secwatch.observer — SEC 8-K summary
======================================

Issuer:     BANK OF SOUTH CAROLINA CORP (BKSC)
CIK:        0001007273
Form:       8-K
Filed at:   2022-01-13T23:59:59+00:00
Accession:  0001564590-22-001137
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007273/000156459022001137/0001564590-22-001137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007273/000156459022001137/bksc-8k_20220113.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-001137

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer