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MYRTLE BEACH, S.C., Jan. 26, 2021 /PRNewswire/ South Atlantic Bancshares, Inc. ( South Atlantic or the Company ) (OTCQX: SABK), parent of South Atlantic Bank (the Bank ), today reported net income of $7.2 million, or $0.95 per diluted common share, for the year ended December 31, 2020, compared to $6.1 million, or $0.80 per diluted common share, reported for the year ended December 31, 2019. Net income for the three months ended December 31, 2020 totaled $1.8 million, or $0.24 per diluted common share, compared to $1.3 million or $0.17 per diluted common shares, reported for the three months ended December 31, 2019. During the fourth quarter of 2020, net income attributable to the Company s participation in the Small Business Administration ( SBA ) Paycheck Protection Program ( PPP ), created under the Coronavirus Aid, Relief, and Economic Security Act, was $898 thousand.