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Income StatementBANK OF SOUTH CAROLINA CORPORATION (NASDAQ - BKSC)  
 2014 Y2015 Y2016 Y2017 Y2018 Q2 YTD
Source Document12/31/201612/31/201712/31/201712/31/20176/30/2018
Currency CodeUSDUSDUSDUSDUSD
(in units)     
      
Interest and fee income 
Loans, including fees 11,263,04811,795,30312,851,90013,287,3187,263,738
Taxable securities 1,045,5921,376,4411,297,6361,585,505940,914
Tax-exempt securities 1,059,8831,012,6381,007,4381,026,513403,741
Other 49,73145,566138,623269,811135,483
Total interest and fee income 13,418,25414,229,94815,295,59716,169,1478,743,876
Interest expense 
Deposits 408,266401,463378,733423,857249,527
Short-term borrowings 68193276NA
Total interest expense 408,947402,395378,740423,863249,527
Net interest income 13,009,30713,827,55314,916,85715,745,2848,494,349
Provision for loan losses 82,500192,500570,00055,000130,000
Net interest income after provision for loan losses 12,926,80713,635,05314,346,85715,690,2848,364,349
Other income 
Service charges, fees and commissions 921,638991,0071,061,3491,135,037591,663
Mortgage banking income 1,315,0201,605,6761,387,7401,057,457390,469
Gain on sales of securities 312,577423,832380,90445,8204,735
Other non-interest income 29,46629,44331,09030,15716,174
Total other income 2,578,7013,049,9582,861,0832,268,4711,003,041
Other expense 
Salaries and employee benefits 5,466,4465,859,2036,087,9296,060,8313,149,172
Net occupancy expense 1,473,7001,480,6061,528,0481,571,076805,391
Other operating expenses 2,152,2362,168,3822,639,7762,517,7371,314,649
Net other real estate owned expenses 16,4405,28416,69192,65224,137
Total other expense 9,108,8229,513,47510,272,44410,242,2965,293,349
Income before income tax expense 6,396,6867,171,5366,935,4967,716,4594,074,041
Income tax expense 1,997,8662,287,2481,688,4332,814,634735,454
Net Income 4,398,8204,884,2885,247,0634,901,8253,338,587
Weighted average shares outstanding 
Basic 4,907,2084,912,4994,935,3494,973,6375,339,187
Diluted 5,032,2115,067,0855,054,1145,058,3525,433,360
Basic income per common share 0.90.991.060.990.63
Diluted income per common share 0.870.961.040.970.61
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
Net Income 4,398,8204,884,2885,247,0634,901,8253,338,587
Other comprehensive (loss) income 
Unrealized (loss) gain on securities arising during the period 768,32626,255(2,158,236)(347,066)(1,814,824)
Reclassification adjustment for securities gains realized in net income (312,577)(423,832)(380,904)(45,820)(4,735)
Other comprehensive (loss) income before tax 455,749(397,577)(2,539,140)(392,886)(1,819,559)
Income tax effect related to items of other comprehensive (loss) income before tax (168,627)147,104939,482116,007382,107
Other comprehensive (loss) income after tax 287,122(250,473)(1,599,658)(276,879)(1,437,452)
Total comprehensive income 4,685,9424,633,8153,647,4054,624,9461,901,135


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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