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Southern First Bancshares SFST SEC Schedule, 12-09, Valuation Allowances and Reserves, Addition, Recovery

Discontinued — last reported Q4 '21

SEC Schedule, 12-09, Valuation Allowances and Reserves, Addition, Recovery at other companies

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$1.61M+29.8%

Segments

By product

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Business$13K-79.0%
Non Owner Occupied Re$11K
Home Equitys$2K-50.0%

Other financials

Income statement

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Revenue$35.9M+25.3%
Net income$11.2M+70.1%
EPS (diluted)$1.20+48.1%

Balance sheet

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Cash & equivalents$361.6M+1,336%
Total debt$22.1M-6.3%
Total equity$452.3M+30.9%
Total assets$4.7B+9.1%

Cash flow

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Operating cash flow$10.8M+42.1%
CapEx$280.0K+98.6%
Free cash flow$10.5M+41.0%

Valuation

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Market cap$599.85M+79.8%
P/E15.2×-0.1×
P/S4.5×+1.3×

Profitability

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Net margin29.9%+8.9pp
FCF margin28.1%-9.9pp

Returns & leverage

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Return on equity9.9%+3.3pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Southern First Bancshares in its filing.

Tagged under the XBRL concept us-gaap:ValuationAllowancesAndReservesRecoveries.

The source filing: Southern First Bancshares’s 10-K, filed February 13, 2023.

Filed
Feb 13, 2023
Fiscal year
FY2022
Accession
0001206774-23-000172
(dollars in thousands)Year ended December 31, 2021 / CommercialYear ended December 31, 2021 / ConsumerYear ended December 31, 2021 / TotalYear ended December 31, 2020 / CommercialYear ended December 31, 2020 / ConsumerYear ended December 31, 2020 / Total
Balance, beginning of period$29,16614,98344,14911,3725,27016,642
Provision(7,014)(5,386)(12,400)19,50010,10029,600
Loan charge-offs(2,018)(148)(2,166)(2,911)(503)(3,414)
Loan recoveries5962298251,2051161,321
Net loan charge-offs(1,422)81(1,341)(1,706)(387)(2,093)
Balance, end of period$20,7309,67830,40829,16614,98344,149

Item 8. Financial Statements

FAQ

What is Southern First Bancshares's SEC schedule, 12-09, valuation allowances and reserves, addition, recovery?
Southern First Bancshares (SFST) reported SEC schedule, 12-09, valuation allowances and reserves, addition, recovery of $206.25K in Q4 2021.

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