The Company recorded net income attributable to common shareholders of $4,186,000 for the year ended December 31, 2012, compared to a net loss attributable to common shareholders of $2,794,000 for the year ended December 31, 2011. Income per diluted common share for the year ended December 31, 2012 was $1.68, compared to loss per diluted common share of $1.12 for the year ended December 31, 2011. The net income in 2012 was aided significantly by a net gain on investment transactions of $2,147,000, which included $2,789,000 of gains on securities offset with $642,000 of FHLB prepayment penalties

Greer Bancshares Incorporated, the parent company of Greer State Bank, today reported an annual net income attributable to common shareholders of $8,209,000 or $3.30 per diluted common share as compared to the prior year net income of $4,186,000 or $1.68 per diluted common share. The current year was aided significantly by a credit to the loan loss provision for $1,700,000, as well as a net tax benefit of $3,801,000. The net tax benefit was a result of $1,890,000 in taxes being ...