Bank of South Carolina Corp. (BKSC) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments140,11248,32649,09431,83232,52026,24229,195
Cash and cash equivalents140,11248,32649,09431,83232,52026,24229,195
Total current assets:140,11248,32649,09431,83232,52026,24229,195
Noncurrent Assets
Operating lease, right-of-use asset14,04212,73013,209
Property, plant and equipment3,7834,0544,2902,3352,2452,2972,289
Total noncurrent assets:17,82516,78417,5002,3352,2452,2972,289
Other undisclosed assets521,284467,385378,418394,968411,802385,411367,688
TOTAL ASSETS:679,221532,495445,013429,135446,566413,950399,173
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt     11,874
Total current liabilities:     11,874
Noncurrent Liabilities
Other undisclosed liabilities625,303477,514393,844383,673403,802373,336358,147
Total liabilities:625,303477,514393,844383,673403,802373,337360,021
Stockholders' equity
Stockholders' equity attributable to parent53,91854,98051,16845,46342,76540,61339,152
Treasury stock, value(2,817)(2,788)(2,325)(2,268)(2,247)(2,247)(2,247)
Additional paid in capital47,74547,40547,13146,85837,23736,82436,342
Accumulated other comprehensive income (loss)(2,133)1,670483(1,777)(696)(607)993
Retained earnings11,1238,6945,8792,6508,4726,6434,065
Total stockholders' equity:53,91854,98051,16845,46342,76540,61339,152
TOTAL LIABILITIES AND EQUITY:679,221532,495445,013429,135446,566413,950399,173

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues17,81817,24018,91218,13718,39217,77617,280
Net investment income17,55117,24018,91218,13716,16915,29614,230
Financial services revenue2,2232,4803,050
Cost of revenue(120)(240)(180)(325)(55)(570)(193)
Provision for loan, lease, and other losses(120)(240)(180)(325)
Financial services costs(55)(570)(193)
Gross profit:17,69817,00018,73217,81218,33717,20617,087
Operating expenses(4,324)(4,038)(3,416)(4,039)(9,649)(9,679)(8,958)
Operating income:13,37412,96115,31613,7738,6877,5278,129
Nonoperating income (expense)
(losses on Sales of Other Real Estate)
   (33)   
Interest and debt expense(174)(305)(815)(694)(424)(379)(402)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (547)(213)(555)
Income from continuing operations before equity method investments, income taxes:13,20012,65614,50113,0457,7166,9357,172
Other undisclosed loss from continuing operations before income taxes(4,384)(4,230)(5,007)(5,013)   
Income from continuing operations before income taxes:8,8168,4269,4948,0327,7166,9357,172
Income tax expense(2,072)(1,966)(2,175)(1,109)(2,815)(1,688)(2,287)
Net income available to common stockholders, diluted:6,7456,4617,3186,9234,9025,2474,884

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:6,7456,4617,3186,9234,9025,2474,884
Other comprehensive income (loss)(3,803)1,1872,260(706)(277)(1,600)(250)
Comprehensive income, net of tax, attributable to parent:2,9427,6489,5786,2174,6253,6474,634

Statements sources

The financial statements are based on the company's filings with the 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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