Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Super-Community Bank Conference Southeast 2008
14 slides from Southern First Bancshares's conference presentation, Feb 11, 2008
Slide 1: Super-Community Bank Conference Southeast
South FIRST SOUTHERN FIRST BANCSHARES, INC. www.southernfirst.com Super-Community BANK CONFERENCE Southeast — February 11-12, 2008
Slide 2: Forward-Looking Statements
g 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 and uncertain
Slide 3: Southern First Bancshares - Corporate Profile
Southern First Bancshares - Corporate Profile - Laat ¥Chariotte NC ~z.2) { ATS Greenville = “i sc ¢ Greenville First Bank opened in 2000 # Atlanta an Columbia * Name changed to Southem First Bank wt in Tune 2007 GA * $628 million in total assets (1) * Greenville and Columbia represent the a two larg
Slide 4: SFST — Investment Profile
SFST — Investment Profile Quality Growth Story « Assets ¢ Market Share ¢ Earnings Unique ChentEIRST Model Dynamic South Carolina Markets Performance Driven Team / Momentum South CTU FIRST
Slide 5: SFST — Growth
SFST — Grow ¢ Assets increased 23% to $628 milli 10n ¢ Loans increased 27% to $509 million Hf Total Assets (in millions) 2004 2005 2006 2007 $600 $500 $400 $300 $200 @ Loans (in millions) 2004 2005 2006 2007 Ic Sou CTU FIRST
Slide 6: Growing Deposit Market Share
ng Deposit Market Share Of 29 banks, Southern First grew retail deposits greater than all except BB&T and Bank of America. Retail deposits increased 19.4% - June 2007 FDIC data Carolina First 13 2,434 25.4% Wachovia 19 1,619 16.9% BB&T 20 1,342 14.0% Bank of America 16 918 96% SunTrust 17 467 49% 23
Slide 7: Infrastructure Investments — Building Earnings Engine
Infrastructure Investments — Building Earnings Engine * Net earnings declined 12% to $3.4 million ($1.06 per share) — Net interest income increased 17% — Overhead expenses increased 48% reflecting expansion to Columbia market — Provision increased 24% reflecting record loan growth | @ Net Earnings (
Slide 8: Corporate Strategy
Corporate Strateg Chent-|RST Targeted Focus Relationship Team Structure Produces Sustainable Efficiencies $10.0 $4.0 $2.0 @ Assets per Employee $7.9 Southem SC Average All Banks First Data: FDIC — September 2007 South CTU FIRST
Slide 9: South Carolina - Dynamic Markets
South Carolina - D namic Markets County: Greenville Richland Lexington Deposits $9.6 billion $8.7 billion $2.6 billion 5 year annual 9.5% 11.1% 9.1% growth rate Market share 41% ® ® Population 1st 2nd 5th Income 1st 3rd 4th Data: FDIC - June 2007 Ni Sou CTU FIRST
Slide 10: Southern First Bancshares — Dynamic Markets
Southern First Bancshares — Dynamic Markets o La no ~tw?) phate we Greenville ¥ py jes es , oa ‘yi * Greenville, SC had the lowest rate of foreclosure among the top 100 metro markets during 2" qtr. GA 4 of 2007 — RealtyTrac * 2007 was a record year for recruitment of jobs and investment in SC — SC D
Slide 11: Loan Portfolio Composition
Loan Portfolio Cor tio Commercial AD&C 8% Non Owner Occupied CRE 29% Commercial Business 17% Consumer RE 22% Consumer 2% Owner Occupied CRE 22% Data: December 2007 aa ST
Slide 12: Loan Portfolio Quality — Strategic Initiatives
Loan Portfolio Quality — Strategic Initiatives: Chief Portfolio Risk Officer — October 2007 CRE Risk Management Plan Significant investments in underwriting and monitoring support Consistently refining the underwriting and approval process % of assets 1.00% 0.90% 0.80% 0.70% 0.60% 0.50% 0.40% 0.30%
Slide 13: Performance Driven Team
— Performance Driv ¢ Board and Executive Team own 23% ¢ Performance based compensation — 35% of executive compensation is incentive based ¢ Extensive market experience 3, Laat Sp PCrarone “NC =a) Greenville = / & . 4 sc ‘i pene Columbia Ga yr ee Ic Sou CTU FIRST
Slide 14: Searchable text section of graphics shown above
Searchable text section of graphics shown above [LOGO] SOUTHERN FIRST BANCSHARES, INC. www.southernfirst.com [LOGO] Super-Community BANK CONFERENCE Southeast - February 11-12, 2008 Forward-Looking Statements During the course of this presentation, management may make projections and forward-looking
Southern First Bancshares — Super-Community Bank Conference Southeast 2008 on 6ix