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Bank of South Carolina Q3 earnings $311,520

Christian Fernsby ▼ | October 9, 2020
The Bank of South Carolina Corporation announced unaudited earnings of $1,703,271 for the third quarter ended September 30, 2020 a decrease of $311,520, or 15.46%, from earnings for the quarter ended September 30, 2019 of $2,014,791.
Bank of South Carolina
Bank of South Carolina   "We continue to produce respectable earnings"
Fleetwood S. Hassell, President of the Bank of South Carolina, stated, "We continue to produce respectable earnings in an exceptionally difficult interest rate environment.

Topics: Bank of South Carolina

"Asset quality remains our number one priority with a strong existing loan loss reserve to move through this credit cycle.

"Income from our mortgage operation continues to make a significant contribution to offset the effects of lower net interest income.

"New account activity is steady."