Southern First Bancshares, Inc. Surveillance Report

Company Profile

Southern First Bancshares, Inc. (NASDAQ: SFST) (“the company”), formed in 2000 and headquartered in Greenville, SC, is the $4.3 billion-asset bank holding company for Southern First Bank (“the bank”). The bank operates 12 branches across three contiguous Southeastern states, including offices in Greenville, Columbia, and Charleston, SC, as well as Atlanta, GA and in key markets in NC. The bank’s Greenville MSA deposit market share stood at 6.58% (No. 7 rank) per the FDIC’s most recent deposit statistics.
The bank’s total loan portfolio is oriented towards residential real estate (45% at 2Q25) and CRE (43%), with owner-occupied CRE amounting to 18%. C&I loans represent 10%.
The company’s focus remains centered on executing its relationship banking strategy, building capital ratios, improving core deposit funding (and lowering loan-to-deposit ratios), and growing organically in select markets.

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