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Southern First Bank

Greenville, SC · Cert 35295 · Southern First Bancshares Inc.

State charter, non-member · FDIC · 12 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating regionally (n=176). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

29

Q2 2024Q2 2026peer median (50)

Asset Quality

80

Q2 2024Q2 2026peer median (50)

Profitability

23

Q2 2024Q2 2026peer median (50)

Liquidity

15

Q2 2024Q2 2026peer median

Efficiency

61

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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

Southern First Bank

Greenville, SC · Cert 35295 · Southern First Bancshares Inc.

State charter, non-member · FDIC · 12 branches

Q2 2026

$4.7BAssets
$4.0BLoans
$4.0BDeposits
$408.5MEquity
Loan mix
89%RE $3.5B10%C&I $0.4B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $3.2B20%Noninterest $0.8BQ2 2025Q2 2026

NIM

4.77%Q2 ’244.84%Q2 ’254.82%Q2 ’26+24%+15%

Non-interest income vs. expense

1.73%Q2 ’241.81%Q2 ’251.73%Q2 ’26+4%-5%

Market Position · Greenville-Anderson-Greer, SC · 2026 SOD (annual) · 6.6% share · #7 of 40 inst. · $1.7B of $26.1B

9.5% Greenville
3.7% Charleston
0.4% Fulton
5.1% Lexington

Executive Summary

  • Earnings: ROA of 0.96%, up 36 bps year over year; NIM at 2.71%.
  • Asset quality: problem loans at 0.28% of loans (-3 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 8.89%, down 1 bps from a year ago.
  • Funding: loans stand at 100.92% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.96%+36 bps YoY

Net Interest Margin (YTD, annualized)

2.71%+36 bps YoY

Efficiency Ratio (YTD, annualized)

57.36%-1,056 bps YoY

Tier 1 Leverage Ratio

8.89%-1 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.60%0.68%0.75%0.91%0.96%+36 bps
Return on Equity7.09%8.00%8.71%10.48%11.01%+392 bps
Net Interest Margin2.35%2.39%2.46%2.78%2.71%+36 bps
Efficiency Ratio67.92%65.33%62.87%58.73%57.36%-1,056 bps
Non-Interest Burden1.50%1.46%1.43%1.50%1.43%-7 bps
Growth
Asset Growth (YoY)4.84%4.44%7.74%6.76%9.12%+428 bps
Loan Growth (YoY)3.34%4.66%6.09%7.08%7.51%+417 bps
Deposit Growth (YoY)5.14%4.53%8.14%6.71%9.53%+439 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.30%0.36%0.29%0.28%-3 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.01%0.01%+1 bps
Allowance / Loans1.10%1.10%1.10%1.10%1.09%0 bps
Allowance Coverage of NPLs3.6x3.6x3.1x3.8x4.0x+0.4x
Capital
Tier 1 Leverage Ratio8.90%8.88%9.06%9.16%8.89%-1 bps
Total Risk-Based Capital12.58%12.72%12.85%12.80%12.84%+26 bps
Equity / Assets8.49%8.63%8.79%8.67%8.68%+19 bps
Liquidity & Funding
Loans / Deposits102.81%102.77%103.39%101.73%100.92%-189 bps
Liquid Assets / Assets5.04%5.27%4.85%6.25%6.54%+150 bps
CRE / Total Capitaln/a441%441%445%n/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Southern First Bank

Greenville, SC · Cert 35295 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · Southern First Bancshares Inc.

State charter, non-member · FDIC · 12 branches

Q2 2026

$4.7BAssets
$4.0BLoans
$4.0BDeposits
$408.5MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 80% of banks $1B-$10B in assets operating regionally (rank 37 of 176).
  • Widest gap: net interest margin trails 94% of banks $1B-$10B in assets operating regionally (rank 166 of 176).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.93%

Rank 133 of 176

Net Interest Margin

2.71%

Rank 166 of 176

Efficiency Ratio

57.36%

Rank 70 of 176

Equity / Assets

8.68%

Rank 145 of 176

Non-interest income vs. expense

$13.9M$80.9MINCOMEEXPENSE
Unfavorable gap of $67.0M · efficiency ratio beats 61% of banks $1B-$10B in assets operating regionally
Bank 57.36%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.93%0.93%1.26%1.54%Beats 24%133 / 176
Return on Equity10.72%9.26%11.89%14.46%Beats 39%107 / 176
Net Interest Margin2.71%3.25%3.59%3.93%Beats 6%166 / 176
Efficiency Ratio57.36%52.79%59.55%67.66%Beats 61%70 / 176
Asset Quality
Nonperforming Loans / Loans0.28%0.30%0.64%1.32%Beats 79%38 / 176
Net Charge-Offs / Loans0.01%0.01%0.04%0.10%Beats 80%37 / 176
Capital
Tier 1 Capital Ratio11.61%11.15%12.72%14.15%Beats 32%120 / 176
Total Risk-Based Capital Ratio12.84%11.81%13.63%15.33%Beats 38%109 / 176
Equity / Assets8.68%9.16%10.35%11.80%Beats 18%145 / 176
Liquidity & Funding
Loans / Deposits100.92%80.94%89.73%97.21%86th pctl25 / 176
Loans / Assets85.94%69.25%75.12%80.82%95th pctl9 / 176
Brokered Deposits / Depositsn/aNot reported for this institution