Southern First Bank

Headquarters

100 Verdae Boulevard, Suite 100
Greenville, SC 29607
See all branch locations →

Phone 877-679-9646

Southern First Bank
Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD 0.70% 0.70% →
2-Year CD 0.50% 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Southern First Bank is an FDIC insured institution located in Greenville, SC. It was founded in 2000 and has approximately $2.48 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 35295
Date Established 2000
Assets $ 2.48 billion
Loans $ 2.16 billion
Deposits $ 2.16 billion
Capital $ 255.12 million
 

For a more detailed analysis of Southern First Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 20, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $25,000 $99,999 Learn More
Money Market
0.15% $100,000 $249,999 Learn More
CD Rates APY MIN MAX
12 Mo CD
0.15% $10,000 $14,999 Learn More
Special: 12 Mo CD
0.60% $25,000 $249,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
Special: 12 Mo CD
0.70% $250,000 - Learn More
18 Mo CD
0.10% $10,000 $14,999 Learn More
Special: 18 Mo CD
0.50% $25,000 $249,999 Learn More
18 Mo CD
0.10% $100,000 $199,999 Learn More
Special: 18 Mo CD
0.60% $250,000 - Learn More
24 Mo CD
0.05% $10,000 $14,999 Learn More
Special: 24 Mo CD
0.40% $25,000 $249,999 Learn More
24 Mo CD
0.05% $100,000 $199,999 Learn More
Special: 24 Mo CD
0.50% $250,000 - Learn More
36 Mo CD
0.03% $10,000 $14,999 Learn More
Special: 36 Mo CD
0.30% $25,000 $249,999 Learn More
36 Mo CD
0.03% $100,000 $199,999 Learn More
Special: 36 Mo CD
0.40% $250,000 - Learn More

Fixed IRA Rates APY MIN MAX
Special: 12 Mo FIRA
0.60% $25,000 $249,999 Learn MoreShow Less
Special: 12 Mo FIRA
0.70% $250,000 - Learn MoreShow Less
Special: 18 Mo FIRA
0.50% $25,000 $249,999 Learn MoreShow Less
Special: 18 Mo FIRA
0.60% $250,000 - Learn MoreShow Less
Special: 24 Mo FIRA
0.40% $25,000 $249,999 Learn MoreShow Less
Special: 24 Mo FIRA
0.50% $250,000 - Learn MoreShow Less
Special: 36 Mo FIRA
0.30% $25,000 $249,999 Learn MoreShow Less
Special: 36 Mo FIRA
0.40% $2,500,000 - Learn MoreShow Less
 

Loan Rates - June 20, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Southern First Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.465% 3.375%
0.63 points
$2,812 fees
$1,106 Learn More
CIT Bank
NMLS ID: 541760
3.016% 2.950%
0.88 points
$2,105 fees
$1,048 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Southern First Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Southern First Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Southern First Bank Locations


Financial Details

Southern First Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Southern First Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Southern First Bank U.S. Bank Average
3.09% 5.49%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2020, Southern First Bank had $8,070,000 in non-current loans and $1,169,000 in owned real estate. To cover these potential losses it had $255,115,000 in equity and $44,149,000 in loans loss reserves. That gives it a Texas Ratio of 3.09%.

Return on Equity
Southern First Bank U.S. Bank Average
8.18% 9.24%

Southern First Bank has a Return on Equity of 8.18% versus the BestCashCow average of 9.24%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Southern First Bank U.S. Bank Average
10.28% 11.96%

Southern First Bank has a Capitalization of 10.28% versus the BestCashCow average of 11.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Southern First Bank Balance Sheet Analysis

As of December 31, 2020, Southern First Bank had assets of $2,482,257,000, loans of $2,158,976,000, and deposits of $2,159,660,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 79.14 million
Interest-bearing balances $ 65.62 million
Total securities $ 94.73 million
Federal funds sold and reverse repurchase $ 21.74 million
Net loans and leases $ 2.16 billion
Loan loss allowance $ 44.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.17 million
Goodwill and other intangibles N.A.
All other assets $ 66.31 million
     Total Assets $ 2.23 billion
LIABILITIES
Total deposits $ 2.16 billion
      Interest-bearing deposits $ 1,573.68 million
      Deposits held in domestic offices $ 2.16 billion
      % insured (estimated) 59.32%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 44.53 million
Subordinated debt N.A.
All other liabilities $ 22.95 million
      Total Liabilities $ 2.23 billion
      Shareholders’ Equity $ 255.12 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 97.57 million
Total Interest Expense $ 13.32 million
Net interest income $ 84.25 million
Provision for loan and lease losses $ 29.60 million
Total non interest income $ 28.20 million
Total non interest expense $ 57.06 million
Pre-tax Net Operating Income $ 25.79 million

Bank Loan Profile?

The top three loan types in Southern First Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Southern First Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 42.14
Multifamily
Mortgages
0.73
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 8.91
Construction and Development Loans 7.78
Commercial Real Estate 38.97
Commercial and Industrial Loans 10.50
Farm Loans 0.00

Frequently Asked Questions About Southern First Bank

Branches and Savings

Is Southern First Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35295.

Why does Southern First Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Southern First Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Southern First Bank a commercial bank?

Yes

Where are Southern First Bank locations?

See branch locations nearby.

Is Southern First Bank open on Saturdays?

Is Southern First Bank open on Sundays?

What time does Southern First Bank open?

What time does Southern First Bank close?

Are Southern First Bank ATMs Open 24/7?

Do Southern First Bank ATMs accept cash deposits?

Can Southern First Bank customers use other ATMs?

Do Southern First Bank branches have notaries?

Will Southern First Bank notarize my document?

What address for Southern First Bank should I put for incoming ACH transfers?

Will the Southern First Bank branch print checks?

Do Southern First Bank checks expire?

Does Southern First Bank require US citizenship to open account?

Can Southern First Bank close my account?

Does Southern First Bank Report to credit bureaus?

Does Southern First Bank Use Equifax?

What is Southern First Bank's ACH Routing Number?

What is Southern First Bank's SWIFT code?

Products

Does Southern First Bank offer mortgages?

Compare mortgage rates here.

Does Southern First Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Southern First Bank offer personal loans?

Compare personal loan rates here.

Does Southern First Bank offer student loans?

Will Southern First Bank cash a check?

Will Southern First Bank redeem a savings bond?

Does Southern First Bank cash savings bonds?

Will Southern First Bank cash money orders?

Can Southern First Bank issue a money order?

Does Southern First Bank do currency exchange?

Background on The Bank

Who owns Southern First Bank?

How long has Southern First Bank been around?

Can Southern First Bank transfer to other banks?

Does Southern First Bank have quick pay?

Does Southern First Bank accept rolled coins?

Will Southern First Bank accept loose change?

Where is Southern First Bank headquarters?

Customer Reviews for Southern First Bank


  • January 12, 2020

    My wife is changing from Southern First because of the trouble she has getting her Zelle transfers. Zelle has been contacted and the Bank. Yet the Bank won't own up for lack of responsibility. Just blames others. Happened multiple times.

  • August 5, 2019 |

    CDs 12 Month Rates

    What you show on BestCashCow, is not offered by Southern First when asked.

Add Your Review

Rate it here →

*Should any logos, images or public notes appear on this page,they do so courtesy of Southern First Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.