Bank of South Carolina Corporation (BKSC) Stock Analysis

Bank of South Carolina Corporation is a Charleston-based, state-chartered community bank holding company whose wholly owned bank serves local small and midsize businesses, developers, professional firms, and affluent retail customers. Its relationship-first model emphasizes customized underwriting and sticky transactional deposits rather than scale or aggressive loan growth. **Q2 2026 was a record quarter**: net income rose 18.55% year over year to $2.319 million, diluted EPS increased 20.00% to $0.42, NIM expanded to 4.71% from 4.33%, and ROAE reached 15.16%. First-half net income increased 15.46% to $4.330 million. The balance sheet is well capitalized, with an 11.63% Community Bank Leverage Ratio and nonperforming assets of only 0.08% of assets. Revenue grew from $21.42 million in 2021 to $30.27 million in 2025, a 9.03% CAGR, while the stock trades at $18.92, or approximately 12.46x trailing P/E and 1.70x P/B. **The main near-term catalyst is redeployment of $55 million of maturing bonds into higher-yielding loans.** With no sell-side coverage, valuation depends on fundamental execution and patient ownership.