Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 256 Meeting Street CHARLESTON SC 29401 |
Tel: | N/A |
Website: | https://www.banksc.com |
IR: | See website |
Key People | ||
Hugh C. Lane Chairman of the Board | Eugene H. Walpole President, Chief Executive Officer, Chief Financial Officer, Director | Susanne King Boyd Chief Operating Officer, Executive Vice President, Director |
Douglas Hutson Sass Executive Vice President, Senior Lender Officer, Director | Richard W. Hutson Secretary, Independent Director |
Business Overview |
The Bank of South Carolina (the Bank) operates as a state-chartered independent, community oriented, commercial bank. The Company provides a range of financial services and products to the Charleston, North Charleston metro area, which includes Charleston, Berkeley and Dorchester County. The Bank offers personal banking, business banking and mortgage services. The Bank's personal banking services include checking, savings, certificates of deposit, health savings accounts, individual retirement accounts, VISA CheckCards, eSafe Internet banking, consumer loans, credit cards, personal reserve checking and safe deposit boxes. The Bank offers various business banking services, including eCorp Internet banking, commercial loans, credit cards, wire transfer requests, merchant credit cards services and other. The Bank offers various deposits, including non-interest-bearing demand accounts, negotiable order of withdrawal (NOW) accounts, money market accounts, time deposits and savings accounts. |
Financial Overview |
For the fiscal year ended 31 December 2023, Bank of South Carolina interest income increased 27% to $24.3M. Net interest income after loan loss provision decreased 3% to $18.5M. Net income decreased 17% to $5.5M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. Net income also reflects Provision for loan losses increase from $75K (income) to $45K (expense). |
Employees: | 80 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | N/A |
EBITDA (TTM): | N/A |
Net annual income (TTM): | N/A |
Free cash flow (TTM): | N/A |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 5,462,794 as of Feb 22, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |