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The Bank of South Carolina Corporation Message Board

  • sambordulac sambordulac Apr 18, 2011 2:09 PM Flag

    1Q11

    The result was a bit soft, earning $0.68 million VS $0.86 million in 4Q10.

    Worthy of notes are:
    3Q10 & 4Q10 experienced abnormally high interest charge, in the range of 0.20%. My guess is it reverted back to norm in 1Q11.
    The bank has very low cost deposit and may still do. However, seeing the asset jumped 10% in this quarter, I'd say most came from increased but yet-to-be-deployed deposit. It penalizes income only temporarily.
    Let's hope loan production improves here on lout.

    The bank is not cheap, but pretty solid.

 
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