Banks | Southern First Bank

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 - December 30, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35295
Date Established 2000
Assets $ 4.11 billion
Loans $ 3.60 billion
Deposits $ 3.48 billion
Capital $ 345.08 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 172.54 million
Interest-bearing balances $ 147.61 million
Total securities $ 121.35 million
Federal funds sold and reverse repurchase $ 25.00 million
Net loans and leases $ 3.60 billion
Loan loss allowance $ 40.16 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 $ 3.77 billion

LIABILITIES
Total deposits $ 3.48 billion
      Interest-bearing deposits $ 2.78 billion
      Deposits held in domestic offices $ 3.48 billion
      % insured (estimated) 62.03%
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 $ 3.77 billion
      Shareholders’ Equity $ 345.08 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 99.01 million
Total Interest Expense $ 59.63 million
Net interest income $ 39.38 million
Provision for loan and lease losses $ 0.75 million
Total non interest income $ 5.91 million
Total non interest expense $ 36.02 million
Pre-tax Net Operating Income $ 20.77 million


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