Trade Southern First Bancshares Inc - SFST CFD

Southern First Bancshares Company profile

About Southern First Bancshares, Inc.

Southern First Bancshares, Inc. is a bank holding company. The Company’s primary business is to serve as the holding company for Southern First Bank (the Bank), a South Carolina state bank. The Bank is a commercial bank with approximately eight retail offices located in the Greenville, Columbia, Charleston, Raleigh, Greensboro and Atlanta. The Bank is engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (the FDIC) and providing commercial, consumer and mortgage loans to the general public. In addition to deposit and loan services, it offers other bank services, such as Internet banking, cash management services, safe deposit boxes, direct deposit and automatic drafts for various accounts. The Bank offers a range of lending services, including real estate, commercial, equity-line consumer loans to individuals and small- to medium-sized businesses, and professional firms.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Southern First Bancshares, Inc. interest income decreased 2% to $93.2M. Net interest income after loan loss provision increased 10% to $87.7M. Net income increased from $18.3M to $46.7M. Net interest income after loan loss provision reflects Commercial and retail banking segment increase of 98% to $100.4M, Mortgage banking segment increase of 3% to $1.2M, Net Interest Spread.

Equity composition

Common Stock $.01 Par, 02/12, 10M auth., 3,841,812 issd. and O/S. Insiders control 24.88%. Initial Public Offering: 10/26/1999, 1,100,000 shares @ $10.00 by Wachovia Securities, Inc. 11/03, 3-for-2 stock split. 07/07, 01//11, 10% Stock dividend. 02/12, 10% Stock dividend. 13/01, 10% Stock dividend.