GrandSouth Bancorporation is a bank holding company with assets of $1.2 billion at September 30, 2022. GrandSouth Bank provides a range of financial services to individuals and small and medium sized businesses. GrandSouth Bank has eight branches in South Carolina, located in Greenville, Fountain Inn, Anderson, Greer, Columbia, Orangeburg, and Charleston.
Company profile
Ticker
GRRB, GRRBP
Exchange
Website
CEO
Mason Y. Garrett
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
571064274
GRRB stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
12 Jan 23
S-8 POS
Registration of securities for employees (post-effective amendment)
12 Jan 23
8-K
Completion of Acquisition or Disposition of Assets
4 Jan 23
8-K
GrandSouth Bancorporation announces cash dividend
21 Dec 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
8-K
Submission of Matters to a Vote of Security Holders
9 Nov 22
8-K
GrandSouth Bancorporation reports third quarter 2022 results
17 Oct 22
DEFM14A
Proxy related to merger
23 Sep 22
425
Business combination disclosure
14 Sep 22
10-Q
2022 Q2
Quarterly report
15 Aug 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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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 | |
---|---|---|
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) | 108.22 mm | 108.22 mm | 108.22 mm | 108.22 mm | 108.22 mm | 108.22 mm |
Cash burn (monthly) | 11.57 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 218.77 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -110.55 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -9.6 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2022
4.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 3 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 7.22 mm |
Total shares | 231.44 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
JCSD Capital | 123.60 k | $3.86 mm |
Banc Funds | 97.89 k | $3.05 mm |
Captrust Financial Advisors | 9.95 k | $310.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jan 23 | Anthony P Morgan | Common Stock | Sale back to company | Dispose D | No | No | 0 | 53,135 | 0.00 | 0 |
1 Jan 23 | Anthony P Morgan | Options to Purchase Common Stock Common Stock | Sale back to company | Dispose D | No | No | 16.55 | 10,000 | 165.50 k | 0 |
1 Jan 23 | Anthony P Morgan | Preferred Stock - Series A Common Stock | Sale back to company | Dispose D | No | No | 0 | 600 | 0.00 | 0 |
1 Jan 23 | James Calhoun Jr. Pruitt | Common Stock | Sale back to company | Dispose D | No | No | 0 | 10,667 | 0.00 | 0 |
1 Jan 23 | James Calhoun Jr. Pruitt | Options to Purchase Common Stock Common Stock | Sale back to company | Dispose D | No | No | 16.55 | 10,000 | 165.50 k | 0 |
1 Jan 23 | Edward M Rast Jr | Common Stock | Sale back to company | Dispose D | No | No | 0 | 1,000 | 0.00 | 0 |
1 Jan 23 | Edward M Rast Jr | Options to Purchase Common Stock Common Stock | Sale back to company | Dispose D | No | No | 16.55 | 10,000 | 165.50 k | 0 |
1 Jan 23 | James B Schwiers | Common Stock | Sale back to company | Dispose D | No | No | 0 | 90,340 | 0.00 | 0 |
1 Jan 23 | James B Schwiers | Options to Purchase Common Stock Common Stock | Sale back to company | Dispose D | No | No | 16.55 | 50,000 | 827.50 k | 0 |
1 Jan 23 | James B Schwiers | Options to Purchase Common Stock Common Stock | Sale back to company | Dispose D | No | No | 14 | 34,183 | 478.56 k | 0 |