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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Schedule of condensed financial information of Southern First Bancshares, Inc. (parent company only) | Following is condensed financial information of Southern First Bancshares, Inc. (parent company only): Condensed Balance Sheets
|  | December 31,
(dollars in thousands) |  | 2020 |  | 2019 |
Assets |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 9,019 |  |  | 7,753 |
Investment in subsidiaries |  |  | 255,518 |  |  | 234,310 |
Other assets |  |  | 29 |  |  | 6 |
Total assets |  | $ | 264,566 |  |  | 242,069 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 274 |  |  | 319 |
Subordinated debentures |  |  | 35,998 |  |  | 35,890 |
Shareholders’ equity |  |  | 228,294 |  |  | 205,860 |
Total liabilities and shareholders’ equity |  | $ | 264,566 |  |  | 242,069 |
108 Table of Contents Condensed Statements of Income
|  | For the years ended December 31,
(dollars in thousands) |  | 2020 |  | 2019 |  | 2018 |
Revenues |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 17 |  |  | 13 |  |  | 9 |
Total revenue |  |  | 17 |  |  | 13 |  |  | 9 |
Expenses |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 1,708 |  |  | 929 |  |  | 592 |
Other expenses |  |  | 283 |  |  | 240 |  |  | 240 |
Total expenses |  |  | 1,991 |  |  | 1,169 |  |  | 832 |
Income tax benefit |  |  | 415 |  |  | 243 |  |  | 173 |
Loss before equity in undistributed net income of subsidiaries |  |  | (1,559 | ) |  | (913 | ) |  | (650 | )
Equity in undistributed net income of subsidiaries |  |  | 19,887 |  |  | 28,771 |  |  | 22,939 |
Net income |  | $ | 18,328 |  |  | 27,858 |  |  | 22,289 |
Condensed Statements of Cash Flows
|  |  | For the years ended December 31,
(dollars in thousands) |  | 2020 |  |  | 2019 |  | 2018 |
Operating activities |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 18,328 |  |  |  | 27,858 |  |  | 22,289 |
Adjustments to reconcile net income to cash provided by (used for) operating activities |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (19,887 | ) |  |  | (28,771 | ) |  | (22,939 | )
Compensation expense related to stock options and restricted stock grants |  |  | 1,397 |  |  |  | 1,698 |  |  | 1,502 |
(Increase) decrease in other assets |  |  | (23 | ) |  |  | 12 |  |  | 12 |
Increase (decrease) in accounts payable and accrued expenses |  |  | 63 |  |  |  | (202 | ) |  | 2 |
Net cash provided by (used for) operating activities |  |  | (122 | ) |  |  | 595 |  |  | 866 |
Investing activities |  |  |  |  |  |  |  |  |  |  |
Investment in subsidiaries, net |  |  | - |  |  |  | - |  |  | - |
Net cash used for investing activities |  |  | - |  |  |  | - |  |  | - |
Financing activities |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock |  |  | - |  |  |  | - |  |  | - |
Proceeds from the exercise of stock options and warrants |  |  | 1,388 |  |  |  | 1,769 |  |  | 900 |
Net cash provided by financing activities |  |  | 1,388 |  |  |  | 1,769 |  |  | 900 |
Net increase in cash and cash equivalents |  |  | 1,266 |  |  |  | 2,364 |  |  | 1,766 |
Cash and cash equivalents, beginning of year |  |  | 7,753 |  |  |  | 5,389 |  |  | 3,623 |
Cash and cash equivalents, end of year |  | $ | 9,019 |  |  |  | 7,753 |  |  | 5,389 |

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- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
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