During the course of this presentation, management may make projections and forward- looking statements regarding events or the future financial performance of Southern First Bancshares, Inc. We wish to caution you that these forward-looking statements involve certain risks and uncertainties, including a variety of factors (including a downturn in the economy, greater than expected non-interest expenses, increased competition, fluctuations in interest rates, regulatory actions, excessive loan losses and other factors) that may cause Southern First's actual results to differ materially from the anticipated results expressed or implied in these forward-looking statements. Therefore, we can give no assurance that the results contemplated in the forward-looking statements will be realized. Investors are cautioned not to place undue reliance on these forward-looking statements and are advised to review the risk factors that may affect Southern First's operating results in documents filed by Southern First Bancshares, Inc. with the Securities and Exchange Commission, including the annual report on Form 10-K and other required filings. Southern First assumes no duty to update the forward-looking statements made in this presentation.
CORPORATE PROFILE
Southern First Markets:
Greenville, SC
2000
Columbia, SC
2007
Charleston, SC
2012
Raleigh, NC
2016
Atlanta, GA
2017
Summerville, SC
2018
Greensboro, NC
2018
Charlotte, NC
2021
HIGHLIGHTS
Net income increased to $12.0 million in Q4 - up 39.5% over Q4 2020
Book value increased 19.4% for the year to $35.07
Total loans increased 16.2% for the year to $2.5 billion
Total deposits increased 19.7% for the year to $2.6 billion
Incredibly strong credit metrics:
NPA's = .17%
Charge-offs= .06%
Total risk based capital increased to 14.9% at year end
LOANS & DEPOSITS
Thousands
Total Loans
$2,600
$2,500
$2.5 B
$2.4 B
$2,400
$2,300
$2.3 B
$2,200
$2.2 B
$2.1 B
$2,100
$2,000
$1,900
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Thousands
Total Deposits
$2,600
$2.6 B
$2,500
$2.4 B
$2,400
$2.3 B
$2,300
$2.3 B
$2,200
$2.1 B
$2,100
$2,000
$1,900
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
*Total loans excludes mortgage loans held for sale.
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Southern First Bancshares Inc. published this content on 25 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 14:46:05 UTC.
Southern First Bancshares, Inc. is a bank holding company. The Companyâs primary business is to serve as the holding company for Southern First Bank (the Bank). The Bank is primarily 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. The Company, through the Bank, provides a range of financial services to individuals and companies in South Carolina, North Carolina, and Georgia. These services include demand, time, and savings deposits; lending services; automated teller machine (ATM) processing and mortgage banking services. In addition to deposit and loan services, it offer other bank services such as Internet banking, cash management, safe deposit boxes, direct deposit, automatic drafts, bill payment and mobile banking services. The Bank has approximately eight retail offices.
SOUTHERN FIRST BANCSHARES, INC. 
