---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-045167"
form_type: "8-K"
ticker: "BKSC"
cik: "0001007273"
company_name: "BANK OF SOUTH CAROLINA CORP"
filed_at: "2022-04-13T23:59:59+00:00"
generated_at: "2026-06-26T07:33:27.479128+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 Q1 net income falls 19% to $1.46M; EPS $0.26 vs $0.33

## Summary
- Net income $1.464M, down 19.11% from $1.810M; diluted EPS $0.26 vs $0.32.
- Annualized ROA 0.88% and ROE 11.24% vs 1.37% and 13.26% year ago.
- Book value per share fell to $8.10 from $9.60; total assets grew to $665M.
- President cited lower mortgage fee income, PPP fee decline, thin margins; loan demand improving.
- Annual meeting: all 19 directors re-elected; say-on-pay and auditor ratification passed with 85.15% quorum.

## SEC filing metadata
- accession: 0001104659-22-045167
- form_type: 8-K
- ticker: BKSC
- cik: 0001007273
- company_name: BANK OF SOUTH CAROLINA CORP
- filed_at: 2022-04-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1007273/000110465922045167/0001104659-22-045167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1007273/000110465922045167/tm2212538d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-045167
- JSON: https://secwatch.observer/filing/0001104659-22-045167.json
- Plain text: https://secwatch.observer/filing/0001104659-22-045167.txt

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