SOUTHERN FIRST BANCSHARES INC
For the period ended Sep 30, 2026. Filed Oct 30, 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.
Sep 30, 2026 · Filed Oct 30, 2026
SFST$60.43-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
(Unaudited)
| For the nine months ended September 30, | ||
|---|---|---|
| (dollars in thousands) | 2026 | 2025 |
| Operating activities | ||
| Net income | $33,309 | 20,509 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Provision for credit losses | 3,725 | 2,300 |
| Depreciation and other amortization | 2,856 | 3,319 |
| Accretion and amortization of securities discounts and premium, net | (258) | 336 |
| Net change in operating leases | 403 | 69 |
| Gain on sale of real estate owned | (3) | - |
| Stock-based compensation expense | 1,963 | 1,681 |
| Gain on sale of loans held for sale | (3,634) | (4,552) |
| Loans originated and held for sale | (125,434) | (154,847) |
| Proceeds from sale of loans held for sale | 137,959 | 157,058 |
| Increase in cash surrender value of bank owned life insurance | (1,384) | (1,254) |
| Decrease in deferred tax asset | 1 | - |
| (Increase) decrease in other assets | (1,215) | 2,755 |
| Increase in other liabilities | 1,879 | 5,169 |
| Net cash provided by operating activities | 50,167 | 32,543 |
| Investing activities | ||
| Increase (decrease) in cash realized from: | ||
| Increase in loans, net | (333,213) | (157,544) |
| Purchase of property and equipment | (2,530) | (309) |
| Purchase of investment securities: | ||
| Available for sale | (36,373) | (3,220) |
| Other investments | (410) | (576) |
| Payments and maturities, calls and repayments of investment securities: | ||
| Available for sale | 11,765 | 7,826 |
| Proceeds from the sale of real estate acquired in settlement of loans | 529 | - |
| Net cash used for investing activities | (360,232) | (153,823) |
| Financing activities | ||
| Increase (decrease) in cash realized from: | ||
| Increase in deposits, net | 388,401 | 240,652 |
| Repayment of subordinated debentures | (11,500) | - |
| Proceeds from issuance of common stock, net | 61,332 | - |
| Proceeds from the exercise of stock options | 2,555 | 1,097 |
| Restricted shares withheld for taxes | (807) | (429) |
| Net cash provided by financing activities | 439,981 | 241,320 |
| Net increase in cash and cash equivalents | 129,916 | 120,040 |
| Cash and cash equivalents at beginning of the period | 269,583 | 162,863 |
| Cash and cash equivalents at end of the period | $399,499 | 282,903 |
| Supplemental information | ||
| Cash paid for | ||
| Interest | $76,245 | 79,536 |
| Income taxes | 10,962 | 7,255 |
| Schedule of non-cash transactions | ||
| Unrealized (loss) gain on securities, net of income taxes | (4,957) | 3,046 |
| Foreclosure of other real estate | 1,944 | 275 |
| Right-of-use assets obtained in exchange for lease obligations: | ||
| Operating leases | 5,761 | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.