BANK OF SOUTH CAROLINA Business Summary

Bank of South Carolina Corp (BKSC) operates as a regional bank holding company for its sole subsidiary, The Bank of South Carolina, primarily serving the Charleston, Berkeley, and Dorchester counties. The company generates revenue through a traditional community banking model, with the majority of its income derived from Net Interest Income (NII) produced by a diverse portfolio of commercial and industrial loans, real estate construction financing, and mortgage originations. This is supplemented by non-interest income from service charges, deposit fees, and cash management services. Its primary business segments are categorized into commercial lending, personal banking, and mortgage services, targeting local business owners, professionals, and high-net-worth individuals. Within the competitive landscape, BKSC competes directly with larger regional players such as SouthState Corporation, United Community Banks, and First Reliance Bank, positioning itself as a high-touch, service-oriented alternative that prioritizes long-term local relationships over the automated scale of national institutions. Originally organized in 1986 by Chairman Hugh C. Lane, Jr., the company is currently led by President and Chief Executive Officer Eugene H. Walpole, IV, who assumed the role in late 2023 after serving as the bank's CFO since 2016. The senior leadership team was recently bolstered in January 2026 by the appointments of Robert M. Hollings, III as Senior Lender and Jennifer A. Arato as Chief Credit Officer, both of whom are long-tenured executives with deep roots in the Charleston market. Susanne K. Boyd serves as Executive Vice President and Chief Operating Officer, overseeing the bank’s technology and operational infrastructure following her previous roles as Information Security Officer and VP of Operations. The Board of Directors is chaired by founder Hugh C. Lane, Jr. and includes notable local figures such as Lead Director Graham M. Eubank and former CEO Fleetwood S. Hassell, maintaining a leadership pedigree deeply integrated into the South Carolina business community.