Bank of South Carolina Corp. (BKSC) Financial Statements (2024 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
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,98527,7729,05442,64769,366140,112
Cash and cash equivalents21,98527,7729,05442,64769,366140,112
Financing receivable, accrued interest, after allowance for credit loss1,800     
Total current assets:23,78527,7729,05442,64769,366140,112
Noncurrent Assets
Operating lease, right-of-use asset13,27513,43413,58613,73813,89014,042
Property, plant and equipment4,0063,9893,7233,7103,7173,783
Total noncurrent assets:17,28117,42217,30917,44817,60717,825
Other undisclosed assets606,296608,152603,767595,370578,020521,284
TOTAL ASSETS:647,362653,346630,130655,465664,993679,221
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt      
Total current liabilities:      
Noncurrent Liabilities
Other undisclosed liabilities603,854614,534594,117613,848620,035625,303
Total liabilities:603,854614,534594,117613,848620,035625,303
Equity
Equity, attributable to parent43,50838,81136,01341,61744,95853,918
Treasury stock, value(2,817)(2,817)(2,817)(2,817)(2,817)(2,817)
Additional paid in capital48,05948,02947,99747,96647,91547,745
Accumulated other comprehensive loss(16,381)(20,402)(22,305)(15,774)(11,782)(2,133)
Retained earnings14,64714,00313,13912,24211,64311,123
Total equity:43,50838,81136,01341,61744,95853,918
TOTAL LIABILITIES AND EQUITY:647,362653,346630,130655,465664,993679,221

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

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
Revenues5,6325,3165,0484,5834,3174,345
Net investment income5,6325,3135,0484,5834,2554,345
Gross profit:5,6325,3165,0484,5834,3174,345
Operating expenses(979)(1,548)(903)(929)(910)(1,548)
Operating income:4,6533,7674,1453,6543,4072,797
Interest and debt expense(931)(190)(38)(38)(37)(38)
Income from continuing operations before equity method investments, income taxes:3,7223,5784,1083,6173,3702,759
Other undisclosed loss from continuing operations before income taxes(1,868)(1,243)(1,722)(1,616)(1,459)(755)
Income from continuing operations before income taxes:1,8552,3352,3862,0011,9112,004
Income tax expense(266)(527)(546)(458)(447)(465)
Income from continuing operations:1,5891,8081,8401,5431,4641,539
Income before gain (loss) on sale of properties:1,8401,5431,4641,539
Net income available to common stockholders, diluted:1,5891,8081,8401,5431,4641,539

Comprehensive Income ($ in thousands)

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
Net income:1,5891,8081,8401,5431,4641,539
Other comprehensive income (loss)4,0211,903(6,532)(3,991)(9,649)(1,194)
Comprehensive income (loss), net of tax, attributable to parent:5,6103,711(4,691)(2,448)(8,185)345

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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