Bank of South Carolina Corp
Bank of South Carolina Corporation operates as a bank holding company for The Bank of South Carolina that provides financial products and services primarily in Charleston, Berkeley, and Dorchester counties of South Carolina. Its deposits include non-interest-bearing demand accounts, NOW accounts, money market accounts, time deposits, and savings accounts, as well as certificates of deposit. The c… Read more
Bank of South Carolina Corp (BKSC) - Net Assets
Latest net assets as of June 2023: $42.57 Million USD
Based on the latest financial reports, Bank of South Carolina Corp (BKSC) has net assets worth $42.57 Million USD as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($648.41 Million) and total liabilities ($605.83 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $42.57 Million |
| % of Total Assets | 6.57% |
| Annual Growth Rate | 4.39% |
| 5-Year Change | -7.99% |
| 10-Year Change | 28.08% |
| Growth Volatility | 7.28 |
Bank of South Carolina Corp - Net Assets Trend (1991–2023)
This chart illustrates how Bank of South Carolina Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bank of South Carolina Corp (1991–2023)
The table below shows the annual net assets of Bank of South Carolina Corp from 1991 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $47.08 Million | +21.31% |
| 2022-12-31 | $38.81 Million | -28.02% |
| 2021-12-31 | $53.92 Million | -1.93% |
| 2020-12-31 | $54.98 Million | +7.45% |
| 2019-12-31 | $51.17 Million | +12.55% |
| 2018-12-31 | $45.46 Million | +6.31% |
| 2017-12-31 | $42.76 Million | +5.30% |
| 2016-12-31 | $40.61 Million | +3.73% |
| 2015-12-31 | $39.15 Million | +6.51% |
| 2014-12-31 | $36.76 Million | +5.82% |
| 2013-12-31 | $34.74 Million | +2.38% |
| 2012-12-31 | $33.93 Million | +6.05% |
| 2011-12-31 | $31.99 Million | +11.40% |
| 2010-12-31 | $28.72 Million | +4.18% |
| 2009-12-31 | $27.57 Million | +2.83% |
| 2008-12-31 | $26.81 Million | +4.34% |
| 2007-12-31 | $25.69 Million | +8.68% |
| 2006-12-31 | $23.64 Million | +9.93% |
| 2005-12-31 | $21.51 Million | +7.58% |
| 2004-12-31 | $19.99 Million | +1.75% |
| 2003-12-31 | $19.65 Million | +1.73% |
| 2002-12-31 | $19.31 Million | +0.07% |
| 2001-12-31 | $19.30 Million | +4.03% |
| 2000-12-31 | $18.55 Million | +10.01% |
| 1999-12-31 | $16.87 Million | +0.99% |
| 1998-12-31 | $16.70 Million | +7.74% |
| 1997-12-31 | $15.50 Million | +4.03% |
| 1996-12-31 | $14.90 Million | +2.76% |
| 1995-12-31 | $14.50 Million | +9.02% |
| 1994-12-31 | $13.30 Million | +2.31% |
| 1993-12-31 | $13.00 Million | +4.00% |
| 1992-12-31 | $12.50 Million | +5.04% |
| 1991-12-31 | $11.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bank of South Carolina Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1024.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $15.75 Million | 33.45% |
| Other Components | $31.33 Million | 66.55% |
| Total Equity | $47.08 Million | 100.00% |
Bank of South Carolina Corp Competitors by Market Cap
The table below lists competitors of Bank of South Carolina Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prebet Aiud SA
RO:PREB
|
$46.48 Million |
|
Flerie
ST:FLERIE
|
$46.51 Million |
|
Gezinomi Seyahat Turizm Ticaret AS
IS:GZNMI
|
$46.52 Million |
|
Ko Ja Cayman Co Ltd
TW:5215
|
$46.53 Million |
|
CZZLF
PINK:CZZLF
|
$46.48 Million |
|
NuriFlex Co.Ltd
KQ:040160
|
$46.47 Million |
|
Kumpulan Fima Bhd
KLSE:6491
|
$46.47 Million |
|
Flexible Solutions International Inc
NYSE MKT:FSI
|
$46.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bank of South Carolina Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 38,811,387 to 47,080,862, a change of 8,269,475 (21.3%).
- Net income of 5,493,616 contributed positively to equity growth.
- Dividend payments of 3,763,578 reduced retained earnings.
- Share repurchases of 982,630 reduced equity.
- Other comprehensive income increased equity by 20,402,481.
- Other factors decreased equity by 12,880,414.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.49 Million | +11.67% |
| Dividends Paid | $3.76 Million | -7.99% |
| Share Repurchases | $982.63K | -2.09% |
| Other Comprehensive Income | $20.40 Million | +43.33% |
| Other Changes | $-12.88 Million | -27.36% |
| Total Change | $- | 21.31% |
Book Value vs Market Value Analysis
This analysis compares Bank of South Carolina Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.53x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.24x to 1.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $2.51 | $13.15 | x |
| 1992-12-31 | $2.31 | $13.15 | x |
| 1993-12-31 | $3.01 | $13.15 | x |
| 1994-12-31 | $2.83 | $13.15 | x |
| 1995-12-31 | $3.17 | $13.15 | x |
| 1996-12-31 | $2.88 | $13.15 | x |
| 1997-12-31 | $2.97 | $13.15 | x |
| 1998-12-31 | $3.19 | $13.15 | x |
| 1999-12-31 | $3.22 | $13.15 | x |
| 2000-12-31 | $3.57 | $13.15 | x |
| 2001-12-31 | $3.72 | $13.15 | x |
| 2002-12-31 | $3.75 | $13.15 | x |
| 2003-12-31 | $3.81 | $13.15 | x |
| 2004-12-31 | $3.88 | $13.15 | x |
| 2005-12-31 | $4.13 | $13.15 | x |
| 2006-12-31 | $4.50 | $13.15 | x |
| 2007-12-31 | $4.86 | $13.15 | x |
| 2008-12-31 | $5.06 | $13.15 | x |
| 2009-12-31 | $5.18 | $13.15 | x |
| 2010-12-31 | $5.37 | $13.15 | x |
| 2011-12-31 | $5.96 | $13.15 | x |
| 2012-12-31 | $6.31 | $13.15 | x |
| 2013-12-31 | $6.44 | $13.15 | x |
| 2014-12-31 | $6.64 | $13.15 | x |
| 2015-12-31 | $7.02 | $13.15 | x |
| 2016-12-31 | $7.30 | $13.15 | x |
| 2017-12-31 | $7.68 | $13.15 | x |
| 2018-12-31 | $8.13 | $13.15 | x |
| 2019-12-31 | $9.16 | $13.15 | x |
| 2020-12-31 | $9.68 | $13.15 | x |
| 2021-12-31 | $9.49 | $13.15 | x |
| 2022-12-31 | $6.88 | $13.15 | x |
| 2023-12-31 | $8.61 | $13.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bank of South Carolina Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.08%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 13.46x
- Recent ROE (11.67%) is above the historical average (10.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 6.72% | 22.86% | 0.04x | 6.82x | $-390.00K |
| 1992 | 5.60% | 18.92% | 0.05x | 6.17x | $-550.00K |
| 1993 | 4.62% | 16.67% | 0.04x | 6.17x | $-700.00K |
| 1994 | 5.26% | 17.07% | 0.05x | 5.80x | $-630.00K |
| 1995 | 6.90% | 20.00% | 0.05x | 6.57x | $-450.00K |
| 1996 | 9.40% | 23.33% | 0.06x | 6.90x | $-90.00K |
| 1997 | 10.32% | 23.53% | 0.05x | 8.03x | $50.00K |
| 1998 | 10.18% | 21.79% | 0.05x | 8.68x | $30.00K |
| 1999 | 11.36% | 21.93% | 0.06x | 9.17x | $228.99K |
| 2000 | 12.78% | 23.54% | 0.06x | 8.61x | $515.95K |
| 2001 | 9.34% | 18.72% | 0.06x | 8.21x | $-127.20K |
| 2002 | 9.62% | 19.45% | 0.06x | 8.77x | $-73.09K |
| 2003 | 9.69% | 19.36% | 0.05x | 9.54x | $-60.07K |
| 2004 | 9.23% | 20.98% | 0.04x | 10.07x | $-153.45K |
| 2005 | 14.81% | 27.63% | 0.05x | 10.35x | $1.03 Million |
| 2006 | 16.62% | 30.36% | 0.05x | 10.30x | $1.56 Million |
| 2007 | 14.91% | 29.46% | 0.06x | 8.76x | $1.26 Million |
| 2008 | 10.96% | 25.03% | 0.05x | 9.09x | $258.49K |
| 2009 | 6.78% | 14.84% | 0.05x | 9.65x | $-886.87K |
| 2010 | 10.83% | 23.65% | 0.05x | 9.77x | $238.62K |
| 2011 | 9.97% | 24.02% | 0.04x | 10.44x | $-10.07K |
| 2012 | 10.81% | 25.55% | 0.04x | 9.59x | $273.78K |
| 2013 | 11.74% | 27.49% | 0.04x | 9.81x | $603.01K |
| 2014 | 11.97% | 28.21% | 0.04x | 9.99x | $722.82K |
| 2015 | 12.48% | 28.94% | 0.04x | 10.20x | $969.12K |
| 2016 | 12.92% | 29.51% | 0.04x | 10.19x | $1.19 Million |
| 2017 | 11.46% | 27.21% | 0.04x | 10.44x | $625.36K |
| 2018 | 15.23% | 35.62% | 0.05x | 9.44x | $2.38 Million |
| 2019 | 14.30% | 36.06% | 0.05x | 8.70x | $2.20 Million |
| 2020 | 11.75% | 31.76% | 0.04x | 9.69x | $962.60K |
| 2021 | 12.51% | 31.75% | 0.03x | 12.60x | $1.35 Million |
| 2022 | 17.15% | 31.75% | 0.03x | 16.83x | $2.77 Million |
| 2023 | 11.67% | 27.08% | 0.03x | 13.46x | $785.53K |
Industry Comparison
This section compares Bank of South Carolina Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank of South Carolina Corp (BKSC) | $42.57 Million | 6.72% | 14.23x | $46.48 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |