---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-032768"
form_type: "8-K"
ticker: "BKSC"
cik: "0001007273"
company_name: "BANK OF SOUTH CAROLINA CORP"
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T08:33:50.342984+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bank of South Carolina Q2 net income down 17% to $1.28M; EPS $0.23 vs $0.28

## Summary
- Net income $1.28M vs $1.54M YoY; diluted EPS $0.23 vs $0.27.
- Six-month net income $2.87M vs $3.01M, down 4.7%.
- Total assets $648.4M; book value per share $7.67 vs $7.50.
- CEO cites deposit expense pressure from intense competition and higher/longer rates.
- Opened sixth office on James Island; declared quarterly cash dividend; stock repurchase program announced.

## SEC filing metadata
- accession: 0000950170-23-032768
- form_type: 8-K
- ticker: BKSC
- cik: 0001007273
- company_name: BANK OF SOUTH CAROLINA CORP
- filed_at: 2023-07-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1007273/000095017023032768/0000950170-23-032768-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1007273/000095017023032768/bksc-20230713.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-032768
- JSON: https://secwatch.observer/filing/0000950170-23-032768.json
- Plain text: https://secwatch.observer/filing/0000950170-23-032768.txt

## Key facts
- Earnings Releases
  BANK OF SOUTH CAROLINA CORP reported Three months ended June 30, 2023 results: net income $1,277,717, EPS $0.23 basic and diluted.
  - Period: Three months ended June 30, 2023
  - Net income: $1,277,717
  - EPS: $0.23 basic and diluted
  - Result: reported results
  source text: Unaudited earnings of $1,277,717, or $0.23 basic and diluted earnings per share for the quarter ended June 30, 2023 – a decrease of $265,265, or 17.19%, from earnings for the quarter ended June 30, 2022 of $1,542,982, or $0.28 and $0.27 basic and diluted earnings per share, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1007273/000095017023032768/0000950170-23-032768-index.htm
- Earnings Releases
  BANK OF SOUTH CAROLINA CORP reported Six months ended June 30, 2023 results: net income $2,866,496, EPS $0.52 basic, $0.51 diluted.
  - Period: Six months ended June 30, 2023
  - Net income: $2,866,496
  - EPS: $0.52 basic, $0.51 diluted
  - Result: reported results
  source text: Unaudited earnings for the six months ended June 30, 2023 decreased $140,592 or 4.68%, to $2,866,496 compared to $3,007,088 for the six months ended June 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1007273/000095017023032768/0000950170-23-032768-index.htm

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