Southern First Bank Mortgage Rates, Fees & Info

GREENVILLE, SC

LEI: 549300PP6R8WIOP60124

Tax ID: 56-2184826

Latest/2023 | 2022 Data | 2021 Data | 2020 Data |

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Mortgage Data

Bank Data

Review & Overview

Southern First Bank is a small bank specializing in Home Purchase and Refi loans. Southern First Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Greenville, Charleston, Atlanta, Columbia, and Spartanburg among others. We have data for 61 markets. (Some data included below & more in-depth data is available with an active subscription.)

Southern First Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Southern First Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
30 Year Conventional Purchase 6.39% 3/28/24
30 Year Conventional Refi 6.36% 3/28/24
30 Year Cash-out Refi 6.51% 3/28/24
30 Year FHA Purchase 7.33% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
30 Year VA Purchase 6.45% 3/28/24
30 Year VA Refi 6.01% 3/28/24
30 Year USDA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.09% 3/28/24
15 Year Conventional Refi 6.05% 3/28/24
15 Year Cash-out Refi 6.05% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Southern First Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Southern First Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,751

Origination Dollar Volume (All Markets)

$1,070,825,000

Employee count

278 Show all (14) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1,228 $415,230,000 $338,135 $3,493 3.06%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 339 $176,555,000 $520,811 $4,213 3.25%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 292 $160,570,000 $549,897 $4,353 3.12%
COLUMBIA, SC (FHA|USDA|VA) 260 $80,820,000 $310,846 $3,042 2.98%
SPARTANBURG, SC (FHA|USDA|VA) 118 $31,790,000 $269,407 $3,331 3.13%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 100 $29,330,000 $293,300 $3,031 3.22%
RALEIGH-CARY, NC (FHA|USDA|VA) 69 $23,135,000 $335,290 $2,640 3.06%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 52 $21,820,000 $419,615 $4,169 3.13%
Outside of Metro Areas 40 $18,820,000 $470,500 $4,253 3.13%
Seneca, SC (FHA|USDA|VA) 24 $11,960,000 $498,333 $3,567 2.99%
Georgetown, SC (FHA|USDA|VA) 11 $8,535,000 $775,909 $2,731 2.92%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 12 $8,460,000 $705,000 $4,738 3.36%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 29 $7,995,000 $275,690 $2,761 3.15%
ASHEVILLE, NC (FHA|USDA|VA) 18 $7,890,000 $438,333 $4,311 3.29%
WINSTON-SALEM, NC (FHA|USDA|VA) 30 $7,440,000 $248,000 $3,273 3.32%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 17 $7,405,000 $435,588 $3,475 3.39%
Morehead City, NC (FHA|USDA|VA) 10 $5,500,000 $550,000 $3,129 3.19%
Cullowhee, NC (FHA|USDA|VA) 4 $5,210,000 $1,302,500 $6,867 2.91%
BRUNSWICK, GA (FHA|USDA|VA) 4 $4,040,000 $1,010,000 $11,315 3.39%
Brevard, NC (FHA|USDA|VA) 4 $3,750,000 $937,500 $6,543 3.40%
WILMINGTON, NC (FHA|USDA|VA) 5 $3,095,000 $619,000 $3,200 3.20%
BURLINGTON, NC (FHA|USDA|VA) 4 $2,220,000 $555,000 $2,731 3.04%
GAINESVILLE, GA (FHA|USDA|VA) 6 $2,150,000 $358,333 $3,653 3.17%
Greenwood, SC (FHA|USDA|VA) 5 $2,085,000 $417,000 $3,059 3.55%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 3.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $1,810,000 $452,500 $5,785 3.24%
SUMTER, SC (FHA|USDA|VA) 8 $1,700,000 $212,500 $3,270 2.97%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 6 $1,540,000 $256,667 $3,288 3.08%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,465,000 $488,333 $4,578 3.29%
ROANOKE, VA (FHA|USDA|VA) 3 $1,425,000 $475,000 $2,029 2.54%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $1,170,000 $585,000 $3,656 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,140,000 $570,000 $0 3.38%
Forest City, NC (FHA|USDA|VA) 2 $1,070,000 $535,000 $3,775 3.00%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $965,000 $965,000 $3,931 3.25%
Newberry, SC (FHA|USDA|VA) 4 $930,000 $232,500 $2,730 3.71%
Orangeburg, SC (FHA|USDA|VA) 3 $815,000 $271,667 $3,198 3.25%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $805,000 $805,000 $4,234 3.25%
GOLDSBORO, NC (FHA|USDA|VA) 1 $755,000 $755,000 $0 3.95%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $745,000 $745,000 $4,699 3.25%
FLORENCE, SC (FHA|USDA|VA) 3 $735,000 $245,000 $3,143 3.02%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $730,000 $365,000 $3,882 3.06%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $650,000 $325,000 $3,908 2.94%
COLUMBUS, OH (FHA|USDA|VA) 1 $525,000 $525,000 $1,590 2.88%
SAVANNAH, GA (FHA|USDA|VA) 1 $365,000 $365,000 $4,922 3.25%
PITTSBURGH, PA (FHA|USDA|VA) 1 $355,000 $355,000 $0 3.25%
Shelby, NC (FHA|USDA|VA) 1 $315,000 $315,000 $3,302 2.88%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $305,000 $305,000 $3,282 2.63%
ROME, GA (FHA|USDA|VA) 1 $295,000 $295,000 $3,360 3.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $275,000 $275,000 $2,746 3.13%
Mount Airy, NC (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.25%
Boone, NC (FHA|USDA|VA) 1 $235,000 $235,000 $3,678 3.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $215,000 $215,000 $7,318 2.88%
CLEVELAND, TN (FHA|USDA|VA) 1 $205,000 $205,000 $3,082 3.00%
RICHMOND, VA (FHA|USDA|VA) 1 $205,000 $205,000 $2,463 2.88%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,577 2.25%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $170,000 $85,000 $2,272 3.43%
Milledgeville, GA (FHA|USDA|VA) 2 $160,000 $80,000 $0 3.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,237 3.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,196 2.88%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.25%
Southern First Bank's top markets include Greenville, Charleston, Atlanta, Columbia, and Spartanburg among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,225 $954,145,000 $428,829 $3,534 3.07%
    HELOC 473 $102,035,000 $215,719 n/a 3.33%
    VA 25 $8,185,000 $327,400 $5,346 2.53%
    FHA 24 $5,740,000 $239,167 $7,179 2.74%
    USDA 4 $720,000 $180,000 $4,820 2.53%

    For 2021, Southern First Bank's most frequently originated type of loan was Conventional, with 2,225 originations. Their 2nd most popular type was HELOC, with 473 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,065 $481,425,000 $452,042 $4,434 3.17%
    Refi 948 $390,160,000 $411,561 $2,951 2.99%
    Other 299 $63,585,000 $212,659 $2,950 3.31%
    Cash Out Refi 296 $99,990,000 $337,804 $3,057 2.93%
    Home Improvement 143 $35,665,000 $249,406 $4,069 3.36%

    For 2021, Southern First Bank's most frequently cited loan purpose was Home Purchase, with 1,065 originations. The 2nd most popular reason was Refi, with 948 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,585 $670,625,000 $423,107 $3,682 3.03%
    15 Year 749 $196,595,000 $262,477 $3,064 3.08%
    Other 152 $78,290,000 $515,066 $3,681 3.66%
    10 Year 111 $47,275,000 $425,901 $3,971 3.47%
    20 Year 81 $29,245,000 $361,049 $3,181 3.03%
    5 Year 30 $23,630,000 $787,667 $5,771 3.82%
    30+ year 25 $17,815,000 $712,600 $4,366 3.11%
    1 Year 15 $5,945,000 $396,333 $3,772 3.66%
    3 Year 3 $1,405,000 $468,333 $0 4.03%

    For 2021, Southern First Bank's most frequently cited loan duration was 30 Year, with 1,585 originations. The 2nd most popular length was 15 Year, with 749 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,460 $524,100,000 $358,973
    $<1k 243 $122,015,000 $502,119
    $2k-3k 128 $68,650,000 $536,328
    $3k-4k 77 $52,995,000 $688,247
    $5k+ 33 $45,675,000 $1,384,091
    $4k-5k 26 $20,270,000 $779,615

    Southern First Bank's average total fees were $3,682, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,460 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,453 $610,835,000 $420,396
    2.5-3% 922 $346,110,000 $375,390
    <2.5% 313 $94,465,000 $301,805
    4-5% 63 $19,415,000 $308,175

    During 2021, Southern First Bank's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 3-4%, with 1,453 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,020 $287,640,000 $282,000 $3,162 3.02%
    $100k-200k 584 $87,520,000 $149,863 $2,522 3.11%
    $400k-600k 510 $246,170,000 $482,686 $3,658 3.02%
    $600k-1MM 285 $217,075,000 $761,667 $5,089 3.23%
    $100,000 or less 213 $13,735,000 $64,484 $2,095 3.42%
    $1MM+ 139 $218,685,000 $1,573,273 $7,597 3.33%

    2021 saw Southern First Bank place emphasis on $200k-400k loans with 1,020 originations, totaling $287,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 729 $423,795,000 $581,337 $4,618 3.15%
    $150k-250k 559 $214,155,000 $383,104 $3,693 3.08%
    $100k-150k 502 $154,900,000 $308,566 $3,334 3.01%
    $50k-75k 285 $58,975,000 $206,930 $3,037 2.96%
    $75k-100k 273 $70,965,000 $259,945 $3,107 3.04%
    $50k or less 147 $22,805,000 $155,136 $2,686 2.95%

    Southern First Bank lent most frequently to those with incomes in the $250k+ range, with 729 originations. The second most popular income band? $150k-250k, with 559 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 805 $299,715,000 $372,317 $3,635 3.06%
    <20% 767 $310,485,000 $404,804 $3,615 3.09%
    30-36% 403 $143,565,000 $356,241 $3,653 3.05%
    37% 61 $21,665,000 $355,164 $3,488 3.04%
    36% 59 $22,525,000 $381,780 $3,632 3.09%
    39% 53 $20,575,000 $388,208 $3,304 3.01%
    38% 52 $20,660,000 $397,308 $3,739 3.04%
    42% 46 $15,370,000 $334,130 $2,992 2.92%
    40% 44 $14,270,000 $324,318 $3,240 2.93%
    43% 38 $10,830,000 $285,000 $3,717 3.02%
    44% 37 $13,995,000 $378,243 $3,337 2.94%
    41% 35 $15,655,000 $447,286 $3,781 3.01%
    45% 25 $6,535,000 $261,400 $3,247 2.94%
    46% 21 $6,065,000 $288,810 $3,241 2.89%
    47% 20 $5,830,000 $291,500 $3,830 3.02%
    49% 20 $6,630,000 $331,500 $3,619 2.98%
    50-60% 19 $5,805,000 $305,526 $4,796 3.27%
    48% 15 $5,155,000 $343,667 $2,974 2.93%
    >60% 9 $3,495,000 $388,333 $4,473 3.32%

    Southern First Bank lent most frequently to those with DTI ratios of 20-30%, with 805 originations. The next most common DTI ratio? <20%, with 767 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,089 $783,035,000 $374,837 $3,529 3.02%
    Not provided 357 $137,235,000 $384,412 $4,139 3.26%
    Not applicable 200 $110,270,000 $551,350 $0 3.75%
    Black 50 $16,830,000 $336,600 $3,613 3.01%
    Asian 39 $16,065,000 $411,923 $4,110 3.05%
    Asian Indian 7 $3,665,000 $523,571 $4,023 3.14%
    American Indian 6 $2,840,000 $473,333 $3,726 3.04%
    Native Hawaiian or Islander 1 $475,000 $475,000 $2,474 2.75%
    Other Pacific Islander 2 $410,000 $205,000 $3,385 3.55%

    Approval Rates

    Total approvals of all applications
    98.91%

    Southern First Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.55%

    Southern First Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,751 $1,070,825,000 $389,249

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,751 $1,070,825,000 $389,249

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 319 $92,185,000 $288,981 $2,785 3.10%
    40-60% 440 $193,280,000 $439,273 $3,247 2.98%
    60-80% 1,070 $488,090,000 $456,159 $3,582 3.13%
    80-100% 676 $264,200,000 $390,828 $4,018 3.07%
    Over 100% 8 $5,330,000 $666,250 $7,730 3.24%
    Under 20% 237 $27,635,000 $116,603 $2,020 3.34%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    SOUTHERN TRUST MORTGAGE LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Southern First Bank 100 South Elm Street, Suite 100 Greensboro, NC 27401 Full Service B&M $57,177
    Southern First Bank 100 Verdae Boulevard, Suite 100 Greenville, SC 29607 Full Service B&M $730,110
    Southern First Bank 105 Front Street Summerville, SC 29486 Full Service B&M $39,547
    Southern First Bank 190 Knox Abbott Drive Cayce, SC 29033 Full Service B&M $270,625
    Southern First Bank 1900 Woodruff Rd Greenville, SC 29607 Full Service B&M $111,423
    Southern First Bank 2125 Augusta Street Greenville, SC 29605 Full Service B&M $171,259
    Southern First Bank 307 The Parkway Greer, SC 29650 Full Service B&M $119,173
    Southern First Bank 309 East Paces Ferry Road Ne Atlanta, GA 30305 Full Service B&M $210,717
    Southern First Bank 5444 Wade Park Boulevard, Suite 100 Raleigh, NC 27607 Full Service B&M $94,362
    Southern First Bank 691 Johnnie Dodds Boulevard Mount Pleasant, SC 29464 Full Service Retail $159,660
    Southern First Bank 80 Calhoun Street Charleston, SC 29401 Full Service B&M $365,445

    For 2021, Southern First Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $93,891
    Net interest income $89,959
    Total noninterest income $17,759
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $757
    Trading account gains and fees $0
    Additional Noninterest Income $17,002
    Pre-tax net operating income $62,596
    Securities gains (or losses, -) $-3
    Income before extraordinary items $48,125
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $48,125
    Minority interest net income $0
    Net income $48,125
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $48,127

    Southern First Bank's gross interest income from loans was $93,891,000.
    Southern First Bank's net interest income from loans was $89,959,000.
    Southern First Bank's fee based income from loans was $757,000.
    Southern First Bank's net income from loans was $48,125,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,932
    Provision for credit losses $-12,400
    Total noninterest expense $57,522
    Salaries and employee benefits $35,068
    Premises and equipment expense $6,731
    Additional noninterest expense $15,723
    Applicable income taxes $14,468
    Net charge-offs $1,341
    Cash dividends $0

    Southern First Bank's interest expense for loans was $3,932,000.
    Southern First Bank's payroll and benefits expense were $35,068,000.
    Southern First Bank's property, plant and equipment expenses $6,731,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $2,581,680
    Deposits held in domestic offices $2,581,680
    Deposits by Individuals, partnerships, and corporations $2,229,484
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $279,970
    Deposits by Commercial banks and other depository institutions in U.S. $72,226
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,175,912
    Demand deposits $774,124
    Nontransaction accounts $1,405,768
    Money market deposit accounts (MMDAs) $1,213,479
    Other savings deposits (excluding MMDAs) $39,696
    Total time deposits $152,593
    Total time and savings deposits $1,807,556
    Noninterest-bearing deposits $774,124
    Interest-bearing deposits $1,807,556
    Retail deposits $2,503,766
    IRAs and Keogh plan accounts $17,389
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,925,939
    Cash & Balances due from depository institutions $143,373
    Interest-bearing balances $120,289
    Total securities $120,281
    Federal funds sold & reverse repurchase $25,000
    Net loans and leases $2,473,025
    Loan and leases loss allowance $30,408
    Trading account assets $0
    Bank premises and fixed assets $92,339
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $71,921

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,925,939
    Total Liabilities $2,624,462
    Total deposits $2,581,680
    Interest-bearing deposits $1,807,556
    Deposits held in domestic offices $2,581,680
    % insured (estimated) $55
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $28,013
    Subordinated debt $0
    All other liabilities $14,769

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,473,025
    Loan and leases loss allowance $30,408
    Total loans and leases (domestic) $2,503,433
    All real estate loans $2,239,109
    Real estate loans in domestic offices $2,239,109
    Construction and development loans $193,744
    Residential 1-4 family construction $67,134
    Other construction, all land development and other land $126,610
    Loans secured by nonfarm nonresidential properties $947,710
    Nonfarm nonresidential secured by owner-occupied properties $459,734
    Commercial real estate & other non-farm, non-residential $487,976
    Multifamily residential real estate $21,534
    1-4 family residential loans $1,057,325
    Farmland loans $18,796
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $237,348
    To non-U.S. addressees $0
    Loans to individuals $26,889
    Credit card loans $0
    Related Plans $13,925
    Consumer Auto Loans $1,243
    Other loans to individuals $11,721
    All other loans & leases $87
    Loans to foreign governments and official institutions $0
    Other loans $87
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $10
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,299
    Non 1-4 family restructured loans & leases $1,227
    Total loans and leases (foreign) $0

    Southern First Bank had $2,473,025,000 of loans outstanding in 2021. $2,239,109,000 of loans were in real estate loans. $193,744,000 of loans were in development loans. $21,534,000 of loans were in multifamily mortgage loans. $1,057,325,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,243,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 626 $212,355 $339,225
    Nonfarm, nonresidential loans - <$100k 49 $2,827 $57,694
    Nonfarm, nonresidential loans - $100-250k 177 $26,603 $150,299
    Nonfarm, nonresidential loans - $250k-1MM 400 $182,925 $457,313
    Commercial & Industrial, US addressed loans - <$1MM 1,175 $130,945 $111,443
    Commercial & Industrial, US addressed loans - <$100k 554 $12,666 $22,863
    Commercial & Industrial, US addressed loans - $100-250k 300 $24,314 $81,047
    Commercial & Industrial, US addressed loans - $250k-1MM 321 $93,965 $292,726
    Farmland loans - <$1MM 29 $5,216 $179,862
    Farmland loans - <$100k 6 $311 $51,833
    Farmland loans - $100-250k 15 $2,422 $161,467
    Farmland loans - $250k-1MM 8 $2,483 $310,375