commission upon request.
|     | 
|10.1 |  | Lease Agreement  Delaware Branch Office. (Incorporated by reference to Exhibit 6(b)(1) to the Corporations Registration Statement on Form 10-SB, as filed with the
Securities and Exchange Commission on April 17, 2002.)                                                                                                                                                                                                                                                             
|     | 
|10.2 |  | Lease Agreement  East Waterford Branch Office. (Incorporated by reference to Exhibit 6(b)(2) to the Corporations Registration Statement on Form 10-SB, as filed with the
Securities and Exchange Commission on April 17, 2002.)                                                                                                                                                                                                                                                       
|     | 
|10.3 |  | Lease Agreement  Shermans Dale Branch Office. (Incorporated by reference to Exhibit 6(b)(3) to the Corporations Registration Statement on Form 10-SB, as filed with the
Securities and Exchange Commission on April 17, 2002.)                                                                                                                                                                                                                                                        
|     | 
|10.4 |  | The First National Bank of Mifflintown Amended and Restated Group Term Replacement Plan.                                                                                                                                                                                                                                                                                                                                                                                                
|     | 
|10.5 |  | Second Amended and Restated Salary Continuation Agreement between The First National Bank of Mifflintown and Jody Graybill, dated December 31, 2008. (Incorporated by reference to
Exhibit 10.1 to the Corporations Current Report on Form 8-K as filed with the Securities and Exchange Commission on January 7, 2009.)                                                                                                                                                               
|     | 
|10.6 |  | First Amendment to the Second Amended and Restated Salary Continuation Agreement between The First National Bank of Mifflintown and Jody Graybill, dated October 29, 2010.
(Incorporated by reference to Exhibit 10.3 to the Corporations Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 4, 2010.)                                                                                                                                        
|     | 
|10.7 |  | Second Amended and Restated Salary Continuation Agreement between the Bank and Richard Leitzel, dated December 31, 2008. (Incorporated by reference to Exhibit 10.2 to the
Corporations Current Report on Form 8-K as filed with the Securities and Exchange Commission on January 7, 2009.)                                                                                                                                                                                           
|     | 
|10.8 |  | First Amendment to the Second Amended and Restated Salary Continuation Agreement between The First National Bank of Mifflintown and Richard Leitzel, dated October 29, 2010.
(Incorporated by reference to Exhibit 10.4 to the Corporations Current Report on Form 8-K as filed with Securities and Exchange Commission on November 4, 2010.)                                                                                                                                          



|     |  |                                                                                                                                                                                                                                                                                                             
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     | 
|10.9 |  | Director Deferred Fee Agreement between The First National Bank of Mifflintown and Nancy S. Bratton, dated April 9, 2002. (Incorporated by reference to Exhibit 6(c)(11) to the
Corporations Registration Statement on Form 10-SB, as filed with the Securities and Exchange Commission on April 17, 2002.)
|     | 
|     |  | The form of this Director Deferred Fee Agreement is substantially identical in all material respects (except as to the parties thereto, the dates of execution and other details)
with the Director Deferred Fee Agreements between the Bank and the following directors:                                   

| |  |                    |  |                   |  | 
| |  | ------------------ |  | ----------------- |  | 
| |  | Director           |  | Date of Agreement |  | 
| |  | John P. Henry, III |  | April 9, 2002     |  | 
| |  | Samuel Kint        |  | April 9, 2002     |  | 

|      |  |                                                                                                                                                                                                                                                                                                  
|----- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.10 |  | Amended and Restated Director Deferred Fee Agreement between The First National Bank of Mifflintown and Roger Shallenberger, dated October 3, 2008.                                                                                                                                              
|      | 
|10.11 |  | Director Deferred Fee Agreement between The First National Bank of Mifflintown and Jody D. Graybill, dated December 31, 2010 (Incorporated by reference to Exhibit 10.1 to the
Corporations Current Report on Form 8-K as filed with the Securities and Exchange Commission on January 5, 2011.)



26



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##### Table of Contents

|      |  |                                                                                                                                                                                                                                                                                                                                                
|----- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.12 |  | Amended and Restated Director Revenue Neutral Retirement Agreement between The First National Bank of Mifflintown and Nancy S. Bratton, dated October 3, 2008.                                                                                                                                                                                 
|      | 
|      |  | The form of this Amended and Restated Director Revenue Neutral Retirement Agreement is substantially identical in all material respects (except as to the parties thereto, the dates
of execution and other details) with the Amended and Restated Director Revenue Neutral Retirement Agreements between the Bank and the following directors:

| |  |                     |  |                   |  | 
| |  | ------------------- |  | ----------------- |  | 
| |  | Director            |  | Date of Agreement |  | 
| |  | John P. Henry, III  |  | October 3, 2008   |  | 
| |  | Samuel Kint         |  | October 3, 2008   |  | 
| |  | Charles C. Saner    |  | October 3, 2008   |  | 
| |  | Roger Shallenberger |  | October 3, 2008   |  | 
| |  | Lowell M. Shearer   |  | October 3, 2008   |  | 

|      |  |                                                                                                                                                                                        
|----- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.13 |  | First Amendment to the Amended and Restated Director Revenue Neutral Retirement Agreement between The First National Bank of Mifflintown and Nancy S. Bratton, dated
December 14, 2010.



| |  |                                                                                                                                                                                                                                                                                                                    
| |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 
| |  | The form of this First Amendment is substantially identical in all material respects (except as to the parties thereto, the dates of execution and other details) with the First
Amendment to the Amended and Restated Director Revenue Neutral Retirement Agreements between the Bank and the following directors:

| |  |                     |  |                   |  | 
| |  | ------------------- |  | ----------------- |  | 
| |  |                     | 
| |  | Director            |  | Date of Agreement |  | 
| |  | John P. Henry, III  |  | December 14, 2010 |  | 
| |  | Samuel Kint         |  | December 14, 2010 |  | 
| |  | Charles C. Saner    |  | December 14, 2010 |  | 
| |  | Roger Shallenberger |  | December 14, 2010 |  | 
| |  | Lowell M. Shearer   |  | December 14, 2010 |  | 

|      |  |                                                                                                                                                                                                                                                                                                              
|----- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.14 |  | Director Revenue Neutral Retirement Agreement between The First National Bank of Mifflintown and Jody Graybill, dated October 29, 2010. (Incorporated by reference to Exhibit
10.2 to the Corporations Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 4, 2010.)
|      | 
|      |  | The form of this agreement is substantially identical in all material respects (except as to the parties thereto, the dates of execution and other details) with the agreements
between the Bank and the following directors:                                                                                

| |  |                |  |                   |  | 
| |  | -------------- |  | ----------------- |  | 
| |  |                | 
| |  | Director       |  | Date of Agreement |  | 
| |  | David McMillen |  | October 29, 2010  |  | 
| |  | David Swartz   |  | October 29, 2010  |  | 

|      |  |                                                                                                                                                                                                                                                        
|----- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.15 |  | Split Dollar Agreement between The First National Bank of Mifflintown and Nancy S. Bratton, dated May 14, 2002.                                                                                                                                        
|      | 
|      |  | The form of this Split Dollar Agreement is substantially identical in all material respects (except as to the parties thereto, the dates of execution and other details) with the
Split Dollar Agreements between the Bank and the following directors:

| |  |                     |  |                    |  | 
| |  | ------------------- |  | ------------------ |  | 
| |  |                     | 
| |  | Director            |  | Date of Agreement  |  | 
| |  | John P. Henry, III  |  | May 14, 2002       |  | 
| |  | Samuel Kint         |  | May 14, 2002       |  | 
| |  | Charles C. Saner    |  | March 24, 1998     |  | 
| |  | Roger Shallenberger |  | September 30, 1997 |  | 
| |  | Lowell M. Shearer   |  | March 31, 1998     |  | 

|      |  |                                                                                                                                            
|----- |  | -------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.16 |  | First Amendment to the Split Dollar Agreement between The First National Bank of Mifflintown and Nancy S. Bratton, dated December 14,
2010.



27



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##### Table of Contents

| |  |                                                                                                                                                                                                                                                                        
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 
| |  | The form of this First Amendment is substantially identical in all material respects (except as to the parties thereto, the dates of execution and other details) with the First
Amendment to the Split Dollar Agreements between the Bank and the following directors:

| |  |                     |  |                   |  | 
| |  | ------------------- |  | ----------------- |  | 
| |  |                     | 
| |  | Director            |  | Date of Agreement |  | 
| |  | John P. Henry, III  |  | December 14, 2010 |  | 
| |  | Samuel Kint         |  | December 14, 2010 |  | 
| |  | Charles C. Saner    |  | December 14, 2010 |  | 
| |  | Roger Shallenberger |  | December 14, 2010 |  | 
| |  | Lowell M. Shearer   |  | December 14, 2010 |  | 

|      |  |                                                                                                                                                                                                                                                                                       
|----- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      | 
|10.17 |  | Split Dollar Agreement between The First National Bank of Mifflintown and Jody Graybill, dated October 29, 2010. (Incorporated by reference to Exhibit 10.1 to the
Corporations Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 4, 2010.)
|      | 
|      |  | The form of this agreement is substantially identical in all material respects (except as to the parties thereto, the dates of execution and other details) with the agreements
between the Bank and the following directors:                                                         

| |  |                |  |                   |  | 
| |  | -------------- |  | ----------------- |  | 
| |  | Director       |  | Date of Agreement |  | 
| |  | David McMillen |  | October 29, 2010  |  | 
| |  | David Swartz   |  | October 29, 2010  |  | 

|     |  |                                                                                                                                                                                     
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     | 
|13   |  | Annual Report to Security Holders.                                                                                                                                                  
|     | 
|21   |  | Subsidiaries of the Registrant.                                                                                                                                                     
|     | 
|23.1 |  | Consent of Independent Registered Public Accounting Firm.                                                                                                                           
|     | 
|23.2 |  | Consent of Independent Registered Public Accounting Firm.                                                                                                                           
|     | 
|31.1 |  | Certification of President & CEO and Principal Executive Officer of First Community Financial Corporation Pursuant to Securities and Exchange Commission Rule 13a-14(a) /
15d-14(a).
|     | 
|31.2 |  | Certification of Chief Financial and Accounting Officer of First Community Financial Corporation Pursuant to Securities and Exchange Commission Rule 13a-14(a) /
15d-14(a).         
|     | 
|32.1 |  | Certification of President and CEO and Principal Executive Officer of First Community Financial Corporation Pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.              
|     | 
|32.2 |  | Certification of Chief Financial and Accounting Officer of First Community Financial Corporation Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                         





28