##### Table of Contents

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



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FORM 10-Q



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(Mark One)

|x | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|- | ---------------------------------------------------------------------------------------

For the quarterly period ended June 30, 2007



| ̈ | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|- | ----------------------------------------------------------------------------------------

For the transition period from  to

Commission file number 000-50357



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FIRST COMMUNITY BANK CORPORATION OF AMERICA

(Exact name of registrant as
specified in its charter)



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|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|Florida                                                        |  | 65-0623023                          
|(State or other jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification No.)

9001 Belcher Road

Pinellas Park, Florida 33782

(Address of principal executive offices) (Zip
Codes)

(727) 520-0987

(Registrants telephone number, including area code)



(Former name, former address and former fiscal year, if changed since last report)



---

Indicated by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 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 whether the registrant is a large accelerated filer, an accelerated filer or a
non-accelerated filer (see definition of accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act). Check One:

Large accelerated filer ̈Accelerated filer ̈Non-accelerated filer  x

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

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 $.05 per share |  | 4,078,002 shares            
|(class)                                |  | Outstanding at July 31, 2007



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##### Table of Contents

FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

INDEX



|                                                                                                                           |  |      
|-------------------------------------------------------------------------------------------------------------------------- |  | -----
|                                                                                                                           |  | Page 
|PART I. FINANCIAL INFORMATION                                                                                              |  |      
|                                                                                                                           | 
|Item 1. Financial Statements                                                                                               |  |      
|                                                                                                                           | 
|Condensed Consolidated Balance Sheets - At June 30, 2007 (unaudited) and At December 31, 2006                              |  | 2    
|                                                                                                                           | 
|Condensed Consolidated Statements of Earnings - Three and Six Months ended June 30, 2007 and 2006 (unaudited)              |  | 3    
|                                                                                                                           | 
|Condensed Consolidated Statements of Changes in Stockholders Equity - Six Months Ended June 30, 2007 and 2006 (unaudited) |  | 4    
|                                                                                                                           | 
|Condensed Consolidated Statements of Cash Flows - Six Months Ended June 30, 2007 and 2006 (unaudited)                      |  | 5-6  
|                                                                                                                           | 
|Notes to Condensed Consolidated Financial Statements (unaudited)                                                           |  | 7-11 
|                                                                                                                           | 
|Review by Independent Registered Public Accounting Firm                                                                    |  | 12   
|                                                                                                                           | 
|Report of Independent Registered Public Accounting Firm                                                                    |  | 13   
|                                                                                                                           | 
|Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations                              |  | 14-22
|                                                                                                                           | 
|Item 3. Quantitative and Qualitative Disclosures About Market Risk                                                         |  | 23   
|                                                                                                                           | 
|Item 4. Controls and Procedures                                                                                            |  | 23   
|                                                                                                                           | 
|PART II. OTHER INFORMATION                                                                                                 |  |      
|                                                                                                                           | 
|Item 1. Legal Proceedings                                                                                                  |  | 23   
|                                                                                                                           | 
|Item 1A. Risk Factors                                                                                                      |  | 23   
|                                                                                                                           | 
|Item 4. Submission of Matters to a Vote of Security Holders                                                                |  | 24   
|                                                                                                                           | 
|Item 6. Exhibits                                                                                                           |  | 25   
|                                                                                                                           | 
|SIGNATURES                                                                                                                 |  | 26   



1



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##### Table of Contents

FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

Condensed Consolidated Balance Sheets

(In thousands, except share amounts)



|                                                                                                                                   |  |              |         |   |                  |         |  
|---------------------------------------------------------------------------------------------------------------------------------- |  | ------------ | ------- | - | ---------------- | ------- | -
|                                                                                                                                   |  | June 30,2007 |         |   | December 31,2006 |        
|                                                                                                                                   |  | (Unaudited)  |         |   |                  |        
|Assets                                                                                                                             |  |              |         |   |                  |         |  
|Cash and due from banks                                                                                                            |  | $            | 6,622   |   |                  | 2,219   |  
|Interest-bearing deposits with banks                                                                                               |  |              | 3,988   |   |                  | 9,308   |  
|                                                                                                                                   |  |              |         |   |                  |         |  
|Cash and cash equivalents                                                                                                          |  |              | 10,610  |   |                  | 11,527  |  
|Other interest-bearing deposits with banks                                                                                         |  |              | 559     |   |                  | 431     |  
|Securities available for sale                                                                                                      |  |              | 5,572   |   |                  | 4,188   |  
|Securities held to maturity                                                                                                        |  |              | 11,484  |   |                  | 11,151  |  
|Loans, net of allowance for loan losses of $3,811 in 2007 and $3,499 in 2006                                                       |  |              | 365,644 |   |                  | 346,788 |  
|Federal Home Loan Bank stock, at cost                                                                                              |  |              | 1,514   |   |                  | 2,553   |  
|Premises and equipment, net                                                                                                        |  |              | 9,510   |   |                  | 7,094   |  
|Foreclosed real estate                                                                                                             |  |              | 368     |   |                  | 368     |  
|Accrued interest receivable                                                                                                        |  |              | 1,841   |   |                  | 1,720   |  
|Deferred income taxes                                                                                                              |  |              | 1,673   |   |                  | 1,673   |  
|Bank owned life insurance                                                                                                          |  |              | 2,438   |   |                  | 2,395   |  
|Other assets                                                                                                                       |  |              | 1,646   |   |                  | 1,011   |  
|                                                                                                                                   |  |              |         |   |                  |         |  
|                                                                                                                                   |  | $            | 412,859 |   |                  | 390,899 |  
|                                                                                                                                   |  |              |         |   |                  |         |  
|                                                                                                                                   |  |             
|Liabilities and Stockholders Equity                                                                                               |  |              |         |   |                  |         |  
|Liabilities:                                                                                                                       |  |              |         |   |                  |         |  
|Noninterest-bearing demand deposits                                                                                                |  |              | 36,493  |   |                  | 38,884  |  
|Savings, NOW and money-market deposits                                                                                             |  |              | 107,418 |   |                  | 103,020 |  
|Time deposits                                                                                                                      |  |              | 199,401 |   |                  | 157,806 |  
|                                                                                                                                   |  |              |         |   |                  |         |  
|Total deposits                                                                                                                     |  |              | 343,312 |   |                  | 299,710 |  
|Federal Home Loan Bank advances                                                                                                    |  |              | 18,000  |   |                  | 42,500  |  
|Other borrowings                                                                                                                   |  |              | 8,905   |   |                  | 6,289   |  
|Accrued expenses and other liabilities                                                                                             |  |              | 7,192   |   |                  | 8,718   |  
|                                                                                                                                   |  |              |         |   |                  |         |  
|Total liabilities                                                                                                                  |  |              | 377,409 |   |                  | 357,217 |  
|                                                                                                                                   |  |              |         |   |                  |         |  
|                                                                                                                                   |  |             
|Stockholders equity:                                                                                                              |  |              |         |   |                  |         |  
|Common stock, $0.05 par value, 6,250,000 shares authorized, 4,078,002 and 3,840,687 shares issued and outstanding in 2007 and
2006 |  |              | 204     |   |                  | 192     |  
|Additional paid-in capital                                                                                                         |  |              | 30,162  |   |                  | 25,642  |  
|Retained earnings                                                                                                                  |  |              | 5,123   |   |                  | 7,852   |  
|Accumulated other comprehensive loss                                                                                               |  |              | (39     | ) |                  | (4      | )
|                                                                                                                                   |  |              |         |   |                  |         |  
|                                                                                                                                   |  |             
|Total stockholders equity                                                                                                         |  |              | 35,450  |   |                  | 33,682  |  
|                                                                                                                                   |  |              |         |   |                  |         |  
|                                                                                                                                   |  | $            | 412,859 |   |                  | 390,899 |  
|                                                                                                                                   |  |              |         |   |                  |         |  

See Accompanying Notes to Condensed Consolidated Financial Statements.



2



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Condensed Consolidated Statements of Earnings (Unaudited)

(In thousands, except per share amounts)



|                                                    |  |                            |       |                          |       |      |        |      |       
|--------------------------------------------------- |  | -------------------------- | ----- | ------------------------ | ----- | ---- | ------ | ---- | ------
|                                                    |  | Three Months EndedJune 30, |       | Six Months EndedJune 30,
|                                                    |  | 2007                       |       | 2006                     |       | 2007 |        | 2006
|Interest income:                                    |  |                            |       |                          |       |      |        |      |       
|Loans                                               |  | $                          | 6,783 |                          | 5,735 |      | 13,412 |      | 10,857
|Securities                                          |  |                            | 174   |                          | 148   |      | 366    |      | 280   
|Other interest earning assets                       |  |                            | 301   |                          | 50    |      | 407    |      | 120   
|                                                    |  |                            |       |                          |       |      |        |      |       
|Total interest income                               |  |                            | 7,258 |                          | 5,933 |      | 14,185 |      | 11,257
|                                                    |  |                            |       |                          |       |      |        |      |       
|                                                    |  |                            |       |                         
|Interest expense:                                   |  |                            |       |                          |       |      |        |      |       
|Deposits                                            |  |                            | 3,173 |                          | 1,945 |      | 6,024  |      | 3,569 
|Other borrowings                                    |  |                            | 304   |                          | 295   |      | 638    |      | 530   
|                                                    |  |                            |       |                          |       |      |        |      |       
|Total interest expense                              |  |                            | 3,477 |                          | 2,240 |      | 6,662  |      | 4,099 
|                                                    |  |                            |       |                          |       |      |        |      |       
|Net interest income                                 |  |                            | 3,781 |                          | 3,693 |      | 7,523  |      | 7,158 
|                                                    |  |                            |       |                         
|Provision for loan losses                           |  |                            | 176   |                          |      |      | 313    |      | 60    
|                                                    |  |                            |       |                          |       |      |        |      |       
|Net interest income after provision for loan losses |  |                            | 3,605 |                          | 3,693 |      | 7,210  |      | 7,098 
|                                                    |  |                            |       |                          |       |      |        |      |       
|                                                    |  |                            |       |                         
|Noninterest income:                                 |  |                            |       |                          |       |      |        |      |       
|Service charges on deposit accounts                 |  |                            | 206   |                          | 175   |      | 394    |      | 329   
|Other service charges and fees                      |  |                            | 58    |                          | 45    |      | 111    |      | 99    
|Income from bank owned life insurance               |  |                            | 22    |                          | 21    |      | 43     |      | 42    
|Gain on sale of loans held for sale                 |  |                            | 72    |                          | 47    |      | 104    |      | 95    
|Gain on sale of premises and equipment              |  |                            |      |                          | 225   |      |       |      | 225   
|Other                                               |  |                            | 50    |                          | 32    |      | 97     |      | 54    
|                                                    |  |                            |       |                          |       |      |        |      |       
|Total noninterest income                            |  |                            | 408   |                          | 545   |      | 749    |      | 844   
|                                                    |  |                            |       |                          |       |      |        |      |       
|                                                    |  |                            |       |                         
|Noninterest expenses:                               |  |                            |       |                          |       |      |        |      |       
|Employee compensation and benefits                  |  |                            | 1,787 |                          | 1,717 |      | 3,595  |      | 3,276 
|Occupancy and equipment                             |  |                            | 371   |                          | 259   |      | 731    |      | 535   
|Data processing                                     |  |                            | 226   |                          | 197   |      | 465    |      | 404   
|Professional fees                                   |  |                            | 94    |                          | 53    |      | 140    |      | 108   
|Office supplies                                     |  |                            | 39    |                          | 45    |      | 105    |      | 98    
|Insurance                                           |  |                            | 49    |                          | 43    |      | 94     |      | 87    
|Other                                               |  |                            | 252   |                          | 221   |      | 453    |      | 394   
|                                                    |  |                            |       |                          |       |      |        |      |       
|Total noninterest expenses                          |  |                            | 2,818 |                          | 2,535 |      | 5,583  |      | 4,902 
|                                                    |  |                            |       |                          |       |      |        |      |       
|Earnings before income taxes                        |  |                            | 1,195 |                          | 1,703 |      | 2,376  |      | 3,040 
|                                                    |  |                            |       |                         
|Income taxes                                        |  |                            | 435   |                          | 632   |      | 866    |      | 1,122 
|                                                    |  |                            |       |                          |       |      |        |      |       
|Net earnings                                        |  | $                          | 760   |                          | 1,071 |      | 1,510  |      | 1,918 
|                                                    |  |                            |       |                          |       |      |        |      |       
|                                                    |  |                            |       |                         
|Earnings per share:                                 |  |                            |       |                          |       |      |        |      |       
|Basic earnings per share                            |  | $                          | .19   |                          | .27   |      | .37    |      | .48   
|                                                    |  |                            |       |                          |       |      |        |      |       
|Diluted earnings per share                          |  | $                          | .18   |                          | .25   |      | .35    |      | .45   
|                                                    |  |                            |       |                          |       |      |        |      |       
|Dividends per share                                 |  | $                          |      |                          |      |      |       |      |      
|                                                    |  |                            |       |                          |       |      |        |      |       

See Accompanying Notes to Condensed Consolidated Financial Statements.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Condensed Consolidated Statements of Changes in Stockholders Equity

Six Months Ended June 30,
2007 and 2006

(In thousands, except share amounts)



|                                                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  
|----------------------------------------------------------------------------------------------- |  | ------------ | - | ------------------------ | ------ | ---------------- |  | ------ | ------------------------------------------ | ------ | - | ----- | --- | - |  | ------ | -
|                                                                                                |  | Common Stock |   | AdditionalPaid-inCapital |        | RetainedEarnings |  |        | AccumulatedOtherComprehensiveIncome (Loss) |        |   | Total |    
|                                                                                                |  | Shares       |   |                          | Amount |                  |  |        |                                           
|Balance at December 31, 2005                                                                    |  | 3,747,582    |   |                          | $      | 187              |  | 24,826 |                                            | 4,200  |   |       | (66 | ) |  | 29,147 |  
|                                                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  
|Comprehensive income:                                                                           |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  
|Net earnings (unaudited)                                                                        |  |             |   |                          |        |                 |  |       |                                            | 1,918  |   |       |    |   |  | 1,918  |  
|Net change in unrealized loss on securities available for sale, net of taxes of $15 (unaudited) |  |             |   |                          |        |                 |  |       |                                            |       |   |       | 24  |   |  | 24     |  
|                                                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  
|Comprehensive income (unaudited)                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  | 1,942  |  
|                                                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  
|Exercise of common stock options (unaudited)                                                    |  | 49,971       |   |                          |        | 3                |  | 261    |                                            |       |   |       |    |   |  | 264    |  
|Three-for-two stock split, fractional shares paid-in cash (unaudited)                           |  | (53          | ) |                          |        |                 |  |       |                                            |       |   |       |    |   |  |       |  
|Tax benefit from common stock options exercised (unaudited)                                     |  |             |   |                          |        |                 |  | 188    |                                            |       |   |       |    |   |  | 188    |  
|Share based compensation expense (unaudited)                                                    |  |             |   |                          |        |                 |  | 5      |                                            |       |   |       |    |   |  | 5      |  
|                                                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  
|Balance at June 30, 2006 (unaudited)                                                            |  | 3,797,500    |   |                          | $      | 190              |  | 25,280 |                                            | 6,118  |   |       | (42 | ) |  | 31,546 |  
|                                                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  
|                                                                                                |  |              |   |                          |        |                 
|Balance at December 31, 2006                                                                    |  | 3,840,687    |   |                          |        | 192              |  | 25,642 |                                            | 7,852  |   |       | (4  | ) |  | 33,682 |  
|                                                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  
|                                                                                                |  |              |   |                          |        |                 
|Comprehensive income:                                                                           |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  
|Net earnings (unaudited)                                                                        |  |             |   |                          |        |                 |  |       |                                            | 1,510  |   |       |    |   |  | 1,510  |  
|Net change in unrealized loss on securities available for sale, net of taxes of $22 (unaudited) |  |             |   |                          |        |                 |  |       |                                            |       |   |       | (35 | ) |  | (35    | )
|                                                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  
|Comprehensive income (unaudited)                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  | 1,475  |  
|                                                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  
|Exercise of stock options before 5% stock dividend (unaudited)                                  |  | 22,811       |   |                          |        | 1                |  | 146    |                                            |       |   |       |    |   |  | 147    |  
|5% stock dividend, net of fractional shares paid-in cash (unaudited)                            |  | 193,047      |   |                          |        | 10               |  | 4,227  |                                            | (4,237 | ) |       |    |   |  |       |  
|Fractional shares paid-in cash (unaudited)                                                      |  |             |   |                          |        |                 |  |       |                                            | (2     | ) |       |    |   |  | (2     | )
|Exercise of stock options after 5% stock dividend (unaudited)                                   |  | 21,457       |   |                          |        | 1                |  | 122    |                                            |       |   |       |    |   |  | 123    |  
|Share based compensation expense (unaudited)                                                    |  |             |   |                          |        |                 |  | 25     |                                            |       |   |       |    |   |  | 25     |  
|                                                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  
|Balance at June 30, 2007 (unaudited)                                                            |  | 4,078,002    |   |                          | $      | 204              |  | 30,162 |                                            | 5,123  |   |       | (39 | ) |  | 35,450 |  
|                                                                                                |  |              |   |                          |        |                  |  |        |                                            |        |   |       |     |   |  |        |  

See Accompanying Notes to Condensed Consolidated Financial Statements.



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##### Table of Contents

FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Condensed Consolidated Statements of Cash Flows (Unaudited)

(In thousands)



|                                                                                    |  |                          |         |   |      |         |  
|----------------------------------------------------------------------------------- |  | ------------------------ | ------- | - | ---- | ------- | -
|                                                                                    |  | Six Months EndedJune 30, |        
|                                                                                    |  | 2007                     |         |   | 2006 |        
|Cash flows from operating activities:                                               |  |                          |         |   |      |         |  
|Net earnings                                                                        |  | $                        | 1,510   |   |      | 1,918   |  
|Adjustments to reconcile net earnings to net cash provided by operating activities: |  |                          |         |   |      |         |  
|Provision for loan losses                                                           |  |                          | 313     |   |      | 60      |  
|Depreciation                                                                        |  |                          | 254     |   |      | 232     |  
|Net amortization of deferred loan fees and costs                                    |  |                          | (133    | ) |      | 64      |  
|Net amortization of premium and discounts on securities                             |  |                          | (14     | ) |      | 19      |  
|Deferred income taxes                                                               |  |                          |        |   |      |        |  
|Income from bank owned life insurance                                               |  |                          | (43     | ) |      | (42     | )
|Origination of loans held for sale                                                  |  |                          | (10,272 | ) |      | (6,745  | )
|Proceeds from sale of loans held for sale                                           |  |                          | 9,710   |   |      | 7,738   |  
|Gain on sale of loans held for sale                                                 |  |                          | (104    | ) |      | (95     | )
|Gain on sale of premises and equipment                                              |  |                          |        |   |      | (225    | )
|Increase in accrued interest receivable                                             |  |                          | (121    | ) |      | (244    | )
|Increase in other assets                                                            |  |                          | (635    | ) |      | (447    | )
|(Decrease) increase in accrued expenses and other liabilities                       |  |                          | (1,504  | ) |      | 113     |  
|Share based compensation expense                                                    |  |                          | 25      |   |      | 5       |  
|                                                                                    |  |                          |         |   |      |         |  
|Net cash provided by operating activities                                           |  |                          | (1,014  | ) |      | 2,351   |  
|                                                                                    |  |                          |         |   |      |         |  
|                                                                                    |  |                         
|Cash flows from investing activities:                                               |  |                          |         |   |      |         |  
|Net change in other interest-bearing deposits with banks                            |  |                          | (128    | ) |      | 272     |  
|Purchase of securities available for sale                                           |  |                          | (4,068  | ) |      | (2,000  | )
|Principal payments on securities available for sale                                 |  |                          | 133     |   |      | 190     |  
|Proceeds from calls and maturities of securities available for sale                 |  |                          | 2,500   |   |      | 3,000   |  
|Purchase of securities held to maturity                                             |  |                          | (1,000  | ) |      | (2,160  | )
|Proceeds from maturities of securities held to maturity                             |  |                          | 500     |   |      |        |  
|Principal payments on securities held to maturity                                   |  |                          | 175     |   |      | 201     |  
|Net increase in loans                                                               |  |                          | (18,370 | ) |      | (45,450 | )
|Net (purchase) sale of premises and equipment, net                                  |  |                          | (2,670  | ) |      | 3,201   |  
|Redemption (purchase) of Federal Home Loan Bank stock                               |  |                          | 1,039   |   |      | (746    | )
|                                                                                    |  |                          |         |   |      |         |  
|Net cash used in investing activities                                               |  |                          | (21,889 | ) |      | (43,492 | )
|                                                                                    |  |                          |         |   |      |         |  
|                                                                                    |  |                         
|Cash flows from financing activities:                                               |  |                          |         |   |      |         |  
|Increase in deposits                                                                |  |                          | 43,602  |   |      | 13,507  |  
|Repayment of Federal Home Loan Bank advances                                        |  |                          | (24,500 | ) |      | (47,500 | )
|Proceeds from Federal Home Loan Bank advances                                       |  |                          |        |   |      | 62,500  |  
|Increase in other borrowings                                                        |  |                          | 2,616   |   |      | 1,757   |  
|Proceeds from exercise of stock options                                             |  |                          | 270     |   |      | 264     |  
|Fractional shares of stock dividend paid in cash                                    |  |                          | (2      | ) |      |        |  
|Tax benefit from common stock options exercised                                     |  |                          |        |   |      | 188     |  
|                                                                                    |  |                          |         |   |      |         |  
|Net cash provided by financing activities                                           |  |                          | 21,986  |   |      | 30,716  |  
|                                                                                    |  |                          |         |   |      |         |  
|Net (decrease) increase in cash and cash equivalents                                |  |                          | (917    | ) |      | (10,425 | )
|Cash and cash equivalents at beginning of period                                    |  |                          | 11,527  |   |      | 21,698  |  
|                                                                                    |  |                          |         |   |      |         |  
|Cash and cash equivalents at end of period                                          |  | $                        | 10,610  |   |      | 11,273  |  
|                                                                                    |  |                          |         |   |      |         |  

(continued)



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Condensed Consolidated Statements of Cash Flows (Unaudited), Continued

(In thousands)



|                                                                                                                                               |  |                          |       |   |      |      
|---------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------ | ----- | - | ---- | -----
|                                                                                                                                               |  | Six Months EndedJune 30,
|                                                                                                                                               |  | 2007                     |       |   | 2006
|Supplemental disclosure of cash flow information:                                                                                              |  |                          |       |   |      |      
|Cash paid during the period for:                                                                                                               |  |                          |       |   |      |      
|Interest                                                                                                                                       |  | $                        | 6,723 |   |      | 3,952
|                                                                                                                                               |  |                          |       |   |      |      
|Income taxes                                                                                                                                   |  | $                        | 1,055 |   |      | 1,122
|                                                                                                                                               |  |                          |       |   |      |      
|                                                                                                                                               |  |                         
|Noncash transaction- Accumulated other comprehensive loss, net change in unrealized loss on securities available for sale, net of income
taxes |  | $                        | (35   | ) |      | 24   
|                                                                                                                                               |  |                          |       |   |      |      

See Accompanying Notes to Condensed Consolidated Financial Statements.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Notes to Condensed Consolidated Financial Statements (Unaudited)

1. General.First Community Bank Corporation of America (the Holding Company) owns all of the outstanding common stock of First Community Bank of America (the Bank) and First Community Lender Services, Inc. (FCLS)
(collectively, the Company). The Holding Companys primary business activity is the operation of the Bank. The Bank is a federally-chartered stock savings bank providing a variety of banking services to small and middle market
businesses and individuals through its three banking offices located in Pinellas County, one banking office in Pasco County, one banking office located in Charlotte County, and two offices located in Hillsborough County, Florida. FCLS had minimal
activity during the six months ended June 30, 2007 and 2006.

In the opinion of the management of the Company, the
accompanying condensed consolidated financial statements contain all adjustments (consisting principally of normal recurring accruals) necessary to present fairly the financial position at June 30, 2007, the results of operations for the three-
and six-month periods ended June 30, 2007 and 2006 and cash flows for the six-month periods ended June 30, 2007 and 2006. The results of operations and other data for the three- and six-month periods ended June 30, 2007 are not
necessarily indicative of results that may be expected for the year ending December 31, 2007.

2. Loan
Impairment and Loan Losses.There were no loans identified as impaired during the three and six months ended June 30, 2007 or 2006.

The activity in the allowance for loan losses is as follows (in thousands):



|                               |  |                            |       |   |                          |       |   |      |       |   |      |       |  
|------------------------------ |  | -------------------------- | ----- | - | ------------------------ | ----- | - | ---- | ----- | - | ---- | ----- | -
|                               |  | Three Months EndedJune 30, |       |   | Six Months EndedJune 30, |      
|                               |  | 2007                       |       |   | 2006                     |       |   | 2007 |       |   | 2006 |      
|Balance at beginning of period |  | $                          | 3,637 |   |                          | 3,476 |   |      | 3,499 |   |      | 3,416 |  
|Provision for loan losses      |  |                            | 176   |   |                          |      |   |      | 313   |   |      | 60    |  
|Charge-offs                    |  |                            | (2    | ) |                          | (4    | ) |      | (3    | ) |      | (4    | )
|Recoveries                     |  |                            |      |   |                          | 2     |   |      | 2     |   |      | 2     |  
|                               |  |                            |       |   |                          |       |   |      |       |   |      |       |  
|Balance at end of period       |  | $                          | 3,811 |   |                          | 3,474 |   |      | 3,811 |   |      | 3,474 |  
|                               |  |                            |       |   |                          |       |   |      |       |   |      |       |  

Nonaccrual and past due loans were as follows (in thousands):



|                                             |  |             |       |      |    
|-------------------------------------------- |  | ----------- | ----- | ---- | ---
|                                             |  | At June 30,
|                                             |  | 2007        |       | 2006
|Nonaccrual loans                             |  | $           | 1,427 |      | 157
|Past due ninety days or more, still accruing |  |             |      |      |   
|                                             |  |             |       |      |    
|                                             |  | $           | 1,427 |      | 157
|                                             |  |             |       |      |    

At June 30, 2007 and December 31, 2006 loans held for sale approximated
$1,127,000 and $461,000, respectively and are included in net loans on the condensed consolidated balance sheets.

(continued)



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited), Continued



3. Earnings Per Share (EPS).Earnings per share (EPS) of common stock
has been computed on the basis of the weighted-average number of shares of common stock outstanding. Outstanding stock options are considered dilutive securities for purposes of calculating diluted EPS which is computed using the treasury stock
method. All per share amounts have been adjusted to reflect the 5% stock dividend in January 2007. The following tables present the calculations of weighted-average shares outstanding:



|                                                                                                         |  |           |  |          
|-------------------------------------------------------------------------------------------------------- |  | --------- |  | ---------
|                                                                                                         |  | 2007      |  | 2006     
|Three Months Ended June 30:                                                                              |  |           |  |          
|Weighted-average number of common shares outstanding used to calculate basic earnings per common share   |  | 4,072,891 |  | 3,986,596
|Effect of dilutive stock options                                                                         |  | 238,684   |  | 324,529  
|                                                                                                         |  |           |  |          
|Weighted-average number of common shares outstanding used to calculate diluted earnings per common share |  | 4,311,575 |  | 4,311,125
|                                                                                                         |  |           |  |          
|                                                                                                         |  |          
|Six Months Ended June 30:                                                                                |  |           |  |          
|Weighted-average number of common shares outstanding used to calculate basic earnings per common share   |  | 4,065,654 |  | 3,986,592
|Effect of dilutive stock options                                                                         |  | 252,512   |  | 317,162  
|                                                                                                         |  |           |  |          
|Weighted-average number of common shares outstanding used to calculate diluted earnings per common share |  | 4,318,166 |  | 4,303,754
|                                                                                                         |  |           |  |          

The following options were excluded from the calculation of EPS due to the
exercise price being above the average market price:



|                                                  |  |                   |  |               |       |        |          
|------------------------------------------------- |  | ----------------- |  | ------------- | ----- | ------ | ---------
|                                                  |  | NumberOutstanding |  | ExercisePrice |       | Expire
|For the three and six months ended June 30, 2007: |  |                   |  |               |       |        |          
|Options                                           |  | 6,300             |  | $             | 19.23 |        | 2012-2016
|                                                  |  | 5,250             |  |               | 19.52 |        | 2012-2016
|                                                  |  | 10,500            |  |               | 20.00 |        | 2012-2016
|                                                  |  | 10,500            |  |               | 19.19 |        | 2016     
|                                                  |  | 10,500            |  |               | 18.71 |        | 2017     
|                                                  |  | 6,850             |  |               | 18.57 |        | 2017     

(continued)



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited), Continued



4. Stock-Based Compensation. Prior to January 1, 2006, the Companys stock
option plans were accounted for under the recognition and measurement provisions of Accounting Principles Board (APB) Opinion No. 25 (Opinion 25), Accounting for Stock Issued to Employees, and related Interpretations, as permitted by
Financial Accounting Standards Board (FASB) Statement No. 123, Accounting for Stock-Based Compensation (as amended by Statement of Financial Accounting Standards (SFAS) No. 148, Accounting for Stock-Based Compensation Transition
and Disclosure) (collectively SFAS 123). No stock-based employee compensation cost was recognized in the Companys consolidated statements of earnings through December 31, 2005, as all options granted under the plans had an exercise
price equal to the market value of the underlying common stock on the date of grant. Effective January 1, 2006, the Company adopted the fair value recognition provisions of FASB Statement No. 123(R), Share-Based Payment(SFAS
123(R)), using the modified-prospective-transition method. Under that transition method, compensation cost recognized in 2006 includes: (a) compensation cost for all share-based payments granted prior to, but not yet vested as of
January 1, 2006, based on the grant date fair value calculated in accordance with the original provisions of SFAS 123, and (b) compensation cost for all share-based payments granted subsequent to December 31, 2005, based on the
grant-date fair value estimated in accordance with the provisions of SFAS 123(R). At December 31, 2005, all outstanding options had vested.

The Company has three stock option plans for directors and employees of the Company. Under the first two plans, the total number of options which may be granted to purchase common stock is 516,797 (amended) for employees and 620,156
(amended) for directors. At June 30, 2007, no options remain available for grant under the directors plan and 43,467 options remain available for grant under the employees plan. The total number of options which may be granted to
purchase common stock under the third plan is 236,250 (amended) for either directors or employees. At June 30, 2007, 15,750 options remain available for grant under the third plan. The directors options vest immediately and have a life of
five years. The employees options vest over periods up to four years and have terms up to 10 years.

A summary of the activity in the
Companys stock option plans is as follows. All amounts reflect the 5% stock dividend paid in February 2007 (dollars in thousands, except per share amounts):



|                                 |  |                  |   |  |                               |       |                                          |           |                         |   |      
|-------------------------------- |  | ---------------- | - |  | ----------------------------- | ----- | ---------------------------------------- | --------- | ----------------------- | - | -----
|                                 |  | Number ofOptions |   |  | Weighted-AverageExercisePrice |       | Weighted-AverageRemainingContractualTerm |           | AggregateIntrinsicValue
|Outstanding at December 31, 2006 |  | 715,141          |   |  |                               |       |                                          |           |                         |   |      
|Options granted                  |  | 17,350           |   |  |                               |       |                                          |           |                         |   |      
|Options exercised                |  | (45,409          | ) |  |                               |       |                                          |           |                         |   |      
|Options forfeited                |  | (787             | ) |  |                               |       |                                          |           |                         |   |      
|                                 |  |                  |   |  |                               |       |                                          |           |                         |   |      
|Outstanding at June 30, 2007     |  | 686,295          |   |  | $                             | 10.77 |                                          | 4.2 years |                         | $ | 3,157
|                                 |  |                  |   |  |                               |       |                                          |           |                         |   |      
|Exercisable at June 30, 2007     |  | 650,785          |   |  | $                             | 10.31 |                                          | 3.9 years |                         | $ | 3,293
|                                 |  |                  |   |  |                               |       |                                          |           |                         |   |      

(continued)



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited), Continued



4. Stock-Based Compensation, Continued. The total intrinsic value of options exercised
during the six months ended June 30, 2007 and 2006 was $609,000 and $656,000, respectively and the tax benefit relating to the stock options exercised was $0 and $188,000, respectively. At June 30, 2007, there was approximately $123,000 of
total unrecognized compensation expense related to nonvested share-based compensation arrangements granted under the plans. The cost is expected to be recognized over a weighted-average period of 45 months. The total fair value of shares vesting and
recognized as compensation expense was approximately $25,000 and $5,000 for the six months ended June 30, 2007 and 2006, respectively. There was no associated tax benefit recognized for both the six months ended June 30, 2007 and 2006.

The fair value of each option granted for the six months ended June 30, 2007 and 2006 is estimated on the date of grant using the
Black-Scholes option-pricing model with the following assumptions:



|                                                                     |  |                            |      |   |                          |      |   |      |      |   |      |      |  
|-------------------------------------------------------------------- |  | -------------------------- | ---- | - | ------------------------ | ---- | - | ---- | ---- | - | ---- | ---- | -
|                                                                     |  | Three Months EndedJune 30, |      |   | Six Months EndedJune 30, |     
|                                                                     |  | 2007                       |      |   | 2006                     |      |   | 2007 |      |   | 2006 |     
|Risk-free interest rate                                              |  |                            | 4.66 | % |                          | 5.00 | % |      | 4.69 | % |      | 4.89 | %
|Expected dividend yield                                              |  |                            |     |   |                          |     |   |      |     |   |      |     |  
|Expected volatility                                                  |  |                            | 3    | % |                          | 9    | % |      | 5    | % |      | 9    | %
|Expected life in years                                               |  |                            | 6    |   |                          | 5    |   |      | 6    |   |      | 5    |  
|                                                                     |  |                            |      |  
|Per share grant-date fair value of options granted during the period |  | $                          | 4.44 |   |                          | 4.69 |   |      | 4.55 |   |      | 4.58 |  
|                                                                     |  |                            |      |   |                          |      |   |      |      |   |      |      |  

As part of its adoption of SFAS 123(R), the Company examined its historical pattern of option
exercises in an effort to determine if there were any pattern based on certain employee populations. From this analysis, the Company could not identify any patterns in the exercise of options. As such, the Company used the guidance in Staff
Accounting Bulletin No. 107 to determine the estimated life of options issued subsequent to the adoption of SFAS 123(R). The expected volatility is based on historical volatility of similar peer banks common stock. The risk-free rate for
periods within the contractual life of the option is based on U.S. Treasury yield curve in effect at the time of grant. The expected dividend yield assumption is based on the Companys history and expectation of dividend payments.

(continued)



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited), Continued



5. Regulatory Capital. The Bank is required to maintain certain minimum regulatory capital
requirements. At June 30, 2007, the Bank was in compliance with its regulatory capital requirements.

6.
Sale-Leaseback Transaction. The Bank sold its office properties in St. Petersburg and Pinellas Park, Florida on May 17, 2006, and simultaneously leased both properties with favorable long-term leases. An immediate gain of
approximately $225,000 was recognized on one of the properties because of the excess gain over the present value of the lease payments. The remaining gain of approximately $2.6 million was deferred and is being amortized using the straight-line
method over the ten year lease term. The lease expense is being straight-lined over the ten year lease life due to 2% annual increases.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Review by Independent Registered Public Accounting Firm

Hacker, Johnson & Smith PA, the Companys independent
registered public accounting firm, have made a limited review of the financial data as of June 30, 2007, and for the three- and six- month periods ended June 30, 2007 and 2006 presented in this document, in accordance with standards
established by the Public Company Accounting Oversight Board.

Their report furnished pursuant to Article 10 of Regulation S-X is included
herein.



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Report of Independent Registered Public Accounting Firm

The Board of Directors and Stockholders

First Community Bank Corporation of America

Pinellas Park, Florida:

We have reviewed the accompanying interim condensed consolidated balance sheet of First Community Bank Corporation of America and
Subsidiaries (the Company) as of June 30, 2007, the related interim condensed consolidated statements of earnings for the three- and six-month periods ended June 30, 2007 and 2006 and the related interim condensed consolidated
statements of changes in stockholders equity and cash flows for the six-month periods ended June 30, 2007 and 2006. These interim financial statements are the responsibility of the Companys management.

We conducted our reviews in accordance with the standards of the Public Company Accounting Oversight Board (United States). A review of interim financial
information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the standards of the
Public Company Accounting Oversight Board, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should be made to the accompanying interim condensed consolidated financial
statements for them to be in conformity with U.S. generally accepted accounting principles.

We have previously audited, in accordance with
the standards of the Public Company Accounting Oversight Board, the consolidated balance sheet of the Company as of December 31, 2006, and the related consolidated statements of earnings, changes in stockholders equity and cash flows for
the year then ended (not presented herein); and in our report dated March 22, 2007, we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying condensed
consolidated balance sheet as of December 31, 2006, is fairly stated, in all material respects, in relation to the consolidated balance sheet from which it has been derived.

/s/ Hacker, Johnson & Smith PA

HACKER, JOHNSON & SMITH PA

Tampa, Florida

August 6, 2007



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Item 2. Managements Discussion and Analysis of

Financial Condition and Results of Operations

Forward Looking Statements

This
document contains forward-looking statements as defined by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve substantial risks and uncertainties. When
used in this document, or in the documents incorporated by reference, the words anticipate, believe, estimate, may, intend and expect and similar expressions are some of the
forward-looking statements used in these documents. Actual results, performance, or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements. Factors which may cause results to change
materially include competition, inflation, general economic conditions, changes in interest rates, and changes in the value of collateral securing loans First Community Bank Corporation of America has made, among other things.

General

First Community Bank Corporation of America
(the Holding Company) owns all of the outstanding common stock of First Community Bank of America (the Bank) and First Community Lender Services, Inc. (FCLS) (collectively, the Company). The Holding
Companys primary business activity is the operation of the Bank. The Bank is a federally-chartered stock savings bank providing a variety of banking services to small and middle market businesses and individuals through its three banking
offices located in Pinellas County, one banking office located in Pasco County, one banking office located in Charlotte County and two offices located in Hillsborough County, Florida. FCLS had minimal activity during the six months ended
June 30, 2007 and 2006.

Liquidity and Capital Resources

The Companys primary source of cash during the six months ended June 30, 2007, was from net deposit inflows of approximately $44 million. Cash was used primarily to originate net loans of approximately $19
million and to repay Federal Home Loan Bank advance of $25 million.

Off-Balance Sheet Arrangements

The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers.
These financial instruments include commitments to extend credit, unused lines of credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest-rate risk in excess of the amounts recognized in
the condensed consolidated balance sheet. The contract amounts of these instruments reflect the extent of the Companys involvement in particular classes of financial instruments.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



The Companys exposure to credit loss in the event of nonperformance by the other party to the
financial instrument for commitments to extend credit, unused lines of credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for
on-balance-sheet instruments.

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any
condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total
committed amounts do not necessarily represent future cash requirements. The Company evaluates each customers credit worthiness on a case-by-case basis. The amount of collateral obtained, if it is deemed necessary by the Company upon extension
of credit, is based on managements credit evaluation of the counter party.

Standby letters of credit are conditional lending
commitments issued by the Company to guarantee the performance of a customer to a third party and to support public and private borrowing arrangements. Essentially all letters of credit issued have expiration dates within one year. The credit risk
involved in issuing letters-of-credit is essentially the same as that involved in extending loan facilities to customers. The Company generally holds collateral supporting these commitments.

Unused lines of credit and commitments to extend credit typically result in loans with a market interest rate.

A summary of the amounts of the Companys financial instruments, with off-balance sheet risk at June 30, 2007, follows (in thousands):



|                             |  |                |       
|---------------------------- |  | -------------- | ------
|                             |  | ContractAmount
|Commitments to extend credit |  | $              | 15,488
|                             |  |                |       
|Unused lines of credit       |  | $              | 40,981
|                             |  |                |       
|Standby letters of credit    |  | $              | 48    
|                             |  |                |       

Management believes that the Company has adequate resources to fund all of its commitments and
that substantially all its existing commitments will be funded within the next twelve months.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Selected Financial Information

The following rates are presented for the dates and periods indicated:



|                                                                      |  |                             |   |  |                            |   |  |                             |  
|--------------------------------------------------------------------- |  | --------------------------- | - |  | -------------------------- | - |  | --------------------------- | -
|                                                                      |  | Six MonthsEndedJune 30,2007 |   |  | Year EndedDecember 31,2006 |   |  | Six MonthsEndedJune 30,2006 |  
|Average equity as a percentage of average assets                      |  | 8.52                        | % |  | 8.90                       | % |  | 9.08                        | %
|                                                                      |  |                             |  
|Equity to total assets at end of period                               |  | 8.59                        | % |  | 8.62                       | % |  | 8.82                        | %
|                                                                      |  |                             |  
|Return on average assets (1)                                          |  | 0.75                        | % |  | 1.03                       | % |  | 1.14                        | %
|                                                                      |  |                             |  
|Return on average equity (1)                                          |  | 8.77                        | % |  | 11.59                      | % |  | 12.51                       | %
|                                                                      |  |                             |  
|Noninterest expenses to average assets (1)                            |  | 2.76                        | % |  | 2.95                       | % |  | 2.93                        | %
|                                                                      |  |                             |  
|Nonperforming assets as a percentage of total assets at end of period |  | 0.44                        | % |  | 0.13                       | % |  | 0.04                        | %

---

|(1) | Annualized for the six months ended June 30.
|--- | --------------------------------------------



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Results of Operations

The following table sets forth, for the periods indicated, information regarding (i) the total dollar amount of interest and dividend income of the Company from interest-earning assets and the resultant average yields; (ii) the
total dollar amount of interest expense on interest-bearing liabilities and the resultant average cost; (iii) net interest income; (iv) interest-rate spread; and (v) net interest margin.



|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|-------------------------------------------------------------------------------- |  | --------------------------- | ------- | -------------------- | ---- | ----------------- |  | ---- | -------------- |  | -------------------- | ------- | ----------------- | - | ----- |  | ---- | -
|                                                                                 |  | Three Months Ended June 30, |        
|                                                                                 |  | 2007                        |         |                      | 2006 |                  
|                                                                                 |  | AverageBalance              |         | InterestandDividends |      | AverageYield/Rate |  |      | AverageBalance |  | InterestandDividends |         | AverageYield/Rate |  
|                                                                                 |  | (Dollars in thousands)      |        
|Interest-earning assets:                                                         |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|Loans (1)                                                                        |  | $                           | 356,374 |                      |      | 6,783             |  | 7.61 | %              |  | $                    | 305,499 |                   |   | 5,735 |  | 7.51 | %
|Securities                                                                       |  |                             | 16,486  |                      |      | 174               |  | 4.22 |                |  |                      | 15,704  |                   |   | 148   |  | 3.77 |  
|Other interest-earning assets (2)                                                |  |                             | 25,949  |                      |      | 301               |  | 4.64 |                |  |                      | 9,076   |                   |   | 50    |  | 2.20 |  
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|Total interest-earning assets                                                    |  |                             | 398,809 |                      |      | 7,258             |  | 7.28 |                |  |                      | 330,279 |                   |   | 5,933 |  | 7.19 |  
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|Noninterest-earning assets                                                       |  |                             | 19,300  |                      |      |                   |  |      |                |  |                      | 16,241  |                   |   |       |  |      |  
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|Total assets                                                                     |  | $                           | 418,109 |                      |      |                   |  |      |                |  | $                    | 346,520 |                   |   |       |  |      |  
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|                                                                                 |  |                             |         |                      |      |                  
|Interest-bearing liabilities:                                                    |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|Savings, NOW, money-market deposit accounts                                      |  |                             | 115,338 |                      |      | 692               |  | 2.40 |                |  |                      | 93,603  |                   |   | 474   |  | 2.03 |  
|Time deposits                                                                    |  |                             | 196,259 |                      |      | 2,481             |  | 5.06 |                |  |                      | 138,139 |                   |   | 1,471 |  | 4.26 |  
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|Total interest-bearing deposits                                                  |  |                             | 311,597 |                      |      | 3,173             |  | 4.07 |                |  |                      | 231,742 |                   |   | 1,945 |  | 3.36 |  
|Other interest-bearing liabilities (3)                                           |  |                             | 26,753  |                      |      | 304               |  | 4.55 |                |  |                      | 26,548  |                   |   | 295   |  | 4.43 |  
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|Total interest-bearing liabilities                                               |  |                             | 338,350 |                      |      | 3,477             |  | 4.11 |                |  |                      | 258,290 |                   |   | 2,240 |  | 3.47 |  
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|                                                                                 |  |                             |         |                      |      |                  
|Noninterest-bearing liabilities                                                  |  |                             | 44,563  |                      |      |                   |  |      |                |  |                      | 57,063  |                   |   |       |  |      |  
|Stockholders equity                                                             |  |                             | 35,196  |                      |      |                   |  |      |                |  |                      | 31,167  |                   |   |       |  |      |  
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|Total liabilities and stockholders equity                                       |  | $                           | 418,109 |                      |      |                   |  |      |                |  | $                    | 346,520 |                   |   |       |  |      |  
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|Net interest income                                                              |  |                             |         |                      | $    | 3,781             |  |      |                |  |                      |         |                   | $ | 3,693 |  |      |  
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|Interest-rate spread (4)                                                         |  |                             |         |                      |      |                   |  | 3.17 | %              |  |                      |         |                   |   |       |  | 3.72 | %
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|Net interest margin (5)                                                          |  |                             |         |                      |      |                   |  | 3.79 | %              |  |                      |         |                   |   |       |  | 4.47 | %
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  
|Ratio of average interest-earning assets to average interest-bearing liabilities |  |                             | 1.25    |                      |      |                   |  |      |                |  |                      | 1.28    |                   |   |       |  |      |  
|                                                                                 |  |                             |         |                      |      |                   |  |      |                |  |                      |         |                   |   |       |  |      |  

---

|(1) | Includes nonperforming loans.
|--- | -----------------------------

|(2) | Includes Federal Home Loan Bank stock and interest-bearing deposits with banks.
|--- | -------------------------------------------------------------------------------

|(3) | Includes Federal Home Loan Bank advances and other borrowings.
|--- | --------------------------------------------------------------

|(4) | Interest-rate spread represents the difference between the average yield on interest-earning assets and the average rate of interest-bearing liabilities.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) | Net interest margin is net interest income divided by average interest-earning assets.
|--- | --------------------------------------------------------------------------------------



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



The following table sets forth, for the periods indicated, information regarding (i) the total dollar amount of
interest and dividend income of the Company from interest-earning assets and the resultant average yields; (ii) the total dollar amount of interest expense on interest-bearing liabilities and the resultant average cost; (iii) net interest
income; (iv) interest-rate spread; and (v) net interest margin.



|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|-------------------------------------------------------------------------------- |  | ------------------------- | ------- | -------------------- | ---- | ----------------- |  | ---- | -------------- |  | -------------------- | ------- | ----------------- | - | ------ |  | ---- | -
|                                                                                 |  | Six Months Ended June 30, |        
|                                                                                 |  | 2007                      |         |                      | 2006 |                  
|                                                                                 |  | AverageBalance            |         | InterestandDividends |      | AverageYield/Rate |  |      | AverageBalance |  | InterestandDividends |         | AverageYield/Rate |  
|                                                                                 |  | (Dollars in thousands)    |        
|Interest-earning assets:                                                         |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Loans (1)                                                                        |  | $                         | 353,057 |                      |      | 13,412            |  | 7.60 | %              |  | $                    | 295,097 |                   |   | 10,857 |  | 7.36 | %
|Securities                                                                       |  |                           | 16,246  |                      |      | 366               |  | 4.51 |                |  |                      | 15,612  |                   |   | 280    |  | 3.59 |  
|Other interest-earning assets (2)                                                |  |                           | 14,084  |                      |      | 407               |  | 5.78 |                |  |                      | 10,238  |                   |   | 120    |  | 2.34 |  
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Total interest-earning assets                                                    |  |                           | 383,387 |                      |      | 14,185            |  | 7.40 |                |  |                      | 320,947 |                   |   | 11,257 |  | 7.02 |  
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Noninterest-earning assets                                                       |  |                           | 23,680  |                      |      |                   |  |      |                |  |                      | 16,680  |                   |   |        |  |      |  
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Total assets                                                                     |  | $                         | 407,067 |                      |      |                   |  |      |                |  | $                    | 337,627 |                   |   |        |  |      |  
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|                                                                                 |  |                           |         |                      |      |                  
|Interest-bearing liabilities:                                                    |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Savings, NOW, money-market deposit accounts                                      |  |                           | 113,188 |                      |      | 1,331             |  | 2.35 |                |  |                      | 93,810  |                   |   | 914    |  | 1.95 |  
|Time deposits                                                                    |  |                           | 188,357 |                      |      | 4,693             |  | 4.98 |                |  |                      | 130,336 |                   |   | 2,655  |  | 4.07 |  
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Total interest-bearing deposits                                                  |  |                           | 301,545 |                      |      | 6,024             |  | 4.00 |                |  |                      | 224,146 |                   |   | 3,569  |  | 3.19 |  
|Other interest-bearing liabilities (3)                                           |  |                           | 27,019  |                      |      | 638               |  | 4.72 |                |  |                      | 25,132  |                   |   | 530    |  | 4.22 |  
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Total interest-bearing liabilities                                               |  |                           | 328,564 |                      |      | 6,662             |  | 4.06 |                |  |                      | 249,278 |                   |   | 4,099  |  | 3.29 |  
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Noninterest-bearing liabilities                                                  |  |                           | 43,766  |                      |      |                   |  |      |                |  |                      | 57,685  |                   |   |        |  |      |  
|Stockholders equity                                                             |  |                           | 34,737  |                      |      |                   |  |      |                |  |                      | 30,664  |                   |   |        |  |      |  
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Total liabilities and stockholders equity                                       |  | $                         | 407,067 |                      |      |                   |  |      |                |  | $                    | 337,627 |                   |   |        |  |      |  
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Net interest income                                                              |  |                           |         |                      | $    | 7,523             |  |      |                |  |                      |         |                   | $ | 7,158  |  |      |  
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Interest-rate spread (4)                                                         |  |                           |         |                      |      |                   |  | 3.34 | %              |  |                      |         |                   |   |        |  | 3.73 | %
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Net interest margin (5)                                                          |  |                           |         |                      |      |                   |  | 3.92 | %              |  |                      |         |                   |   |        |  | 4.46 | %
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  
|Ratio of average interest-earning assets to average interest-bearing liabilities |  |                           | 1.16    |                      |      |                   |  |      |                |  |                      | 1.29    |                   |   |        |  |      |  
|                                                                                 |  |                           |         |                      |      |                   |  |      |                |  |                      |         |                   |   |        |  |      |  

---

|(1) | Includes nonperforming loans.
|--- | -----------------------------

|(2) | Includes Federal Home Loan Bank stock and interest-bearing deposits with banks.
|--- | -------------------------------------------------------------------------------

|(3) | Includes Federal Home Loan Bank advances and other borrowings.
|--- | --------------------------------------------------------------

|(4) | Interest-rate spread represents the difference between the average yield on interest-earning assets and the average rate of interest-bearing liabilities.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) | Net interest margin is net interest income divided by average interest-earning assets.
|--- | --------------------------------------------------------------------------------------



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Comparison of the Three-Month Periods Ended June 30, 2007 and 2006

General. Our net earnings for the three months ended June 30, 2007, was $760,000 or $.19 per basic share and $.18 per
diluted share compared to $1,071,000 or $.27 per basic share and $.25 per diluted share for the three months ended June 30, 2006. The second quarter 2006 results included a $225,000 pre-tax gain on the sale and lease back of bank facilities
which contributed $.04 per share in earnings. The second quarter 2007 reflected a $176,000 increase in provision for loan losses and a $283,000 increase in noninterest expense reflecting an investment in new branches and infrastructure to support
growth.

Net Interest Income. Interest income increased to $7.3 million during the three months ended
June 30, 2007, from $5.9 million in 2006. Interest on loans for the three months ended June 30, 2007 increased to $6.8 million from $5.7 million for the three months ended June 30, 2006. The increase in interest on loans was primarily
due to an increase in the average balance of loans to $356.4 million, during the three months ended June 30, 2007 compared to $305.5 million, during the three months ended June 30, 2006. This increase was also due to an increase in the
average yield earned to 7.61% for the three months ended June 30, 2007 from 7.51% for the three months ended June 30, 2006. Interest on securities increased to $174,000 during the three months ended June 30, 2007 from $148,000 for the
three months ended June 30, 2006. The increase in interest income on securities was due to an increase in the average balance of securities from $15.7 million in 2006 to $16.5 million in 2007 and an increase in the average yield earned from
3.77% in 2006 to 4.22% in 2007.

Interest expense on interest bearing deposit accounts increased to $3.2 million during the three months
ended June 30, 2007, compared to $1.9 million during the three months ended June 30, 2006. The increase was due to an increase in the rate paid to 4.07% during the three months ended June 30, 2007 from 3.36% during the three months
ended June 30, 2006, and an increase in the average balance of interest bearing deposits to $311,597 in 2007 from $231.7 million in 2006. Interest expense on other borrowings increased to $304,000 during the three months ended June 30,
2007, compared to $295,000 during the three months ended June 30, 2006. The increase was due to an increase in the average balance of other borrowings to $26.8 million in 2007 from $26.6 million in 2006, and an increase in the average rate paid
on other borrowings to 4.55% during the three months ended June 30, 2007 compared to 4.43% during the three months ended June 30, 2006.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Comparison of the Three-Month Periods Ended June 30, 2007 and 2006

Provision for Loan Losses.Calculating the allowance for loan losses is divided into two primary allocation groups:
(1) impaired loans and (2) all other passing grade loans. For impaired loans, the Bank has created a methodology which factors in the current market value of the collateral, deducts any related costs of collection and liquidation and the
loan balance to determine any deficiency. This process is applied to each impaired loan, then the results are totaled and any possible deficiencies are provided for. The impaired loans are initially identified by the loan officer, loan review, or
the credit officer/loan committee. The loans are assigned a risk grade which will move up or down according to the level of severity. On a quarterly basis the loans are evaluated as to the level of allocation towards the reserve. For the other
passing grade loans in the portfolio, the methodology that was created factors in historical loss performance, political climate, national economic status, local economic status, local real estate market conditions and an event contingency factor.
Each of these factors is given a weight that is totaled and the sum is multiplied by each type of loan product type to arrive at a total portfolio allowance allocation.

The provision for loan losses was $176,000 for the three months ended June 30, 2007 compared to $0 for the three months ended June 30, 2006. While continued economic weakness, rapidly rising interest rates,
or other factors could cause stress on the loan portfolio and affect the levels of nonperforming assets and charge-offs, management believes that the levels of nonperforming assets and the charge-off ratio are stable under the current circumstances.

The allowance for loan losses is $3.8 million at June 30, 2007. While management believes that its allowance for loan losses is
adequate as of June 30, 2007, future adjustments to the Companys allowance for loan losses may be necessary if economic conditions differ substantially from the assumptions used in making the initial determination.

Noninterest Income. Noninterest income decreased to $408,000 in 2007 from $545,000 for the three- months ended
June 30, 2006. The decrease was primarily due to a one time gain of $225,000 on the sale of premises and equipment that was recorded during the second quarter of 2006.

Noninterest Expenses. Total noninterest expenses increased to $2.8 million for the three months ended June 30, 2007
from $2.5 million for the comparable period ended June 30, 2006, primarily due to increases in employee compensation and benefits of $70,000 and an increase in occupancy expense of $112,000. These increase reflect the opening of a new banking
office and an investment in infrastructure to support future growth.

Income Taxes. Income taxes for the
three months ended June 30, 2007 was $435,000 or 36.4% compared to $632,000 or 37.1% for the period ended June 30, 2006. The lower tax rate reflects an increase in tax-free municipal securities income.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Comparison of the Six-Month Periods Ended June 30, 2007 and 2006

General. Our net earnings for the six months ended June 30, 2007, decreased to $1,510,000 or $.37 per basic share and
$.35 per diluted share compared to $1,918,000 or $.48 per basic share and $.45 per diluted share for the six months ended June 30, 2006. Net earnings decreased due to a decrease in noninterest income related to the $225,000 gain on the sale and
lease back of banking offices recorded in 2006, a $253,000 increase in provision for loan losses, combined with a $681,000 increase in noninterest expense which more than offset the $365,000 increase in net interest income.

Net Interest Income. Interest income increased to $14.2 million during the six months ended June 30, 2007, from $11.3
million in 2006. Interest on loans for the six months ended June 30, 2007 increased to $13.4 million from $10.9 million for the six months ended June 30, 2006. The increase in interest on loans was primarily due to an increase in the
average balance of loans to $353.1 million during the six months ended June 30, 2007 compared to $295.1 million during the six months ended June 30, 2006. This increase was also due to an increase in the average yield earned to 7.60% for
the six months ended June 30, 2007 from 7.36% for the six months ended June 30, 2006. Interest on securities increased to $366,000 during the six months ended June 30, 2007, from $280,000 for the six months ended June 30, 2006.
The increase in interest income on securities was due to an increase in the average balance of securities from $15.6 million in 2006 to $16.2 million in 2007, and an increase in the average yield earned from 3.59% in 2006 to 4.51% in 2007.

Interest expense on interest-bearing deposit accounts increased to $6.0 million during the six months ended June 30, 2007, compared
to $3.6 million during the six months ended June 30, 2006. The increase was due to an increase in the rate paid to 4.00% during the six months ended June 30, 2007 from 3.19% during the six months ended June 30, 2006, and an increase
in the average balance of interest bearing deposits to $301.5 million in 2007 from $224.1 million in 2006. Interest expense on other borrowings increased to $638,000 during the six months ended June 30, 2007, compared to $530,000 during the six
months ended June 30, 2006. The increase was due to an increase in the average balance of other borrowings to $27.0 million in 2007 from $25.1 million in 2006, and an increase in the average rate paid on other borrowings to 4.72% during the six
months ended June 30, 2007 compared to 4.22% during the six months ended June 30, 2006.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Comparison of the Six-Month Periods Ended June 30, 2007 and 2006

Provision for Loan Losses.Calculating the allowance for loan losses is divided into two primary allocation groups:
(1) impaired loans and (2) all other passing grade loans. For impaired loans, the Bank has created a methodology which factors in the current market value of the collateral, deducts any related costs of collection and liquidation and the
loan balance to determine any deficiency. This process is applied to each impaired loan, then the results are totaled and any possible deficiencies are provided for. The impaired loans are initially identified by the loan officer, loan review, or
the credit officer/loan committee. The loans are assigned a risk grade which will move up or down according to the level of severity. On a quarterly basis the loans are evaluated as to the level of allocation towards the reserve. For the other
passing grade loans in the portfolio, the methodology that was created factors in historical loss performance, political climate, national economic status, local economic status, local real estate market conditions and an event contingency factor.
Each of these factors is given a weight that is totaled and the sum is multiplied by each type of loan product type to arrive at a total portfolio allowance allocation.

The provision for loan losses was $313,000 for the six months ended June 30, 2007 compared to $60,000 for the six months ended June 30, 2006. While continued economic weakness, rapidly rising interest rates,
or other factors could cause stress on the loan portfolio and affect the levels of nonperforming assets and charge-offs, management believes that the levels of nonperforming assets and the charge-off ratio are stable under the current circumstances.

The allowance for loan losses is $3.8 million at June 30, 2007. While management believes that its allowance for loan losses is
adequate as of June 30, 2007, future adjustments to the Companys allowance for loan losses may be necessary if economic conditions differ substantially from the assumptions used in making the initial determination.

Noninterest Income. Noninterest income decreased to $749,000 in 2007 from $844,000 for the six months ended June 30,
2006. The decrease was primarily due to the recognition of the $225,000 gain on sale of premises in 2006.

Noninterest Expenses. Total noninterest expenses increased to $5.6 million for the six months ended June 30, 2007 from $4.9 million for the comparable period ended June 30, 2006, primarily due to increases in
employee compensation and benefits of $319,000 and in occupancy expense of $196,000 due to the overall growth of the Company and the opening of new banking office in the fourth quarter of 2007.

Income Taxes. Income taxes for the six months ended June 30, 2007, was $866,000 or 36.5% compared to $1,122,000 or
36.9% for the period ended June 30, 2006. The lower tax rate reflects an increase in tax-free municipal securities income.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



Item 3. Quantitative and Qualitative Disclosures about Market Risk

Market risk is the risk of loss from
adverse changes in market prices and rates. The Companys market risk arises primarily from interest-rate risk inherent in its lending, investment and deposit taking activities. The Company has little or no risk related to trading accounts,
commodities or foreign exchange.

Management actively monitors and manages its interest rate risk exposure. The primary objective in
managing interest-rate risk is to limit, within established guidelines, the adverse impact of changes in interest rates on the Companys net interest income and capital, while adjusting the Companys asset-liability structure to obtain the
maximum yield-cost spread on that structure. Management relies primarily on its asset-liability structure to control interest rate risk. However, a sudden and substantial increase in interest rates could adversely impact the Companys earnings,
to the extent that the interest rates borne by assets and liabilities do not change at the same speed, to the same extent, or on the same basis. There has been no significant change in the Companys market risk exposure since December 31,
2006.

Item 4. Controls and Procedures



|a. | Evaluation of disclosure controls and procedures. The Company maintains controls and procedures designed to ensure that information required to be disclosed in the reports
that the Company files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. Based upon their
evaluation of those controls and procedures performed within 90 days of the filing date of this report, the Chief Executive and Chief Financial officers of the Company concluded that the Companys disclosure controls and procedures were
effective to ensure that the information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in
the U.S. Securities and Exchange Commissions rules and forms.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|b. | Changes in internal controls. The Company made no significant changes in its internal controls or in other factors that could significantly affect these controls subsequent
to the date of the evaluation of those controls by the Chief Executive and Chief Financial officers.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

There are no material pending legal proceeding to which First Community Bank Corporation of
America and Subsidiaries, is a party or to which any of their property is subject.

Item 1A. Risk Factors

There have been no material changes to the risk factors disclosed in Item 1A Risk
Factors in our Annual Report on Form 10-K for the year ended December 31, 2006.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



PART II. OTHER INFORMATION, CONTINUED

Item 4. Submission of Matters to Vote a of Security Holders

The Annual Meeting of Shareholders (the Annual
Meeting) of First Community Bank Corporation of America, was held on May 14, 2007, to consider the election of eight directors with terms expiring at the Annual Meeting in 2008, to fix the number of directors to serve on the board for the
ensuing year at eleven and the adjournment of the Annual Meeting to solicit additional proxies in the event there were not sufficient votes to approve any of the foregoing items.

At the Annual Meeting 2,535,370 shares were present in person or by proxy. Listed below are the directors that were elected at the Annual Meeting, their terms, and a summary of the votes cast for each nominee.



|                   |  |              |  |           |  |         |  |        
|------------------ |  | ------------ |  | --------- |  | ------- |  | -------
|                   |  | TermExpiring |  | For       |  | Against |  | Abstain
|Brad Bishop        |  | 2008         |  | 2,535,060 |  |        |  | 310    
|                   |  |              |  |           |  |         |  |        
|Kenneth P. Cherven |  | 2008         |  | 2,535,060 |  |        |  | 310    
|                   |  |              |  |           |  |         |  |        
|Edwin C. Hussemann |  | 2008         |  | 2,535,060 |  |        |  | 310    
|                   |  |              |  |           |  |         |  |        
|Kenneth Delarbre   |  | 2008         |  | 2,535,060 |  |        |  | 310    
|                   |  |              |  |           |  |         |  |        
|James Macaluso     |  | 2008         |  | 2,534,992 |  |        |  | 378    
|                   |  |              |  |           |  |         |  |        
|David K. Meehan    |  | 2008         |  | 2,534,835 |  |        |  | 535    
|                   |  |              |  |           |  |         |  |        
|Robert G. Menke    |  | 2008         |  | 2,530,406 |  |        |  | 4,964  
|                   |  |              |  |           |  |         |  |        
|Robert M. Menke    |  | 2008         |  | 2,534,992 |  |        |  | 378    
|                   |  |              |  |           |  |         |  |        

The shareholders voted on two other matters-



|                                                  |  |           |  |         |  |        
|------------------------------------------------- |  | --------- |  | ------- |  | -------
|                                                  |  | For       |  | Against |  | Abstain
|Fix the number of directors to serve on the board |  | 2,515,906 |  | 6,389   |  | 13,075 
|                                                  |  |           |  |         |  |        
|Solicit additional proxies if needed              |  | 2,486,848 |  | 46,088  |  | 2,434  
|                                                  |  |           |  |         |  |        



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



PART II. OTHER INFORMATION, CONTINUED

Item 6. Exhibits

Exhibits. The following exhibits were filed with the Securities and Exchange Commission.



|            |  |                        |  |                                                                                                                                              
|----------- |  | ---------------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit No. |  | Description of Exhibit
|*           |  | 3.1                    |  | Amended and Restated Articles of Incorporation                                                                                               
|*           |  | 3.2                    |  | Bylaws                                                                                                                                       
|*           |  | 4.1                    |  | Specimen Common Stock Certificate                                                                                                            
|*           |  | 4.3                    |  | Warrant Certificate                                                                                                                          
|**          |  | 10.1                   |  | Employment Agreement of Kenneth P. Cherven dated June 16, 2002                                                                               
|*           |  | 10.2                   |  | First Amended and Restated Non-Employee Director Stock Option Plan                                                                           
|*           |  | 10.3                   |  | Long-Term Incentive Plan                                                                                                                     
|*           |  | 10.4                   |  | Incentive Compensation Plan                                                                                                                  
|***         |  | 10.5                   |  | Employment Agreement of Kenneth P. Cherven dated November 29, 2004                                                                           
|****        |  | 10.6                   |  | Deferred Compensation Plan of Kenneth P. Cherven dated January 1, 2005.                                                                      
|            |  | 31.1                   |  | Certification of Chief Executive Officer required by Rule 13a- 14(a)/15d-14(a) under the Exchange Act                                        
|            |  | 31.2                   |  | Certification of Chief Financial Officer required by Rule 13a- 14(a)/15d-14(a) under the Exchange Act                                        
|            |  | 32.1                   |  | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley Act of 2002
|            |  | 32.2                   |  | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley Act of 2002
|**          |  | 99.5                   |  | Audit Committee Charter                                                                                                                      

---

|* | Exhibits marked with an asterisk were submitted with the Companys original filing of Form SB-2 on April 7, 2003.
|- | -----------------------------------------------------------------------------------------------------------------

|** | Exhibits marked with a double asterisk were submitted with the Companys filing of its Amendment One to Form SB-2 on May 8, 2003.
|-- | ---------------------------------------------------------------------------------------------------------------------------------

|*** | Exhibits marked with triple asterisk were submitted with the Companys filing of Form 10-QSB on May 13, 2005.
|--- | -------------------------------------------------------------------------------------------------------------

|**** | Exhibits marked with quadruple asterisk were submitted with the Companys filing of Form 10-QSB on August 12, 2005.
|---- | -------------------------------------------------------------------------------------------------------------------



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##### Table of Contents

FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly authorized.



|                     |  |                                             |  |                                            
|-------------------- |  | ------------------------------------------- |  | -------------------------------------------
|                     |  | FIRST COMMUNITY BANK CORPORATION OF AMERICA
|                     |  | (Registrant)                               
|                     |  |                                            
|Date: August 9, 2007 |  | By:                                         |  | /s/ Kenneth P. Cherven                     
|                     |  |                                             |  | Kenneth P. Cherven, President and Chief    
|                     |  |                                             |  | Executive Officer                          
|                     |  |                                            
|Date: August 9, 2007 |  | By:                                         |  | /s/ Stan B. McClelland                     
|                     |  |                                             |  | Stan B. McClelland, Chief Financial Officer



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