SOUTHERN FIRST BANCSHARES INC

For the period ended Mar 31, 2025. Filed May 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 5, 2025

SFST$60.43-0.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

*(Unaudited)

	For the three months
	ended March 31,
(dollars in thousands, except share data)	2025	2024
Interest income
Loans	$47,085	45,605
Investment securities	1,403	1,478
Federal funds sold and interest-bearing deposits with banks	1,159	1,280
Total interest income	49,647	48,363
Interest expense
Deposits	23,569	26,932
Borrowings	2,695	2,786
Total interest expense	26,264	29,718
Net interest income	23,383	18,645
Provision for (reversal of) credit losses	750	(175)
Net interest income after provision for (reversal of) credit losses	22,633	18,820
Noninterest income
Mortgage banking income	1,424	1,164
Service fees on deposit accounts	539	387
ATM and debit card income	552	544
Income from bank owned life insurance	403	377
Other income	196	192
Total noninterest income	3,114	2,664
Noninterest expenses
Compensation and benefits	11,304	10,857
Occupancy	2,548	2,557
Outside service and data processing costs	2,037	1,846
Insurance	1,010	955
Professional fees	509	618
Marketing	374	369
Other	1,054	898
Total noninterest expenses	18,836	18,100
Income before income tax expense	6,911	3,384
Income tax expense	1,645	862
Net income	$5,266	2,522
Earnings per common share
Basic	$0.65	0.31
Diluted	0.65	0.31
Weighted average common shares outstanding
Basic	8,078,355	8,110,249
Diluted	8,110,514	8,141,921

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.