Southern First Bancshares, Inc. (SFST)

[Penny Roger$]

Southern First Bancshares, Inc., is the holding company for Southern First Bank, N.A. (the Bank). The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (the FDIC), and providing commercial, consumer and mortgage loans to the general public. The Trusts are special purpose subsidiaries organized for the sole purpose of issuing trust preferred securities. The Company's primary markets include Greenville County, South Carolina and the Columbia market, which includes Richland and Lexington Counties. At December 31, 2010, loans secured by first or second mortgages on real estate made up approximately 79.6 % of the Bank’s loan portfolio. At December 31, 2010, the $72.9 million in the Bank’s investment securities portfolio represented approximately 9.9% of its total assets. The Bank’s principal source of funds is core deposits.

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