The Bank of South Carolina Reports First Quarter EPS of $0.14 vs. $0.16

The Bank of South Carolina,

announced earnings of $649,368 or $.14 per share, for the quarter ended March 31, 2011 – a decrease of 10.66% from earnings for the first quarter ended March 31, 2010 of $726,867 or $.16 per share. Returns on average assets and average equity for the quarter ended March 31, 2011 were .91% and 9.04%, respectively, compared with 2010 returns on average assets and average equity of 1.11 % and 10.54%, respectively.