Southern First Bank, National Association

Southern First Bank, National Association is headquartered in Greenville and is the 9^th largest bank in the state of South Carolina. It is also the 862^nd largest bank in the nation. It was established in 2000 and as of March of 2012, it had grown to 114 employees at 6 locations. Southern First Bank, National Association has a 3-star health rating.

Data for Q1 2012

Institution Statistics Southern First Bank, National Association FDIC Certificate # 35295 BankRate Report View Year Established 2000 Employees 114 Primary Regulator OCC Assets and Liabilities Assets $768.39 million Loans $598.73 million Deposits $568.03 million Equity Capital $74.61 million Loan Loss Allowance $9.20 million Unbacked Noncurrent Loans $10.04 million Real Estate Owned $3.73 million Historic Data - March 2011 Assets $759.56 million Equity Capital $71.25 million Loan Loss Allowance $8.39 million Unbacked Noncurrent Loans $10.96 million Real Estate Owned $3.87 million Profit Margin - Quarterly Net Interest Margin 3.54% Return on Assets 0.42% Return on Equity 4.32% Interest Income $8.58 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Southern First Bank, National Association had $13.78 million in non-current loans and owned real-estate with $83.8 million in equity and loan loss allowances on hand to cover it. This gives Southern First Bank, National Association a Texas Ratio of 16.44% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Southern First Bank, National Association held steady from 18.62% as of March 31, 2011 to 16.44% as of March 31, 2012, resulting in a positive change of 11.72%.This indicates that the balance sheet and financial strength for Southern First Bank, National Association has held steady in recent periods. Deposit Growth In the past year, Southern First Bank, National Association has increased its total deposits by $5.39 million, resulting in 0.96% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Southern First Bank, National Association has shown is average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Southern First Bank, National Association has $768.38 million in assets with $83.8 million in equity, resulting in a capitalization level of 10.91%, which is above average.

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