# SOUTHERN FIRST BANK
GREENVILLE, SC · FDIC certificate 35295 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $4.70B | |
| Deposits | $4.00B | |
| Loans and leases | $4.04B | |
| Total equity | $408.5M | |
| Loans / deposits | 99.81% (p85 of band) | 87.10% |
| Liquid assets / assets | 10.86% (p7 of band) | |
| Uninsured deposits / deposits | 45.94% (p85 of band) | 30.76% |
| Brokered deposits | 8.07% | |
| Wholesale funding | 13.17% (p74 of band) | |
| FHLB advances / assets | 5.10% | |
| Tier 1 leverage | 8.89% (p10 of band) | 10.50% |
| Unrealized securities loss / equity | -2.59% (p76 of band) | -7.75% |
| AOCI / equity | -0.22% (p55 of band) | |
| ROA (annualized) | 0.96% (p28 of band) | 1.26% |
| Net interest margin | 2.93% (p13 of band) | 3.70% |
| Efficiency ratio | 57.36% (p44 of band) | |
| Noncurrent loans | 0.28% (p31 of band) | 0.51% |
| Net charge-offs (annualized) | 0.01% (p34 of band) | |
| Reserve coverage of noncurrent | 395.42% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 57.33% (p60 of band) | |
| Auto loans | $2.1M (0.05% of loans; DQ 0.98%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 9.5% | |
| Employees | 324 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 3 |  |  |
| 2012-06 | 3 |  |  |
| 2012-09 | 2 |  | reserve under noncurrent |
| 2012-12 | 3 | capital falling |  |
| 2013-03 | 4 | construction >100% equity |  |
| 2013-06 | 3 |  | construction >100% equity |
| 2013-09 | 3 | construction >100% equity | capital falling |
| 2013-12 | 3 |  |  |
| 2014-03 | 3 |  |  |
| 2014-06 | 4 | reserve under noncurrent |  |
| 2014-09 | 4 | charge-offs p90 | reserve under noncurrent |
| 2014-12 | 5 | liquid assets <10%, capital falling | charge-offs p90 |
| 2015-03 | 5 |  |  |
| 2015-06 | 5 |  |  |
| 2015-09 | 5 |  |  |
| 2015-12 | 3 |  | wholesale funding >15%, liquid assets <10% |
| 2016-03 | 2 |  | capital falling |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 | liquid assets <10% | construction >100% equity |
| 2016-12 | 3 | construction >100% equity |  |
| 2017-03 | 0 |  | loans exceed deposits, liquid assets <10%, construction >100% equity |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | liquid assets <10% |  |
| 2017-12 | 2 | capital falling |  |
| 2018-03 | 1 |  | liquid assets <10% |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | loans exceed deposits, liquid assets <10% | capital falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | loans exceed deposits |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | liquid assets <10% |
| 2019-12 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 1 | capital falling | loans exceed deposits, liquid assets <10% |
| 2020-09 | 0 |  | capital falling |
| 2020-12 | 1 | liquid assets <10% |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | capital falling |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 3 | loans exceed deposits |  |
| 2023-03 | 3 | NIM <2.5% | loans exceed deposits |
| 2023-06 | 6 | loans exceed deposits, brokered >10%, wholesale funding >15% |  |
| 2023-09 | 5 |  | brokered >10% |
| 2023-12 | 5 |  |  |
| 2024-03 | 5 | brokered >10% | capital falling |
| 2024-06 | 5 |  |  |
| 2024-09 | 5 |  |  |
| 2024-12 | 5 |  |  |
| 2025-03 | 4 |  | liquid assets <10% |
| 2025-06 | 5 | liquid assets <10% |  |
| 2025-09 | 5 | capital falling | NIM <2.5% |
| 2025-12 | 4 |  | capital falling |
| 2026-03 | 3 |  | liquid assets <10% |
| 2026-06 | 0 |  | loans exceed deposits, wholesale funding >15%, brokered >10% |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-04-07 [FIRST BANK APPOINTS WILL AIKEN TO LEAD SPECIALTY BUSINESSES - PR Newswire](https://news.google.com/rss/articles/CBMitgFBVV95cUxPOVRnelllWEdTSVhvYTE4QjNfcW9zZ05tX0J0Wk9qZ2Y0cTdwclFJRng4M1hLaGs1Q2VDcnRKTEZpVHk2Z3NhV043ZURLZFZvRGhVOFBhaXA2MmFUaDFmY0dTWVhLdzl6Y3JkRGdTRkQ4MEI2eDdzeF9kV2Nfb05wN0JGa2J4TlZ2Q29WTnl3RkJ2eGFIb1h0Mjd3VDgyYUxGZ0hQLUJmNWlvd0htaURRTXRxQkdPUQ?oc=5) · PR Newswire
- 2022-07-01 [Photos: Southern First Bank opening - upstate business journal](https://news.google.com/rss/articles/CBMiowFBVV95cUxPYjRNWVJIYzN3WkJ3d3JiUnYyc0M1emJFa1o4QzI1VmJIdUtnaFJ3c05lSnVJcmRlQXJhdWZFUEN3NGR0cHB1T3daTXlLUG5WRWxFbzdHT1BqbjVMN1plRXpDVmEzRUR0TTRyeVg3WFNURVRUZy16WTVQa0s0Q3FtUHZTQVhPd1ZkNGFNT0l3cUhXeU5CYnJQb1kxRXhVT1M1R1hn?oc=5) · upstate business journal
- 2025-04-16 [Art Seaver, founder of Southern First Bank, awarded Order of the Palmetto - Greenville Journal](https://news.google.com/rss/articles/CBMisgFBVV95cUxPSXdyN0VRUUxPTENPVFhRWUhsZElvM1RwY2cwUVBoTmJwWGJ5R1JaeUFwS3JuazNqTlpEMi1FVlZ0aXpKV0NISEtDSHFFX3lGVjZST0FnUTJUaVhveWYzdG5KdGhONDFpRWRCYUJHSGFuQTZSMGtIUUpPM3RTczJsakloOGFpN3V4VUVMWkszb2lSSUJaeUlWLVVON2hWeU5uZ3JIalY5UjZNLVh6X1dfRzBn?oc=5) · Greenville Journal
- 2024-11-05 [Southern First Names Jimmy Bailey Regional President in Charleston - Greenville Business Magazine](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQXzladTFoSlZYT0lRLXF6NmRFZ1NHRWEtakpYRVFiRlJ5NXY5dDgxeUZ4WkxRWTczZmVzQ0YzRW9CWTBpWHM5U3hKbGd2R296VDhXMmExeVlkVmMwT1N1OUdnQ0VmLWJiMmxDaDhfdWt1T3JEdnBmYndHT0dEUlRDTi13LU1EVzd2Mlh3SnVqRWNMYVkzeWZvbnQ5WnczMG4ycXNIUzZKRlpHbmNkeXBWNkttX3Y3SDhQ?oc=5) · Greenville Business Magazine
- 2022-06-21 [SOUTHERN FIRST BANK OPENS NEW HEADQUARTERS IN GREENVILLE, SC - PR Newswire](https://news.google.com/rss/articles/CBMitgFBVV95cUxPTl93S3BFRHFSUVlfQUVGSk1QSGNHMjRxS3V2Um9jVDJpaEN3RS1kLTIxSXJKdHNoOExCLVoxNDE0ajN6VFcyeWx1dURHQzRyUHVyeXhCZmV1STh2VlVLT3pQbG9RcURVbS1UYXJPRFFfc2kzNVlUdE9ISXJTWE5ob0VyWE1FVGhGTXFIRTdBTUN3OVlLYjIwZUtPOFpIWi1xTG1YYVNsMllmbGNoVUdCMkFHZTZzdw?oc=5) · PR Newswire
- 2025-04-24 [Southern First (SFST) Stock Price, News & Analysis - stocktitan.net](https://news.google.com/rss/articles/CBMiU0FVX3lxTE91TW5pdVJpblpYZUpUc0ZGb2VxR1htcTliY0FZUTloU2wwRWN3eVN0clNyNzR3ZW15cmxqdXZzcmxhT3lFMGFRYlE4cG5HNnVqb29R?oc=5) · stocktitan.net
- 2021-02-22 [Southern First Bank (SC) Review | Review, Fees, Offerings - SmartAsset](https://news.google.com/rss/articles/CBMihwFBVV95cUxNbmlkeW8xNjB5Y19VenZpRE43MzFoNFExdHd2bk5BWXlFMlJmNS1uZlhFdF9NRE15M0RJSERmV2Vnb3NpZEIyS0NRcHQxdWFPYnhzQWZZcGU5VS1PbzR2b0NQSFhwNUh5OUZaOFlFNXRMMlVVQXpwX2dUZ0czazAwRHdNLVhjQVk?oc=5) · SmartAsset
- 2020-09-11 [Southern First building what will be SC’s largest banking headquarters in Greenville - Post and Courier](https://news.google.com/rss/articles/CBMikwJBVV95cUxPZHh1c0dkTmNHWmQ2MXE0LWpQYk9aQ3NYZFBqeXBHWk9aVnlKN2NCOG84MG9UQkNUZkx5X2JLZGo4eUZMNkh2c3ROb216Q1lHdmRHOVppdGJWNjY3cnk2OGgybmEzQzlJMTFIaldLMGhvcDFrVHpmMlltOVFlaEZ3ZHpPbVVwZkJhZ2JTWGNRVUxrc1FYMDhmdDFsV2xCdXh6enl0b1NTQnZtUVdTMzZUMFEycGJSYWIxNE04Z0NxVkR4ME1sNTdRcTRRT3A0bi0zcnJJMUx2UW1sMFIyMTByWV94R1lUTE5WanBUV2ZzTjgwei1kU1lXQ2d4b0wxOHJnVEI3RHhxMnpKYWQ1TjllamVGdw?oc=5) · Post and Courier

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35295 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/31.json (key "35295", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide