Southern First Bank, National Association in Greenville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Southern First Bank, National Association in Greenville, South Carolina (SC)
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Southern First Bank, National Association - Overview

  • General
  • FDIC Certificate #: 35295
    Status: Active
    Federal Reserve ID: 2849801
    Bank Holding Company (Regulatory Top Holder): Southern First Bancshares, Inc. (RSSDID: 2849799, Location: Greenville, SC)
    Date Established: January 10, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 77685
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 10, 2000
    Last Structure Change Effective Date: July 02, 2007
    Last Structure Change Process Date: July 10, 2007
    Last Data Update: July 10, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Verdae Boulevard, Suite 100, Greenville, SC 29607
    County: Greenville
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Columbia Sc
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Greenville-Spartanburg-Anderson, SC (#3160)
    Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Greenville-Mauldin-Easley, SC (#24860)
    CBSA Metro Statistical Area: Greenville-Mauldin-Easley, SC (#24860)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $766.3 mil
    Equity capital: $74.2 mil
    Deposits held in domestic offices: $565.3 mil
    Return on assets (ROA): 0.33% ($2.5 mil)
    Quarterly return on assets: 0.29% ($2.2 mil)
    Return on Equity (ROE): 3.46% ($2.6 mil)
    Quarterly return on equity: 2.97% ($2.2 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.47% ($3,601.7 mil)
    Quarterly Pretax return on assets: 0.38% ($2,912.0 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 111Total employees (full-time equivalent)
  • $766,312Total assets
  • $23,104Cash and due from depository institutions
  • $15,684Interest-bearing balances
  • $100,661Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $589,709Net loans & leases
  • $8,925Loan loss allowance
  • $0Trading account assets
  • $17,252Bank premises and fixed assets
  • $3,686Other real estate owned
  • $0Goodwill and other intangibles
  • $766,312Life insurance assets
  • $31,900All other assets
  • $692,119Total liabilities and capital
  • $565,306Total liabilities
  • $493,944Total deposits
  • $565,306Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 19415.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $103,500Trading liabilities
  • $0Other borrowed funds
  • $3,898Subordinated debt
  • $74,193All other liabilities
  • $74,193Total equity capital
  • $74,193Total bank equity capital
  • $0Perpetual preferred stock
  • $4,250Common stock
  • $45,268Surplus
  • $24,675Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,264Income earned, not collected on loans
  • $0Earning assets
  • $2,892Long-term assets (5+ years)
  • $706,054Average Assets, year-to-date
  • $205,157Average Assets, quarterly
  • $754,950Volatile liabilities
  • $761,448Insider loans
  • $617,458FHLB advances
  • $773,010Loans and leases held for sale
  • $18,093Unused loan commitments
  • $10,792Tier 1 (core) risk-based capital
  • $73,152Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,301Total unused commitments
  • $98,003Restructured Loans and leases
  • $15,943Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $35,247Total interest income
  • $11,505Total interest expense
  • $23,742Net interest income
  • $5,270Provision for loan and lease losses
  • $1,728Total noninterest income
  • $0Fiduciary activities
  • $638Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,090Additional noninterest income
  • $16,651Total noninterest expense
  • $8,275Salaries and employee benefits
  • $2,231Premises and equipment expense
  • $6,145Additional noninterest expense
  • $3,549Pre-tax net operating income
  • -$2Securities gains (losses)
  • $1,045Applicable income taxes
  • $2,502Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,502Net income attributable to bank
  • $0Net charge-offs
  • $2,502Cash dividends
  • $4,731Sale, conversion, retirement of capital stock, net
  • $550Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.10%Yield on earning assets
  • 1.67%Cost of funding earning assets
  • 3.44%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.41%Noninterest expense to earning assets
  • 0.33%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 3.46%Return on equity (ROE)
  • 2.70%Retained earnings to average equity (YTD only)
  • 0.81%Net charge-offs to loans
  • 111.39%Credit loss provision to net charge-offs
  • 1.86%Efficiency ratio
  • 65,375Assets per employee
  • 6.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.98%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 86.95%Noncurrent assets plus other real estate owned to assets
  • 1.82%Noncurrent loans to loans
  • 1.71%Net loans and leases to deposits
  • 104.32%Net loans and leases to core deposits
  • 119.73%Equity capital to assets
  • 9.68%Core capital (leverage) ratio
  • 9.46%Tier 1 risk-based capital ratio
  • 11.85%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $754,950Average earning assets
  • $72,393Average equity
  • $690,946Average loans

List of branches

  • 6 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    077685Southern First Bank, National Association100 Verdae Boulevard, Suite 100, Greenville, SC 29607January 10, 2000Full Service Brick and Mortar
    1442250Parkway Branch307 The Parkway, Greer, SC 29650June 30, 2005Full Service Brick and Mortar
    2446095Augusta Road Branch2121 Augusta Road, Greenville, SC 29605November 04, 2005Full Service Brick and Mortar
    4482931Woodruff Branch1900 Woodruff Rd, Greenville, SC 29607July 07, 2008Full Service Brick and Mortar
    5482934Lexington Branch5346 Sunset Blvd, Lexington, SC 29072July 14, 2008Full Service Brick and Mortar
    6509360Knox Abbott Br190 Knox Abbott Drive, Cayce, SC 29033August 03, 2009Full Service Brick and Mortar

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