Southern First Bancshares, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported interest income of $12.147 million against $10.560 million a year ago. Net interest income was $10.131 million against $8.834 million a year ago. Income before provision for income taxes was $4.236 million against $2.911 million a year ago. Net income available to common shareholders was $2.853 million or $0.43 per diluted share against $1.766 million or $0.30 per diluted share a year ago. Book value per share as on December 31, 2015 $14.98 against $13.34 as on December 31, 2014. Total revenue was $12.166 million against $10.567 million a year ago. Return on average assets was 0.93% against 0.78% a year ago. Return on average equity was 12.11% against 9.46% a year ago.

For the year, the company reported interest income of $46.030 million against $39.948 million a year ago. Net interest income was $38.529 million against $33.040 million a year ago. Income before provision for income taxes was $15.536 million against $9.738 million a year ago. Net income available to common shareholders was $10.167 million or $1.55 per diluted share against $5.710 million or $1.10 per diluted share a year ago.

For the fourth quarter, the company reported net loans charged-off of $0.439 million or 0.17% of average loans, annualized against $0.453 million, or 0.21% of average loans, annualized a year ago.