Southern First Reports Results for First Quarter 2008

Columbia Expansion Continues to Succeed
Greenville, SC, April 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 operating income for the first quarter of 2008 was $747 thousand, a 6.2% increase when compared to net operating income of $703 thousand for the same period in 2007. Excluded from net operating income for the first quarter of 2007 is a $255 thousand non-operating gain, net of taxes, related to an increase in market value on property held for sale.