Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Greenville First Bancshares — Sandler O'Neill & Partners Financial Services Conference 2004
10 slides from Southern First Bancshares's conference presentation, Nov 10, 2004
Slide 1: Greenville First Bancshares, Inc. Financial Services Conference
IG HME FIRST GREENVILLE FIRST BANCSHARES, INC. www.greenvillefirst.com Sandler O'Neill & Partners, L.P Financial Services Conference November 11, 2004
Slide 2: Forward-Looking Statements
Forward-Looking Statements $$ SSSSSSSFSFSsSFs—Fsh During the course of this presentation, management may make projections and forward-looking statements regarding events or the future financial performance of Greenville First Bancshares, Inc. We wish to caution you that these forward-looking stateme
Slide 3: Corporate Profile
Greenville First Bancshares, Inc. Corporate Profile: eee * Greenville First Bank opened January 10, 2000 + $293 million in total assets (3rd Qtr 2004) * GVBK —- NASDAQ market * 2,647,994 shares outstanding — 22.7% insider ownership * Greenville, SC Market — $6.6 billion in deposits * 2.3% market sha
Slide 4: Corporate Strategy — Unique Model
Corporate Strategy — Unique Model CentFIRST ¢ Focus — Professional / Executive Market * Structure — Relationship Teams * People — Experienced & Performance Driven Ga A FI
Slide 5: Attractive Greenville Market
Attractive Greenville Market * SC’s most populous county * Largest deposit market in SC with over $6.6 billion in deposits * Deposit growth averaging 6% annually over the past five years * Over 65% of deposits controlled by financial institutions headquartered outside of market Source - FDIC
Slide 6: Growth
Performance Highlight - GROWTH 2 * Asset growth is 36% over September 2003 + 34 quarter year to date eamings up 97% over same period in 2003 BW Total Assets (in millions) 2000 2001 2002 2003 2004 ° 2001 2002 2003 2004 We Notes: (As of September 30, 2004 @) Through September 30,2004
Slide 7: Asset Quality
Performance Highlight - ASSET QUALITY 2 + Loan loss reserve / total loans = 1.33% (1) * Loan loss reserve covers nonperforming loans more than 20 times [MINCO's to Avg. Total Loans [BNPA's / Total Assets s2roo 42r01 42/02 42/02 9r04 s2roo 42/01 42702 42/02 9704 Ni ares icin ms a Sagres ‘neal
Slide 8: Efficiency
Performance Highlight - EFFICIENCY FFF + $7.7 million assets per employee — highest figure of any bank in SC a) [Efficiency Ratio 125.0% 100.00% +- 75.00% +- 50.00% 5 12/00 12/01 12/02 12/03 9/04 Notes: ). As of December 31, 2003
Slide 9: Momentum
Performance Highlight - MOMENTUM FFF Asset growth — 2004 is fastest growing period in company’s history Earnings growth — Margin is expanding Retail funding focus — Transaction account balances have increased 54% ytd 2004 New capital — $16.4 million of new capital provides foundation for continued g
Slide 10: Searchable text section of graphics
Searchable text section of graphics shown above [ LOG O] G REENVILLE F IRST B ANCSHARES, INC. www.greenvillefirst.com [LOGO] Financial Services Conference November 11 th , 2004 For ward-Looking Statements During the course of this presentation, management may make projections and forward-looking sta
Greenville First Bancshares — Sandler O'Neill & Partners Financial Services Conference 2004 on 6ix