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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2021
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) |  | 2021 |  | 2020 |
Assets |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 12,379 |  |  | 9,019 |
Investment in subsidiaries |  |  | 301,880 |  |  | 255,518 |
Other assets |  |  | 21 |  |  | 29 |
Total assets |  | $ | 314,280 |  |  | 264,566 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 274 |  |  | 274 |
Subordinated debentures |  |  | 36,105 |  |  | 35,998 |
Shareholders’ equity |  |  | 277,901 |  |  | 228,294 |
Total liabilities and shareholders’ equity |  | $ | 314,280 |  |  | 264,566 |
107 Table of Contents Condensed Statements of Income
|  | For the years ended December 31,
(dollars in thousands) |  | 2021 |  | 2020 |  | 2019 |
Revenues |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 17 |  |  | 17 |  |  | 13 |
Total revenue |  |  | 17 |  |  | 17 |  |  | 13 |
Expenses |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 1,523 |  |  | 1,708 |  |  | 929 |
Other expenses |  |  | 285 |  |  | 283 |  |  | 240 |
Total expenses |  |  | 1,808 |  |  | 1,991 |  |  | 1,169 |
Income tax benefit |  |  | 376 |  |  | 415 |  |  | 243 |
Loss before equity in undistributed net income of subsidiaries |  |  | (1,415 | ) |  | (1,559 | ) |  | (913 | )
Equity in undistributed net income of subsidiaries |  |  | 48,126 |  |  | 19,887 |  |  | 28,771 |
Net income |  | $ | 46,711 |  |  | 18,328 |  |  | 27,858 |
Condensed Statements of Cash Flows
|  |  | For the years ended December 31,
(dollars in thousands) |  | 2021 |  |  | 2020 |  | 2019 |
Operating activities |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 46,711 |  |  |  | 18,328 |  |  | 27,858 |
Adjustments to reconcile net income to cash provided by (used for) operating activities |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (48,126 | ) |  |  | (19,887 | ) |  | (28,771 | )
Compensation expense related to stock options and restricted stock grants |  |  | 1,647 |  |  |  | 1,397 |  |  | 1,698 |
(Increase) decrease in other assets |  |  | 8 |  |  |  | (23 | ) |  | 12 |
Increase (decrease) in accounts payable and accrued expenses |  |  | 108 |  |  |  | 63 |  |  | (202 | )
Net cash provided by (used for) operating activities |  |  | 348 |  |  |  | (122 | ) |  | 595 |
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 |  |  | 3,012 |  |  |  | 1,388 |  |  | 1,769 |
Net cash provided by financing activities |  |  | 3,012 |  |  |  | 1,388 |  |  | 1,769 |
Net increase in cash and cash equivalents |  |  | 3,360 |  |  |  | 1,266 |  |  | 2,364 |
Cash and cash equivalents, beginning of year |  |  | 9,019 |  |  |  | 7,753 |  |  | 5,389 |
Cash and cash equivalents, end of year |  | $ | 12,379 |  |  |  | 9,019 |  |  | 7,753 |

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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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