Southern First Bank

What sets Southern First Bank apart

How large is Southern First Bank?

The balance sheet of Southern First Bank at Q2 2026: assets $4.7 bn, deposits $4.0 bn, net loans $4.0 bn (loans equal to 99.81% of deposits). Securities make up 3.1% of total assets at Southern First Bank. Since Q1 2016, when Southern First Bank held $1.2 bn, its assets grew 280.3%. In the year to Q2 2026, deposits at Southern First Bank rose 9.5% while its total assets rose 9.1%. At Q2 2026, Southern First Bank employed 324 full-time equivalent staff across 12 offices, about $14.5 mn of assets per employee and $333.7 mn of deposits per office.

How much funding at Southern First Bank is uninsured?

At Southern First Bank, uninsured deposits (above the FDIC limit) made up 45.94% of domestic deposits at Q2 2026 (+8.06 pp on a year earlier); Southern First Bank ranks 124th of 500 on this measure. In dollars, Southern First Bank estimated $1.8 bn of uninsured deposits.

Key facts, Q2 2026

US rank of Southern First Bank: 1 = highest unless marked 1 = lowest.

The CET1 ratio of Southern First Bank stood at 11.61% in Q2 2026, +0.28 pp year on year. Low and high at Southern First Bank since Q1 2016: 10.35% (Q1 2016) to 13.16% (Q2 2021). Equity capital of Southern First Bank at Q2 2026: $408.5 mn, or 8.7% of total assets. Southern First Bank also reported a total capital ratio of 12.84% for Q2 2026, and a tier 1 leverage ratio of 8.89%.

The available-for-sale portfolio of Southern First Bank showed an unrealized loss of $10.6 mn at Q2 2026; the loss narrowed by $1.6 mn over the year.

For the year to Q2 2026, Southern First Bank earned a return on equity of 11.01%; return on assets: 0.96%. Net interest margin at Southern First Bank: 2.93%, +0.45 pp in a year. Southern First Bank net income: $21.9 mn, up 72.3% year on year. The efficiency ratio of Southern First Bank was 57.36%: about 57 cents cost per revenue dollar, against 57 cents at the median peer.

At Q2 2026, noncurrent loans were 0.28% of total loans at Southern First Bank; net charge-offs: 0.01% of average loans. Gross loans and leases at Southern First Bank: $4.0 bn, up 7.5% in a year.

The peer group of Southern First Bank is the 6 banks nearest to it by total assets at Q2 2026: 3 larger and 3 smaller. Of the peers, 3 share the charter type of Southern First Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in South Carolina. Against them, Southern First Bank shows CET1 ratio 11.61% against a peer median of 14.64%, return on equity 11.01% against a peer median of 12.73% and uninsured deposit share 45.94% against a peer median of 25.58%.

No merger or acquisition by Southern First Bank appears in the FDIC history since Q1 2016, and its total assets never moved more than 25% in one quarter.