Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Q2 2021 Earnings Presentation
9 slides from Southern First Bancshares's earnings presentation, Jul 27, 2021
Slide 1: Second Quarter Results 2021
NN XOXOXO KIO fs Southern SECOND QUARTER RESULTS 2021
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS During the course of this presentation, management may make projections and forward-looking statements regarding events or the future financial performance of Southern First Bancshares, Inc. We wish to caution you that these forward-looking statements involve certain risks
Slide 3: Our Philosophy
OUR PHILOSOPHY Br pee Our Mission Our Purpose Our Culture Our mission is to We exist to enable We focus on the things that impact lives in the dreams, earn trust, and matter most: family, communities we serve. exceed expectations. community, and teamwork.
Slide 4: Why We Are Unique
WHY WE ARE UNIQUE Our Model: * Relationship driven with a focus on star talent « Embrace technology and the evolution of our industry * Committed to organic growth versus M&A * Superb at managing credit risk and enterprise risks * Highly efficient delivery — primarily with few offices * Located in l
Slide 5: Corporate Profile
é Atlanta CORPORATE PROFILE SOUTH NORTH CAROLINA Greenville CAROLINA GEORGIA Summerville P Greenville, SC Columbia, SC Charleston, SC Raleigh, NC Atlanta, GA Summerville, SC Greensboro, NC Charlotte, NC Southern First Markets: 2000 2007 2012 2016 2017 2018 2018 2021 Ww < 4 &
Slide 6: Highlights
HIGHLIGHTS NET INCOME DILUTED EPS NET MARGIN TOTAL LOANS TOTAL DEPOSITS EFFICIENCY
Slide 7: Income Statement
INCOME STATEMENT ¢ Net Income of $10.3 million vs. $4.7 million in Q2 2020 ¢ $1.29 diluted EPS vs. $0.60 in Q2 2020 * Q2 2021 negative provision of ($1.9 million) vs. $10.2 million in Q2 2020 ¢ Net mortgage loss of ($281 thousand) vs. income of $3.4 million in Q2 2020 ¢ Net interest margin of 3.50%
Slide 8: Balance Sheet / Credit Quality
BALANCE SHEET / CREDIT QUALITY * Core Deposit Growth - $59 million in Q2 2021 « Zero wholesale funding on balance sheet ¢ Loan growth-$70 million in Q2 2021 * Book value — $31.86 * ALLL-1.86% of total loans ¢ Net charge-offs —- 0.00% annualized * Non-performing assets — 0.27% ¢ Past due loans—0.14%
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