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Income StatementBANK OF SOUTH CAROLINA CORPORATION (NASDAQ - BKSC)  
 2015 Y2016 Y2017 Y2018 Y
Source Document12/31/201712/31/201812/31/201812/31/2018
Currency CodeUSDUSDUSDUSD
(in units)    
     
Interest and fee income 
Loans, including fees 11,795,30312,851,90013,287,31815,126,316
Taxable securities 1,376,4411,297,6361,585,5051,872,285
Tax-exempt securities 1,012,6381,007,4381,026,513744,713
Other 45,566138,623269,811393,597
Total interest and fee income 14,229,94815,295,59716,169,14718,136,911
Interest expense 
Deposits 401,463378,740423,863694,386
Short-term borrowings 932NANANA
Total interest expense 402,395378,740423,863694,386
Net interest income 13,827,55314,916,85715,745,28417,442,525
Provision for loan losses 192,500570,00055,000325,000
Net interest income after provision for loan losses 13,635,05314,346,85715,690,28417,117,525
Other income 
Service charges and fees 991,0071,061,3491,135,0371,168,808
Mortgage banking income 1,605,6761,387,7401,057,457786,893
Gain on sales of securities 423,832380,90445,8204,735
Other non-interest income 29,44331,09030,15734,189
Total other income 3,049,9582,861,0832,268,4711,994,625
Other expense 
Salaries and employee benefits 5,859,2036,087,9296,060,8316,488,229
Net occupancy expense 1,480,6061,528,0481,571,0761,580,929
Net other real estate owned expenses 5,28416,69192,65257,613
Other operating expenses 2,168,3822,639,7762,517,7372,953,463
Total other expense 9,513,47510,272,44410,242,29611,080,234
Income before income tax expense 7,171,5366,935,4967,716,4598,031,916
Income tax expense 2,287,2481,688,4332,814,6341,108,982
Net Income 4,884,2885,247,0634,901,8256,922,934
Weighted average shares outstanding 
Basic 4,912,4995,428,8845,471,0015,500,027
Diluted 5,067,0855,561,7395,568,4935,589,012
Basic income per common share 0.990.970.91.26
Diluted income per common share 0.960.940.881.24
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
Net Income 4,884,2885,247,0634,901,8256,922,934
Other comprehensive loss 
Unrealized loss on securities arising during the period 26,255(2,158,236)(347,066)(893,070)
Reclassification adjustment for securities gains realized in net income (423,832)(380,904)(45,820)(4,735)
Other comprehensive loss before tax (397,577)(2,539,140)(392,886)(897,805)
Income tax effect related to items of other comprehensive loss before tax 147,104939,482116,007192,280
Other comprehensive loss after tax (250,473)(1,599,658)(276,879)(705,525)
Total comprehensive income 4,633,8153,647,4054,624,9466,217,409


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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