XML 51 R38.htm IDEA: XBRL DOCUMENT
v3.20.4

Property and Equipment (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Property, Plant and Equipment [Abstract] |
Components of property and equipment | Property and equipment are stated at cost less accumulated depreciation. Components of property and equipment included in the consolidated balance sheets are as follows:
|  | December 31, |
(dollars in thousands) |  | 2020 |  |  | 2019 |
Land |  | $ | 10,678 |  |  |  | 11,531 |
Buildings |  |  | 21,966 |  |  |  | 24,136 |
Leasehold improvements |  |  | 5,503 |  |  |  | 4,486 |
Furniture and equipment |  |  | 10,459 |  |  |  | 10,219 |
Software |  |  | 386 |  |  |  | 367 |
Construction in process |  |  | 6,179 |  |  |  | 939 |
Accumulated depreciation and amortization |  |  | (13,703 | ) |  |  | (12,705 | )
Property and equipment, excluding ROU assets |  |  | 41,468 |  |  |  | 38,973 |
ROU assets |  |  | 18,768 |  |  |  | 19,505 |
Total property and equipment |  | $ | 60,236 |  |  |  | 58,478 |
Schedule of estimated useful lives of property and equipment | On October 9, 2020 we sold two of our office locations in Columbia, South Carolina and recognized a gain of $180,000 in the transaction. Construction in process at December 31, 2020 and 2019 primarily included costs associated with the new bank headquarters building. Depreciation and amortization expense for the years ended December 31, 2020 and 2019 was $2.1 million and $1.9 million, respectively. Depreciation and amortization are charged to operations utilizing a straight-line method over the estimated useful lives of the assets. The estimated useful lives for the principal items follow:
Type of Asset |  | Life in Years |
Software |  | 3 |
Furniture and equipment |  | 5 to 7 |
Leasehold improvements |  | 5 to 15 |
Buildings |  | 40 |

X
- Definition Schedule of estimated useful lives of property plant and equipment. + References No definition available. + Details
Name: | sfst_ScheduleOfEstimatedUsefulLivesOfPropertyPlantAndEquipmentTableTextBlock
Namespace Prefix: | sfst_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration