secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF SOUTH CAROLINA CORP (BKSC)
CIK:        0001007273
Form:       8-K
Filed at:   2023-01-12T23:59:59+00:00
Accession:  0000950170-23-000688
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007273/000095017023000688/0000950170-23-000688-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007273/000095017023000688/bksc-20230112.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000688

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