UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report: October 12, 2007
 
Bank of South Carolina Corporation
(Exact name of registrant as specified in its charter)
 
South Carolina
0-27702
57-1021355
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
 
256 Meeting Street Charleston, SC 29401
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code   (843) 724-1500
 
 
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
Item 2.02 Results of Operations and Financial Condition

On October 12, 2007, the Bank of South Carolina Corporation issued a press release announcing its financial results for the quarter ended September 30, 2007. The information contained in the press release is deemed to be “filed” under the Securities Exchange Act of 1934 as Exhibit 99.1 to this report, and such press release is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(c)  
Exhibits.

The following Exhibit is filed as part of this report

Exhibit 99.1  Press release dated October 12, 2007.
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
The Bank of South Carolina Corporation
  
 
(Registrant)
  
     
     
Date: October 12, 2007
    
 
/s/ William L. Hiott, Jr.
  
 
William L. Hiott, Jr.
  
 
Executive Vice President and Treasurer
  

 
Bank of South Carolina
    
Corporation (BKSC)
    
Report of Earnings
    
     
     
 
September 30,
September 30,
 
2007
2006
     
Shares Outstanding
    
BKSC Common Stock
3,953,863
3,920,228
     
Book Value Per Share
$6.35
$5.97
     
Total Assets
$224,287,017
$236,400,491
     
     
Quarter
    
Ending
    
     
Net Income
$940,561
$1,029,747
     
Basic Earnings Per Share
$.24
$.26
     
Diluted Earnings Per Share
$.24
$.26
     
Weighted Average Shares
    
Outstanding Basic
3,949,447
3,920,228
     
Weighted Average Shares
   
Outstanding Diluted
3,976,459
3,963,022



Bank of South Carolina
    
Corporation (BKSC)
    
Report of Earnings
    
     
     
Nine Months
    
Ending
    
     
Net Income
$2,937,338
$2,906,018
     
Basic Earnings Per Share
$.75
$.75
     
Diluted Earnings Per Share
$.74
$.73
     
Weighted Average Shares
    
Outstanding Basic
3,939,420
3,893,172
     
Weighted Average Shares
    
Outstanding Diluted
3,969,668
3,973,137