Southern First Bancshares, Inc. Overview
Pro stress-test →Southern First Bancshares operates as the bank holding company for Southern First Bank that provides commercial, consumer, and mortgage loans to the general public in South Carolina, North Carolina, and Georgia. The company has consolidated assets of approximately $4.4 billion and is described as the second largest bank headquartered in South Carolina.
Strategic Profile
Pro stress-test →The company operates using a simple and efficient "ClientFIRST" model focused on providing core banking products and services through a team of experienced bankers, with relationship teams providing each client a specific banker contact and consistent support. Recent performance shows solid loan growth funded by stronger deposit growth, with expanding net interest margins that increased 36 basis points over the prior year.
Competitive Landscape
Pro stress-test →Southern First competes in regional banking with an emphasis on relationship banking and personal service in Southeast markets. Primary competitors include other regional banks such as First Capital Bancshares, Bankwell Financial Group, and other community and regional banks in SC, NC, and GA markets.
Industry Context
Southern First Bancshares, Inc. operates in Regional Banking / Financial Services.
Key facts
Founded: 1999 · Headquarters: Greenville, SC