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Southfirst Bank

Sylacauga, AL · Cert 30433

FDIC · 3 branches

Q1 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2021, the quarter ended March 31, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Southfirst Bank

Sylacauga, AL · Cert 30433

FDIC · 3 branches

Q1 2021

$95.0MAssets
$45.1MLoans
$85.3MDeposits
$9.1MEquity
Loan mix
78%RE $32.7M20%C&I $8.5M1%Consumer $0.6MQ1 2020Q1 2021
Deposit mix
80%Interest-bearing $68.4M20%Noninterest $16.9MQ1 2020Q1 2021

NIM

4.22%Q1 ’193.86%Q1 ’202.94%Q1 ’21-9%-23%

Non-interest income vs. expense

4.53%Q1 ’193.95%Q1 ’203.14%Q1 ’21-17%-13%

Market Position · Birmingham-Hoover, AL · 2020 SOD (annual) · 0.0% share · #37 of 47 inst. · $0.0B of $52.1B

5.9% Talladega
4.4% Chilton

Executive Summary

  • Earnings: ROA of -0.21%, down 30 bps year over year; NIM at 2.53%.
  • Asset quality: problem loans at 0.48% of loans (-168 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 10.12%, down 241 bps from a year ago.
  • Funding: loans stand at 52.94% of deposits as of Q1 2021.

Financial Results

Return on Assets (YTD, annualized)

-0.21%-30 bps YoY

Net Interest Margin (YTD, annualized)

2.53%-73 bps YoY

Efficiency Ratio (YTD, annualized)

107.23%+963 bps YoY

Tier 1 Leverage Ratio

10.12%-241 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2020Q2 2020Q3 2020Q4 2020Q1 2021YoY ΔTrend
Earnings
Return on Assets0.10%-0.18%-0.35%-0.51%-0.21%-30 bps
Return on Equity0.77%-1.49%-3.01%-4.45%-2.06%-282 bps
Net Interest Margin3.26%3.29%3.01%2.84%2.53%-73 bps
Efficiency Ratio97.60%104.98%110.55%115.96%107.23%+963 bps
Non-Interest Burden3.17%3.46%3.35%3.33%2.74%-43 bps
Growth
Asset Growth (YoY)-2.84%9.20%13.30%15.93%17.78%+2,062 bps
Loan Growth (YoY)-5.06%-3.84%-5.10%-5.45%-10.63%-557 bps
Deposit Growth (YoY)-3.41%10.44%15.41%19.24%21.80%+2,521 bps
Asset Quality
Nonperforming Loans / Loans2.15%1.85%1.45%0.83%0.48%-168 bps
Net Charge-Offs / Loans-0.41%-0.20%-0.08%-0.06%-0.01%+40 bps
Allowance / Loans1.76%1.67%1.66%1.76%1.93%+18 bps
Allowance Coverage of NPLs0.8x0.9x1.1x2.1x4.1x+3.2x
Capital
Tier 1 Leverage Ratio12.53%11.11%10.76%10.46%10.12%-241 bps
Total Risk-Based Capital22.57%22.74%22.11%22.21%21.26%-131 bps
Equity / Assets12.33%11.23%10.93%10.71%9.60%-274 bps
Liquidity & Funding
Loans / Deposits72.16%68.36%66.19%62.79%52.94%-1,921 bps
Liquid Assets / Assets16.67%21.58%23.82%26.48%21.78%+510 bps
CRE / Total Capitaln/an/an/an/an/an/an/a