The Bank of South Carolina Corporation announced earnings results for the third quarter and nine months ended September 30, 2009. The company reported earnings for the third quarter of $136,521 or $0.03 per diluted share compared to earnings of $712,072 or $0.18 per diluted share for the three months ended September 30, 2008. Earnings for the nine months ended September 30, 2009, were $1,598,884 or $0.40 per diluted share compared to $2,155,435 or $0.54 per diluted share for the nine months ended September 30, 2008. Book value per share on September 30, 2009 was $6.88 against $6.61 for the same period a year ago.

The Bank of South Carolina Corporation announced that it elected to omit paying its third quarter dividend in order to fund an increase to the Provisions for Loan Losses, to raise its reserves.

The Bank of South Carolina Corporation announced earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net income of $687,461 or $0.17 per basic and diluted share increased 2.25% over second quarter 2008 net income of $672,323 or $0.17 per basic and diluted share. Return on average assets and average equity was 1.19% compared with 2008 return on average assets and average equity of 1.29%. For the six months, the company reported net income of $1,462,363 or $0.37 per basic and diluted share, compared to $1,443,363 or $0.36 per basic and diluted share over 2008. Return on average assets and average equity was 10.76%compared with 2008 return on average assets and average equity of 10.99%. Book value per share was $6.74 against $6.56 a year ago.