Bank of South Carolina Corporation (BKSC)

Bank of South Carolina Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	23.85	20.47	15.68	15.29	15.06
Interest Income on Investments	3.12	3.84	3.52	2.27	2.18
Total Interest Income	26.96	24.31	19.2	17.55	17.24
Interest Paid on Deposits	5.73	4.33	0.3	0.17	0.31
Interest Paid on Borrowings	0.67	1.46	-	-	-
Total Interest Expense	6.4	5.79	0.3	0.17	0.31
Net Interest Income	20.56	18.52	18.9	17.38	16.93
Net Interest Income Growth (YoY)	11.03%	-1.99%	8.74%	2.61%	-6.42%
Mortgage Banking Activities	0.45	0.38	0.67	2.31	2.27
Gain (Loss) on Sale of Investments	-0.1	-	0.06	0.27	0.01
Other Non-Interest Income	1.51	1.38	1.33	1.29	1.13
Total Non-Interest Income	1.86	1.76	2.06	3.87	3.4
Non-Interest Income Growth (YoY)	5.56%	-14.54%	-46.62%	13.61%	54.87%
Revenues Before Loan Losses	22.43	20.29	20.96	21.25	20.34
Provision for Loan Losses	0.08	0.05	-0.08	0.12	0.24
Revenue	22.35	20.24	21.04	21.13	20.1
Revenue Growth (YoY)	10.43%	-3.78%	-0.42%	5.10%	-0.08%
Salaries and Employee Benefits	7.98	7.35	6.89	6.79	6.59
Occupancy Expenses	2.87	1.46	1.32	1.29	1.24
Selling, General & Administrative	1.37	3.08	2.88	2.81	2.61
Other Non-Interest Expense	1.39	1.44	1.32	1.42	1.24
Total Non-Interest Expense	13.61	13.33	12.4	12.31	11.67
EBT Excluding Unusual Items	8.74	6.91	8.63	8.82	8.43
Pretax Income	8.74	6.91	8.63	8.82	8.43
Income Tax Expense	1.99	1.42	1.98	2.07	1.97
Net Income	6.75	5.49	6.66	6.74	6.46
Net Income to Common	6.75	5.49	6.66	6.74	6.46
Net Income Growth	22.86%	-17.45%	-1.33%	4.40%	-11.72%
Basic Shares Outstanding	5	6	6	6	6
Diluted Shares Outstanding	6	6	6	6	6
Shares Change (YoY)	-2.13%	-0.33%	-0.63%	0.03%	1.62%
EPS (Basic)	1.24	0.99	1.20	1.22	1.17
EPS (Diluted)	1.23	0.98	1.18	1.19	1.14
EPS Growth	25.51%	-16.95%	-0.84%	4.39%	-12.98%
Dividend Per Share	-	0.680	0.680	0.680	0.660
Dividend Growth	-	-	-	3.03%	3.13%
Effective Tax Rate	22.79%	20.54%	22.91%	23.50%	23.33%

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.