##### Table of Contents







UNITED STATES

SECURITIES AND
EXCHANGE COMMISSION

Washington, D.C. 20549





FORM 10-Q





(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, 2009



| ̈ | 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





FIRST COMMUNITY BANK CORPORATION OF AMERICA

(Exact name of registrant as specified in its charter)







|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|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 has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File
required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such
files).     ̈ Yes     ̈ No

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



|                        |  |                                                  |  |                           |  |  
|----------------------- |  | ------------------------------------------------ |  | ------------------------- |  | -
|Large accelerated filer |  |  ̈                                                |  | Accelerated filer         |  |  ̈
|                        |  |                                                  | 
|Non-accelerated filer   |  |  ̈  (Do not check if a smaller reporting company) |  | Smaller reporting company |  | 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 |  | 4,151,431 shares            
|(class)                                |  | Outstanding at July 20, 2009









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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, 2009 (unaudited) and At December 31, 2008                              |  | 2    
|                                                                                                                           | 
|Condensed Consolidated Statements of Operations - Three and Six Months Ended June 30, 2009 and 2008
(unaudited)            |  | 3    
|                                                                                                                           | 
|Condensed Consolidated Statements of Changes in Stockholders Equity - Six Months Ended June 30, 2009 and 2008 (unaudited) |  | 4-5  
|                                                                                                                           | 
|Condensed Consolidated Statements of Cash Flows - Six Months Ended June 30, 2009 and 2008 (unaudited)                      |  | 6-7  
|                                                                                                                           | 
|Notes to Condensed Consolidated Financial Statements (unaudited)                                                           |  | 8-13 
|                                                                                                                           | 
|Review by Independent Registered Public Accounting Firm                                                                    |  | 14   
|                                                                                                                           | 
|Report of Independent Registered Public Accounting Firm                                                                    |  | 15   
|                                                                                                                           | 
|Item 2. Managements Discussion and Analysis of Financial Condition and Results of
Operations                              |  | 16-26
|                                                                                                                           | 
|Item 3. Quantitative and Qualitative Disclosures About Market Risk                                                         |  | 27   
|                                                                                                                           | 
|Item 4T. Controls and Procedures                                                                                           |  | 27   
|                                                                                                                           | 
|PART II. OTHER INFORMATION                                                                                                 |  |      
|                                                                                                                           | 
|Item 1. Legal Proceedings                                                                                                  |  | 27   
|                                                                                                                           | 
|Item 1A. Risk Factors                                                                                                      |  | 27   
|                                                                                                                           | 
|Item 4. Submission of Matters to a Vote of Security Holders                                                                |  | 28   
|                                                                                                                           | 
|Item 6. Exhibits                                                                                                           |  | 29   
|                                                                                                                           | 
|SIGNATURES                                                                                                                 |  | 30   



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 30,2009 |         |   | December 31,2008 |        
|                                                                                                                         |  | (Unaudited)  |         |   |                  |        
|Assets                                                                                                                   |  |              |         |   |                  |         |  
|                                                                                                                         |  |             
|Cash and due from banks                                                                                                  |  | $            | 48,624  |   |                  | 6,873   |  
|Interest-bearing deposits with banks                                                                                     |  |              | 220     |   |                  | 141     |  
|Federal funds sold                                                                                                       |  |              |        |   |                  | 25,444  |  
|                                                                                                                         |  |              |         |   |                  |         |  
|                                                                                                                         |  |             
|Cash and cash equivalents                                                                                                |  |              | 48,844  |   |                  | 32,458  |  
|                                                                                                                         |  |             
|Other interest-bearing deposits with banks                                                                               |  |              | 571     |   |                  | 300     |  
|Securities available for sale                                                                                            |  |              | 49,804  |   |                  | 25,227  |  
|Securities held to maturity (market value of $7,539 and $7,781)                                                          |  |              | 7,703   |   |                  | 8,296   |  
|Loans, net of allowance for loan losses of $7,844 and $8,230                                                             |  |              | 414,713 |   |                  | 403,855 |  
|Federal Home Loan Bank stock, at cost                                                                                    |  |              | 2,549   |   |                  | 2,555   |  
|Premises and equipment, net                                                                                              |  |              | 13,122  |   |                  | 12,903  |  
|Foreclosed real estate                                                                                                   |  |              | 2,888   |   |                  | 1,523   |  
|Accrued interest receivable                                                                                              |  |              | 1,965   |   |                  | 1,765   |  
|Bank owned life insurance                                                                                                |  |              | 7,846   |   |                  | 7,762   |  
|Other assets                                                                                                             |  |              | 5,457   |   |                  | 5,001   |  
|                                                                                                                         |  |              |         |   |                  |         |  
|                                                                                                                         |  |             
|                                                                                                                         |  | $            | 555,462 |   |                  | 501,645 |  
|                                                                                                                         |  |              |         |   |                  |         |  
|                                                                                                                         |  |             
|Liabilities and Stockholders Equity                                                                                     |  |              |         |   |                  |         |  
|                                                                                                                         |  |             
|Liabilities:                                                                                                             |  |              |         |   |                  |         |  
|Noninterest-bearing demand deposits                                                                                      |  |              | 39,417  |   |                  | 32,796  |  
|Savings, NOW and money-market deposits                                                                                   |  |              | 168,154 |   |                  | 123,098 |  
|Time deposits                                                                                                            |  |              | 257,237 |   |                  | 246,977 |  
|                                                                                                                         |  |              |         |   |                  |         |  
|                                                                                                                         |  |             
|Total deposits                                                                                                           |  |              | 464,808 |   |                  | 402,871 |  
|                                                                                                                         |  |             
|Federal Home Loan Bank advances                                                                                          |  |              | 36,000  |   |                  | 38,000  |  
|Other borrowings                                                                                                         |  |              | 4,005   |   |                  | 10,325  |  
|Accrued expenses and other liabilities                                                                                   |  |              | 6,676   |   |                  | 5,975   |  
|                                                                                                                         |  |              |         |   |                  |         |  
|                                                                                                                         |  |             
|Total liabilities                                                                                                        |  |              | 511,489 |   |                  | 457,171 |  
|                                                                                                                         |  |              |         |   |                  |         |  
|                                                                                                                         |  |             
|Stockholders equity:                                                                                                    |  |              |         |   |                  |         |  
|Preferred stock, $0.01 par value, 2,000,000 shares authorized, 10,685 shares issued and outstanding, at redemption value |  |              | 10,685  |   |                  | 10,685  |  
|Preferred stock discount                                                                                                 |  |              | (30     | ) |                  | (33     | )
|Common stock, $0.05 par value, 20,000,000 shares authorized, 4,151,431 and 4,111,121 shares issued and outstanding       |  |              | 208     |   |                  | 205     |  
|Additional paid-in capital                                                                                               |  |              | 30,600  |   |                  | 30,388  |  
|Retained earnings                                                                                                        |  |              | 2,347   |   |                  | 2,843   |  
|Accumulated other comprehensive income                                                                                   |  |              | 163     |   |                  | 386     |  
|                                                                                                                         |  |              |         |   |                  |         |  
|                                                                                                                         |  |             
|Total equity                                                                                                             |  |              | 43,973  |   |                  | 44,474  |  
|                                                                                                                         |  |              |         |   |                  |         |  
|                                                                                                                         |  |             
|                                                                                                                         |  | $            | 555,462 |   |                  | 501,645 |  
|                                                                                                                         |  |              |         |   |                  |         |  

See Accompanying Notes to Condensed Consolidated Financial Statements.



2



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##### Table of Contents

FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Condensed Consolidated Statements of Operations (Unaudited)

(In thousands, except per share amounts)



|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|---------------------------------------------------------------------------- | ---- | -------------------------- | ----- | ------------------------ |  | ----- |  | ------ | ---- |  | ------
|                                                                             |      | Three Months EndedJune 30, |       | Six Months EndedJune 30,
|                                                                             | 2009 |                            |       | 2008                     |  | 2009  |  |        | 2008
|Interest income:                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|Loans                                                                        |      | $                          | 5,950 |                          |  | 6,324 |  | 11,983 |      |  | 13,015
|Securities                                                                   |      |                            | 550   |                          |  | 344   |  | 1,030  |      |  | 591   
|Other interest earning assets                                                |      |                            | 13    |                          |  | 135   |  | 22     |      |  | 235   
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Total interest income                                                        |      |                            | 6,513 |                          |  | 6,803 |  | 13,035 |      |  | 13,841
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Interest expense:                                                            |      |                            |       |                          |  |       |  |        |      |  |       
|Deposits                                                                     |      |                            | 2,583 |                          |  | 2,741 |  | 5,209  |      |  | 5,486 
|Other borrowings                                                             |      |                            | 354   |                          |  | 477   |  | 716    |      |  | 980   
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Total interest expense                                                       |      |                            | 2,937 |                          |  | 3,218 |  | 5,925  |      |  | 6,466 
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Net interest income                                                          |      |                            | 3,576 |                          |  | 3,585 |  | 7,110  |      |  | 7,375 
|                                                                             |      |                            |       |                         
|Provision for loan losses                                                    |      |                            | 1,337 |                          |  | 713   |  | 2,032  |      |  | 893   
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Net interest income after provision for loan losses                          |      |                            | 2,239 |                          |  | 2,872 |  | 5,078  |      |  | 6,482 
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Noninterest income:                                                          |      |                            |       |                          |  |       |  |        |      |  |       
|Service charges on deposit accounts                                          |      |                            | 206   |                          |  | 186   |  | 412    |      |  | 410   
|Other service charges and fees                                               |      |                            | 117   |                          |  | 92    |  | 167    |      |  | 129   
|Income from bank owned life insurance                                        |      |                            | 44    |                          |  | 78    |  | 84     |      |  | 160   
|Gain on sale of loans held for sale                                          |      |                            |      |                          |  | 38    |  | 2      |      |  | 63    
|Other                                                                        |      |                            | 113   |                          |  | 54    |  | 193    |      |  | 80    
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Total noninterest income                                                     |      |                            | 480   |                          |  | 448   |  | 858    |      |  | 842   
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Noninterest expenses:                                                        |      |                            |       |                          |  |       |  |        |      |  |       
|Employee compensation and benefits                                           |      |                            | 1,362 |                          |  | 1,844 |  | 3,121  |      |  | 3,750 
|Occupancy and equipment                                                      |      |                            | 450   |                          |  | 400   |  | 870    |      |  | 817   
|Data processing                                                              |      |                            | 359   |                          |  | 290   |  | 711    |      |  | 565   
|Professional fees                                                            |      |                            | 168   |                          |  | 111   |  | 321    |      |  | 196   
|Office supplies                                                              |      |                            | 56    |                          |  | 55    |  | 101    |      |  | 112   
|Insurance                                                                    |      |                            | 473   |                          |  | 108   |  | 591    |      |  | 316   
|Other                                                                        |      |                            | 362   |                          |  | 325   |  | 669    |      |  | 579   
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Total noninterest expenses                                                   |      |                            | 3,230 |                          |  | 3,133 |  | 6,384  |      |  | 6,335 
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|(Loss) earnings before income taxes (benefit)                                |      |                            | (511  | )                        |  | 187   |  | (448   | )    |  | 989   
|                                                                             |      |                            |       |                         
|Income taxes (benefit)                                                       |      |                            | (230  | )                        |  | 29    |  | (236   | )    |  | 282   
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Net (loss) earnings                                                          |      |                            | (281  | )                        |  | 158   |  | (212   | )    |  | 707   
|                                                                             |      |                            |       |                         
|Preferred stock dividend requirements and amortization of preferred discount |      |                            | (135  | )                        |  |      |  | (284   | )    |  |      
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Net (loss) earnings applicable to common stockholders                        |      | $                          | (416  | )                        |  | 158   |  | (496   | )    |  | 707   
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|(Loss) earnings per share:                                                   |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Basic earnings per share                                                     |      | $                          | (.10  | )                        |  | .04   |  | (.12   | )    |  | .17   
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Diluted earnings per share                                                   |      | $                          | (.10  | )                        |  | .04   |  | (.12   | )    |  | .17   
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       
|                                                                             |      |                            |       |                         
|Dividends per share                                                          |      | $                          |      |                          |  |      |  |       |      |  |      
|                                                                             |      |                            |       |                          |  |       |  |        |      |  |       

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 Changes in Stockholders Equity

Six Months Ended June 30, 2009 and 2008

(In thousands, except share
amounts)



|                                                                                                 |        |                 |        |              |          |                   |        |  |           |        |                               |         |     |  |          |   |               |       |  |       |   |  |        |  
|------------------------------------------------------------------------------------------------ | ------ | --------------- | ------ | ------------ | -------- | ----------------- | ------ |  | --------- | ------ | ----------------------------- | ------- | --- |  | -------- | - | ------------- | ----- |  | ----- | - |  | ------ | -
|                                                                                                 |        | Preferred Stock |        | Common Stock |          | AdditionalPaid-In |        |  | Retained  |        | AccumulatedOtherComprehensive |         |     |  |         
|                                                                                                 | Shares |                 | Amount |              | Discount |                   | Shares |  |           | Amount |                               | Capital |     |  | Earnings |   | Income (Loss) |       |  | Total |  
|                                                                                                 |        |                 |        |              |          |                   |        |  |          
|Balance at December 31, 2007                                                                     |        |                |        | $            |         |                   |       |  | 4,082,002 |        |                               | $       | 204 |  | 30,216   |   |               | 6,478 |  | 70    |   |  | 36,968 |  
|                                                                                                 |        |                 |        |              |          |                   |        |  |           |        |                               |         |     |  |          |   |               |       |  |       |   |  |        |  
|                                                                                                 |        |                 |        |              |          |                   |        |  |          
|Comprehensive income:                                                                            |        |                 |        |              |          |                   |        |  |           |        |                               |         |     |  |          |   |               |       |  |       |   |  |        |  
|                                                                                                 |        |                 |        |              |          |                   |        |  |          
|Net earnings (unaudited)                                                                         |        |                |        |              |         |                   |       |  |          |        |                               |         |    |  |         |   |               | 707   |  |      |   |  | 707    |  
|                                                                                                 |        |                 |        |              |          |                   |        |  |          
|Net change in unrealized gain on securities available for sale, net of taxes of $156 (unaudited) |        |                |        |              |         |                   |       |  |          |        |                               |         |    |  |         |   |               |      |  | (260  | ) |  | (260   | )
|                                                                                                 |        |                 |        |              |          |                   |        |  |           |        |                               |         |     |  |          |   |               |       |  |       |   |  |        |  
|                                                                                                 |        |                 |        |              |          |                   |        |  |          
|Comprehensive income (unaudited)                                                                 |        |                 |        |              |          |                   |        |  |           |        |                               |         |     |  |          |   |               |       |  |       |   |  | 447    |  
|                                                                                                 |        |                 |        |              |          |                   |        |  |           |        |                               |         |     |  |          |   |               |       |  |       |   |  |        |  
|                                                                                                 |        |                 |        |              |          |                   |        |  |          
|Exercise of stock options (unaudited)                                                            |        |                |        |              |         |                   |       |  | 35,141    |        |                               |         | 1   |  | 168      |   |               |      |  |      |   |  | 169    |  
|                                                                                                 |        |                 |        |              |          |                   |        |  |          
|Retirement of common stock (unaudited)                                                           |        |                |        |              |         |                   |       |  | (6,022    | )      |                               |         |    |  | (59      | ) |               |      |  |      |   |  | (59    | )
|                                                                                                 |        |                 |        |              |          |                   |        |  |          
|Share-based compensation expense (unaudited)                                                     |        |                |        |              |         |                   |       |  |          |        |                               |         |    |  | 18       |   |               |      |  |      |   |  | 18     |  
|                                                                                                 |        |                 |        |              |          |                   |        |  |           |        |                               |         |     |  |          |   |               |       |  |       |   |  |        |  
|                                                                                                 |        |                 |        |              |          |                   |        |  |          
|Balance at June 30, 2008 (unaudited)                                                             |        |                |        | $            |         |                   |       |  | 4,111,121 |        |                               | $       | 205 |  | 30,343   |   |               | 7,185 |  | (190  | ) |  | 37,543 |  
|                                                                                                 |        |                 |        |              |          |                   |        |  |           |        |                               |         |     |  |          |   |               |       |  |       |   |  |        |  
|(continued)                                                                                      |       



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##### Table of Contents

FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Condensed Consolidated Statements of Changes in Stockholders Equity, Continued

Six Months Ended June 30, 2009 and 2008

(In thousands, except share
amounts)



|                                                                                                   |        |                 |        |   |              |  |                   |        |          |           |  |                               |     |          |        |  |        |   |  |       |   |  |        |  
|-------------------------------------------------------------------------------------------------- | ------ | --------------- | ------ | - | ------------ |  | ----------------- | ------ | -------- | --------- |  | ----------------------------- | --- | -------- | ------ |  | ------ | - |  | ----- | - |  | ------ | -
|                                                                                                   |        | Preferred Stock |        |   | Common Stock |  | AdditionalPaid-In |        | Retained |           |  | AccumulatedOtherComprehensive |     |          |        | 
|                                                                                                   | Shares |                 | Amount |   | Discount     |  |                   | Shares |          | Amount    |  | Capital                       |     | Earnings |        |  | Income |   |  | Total |  
|                                                                                                   |        |                 |        |   |              |  |                   |        |         
|Balance at December 31, 2008                                                                       |        | 10,685          |        | $ | 10,685       |  | (33               | )      |          | 4,111,121 |  | $                             | 205 |          | 30,388 |  | 2,843  |   |  | 386   |   |  | 44,474 |  
|                                                                                                   |        |                 |        |   |              |  |                   |        |         
|Comprehensive loss:                                                                                |        |                 |        |   |              |  |                   |        |          |           |  |                               |     |          |        |  |        |   |  |       |   |  |        |  
|                                                                                                   |        |                 |        |   |              |  |                   |        |         
|Net loss (unaudited)                                                                               |        |                |        |   |             |  |                  |        |          |          |  |                               |    |          |       |  | (212   | ) |  |      |   |  | (212   | )
|                                                                                                   |        |                 |        |   |              |  |                   |        |         
|Net change in unrealized gain on securities available for sale, net of taxes of $(134) (unaudited) |        |                |        |   |             |  |                  |        |          |          |  |                               |    |          |       |  |       |   |  | (223  | ) |  | (223   | )
|                                                                                                   |        |                 |        |   |              |  |                   |        |          |           |  |                               |     |          |        |  |        |   |  |       |   |  |        |  
|                                                                                                   |        |                 |        |   |              |  |                   |        |         
|Comprehensive loss (unaudited)                                                                     |        |                 |        |   |              |  |                   |        |          |           |  |                               |     |          |        |  |        |   |  |       |   |  | (435   | )
|                                                                                                   |        |                 |        |   |              |  |                   |        |          |           |  |                               |     |          |        |  |        |   |  |       |   |  |        |  
|                                                                                                   |        |                 |        |   |              |  |                   |        |         
|Exercise of stock options (unaudited)                                                              |        |                |        |   |             |  |                  |        |          | 40,310    |  |                               | 3   |          | 192    |  |       |   |  |      |   |  | 195    |  
|                                                                                                   |        |                 |        |   |              |  |                   |        |         
|Share-based compensation expense (unaudited)                                                       |        |                |        |   |             |  |                  |        |          |          |  |                               |    |          | 20     |  |       |   |  |      |   |  | 20     |  
|                                                                                                   |        |                 |        |   |              |  |                   |        |         
|Dividend on preferred stock to U.S. Treasury (unaudited)                                           |        |                |        |   |             |  |                  |        |          |          |  |                               |    |          |       |  | (281   | ) |  |      |   |  | (281   | )
|                                                                                                   |        |                 |        |   |              |  |                   |        |         
|Amortization of common stock warrants issued to U.S. Treasury (unaudited)                          |        |                |        |   |             |  | 3                 |        |          |          |  |                               |    |          |       |  | (3     | ) |  |      |   |  |       |  
|                                                                                                   |        |                 |        |   |              |  |                   |        |          |           |  |                               |     |          |        |  |        |   |  |       |   |  |        |  
|                                                                                                   |        |                 |        |   |              |  |                   |        |         
|Balance at June 30, 2009 (unaudited)                                                               |        | 10,685          |        | $ | 10,685       |  | (30               | )      |          | 4,151,431 |  | $                             | 208 |          | 30,600 |  | 2,347  |   |  | 163   |   |  | 43,973 |  
|                                                                                                   |        |                 |        |   |              |  |                   |        |          |           |  |                               |     |          |        |  |        |   |  |       |   |  |        |  

See Accompanying Notes to Condensed Consolidated Financial Statements.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows (Unaudited)

(In thousands)



|                                                                                           |      |                          |         |      |  |         |  
|------------------------------------------------------------------------------------------ | ---- | ------------------------ | ------- | ---- |  | ------- | -
|                                                                                           |      | Six Months EndedJune 30, |        
|                                                                                           | 2009 |                          |         | 2008 | 
|Cash flows from operating activities:                                                      |      |                          |         |      |  |         |  
|Net (loss) earnings                                                                        |      | $                        | (212    | )    |  | 707     |  
|Adjustments to reconcile net (loss) earnings to net cash provided by operating activities: |      |                          |         |      |  |         |  
|Provision for loan losses                                                                  |      |                          | 2,032   |      |  | 893     |  
|Depreciation and amortization                                                              |      |                          | 308     |      |  | 303     |  
|Net amortization of premiums and discounts on securities                                   |      |                          | 84      |      |  | (21     | )
|Share-based compensation                                                                   |      |                          | 20      |      |  | 18      |  
|Net amortization of deferred loan fees and costs                                           |      |                          | (128    | )    |  | (175    | )
|Income from bank owned life insurance                                                      |      |                          | (84     | )    |  | (160    | )
|Origination of loans held for sale                                                         |      |                          |        |      |  | (4,312  | )
|Proceeds from sale of loans held for sale                                                  |      |                          |        |      |  | 4,645   |  
|Gain on sale of loans held for sale                                                        |      |                          |        |      |  | (63     | )
|(Increase) decrease in accrued interest receivable                                         |      |                          | (200    | )    |  | 106     |  
|Increase in other assets                                                                   |      |                          | (456    | )    |  | (1,120  | )
|Net gain on sale of foreclosed real estate                                                 |      |                          | (53     | )    |  |        |  
|Increase in accrued expenses and other liabilities                                         |      |                          | 835     |      |  | 873     |  
|                                                                                           |      |                          |         |      |  |         |  
|                                                                                           |      |                         
|Net cash provided by operating activities                                                  |      |                          | 2,146   |      |  | 1,694   |  
|                                                                                           |      |                          |         |      |  |         |  
|                                                                                           |      |                         
|Cash flows from investing activities:                                                      |      |                          |         |      |  |         |  
|Net change in other interest-bearing deposits with banks                                   |      |                          | (271    | )    |  | 198     |  
|Purchase of securities available for sale                                                  |      |                          | (33,574 | )    |  | (17,898 | )
|Principal payments on securities available for sale                                        |      |                          | 3,556   |      |  | 717     |  
|Proceeds from calls and maturities of securities available for sale                        |      |                          | 1,500   |      |  | 500     |  
|Proceeds from sale of securities available for sale                                        |      |                          | 3,500   |      |  |        |  
|Proceeds from maturities of securities held to maturity                                    |      |                          | 500     |      |  | 1,160   |  
|Principal payments on securities held to maturity                                          |      |                          | 93      |      |  | 178     |  
|Net increase in loans                                                                      |      |                          | (14,491 | )    |  | (4,913  | )
|Purchase of premises and equipment, net                                                    |      |                          | (527    | )    |  | (1,312  | )
|Proceeds from the sale of foreclosed real estate                                           |      |                          | 417     |      |  |        |  
|Redemption (purchase) of Federal Home Loan Bank stock                                      |      |                          | 6       |      |  | (397    | )
|                                                                                           |      |                          |         |      |  |         |  
|                                                                                           |      |                         
|Net cash used in investing activities                                                      |      |                          | (39,291 | )    |  | (21,767 | )
|                                                                                           |      |                          |         |      |  |         |  
|                                                                                           |      |                         
|Cash flows from financing activities:                                                      |      |                          |         |      |  |         |  
|Increase in deposits                                                                       |      |                          | 61,937  |      |  | 42,282  |  
|Proceeds from Federal Home Loan Bank advances                                              |      |                          |        |      |  | 20,000  |  
|Repayment of Federal Home Loan Bank advances                                               |      |                          | (2,000  | )    |  | (13,000 | )
|Net decrease in other borrowings                                                           |      |                          | (6,320  | )    |  | (4,870  | )
|Proceeds from exercise of stock options                                                    |      |                          | 195     |      |  | 169     |  
|Retirement of common stock                                                                 |      |                          |        |      |  | (59     | )
|Dividend on preferred stock to U.S. Treasury                                               |      |                          | (281    | )    |  |        |  
|                                                                                           |      |                          |         |      |  |         |  
|                                                                                           |      |                         
|Net cash provided by financing activities                                                  |      |                          | 53,531  |      |  | 44,522  |  
|                                                                                           |      |                          |         |      |  |         |  
|                                                                                           |      |                         
|Net increase in cash and cash equivalents                                                  |      |                          | 16,386  |      |  | 24,449  |  
|                                                                                           |      |                         
|Cash and cash equivalents at beginning of period                                           |      |                          | 32,458  |      |  | 9,100   |  
|                                                                                           |      |                          |         |      |  |         |  
|                                                                                           |      |                         
|Cash and cash equivalents at end of period                                                 |      | $                        | 48,844  |      |  | 33,549  |  
|                                                                                           |      |                          |         |      |  |         |  
|(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, |      
|                                                                                                                                          | 2009 |                          |       | 2008 | 
|Supplemental disclosure of cash flow information:                                                                                         |      |                          |       |      |  |       |  
|Cash paid during the period for:                                                                                                          |      |                          |       |      |  |       |  
|Interest, net of capitalized interest of $13 and $181                                                                                     |      | $                        | 5,888 |      |  | 6,344 |  
|                                                                                                                                          |      |                          |       |      |  |       |  
|                                                                                                                                          |      |                         
|Income taxes                                                                                                                              |      | $                        |      |      |  | 595   |  
|                                                                                                                                          |      |                          |       |      |  |       |  
|                                                                                                                                          |      |                         
|Noncash transactions:                                                                                                                     |      |                          |       |      |  |       |  
|Accumulated other comprehensive income (loss), net change in unrealized gain (loss) on securities available for sale, net of income
taxes |      | $                        | (223  | )    |  | (260  | )
|                                                                                                                                          |      |                          |       |      |  |       |  
|                                                                                                                                          |      |                         
|Transfer from loans to foreclosed real estate                                                                                             |      | $                        | 1,729 |      |  | 2,124 |  
|                                                                                                                                          |      |                          |       |      |  |       |  

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 four banking offices located in Pinellas County, two banking offices in Pasco County, three banking offices located in Charlotte
County, and two offices located in Hillsborough County, Florida. FCLS had minimal activity during the six months ended June 30, 2009 and 2008.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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, 2009, the results of operations for the three- and six-month periods ended June 30, 2009 and 2008 and cash flows for the six-month periods ended June 30, 2009 and 2008. The results of operations and
other data for the three- and six-month periods ended June 30, 2009 are not necessarily indicative of results that may be expected for the year ending December 31, 2009.



|2. | Loan Impairment and Loan Losses.The activity in the allowance for loan losses is as follows (in thousands):
|-- | -----------------------------------------------------------------------------------------------------------



|                               |      |                            |        |      |                          |        |      |  |        |      |  |        |  
|------------------------------ | ---- | -------------------------- | ------ | ---- | ------------------------ | ------ | ---- |  | ------ | ---- |  | ------ | -
|                               |      | Three Months EndedJune 30, |        |      | Six Months EndedJune 30, |       
|                               | 2009 |                            |        | 2008 |                          |        | 2009 |  |        | 2008 | 
|                               |      |                            |        |     
|Balance at beginning of period |      | $                          | 7,923  |      |                          | 4,201  |      |  | 8,230  |      |  | 4,479  |  
|Provision for loan losses      |      |                            | 1,337  |      |                          | 713    |      |  | 2,032  |      |  | 893    |  
|Charge-offs                    |      |                            | (1,426 | )    |                          | (1,032 | )    |  | (2,469 | )    |  | (1,490 | )
|Recoveries                     |      |                            | 10     |      |                          | 1      |      |  | 51     |      |  | 1      |  
|                               |      |                            |        |      |                          |        |      |  |        |      |  |        |  
|                               |      |                            |        |     
|Balance at end of period       |      | $                          | 7,844  |      |                          | 3,883  |      |  | 7,844  |      |  | 3,883  |  
|                               |      |                            |        |      |                          |        |      |  |        |      |  |        |  
|(continued)                    |     



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited), Continued



|2. | Loan Impairment and Loan Losses, Continued.Impaired loans are as follows (in thousands):
|-- | ----------------------------------------------------------------------------------------



|                                                                            |      |             |        |      |  |       |    
|--------------------------------------------------------------------------- | ---- | ----------- | ------ | ---- |  | ----- | ---
|                                                                            |      | At June 30, |       
|                                                                            | 2009 |             |        | 2008 | 
|                                                                            |      |            
|Loans identified as impaired:                                               |      |             |        |      |  |       |    
|Troubled debt restructurings                                                |      | $           | 19,286 | (1)  |  | 623   | (1)
|                                                                            |      |             |        |      |  |       |    
|Gross collateral dependent loans with no related allowance for loan losses  |      |             | 23,698 | (2)  |  | 6,867 | (2)
|Gross collateral dependent loans with related allowance for losses recorded |      |             | 1,738  |      |  | 2,824 |    
|Less: Allowances on these loans                                             |      |             | (442   | )    |  | (810  | )  
|                                                                            |      |             |        |      |  |       |    
|                                                                            |      |            
|Net investment in impaired loans                                            |      | $           | 44,280 |      |  | 9,504 |    
|                                                                            |      |             |        |      |  |       |    
|                                                                            |     



| | (1) | Charge-offs related to these loans were
$583,000 and $67,000, respectively.
| | --- | ---------------------------------------------------------------------------

| | (2) | Charge-offs related to these loans were
$2,187,000 and $90,000, respectively.
| | --- | -----------------------------------------------------------------------------

Impaired collateral-dependent loans and foreclosed real estate are carried at fair
value when the current collateral value is lower than the carrying value of the loan. Those impaired collateral-dependent loans which are measured at fair value on a nonrecurring basis are as follows (in thousands):



|                       |           |                  |        |                                                            |  |         |  |         |  |             |  |       |  |      
|---------------------- | --------- | ---------------- | ------ | ---------------------------------------------------------- |  | ------- |  | ------- |  | ----------- |  | ----- |  | -----
|                       |           | At June 30, 2009 |        | LossesRecorded inOperationsFor thePeriod EndedJune 30,2009
|                       | FairValue |                  |        | Level 1                                                    |  | Level 2 |  | Level 3 |  | TotalLosses | 
|                       |           |                  |        |                                                            |  |        
|Impaired loans         |           | $                | 30,081 | (1)                                                        |  |        |  |        |  | 30,081      |  | 3,212 |  | 1,885
|                       |           |                  |        |                                                            |  |         |  |         |  |             |  |       |  |      
|                       |           |                  |        |                                                            |  |        
|Foreclosed real estate |           | $                | 2,888  |                                                            |  |        |  |        |  | 2,888       |  |      |  |     
|                       |           |                  |        |                                                            |  |         |  |         |  |             |  |       |  |      
|                      

| | (1) | Loans with a carrying value of $14,199,000 at June 30, 2009 were measured for impairment using Level 3 inputs and
had a fair value in excess of carrying value.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------

(continued)



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited), Continued



|2. | Loan Impairment and Loan Losses, Continued.
|-- | -------------------------------------------



|                                             |      |                          |        |  |      
|-------------------------------------------- | ---- | ------------------------ | ------ |  | -----
|                                             |      | Six Months EndedJune 30,
|                                             | 2009 |                          | 2008  
|                                             |      |                         
|Average investment in impaired loans         |      | $                        | 34,071 |  | 6,498
|                                             |      |                          |        |  |      
|Interest income recognized on impaired loans |      | $                        | 417    |  |     
|                                             |      |                          |        |  |      
|Interest income received on impaired loans   |      | $                        | 478    |  |     
|                                             |      |                          |        |  |      

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



|                                             |      |             |        |  |      
|-------------------------------------------- | ---- | ----------- | ------ |  | -----
|                                             |      | At June 30,
|                                             | 2009 |             | 2008  
|                                             |      |            
|Nonaccrual loans                             |      | $           | 24,689 |  | 6,544
|Past due ninety days or more, still accruing |      |             |       |  |     
|                                             |      |             |        |  |      
|                                             |      |            
|                                             |      | $           | 24,689 |  | 6,544
|                                             |      |             |        |  |      



|3. | (Loss) Earnings Per Share (EPS).(Loss) earnings per share (EPS) of common stock has been computed on the basis of the weighted-average number
of shares of common stock outstanding for the three and six months ended June 30, 2008. Outstanding stock options are considered dilutive securities for purposes of calculating diluted EPS which is computed using the treasury stock method. For
the three and six months ended June 30, 2009, outstanding stock options and warrants are not considered dilutive securities due to the net loss applicable to common shareholders. The following table presents the calculations of EPS (dollars in
thousands, except per share amounts).
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                                                              |        |                             |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|----------------------------------------------------------------------------- | ------ | --------------------------- | ---- | ---------------------- |  | -------------- |  | - | -------- | - | ---------------------- | - | -------------- |  | --------- |  | - | ----
|                                                                              |        | Three Months Ended June 30,
|                                                                              | 2009   |                             |      | 2008                  
|                                                                              | (Loss) |                             |      | Weighted-AverageShares |  | PerShareAmount |  |   | Earnings |   | Weighted-AverageShares |   | PerShareAmount
|Basic EPS:                                                                    |        |                             |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|Net (loss) earnings applicable to common stockholders                         |        | $                           | (416 | )                      |  | 4,151,431      |  | $ | (0.10    | ) |                        | $ | 158            |  | 4,111,121 |  | $ | 0.04
|                                                                              |        |                             |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|                                                                              |        |                             |      |                        |  |               
|Effect of dilutive securities-                                                |        |                             |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|Incremental shares from assumed conversion of options                         |        |                             |      |                        |  |               |  |   |          |   |                        |   |                |  | 140,400   |  |   |     
|                                                                              |        |                             |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|                                                                              |        |                             |      |                        |  |               
|Diluted EPS:                                                                  |        |                             |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|Net (loss) earnings applicable to common stockholders and assumed conversions |        | $                           | (416 | )                      |  | 4,151,431      |  | $ | (0.10    | ) |                        | $ | 158            |  | 4,251,521 |  | $ | 0.04
|                                                                              |        |                             |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|(continued)                                                                  



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited), Continued



|3. | (Loss) Earnings Per Share (EPS), Continued.
|-- | ---------------------------------------------



|                                                                              |        |                           |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|----------------------------------------------------------------------------- | ------ | ------------------------- | ---- | ---------------------- |  | -------------- |  | - | -------- | - | ---------------------- | - | -------------- |  | --------- |  | - | ----
|                                                                              |        | Six Months Ended June 30,
|                                                                              | 2009   |                           |      | 2008                  
|                                                                              | (Loss) |                           |      | Weighted-AverageShares |  | PerShareAmount |  |   | Earnings |   | Weighted-AverageShares |   | PerShareAmount
|Basic EPS:                                                                    |        |                           |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|Net (loss) earnings applicable to common stockholders                         |        | $                         | (496 | )                      |  | 4,150,801      |  | $ | (0.12    | ) |                        | $ | 707            |  | 4,112,147 |  | $ | 0.17
|                                                                              |        |                           |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|                                                                              |        |                           |      |                        |  |               
|Effect of dilutive securities-                                                |        |                           |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|Incremental shares from assumed conversion of options                         |        |                           |      |                        |  |               |  |   |          |   |                        |   |                |  | 138,747   |  |   |     
|                                                                              |        |                           |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|                                                                              |        |                           |      |                        |  |               
|Diluted EPS:                                                                  |        |                           |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     
|Net (loss) earnings applicable to common stockholders and assumed conversions |        | $                         | (496 | )                      |  | 4,150,801      |  | $ | (0.12    | ) |                        | $ | 707            |  | 4,250,894 |  | $ | 0.17
|                                                                              |        |                           |      |                        |  |                |  |   |          |   |                        |   |                |  |           |  |   |     

The following options were excluded from the calculation of EPS for the three and six months ended June 30,
2008 due to the exercise price being above the average market price:



|        |  |                   |  |             |  |               |       |        |          
|------- |  | ----------------- |  | ----------- |  | ------------- | ----- | ------ | ---------
|        |  | NumberOutstanding |  | YearGranted |  | ExercisePrice |       | Expire
|        |  |                   |  |            
|Options |  | 220,500           |  | 2005        |  | $             | 16.31 |        | 2011     
|        |  | 16,538            |  | 2004        |  |               | 13.53 |        | 2010-2014
|        |  | 15,750            |  | 2005        |  |               | 15.24 |        | 2011-2015
|        |  | 19,688            |  | 2005        |  |               | 15.36 |        | 2011     
|        |  | 12,602            |  | 2005        |  |               | 16.31 |        | 2011     
|        |  | 788               |  | 2005        |  |               | 16.80 |        | 2011     
|        |  | 6,300             |  | 2006        |  |               | 19.23 |        | 2012-2016
|        |  | 5,250             |  | 2006        |  |               | 19.52 |        | 2012-2016
|        |  | 10,500            |  | 2006        |  |               | 20.00 |        | 2012-2016
|        |  | 4,200             |  | 2006        |  |               | 20.00 |        | 2016     
|        |  | 10,500            |  | 2007        |  |               | 18.71 |        | 2017     
|        |  | 6,850             |  | 2007        |  |               | 18.57 |        | 2017     
|        |  | 5,000             |  | 2007        |  |               | 14.75 |        | 2017     



|4. | Stock-Based Compensation. The Company currently has two stock option plans for directors and employees of the Company. Under the plans, the total number of
options which may be granted to purchase common stock is 620,156 (amended) for directors and 516,797 (amended) for employees. At June 30, 2009, no options remain available for grant under the directors plan and 69,662 options remain
available for grant under the employees 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.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

(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 2005 Stock Plan approved by shareholders in April 2006 was terminated by the Board of Directors and the options
covering 220,500 shares were cancelled effective February 17, 2009 due to erratic market conditions, the conditions of the national, state and local economies, and out of a desire to evaluate and consider compensation plan options more
appropriate to the current economy and regulatory environment.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

A summary of the activity in the Companys stock option
plans is as follows:



|                                 |  |                  |   |  |                               |       |                                          |           |                         |   |  
|-------------------------------- |  | ---------------- | - |  | ----------------------------- | ----- | ---------------------------------------- | --------- | ----------------------- | - | -
|                                 |  | Number ofOptions |   |  | Weighted-AverageExercisePrice |       | Weighted-AverageRemainingContractualTerm |           | AggregateIntrinsicValue
|                                 |  |                  |   | 
|Outstanding at December 31, 2008 |  | 661,881          |   |  | $                             | 10.79 |                                          |           |                         |   |  
|Options exercised                |  | (40,310          | ) |  |                               | 4.84  |                                          |           |                         |   |  
|Options forfeited                |  | (40,923          | ) |  |                               | 10.85 |                                          |           |                         |   |  
|Options terminated               |  | (220,500         | ) |  |                               | 16.31 |                                          |           |                         |   |  
|                                 |  |                  |   |  |                               |       |                                          |           |                         |   |  
|                                 |  |                  |   | 
|Outstanding at June 30, 2009     |  | 360,148          |   |  | $                             | 7.19  |                                          | 2.8 years |                         | $ | 
|                                 |  |                  |   |  |                               |       |                                          |           |                         |   |  
|                                 |  |                  |   | 
|Exercisable at June 30, 2009     |  | 345,742          |   |  | $                             | 7.70  |                                          | 2.5 years |                         | $ | 
|                                 |  |                  |   |  |                               |       |                                          |           |                         |   |  

The total intrinsic value of options exercised during the six months ended June 30, 2009 and
2008 was $0 and $222,000. At June 30, 2009, there was approximately $53,000 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 sixteen months. The total fair value of shares vesting and recognized as compensation expense was approximately $20,000 and $18,000 for the six months ended June 30, 2009 and 2008, respectively. There was no
associated tax benefit recognized for both the six months ended June 30, 2009 and 2008.



|5. | Regulatory Capital. The Bank is required to maintain certain minimum regulatory capital requirements. At June 30, 2009, the Bank was in compliance with its
regulatory capital requirements.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|6. | Financial Covenant Compliance Status. First Community Bank Corporation of America terminated its $12 million line of credit with Silverton Bank. As of June 30,
2009, the Company had paid-off this line.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

(continued)



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited), Continued



|7. | Securities.Securities as of June 30, 2009 subject to fair value measurements on a recurring basis are as follows (in thousands):
|-- | --------------------------------------------------------------------------------------------------------------------------------



|                              |           |                                                 |                                                           |  |                                           |  |                                        |  |  
|----------------------------- | --------- | ----------------------------------------------- | --------------------------------------------------------- |  | ----------------------------------------- |  | -------------------------------------- |  | -
|                              |           | Fair Value Measurements at Reporting Date Using
|                              | FairValue |                                                 | Quoted PricesIn ActiveMarkets forIdenticalAssets(Level 1) |  | SignificantOtherObservableInputs(Level 2) |  | SignificantUnobservableInputs(Level 3)
|                              |           |                                                 |                                                           | 
|Available for sale securities |           | $                                               | 49,804                                                    |  |                                          |  | 49,804                                 |  | 
|                              |           |                                                 |                                                           |  |                                           |  |                                        |  |  



|8. | Fair Value of Financial Instruments.The estimated fair values of the Companys financial instruments were as follows (in thousands):
|-- | ------------------------------------------------------------------------------------------------------------------------------------



|                                           |                |                  |           |                      |                |  |           |  |        
|------------------------------------------ | -------------- | ---------------- | --------- | -------------------- | -------------- |  | --------- |  | -------
|                                           |                | At June 30, 2009 |           | At December 31, 2008
|                                           | CarryingAmount |                  | FairValue |                      | CarryingAmount |  | FairValue
|                                           |                |                  |           |                     
|Financial assets:                          |                |                  |           |                      |                |  |           |  |        
|Cash and cash equivalents                  |                | $                | 48,844    |                      | 48,844         |  | 32,458    |  | 32,458 
|Other interest-bearing deposits with banks |                |                  | 571       |                      | 571            |  | 300       |  | 300    
|Securities                                 |                |                  | 57,507    |                      | 57,604         |  | 33,523    |  | 33,008 
|Loans                                      |                |                  | 414,713   |                      | 417,753        |  | 403,855   |  | 408,245
|Federal Home Loan Bank stock               |                |                  | 2,549     |                      | 2,549          |  | 2,555     |  | 2,555  
|Accrued interest receivable                |                |                  | 1,965     |                      | 1,965          |  | 1,765     |  | 1,765  
|                                           |                |                  |           |                     
|Financial liabilities:                     |                |                  |           |                      |                |  |           |  |        
|Deposits                                   |                |                  | 464,808   |                      | 468,251        |  | 402,871   |  | 406,011
|Federal Home Loan Bank advances            |                |                  | 36,000    |                      | 38,442         |  | 38,000    |  | 40,756 
|Other borrowings                           |                |                  | 4,005     |                      | 4,005          |  | 10,325    |  | 10,325 
|                                           |                |                  |           |                     
|Off-Balance Sheet Financial Instruments    |                |                  |          |                      |               |  |          |  |       



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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, 2009, and for the three- and six- month periods ended June 30,
2009 and 2008 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 condensed consolidated balance sheet of First Community Bank Corporation of America and Subsidiaries (the Company) as of June 30, 2009, the related condensed consolidated statements of operations for the
three- and six-month periods ended June 30, 2009 and 2008 and the related condensed consolidated statements of changes in stockholders equity and cash flows for the six-month periods ended June 30, 2009 and 2008. 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 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, 2008, and the related consolidated
statements of operations, changes in stockholders equity and cash flow for the year then ended (not presented herein); and in our report dated March 24, 2009, 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, 2008, 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 7, 2009                



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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 four banking offices located in Pinellas County, two banking offices located in Pasco County, three banking offices located in
Charlotte County and two offices located in Hillsborough County, Florida. FCLS had minimal activity during the six months ended June 30, 2009 and 2008.

Liquidity and Capital Resources

The Companys primary source of cash during the six months ended June 30, 2009,
was from net deposit inflows of approximately $62 million. Cash was used primarily to increase securities $24 million and to increase loans by $15 million. The remaining cash increase is deposited at the Federal Reserve Bank.

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, 2009, follows (in thousands):



|                             |  |                |       
|---------------------------- |  | -------------- | ------
|                             |  | ContractAmount
|                             | 
|Commitments to extend credit |  | $              | 11,162
|                             |  |                |       
|                             | 
|Unused lines of credit       |  | $              | 31,470
|                             |  |                |       
|                             | 
|Standby letters of credit    |  | $              | 10,488
|                             |  |                |       

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 30,2009 |    |  | Year EndedDecember 31,2008 |    |  | Six MonthsEndedJune 30,2008 |  
|                                                                      |  |                             |   
|Average equity as a percentage of average assets                      |  | 8.39                        | %  |  | 8.03                       | %  |  | 8.20                        | %
|                                                                      |  |                             |   
|Equity to total assets at end of period                               |  | 7.92                        | %  |  | 8.87                       | %  |  | 7.79                        | %
|                                                                      |  |                             |   
|Return on average assets (1)                                          |  | (0.21                       | )% |  | (0.78                      | )% |  | 0.31                        | %
|                                                                      |  |                             |   
|Return on common average equity (1)                                   |  | (3.35                       | )% |  | (9.74                      | )% |  | 3.78                        | %
|                                                                      |  |                             |   
|Noninterest expenses to average assets                                |  | 2.46                        | %  |  | 2.83                       | %  |  | 2.78                        | %
|                                                                      |  |                             |   
|Nonperforming assets as a percentage of total assets at end of period |  | 4.96                        | %  |  | 2.93                       | %  |  | 1.91                        | %



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

Local Economic
Conditions

The Bank operates in two distinct geographic markets on the West Coast of Florida, the Tampa Bay region in West Central Florida and the Port
Charlotte Region in southwest Florida. Three of the Banks markets are located around Tampa Bay (Pinellas County, Pasco County and Hillsborough County). The fourth market is located in Port Charlotte County. The economy in Florida has been hard
hit by the decline in real estate values resulting from an over supply of residential housing units, a significant reduction in development activity and reductions in sales activity. The lack of absorption of vacant land, lots and certain single
family and condominium product has continued to feed the decline in values. The Tampa Bay region is more diversified with other service and manufacturing industry than the Port Charlotte region which had been primarily dependent on residential real
estate development and the retiree industry. Although the Tampa Market has shown decreased values in single family homes and condominiums it has not suffered as severely as the Port Charlotte market. Housing values have dropped approximately 40-50%
from the height of activity in 2005  2006.Similarly vacant land and lot values have fallen 60-70%. The drop in values continues to contribute to the delinquency or default of borrowers in that market. Correspondently the Tampa market
has seen a drop in values for single family of 25-35%, however condominiums and luxury homes have experienced larger decreases. Land and lot values have diminished by 30-40%. The Bank has experienced continued losses in vacant residential lot loans
and single family homes. A predominant portion of these losses are in the Port Charlotte market. Unemployment in Port Charlotte is purported to be in the 10-15% range, thus many borrowers struggle to maintain a positive payment history.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES



The commercial real estate market in the Tampa Bay area is showing signs of weakness especially in the multifamily,
office rental and retail rental market. The Bank does not have a large concentration in these areas, however, is experiencing increased delinquency trends in that market. Commercial real estate in Port Charlotte is also experiencing significant
weakness, however, the Bank has minimal holdings in that product type.

In light of these real estate trends the Bank has experienced an increase in its
problem assets specifically in vacant residential lots and single family which has comprised 69% of charge-off activity. Commercial real estate related charge-offs have been minimal to date at 8.5% of total charge-offs. The remaining
charge-offs have been consumer loans.

Determining Loan Losses

A loan is classified impaired when, based on current information and events; it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. All amounts due according to the
contractual terms means that both the contractual interest payments and contractual principal payments will be collected as scheduled in the loan agreement. Once a loan is considered impaired and is collateral dependent, an analysis of the loan will
be performed to determine a fair value estimate. Fair value will be determined by a current appraisal or using a reasonable discount of the appraisal using comparable data given the existing economic conditions. If the loan is collateral dependent,
the loss will be determined by deducting selling costs from the fair value of the collateral. The difference between the loan balance and the fair value less selling cost is the loss. The loss will be charged-off when it has been determined. If the
loan is considered impaired as a Troubled Debt Restructure, it is treated as required under FASB 114. The discounted cash flow of revised payment stream is discounted at the original loan rate and the difference is determined to be the loss.

The Bank obtains external appraisals on commercial real estate loans considered collateral dependent and on commercial foreclosed real estate on an annual
basis. Once the appraisal is in hand, the Bank will evaluate and if required will write-down the loan. The Bank obtains a brokers price opinion or other valuation service estimate every six months on any impaired collateral dependent single family
or residential lot loans, or foreclosed real estate and a write-down is made as required. A formal appraisal is ordered to evaluate the fair value when the foreclosure process is completed and the property title is being transferred to the Bank as
foreclosed real estate. The foreclosed real estate is initially valued at the appraised value less estimated costs to sell.

The Bank uses brokers
price opinions or valuation service values on residential or vacant lot loans when evaluating a potential loss. Prior to a final charge-off of the loan a formal appraisal is ordered to make the necessary transfer to foreclosed real estate. Once the
property is in foreclosed real estate, after six months a brokers price opinion or valuation service model will be used to evaluate the current value. An allowance is established for any additional losses.



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The chart below summarizes the 30+ days delinquency by loan category for the dates indicated ($ in thousands):



|                       |   |               |   |               |   |            |   |           |   |       |   |      |   |        |   |     
|---------------------- | - | ------------- | - | ------------- | - | ---------- | - | --------- | - | ----- | - | ---- | - | ------ | - | ----
|                       |   | December 2007 |   | December 2008 |   | March 2009 |   | June 2009
|                       | $ |               | % |               | $ |            | % |           | $ |       | % |      | $ |        | %
|                       |   |               |   |               |   |            |   |          
|Residential mortgages  |   | 1,780         |   | .46           |   | 4,994      |   | 1.21      |   | 6,466 |   | 1.53 |   | 7,962  |   | 1.88
|Commercial real estate |   | 1,183         |   | .41           |   | 6,462      |   | 1.57      |   | 6,473 |   | 1.53 |   | 15,081 |   | 3.56
|Land and lots          |   | 1,160         |   | .30           |   | 4,577      |   | 1.11      |   | 4,945 |   | 1.17 |   | 8,319  |   | 1.96
|Commercial loans       |   | 347           |   | .09           |   | 394        |   | 0.10      |   | 4,293 |   | 1.01 |   | 407    |   | 0.10
|Installments           |   | 74            |   | .02           |   | 180        |   | 0.04      |   | 95    |   | 0.02 |   | 150    |   | 0.04

The Banks nonaccrual and Foreclosed Real Estate (REO) is comprised of the following ($ in
thousands):



|                       |            |               |     |            |            |           |     |     |            |    |     |       |   |    |   |       |   |    |   |        |   |    |   |      
|---------------------- | ---------- | ------------- | --- | ---------- | ---------- | --------- | --- | --- | ---------- | -- | --- | ----- | - | -- | - | ----- | - | -- | - | ------ | - | -- | - | -----
|                       |            | December 2008 |     | March 2009 |            | June 2009
|                       | Nonaccrual |               | REO |            | Nonaccrual |           | REO |     | Nonaccrual |    | REO
|                       | #          |               | $   |            | #          |           | $   |     | #          |    | $   |       | # |    | $ |       | # |    | $ |        | # |    | $
|                       |            |               |     |            |            |           |     |     |            |    |     |      
|Residential mortgages  |            | 10            |     | 3,216      |            | 3         |     | 234 |            | 13 |     | 2,762 |   | 10 |   | 1,784 |   | 26 |   | 5,378  |   | 3  |   | 1,481
|Commercial real estate |            | 5             |     | 6,069      |            | 1         |     | 391 |            | 9  |     | 6,077 |   | 1  |   | 391   |   | 12 |   | 10,935 |   | 1  |   | 391  
|Land and lots          |            | 15            |     | 3,667      |            | 10        |     | 699 |            | 20 |     | 4,762 |   | 9  |   | 629   |   | 33 |   | 7,663  |   | 14 |   | 822  
|Commercial loans       |            | 1             |     | 74         |            |          |     |    |            |   |     |      |   |   |   |      |   | 2  |   | 700    |   |   |   |     
|Installment            |            | 2             |     | 138        |            | 3         |     | 199 |            | 2  |     | 18    |   | 3  |   | 194   |   | 2  |   | 12     |   | 3  |   | 194  

At fiscal year end December 2008 the Bank provision was increased to build up the loan loss allowance. A number of
loans were charged-off in the fourth quarter of 2008 and the first quarter of 2009. The following chart illustrates the combination of allowance and charge-off compared to related loans at June 30, 2009:



|                                                              |  |                  |         |   |               |        |   |       |         |  
|------------------------------------------------------------- |  | ---------------- | ------- | - | ------------- | ------ | - | ----- | ------- | -
|                                                              |  | NonimpairedLoans |         |   | ImpairedLoans |        |   | Total |        
|Allowance for loan losses:                                    |  |                  |         |   |               |        |   |       |         |  
|Beginning balance                                             |  | $                | 8,134   |   |               | 96     |   |       | 8,230   |  
|Provision                                                     |  |                  | 244     |   |               | 1,788  |   |       | 2,032   |  
|Charge-offs                                                   |  |                  | (1,026  | ) |               | (1,443 | ) |       | (2,469  | )
|Recoveries                                                    |  |                  | 50      |   |               | 1      |   |       | 51      |  
|                                                              |  |                  |         |   |               |        |   |       |         |  
|                                                              |  |                  |        
|Ending balance                                                |  | $                | 7,402   |   |               | 442    |   |       | 7,844   |  
|                                                              |  |                  |         |   |               |        |   |       |         |  
|                                                              |  |                  |        
|Loss allowance                                                |  |                  | 7,402   |   |               | 442    |   |       | 7,844   |  
|Partial charge-offs of loans currently in portfolio           |  |                  | 210     |   |               | 2,771  |   |       | 2,981   |  
|                                                              |  |                  |         |   |               |        |   |       |         |  
|Total                                                         |  | $                | 7,612   |   |               | 3,213  |   |       | 10,825  |  
|                                                              |  |                  |         |   |               |        |   |       |         |  
|                                                              |  |                  |        
|Total loans                                                   |  | $                | 377,955 |   |               | 44,602 |   |       | 422,252 |  
|                                                              |  |                  |         |   |               |        |   |       |         |  
|                                                              |  |                  |        
|Allowance loss and charge-offs as a percentage of total loans |  |                  | 2.01    | % |               | 7.20   | % |       | 2.56    | %
|                                                              |  |                  |         |   |               |        |   |       |         |  

The increase in nonperforming assets correlates with the real estate related delinquencies being experienced by
the Bank in the Port Charlotte market, and the Tampa Bay market. Predominantly the nonperforming assets are vacant residential lots, single family homes, multifamily and small office.



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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, |                     
|                                                                                 | 2009                   |                             |                      | 2008 |                  
|                                                                                 | AverageBalance         |                             | InterestandDividends |      | AverageYield/Rate |       |  | AverageBalance |   | InterestandDividends |   | AverageYield/Rate | 
|                                                                                 | (Dollars in thousands) |                            
|Interest-earning assets:                                                         |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|Loans (1)                                                                        |                        | $                           | 416,084              |      |                   | 5,950 |  | 5.72           | % |                      | $ | 381,243           |  |   | 6,324 |  | 6.64 | %
|Securities                                                                       |                        |                             | 52,573               |      |                   | 550   |  | 4.18           |   |                      |   | 27,741            |  |   | 344   |  | 4.96 |  
|Other interest-earning assets (2)                                                |                        |                             | 27,271               |      |                   | 13    |  | 0.19           |   |                      |   | 11,276            |  |   | 135   |  | 4.79 |  
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |      
|Total interest-earning assets                                                    |                        |                             | 495,928              |      |                   | 6,513 |  | 5.25           |   |                      |   | 420,260           |  |   | 6,803 |  | 6.48 |  
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |      
|Noninterest-earning assets                                                       |                        |                             | 51,688               |      |                   |       |  |                |   |                      |   | 43,647            |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |      
|Total assets                                                                     |                        | $                           | 547,616              |      |                   |       |  |                |   |                      | $ | 463,907           |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |      
|Interest-bearing liabilities:                                                    |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|Savings, NOW, money-market deposit accounts                                      |                        |                             | 161,801              |      |                   | 700   |  | 1.73           |   |                      |   | 132,404           |  |   | 606   |  | 1.83 |  
|Time deposits                                                                    |                        |                             | 257,579              |      |                   | 1,883 |  | 2.92           |   |                      |   | 196,296           |  |   | 2,135 |  | 4.35 |  
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |      
|Total interest-bearing deposits                                                  |                        |                             | 419,380              |      |                   | 2,583 |  | 2.46           |   |                      |   | 328,700           |  |   | 2,741 |  | 3.34 |  
|                                                                                 |                        |                             |                      |      |                   |      
|Other interest-bearing liabilities (3)                                           |                        |                             | 40,597               |      |                   | 354   |  | 3.49           |   |                      |   | 56,386            |  |   | 477   |  | 3.38 |  
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |      
|Total interest-bearing liabilities                                               |                        |                             | 459,977              |      |                   | 2,937 |  | 2.55           |   |                      |   | 385,086           |  |   | 3,218 |  | 3.34 |  
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |      
|Noninterest-bearing liabilities                                                  |                        |                             | 42,965               |      |                   |       |  |                |   |                      |   | 41,444            |  |   |       |  |      |  
|Net preferred stock                                                              |                        |                             | 10,655               |      |                   |       |  |                |   |                      |   |                  |  |   |       |  |      |  
|Stockholders equity                                                             |                        |                             | 34,019               |      |                   |       |  |                |   |                      |   | 37,377            |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |      
|Total liabilities and stockholders equity                                       |                        | $                           | 547,616              |      |                   |       |  |                |   |                      | $ | 463,907           |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |      
|Net interest income                                                              |                        |                             |                      |      | $                 | 3,576 |  |                |   |                      |   |                   |  | $ | 3,585 |  |      |  
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |      
|Interest-rate spread (4)                                                         |                        |                             |                      |      |                   |       |  | 2.70           | % |                      |   |                   |  |   |       |  | 3.14 | %
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |      
|Net interest margin (5)                                                          |                        |                             |                      |      |                   |       |  | 2.88           | % |                      |   |                   |  |   |       |  | 3.41 | %
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |      
|Ratio of average interest-earning assets to average interest-bearing liabilities |                        |                             | 1.08                 |      |                   |       |  |                |   |                      |   | 1.09              |  |   |       |  |      |  
|                                                                                 |                        |                             |                      |      |                   |       |  |                |   |                      |   |                   |  |   |       |  |      |  



|(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, |                     
|                                                                                 | 2009                   |                           |                      | 2008 |                  
|                                                                                 | AverageBalance         |                           | InterestandDividends |      | AverageYield/Rate |        |  | AverageBalance |   | InterestandDividends |   | AverageYield/Rate | 
|                                                                                 | (Dollars in thousands) |                          
|Interest-earning assets:                                                         |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|Loans (1)                                                                        |                        | $                         | 413,577              |      |                   | 11,983 |  | 5.79           | % |                      | $ | 384,768           |  |   | 13,015 |  | 6.77 | %
|Securities                                                                       |                        |                           | 47,740               |      |                   | 1,030  |  | 4.32           |   |                      |   | 24,101            |  |   | 591    |  | 4.90 |  
|Other interest-earning assets (2)                                                |                        |                           | 21,835               |      |                   | 22     |  | 0.20           |   |                      |   | 10,041            |  |   | 235    |  | 4.68 |  
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |       
|Total interest-earning assets                                                    |                        |                           | 483,152              |      |                   | 13,035 |  | 5.40           |   |                      |   | 418,910           |  |   | 13,841 |  | 6.61 |  
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |       
|Noninterest-earning assets                                                       |                        |                           | 49,599               |      |                   |        |  |                |   |                      |   | 39,988            |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |       
|Total assets                                                                     |                        | $                         | 532,751              |      |                   |        |  |                |   |                      | $ | 458,898           |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |       
|Interest-bearing liabilities:                                                    |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|Savings, NOW, money-market deposit accounts                                      |                        |                           | 149,601              |      |                   | 1,291  |  | 1.73           |   |                      |   | 128,594           |  |   | 1,231  |  | 1.91 |  
|Time deposits                                                                    |                        |                           | 254,585              |      |                   | 3,918  |  | 3.08           |   |                      |   | 195,483           |  |   | 4,255  |  | 4.35 |  
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |       
|Total interest-bearing deposits                                                  |                        |                           | 404,186              |      |                   | 5,209  |  | 2.58           |   |                      |   | 324,077           |  |   | 5,486  |  | 3.39 |  
|                                                                                 |                        |                           |                      |      |                   |       
|Other interest-bearing liabilities (3)                                           |                        |                           | 42,990               |      |                   | 716    |  | 3.33           |   |                      |   | 55,923            |  |   | 980    |  | 3.50 |  
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |       
|Total interest-bearing liabilities                                               |                        |                           | 447,176              |      |                   | 5,925  |  | 2.65           |   |                      |   | 380,000           |  |   | 6,466  |  | 3.40 |  
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |       
|Noninterest-bearing liabilities                                                  |                        |                           | 40,856               |      |                   |        |  |                |   |                      |   | 41,263            |  |   |        |  |      |  
|Net preferred stock                                                              |                        |                           | 10,654               |      |                   |        |  |                |   |                      |   |                  |  |   |        |  |      |  
|Stockholders equity                                                             |                        |                           | 34,065               |      |                   |        |  |                |   |                      |   | 37,635            |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |       
|Total liabilities and stockholders equity                                       |                        | $                         | 532,751              |      |                   |        |  |                |   |                      | $ | 458,898           |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |       
|Net interest income                                                              |                        |                           |                      |      | $                 | 7,110  |  |                |   |                      |   |                   |  | $ | 7,375  |  |      |  
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |       
|Interest-rate spread (4)                                                         |                        |                           |                      |      |                   |        |  | 2.75           | % |                      |   |                   |  |   |        |  | 3.21 | %
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |       
|Net interest margin (5)                                                          |                        |                           |                      |      |                   |        |  | 2.94           | % |                      |   |                   |  |   |        |  | 3.52 | %
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |       
|Ratio of average interest-earning assets to average interest-bearing liabilities |                        |                           | 1.08                 |      |                   |        |  |                |   |                      |   | 1.10              |  |   |        |  |      |  
|                                                                                 |                        |                           |                      |      |                   |        |  |                |   |                      |   |                   |  |   |        |  |      |  



|(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, 2009 and 2008

General. First Community Bank Corporation of America reported a net loss for the second quarter ended June 30, 2009 of $(281,000) compared to net earnings of $158,000 for the same period in 2008.
The decline in earnings reflected increased credit losses.

The Company recorded a net loss available to common stockholders, after preferred stock
dividend and amortization of preferred discount, for the quarter ended June 30, 2009 of $(416,000) or $(0.10) basic per share, compared to net earnings of $158,000 or $0.04 basic per share for the same period in 2008.

The second quarter 2009 results included a $1,337,000 charge to provision for loan losses compared to $713,000 for the period in 2008. The increased loan loss provision
was due to increased levels of delinquencies resulting from a continued weakness in the local economy.

Net Interest Income. Interest income
decreased to $6.5 million during the three months ended June 30, 2009, from $6.8 million in 2008. Interest on loans for the three months ended June 30, 2009 decreased to $6.0 million from $6.3 million for the three months ended
June 30, 2008. This decrease was due to a decrease in the average yield earned to 5.72% for the three months ended June 30, 2009 from 6.64% for the three months ended June 30, 2008. Interest on securities increased to $550,000 during
the three months ended June 30, 2009 from $344,000 for the three months ended June 30, 2008. The increase in interest income on securities was due to an increase in the average balance of securities from $27.7 million in 2008 to $52.6
million in 2009. This increase was partially offset by a decrease in the average yield earned from 4.96% in 2008 to 4.18% in 2009.

Interest expense on
interest-bearing deposit accounts decreased to $2.6 million during the three months ended June 30, 2009, compared to $2.7 million during the three months ended June 30, 2008. The decrease was due to a decrease in the rate paid to 2.46%
during the three months ended June 30, 2009 from 3.34% during the three months ended June 30, 2008. Interest expense on other borrowings decreased to $354,000 during the three months ended June 30, 2009, compared to $477,000 during
the three months ended June 30, 2008. The decrease was due to a decrease in the average balance of other borrowings to $40.6 million in 2009 from $56.4 million in 2008. The average rate paid on other borrowings increased to 3.49% during the
three months ended June 30, 2009 compared to 3.38% during the three months ended June 30, 2008.

Provision for Loan Losses.Provisions for loan losses are based on our review of the historical loan loss experience and such factors which, in managements judgment, deserve consideration under existing economic conditions in estimating probable credit losses.
The allowance is based on ongoing assessments of the estimated losses inherent in the loan portfolio. Our methodology for assessing the appropriate allowance level consists of several key elements described below.

Larger commercial loans that exhibit probable or observed credit weaknesses are subject to individual review. Where appropriate, the allowance is allocated to individual
loans based on our estimate of the borrowers ability to repay the loan given the availability of collateral, other sources of cash flows and available legal options. Included in the review of individual loans are those that are impaired.
Specific allowances for impaired loans are measured based on the fair value of the underlying collateral. The collectability of both principal and interest is evaluated when assessing the allowance.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Comparison of the Three-Month Periods Ended June 30, 2009 and 2008



Provision for Loan Losses, Continued.Homogenous loans, such as installment and residential
mortgage loans, are not individually reviewed by management. The allowance is established for each pool of loans based on the expected net charge-offs. Loss rates are based on the average net charge-off history by loan category.

Historical loss rates are adjusted for significant factors that, in managements judgment, reflect the impact of any current conditions on loss recognition. Factors
which management considers in the analysis include the effects of the local economy, trends in the nature and volume of loans (delinquencies, charge-offs, nonaccrual and problem loans), changes in the internal lending policies and credit standards,
collection practices, and examination results from bank regulatory agencies and our internal credit review function. The allowance relating to individual loans and historical loss rates are reviewed throughout the year and adjusted as necessary
based on changing borrower and collateral conditions and actual collection and charge-off experience.

During 2007, we changed our overall approach in the
determination of the allowances for loan losses. A new methodology was created to be in compliance with the guidance issued by the federal agencies in December of 2006. This methodology incorporated the calculation of loans considered impaired under
FAS 114 and allocations for performing portfolio categories based on applying historical charge off data for loans categorized by similar risk characteristics based on the Companys experience as per FAS 5.

The provision for loan losses was $1,337,000 for the three months ended June 30, 2009 compared to $713,000 for the three months ended June 30, 2008. Continued
economic weakness, has resulted in increasing levels of nonperforming loans and charge-offs.

The allowance for loan losses is $7.8 million at
June 30, 2009. While management believes that its allowance for loan losses is adequate as of June 30, 2009, 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 increased to $480,000 in 2009 from
$448,000 for the three- months ended June 30, 2008. The increase was primarily due to a $53,000 gain on the sale of foreclosed real estate.

Noninterest Expenses. Total noninterest expenses increased to $3.2 million for the three months ended June 30, 2009 from $3.1 million for the comparable period ended June 30, 2008. The increase was primarily due to a
$365,000 increase in insurance premiums including special FDIC assessment of $251,000 during the second quarter of 2009.

Income Taxes
(Benefit). Income taxes (benefit) for the three months ended June 30, 2009 was $(230,000) compared to $29,000 for the period ending June 30, 2008. The Company continues to recognize a net deferred tax asset because based on current
operations and managements forecast of future earnings. Management believes it is more likely than not that the asset will be realized in the future.



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Comparison of the Six-Month Periods Ended June 30, 2009 and 2008

General.For the six-month period ended June 30, 2009, First Community reported a net loss of $(212,000) compared to net earnings of $707,000 for the same period in 2008. The decline in earnings
reflected increased credit losses.

For the six month period ended June 30, 2009, the Company recorded a net loss applicable to common stockholders of
$(496,000) or $(0.12) basic per share, compared to net earnings of $707,000 or $0.17 basic per share for the same period in 2008. For the first six months, provision for loan losses was $2,032,000 in 2009 compared to $893,000 in 2008. The increased
loan loss provision was due to increased levels of delinquencies resulting from a continued weakness in the local economy.

Net Interest
Income. Interest income decreased to $13.0 million during the six months ended June 30, 2009, from $13.8 million in 2008. Interest on loans for the six months ended June 30, 2009 decreased to $12.0 million from $13.0 million for
the six months ended June 30, 2008. The decrease in interest on loans reflected the impact of rapidly declining interest rates during the end of 2008 and the first half of 2009 as well as increases in nonperforming loans. The average yield
earned on loans declined to 5.79% from 6.77% for the same period in 2008. The average balance of loans was $413.6 million during the six months ended June 30, 2009 compared to $384.8 million during the six months ended June 30, 2008.
Interest on securities increased to $1.0 million during the six months ended June 30, 2009, from $591,000 for the six months ended June 30, 2008. The increase in interest income on securities was due to an increase in the average balance
of securities from $24.1 million in 2008 to $47.7 million in 2009. The average yield on securities earned decreased from 4.90% in 2008 to 4.32% in 2009.

Interest expense on interest-bearing deposit accounts decreased to $5.2 million during the six months ended June 30, 2009, compared to $5.5 million during the six months ended June 30, 2008. The decrease was due to a decrease in
the rate paid to 2.58% during the six months ended June 30, 2009 from 3.39% during the six months ended June 30, 2008. The average balance of interest bearing deposits increased to $404.2 million in 2009 from $324.1 million in 2008.
Interest expense on other borrowings decreased to $716,000 during the six months ended June 30, 2009, compared to $980,000 during the six months ended June 30, 2008. The decrease was due to a decrease in the average balance of other
borrowings to $43.0 million in 2009 from $55.9 million in 2008. The average rate paid on other borrowings declined to 3.33% during the six months ended June 30, 2009 compared to 3.50% during the six months ended June 30, 2008.

Provision for Loan Losses.Provisions for loan losses are based on our review of the historical loan loss experience and such factors which, in
managements judgment, deserve consideration under existing economic conditions in estimating probable credit losses. The allowance is based on ongoing assessments of the estimated losses in the loan portfolio. Our methodology for assessing the
appropriate allowance level consists of several key elements described below.

Larger commercial loans that exhibit probable or observed credit weaknesses
are subject to individual review. Where appropriate, the allowance is allocated to individual loans based on our estimate of the borrowers ability to repay the loan given the availability of collateral, other sources of cash flows and
available legal options. Included in the review of individual loans are those that are impaired. Specific allowance for impaired loans are measured based on the fair value of the underlying collateral less selling costs. The collectability of both
principal and interest is evaluated when assessing the allowance. Historical loss rates are applied to other commercial loans not subject to specific allocations.



25



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FIRST COMMUNITY BANK CORPORATION OF AMERICA AND SUBSIDIARIES

Comparison of the Six-Month Periods Ended June 30, 2009 and 2008



Provision for Loan Losses, Continued.Homogenous loans, such as installment and residential mortgage
loans, are not individually reviewed by management. The allowance is established for each pool of loans based on the expected net charge-offs. Loss rates are based on the average net charge-off history by loan category.

Historical loss rates are adjusted for significant factors that, in managements judgment, reflect the impact of any current conditions on loss recognition. Factors
which management considers in the analysis include the effects of the local economy, trends in the nature and volume of loans (delinquencies, charge-offs, nonaccrual and problem loans), changes in the internal lending policies and credit standards,
collection practices, and examination results from bank regulatory agencies and our internal credit review function. The allowance relating to individual loans and historical loss rates are reviewed throughout the year and adjusted as necessary
based on changing borrower and collateral conditions and actual collection and charge-off experience.

During 2007, we changed our overall approach in the
determination of the allowances for loan losses. A new methodology was created to be in compliance with the guidance issued by the federal agencies in December of 2006. This methodology incorporated the calculation of loans considered impaired under
FAS 114 and allocations for performing portfolio categories based on applying historical charge off data for loans categorized by similar risk characteristics based on the Companys experience as per FAS 5.

The provision for loan losses was $2,032,000 for the six months ended June 30, 2009 compared to $893,000 for the six months ended June 30, 2008. Continued
economic weakness has resulted in increasing levels of nonperforming loans and charge-offs.

The allowance for loan losses is $7.8 million at June 30,
2009. While management believes that its allowance for loan losses is adequate as of June 30, 2009, 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 increased to $858,000 in 2009 from $842,000 for
the six months ended June 30, 2008. The increase was primarily due to a $53,000 gain on the sale of foreclosed real estate.

Noninterest
Expenses. Total noninterest expenses increased to $6.4 million for the six months ended June 30, 2009 from $6.3 million for the comparable period ended June 30, 2008. The increase was primarily due to a $275,000 increase in
insurance premiums including special FDIC assessment of $251,000 during the second quarter of 2009.

Income Taxes (Benefit). Income taxes
(benefit) for the six months ended June 30, 2009 was $(236,000) compared to $282,000 for the period ending June 30, 2008. The Company continues to recognize a net deferred tax asset because based on current operations and managements
forecast of future earnings. Management believes it is more likely than not that the asset will be realized in the future.



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##### Table of Contents

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. The Company is managing through the impact of
recent declining interest rates and the subsequent pressure on spreads.

Item 4T. 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, 2008.



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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 18, 2009, to
consider the election of eight directors with terms expiring at the Annual Meeting in 2010, to fix the number of directors to serve on the board for the ensuing year at eleven, an advisory vote on the compensation of named executive officers, 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 3,279,421 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        |  | 2010         |  | 3,234,384 |  |        |  | 45,037 
|                   |  |              |  |           |  |         |  |        
|Kenneth P. Cherven |  | 2010         |  | 3,257,785 |  |        |  | 21,636 
|                   |  |              |  |           |  |         |  |        
|Kenneth Delarbre   |  | 2010         |  | 3,225,602 |  |        |  | 53,819 
|                   |  |              |  |           |  |         |  |        
|Kenneth F. Faliero |  | 2010         |  | 3,240,280 |  |        |  | 39,141 
|                   |  |              |  |           |  |         |  |        
|James Macaluso     |  | 2010         |  | 3,236,862 |  |        |  | 42,559 
|                   |  |              |  |           |  |         |  |        
|David K. Meehan    |  | 2010         |  | 3,236,967 |  |        |  | 42,454 
|                   |  |              |  |           |  |         |  |        
|Robert G. Menke    |  | 2010         |  | 3,234,290 |  |        |  | 45,131 
|                   |  |              |  |           |  |         |  |        
|Robert M. Menke    |  | 2010         |  | 3,237,592 |  |        |  | 41,829 
|                   |  |              |  |           |  |         |  |        

The shareholders voted on three other matters-



|                                                                 |  |           |  |         |  |        
|---------------------------------------------------------------- |  | --------- |  | ------- |  | -------
|                                                                 |  | For       |  | Against |  | Abstain
|                                                                 |  |           | 
|Fix the number of directors to serve on the board                |  | 3,230,787 |  | 37,993  |  | 10,641 
|                                                                 |  |           |  |         |  |        
|                                                                 |  |           | 
|An advisory vote on the compensation of named executive officers |  | 3,220,168 |  | 50,591  |  | 8,662  
|                                                                 |  |           |  |         |  |        
|                                                                 |  |           | 
|Solicit additional proxies if needed                             |  | 3,194,323 |  | 47,264  |  | 37,834 
|                                                                 |  |           |  |         |  |        



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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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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 14, 2009 |  |  |  | By:                                         |  | /s/ Kenneth P. Cherven                                   
|                         |  |  |  |                                             |  | Kenneth P. Cherven, President and Chief Executive Officer
|                         |  |  | 
|Date:    August 14, 2009 |  |  |  | By:                                         |  | /s/ Stan B. McClelland                                   
|                         |  |  |  |                                             |  | Stan B. McClelland, Chief Financial Officer              



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