2019 Q4 Form 10-K Financial Statement

#000120677421000565 Filed on March 02, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018 Q4
Revenue $92.65M
YoY Change 20.87%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $500.0K $1.900M $460.0K
YoY Change 8.7% 7.95% 12.2%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $25.38M
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $9.110M $35.48M $7.480M
YoY Change 21.79% 23.62% 12.14%
Income Tax $1.920M $7.621M $1.700M
% Of Pretax Income 21.08% 21.48% 22.73%
Net Earnings $7.200M $27.86M $5.780M
YoY Change 24.57% 24.99% 177.88%
Net Earnings / Revenue 30.07%
Basic Earnings Per Share $3.70
Diluted Earnings Per Share $921.9K $3.58 $747.7K
COMMON SHARES
Basic Shares Outstanding 7.528M shares
Diluted Shares Outstanding 7.773M shares

Balance Sheet

Concept 2019 Q4 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $127.8M $72.87M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $58.48M $58.50M $32.40M
YoY Change 80.49% 80.56% 0.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.300M $4.300M $4.000M
YoY Change 7.5% 7.5% 5.26%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.267B $2.267B $1.901B
YoY Change 19.29% 19.29% 16.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $20.10M $20.10M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.10M $20.10M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $35.90M $35.90M $13.40M
YoY Change 167.91% 167.91% 0.0%
Other Long-Term Liabilities $19.20M $19.20M $15.20M
YoY Change 26.32% 26.32% 15.15%
Total Long-Term Liabilities $55.10M $55.10M $28.60M
YoY Change 92.66% 92.66% 7.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.10M $20.10M
Total Long-Term Liabilities $55.10M $55.10M $28.60M
Total Liabilities $2.061B $2.061B $1.727B
YoY Change 19.38% 19.38% 17.07%
SHAREHOLDERS EQUITY
Retained Earnings $100.7M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $205.9M $205.9M $173.9M
YoY Change
Total Liabilities & Shareholders Equity $2.267B $2.267B $1.901B
YoY Change 19.29% 19.29% 16.99%

Cashflow Statement

Concept 2019 Q4 2019 2018 Q4
OPERATING ACTIVITIES
Net Income $7.200M $27.86M $5.780M
YoY Change 24.57% 24.99% 177.88%
Depreciation, Depletion And Amortization $500.0K $1.900M $460.0K
YoY Change 8.7% 7.95% 12.2%
Cash From Operating Activities $19.38M $18.31M $7.360M
YoY Change 163.32% -42.25% 154.67%
INVESTING ACTIVITIES
Capital Expenditures -$770.0K $8.431M -$200.0K
YoY Change 285.0% 333.92% -81.65%
Acquisitions
YoY Change
Other Investing Activities -$87.59M -$267.1M -$64.52M
YoY Change 35.76% -10.88% 26.41%
Cash From Investing Activities -$88.37M -$275.6M -$64.72M
YoY Change 36.54% -8.66% 24.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 62.28M $312.2M 40.24M
YoY Change 54.77% 24.53% -39.76%
NET CHANGE
Cash From Operating Activities 19.38M $18.31M 7.360M
Cash From Investing Activities -88.37M -$275.6M -64.72M
Cash From Financing Activities 62.28M $312.2M 40.24M
Net Change In Cash -6.710M $54.94M -17.12M
YoY Change -60.81% -384.8% -197.55%
FREE CASH FLOW
Cash From Operating Activities $19.38M $18.31M $7.360M
Capital Expenditures -$770.0K $8.431M -$200.0K
Free Cash Flow $20.15M $9.878M $7.560M
YoY Change 166.53% -66.81% 89.95%

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CY2020 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
29600000 USD
CY2019 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2300000 USD
CY2018 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1900000 USD
CY2020 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
2190000 USD
CY2019 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1915000 USD
CY2019 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-432000 USD
CY2018 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-437000 USD
CY2020 sfst Write Down Of Other Real Estate Owned
WriteDownOfOtherRealEstateOwned
-1029000 USD
CY2019 sfst Write Down Of Other Real Estate Owned
WriteDownOfOtherRealEstateOwned
USD
CY2018 sfst Write Down Of Other Real Estate Owned
WriteDownOfOtherRealEstateOwned
-117000 USD
CY2020 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
3000 USD
CY2019 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
727000 USD
CY2018 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
7000 USD
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
196000 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
8000 USD
CY2020 sfst Operating Lease Payment
OperatingLeasePayment
180000 USD
CY2019 sfst Operating Lease Payment
OperatingLeasePayment
585000 USD
CY2018 sfst Operating Lease Payment
OperatingLeasePayment
USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
1397000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
1698000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
1502000 USD
CY2020 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
21186000 USD
CY2019 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
10219000 USD
CY2018 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
5144000 USD
CY2020 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
594289000 USD
CY2019 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
380632000 USD
CY2018 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
204429000 USD
CY2020 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
582264000 USD
CY2019 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
373046000 USD
CY2018 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
212122000 USD
CY2020 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1091000 USD
CY2019 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1001000 USD
CY2018 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
878000 USD
CY2020 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2741000 USD
CY2019 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
420000 USD
CY2018 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
115000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4670000 USD
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
600000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-216000 USD
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
9097000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-27129000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
54943000 USD
CY2020 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
USD
CY2019Q4 sfst Real Estate Loan Percentage Of Aggregate Loan
RealEstateLoanPercentageOfAggregateLoan
0.828 pure
CY2020Q1 sfst Federal Reserve Reduced Target Federal Funds Rate Basis Point
FederalReserveReducedTargetFederalFundsRateBasisPoint
0.0050 pure
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
4074000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1946000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20619000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18309000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
31703000 USD
CY2020 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
203632000 USD
CY2019 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
267613000 USD
CY2018 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
291923000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7276000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8431000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1943000 USD
CY2020 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
50854000 USD
CY2019 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
39930000 USD
CY2018 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
23181000 USD
CY2020 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
2338000 USD
CY2019 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
4675000 USD
CY2018 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
46000 USD
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
24784000 USD
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
19212000 USD
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
9025000 USD
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Other Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments
5651000 USD
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Other Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments
1848000 USD
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Other Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments
387000 USD
CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
USD
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
29006000 USD
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
5841000 USD
CY2020 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
USD
CY2019 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
5000000 USD
CY2018 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2895000 USD
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2019 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
USD
CY2018 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
132000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-230770000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-275583000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-301708000 USD
CY2020 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
266634000 USD
CY2019 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
227988000 USD
CY2018 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
267013000 USD
CY2020 sfst Increase Decrease In Federal Home Loan Bank Advances And Other Borrowings
IncreaseDecreaseInFederalHomeLoanBankAdvancesAndOtherBorrowings
-85000000 USD
CY2019 sfst Increase Decrease In Federal Home Loan Bank Advances And Other Borrowings
IncreaseDecreaseInFederalHomeLoanBankAdvancesAndOtherBorrowings
60000000 USD
CY2018 sfst Increase Decrease In Federal Home Loan Bank Advances And Other Borrowings
IncreaseDecreaseInFederalHomeLoanBankAdvancesAndOtherBorrowings
-17200000 USD
CY2020 us-gaap Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
USD
CY2019 us-gaap Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
22460000 USD
CY2018 us-gaap Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
USD
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1388000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1769000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
900000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
183022000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
312217000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
250713000 USD
CY2020Q1 sfst Federal Reserve Reduced Target Federal Funds Rate Basis Point
FederalReserveReducedTargetFederalFundsRateBasisPoint
0.0100 pure
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-19292000 USD
CY2019Q4 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
127816000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
72873000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
92165000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100687000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
127816000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
72873000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
16312000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
25156000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
15410000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
2741000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
7883000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
5451000 USD
CY2020 sfst Other Real Estate Acquired In Settlement Of Loans
OtherRealEstateAcquiredInSettlementOfLoans
2198000 USD
CY2019 sfst Other Real Estate Acquired In Settlement Of Loans
OtherRealEstateAcquiredInSettlementOfLoans
USD
CY2018 sfst Other Real Estate Acquired In Settlement Of Loans
OtherRealEstateAcquiredInSettlementOfLoans
USD
CY2020 sfst Unrealized Gain Loss On Securities Net Of Income Taxes
UnrealizedGainLossOnSecuritiesNetOfIncomeTaxes
-1323000 USD
CY2019 sfst Unrealized Gain Loss On Securities Net Of Income Taxes
UnrealizedGainLossOnSecuritiesNetOfIncomeTaxes
-1193000 USD
CY2018 sfst Unrealized Gain Loss On Securities Net Of Income Taxes
UnrealizedGainLossOnSecuritiesNetOfIncomeTaxes
455000 USD
CY2020 sfst Operating Leases
OperatingLeases
2115000 USD
CY2019 sfst Operating Leases
OperatingLeases
21459000 USD
CY2018 sfst Operating Leases
OperatingLeases
USD
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:left; margin-top:11pt; margin-bottom:0pt; "> <span style="font-style:italic; ">Use of Estimates</span></p> <p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amount of income and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, derivatives, real estate acquired in settlement of loans, fair value of financial instruments, evaluating other-than-temporary-impairment of investment securities and valuation of deferred tax assets. </p>
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:left; margin-top:11pt; margin-bottom:0pt; "> <span style="font-style:italic; ">Risks and Uncertainties</span></p> <p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">In the normal course of its business, the Company encounters two significant types of risks: economic and regulatory. There are three main components of economic risk: interest rate risk, credit risk and market risk. The Company is subject to interest rate risk to the degree that its interest-bearing liabilities mature or reprice at different speeds, or on different bases, than its interest-earning assets. Credit risk is the risk of default within the Company’s loan portfolio that results from borrowers’ inability or unwillingness to make contractually required payments. Market risk reflects changes in the value of collateral underlying loans receivable and the valuation of real estate held by the Company.</p> <p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">The Company is subject to the regulations of various governmental agencies. These regulations can and do change significantly from period to period. The Company also undergoes periodic examinations by the regulatory agencies, which may subject it to changes with respect to valuation of assets, amount of required loan loss allowance and operating restrictions resulting from the regulators’ judgments based on information available to them at the time of their examinations.</p> <p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">The Bank makes loans to individuals and businesses in the Upstate, Midlands, and Lowcountry regions of South Carolina as well as the Triangle and Triad regions of North Carolina and Atlanta, Georgia for various personal and commercial purposes. The Bank’s loan portfolio has a concentration of real estate loans. As of December 31, 2020 and 2019, real estate loans represented 84.6% and 82.8%, respectively, of total loans. However, borrowers’ ability to repay their loans is not dependent upon any specific economic sector.</p> <p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">The impact of the coronavirus (COVID-19) pandemic is fluid and continues to evolve, adversely affecting many of the Bank’s clients. The unprecedented and rapid spread of COVID-19 and its associated impacts on trade (including supply chains and export levels), travel, employee productivity, unemployment, consumer spending, and other economic activities has resulted in less economic activity, lower equity market valuations and significant volatility and disruption in financial markets, and has had an adverse effect on the Company’s business, financial condition and results of operations. The ultimate extent of the impact of the COVID-19 pandemic on our business, financial condition and results of operations is currently uncertain and will depend on various developments and other factors, including governmental and private sector initiatives, the effect of the recent rollout of vaccinations for the virus, whether such vaccinations will be effective against any resurgence of the virus, including any new strains, and the ability for customers and businesses to return to their pre-pandemic routine.</p> <p style="font-family:Arial, Helvetica, sans-serif; font-size:12pt; text-align:justify; margin-bottom:0pt; "/> <div> <div style="width:100%; clear:both;"> <p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:center; ">76</p> </div><hr style="border-top:2.0pt solid #808080;"/><div style="page-break-after:always;"/> </div> <p style="font-weight:bold; font-size:10pt; font-family:Arial, Helvetica, sans-serif"><a href="#t001">Table of Contents</a></p> <p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">The Company’s business, financial condition and results of operations generally rely upon the ability of the Bank’s borrowers to repay their loans, the value of collateral underlying the Bank’s secured loans, and demand for loans and other products and services the Bank offers, which are highly dependent on the business environment in the Bank’s primary markets where it operates and in the United States as a whole. </p> <p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">On March 3, 2020, the Federal Reserve reduced the target federal funds rate by 50 basis points, followed by an additional reduction of 100 basis points on March 16, 2020. These reductions in interest rates and other effects of the COVID-19 pandemic have had, and are expected to continue to have, possibly materially, an adverse effect on Company’s business, financial condition and results of operations. For instance, the pandemic has had negative effects on the Bank’s interest income, provision for loan losses, and certain transaction-based line items of noninterest income. Other financial impacts could occur though such potential impact is unknown at this time. </p> <p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">As of December 31, 2020, the Company’s and the Bank’s capital ratios were in excess of all regulatory requirements. While management believes that we have sufficient capital to withstand an extended economic recession brought about by the COVID-19 pandemic, our reported and regulatory capital ratios could be adversely impacted by further credit losses. </p> <p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">The Company maintains access to multiple sources of liquidity, including a $15.0 million holding company line of credit with another bank which could be used to support capital ratios at the subsidiary bank. As of December 31, 2020, the $15.0 million line was unused. </p>
CY2020Q4 sfst Real Estate Loan Percentage Of Aggregate Loan
RealEstateLoanPercentageOfAggregateLoan
0.846 pure
CY2019 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
56000 USD
CY2019 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
433000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
67694000 USD
CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
2000000.0 USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
15000000.0 USD
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:left; margin-top:11pt; margin-bottom:0pt; "> <span style="font-style:italic; ">Reclassifications</span></p> <p style="font-family:Arial, Helvetica, sans-serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">Certain amounts, previously reported, have been reclassified to state all periods on a comparable basis and had no effect on shareholders’ equity or net income. </p>
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
12600000 USD
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
6000000.0 USD
CY2020Q4 sfst Investment In Trusts
InvestmentInTrusts
403000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
93434000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
94729000 USD
CY2020Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
93434000 USD
CY2020 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
1586000 USD
CY2020 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
291000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
94729000 USD
CY2019Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
68071000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
71132000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
72139000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
52918000 USD
CY2020Q4 sfst Investments With Fair Market Value In Continuous Unrealized Loss Position Less Than Twelve Months
InvestmentsWithFairMarketValueInContinuousUnrealizedLossPositionLessThanTwelveMonths
28700000 USD
CY2020Q4 sfst Number Of Investments In Continuous Unrealized Loss Position Twelve Months Or Longer
NumberOfInvestmentsInContinuousUnrealizedLossPositionTwelveMonthsOrLonger
10 Investments
CY2020Q4 sfst Investments With Fair Market Value In Continuous Unrealized Loss Position Twelve Months Or Longer
InvestmentsWithFairMarketValueInContinuousUnrealizedLossPositionTwelveMonthsOrLonger
9500000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
52605000 USD
CY2020 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
3000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
4957000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
5015000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
4699000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
4675000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
17345000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
17575000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
10454000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
10414000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
68071000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
67694000 USD
CY2020Q4 sfst Number Of Investments In Continuous Unrealized Loss Position Less Than Twelve Months
NumberOfInvestmentsInContinuousUnrealizedLossPositionLessThanTwelveMonths
26 Investments
CY2020Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
28663000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
174000 USD
CY2020Q4 sfst Number Of Investments In Continuous Unrealized Loss Position Twelve Months Or Longer
NumberOfInvestmentsInContinuousUnrealizedLossPositionTwelveMonthsOrLonger
10 Investments
CY2020Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
9466000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
117000 USD
CY2020Q4 sfst Number Of Investments In Continuous Unrealized Loss Position
NumberOfInvestmentsInContinuousUnrealizedLossPosition
36 Investments
CY2020Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
38129000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
291000 USD
CY2019Q4 sfst Number Of Investments In Continuous Unrealized Loss Position Less Than Twelve Months
NumberOfInvestmentsInContinuousUnrealizedLossPositionLessThanTwelveMonths
28 Investments
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
30095000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
168000 USD
CY2019Q4 sfst Number Of Investments In Continuous Unrealized Loss Position Twelve Months Or Longer
NumberOfInvestmentsInContinuousUnrealizedLossPositionTwelveMonthsOrLonger
22 Investments
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
20296000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
265000 USD
CY2019Q4 sfst Number Of Investments In Continuous Unrealized Loss Position
NumberOfInvestmentsInContinuousUnrealizedLossPosition
50 Investments
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
50391000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
433000 USD
CY2020Q4 sfst Number Of Investments In Continuous Unrealized Loss Position Less Than Twelve Months
NumberOfInvestmentsInContinuousUnrealizedLossPositionLessThanTwelveMonths
26 Investments
CY2019Q4 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
159000 USD
CY2020Q4 sfst Loans And Leases Receivable Net Of Deferred Income Percentage
LoansAndLeasesReceivableNetOfDeferredIncomePercentage
1.000 pure
CY2019Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1943525000 USD
CY2020Q4 sfst Investment In Trust Preferred Subsidiaries
InvestmentInTrustPreferredSubsidiaries
403000 USD
CY2019Q4 sfst Investment In Trust Preferred Subsidiaries
InvestmentInTrustPreferredSubsidiaries
403000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
3300000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2142867000 USD
CY2020Q4 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
InvestmentInFederalHomeLoanBankStockFairValueDisclosure
3103000 USD
CY2019Q4 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
InvestmentInFederalHomeLoanBankStockFairValueDisclosure
6386000 USD
CY2020Q4 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
129000 USD
CY2020Q4 us-gaap Other Investments
OtherInvestments
3635000 USD
CY2019Q4 us-gaap Other Investments
OtherInvestments
6948000 USD
CY2020Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
60200000 USD
CY2019Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
27000000.0 USD
CY2020Q4 sfst Real Estate Loan Percentage Of Aggregate Loan
RealEstateLoanPercentageOfAggregateLoan
0.846 pure
CY2020Q4 sfst Commercial Loans Percentage Of Aggregate Real Estate Loan
CommercialLoansPercentageOfAggregateRealEstateLoan
0.595 pure
CY2020Q4 sfst Consumer Loans Percentage Of Aggregate Real Estate Loan
ConsumerLoansPercentageOfAggregateRealEstateLoan
0.405 pure
CY2020Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
3900000 USD
CY2019Q4 sfst Loans And Leases Receivable Net Of Deferred Income Percentage
LoansAndLeasesReceivableNetOfDeferredIncomePercentage
1.000 pure
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
44149000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16642000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
2098718000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1926883000 USD
CY2020Q4 us-gaap Loans Receivable With Variable Rates Of Interest1
LoansReceivableWithVariableRatesOfInterest1
400506000 USD
CY2019Q4 us-gaap Loans Receivable With Variable Rates Of Interest1
LoansReceivableWithVariableRatesOfInterest1
432540000 USD
CY2020Q4 us-gaap Loans Receivable With Fixed Rates Of Interest1
LoansReceivableWithFixedRatesOfInterest1
1742361000 USD
CY2019Q4 us-gaap Loans Receivable With Fixed Rates Of Interest1
LoansReceivableWithFixedRatesOfInterest1
1510985000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2142867000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1943525000 USD
CY2020Q4 sfst Mortgage Loan Pledged As Collateral For Advances From Fhlb
MortgageLoanPledgedAsCollateralForAdvancesFromFhlb
868500000 USD
CY2020Q4 sfst Part Of Loans Of Thirty Days Or More Past Due As Percentage Of Aggregate Loan Portfolio
PartOfLoansOfThirtyDaysOrMorePastDueAsPercentageOfAggregateLoanPortfolio
0.0017 pure
CY2019Q4 sfst Part Of Loans Of Thirty Days Or More Past Due As Percentage Of Aggregate Loan Portfolio
PartOfLoansOfThirtyDaysOrMorePastDueAsPercentageOfAggregateLoanPortfolio
0.0023 pure
CY2020Q4 sfst Nonaccruing Troubled Debt Restructurings
NonaccruingTroubledDebtRestructurings
3509000 USD
CY2019Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
USD
CY2019Q4 sfst Nonaccruing Troubled Debt Restructurings
NonaccruingTroubledDebtRestructurings
4111000 USD
CY2020Q4 sfst Nonaccrual Loans Including Nonaccruing Troubled Debt Restructurings
NonaccrualLoansIncludingNonaccruingTroubledDebtRestructurings
8069000 USD
CY2019Q4 sfst Nonaccrual Loans Including Nonaccruing Troubled Debt Restructurings
NonaccrualLoansIncludingNonaccruingTroubledDebtRestructurings
6794000 USD
CY2020Q4 us-gaap Other Real Estate
OtherRealEstate
1169000 USD
CY2019Q4 us-gaap Other Real Estate
OtherRealEstate
USD
CY2020Q4 sfst Nonaccrual Loans And Other Real Estate
NonaccrualLoansAndOtherRealEstate
9238000 USD
CY2019Q4 sfst Nonaccrual Loans And Other Real Estate
NonaccrualLoansAndOtherRealEstate
6794000 USD
CY2020Q4 sfst Nonperforming Assets As Percentage Of Assets
NonperformingAssetsAsPercentageOfAssets
0.0037 pure
CY2019Q4 sfst Nonperforming Assets As Percentage Of Assets
NonperformingAssetsAsPercentageOfAssets
0.0030 pure
CY2020Q4 sfst Nonperforming Assets As Percentage Of Gross Loans
NonperformingAssetsAsPercentageOfGrossLoans
0.0043 pure
CY2019Q4 sfst Nonperforming Assets As Percentage Of Gross Loans
NonperformingAssetsAsPercentageOfGrossLoans
0.0035 pure
CY2020Q4 sfst Loans Over Ninety Days Past Due
LoansOverNinetyDaysPastDue
2296000 USD
CY2019Q4 sfst Loans Over Ninety Days Past Due
LoansOverNinetyDaysPastDue
2038000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
USD
CY2020Q4 sfst Accruing Troubled Debt Restructurings
AccruingTroubledDebtRestructurings
4893000 USD
CY2019Q4 sfst Accruing Troubled Debt Restructurings
AccruingTroubledDebtRestructurings
5219000 USD
CY2020 sfst Foregone Interest Income On Non Accrual Loans
ForegoneInterestIncomeOnNonAccrualLoans
61000 USD
CY2019 sfst Foregone Interest Income On Non Accrual Loans
ForegoneInterestIncomeOnNonAccrualLoans
23000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
14993000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
12962000 USD
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
7824000 USD
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
5138000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1709000 USD
CY2019Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
12682000 USD
CY2019Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
12013000 USD
CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
7344000 USD
CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
4669000 USD
CY2019Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1438000 USD
CY2020 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
14643000 USD
CY2020 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
812000 USD
CY2019 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
12259000 USD
CY2019 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
640000 USD
CY2018 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
13084000 USD
CY2018 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
733000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16642000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
15762000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
15523000 USD
CY2020 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
29600000 USD
CY2019 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2300000 USD
CY2018 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1900000 USD
CY2020 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-3414000 USD
CY2019 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-1515000 USD
CY2018 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-2146000 USD
CY2020 us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
1321000 USD
CY2019 us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
95000 USD
CY2018 us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
485000 USD
CY2020 sfst Allowance For Loan And Lease Losses Write Offs Net Of Recoveries
AllowanceForLoanAndLeaseLossesWriteOffsNetOfRecoveries
-2093000 USD
CY2019 sfst Allowance For Loan And Lease Losses Write Offs Net Of Recoveries
AllowanceForLoanAndLeaseLossesWriteOffsNetOfRecoveries
-1420000 USD
CY2018 sfst Allowance For Loan And Lease Losses Write Offs Net Of Recoveries
AllowanceForLoanAndLeaseLossesWriteOffsNetOfRecoveries
-1661000 USD
CY2020Q4 sfst Discount Effect Of Cash Flows
DiscountEffectOfCashFlows
-4783000 USD
CY2019 us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
95000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16642000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1943525000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
44149000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16642000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
15762000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16642000 USD
CY2020 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
29600000 USD
CY2020 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-3414000 USD
CY2020 us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
1321000 USD
CY2020 sfst Allowance For Loan And Lease Losses Write Offs Net Of Recoveries
AllowanceForLoanAndLeaseLossesWriteOffsNetOfRecoveries
-2093000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
44149000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
15762000 USD
CY2019 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-1515000 USD
CY2019 sfst Allowance For Loan And Lease Losses Write Offs Net Of Recoveries
AllowanceForLoanAndLeaseLossesWriteOffsNetOfRecoveries
-1420000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16642000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1709000 USD
CY2020Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
12962000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
42440000 USD
CY2020Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
2129905000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
44149000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2142867000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1438000 USD
CY2019Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
12013000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
15204000 USD
CY2019Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1931512000 USD
CY2020Q4 sfst Aggregate Number Of Loans Classified Under Troubled Debt Restructurings
AggregateNumberOfLoansClassifiedUnderTroubledDebtRestructurings
20 Investments
CY2020Q4 sfst Aggregate Sum Of Loans Classified As Troubled Debt Restructurings
AggregateSumOfLoansClassifiedAsTroubledDebtRestructurings
8400000 USD
CY2019Q4 sfst Aggregate Number Of Loans Classified Under Troubled Debt Restructurings
AggregateNumberOfLoansClassifiedUnderTroubledDebtRestructurings
19 Investments
CY2019Q4 sfst Aggregate Sum Of Loans Classified As Troubled Debt Restructurings
AggregateSumOfLoansClassifiedAsTroubledDebtRestructurings
9300000 USD
CY2020Q4 sfst Renewals Deemed Concession
RenewalsDeemedConcession
5 Investments
CY2020Q4 sfst Reduced Or Deferred Payments
ReducedOrDeferredPayments
Investments
CY2020Q4 sfst Converted To Interest Only
ConvertedToInterestOnly
Investments
CY2020Q4 sfst Maturity Date Extensions
MaturityDateExtensions
Investments
CY2020 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
5 Investments
CY2020 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
3132000 USD
CY2020 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
3132000 USD
CY2019Q4 sfst Renewals Deemed Concession
RenewalsDeemedConcession
1 Investments
CY2019Q4 sfst Reduced Or Deferred Payments
ReducedOrDeferredPayments
Investments
CY2019Q4 sfst Converted To Interest Only
ConvertedToInterestOnly
Investments
CY2019Q4 sfst Maturity Date Extensions
MaturityDateExtensions
Investments
CY2019 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
1 Investments
CY2019 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1823000 USD
CY2019 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1823000 USD
CY2019 sfst Number Of Month Payment Defaulted
NumberOfMonthPaymentDefaulted
12 months
CY2020 sfst Number Of Month Payment Defaulted
NumberOfMonthPaymentDefaulted
12 months
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12705000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
41468000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
38973000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2100000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1900000 USD
CY2020Q4 us-gaap Deposits
Deposits
2142758000 USD
CY2019Q4 us-gaap Deposits
Deposits
1876124000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13703000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19505000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
60236000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
58478000 USD
CY2020Q4 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
180000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y3M18D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y11M19D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0270 pure
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0286 pure
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
2400000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
2200000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2335000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1587000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1462000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1501000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1544000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
15886000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
24315000 USD
CY2019Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
USD
CY2019 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
USD
CY2018Q4 us-gaap Other Real Estate
OtherRealEstate
USD
CY2020 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
2198000 USD
CY2019 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
USD
CY2020 us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
USD
CY2019 us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
USD
CY2020 sfst Other Real Estate Write Downs
OtherRealEstateWriteDowns
-1029000 USD
CY2019 sfst Other Real Estate Write Downs
OtherRealEstateWriteDowns
USD
CY2020Q4 us-gaap Other Real Estate
OtherRealEstate
1169000 USD
CY2019Q4 us-gaap Other Real Estate
OtherRealEstate
USD
CY2020Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
576610000 USD
CY2019Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
397331000 USD
CY2020Q4 us-gaap Interest Bearing Domestic Deposit Negotiable Order Of Withdrawal Now
InterestBearingDomesticDepositNegotiableOrderOfWithdrawalNOW
268739000 USD
CY2019Q4 us-gaap Interest Bearing Domestic Deposit Negotiable Order Of Withdrawal Now
InterestBearingDomesticDepositNegotiableOrderOfWithdrawalNOW
228680000 USD
CY2020Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
1042745000 USD
CY2019Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
898923000 USD
CY2020Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
27254000 USD
CY2019Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
16258000 USD
CY2020Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
36454000 USD
CY2019Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
47941000 USD
CY2020Q4 sfst Time Deposit100000 Or More Domestic
TimeDeposit100000OrMoreDomestic
190956000 USD
CY2019Q4 sfst Time Deposit100000 Or More Domestic
TimeDeposit100000OrMoreDomestic
286991000 USD
CY2020Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
130900000 USD
CY2019Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
220100000 USD
CY2020Q4 sfst Time Deposits Obtained Outside Of Primary Market
TimeDepositsObtainedOutsideOfPrimaryMarket
22000000.0 USD
CY2019Q4 sfst Time Deposits Obtained Outside Of Primary Market
TimeDepositsObtainedOutsideOfPrimaryMarket
67400000 USD
CY2020 us-gaap Interest Expense Time Deposits100000 Or More
InterestExpenseTimeDeposits100000OrMore
4600000 USD
CY2019 us-gaap Interest Expense Time Deposits100000 Or More
InterestExpenseTimeDeposits100000OrMore
6900000 USD
CY2018 us-gaap Interest Expense Time Deposits100000 Or More
InterestExpenseTimeDeposits100000OrMore
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25000000 USD
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0.0036 pure
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110000000 USD
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15000000 USD
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2021-12-31
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Dodd-Frank Act prohibit institutions that had more than $15 billion in assets on December 31, 2009 from including trust preferred securities as Tier 1 capital beginning in 2013, with one-third phased out over the two years ending in 2015. Financial institutions with less than $15 billion in total assets, such as the Bank, may continue to include their trust preferred securities issued prior to May 19, 2010 in Tier 1 capital, but cannot include in Tier 1 capital trust preferred securities issued after such date.
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25000000 USD
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30371000 USD
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6948000 USD
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1772121000 USD
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110000000 USD
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109737000 USD
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35890000 USD
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FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
33250000 USD
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
318825 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
94885 shares
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195425 shares
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18328000 USD
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22289000 USD
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216000 USD
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-420000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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18328000 USD
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NetIncomeLossAvailableToCommonStockholdersBasic
27858000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22289000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7718615 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7528283 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7384200 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
105599 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
244261 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
353295 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7824214 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7772544 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7737495 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.37
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EarningsPerShareBasic
3.70
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EarningsPerShareBasic
3.02
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EarningsPerShareDiluted
2.34
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EarningsPerShareDiluted
3.58
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.88
CY2020 sfst Employment Agreement Description
EmploymentAgreementDescription
These agreements also include a) an incentive program, b) a stock option plan, c) a one-year non-compete agreement upon termination and a severance payment equal to one year of compensation.
CY2020Q4 sfst Estimated Aggregate Commitment
EstimatedAggregateCommitment
3000000.0 USD
CY2020 sfst Agreement With Data Processor Expired
AgreementWithDataProcessorExpired
2023
CY2020Q4 us-gaap Construction Contractor Receivable Including Contract Retainage
ConstructionContractorReceivableIncludingContractRetainage
28200000 USD
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CurrentFederalTaxExpenseBenefit
10244000 USD
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CurrentFederalTaxExpenseBenefit
6791000 USD
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CurrentFederalTaxExpenseBenefit
5536000 USD
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CurrentStateAndLocalTaxExpenseBenefit
841000 USD
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CurrentStateAndLocalTaxExpenseBenefit
1250000 USD
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CurrentStateAndLocalTaxExpenseBenefit
990000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11085000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8041000 USD
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CurrentIncomeTaxExpenseBenefit
6526000 USD
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DeferredIncomeTaxExpenseBenefit
-5594000 USD
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DeferredIncomeTaxExpenseBenefit
-125000 USD
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IncomeTaxExpenseBenefit
5491000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7621000 USD
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IncomeTaxExpenseBenefit
6401000 USD
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IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
5002000 USD
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IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7451000 USD
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IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
6025000 USD
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IncomeTaxReconciliationStateAndLocalIncomeTaxes
664000 USD
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IncomeTaxReconciliationStateAndLocalIncomeTaxes
987000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
782000 USD
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IncomeTaxReconciliationTaxExemptIncome
27000 USD
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IncomeTaxReconciliationTaxExemptIncome
26000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
34000 USD
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-30000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-693000 USD
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EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-248000 USD
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IncomeTaxReconciliationOtherAdjustments
-118000 USD
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IncomeTaxReconciliationOtherAdjustments
-98000 USD
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IncomeTaxReconciliationOtherAdjustments
-124000 USD
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IncomeTaxExpenseBenefit
5491000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7621000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6401000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
9271000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
3495000 USD
CY2020Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
USD
CY2019Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
79000 USD
CY2020Q4 sfst Deferred Tax Assets Net Deferred Loan Fees
DeferredTaxAssetsNetDeferredLoanFees
812000 USD
CY2019Q4 sfst Deferred Tax Assets Net Deferred Loan Fees
DeferredTaxAssetsNetDeferredLoanFees
697000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
1728000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
1404000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
132000 USD
CY2020Q4 sfst Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
3941000 USD
CY2019Q4 sfst Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
4096000 USD
CY2019Q4 sfst Deferred Tax Asset Sale Of Real Estate Owned
DeferredTaxAssetSaleOfRealEstateOwned
USD
CY2020Q4 sfst Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
4102000 USD
CY2019Q4 sfst Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
4219000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
187000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
234000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
16316000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
10128000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1610000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1398000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
272000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
USD
CY2020Q4 sfst Deferred Tax Liabilities Hedging Transactions
DeferredTaxLiabilitiesHedgingTransactions
855000 USD
CY2019Q4 sfst Deferred Tax Liabilities Hedging Transactions
DeferredTaxLiabilitiesHedgingTransactions
227000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
120000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
6798000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
5853000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
9518000 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
4275000 USD
CY2020Q4 sfst Commitment Under Letters Of Credit
CommitmentUnderLettersOfCredit
8700000 USD
CY2019Q4 sfst Commitment Under Letters Of Credit
CommitmentUnderLettersOfCredit
9900000 USD
CY2020 us-gaap Noninterest Income
NoninterestIncome
27353000 USD
CY2020 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1017000 USD
CY2019 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1270000 USD
CY2018 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1183000 USD
CY2020 sfst Amortization Of Deferred Compensation On Restricted Stock
AmortizationOfDeferredCompensationOnRestrictedStock
-380000 USD
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AmortizationOfDeferredCompensationOnRestrictedStock
-428000 USD
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AmortizationOfDeferredCompensationOnRestrictedStock
-319000 USD
CY2020 us-gaap Employee Benefits And Share Based Compensation
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1397000 USD
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EmployeeBenefitsAndShareBasedCompensation
1698000 USD
CY2018 us-gaap Employee Benefits And Share Based Compensation
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1502000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1600000 USD
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1200000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1200000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
973000 USD
CY2020 us-gaap Number Of Reportable Segments
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3 pure
CY2020 us-gaap Interest And Dividend Income Operating
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94818000 USD
CY2020 us-gaap Interest Expense
InterestExpense
15008000 USD
CY2020 us-gaap Noninterest Expense
NoninterestExpense
53744000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23819000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5491000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
18328000 USD
CY2020Q4 us-gaap Assets
Assets
2482587000 USD
CY2019 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
92652000 USD
CY2019 us-gaap Interest Expense
InterestExpense
25383000 USD
CY2019 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
67269000 USD
CY2019 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2300000 USD
CY2019 us-gaap Noninterest Income
NoninterestIncome
14983000 USD
CY2019 us-gaap Noninterest Expense
NoninterestExpense
44473000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
35479000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7621000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
27858000 USD
CY2019Q4 us-gaap Assets
Assets
2267195000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
18328000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
27858000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
22289000 USD

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