Mortgage loans bolstered the Bank of South Carolina (BKSC) in the fourth quarter.
Income at the $325 million-asset Charleston-based bank rose roughly 19%, to $992,000, from the same period a year earlier, the company said Thursday.
It recorded mortgage banking income of roughly $1.4 million for the year, an increase of 104% from 2011.
"We were quite pleased with the bank's earnings for 2012, which were the third best in our company's history," Fleetwood Hassell, Bank of South Carolina's chief executive, said in a news release. "Our business model of asset quality, low-cost funding sources and efficient operations will continue to serve us well as we move through 2013."
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