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Bank Of South Carolina (BKSC)

The Bank of South Carolina Corporation is the holding company of The Bank of South Carolina ('The Bank'). The Bank is a South Carolina state-chartered bank with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, and the West Ashley community and has been in continuous operation since 1987.

BKSC stock data

Calendar

6 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 69.37M 69.37M 69.37M 69.37M 69.37M 69.37M
Cash burn (monthly) 23.58M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 67.67M n/a n/a n/a n/a n/a
Cash remaining 1.7M n/a n/a n/a n/a n/a
Runway (months of cash) 0.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 May 22 Boyd Susanne King Common Stock Other Acquire J Yes No 18.095 1.56 28.23 179.299
5 May 22 Boyd Susanne King Common Stock Other Acquire J No No 18.095 31.103 562.8 3,959.268
4 May 22 Eugene H IV Walpole Common Stock Other Acquire J Yes No 18.0956 3,045.407 55.11K 6,577.784
4 May 22 Fleetwood S Hassell Common Stock Other Acquire J Yes No 18.0956 3,045.407 55.11K 6,577.784
4 May 22 Douglas H Sass Common Stock Other Acquire J Yes No 18.0956 3,045.407 55.11K 6,577.784
4 May 22 Sheryl G Sharry Common Stock Other Acquire J Yes No 18.0956 3,045.407 55.11K 6,577.784
7.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 23 24 -4.2%
Opened positions 2 3 -33.3%
Closed positions 3 0 NEW
Increased positions 6 6
Reduced positions 6 2 +200.0%
13F shares Current Prev Q Change
Total value 8.01M 9.9M -19.1%
Total shares 429.97K 483.87K -11.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Eqis Capital Management 95.36K $1.78M 0.0%
Vanguard 74.3K $1.38M -50.3%
BAC Bank Of America 43.56K $811K -4.4%
MS Morgan Stanley 28.49K $531K +8.6%
Dimensional Fund Advisors 27.41K $511K +0.4%
HRT Financial 22.18K $413K NEW
NTRS Northern Trust 20.37K $379K -0.2%
Renaissance Technologies 18.88K $352K +23.6%
Geode Capital Management 14.71K $274K +6.9%
Benson Investment Management 14.59K $272K 0.0%
Largest transactions Shares Bought/sold Change
Vanguard 74.3K -75.15K -50.3%
HRT Financial 22.18K +22.18K NEW
Jaffetilchin Investment Partners 0 -17.88K EXIT
C Citigroup 11.89K +11.89K NEW
Renaissance Technologies 18.88K +3.61K +23.6%
MS Morgan Stanley 28.49K +2.26K +8.6%
BAC Bank Of America 43.56K -2.01K -4.4%
Advisor 6.36K +1.74K +37.8%
WFC Wells Fargo & Co. 10.76K +1.21K +12.7%
Valley National Advisers 0 -1.21K EXIT

Financial report summary

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Management Discussion
  • Net income increased $0.2 million or 4.40% to $6.7 million, or basic and diluted income per share of $1.22 and $1.19, respectively, for the year ended December 31, 2021 from $6.5 million or basic and diluted income per share of $1.17 and $1.14, respectively, for the year ended December 31, 2020. This increase was primarily due to higher average earning asset balances coupled with a decline in our cost of funds. Our returns on average assets and average equity for the year ended December 31, 2021 were 1.14% and 12.30%, respectively, compared to 1.29% and 11.96%, respectively, for the year ended December 31, 2020.
  • Net interest income increased $0.5 million or 2.61% to $17.4 million for the year ended December 31, 2021 from $16.9 million for the year ended December 31, 2020. This increase was primarily due to an increase in interest and fees on PPP loans and investment securities. Interest and fees on loans and investment securities increased $0.4 million or 2.35% to $17.1 million for the year ended December 31, 2021 from $16.7 million for the year ended December 31, 2020, as the result of higher balances of average earning assets.
  • Average earning assets increased $86.6 million or 18.01% to $567.1 million for the year ended December 31, 2021 from $480.5 million for the year ended December 31, 2020. This is primarily related to an increase in the average balance of investment securities and interest-bearing deposits at the Federal Reserve and, to a lesser extent, loans. The increase in investment securities and interest-bearing balances at the Federal Reserve reflect the deployment of excess funds resulting from an $85.8 million increase in average deposits during the year.

Content analysis

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Positive
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