Bank of South Carolina Q3 net income up 6.6% to $1.84M; nine-month net income down 6.9%

BANK OF SOUTH CAROLINA CORP

2022-Q3 EPS reported $0.86

Q3 2022 net income $1,840,267 ($0.33 basic/diluted EPS) vs $1,726,937 ($0.31/$0.30) in Q3 2021.
Nine-month net income $4,847,355 ($0.87 basic, $0.86 diluted) down 6.88% from $5,205,696.
Annualized ROA 0.98% and ROE 14.11% for nine months vs 1.23% and 12.64% a year ago.
Book value per share fell to $6.49 from $9.83 due to share repurchases? (not explicit).
President cites higher interest rates offsetting mortgage decline; bank is well capitalized and PPP program closed.

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