Bank of South Carolina Corp. (BKSC) Financial Statements (2025 and earlier)

Company Profile

Business Address 256 MEETING ST
CHARLESTON, SC 29402
State of Incorp. SC
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,772140,11248,32649,09431,83232,520
Cash and cash equivalent27,772140,11248,32649,09431,83232,520
Financing receivable, accrued interest, after allowance for credit loss   
Total current assets:27,772140,11248,32649,09431,83232,520
Noncurrent Assets
Operating lease, right-of-use asset13,43414,04212,73013,209
Property, plant and equipment3,9893,7834,0544,2902,3352,245
Total noncurrent assets:17,42217,82516,78417,5002,3352,245
Other undisclosed assets608,152521,284467,385378,418394,968411,802
TOTAL ASSETS:653,346679,221532,495445,013429,135446,566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt      
Total current liabilities:      
Noncurrent Liabilities
Other undisclosed liabilities614,534625,303477,514393,844383,673403,802
Total liabilities:614,534625,303477,514393,844383,673403,802
Equity
Equity, attributable to parent38,81153,91854,98051,16845,46342,765
Treasury stock, value(2,817)(2,817)(2,788)(2,325)(2,268)(2,247)
Additional paid in capital48,02947,74547,40547,13146,85837,237
Accumulated other comprehensive income (loss)(20,402)(2,133)1,670483(1,777)(696)
Retained earnings14,00311,1238,6945,8792,6508,472
Total equity:38,81153,91854,98051,16845,46342,765
TOTAL LIABILITIES AND EQUITY:653,346679,221532,495445,013429,135446,566

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues19,26317,81817,24018,91218,13718,392
Net investment income19,19817,55117,24018,91218,13716,169
Cost of revenue  (120)(240)(180)(325)(55)
Provision for loan, lease, and other losses  (120)(240)(180)(325)
Financial services costs(55)
Gross profit:19,26317,69817,00018,73217,81218,337
Operating expenses(4,289)(4,324)(4,038)(3,416)(4,039)(9,649)
Operating income:14,97413,37412,96115,31613,7738,687
Nonoperating income (expense)
(losses on Sales of Other Real Estate)
     (33) 
Interest and debt expense(302)(174)(305)(815)(694)(424)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (547)
Income from continuing operations before equity method investments, income taxes:14,67213,20012,65614,50113,0457,716
Other undisclosed loss from continuing operations before income taxes(6,040)(4,384)(4,230)(5,007)(5,013) 
Income from continuing operations before income taxes:8,6338,8168,4269,4948,0327,716
Income tax expense(1,977)(2,072)(1,966)(2,175)(1,109)(2,815)
Income from continuing operations:6,6556,7456,4617,3186,9234,902
Income before gain (loss) on sale of properties:6,7456,4617,3186,9234,902
Net income available to common stockholders, diluted:6,6556,7456,4617,3186,9234,902

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:6,6556,7456,4617,3186,9234,902
Other comprehensive income (loss)(18,270)(3,803)1,1872,260(706)(277)
Comprehensive income (loss), net of tax, attributable to parent:(11,614)2,9427,6489,5786,2174,625

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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