Bank of South Carolina annual earnings up 4.4% but Q4 net income falls 11.3%

BANK OF SOUTH CAROLINA CORP

2021-FY EPS reported $1.19

Full-year 2021 net income $6.745M ($1.22 basic EPS) vs $6.461M ($1.17) in 2020.
Q4 2021 net income $1.539M ($0.28 basic EPS) vs $1.735M ($0.31) in Q4 2020, down 11.3%.
ROA for 2021 was 1.14% vs 1.28% in 2020; ROE improved to 12.30% from 11.93%.
Book value per share declined to $9.73 from $9.96 at year-end 2020.
CEO notes PPP and mortgage fees offset low interest income; expects rate hikes to help in 2022.

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