Southern First extends $15M revolver to March 2027, drops ROAA covenant

SOUTHERN FIRST BANCSHARES INC

Modification of $15.0M revolving credit facility with TIB, National Association; maturity extended to March 5, 2027.
Quarterly interest payments due March 5, 2026 and each June, September, December, March thereafter.
Removed Return on Average Assets covenant; revised Debt Service Coverage Ratio to ≥1.25x measured annually.
Non-Usage Fee of 0.25% ($37,500 less interest accrued) payable on maturity; zero balance outstanding as of March 10, 2026.
All other loan terms, collateral pledges, and guarantees remain in full force.

item 1.01item 2.03item 9.01

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