{"schema_version":"secwatch.filing_event.v1","accession":"0001206774-24-000008","form_type":"8-K","ticker":"SFST","cik":"0001090009","company_name":"SOUTHERN FIRST BANCSHARES INC","filed_at":"2024-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.336399+00:00","generated_at":"2026-06-07T04:29:55.640696+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Southern First Bancshares enters $15M revolving credit facility with TIB, replaces matured facility","bullets":["Revolving loan of up to $15M; interest at WSJ Prime plus 0.25% per annum.","Maturity 14 months from closing; interest-only payments quarterly.","Loan secured by pledge of all capital stock of Southern First Bank subsidiary.","Replaces a similar facility that matured on December 20, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001206774-24-000008","json":"https://secwatch.observer/filing/0001206774-24-000008.json","markdown":"https://secwatch.observer/filing/0001206774-24-000008.md","text":"https://secwatch.observer/filing/0001206774-24-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1090009/000120677424000008/0001206774-24-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1090009/000120677424000008/sfst4282901-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T04:29:55.640696+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6308bb3da356491ee8cd675702a2ad9201121841","claim":"SOUTHERN FIRST BANCSHARES INC incurred revolving credit of $15,000,000 with TIB, National Association at The Wall Street Journal Prime Rate plus 0.25% per annum maturing 14 months from the closing date.","evidence_excerpt":"On December 28, 2023, Southern First Bancshares, Inc. (the \"Company\") entered into a Loan Agreement (the \"Loan Agreement\") with TIB, National Association (the \"Lender\") providing for a revolving multiple advances loan of up to an aggregate principal amount of $15,000,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090009/000120677424000008/0001206774-24-000008-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$15,000,000"},{"label":"Counterparty","value":"TIB, National Association"},{"label":"Rate","value":"The Wall Street Journal Prime Rate plus 0.25% per annum"},{"label":"Maturity","value":"14 months from the closing date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2be0f9c7433a79f2e91a5674837d78a2c7616702","claim":"SOUTHERN FIRST BANCSHARES INC entered into Loan Agreement with TIB, National Association valued at $15,000,000 (effective 2023-12-28).","evidence_excerpt":"On December 28, 2023, Southern First Bancshares, Inc. (the \"Company\") entered into a Loan Agreement (the \"Loan Agreement\") with TIB, National Association (the \"Lender\") providing for a revolving multiple advances loan of up to an aggregate principal amount of $15,000,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090009/000120677424000008/0001206774-24-000008-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"TIB, National Association"},{"label":"Value","value":"$15,000,000"},{"label":"Effective","value":"2023-12-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}