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Bank Of South Carolina Corporation  (BKSC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $12.5200 $0.00 0.000%
Day's High: $12.52 Week Perf: -0.45 %
Day's Low: $ 12.52 30 Day Perf: -3.1 %
Volume (M): 1 52 Wk High: $ 17.15
Volume (M$): $ 11 52 Wk Avg: $13.49
Open: $12.52 52 Wk Low: $9.52



 Market Capitalization (Millions $) 71
 Shares Outstanding (Millions) 6
 Employees 81
 Revenues (TTM) (Millions $) 21
 Net Income (TTM) (Millions $) 7
 Cash Flow (TTM) (Millions $) -17
 Capital Exp. (TTM) (Millions $) 1

Bank Of South Carolina Corporation

The Bank of South Carolina was organized on October 22, 1986 and opened for business as a state-chartered financial institution on February 26, 1987, in Charleston, South Carolina. The Bank was reorganized into a wholly-owned subsidiary of Bank of South Carolina Corporation (the “Company”), effective April 17, 1995. At the time of the reorganization, each outstanding share of the Bank was exchanged for two shares of Bank of South Carolina Corporation Stock.

The primary economic drivers of our market area are tourism, manufacturing and medical services. In addition, we have one of the busiest container ports in the United States as well as a Boeing plant in North Charleston, SC. In October 2009, Boeing selected a site in North Charleston SC, for a 787 Dreamliner final assembly and delivery line. Boeing South Carolina has added the IT Centers of Excellence, Engineering Design Center, Boeing Research & Technology Center and Propulsion South Carolina to its North Charleston campus and will be adding a painting facility in 2016. Future development in our market area includes both a Volvo and Mercedes plant.

In the underwriting of commercial real estate loans, we generally lend up to the lesser of 80% of the appraised value or the purchase price of the property. We base our decision to lend primarily on the economic viability of the property and the creditworthiness of the borrower. In evaluating a proposed commercial real estate loan, we emphasize the ratio of the property’s projected net cash flow to the loan’s debt service requirement computed after deduction for an appropriate vacancy factor and reasonable expenses. We typically require title insurance, earthquake insurance, casualty insurance, and, if appropriate, flood insurance, in order to protect our security interest in the underlying property.

Commercial credit decisions are based upon our credit assessment of each applicant. We evaluate the applicant’s ability to repay in accordance with the proposed terms of the loan and we assess the risks involved. In addition to evaluating the applicant’s financial statements, we consider the adequacy of the primary and secondary sources of repayment for the loan. Credit agency reports of the applicant’s personal credit history supplement our analysis of the applicant’s creditworthiness. In addition, collateral supporting a secured transaction is analyzed to determine its marketability. Commercial business loans generally have higher interest rates than residential loans of similar duration because they have a higher risk of default with repayment generally depending on the successful operation of the borrower’s business and the sufficiency of any collateral.



   Company Address: 256 Meeting Street Charleston 29401 SC
   Company Phone Number: 724-1500   Stock Exchange / Ticker: NASDAQ BKSC
   BKSC is expected to report next financial results on March 01, 2024.


Customers Net Income fell by BKSC's Customers Net Profit Margin fell to

-27.05 %

14.51 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        0.78% 
CFG   -0.74%    
FCNCA        4.39% 
FITB        1.43% 
MTB        1.17% 
NTRS        2.37% 
• View Complete Report
   



Bank Of South Carolina Corporation

Bank of South Carolina Corporation Thrives as Earnings and Revenue Skyrocket in Latest Fiscal Period

Bank Of South Carolina's (BKSC) financial results have been lackluster compared to its competitors within the financial sector. Although its revenue increased by 3.6% in the first quarter of 2023, year on year, to a cumulative value of $21 million, its revenue per employee was below the average of 478 other companies in the sector. Furthermore, BKSC's overall ranking has deteriorated compared to the previous quarter, signaling a negative trend.
The productivity of BKSC's employees was only slightly above the company average, indicating that the bank may be struggling to optimize its workforce. This lack of efficiency could have a negative impact on the bank's profitability in the long run.






 

Bank Of South Carolina's Segments
 
 
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