SOUTHERN FIRST BANCSHARES INC
For the period ended Mar 31, 2026. Filed May 1, 2026.
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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, 2026 · Filed May 1, 2026
SFST$60.82+2.6%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
| March 31, | December 31, | |
|---|---|---|
| (dollars in thousands, except share data) | 2026 | 2025 |
| (Unaudited) | (Audited) | |
| ASSETS | ||
| Cash and cash equivalents: | ||
| Cash and due from banks | $32,723 | 27,821 |
| Federal funds sold | 228,235 | 183,473 |
| Interest-bearing deposits with banks | 81,818 | 58,289 |
| Total cash and cash equivalents | 342,776 | 269,583 |
| Investment securities: | ||
| Investment securities available for sale | 124,224 | 127,730 |
| Other investments | 20,377 | 20,063 |
| Total investment securities | 144,601 | 147,793 |
| Mortgage loans held for sale | 13,723 | 11,569 |
| Loans | 3,942,219 | 3,845,124 |
| Less allowance for credit losses | (43,378) | (42,280) |
| Loans, net | 3,898,841 | 3,802,844 |
| Bank owned life insurance | 56,221 | 55,775 |
| Property and equipment, net | 88,580 | 83,465 |
| Deferred income taxes, net | 13,812 | 13,702 |
| Other assets | 19,848 | 18,763 |
| Total assets | $4,578,402 | 4,403,494 |
| LIABILITIES | ||
| Deposits | $3,873,455 | 3,716,803 |
| Federal Home Loan Bank advances and other borrowings | 240,000 | 240,000 |
| Subordinated debentures | 24,903 | 24,903 |
| Other liabilities | 60,631 | 53,131 |
| Total liabilities | 4,198,989 | 4,034,837 |
| SHAREHOLDERS’ EQUITY | ||
| Preferred stock, par value $.01 per share, 10,000,000 shares authorized | - | - |
| Common stock, par value $.01 per share, 20,000,000 shares authorized, 8,247,665 and 8,213,328 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively. | 82 | 82 |
| Nonvested restricted stock | (1,302) | (1,338) |
| Additional paid-in capital | 127,168 | 125,924 |
| Accumulated other comprehensive loss | (7,865) | (7,454) |
| Retained earnings | 261,330 | 251,443 |
| Total shareholders’ equity | 379,413 | 368,657 |
| Total liabilities and shareholders’ equity | $4,578,402 | 4,403,494 |
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