Southern First Bancshares (SFST) 10-K 3 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 24, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	SOUTHERN FIRST BANCSHARES INC
Entity Central Index Key	1,090,009
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Well-Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 136,831,609
Entity Common Stock, Shares Outstanding		6,466,945

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Cash and cash equivalents:
Cash and due from banks	$ 11,574	$ 12,280
Federal funds sold	24,039	33,582
Interest-bearing deposits with banks	10,939	17,004
Total cash and cash equivalents	46,552	62,866
Investment securities:
Investment securities available for sale	64,480	89,939
Other investments	5,742	5,532
Total investment securities	70,222	95,471
Mortgage loans held for sale	7,801	4,943
Loans	1,163,644	1,004,944
Less allowance for loan losses	14,855	13,629
Loans, net	1,148,789	991,315
Bank owned life insurance	25,471	24,735
Property and equipment, net	28,362	24,185
Deferred income taxes, net	6,825	6,923
Other assets	6,886	6,855
Total assets	1,340,908	1,217,293
LIABILITIES
Deposits	1,091,151	985,733
Federal Home Loan Bank advances and other borrowings	115,200	115,200
Junior subordinated debentures	13,403	13,403
Other liabilities	11,282	8,717
Total liabilities	1,231,036	1,123,053
SHAREHOLDERS' EQUITY
Preferred stock, par value $.01 per share, 10,000,000 shares authorized
Common stock, par value $.01 per share, 10,000,000 shares authorized, 6,463,789 and 6,289,038 shares issued and outstanding at December 31, 2016 and 2015, respectively	65	63
Nonvested restricted stock	(600)	(360)
Additional paid-in capital	73,371	70,037
Accumulated other comprehensive income (loss)	(504)	(4)
Retained earnings	37,540	24,504
Total shareholders' equity	109,872	94,240
Total liabilities and shareholders' equity	$ 1,340,908	$ 1,217,293

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Balance Sheets [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	6,463,789	6,289,038
Common stock, shares outstanding	6,463,789	6,289,038

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest income
Loans	$ 49,315	$ 44,316	$ 38,092
Investment securities	1,711	1,577	1,784
Federal funds sold	165	137	72
Total interest income	51,191	46,030	39,948
Interest expense
Deposits	3,941	3,585	2,820
Borrowings	4,251	3,916	4,088
Total interest expense	8,192	7,501	6,908
Net interest income	42,999	38,529	33,040
Provision for loan losses	2,300	3,200	4,175
Net interest income after provision for loan losses	40,699	35,329	28,865
Noninterest income
Mortgage banking income	6,837	4,963	2,699
Service fees on deposit accounts	1,002	893	923
Income from bank owned life insurance	736	685	667
Gain on sale of investment securities	431	297	230
Other income	1,840	1,578	1,261
Total noninterest income	10,846	8,416	5,780
Noninterest expenses
Compensation and benefits	18,969	17,048	14,043
Occupancy	3,582	3,310	2,978
Other real estate owned expenses	1,215	1,142	647
Outside service and data processing costs	2,654	2,447	2,514
Insurance	962	855	832
Professional fees	1,208	987	952
Marketing	807	870	774
Other	1,779	1,550	2,167
Total noninterest expenses	31,176	28,209	24,907
Income before income tax expense	20,369	15,536	9,738
Income tax expense	7,333	5,369	3,113
Net income	13,036	10,167	6,625
Preferred stock dividend			915
Net income available to common shareholders	$ 13,036	$ 10,167	$ 5,710
Earnings per common share
Basic	$ 2.06	$ 1.64	$ 1.15
Diluted	$ 1.94	$ 1.55	$ 1.10
Weighted average common shares outstanding
Basic	6,318,322	6,204,518	4,980,595
Diluted	6,720,888	6,560,739	5,199,376

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statements of Comprehensive Income (Loss) [Abstract]
Net income	$ 13,036	$ 10,167	$ 6,625
Unrealized gain (loss) on securities available for sale:
Unrealized holding gain (loss) arising during the period, pretax	(327)	(167)	2,731
Tax (expense) benefit	111	57	(929)
Reclassification of realized gain	(431)	(297)	(230)
Tax expense	147	101	78
Other comprehensive income (loss)	(500)	(306)	1,650
Comprehensive income	$ 12,536	$ 9,861	$ 8,275

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common stock	Preferred stock	Nonvested restricted stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Retained earnings
Balance at Dec. 31, 2013	$ 65,665	$ 43	$ 15,299	$ (636)	$ 43,585	$ (1,348)	$ 8,722
Balance, shares at Dec. 31, 2013		4,319,750	15,299
Net income	6,625						6,625
Preferred stock transactions: Redemption of preferred stock	(15,299)		$ (15,299)
Preferred stock transactions: Redemption of preferred stock, shares			(15,299)
Preferred stock transactions: Cash dividends on Series T preferred stock	(1,010)						(1,010)
Issuance of common stock	24,376	$ 18			24,358
Issuance of common stock, shares		1,855,000
Proceeds from exercise of stock options	356	$ 1			355
Proceeds from exercise of stock options, shares		39,752
Issuance of restricted stock				(57)	57
Issuance of restricted stock, shares		4,500
Compensation expense related to restricted stock, net of tax	199			199
Compensation expense related to stock options, net of tax	430				430
Other comprehensive loss	1,650					1,650
Balance at Dec. 31, 2014	82,992	$ 62		(494)	68,785	302	14,337
Balance, shares at Dec. 31, 2014		6,219,002
Net income	10,167						10,167
Proceeds from exercise of stock options	628	$ 1			627
Proceeds from exercise of stock options, shares		67,036
Issuance of restricted stock				(69)	69
Issuance of restricted stock, shares		3,000
Compensation expense related to restricted stock, net of tax	203			203
Compensation expense related to stock options, net of tax	556				556
Other comprehensive loss	(306)					(306)
Balance at Dec. 31, 2015	94,240	$ 63		(360)	70,037	(4)	24,504
Balance, shares at Dec. 31, 2015		6,289,038
Net income	13,036						13,036
Proceeds from exercise of stock options	1,098	$ 2			1,096
Proceeds from exercise of stock options, shares		152,751
Issuance of restricted stock				(526)	526
Issuance of restricted stock, shares		22,000
Compensation expense related to restricted stock, net of tax	469			286	183
Compensation expense related to stock options, net of tax	1,529				1,529
Other comprehensive loss	(500)					(500)
Balance at Dec. 31, 2016	$ 109,872	$ 65		$ (600)	$ 73,371	$ (504)	$ 37,540
Balance, shares at Dec. 31, 2016		6,463,789

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating activities
Net income	$ 13,036	$ 10,167	$ 6,625
Adjustments to reconcile net income to cash provided by operating activities:
Provision for loan losses	2,300	3,200	4,175
Depreciation and other amortization	1,251	1,310	1,207
Accretion and amortization of securities discounts and premiums, net	581	353	375
Gain on sale of investment securities available for sale	(431)	(297)	(230)
(Gain) loss on sale of other real estate owned	428	(63)	70
Write-down of other real estate owned	466	937	320
Compensation expense related to stock options and restricted stock grants	1,998	759	629
Gain on sale of loans held for sale	(6,553)	(4,963)	(2,699)
Loans originated and held for sale	(251,397)	(201,842)	(109,871)
Proceeds from sale of loans held for sale	255,092	213,627	104,416
Increase in cash surrender value of bank owned life insurance	(736)	(685)	(667)
(Increase) decrease in deferred tax asset	356	(1,256)	(1,422)
Increase in other assets, net	(1,867)	(495)	(213)
Increase (decrease) in other liabilities, net	2,565	(646)	2,019
Net cash provided by operating activities	17,089	20,106	4,734
Increase (decrease) in cash realized from:
Increase in loans, net	(160,019)	(135,294)	(143,585)
Purchase of property and equipment	(5,428)	(4,650)	(2,225)
Purchase of investment securities:
Available for sale	(17,976)	(57,219)	(2,073)
Other investments	(806)	(149)	(1,800)
Proceeds from maturities, calls and repayments of investment securities:
Available for sale	20,341	11,711	6,418
Other investments	596	1,140	1,394
Proceeds from sale of investment securities:
Available for sale	22,186	10,072	10,427
Other investments
Purchase of life insurance policies		(2,000)
Proceeds from sale of other real estate owned	1,187	431	660
Net cash used for investing activities	(139,919)	(175,958)	(130,784)
Increase (decrease) in cash realized from:
Increase in deposits, net	105,418	196,826	108,588
Decrease in note payable			(1,400)
Increase (decrease) in Federal Home Loan Bank advances and other borrowings		(20,000)	12,500
Cash dividend on preferred stock			(1,010)
Redemption of preferred stock			(15,299)
Issuance of common stock			24,376
Proceeds from the exercise of stock options	1,098	628	356
Net cash provided by financing activities	106,516	177,454	128,111
Net increase (decrease) in cash and cash equivalents	(16,314)	21,602	2,061
Cash and cash equivalents, beginning of year	62,866	41,264	39,203
Cash and cash equivalents, end of year	46,552	62,866	41,264
Cash paid for
Interest	8,311	7,293	6,907
Income taxes	6,680	6,625	4,535
Schedule of non-cash transactions
Foreclosure of other real estate	245	473	3,159
Unrealized (gain) loss on securities, net of income taxes	$ 216	$ 110	$ (1,802)

Summary of Significant Accounti

Summary of Significant Accounting Policies and Activities	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies and Activities [Abstract]
Summary of Significant Accounting Policies and Activities	NOTE 1 – Summary of Significant Accounting Policies and Activities Southern First Bancshares, Inc. Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Southern First Bank. We have no additional reportable operating segments under Accounting Standards Codification (“ASC”) 280 “Segment Reporting.” In consolidation, all significant intercompany transactions have been eliminated. The accounting and reporting policies conform to accounting principles generally accepted in the United States of America. In accordance with guidance issued by the Financial Accounting Standards Board (“FASB”), the operations of the Trusts have not been consolidated in these financial statements. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amount of income and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, real estate acquired in settlement of loans, fair value of financial instruments, evaluating other-than-temporary-impairment of investment securities and valuation of deferred tax assets. Risks and Uncertainties In the normal course of its business, the Company encounters two significant types of risks: economic and regulatory. There are three main components of economic risk: interest rate risk, credit risk and market risk. The Company is subject to interest rate risk to the degree that its interest-bearing liabilities mature or reprice at different speeds, or on different bases, than its interest-earning assets. Credit risk is the risk of default within the Company’s loan portfolio that results from borrowers’ inability or unwillingness to make contractually required payments. Market risk reflects changes in the value of collateral underlying loans receivable and the valuation of real estate held by the Company. The Company is subject to the regulations of various governmental agencies. These regulations can and do change significantly from period to period. The Company also undergoes periodic examinations by the regulatory agencies, which may subject it to changes with respect to valuation of assets, amount of required loan loss allowance and operating restrictions resulting from the regulators’ judgments based on information available to them at the time of their examinations. The Bank makes loans to individuals and businesses in the Upstate, Midlands, and Lowcountry regions of South Carolina for various personal and commercial purposes. The Bank’s loan portfolio has a concentration of real estate loans. As of December 31, 2016 and 2015, real estate loans represented 81.1% and 81.4%, respectively, of total loans. However, borrowers’ ability to repay their loans is not dependent upon any specific economic sector. Subsequent Events Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. Management performed an evaluation to determine whether there have been any subsequent events since the balance sheet date and determined that no subsequent events occurred requiring accrual or disclosure. Initial Adoption of Fair Value Option In accordance with ASC 825-10 – Financial Instruments Reclassifications Certain amounts, previously reported, have been reclassified to state all periods on a comparable basis and had no effect on shareholders’ equity or net income. Cash and Cash Equivalents Cash and cash equivalents include cash and due from banks, interest bearing deposits and federal funds sold. Cash and cash equivalents have original maturities of three months or less, and federal funds sold are generally purchased and sold for one-day periods. Accordingly, the carrying value of these instruments is deemed to be a reasonable estimate of fair value. At December 31, 2016 and 2015, included in cash and cash equivalents was $5.0 million on deposit with the Federal Reserve Bank. Investment Securities We classify our investment securities as held to maturity securities, trading securities and available for sale securities as applicable. Debt securities are designated as held to maturity if we have the intent and the ability to hold the securities to maturity. Held to maturity securities are carried at amortized cost, adjusted for the amortization of any related premiums or the accretion of any related discounts into interest income using a methodology which approximates a level yield of interest over the estimated remaining period until maturity. Unrealized losses on held to maturity securities, reflecting a decline in value judged by us to be other than temporary, are charged to income in the Consolidated Statements of Income. Debt and equity securities that are purchased and held principally for the purpose of selling in the near term are reported as trading securities. Trading securities are carried at fair value with unrealized holding gains and losses included in earnings. We classify debt and equity securities as available for sale when at the time of purchase we determine that such securities may be sold at a future date or if we do not have the intent or ability to hold such securities to maturity. Securities designated as available for sale are recorded at fair value. Changes in the fair value of debt and equity securities available for sale are included in shareholders’ equity as unrealized gains or losses, net of the related tax effect. Unrealized losses on available for sale securities, reflecting a decline in value judged to be other than temporary, are charged to income in the Consolidated Statements of Income. Realized gains or losses on available for sale securities are computed on the specific identification basis. Other Investments The Bank, as a member institution, is required to own a stock investment in the Federal Home Loan Bank of Atlanta (“FHLB”). This stock is generally pledged against any borrowings from the FHLB and cash dividends on our FHLB stock are recorded in investment income. No ready market exists for these stocks and they have no quoted market value. However, redemption of this stock has historically been at par value. Other investments also include a $403,000 investment in the Trusts. Loans Loans are stated at the principal balance outstanding. Unamortized net loan fees and the allowance for possible loan losses are deducted from total loans on the balance sheets. Interest income is recognized over the term of the loan based on the principal amount outstanding. The net of loan origination fees received and direct costs incurred in the origination of loans is deferred and amortized to interest income over the contractual life of the loans adjusted for actual principal prepayments using a method approximating the interest method. Nonaccrual and Past Due Loans Loans are generally placed on nonaccrual status when principal or interest becomes 90 days past due, or when payment in full is not anticipated. When a loan is placed on nonaccrual status, interest accrued but not received is generally reversed against interest income. Cash receipts on nonaccrual loans are not recorded as interest income, but are used to reduce the loan’s principal balance. A nonaccrual loan is generally returned to accrual status and accrual of interest is resumed when payments have been made according to the terms and conditions of the loan for a continuous six month period. Our loans are considered past due when contractually required principal or interest payments have not been made on the due dates. Nonperforming Assets Nonperforming assets include real estate acquired through foreclosure or deed taken in lieu of foreclosure, loans on nonaccrual status and loans past due 90 days or more and still accruing interest. Loans are placed on nonaccrual status when, in the opinion of management, the collection of additional interest is uncertain. Thereafter no interest is taken into income until such time as the borrower demonstrates the ability to pay both principal and interest. Impaired Loans Our impaired loans include loans on nonaccrual status and loans modified in a troubled debt restructuring (“TDR”), whether on accrual or nonaccrual status. For loans that are classified as impaired, an allowance is established when the fair value (discounted cash flows, collateral value, or observable market price) of the impaired loan less costs to sell, are lower than the carrying value of that loan. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due, among other factors. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including, without limitation, the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Prior to this change, large groups of smaller balance homogeneous consumer loans were collectively evaluated for impairment, and we did not separately identify individual consumer loans for impairment disclosures. Loan Charge-off Policy For commercial loans, we generally fully charge off or charge collateralized loans down to net realizable value when management determines the loan to be uncollectible; repayment is deemed to be projected beyond reasonable time frames; the loan has been classified as a loss by either our internal loan review process or our banking regulatory agencies; the client has filed bankruptcy and the loss becomes evident owing to a lack of assets; or the loan is 120 days past due unless both well-secured and in the process of collection. For consumer loans, we generally charge down to net realizable value when the loan is 180 days past due. Troubled Debt Restructuring (TDRs) The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company provides concessions such that we will not collect all principal and interest in accordance with the original terms of the loan agreement. Concessions can relate to the contractual interest rate, maturity date, or payment structure of the note. As part of our workout plan for individual loan relationships, we may restructure loan terms to assist borrowers facing challenges in the current economic environment. Our policy with respect to accrual of interest on loans restructured in a TDR follows relevant supervisory guidance. That is, if a borrower has demonstrated performance under the previous loan terms and shows capacity to perform under the restructured loan terms; continued accrual of interest at the restructured interest rate is likely. If a borrower was materially delinquent on payments prior to the restructuring, but shows capacity to meet the restructured loan terms, the loan will likely continue as nonaccrual going forward. Lastly, if the borrower does not perform under the restructured terms, the loan is placed on nonaccrual status. We will continue to closely monitor these loans and will cease accruing interest on them if management believes that the borrowers may not continue performing based on the restructured note terms. If, after previously being classified as a TDR, a loan is restructured a second time and the borrower continues to experience financial difficulties, then that loan is automatically placed on nonaccrual status. Our policy with respect to nonperforming loans requires the borrower to make a minimum of six consecutive payments of principal and interest in accordance with the loan terms before that loan can be placed back on accrual status. Further, the borrower must show capacity to continue performing into the future prior to restoration of accrual status. In addition, our policy, in accordance with supervisory guidance, also provides for a loan to be removed from TDR status if the loan is modified or renewed at terms consistent with current market rates and the loan has been performing under modified terms for an extended period of time or under certain circumstances. In the determination of the allowance for loan losses, management considers TDRs on commercial and consumer loans and subsequent defaults in these restructurings by measuring impairment, on a loan by loan basis, based on either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price, or the fair value of the collateral, less costs to sell, if the loan is collateral dependent. Allowance for Loan Losses The allowance for loan losses is management’s estimate of credit losses inherent in the loan portfolio. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. We have an established process to determine the adequacy of the allowance for loan losses that assesses the losses inherent in our portfolio. While we attribute portions of the allowance to specific portfolio segments, the entire allowance is available to absorb credit losses inherent in the total loan portfolio. Our process involves procedures to appropriately consider the unique risk characteristics of our commercial and consumer loan portfolio segments. For each portfolio segment, impairment is measured individually for each impaired loan. Our allowance levels are influenced by loan volume, loan grade or delinquency status, historic loss experience and other economic conditions. See Note 4 to the Consolidated Financial Statements for additional information on the allowance for loan losses. Other Real Estate Owned Real estate acquired through foreclosure is initially recorded at the lower of cost or estimated fair value less selling costs. Subsequent to the date of acquisition, it is carried at the lower of cost or fair value, adjusted for net selling costs. Fair values of real estate owned are reviewed regularly and write-downs are recorded when it is determined that the carrying value of real estate exceeds the fair value less estimated costs to sell. Costs relating to the development and improvement of such property are capitalized, whereas those costs relating to holding the property are expensed. Property and Equipment Property and equipment are stated at cost. Major repairs are charged to operations, while major improvements are capitalized. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Upon retirement, sale, or other disposition of property and equipment, the cost and accumulated depreciation are eliminated from the accounts, and gain or loss is included in income from operations. Construction in progress is stated at cost, which includes the cost of construction and other direct costs attributable to the construction. No provision for depreciation is made on construction in progress until such time as the relevant assets are completed and put into use. Bank Owned Life Insurance Policies Bank owned life insurance policies represent the cash value of policies on certain officers of the Company. Securities Sold Under Agreements to Repurchase The Bank enters into sales of securities under agreements to repurchase (reverse repurchase agreements). Repurchase agreements are treated as financing, with the obligation to repurchase securities sold being reflected as a liability and the securities underlying the agreements remaining as assets in the Consolidated Balance Sheets. Comprehensive Income Comprehensive income (loss) consists of net income and net unrealized gains (losses) on securities and is presented in the statements of shareholders’ equity and comprehensive income. The statement requires only additional disclosures in the consolidated financial statements; it does not affect our results of operations. Income Taxes The financial statements have been prepared on the accrual basis. When income and expenses are recognized in different periods for financial reporting purposes versus for the purposes of computing income taxes currently payable, deferred taxes are provided on such temporary differences. Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been recognized in the consolidated financial statements or tax returns. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. The Company believes that its income tax filing positions taken or expected to be taken on its tax returns will more likely than not be sustained upon audit by the taxing authorities and does not anticipate any adjustments that will result in a material adverse impact on the Company’s financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded. The Company’s federal and state income tax returns are open and subject to examination from the 2013 tax return year and forward. Stock-Based Compensation The Company has a stock-based employee compensation plan. Compensation cost is recognized for all stock options granted and for any outstanding unvested awards as if the fair value method had been applied to those awards as of the date of grant. Recently Issued Accounting Pronouncements The following is a summary of recent authoritative pronouncements that could impact the accounting, reporting, and/or disclosure of financial information by the Company. In May 2014, the FASB issued guidance to change the recognition of revenue from contracts with customers. The core principle of the guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. In August 2015, the FASB deferred the effective date of ASU 2014-09, Revenue from Contracts with Customers. As a result of the deferral, the guidance in ASU 2014-09 will be effective for the Company for reporting periods beginning after December 15, 2017. In March 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify the implementation guidance on principal versus agent considerations and address how an entity should assess whether it is the principal or the agent in contracts that include three or more parties. In April 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify guidance related to identifying performance obligations and accounting for licenses of intellectual property. In May 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify guidance related to collectability, noncash consideration, presentation of sales tax, and transition. The Company does not expect these amendments to have a material effect on its financial statements. In August 2015, the FASB deferred the effective date of ASU 2014-09, Revenue from Contracts with Customers. In November 2015, the FASB amended the Income Taxes topic of the Accounting Standards Codification to simplify the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments will be effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted as of the beginning of an interim or annual reporting period. The Company does not expect these amendments to have a material effect on its financial statements. In January 2016, the FASB amended the Financial Instruments topic of the ASC to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In February 2016, the FASB amended the Leases topic of the Accounting Standards Codification to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In March 2016, the FASB issued guidance to simplify several aspects of the accounting for share-based payment award transactions including the income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. Additionally, the guidance simplifies two areas specific to entities other than public business entities allowing them to apply a practical expedient to estimate the expected term for all awards with performance or service conditions that have certain characteristics and also allowing them to make a one-time election to switch from measuring all liability-classified awards at fair value to measuring them at intrinsic value. The amendments will be effective for the Company for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company does not expect these amendments to have a material effect on its financial statements. In June 2016, the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019. Early adoption is permitted for all organizations for periods beginning after December 15, 2018. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In November 2016, the FASB amended the Statement of Cash Flows topic of the Accounting Standards Codification to clarify how restricted cash is presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a significant impact on the Company’s financial position, results of operations and cash flows.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2016
Investment Securities [Abstract]
Investment Securities	NOTE 2 – Investment Securities The amortized costs and fair value of investment securities are as follows: December 31, 2016 Amortized Gross Unrealized Fair (dollars in thousands) Cost Gains Losses Value Available for sale US government agencies $ 6,271 1 113 6,159 SBA securities 1,453 - 16 1,437 State and political subdivisions 20,625 141 292 20,474 Mortgage-backed securities FHLMC 10,922 - 185 10,737 FNMA 24,827 19 277 24,569 GNMA 1,146 2 44 1,104 Total mortgage-backed securities 36,895 21 506 36,410 Total $ 65,244 163 927 64,480 December 31, 2015 Amortized Gross Unrealized Fair Cost Gains Losses Value Available for sale US government agencies $ 14,711 1 113 14,599 SBA securities 6,410 - 133 6,277 State and political subdivisions 21,771 525 37 22,259 Mortgage-backed securities FHLMC 12,983 4 148 12,839 FNMA 34,008 181 292 33,897 GNMA 62 6 - 68 Total mortgage-backed securities 47,053 191 440 46,804 Total $ 89,945 717 723 89,939 During 2016, approximately $33.5 million of investment securities were either sold or called, subsequently resulting in a gain on sale of investment securities of $431,000. In comparison, the Company sold $10.1 million of its mortgage-backed securities and state and municipal obligations during 2015, recording a gain on sale of investment securities of $295,000, and reinvested $4.3 million from the sale proceeds the second quarter of 2015. The amortized costs and fair values of investment securities available for sale at December 31, 2016 and 2015, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers have the right to prepay the obligations. December 31, 2016 2015 (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Available for sale Due within one year $ - - - - Due after one through five years 3,303 3,268 4,638 4,613 Due after five through ten years 26,234 25,976 30,605 30,784 Due after ten years 35,707 35,236 54,702 54,542 $ 65,244 64,480 89,945 89,939 The tables below summarize gross unrealized losses on investment securities and the fair market value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2016 and 2015. Less than 12 months 12 months or longer Total (dollars in thousands) # Fair value Unrealized losses # Fair value Unrealized losses # Fair value Unrealized losses As of December 31, 2016 Available for sale US government agencies 5 $ 5,144 $ 113 - $ - $ - 5 $ 5,144 $ 113 SBA securities 1 1,437 16 - - - 1 1,437 16 State and political subdivisions 32 13,936 292 - - - 32 13,936 292 Mortgage-backed FHLMC 10 10,737 185 - - - 10 10,737 185 FNMA 14 15,478 247 2 3,991 30 16 19,469 277 GNMA 1 1,077 44 - - - 1 1,077 44 63 $ 47,809 $ 897 2 $ 3,991 $ 30 65 $ 51,800 $ 927 Less than 12 months 12 months or longer Total (dollars in thousands) # Fair value Unrealized losses # Fair value Unrealized losses # Fair value Unrealized losses As of December 31, 2015 Available for sale US government agencies 9 $ 12,853 $ 113 - $ - $ - 9 $ 12,853 $ 113 SBA securities - - - 2 4,691 133 2 4,691 133 State and political subdivisions 7 3,125 17 3 1,220 20 10 4,345 37 Mortgage-backed FHLMC 9 12,160 148 - - - 9 12,160 148 FNMA 18 28,708 292 - - - 18 28,708 292 43 $ 56,846 $ 570 5 $ 5,911 $ 153 48 $ 62,757 $ 723 At December 31, 2016, the Company had 63 individual investments with a fair market value of $47.8 million that were in an unrealized loss position for less than 12 months and 2 individual investments with a fair market value of $4.0 million that were in an unrealized loss position for 12 months or longer. The unrealized losses were primarily attributable to changes in interest rates, rather than deterioration in credit quality. The individual securities are each investment grade securities. The Company considers the length of time and extent to which the fair value of available-for-sale debt securities have been less than cost to conclude that such securities were not other-than-temporarily impaired. We also consider other factors such as the financial condition of the issuer including credit ratings and specific events affecting the operations of the issuer, volatility of the security, underlying assets that collateralize the debt security, and other industry and macroeconomic conditions. As the Company has no intent to sell securities with unrealized losses and it is not more-likely-than-not that the Company will be required to sell these securities before recovery of amortized cost, we have concluded that the securities are not impaired on an other-than-temporary basis. Other investments are comprised of the following and are recorded at cost which approximates fair value: December 31, (dollars in thousands) 2016 2015 Federal Home Loan Bank stock $ 5,173 5,005 Other investments 166 124 Investment in Trust Preferred subsidiaries 403 403 $ 5,742 5,532 The Company has evaluated the FHLB stock for impairment and determined that the investment in FHLB stock is not other than temporarily impaired as of December 31, 2016 and ultimate recoverability of the par value of this investment is probable. All of the FHLB stock is used to collateralize advances with the FHLB. At December 31, 2016, $21.0 million of securities were pledged as collateral for repurchase agreements from brokers, and approximately $21.1 million was pledged to secure client deposits. At December 31, 2015, $21.3 million of securities were pledged as collateral for repurchase agreements from brokers. In addition, approximately $11.1 million was pledged to secure client deposits.

Mortgage Loans Held for Sale

Mortgage Loans Held for Sale	12 Months Ended
	Dec. 31, 2016
Mortgage Loans Held for Sale [Abstract]
Mortgage Loans Held for Sale	NOTE 3 – Mortgage Loans Held for Sale Mortgage loans originated and intended for sale in the secondary market are reported as loans held for sale and carried at fair value under the fair value option, which was adopted by the Company on April 1, 2016, with changes in fair value recognized in current period earnings. Loans held for sale include mortgage loans which are saleable into the secondary mortgage markets and their fair values are estimated using observable quoted market or contracted prices or market price equivalents, which would be used by other market participants. At the date of funding of the mortgage loan held for sale, the funded amount of the loan, the related derivative asset or liability of the associated interest rate lock commitment, less direct loan costs becomes the initial recorded investment in the loan held for sale. Such amount approximates the fair value of the loan. At December 31, 2016, mortgage loans held for sale totaled $7.8 million compared to $4.9 million at December 31, 2015. Mortgage loans held for sale are considered de-recognized, or sold, when the Company surrenders control over the financial assets. Control is considered to have been surrendered when the transferred assets have been isolated from the Company, beyond the reach of the Company and its creditors; the purchaser obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and the Company does not maintain effective control over the transferred assets through an agreement that both entitles and obligates the Company to repurchase or redeem the transferred assets before their maturity or the ability to unilaterally cause the holder to return specific assets. Gains and losses from the sale of mortgage loans are recognized based upon the difference between the sales proceeds and carrying value of the related loans upon sale and are recorded in mortgage banking income in the statement of income. Mortgage banking income also includes the unrealized gains and losses associated with the loans held for sale and the realized and unrealized gains and losses from derivatives. Mortgage loans sold to investors by the Company, and which were believed to have met investor and agency underwriting guidelines at the time of sale, may be subject to repurchase or indemnification in the event of specific default by the borrower or subsequent discovery that underwriting standards were not met. The Company may, upon mutual agreement, agree to repurchase the loans or indemnify the investor against future losses on such loans. In such cases, the Company bears any subsequent credit loss on the loans.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2016
Loans and Allowance for Loan Losses [Abstract]
Loans and Allowance for Loan Losses	NOTE 4 – Loans and Allowance for Loan Losses The Company makes loans to individuals and small businesses for various personal and commercial purposes primarily in the Upstate, Midlands, and Lowcountry regions of South Carolina. The Company’s loan portfolio is not concentrated in loans to any single borrower or a relatively small number of borrowers. The Company focuses its lending activities primarily on the professional markets in Greenville, Columbia, and Charleston including doctors, dentists, and small business owners. The principal component of the loan portfolio is loans secured by real estate mortgages which account for 81.1% of total loans at December 31, 2016. Commercial loans comprise 59.2% of total real estate loans and consumer loans account for 40.8%. Commercial real estate loans are further categorized into owner occupied which represents 24.6% of total loans and non-owner occupied loans represent 20.6%. Commercial construction loans represent only 2.9% of the total loan portfolio. In addition to monitoring potential concentrations of loans to particular borrowers or groups of borrowers, industries and geographic regions, management monitors exposure to credit risk from concentrations of lending products and practices such as loans that subject borrowers to substantial payment increases (e.g. principal deferral periods, loans with initial interest-only periods, etc.), and loans with high loan-to-value ratios. As of December 31, 2016, approximately $105.3 million, or 9.1% of our loans had loan-to-value ratios which exceeded regulatory supervisory limits, of which 93 loans totaling approximately $36.6 million had loan-to-value ratios of 100% or more. Additionally, there are industry practices that could subject the Company to increased credit risk should economic conditions change over the course of a loan’s life. For example, the Company makes variable rate loans and fixed rate principal-amortizing loans with maturities prior to the loan being fully paid (i.e. balloon payment loans). The various types of loans are individually underwritten and monitored to manage the associated risks. The allowance for loan losses is management's estimate of credit losses inherent in the loan portfolio at the balance sheet date. We have an established process to determine the adequacy of the allowance for loan losses that assesses the losses inherent in our portfolio. While we attribute portions of the allowance to specific portfolio segments, the entire allowance is available to absorb credit losses inherent in the total loan portfolio. Our process involves procedures to appropriately consider the unique risk characteristics of our commercial and consumer loan portfolio segments. For each portfolio segment, impairment is measured individually for each impaired loan. Our allowance levels are influenced by loan volume, loan grade or delinquency status, historic loss experience and other economic conditions. Portfolio Segment Methodology Commercial Commercial loans are assessed for estimated losses by grading each loan using various risk factors identified through periodic reviews. The Company applies historic grade-specific loss factors to each loan class. In the development of statistically derived loan grade loss factors, the Company observes historical losses over 20 quarters for each loan grade. These loss estimates are adjusted as appropriate based on additional analysis of external loss data or other risks identified from current economic conditions and credit quality trends. The allowance also includes an amount for the estimated impairment on nonaccrual commercial loans and commercial loans modified in a TDR, whether on accrual or nonaccrual status. Consumer For consumer loans, the Company determines the allowance on a collective basis utilizing historical losses over 20 quarters to represent its best estimate of inherent loss. The Company pools loans, generally by loan class with similar risk characteristics. The allowance also includes an amount for the estimated impairment on nonaccrual consumer loans and consumer loans modified in a TDR, whether on accrual or nonaccrual status. During the third quarter of 2015, the Company began using 20 quarters to measure commercial and consumer historical losses rather than a 12 quarter period as used in the past. The Company believes that the longer period used to determine historical losses for both its commercial and consumer loans captures a longer economic cycle, including periods of economic uncertainty which are unlike those the Company has experienced in the past three years. The Company also believes that using 20 quarters to measure historical losses is more indicative of the expected losses and risks inherent in the portfolio. The following table summarizes the composition of our loan portfolio. Total gross loans are recorded net of deferred loan fees and costs, which totaled $2.0 million and $1.7 million as of December 31, 2016 and December 31, 2015, respectively. December 31, (dollars in thousands) 2016 2015 Commercial Owner occupied RE $ 285,938 24.6% 236,083 23.5% Non-owner occupied RE 239,574 20.6% 205,604 20.5% Construction 33,393 2.9% 41,751 4.1% Business 202,552 17.4% 171,743 17.1% Total commercial loans 761,457 65.5% 655,181 65.2% Consumer Residential 215,588 18.5% 174,802 17.4% Home equity 137,105 11.8% 116,563 11.6% Construction 31,922 2.7% 43,318 4.3% Other 17,572 1.5% 15,080 1.5% Total consumer loans 402,187 34.5% 349,763 34.8% Total gross loans, net of deferred fees 1,163,644 100.0% 1,004,944 100.0% Less – allowance for loan losses (14,855) (13,629) Total loans, net $ 1,148,789 991,315 The composition of gross loans by rate type is as follows: December 31, (dollars in thousands) 2016 2015 Variable rate loans $ 290,462 254,749 Fixed rate loans 873,182 750,195 $ 1,163,644 1,004,944 At December 31, 2016, approximately $396.0 million of the Company’s mortgage loans were pledged as collateral for advances from the FHLB, as set forth in Note 9. Credit Quality Indicators Commercial We manage a consistent process for assessing commercial loan credit quality by monitoring our loan grading trends and past due statistics. All loans are subject to individual risk assessment. Our risk categories include Pass, Special Mention, Substandard, and Doubtful, each of which is defined by banking regulatory agencies. Delinquency statistics are also an important indicator of credit quality in the establishment of our allowance for credit losses. We categorize our loans into risk categories based on relevant information about the ability of the borrower to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. A description of the general characteristics of the risk grades is as follows: · Pass—These loans range from minimal credit risk to average however still acceptable credit risk. · Special mention—A special mention loan has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the institution’s credit position at some future date. · Substandard—A substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness, or weaknesses, that may jeopardize the liquidation of the debt. A substandard loan is characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. · Doubtful—A doubtful loan has all of the weaknesses inherent in one classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of the currently existing facts, conditions and values, highly questionable and improbable. The following tables provide past due information for outstanding commercial loans and include loans on nonaccrual status. December 31, 2016 Owner Non-owner (dollars in thousands) occupied RE occupied RE Construction Business Total Current $ 284,700 238,346 33,393 200,624 757,063 30-59 days past due 981 - - 1,423 2,404 60-89 days past due 257 56 - - 313 Greater than 90 days - 1,172 - 505 1,677 $ 285,938 239,574 33,393 202,552 761,457 December 31, 2015 Owner Non-owner occupied RE occupied RE Construction Business Total Current $ 235,795 201,381 41,354 170,644 649,174 30-59 days past due - - - 205 205 60-89 days past due 43 1,452 - 18 1,513 Greater than 90 days 245 2,771 397 876 4,289 $ 236,083 205,604 41,751 171,743 655,181 As of December 31, 2016 and 2015, loans 30 days or more past due represented 0.55% and 0.66% of our total loan portfolio, respectively. Commercial loans 30 days or more past due were 0.38% and 0.60% as of December 31, 2016 and 2015, respectively. The tables below provide a breakdown of outstanding commercial loans by risk category. December 31, 2016 Owner Non-owner (dollars in thousands) occupied RE occupied RE Construction Business Total Pass $ 282,055 234,957 33,393 193,517 743,922 Special Mention 1,097 975 - 2,489 4,561 Substandard 2,786 3,642 - 6,546 12,974 Doubtful - - - - - $ 285,938 239,574 33,393 202,552 761,457 December 31, 2015 Owner Non-owner occupied RE occupied RE Construction Business Total Pass $ 230,460 198,144 39,678 161,920 630,202 Special Mention 3,887 1,574 286 5,511 11,258 Substandard 1,736 5,886 1,787 4,312 13,721 Doubtful - - - - - $ 236,083 205,604 41,751 171,743 655,181 Consumer We manage a consistent process for assessing consumer loan credit quality by monitoring our loan grading trends and past due statistics. All loans are subject to individual risk assessment. Our risk categories include Pass, Special Mention, Substandard, and Doubtful, which are defined above. Delinquency statistics are also an important indicator of credit quality in the establishment of our allowance for loan losses. The following tables provide past due information for outstanding consumer loans and include loans on nonaccrual status. December 31, 2016 (dollars in thousands) Real estate Home equity Construction Other Total Current $ 214,228 136,638 31,922 17,427 400,215 30-59 days past due 1,041 210 - 126 1,377 60-89 days past due 282 - - 6 288 Greater than 90 days 37 257 - 13 307 $ 215,588 137,105 31,922 17,572 402,187 December 31, 2015 Real estate Home equity Construction Other Total Current $ 174,576 116,305 43,258 14,994 349,133 30-59 days past due 187 - 60 86 333 60-89 days past due 39 - - - 39 Greater than 90 days - 258 - - 258 $ 174,802 116,563 43,318 15,080 349,763 Consumer loans 30 days or more past due were 0.17% and 0.06% as of December 31, 2016 and 2015, respectively. The tables below provide a breakdown of outstanding consumer loans by risk category. December 31, 2016 (dollars in thousands) Real estate Home equity Construction Other Total Pass $ 211,563 134,124 31,922 17,485 395,094 Special Mention 1,064 2,109 - 16 3,189 Substandard 2,961 872 - 71 3,904 Doubtful - - - - - Loss - - - - - $ 215,588 137,105 31,922 17,572 402,187 December 31, 2015 Real estate Home equity Construction Other Total Pass $ 172,589 112,080 42,319 14,967 341,955 Special Mention 961 3,388 - 45 4,394 Substandard 1,252 1,095 999 68 3,414 Doubtful - - - - - Loss - - - - - $ 174,802 116,563 43,318 15,080 349,763 Nonperforming assets The following table shows the nonperforming assets and the related percentage of nonperforming assets to total assets and gross loans. Generally, a loan is placed on nonaccrual status when it becomes 90 days past due as to principal or interest, or when we believe, after considering economic and business conditions and collection efforts, that the borrower’s financial condition is such that collection of the contractual principal or interest on the loan is doubtful. A payment of interest on a loan that is classified as nonaccrual is recognized as a reduction in principal when received. December 31, (dollars in thousands) 2016 2015 Commercial Owner occupied RE $ 276 704 Non-owner occupied RE 2,711 4,170 Construction - - Business 686 779 Consumer Real estate 550 - Home equity 256 258 Construction - - Other 13 5 Nonaccruing troubled debt restructurings 990 701 Total nonaccrual loans, including nonaccruing TDRs 5,482 6,617 Other real estate owned 639 2,475 Total nonperforming assets $ 6,121 9,092 Nonperforming assets as a percentage of: Total assets 0.46% 0.75% Gross loans 0.53% 0.90% Total loans over 90 days past due $ 1,984 4,547 Loans over 90 days past due and still accruing - - Accruing TDRs 5,675 7,266 Foregone interest income on the nonaccrual loans for the year ended December 31, 2016 was approximately $439,000 and approximately $644,000 for the same period in 2015. Impaired Loans The table below summarizes key information for impaired loans. Our impaired loans include loans on nonaccrual status and loans modified in a TDR, whether on accrual or nonaccrual status. These impaired loans may have estimated impairment which is included in the allowance for loan losses. Our commercial and consumer impaired loans are evaluated individually to determine the related allowance for loan losses. December 31, 2016 Recorded investment Impaired loans Unpaid with related Related Principal Impaired allowance for allowance for (dollars in thousands) Balance loans loan losses loan losses Commercial Owner occupied RE $ 2,284 2,243 2,224 263 Non-owner occupied RE 7,238 4,031 1,638 457 Construction - - - - Business 3,699 2,593 1,610 1,154 Total commercial 13,221 8,867 5,472 1,874 Consumer Real estate 1,853 1,843 1,843 682 Home equity 207 257 - - Construction - - - - Other 261 190 177 88 Total consumer 2,321 2,290 2,020 770 Total $ 15,542 11,157 7,492 2,644 December 31, 2015 Recorded investment Impaired loans Unpaid with related Related Principal Impaired allowance for allowance for Balance loans loan losses loan losses Commercial Owner occupied RE $ 964 863 863 260 Non-owner occupied RE 9,144 5,792 4,161 1,321 Construction 1,855 1,787 397 31 Business 4,756 3,861 2,936 1,932 Total commercial 16,719 12,303 8,357 3,544 Consumer Real estate 1,121 1,121 805 489 Home equity 260 258 - - Construction - - - - Other 201 201 201 191 Total consumer 1,582 1,580 1,006 680 Total $ 18,301 13,883 9,363 4,224 The following table provides the average recorded investment in impaired loans and the amount of interest income recognized on impaired loans after impairment by portfolio segment and class. Year ended December 31, 2016 2015 2014 Average Recognized Average Recognized Average Recognized recorded interest recorded interest recorded interest (dollars in thousands) investment income investment income investment income Commercial Owner occupied RE $ 2,263 112 884 6 1,568 47 Non-owner occupied RE 4,106 200 6,137 128 5,693 104 Construction - - 1,888 74 1,977 75 Business 2,873 135 4,067 148 4,522 154 Total commercial 9,242 447 12,976 356 13,760 380 Consumer Real estate 1,854 81 1,112 46 2,094 53 Home equity 257 2 252 7 251 10 Construction - - - - - - Other 203 6 208 7 282 13 Total consumer 2,314 89 1,572 60 2,627 76 Total $ 11,556 536 14,548 416 16,387 456 Allowance for Loan Losses The following table summarizes the activity related to our allowance for loan losses: Year ended December 31, (dollars in thousands) 2016 2015 2014 Balance, beginning of period $ 13,629 11,752 10,213 Provision for loan losses 2,300 3,200 4,175 Loan charge-offs: Commercial Owner occupied RE (5) (48) - Non-owner occupied RE (100) (258) (2,069) Construction (42) (50) - Business (1,031) (881) (645) Total commercial (1,178) (1,237) (2,714) Consumer Real estate (194) (173) (51) Home equity (66) (93) (87) Construction - - - Other (210) (5) (35) Total consumer (470) (271) (173) Total loan charge-offs (1,648) (1,508) (2,887) Loan recoveries: Commercial Owner occupied RE - - - Non-owner occupied RE 155 10 2 Construction - - 127 Business 403 129 117 Total commercial 558 139 246 Consumer Real estate 10 - - Home equity 1 46 5 Construction - - - Other 5 - - Total consumer 16 46 5 Total recoveries 574 185 251 Net loan charge-offs (1,074) (1,323) (2,636) Balance, end of period $ 14,855 13,629 11,752 The following tables summarize the activity in the allowance for loan losses by our commercial and consumer portfolio segments. Year ended December 31, 2016 (dollars in thousands) Commercial Consumer Unallocated Total Balance, beginning of period $ 9,672 3,957 - 13,629 Provision 987 1,313 - 2,300 Loan charge-offs (1,178) (470) - (1,648) Loan recoveries 558 16 - 574 Net loan charge-offs (620) (454) - (1,074) Balance, end of period $ 10,039 4,816 - 14,855 Year ended December 31, 2015 Commercial Consumer Unallocated Total Balance, beginning of period $ 8,216 3,536 - 11,752 Provision 2,554 646 - 3,200 Loan charge-offs (1,237) (271) - (1,508) Loan recoveries 139 46 - 185 Net loan charge-offs (1,098) (225) - (1,323) Balance, end of period $ 9,672 3,957 - 13,629 The following table disaggregates our allowance for loan losses and recorded investment in loans by method of impairment evaluation. December 31, 2016 Allowance for loan losses Recorded investment in loans (dollars in thousands) Commercial Consumer Total Commercial Consumer Total Individually evaluated $ 1,874 770 2,644 8,867 2,290 11,157 Collectively evaluated 8,165 4,046 12,211 752,590 399,897 1,152,487 Total $ 10,039 4,816 14,855 761,457 402,187 1,163,644 December 31, 2015 Allowance for loan losses Recorded investment in loans Commercial Consumer Total Commercial Consumer Total Individually evaluated $ 3,544 680 4,224 12,303 1,580 13,883 Collectively evaluated 6,128 3,277 9,405 642,878 348,183 991,061 Total $ 9,672 3,957 13,629 655,181 349,763 1,004,944

Troubled Debt Restructurings

Troubled Debt Restructurings	12 Months Ended
	Dec. 31, 2016
Troubled Debt Restructurings [Abstract]
Troubled Debt Restructurings	NOTE 5 – Troubled Debt Restructurings At December 31, 2016, we had 17 loans totaling $6.7 million and at December 31, 2015 we had 29 loans totaling $8.0 million, which we considered as TDRs. The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company grants a concession to the debtor that it would not normally consider. Concessions can relate to the contractual interest rate, maturity date, or payment structure of the note. As part of our workout plan for individual loan relationships, we may restructure loan terms to assist borrowers facing challenges in the current economic environment. During 2016, we have added one commercial and one consumer loan totaling $629,000 as TDRs and removed 14 loans from TDR status due to pay-offs or in accordance with our nonperforming loans and TDR policies. To date, we have restored three nonaccrual commercial loans previously classified as TDRs to accrual status. The following table summarizes the concession at the time of modification and the recorded investment in our TDRs before and after their modification. For the year ended December 31, 2016 Pre- modification Post- modification Renewals Reduced Converted Maturity Total outstanding outstanding deemed a or deferred to interest date number recorded recorded (dollars in thousands) concession payments only extensions of loans investment Investment Commercial Owner occupied RE 1 - - - 1 $ 477 $ 478 Consumer RE 1 - - - 1 188 188 Total loans 2 - - - 2 $ 665 $ 666 For the year ended December 31, 2015 Pre- modification Post- modification Renewals Reduced Converted Maturity Total outstanding outstanding deemed a or deferred to interest date number recorded recorded (dollars in thousands) concession payments only extensions of loans investment Investment Commercial Non-owner occupied RE 1 - - 1 2 $ 112 $ 112 Business 2 - - - 2 420 420 Total loans 3 - - 1 4 $ 532 $ 532 As of December 31, 2016 there were no loans modified as TDRs for which there was a payment default (60 days past due) within 12 months of the restructuring date. As of December 31, 2015, there were no loans modified as TDRs for which there was a payment default (60 days past due) within 12 months of the restructuring date.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2016
Property and Equipment [Abstract]
Property and Equipment	NOTE 6 – 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) 2016 2015 Land $ 6,827 6,827 Buildings 14,833 14,667 Leasehold Improvements 2,020 2,009 Furniture and equipment 7,410 7,033 Software 421 388 Construction in process 6,225 1,422 37,736 32,346 Accumulated depreciation (9,374) (8,161) Total property and equipment $ 28,362 24,185 Construction in process at December 31, 2016 and 2015 includes costs associated with the construction of a new regional office in Charleston, South Carolina office with estimated total costs of $8.0 million. Depreciation and amortization expense for the years ended December 31, 2016 and 2015 was $1.3 million and $1.2 million for the year ended December 31, 2014. Depreciation is 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

Other Real Estate Owned

Other Real Estate Owned	12 Months Ended
	Dec. 31, 2016
Other Real Estate Owned [Abstract]
Other Real Estate Owned	NOTE 7 – Other Real Estate Owned Other real estate owned is comprised of real estate acquired in settlement of loans and is included in other assets on the balance sheet. At December 31, 2016, other real estate owned included eight properties totaling $639,000, compared to ten properties totaling $2.5 million at December 31, 2015. The following summarizes the activity in the real estate acquired in settlement of loans portion of other real estate owned: For the year ended December 31, (dollars in thousands) 2016 2015 Balance, beginning of year $ 2,475 3,307 Additions 245 473 Sales (1,615) (368) Write-downs, net (466) (937) Balance, end of year $ 639 2,475

Deposits

Deposits	12 Months Ended
	Dec. 31, 2016
Deposit [Abstract]
Deposits	NOTE 8 – Deposits The following is a detail of the deposit accounts: December 31, (dollars in thousands) 2016 2015 Noninterest bearing $ 235,538 189,686 Interest bearing: NOW accounts 234,949 194,835 Money market accounts 345,117 311,167 Savings 14,942 10,806 Time, less than $100,000 48,638 60,153 Time, $100,000 and over 211,967 219,086 Total deposits $1,091,151 985,733 At December 31, 2016 and 2015, time deposits greater than $250,000 were $153.7 million and $145.5 million, respectively. Also, at December 31, 2016 and 2015, the Company had approximately $59.1 million and $58.9 million, respectively, of time deposits that were obtained outside of the Company’s primary market. Interest expense on time deposits greater than $100,000 was $1.8 million for the year ended December 31, 2016, $1.7 million for the year ended December 31, 2015, and $1.5 million for the year ended December 31, 2014. At December 31, 2016 the scheduled maturities of certificates of deposit are as follows: (dollars in thousands) 2017 $ 183,071 2018 59,330 2019 13,697 2020 4,134 2021 and after 373 $ 260,605

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	12 Months Ended
	Dec. 31, 2016
Federal Home Loan Bank Advances and Other Borrowings [Abstract]
Federal Home Loan Bank Advances and Other Borrowings	NOTE 9 – Federal Home Loan Bank Advances and Other Borrowings At December 31, 2016 and 2015, the Company had $115.2 million in FHLB advances and other borrowings. Of the $115.2 million outstanding at December 31, 2016 and 2015, FHLB advances represented $96.0 million and securities sold under structured agreements to repurchase represented $19.2 million. The FHLB advances are secured with approximately $396.0 million of mortgage loans and $5.2 million of stock in the FHLB. Listed below is a summary of the terms and maturities of the advances outstanding at December 31, 2016 and 2015. As of December 31, 2016, $31.5 million, or 32.8%, of the Company’s advances were at fixed rates, while $64.5 million, or 67.2%, were at floating rates. In addition, a number of the advances are callable and subject to repricing during 2017 at the option of the FHLB. December 31, (dollars in thousands) 2016 2015 Maturity Amount Rate Amount Rate February 13, 2017 $ 7,500 4.38% $ 7,500 4.38% April 18, 2017 7,000 2.73% 7,000 2.17% April 18, 2017 7,500 2.91% 7,500 2.34% April 19, 2017 20,000 2.16% 20,000 1.60% April 19, 2017 10,000 2.54% 10,000 1.98% July 11, 2017 9,000 4.49% 9,000 4.49% July 24, 2017 5,000 4.25% 5,000 4.25% January 30, 2018 5,000 3.57% 5,000 3.00% February 15, 2019 10,000 4.47% 10,000 4.47% October 10, 2019 15,000 4.06% 15,000 3.51% $ 96,000 3.41% $ 96,000 3.03% At December 31, 2016 and 2015, the Company had four structured debt agreements secured by approximately $21.0 million and $21.3 million, respectively, of various investment securities. While these agreements are at fixed rates, they each have callable features and are subject to repricing at the option of the seller. Listed below is a summary of the terms and maturities of these structured agreements to repurchase: (dollars in thousands) Maturity Amount Rate September 18, 2017 $ 10,000 3.63% December 17, 2017 2,000 3.65% March 14, 2018 3,600 2.75% September 15, 2018 3,600 2.55% $ 19,200 3.26% The Company also has an unsecured, interest only line of credit for $10 million with another financial institution which was unused at December 31, 2016. The line of credit bears interest at LIBOR plus 2.90% with a floor of 3.25% and a ceiling of 5.15%. The line of credit matures on June 6, 2017. The loan agreement contains various financial covenants related to capital, earnings and asset quality.

Junior Subordinated Debentures

Junior Subordinated Debentures	12 Months Ended
	Dec. 31, 2016
Junior Subordinated Debentures [Abstract]
Junior Subordinated Debentures	NOTE 10 – Junior Subordinated Debentures On June 26, 2003, Greenville First Statutory Trust I, (a non-consolidated subsidiary) issued $6.0 million floating rate trust preferred securities with a maturity of June 26, 2033. At December 31, 2016, the interest rate was 4.10% and is indexed to the 3-month LIBOR rate and adjusted quarterly. The Company received from the Trust the $6.0 million proceeds from the issuance of the securities and the $186,000 initial proceeds from the capital investment in the Trust, and accordingly has shown the funds due to the Trust as $6.2 million junior subordinated debentures. On December 22, 2005, Greenville First Statutory Trust II, (a non-consolidated subsidiary) issued $7.0 million floating rate trust preferred securities with a maturity of December 22, 2035. At December 31, 2016, the interest rate was 2.44% and is indexed to the 3-month LIBOR rate and adjusted quarterly. The Company received from the Trust the $7.0 million proceeds from the issuance of the securities and the $217,000 initial proceeds from the capital investment in the Trust, and accordingly has shown the funds due to the Trust as $7.2 million junior subordinated debentures. The current regulatory rules allow certain amounts of junior subordinated debentures to be included in the calculation of regulatory capital. However, provisions within the Dodd-Frank Act prohibit institutions that had more than $15 billion in assets on December 31, 2009 from including trust preferred securities as Tier 1 capital beginning in 2013, with one-third phased out over the two years ending in 2015. Financial institutions with less than $15 billion in total assets, such as the Bank, may continue to include their trust preferred securities issued prior to May 19, 2010 in Tier 1 capital, but cannot include in Tier 1 capital trust preferred securities issued after such date.

Unused Lines of Credit

Unused Lines of Credit	12 Months Ended
	Dec. 31, 2016
Unused Lines of Credit [Abstract]
Unused Lines of Credit	NOTE 11 – Unused Lines of Credit At December 31, 2016, the Company had three lines of credit to purchase federal funds that totaled $45.0 million which were unused at December 31, 2016. The lines of credit are available on a one to 14 day basis for general corporate purposes of the Company. The lender has reserved the right to withdraw the line at their option. The Company has an additional line of credit with the FHLB to borrow funds, subject to a pledge of qualified collateral. The Company has collateral that would support approximately $160.1 million in additional borrowings at December 31, 2016.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2016
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	NOTE 12 – Derivative Financial Instruments The Company utilizes derivative financial instruments primarily to hedge its exposure to changes in interest rates. All derivative financial instruments are recognized as either assets or liabilities and measured at fair value. The Company accounts for all of its derivatives as free-standing derivatives and does not designate any of these instruments for hedge accounting. Therefore, the gain or loss resulting from the change in the fair value of the derivative is recognized in the Company’s statement of income during the period of change. The Company enters into commitments to originate residential mortgage loans held for sale, at specified interest rates and within a specified period of time, with clients who have applied for a loan and meet certain credit and underwriting criteria (interest rate lock commitments). These interest rate lock commitments (“IRLCs”) meet the definition of a derivative financial instrument and are reflected in the balance sheet at fair value with changes in fair value recognized in current period earnings. Unrealized gains and losses on the IRLCs are recorded as derivative assets and derivative liabilities, respectively, and are measured based on the value of the underlying mortgage loan, quoted mortgage-backed securities (“MBS”) prices and an estimate of the probability that the mortgage loan will fund within the terms of the interest rate lock commitment, net of estimated commission expenses. The Company manages the interest rate and price risk associated with its outstanding IRLCs and mortgage loans held for sale by entering into derivative instruments such as forward sales of MBS. Management expects these derivatives will experience changes in fair value opposite to changes in fair value of the IRLCs and mortgage loans held for sale, thereby reducing earnings volatility. The Company takes into account various factors and strategies in determining the portion of the mortgage pipeline (IRLCs and mortgage loans held for sale) it wants to economically hedge. The following table summarizes the Company’s outstanding financial derivative instruments as of December 31, 2016. Derivative financial instruments were not material at December 31, 2015. Fair Value (dollars in thousands) Notional Balance Sheet Location Asset/(Liability) Mortgage loan interest rate lock commitments $ 17,986 Other assets $ 256 MBS forward sales commitments 14,250 Other assets (3) Total derivative financial instruments $ 32,236 $ 253

Fair Value Accounting

Fair Value Accounting	12 Months Ended
	Dec. 31, 2016
Fair Value Accounting [Abstract]
Fair Value Accounting	NOTE 13 – Fair Value Accounting FASB ASC 820, “Fair Value Measurement and Disclosures Topic,” defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 – Quoted market price in active markets Quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include certain debt and equity securities that are traded in an active exchange market. Level 2 – Significant other observable inputs Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include fixed income securities and mortgage-backed securities that are held in the Company’s available-for-sale portfolio and valued by a third-party pricing service, as well as certain impaired loans. Level 3 – Significant unobservable inputs Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. These methodologies may result in a significant portion of the fair value being derived from unobservable data. Following is a description of valuation methodologies used for assets recorded at fair value. Investment Securities Securities available for sale are valued on a recurring basis at quoted market prices where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable securities. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange or U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities and debentures issued by government sponsored entities, municipal bonds and corporate debt securities. In certain cases where there is limited activity or less transparency around inputs to valuations, securities are classified as Level 3 within the valuation hierarchy. Securities held to maturity are valued at quoted market prices or dealer quotes similar to securities available for sale. The carrying value of Other Investments, such as Federal Reserve Bank and FHLB stock, approximates fair value based on their redemption provisions. Mortgage Loans Held for Sale Loans held for sale include mortgage loans which are saleable into the secondary mortgage markets and their fair values are estimated using observable quoted market or contracted prices or market price equivalents, which would be used by other market participants. These saleable loans are considered Level 2. Loans The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan may be considered impaired and an allowance for loan losses may be established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures the impairment in accordance with FASB ASC 310, “Receivables.” The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. In accordance with FASB ASC 820, “Fair Value Measurement and Disclosures,” impaired loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company considers the impaired loan as nonrecurring Level 2. The Company’s current loan and appraisal policies require the Company to obtain updated appraisals on an “as is” basis at renewal, or in the case of an impaired loan, on an annual basis, either through a new external appraisal or an appraisal evaluation. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company considers the impaired loan as nonrecurring Level 3. The fair value of impaired loans may also be estimated using the present value of expected future cash flows to be realized on the loan, which is also considered a Level 3 valuation. These fair value estimates are subject to fluctuations in assumptions about the amount and timing of expected cash flows as well as the choice of discount rate used in the present value calculation. Other Real Estate Owned OREO, consisting of properties obtained through foreclosure or in satisfaction of loans, is reported at the lower of cost or fair value, determined on the basis of current appraisals, comparable sales, and other estimates of value obtained principally from independent sources, adjusted for estimated selling costs (Level 2). At the time of foreclosure, any excess of the loan balance over the fair value of the real estate held as collateral is treated as a charge against the allowance for loan losses. Gains or losses on sale and generally any subsequent adjustments to the value are recorded as a component of real estate owned activity. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company considers the OREO as nonrecurring Level 3. Derivative Financial Instruments The Company estimates the fair value of IRLCs based on the value of the underlying mortgage loan, quoted MBS prices and an estimate of the probability that the mortgage loan will fund within the terms of the IRLC, net of commission expenses (Level 2). The Company estimates the fair value of forward sales commitments based on quoted MBS prices (Level 2). Assets and Liabilities Recorded at Fair Value on a Recurring Basis The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis. December 31, 2016 (dollars in thousands) Level 1 Level 2 Level 3 Total Assets Securities available for sale: US government agencies $ - 6,159 - 6,159 SBA securities - 1,437 - 1,437 State and political subdivisions - 20,474 - 20,474 Mortgage-backed securities - 36,410 - 36,410 Mortgage loans held for sale - 7,801 - 7,801 Interest rate lock commitments - 256 - 256 Total assets measured at fair value on a recurring basis $ - 72,537 - 72,537 Liabilities MBS forward sales commitments $ - 3 - 3 Total liabilities measured at fair value on a recurring basis $ - 3 - 3 December 31, 2015 Level 1 Level 2 Level 3 Total Assets Securities available for sale: US government agencies $ - 14,599 - 14,599 SBA securities - 6,277 - 6,277 State and political subdivisions - 22,259 - 22,259 Mortgage-backed securities - 46,804 - 46,804 Total assets measured at fair value on a recurring basis $ - 89,939 - 89,939 The Company has no liabilities carried at fair value or measured at fair value on a recurring basis as of December 31, 2015. Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis The Company is predominantly an asset based lender with real estate serving as collateral on more than 80% of loans as of December 31, 2016. Loans which are deemed to be impaired are valued net of the allowance for loan losses, and other real estate owned is valued at the lower of cost or net realizable value of the underlying real estate collateral. Such market values are generally obtained using independent appraisals, which the Company considers to be level 2 inputs. The tables below present the recorded amount of assets and liabilities measured at fair value on a nonrecurring basis. December 31, 2016 Level 1 Level 2 Level 3 Total Assets Impaired loans $ - 4,075 4,438 8,513 Other real estate owned - 526 113 639 Total assets measured at fair value on a nonrecurring basis $ - 4,601 4,551 9,152 December 31, 2015 Level 1 Level 2 Level 3 Total Assets Impaired loans $ - 9,102 557 9,659 Other real estate owned - 2,208 267 2,475 Total assets measured at fair value on a nonrecurring basis $ - 11,310 824 12,134 The Company had no liabilities carried at fair value or measured at fair value on a nonrecurring basis. For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of December 31, 2016, the significant unobservable inputs used in the fair value measurements were as follows: Valuation Technique Significant Unobservable Inputs Range of Inputs Impaired loans Appraised Value/ Discounted Cash Flows Discounts to appraisals or cash flows for estimated holding and/or selling costs or age of appraisal 0-25% Other real estate owned Appraised Value/ Comparable Sales Discounts to appraisals for estimated holding or selling costs 0-25% Fair Value of Financial Instruments Financial instruments require disclosure of fair value information, whether or not recognized in the consolidated balance sheets, when it is practical to estimate the fair value. A financial instrument is defined as cash, evidence of an ownership interest in an entity or a contractual obligation which requires the exchange of cash. Certain items are specifically excluded from the disclosure requirements, including the Company’s common stock, premises and equipment and other assets and liabilities. The following is a description of valuation methodologies used to estimate fair value for certain other financial instruments. Fair value approximates carrying value for the following financial instruments due to the short-term nature of the instrument: cash and due from banks, federal funds sold, other investments, federal funds purchased, and securities sold under agreement to repurchase. Deposits – FHLB Advances and Other Borrowings – Junior subordinated debentures The Company has used management’s best estimate of fair value based on the above assumptions. Thus, the fair values presented may not be the amounts that could be realized in an immediate sale or settlement of the instrument. In addition, any income taxes or other expenses, which would be incurred in an actual sale or settlement, are not taken into consideration in the fair value presented. The estimated fair values of the Company’s financial instruments at December 31, 2016 and 2015 are as follows: December 31, 2016 (dollars in thousands) Carrying Fair Level 1 Level 2 Level 3 Financial Assets: Other investments, at cost $ 5,742 5,742 - - 5,742 Loans, net 1,148,789 1,149,527 - 4,075 1,145,452 Financial Liabilities: Deposits 1,091,151 1,004,923 - 1,004,923 - FHLB and other borrowings 115,200 115,825 - 115,825 - Junior subordinated debentures 13,403 12,026 - 12,026 - December 31, 2015 Carrying Fair Level 1 Level 2 Level 3 Financial Assets: Other investments, at cost $ 5,532 5,532 - - 5,532 Mortgage loans held for sale 4,943 4,943 - 4,943 - Loans, net 991,315 992,379 - 9,102 983,277 Financial Liabilities: Deposits 985,733 918,303 - 918,303 - FHLB and other borrowings 115,200 117,317 - 117,317 - Junior subordinated debentures 13,403 11,511 - 11,511 -

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Common Share [Abstract]
Earnings Per Common Share	NOTE 14 – Earnings Per Common Share The following schedule reconciles the numerators and denominators of the basic and diluted earnings per share computations for the years ended December 31, 2016, 2015 and 2014. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options and warrants that are outstanding. The assumed conversion of stock options and warrants can create a difference between basic and dilutive net income per common share. At December 31, 2016, 2015 and 2014, options totaling 108,315, 93,500, and 109,303, respectively, were anti-dilutive in the calculation of earnings per share as their exercise price exceeded the fair market value. These options were therefore excluded from the diluted earnings per share calculation. December 31, (dollars in thousands, except share data) 2016 2015 2014 Numerator: Net income $ 13,036 10,167 6,625 Less: Preferred stock dividends - - 915 Net income available to common shareholders $ 13,036 10,167 5,710 Denominator: Weighted-average common shares outstanding - basic 6,318,322 6,204,518 4,980,595 Common stock equivalents 402,566 356,221 218,781 Weighted-average common shares outstanding - diluted 6,720,888 6,560,739 5,199,376 Earnings per common share: Basic $ 2.06 1.64 1.15 Diluted $ 1.94 1.55 1.10

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Commitments and Contingencies	NOTE 15 – Commitments and Contingencies The Company has entered into a three year employment agreement with its chief executive officer and a two year employment agreement with its president and with eight executive vice presidents. These agreements also include a) an incentive program, b) a stock option plan, c) a one-year non-compete agreement upon termination and a severance payment equal to one year of compensation. The total estimated aggregate salary commitment is approximately $2.3 million. The Company has an agreement with a data processor which expires in 2023 to provide certain item processing, electronic banking, and general ledger processing services. Components of this contract vary based on transaction and account volume, including a base monthly charge of approximately $102,000 and certain termination fees. At December 31, 2016, the Company has a contract with a construction company for $8.0 million to construct a new regional office building in Charleston, South Carolina. In addition, the Company occupied land and banking office space under leases expiring on various dates through 2028. The estimated future minimum lease payments under these noncancelable operating leases are summarized as follows: (dollars in thousands) For the years ended December 31, 2017 $ 1,101 2018 1,333 2019 1,352 2020 1,377 2021 1,399 Thereafter 3,613 $ 10,175 Lease expense for the years ended December 31, 2016, 2015, and 2014, totaled $1.2 million, $954,000, and $811,000, respectively. The Company may be subject to litigation and claims in the normal course of business. As of December 31, 2016, management believes there is no material litigation pending.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Income Taxes	NOTE 16 – Income Taxes The components of income tax expense were as follows: For the years ended December 31, (dollars in thousands) 2016 2015 2014 Current income taxes: Federal $ 6,429 6,184 4,238 State 548 441 297 Total current tax expense 6,977 6,625 4,535 Deferred income tax expense (benefit) 356 (1,256) (1,422) Income tax expense $ 7,333 5,369 3,113 The following is a summary of the items that caused recorded income taxes to differ from taxes computed using the statutory tax rate: For the years ended December 31, (dollars in thousands) 2016 2015 2014 Tax expense at statutory rate $ 7,129 5,438 3,311 Effect of state income taxes, net of federal benefit 356 287 196 Exempt income (162) (151) (170) Other 10 (205) (224) Income tax expense $ 7,333 5,369 3,113 The components of the deferred tax assets and liabilities are as follows: December 31, (dollars in thousands) 2016 2015 Deferred tax assets: Allowance for loan losses $ 5,199 4,770 Unrealized loss on securities available for sale 260 2 Net deferred loan fees 691 597 Interest on nonaccrual loans - 829 Deferred compensation 1,597 1,323 Sale of real estate owned 262 531 Accrued expenses 401 166 Other 250 440 8,660 8,658 Deferred tax liabilities: Property and equipment 1,467 1,530 Other 368 205 1,835 1,735 Net deferred tax asset $ 6,825 6,923 The Company has analyzed the tax positions taken or expected to be taken in its tax returns and concluded it has no liability related to uncertain tax positions.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 17 – Related Party Transactions Certain directors, executive officers, and companies with which they are affiliated, are clients of and have banking transactions with the Company in the ordinary course of business. These loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with persons not related to the lender. A summary of loan transactions with directors, including their affiliates and executive officers is as follows: For the years ended December 31, (dollars in thousands) 2016 2015 Balance, beginning of year $ 12,868 20,390 New loans 5,103 2,189 Less loan payments (3,146) (9,711) Balance, end of year $ 14,825 12,868 Deposits by officers and directors and their related interests at December 31, 2016 and 2015, were $6.3 million and $5.1 million, respectively. The Company has a land lease with a director on the property for a branch office, with monthly payments of $5,388. In addition, the Company periodically enters into various consulting agreements with the director for development, administration and advisory services related to the purchase of property and construction of current and future branch office sites. Also, the Company contracts with the director on an annual basis to provide property management services for its four offices in the Greenville market. The Company paid the director approximately $29,000, $31,000, and $32,000 for these services during 2016, 2015, and 2014, respectively. The Company also purchases various signage for its retail offices from a local vendor for which one of the Company’s directors acted as chairman of the board. The Company paid approximately $6,000, $24,000 and $41,000 to the vendor for the years ended December 31, 2016, 2015, and 2014, respectively. The Company is of the opinion that the lease payments, consulting fees, and signage costs represent market costs that could have been obtained in similar “arms length” transactions.

Financial Instruments With Off-

Financial Instruments With Off-Balance Sheet Risk	12 Months Ended
	Dec. 31, 2016
Financial Instruments With Off-Balance Sheet Risk [Abstract]
Financial Instruments With Off-Balance Sheet Risk	NOTE 18 – Financial Instruments With Off-Balance Sheet Risk In the ordinary course of business, and to meet the financing needs of its clients, the Company is a party to various financial instruments with off-balance sheet risk. These financial instruments, which include commitments to extend credit and standby letters of credit, involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the balance sheets. The contract amount of those instruments reflects the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amounts of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Commitments to extend credit are agreements to lend to a client as long as there is no violation of any material condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. At December 31, 2016, unfunded commitments to extend credit were approximately $226.6 million, of which $57.8 million is at fixed rates and $168.8 million is at variable rates. At December 31, 2015, unfunded commitments to extend credit were approximately $194.7 million, of which $61.8 million is at fixed rates and $133.0 million is at variable rates. The Company evaluates each client’s credit-worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral varies but may include accounts receivable, inventory, property, plant and equipment, and commercial and residential real estate. At December 31, 2016 and 2015, there was a $4.4 million and $4.3 million, respectively, commitment under letters of credit. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to clients. Collateral varies but may include accounts receivable, inventory, equipment, marketable securities and property. Since most of the letters of credit are expected to expire without being drawn upon, they do not necessarily represent future cash requirements. The fair value of off balance sheet lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties credit standing. The total fair value of such instruments is not material.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 31, 2016
Employee Benefit Plan [Abstract]
Employee Benefit Plan	NOTE 19 – Employee Benefit Plan On January 1, 2000, the Company adopted the Southern First Bancshares, Inc. Profit Sharing and 401(k) Plan for the benefit of all eligible employees. The Plan was amended in 2006 to provide a Roth 401(k) feature to the Plan. The Company contributes to the Plan annually upon approval by the Board of Directors. Contributions made to the Plan for the years ended December 31, 2016, 2015, and 2014 amounted to $356,000, $326,000, and $263,000, respectively. The Company also provides a nonqualified deferred compensation plan for 16 executive officers in the form of a Supplemental Executive Retirement Plan (“SERP”). The SERP provides retirement income for these officers. As of December 31, 2016 and 2015, the Company had an accrued benefit obligation of $4.6 million and $3.8 million, respectively. The Company incurred expenses related to this plan of $782,000, $978,000, and $352,000 in 2016, 2015, and 2014, respectively.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2016
Stock-Based Compensation [Abstract]
Stock-Based Compensation	NOTE 20 – Stock-Based Compensation Compensation cost is recognized for stock options and restricted stock awards issued to employees and non-employee directors. Compensation cost is measured as the fair value of these awards on their date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used as the fair value of restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period for stock option and restricted stock awards. The Company’s stock incentive programs are long-term retention programs intended to attract, retain, and provide incentives for key employees and non-employee directors in the form of incentive and non-qualified stock options and restricted stock. Stock-based compensation expense was recorded as follows: For the years ended December 31, (dollars in thousands) 2016 2015 2014 Stock option expense $ 746 556 430 Restricted stock grant expense 286 203 199 Total stock-based compensation expense $ 1,032 759 629 Stock Options On March 21, 2000, the Company adopted a stock option plan under which the board of directors could grant up to 436,424 options at an option price per share not less than the fair market value on the date of grant. The options expire 10 years from the grant date, but expired or forfeited options may be reissued. Under the terms of the 2000 stock option plan any awards remaining and granted after March 2010 are accounted for as non-qualified stock options. As of January 2011, all available options under the 2000 stock option plan had been granted. On May 18, 2010, the Company adopted the 2010 Incentive Plan, making available for issuance 366,025 stock options (adjusted for the 10% stock dividends in 2013, 2012, and 2011). The options may be exercised at an option price per share based on the fair market value and determined on the date of grant and expire 10 years from the grant date. On May 20, 2014, the Company amended the 2010 Incentive Plan to add an additional 200,000 shares of common stock to be issuable as stock options, for a total of 566,025 shares. On May 17, 2016, the Company adopted the 2016 Equity Incentive Plan, making available for issuance 400,000 stock options. The options may be exercised at an option price per share based on the fair market value and determined on the date of grant and expire 10 years from the grant date. A summary of the status of the stock option plan and changes for the period is presented below: For the years ended December 31, 2016 2015 2014 Shares Weighted Weighted Shares Weighted Weighted Shares Weighted Weighted Outstanding at beginning of year 693,954 $ 8.94 667,479 $ 7.83 617,181 $ 7.05 Granted 109,500 23.65 93,511 17.15 90,050 13.54 Exercised (152,751 ) 7.19 (67,036 ) 9.36 (39,752 ) 8.94 Forfeited or expired 8,500 15.69 - - - - Outstanding at end of year 642,203 $ 11.77 5.9 years 693,954 $ 8.94 6.0 years 667,479 $ 7.83 6.2 years Options exercisable at year-end 399,256 $ 7.62 4.4 years 457,895 $ 6.74 4.9 years 432,055 $ 6.74 5.2 years Weighted average fair value of options granted during the year $ 10.96 $ 9.09 $ 7.21 Shares available for grant 454,765 155,767 249,267 The aggregate intrinsic value (the difference between the Company’s closing stock price on the last trading day of the year and the exercise price, multiplied by the number of in-the-money options) of 642,203 and 693,954 stock options outstanding at December 31, 2016 and 2015 was $15.6 million and $9.5 million, respectively. The aggregate intrinsic value of 399,256 and 457,895 stock options exercisable at December 31, 2016 and 2015 was $11.4 million and $7.3 million, respectively. The fair value of the option grant is estimated on the date of grant using the Black-Scholes option-pricing model. The following assumptions were used for grants: 2016 2015 2014 Dividend yield - - - Expected life 7 years 7 years 7 years Expected volatility 43.22% 51.24% 49.90% Risk-free interest rate 1.65% 1.63% 2.29% At December 31, 2016, there was $1.5 million of total unrecognized compensation cost related to nonvested stock option grants. The cost is expected to be recognized over a weighted-average period of 2.6 years. The fair value of stock option grants that vested during 2016, 2015, and 2014 was $593,000, $491,000 and $473,000, respectively. Restricted Stock Grants In 2006, the Company adopted a restricted stock plan for the benefit of the directors, officers and employees. Under the restricted stock plan, 13,310 shares of restricted stock (adjusted for the stock dividends in 2011 and 2012) were authorized for issuance. As of December 31, 2012 all shares of restricted stock, authorized under the plan had been granted. In May 2010, the Company adopted the 2010 Incentive Plan which included a provision for the issuance of 79,860 shares of restricted stock (adjusted for all subsequent stock dividends). On May 19, 2015, the Company amended the 2010 Incentive Plan to add an additional 25,000 shares of common stock to be issuable as restricted stock grants, for a total of 104,860 shares. As of December 31, 2016, there were 15,924 shares of restricted stock available for grant. On May 17, 2016, the Company adopted the 2016 Equity Incentive Plan which included a provision for the issuance of 50,000 shares of common stock to be issuable as restricted stock grants. Shares of restricted stock granted to employees under the stock plans are subject to restrictions as to continuous employment for a specified time period following the date of grant. During this period, the holder is entitled to full voting rights and dividends. A summary of the status of the Company’s nonvested restricted stock and changes for the years ended December 31, 2016, 2015, and 2014 is as follows: December 31, 2016 2015 2014 Restricted Shares Weighted Average Grant-Date Fair Value Restricted Shares Weighted Average Grant-Date Fair Value Restricted Shares Weighted Average Grant-Date Fair Value Nonvested at beginning of year 33,749 $ 12.92 49,000 $ 11.83 61,624 $ 11.46 Granted 22,000 23.91 3,000 20.65 4,500 14.15 Vested (17,749) 11.68 (18,251) 11.28 (17,124) 11.09 Forfeited (1,875) 14.72 - - - - Nonvested at end of year 36,125 $ 20.13 33,749 $ 12.92 49,000 $ 11.83 At December 31, 2016, there was $573,000 of total unrecognized compensation cost related to nonvested restricted stock grants. The cost is expected to be recognized over a weighted-average period of 2.7 years.

Dividends

Dividends	12 Months Ended
	Dec. 31, 2016
Dividend [Abstract]
Dividends	NOTE 21 – Dividends The ability of the Company to pay cash dividends is dependent upon receiving cash in the form of dividends from the Bank. The dividends that may be paid by the Bank to the Company are subject to legal limitations and regulatory capital requirements. Also, the payment of cash dividends on the Company's common stock by the Company in the future will be subject to certain other legal and regulatory limitations (including the requirement that the Company’s capital be maintained at certain minimum levels) and will be subject to ongoing review by banking regulators. The Federal Reserve has issued a policy statement regarding the payment of dividends by bank holding companies. In general, the Federal Reserve’s policies provide that dividends should be paid only out of current earnings and only if the prospective rate of earnings retention by the bank holding company appears consistent with the organization’s capital needs, asset quality and overall financial condition.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2016
Regulatory Matters [Abstract]
Regulatory Matters	NOTE 22 – Regulatory Matters The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company and Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios (set forth in the table below) of Total and Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. Total capital includes Tier 1 and Tier 2 capital. Tier 2 capital consists of the allowance for loan losses subject to certain limitations. Management believes, as of December 31, 2016, that the Company and Bank exceed all well capitalized requirements to which they are subject. In July 2013, the FDIC approved a final rule to implement the Basel III regulatory capital reforms among other changes required by the Dodd-Frank Act. The framework requires banking organizations to hold more and higher quality capital, which acts as a financial cushion to absorb losses, taking into account the impact of risk. The approved rule includes a new minimum ratio of common equity Tier 1 (“CET1”) capital to risk-weighted assets of 4.5% as well as a CET1 capital conservation buffer of 2.5% of risk-weighted assets. The rule also raised the minimum ratio of Tier 1 capital to risk-weighted assets from 4% to 6% and includes a minimum leverage ratio of 4% for all banking institutions. For the largest, most internationally active banking organizations, the rule includes a new minimum supplementary leverage ratio that takes into account off-balance sheet exposures. In terms of quality of capital, the final rule emphasized common equity Tier 1 capital and implemented strict eligibility criteria for regulatory capital instruments. It also changed the methodology for calculating risk-weighted assets to enhance risk sensitivity. The changes began to take effect for the Bank in January 2015. The following table summarizes the capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements at December 31, 2016 and 2015. Actual For capital adequacy purposes minimum To be well capitalized under prompt corrective action provisions minimum (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016 The Bank Total Capital (to risk weighted assets) $132,839 11.69% 90,910 8.00% 113,628 10.00% Tier 1 Capital (to risk weighted assets) 118,626 10.44% 68,183 6.00% 90,910 8.00% Common Equity Tier 1 Capital (to risk weighted assets) 118,626 10.44% 51,137 4.50% 73,864 6.50% Tier 1 Capital (to average assets) 118,626 9.08% 52,273 4.00% 65,342 5.00% The Company Total Capital (to risk weighted assets) 137,588 12.11% 90,910 8.00% n/a n/a Tier 1 Capital (to risk weighted assets) 123,375 10.86% 68,183 6.00% n/a n/a Common Equity Tier 1 Capital (to risk weighted assets) 110,375 9.71% 51,137 4.50% n/a n/a Tier 1 Capital (to average assets) 123,375 9.42% 52,392 4.00% n/a n/a Actual For capital adequacy purposes minimum To be well capitalized under prompt corrective action provisions minimum (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015 The Bank Total Capital (to risk weighted assets) $116,992 11.67% 80,166 8.00% 100,208 10.00% Tier 1 Capital (to risk weighted assets) 104,452 10.42% 60,125 6.00% 80,166 8.00% Common Equity Tier 1 Capital (to risk weighted assets) 104,452 10.42% 45,094 4.50% 65,135 6.50% Tier 1 Capital (to average assets) 104,452 8.57% 48,753 4.00% 60,941 5.00% The Company Total Capital (to risk weighted assets) 119,783 11.95% 80,166 8.00% n/a n/a Tier 1 Capital (to risk weighted assets) 107,243 10.70% 60,125 6.00% n/a n/a Common Equity Tier 1 Capital (to risk weighted assets) 94,243 9.40% 45,094 4.50% n/a n/a Tier 1 Capital (to average assets) 107,243 8.78% 48,876 6.00% n/a n/a

Reportable Segments

Reportable Segments	12 Months Ended
	Dec. 31, 2016
Reportable Segments [Abstract]
Reportable Segments	NOTE 23 – Reportable Segments The Company’s reportable segments represent the distinct product lines the Company offers and are viewed separately for strategic planning purposes by management. The three segments include Commercial and Retail Banking, Mortgage Banking, and Corporate. The Company began reporting by segments beginning in June 2016. The following schedule presents financial information for each reportable segment. Year ended December 31, 2016 (dollars in thousands) Commercial Mortgage Corporate Eliminations Consolidated Interest income $ 50,851 340 2 (2) 51,191 Interest expense 7,792 - 402 (2) 8,192 Net interest income (loss) 43,059 340 (400) - 42,999 Provision for loan losses 2,300 - - - 2,300 Noninterest income 4,009 6,837 - - 10,846 Noninterest expense 26,482 4,451 243 - 31,176 Net income (loss) before taxes 18,286 2,726 (643) - 20,369 Income tax (provision) benefit (6,496) (1,009) 172 - (7,333) Net income (loss) $ 11,790 1,717 (471) - 13,036 Total assets $ 1,331,224 6,477 123,279 (120,072) 1,340,908 Commercial and retail banking. Mortgage banking. Corporate.

Parent Company Financial Inform

Parent Company Financial Information	12 Months Ended
	Dec. 31, 2016
Parent Company Financial Information [Abstract]
Parent Company Financial Information	NOTE 24 – Parent Company Financial Information Following is condensed financial information of Southern First Bancshares, Inc. (parent company only): Condensed Balance Sheets December 31, (dollars in thousands) 2016 2015 Assets Cash and cash equivalents $ 1,949 442 Investment in subsidiaries 118,526 104,851 Other assets 2,804 2,355 Total assets $ 123,279 107,648 Liabilities and Shareholders’ Equity Accounts payable and accrued expenses $ 4 5 Junior subordinated debentures 13,403 13,403 Shareholders’ equity 109,872 94,240 Total liabilities and shareholders’ equity $ 123,279 107,648 Condensed Statements of Income For the years ended December 31, 2016 2015 2014 Revenues Interest income $ 2 4 6 Total revenue 2 4 6 Expenses Interest expense 402 349 420 Other expenses 243 829 630 Total expenses 645 1,178 1,050 Income tax benefit 172 212 234 Loss before equity in undistributed net income of subsidiaries (471) (962) (810) Equity in undistributed net income of subsidiaries 13,507 11,129 7,435 Net income $ 13,036 10,167 6,625 Condensed Statements of Cash Flows For the years ended December 31, 2016 2015 2014 Operating activities Net income $ 13,036 10,167 6,625 Adjustments to reconcile net income to net cash used for operating activities Equity in undistributed net income of subsidiaries (13,507 ) (11,129 ) (7,435 ) Compensation expense related to stock options and restricted stock grants 1,998 759 629 Increase in other assets (449 ) (192 ) (287 ) Decrease in accounts payable and accrued expenses (1 ) - (11 ) Net cash provided by (used for) operating activities 1,077 (395 ) (479 ) Investing activities Investment in subsidiaries, net (668 ) (2,250 ) (4,100 ) Net cash used for investing activities (668 ) (2,250 ) (4,100 ) Financing activities Decrease in note payable - - (1,400 ) Cash dividend on preferred stock - - (1,010 ) Redemption of preferred stock - - (15,299 ) Issuance of common stock - - 24,376 Cash in lieu of fractional shares - - - Proceeds from the exercise of stock options and warrants 1,098 628 356 Net cash provided by financing activities 1,098 628 7,023 Net increase (decrease) in cash and cash equivalents 1,507 (2,017 ) 2,444 Cash and cash equivalents, beginning of year 442 2,459 15 Cash and cash equivalents, end of year $ 1,949 442 2,459

Selected Condensed Quarterly Fi

Selected Condensed Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2016
Selected Condensed Quarterly Financial Data (Unaudited) [Abstract]
Selected Condensed Quarterly Financial Data (Unaudited)	NOTE 25 – Selected Condensed Quarterly Financial Data (Unaudited) 2016 For the quarters ended (dollars in thousands, except share data) March 31 June 30 September 30 December 31 Interest income $ 12,329 12,503 12,912 13,447 Interest expense 2,022 1,990 2,032 2,148 Net interest income 10,307 10,513 10,880 11,299 Provision for loan losses 625 575 825 275 Noninterest income 2,559 3,146 3,017 2,124 Noninterest expenses 7,517 7,853 7,800 8,006 Income before income tax expense 4,724 5,231 5,272 5,142 Income tax expense 1,718 1,925 1,839 1,851 Net income available to common shareholders $ 3,006 3,306 3,433 3,291 Earnings per common share Basic $ 0.48 0.53 0.54 0.52 Diluted $ 0.45 0.49 0.51 0.49 Weighted average common shares outstanding Basic 6,272,847 6,301,853 6,322,073 6,375,842 Diluted 6,634,432 6,702,820 6,740,751 6,775,729 2015 For the quarters ended March 31 June 30 September 30 December 31 Interest income $ 10,801 11,316 11,766 12,147 Interest expense 1,731 1,825 1,928 2,016 Net interest income 9,070 9,491 9,838 10,131 Provision for loan losses 625 1,000 875 700 Noninterest income 2,141 2,115 2,124 2,036 Noninterest expenses 7,461 6,646 6,871 7,231 Income before income tax expense 3,125 3,960 4,216 4,236 Income tax expense 1,097 1,400 1,489 1,383 Net income available to common shareholders $ 2,028 2,560 2,727 2,853 Earnings per common share Basic $ 0.33 0.41 0.44 0.46 Diluted $ 0.31 0.39 0.41 0.43 Weighted average common shares outstanding Basic 6,189,477 6,187,720 6,205,877 6,234,490 Diluted 6,514,873 6,533,658 6,579,448 6,613,685

Summary of Significant Accoun33

Summary of Significant Accounting Policies and Activities (Policies)	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies and Activities [Abstract]
Business activity	Southern First Bancshares, Inc.
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Southern First Bank. We have no additional reportable operating segments under Accounting Standards Codification (“ASC”) 280 “Segment Reporting.” In consolidation, all significant intercompany transactions have been eliminated. The accounting and reporting policies conform to accounting principles generally accepted in the United States of America. In accordance with guidance issued by the Financial Accounting Standards Board (“FASB”), the operations of the Trusts have not been consolidated in these financial statements.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amount of income and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, real estate acquired in settlement of loans, fair value of financial instruments, evaluating other-than-temporary-impairment of investment securities and valuation of deferred tax assets.
Risks and Uncertainties	Risks and Uncertainties In the normal course of its business, the Company encounters two significant types of risks: economic and regulatory. There are three main components of economic risk: interest rate risk, credit risk and market risk. The Company is subject to interest rate risk to the degree that its interest-bearing liabilities mature or reprice at different speeds, or on different bases, than its interest-earning assets. Credit risk is the risk of default within the Company’s loan portfolio that results from borrowers’ inability or unwillingness to make contractually required payments. Market risk reflects changes in the value of collateral underlying loans receivable and the valuation of real estate held by the Company. The Company is subject to the regulations of various governmental agencies. These regulations can and do change significantly from period to period. The Company also undergoes periodic examinations by the regulatory agencies, which may subject it to changes with respect to valuation of assets, amount of required loan loss allowance and operating restrictions resulting from the regulators’ judgments based on information available to them at the time of their examinations. The Bank makes loans to individuals and businesses in the Upstate, Midlands, and Lowcountry regions of South Carolina for various personal and commercial purposes. The Bank’s loan portfolio has a concentration of real estate loans. As of December 31, 2016 and 2015, real estate loans represented 81.1% and 81.4%, respectively, of total loans. However, borrowers’ ability to repay their loans is not dependent upon any specific economic sector.
Subsequent Events	Subsequent Events Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. Management performed an evaluation to determine whether there have been any subsequent events since the balance sheet date and determined that no subsequent events occurred requiring accrual or disclosure.
Initial Adoption of Fair Value Option	Initial Adoption of Fair Value Option In accordance with ASC 825-10 – Financial Instruments
Reclassifications	Reclassifications Certain amounts, previously reported, have been reclassified to state all periods on a comparable basis and had no effect on shareholders’ equity or net income.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash and due from banks, interest bearing deposits and federal funds sold. Cash and cash equivalents have original maturities of three months or less, and federal funds sold are generally purchased and sold for one-day periods. Accordingly, the carrying value of these instruments is deemed to be a reasonable estimate of fair value. At December 31, 2016 and 2015, included in cash and cash equivalents was $5.0 million on deposit with the Federal Reserve Bank.
Investment Securities	Investment Securities We classify our investment securities as held to maturity securities, trading securities and available for sale securities as applicable. Debt securities are designated as held to maturity if we have the intent and the ability to hold the securities to maturity. Held to maturity securities are carried at amortized cost, adjusted for the amortization of any related premiums or the accretion of any related discounts into interest income using a methodology which approximates a level yield of interest over the estimated remaining period until maturity. Unrealized losses on held to maturity securities, reflecting a decline in value judged by us to be other than temporary, are charged to income in the Consolidated Statements of Income. Debt and equity securities that are purchased and held principally for the purpose of selling in the near term are reported as trading securities. Trading securities are carried at fair value with unrealized holding gains and losses included in earnings. We classify debt and equity securities as available for sale when at the time of purchase we determine that such securities may be sold at a future date or if we do not have the intent or ability to hold such securities to maturity. Securities designated as available for sale are recorded at fair value. Changes in the fair value of debt and equity securities available for sale are included in shareholders’ equity as unrealized gains or losses, net of the related tax effect. Unrealized losses on available for sale securities, reflecting a decline in value judged to be other than temporary, are charged to income in the Consolidated Statements of Income. Realized gains or losses on available for sale securities are computed on the specific identification basis.
Other Investments	Other Investments The Bank, as a member institution, is required to own a stock investment in the Federal Home Loan Bank of Atlanta (“FHLB”). This stock is generally pledged against any borrowings from the FHLB and cash dividends on our FHLB stock are recorded in investment income. No ready market exists for these stocks and they have no quoted market value. However, redemption of this stock has historically been at par value. Other investments also include a $403,000 investment in the Trusts.
Loans	Loans Loans are stated at the principal balance outstanding. Unamortized net loan fees and the allowance for possible loan losses are deducted from total loans on the balance sheets. Interest income is recognized over the term of the loan based on the principal amount outstanding. The net of loan origination fees received and direct costs incurred in the origination of loans is deferred and amortized to interest income over the contractual life of the loans adjusted for actual principal prepayments using a method approximating the interest method.
Nonaccrual and Past Due Loans	Nonaccrual and Past Due Loans Loans are generally placed on nonaccrual status when principal or interest becomes 90 days past due, or when payment in full is not anticipated. When a loan is placed on nonaccrual status, interest accrued but not received is generally reversed against interest income. Cash receipts on nonaccrual loans are not recorded as interest income, but are used to reduce the loan’s principal balance. A nonaccrual loan is generally returned to accrual status and accrual of interest is resumed when payments have been made according to the terms and conditions of the loan for a continuous six month period. Our loans are considered past due when contractually required principal or interest payments have not been made on the due dates.
Nonperforming Assets	Nonperforming Assets Nonperforming assets include real estate acquired through foreclosure or deed taken in lieu of foreclosure, loans on nonaccrual status and loans past due 90 days or more and still accruing interest. Loans are placed on nonaccrual status when, in the opinion of management, the collection of additional interest is uncertain. Thereafter no interest is taken into income until such time as the borrower demonstrates the ability to pay both principal and interest.
Impaired Loans	Impaired Loans Our impaired loans include loans on nonaccrual status and loans modified in a troubled debt restructuring (“TDR”), whether on accrual or nonaccrual status. For loans that are classified as impaired, an allowance is established when the fair value (discounted cash flows, collateral value, or observable market price) of the impaired loan less costs to sell, are lower than the carrying value of that loan. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due, among other factors. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including, without limitation, the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Prior to this change, large groups of smaller balance homogeneous consumer loans were collectively evaluated for impairment, and we did not separately identify individual consumer loans for impairment disclosures.
Loan Charge-off Policy	Loan Charge-off Policy For commercial loans, we generally fully charge off or charge collateralized loans down to net realizable value when management determines the loan to be uncollectible; repayment is deemed to be projected beyond reasonable time frames; the loan has been classified as a loss by either our internal loan review process or our banking regulatory agencies; the client has filed bankruptcy and the loss becomes evident owing to a lack of assets; or the loan is 120 days past due unless both well-secured and in the process of collection. For consumer loans, we generally charge down to net realizable value when the loan is 180 days past due.
Troubled Debt Restructuring (TDRs)	Troubled Debt Restructuring (TDRs) The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company provides concessions such that we will not collect all principal and interest in accordance with the original terms of the loan agreement. Concessions can relate to the contractual interest rate, maturity date, or payment structure of the note. As part of our workout plan for individual loan relationships, we may restructure loan terms to assist borrowers facing challenges in the current economic environment. Our policy with respect to accrual of interest on loans restructured in a TDR follows relevant supervisory guidance. That is, if a borrower has demonstrated performance under the previous loan terms and shows capacity to perform under the restructured loan terms; continued accrual of interest at the restructured interest rate is likely. If a borrower was materially delinquent on payments prior to the restructuring, but shows capacity to meet the restructured loan terms, the loan will likely continue as nonaccrual going forward. Lastly, if the borrower does not perform under the restructured terms, the loan is placed on nonaccrual status. We will continue to closely monitor these loans and will cease accruing interest on them if management believes that the borrowers may not continue performing based on the restructured note terms. If, after previously being classified as a TDR, a loan is restructured a second time and the borrower continues to experience financial difficulties, then that loan is automatically placed on nonaccrual status. Our policy with respect to nonperforming loans requires the borrower to make a minimum of six consecutive payments of principal and interest in accordance with the loan terms before that loan can be placed back on accrual status. Further, the borrower must show capacity to continue performing into the future prior to restoration of accrual status. In addition, our policy, in accordance with supervisory guidance, also provides for a loan to be removed from TDR status if the loan is modified or renewed at terms consistent with current market rates and the loan has been performing under modified terms for an extended period of time or under certain circumstances. In the determination of the allowance for loan losses, management considers TDRs on commercial and consumer loans and subsequent defaults in these restructurings by measuring impairment, on a loan by loan basis, based on either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price, or the fair value of the collateral, less costs to sell, if the loan is collateral dependent.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is management’s estimate of credit losses inherent in the loan portfolio. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. We have an established process to determine the adequacy of the allowance for loan losses that assesses the losses inherent in our portfolio. While we attribute portions of the allowance to specific portfolio segments, the entire allowance is available to absorb credit losses inherent in the total loan portfolio. Our process involves procedures to appropriately consider the unique risk characteristics of our commercial and consumer loan portfolio segments. For each portfolio segment, impairment is measured individually for each impaired loan. Our allowance levels are influenced by loan volume, loan grade or delinquency status, historic loss experience and other economic conditions. See Note 4 to the Consolidated Financial Statements for additional information on the allowance for loan losses.
Other Real Estate Owned	Other Real Estate Owned Real estate acquired through foreclosure is initially recorded at the lower of cost or estimated fair value less selling costs. Subsequent to the date of acquisition, it is carried at the lower of cost or fair value, adjusted for net selling costs. Fair values of real estate owned are reviewed regularly and write-downs are recorded when it is determined that the carrying value of real estate exceeds the fair value less estimated costs to sell. Costs relating to the development and improvement of such property are capitalized, whereas those costs relating to holding the property are expensed.
Property and Equipment	Property and Equipment Property and equipment are stated at cost. Major repairs are charged to operations, while major improvements are capitalized. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Upon retirement, sale, or other disposition of property and equipment, the cost and accumulated depreciation are eliminated from the accounts, and gain or loss is included in income from operations. Construction in progress is stated at cost, which includes the cost of construction and other direct costs attributable to the construction. No provision for depreciation is made on construction in progress until such time as the relevant assets are completed and put into use.
Bank Owned Life Insurance Policies	Bank Owned Life Insurance Policies Bank owned life insurance policies represent the cash value of policies on certain officers of the Company.
Securities Sold Under Agreements to Repurchase	Securities Sold Under Agreements to Repurchase The Bank enters into sales of securities under agreements to repurchase (reverse repurchase agreements). Repurchase agreements are treated as financing, with the obligation to repurchase securities sold being reflected as a liability and the securities underlying the agreements remaining as assets in the Consolidated Balance Sheets.
Comprehensive Income	Comprehensive Income Comprehensive income (loss) consists of net income and net unrealized gains (losses) on securities and is presented in the statements of shareholders’ equity and comprehensive income. The statement requires only additional disclosures in the consolidated financial statements; it does not affect our results of operations.
Income Taxes	Income Taxes The financial statements have been prepared on the accrual basis. When income and expenses are recognized in different periods for financial reporting purposes versus for the purposes of computing income taxes currently payable, deferred taxes are provided on such temporary differences. Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been recognized in the consolidated financial statements or tax returns. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. The Company believes that its income tax filing positions taken or expected to be taken on its tax returns will more likely than not be sustained upon audit by the taxing authorities and does not anticipate any adjustments that will result in a material adverse impact on the Company’s financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded. The Company’s federal and state income tax returns are open and subject to examination from the 2013 tax return year and forward.
Stock-Based Compensation	Stock-Based Compensation The Company has a stock-based employee compensation plan. Compensation cost is recognized for all stock options granted and for any outstanding unvested awards as if the fair value method had been applied to those awards as of the date of grant.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements The following is a summary of recent authoritative pronouncements that could impact the accounting, reporting, and/or disclosure of financial information by the Company. In May 2014, the FASB issued guidance to change the recognition of revenue from contracts with customers. The core principle of the guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. In August 2015, the FASB deferred the effective date of ASU 2014-09, Revenue from Contracts with Customers. As a result of the deferral, the guidance in ASU 2014-09 will be effective for the Company for reporting periods beginning after December 15, 2017. In March 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify the implementation guidance on principal versus agent considerations and address how an entity should assess whether it is the principal or the agent in contracts that include three or more parties. In April 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify guidance related to identifying performance obligations and accounting for licenses of intellectual property. In May 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify guidance related to collectability, noncash consideration, presentation of sales tax, and transition. The Company does not expect these amendments to have a material effect on its financial statements. In August 2015, the FASB deferred the effective date of ASU 2014-09, Revenue from Contracts with Customers. In November 2015, the FASB amended the Income Taxes topic of the Accounting Standards Codification to simplify the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments will be effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted as of the beginning of an interim or annual reporting period. The Company does not expect these amendments to have a material effect on its financial statements. In January 2016, the FASB amended the Financial Instruments topic of the ASC to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In February 2016, the FASB amended the Leases topic of the Accounting Standards Codification to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In March 2016, the FASB issued guidance to simplify several aspects of the accounting for share-based payment award transactions including the income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. Additionally, the guidance simplifies two areas specific to entities other than public business entities allowing them to apply a practical expedient to estimate the expected term for all awards with performance or service conditions that have certain characteristics and also allowing them to make a one-time election to switch from measuring all liability-classified awards at fair value to measuring them at intrinsic value. The amendments will be effective for the Company for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company does not expect these amendments to have a material effect on its financial statements. In June 2016, the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019. Early adoption is permitted for all organizations for periods beginning after December 15, 2018. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In November 2016, the FASB amended the Statement of Cash Flows topic of the Accounting Standards Codification to clarify how restricted cash is presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a significant impact on the Company’s financial position, results of operations and cash flows.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2016
Investment Securities [Abstract]
Summary of amortized costs and fair value of investment securities	December 31, 2016 Amortized Gross Unrealized Fair (dollars in thousands) Cost Gains Losses Value Available for sale US government agencies $ 6,271 1 113 6,159 SBA securities 1,453 - 16 1,437 State and political subdivisions 20,625 141 292 20,474 Mortgage-backed securities FHLMC 10,922 - 185 10,737 FNMA 24,827 19 277 24,569 GNMA 1,146 2 44 1,104 Total mortgage-backed securities 36,895 21 506 36,410 Total $ 65,244 163 927 64,480 December 31, 2015 Amortized Gross Unrealized Fair Cost Gains Losses Value Available for sale US government agencies $ 14,711 1 113 14,599 SBA securities 6,410 - 133 6,277 State and political subdivisions 21,771 525 37 22,259 Mortgage-backed securities FHLMC 12,983 4 148 12,839 FNMA 34,008 181 292 33,897 GNMA 62 6 - 68 Total mortgage-backed securities 47,053 191 440 46,804 Total $ 89,945 717 723 89,939
Summary of amortized costs and fair values of investment securities available for sale by contractual maturity	December 31, 2016 2015 (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Available for sale Due within one year $ - - - - Due after one through five years 3,303 3,268 4,638 4,613 Due after five through ten years 26,234 25,976 30,605 30,784 Due after ten years 35,707 35,236 54,702 54,542 $ 65,244 64,480 89,945 89,939
Summary of gross unrealized losses on investment securities and fair market value of related securities	Less than 12 months 12 months or longer Total (dollars in thousands) # Fair value Unrealized losses # Fair value Unrealized losses # Fair value Unrealized losses As of December 31, 2016 Available for sale US government agencies 5 $ 5,144 $ 113 - $ - $ - 5 $ 5,144 $ 113 SBA securities 1 1,437 16 - - - 1 1,437 16 State and political subdivisions 32 13,936 292 - - - 32 13,936 292 Mortgage-backed FHLMC 10 10,737 185 - - - 10 10,737 185 FNMA 14 15,478 247 2 3,991 30 16 19,469 277 GNMA 1 1,077 44 - - - 1 1,077 44 63 $ 47,809 $ 897 2 $3,991 $ 30 65 $ 51,800 $ 927 Less than 12 months 12 months or longer Total (dollars in thousands) # Fair value Unrealized losses # Fair value Unrealized losses # Fair value Unrealized losses As of December 31, 2015 Available for sale US government agencies 9 $ 12,853 $ 113 - $ - $ - 9 $ 12,853 $ 113 SBA securities - - - 2 4,691 133 2 4,691 133 State and political subdivisions 7 3,125 17 3 1,220 20 10 4,345 37 Mortgage-backed FHLMC 9 12,160 148 - - - 9 12,160 148 FNMA 18 28,708 292 - - - 18 28,708 292 43 $ 56,846 $ 570 5 $ 5,911 $ 153 48 $ 62,757 $ 723
Summary of other investments	December 31, (dollars in thousands) 2016 2015 Federal Home Loan Bank stock $ 5,173 5,005 Other investments 166 124 Investment in Trust Preferred subsidiaries 403 403 $ 5,742 5,532

Loans and Allowance for Loan 35

Loans and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2016
Financing Receivable, Allowance for Credit Losses [Line Items]
Summary of composition of loan portfolio	December 31, (dollars in thousands) 2016 2015 Commercial Owner occupied RE $ 285,938 24.6% 236,083 23.5% Non-owner occupied RE 239,574 20.6% 205,604 20.5% Construction 33,393 2.9% 41,751 4.1% Business 202,552 17.4% 171,743 17.1% Total commercial loans 761,457 65.5% 655,181 65.2% Consumer Residential 215,588 18.5% 174,802 17.4% Home equity 137,105 11.8% 116,563 11.6% Construction 31,922 2.7% 43,318 4.3% Other 17,572 1.5% 15,080 1.5% Total consumer loans 402,187 34.5% 349,763 34.8% Total gross loans, net of deferred fees 1,163,644 100.0% 1,004,944 100.0% Less – allowance for loan losses (14,855) (13,629) Total loans, net $ 1,148,789 991,315
Composition of gross loans by rate type	December 31, (dollars in thousands) 2016 2015 Variable rate loans $ 290,462 254,749 Fixed rate loans 873,182 750,195 $ 1,163,644 1,004,944
Summary of nonperforming assets, including nonaccruing TDRs	December 31, (dollars in thousands) 2016 2015 Commercial Owner occupied RE $ 276 704 Non-owner occupied RE 2,711 4,170 Construction - - Business 686 779 Consumer Real estate 550 - Home equity 256 258 Construction - - Other 13 5 Nonaccruing troubled debt restructurings 990 701 Total nonaccrual loans, including nonaccruing TDRs 5,482 6,617 Other real estate owned 639 2,475 Total nonperforming assets $ 6,121 9,092 Nonperforming assets as a percentage of: Total assets 0.46% 0.75% Gross loans 0.53% 0.90% Total loans over 90 days past due $ 1,984 4,547 Loans over 90 days past due and still accruing - - Accruing TDRs 5,675 7,266
Summary of key information for impaired loans	December 31, 2016 Recorded investment Impaired loans Unpaid with related Related Principal Impaired allowance for allowance for (dollars in thousands) Balance loans loan losses loan losses Commercial Owner occupied RE $ 2,284 2,243 2,224 263 Non-owner occupied RE 7,238 4,031 1,638 457 Construction - - - - Business 3,699 2,593 1,610 1,154 Total commercial 13,221 8,867 5,472 1,874 Consumer Real estate 1,853 1,843 1,843 682 Home equity 207 257 - - Construction - - - - Other 261 190 177 88 Total consumer 2,321 2,290 2,020 770 Total $ 15,542 11,157 7,492 2,644 December 31, 2015 Recorded investment Impaired loans Unpaid with related Related Principal Impaired allowance for allowance for Balance loans loan losses loan losses Commercial Owner occupied RE $ 964 863 863 260 Non-owner occupied RE 9,144 5,792 4,161 1,321 Construction 1,855 1,787 397 31 Business 4,756 3,861 2,936 1,932 Total commercial 16,719 12,303 8,357 3,544 Consumer Real estate 1,121 1,121 805 489 Home equity 260 258 - - Construction - - - - Other 201 201 201 191 Total consumer 1,582 1,580 1,006 680 Total $ 18,301 13,883 9,363 4,224
Summary of average recorded investment and interest income recognized on impaired loans	Year ended December 31, 2016 2015 2014 Average Recognized Average Recognized Average Recognized recorded interest recorded interest recorded interest (dollars in thousands) investment income investment income investment income Commercial Owner occupied RE $ 2,263 112 884 6 1,568 47 Non-owner occupied RE 4,106 200 6,137 128 5,693 104 Construction - - 1,888 74 1,977 75 Business 2,873 135 4,067 148 4,522 154 Total commercial 9,242 447 12,976 356 13,760 380 Consumer Real estate 1,854 81 1,112 46 2,094 53 Home equity 257 2 252 7 251 10 Construction - - - - - - Other 203 6 208 7 282 13 Total consumer 2,314 89 1,572 60 2,627 76 Total $ 11,556 536 14,548 416 16,387 456
Summary of activity related to allowance for loan losses	Year ended December 31, (dollars in thousands) 2016 2015 2014 Balance, beginning of period $ 13,629 11,752 10,213 Provision for loan losses 2,300 3,200 4,175 Loan charge-offs: Commercial Owner occupied RE (5) (48) - Non-owner occupied RE (100) (258) (2,069) Construction (42) (50) - Business (1,031) (881) (645) Total commercial (1,178) (1,237) (2,714) Consumer Real estate (194) (173) (51) Home equity (66) (93) (87) Construction - - - Other (210) (5) (35) Total consumer (470) (271) (173) Total loan charge-offs (1,648) (1,508) (2,887) Loan recoveries: Commercial Owner occupied RE - - - Non-owner occupied RE 155 10 2 Construction - - 127 Business 403 129 117 Total commercial 558 139 246 Consumer Real estate 10 - - Home equity 1 46 5 Construction - - - Other 5 - - Total consumer 16 46 5 Total recoveries 574 185 251 Net loan charge-offs (1,074) (1,323) (2,636) Balance, end of period $ 14,855 13,629 11,752
Summary of allowance for loan losses by commercial and consumer portfolio segments	Year ended December 31, 2016 (dollars in thousands) Commercial Consumer Unallocated Total Balance, beginning of period $ 9,672 3,957 - 13,629 Provision 987 1,313 - 2,300 Loan charge-offs (1,178) (470) - (1,648) Loan recoveries 558 16 - 574 Net loan charge-offs (620) (454) - (1,074) Balance, end of period $ 10,039 4,816 - 14,855 Year ended December 31, 2015 Commercial Consumer Unallocated Total Balance, beginning of period $ 8,216 3,536 - 11,752 Provision 2,554 646 - 3,200 Loan charge-offs (1,237) (271) - (1,508) Loan recoveries 139 46 - 185 Net loan charge-offs (1,098) (225) - (1,323) Balance, end of period $ 9,672 3,957 - 13,629
Summary of allowance for loan losses and recorded investment in loans by impairment methodology	December 31, 2016 Allowance for loan losses Recorded investment in loans (dollars in thousands) Commercial Consumer Total Commercial Consumer Total Individually evaluated $ 1,874 770 2,644 8,867 2,290 11,157 Collectively evaluated 8,165 4,046 12,211 752,590 399,897 1,152,487 Total $ 10,039 4,816 14,855 761,457 402,187 1,163,644 December 31, 2015 Allowance for loan losses Recorded investment in loans Commercial Consumer Total Commercial Consumer Total Individually evaluated $ 3,544 680 4,224 12,303 1,580 13,883 Collectively evaluated 6,128 3,277 9,405 642,878 348,183 991,061 Total $ 9,672 3,957 13,629 655,181 349,763 1,004,944
Commercial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status	December 31, 2016 Owner Non-owner (dollars in thousands) occupied RE occupied RE Construction Business Total Current $ 284,700 238,346 33,393 200,624 757,063 30-59 days past due 981 - - 1,423 2,404 60-89 days past due 257 56 - - 313 Greater than 90 days - 1,172 - 505 1,677 $ 285,938 239,574 33,393 202,552 761,457 December 31, 2015 Owner Non-owner occupied RE occupied RE Construction Business Total Current $ 235,795 201,381 41,354 170,644 649,174 30-59 days past due - - - 205 205 60-89 days past due 43 1,452 - 18 1,513 Greater than 90 days 245 2,771 397 876 4,289 $ 236,083 205,604 41,751 171,743 655,181
Summary of breakdown of outstanding loans by risk category	December 31, 2016 Owner Non-owner (dollars in thousands) occupied RE occupied RE Construction Business Total Pass $ 282,055 234,957 33,393 193,517 743,922 Special Mention 1,097 975 - 2,489 4,561 Substandard 2,786 3,642 - 6,546 12,974 Doubtful - - - - - $ 285,938 239,574 33,393 202,552 761,457 December 31, 2015 Owner Non-owner occupied RE occupied RE Construction Business Total Pass $ 230,460 198,144 39,678 161,920 630,202 Special Mention 3,887 1,574 286 5,511 11,258 Substandard 1,736 5,886 1,787 4,312 13,721 Doubtful - - - - - $ 236,083 205,604 41,751 171,743 655,181
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status	December 31, 2016 (dollars in thousands) Real estate Home equity Construction Other Total Current $ 214,228 136,638 31,922 17,427 400,215 30-59 days past due 1,041 210 - 126 1,377 60-89 days past due 282 - - 6 288 Greater than 90 days 37 257 - 13 307 $ 215,588 137,105 31,922 17,572 402,187 December 31, 2015 Real estate Home equity Construction Other Total Current $ 174,576 116,305 43,258 14,994 349,133 30-59 days past due 187 - 60 86 333 60-89 days past due 39 - - - 39 Greater than 90 days - 258 - - 258 $ 174,802 116,563 43,318 15,080 349,763
Summary of breakdown of outstanding loans by risk category	December 31, 2016 (dollars in thousands) Real estate Home equity Construction Other Total Pass $ 211,563 134,124 31,922 17,485 395,094 Special Mention 1,064 2,109 - 16 3,189 Substandard 2,961 872 - 71 3,904 Doubtful - - - - - Loss - - - - - $ 215,588 137,105 31,922 17,572 402,187 December 31, 2015 Real estate Home equity Construction Other Total Pass $ 172,589 112,080 42,319 14,967 341,955 Special Mention 961 3,388 - 45 4,394 Substandard 1,252 1,095 999 68 3,414 Doubtful - - - - - Loss - - - - - $ 174,802 116,563 43,318 15,080 349,763

Troubled Debt Restructurings (T

Troubled Debt Restructurings (Tables)	12 Months Ended
	Dec. 31, 2016
Troubled Debt Restructurings [Abstract]
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification	For the year ended December 31, 2016 Pre- modification Post- modification Renewals Reduced Converted Maturity Total outstanding outstanding deemed a or deferred to interest date number recorded recorded (dollars in thousands) concession payments only extensions of loans investment Investment Commercial Owner occupied RE 1 - - - 1 $ 477 $ 478 Consumer RE 1 - - - 1 188 188 Total loans 2 - - - 2 $ 665 $ 666 For the year ended December 31, 2015 Pre- modification Post- modification Renewals Reduced Converted Maturity Total outstanding outstanding deemed a or deferred to interest date number recorded recorded (dollars in thousands) concession payments only extensions of loans investment Investment Commercial Non-owner occupied RE 1 - - 1 2 $ 112 $ 112 Business 2 - - - 2 420 420 Total loans 3 - - 1 4 $ 532 $ 532

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property and Equipment [Abstract]
Components of property and equipment	December 31, (dollars in thousands) 2016 2015 Land $ 6,827 6,827 Buildings 14,833 14,667 Leasehold Improvements 2,020 2,009 Furniture and equipment 7,410 7,033 Software 421 388 Construction in process 6,225 1,422 37,736 32,346 Accumulated depreciation (9,374) (8,161) Total property and equipment $ 28,362 24,185
Schedule of estimated useful lives of property and equipment	Type of Asset Life in Years Software 3 Furniture and equipment 5 to 7 Leasehold improvements 5 to 15 Buildings 40

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	12 Months Ended
	Dec. 31, 2016
Other Real Estate Owned [Abstract]
Summary of activity of real estate acquired in settlement of loans portion of other real estate owned	For the year ended December 31, (dollars in thousands) 2016 2015 Balance, beginning of year $ 2,475 3,307 Additions 245 473 Sales (1,615) (368) Write-downs, net (466) (937) Balance, end of year $ 639 2,475

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2016
Deposit [Abstract]
Schedule of detail in deposit accounts	December 31, (dollars in thousands) 2016 2015 Noninterest bearing $ 235,538 189,686 Interest bearing: NOW accounts 234,949 194,835 Money market accounts 345,117 311,167 Savings 14,942 10,806 Time, less than $100,000 48,638 60,153 Time, $100,000 and over 211,967 219,086 Total deposits $1,091,151 985,733
Scheduled maturities of certificates of deposit	(dollars in thousands) 2017 $ 183,071 2018 59,330 2019 13,697 2020 4,134 2021 and after 373 $ 260,605

Federal Home Loan Bank Advanc40

Federal Home Loan Bank Advances and Other Borrowings (Tables)	12 Months Ended
	Dec. 31, 2016
Federal Home Loan Bank Advances and Other Borrowings [Abstract]
Summary of terms and maturities of advances of FHLB	December 31, (dollars in thousands) 2016 2015 Maturity Amount Rate Amount Rate February 13, 2017 $ 7,500 4.38% $ 7,500 4.38% April 18, 2017 7,000 2.73% 7,000 2.17% April 18, 2017 7,500 2.91% 7,500 2.34% April 19, 2017 20,000 2.16% 20,000 1.60% April 19, 2017 10,000 2.54% 10,000 1.98% July 11, 2017 9,000 4.49% 9,000 4.49% July 24, 2017 5,000 4.25% 5,000 4.25% January 30, 2018 5,000 3.57% 5,000 3.00% February 15, 2019 10,000 4.47% 10,000 4.47% October 10, 2019 15,000 4.06% 15,000 3.51% $ 96,000 3.41% $ 96,000 3.03%
Schedule of terms and maturities of structured debt agreements	(dollars in thousands) Maturity Amount Rate September 18, 2017 $ 10,000 3.63% December 17, 2017 2,000 3.65% March 14, 2018 3,600 2.75% September 15, 2018 3,600 2.55% $ 19,200 3.26%

Derivative Financial Instrume41

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
Derivative Financial Instruments [Abstract]
Schedule of outstanding financial derivative instruments	Fair Value (dollars in thousands) Notional Balance Sheet Location Asset/(Liability) Mortgage loan interest rate lock commitments $ 17,986 Other assets $ 256 MBS forward sales commitments 14,250 Other assets (3) Total derivative financial instruments $ 32,236 $ 253

Fair Value Accounting (Tables)

Fair Value Accounting (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Accounting [Abstract]
Schedule of assets and liabilities measured at fair value on recurring basis	December 31, 2016 (dollars in thousands) Level 1 Level 2 Level 3 Total Assets Securities available for sale: US government agencies $ - 6,159 - 6,159 SBA securities - 1,437 - 1,437 State and political subdivisions - 20,474 - 20,474 Mortgage-backed securities - 36,410 - 36,410 Mortgage loans held for sale - 7,801 - 7,801 Interest rate lock commitments - 256 - 256 Total assets measured at fair value on a recurring basis $ - 72,537 - 72,537 Liabilities MBS forward sales commitments $ - 3 - 3 Total liabilities measured at fair value on a recurring basis $ - 3 - 3 December 31, 2015 Level 1 Level 2 Level 3 Total Assets Securities available for sale: US government agencies $ - 14,599 - 14,599 SBA securities - 6,277 - 6,277 State and political subdivisions - 22,259 - 22,259 Mortgage-backed securities - 46,804 - 46,804 Total assets measured at fair value on a recurring basis $ - 89,939 - 89,939
Schedule of assets and liabilities measured at fair value on nonrecurring basis	December 31, 2016 Level 1 Level 2 Level 3 Total Assets Impaired loans $ - 4,075 4,438 8,513 Other real estate owned - 526 113 639 Total assets measured at fair value on a nonrecurring basis $ - 4,601 4,551 9,152 December 31, 2015 Level 1 Level 2 Level 3 Total Assets Impaired loans $ - 9,102 557 9,659 Other real estate owned - 2,208 267 2,475 Total assets measured at fair value on a nonrecurring basis $ - 11,310 824 12,134
Schedule of unobservable inputs used in the fair value measurements	Valuation Technique Significant Unobservable Inputs Range of Inputs Impaired loans Appraised Value/ Discounted Cash Flows Discounts to appraisals or cash flows for estimated holding and/or selling costs or age of appraisal 0-25% Other real estate owned Appraised Value/ Comparable Sales Discounts to appraisals for estimated holding or selling costs 0-25%
Schedule of estimated fair values of the Company's financial instruments	December 31, 2016 (dollars in thousands) Carrying Fair Level 1 Level 2 Level 3 Financial Assets: Other investments, at cost $ 5,742 5,742 - - 5,742 Loans, net 1,148,789 1,149,527 - 4,075 1,145,452 Financial Liabilities: Deposits 1,091,151 1,004,923 - 1,004,923 - FHLB and other borrowings 115,200 115,825 - 115,825 - Junior subordinated debentures 13,403 12,026 - 12,026 - December 31, 2015 Carrying Fair Level 1 Level 2 Level 3 Financial Assets: Other investments, at cost $ 5,532 5,532 - - 5,532 Mortgage loans held for sale 4,943 4,943 - 4,943 - Loans, net 991,315 992,379 - 9,102 983,277 Financial Liabilities: Deposits 985,733 918,303 - 918,303 - FHLB and other borrowings 115,200 117,317 - 117,317 - Junior subordinated debentures 13,403 11,511 - 11,511 -

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Common Share [Abstract]
Schedule of earnings per share calculation	December 31, (dollars in thousands, except share data) 2016 2015 2014 Numerator: Net income $ 13,036 10,167 6,625 Less: Preferred stock dividends - - 915 Net income available to common shareholders $ 13,036 10,167 5,710 Denominator: Weighted-average common shares outstanding - basic 6,318,322 6,204,518 4,980,595 Common stock equivalents 402,566 356,221 218,781 Weighted-average common shares outstanding - diluted 6,720,888 6,560,739 5,199,376 Earnings per common share: Basic $ 2.06 1.64 1.15 Diluted $ 1.94 1.55 1.10

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Summary of estimated future minimum lease payments under noncancelable operating leases	(dollars in thousands) For the years ended December 31, 2017 $ 1,101 2018 1,333 2019 1,352 2020 1,377 2021 1,399 Thereafter 3,613 $ 10,175

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Summary of components of income tax expense	For the years ended December 31, (dollars in thousands) 2016 2015 2014 Current income taxes: Federal $ 6,429 6,184 4,238 State 548 441 297 Total current tax expense 6,977 6,625 4,535 Deferred income tax expense (benefit) 356 (1,256) (1,422) Income tax expense $ 7,333 5,369 3,113
Summary of taxes computed using the statutory tax rate	For the years ended December 31, (dollars in thousands) 2016 2015 2014 Tax expense at statutory rate $ 7,129 5,438 3,311 Effect of state income taxes, net of federal benefit 356 287 196 Exempt income (162) (151) (170) Other 10 (205) (224) Income tax expense $ 7,333 5,369 3,113
Summary of components of the deferred tax assets and liabilities	December 31, (dollars in thousands) 2016 2015 Deferred tax assets: Allowance for loan losses $ 5,199 4,770 Unrealized loss on securities available for sale 260 2 Net deferred loan fees 691 597 Interest on nonaccrual loans - 829 Deferred compensation 1,597 1,323 Sale of real estate owned 262 531 Accrued expenses 401 166 Other 250 440 8,660 8,658 Deferred tax liabilities: Property and equipment 1,467 1,530 Other 368 205 1,835 1,735 Net deferred tax asset $ 6,825 6,923

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Summary of loan transactions with directors, including their affiliates and executive officers	For the years ended December 31, (dollars in thousands) 2016 2015 Balance, beginning of year $ 12,868 20,390 New loans 5,103 2,189 Less loan payments (3,146) (9,711) Balance, end of year $ 14,825 12,868

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Stock-Based Compensation [Abstract]
Schedule of stock-based compensation expense	For the years ended December 31, (dollars in thousands) 2016 2015 2014 Stock option expense $ 746 556 430 Restricted stock grant expense 286 203 199 Total stock-based compensation expense $ 1,032 759 629
Summary of the status of the stock option plan and changes	For the years ended December 31, 2016 2015 2014 Shares Weighted Weighted Shares Weighted Weighted Shares Weighted Weighted Outstanding at beginning of year 693,954 $ 8.94 667,479 $ 7.83 617,181 $ 7.05 Granted 109,500 23.65 93,511 17.15 90,050 13.54 Exercised (152,751 ) 7.19 (67,036 ) 9.36 (39,752 ) 8.94 Forfeited or expired 8,500 15.69 - - - - Outstanding at end of year 642,203 $ 11.77 5.9 years 693,954 $ 8.94 6.0 years 667,479 $ 7.83 6.2 years Options exercisable at year-end 399,256 $ 7.62 4.4 years 457,895 $ 6.74 4.9 years 432,055 $ 6.74 5.2 years Weighted average fair value of options granted during the year $ 10.96 $ 9.09 $ 7.21 Shares available for grant 454,765 155,767 249,267
Schedule of assumptions used	2016 2015 2014 Dividend yield - - - Expected life 7 years 7 years 7 years Expected volatility 43.22% 51.24% 49.90% Risk-free interest rate 1.65% 1.63% 2.29%
Summary of the status of the Company's nonvested restricted stock and changes	December 31, 2016 2015 2014 Restricted Shares Weighted Average Grant-Date Fair Value Restricted Shares Weighted Average Grant-Date Fair Value Restricted Shares Weighted Average Grant-Date Fair Value Nonvested at beginning of year 33,749 $ 12.92 49,000 $ 11.83 61,624 $ 11.46 Granted 22,000 23.91 3,000 20.65 4,500 14.15 Vested (17,749) 11.68 (18,251) 11.28 (17,124) 11.09 Forfeited (1,875) 14.72 - - - - Nonvested at end of year 36,125 $ 20.13 33,749 $ 12.92 49,000 $ 11.83

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2016
Regulatory Matters [Abstract]
Summary of capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements	Actual For capital adequacy purposes minimum To be well capitalized under prompt corrective action provisions minimum (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016 The Bank Total Capital (to risk weighted assets) $132,839 11.69% 90,910 8.00% 113,628 10.00% Tier 1 Capital (to risk weighted assets) 118,626 10.44% 68,183 6.00% 90,910 8.00% Common Equity Tier 1 Capital (to risk weighted assets) 118,626 10.44% 51,137 4.50% 73,864 6.50% Tier 1 Capital (to average assets) 118,626 9.08% 52,273 4.00% 65,342 5.00% The Company Total Capital (to risk weighted assets) 137,588 12.11% 90,910 8.00% n/a n/a Tier 1 Capital (to risk weighted assets) 123,375 10.86% 68,183 6.00% n/a n/a Common Equity Tier 1 Capital (to risk weighted assets) 110,375 9.71% 51,137 4.50% n/a n/a Tier 1 Capital (to average assets) 123,375 9.42% 52,392 4.00% n/a n/a Actual For capital adequacy purposes minimum To be well capitalized under prompt corrective action provisions minimum (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015 The Bank Total Capital (to risk weighted assets) $116,992 11.67% 80,166 8.00% 100,208 10.00% Tier 1 Capital (to risk weighted assets) 104,452 10.42% 60,125 6.00% 80,166 8.00% Common Equity Tier 1 Capital (to risk weighted assets) 104,452 10.42% 45,094 4.50% 65,135 6.50% Tier 1 Capital (to average assets) 104,452 8.57% 48,753 4.00% 60,941 5.00% The Company Total Capital (to risk weighted assets) 119,783 11.95% 80,166 8.00% n/a n/a Tier 1 Capital (to risk weighted assets) 107,243 10.70% 60,125 6.00% n/a n/a Common Equity Tier 1 Capital (to risk weighted assets) 94,243 9.40% 45,094 4.50% n/a n/a Tier 1 Capital (to average assets) 107,243 8.78% 48,876 6.00% n/a n/a

Reportable Segments (Tables)

Reportable Segments (Tables)	12 Months Ended
	Dec. 31, 2016
Reportable Segments [Abstract]
Schedule of financial information for each reportable segment	Year ended December 31, 2016 (dollars in thousands) Commercial Mortgage Corporate Eliminations Consolidated Interest income $ 50,851 340 2 (2) 51,191 Interest expense 7,792 - 402 (2) 8,192 Net interest income (loss) 43,059 340 (400) - 42,999 Provision for loan losses 2,300 - - - 2,300 Noninterest income 4,009 6,837 - - 10,846 Noninterest expense 26,482 4,451 243 - 31,176 Net income (loss) before taxes 18,286 2,726 (643) - 20,369 Income tax (provision) benefit (6,496) (1,009) 172 - (7,333) Net income (loss) $ 11,790 1,717 (471) - 13,036 Total assets $ 1,331,224 6,477 123,279 (120,072) 1,340,908

Parent Company Financial Info50

Parent Company Financial Information (Tables)	12 Months Ended
	Dec. 31, 2016
Parent Company Financial Information [Abstract]
Schedule of condensed financial information of Southern First Bancshares, Inc. (parent company only)	Condensed Balance Sheets December 31, (dollars in thousands) 2016 2015 Assets Cash and cash equivalents $ 1,949 442 Investment in subsidiaries 118,526 104,851 Other assets 2,804 2,355 Total assets $ 123,279 107,648 Liabilities and Shareholders’ Equity Accounts payable and accrued expenses $ 4 5 Junior subordinated debentures 13,403 13,403 Shareholders’ equity 109,872 94,240 Total liabilities and shareholders’ equity $ 123,279 107,648 Condensed Statements of Income For the years ended December 31, 2016 2015 2014 Revenues Interest income $ 2 4 6 Total revenue 2 4 6 Expenses Interest expense 402 349 420 Other expenses 243 829 630 Total expenses 645 1,178 1,050 Income tax benefit 172 212 234 Loss before equity in undistributed net income of subsidiaries (471) (962) (810) Equity in undistributed net income of subsidiaries 13,507 11,129 7,435 Net income $ 13,036 10,167 6,625 Condensed Statements of Cash Flows For the years ended December 31, 2016 2015 2014 Operating activities Net income $ 13,036 10,167 6,625 Adjustments to reconcile net income to net cash used for operating activities Equity in undistributed net income of subsidiaries (13,507 ) (11,129 ) (7,435 ) Compensation expense related to stock options and restricted stock grants 1,998 759 629 Increase in other assets (449 ) (192 ) (287 ) Decrease in accounts payable and accrued expenses (1 ) - (11 ) Net cash provided by (used for) operating activities 1,077 (395 ) (479 ) Investing activities Investment in subsidiaries, net (668 ) (2,250 ) (4,100 ) Net cash used for investing activities (668 ) (2,250 ) (4,100 ) Financing activities Decrease in note payable - - (1,400 ) Cash dividend on preferred stock - - (1,010 ) Redemption of preferred stock - - (15,299 ) Issuance of common stock - - 24,376 Cash in lieu of fractional shares - - - Proceeds from the exercise of stock options and warrants 1,098 628 356 Net cash provided by financing activities 1,098 628 7,023 Net increase (decrease) in cash and cash equivalents 1,507 (2,017 ) 2,444 Cash and cash equivalents, beginning of year 442 2,459 15 Cash and cash equivalents, end of year $ 1,949 442 2,459

Selected Condensed Quarterly 51

Selected Condensed Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Selected Condensed Quarterly Financial Data (Unaudited) [Abstract]
Summary of selected quarterly financial information	2016 For the quarters ended (dollars in thousands, except share data) March 31 June 30 September 30 December 31 Interest income $ 12,329 12,503 12,912 13,447 Interest expense 2,022 1,990 2,032 2,148 Net interest income 10,307 10,513 10,880 11,299 Provision for loan losses 625 575 825 275 Noninterest income 2,559 3,146 3,017 2,124 Noninterest expenses 7,517 7,853 7,800 8,006 Income before income tax expense 4,724 5,231 5,272 5,142 Income tax expense 1,718 1,925 1,839 1,851 Net income available to common shareholders $ 3,006 3,306 3,433 3,291 Earnings per common share Basic $ 0.48 0.53 0.54 0.52 Diluted $ 0.45 0.49 0.51 0.49 Weighted average common shares outstanding Basic 6,272,847 6,301,853 6,322,073 6,375,842 Diluted 6,634,432 6,702,820 6,740,751 6,775,729 2015 For the quarters ended March 31 June 30 September 30 December 31 Interest income $ 10,801 11,316 11,766 12,147 Interest expense 1,731 1,825 1,928 2,016 Net interest income 9,070 9,491 9,838 10,131 Provision for loan losses 625 1,000 875 700 Noninterest income 2,141 2,115 2,124 2,036 Noninterest expenses 7,461 6,646 6,871 7,231 Income before income tax expense 3,125 3,960 4,216 4,236 Income tax expense 1,097 1,400 1,489 1,383 Net income available to common shareholders $ 2,028 2,560 2,727 2,853 Earnings per common share Basic $ 0.33 0.41 0.44 0.46 Diluted $ 0.31 0.39 0.41 0.43 Weighted average common shares outstanding Basic 6,189,477 6,187,720 6,205,877 6,234,490 Diluted 6,514,873 6,533,658 6,579,448 6,613,685

Summary of Significant Accoun52

Summary of Significant Accounting Policies and Activities (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Summary of Significant Accounting Policies and Activities (Textual)
Real estate loan percentage of total loan	81.10%	81.40%
Cash and cash equivalents	$ 5,000,000	$ 5,000,000
Investment in Trusts	$ 403,000

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Available for sale
Total investment securities available for sale, Amortized Cost	$ 65,244	$ 89,945
Total investment securities available for sale, Gross Unrealized Gains	163	717
Total investment securities available for sale, Gross Unrealized Losses	927	723
Available-for-sale securities, investment securities, Fair Value	64,480	89,939
US government agencies [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	6,271	14,711
Total investment securities available for sale, Gross Unrealized Gains	1	1
Total investment securities available for sale, Gross Unrealized Losses	113	113
Available-for-sale securities, investment securities, Fair Value	6,159	14,599
SBA securities [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	1,453	6,410
Total investment securities available for sale, Gross Unrealized Gains
Total investment securities available for sale, Gross Unrealized Losses	16	133
Available-for-sale securities, investment securities, Fair Value	1,437	6,277
State and political subdivisions [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	20,625	21,771
Total investment securities available for sale, Gross Unrealized Gains	141	525
Total investment securities available for sale, Gross Unrealized Losses	292	37
Available-for-sale securities, investment securities, Fair Value	20,474	22,259
Mortgage-backed securities [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	36,895	47,053
Total investment securities available for sale, Gross Unrealized Gains	21	191
Total investment securities available for sale, Gross Unrealized Losses	506	440
Available-for-sale securities, investment securities, Fair Value	36,410	46,804
Mortgage-backed securities [Member] | FHLMC [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	10,922	12,983
Total investment securities available for sale, Gross Unrealized Gains		4
Total investment securities available for sale, Gross Unrealized Losses	185	148
Available-for-sale securities, investment securities, Fair Value	10,737	12,839
Mortgage-backed securities [Member] | FNMA [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	24,827	34,008
Total investment securities available for sale, Gross Unrealized Gains	19	181
Total investment securities available for sale, Gross Unrealized Losses	277	292
Available-for-sale securities, investment securities, Fair Value	24,569	33,897
Mortgage-backed securities [Member] | GNMA [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	1,146	62
Total investment securities available for sale, Gross Unrealized Gains	2	6
Total investment securities available for sale, Gross Unrealized Losses	44
Available-for-sale securities, investment securities, Fair Value	$ 1,104	$ 68

Investment Securities (Details

Investment Securities (Details 1) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Summary of amortized costs and fair values of investment securities available for sale by contractual maturity
Due within one year, Amortized Cost
Due after one through five years, Amortized Cost	3,303	4,638
Due after five through ten years, Amortized Cost	26,234	30,605
Due after ten years, Amortized Cost	35,707	54,702
Available for sale, Amortized Cost	65,244	89,945
Due within one year, Fair Value
Due after one through five years, Fair Value	3,268	4,613
Due after five through ten years, Fair Value	25,976	30,784
Due after ten years, Fair Value	35,236	54,542
Available for sale, Fair Value	$ 64,480	$ 89,939

Investment Securities (Detail55

Investment Securities (Details 2) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Investment	Dec. 31, 2015USD ($)Investment
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months | Investment	63	43
Available-for-sale Securities, Less than 12 months, Fair Value	$ 47,809	$ 56,846
Available-for-sale Securities, Less than 12 months, Unrealized losses	$ 897	$ 570
Number of investments, 12 months or longer | Investment	2	5
Available-for-sale Securities, 12 months or longer, Fair Value	$ 3,991	$ 5,911
Available-for-sale Securities, 12 months or Longer, Unrealized losses	$ 30	$ 153
Number of investments, Total | Investment	65	48
Available-for-sale Securities, Fair Value, Total	$ 51,800	$ 62,757
Available-for-sale Securities, Unrealized Losses, Total	$ 927	$ 723
US government agencies [Member]
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months | Investment	5	9
Available-for-sale Securities, Less than 12 months, Fair Value	$ 5,144	$ 12,853
Available-for-sale Securities, Less than 12 months, Unrealized losses	$ 113	$ 113
Number of investments, 12 months or longer | Investment
Available-for-sale Securities, 12 months or longer, Fair Value
Available-for-sale Securities, 12 months or Longer, Unrealized losses
Number of investments, Total | Investment	5	9
Available-for-sale Securities, Fair Value, Total	$ 5,144	$ 12,853
Available-for-sale Securities, Unrealized Losses, Total	$ 113	$ 113
SBA securities [Member]
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months | Investment	1
Available-for-sale Securities, Less than 12 months, Fair Value	$ 1,437
Available-for-sale Securities, Less than 12 months, Unrealized losses	$ 16
Number of investments, 12 months or longer | Investment		2
Available-for-sale Securities, 12 months or longer, Fair Value		$ 4,691
Available-for-sale Securities, 12 months or Longer, Unrealized losses		$ 133
Number of investments, Total | Investment	1	2
Available-for-sale Securities, Fair Value, Total	$ 1,437	$ 4,691
Available-for-sale Securities, Unrealized Losses, Total	$ 16	$ 133
State and political subdivisions [Member]
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months | Investment	32	7
Available-for-sale Securities, Less than 12 months, Fair Value	$ 13,936	$ 3,125
Available-for-sale Securities, Less than 12 months, Unrealized losses	$ 292	$ 17
Number of investments, 12 months or longer | Investment		3
Available-for-sale Securities, 12 months or longer, Fair Value		$ 1,220
Available-for-sale Securities, 12 months or Longer, Unrealized losses		$ 20
Number of investments, Total | Investment	32	10
Available-for-sale Securities, Fair Value, Total	$ 13,936	$ 4,345
Available-for-sale Securities, Unrealized Losses, Total	$ 292	$ 37
Mortgage-backed [Member] | FHLMC [Member]
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months | Investment	10	9
Available-for-sale Securities, Less than 12 months, Fair Value	$ 10,737	$ 12,160
Available-for-sale Securities, Less than 12 months, Unrealized losses	$ 185	$ 148
Number of investments, 12 months or longer | Investment
Available-for-sale Securities, 12 months or longer, Fair Value
Available-for-sale Securities, 12 months or Longer, Unrealized losses
Number of investments, Total | Investment	10	9
Available-for-sale Securities, Fair Value, Total	$ 10,737	$ 12,160
Available-for-sale Securities, Unrealized Losses, Total	$ 185	$ 148
Mortgage-backed [Member] | FNMA [Member]
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months | Investment	14	18
Available-for-sale Securities, Less than 12 months, Fair Value	$ 15,478	$ 28,708
Available-for-sale Securities, Less than 12 months, Unrealized losses	$ 247	$ 292
Number of investments, 12 months or longer | Investment	2
Available-for-sale Securities, 12 months or longer, Fair Value	$ 3,991
Available-for-sale Securities, 12 months or Longer, Unrealized losses	$ 30
Number of investments, Total | Investment	16	18
Available-for-sale Securities, Fair Value, Total	$ 19,469	$ 28,708
Available-for-sale Securities, Unrealized Losses, Total	$ 277	$ 292
Mortgage-backed [Member] | GNMA [Member]
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months | Investment	1
Available-for-sale Securities, Less than 12 months, Fair Value	$ 1,077
Available-for-sale Securities, Less than 12 months, Unrealized losses	$ 44
Number of investments, 12 months or longer | Investment
Available-for-sale Securities, 12 months or longer, Fair Value
Available-for-sale Securities, 12 months or Longer, Unrealized losses
Number of investments, Total | Investment	1
Available-for-sale Securities, Fair Value, Total	$ 1,077
Available-for-sale Securities, Unrealized Losses, Total	$ 44

Investment Securities (Detail56

Investment Securities (Details 3) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Other investments
Federal Home Loan Bank stock	$ 5,173	$ 5,005
Other investments	166	124
Investment in Trust Preferred subsidiaries	403	403
Total other investments	$ 5,742	$ 5,532

Investment Securities (Detail57

Investment Securities (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Investment	Dec. 31, 2015USD ($)Investment	Dec. 31, 2014USD ($)	Jun. 30, 2015USD ($)
Investment Securities (Textual)
Sale of investment securities	$ 33,500
Gain on sale of investment securities	$ 431	$ 297	$ 230
Sale of mortgage-backed securities and state and municipal obligations		$ 10,100
Investment securities sold reinvested				$ 4,300
Number of investments, Less than 12 months | Investment	63	43
Fair market value, less than 12 months	$ 47,800
Number of investments, 12 months or longer | Investment	2	5
Fair market value,12 months or longer	$ 4,000
Securities pledged as collateral for repurchase agreements from brokers	21,000	$ 21,300
Securities pledged to secure client deposit	$ 21,100	$ 11,100

Mortgage Loans Held for Sale (D

Mortgage Loans Held for Sale (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Mortgage Loans Held for Sale (Textual)
Mortgage loans held for sale, fair value	$ 7.8	$ 4.9

Loans and Allowance for Loan 59

Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Composition of loan portfolio
Total gross loans, net of deferred fees	$ 1,163,644	$ 1,004,944
Less allowance for loan losses	(14,855)	(13,629)
Total loans, net	$ 1,148,789	$ 991,315
Total gross loans, net of deferred fees, (Percentage)	100.00%	100.00%
Commercial [Member]
Composition of loan portfolio
Total gross loans, net of deferred fees	$ 761,457	$ 655,181
Total gross loans, net of deferred fees, (Percentage)	65.50%	65.20%
Commercial [Member] | Owner occupied RE [Member]
Composition of loan portfolio
Total gross loans, net of deferred fees	$ 285,938	$ 236,083
Total gross loans, net of deferred fees, (Percentage)	24.60%	23.50%
Commercial [Member] | Non-owner occupied RE [Member]
Composition of loan portfolio
Total gross loans, net of deferred fees	$ 239,574	$ 205,604
Total gross loans, net of deferred fees, (Percentage)	20.60%	20.50%
Commercial [Member] | Construction [Member]
Composition of loan portfolio
Total gross loans, net of deferred fees	$ 33,393	$ 41,751
Total gross loans, net of deferred fees, (Percentage)	2.90%	4.10%
Commercial [Member] | Business [Member]
Composition of loan portfolio
Total gross loans, net of deferred fees	$ 202,552	$ 171,743
Total gross loans, net of deferred fees, (Percentage)	17.40%	17.10%
Consumer [Member]
Composition of loan portfolio
Total gross loans, net of deferred fees	$ 402,187	$ 349,763
Total gross loans, net of deferred fees, (Percentage)	34.50%	34.80%
Consumer [Member] | Residential [Member]
Composition of loan portfolio
Total gross loans, net of deferred fees	$ 215,588	$ 174,802
Total gross loans, net of deferred fees, (Percentage)	18.50%	17.40%
Consumer [Member] | Home equity [Member]
Composition of loan portfolio
Total gross loans, net of deferred fees	$ 137,105	$ 116,563
Total gross loans, net of deferred fees, (Percentage)	11.80%	11.60%
Consumer [Member] | Construction [Member]
Composition of loan portfolio
Total gross loans, net of deferred fees	$ 31,922	$ 43,318
Total gross loans, net of deferred fees, (Percentage)	2.70%	4.30%
Consumer [Member] | Other [Member]
Composition of loan portfolio
Total gross loans, net of deferred fees	$ 17,572	$ 15,080
Total gross loans, net of deferred fees, (Percentage)	1.50%	1.50%

Loans and Allowance for Loan 60

Loans and Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Composition of gross loans by rate type
Variable rate loans	$ 290,462	$ 254,749
Fixed rate loans	873,182	750,195
Total gross loans, net of deferred fees	$ 1,163,644	$ 1,004,944

Loans and Allowance for Loan 61

Loans and Allowance for Loan Losses (Details 2) - Commercial [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	$ 757,063	$ 649,174
30-59 days past due	2,404	205
60-89 days past due	313	1,513
Greater than 90 days	1,677	4,289
Total commercial loans	761,457	655,181
Owner occupied RE [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	284,700	235,795
30-59 days past due	981
60-89 days past due	257	43
Greater than 90 days		245
Total commercial loans	285,938	236,083
Non-owner occupied RE [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	238,346	201,381
30-59 days past due
60-89 days past due	56	1,452
Greater than 90 days	1,172	2,771
Total commercial loans	239,574	205,604
Construction [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	33,393	41,354
30-59 days past due
60-89 days past due
Greater than 90 days		397
Total commercial loans	33,393	41,751
Business [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	200,624	170,644
30-59 days past due	1,423	205
60-89 days past due		18
Greater than 90 days	505	876
Total commercial loans	$ 202,552	$ 171,743

Loans and Allowance for Loan 62

Loans and Allowance for Loan Losses (Details 3) - Commercial Loans [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	$ 761,457	$ 655,181
Owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	285,938	236,083
Non-owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	239,574	205,604
Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	33,393	41,751
Business [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	202,552	171,743
Pass [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	743,922	630,202
Pass [Member] | Owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	282,055	230,640
Pass [Member] | Non-owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	234,957	198,144
Pass [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	33,393	39,678
Pass [Member] | Business [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	193,517	161,920
Special Mention [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	4,561	11,258
Special Mention [Member] | Owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	1,097	3,887
Special Mention [Member] | Non-owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	975	1,574
Special Mention [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans		286
Special Mention [Member] | Business [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	2,489	5,511
Substandard [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	12,974	13,721
Substandard [Member] | Owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	2,786	1,736
Substandard [Member] | Non-owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	3,642	5,886
Substandard [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans		1,787
Substandard [Member] | Business [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	6,546	4,312
Doubtful [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Doubtful [Member] | Owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Doubtful [Member] | Non-owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Doubtful [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Doubtful [Member] | Business [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans

Loans and Allowance for Loan 63

Loans and Allowance for Loan Losses (Details 4) - Consumer [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	$ 400,215	$ 349,133
30-59 days past due	1,377	333
60-89 days past due	288	39
Greater than 90 days	307	258
Total consumer loans	402,187	349,763
Real estate [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	214,228	174,576
30-59 days past due	1,041	187
60-89 days past due	282	39
Greater than 90 days	37
Total consumer loans	215,588	174,802
Home equity [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	136,638	116,305
30-59 days past due	210
60-89 days past due
Greater than 90 days	257	258
Total consumer loans	137,105	116,563
Construction [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	31,922	43,258
30-59 days past due		60
60-89 days past due
Greater than 90 days
Total consumer loans	31,922	43,318
Other [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	17,427	14,994
30-59 days past due	126	86
60-89 days past due	6
Greater than 90 days	13
Total consumer loans	$ 17,572	$ 15,080

Loans and Allowance for Loan 64

Loans and Allowance for Loan Losses (Details 5) - Consumer Loans [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	$ 402,187	$ 349,763
Real estate [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	215,588	174,802
Home equity [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	137,105	116,563
Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	31,922	43,318
Other [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	17,572	15,080
Pass [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	395,094	341,955
Pass [Member] | Real estate [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	211,563	172,589
Pass [Member] | Home equity [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	134,124	112,080
Pass [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	31,922	42,319
Pass [Member] | Other [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	17,485	14,967
Special mention [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	3,189	4,394
Special mention [Member] | Real estate [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	1,064	961
Special mention [Member] | Home equity [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	2,109	3,388
Special mention [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Special mention [Member] | Other [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	16	45
Substandard [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	3,904	3,414
Substandard [Member] | Real estate [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	2,961	1,252
Substandard [Member] | Home equity [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	872	1,095
Substandard [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans		999
Substandard [Member] | Other [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	71	68
Doubtful [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Doubtful [Member] | Real estate [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Doubtful [Member] | Home equity [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Doubtful [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Doubtful [Member] | Other [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Loss [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Loss [Member] | Real estate [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Loss [Member] | Home equity [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Loss [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Loss [Member] | Other [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans

Loans and Allowance for Loan 65

Loans and Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Summary of nonperforming assets
Nonaccruing troubled debt restructurings	$ 990	$ 701
Total nonaccrual loans, including nonaccruing TDRs	5,482	6,617
Other real estate owned	639	2,475	$ 3,307
Total nonperforming assets	$ 6,121	$ 9,092
Nonperforming assets as a percentage of:
Total assets	0.46%	0.75%
Gross loans	0.53%	0.90%
Total loans over 90 days past due	$ 1,984	$ 4,547
Loans over 90 days past due and still accruing
Accruing TDRs	5,675	7,266
Commercial [Member] | Owner occupied RE [Member]
Summary of nonperforming assets
Total nonaccrual loans, including nonaccruing TDRs	276	704
Commercial [Member] | Non-owner occupied RE [Member]
Summary of nonperforming assets
Total nonaccrual loans, including nonaccruing TDRs	2,711	4,170
Commercial [Member] | Construction [Member]
Summary of nonperforming assets
Total nonaccrual loans, including nonaccruing TDRs
Commercial [Member] | Business [Member]
Summary of nonperforming assets
Total nonaccrual loans, including nonaccruing TDRs	686	779
Consumer [Member] | Real estate [Member]
Summary of nonperforming assets
Total nonaccrual loans, including nonaccruing TDRs	550
Consumer [Member] | Home equity [Member]
Summary of nonperforming assets
Total nonaccrual loans, including nonaccruing TDRs	256	258
Consumer [Member] | Construction [Member]
Summary of nonperforming assets
Total nonaccrual loans, including nonaccruing TDRs
Consumer [Member] | Other [Member]
Summary of nonperforming assets
Total nonaccrual loans, including nonaccruing TDRs	$ 13	$ 5

Loans and Allowance for Loan 66

Loans and Allowance for Loan Losses (Details 7) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Summary of key information for impaired loans
Unpaid Principal Balance	$ 15,542	$ 18,301
Impaired Loans	11,157	13,883
Impaired loans with related allowance for loan losses	7,492	9,363
Related allowance for loan losses	2,644	4,224
Commercial [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	13,221	16,719
Impaired Loans	8,867	12,303
Impaired loans with related allowance for loan losses	5,472	8,357
Related allowance for loan losses	1,874	3,544
Commercial [Member] | Owner occupied RE [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	2,284	964
Impaired Loans	2,243	863
Impaired loans with related allowance for loan losses	2,224	863
Related allowance for loan losses	263	260
Commercial [Member] | Non-owner occupied RE [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	7,238	9,144
Impaired Loans	4,031	5,792
Impaired loans with related allowance for loan losses	1,638	4,161
Related allowance for loan losses	457	1,321
Commercial [Member] | Construction [Member]
Summary of key information for impaired loans
Unpaid Principal Balance		1,855
Impaired Loans		1,787
Impaired loans with related allowance for loan losses		397
Related allowance for loan losses		31
Commercial [Member] | Business [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	3,699	4,756
Impaired Loans	2,593	3,861
Impaired loans with related allowance for loan losses	1,610	2,936
Related allowance for loan losses	1,154	1,932
Consumer [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	2,321	1,582
Impaired Loans	2,290	1,580
Impaired loans with related allowance for loan losses	2,020	1,006
Related allowance for loan losses	770	680
Consumer [Member] | Real estate [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	1,853	1,121
Impaired Loans	1,843	1,121
Impaired loans with related allowance for loan losses	1,843	805
Related allowance for loan losses	682	489
Consumer [Member] | Home equity [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	207	260
Impaired Loans	257	258
Impaired loans with related allowance for loan losses
Related allowance for loan losses
Consumer [Member] | Construction [Member]
Summary of key information for impaired loans
Unpaid Principal Balance
Impaired Loans
Impaired loans with related allowance for loan losses
Related allowance for loan losses
Consumer [Member] | Other [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	261	201
Impaired Loans	190	201
Impaired loans with related allowance for loan losses	177	201
Related allowance for loan losses	$ 88	$ 191

Loans and Allowance for Loan 67

Loans and Allowance for Loan Losses (Details 8) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	$ 11,556	$ 14,548	$ 16,387
Recognized interest income	536	416	456
Commercial [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	9,242	12,976	13,760
Recognized interest income	447	356	380
Commercial [Member] | Owner occupied RE [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	2,263	884	1,568
Recognized interest income	112	6	47
Commercial [Member] | Non-owner occupied RE [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	4,106	6,137	5,693
Recognized interest income	200	128	104
Commercial [Member] | Construction [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment		1,888	1,977
Recognized interest income		74	75
Commercial [Member] | Business [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	2,873	4,067	4,522
Recognized interest income	135	148	154
Consumer [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	2,314	1,572	2,627
Recognized interest income	89	60	76
Consumer [Member] | Real estate [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	1,854	1,112	2,094
Recognized interest income	81	46	53
Consumer [Member] | Home equity [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	257	252	251
Recognized interest income	2	7	10
Consumer [Member] | Construction [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment
Recognized interest income
Consumer [Member] | Other [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	203	208	282
Recognized interest income	$ 6	$ 7	$ 13

Loans and Allowance for Loan 68

Loans and Allowance for Loan Losses (Details 9) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Summary of activity related to our allowance for loan losses
Balance, beginning of period				$ 13,629				$ 11,752	$ 13,629	$ 11,752	$ 10,213
Provision for loan losses	$ 275	$ 825	$ 575	625	$ 700	$ 875	$ 1,000	$ 625	2,300	3,200	4,175
Total loan charge-offs									(1,648)	(1,508)	(2,887)
Loan recoveries									574	185	251
Net loan charge-offs									(1,074)	(1,323)	(2,636)
Balance, end of period	14,855				13,629				14,855	13,629	11,752
Commercial [Member]
Summary of activity related to our allowance for loan losses
Balance, beginning of period				9,672					9,672
Total loan charge-offs									(1,178)	(1,237)	(2,714)
Loan recoveries									558	139	246
Balance, end of period	10,039				9,672				10,039	9,672
Commercial [Member] | Owner occupied RE [Member]
Summary of activity related to our allowance for loan losses
Total loan charge-offs									(5)	(48)
Loan recoveries
Commercial [Member] | Non-owner occupied RE [Member]
Summary of activity related to our allowance for loan losses
Total loan charge-offs									(100)	(258)	(2,069)
Loan recoveries									155	10	2
Commercial [Member] | Construction [Member]
Summary of activity related to our allowance for loan losses
Total loan charge-offs									(42)	(50)
Loan recoveries											127
Commercial [Member] | Business [Member]
Summary of activity related to our allowance for loan losses
Total loan charge-offs									(1,031)	(881)	(645)
Loan recoveries									403	129	117
Consumer [Member]
Summary of activity related to our allowance for loan losses
Balance, beginning of period				$ 3,957					3,957
Total loan charge-offs									(470)	(271)	(173)
Loan recoveries									16	46	5
Balance, end of period	$ 4,816				$ 3,957				4,816	3,957
Consumer [Member] | Real estate [Member]
Summary of activity related to our allowance for loan losses
Total loan charge-offs									(194)	(173)	(51)
Loan recoveries									10
Consumer [Member] | Home equity [Member]
Summary of activity related to our allowance for loan losses
Total loan charge-offs									(66)	(93)	(87)
Loan recoveries									1	46	5
Consumer [Member] | Construction [Member]
Summary of activity related to our allowance for loan losses
Total loan charge-offs
Loan recoveries
Consumer [Member] | Other [Member]
Summary of activity related to our allowance for loan losses
Total loan charge-offs									(210)	(5)	(35)
Loan recoveries									$ 5

Loans and Allowance for Loan 69

Loans and Allowance for Loan Losses (Details 10) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Summary of activity related to our allowance for loan losses
Balance, beginning of period				$ 13,629				$ 11,752	$ 13,629	$ 11,752	$ 10,213
Provision	$ 275	$ 825	$ 575	625	$ 700	$ 875	$ 1,000	625	2,300	3,200	4,175
Total loan charge-offs									(1,648)	(1,508)	(2,887)
Loan recoveries									574	185	251
Net loan charge-offs									(1,074)	(1,323)	(2,636)
Balance, end of period	14,855				13,629				14,855	13,629	11,752
Commercial Portfolio Segment [Member]
Summary of activity related to our allowance for loan losses
Balance, beginning of period				9,672				8,216	9,672	8,216
Provision									987	2,554
Total loan charge-offs									(1,178)	(1,237)
Loan recoveries									558	139
Net loan charge-offs									(620)	(1,098)
Balance, end of period	10,039				9,672				10,039	9,672	8,216
Consumer Portfolio Segment [Member]
Summary of activity related to our allowance for loan losses
Balance, beginning of period				3,957				3,536	3,957	3,536
Provision									1,313	646
Total loan charge-offs									(470)	(271)
Loan recoveries									16	46
Net loan charge-offs									(454)	(225)
Balance, end of period	4,816				3,957				4,816	3,957	3,536
Unallocated Financing Receivables [Member]
Summary of activity related to our allowance for loan losses
Balance, beginning of period
Provision
Total loan charge-offs
Loan recoveries
Net loan charge-offs
Balance, end of period

Loans and Allowance for Loan 70

Loans and Allowance for Loan Losses (Details 11) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance for loan losses and recorded investment in loans by impairment methodology
Allowance for loan losses, Individually evaluated	$ 2,644	$ 4,224
Recorded investment in loans, Individually evaluated	11,157	13,883
Allowance for loan losses, Collectively evaluated	12,211	9,405
Recorded investment in loans, Collectively evaluated	1,152,487	991,061
Allowance for loan losses, Total	14,855	13,629	$ 11,752	$ 10,213
Total gross loans, net of deferred fees	1,163,644	1,004,944
Commercial Loan [Member]
Allowance for loan losses and recorded investment in loans by impairment methodology
Allowance for loan losses, Individually evaluated	1,874	3,544
Recorded investment in loans, Individually evaluated	8,867	12,303
Allowance for loan losses, Collectively evaluated	8,165	6,128
Recorded investment in loans, Collectively evaluated	752,590	642,878
Allowance for loan losses, Total	10,039	9,672
Total gross loans, net of deferred fees	761,457	655,181
Consumer Loan [Member]
Allowance for loan losses and recorded investment in loans by impairment methodology
Allowance for loan losses, Individually evaluated	770	680
Recorded investment in loans, Individually evaluated	2,290	1,580
Allowance for loan losses, Collectively evaluated	4,046	3,277
Recorded investment in loans, Collectively evaluated	399,897	348,183
Allowance for loan losses, Total	4,816	3,957
Total gross loans, net of deferred fees	$ 402,187	$ 349,763

Loans and Allowance for Loan 71

Loans and Allowance for Loan Losses (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Loan and Allowance for Loan Losses (Textual)
Part of loans of 30 days or More past due as a percentage of total loan portfolio	0.55%	0.66%
Loans over 90 days past due and still accruing
Real estate loan percentage of total loan	81.10%	81.40%
Consumer loans percentage of total real estate loan	40.80%
Mortgage loan pledged as collateral for advances from FHLB	$ 396,000,000
Foregone interest income on non accrual loans	$ 439,000	$ 644,000
Loans which exceed supervision loan to value limits	Approximately $105.3 million, or 9.1% of our loans had loan-to-value ratios which exceeded regulatory supervisory limits.
Loan with loan to value ratio of greater than 100%	Which 93 loans totaling approximately $36.6 million had loan-to-value ratios of 100% or more.
Commercial loans percentage of total real estate loan	59.20%
Net of deferred loan fees and costs	$ 2,000,000	$ 1,700,000
Owner occupied RE [Member]
Loan and Allowance for Loan Losses (Textual)
Commercial loans percentage of total real estate loan	24.60%
Non-owner occupied RE [Member]
Loan and Allowance for Loan Losses (Textual)
Commercial loans percentage of total real estate loan	20.60%
Construction [Member]
Loan and Allowance for Loan Losses (Textual)
Commercial loans percentage of total real estate loan	2.90%
Commercial [Member]
Loan and Allowance for Loan Losses (Textual)
Part of loans of 30 days or More past due as a percentage of total loan portfolio	0.38%	0.60%
Consumer [Member]
Loan and Allowance for Loan Losses (Textual)
Part of loans of 30 days or More past due as a percentage of total loan portfolio	0.17%	0.06%

Troubled Debt Restructurings (D

Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Investment	Dec. 31, 2015USD ($)Investment
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed a concession	2	3
Reduced or deferred payments
Converted to interest only
Maturity date extensions		1
Total number of loans	2	4
Pre-modification outstanding recorded investment | $	$ 665	$ 532
Post-modification outstanding recorded investment | $	$ 666	$ 532
Commercial [Member] | Owner occupied RE [Member]
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed a concession	1
Reduced or deferred payments
Converted to interest only
Maturity date extensions
Total number of loans	1
Pre-modification outstanding recorded investment | $	$ 477
Post-modification outstanding recorded investment | $	$ 478
Commercial [Member] | Consumer RE [Member]
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed a concession	1
Reduced or deferred payments
Converted to interest only
Maturity date extensions
Total number of loans	1
Pre-modification outstanding recorded investment | $	$ 188
Post-modification outstanding recorded investment | $	$ 188
Commercial [Member] | Non-owner occupied RE [Member]
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed a concession		1
Reduced or deferred payments
Converted to interest only
Maturity date extensions		1
Total number of loans		2
Pre-modification outstanding recorded investment | $		$ 112
Post-modification outstanding recorded investment | $		$ 112
Commercial [Member] | Business [Member]
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed a concession		2
Reduced or deferred payments
Converted to interest only
Maturity date extensions
Total number of loans		2
Pre-modification outstanding recorded investment | $		$ 420
Post-modification outstanding recorded investment | $		$ 420

Troubled Debt Restructurings 73

Troubled Debt Restructurings (Details Textual)	12 Months Ended
	Dec. 31, 2016USD ($)Investment	Dec. 31, 2015USD ($)Investment
Troubled Debt Restructurings (Textual)
Total number of loans classified under troubled debt restructurings (TDRs)	17	29
Total sum of loans classified as troubled debt restructurings (TDRs) | $	$ 6,700,000	$ 8,000,000
Number of months previous loan payment defaulted	12 months	12 months
Commercial [Member]
Troubled Debt Restructurings (Textual)
Total number of loans added under troubled debt restructurings (TDRs)	1
Total sum of loans added as troubled debt restructurings (TDRs) | $	$ 629,000
Total number of loans removed under TDR	14
Total number of nonaccrual loans restored	3
Consumer [Member]
Troubled Debt Restructurings (Textual)
Total number of loans added under troubled debt restructurings (TDRs)	1
Total sum of loans added as troubled debt restructurings (TDRs) | $	$ 629,000
Total number of loans removed under TDR	14

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Components of property and equipment
Property and equipment, Gross	$ 37,736	$ 32,346
Accumulated depreciation	(9,374)	(8,161)
Total property and equipment	28,362	24,185
Land [Member]
Components of property and equipment
Property and equipment, Gross	6,827	6,827
Buildings [Member]
Components of property and equipment
Property and equipment, Gross	14,833	14,667
Leasehold Improvements [Member]
Components of property and equipment
Property and equipment, Gross	2,020	2,009
Furniture and equipment [Member]
Components of property and equipment
Property and equipment, Gross	7,410	7,033
Software [Member]
Components of property and equipment
Property and equipment, Gross	421	388
Construction in process [Member]
Components of property and equipment
Property and equipment, Gross	$ 6,225	$ 1,422

Property and Equipment (Detai75

Property and Equipment (Details 1)	12 Months Ended
	Dec. 31, 2016
Software [Member]
Schedule of estimated useful lives of property plant and equipment
Property and equipment, estimated useful life (in years)	3 years
Furniture and equipment [Member] | Minimum [Member]
Schedule of estimated useful lives of property plant and equipment
Property and equipment, estimated useful life (in years)	5 years
Furniture and equipment [Member] | Maximum [Member]
Schedule of estimated useful lives of property plant and equipment
Property and equipment, estimated useful life (in years)	7 years
Leasehold improvements [Member] | Minimum [Member]
Schedule of estimated useful lives of property plant and equipment
Property and equipment, estimated useful life (in years)	5 years
Leasehold improvements [Member] | Maximum [Member]
Schedule of estimated useful lives of property plant and equipment
Property and equipment, estimated useful life (in years)	15 years
Buildings [Member]
Schedule of estimated useful lives of property plant and equipment
Property and equipment, estimated useful life (in years)	40 years

Property and Equipment (Detai76

Property and Equipment (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property and Equipment (Textual)
Payments for construction process costs	$ 8	$ 8
Depreciation and amortization expense	$ 1.3	$ 1.3	$ 1.2

Other Real Estate Owned (Detail

Other Real Estate Owned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Summary of activity of real estate acquired in settlement of loans portion of other real estate owned
Balance, beginning of year	$ 2,475	$ 3,307
Additions	245	473
Sales	(1,615)	(368)
Write-downs, net	(466)	(937)
Balance, end of year	$ 639	$ 2,475

Other Real Estate Owned (Deta78

Other Real Estate Owned (Details Textual)	12 Months Ended
	Dec. 31, 2016USD ($)Properties	Dec. 31, 2015USD ($)Properties
Other Real Estate Owned (Textual)
Number of properties | Properties	8	10
Real estate acquired in settlement loans | $	$ 639,000	$ 2,500,000

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Details of the deposit accounts [Abstract]
Noninterest bearing	$ 235,538	$ 189,686
Interest bearing:
NOW accounts	234,949	194,835
Money market accounts	345,117	311,167
Savings	14,942	10,806
Time, less than $100,000	48,638	60,153
Time, $100,000 and over	211,967	219,086
Total deposits	$ 1,091,151	$ 985,733

Deposits (Details 1)

Deposits (Details 1) - Certificates of Deposit [Member] $ in Thousands	Dec. 31, 2016USD ($)
Scheduled maturities of certificates of deposit
2,017	$ 183,071
2,018	59,330
2,019	13,697
2,020	4,134
2021 and after	373
Certificates of deposit	$ 260,605

Deposits (Details Textual)

Deposits (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Deposits (Textual)
Time deposits greater $250,000	$ 153.7	$ 145.5
Time deposits obtained outside of primary market	59.1	58.9
Interest expense on time deposits greater than $100,000	$ 1.8	$ 1.7	$ 1.5

Federal Home Loan Bank Advanc82

Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Summary of the terms and maturities of advances of FHLB
Amount	$ 96,000	$ 96,000
Rate	3.41%	3.03%
Federal Home Loan Bank Advances [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Feb. 13, 2017	Feb. 13, 2017
Amount	$ 7,500	$ 7,500
Rate	4.38%	4.38%
Federal Home Loan Bank Advances one [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Apr. 18, 2017	Apr. 18, 2017
Amount	$ 7,000	$ 7,000
Rate	2.73%	2.17%
Federal Home Loan Bank Advances two [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Apr. 18, 2017	Apr. 18, 2017
Amount	$ 7,500	$ 7,500
Rate	2.91%	2.34%
Federal Home Loan Bank Advances three [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Apr. 19, 2017	Apr. 19, 2017
Amount	$ 20,000	$ 20,000
Rate	2.16%	1.60%
Federal Home Loan Bank Advances four [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Apr. 19, 2017	Apr. 19, 2017
Amount	$ 10,000	$ 10,000
Rate	2.54%	1.98%
Federal Home Loan Bank Advances five [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Jul. 11, 2017	Jul. 11, 2017
Amount	$ 9,000	$ 9,000
Rate	4.49%	4.49%
Federal Home Loan Bank Advances six [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Jul. 24, 2017	Jul. 24, 2017
Amount	$ 5,000	$ 5,000
Rate	4.25%	4.25%
Federal Home Loan Bank Advances seven [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Jan. 30, 2018	Jan. 30, 2018
Amount	$ 5,000	$ 5,000
Rate	3.57%	3.00%
Federal Home Loan Bank Advances eight [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Feb. 15, 2019	Feb. 15, 2019
Amount	$ 10,000	$ 10,000
Rate	4.47%	4.47%
Federal Home Loan Bank Advances nine [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Oct. 10, 2019	Oct. 10, 2019
Amount	$ 15,000	$ 15,000
Rate	4.06%	3.51%

Federal Home Loan Bank Advanc83

Federal Home Loan Bank Advances and Other Borrowings (Details 1) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Summary of terms and maturities of structured debt agreements
Amount	$ 19,200
Rate	3.26%
Structured debt agreements [Member]
Summary of terms and maturities of structured debt agreements
Maturity	Sep. 18, 2017
Amount	$ 10,000
Rate	3.63%
Structured debt agreements one [Member]
Summary of terms and maturities of structured debt agreements
Maturity	Dec. 17, 2017
Amount	$ 2,000
Rate	3.65%
Structured debt agreements two [Member]
Summary of terms and maturities of structured debt agreements
Maturity	Mar. 14, 2018
Amount	$ 3,600
Rate	2.75%
Structured debt agreements three [Member]
Summary of terms and maturities of structured debt agreements
Maturity	Sep. 15, 2018
Amount	$ 3,600
Rate	2.55%

Federal Home Loan Bank Advanc84

Federal Home Loan Bank Advances and Other Borrowings (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Agreements	Dec. 31, 2015USD ($)Investment
Federal Home Loan Bank Advances and Other Borrowings (Textual)
FHLB advances and other borrowings	$ 115,200	$ 115,200
FHLB advances	96,000	96,000
Outstanding amount	115,200	115,200
Securities sold under structured agreements to repurchase	19,200
FHLB advances are secured mortgage loans	396,000
FHLB stock	5,200
Amount of FHLB advances at fixed rates	$ 31,500
Percentage of FHLB advances at fixed rates	32.80%
Amount of FHLB advances at floating rates	$ 64,500
Percentage of FHLB advances at floating rates	67.20%
Structured debt agreements secured by investment securities	$ 21,000	$ 21,300
Number of structured debt agreements	4	4
Interest only line of credit	$ 10,000
Line of credit facility, maturity date	Jun. 6, 2017
LIBOR [Member]
Federal Home Loan Bank Advances and Other Borrowings (Textual)
Line of credit facility, Interest rate description	LIBOR plus 2.90
Floor [Member]
Federal Home Loan Bank Advances and Other Borrowings (Textual)
Line of credit, interest rate	3.25%
Ceiling [Member]
Federal Home Loan Bank Advances and Other Borrowings (Textual)
Line of credit, interest rate	5.15%

Junior Subordinated Debentures

Junior Subordinated Debentures (Details) - USD ($)	1 Months Ended		12 Months Ended
	Dec. 22, 2005	Jun. 26, 2003	Dec. 31, 2016	Dec. 31, 2015
Junior Subordinated Debentures (Textual)
Junior subordinated debentures			$ 13,403,000	$ 13,403,000
Dodd-Frank Act prohibits, Description			Dodd-Frank Act prohibit institutions that had more than $15 billion in assets on December 31, 2009 from including trust preferred securities as Tier 1 capital beginning in 2013, with one-third phased out over the two years ending in 2015. Financial institutions with less than $15 billion in total assets, such as the Bank, may continue to include their trust preferred securities issued prior to May 19, 2010 in Tier 1 capital, but cannot include in Tier 1 capital trust preferred securities issued after such date.
Greenville First Statutory Trust I [Member]
Junior Subordinated Debentures (Textual)
Amount of trust preferred securities issued at floating rate		$ 6,000,000
Maturity date of trust preferred securities		Jun. 26, 2033
Floating interest rate of trust preferred securities			4.10%
Indexed period of LIBOR rate			3-month
Proceeds from issuance trust preferred securities			$ 6,000,000
Initial proceeds from capital investment in trust			186,000
Junior subordinated debentures			$ 6,200,000
Greenville First Statutory Trust II [Member]
Junior Subordinated Debentures (Textual)
Amount of trust preferred securities issued at floating rate	$ 7,000,000
Maturity date of trust preferred securities	Dec. 22, 2035
Floating interest rate of trust preferred securities			2.44%
Indexed period of LIBOR rate			3-month
Proceeds from issuance trust preferred securities			$ 7,000,000
Initial proceeds from capital investment in trust			217,000
Junior subordinated debentures			$ 7,200,000

Unused Lines of Credit (Details

Unused Lines of Credit (Details) $ in Millions	Dec. 31, 2016USD ($)linesofcredit
Unused Lines of Credit (Textual)
Number of lines of credit | linesofcredit	3
Line of credit to purchase federal fund	$ 45
Additional borrowings under FHLB	$ 160.1

Derivative Financial Instrume87

Derivative Financial Instruments (Details) $ in Thousands	Dec. 31, 2016USD ($)
Mortgage loan interest rate lock commitments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative financial instruments, Notional amount	$ 17,986
Derivative Asset/(Liability), Fair Value	256
MBS forward sales commitments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative financial instruments, Notional amount	14,250
Derivative Asset/(Liability), Fair Value	(3)
Total derivative financial instruments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative financial instruments, Notional amount	32,236
Derivative Asset/(Liability), Fair Value	$ 253

Fair Value Accounting (Details)

Fair Value Accounting (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Securities available for sale:
Mortgage loans held for sale		$ 4,943
Fair Value, Measurements, Recurring [Member]
Securities available for sale:
US government agencies	$ 6,159	14,599
SBA securities	1,437	6,277
State and political subdivisions	20,474	22,259
Mortgage-backed securities	36,410	46,804
Mortgage loans held for sale	7,801
Interest rate lock commitments	256
Total assets measured at fair value on a recurring basis	72,537	89,939
Liabilities
MBS forward sales commitments	3
Total liabilities measured at fair value on a recurring basis	3
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Securities available for sale:
US government agencies
SBA securities
State and political subdivisions
Mortgage-backed securities
Mortgage loans held for sale
Interest rate lock commitments
Total assets measured at fair value on a recurring basis
Liabilities
MBS forward sales commitments
Total liabilities measured at fair value on a recurring basis
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Securities available for sale:
US government agencies	6,159	14,599
SBA securities	1,437	6,277
State and political subdivisions	20,474	22,259
Mortgage-backed securities	36,410	46,804
Mortgage loans held for sale	7,801
Interest rate lock commitments	256
Total assets measured at fair value on a recurring basis	72,537	89,939
Liabilities
MBS forward sales commitments	3
Total liabilities measured at fair value on a recurring basis	3
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Securities available for sale:
US government agencies
SBA securities
State and political subdivisions
Mortgage-backed securities
Mortgage loans held for sale
Interest rate lock commitments
Total assets measured at fair value on a recurring basis
Liabilities
MBS forward sales commitments
Total liabilities measured at fair value on a recurring basis

Fair Value Accounting (Details

Fair Value Accounting (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Impaired loans	$ 8,513	$ 9,659
Other real estate owned	639	2,475
Total assets measured at fair value on a nonrecurring basis	9,152	12,134
Level 1 [Member]
Assets
Impaired loans
Other real estate owned
Total assets measured at fair value on a nonrecurring basis
Level 2 [Member]
Assets
Impaired loans	4,075	9,102
Other real estate owned	526	2,208
Total assets measured at fair value on a nonrecurring basis	4,601	11,310
Level 3 [Member]
Assets
Impaired loans	4,438	557
Other real estate owned	113	267
Total assets measured at fair value on a nonrecurring basis	$ 4,551	$ 824

Fair Value Accounting (Detail90

Fair Value Accounting (Details 2)	12 Months Ended
	Dec. 31, 2016
Impaired loans [Member]
Schedule of unobservable inputs used in the fair value measurements
Valuation Technique	Appraised Value/ Discounted Cash Flows
Significant Unobservable Inputs	Discounts to appraisals or cash flows for estimated holding and/or selling costs or age of appraisal
Impaired loans [Member] | Maximum [Member]
Schedule of unobservable inputs used in the fair value measurements
Range of Inputs	25.00%
Impaired loans [Member] | Minimum [Member]
Schedule of unobservable inputs used in the fair value measurements
Range of Inputs	0.00%
Other real estate owned [Member]
Schedule of unobservable inputs used in the fair value measurements
Valuation Technique	Appraised Value/ Comparable Sales
Significant Unobservable Inputs	Discounts to appraisals for estimated holding or selling costs
Other real estate owned [Member] | Maximum [Member]
Schedule of unobservable inputs used in the fair value measurements
Range of Inputs	25.00%
Other real estate owned [Member] | Minimum [Member]
Schedule of unobservable inputs used in the fair value measurements
Range of Inputs	0.00%

Fair Value Accounting (Detail91

Fair Value Accounting (Details 3) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financial Assets:
Other investments, at cost, Carrying Amount	$ 5,742	$ 5,532
Mortgage loans held for sale, Carrying Amount	7,801	4,943
Loans, net, Carrying Amount	1,148,789	991,315
Other investments, at cost, Fair Value	5,742	5,532
Mortgage loans held for sale, Fair Value		4,943
Loans, net, Fair Value	1,149,527	992,379
Financial Liabilities:
Deposits, Carrying Amount	1,091,151	985,733
FHLB and other borrowings, Carrying Amount	115,200	115,200
Junior subordinated debentures, Carrying Amount	13,403	13,403
Deposits, Fair Value	1,004,923	918,303
FHLB and other borrowings, Fair Value	115,825	117,317
Junior subordinated debentures, Fair Value	12,026	11,511
Level 1 [Member] | Estimate of Fair Value [Member]
Financial Assets:
Other investments, at cost, Fair Value
Mortgage loans held for sale, Fair Value
Loans, net, Fair Value
Financial Liabilities:
Deposits, Fair Value
FHLB and other borrowings, Fair Value
Junior subordinated debentures, Fair Value
Level 2 [Member] | Estimate of Fair Value [Member]
Financial Assets:
Other investments, at cost, Fair Value
Mortgage loans held for sale, Fair Value		4,943
Loans, net, Fair Value	4,075	9,102
Financial Liabilities:
Deposits, Fair Value	1,004,923	918,303
FHLB and other borrowings, Fair Value	115,825	117,317
Junior subordinated debentures, Fair Value	12,026	11,511
Level 3 [Member] | Estimate of Fair Value [Member]
Financial Assets:
Other investments, at cost, Fair Value	5,742	5,532
Mortgage loans held for sale, Fair Value
Loans, net, Fair Value	1,145,452	983,277
Financial Liabilities:
Deposits, Fair Value
FHLB and other borrowings, Fair Value
Junior subordinated debentures, Fair Value

Fair Value Accounting (Detail92

Fair Value Accounting (Details Textual)	12 Months Ended
	Dec. 31, 2016
Fair Value Accounting (Textual)
Percentage of loans collateralize by real estate	More than 80%.

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Numerator:
Net income									$ 13,036	$ 10,167	$ 6,625
Less: Preferred stock dividends											915
Net income available to common shareholders	$ 3,291	$ 3,433	$ 3,306	$ 3,006	$ 2,853	$ 2,727	$ 2,560	$ 2,028	$ 13,036	$ 10,167	$ 5,710
Denominator:
Weighted-average common shares outstanding - basic	6,375,842	6,322,073	6,301,853	6,272,847	6,234,490	6,205,877	6,187,720	6,189,477	6,318,322	6,204,518	4,980,595
Common stock equivalents									402,566	356,221	218,781
Weighted-average common shares outstanding - diluted	6,775,729	6,740,751	6,702,820	6,634,432	6,613,685	6,579,448	6,533,658	6,514,873	6,720,888	6,560,739	5,199,376
Earnings per common share:
Basic	$ 0.52	$ 0.54	$ 0.53	$ 0.48	$ 0.46	$ 0.44	$ 0.41	$ 0.33	$ 2.06	$ 1.64	$ 1.15
Diluted	$ 0.49	$ 0.51	$ 0.49	$ 0.45	$ 0.43	$ 0.41	$ 0.39	$ 0.31	$ 1.94	$ 1.55	$ 1.10

Earnings Per Common Share (De94

Earnings Per Common Share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Common Share (Textual)
Antidilutive securities excluded from computation of earnings per share, amount	108,315	93,500	109,303

Commitments and Contingencies95

Commitments and Contingencies (Details) $ in Thousands	Dec. 31, 2016USD ($)
Summary of estimated future minimum lease payments under noncancelable operating leases
2,017	$ 1,101
2,018	1,333
2,019	1,352
2,020	1,377
2,021	1,399
Thereafter	3,613
Total	$ 10,175

Commitments and Contingencies96

Commitments and Contingencies (Details Textual)	12 Months Ended
	Dec. 31, 2016USD ($)Officers	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Commitments and Contingencies (Textual)
Description of employment agreement	These agreements also include a) an incentive program, b) a stock option plan, c) a one-year non-compete agreement upon termination and a severance payment equal to one year of compensation.
Estimated aggregate salary commitment	$ 2,300,000
Agreement with data processor expire date	2,023
Base monthly charges under agreement with data processor	$ 102,000
Operating lease expired date	2,028
Construction contract	$ 8,000,000
Lease expense	$ 1,200,000	$ 954,000	$ 811,000
Chief Executive Officer [Member]
Commitments and Contingencies (Textual)
Period of employment agreement	3 years
President [Member]
Commitments and Contingencies (Textual)
Period of employment agreement	2 years
Executive Vice President [Member]
Commitments and Contingencies (Textual)
Period of employment agreement	2 years
Number of executive officers | Officers	8

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current income taxes:
Federal									$ 6,429	$ 6,184	$ 4,238
State									548	441	297
Total current tax expense									6,977	6,625	4,535
Deferred income tax expense (benefit)									356	(1,256)	(1,422)
Income tax expense	$ 1,851	$ 1,839	$ 1,925	$ 1,718	$ 1,383	$ 1,489	$ 1,400	$ 1,097	$ 7,333	$ 5,369	$ 3,113

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Summary of the items that caused recorded income taxes to differ from taxes computed using the statutory tax rate
Tax expense at statutory rate									$ 7,129	$ 5,438	$ 3,311
Effect of state income taxes, net of federal benefit									356	287	196
Exempt income									(162)	(151)	(170)
Other									10	(205)	(224)
Income tax expense	$ 1,851	$ 1,839	$ 1,925	$ 1,718	$ 1,383	$ 1,489	$ 1,400	$ 1,097	$ 7,333	$ 5,369	$ 3,113

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Allowance for loan losses	$ 5,199	$ 4,770
Unrealized loss on securities available for sale	260	2
Net deferred loan fees	691	597
Interest on nonaccrual loans		829
Deferred compensation	1,597	1,323
Sale of real estate owned	262	531
Accrued expenses	401	166
Other	250	440
Deferred tax assets, gross	8,660	8,658
Deferred tax liabilities:
Property and equipment	1,467	1,530
Other	368	205
Deferred tax liabilities, gross	1,835	1,735
Net deferred tax asset	$ 6,825	$ 6,923

Related Party Transactions (Det

Related Party Transactions (Details) - Directors, their affiliates and executive officers [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Summary of loan transactions with directors, including their affiliates and executive officers
Balance, beginning of year	$ 12,868	$ 20,390
New loans	5,103	2,189
Less loan payments	(3,146)	(9,711)
Balance, end of year	$ 14,825	$ 12,868

Related Party Transactions (101

Related Party Transactions (Details Textual)	12 Months Ended
	Dec. 31, 2016USD ($)Investment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Related Party Transactions (Textual)
Number of offices | Investment	4
Officers and directors [Member]
Related Party Transactions (Textual)
Deposits by related parties	$ 6,300,000	$ 5,100,000
Director [Member]
Related Party Transactions (Textual)
Monthly payments of land lease by Company	5,388
Property management services expense for Bank	29,000	31,000	$ 32,000
Signage purchases for retail office	$ 6,000	$ 24,000	$ 41,000

Financial Instruments With O102

Financial Instruments With Off-Balance Sheet Risk (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Financial instruments with off-balance sheet risk (Textual)
Commitment under letters of credit	$ 4.4	$ 4.3
Unfunded commitments to extend credit [Member]
Financial instruments with off-balance sheet risk (Textual)
Amount of unfunded commitments to extend credit	226.6	194.7
Unfunded commitments to extend credit at fixed rate	57.8	61.8
Unfunded commitments to extend credit at variable rate	$ 168.8	$ 133

Employee Benefit Plan (Details)

Employee Benefit Plan (Details)	12 Months Ended
	Dec. 31, 2016USD ($)Officers	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Profit Sharing and 401(k) Plan for eligible employees [Member]
Employee Benefit Plan (Textual)
Defined benefit plan, annual cost	$ 356,000	$ 326,000	$ 263,000
Supplemental Executive Retirement Plan (nonqualified deferred compensation plan) [Member]
Employee Benefit Plan (Textual)
Defined benefit plan, annual cost	$ 782,000	978,000	$ 352,000
Number of executive officers | Officers	16
Accrued benefit obligation	$ 4,600,000	$ 3,800,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock-Based Compensation [Abstract]
Stock option expense	$ 746	$ 556	$ 430
Restricted stock grant expense	286	203	199
Total stock-based compensation expense	$ 1,032	$ 759	$ 629

Stock-Based Compensation (De105

Stock-Based Compensation (Details 1) - Stock Options [Member] - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Summary of the status of the stock option plan and changes
Shares Outstanding at beginning of year	693,954	667,479	617,181
Shares Granted	109,500	93,511	90,050
Shares Exercised	(152,751)	(67,036)	(39,752)
Shares Forfeited or expired	8,500
Shares Outstanding at end of year	642,203	693,954	667,479
Shares Options exercisable at year-end	399,256	457,895	432,055
Shares available for grant	454,765	155,767	249,267
Weighted average exercise price Outstanding at beginning of year	$ 8.94	$ 7.83	$ 7.05
Weighted average exercise price Granted	23.65	17.15	13.54
Weighted average exercise price Exercised	7.19	9.36	8.94
Weighted average exercise price Forfeited or expired	15.69
Weighted average exercise price Outstanding at end of year	11.77	8.94	7.83
Weighted average exercise price, Options exercisable at year-end	7.62	6.74	6.74
Weighted average fair value of options granted during the year	$ 10.96	$ 9.09	$ 7.21
Weighted Average Remaining Contractual Life, Outstanding at end of year	5 years 10 months 24 days	6 years	6 years 2 months 12 days
Weighted Average Remaining Contractual Life, Options exercisable at year-end	4 years 4 months 24 days	4 years 10 months 24 days	5 years 2 months 12 days

Stock-Based Compensation (De106

Stock-Based Compensation (Details 2) - Stock Options [Member]	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-Based Compensation Arrangement By Share-Based Payment Award [Line Items]
Dividend yield
Expected life	7 years	7 years	7 years
Expected volatility	43.22%	51.24%	49.90%
Risk-free interest rate	1.65%	1.63%	2.29%

Stock-Based Compensation (De107

Stock-Based Compensation (Details 3) - Nonvested restricted stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Summary of the status of the Company's nonvested restricted stock and changes
Restricted Shares Nonvested at beginning of year	33,749	49,000	61,624
Restricted Shares Granted	22,000	3,000	4,500
Restricted Shares Vested	(17,749)	(18,251)	(17,124)
Restricted Shares Forfeited	(1,875)
Restricted Shares Nonvested at end of year	36,125	33,749	49,000
Weighted Average Grant-Date Fair Value Nonvested at beginning of year	$ 12.92	$ 11.83	$ 11.46
Weighted Average Grant-Date Fair Value Granted	23.91	20.65	14.15
Weighted Average Grant-Date Fair Value Vested	11.68	11.28	11.09
Weighted Average Grant-Date Fair Value Forfeited	14.72
Weighted Average Grant-Date Fair Value Nonvested at end of year	$ 20.13	$ 12.92	$ 11.83

Stock-Based Compensation (De108

Stock-Based Compensation (Details Textual) - USD ($)	May 17, 2016	May 19, 2015	May 20, 2014	May 18, 2010	Mar. 21, 2000	May 31, 2010	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2012
Stock-Based Compensation (Textual)
Unrecognized compensation cost							$ 1,500,000
Recognized weighted average period							2 years 7 months 6 days
Fair value of stock option grants							$ 593,000	$ 491,000	$ 473,000
Stock Option Plan [Member]
Stock-Based Compensation (Textual)
Number of stock option available for grant					436,424
Option expiration period					10 years
Shares outstanding							642,203	693,954
Aggregate intrinsic value outstanding							$ 15,600,000	$ 9,500,000
Shares options exercisable at year-end							399,256	457,895
Aggregate intrinsic value options exercisable at year-end							$ 11,400,000	$ 7,300,000
2010 Incentive Plan [Member]
Stock-Based Compensation (Textual)
Number of stock option available for grant			566,025	366,025
Option expiration period				10 years
Adjusted percentage of stock dividends				10.00%
Shares issued under provision of issuance of shares of restricted stock						79,860
Additional shares of common stock			200,000
Stock to be issuable as restricted stock		25,000
Restricted Stock Plan [Member]
Stock-Based Compensation (Textual)
Number of stock option available for grant							15,924
Number of shares authorized under the restricted stock plan										13,310
Shares issued under provision of issuance of shares of restricted stock		104,860
Unrecognized compensation cost							$ 573,000
Recognized weighted average period							2 years 8 months 12 days
2016 Equity Incentive Plan [Member]
Stock-Based Compensation (Textual)
Number of stock option available for grant	400,000
Option expiration period	10 years
Shares issued under provision of issuance of shares of restricted stock	50,000

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Bank [Member]
Summary of capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements
Total Capital (to risk weighted assets) Actual	$ 132,839	$ 116,992
Total Capital (to risk weighted assets) Actual, Ratio	11.69%	11.67%
Total Capital (to risk weighted assets) For capital adequacy purposes minimum	$ 90,910	$ 80,166
Total Capital (to risk weighted assets) For capital adequacy purposes minimum, Ratio	8.00%	8.00%
Total Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum	$ 113,628	$ 100,208
Total Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum, Ratio	10.00%	10.00%
Tier 1 Capital (to risk weighted assets) Actual	$ 118,626	$ 104,452
Tier 1 Capital (to risk weighted assets) Actual, Ratio	10.44%	10.42%
Tier 1 Capital (to risk weighted assets) For capital adequacy purposes minimum	$ 68,183	$ 60,125
Tier 1 Capital (to risk weighted assets) For capital adequacy purposes minimum, Ratio	6.00%	6.00%
Tier 1 Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum	$ 90,910	$ 80,166
Tier 1 Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum, Ratio	8.00%	8.00%
Common Equity Tier 1 Capital (to risk weighted assets) Actual	$ 118,626	$ 104,452
Common Equity Tier 1 Capital (to risk weighted assets) Actual, Ratio	10.44%	10.42%
Common Equity Tier 1 Capital (to risk weighted assets) For capital adequacy purposes minimum	$ 51,137	$ 45,094
Common Equity Tier 1 Capital (to risk weighted assets) For capital adequacy purposes minimum, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum	$ 73,864	$ 65,135
Common Equity Tier 1 Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum, Ratio	6.50%	6.50%
Tier 1 Capital (to average assets) Actual	$ 118,626	$ 104,452
Tier 1 Capital (to average assets), Actual Ratio	9.08%	8.57%
Tier 1 Capital (to average assets) For capital adequacy purposes minimum	$ 52,273	$ 48,753
Tier 1 Capital (to average assets) For capital adequacy purposes minimum, Ratio	4.00%	4.00%
Tier 1 Capital (to average assets) To be well capitalized under prompt corrective action provisions minimum	$ 65,342	$ 60,941
Tier 1 Capital (to average assets) To be well capitalized under prompt corrective action provisions minimum, Ratio	5.00%	5.00%
The Company [Member]
Summary of capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements
Total Capital (to risk weighted assets) Actual	$ 137,588	$ 119,783
Total Capital (to risk weighted assets) Actual, Ratio	12.11%	11.95%
Total Capital (to risk weighted assets) For capital adequacy purposes minimum	$ 90,910	$ 80,166
Total Capital (to risk weighted assets) For capital adequacy purposes minimum, Ratio	8.00%	8.00%
Total Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum
Total Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum, Ratio
Tier 1 Capital (to risk weighted assets) Actual	$ 123,375	$ 107,243
Tier 1 Capital (to risk weighted assets) Actual, Ratio	10.86%	10.70%
Tier 1 Capital (to risk weighted assets) For capital adequacy purposes minimum	$ 68,183	$ 60,125
Tier 1 Capital (to risk weighted assets) For capital adequacy purposes minimum, Ratio	6.00%	6.00%
Tier 1 Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum
Tier 1 Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum, Ratio
Common Equity Tier 1 Capital (to risk weighted assets) Actual	$ 110,375	$ 94,243
Common Equity Tier 1 Capital (to risk weighted assets) Actual, Ratio	9.71%	9.40%
Common Equity Tier 1 Capital (to risk weighted assets) For capital adequacy purposes minimum	$ 51,137	$ 45,094
Common Equity Tier 1 Capital (to risk weighted assets) For capital adequacy purposes minimum, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum
Common Equity Tier 1 Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum, Ratio
Tier 1 Capital (to average assets) Actual	$ 123,375	$ 107,243
Tier 1 Capital (to average assets), Actual Ratio	9.42%	8.78%
Tier 1 Capital (to average assets) For capital adequacy purposes minimum	$ 52,392	$ 48,876
Tier 1 Capital (to average assets) For capital adequacy purposes minimum, Ratio	4.00%	6.00%
Tier 1 Capital (to average assets) To be well capitalized under prompt corrective action provisions minimum
Tier 1 Capital (to average assets) To be well capitalized under prompt corrective action provisions minimum, Ratio

Regulatory Matters (Details Tex

Regulatory Matters (Details Textual)	Jul. 31, 2013
FDIC [Member]
Regulatory Matters (Textual)
Tier 1 leverage capital ratio	4.00%
Tier 1 capital to risk-weighted assets ratio	4.50%
Minimum ratio of Tier 1 capital conservation buffer ratio	2.50%
Maximum [Member]
Regulatory Matters (Textual)
Tier 1 capital to risk-weighted assets ratio	6.00%
Minimum [Member]
Regulatory Matters (Textual)
Tier 1 capital to risk-weighted assets ratio	4.00%

Reportable Segments (Details)

Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Interest income	$ 13,447	$ 12,912	$ 12,503	$ 12,329	$ 12,147	$ 11,766	$ 11,316	$ 10,801	$ 51,191	$ 46,030	$ 39,948
Interest expense	2,148	2,032	1,990	2,022	2,016	1,928	1,825	1,731	8,192	7,501	6,908
Net interest income (loss)	11,299	10,880	10,513	10,307	10,131	9,838	9,491	9,070	42,999	38,529	33,040
Provision for loan losses	275	825	575	625	700	875	1,000	625	2,300	3,200	4,175
Noninterest income	2,124	3,017	3,146	2,559	2,036	2,124	2,115	2,141	10,846	8,416	5,780
Noninterest expenses	8,006	7,800	7,853	7,517	7,231	6,871	6,646	7,461	31,176	28,209	24,907
Net income (loss) before taxes	5,142	5,272	5,231	4,724	4,236	4,216	3,960	3,125	20,369	15,536	9,738
Income tax (provision) benefit	1,851	$ 1,839	$ 1,925	$ 1,718	1,383	$ 1,489	$ 1,400	$ 1,097	7,333	5,369	3,113
Net income (loss)									13,036	10,167	$ 6,625
Total assets	1,340,908				$ 1,217,293				1,340,908	$ 1,217,293
Commercial and Retail Banking [Member]
Segment Reporting Information [Line Items]
Interest income									50,851
Interest expense									7,792
Net interest income (loss)									43,059
Provision for loan losses									2,300
Noninterest income									4,009
Noninterest expenses									26,482
Net income (loss) before taxes									18,286
Income tax (provision) benefit									(6,496)
Net income (loss)									11,790
Total assets	1,331,224								1,331,224
Mortgage Banking [Member]
Segment Reporting Information [Line Items]
Interest income									340
Interest expense
Net interest income (loss)									340
Provision for loan losses
Noninterest income									6,837
Noninterest expenses									4,451
Net income (loss) before taxes									2,726
Income tax (provision) benefit									(1,009)
Net income (loss)									1,717
Total assets	6,477								6,477
Corporate [Member]
Segment Reporting Information [Line Items]
Interest income									2
Interest expense									402
Net interest income (loss)									(400)
Provision for loan losses
Noninterest income
Noninterest expenses									243
Net income (loss) before taxes									(643)
Income tax (provision) benefit									172
Net income (loss)									(471)
Total assets	123,279								123,279
Eliminations [Member]
Segment Reporting Information [Line Items]
Interest income									(2)
Interest expense									(2)
Net interest income (loss)
Provision for loan losses
Noninterest income
Noninterest expenses
Net income (loss) before taxes
Income tax (provision) benefit
Net income (loss)
Total assets	$ (120,072)								$ (120,072)

Reportable Segments (Details Te

Reportable Segments (Details Textual)	12 Months Ended
	Dec. 31, 2016Segments
Reportable Segments (Textual)
Number of segments	3

Parent Company Financial Inf113

Parent Company Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents	$ 46,552			$ 62,866	$ 62,866			$ 41,264	$ 62,866	$ 41,264	$ 39,203	$ 46,552	$ 62,866	$ 41,264	$ 39,203
Other assets												6,886	6,855
Total assets												1,340,908	1,217,293
Liabilities and Shareholders' Equity
Junior subordinated debentures												13,403	13,403
Shareholders' equity												109,872	94,240	82,992	65,665
Total liabilities and shareholders' equity												1,340,908	1,217,293
Revenues
Interest income	13,447	$ 12,912	$ 12,503	12,329	12,147	$ 11,766	$ 11,316	10,801	51,191	46,030	39,948
Expenses
Interest expense	2,148	2,032	1,990	2,022	2,016	1,928	1,825	1,731	8,192	7,501	6,908
Income tax benefit	1,851	$ 1,839	$ 1,925	1,718	1,383	$ 1,489	$ 1,400	1,097	7,333	5,369	3,113
Net income									13,036	10,167	6,625
Operating activities
Net income									13,036	10,167	6,625
Adjustments to reconcile net income to net cash used for operating activities
Compensation expense related to stock options and restricted stock grants									1,998	759	629
Increase in other assets, net									(1,867)	(495)	(213)
Net cash used for operating activities									17,089	20,106	4,734
Investing activities
Net cash provided by (used for) investing activities									(139,919)	(175,958)	(130,784)
Financing activities
Cash dividend on preferred stock											(1,010)
Issuance of common stock											24,376
Cash in lieu of fractional shares											(9)
Proceeds from the exercise of stock options and warrants									628	356
Net cash provided by (used for) financing activities									106,516	177,454	128,111
Net increase (decrease) in cash and cash equivalents									(16,314)	21,602	2,061
Cash and cash equivalents, beginning of year				62,866				41,264	62,866	41,264	39,203
Cash and cash equivalents, end of year	46,552				62,866				46,552	62,866	41,264
Southern First Bancshares, Inc. [Member]
Assets
Cash and cash equivalents	1,949			442	442			2,459	442	2,459	15	1,949	442	$ 2,459	$ 15
Investment in subsidiaries												118,526	104,851
Other assets												2,804	2,355
Total assets												123,279	107,648
Liabilities and Shareholders' Equity
Accounts payable and accrued expenses												4	5
Junior subordinated debentures												13,403	13,403
Shareholders' equity												109,872	94,240
Total liabilities and shareholders' equity												$ 123,279	$ 107,648
Revenues
Interest income									2	4	6
Total revenue									2	4	6
Expenses
Interest expense									402	349	420
Other expenses									243	829	630
Total expenses									645	1,178	1,050
Income tax benefit									172	212	234
Loss before equity in undistributed net income of subsidiaries									(471)	(962)	(810)
Equity in undistributed net income of subsidiaries									13,507	11,129	7,435
Net income									13,036	10,167	6,625
Operating activities
Net income									13,036	10,167	6,625
Adjustments to reconcile net income to net cash used for operating activities
Equity in undistributed net income of subsidiaries									(13,507)	(11,129)	(7,435)
Compensation expense related to stock options and restricted stock grants									1,998	759	629
Increase in other assets, net									(449)	(192)	(287)
Decrease in accounts payable and accrued expenses									(1)		(11)
Net cash used for operating activities									1,077	(395)	(479)
Investing activities
Investment in subsidiaries, net									(668)	(2,250)	(4,100)
Net cash provided by (used for) investing activities									(668)	(2,250)	(4,100)
Financing activities
Decrease in note payable											(1,400)
Cash dividend on preferred stock											(1,010)
Redemption of preferred stock											(15,299)
Issuance of common stock											24,376
Cash in lieu of fractional shares
Proceeds from the exercise of stock options and warrants									1,098	628	356
Net cash provided by (used for) financing activities									1,098	628	7,023
Net increase (decrease) in cash and cash equivalents									1,507	(2,017)	2,444
Cash and cash equivalents, beginning of year				$ 442				$ 2,459	442	2,459	15
Cash and cash equivalents, end of year	$ 1,949				$ 442				$ 1,949	$ 442	$ 2,459

Selected Condensed Quarterly114

Selected Condensed Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Summary of selected quarterly financial information
Interest income	$ 13,447	$ 12,912	$ 12,503	$ 12,329	$ 12,147	$ 11,766	$ 11,316	$ 10,801	$ 51,191	$ 46,030	$ 39,948
Interest expense	2,148	2,032	1,990	2,022	2,016	1,928	1,825	1,731	8,192	7,501	6,908
Net interest income	11,299	10,880	10,513	10,307	10,131	9,838	9,491	9,070	42,999	38,529	33,040
Provision for loan losses	275	825	575	625	700	875	1,000	625	2,300	3,200	4,175
Noninterest income	2,124	3,017	3,146	2,559	2,036	2,124	2,115	2,141	10,846	8,416	5,780
Noninterest expenses	8,006	7,800	7,853	7,517	7,231	6,871	6,646	7,461	31,176	28,209	24,907
Income before income tax expense	5,142	5,272	5,231	4,724	4,236	4,216	3,960	3,125	20,369	15,536	9,738
Income tax expense	1,851	1,839	1,925	1,718	1,383	1,489	1,400	1,097	7,333	5,369	3,113
Net income available to common shareholders	$ 3,291	$ 3,433	$ 3,306	$ 3,006	$ 2,853	$ 2,727	$ 2,560	$ 2,028	$ 13,036	$ 10,167	$ 5,710
Earnings per common share
Basic	$ 0.52	$ 0.54	$ 0.53	$ 0.48	$ 0.46	$ 0.44	$ 0.41	$ 0.33	$ 2.06	$ 1.64	$ 1.15
Diluted	$ 0.49	$ 0.51	$ 0.49	$ 0.45	$ 0.43	$ 0.41	$ 0.39	$ 0.31	$ 1.94	$ 1.55	$ 1.10
Weighted average common shares outstanding
Basic	6,375,842	6,322,073	6,301,853	6,272,847	6,234,490	6,205,877	6,187,720	6,189,477	6,318,322	6,204,518	4,980,595
Diluted	6,775,729	6,740,751	6,702,820	6,634,432	6,613,685	6,579,448	6,533,658	6,514,873	6,720,888	6,560,739	5,199,376