secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF SOUTH CAROLINA CORP (BKSC)
CIK:        0001007273
Form:       8-K
Filed at:   2022-04-13T23:59:59+00:00
Accession:  0001104659-22-045167
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of South Carolina Q1 net income falls 19% to $1.46M; EPS $0.26 vs $0.33
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007273/000110465922045167/0001104659-22-045167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007273/000110465922045167/tm2212538d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-045167

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