Southern First Reports Results for Second Quarter 2008

Operating Results Continue to Improve
Greenville, SC, July 15, 2008 – Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, NA (also doing business as Greenville First Bank), today announced that net income for the second quarter of 2008 was $862 thousand, or $0.27 per diluted share, a 14.7% increase when compared to net income of $751 thousand or $0.23 per diluted share for the second quarter in 2007.