Southern First Bancshares (SFST) 8-K Regulation FD Disclosure

Exhibit 99.1

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GREENVILLE FIRST BANCSHARES, INC.

www.greenvillefirst.com

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Financial Services Conference

November 11^th, 2004

Forward-Looking Statements

During the course of this presentation, management may make projections and forward-looking statements regarding events or the future financial performance of Greenville First Bancshares, Inc. We wish to caution you that these forward-looking statements involve certain risks and uncertainties, including a variety of factors that may cause Greenville First’s actual results to differ materially from the anticipated results expressed in these forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements and are advised to review the risk factors that may affect Greenville First’s operating results in documents filed by Greenville First Bancshares, Inc. with the Securities and Exchange Commission, including the Form SB-2 Registration Statement, the Annual report on Form 10-KSB and other required filings. Greenville First assumes no duty to update the forward-looking statements made in this presentation.

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Greenville First Bancshares, Inc.

Corporate Profile:

•Greenville First Bank opened January 10, 2000

•$293 million in total assets (3rd Qtr 2004)

•GVBK — NASDAQ market

•2,647,994 shares outstanding — 22.7% insider ownership (1)

•Greenville, SC Market — $6.6 billion in deposits (2)

•2.3% market share as of June 2003 (2)

•1 office / 34 employees

Notes

(1)Fully diluted shares = 2,915,600 as of October 31,2004

(2)FDIC data as of June 30, 2003

Corporate Strategy — Unique Model

Client First

•Focus

•Professional / Executive Market

•Structure

•Relationship Teams

•People

•Experienced & Performance Driven

Attractive Greenville Market

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•SC’s most populous county

•Largest deposit market in SC with over $6.6 billion in deposits

•Deposit growth averaging 6% annually over the past five years

•Over 65% of deposits controlled by financial institutions headquartered outside of market

Source - - FDIC

Performance Highlight - GROWTH

•Asset growth is 36% over September 2003

•3^rd quarter year to date earnings up 97% over same period in 2003

Total Assets (in millions)

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Net Earnings (in thousands)

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Notes:

(1)As of September 30, 2004

(2)Through September 30, 2004

Performance Highlight — ASSET QUALITY

•Loan loss reserve / total loans = 1.33% (1)

•Loan loss reserve covers nonperforming loans more than 20 times

NCO’s to Avg. Total Loans

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NPA’s / Total Assets

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Notes:

(1)Data as of September 30, 2004 / includes nonperforming loans

Performance Highlight — EFFICIENCY

•$7.7 million assets per employee — highest figure of any bank in SC (1)

Efficiency Ratio

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Notes:

(1)As of December 31, 2003

Performance Highlight — MOMENTUM

•Asset growth

•2004 is fastest growing period in company’s history

•Earnings growth

•Margin is expanding

•Retail funding focus

•Transaction account balances have increased 54% ytd 2004

•New capital

•$16.4 million of new capital provides foundation for continued growth

•Market expansion

•2 strategic offices opening in 2005

Greenville First Bancshares, Inc.

Summary

•Experienced & Performance Oriented Leadership

•Unique ClientFirst Model

•Attractive Greenville, SC Market

•Growth Story

•Disciplined Credit Culture

•Momentum