The Bank of South Carolina Corporation announced earnings results for the fourth quarter and year ended December 31, 2014. For the fourth quarter, the company reported earnings of $1,191,381 or $0.27 and $0.26 basic and diluted per share, respectively, for the quarter ended December 31, 2014 – an increase of 22.84% from earnings for the quarter ended December 31, 2013 of $969,868 or of $0.23 and $0.22 basic and diluted per share, respectively.

Earnings for the twelve months ended December 31, 2014 increased $321,896 or 7.90% to $4,398,820 compared to $4,076,924 for the twelve months ended December 31, 2013. Book value per share as on December 31, 2014 was $8.24 compared to $7.79 a year ago.  Returns on average assets and average equity for the twelve months ended December 31, 2014 were 1.26% and 12.12%, respectively, compared with 2013 returns on average assets and average equity of 1.23% and 11.72%, respectively.