Private company
BANK OF SOUTH CAROLINA CORP
BANK OF SOUTH CAROLINA CORP is an American state commercial bank based in Charleston, active since 1987.2
Last updated Oct 21, 2026.
Overview
- IndustryState Commercial Banks2
- HeadquartersCharleston, United States2
- Incorporated inSC3
- Business address256 Meeting St, P O Box 538, Charleston, Sc 294023
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCommercial Bank2
- LEI549300YQ763HO7N3CO682
- StatusActive2
- LEI statusIssued and current2
- Registered address256 Meeting Street, 29401 Charleston, United States2
- Registered withFederal Deposit Insurance Corporation, 269122
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Interest | $378.7K4 | $423.9K5 | $694.4K6 | $815.2K7 | $305.4K8 | $174.0K8 | $301.8K8 | |
| Income before tax | $8.8M8 | $8.6M8 | ||||||
| Income tax | $1.7M4 | $2.8M5 | $1.1M6 | $2.2M7 | $2.0M8 | $2.1M8 | $2.0M8 | |
| Net income | $5.2M4 | $4.9M5 | $6.9M6 | $7.3M7 | $6.5M8 | $6.7M8 | $6.7M8 | |
| Earnings per share | $0.974 | $0.905 | $1.266 | $1.337 | $1.178 | $1.228 | $1.208 | |
| Earnings per share (diluted) | $0.944 | $0.885 | $1.246 | $1.317 | $1.148 | $1.198 | $1.188 | |
| Shares (weighted, basic) | 5.5M shares8 | 5.6M shares8 | ||||||
| Shares (weighted, diluted) | 5.7M shares8 | 5.6M shares8 |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Cash | $26.2M5 | $32.5M5 | $31.8M5 | $49.1M5 | $48.3M8 | $140.1M8 | $27.8M8 | |
| Property, plant and equipment | $3.8M8 | $4.0M8 | ||||||
| Total assets | $413.9M11 | $446.6M4 | $429.1M5 | $445.0M6 | $532.5M7 | $679.2M8 | $653.3M8 | |
| Total liabilities | $373.3M11 | $403.8M4 | $383.7M5 | $393.8M6 | $477.5M7 | $625.3M8 | $614.5M8 | |
| Retained earnings | $11.1M8 | $14.0M8 | ||||||
| Shareholders’ equity | $40.6M5 | $42.8M6 | $45.5M7 | $51.2M8 | $55.0M8 | $53.9M8 | $38.8M8 | |
| Shares outstanding | 5.0M shares11 | 5.5M shares4 | 5.5M shares5 | 5.5M shares6 | 5.5M shares7 | 5.5M shares8 | 5.6M shares8 | 5.6M shares8 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $6.0M4 | $8.2M5 | $9.3M6 | $4.4M7 | $292.0K8 | $17.5M8 | $9.5M8 | |
| Depreciation and amortization | $412.9K8 | $359.3K8 | ||||||
| Stock-based compensation | $103.0K8 | $121.7K8 | ||||||
| Capital spending | $196.6K4 | $141.2K5 | $287.0K6 | $2.2M7 | $184.1K8 | $142.3K8 | $564.9K8 | |
| Free cash flow | $5.8M | $8.0M | $9.0M | $2.3M | $107.8K | $17.3M | $8.9M | |
| Cash from investing | -$68.6M8 | -$107.7M8 | ||||||
| Dividends paid | $2.6M4 | $2.8M5 | $3.7M6 | $4.0M7 | $3.6M8 | $4.3M8 | $3.8M8 | |
| Share buybacks | $398.9K8 | |||||||
| Cash from financing | $142.9M8 | -$14.1M8 | ||||||
| Dividend per share | $0.544 | $0.585 | $0.706 | $0.747 | $0.668 | $0.788 | $0.688 |
Corporate structure
BANK OF SOUTH CAROLINA CORP is part of a group headed by Bank of South Carolina Corporation. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
- Bank of South Carolina Corporation Charleston, South Carolina, United States
- BANK OF SOUTH CAROLINA CORP Charleston, South Carolina, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.
What it owns
What BANK OF SOUTH CAROLINA CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $10.2M8 Dec 31, 2022 | $9.6M8 Dec 31, 2021 | +5.9% |
| Accumulated depreciation | $6.2M8 Dec 31, 2022 | $5.8M8 Dec 31, 2021 | +6.3% |
| Property and equipment, net | $4.0M8 Dec 31, 2022 | $3.8M8 Dec 31, 2021 | +5.4% |
| Operating-lease assets (leased space) | $13.4M8 Dec 31, 2022 | $14.0M8 Dec 31, 2021 | −4.3% |
Investments
Leadership
Who has led BANK OF SOUTH CAROLINA CORP, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerC. Hugh Lane Jr. Jan 5, 2006 to Feb 10, 201212
- ChairC. Hugh Lane Jr. May 1, 2012 to Aug 31, 202313
- PresidentFleetwood S. Hassell May 1, 2012 to Sep 27, 202314
- PresidentC. Hugh Lane Jr. Jan 5, 2006 to Feb 10, 201212
- Chief financial officerEugene H. Walpole Iv. Apr 7, 2016 to May 15, 201915
- Chief financial officerSheryl G. Sharry Apr 16, 2010 to Jul 28, 201616
- Chief operating officerSusanne King Boyd Feb 3, 2016 to Feb 21, 201917
Board members and other officers (32)
- Executive Vice PresidentEugene H. Walpole Iv. Jan 31, 2023 to Sep 27, 202318
- Cheif Operating OfficerSusanne King Boyd Nov 9, 2015 to Aug 4, 202319
- Executive Vice PresidentDouglas H. Sass Apr 17, 2012 to Sep 27, 202320
- Senior Vice PresidentSheryl G. Sharry Jan 4, 2010 to Feb 25, 201021
- Executive Vice PresidentFleetwood S. Hassell Feb 13, 2006 to Feb 10, 201222
- Executive Vice PresidentWilliam L. Hiott Jr. Feb 13, 2006 to Feb 25, 201023
- SecretaryRichard W. Hutson Jr. May 15, 2006 to Mar 26, 202024
- Board memberEugene H. Walpole Iv. Jun 4, 2019 to Sep 27, 202325
- Board memberSusanne King Boyd Jun 28, 2019 to Aug 4, 202326
- Board memberElizabeth M. Hagood Apr 9, 2013 to Mar 26, 202027
- Board memberDouglas H. Sass Oct 7, 2013 to Sep 27, 202328
- Board memberSheryl G. Sharry Apr 16, 2010 to Sep 27, 202316
- Board memberDavid R. Schools Apr 14, 2009 to Feb 22, 201629
- Board memberDavid W. Bunch Apr 14, 2009 to May 1, 202030
- Board memberGlen B. Haynes Apr 10, 2007 to Apr 16, 201431
- Board memberC. Hugh Lane Jr. Jan 5, 2006 to Feb 10, 201212
- Board memberT. Dean Harton Feb 13, 2006 to Mar 21, 200832
- Board memberWilliam L. Hiott Jr. Feb 13, 2006 to Mar 26, 202023
- Board memberThomas C. Stevenson Iii. Feb 23, 2006 to Feb 15, 201133
- Board memberFleetwood S. Hassell Apr 11, 2006 to Sep 27, 202334
- Board memberAlan I. Nussbaum May 8, 2006 to May 23, 201735
- Board memberC. Ronald Coward May 15, 2006 to Jun 12, 200936
- Board memberCharles G. Lane May 15, 2006 to Sep 19, 202337
- Board memberEdmund Rhett Jr. May 15, 2006 to Feb 14, 201938
- Board memberJohn Mercier Tupper May 15, 2006 to Aug 18, 200639
- Board memberKatherine M. Huger May 15, 2006 to Oct 7, 201340
- Board memberLinda Jacobsen Bradley May 15, 2006 to Feb 14, 201941
- Board memberLouise J. Maybank May 15, 2006 to Oct 7, 201342
- Board memberM. Eubank Graham Jr. May 15, 2006 to Oct 3, 201343
- Board memberMalcolm M. Rhodes May 15, 2006 to May 29, 201544
- Board memberRichard W. Hutson Jr. May 15, 2006 to Mar 26, 202024
- Board memberSteve D. Swanson May 15, 2006 to Jan 22, 201445
Subsidiaries and ownership
Parent company (GLEIF)
Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.
Timeline
- Sep 28, 20238-K Other events46
- Aug 24, 20238-K Listing notice or transfer47
- Jul 13, 20238-K Results of operations48
- Jun 22, 20238-K Other events49
- May 25, 20238-K Other events50
- Apr 11, 20238-K Results of operations; Shareholder vote51
- Mar 23, 20238-K Other events52
- Jan 26, 20238-K Executive or director change53
- Jan 12, 20238-K Results of operations54
- Dec 15, 20228-K Other events55
- Oct 13, 20228-K Results of operations56
- Sep 22, 20228-K Other events57
- Jan 29, 2018Parent Directly consolidated by Bank of South Carolina Corporation2
- Jan 5, 2006New chief executive C. Hugh Lane Jr. becomes CEO12
- Feb 26, 1987Founded BANK OF SOUTH CAROLINA CORP is founded2
Calendar
When it reported results
- Jul 13, 2023Reported quarterly or annual results48
- Apr 11, 2023Reported quarterly or annual results51
- Jan 12, 2023Reported quarterly or annual results54
- Oct 13, 2022Reported quarterly or annual results56
- Jul 14, 2022Reported quarterly or annual results58
- Apr 13, 2022Reported quarterly or annual results59
- Jan 13, 2022Reported quarterly or annual results60
- Oct 14, 2021Reported quarterly or annual results61
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
135 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 19 major events, 101 insider forms, 7 other. The latest 20:
- Oct 6, 202315-12G/A EDGAR
- Oct 6, 2023S-8 POS EDGAR
- Oct 6, 2023S-8 POS EDGAR
- Sep 28, 20238-K EDGAR
- Sep 27, 20234 EDGAR
- Sep 27, 20234 EDGAR
- Sep 27, 20234 EDGAR
- Sep 27, 20234 EDGAR
- Sep 19, 20234 EDGAR
- Sep 18, 20234 EDGAR
- Sep 18, 20234 EDGAR
- Sep 18, 20234 EDGAR
- Sep 15, 202315-12G EDGAR
- Sep 8, 20234 EDGAR
- Sep 5, 202325 EDGAR
- Aug 31, 20234 EDGAR
- Aug 31, 20234 EDGAR
- Aug 25, 20234 EDGAR
- Aug 24, 20238-K EDGAR
- Aug 8, 20234 EDGAR
The 135 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
30 open-market trades by officers, directors and large owners since October 2021: 30 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 26, 2023 | SASS DOUGLAS HExecutive Vice President | Buy | 2,500 | $10.75 | $26.9K | Form 4 |
| Sep 26, 2023 | Sharry Sheryl GDirector | Buy | 2,500 | $10.75 | $26.9K | Form 4 |
| Sep 26, 2023 | Hassell Fleetwood SPresident | Buy | 2,500 | $10.75 | $26.9K | Form 4 |
| Sep 26, 2023 | Walpole Eugene H IVExecutive Vice President | Buy | 2,500 | $10.75 | $26.9K | Form 4 |
| Sep 18, 2023 | Hassell Fleetwood SPresident | Buy | 21,000 | $10.07 | $211.6K | Form 4 |
| Sep 18, 2023 | LANE CHARLES GDirector | Buy | 21,000 | $10.07 | $211.6K | Form 4 |
| Sep 18, 2023 | SASS DOUGLAS HExecutive Vice President | Buy | 900 | $11.99 | $10.8K | Form 4 |
| Sep 18, 2023 | Walpole Eugene H IVExecutive Vice President | Buy | 200 | $9.73 | $1.9K | Form 4 |
| Sep 15, 2023 | Walpole Eugene H IVExecutive Vice President | Buy | 285 | $10.68 | $3.0K | Form 4 |
| Sep 7, 2023 | SASS DOUGLAS HExecutive Vice President | Buy | 100 | $12.00 | $1.2K | Form 4 |
| Aug 30, 2023 | LANE CHARLES GDirector | Buy | 1,000 | $11.99 | $12.0K | Form 4 |
| Aug 30, 2023 | Lane Hugh C JrChairman of the Board | Buy | 5,000 | $11.99 | $60.0K | Form 4 |
| Aug 24, 2023 | Walpole Eugene H IVExecutive Vice President | Buy | 133 | $11.28 | $1.5K | Form 4 |
| May 5, 2023 | SASS DOUGLAS HExecutive Vice President | Buy | 1,000 | $14.00 | $14.0K | Form 4 |
| Mar 17, 2023 | SASS DOUGLAS HExecutive Vice President | Buy | 150 | $15.25 | $2.3K | Form 4 |
| Mar 17, 2023 | Sharry Sheryl GDirector | Buy | 3,091 | $15.19 | $47.0K | Form 4 |
| Mar 17, 2023 | SASS DOUGLAS HExecutive Vice President | Buy | 3,091 | $15.19 | $47.0K | Form 4 |
| Mar 17, 2023 | Walpole Eugene H IVExecutive Vice President | Buy | 3,091 | $15.19 | $47.0K | Form 4 |
| Mar 17, 2023 | Hassell Fleetwood SPresident | Buy | 3,091 | $15.19 | $47.0K | Form 4 |
| Mar 16, 2023 | Sharry Sheryl GDirector | Buy | 2,909 | $15.07 | $43.8K | Form 4 |
All 30 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
SEC filer profile
How BANK OF SOUTH CAROLINA CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBANK OF SOUTH CAROLINA CORP1
- CIK0001007273
- Employer ID (EIN)57-10213551
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inSouth Carolina1
- Fiscal year endsDecember 311
- Industry code (SIC)6022 State Commercial Banks1
- Business address256 Meeting St, P O Box 538, Charleston, SC 294021
- Mailing address256 Meeting Street, Charleston, SC 294021
- Phone803 724 15001
- Shares outstanding5,547,439 as of Jul 28, 202310
- Public float$70.8M as of Jun 30, 20228
- On EDGAR sinceMay 14, 19961
- Filings1,661 in all: 4 (1,279), 8-K (181), 10-Q (47), 10QSB (36), DEF 14A (24), 4/A (17), 10-K (15), 3 (13)1
All 29 form types
10KSB (12), 3/A (4), 5 (4), UPLOAD (3), 10-K/A (2), 10-Q/A (2), 425 (2), 5/A (2), 8-K/A (2), CORRESP (2), S-8 (2), S-8 POS (2), SC 13G/A (2), 10KSB/A (1), 15-12G (1), 15-12G/A (1), 25 (1), NT 10-Q (1), RW (1), S-3 (1), SC 13G (1)
- Latest filingsAnnual report (10-K) Mar 2, 2023
Quarterly report (10-Q) Aug 4, 2023
Proxy statement (DEF 14A) Mar 2, 2023
Latest 8-K (8-K) Sep 28, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13SEC EDGARC. Hugh Lane Jr., Chair
- 14SEC EDGARFleetwood S. Hassell, President
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24SEC EDGARRichard W. Hutson Jr., Secretary
- 25SEC EDGAREugene H. Walpole Iv., Board member
- 26SEC EDGARSusanne King Boyd, Board member
- 27SEC EDGARElizabeth M. Hagood, Board member
- 28SEC EDGARDouglas H. Sass, Board member
- 29SEC EDGARDavid R. Schools, Board member
- 30SEC EDGARDavid W. Bunch, Board member
- 31SEC EDGARGlen B. Haynes, Board member
- 32SEC EDGART. Dean Harton, Board member
- 33
- 34SEC EDGARFleetwood S. Hassell, Board member
- 35SEC EDGARAlan I. Nussbaum, Board member
- 36SEC EDGARC. Ronald Coward, Board member
- 37SEC EDGARCharles G. Lane, Board member
- 38SEC EDGAREdmund Rhett Jr., Board member
- 39SEC EDGARJohn Mercier Tupper, Board member
- 40SEC EDGARKatherine M. Huger, Board member
- 41SEC EDGARLinda Jacobsen Bradley, Board member
- 42SEC EDGARLouise J. Maybank, Board member
- 43SEC EDGARM. Eubank Graham Jr., Board member
- 44SEC EDGARMalcolm M. Rhodes, Board member
- 45SEC EDGARSteve D. Swanson, Board member
- 46SEC EDGAROther events
- 47SEC EDGARListing notice or transfer
- 48SEC EDGARResults of operations
- 49SEC EDGAROther events
- 50SEC EDGAROther events
- 51
- 52SEC EDGAROther events
- 53SEC EDGARExecutive or director change
- 54SEC EDGARResults of operations
- 55SEC EDGAROther events
- 56SEC EDGARResults of operations
- 57SEC EDGAROther events
- 58
- 59
- 60
- 61