Southern First Bank

Southern First Bank is an FDIC insured institution headquartered at 6 Verdae Blvd, Greenville, SC 29607.
It was founded in 2000 and has approximately $4 billion in assets. Customers can open an account at one of its 11 branches.

Deposit Rates - June 24, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35295
Date Established 2000
Assets $ 4.06 billion
Loans $ 3.57 billion
Deposits $ 3.40 billion
Capital $ 339.11 million

Summary Balance Sheet as of June 30, 2023

Cash & Balances due from depository institutions $ 133.54 million
Interest-bearing balances $ 102.50 million
Total securities $ 134.70 million
Federal funds sold and reverse repurchase $ 25.00 million
Net loans and leases $ 3.57 billion
Loan loss allowance $ 40.68 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 79.61 million
     Total Assets $ 3.72 billion

Total deposits $ 3.40 billion
      Interest-bearing deposits $ 2.71 billion
      Deposits held in domestic offices $ 3.40 billion
      % insured (estimated) 61.49%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 75.28 million
Subordinated debt N.A.
All other liabilities $ 16.42 millionn
      Total Liabilities $ 3.72 billion
      Shareholders’ Equity $ 339.11 million

Summary Income Statement as of June 30, 2023

Total Interest Income $ 177.82 million
Total Interest Expense $ 97.76 million
Net interest income $ 80.05 million
Provision for loan and lease losses $ 2.21 million
Total non interest income $ 9.45 million
Total non interest expense $ 67.43 million
Pre-tax Net Operating Income $ 20.77 million

*Should any logos, images or public notes appear on this page,they do so courtesy of Southern First Bank and are not subject to approval of expressly disclaims all responsibility for this content.

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