secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF SOUTH CAROLINA CORP (BKSC)
CIK:        0001007273
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0000950170-23-012435
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of South Carolina Q1 net income $1.59M, EPS $0.28 diluted, up 8.5% YoY; behind profit plan
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- Net income $1,588,779 vs $1,464,106 a year ago; basic EPS $0.29, diluted EPS $0.28.
- Annualized ROAA 1.00% and ROAE 15.73%, compared with 0.89% and 11.40% in Q1 2022.
- Book value per share $7.84, down from $8.10; total assets $646.8M vs $665.0M.
- President cites intense deposit competition pressuring margins; sixth office opening on James Island later Q2.
- Shareholders elected 18 directors and ratified Elliott Davis as auditor for 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007273/000095017023012435/0000950170-23-012435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007273/000095017023012435/bksc-20230411.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-012435

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer