secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF SOUTH CAROLINA CORP (BKSC)
CIK:        0001007273
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0000950170-23-032768
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007273/000095017023032768/0000950170-23-032768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007273/000095017023032768/bksc-20230713.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-032768

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