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Bank of South Carolina

Nasdaq:BKSC
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BKSC
Nasdaq
$104M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Bank of South Carolina Corporation operates as the holding company for The Bank of South Carolina that provides commercial banking services to individuals, professionals, and small and middle market businesses in South Carolina. The last earnings update was 50 days ago. More info.


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BKSC Share Price and Events
7 Day Returns
2.7%
NasdaqCM:BKSC
0.3%
US Banks
1.4%
US Market
1 Year Returns
-7.8%
NasdaqCM:BKSC
-6.8%
US Banks
4.9%
US Market
BKSC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of South Carolina (BKSC) 2.7% 4% 3.7% -7.8% 30.8% 52.2%
US Banks 0.3% -0.2% 3.6% -6.8% 55.8% 40%
US Market 1.4% 3.8% 3.5% 4.9% 44.8% 40.1%
1 Year Return vs Industry and Market
  • BKSC underperformed the Banks industry which returned -6.8% over the past year.
  • BKSC underperformed the Market in United States of America which returned 4.9% over the past year.
Price Volatility
BKSC
Industry
5yr Volatility vs Market

BKSC Value

 Is Bank of South Carolina undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bank of South Carolina to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bank of South Carolina.

NasdaqCM:BKSC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $7.79 * 12.4%
$0.96
Book Value of Equity per Share Median Book Value from the past 5 years. $7.79
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:BKSC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.59 (1 + (1- 21%) (6.98%))
0.747
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqCM:BKSC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank of South Carolina is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:BKSC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.4% – 7.5%) * $7.79)
$0.38
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.38 / (7.5% - 2.73%)
$7.95
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $7.79 + $7.95
$15.75
NasdaqCM:BKSC Discount to Share Price
Calculation Result
Value per share (USD) From above. $15.75
Current discount Discount to share price of $18.90
= -1 x ($18.90 - $15.75) / $15.75
-20%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bank of South Carolina is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bank of South Carolina's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of South Carolina's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:BKSC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.27
NasdaqCM:BKSC Share Price ** NasdaqCM (2019-06-25) in USD $18.9
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.59x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bank of South Carolina.

NasdaqCM:BKSC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:BKSC Share Price ÷ EPS (both in USD)

= 18.9 ÷ 1.27

14.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of South Carolina is overvalued based on earnings compared to the US Banks industry average.
  • Bank of South Carolina is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Bank of South Carolina's expected growth come at a high price?
Raw Data
NasdaqCM:BKSC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-3.6%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.33x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bank of South Carolina, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bank of South Carolina's assets?
Raw Data
NasdaqCM:BKSC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.58
NasdaqCM:BKSC Share Price * NasdaqCM (2019-06-25) in USD $18.9
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.18x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.79x
NasdaqCM:BKSC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:BKSC Share Price ÷ Book Value per Share (both in USD)

= 18.9 ÷ 8.58

2.2x

* Primary Listing of Bank of South Carolina.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of South Carolina is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Bank of South Carolina's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Bank of South Carolina has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BKSC Future Performance

 How is Bank of South Carolina expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Bank of South Carolina, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank of South Carolina expected to grow at an attractive rate?
  • Bank of South Carolina's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Bank of South Carolina's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare Bank of South Carolina's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:BKSC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:BKSC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -3.6%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:BKSC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:BKSC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 19 9 7
2018-12-31 19 9 7
2018-09-30 19 8 6
2018-06-30 19 6 6
2018-03-31 18 6 5
2017-12-31 18 8 5
2017-09-30 17 7 5
2017-06-30 17 9 5
2017-03-31 17 5 5
2016-12-31 17 6 5
2016-09-30 17 8 5
2016-06-30 17 5 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank of South Carolina's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Bank of South Carolina is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:BKSC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bank of South Carolina Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:BKSC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.27
2018-12-31 1.26
2018-09-30 1.08
2018-06-30 1.04
2018-03-31 0.97
2017-12-31 0.90
2017-09-30 0.98
2017-06-30 0.98
2017-03-31 0.97
2016-12-31 0.97
2016-09-30 0.95
2016-06-30 0.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bank of South Carolina will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bank of South Carolina's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bank of South Carolina has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BKSC Past Performance

  How has Bank of South Carolina performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bank of South Carolina's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bank of South Carolina's year on year earnings growth rate has been positive over the past 5 years.
  • Bank of South Carolina's 1-year earnings growth exceeds its 5-year average (32.4% vs 8.8%)
  • Bank of South Carolina's earnings growth has not exceeded the US Banks industry average in the past year (32.4% vs 40.7%).
Earnings and Revenue History
Bank of South Carolina's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bank of South Carolina Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:BKSC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 19.00 7.00 8.17
2018-12-31 18.76 6.92 8.08
2018-09-30 18.95 5.97 7.97
2018-06-30 18.59 5.63 7.87
2018-03-31 18.32 5.29 7.76
2017-12-31 17.96 4.90 7.64
2017-09-30 17.44 5.37 7.63
2017-06-30 17.38 5.35 7.61
2017-03-31 17.15 5.28 7.58
2016-12-31 17.21 5.25 7.63
2016-09-30 17.18 5.16 7.52
2016-06-30 16.89 4.93 7.48
2016-03-31 16.88 4.88 7.47
2015-12-31 16.69 4.88 7.36
2015-09-30 16.26 4.85 7.30
2015-06-30 16.06 4.79 7.19
2015-03-31 15.69 4.65 7.04
2014-12-31 15.51 4.40 6.95
2014-09-30 15.03 4.18 6.83
2014-06-30 14.82 4.10 6.77
2014-03-31 14.62 4.03 6.70
2013-12-31 14.62 4.08 6.61
2013-09-30 14.65 4.10 6.57
2013-06-30 14.42 3.93 6.51
2013-03-31 14.19 3.77 6.47
2012-12-31 14.00 3.67 6.42
2012-09-30 13.66 3.51 6.30
2012-06-30 13.51 3.55 6.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bank of South Carolina has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank of South Carolina used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank of South Carolina improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bank of South Carolina's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bank of South Carolina has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BKSC Health

 How is Bank of South Carolina's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bank of South Carolina's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bank of South Carolina Company Filings, last reported 2 months ago.

NasdaqCM:BKSC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 47.33 0.00 27.32
2018-12-31 45.46 0.00 31.83
2018-09-30 43.30 0.00 29.76
2018-06-30 43.22 0.00 22.26
2018-03-31 42.62 0.00 34.42
2017-12-31 42.76 0.00 32.52
2017-09-30 43.71 0.00 30.17
2017-06-30 43.05 0.00 32.63
2017-03-31 41.65 0.00 38.28
2016-12-31 40.61 0.00 26.24
2016-09-30 42.06 0.00 21.76
2016-06-30 41.52 0.00 41.71
2016-03-31 40.33 0.00 38.13
2015-12-31 39.15 0.00 29.19
2015-09-30 39.00 0.48 18.98
2015-06-30 37.92 0.48 18.00
2015-03-31 38.02 3.98 25.83
2014-12-31 36.76 6.98 10.38
2014-09-30 35.93 9.68 32.03
2014-06-30 35.88 0.00 28.74
2014-03-31 35.28 0.00 11.25
2013-12-31 34.74 0.00 22.12
2013-09-30 34.43 0.00 31.87
2013-06-30 34.43 0.00 43.15
2013-03-31 34.27 0.00 43.09
2012-12-31 33.93 0.00 30.34
2012-09-30 33.67 0.00 19.68
2012-06-30 33.10 0.00 36.49
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bank of South Carolina has an acceptable proportion of non-loan assets held.
  • Bank of South Carolina's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank of South Carolina are broadly funded by customer deposits.
  • Bank of South Carolina's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Bank of South Carolina has a sufficient allowance for bad loans.
  • Bank of South Carolina has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bank of South Carolina's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bank of South Carolina has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BKSC Dividends

 What is Bank of South Carolina's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.39%
Current annual income from Bank of South Carolina dividends.
If you bought $2,000 of Bank of South Carolina shares you are expected to receive $68 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bank of South Carolina's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Bank of South Carolina's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:BKSC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:BKSC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.640 3.446
2018-12-20 0.600 3.259
2018-09-27 0.600 3.076
2018-06-28 0.600 2.942
2018-05-11 0.560 2.739
2018-03-22 0.546 2.811
2017-12-21 0.546 3.082
2017-09-28 0.546 3.208
2017-06-22 0.509 2.959
2017-03-23 0.509 2.764
2016-12-15 0.509 2.637
2016-09-22 0.509 2.837
2016-06-23 0.473 3.072
2016-03-24 0.473 3.271
2015-12-17 0.473 3.244
2015-09-01 0.473 3.212
2015-06-25 0.430 3.153
2015-03-26 0.430 3.228
2014-12-18 0.430 3.492
2014-09-25 0.430 3.512
2014-06-26 0.430 3.473
2014-03-27 0.430 3.457
2013-12-19 0.430 3.411
2013-09-26 0.430 3.406
2013-06-28 0.397 3.538
2013-03-28 0.397 3.781
2013-03-05 0.397 3.980
2012-11-15 0.397 4.200
2012-09-27 0.364 3.781
2012-06-28 0.364 3.748
2012-03-22 0.364 3.888
2011-12-15 0.364 4.177
2011-09-22 0.364 4.402
2011-08-09 0.331 4.144
2011-06-23 0.330 3.899
2011-05-11 0.331 3.868
2011-03-24 0.330 3.625
2011-03-03 0.331 3.392
2011-01-13 0.331 3.352
2010-11-19 0.330 3.580
2010-11-03 0.331 3.789
2010-10-08 0.331 3.793
2010-09-27 0.330 3.775
2010-08-13 0.301 3.511
2010-06-24 0.300 3.787
2010-05-12 0.301 3.839
2010-04-14 0.301 3.598
2010-03-25 0.300 3.626
2010-03-08 0.000 0.000
2010-01-15 0.000 0.000
2009-09-25 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Bank of South Carolina has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Bank of South Carolina only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Bank of South Carolina's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bank of South Carolina's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bank of South Carolina afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of South Carolina has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BKSC Management

 What is the CEO of Bank of South Carolina's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Fleetwood Hassell
COMPENSATION $314,088
AGE 58
TENURE AS CEO 7.2 years
CEO Bio

Mr. Fleetwood S. Hassell has been the President and Chief Executive Officer of The Bank of South Carolina Corporation and its subsidiary Bank of South Carolina since April 11, 2012. Mr. Hassell served as an Executive Vice President of The Bank of South Carolina Corp. from August 16, 2005 to April 11, 2012. Mr. Hassell has been with The Bank of South Carolina since its organization in 1986. During his career of over thirty five years in banking, Mr. Hassell has held the position of Assistant Vice President for commercial lending and business development, Vice President, Senior Vice President, Executive Vice President and Senior Lender. Mr. Hassell began his banking career in 1983 as a management trainee at the Citizens and Southern National Bank of South Carolina. He has been a Director of The Bank of South Carolina Corporation and Bank of South Carolina since April 11, 2006. In addition to serving on the Board of the Bank and the Company, Mr. Hassell has served on the Boards of the Kidney Foundation, Crime Stoppers, Atlantic Coast Conservation Association, Trident Tech Foundation, Charleston Breakfast Rotary Club (President), Charleston Day School (Treasurer), Porter Gaud School Alumni, Preservation Society and South Carolina Bankers Association. Mr. Hassell serves on the College of Charleston Foundation Board, the Association of the Blind and Visually Impaired Board and the Trident United Way Board. In January 2012, Mr. Hassell was appointed to the South Carolina State Board of Financial Institutions. Mr. Hassell serves as an Administrator and Trustee of the Bank of South Carolina Employee Stock Ownership and Trust. Mr. Hassell graduated from Porter Gaud High School and earned a BS and MBA from the University of South Carolina School of Business.

CEO Compensation
  • Fleetwood's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Fleetwood's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Bank of South Carolina management team in years:

4
Average Tenure
59
Average Age
  • The tenure for the Bank of South Carolina management team is about average.
Management Team

Fleetwood Hassell

TITLE
President
COMPENSATION
$314K
AGE
58
TENURE
7.2 yrs

Gene Walpole

TITLE
Executive VP
AGE
33
TENURE
3.3 yrs

Susanne Boyd

TITLE
Executive VP
AGE
41
TENURE
3.6 yrs

Richard Hutson

TITLE
Secretary & Non Employee Director
COMPENSATION
$6K
AGE
60

Doug Sass

TITLE
Executive VP
COMPENSATION
$224K
AGE
60
TENURE
7.2 yrs

Mindy Buhrmaster

TITLE
Vice President of Personnel

Charlie Ledford

TITLE
Member of Advisory Board - West Ashley
AGE
70

Lauren Nilan

TITLE
Vice President of Internal Controls and Risk Management Officer
TENURE
4 yrs

Costa Thomas

TITLE
Assistant Secretary
Board of Directors Tenure

Average tenure and age of the Bank of South Carolina board of directors in years:

10.7
Average Tenure
59
Average Age
  • The average tenure for the Bank of South Carolina board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Hugh Lane

TITLE
Chairman of the Board
COMPENSATION
$318K
AGE
70
TENURE
24.4 yrs

Fleetwood Hassell

TITLE
President
COMPENSATION
$314K
AGE
58
TENURE
13.2 yrs

Gene Walpole

TITLE
Executive VP
AGE
33
TENURE
1.2 yrs

Susanne Boyd

TITLE
Executive VP
AGE
41
TENURE
1.2 yrs

Richard Hutson

TITLE
Secretary & Non Employee Director
COMPENSATION
$6K
AGE
60
TENURE
14.4 yrs

Doug Sass

TITLE
Executive VP
COMPENSATION
$224K
AGE
60
TENURE
6.2 yrs

Steve Swanson

TITLE
Non Executive Director
COMPENSATION
$6K
AGE
50
TENURE
8.2 yrs

Graham Eubank

TITLE
Non-Employee Director
COMPENSATION
$5K
AGE
50
TENURE
14.4 yrs

William Hiott

TITLE
Non Employee Director
COMPENSATION
$9K
AGE
73
TENURE
24.4 yrs

C. Coward

TITLE
Member of North Charleston Advisory Board
COMPENSATION
$3K
AGE
82
TENURE
6.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bank of South Carolina individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
24. Jun 19 Buy Sheryl Sharry Individual 20. Jun 19 20. Jun 19 1,483 $18.25 $27,065
24. Jun 19 Buy Douglas Sass Individual 20. Jun 19 20. Jun 19 1,483 $18.25 $27,065
24. Jun 19 Buy Fleetwood Hassell Individual 20. Jun 19 20. Jun 19 1,483 $18.25 $27,065
24. Jun 19 Buy Eugene Walpole Individual 20. Jun 19 20. Jun 19 1,483 $18.25 $27,065
19. Jun 19 Sell Eugene Walpole Individual 18. Jun 19 18. Jun 19 0 $18.33 $-3
06. Jun 19 Buy Eugene Walpole Individual 05. Jun 19 05. Jun 19 2,800 $17.50 $49,000
06. Jun 19 Buy Sheryl Sharry Individual 05. Jun 19 05. Jun 19 2,800 $17.50 $49,000
06. Jun 19 Buy Douglas Sass Individual 05. Jun 19 05. Jun 19 2,800 $17.50 $49,000
06. Jun 19 Buy Fleetwood Hassell Individual 05. Jun 19 05. Jun 19 2,800 $17.50 $49,000
04. Jun 19 Buy Eugene Walpole Individual 31. May 19 31. May 19 335 $17.97 $6,020
04. Jun 19 Buy Fleetwood Hassell Individual 31. May 19 31. May 19 335 $17.97 $6,020
04. Jun 19 Buy Douglas Sass Individual 31. May 19 31. May 19 335 $17.97 $6,020
04. Jun 19 Buy Sheryl Sharry Individual 31. May 19 31. May 19 335 $17.97 $6,020
15. May 19 Buy Sheryl Sharry Individual 13. May 19 13. May 19 4,500 $19.60 $88,200
15. May 19 Buy Douglas Sass Individual 13. May 19 13. May 19 4,500 $19.60 $88,200
15. May 19 Buy Fleetwood Hassell Individual 13. May 19 13. May 19 4,500 $19.60 $88,200
15. May 19 Buy Eugene Walpole Individual 13. May 19 13. May 19 4,500 $19.60 $88,200
03. May 19 Buy Eugene Walpole Individual 02. May 19 02. May 19 29 $19.32 $567
29. Apr 19 Buy Sheryl Sharry Individual 26. Apr 19 26. Apr 19 81 $18.56 $1,503
19. Apr 19 Sell Douglas Sass Individual 17. Apr 19 17. Apr 19 -1,000 $18.75 $-18,750
19. Apr 19 Buy Sheryl Sharry Individual 17. Apr 19 17. Apr 19 10,000 $18.92 $189,200
19. Apr 19 Buy Douglas Sass Individual 17. Apr 19 17. Apr 19 10,000 $18.92 $189,200
19. Apr 19 Buy Eugene Walpole Individual 17. Apr 19 17. Apr 19 10,000 $18.92 $189,200
19. Apr 19 Buy Fleetwood Hassell Individual 17. Apr 19 17. Apr 19 10,000 $18.92 $189,200
14. Feb 19 Buy Linda Bradley McKee Individual 15. Oct 18 15. Oct 18 500 $20.40 $10,200
14. Dec 18 Buy Eugene Walpole Individual 14. Dec 18 14. Dec 18 462 $18.00 $8,316
14. Dec 18 Buy Sheryl Sharry Individual 14. Dec 18 14. Dec 18 462 $18.00 $8,316
14. Dec 18 Buy Douglas Sass Individual 14. Dec 18 14. Dec 18 462 $18.00 $8,316
14. Dec 18 Buy Fleetwood Hassell Individual 14. Dec 18 14. Dec 18 462 $18.00 $8,316
06. Dec 18 Buy Charles Lane Individual 06. Dec 18 06. Dec 18 2,000 $18.75 $37,500
30. Nov 18 Sell Douglas Sass Individual 29. Nov 18 29. Nov 18 -985 $19.78 $-19,483
30. Nov 18 Sell Douglas Sass Individual 28. Nov 18 28. Nov 18 -15 $19.78 $-297
16. Nov 18 Buy Eugene Walpole Individual 15. Nov 18 15. Nov 18 400 $19.70 $7,880
16. Nov 18 Buy Sheryl Sharry Individual 15. Nov 18 15. Nov 18 400 $19.70 $7,880
16. Nov 18 Buy Douglas Sass Individual 15. Nov 18 15. Nov 18 800 $19.70 $15,760
16. Nov 18 Buy Fleetwood Hassell Individual 15. Nov 18 15. Nov 18 400 $19.70 $7,880
15. Nov 18 Buy Sheryl Sharry Individual 14. Nov 18 14. Nov 18 600 $19.70 $11,820
15. Nov 18 Buy Douglas Sass Individual 14. Nov 18 14. Nov 18 600 $19.70 $11,820
15. Nov 18 Buy Eugene Walpole Individual 14. Nov 18 14. Nov 18 600 $19.70 $11,820
15. Nov 18 Buy Fleetwood Hassell Individual 14. Nov 18 14. Nov 18 600 $19.70 $11,820
26. Sep 18 Buy Charles Lane Individual 25. Sep 18 25. Sep 18 107 $19.95 $2,135
25. Sep 18 Buy Eugene Walpole Individual 25. Sep 18 25. Sep 18 605 $9.92 $6,002
31. Aug 18 Buy Fleetwood Hassell Individual 31. Aug 18 31. Aug 18 490 $19.60 $9,604
31. Aug 18 Buy Douglas Sass Individual 31. Aug 18 31. Aug 18 490 $19.60 $9,604
31. Aug 18 Buy Sheryl Sharry Individual 31. Aug 18 31. Aug 18 490 $19.60 $9,604
31. Aug 18 Buy Eugene Walpole Individual 31. Aug 18 31. Aug 18 490 $19.60 $9,604
29. Aug 18 Buy Fleetwood Hassell Individual 29. Aug 18 29. Aug 18 360 $19.50 $7,020
21. Aug 18 Buy Sheryl Sharry Individual 17. Aug 18 17. Aug 18 2,500 $20.00 $50,000
21. Aug 18 Buy Eugene Walpole Individual 17. Aug 18 17. Aug 18 2,500 $20.00 $50,000
21. Aug 18 Buy Douglas Sass Individual 17. Aug 18 17. Aug 18 2,500 $20.00 $50,000
21. Aug 18 Buy Fleetwood Hassell Individual 17. Aug 18 17. Aug 18 2,500 $20.00 $50,000
02. Jul 18 Buy Douglas Sass Individual 27. Jun 18 27. Jun 18 400 $20.89 $8,355
02. Jul 18 Buy Fleetwood Hassell Individual 27. Jun 18 27. Jun 18 400 $20.89 $8,355
02. Jul 18 Buy Eugene Walpole Individual 27. Jun 18 27. Jun 18 400 $20.89 $8,355
02. Jul 18 Buy Sheryl Sharry Individual 27. Jun 18 27. Jun 18 400 $20.89 $8,355
X
Management checks
We assess Bank of South Carolina's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bank of South Carolina has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BKSC News

Simply Wall St News

Read This Before Selling Bank of South Carolina Corporation (NASDAQ:BKSC) Shares

Bank of South Carolina Insiders Bought Stock Recently Over the last three months, we've seen significantly more insider buying, than insider selling, at Bank of South Carolina. … Insider Ownership of Bank of South Carolina I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. … When combined with notable insider ownership, these factors suggest Bank of South Carolina insiders are well aligned, and that they may think the share price is too low.

Simply Wall St -

Do Insiders Own Shares In Bank of South Carolina Corporation (NASDAQ:BKSC)?

A look at the shareholders of Bank of South Carolina Corporation (NASDAQ:BKSC) can tell us which group is most powerful. … Check out our latest analysis for Bank of South Carolina NasdaqCM:BKSC Ownership Summary, May 23rd 2019 What Does The Institutional Ownership Tell Us About Bank of South Carolina? … General Public Ownership The general public, who are mostly retail investors, collectively hold 63% of Bank of South Carolina shares.

Simply Wall St -

Here's Why I Think Bank of South Carolina (NASDAQ:BKSC) Is An Interesting Stock

So if you're like me, you might be more interested in profitable, growing companies, like Bank of South Carolina (NASDAQ:BKSC). … How Quickly Is Bank of South Carolina Increasing Earnings Per Share. … Bank of South Carolina maintained stable EBIT margins over the last year, all while growing revenue 3.7% to US$19m.

Simply Wall St -

Financial Metrics For Bank of South Carolina Corporation (NASDAQ:BKSC)

As a small-cap bank stock with a market capitalisation of US$104m, Bank of South Carolina Corporation’s (NASDAQ:BKSC) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … These reforms target banking regulations and intends to enhance financial institutions’ ability to absorb shocks resulting from economic stress which could expose banks like Bank of South Carolina to vulnerabilities. … View our latest analysis for Bank of South Carolina

Simply Wall St -

Is Bank of South Carolina Corporation (NASDAQ:BKSC) Over-Exposed To Risk?

Bank of South Carolina Corporation (NASDAQ:BKSC) is a small-cap bank with a market capitalisation of US$102m. … See our latest analysis for Bank of South Carolina … Does Bank of South Carolina Understand Its Own Risks?

Simply Wall St -

How Much Are Bank of South Carolina Corporation (NASDAQ:BKSC) Insiders Spending On Buying Shares?

So before you buy or sell Bank of South Carolina Corporation (NASDAQ:BKSC), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Bank of South Carolina. … In the last twelve months there was more buying than selling by Bank of South Carolina insiders

Simply Wall St -

Don't Sell Bank of South Carolina Corporation (NASDAQ:BKSC) Before You Read This

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Bank of South Carolina Corporation's (NASDAQ:BKSC) P/E ratio and reflect on what it tells us about the company's share price. … Bank of South Carolina has a price to earnings ratio of 14.52, based on the last twelve months.

Simply Wall St -

Introducing Bank of South Carolina, A Stock That Climbed 45% In The Last Five Years

Unfortunately for shareholders, while the Bank of South Carolina Corporation (NASDAQ:BKSC) share price is up 45% in the last five years, that's less than the market return. … Over half a decade, Bank of South Carolina managed to grow its earnings per share at 9.7% a year. … It might be well worthwhile taking a look at our free report on Bank of South Carolina's earnings, revenue and cash flow.

Simply Wall St -

Is Bank of South Carolina Corporation (NASDAQ:BKSC) A Smart Pick For Income Investors?

Historically, Bank of South Carolina Corporation (NASDAQ:BKSC) has paid a dividend to shareholders. … Let's dig deeper into whether Bank of South Carolina should have a place in your portfolio. … See our latest analysis for Bank of South Carolina

Simply Wall St -

Understated Factors To Consider Before Investing In Bank of South Carolina Corporation (NASDAQ:BKSC)

As a small-cap bank stock with a market capitalisation of US$101m, Bank of South Carolina Corporation’s (NASDAQ:BKSC) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels. … High liquidity and low leverage could position Bank of South Carolina favourably at the face of macro headwinds.

Simply Wall St -

BKSC Company Info

Description

Bank of South Carolina Corporation operates as the holding company for The Bank of South Carolina that provides commercial banking services to individuals, professionals, and small and middle market businesses in South Carolina. The company offers a range of deposit products, including non-interest bearing demand accounts, NOW accounts, money market accounts, time deposits, and savings accounts, as well as certificates of deposit. It also provides secured and unsecured loans; commercial real estate loans; consumer loans, including construction, real estate, HELOCs, and mortgage; and home equity loans and lines of credit. It operates through Charleston, Summerville, and Mount Pleasant banking house locations in South Carolina. Bank of South Carolina Corporation was founded in 1986 and is headquartered in Charleston, South Carolina.

Details
Name: Bank of South Carolina Corporation
BKSC
Exchange: NasdaqCM
Founded: 1986
$104,266,102
5,516,725
Website: http://www.banksc.com
Address: Bank of South Carolina Corporation
256 Meeting Street,
PO Box 538,
Charleston,
South Carolina, 29401,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM BKSC Common Shares Nasdaq Capital Market US USD 23. Oct 1986
Number of employees
Current staff
Staff numbers
77
Bank of South Carolina employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 23:33
End of day share price update: 2019/06/25 00:00
Last earnings filing: 2019/05/06
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.