{"schema_version":"secwatch.filing_event.v1","accession":"0001206774-26-000131","form_type":"8-K","ticker":"SFST","cik":"0001090009","company_name":"SOUTHERN FIRST BANCSHARES INC","filed_at":"2026-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.524768+00:00","generated_at":"2026-05-15T15:27:54.166060+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Southern First extends $15M revolver to March 2027, drops ROAA covenant","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001206774-26-000131","json":"https://secwatch.observer/filing/0001206774-26-000131.json","markdown":"https://secwatch.observer/filing/0001206774-26-000131.md","text":"https://secwatch.observer/filing/0001206774-26-000131.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1090009/000120677426000131/0001206774-26-000131-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1090009/000120677426000131/sfst4606951-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T15:27:54.166060+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":"6fd843d020441783f149837d2de303f442b82e17","claim":"SOUTHERN FIRST BANCSHARES INC amended revolving credit of up to an aggregate principal amount of $15.0 million with TIB, National Association maturing March 5, 2027.","evidence_excerpt":"On March 5, 2026, Southern First Bancshares, Inc. (the “Company”) entered into a Modification of Loan (the “Modification Agreement”) amending both the Loan Agreement (“Loan Agreement”) and the Promissory Note","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090009/000120677426000131/0001206774-26-000131-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to an aggregate principal amount of $15.0 million"},{"label":"Counterparty","value":"TIB, National Association"},{"label":"Maturity","value":"March 5, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"47c0a45232ef7fe71b01bf87c9847090c680546f","claim":"SOUTHERN FIRST BANCSHARES INC amended Modification Agreement with TIB, National Association valued at up to an aggregate principal amount of $15.0 million (effective 2026-03-05).","evidence_excerpt":"On March 5, 2026, Southern First Bancshares, Inc. (the “Company”) entered into a Modification of Loan (the “Modification Agreement”) amending both the Loan Agreement (“Loan Agreement”) and the Promissory Note (the “Promissory Note”), each dated as of December 28, 2023, by and between the Company and TIB, National Association (the “Lender”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090009/000120677426000131/0001206774-26-000131-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"TIB, National Association"},{"label":"Value","value":"up to an aggregate principal amount of $15.0 million"},{"label":"Effective","value":"2026-03-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}