XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Troubled Debt Restructurings | 9 Months Ended
--- | ---
Sep. 30, 2017
Troubled Debt Restructurings [Abstract] |
Troubled Debt Restructurings | NOTE 5 – Troubled Debt Restructurings At September 30, 2017, the Company had 19 loans totaling $7.7 million compared to 17 loans totaling $6.7 million at December 31, 2016, which were considered as TDRs. The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company grants a concession to the debtor that it would not normally consider. Concessions can relate to the contractual interest rate, maturity date, or payment structure of the note. As part of the workout plan for individual loan relationships, the Company may restructure loan terms to assist borrowers facing financial challenges in the current economic environment. To date, the Company has restored four commercial loans previously classified as TDRs to accrual status. The following table summarizes the concession at the time of modification and the recorded investment in the Company’s TDRs before and after their modification during the nine months ended September 30, 2017 and 2016, respectively.
|  |  |  |  |  |  |  | For the nine months ended September 30, 2017
|  |  |  |  |  |  |  |  |  |  |  | Pre- |  | Post-
|  |  |  |  |  |  |  |  |  |  |  | modification |  | modification
|  | Renewals |  | Reduced |  | Converted |  | Maturity |  | Total |  | outstanding |  | outstanding
|  | deemed a |  | or deferred |  | to interest |  | date |  | Number |  | recorded |  | recorded
(dollars in thousands) |  | concession |  | payments |  | only |  | extensions |  | of loans |  | investment |  | investment
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied RE |  | 1 |  | - |  | - |  | - |  | 1 |  | $ | 976 |  | $ | 976
Business |  | 1 |  | 1 |  | - |  | - |  | 2 |  |  | 378 |  |  | 387
Total loans |  | 2 |  | 1 |  | - |  | - |  | 3 |  | $ | 1,354 |  | $ | 1,363
|  |  |  |  |  |  |  | For the nine months ended September 30, 2016
|  |  |  |  |  |  |  |  |  |  |  |  | Pre- |  |  | Post-
|  |  |  |  |  |  |  |  |  |  |  | modification |  | modification
|  | Renewals |  | Reduced |  | Converted |  | Maturity |  | Total |  | outstanding |  | outstanding
|  | deemed a |  | or deferred |  | to interest |  | date |  | Number |  | recorded |  | recorded
(dollars in thousands) |  | concession |  | payments |  | only |  | extensions |  | of loans |  | investment |  | investment
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied |  | 1 |  | - |  | - |  | - |  | 1 |  | $ | 18 |  | $ | 22
Business |  | 1 |  | - |  | - |  | - |  | 1 |  |  | 2,381 |  |  | 2,381
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  | 1 |  | - |  | - |  | - |  | 1 |  |  | 188 |  |  | 188
Other |  | 1 |  | - |  | - |  | - |  | 1 |  |  | 26 |  |  | 30
Total loans |  | 4 |  | - |  | - |  | - |  | 4 |  | $ | 2,613 |  | $ | 2,621
As of September 30, 2017 there were no loans modified as TDRs for which there was a payment default (60 days past due) within 12 months of the restructuring date. There was one such loan at September 30, 2016 with a recorded investment of $30,000.

X
- Definition Disclosure of the accounting policy for loan agreements whose terms have been modified because of the inability of the borrower for financial reasons to comply with the terms of the original loan agreement. A creditor discloses material facts pertaining to significant modifications. + References No definition available. + Details
Name: | sfst_TroubledDebtRestructuringTextBlock
Namespace Prefix: | sfst_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | sfst_TroubledDebtRestructuringsAbstract
Namespace Prefix: | sfst_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration