secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF SOUTH CAROLINA CORP (BKSC)
CIK:        0001007273
Form:       8-K
Filed at:   2022-10-13T23:59:59+00:00
Accession:  0001564590-22-034150
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007273/000156459022034150/0001564590-22-034150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007273/000156459022034150/bksc-8k_20221013.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-034150

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