Company:  BANK OF SOUTH CAROLINA CO ... (BKSC)
Form Type:  10-K
Filing Date:  3/5/2012 
CIK:  0001007273 
Address:  256 MEETING ST
P O BOX 538
 
City, State, Zip:  CHARLESTON, South Carolina 29402 
Telephone:  (803) 724-1500 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$15.00  
Change: 
-0.14 (-0.93%)  
Trade Time: 
03:59 PM EST  
Market Cap: 
$66.92M
Description of Business
The Bank of South Carolina (the �Bank�) 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 Bank operates as an independent, community oriented, commercial bank providing a broad range of financial services and products. We have four banking house locations: 256 Meeting Street, Charleston, SC, 100 North Main Street, Summerville, SC, 1337 Chuck Dawley Boulevard, Mt. Pleasant, SC and 2027 Sam Rittenberg Boulevard, Charleston, SC. We intend to open a banking office in North Charleston, SC on Highway 78 and Ingleside Boulevard in 2015.
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  FORM 10-K
    PART I
      Item 1. Business
      Item 1A. Risk Factors
      Item 1B. Unresolved Staff Comments
      Item 2. Properties
      Item 3. Legal Proceedings
    PART II
      Item 5. Market for the Company's Common Equity, Related ...
      Item 6. Selected Financial Data
      Item 7. Management's Discussion and Analysis of Financial ...
      Item 7A. Quantitative and Qualitative Disclosures About ...
        REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
        BALANCE SHEET
        INCOME STATEMENT
        STOCKHOLDERS EQUITY
        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
        17. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
      Item 9. Changes In and Disagreements With Accountants on ...
      Item 9A. Controls and Procedures
      Item 9B. Other Information
    PART III
      Item 10. Directors, Executive Officers, Promoters and ...
      Item 11. Executive Compensation
      Item 12. Security Ownership of Certain Beneficial Owners and ...
      Item 13. Certain Relationships and Related Transactions, and ...
      Item 14. Principal Accountant Fees and Services
    PART IV
      Item 15. Exhibits and Financial Statement Schedules
    SIGNATURES
  EXHIBIT 10.6
  EXHIBIT 23.1
    Consent of Independent Registered Public Accounting Firm
  EXHIBIT 31.1
    CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER PURSUANT TO ...
  EXHIBIT 31.2
    CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER PURSUANT TO ...
  EXHIBIT 32.1
    CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER PURSUANT TO ...
  EXHIBIT 32.2
    CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER PURSUANT TO ...
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