---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000688"
form_type: "8-K"
ticker: "BKSC"
cik: "0001007273"
company_name: "BANK OF SOUTH CAROLINA CORP"
filed_at: "2023-01-12T23:59:59+00:00"
generated_at: "2026-06-20T15:47:43.791138+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bank of South Carolina Q4 net income up 17.5% to $1.81M; FY net income down 1.3%

## Summary
- Full year 2022 net income of $6.66M ($1.20 basic EPS) down 1.3% from $6.74M ($1.22) in 2021.
- Q4 2022 net income rose 17.5% to $1.81M ($0.33 basic EPS) from $1.54M ($0.28) in Q4 2021.
- Book value per share fell to $6.99 from $9.73; total assets decreased to $653M from $679M.
- ROA and ROE were 1.01% and 15.26% for 2022 vs 1.14% and 12.30% in 2021.
- CEO cites improved interest spreads but slower mortgage activity; new James Island office to open soon.

## SEC filing metadata
- accession: 0000950170-23-000688
- form_type: 8-K
- ticker: BKSC
- cik: 0001007273
- company_name: BANK OF SOUTH CAROLINA CORP
- filed_at: 2023-01-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1007273/000095017023000688/0000950170-23-000688-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1007273/000095017023000688/bksc-20230112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000688
- JSON: https://secwatch.observer/filing/0000950170-23-000688.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000688.txt

## Key facts
- Earnings Releases
  BANK OF SOUTH CAROLINA CORP reported three months ended December 31, 2022 results: net income $1,807,785, EPS $0.33 basic, $0.32 diluted.
  - Period: three months ended December 31, 2022
  - Net income: $1,807,785
  - EPS: $0.33 basic, $0.32 diluted
  - Result: reported results
  source text: Earnings for the three months ended December 31, 2022 increased $268,616 or 17.45% to $1,807,785 compared to $1,539,169 for the three months ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1007273/000095017023000688/0000950170-23-000688-index.htm
- Earnings Releases
  BANK OF SOUTH CAROLINA CORP reported twelve months ended December 31, 2022 results: net income $6,655,140, EPS $1.20 basic, $1.18 diluted.
  - Period: twelve months ended December 31, 2022
  - Net income: $6,655,140
  - EPS: $1.20 basic, $1.18 diluted
  - Result: reported results
  source text: The Bank of South Carolina Corporation (Nasdaq: BKSC) announced unaudited earnings of $6,655,140 or $1.20 and $1.18 basic and diluted per share, respectively, for the year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1007273/000095017023000688/0000950170-23-000688-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.