Private company

GRANDSOUTH BANCORPORATION

GRANDSOUTH BANCORPORATION is an American savings institutions company based in Greenville, no longer active.2

Last updated Oct 20, 2026.

Overview

  • IndustrySavings Institutions, Not Federally Chartered2
  • HeadquartersGreenville, United States2
  • Incorporated inSC3
  • Business address381 Halton Road, P. O. Box 6548, Greenville, Sc 296063
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formBusiness Corporation2
  • LEI54930053479GFRVTDR222
  • StatusInactive2
  • LEI statusRetired2
  • Registered addressc/o J. B. Garrett, 29606 Greenville, United States2
  • Registered withBusiness Filings database (South Carolina Secretary of State), 000339872

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income4$16.1M in 2021+86% since 2020
0$5.0M$10.0M$15.0M$20.0M2020: $8.6M$8.6M20202021: $16.1M$16.1M2021+86%
Fiscal year2019202020212022
Interest$8.6M4$5.1M4
Income before tax$21.3M4
Income tax$2.5M4$5.2M4
Net income$8.6M4$16.1M4
Earnings per share$1.574$2.954
Earnings per share (diluted)$1.554$2.884
Shares (weighted, basic)5.2M shares4
Shares (weighted, diluted)5.3M shares4

Compare GRANDSOUTH BANCORPORATION with another company

What it owns

What GRANDSOUTH BANCORPORATION reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land and buildings$6.8M4 Dec 31, 2021$5.6M4 Dec 31, 2020+20.9%
Buildings and improvements$13.1M4 Dec 31, 2021$10.4M4 Dec 31, 2020+26.0%
Furniture and fixtures$4.0M4 Dec 31, 2021$3.7M4 Dec 31, 2020+7.1%
Construction in progress$2.5M4 Dec 31, 2020
Property and equipment, before depreciation$23.9M4 Dec 31, 2021$22.2M4 Dec 31, 2020+7.2%
Accumulated depreciation$6.1M4 Dec 31, 2021$5.6M4 Dec 31, 2020+9.1%
Property and equipment, net$17.8M4 Dec 31, 2021$16.7M4 Dec 31, 2020+6.6%
Finance-lease assets$100.0K4 Dec 31, 2021
Operating-lease assets (leased space)$1.8M4 Dec 31, 2021$422.0K4 Dec 31, 2020+321.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$124.1M4 Dec 31, 2021$63.0M4 Dec 31, 2020+96.9%
Deposits held (banks)$1.1B4 Dec 31, 2021$946.5M4 Dec 31, 2020+11.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$737.0K4 Dec 31, 2021$737.0K4 Dec 31, 20200%

Leadership

Who has led GRANDSOUTH BANCORPORATION, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mason Y. Garrett2006–2023

Chair

  1. Mason Y. Garrett2006–2023

President

  1. Ronald K. Earnest2008
  2. James B. Schwiers2021–2023

Chief financial officer

  1. John Garrett2021–2023

Chief operating officer

  1. Ronald K. Earnest2008
  2. James B. Schwiers2021–2023
2010201520202025
Board members and other officers (13)

Timeline

  1. Jan 4, 20238-K Completed an acquisition or sale; Change to shareholders' rights; Change in control21
  2. Dec 21, 20228-K Regulation FD disclosure22
  3. Nov 9, 20228-K Shareholder vote23
  4. Oct 17, 20228-K Results of operations24
  5. Aug 3, 20228-K Regulation FD disclosure25
  6. Jul 18, 20228-K Results of operations26
  7. Jun 21, 20228-K Entered a material agreement; Other events27
  8. May 20, 20228-K Shareholder vote28
  9. Apr 18, 20228-K Results of operations29
  10. Feb 4, 20228-K Regulation FD disclosure30
  11. Jan 24, 20228-K Executive or director change31
  12. Jan 18, 20228-K Results of operations32
  13. Apr 25, 2006New chief executive Mason Y. Garrett becomes CEO7
  14. Jun 7, 2000Founded GRANDSOUTH BANCORPORATION is founded2

Calendar

When it reported results

  1. Oct 17, 2022Reported quarterly or annual results24
  2. Jul 18, 2022Reported quarterly or annual results26
  3. Apr 18, 2022Reported quarterly or annual results29
  4. Jan 18, 2022Reported quarterly or annual results32
  5. Oct 18, 2021Reported quarterly or annual results33

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

48 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 15 major events, 19 insider forms, 9 other. The latest 20:

  1. Jan 12, 202315-12G EDGAR
  2. Jan 12, 2023S-8 POS EDGAR
  3. Jan 4, 20238-K EDGAR
  4. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  5. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  6. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  7. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  8. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  9. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  10. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  11. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  12. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  13. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  14. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  15. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  16. Jan 4, 20234 PRIMARY DOCUMENT EDGAR
  17. Dec 21, 20228-K EDGAR
  18. Dec 6, 20224 PRIMARY DOCUMENT EDGAR
  19. Nov 14, 202210-Q EDGAR
  20. Nov 9, 20228-K EDGAR

The 48 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 21, 2022GARRETT MASON YChairman and CEOBuy500$31.15$15.6KForm 4

From Forms 4 filed with the SEC.

SEC filer profile

How GRANDSOUTH BANCORPORATION is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGRANDSOUTH BANCORPORATION1
  • CIK0001126961
  • Employer ID (EIN)57-10642741
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inSouth Carolina1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6036 Savings Institutions, Not Federally Chartered1
  • Business address381 Halton Road, P. O. Box 6548, Greenville, SC 296061
  • Phone86477010001
  • Shares outstanding5,225,642 as of Nov 1, 20226
  • Public float$87.4M as of Jun 30, 20214
  • On EDGAR sinceNov 13, 20001
  • Filings261 in all: 8-K (59), 4 (58), 10QSB (19), 4/A (16), 10-Q (15), 3 (13), DEF 14A (12), 10KSB (7)1
    All 34 form types

    ARS (6), UPLOAD (5), 425 (4), CORRESP (4), D (4), NO ACT (4), SC 13E3/A (4), 10-K (3), 15-12G (3), PRE 14A (3), PRER14A (3), 8-K/A (2), S-8 (2), S-8 POS (2), SC 13D (2), 10-12G (1), 10-12G/A (1), 10-K/A (1), 3/A (1), 8-A12G (1), DEFA14A (1), DEFM14A (1), DRS (1), DRSLTR (1), SC 13E3 (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2022
    Quarterly report (10-Q) Nov 14, 2022
    Proxy statement (DEF 14A) Apr 11, 2022
    Latest 8-K (8-K) Jan 4, 2023

Sources

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