10-K/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K/A

(Amendment No. 1)

S Annual Report Pursuant To Section 13 Or 15(d) of The Securities Exchange Act Of 1934

For The Fiscal Year December 31, 2012.

Or

£ Transition Report Pursuant To Section 13 Or 15 (D) Of The Securities Exchange Act Of 1934

For the Transition Period from ___________ to ________________

Commission file number 000-27719

Southern First Bancshares, Inc.

(Exact name of registrant as specified in its charter)

South Carolina	58-2459561
(State of Incorporation)	(I.R.S. Employer Identification No.)
100 Verdae Boulevard, Greenville, SC	29607
(Address of principal executive offices)	(Zip Code)

864-679-9000

(Telephone Number)

Securities registered pursuant to Section 12(b) of the Act:

Title of class	Name of each exchange on which registered
Common Stock	The NASDAQ Global Market

Securities registered pursuant to Section 12(g) of the Act:  None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes¨No x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes¨No x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesxNo ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
YesxNo ¨

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will  not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act.
Large accelerated filer¨Accelerated filer¨Non-accelerated filer¨ Smaller Reporting Companyx

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

The aggregate market value of the common equity held by non-affiliates of the registrant as of June 30, 2012 (based on the average bid and ask price of  the Common Stock as quoted on the NASDAQ Global Market on June 30, 2012), was $27,750,176.

4,257,387 shares of the registrant’s common stock were outstanding as of February 27, 2013.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant’s Proxy Statement relating to the Annual Meeting of Shareholders to be held on May 21, 2013 are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated.

EXPLANATORY NOTE

Southern First Bancshares Inc. is filing this Amendment No. 1 (this “Amendment No. 1”) to our Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”), originally filed with the Securities and Exchange Commission on March 5, 2013, for the sole purpose of furnishing the Interactive Data File with detailed note tagging as Exhibit 101 to the Form 10-K in accordance with Rule 405 of Regulation S-T.  Exhibit 101 provides the financial statements and related notes in the Form 10-K formatted in XBRL (eXtensible Business Reporting Language). This exhibit was inadvertently omitted from the originally filed Form 10-K as a result of an error on the part of Southern First Bancshares, Inc.'s third party financial printer in charge of the EDGAR submission.

No other changes have been made to the Form 10-K.  This Amendment No. 1 does not reflect events that may have occurred subsequent to the original filing date and does not modify or update in any way the disclosures made in the original Form 10-K filed on March 5, 2013.

2

PART III

Item 15. Exhibits, Financial Statement Schedules

(a)(3)	Exhibits
	See the “Exhibit Index” immediately following the signature page of this report.

SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”), the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SOUTHERN FIRST BANCSHARES, INC.

Date:   March 5, 2013	By:	/s/R. Arthur Seaver, Jr.
		Chief Executive Officer

3

EXHIBIT INDEX

1.1	Underwriting Agreement for 17,299 Preferred Shares, dated June 27, 2012, among Southern First Bancshares, Inc, Southern First Bank, the United States Department of the Treasury, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Sandler O’Neill & Partners, L.P. and the other several Underwriters named in Schedule A thereto (incorporated by reference to Exhibit 1.1 of the Company’s Form 8-K filed July 3, 2012).
3.1	Articles of Incorporation, as amended (incorporated by reference to Exhibit 3.1 of the Company’s Registration Statement on Form SB-2, File No. 333-83851).
3.2	Articles of Amendment to the Articles of Incorporation establishing the terms of the Series T Preferred Stock (incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K filed on March 3, 2009).
3.3	Amended and Restated Bylaws dated March 18, 2008 (incorporated by reference to Exhibit 3.4 of the Company’s Form 10-K filed March 24, 2008).
4.1	See Exhibits 3.1, 3.2 and 3.3 for provisions in Southern First Bancshares’s Articles of Incorporation and Bylaws defining the rights of holders of the common stock and the Series T Preferred Stock.
4.2	Form of certificate of common stock (incorporated by reference to Exhibit 4.2 of the Company’s Registration Statement on Form SB-2, File No. 333-83851).
4.3	Form of Series T Preferred Stock Certificate (incorporated by reference to Exhibit 4.2 of the Company’s Form 8-K filed March 3, 2009).*
10.1	2000 Greenville First Bancshares, Inc. Stock Incentive Plan and Form of Option Agreement (incorporated by reference to Exhibit 10.7 to the Company’s Form 10-QSB for the period ended March 31, 2000).*
10.2	Sublease Agreement between Greenville First Bank, N.A. and Augusta Road Holdings, LLC dated February 26, 2004 (incorporated by reference to Exhibit 10.6 of the Company’s Form 10-QSB for the period ended June 30, 2004).
10.3	Bonaventure I Office Lease Agreement with Greenville First Bank, N.A., dated September 20, 2005 (incorporated by reference to Exhibit 10.1 of the Company’s Form 10-Q for the period ended September 30, 2005).
10.4	First Amendment to Office Lease Agreement with Greenville First Bank, N.A., dated September 20, 2005 (incorporated by reference to Exhibit 10.2 of the Company’s Form 10-Q for the period ended September 30, 2005).
10.5	Employment Agreement by and between Southern First Bancshares, Inc. with R. Arthur Seaver, Jr. dated December 17, 2008 (incorporated by reference to Exhibit 10.3 of the Company’s Form 8-K filed December 23, 2008).*
10.6	Employment Agreement by and between Southern First Bancshares, Inc. with F. Justin Strickland dated December 17, 2008 (incorporated by reference to Exhibit 10.4 of the Company’s Form 8-K filed December 23, 2008).*
10.7	Employment Agreement by and between Southern First Bancshares, Inc. with Frederick Gilmer, III dated December 17, 2008 (incorporated by reference to Exhibit 10.6 of the Company’s Form 8-K filed December 23, 2008).*
10.8	Employment Agreement by and between Southern First Bancshares, Inc. Michael D. Dowling dated October 2, 2012 (incorporated by reference to Exhibit 10.1 of the Company’s Form 8-K filed October 3, 2012).*
10.9	Form of Split Dollar Agreement between certain executives and Southern First Bancshares, Inc. (incorporated by reference to Exhibit 10.1 of the Company’s Form 8-K filed February 18, 2009).*

4

10.10	First Amendment to the Southern First Bancshares 2000 Stock Incentive Plan, adopted October 21, 2008 (incorporated by reference to Exhibit 10.1 of the Company’s Form 10-Q filed for the period ended September 30, 2008).*
10.11	Form of Southern First Bank, N.A. Salary Continuation Agreement dated December 17, 2008 (incorporated by reference to Exhibit 10.1 of the Company’s Form 8-K filed December 23, 2008).*
10.12	Form of First Amendment to Southern First Bank, N.A. Salary Continuation Agreement dated December 17, 2008 (incorporated by reference to Exhibit 10.2 of the Company’s Form 8-K filed December 23, 2008).*
21	Subsidiaries.**
23	Consent of Independent Public Accountants.**
24	Power of Attorney (contained as part of the signature pages to our Annual Report on Form 10-K filed March 5, 2013).
31.1	Rule 13a-14(a) Certification of the Principal Executive Officer.
31.2	Rule 13a-14(a) Certification of the Principal Financial Officer.
32	Section 1350 Certifications of the Principal Executive Officer and Principal Financial Officer.
99.1	Certification of the Chief Executive Officer Pursuant to Section 111(b)(4) of the Emergency Economic Stabilization Act of 2008.
99.2	Certification of the Principal Financial Officer Pursuant to Section 111(b)(4) of the Emergency Economic Stabilization Act of 2008.
101	The following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2012, formatted in eXtensible Business Reporting Language (XBRL); (i) the Consolidated Balance Sheets at December 31, 2012 and December 31, 2011, (ii) Consolidated Statements of Income (Loss) for the years ended December 31, 2012, 2011, and 2010, (iii) Consolidated Statements of Changes in Shareholders’ Equity and Comprehensive Income (Loss) for the years ended December 31, 2012, 2011, and 2010, (iv) Consolidated Statements of Cash Flows for the years ended December 31, 2012, 2011, and 2010, and (iv) Notes to Consolidated Financial Statements.(1)

__________

*        Management contract or compensatory plan or arrangement required to be filed as an Exhibit to this Annual Report on Form 10-K.

**

Previously filed as an exhibit to our Annual Report on Form 10-K filed March 5, 2013.

(1)

Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

5

EX-31.1

Exhibit 31.1

Rule 13a-14(a) Certification of the Chief Executive Officer

I, R. Arthur Seaver, Jr., chief executive officer, certify that:

1.	I have reviewed this annual report on Form 10-K of Southern First Bancshares, Inc.
2.	Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of this annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: March 5, 2013	By:	/s/R. Arthur Seaver, Jr.
		R. Arthur Seaver, Jr. Chief Executive Officer (principal executive officer)

EX-31.2

Exhibit 31.2

Rule 13a-14(a) Certification of the Principal Financial Officer

I, Michael D. Dowling, principal financial officer, certify that:

1.	I have reviewed this annual report on Form 10-K of Southern First Bancshares, Inc.
2.	Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f )) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of this annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: March 5, 2013	By:	/s/Michael D. Dowling
		Michael D. Dowling Chief Financial Officer (principal financial officer)

EX-32

Exhibit 32

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2003

The undersigned, the Chief Executive Officer and the Principal Financial Officer of Southern First Bancshares, Inc. (the "company"), each certify that, to his knowledge on the date of this certification:

1. The annual report of the company for the period ended December 31, 2012 as filed with the Securities and Exchange Commission on this date (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the company.

Date: March 5, 2013	By:	/s/R. Arthur Seaver, Jr.
		R. Arthur Seaver, Jr.
		Chief Executive Officer

Date: March 5, 2013	By:	/s/Michael D. Dowling
		Michael D. Dowling
		Chief Financial Officer, Principal Financial Officer

EX-99.1

Exhibit 99.1

Certification

"I, R. Arthur Seaver, Jr., certify, based on my knowledge, that:

(i)  The compensation committee of Southern First Bancshares, Inc. has discussed, reviewed, and evaluated with senior risk officers at least every six months during any part of the most recently completed fiscal year that was a TARP period (January 1, 2012 – June 28, 2012), senior executive officer (SEO) compensation plans and employee compensation plans and the risks these plans pose to Southern First Bancshares, Inc.;

(ii)  The compensation committee of Southern First Bancshares, Inc. has identified and limited during any part of the most recently completed fiscal year that was a TARP period, any features of the SEO compensation plans that could lead SEOs to take unnecessary and excessive risks that could threaten the value of Southern First Bancshares, Inc., and has identified any features of the employee compensation plans that pose risks to Southern First Bancshares, Inc. and has limited those features to ensure that Southern First Bancshares, Inc. is not unnecessarily exposed to risks;

(iii)  The compensation committee has reviewed, at least every six months during any part of the most recently completed fiscal year that was a TARP period, the terms of each employee compensation plan and identified any features of the plan that could encourage the manipulation of reported earnings of Southern First Bancshares, Inc. to enhance the compensation of an employee, and has limited any such features;

(iv)  The compensation committee of Southern First Bancshares, Inc. will certify to the reviews of the SEO compensation plans and employee compensation plans required under (i) and (iii) above;

(v)  The compensation committee of Southern First Bancshares, Inc. will provide a narrative description of how it limited during any part of the most recently completed fiscal year that included a TARP period the features in

(A) SEO compensation plans that could lead SEOs to take unnecessary and excessive risks that could threaten the value of Southern First Bancshares, Inc.;

(B) Employee compensation plans that unnecessarily expose Southern First Bancshares, Inc. to risks; and

(C) Employee compensation plans that could encourage the manipulation of reported earnings of Southern First Bancshares, Inc. to enhance the compensation of an employee;

(vi)  Southern First Bancshares, Inc. has required that bonus payments to SEOs or any of the next twenty most highly compensated employees, as defined in the regulations and guidance established under section 111 of EESA (bonus payments), be subject to a recovery or "clawback" provision during any part of the most recently completed fiscal year that was a TARP period if the bonus payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria;

(vii)  Southern First Bancshares, Inc. has prohibited any golden parachute payment, as defined in the regulations and guidance established under section 111 of EESA, to an SEO or any of the next five most highly compensated employees during any part of the most recently completed fiscal year that was a TARP period;

(viii)  Southern First Bancshares, Inc. has limited bonus payments to its applicable employees in accordance with section 111 of EESA and the regulations and guidance established thereunder during any part of the most recently completed fiscal year that was a TARP period;

(ix)  Southern First Bancshares, Inc. and its employees have complied with the excessive or luxury expenditures policy, as defined in the regulations and guidance established under section 111 of EESA, during any part of the most recently completed fiscal year that was a TARP period; and any expenses that, pursuant to this policy, required approval of the board of directors, a committee of the board of directors, an SEO, or an executive officer with a similar level of responsibility were properly approved;

(x)  Southern First Bancshares, Inc. will permit a non-binding shareholder resolution in compliance with any applicable Federal securities rules and regulations on the disclosures provided under the Federal securities laws related to SEO compensation paid or accrued during any part of the most recently completed fiscal year that was a TARP period;

(xi)  Southern First Bancshares, Inc. will disclose the amount, nature, and justification for the offering during any part of the most recently completed fiscal year that was a TARP period, of any perquisites, as defined in the regulations and guidance established under section 111 of EESA, whose total value exceeds $25,000 for any employee who is subject to the bonus payment limitations identified in paragraph (viii);

(xii)  Southern First Bancshares, Inc. will disclose whether Southern First Bancshares, Inc., the board of directors of Southern First Bancshares, Inc., or the compensation committee of Southern First Bancshares, Inc. has engaged during any part of the most recently completed fiscal year that was a TARP period a compensation consultant; and the services the compensation consultant or any affiliate of the compensation consultant provided during this period;

(xiii)  Southern First Bancshares, Inc. has prohibited the payment of any gross-ups, as defined in the regulations and guidance established under section 111 of EESA, to the SEOs and the next twenty most highly compensated employees during any part of the most recently completed fiscal year that was a TARP period;

(xiv)  Southern First Bancshares, Inc. has substantially complied with all other requirements related to employee compensation that are provided in the agreement between Southern First Bancshares, Inc. and Treasury, including any amendments;

(xvi)  Southern First Bancshares, Inc. has submitted to Treasury a complete and accurate list of the SEOs and the twenty next most highly compensated employees for the current fiscal year, with the non-SEOs ranked in descending order of level of annual compensation, and with the name, title, and employer of each SEO and most highly compensated employee identified; and

(xvi)  I understand that a knowing and willful false or fraudulent statement made in connection with this certification may be punished by fine, imprisonment, or both. (See, for example, 18 U.S.C. 1001.)"

Date: March 5, 2013	By:	/s/R. Arthur Seaver, Jr.
		R. Arthur Seaver, Jr. Chief Executive Officer (principal executive officer)

EX-99.2

Exhibit 99.2

Certification

"I, Michael D. Dowling, certify, based on my knowledge, that:

(i)  The compensation committee of Southern First Bancshares, Inc. has discussed, reviewed, and evaluated with senior risk officers at least every six months during any part of the most recently completed fiscal year that was a TARP period (January 1, 2012 – June 28, 2012), senior executive officer (SEO) compensation plans and employee compensation plans and the risks these plans pose to Southern First Bancshares, Inc.;

(ii)  The compensation committee of Southern First Bancshares, Inc. has identified and limited during any part of the most recently completed fiscal year that was a TARP period, any features of the SEO compensation plans that could lead SEOs to take unnecessary and excessive risks that could threaten the value of Southern First Bancshares, Inc., and has identified any features of the employee compensation plans that pose risks to Southern First Bancshares, Inc. and has limited those features to ensure that Southern First Bancshares, Inc. is not unnecessarily exposed to risks;

(iii)  The compensation committee has reviewed, at least every six months during any part of the most recently completed fiscal year that was a TARP period, the terms of each employee compensation plan and identified any features of the plan that could encourage the manipulation of reported earnings of Southern First Bancshares, Inc. to enhance the compensation of an employee, and has limited any such features;

(iv)  The compensation committee of Southern First Bancshares, Inc. will certify to the reviews of the SEO compensation plans and employee compensation plans required under (i) and (iii) above;

(v)  The compensation committee of Southern First Bancshares, Inc. will provide a narrative description of how it limited during any part of the most recently completed fiscal year that included a TARP period the features in

(A) SEO compensation plans that could lead SEOs to take unnecessary and excessive risks that could threaten the value of Southern First Bancshares, Inc.;

(B) Employee compensation plans that unnecessarily expose Southern First Bancshares, Inc. to risks; and

(C) Employee compensation plans that could encourage the manipulation of reported earnings of Southern First Bancshares, Inc. to enhance the compensation of an employee;

(vi)  Southern First Bancshares, Inc. has required that bonus payments to SEOs or any of the next twenty most highly compensated employees, as defined in the regulations and guidance established under section 111 of EESA (bonus payments), be subject to a recovery or "clawback" provision during any part of the most recently completed fiscal year that was a TARP period if the bonus payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria;

(vii)  Southern First Bancshares, Inc. has prohibited any golden parachute payment, as defined in the regulations and guidance established under section 111 of EESA, to an SEO or any of the next five most highly compensated employees during any part of the most recently completed fiscal year that was a TARP period;

(viii)  Southern First Bancshares, Inc. has limited bonus payments to its applicable employees in accordance with section 111 of EESA and the regulations and guidance established thereunder during any part of the most recently completed fiscal year that was a TARP period;

(ix)  Southern First Bancshares, Inc. and its employees have complied with the excessive or luxury expenditures policy, as defined in the regulations and guidance established under section 111 of EESA, during any part of the most recently completed fiscal year that was a TARP period; and any expenses that, pursuant to this policy, required approval of the board of directors, a committee of the board of directors, an SEO, or an executive officer with a similar level of responsibility were properly approved;

(x)  Southern First Bancshares, Inc. will permit a non-binding shareholder resolution in compliance with any applicable Federal securities rules and regulations on the disclosures provided under the Federal securities laws related to SEO compensation paid or accrued during any part of the most recently completed fiscal year that was a TARP period;

(xi)  Southern First Bancshares, Inc. will disclose the amount, nature, and justification for the offering during any part of the most recently completed fiscal year that was a TARP period, of any perquisites, as defined in the regulations and guidance established under section 111 of EESA, whose total value exceeds $25,000 for any employee who is subject to the bonus payment limitations identified in paragraph (viii);

(xii)  Southern First Bancshares, Inc. will disclose whether Southern First Bancshares, Inc., the board of directors of Southern First Bancshares, Inc., or the compensation committee of Southern First Bancshares, Inc. has engaged during any part of the most recently completed fiscal year that was a TARP period a compensation consultant; and the services the compensation consultant or any affiliate of the compensation consultant provided during this period;

(xiii)  Southern First Bancshares, Inc. has prohibited the payment of any gross-ups, as defined in the regulations and guidance established under section 111 of EESA, to the SEOs and the next twenty most highly compensated employees during any part of the most recently completed fiscal year that was a TARP period;

(xiv)  Southern First Bancshares, Inc. has substantially complied with all other requirements related to employee compensation that are provided in the agreement between Southern First Bancshares, Inc. and Treasury, including any amendments;

(xvi)  Southern First Bancshares, Inc. has submitted to Treasury a complete and accurate list of the SEOs and the twenty next most highly compensated employees for the current fiscal year, with the non-SEOs ranked in descending order of level of annual compensation, and with the name, title, and employer of each SEO and most highly compensated employee identified; and

(xvi)  I understand that a knowing and willful false or fraudulent statement made in connection with this certification may be punished by fine, imprisonment, or both. (See, for example, 18 U.S.C. 1001)"

Date: March 5, 2013	By:	/s/Michael D. Dowling
		Michael D. Dowling Chief Financial Officer (principal financial officer)

XML

Deposits (Tables)

12 Months Ended

Dec. 31, 2012

Deposits Disclosure [Abstract]

Detail of the deposit accounts

	December 31,
(dollars in thousands)	2012		2011
Non-interest bearing	$	80,880		68,984
Interest bearing:
NOW accounts		158,874		153,596
Money market accounts		100,841		113,737
Savings		6,026		4,717
Time, less than $100,000		81,315		72,056
Time, $100,000 and over		148,363		149,822
Total deposits	$	576,299		562,912

Scheduled maturities of certificates of deposit

(dollars in thousands)
2013	$	180,194
2014		43,054
2015		4,676
2016		722
2017 and after		1,032
	$	229,678

XML

Investment Securities (Details 2) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012 Investment	Dec. 31, 2011 Investment
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months	20	10
Available-for-sale Securities, Less than 12 months, Fair Value	$ 16,063	$ 22,877
Available-for-sale Securities, Less than 12 Months, Unrealized losses	77	105
Number of investments, 12 months or longer
Available-for-sale Securities, 12 months or longer, Fair Value
Available-for-sale Securities, 12 Months or Longer, Unrealized losses
Number of investments, Total	20	10
Available-for-sale Securities, Fair Value, Total	16,063	22,877
Available-for-sale Securities, Unrealized Losses, Total	77	105
US Agency securities [Member]
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months	1
Available-for-sale Securities, Less than 12 months, Fair Value	3,771
Available-for-sale Securities, Less than 12 Months, Unrealized losses	10
Number of investments, 12 months or longer
Available-for-sale Securities, 12 months or longer, Fair Value
Available-for-sale Securities, 12 Months or Longer, Unrealized losses
Number of investments, Total	1
Available-for-sale Securities, Fair Value, Total	3,771
Available-for-sale Securities, Unrealized Losses, Total	10
SBA securities [Member]
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months	1
Available-for-sale Securities, Less than 12 months, Fair Value	2,015
Available-for-sale Securities, Less than 12 Months, Unrealized losses	5
Number of investments, 12 months or longer
Available-for-sale Securities, 12 months or longer, Fair Value
Available-for-sale Securities, 12 Months or Longer, Unrealized losses
Number of investments, Total	1
Available-for-sale Securities, Fair Value, Total	2,015
Available-for-sale Securities, Unrealized Losses, Total	5
States and Political Subdivisions [Member]
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months	16	1
Available-for-sale Securities, Less than 12 months, Fair Value	6,608	500
Available-for-sale Securities, Less than 12 Months, Unrealized losses	48	2
Number of investments, 12 months or longer
Available-for-sale Securities, 12 months or longer, Fair Value
Available-for-sale Securities, 12 Months or Longer, Unrealized losses
Number of investments, Total	16	1
Available-for-sale Securities, Fair Value, Total	6,608	500
Available-for-sale Securities, Unrealized Losses, Total	48	2
Mortgage Backed Securities [Member] | FHLMC [Member]
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months		1
Available-for-sale Securities, Less than 12 months, Fair Value		2,602
Available-for-sale Securities, Less than 12 Months, Unrealized losses		31
Number of investments, 12 months or longer
Available-for-sale Securities, 12 months or longer, Fair Value
Available-for-sale Securities, 12 Months or Longer, Unrealized losses
Number of investments, Total		1
Available-for-sale Securities, Fair Value, Total		2,602
Available-for-sale Securities, Unrealized Losses, Total		31
Mortgage Backed Securities [Member] | FNMA [Member]
Summary of gross unrealized losses on investment securities and fair market value of related securities
Number of investments, Less than 12 months	2	8
Available-for-sale Securities, Less than 12 months, Fair Value	3,669	19,775
Available-for-sale Securities, Less than 12 Months, Unrealized losses	14	72
Number of investments, 12 months or longer
Available-for-sale Securities, 12 months or longer, Fair Value
Available-for-sale Securities, 12 Months or Longer, Unrealized losses
Number of investments, Total	2	8
Available-for-sale Securities, Fair Value, Total	3,669	19,775
Available-for-sale Securities, Unrealized Losses, Total	$ 14	$ 72

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Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Parent Company Financial Information [Abstract]

Schedule of condensed financial information of Southern First Bancshares, Inc. (parent company only)

Condensed Balance Sheets

	December 31,
(dollars in thousands)	2012		2011
Assets
Cash and cash equivalents	$	82		16
Investment in subsidiaries		77,285		74,596
Other assets		1,578		1,336
Total assets	$	78,945	$	75,948
Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	$	17		6
Other borrowings		1,400		-
Junior subordinated debentures		13,403		13,403
Shareholders’ equity		64,125		62,539
Total liabilities and shareholders’ equity	$	78,945		75,948

Condensed Statements of Income

	For the years ended December 31,
	2012			2011			2010
Revenues
Interest income	$	-			1			11
Total revenue		-			1			11
Expenses
Interest expense		406			350			452
Other expenses		342			276			245
Total expenses		748			626			697
Income tax benefit		254			212			233
Loss before equity in undistributed net income of subsidiaries		(494	)		(413	)		(453	)
Equity in undistributed net income of subsidiaries		4,356			2,501			1,343
Net income	$	3,862			2,088			890

Condensed Statements of Cash Flows

	For the years ended December 31,
	2012			2011			2010
Operating activities
Net income	$	3,862			2,088			890
Adjustments to reconcile net income to net cash used for
operating activities
Equity in undistributed net income of subsidiaries		(4,356	)		(2,501	)		(1,343	)
Compensation expense related to stock options and restricted stock grants		341			276			245
Increase in other assets		(241	)		(194	)		(163	)
Increase (decrease) in accounts payable and accrued expenses		11			-			(47	)
Net cash used for operating activities		(383	)		(331	)		(418	)
Investing activities
Investment in subsidiaries		1,804			550			-
Net cash used for investing activities		1,804			550			-
Financing activities
Increase (decrease) in note payable		1,400			-			(4,250	)
Redemption of preferred stock		(1,100	)		-			-
Redemption of CPP Warrant		(904	)		-			-
Cash dividend on preferred stock		(845	)		(865	)		(865	)
Cash in lieu		(2	)		(1	)
Proceeds from the exercise of stock options and warrants		96			77			295
Net cash used for financing activities		(1,355	)		(789	)		(4,820	)
Net increase (decrease) in cash and cash equivalents		66			(570	)		(5,238	)
Cash and cash equivalents, beginning of year		16			586			5,824
Cash and cash equivalents, end of year	$	82			16			586

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Troubled Debt Restructurings (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2012 Investment	Dec. 31, 2011 Investment
Troubled Debt Restructurings (Textual)
Total number of loans classified under troubled debt restructurings (TDRs)	36	42
Total sum of loans classified as troubled debt restructurings (TDRs)	$ 14,200	$ 12,200
Number of days after loans subsequently defaulted	More than 60 days past due.

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Investment Securities (Details 3) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Other investments
Federal Reserve Bank stock	$ 1,485	$ 1,485
Federal Home Loan Bank stock	5,807	5,937
Certificates of deposit	99	99
Investment in Trust Preferred subsidiaries	403	403
Total other investments	$ 7,794	$ 7,924

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Deposits (Details Textual) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Deposits (Textual)
Bank time deposits	$ 13.0	$ 45.8
Interest expense on time deposits greater than $100,000	$ 2.0	$ 3.5	$ 5.5

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Dividends (Details)	12 Months Ended
	Dec. 31, 2012	Feb. 27, 2009
Dividends (Textual)
Cumulative dividend rate for first five years	5.00%	5.00%
Cumulative dividend rate after first five years	9.00%	9.00%
Description of dividend distribution	On January 15, 2013, the Company's Board of Directors approved a ten percent stock dividend to the Company's shareholders. The record date was February 1, 2013 and the distribution date was February 15, 2013. On January 17, 2012, the Company's Board of Directors also approved a ten percent stock dividend to the Company's shareholders. The record date was February 3, 2012 and the distribution date was February 17, 2012.

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Warrants and Stock Options and Grant Plans (Tables)

12 Months Ended

Dec. 31, 2012

Warrants and Stock Options and Grant Plans [Abstract]

Summary of the status of the stock option plan and changes

	For the years ended December 31,
	2012							2011							2010
	Shares			Weighted average exercise price		Aggregate Intrinsic Value		Shares			Weighted average exercise price		Aggregate Intrinsic Value		Shares			Weighted average exercise price		Aggregate Intrinsic Value
Outstanding at beginning of year		455,698		$	6.76				428,469		$	7.04				451,428		$	6.68
Granted		120,615			6.31				87,967			6.05				222,943			5.67
Exercised		(17,867	)		5.36				(16,615	)		4.65				(23,792	)		4.55
Forfeited or expired		(1,972	)		5.17				(44,123	)		8.76				(222,110	)		5.35
Outstanding at end of year		556,474		$	6.72	$	1,265,486		455,698		$	6.76	$	117,017		428,469		$	7.04	$	72,075
Options exercisable at year-end		257,290				$	1,265,486		181,059				$	117,017		137,383				$	72,075
Shares available for grant		229,616							350,231							438,199

Summary of the status of the Company's nonvested restricted stock and changes

	December 31,
	2012					2011				2010
	Restricted Shares			Weighted Average Grant-Date Fair Value		Restricted Shares		Weighted Average Grant-Date Fair Value		Restricted Shares			Weighted Average Grant-Date Fair Value
Nonvested at beginning of year		3,025		$	6.53		-	$	-		833		$	16.25
Granted		25,850			6.78		3,025		6.53		-			-
Vested		(756	)		6.53		-		-		(833	)		16.25
Forfeited		-			-		-		-		-			-
Nonvested at end of year		28,119		$	6.76		3,025	$	6.53		-		$	-

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Summary of Significant Accounting Policies and Activities (Tables)

12 Months Ended

Dec. 31, 2012

Summary Of Significant Accounting Policies and Activities [Abstract]

Summary of differences between the amounts filed and restated in financial statements

	December 31, 2010
(dollars in thousands)	As filed		As restated
Preferred stock	$	14,960		16,317
Additional paid-in capital		37,629		36,729
Retained earnings		7,299		6,842
	$	59,888		59,888

	December 31, 2010
(dollars in thousands)	As filed			As restated
Net income	$	890			890
Preferred stock dividend		865			865
Discount accretion		472			260
Net income (loss) to common shareholders	$	(447	)		(235	)
Earnings (loss) per common share
Basic	$	(0.12	)		(0.06	)
Diluted		(0.12	)		(0.06	)

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Federal Home Loan Bank Advances and Other Borrowings (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Summary of the terms and maturities of advances of FHLB
Amount	$ 103,500	$ 103,500
Federal Home Loan Bank Advances [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Sep. 02, 2014	Sep. 02, 2014
Amount	7,500	7,500
Rate	2.36%	2.58%
Federal Home Loan Bank Advances one [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Aug. 25, 2015	Aug. 25, 2015
Amount		10,000
Rate		2.80%
Federal Home Loan Bank Advances two [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Sep. 28, 2015	Sep. 28, 2015
Amount		20,000
Rate		2.14%
Federal Home Loan Bank Advances three [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Oct. 11, 2016	Oct. 11, 2016
Amount	5,000	5,000
Rate	4.07%	4.07%
Federal Home Loan Bank Advances four [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Oct. 18, 2016	Oct. 18, 2016
Amount	7,000	7,000
Rate	2.38%	2.55%
Federal Home Loan Bank Advances five [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Oct. 18, 2016	Oct. 18, 2016
Amount	7,500	7,500
Rate	2.55%	2.55%
Federal Home Loan Bank Advances six [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Oct. 19, 2016	Oct. 19, 2016
Amount	10,000
Rate	2.11%
Federal Home Loan Bank Advances seven [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Oct. 19, 2016	Oct. 19, 2016
Amount	20,000
Rate	1.68%
Federal Home Loan Bank Advances eight [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Feb. 13, 2017	Feb. 13, 2017
Amount	7,500	7,500
Rate	4.38%	4.38%
Federal Home Loan Bank Advances nine [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Jul. 11, 2017	Jul. 11, 2017
Amount	9,000	9,000
Rate	4.49%	4.49%
Federal Home Loan Bank Advances ten [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Jul. 24, 2017	Jul. 24, 2017
Amount	5,000	5,000
Rate	4.25%	4.25%
Federal Home Loan Bank Advances eleven [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Feb. 15, 2019	Feb. 15, 2019
Amount	10,000	10,000
Rate	4.47%	4.47%
Federal Home Loan Bank Advances twelve [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Apr. 10, 2019	Apr. 10, 2019
Amount	15,000
Rate	3.48%
Federal Home Loan Bank Advances thirteen [Member]
Summary of the terms and maturities of advances of FHLB
Maturity	Apr. 22, 2019	Apr. 22, 2019
Amount		$ 15,000
Rate		4.75%

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Property and Equipment (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Property and Equipment (Textual)
Depreciation and amortization expense	$ 979,000	$ 884,000	$ 853,000
Building [Member]
Property and Equipment (Textual)
Increase in property and equipment	1,100,000
Leasehold Improvements [Member]
Property and Equipment (Textual)
Increase in property and equipment	506,000
Furniture and equipment [Member]
Property and Equipment (Textual)
Increase in property and equipment	$ 708,000

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Earnings Per Common Share (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012		Dec. 31, 2011		Dec. 31, 2010
Numerator:
Net income	$ 1,133	$ 1,226	$ 815	$ 688	$ 440	$ 483	$ 628	$ 537	$ 3,862		$ 2,088		$ 890
Less: Preferred stock dividends	204	204	216	216	217	216	216	216	840		865		865
Discount accretion		180	106	73	72	70	69	68	360	[1]	279	[1]	260	[1]
Add: Redemption of preferred stock									96
Net income(loss) available to common shareholders (1)	$ 929	$ 842	$ 589	$ 399	$ 151	$ 197	$ 343	$ 253	$ 2,758	[1]	$ 944	[1]	$ (235)	[1]
Denominator:
Weighted-average common shares outstanding - basic	4,241,280	4,229,819	4,225,993	4,222,622	4,203,072	4,203,072	4,203,072	4,194,705	4,229,928		4,200,980		4,178,703
Common stock equivalents									110,030		85,438
Weighted-average common shares outstanding - diluted	4,305,127	4,349,971	4,436,920	4,267,813	4,225,569	4,328,383	4,300,180	4,291,538	4,339,958		4,286,418		4,178,703
Earnings (loss) per common share (1):
Basic	$ 0.22	$ 0.20	$ 0.14	$ 0.09	$ 0.04	$ 0.05	$ 0.08	$ 0.06	$ 0.65		$ 0.22		$ (0.06)
Diluted	$ 0.22	$ 0.19	$ 0.13	$ 0.09	$ 0.04	$ 0.05	$ 0.08	$ 0.06	$ 0.64		$ 0.22		$ (0.06)

[1] See Note 1 to the financial statements for information related to a correction of an error in 2010.

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Loans and Allowance for Loan Losses (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Composition of loan portfolio
Total commercial loans	$ 458,469	$ 443,549
Total consumer loans	187,480	155,085
Total gross loans, net of deferred fees	645,949	598,634
Less - allowance for loan losses	(9,091)	(8,925)
Total loans, net	636,858	589,709
Commercial [Member]
Composition of loan portfolio
Total commercial loans	458,469	443,549
Total gross loans, net of deferred fees	458,469	443,549
Commercial [Member] | Owner occupied [Member]
Composition of loan portfolio
Total commercial loans	158,790	149,254
Commercial [Member] | Non-owner occupied [Member]
Composition of loan portfolio
Total commercial loans	165,163	164,623
Commercial [Member] | Construction [Member]
Composition of loan portfolio
Total commercial loans	20,347	17,841
Commercial [Member] | Business [Member]
Composition of loan portfolio
Total commercial loans	114,169	111,831
Consumer [Member]
Composition of loan portfolio
Total consumer loans	187,480	155,085
Total gross loans, net of deferred fees	187,480	155,085
Consumer [Member] | Construction [Member]
Composition of loan portfolio
Total consumer loans	13,749	5,546
Consumer [Member] | Residential [Member]
Composition of loan portfolio
Total consumer loans	86,559	57,798
Consumer [Member] | Home equity [Member]
Composition of loan portfolio
Total consumer loans	77,895	82,664
Consumer [Member] | Real estate [Member]
Composition of loan portfolio
Total consumer loans	86,559	57,798
Consumer [Member] | Other [Member]
Composition of loan portfolio
Total consumer loans	$ 9,277	$ 9,077

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Deposits (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Detail of the deposit accounts
Non-interest bearing	$ 80,880	$ 68,984
Interest bearing:
NOW accounts	158,874	153,596
Money market accounts	100,841	113,737
Savings	6,026	4,717
Time, less than $100,000	81,315	72,056
Time, $100,000 and over	148,363	149,822
Total deposits	$ 576,299	$ 562,912

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Fair Value Accounting (Details 2)	12 Months Ended
	Dec. 31, 2012
Other investments [Member]
Schedule of unobservable inputs used in the fair value measurements
Valuation Technique	Carrying Value
Significant Unobservable Inputs	None
Impaired loans [Member]
Schedule of unobservable inputs used in the fair value measurements
Valuation Technique	Appraised Value/ Discounted Cash Flows
Significant Unobservable Inputs	Appraisals and/or sales of comparable properties
Other real estate owned [Member]
Schedule of unobservable inputs used in the fair value measurements
Valuation Technique	Appraised Value/ Comparable Sales
Significant Unobservable Inputs	Appraisals and/or sales of comparable properties/ Independent quotes

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Federal Home Loan Bank Advances and Other Borrowings (Details Textual) (USD $)	3 Months Ended	12 Months Ended
	Sep. 30, 2011 Agreement	Dec. 31, 2012 Agreement	Dec. 31, 2011 Agreement	Jul. 25, 2012
Federal Home Loan Bank Advances and Other Borrowings (Textual)
FHLB advances and related debt		$ 124,100,000	$ 122,700,000
FHLB advances		103,500,000	103,500,000
Securities sold under structured agreements to repurchase		19,200,000	19,200,000
Line of credit		1,400,000
Mortgage loan pledged as collateral for advances from FHLB		136,100,000
FHLB stock		5,800,000
Number of restructured FHLB advances	4	3
Restructured FHLB advances	44,500,000	45,000,000
Description of present value of cash flow of modified FHLB advances		Present value of the cash flows of the modified advances will not change by more than 10% from the present value of the cash flows of the original advances.
FHLB advances, weighted average rate	3.26%	3.16%
FHLB advances, weighted average remaining life	32 months	52 months
Restructured FHLB advances, weighted average interest rate	2.71%	2.42%
Restructured FHLB advances, weighted average remaining life	54 months	61 months
Structured debt agreements secured by investment securities		24,000,000	24,000,000
Number of structured debt agreements		4	4
Interest only line of credit		1,500,000
Interest only line of credit, outstanding amount		$ 1,400,000		$ 1,500,000
Line of credit, interest rate		5.00%
Line of credit facility, maturity date		Feb. 03, 2014

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Fair Value Accounting (Details 3) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Financial Assets:
Cash and cash equivalents, Carrying Amount	$ 29,413	$ 23,005	$ 53,850	$ 12,082
Other investments, at cost, Carrying Amount	7,794	7,924
Loans, net, Carrying Amount	636,858	589,709
Bank owned life insurance	18,725	18,093
Cash and cash equivalents, Fair Value	29,413	23,005
Other investments, fair value	7,794	7,924
Loans, net, Fair Value	645,852	603,416
Bank owned life insurance, Fair Value	18,725	18,093
Financial Liabilities:
Deposits, Carrying Amount	576,299	562,912
FHLB and other borrowings, Carrying Amount	124,100	122,700
Junior subordinated debentures, Carrying Amount	13,403	13,403
Deposits, Fair Value	561,599	521,930
FHLB and other borrowings, Fair Value	140,455	141,411
Junior subordinated debentures, Fair Value	5,093	4,212
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Financial Assets:
Cash and cash equivalents, Fair Value	29,413	23,005
Other investments, fair value
Loans, net, Fair Value
Bank owned life insurance, Fair Value
Financial Liabilities:
Deposits, Fair Value
FHLB and other borrowings, Fair Value
Junior subordinated debentures, Fair Value
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Financial Assets:
Cash and cash equivalents, Fair Value
Other investments, fair value
Loans, net, Fair Value	13,748	12,318
Bank owned life insurance, Fair Value
Financial Liabilities:
Deposits, Fair Value	561,599	521,930
FHLB and other borrowings, Fair Value	140,455	141,411
Junior subordinated debentures, Fair Value	5,093	4,212
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Financial Assets:
Cash and cash equivalents, Fair Value
Other investments, fair value	7,794	7,924
Loans, net, Fair Value	632,104	591,098
Bank owned life insurance, Fair Value	18,725	18,093
Financial Liabilities:
Deposits, Fair Value
FHLB and other borrowings, Fair Value
Junior subordinated debentures, Fair Value

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Deposits (Details 1) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Scheduled maturities of certificates of deposit
Certificates of deposit	$ 13,000	$ 45,800
Certificates of Deposit [Member]
Scheduled maturities of certificates of deposit
2013	180,194
2014	43,054
2015	4,676
2016	722
2017 and after	1,032
Certificates of deposit	$ 229,678

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Property and Equipment (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Components of property and equipment
Property and equipment, Gross	$ 23,436	$ 21,242
Accumulated depreciation	(4,703)	(3,900)
Total property and equipment	18,733	17,342
Land [Member]
Components of property and equipment
Property and equipment, Gross	3,523	3,523
Buildings [Member]
Components of property and equipment
Property and equipment, Gross	12,874	11,753
Leasehold Improvements [Member]
Components of property and equipment
Property and equipment, Gross	1,624	1,118
Furniture and equipment [Member]
Components of property and equipment
Property and equipment, Gross	5,020	4,312
Software [Member]
Components of property and equipment
Property and equipment, Gross	342	343
Construction in process [Member]
Components of property and equipment
Property and equipment, Gross	$ 53	$ 193

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Employee Benefit Plan

12 Months Ended

Dec. 31, 2012

Employee Benefit Plan [Abstract]

Employee Benefit Plan

NOTE 17 – Employee Benefit Plan

On January 1, 2000, the Company adopted the Southern First Bancshares, Inc. Profit Sharing and 401(k) Plan for the benefit of all eligible employees. The Plan was amended in 2006 to provide a Roth 401(k) feature to the Plan. The Company contributes to the Plan annually upon approval by the Board of Directors. Contributions made to the Plan for the years ended December 31, 2012, 2011, and 2010 amounted to $195,000, $176,000, and $192,000, respectively.

The Company also provides a nonqualified deferred compensation plan for 14 executive officers in the form of a Supplemental Executive Retirement Plan (“SERP”). The plan provides retirement income for these officers. As of December 31, 2012, the Company had an accrued benefit obligation of $1.7 million. The Company incurred expenses related to this plan of $497,000, $381,000, and $128,000 in 2012, 2011, and 2010, respectively.

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Summary of Significant Accounting Policies and Activities (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012		Dec. 31, 2011		Dec. 31, 2010		Dec. 31, 2009
Summary of differences between the amounts filed and restated in financial statements
Preferred stock	$ 16,299				$ 16,596				$ 16,299		$ 16,596
Additional paid-in capital	42,396				39,546				42,396		39,546
Retained earnings	4,369				5,334				4,369		5,334
Total shareholders' equity	64,125				62,539				64,125		62,539		59,216	[1]	59,841	[1]
Net income	1,133	1,226	815	688	440	483	628	537	3,862		2,088		890
Preferred stock dividend	204	204	216	216	217	216	216	216	840		865		865
Discount accretion		180	106	73	72	70	69	68	360	[1]	279	[1]	260	[1]
Net income (loss) to common shareholders	929	842	589	399	151	197	343	253	2,758	[1]	944	[1]	(235)	[1]
Earnings (loss) per common share
Basic	$ 0.22	$ 0.20	$ 0.14	$ 0.09	$ 0.04	$ 0.05	$ 0.08	$ 0.06	$ 0.65		$ 0.22		$ (0.06)
Diluted	$ 0.22	$ 0.19	$ 0.13	$ 0.09	$ 0.04	$ 0.05	$ 0.08	$ 0.06	$ 0.64		$ 0.22		$ (0.06)
As filed [Member]
Summary of differences between the amounts filed and restated in financial statements
Preferred stock													14,960
Additional paid-in capital													37,629
Retained earnings													7,299
Total shareholders' equity													59,888
Net income													890
Preferred stock dividend													865
Discount accretion													472
Net income (loss) to common shareholders													(447)
Earnings (loss) per common share
Basic													$ (0.12)
Diluted													$ (0.12)
As restated [Member]
Summary of differences between the amounts filed and restated in financial statements
Preferred stock													16,317
Additional paid-in capital													36,729
Retained earnings													6,842
Total shareholders' equity													59,888
Net income													890
Preferred stock dividend													865
Discount accretion													260
Net income (loss) to common shareholders													$ (235)
Earnings (loss) per common share
Basic													$ (0.06)
Diluted													$ (0.06)

[1] See Note 1 to the financial statements for information related to a correction of an error in 2010.

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Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2012

Earnings Per Common Share [Abstract]

Schedule of earnings per share reconciliation

	December 31,
(dollars in thousands, except share data)	2012		2011		2010
Numerator:
Net income	$	3,862		2,088		890
Less: Preferred stock dividends		840		865		865
Discount accretion (1)		360		279		260
Add: Redemption of preferred stock		96		-		-
Net income (loss) available to common shareholders (1)	$	2,758		944		(235	)
Denominator:
Weighted-average common shares outstanding - basic		4,229,928		4,200,980		4,178,703
Common stock equivalents		110,030		85,438		-
Weighted-average common shares outstanding - diluted		4,339,958		4,286,418		4,178,703
Earnings (loss) per common share (1):
Basic	$	0.65		0.22		(0.06	)
Diluted	$	0.64		0.22		(0.06	)

(1) Amounts for 2010 have been restated for a correction of an error. See Note 1 to the consolidated financial statements.

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Other Real Estate Owned (Details Textual) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012 Property	Dec. 31, 2011
Other Real Estate Owned (Textual)
Number of properties	8
Decrease in real estate held for investment	$ 2.0
Real estate held for investment	$ 1.7	$ 3.7

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Related Party Transactions (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Related Party Transactions (Textual)
Number of offices	4
Officers and directors [Member]
Related Party Transactions (Textual)
Deposits by related parties	$ 2,200,000	$ 2,300,000
Director [Member]
Related Party Transactions (Textual)
Monthly payments of land lease by Bank	4,924
Property management services expense for Bank	$ 44,000	$ 39,000	$ 30,000

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Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2012

Property and Equipment [Abstract]

Components of property and equipment

	December 31,
(dollars in thousands)	2012			2011
Land	$	3,523			3,523
Buildings		12,874			11,753
Leasehold Improvements		1,624			1,118
Furniture and equipment		5,020			4,312
Software		342			343
Construction in process		53			193
		23,436			21,242
Accumulated depreciation		(4,703	)		(3,900	)
Total property and equipment	$	18,733			17,342

Schedule of estimated useful lives of property and equipment

Type of Asset	Life in Years
Software		3
Furniture and equipment	5 to 7
Leasehold improvements	5 to 15
Buildings		40

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Investment Securities (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Available for sale
Total investment securities available for sale, Amortized Cost	$ 76,436	$ 99,084
Total investment securities available for sale, Gross Unrealized Gains	1,863	1,681
Total investment securities available for sale, Gross Unrealized Losses	77	105
Available-for-sale securities, investment securities, Fair Value	78,222	100,660
US Agency securities [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	7,781
Total investment securities available for sale, Gross Unrealized Gains	14
Total investment securities available for sale, Gross Unrealized Losses	10
Available-for-sale securities, investment securities, Fair Value	7,785
SBA securities [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	6,060
Total investment securities available for sale, Gross Unrealized Gains	17
Total investment securities available for sale, Gross Unrealized Losses	5
Available-for-sale securities, investment securities, Fair Value	6,072
States and Political Subdivisions [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	24,167	17,390
Total investment securities available for sale, Gross Unrealized Gains	1,130	860
Total investment securities available for sale, Gross Unrealized Losses	48	2
Available-for-sale securities, investment securities, Fair Value	25,249	18,248
Mortgage Backed Securities [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	38,428	81,694
Total investment securities available for sale, Gross Unrealized Gains	702	821
Total investment securities available for sale, Gross Unrealized Losses	14	103
Available-for-sale securities, investment securities, Fair Value	39,116	82,412
Mortgage Backed Securities [Member] | FHLMC [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	8,434	22,549
Total investment securities available for sale, Gross Unrealized Gains	196	325
Total investment securities available for sale, Gross Unrealized Losses		31
Available-for-sale securities, investment securities, Fair Value	8,630	22,843
Mortgage Backed Securities [Member] | FNMA [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	29,718	58,631
Total investment securities available for sale, Gross Unrealized Gains	484	441
Total investment securities available for sale, Gross Unrealized Losses	14	72
Available-for-sale securities, investment securities, Fair Value	30,188	59,000
Mortgage Backed Securities [Member] | GNMA [Member]
Available for sale
Total investment securities available for sale, Amortized Cost	276	514
Total investment securities available for sale, Gross Unrealized Gains	22	55
Total investment securities available for sale, Gross Unrealized Losses
Available-for-sale securities, investment securities, Fair Value	$ 298	$ 569

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Loans and Allowance for Loan Losses (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Loan and Allowance For Loan Losses (Textual)
Part of loans of 30 days or More past due as a percentage of total loan portfolio	1.11%	2.37%
Commercial loans percentage of total real estate loan	65.90%
Loans over 90 days past due and still accruing
Real estate loan percentage of total loan	80.90%	79.80%
Consumer loans percentage of total real estate loan	34.10%
Mortgage loan pledged as collateral for advances from FHLB	136,100,000
Foregone interest income on non accrual loans	$ 402,000	$ 419,000
Description of loan to value ratio	Approximately $70.8 million, or 11.0% of our loans had loan-to-value ratios which exceeded regulatory supervisory limits, of which 59 loans totaling approximately $20.7 million had loan-to-value ratios of 100% or more.
Owner occupied [Member]
Loan and Allowance For Loan Losses (Textual)
Commercial loans percentage of total real estate loan	24.60%
Non-owner occupied [Member]
Loan and Allowance For Loan Losses (Textual)
Commercial loans percentage of total real estate loan	25.60%
Construction [Member]
Loan and Allowance For Loan Losses (Textual)
Commercial loans percentage of total real estate loan	3.10%
Commercial [Member]
Loan and Allowance For Loan Losses (Textual)
Part of loans of 30 days or More past due as a percentage of total loan portfolio	0.94%	2.12%
Consumer [Member]
Loan and Allowance For Loan Losses (Textual)
Part of loans of 30 days or More past due as a percentage of total loan portfolio	0.17%	0.25%

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Loans and Allowance for Loan Losses (Details 4) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Summary of nonperforming assets
Nonaccruing troubled debt restructurings	$ 4,809	$ 4,779
Total nonaccrual loans	8,167	10,264
Other real estate owned	1,719	3,686	5,628
Total nonperforming assets	9,886	13,950
Nonperforming assets as a percentage of:
Total assets	1.24%	1.82%
Gross loans	1.53%	2.33%
Total loans over 90 days past due	5,027	8,854
Loans over 90 days past due and still accruing
Accruing TDRs	9,421	7,429
Commercial [Member] | Owner occupied RE [Member]
Summary of nonperforming assets
Total nonaccrual loans	155	1,061
Commercial [Member] | Non-owner occupied RE [Member]
Summary of nonperforming assets
Total nonaccrual loans	1,255	1,745
Commercial [Member] | Construction [Member]
Summary of nonperforming assets
Total nonaccrual loans	1,006	1,314
Commercial [Member] | Business [Member]
Summary of nonperforming assets
Total nonaccrual loans	202	503
Consumer [Member] | Real estate [Member]
Summary of nonperforming assets
Total nonaccrual loans	119	476
Consumer [Member] | Home equity [Member]
Summary of nonperforming assets
Total nonaccrual loans	577	386
Consumer [Member] | Construction [Member]
Summary of nonperforming assets
Total nonaccrual loans
Consumer [Member] | Other [Member]
Summary of nonperforming assets
Total nonaccrual loans	$ 44

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Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2012

Regulatory Matters [Abstract]

Summary of capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements

	Actual					OCC Required Capital Ratio Minimum					For capital adequacy purposes minimum					To be well capitalized under prompt corrective action provisions minimum
(dollars in thousands)	Amount		Ratio			Amount		Ratio			Amount		Ratio			Amount		Ratio
As of December 31, 2012
The Bank
Total Capital (to risk weighted assets)	$	83,763		13.0	%		n/a		n/a			51,498		8.0	%		64,372		10.0	%
Tier 1 Capital (to risk weighted assets)		75,704		11.8	%		n/a		n/a			25,749		4.0	%		38,623		6.0	%
Tier 1 Capital (to average assets)		75,704		9.6	%		n/a		n/a			31,492		4.0	%		39,366		5.0	%
The Company
Total Capital (to risk weighted assets)		84,006		13.1	%		n/a		n/a			51,498		8.0	%		n/a		n/a
Tier 1 Capital (to risk weighted assets)		75,947		11.8	%		n/a		n/a			25,749		4.0	%		n/a		n/a
Tier 1 Capital (to average assets)		75,947		9.7	%		n/a		n/a			31,492		4.0	%		n/a		n/a
As of December 31, 2011
The Bank
Total Capital (to risk weighted assets)	$	80,885		13.1	%		74,095		12.0	%		49,397		8.0	%		61,746		10.0	%
Tier 1 Capital (to risk weighted assets)		73,152		11.9	%		61,746		10.0	%		24,698		4.0	%		37,047		6.0	%
Tier 1 Capital (to average assets)		73,152		9.5	%		69,571		9.0	%		30,920		4.0	%		38,651		5.0	%
The Company
Total Capital (to risk weighted assets)		82,231		13.3	%		n/a		n/a			49,397		8.0	%		n/a		n/a
Tier 1 Capital (to risk weighted assets)		74,498		12.1	%		n/a		n/a			24,698		4.0	%		n/a		n/a
Tier 1 Capital (to average assets)		74,498		9.6	%		n/a		n/a			30,920		4.0	%		n/a		n/a

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Summary of Significant Accounting Policies and Activities

12 Months Ended

Dec. 31, 2012

Summary Of Significant Accounting Policies and Activities [Abstract]

Summary of Significant Accounting Policies and Activities

NOTE 1 – Summary of Significant Accounting Policies and Activities

Southern First Bancshares, Inc.,(the “Company”) is a bank holding company, organized in South Carolina, whose principal activity is the ownership and management of its wholly-owned subsidiary, Southern First Bank, N.A. (the “Bank”). The Bank is a national bank organized under the laws of the United States and located in Greenville, Lexington, Richland, and Charleston Counties in South Carolina. The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation, and providing commercial, consumer and mortgage loans to the general public. The Greenville First Statutory Trusts I and II (“Trusts”) are special purpose subsidiaries organized for the sole purpose of issuing an aggregate of $13.4 million of trust preferred securities.

Basis of Presentation

The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Southern First Bank, N.A. We have no additional reportable operating segments under Accounting Standards Codification (“ASC”) 280 “Segment Reporting.” In consolidation, all significant intercompany transactions have been eliminated. The accounting and reporting policies conform to accounting principles generally accepted in the United States of America. In accordance with guidance issued by the Financial Accounting Standards Board (“FASB”), the operations of the Trusts have not been consolidated in these financial statements.

Use of Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amount of income and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, real estate acquired in settlement of loans, fair value of financial instruments, evaluating other-than-temporary-impairment of investment securities and valuation of deferred tax assets.

Risks and Uncertainties

In the normal course of its business, the Company encounters two significant types of risks: economic and regulatory. There are three main components of economic risk: interest rate risk, credit risk and market risk. The Company is subject to interest rate risk to the degree that its interest-bearing liabilities mature or reprice at different speeds, or on different bases, than its interest-earning assets. Credit risk is the risk of default within the Company’s loan portfolio that results from borrowers’ inability or unwillingness to make contractually required payments. Market risk reflects changes in the value of collateral underlying loans receivable and the valuation of real estate held by the Company.

The Company is subject to the regulations of various governmental agencies. These regulations can and do change significantly from period to period. The Company also undergoes periodic examinations by the regulatory agencies, which may subject it to changes with respect to valuation of assets, amount of required loan loss allowance and operating restrictions resulting from the regulators’ judgments based on information available to them at the time of their examinations.

The Bank makes loans to individuals and businesses in the Upstate, Midlands, and Lowcountry regions of South Carolina for various personal and commercial purposes. The Bank’s loan portfolio has a concentration of real estate loans. As of December 31, 2012 and 2011, real estate loans represented 80.9 and 79.8%, respectively, of total loans. However, borrowers’ ability to repay their loans is not dependent upon any specific economic sector.

Subsequent Events

Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date.

On January 3, 2013, the Office of the Comptroller of the Currency (“OCC”) notified the Bank that, effective December 19, 2012, it is no longer subject to the Formal Written Agreement (the “Formal Agreement”) entered into on June 8, 2010, as further described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on June 14, 2010. In addition, the OCC notified the Bank that, effective December 19, 2012, it is no longer subject to the Individual Minimum Capital Ratios established for the Bank on May 24, 2010, which required the Bank to maintain a tier 1 leverage capital ratio of at least 8.00%, a tier 1 risk-based capital ratio of at least 10.00%, and a total risk-based capital ratio of at least 12.00%.

On January 9, 2013, the Company redeemed $500,000 of its outstanding preferred stock from one of its preferred shareholders for $480,000, or 96% of par value. No adjustments have been recorded in these Consolidated Financial Statements.

On January 22, 2013, the Company’s Board of Directors approved a 10 percent stock dividend to the Company’s shareholders. The record date was February 1, 2013 and the distribution date was February 15, 2013. Earnings per share and average shares outstanding have been adjusted to reflect the stock dividend in our financial statements and accompanying footnotes. Management performed an evaluation to determine whether or not there have been any subsequent events through the date of this filing, and no subsequent events occurred requiring accrual or disclosure other than the stock dividend.

Reclassifications

Certain amounts, previously reported, have been reclassified to state all periods on a comparable basis and had no effect on shareholders’ equity or net income.

Correction of an Error

During the third quarter of 2011, the Company determined that it had been accounting for its preferred stock and related discount accretion in error since the issuance of the preferred stock in February 2009. All prior period amounts related to preferred stock, discount accretion, net income (loss) to common shareholders and earnings (loss) per common share have been restated. The error was not material to the interim or annual financial statements. Correction of this error also required reclassifications within shareholders’ equity that increased preferred stock, decreased additional paid in capital, and decreased retained earnings.

The tables below quantify the differences between the amounts filed and restated for the respective periods presented in these Financial Statements.

	December 31, 2010
(dollars in thousands)	As filed		As restated
Preferred stock	$	14,960		16,317
Additional paid-in capital		37,629		36,729
Retained earnings		7,299		6,842
	$	59,888		59,888

	December 31, 2010
(dollars in thousands)	As filed			As restated
Net income	$	890			890
Preferred stock dividend		865			865
Discount accretion		472			260
Net income (loss) to common shareholders	$	(447	)		(235	)
Earnings (loss) per common share
Basic	$	(0.12	)		(0.06	)
Diluted		(0.12	)		(0.06	)

Cash and Cash Equivalents

Cash and cash equivalents include cash and due from banks, interest bearing deposits and federal funds sold. Cash and cash equivalents have original maturities of three months or less, and federal funds sold are generally purchased and sold for one-day periods. Accordingly, the carrying value of these instruments is deemed to be a reasonable estimate of fair value. At December 31, 2012 and 2011, included in cash and cash equivalents was $15.6 million and $15.0 million, respectively, on deposit to meet Federal Reserve Bank requirements.

Investment Securities

We classify our investment securities as held to maturity securities, trading securities and available for sale securities as applicable.

Debt securities are designated as held to maturity if we have the intent and the ability to hold the securities to maturity. Held to maturity securities are carried at amortized cost, adjusted for the amortization of any related premiums or the accretion of any related discounts into interest income using a methodology which approximates a level yield of interest over the estimated remaining period until maturity. Unrealized losses on held to maturity securities, reflecting a decline in value judged by us to be other than temporary, are charged to income in the Consolidated Statements of Income.

Debt and equity securities that are purchased and held principally for the purpose of selling in the near term are reported as trading securities. Trading securities are carried at fair value with unrealized holding gains and losses included in earnings.

We classify debt and equity securities as available for sale when at the time of purchase we determine that such securities may be sold at a future date or if we do not have the intent or ability to hold such securities to maturity. Securities designated as available for sale are recorded at fair value. Changes in the fair value of debt and equity securities available for sale are included in shareholders’ equity as unrealized gains or losses, net of the related tax effect. Unrealized losses on available for sale securities, reflecting a decline in value judged to be other than temporary, are charged to income in the Consolidated Statements of Income. Realized gains or losses on available for sale securities are computed on the specific identification basis.

Other Investments

The Bank, as a member institution, is required to own stock investments in the Federal Home Loan Bank of Atlanta (“FHLB”) and the Federal Reserve Bank. These stocks are generally pledged against any borrowings from these institutions. No ready market exists for these stocks and they have no quoted market value. However, redemption of these stocks has historically been at par value. Other investments also include a $403,000 investment in the Trusts.

Loans

Loans are stated at the principal balance outstanding. Unamortized net loan fees and the allowance for possible loan losses are deducted from total loans on the balance sheets. Interest income is recognized over the term of the loan based on the principal amount outstanding. The net of loan origination fees received and direct costs incurred in the origination of loans is deferred and amortized to interest income over the contractual life of the loans adjusted for actual principal prepayments using a method approximating the interest method.

Nonaccrual and Past Due Loans

Loans are generally placed on nonaccrual status when principal or interest becomes 90 days past due, or when payment in full is not anticipated. When a loan is placed on nonaccrual status, interest accrued but not received is generally reversed against interest income. Cash receipts on nonaccrual loans are not recorded as interest income, but are used to reduce the loan’s principal balance. A nonaccrual loan is generally returned to accrual status and accrual of interest is resumed when payments have been made according to the terms and conditions of the loan for a continuous six month period. Our loans are considered past due when contractually required principal or interest payments have not been made on the due dates.

Nonperforming Assets

Nonperforming assets include real estate acquired through foreclosure or deed taken in lieu of foreclosure, loans on nonaccrual status and loans past due 90 days or more and still accruing interest. Loans are placed on nonaccrual status when, in the opinion of management, the collection of additional interest is uncertain. Thereafter no interest is taken into income until such time as the borrower demonstrates the ability to pay both principal and interest.

Impaired Loans

Our impaired loans include loans on nonaccrual status and loans modified in a troubled debt restructuring (“TDR”), whether on accrual or nonaccrual status. For loans that are classified as impaired, an allowance is established when the fair value (discounted cash flows, collateral value, or observable market price) of the impaired loan less costs to sell, are lower than the carrying value of that loan. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due, among other factors. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including, without limitation, the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer loans for impairment disclosures, unless such loans are the subject of a restructuring agreement.

Loan Charge-off Policy

For commercial loans, we generally fully charge off or charge collateralized loans down to net realizable value when management determines the loan to be uncollectible; repayment is deemed to be projected beyond reasonable time frames; the loan has been classified as a loss by either our internal loan review process or our banking regulatory agencies; the client has filed bankruptcy and the loss becomes evident owing to a lack of assets; or the loan is 120 days past due unless both well-secured and in the process of collection. For consumer loans, we generally charge down to net realizable value when the loan is 180 days past due.

Troubled Debt Restructuring (TDRs)

The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company provides concessions such that we will not collect all principal and interest in accordance with the original terms of the loan agreement. Concessions can relate to the contractual interest rate, maturity date, or payment structure of the note. As part of our workout plan for individual loan relationships, we may restructure loan terms to assist borrowers facing challenges in the current economic environment.

Our policy with respect to accrual of interest on loans restructured in a TDR follows relevant supervisory guidance. That is, if a borrower has demonstrated performance under the previous loan terms and shows capacity to perform under the restructured loan terms; continued accrual of interest at the restructured interest rate is likely. If a borrower was materially delinquent on payments prior to the restructuring, but shows capacity to meet the restructured loan terms, the loan will likely continue as nonaccrual going forward. Lastly, if the borrower does not perform under the restructured terms, the loan is placed on nonaccrual status. We will continue to closely monitor these loans and will cease accruing interest on them if management believes that the borrowers may not continue performing based on the restructured note terms. If, after previously being classified as a TDR, a loan is restructured a second time, then that loan is automatically placed on nonaccrual status. Our policy with respect to nonperforming loans requires the borrower to make a minimum of six consecutive payments in accordance with the loan terms before that loan can be placed back on accrual status. Further, the borrower must show capacity to continue performing into the future prior to restoration of accrual status. To date, we have not restored any nonaccrual loans classified as a TDR to accrual status.

As a result of adopting the amendments in Accounting Standards Update (“ASU”) 2011-02, we reassessed all restructurings that occurred on or after the beginning of the fiscal year of adoption (January 1, 2011) to determine whether they are considered TDRs under the amended guidance. The amendments in ASU 2011-02 require prospective application of the impairment measurement guidance in ASC 310-10-35 for those loans newly identified as impaired. In the determination of the allowance for loan losses, management considers TDRs on commercial loans and subsequent defaults in these restructurings by measuring impairment, on a loan by loan basis, based on either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral, less costs to sell, if the loan is collateral dependent. Consumer loans, which we typically consider to be homogeneous, are collectively evaluated for impairment.

Allowance for Loan Losses

The allowance for loan losses is management’s estimate of credit losses inherent in the loan portfolio. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.

We have an established process to determine the adequacy of the allowance for loan losses that assesses the losses inherent in our portfolio. While we attribute portions of the allowance to specific portfolio segments, the entire allowance is available to absorb credit losses inherent in the total loan portfolio. Our process involves procedures to appropriately consider the unique risk characteristics of our commercial and consumer loan portfolio segments. For each portfolio segment, impairment is measured collectively for groups of smaller loans with similar characteristics and individually for larger impaired loans. Our allowance levels are influenced by loan volumes, loan grade migration or delinquency status, historic loss experience and other economic conditions. See Critical Accounting Policies for additional information on the Allowance for Loan Losses.

Other Real Estate Owned

Real estate acquired in settlement of loans is initially recorded at the lower of cost or estimated fair value. Subsequent to the date of acquisition, it is carried at the lower of cost or fair value, adjusted for net selling costs. Fair values of real estate owned are reviewed regularly and writedowns are recorded when it is determined that the carrying value of real estate exceeds the fair value less estimated costs to sell. Costs relating to the development and improvement of such property are capitalized, whereas those costs relating to holding the property are expensed.

Property and Equipment

Property and equipment are stated at cost. Major repairs are charged to operations, while major improvements are capitalized. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Upon retirement, sale, or other disposition of property and equipment, the cost and accumulated depreciation are eliminated from the accounts, and gain or loss is included in income from operations.

Construction in progress is stated at cost, which includes the cost of construction and other direct costs attributable to the construction. No provision for depreciation is made on construction in progress until such time as the relevant assets are completed and put into use.

Bank Owned Life Insurance Policies

Bank owned life insurance policies represent the cash value of policies on certain officers of the Company.

Securities Sold Under Agreements to Repurchase

The Bank enters into sales of securities under agreements to repurchase (reverse repurchase agreements). Repurchase agreements are treated as financing, with the obligation to repurchase securities sold being reflected as a liability and the securities underlying the agreements remaining as assets in the Consolidated Balance Sheets.

Comprehensive Income (Loss)

Comprehensive income (loss) consists of net income and net unrealized gains (losses) on securities and is presented in the statements of shareholders’ equity and comprehensive income. The statement requires only additional disclosures in the consolidated financial statements; it does not affect our results of operations.

Income Taxes

The financial statements have been prepared on the accrual basis. When income and expenses are recognized in different periods for financial reporting purposes versus for the purposes of computing income taxes currently payable, deferred taxes are provided on such temporary differences. Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been recognized in the consolidated financial statements or tax returns. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. The Company believes that its income tax filing positions taken or expected to be taken on its tax returns will more likely than not be sustained upon audit by the taxing authorities and does not anticipate any adjustments that will result in a material adverse impact on the Company’s financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded pursuant to FIN 48. The Company’s federal and state income tax returns are open and subject to examination from the 2009 tax return year and forward.

Stock-Based Compensation

The Company has a stock-based employee compensation plan. Compensation cost is recognized for all stock options granted and for any outstanding unvested awards as if the fair value method had been applied to those awards as of the date of grant.

Recently Adopted Accounting Pronouncements

The following is a summary of recent authoritative pronouncements that impacted the accounting, reporting, and/or disclosure of financial information by the Company.

In April 2011 the FASB issued ASU 2011-02 to assist creditors with their determination of when a restructuring is a TDR. The determination is based on whether the restructuring constitutes a concession and whether the debtor is experiencing financial difficulties as both events must be present. Disclosures related to TDRs under ASU 2011-02 have been presented in Note 4.

ASU 2011-04 was issued in May 2011 to amend the Fair Value Measurement topic of the ASC by clarifying the application of existing fair value measurement and disclosure requirements and by changing particular principles or requirements for measuring fair value or for disclosing information about fair value measurements. Disclosures related to Fair Value Measurement have been presented in Note 11.

The Comprehensive Income topic of the ASC was amended in June 2011. The amendment eliminates the option to present other comprehensive income as a part of the statement of changes in stockholders’ equity and requires consecutive presentation of the statement of net income and other comprehensive income. The amendments were applicable to the Company on January 1, 2012 and have been applied retrospectively. In December 2011, the topic was further amended to defer the effective date of presenting reclassification adjustments from other comprehensive income to net income on the face of the financial statements. Companies should continue to report reclassifications out of accumulated other comprehensive income consistent with the presentation requirements in effect prior to the amendments while FASB finalizes its conclusions regarding future requirements.

The FASB amended the Comprehensive Income topic of the ASC in February 2013. The amendment addresses reporting of amounts reclassified out of accumulated other comprehensive income. Specifically, the amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendments do require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, in certain circumstances an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. The amendments will be effective for the Company on a prospective basis for reporting periods beginning after December 15, 2012. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements.

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Loans and Allowance for Loan Losses (Details 5) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Summary of key information for impaired loans
Unpaid Principal Balance	$ 21,465	$ 21,028
Impaired Loans	17,588	17,693
Impaired loans with related allowance for loan losses	9,505	13,188
Related allowance for loan losses	3,649	3,937
Commercial [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	19,440	18,715
Impaired Loans	15,563	15,380
Impaired loans with related allowance for loan losses	8,738	11,963
Related allowance for loan losses	3,534	3,753
Commercial [Member] | Owner occupied RE [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	3,071	5,070
Impaired Loans	2,271	5,070
Impaired loans with related allowance for loan losses	2,116	4,922
Related allowance for loan losses	398	870
Commercial [Member] | Non-owner occupied RE [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	7,497	4,685
Impaired Loans	7,162	3,638
Impaired loans with related allowance for loan losses	2,218	985
Related allowance for loan losses	831	578
Commercial [Member] | Construction [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	4,824	4,056
Impaired Loans	2,082	2,068
Impaired loans with related allowance for loan losses	1,075	1,597
Related allowance for loan losses	213	498
Commercial [Member] | Business [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	4,048	4,904
Impaired Loans	4,048	4,604
Impaired loans with related allowance for loan losses	3,329	4,459
Related allowance for loan losses	2,092	1,807
Consumer [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	2,025	2,313
Impaired Loans	2,025	2,313
Impaired loans with related allowance for loan losses	767	1,225
Related allowance for loan losses	115	184
Consumer [Member] | Real estate [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	985	1,694
Impaired Loans	985	1,694
Impaired loans with related allowance for loan losses	162	839
Related allowance for loan losses	24	126
Consumer [Member] | Home equity [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	770	386
Impaired Loans	770	386
Impaired loans with related allowance for loan losses	605	386
Related allowance for loan losses	91	58
Consumer [Member] | Construction [Member]
Summary of key information for impaired loans
Unpaid Principal Balance
Impaired Loans
Impaired loans with related allowance for loan losses
Related allowance for loan losses
Consumer [Member] | Other [Member]
Summary of key information for impaired loans
Unpaid Principal Balance	270	233
Impaired Loans	270	233
Impaired loans with related allowance for loan losses
Related allowance for loan losses

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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies [Abstract]

Summary of estimated future minimum lease payments under noncancelable operating leases

(dollars in thousands)	For the years ended December 31,
2013	$	1,825
2014		1,841
2015		796
2016		795
2017		120
Thereafter		1,143
	$	6,520

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Regulatory Matters

12 Months Ended

Dec. 31, 2012

Regulatory Matters [Abstract]

Regulatory Matters

NOTE 21 – Regulatory Matters

The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company and Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios (set forth in the table below) of Total and Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. Total capital includes Tier 1 and Tier 2 capital. Tier 2 capital consists of the allowance for loan losses subject to certain limitations. Management believes, as of December 31, 2012, that the Company and Bank exceed all well capitalized requirements to which they are subject.

The OCC notified the Bank that, effective December 19, 2012, it is no longer subject to the Formal Written Agreement (the “Formal Agreement”) entered into on June 8, 2010. In addition, the OCC notified the Bank that, effective December 19, 2012, it is no longer subject to the Individual Minimum Capital Ratios established for the Bank on May 24, 2010, which required the Bank to maintain a tier 1 leverage capital ratio of at least 8.00%, a tier 1 risk-based capital ratio of at least 10.00%, and a total risk-based capital ratio of at least 12.00%.

The following table summarizes the capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements at December 31, 2012 and 2011.

	Actual					OCC Required Capital Ratio Minimum					For capital adequacy purposes minimum					To be well capitalized under prompt corrective action provisions minimum
(dollars in thousands)	Amount		Ratio			Amount		Ratio			Amount		Ratio			Amount		Ratio
As of December 31, 2012
The Bank
Total Capital (to risk weighted assets)	$	83,763		13.0	%		n/a		n/a			51,498		8.0	%		64,372		10.0	%
Tier 1 Capital (to risk weighted assets)		75,704		11.8	%		n/a		n/a			25,749		4.0	%		38,623		6.0	%
Tier 1 Capital (to average assets)		75,704		9.6	%		n/a		n/a			31,492		4.0	%		39,366		5.0	%
The Company
Total Capital (to risk weighted assets)		84,006		13.1	%		n/a		n/a			51,498		8.0	%		n/a		n/a
Tier 1 Capital (to risk weighted assets)		75,947		11.8	%		n/a		n/a			25,749		4.0	%		n/a		n/a
Tier 1 Capital (to average assets)		75,947		9.7	%		n/a		n/a			31,492		4.0	%		n/a		n/a
As of December 31, 2011
The Bank
Total Capital (to risk weighted assets)	$	80,885		13.1	%		74,095		12.0	%		49,397		8.0	%		61,746		10.0	%
Tier 1 Capital (to risk weighted assets)		73,152		11.9	%		61,746		10.0	%		24,698		4.0	%		37,047		6.0	%
Tier 1 Capital (to average assets)		73,152		9.5	%		69,571		9.0	%		30,920		4.0	%		38,651		5.0	%
The Company
Total Capital (to risk weighted assets)		82,231		13.3	%		n/a		n/a			49,397		8.0	%		n/a		n/a
Tier 1 Capital (to risk weighted assets)		74,498		12.1	%		n/a		n/a			24,698		4.0	%		n/a		n/a
Tier 1 Capital (to average assets)		74,498		9.6	%		n/a		n/a			30,920		4.0	%		n/a		n/a

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Dividends

12 Months Ended

Dec. 31, 2012

Dividends Disclosure [Abstract]

Dividends

NOTE 20 – Dividends

The ability of the Company to pay cash dividends is dependent upon receiving cash in the form of dividends from the Bank. The dividends that may be paid by the Bank to the Company are subject to legal limitations and regulatory capital requirements. The approval of the OCC is required if the total of all dividends declared by a national bank in any calendar year exceeds the total of its net profits for that year combined with its retained net profits for the preceding two years, less any required transfers to surplus.

Also, the payment of cash dividends on the Company’s common stock by the Company in the future will be subject to certain other legal and regulatory limitations (including the requirement that the Company’s capital be maintained at certain minimum levels) and will be subject to ongoing review by banking regulators. The Federal Reserve has issued a policy statement regarding the payment of dividends by bank holding companies. In general, the Federal Reserve’s policies provide that dividends should be paid only out of current earnings and only if the prospective rate of earnings retention by the bank holding company appears consistent with the organization’s capital needs, asset quality and overall financial condition. Further, as long as shares of our Series T Preferred Stock are outstanding, no dividends may be paid on our common stock unless all dividends on the Series T Preferred Stock have been paid in full. The Series T Preferred Stock is entitled to cumulative dividends at a rate of 5% per annum for the first five years until 2014, and 9% per annum thereafter.

On January 15, 2013, the Company’s Board of Directors approved a ten percent stock dividend to the Company’s shareholders. The record date was February 1, 2013 and the distribution date was February 15, 2013. On January 17, 2012, the Company’s Board of Directors also approved a ten percent stock dividend to the Company’s shareholders. The record date was February 3, 2012 and the distribution date was February 17, 2012. Earnings per share and average shares outstanding have been adjusted to reflect the stock dividend in our Consolidated Statements of Income.

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Warrants and Stock Options and Grant Plans (Details) (Stock Options [Member], USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Stock Options [Member]
Summary of the status of the stock option plan and changes
Shares Outstanding at beginning of year	455,698	428,469	451,428
Shares Granted	120,615	87,967	222,943
Shares Exercised	(17,867)	(16,615)	(23,792)
Shares Forfeited or expired	(1,972)	(44,123)	(222,110)
Shares Outstanding at end of year	556,474	455,698	428,469
Shares Options exercisable at year-end	257,290	181,059	137,383
Shares available for grant	229,616	350,231	438,199
Weighted average exercise price Outstanding at beginning of year	$ 6.76	$ 7.04	$ 6.68
Weighted average exercise price Granted	$ 6.31	$ 6.05	$ 5.67
Weighted average exercise price Exercised	$ 5.36	$ 4.65	$ 4.55
Weighted average exercise price Forfeited or expired	$ 5.17	$ 8.76	$ 5.35
Weighted average exercise price Outstanding at end of year	$ 6.72	$ 6.76	$ 7.04
Aggregate Intrinsic Value Outstanding at end of year	$ 1,265,486	$ 117,017	$ 72,075
Aggregate Intrinsic Value Options exercisable at year-end	$ 1,265,486	$ 117,017	$ 72,075

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Investment Securities (Details Textual) (USD $)	3 Months Ended		12 Months Ended
	Sep. 30, 2011	Jun. 30, 2011	Dec. 31, 2012 Investment	Dec. 31, 2011 Investment	Dec. 31, 2010
Investment Securities (Textual)
Sale of mortgage-backed securities and state and municipal obligations		$ 26,900,000	$ 45,100,000
Reinvested securities mortgage backed securities and state and municipal obligations investments at current rates			18,100,000
Gain on sale of investment securities	(512,000)	535,000	363,000	23,000	1,156,000
Number of investments, Less than 12 months			20	10
OTTI charge to earnings on private-label collateralized mortgage obligation		25,000
Collateralized mortgage obligation sold as part of investment securities	2,500,000
Securities pledged as collateral for repurchase agreements from brokers			22,800,000	24,000,000
Securities pledged to secure client deposit			$ 10,500,000	$ 8,100,000

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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Summary of income tax expense

	For the years ended December 31,
(dollars in thousands)	2012			2011			2010
Current income taxes:
Federal	$	2,031			1,627			1,238
State		98			63			60
Total current tax expense		2,129			1,690			1,298
Deferred income tax benefit		(296	)		(857	)		(1,105	)
Income tax expense	$	1,833			833			193

Summary of the items that caused recorded income taxes to differ from taxes computed using the statutory tax rate

	For the years ended December 31,
(dollars in thousands)	2012			2011			2010
Tax expense at statutory rate	$	1,936			993			368
Effect of state income taxes		65			74			40
Exempt income and other		(168	)		(234	)		(215	)
Income tax expense	$	1,833			833			193

Summary of the deferred tax assets and liabilities

	December 31,
(dollars in thousands)	2012		2011
Deferred tax assets:
Allowance for loan losses	$	3,091		3,035
Net deferred loan fees		326		207
Interest on nonaccrual loans		617		625
Deferred compensation		577		408
Sale of real estate owned		212		235
Other		287		288
		5,110		4,798
Deferred tax liabilities:
Property and equipment		1,188		1,041
Unrealized gain on securities available for sale		607		536
Other		139		270
		1,934		1,847
Net deferred tax asset	$	3,176		2,951

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Parent Company Financial Information

12 Months Ended

Dec. 31, 2012

Parent Company Financial Information [Abstract]

Parent Company Financial Information

NOTE 22 – Parent Company Financial Information

Following is condensed financial information of Southern First Bancshares, Inc. (parent company only):

Condensed Balance Sheets

	December 31,
(dollars in thousands)	2012		2011
Assets
Cash and cash equivalents	$	82		16
Investment in subsidiaries		77,285		74,596
Other assets		1,578		1,336
Total assets	$	78,945	$	75,948
Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	$	17		6
Other borrowings		1,400		-
Junior subordinated debentures		13,403		13,403
Shareholders’ equity		64,125		62,539
Total liabilities and shareholders’ equity	$	78,945		75,948

Condensed Statements of Income

	For the years ended December 31,
	2012			2011			2010
Revenues
Interest income	$	-			1			11
Total revenue		-			1			11
Expenses
Interest expense		406			350			452
Other expenses		342			276			245
Total expenses		748			626			697
Income tax benefit		254			212			233
Loss before equity in undistributed net income of subsidiaries		(494	)		(413	)		(453	)
Equity in undistributed net income of subsidiaries		4,356			2,501			1,343
Net income	$	3,862			2,088			890

Condensed Statements of Cash Flows

	For the years ended December 31,
	2012			2011			2010
Operating activities
Net income	$	3,862			2,088			890
Adjustments to reconcile net income to net cash used for
operating activities
Equity in undistributed net income of subsidiaries		(4,356	)		(2,501	)		(1,343	)
Compensation expense related to stock options and restricted stock grants		341			276			245
Increase in other assets		(241	)		(194	)		(163	)
Increase (decrease) in accounts payable and accrued expenses		11			-			(47	)
Net cash used for operating activities		(383	)		(331	)		(418	)
Investing activities
Investment in subsidiaries		1,804			550			-
Net cash used for investing activities		1,804			550			-
Financing activities
Increase (decrease) in note payable		1,400			-			(4,250	)
Redemption of preferred stock		(1,100	)		-			-
Redemption of CPP Warrant		(904	)		-			-
Cash dividend on preferred stock		(845	)		(865	)		(865	)
Cash in lieu		(2	)		(1	)
Proceeds from the exercise of stock options and warrants		96			77			295
Net cash used for financing activities		(1,355	)		(789	)		(4,820	)
Net increase (decrease) in cash and cash equivalents		66			(570	)		(5,238	)
Cash and cash equivalents, beginning of year		16			586			5,824
Cash and cash equivalents, end of year	$	82			16			586

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Selected Condensed Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2012

Selected Condensed Quarterly Financial Data [Abstract]

Selected Condensed Quarterly Financial Data

NOTE 23 – Selected Condensed Quarterly Financial Data (Unaudited)

	2012
	For the quarters ended
(dollars in thousands, except share data)	March 31		June 30		September 30		December 31
Interest income	$	8,557		8,534		8,790		8,817
Interest expense		2,428		2,156		2,082		2,037
Net interest income		6,129		6,378		6,708		6,780
Provision for loan losses		1,200		1,275		1,125		950
Noninterest income		837		741		1,286		897
Noninterest expenses		4,779		4,655		5,025		5,053
Income before income tax expense		987		1,189		1,844		1,674
Income tax expense		299		374		618		541
Net income		688		815		1,226		1,133
Preferred stock dividends		216		216		204		204
Discount accretion (1)		73		106		180		-
Redemption of preferred stock		-		96		-		-
Net income available to common shareholders (1)	$	399		589		842		929
Earnings per common share (1)
Basic	$	0.09		0.14		0.20		0.22
Diluted	$	0.09		0.13		0.19		0.22
Weighted average common shares outstanding
Basic		4,222,622		4,225,993		4,229,819		4,241,280
Diluted		4,267,813		4,436,920		4,349,971		4,305,127

	2011
	For the quarters ended
	March 31		June 30		September 30		December 31
Interest income	$	8,605		8,887		8,851		8,799
Interest expense		3,204		3,085		2,877		2,688
Net interest income		5,401		5,802		5,974		6,111
Provision for loan losses		725		650		1,670		2,225
Noninterest income		556		618		723		873
Noninterest expenses		4,467		4,855		4,352		4,193
Income (loss) before income tax expense		765		915		675		566
Income tax expense (benefit)		228		287		192		126
Net income		537		628		483		440
Preferred stock dividends		216		216		216		217
Discount accretion (1)		68		69		70		72
Net income(loss) available to common shareholders (1)	$	253		343		197		151
Earnings (loss) per common share (1)
Basic	$	0.06		0.08		0.05		0.04
Diluted	$	0.06		0.08		0.05		0.04
Weighted average common shares outstanding
Basic		4,194,705		4,203,072		4,203,072		4,203,072
Diluted		4,291,538		4,300,180		4,328,383		4,225,569

(1) Amounts for the first two quarters of 2011 have been restated for a correction of an error. See Note 1 to the financial statements.

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Operating activities
Net income	$ 3,862	$ 2,088	$ 890
Adjustments to reconcile net income to cash provided by operating activities:
Provision for loan losses	4,550	5,270	5,610
Depreciation and other amortization	979	884	853
Accretion and amortization of securities discounts and premiums, net	850	1,066	1,092
Loss on sale of real estate owned	458	318	102
Write-down of real estate owned	419	782	569
Gain on sale of real estate held for investment		(150)
Gain on sale of investment securities:
Available for sale	(363)	(23)	(811)
Held to maturity			(345)
Other-than-temporary impairment on investment securities		25	450
Loss (gain) on sale of property and equipment		27	(18)
Compensation expense related to stock options and restricted stock grants	342	276	246
Increase in cash surrender value of bank owned life insurance	(632)	(565)	(554)
Decrease (increase) in deferred tax asset	(297)	(853)	1,100
Decrease in other assets, net	1,017	729	1,750
Increase (decrease) in other liabilities, net	690	1,316	(144)
Net cash provided by operating activities	11,875	11,190	10,790
Increase (decrease) in cash realized from:
Origination of loans, net	(53,279)	(31,878)	(6,539)
Purchase of property and equipment	(2,370)	(2,369)	(326)
Purchase of investment securities:
Available for sale	(35,014)	(81,591)	(112,858)
Other investments			(750)
Payment and maturity of investment securities:
Available for sale	12,031	14,374	21,904
Held to maturity			1,110
Other investments	130	1,146	138
Proceeds from sale of investment securities:
Available for sale	45,143	31,914	100,939
Held to maturity			8,358
Other investments			755
Purchase of life insurance policies		(3,000)
Proceeds from sale of property and equipment			18
Proceeds from sale of property held for investment		1,793
Proceeds from sale of other real estate owned	2,670	1,749	837
Net cash provided by (used for) investing activities	(30,689)	(67,862)	13,586
Increase (decrease) in cash realized from:
Increase in deposits, net	13,387	26,616	42,212
Increase (decrease) in note payable	1,400		(4,250)
Increase (decrease) in Federal Home Loan Bank advances and other borrowings	13,190		(20,000)
Redemption of preferred stock	(1,100)
Redemption of CPP warrant	(904)
Cash dividend on preferred stock	(845)	(865)	(865)
Cash in lieu of fractional shares	(2)	(1)
Proceeds from the exercise of stock options and warrants	96	77	295
Net cash provided by financing activities	25,222	25,827	17,392
Net increase (decrease) in cash and cash equivalents	6,408	(30,845)	41,768
Cash and cash equivalents, beginning of year	23,005	53,850	12,082
Cash and cash equivalents, end of year	29,413	23,005	53,850
Cash paid for
Interest	8,669	11,897	15,639
Income taxes	2,129	1,685
Schedule of non-cash transactions
Foreclosure of real estate	1,580	907	3,433
Unrealized (gain) loss on securities, net of income taxes	$ (137)	$ (1,723)	$ 1,641

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Summary of Significant Accounting Policies and Activities (Policies)

12 Months Ended

Dec. 31, 2012

Summary Of Significant Accounting Policies and Activities [Abstract]

Business activity

Southern First Bancshares, Inc.,(the “Company”) is a bank holding company, organized in South Carolina, whose principal activity is the ownership and management of its wholly-owned subsidiary, Southern First Bank, N.A. (the “Bank”). The Bank is a national bank organized under the laws of the United States and located in Greenville, Lexington, Richland, and Charleston Counties in South Carolina. The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation, and providing commercial, consumer and mortgage loans to the general public. The Greenville First Statutory Trusts I and II (“Trusts”) are special purpose subsidiaries organized for the sole purpose of issuing an aggregate of $13.4 million of trust preferred securities.

Basis of Presentation

Basis of Presentation

The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Southern First Bank, N.A. We have no additional reportable operating segments under Accounting Standards Codification (“ASC”) 280 “Segment Reporting.”  In consolidation, all significant intercompany transactions have been eliminated. The accounting and reporting policies conform to accounting principles generally accepted in the United States of America. In accordance with guidance issued by the Financial Accounting Standards Board (“FASB”), the operations of the Trusts have not been consolidated in these financial statements.

Use of Estimates

Use of Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amount of income and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, real estate acquired in settlement of loans, fair value of financial instruments, evaluating other-than-temporary-impairment of investment securities and valuation of deferred tax assets.

Risks and Uncertainties

Risks and Uncertainties

In the normal course of its business, the Company encounters two significant types of risks: economic and regulatory. There are three main components of economic risk: interest rate risk, credit risk and market risk. The Company is subject to interest rate risk to the degree that its interest-bearing liabilities mature or reprice at different speeds, or on different bases, than its interest-earning assets. Credit risk is the risk of default within the Company’s loan portfolio that results from borrowers’ inability or unwillingness to make contractually required payments. Market risk reflects changes in the value of collateral underlying loans receivable and the valuation of real estate held by the Company.

The Company is subject to the regulations of various governmental agencies. These regulations can and do change significantly from period to period. The Company also undergoes periodic examinations by the regulatory agencies, which may subject it to changes with respect to valuation of assets, amount of required loan loss allowance and operating restrictions resulting from the regulators’ judgments based on information available to them at the time of their examinations.

The Bank makes loans to individuals and businesses in the Upstate, Midlands, and Lowcountry regions of South Carolina for various personal and commercial purposes. The Bank’s loan portfolio has a concentration of real estate loans. As of December 31, 2012 and 2011, real estate loans represented 80.9 and 79.8%, respectively, of total loans. However, borrowers’ ability to repay their loans is not dependent upon any specific economic sector.

Subsequent Events

Subsequent Events

Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date.

On January 3, 2013, the Office of the Comptroller of the Currency (“OCC”) notified the Bank that, effective December 19, 2012, it is no longer subject to the Formal Written Agreement (the “Formal Agreement”) entered into on June 8, 2010, as further described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on June 14, 2010. In addition, the OCC notified the Bank that, effective December 19, 2012, it is no longer subject to the Individual Minimum Capital Ratios established for the Bank on May 24, 2010, which required the Bank to maintain a tier 1 leverage capital ratio of at least 8.00%, a tier 1 risk-based capital ratio of at least 10.00%, and a total risk-based capital ratio of at least 12.00%.

On January 9, 2013, the Company redeemed $500,000 of its outstanding preferred stock from one of its preferred shareholders for $480,000, or 96% of par value. No adjustments have been recorded in these Consolidated Financial Statements.

On January 22, 2013, the Company’s Board of Directors approved a 10 percent stock dividend to the Company’s shareholders. The record date was February 1, 2013 and the distribution date was February 15, 2013. Earnings per share and average shares outstanding have been adjusted to reflect the stock dividend in our financial statements and accompanying footnotes. Management performed an evaluation to determine whether or not there have been any subsequent events through the date of this filing, and no subsequent events occurred requiring accrual or disclosure other than the stock dividend.

Reclassifications

Reclassifications

Certain amounts, previously reported, have been reclassified to state all periods on a comparable basis and had no effect on shareholders’ equity or net income.

Correction of an Error

Correction of an Error

During the third quarter of 2011, the Company determined that it had been accounting for its preferred stock and related discount accretion in error since the issuance of the preferred stock in February 2009. All prior period amounts related to preferred stock, discount accretion, net income (loss) to common shareholders and earnings (loss) per common share have been restated. The error was not material to the interim or annual financial statements. Correction of this error also required reclassifications within shareholders’ equity that increased preferred stock, decreased additional paid in capital, and decreased retained earnings.

The tables below quantify the differences between the amounts filed and restated for the respective periods presented in these Financial Statements.

	December 31, 2010
(dollars in thousands)	As filed		As restated
Preferred stock	$	14,960		16,317
Additional paid-in capital		37,629		36,729
Retained earnings		7,299		6,842
	$	59,888		59,888

	December 31, 2010
(dollars in thousands)	As filed			As restated
Net income	$	890			890
Preferred stock dividend		865			865
Discount accretion		472			260
Net income (loss) to common shareholders	$	(447	)		(235	)
Earnings (loss) per common share
Basic	$	(0.12	)		(0.06	)
Diluted		(0.12	)		(0.06	)

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents include cash and due from banks, interest bearing deposits and federal funds sold. Cash and cash equivalents have original maturities of three months or less, and federal funds sold are generally purchased and sold for one-day periods. Accordingly, the carrying value of these instruments is deemed to be a reasonable estimate of fair value. At December 31, 2012 and 2011, included in cash and cash equivalents was $15.6 million and $15.0 million, respectively, on deposit to meet Federal Reserve Bank requirements.

Investment Securities

Investment Securities

We classify our investment securities as held to maturity securities, trading securities and available for sale securities as applicable.

Debt securities are designated as held to maturity if we have the intent and the ability to hold the securities to maturity. Held to maturity securities are carried at amortized cost, adjusted for the amortization of any related premiums or the accretion of any related discounts into interest income using a methodology which approximates a level yield of interest over the estimated remaining period until maturity. Unrealized losses on held to maturity securities, reflecting a decline in value judged by us to be other than temporary, are charged to income in the Consolidated Statements of Income.

Debt and equity securities that are purchased and held principally for the purpose of selling in the near term are reported as trading securities. Trading securities are carried at fair value with unrealized holding gains and losses included in earnings.

We classify debt and equity securities as available for sale when at the time of purchase we determine that such securities may be sold at a future date or if we do not have the intent or ability to hold such securities to maturity. Securities designated as available for sale are recorded at fair value. Changes in the fair value of debt and equity securities available for sale are included in shareholders’ equity as unrealized gains or losses, net of the related tax effect. Unrealized losses on available for sale securities, reflecting a decline in value judged to be other than temporary, are charged to income in the Consolidated Statements of Income. Realized gains or losses on available for sale securities are computed on the specific identification basis.

Other Investments

Other Investments

The Bank, as a member institution, is required to own stock investments in the Federal Home Loan Bank of Atlanta (“FHLB”) and the Federal Reserve Bank. These stocks are generally pledged against any borrowings from these institutions. No ready market exists for these stocks and they have no quoted market value. However, redemption of these stocks has historically been at par value. Other investments also include a $403,000 investment in the Trusts.

Loans

Loans

Loans are stated at the principal balance outstanding. Unamortized net loan fees and the allowance for possible loan losses are deducted from total loans on the balance sheets. Interest income is recognized over the term of the loan based on the principal amount outstanding. The net of loan origination fees received and direct costs incurred in the origination of loans is deferred and amortized to interest income over the contractual life of the loans adjusted for actual principal prepayments using a method approximating the interest method.

Nonaccrual and Past Due Loans

Nonaccrual and Past Due Loans

Loans are generally placed on nonaccrual status when principal or interest becomes 90 days past due, or when payment in full is not anticipated. When a loan is placed on nonaccrual status, interest accrued but not received is generally reversed against interest income. Cash receipts on nonaccrual loans are not recorded as interest income, but are used to reduce the loan’s principal balance. A nonaccrual loan is generally returned to accrual status and accrual of interest is resumed when payments have been made according to the terms and conditions of the loan for a continuous six month period. Our loans are considered past due when contractually required principal or interest payments have not been made on the due dates.

Nonperforming Assets

Nonperforming Assets

Nonperforming assets include real estate acquired through foreclosure or deed taken in lieu of foreclosure, loans on nonaccrual status and loans past due 90 days or more and still accruing interest. Loans are placed on nonaccrual status when, in the opinion of management, the collection of additional interest is uncertain. Thereafter no interest is taken into income until such time as the borrower demonstrates the ability to pay both principal and interest.

Impaired Loans

Impaired Loans

Our impaired loans include loans on nonaccrual status and loans modified in a troubled debt restructuring (“TDR”), whether on accrual or nonaccrual status. For loans that are classified as impaired, an allowance is established when the fair value (discounted cash flows, collateral value, or observable market price) of the impaired loan less costs to sell, are lower than the carrying value of that loan. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due, among other factors. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including, without limitation, the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer loans for impairment disclosures, unless such loans are the subject of a restructuring agreement.

Loan Charge-off Policy

Loan Charge-off Policy

For commercial loans, we generally fully charge off or charge collateralized loans down to net realizable value when management determines the loan to be uncollectible; repayment is deemed to be projected beyond reasonable time frames; the loan has been classified as a loss by either our internal loan review process or our banking regulatory agencies; the client has filed bankruptcy and the loss becomes evident owing to a lack of assets; or the loan is 120 days past due unless both well-secured and in the process of collection. For consumer loans, we generally charge down to net realizable value when the loan is 180 days past due.

Troubled Debt Restructuring (TDRs)

Troubled Debt Restructuring (TDRs)

The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company provides concessions such that we will not collect all principal and interest in accordance with the original terms of the loan agreement. Concessions can relate to the contractual interest rate, maturity date, or payment structure of the note. As part of our workout plan for individual loan relationships, we may restructure loan terms to assist borrowers facing challenges in the current economic environment.

Our policy with respect to accrual of interest on loans restructured in a TDR follows relevant supervisory guidance. That is, if a borrower has demonstrated performance under the previous loan terms and shows capacity to perform under the restructured loan terms; continued accrual of interest at the restructured interest rate is likely. If a borrower was materially delinquent on payments prior to the restructuring, but shows capacity to meet the restructured loan terms, the loan will likely continue as nonaccrual going forward. Lastly, if the borrower does not perform under the restructured terms, the loan is placed on nonaccrual status. We will continue to closely monitor these loans and will cease accruing interest on them if management believes that the borrowers may not continue performing based on the restructured note terms. If, after previously being classified as a TDR, a loan is restructured a second time, then that loan is automatically placed on nonaccrual status. Our policy with respect to nonperforming loans requires the borrower to make a minimum of six consecutive payments in accordance with the loan terms before that loan can be placed back on accrual status. Further, the borrower must show capacity to continue performing into the future prior to restoration of accrual status. To date, we have not restored any nonaccrual loans classified as a TDR to accrual status.

As a result of adopting the amendments in Accounting Standards Update (“ASU”) 2011-02, we reassessed all restructurings that occurred on or after the beginning of the fiscal year of adoption (January 1, 2011) to determine whether they are considered TDRs under the amended guidance. The amendments in ASU 2011-02 require prospective application of the impairment measurement guidance in ASC 310-10-35 for those loans newly identified as impaired. In the determination of the allowance for loan losses, management considers TDRs on commercial loans and subsequent defaults in these restructurings by measuring impairment, on a loan by loan basis, based on either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral, less costs to sell, if the loan is collateral dependent. Consumer loans, which we typically consider to be homogeneous, are collectively evaluated for impairment.

Allowance for Loan Losses

Allowance for Loan Losses

The allowance for loan losses is management’s estimate of credit losses inherent in the loan portfolio. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.

We have an established process to determine the adequacy of the allowance for loan losses that assesses the losses inherent in our portfolio. While we attribute portions of the allowance to specific portfolio segments, the entire allowance is available to absorb credit losses inherent in the total loan portfolio. Our process involves procedures to appropriately consider the unique risk characteristics of our commercial and consumer loan portfolio segments. For each portfolio segment, impairment is measured collectively for groups of smaller loans with similar characteristics and individually for larger impaired loans. Our allowance levels are influenced by loan volumes, loan grade migration or delinquency status, historic loss experience and other economic conditions. See Critical Accounting Policies for additional information on the Allowance for Loan Losses.

Other Real Estate Owned

Other Real Estate Owned

Real estate acquired in settlement of loans is initially recorded at the lower of cost or estimated fair value. Subsequent to the date of acquisition, it is carried at the lower of cost or fair value, adjusted for net selling costs. Fair values of real estate owned are reviewed regularly and writedowns are recorded when it is determined that the carrying value of real estate exceeds the fair value less estimated costs to sell. Costs relating to the development and improvement of such property are capitalized, whereas those costs relating to holding the property are expensed.

Property and Equipment

Property and Equipment

Property and equipment are stated at cost. Major repairs are charged to operations, while major improvements are capitalized. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Upon retirement, sale, or other disposition of property and equipment, the cost and accumulated depreciation are eliminated from the accounts, and gain or loss is included in income from operations.

Construction in progress is stated at cost, which includes the cost of construction and other direct costs attributable to the construction. No provision for depreciation is made on construction in progress until such time as the relevant assets are completed and put into use.

Bank Owned Life Insurance Policies

Bank Owned Life Insurance Policies

Bank owned life insurance policies represent the cash value of policies on certain officers of the Company.

Securities Sold Under Agreements to Repurchase

Securities Sold Under Agreements to Repurchase

The Bank enters into sales of securities under agreements to repurchase (reverse repurchase agreements). Repurchase agreements are treated as financing, with the obligation to repurchase securities sold being reflected as a liability and the securities underlying the agreements remaining as assets in the Consolidated Balance Sheets.

Comprehensive Income (Loss)

Comprehensive Income (Loss)

Comprehensive income (loss) consists of net income and net unrealized gains (losses) on securities and is presented in the statements of shareholders’ equity and comprehensive income. The statement requires only additional disclosures in the consolidated financial statements; it does not affect our results of operations.

Income Taxes

Income Taxes

The financial statements have been prepared on the accrual basis. When income and expenses are recognized in different periods for financial reporting purposes versus for the purposes of computing income taxes currently payable, deferred taxes are provided on such temporary differences. Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been recognized in the consolidated financial statements or tax returns. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. The Company believes that its income tax filing positions taken or expected to be taken on its tax returns will more likely than not be sustained upon audit by the taxing authorities and does not anticipate any adjustments that will result in a material adverse impact on the Company’s financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded pursuant to FIN 48. The Company’s federal and state income tax returns are open and subject to examination from the 2009 tax return year and forward.

Stock-Based Compensation

Stock-Based Compensation

The Company has a stock-based employee compensation plan. Compensation cost is recognized for all stock options granted and for any outstanding unvested awards as if the fair value method had been applied to those awards as of the date of grant.

Recently Adopted Accounting Pronouncements

Recently Adopted Accounting Pronouncements

The following is a summary of recent authoritative pronouncements that impacted the accounting, reporting, and/or disclosure of financial information by the Company.

In April 2011 the FASB issued ASU 2011-02 to assist creditors with their determination of when a restructuring is a TDR. The determination is based on whether the restructuring constitutes a concession and whether the debtor is experiencing financial difficulties as both events must be present. Disclosures related to TDRs under ASU 2011-02 have been presented in Note 4.

ASU 2011-04 was issued in May 2011 to amend the Fair Value Measurement topic of the ASC by clarifying the application of existing fair value measurement and disclosure requirements and by changing particular principles or requirements for measuring fair value or for disclosing information about fair value measurements. Disclosures related to Fair Value Measurement have been presented in Note 11.

The Comprehensive Income topic of the ASC was amended in June 2011. The amendment eliminates the option to present other comprehensive income as a part of the statement of changes in stockholders’ equity and requires consecutive presentation of the statement of net income and other comprehensive income. The amendments were applicable to the Company on January 1, 2012 and have been applied retrospectively. In December 2011, the topic was further amended to defer the effective date of presenting reclassification adjustments from other comprehensive income to net income on the face of the financial statements. Companies should continue to report reclassifications out of accumulated other comprehensive income consistent with the presentation requirements in effect prior to the amendments while FASB finalizes its conclusions regarding future requirements.

The FASB amended the Comprehensive Income topic of the ASC in February 2013. The amendment addresses reporting of amounts reclassified out of accumulated other comprehensive income. Specifically, the amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendments do require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, in certain circumstances an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. The amendments will be effective for the Company on a prospective basis for reporting periods beginning after December 15, 2012. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements.

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Unused Lines of Credit (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2012 LinesofCredit
Unused Lines of Credit (Textual)
Number of lines of credit	3
Line of credit to purchase federal fund	$ 30.5
Unused line of credit	17.3
Additional borrowings under FHLB	$ 32.4

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Federal Home Loan Bank Advances and Other Borrowings (Tables)

12 Months Ended

Dec. 31, 2012

Federal Home Loan Bank Advances and Other Borrowings [Abstract]

Summary of terms and maturities of advances of FHLB

	December 31,
(dollars in thousands)	2012					2011
Maturity	Amount		Rate			Amount		Rate
September 2, 2014	$	7,500		2.36	%	$	7,500		2.58	%
August 25, 2015		-		-			10,000		2.80	%
September 28, 2015		-		-			20,000		2.14	%
October 11, 2016		5,000		4.07	%		5,000		4.07	%
October 18, 2016		7,000		2.38	%		7,000		2.55	%
October 18, 2016		7,500		2.55	%		7,500		2.55	%
October 19, 2016		10,000		2.11	%		-		-
October 19, 2016		20,000		1.68	%		-		-
February 13, 2017		7,500		4.38	%		7,500		4.38	%
July 11, 2017		9,000		4.49	%		9,000		4.49	%
July 24, 2017		5,000		4.25	%		5,000		4.25	%
February 15, 2019		10,000		4.47	%		10,000		4.47	%
April 10, 2019		15,000		3.48	%		-		-
April 22, 2019		-		-			15,000		4.75	%
	$	103,500					103,500

Schedule of terms and maturities of structured debt agreements

(dollars in thousands)
Maturity	Amount		Rate
September 18, 2017	$	10,000		3.63	%
December 17, 2017		2,000		3.65	%
March 14, 2018		3,600		2.75	%
September 15, 2018		3,600		2.55	%
	$	19,200

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Investment Securities (Details 1) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Amortized costs and fair values of investment securities available for sale by contractual maturity
Due within one year, Amortized Cost	$ 417
Due within one year, Fair Value	421
Due after one through five years, Amortized Cost	3,690	520
Due after one through five years, Fair Value	3,671	527
Due after five through ten years, Amortized Cost	4,612	16,634
Due after five through ten years, Fair Value	5,031	17,163
Due after ten years, Amortized Cost	67,717	81,930
Due after ten years, Fair Value	69,099	82,970
Available for sale, Amortized Cost	76,436	99,084
Available-for-sale securities, investment securities, Fair Value	$ 78,222	$ 100,660

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Property and Equipment (Details 1)	12 Months Ended
	Dec. 31, 2012
Software [Member]
Schedule of estimated useful lives of property plant and equipment
Property and equipment, estimated useful life (in years)	3
Furniture and equipment [Member]
Schedule of estimated useful lives of property plant and equipment
Property and equipment, estimated useful life (in years)	5 to 7
Leasehold Improvements [Member]
Schedule of estimated useful lives of property plant and equipment
Property and equipment, estimated useful life (in years)	5 to 15
Buildings [Member]
Schedule of estimated useful lives of property plant and equipment
Property and equipment, estimated useful life (in years)	40

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Cash and cash equivalents:
Cash and due from banks	$ 13,063	$ 7,417
Interest-bearing deposits with banks	16,350	15,588
Total cash and cash equivalents	29,413	23,005
Investment securities:
Investment securities available for sale	78,222	100,660
Other investments	7,794	7,924
Total investment securities	86,016	108,584
Loans	645,949	598,634
Less - allowance for loan losses	(9,091)	(8,925)
Loans, net	636,858	589,709
Bank owned life insurance	18,725	18,093
Property and equipment, net	18,733	17,342
Deferred income taxes	3,176	2,951
Other assets	5,077	8,061
Total assets	797,998	767,745
LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits	576,299	562,912
Federal funds purchased	13,190
Federal Home Loan Bank advances and other borrowings	124,100	122,700
Junior subordinated debentures	13,403	13,403
Other liabilities	6,881	6,191
Total liabilities	733,873	705,206
Shareholders' equity:
Preferred stock, par value $.01 per share, 10,000,000 shares authorized, 16,299 and 17,299 shares issued and outstanding at December 31, 2012 and 2011, respectively	16,299	16,596
Common stock, par value $.01 per share, 10,000,000 shares authorized, 4,247,404 and 3,820,830 shares issued and outstanding at December 31, 2012 and 2011, respectively	43	38
Nonvested restricted stock	(160)	(16)
Additional paid-in capital	42,396	39,546
Accumulated other comprehensive income	1,178	1,041
Retained earnings	4,369	5,334
Total shareholders' equity	64,125	62,539
Total liabilities and shareholders' equity	$ 797,998	$ 767,745

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Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2012

Related Party Transactions [Abstract]

Summary of loan transactions with directors, including their affiliates and executive officers

	For the years ended December 31,
(dollars in thousands)	2012			2011
Balance, beginning of year	$	16,968			18,147
New loans		14,081			12,717
Less loan payments		(13,645	)		(13,896	)
Balance, end of year	$	17,404			16,968

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Related Party Transactions (Details) (Directors, their affiliates and executive officers [Member], USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Directors, their affiliates and executive officers [Member]
Summary of loan transactions with directors, including their affiliates and executive officers
Balance, beginning of year	$ 16,968	$ 18,147
New loans	14,081	12,717
Less loan payments	(13,645)	(13,896)
Balance, end of year	$ 17,404	$ 16,968

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Consolidated Statements of Shareholders' Equity (USD $) In Thousands, except Share data, unless otherwise specified		Total	Common stock	Preferred stock	Nonvested restricted stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Retained earnings
Beginning balance at Dec. 31, 2009	[1]	$ 59,841	$ 31	$ 16,056	$ (14)	$ 33,674	$ 484	$ 9,610
Beginning balance, shares at Dec. 31, 2009	[1]		3,094,481	17,299
Net income		890						890
Preferred stock transactions:
Cash dividends on Series T preferred stock		(865)						(865)
Discount accretion				261				(261)
Proceeds from exercise of stock options		295	1			294
Proceeds from exercise of stock options, shares			48,700
Stock dividend on common stock (10%)			3			2,529		(2,532)
Stock dividend on common stock (10%), shares			314,696
Amortization of deferred compensation on restricted stock		14			14
Compensation expense related to stock options, net of tax		232				232
Other comprehensive income		(1,191)					(1,191)
Balance at Dec. 31, 2010	[1]	59,216	35	16,317		36,729	(707)	6,842
Balance, shares at Dec. 31, 2010	[1]		3,457,877	17,299
Net income		2,088						2,088
Preferred stock transactions:
Cash dividends on Series T preferred stock		(865)						(865)
Discount accretion				279				(279)
Proceeds from exercise of stock options		77				77
Proceeds from exercise of stock options, shares			13,236
Stock dividend on common stock (10%)			3			2,448		(2,451)
Stock dividend on common stock (10%), shares			347,217
Cash in lieu of fractional shares		(1)						(1)
Issuance of restricted stock					(20)	20
Issuance of restricted stock, shares			2,500
Amortization of deferred compensation on restricted stock		4			4
Compensation expense related to stock options, net of tax		272				272
Other comprehensive income		1,748					1,748
Balance at Dec. 31, 2011		62,539	38	16,596	(16)	39,546	1,041	5,334
Balance, shares at Dec. 31, 2011			3,820,830	17,299
Net income		3,862						3,862
Preferred stock transactions:
Redemption of preferred stock		(904)		(1,000)				96
Redemption of preferred stock, shares				(1,000)
Redemption of CPP Warrant		(1,100)				(1,100)
Cash dividends on Series T preferred stock		(845)						(845)
Discount accretion				703		(343)		(360)
Proceeds from exercise of stock options		96	1			95
Proceeds from exercise of stock options, shares			15,336
Stock dividend on common stock (10%)			4			3,712		(3,716)
Stock dividend on common stock (10%), shares			388,738
Cash in lieu of fractional shares		(2)						(2)
Issuance of restricted stock					(175)	175
Issuance of restricted stock, shares			22,500
Amortization of deferred compensation on restricted stock		31			31
Compensation expense related to stock options, net of tax		311				311
Other comprehensive income		137					137
Balance at Dec. 31, 2012		$ 64,125	$ 43	$ 16,299	$ (160)	$ 42,396	$ 1,178	$ 4,369
Balance, shares at Dec. 31, 2012			4,247,404	16,299

[1] See Note 1 to the financial statements for information related to a correction of an error in 2010.

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Income Taxes (Details 1) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Summary of the items that caused recorded income taxes to differ from taxes computed using the statutory tax rate
Tax expense at statutory rate	$ 1,936	$ 993	$ 368
Effect of state income taxes	65	74	40
Exempt income and other	(168)	(234)	(215)
Income tax expense	$ 1,833	$ 833	$ 193

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Loans and Allowance for Loan Losses (Details 2) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Total commercial loans	$ 458,469	$ 443,549
Total consumer loans	187,480	155,085
Commercial [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	452,399	430,831
30-59 days past due	845	839
60-89 days past due	563	4,087
Greater than 90 days	4,662	7,792
Total commercial loans	458,469	443,549
Commercial [Member] | Owner occupied RE [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	157,036	144,922
30-59 days past due	306	20
60-89 days past due		3,004
Greater than 90 days	1,448	1,308
Total commercial loans	158,790	149,254
Commercial [Member] | Non-owner occupied RE [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	163,700	161,772
30-59 days past due		645
60-89 days past due	463	294
Greater than 90 days	1,000	1,912
Total commercial loans	165,163	164,623
Commercial [Member] | Construction [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	19,341	16,528
30-59 days past due		2
60-89 days past due
Greater than 90 days	1,006	1,311
Total commercial loans	20,347	17,841
Commercial [Member] | Business [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	112,322	107,609
30-59 days past due	539	172
60-89 days past due	100	789
Greater than 90 days	1,208	3,261
Total commercial loans	114,169	111,831
Consumer [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	186,411	153,595
30-59 days past due	660	428
60-89 days past due	44
Greater than 90 days	365	1,062
Total consumer loans	187,480	155,085
Consumer [Member] | Construction [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	13,749	5,546
30-59 days past due
60-89 days past due
Greater than 90 days
Total consumer loans	13,749	5,546
Consumer [Member] | Real estate [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	85,999	56,748
30-59 days past due	560	343
60-89 days past due
Greater than 90 days		707
Total consumer loans	86,559	57,798
Consumer [Member] | Home equity [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	77,430	82,229
30-59 days past due	100	80
60-89 days past due
Greater than 90 days	365	355
Total consumer loans	77,895	82,664
Consumer [Member] | Other [Member]
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status
Current	9,233	9,072
30-59 days past due		5
60-89 days past due	44
Greater than 90 days
Total consumer loans	$ 9,277	$ 9,077

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Employee Benefit Plan (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Profit Sharing and 401(k) Plan for eligible employees [Member]
Employee Benefit Plan (Textual)
Defined benefit plan, annually cost	$ 195,000	$ 176,000	$ 192,000
Supplemental Executive Retirement Plan (nonqualified deferred compensation plan) [Member]
Employee Benefit Plan (Textual)
Defined benefit plan, annually cost	497,000	381,000	128,000
Number of executive officers	14
Accrued benefit obligation	$ 1,700,000

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Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2012

Loans and Allowance For Loan Losses [Abstract]

Composition of loan portfolio

	December 31,
(dollars in thousands)	2012			2011
Commercial
Owner occupied	$	158,790			149,254
Non-owner occupied		165,163			164,623
Construction		20,347			17,841
Business		114,169			111,831
Total commercial loans		458,469			443,549
Consumer
Residential		86,559			57,798
Home equity		77,895			82,664
Construction		13,749			5,546
Other		9,277			9,077
Total consumer loans		187,480			155,085
Total gross loans, net of deferred fees		645,949			598,634
Less – allowance for loan losses		(9,091	)		(8,925	)
Total loans, net	$	636,858			589,709

Composition of gross loans by rate type

	December 31,
(dollars in thousands)	2012		2011
Variable rate loans	$	219,462		249,840
Fixed rate loans		426,487		348,794
	$	645,949		598,634

Summary of nonperforming assets

	December 31,
(dollars in thousands)	2012			2011
Commercial
Owner occupied RE	$	155			1,061
Non-owner occupied RE		1,255			1,745
Construction		1,006			1,314
Business		202			503
Consumer
Real estate		119			476
Home equity		577			386
Construction		-			-
Other		44			-
Nonaccruing troubled debt restructurings		4,809			4,779
Total nonaccrual loans, including nonaccruing TDRs		8,167			10,264
Other real estate owned		1,719			3,686
Total nonperforming assets	$	9,886			13,950
Nonperforming assets as a percentage of:
Total assets		1.24	%		1.82	%
Gross loans		1.53	%		2.33	%
Total loans over 90 days past due	$	5,027			8,854
Loans over 90 days past due and still accruing		-			-
Accruing TDRs		9,421			7,429

Summary of key information for impaired loans

			December 31, 2012
			Recorded investment
					Impaired loans
	Unpaid				with related		Related
	Principal		Impaired		allowance for		allowance for
(dollars in thousands)	Balance		loans		loan losses		loan losses
Commercial
Owner occupied RE	$	3,071		2,271		2,116		398
Non-owner occupied RE		7,497		7,162		2,218		831
Construction		4,824		2,082		1,075		213
Business		4,048		4,048		3,329		2,092
Total commercial		19,440		15,563		8,738		3,534
Consumer
Real estate		985		985		162		24
Home equity		770		770		605		91
Construction		-		-		-		-
Other		270		270		-		-
Total consumer		2,025		2,025		767		115
Total	$	21,465		17,588		9,505		3,649
			December 31, 2011
			Recorded investment
					Impaired loans
	Unpaid				with related		Related
	Principal		Impaired		allowance for		allowance for
	Balance		loans		loan losses		loan losses
Commercial
Owner occupied RE	$	5,070		5,070		4,922		870
Non-owner occupied RE		4,685		3,638		985		578
Construction		4,056		2,068		1,597		498
Business		4,904		4,604		4,459		1,807
Total commercial		18,715		15,380		11,963		3,753
Consumer
Real estate		1,694		1,694		839		126
Home equity		386		386		386		58
Construction		-		-		-		-
Other		233		233		-		-
Total consumer		2,313		2,313		1,225		184
Total	$	21,028		17,693		13,188		3,937

Average recorded investment and interest income recognized on impaired loans

	Year ended December 31,
	2012				2011				2010
	Average		Recognized		Average		Recognized		Average		Recognized
	recorded		interest		recorded		interest		recorded		interest
(dollars in thousands)	investment		income		investment		income		investment		income
Commercial
Owner occupied RE	$	3,881		17		3,521		220		960		47
Non-owner occupied RE		5,811		392		2,520		281		3,048		44
Construction		2,127		66		1,425		81		1,430		6
Business		3,880		84		3,331		207		2,688		118
Total commercial		15,699		559		10,797		789		8,126		215
Consumer
Real estate		1,397		44		1,729		64		1,764		37
Home equity		518		12		399		-		222		2
Construction		-		-		-		-		-		-
Other		240		14		38		13		7		1
Total consumer		2,155		70		2,166		77		1,993		40
Total	$	17,854		629		12,963		866		10,119		255

Summary of activity related to allowance for loan losses

	Year ended December 31,
(dollars in thousands)	2012			2011
Balance, beginning of period	$	8,925			8,386
Provision for loan losses		4,550			5,270
Loan charge-offs:
Commercial
Owner occupied RE		(1,857	)		(72	)
Non-owner occupied RE		(513	)		(1,052	)
Construction		-			(67	)
Business		(1,230	)		(3,243	)
Total commercial		(3,600	)		(4,434	)
Consumer
Real estate		(214	)		(129	)
Home equity		(691	)		(175	)
Construction		-			-
Other		-			(200	)
Total consumer		(905	)		(504	)
Total loan charge-offs		(4,505	)		(4,938	)
Loan recoveries:
Commercial
Owner occupied RE		4			14
Non-owner occupied RE		42			42
Construction		-			-
Business		27			149
Total commercial		73			205
Consumer
Real estate		2			-
Home equity		32			2
Construction		-			-
Other		14			-
Total consumer		48			2
Total recoveries		121			207
Net loan charge-offs		(4,384	)		(4,731	)
Balance, end of period	$	9,091			8,925

Summary of allowance for loan losses by commercial and consumer portfolio segments

	Year ended December 31, 2012
(dollars in thousands)	Commercial			Consumer			Unallocated			Total
Balance, beginning of period	$	8,061			864			-			8,925
Provision		3,447			1,103			-			4,550
Loan charge-offs		(3,600	)		(905	)		-			(4,505	)
Loan recoveries		73			48						121
Net loan charge-offs		(3,527	)		(857	)		-			(4,384	)
Balance, end of period	$	7,981			1,110			-			9,091
	Year ended December 31, 2011
	Commercial			Consumer			Unallocated			Total
Balance, beginning of period	$	6,706			1,447			233			8,386
Provision		5,584			(81	)		(233	)		5,270
Loan charge-offs		(4,434	)		(504	)		-			(4,938	)
Loan recoveries		205			2						207
Net loan charge-offs		(4,229	)		(502	)		-			(4,731	)
Balance, end of period	$	8,061			864			-			8,925

Allowance for loan losses and recorded investment in loans by impairment methodology

									December 31, 2012
	Allowance for loan losses						Recorded investment in loans
(dollars in thousands)	Commercial		Consumer		Total		Commercial		Consumer		Total
Individually evaluated	$	3,534		-		3,534		15,563		-		15,563
Collectively evaluated		4,447		1,110		5,557		442,906		187,480		630,396
Total	$	7,981		1,110		9,091		458,469		187,480		645,949
									December 31, 2011
	Allowance for loan losses						Recorded investment in loans
	Commercial		Consumer		Total		Commercial		Consumer		Total
Individually evaluated	$	3,753		-		3,753		15,380		-		15,380
Collectively evaluated		4,308		864		5,172		428,169		155,085		583,284
Total	$	8,061		864		8,925		443,549		155,085		598,634

Commercial [Member]

Financing Receivable, Recorded Investment, Past Due [Line Items]

Outstanding commercial and consumer loans which include loans on nonaccrual by past due status

							December 31, 2012
	Owner		Non-owner
(dollars in thousands)	occupied RE		occupied RE		Construction		Business		Total
Current	$	157,036		163,700		19,341		112,322		452,399
30-59 days past due		306		-		-		539		845
60-89 days past due		-		463		-		100		563
Greater than 90 days		1,448		1,000		1,006		1,208		4,662
	$	158,790		165,163		20,347		114,169		458,469

							December 31, 2011
	Owner		Non-owner
	occupied RE		occupied RE		Construction		Business		Total
Current	$	144,922		161,772		16,528		107,609		430,831
30-59 days past due		20		645		2		172		839
60-89 days past due		3,004		294		-		789		4,087
Greater than 90 days		1,308		1,912		1,311		3,261		7,792
	$	149,254		164,623		17,841		111,831		443,549

Outstanding commercial and consumer loans by risk category

							December 31, 2012
	Owner		Non-owner
(dollars in thousands)	occupied RE		occupied RE		Construction		Business		Total
Pass	$	148,255		141,352		18,265		105,024		412,896
Special Mention		7,446		9,358		-		2,750		19,554
Substandard		3,089		14,453		2,082		6,395		26,019
Doubtful		-		-		-		-		-
Loss		-		-		-		-		-
	$	158,790		165,163		20,347		114,169		458,469
							December 31, 2011
	Owner		Non-owner
	occupied RE		occupied RE		Construction		Business		Total
Pass	$	139,746		138,407		12,801		103,908		394,862
Special Mention		4,289		12,721		-		2,321		19,331
Substandard		5,219		13,495		5,040		5,602		29,356
Doubtful		-		-		-		-		-
Loss		-		-		-		-		-
	$	149,254		164,623		17,841		111,831		443,549

Consumer [Member]

Financing Receivable, Recorded Investment, Past Due [Line Items]

Outstanding commercial and consumer loans which include loans on nonaccrual by past due status

							December 31, 2012
(dollars in thousands)	Real estate		Home equity		Construction		Other		Total
Current	$	85,999		77,430		13,749		9,233		186,411
30-59 days past due		560		100		-		-		660
60-89 days past due		-		-		-		44		44
Greater than 90 days		-		365		-		-		365
	$	86,559		77,895		13,749		9,277		187,480
							December 31, 2011
	Real estate		Home equity		Construction		Other		Total
Current	$	56,748		82,229		5,546		9,072		153,595
30-59 days past due		343		80		-		5		428
60-89 days past due		-		-		-		-		-
Greater than 90 days		707		355		-		-		1,062
	$	57,798		82,664		5,546		9,077		155,085

Outstanding commercial and consumer loans by risk category

							December 31, 2012
(dollars in thousands)	Real estate		Home equity		Construction		Other		Total
Pass	$	83,173		73,718		13,749		8,752		179,392
Special Mention		2,307		2,290		-		170		4,767
Substandard		1,079		1,887		-		355		3,321
Doubtful		-		-		-		-		-
Loss		-		-		-		-		-
	$	86,559		77,895		13,749		9,277		187,480
							December 31, 2011
	Real estate		Home equity		Construction		Other		Total
Pass	$	54,973		79,129		5,546		8,637		148,285
Special Mention		525		2,142		-		65		2,732
Substandard		2,300		1,393		-		375		4,068
Doubtful		-		-		-		-		-
Loss		-		-		-		-		-
	$	57,798		82,664		5,546		9,077		155,085

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Loans and Allowance for Loan Losses (Details 8) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Summary of activity related to our allowance for loan losses
Balance, beginning of period				$ 8,925				$ 8,386	$ 8,925	$ 8,386
Provision	950	1,125	1,275	1,200	2,225	1,670	650	725	4,550	5,270	5,610
Loan charge-offs									(4,505)	(4,938)
Loan recoveries									121	207
Net loan charge-offs									(4,384)	(4,731)
Balance, end of period	9,091				8,925				9,091	8,925	8,386
Commercial Portfolio Segment [Member]
Summary of activity related to our allowance for loan losses
Balance, beginning of period				8,061				6,706	8,061	6,706
Provision									3,447	5,584
Loan charge-offs									(3,600)	(4,434)
Loan recoveries									73	205
Net loan charge-offs									(3,527)	(4,229)
Balance, end of period	7,981				8,061				7,981	8,061
Consumer Portfolio Segment [Member]
Summary of activity related to our allowance for loan losses
Balance, beginning of period				864				1,447	864	1,447
Provision									1,103	(81)
Loan charge-offs									(905)	(504)
Loan recoveries									48	2
Net loan charge-offs									(857)	(502)
Balance, end of period	1,110				864				1,110	864
Unallocated Financing Receivables [Member]
Summary of activity related to our allowance for loan losses
Balance, beginning of period								233		233
Provision										(233)
Loan charge-offs
Loan recoveries
Net loan charge-offs
Balance, end of period

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Income Taxes

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Income Taxes

NOTE 14 – Income Taxes

The components of income tax expense were as follows:

	For the years ended December 31,
(dollars in thousands)	2012			2011			2010
Current income taxes:
Federal	$	2,031			1,627			1,238
State		98			63			60
Total current tax expense		2,129			1,690			1,298
Deferred income tax benefit		(296	)		(857	)		(1,105	)
Income tax expense	$	1,833			833			193

The following is a summary of the items that caused recorded income taxes to differ from taxes computed using the statutory tax rate:

	For the years ended December 31,
(dollars in thousands)	2012			2011			2010
Tax expense at statutory rate	$	1,936			993			368
Effect of state income taxes		65			74			40
Exempt income and other		(168	)		(234	)		(215	)
Income tax expense	$	1,833			833			193

The components of the deferred tax assets and liabilities are as follows:

	December 31,
(dollars in thousands)	2012		2011
Deferred tax assets:
Allowance for loan losses	$	3,091		3,035
Net deferred loan fees		326		207
Interest on nonaccrual loans		617		625
Deferred compensation		577		408
Sale of real estate owned		212		235
Other		287		288
		5,110		4,798
Deferred tax liabilities:
Property and equipment		1,188		1,041
Unrealized gain on securities available for sale		607		536
Other		139		270
		1,934		1,847
Net deferred tax asset	$	3,176		2,951

The Company has analyzed the tax positions taken or expected to be taken in its tax returns and concluded it has no liability related to uncertain tax positions.

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Troubled Debt Restructurings (Tables)

12 Months Ended

Dec. 31, 2012

Troubled Debt Restructurings [Abstract]

Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification

	For the year ended December 31, 2012
											Pre-modification		Post-modification
	Renewals		Reduced		Converted		Maturity		Total		outstanding		outstanding
	deemed a		or deferred		to interest		date		number		recorded		Recorded
(dollars in thousands)	concession		payments		only		extensions		of loans		investment		Investment
Commercial
Owner occupied RE		1		-		-		-		1	$	247	$	247
Non-owner occupied RE		2		-		-		1		3		4,148		4,148
Business		6		-		1		-		7		1,909		1,994
Consumer
Home equity		-		1		-		-		-		166		166
Total loans		9		1		1		1		11	$	6,470	$	6,555
	For the year ended December 31, 2011
											Pre-modification		Post-modification
	Renewals		Reduced		Converted		Maturity		Total		outstanding		outstanding
	deemed a		or deferred		to interest		date		number		recorded		Recorded
(dollars in thousands)	concession		payments		only		extensions		of loans		investment		Investment
Commercial
Owner occupied RE		-		3		-		1		4	$	3,395	$	3,395
Non-owner occupied RE		1		1		-		1		3		1,484		1,484
Construction		1		-		-		-		1		1,086		1,086
Business		6		4		2		8		20		3,375		3,382
Consumer
Real estate		1		2		-		-		3		684		684
Other		2		-		-		-		2		234		234
Total loans		11		10		2		10		33	$	10,258	$	10,265

Summary of TDRs past due more than 60 days and subsequently defaulted

	For the year ended December 31, 2012
	Number of		Recorded
(dollars in thousands)	loans		investment
Commercial
Owner occupied RE		1	$	1,292
Non-owner occupied RE		1		29
Business		3		188
Total loans		5	$	1,509
	For the year ended December 31, 2011
	Number of		Recorded
(dollars in thousands)	loans		investment
Commercial
Owner occupied RE		1	$	249
Non-owner occupied RE		1		26
Business		17		3,208
Consumer
Real estate		2		649
Total loans		21	$	4,132

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Financial Instruments With Off-Balance Sheet Risk (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Financial instruments with-off balance sheet risk (Textual)
Commitment under letters of credit	$ 2.3	$ 2.5
Unfunded commitments to extend credit [Member]
Financial instruments with-off balance sheet risk (Textual)
Amount of unfunded commitments to extend credit	115.6	98.9
Unfunded commitments to extend credit at fixed rate	22.1	17.6
Unfunded commitments to extend credit at variable rate	$ 93.5	$ 81.3

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Financial Instruments With Off-Balance Sheet Risk

12 Months Ended

Dec. 31, 2012

Financial Instruments With Off Balance Sheet Risk [Abstract]

Financial Instruments With Off-Balance Sheet Risk

NOTE 16 – Financial Instruments With Off-Balance Sheet Risk

In the ordinary course of business, and to meet the financing needs of its clients, the Company is a party to various financial instruments with off balance sheet risk. These financial instruments, which include commitments to extend credit and standby letters of credit, involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the balance sheets. The contract amount of those instruments reflects the extent of involvement the Company has in particular classes of financial instruments.

The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amounts of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments.

Commitments to extend credit are agreements to lend to a client as long as there is no violation of any material condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. At December 31, 2012, unfunded commitments to extend credit were approximately $115.6 million, of which $22.1 million is at fixed rates and $93.5 million is at variable rates. At December 31, 2011, unfunded commitments to extend credit were approximately $98.9 million, of which $17.6 million is at fixed rates and $81.3 million is at variable rates. The Company evaluates each client’s credit-worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral varies but may include accounts receivable, inventory, property, plant and equipment, and commercial and residential real estate.

At December 31, 2012 and 2011, there was a $2.3 million and $2.5 million, respectively, commitment under letters of credit. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to clients. Collateral varies but may include accounts receivable, inventory, equipment, marketable securities and property. Since most of the letters of credit are expected to expire without being drawn upon, they do not necessarily represent future cash requirements. The fair value of off balance sheet lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties credit standing. The total fair value of such instruments is not material.

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Troubled Debt Restructurings (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012 Investment	Dec. 31, 2011 Investment
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed concession	9	11
Reduced or deferred payments	1	10
Converted to interest only	1	2
Maturity date extensions	1	10
Total number of loans	11	33
Pre-modification outstanding recorded investment	$ 6,470	$ 10,258
Post-modification outstanding recorded investment	6,555	10,265
Commercial [Member] | Owner occupied [Member]
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed concession	1
Reduced or deferred payments		3
Converted to interest only
Maturity date extensions		1
Total number of loans	1	4
Pre-modification outstanding recorded investment	247	3,395
Post-modification outstanding recorded investment	247	3,395
Commercial [Member] | Non-owner occupied [Member]
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed concession	2	1
Reduced or deferred payments		1
Converted to interest only
Maturity date extensions	1	1
Total number of loans	3	3
Pre-modification outstanding recorded investment	4,148	1,484
Post-modification outstanding recorded investment	4,148	1,484
Commercial [Member] | Business [Member]
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed concession	6	6
Reduced or deferred payments		4
Converted to interest only	1	2
Maturity date extensions		8
Total number of loans	7	20
Pre-modification outstanding recorded investment	1,909	3,375
Post-modification outstanding recorded investment	1,994	3,382
Commercial [Member] | Construction [Member]
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed concession		1
Reduced or deferred payments
Converted to interest only
Maturity date extensions
Total number of loans		1
Pre-modification outstanding recorded investment		1,086
Post-modification outstanding recorded investment		1,086
Consumer [Member] | Real estate [Member]
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed concession		1
Reduced or deferred payments		2
Converted to interest only
Maturity date extensions
Total number of loans		3
Pre-modification outstanding recorded investment		684
Post-modification outstanding recorded investment		684
Consumer [Member] | Home equity [Member]
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed concession
Reduced or deferred payments	1
Converted to interest only
Maturity date extensions
Total number of loans
Pre-modification outstanding recorded investment	166
Post-modification outstanding recorded investment	166
Consumer [Member] | Other [Member]
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification
Renewals deemed concession		2
Reduced or deferred payments
Converted to interest only
Maturity date extensions
Total number of loans		2
Pre-modification outstanding recorded investment		234
Post-modification outstanding recorded investment		$ 234

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Selected Condensed Quarterly Financial Data (Unaudited) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012		Dec. 31, 2011		Dec. 31, 2010
Summary of selected quarterly financial information
Interest income	$ 8,817	$ 8,790	$ 8,534	$ 8,557	$ 8,799	$ 8,851	$ 8,887	$ 8,605	$ 34,698		$ 35,142		$ 35,529
Interest expense	2,037	2,082	2,156	2,428	2,688	2,877	3,085	3,204	8,702		11,854		15,317
Net interest income	6,780	6,708	6,378	6,129	6,111	5,974	5,802	5,401	25,996		23,288		20,212
Provision for loan losses	950	1,125	1,275	1,200	2,225	1,670	650	725	4,550		5,270		5,610
Noninterest income	897	1,286	741	837	873	723	618	556	3,762		2,770		3,045
Noninterest expenses	5,053	5,025	4,655	4,779	4,193	4,352	4,855	4,467	19,513		17,867		16,564
Income (loss) before income tax expense	1,674	1,844	1,189	987	566	675	915	765	5,695		2,921		1,083
Income tax expense (benefit)	541	618	374	299	126	192	287	228	1,833		833		193
Net income	1,133	1,226	815	688	440	483	628	537	3,862		2,088		890
Preferred stock dividend	204	204	216	216	217	216	216	216	840		865		865
Discount accretion (1)		180	106	73	72	70	69	68	360	[1]	279	[1]	260	[1]
Redemption of preferred stock			96						(904)
Net income(loss) available to common shareholders (1)	$ 929	$ 842	$ 589	$ 399	$ 151	$ 197	$ 343	$ 253	$ 2,758	[1]	$ 944	[1]	$ (235)	[1]
Earnings (loss) per common share (1)
Basic	$ 0.22	$ 0.20	$ 0.14	$ 0.09	$ 0.04	$ 0.05	$ 0.08	$ 0.06	$ 0.65		$ 0.22		$ (0.06)
Diluted	$ 0.22	$ 0.19	$ 0.13	$ 0.09	$ 0.04	$ 0.05	$ 0.08	$ 0.06	$ 0.64		$ 0.22		$ (0.06)
Weighted average common shares outstanding
Basic	4,241,280	4,229,819	4,225,993	4,222,622	4,203,072	4,203,072	4,203,072	4,194,705	4,229,928		4,200,980		4,178,703
Diluted	4,305,127	4,349,971	4,436,920	4,267,813	4,225,569	4,328,383	4,300,180	4,291,538	4,339,958		4,286,418		4,178,703

[1] See Note 1 to the financial statements for information related to a correction of an error in 2010.

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Consolidated Statements of Shareholders' Equity (Parenthetical)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Statements Of Stockholders' Equity [Abstract]
Percentage of stock dividend on stock options and restricted stock	10.00%	10.00%	10.00%

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Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2012	Dec. 31, 2011
Balance Sheets [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	16,299	17,299
Preferred stock, shares outstanding	16,299	17,299
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	4,247,404	3,820,830
Common stock, shares outstanding	4,247,404	3,820,830

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Junior Subordinated Debentures

12 Months Ended

Dec. 31, 2012

Junior Subordinated Debentures [Abstract]

Junior Subordinated Debentures

NOTE 9 – Junior Subordinated Debentures

On June 26, 2003, Greenville First Statutory Trust I, (a non-consolidated subsidiary) issued $6.0 million floating rate trust preferred securities with a maturity of June 26, 2033. At December 31, 2012, the interest rate was 3.41% and is indexed to the 3-month LIBOR rate and adjusted quarterly. The Company received from the Trust the $6.0 million proceeds from the issuance of the securities and the $186,000 initial proceeds from the capital investment in the Trust, and accordingly has shown the funds due to the Trust as $6.2 million junior subordinated debentures. The debenture issuance cost, net of accumulated amortization, totaled $9,000 at December 31, 2012 and is included in other assets on the consolidated balance sheet. Amortization of debt issuance costs totaled $18,000 for each of the years ended December 31, 2012, 2011 and 2010, respectively, and are included in borrowings interest expense.

On December 22, 2005, Greenville First Statutory Trust II, (a non-consolidated subsidiary) issued $7.0 million floating rate trust preferred securities with a maturity of December 22, 2035. At December 31, 2012, the interest rate was 1.75% and is indexed to the 3-month LIBOR rate and adjusted quarterly. The Company received from the Trust the $7.0 million proceeds from the issuance of the securities and the $217,000 initial proceeds from the capital investment in the Trust, and accordingly has shown the funds due to the Trust as $7.2 million junior subordinated debentures.

The current regulatory rules allow certain amounts of junior subordinated debentures to be included in the calculation of regulatory capital. However, provisions within the Dodd-Frank Wall Street Reform and Consumer Protection Act will prohibit institutions that had more than $15 billion in assets on December 31, 2009 from including trust preferred securities as Tier 1 capital beginning in 2013. One-third will be phased out over the next two years ending in 2015. Financial institutions with less than $15 billion in total assets, such as the Bank, may continue to include their trust preferred securities issued prior to May 19, 2010 in Tier 1 capital, but cannot included in Tier 1 capital trust preferred securities issued after such date.

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Preferred Stock Issuance (Details) (USD $)	1 Months Ended			2 Months Ended	12 Months Ended
	Sep. 30, 2012	Jun. 28, 2012	Feb. 27, 2009	Jul. 25, 2012	Dec. 31, 2012	Dec. 31, 2011
Preferred Stock Issuance (Textual)
Shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series T, Shares sold			17,299
Warrant issued with option to purchase additional common shares			399,970.34
Purchase price of fixed rate cumulative perpetual preferred stock, Series T			$ 17,300,000
Cumulative dividend rate for first five years			5.00%		5.00%
Cumulative dividend rate after first five years			9.00%		9.00%
Capital purchase program warrant term			10 years
Exercise price of CPP warrant			$ 6.487
Preferred shares clearing price per share value		904
Series T Preferred Stock, par value		$ 1,000			$ 0.01	$ 0.01
Number of preferred stock repurchased		1,000
Preferred stock, shares outstanding		16,299			16,299	17,299
Operating costs incurred as a result of TARP auction	130,000
Balance sheet impact - Shareholders' equity	904,000
Increase in retained earnings related to discount on the shares repurchased	96,000
Decrease In Preferred Stock Value	1,000,000
Savings on payment of dividends, annually	50,000
Warrant repurchase, value				1,100,000
Difference between fair value of Warrant and repurchase value				343,000
Remaining accretion				180,000
Interest only line of credit, outstanding amount				$ 1,500,000	$ 1,400,000
Quarterly rate of interest				5.00%
Line of credit facility, maturity date					Feb. 03, 2014

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Income Taxes (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Current income taxes:
Federal	$ 2,031	$ 1,627	$ 1,238
State	98	63	60
Total current tax expense	2,129	1,690	1,298
Deferred income tax expense (benefit)	(296)	(857)	(1,105)
Income tax expense	$ 1,833	$ 833	$ 193

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Commitments and Contingencies (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012
Summary of estimated future minimum lease payments under noncancelable operating leases
2013	$ 1,825
2014	1,841
2015	796
2016	795
2017	120
Thereafter	1,143
Total	$ 6,520

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Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2012	Feb. 27, 2013	Jun. 30, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	SOUTHERN FIRST BANCSHARES INC
Entity Central Index Key	0001090009
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY
Entity Well-Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		4,257,387
Entity Public Float			$ 27,750,176

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Unused Lines of Credit

12 Months Ended

Dec. 31, 2012

Unused Lines Of Credit [Abstract]

Unused Lines of Credit

NOTE 10 – Unused Lines of Credit

At December 31, 2012, the Company had three lines of credit to purchase federal funds that totaled $30.5 million for which $17.3 million was unused at December 31, 2012. The lines of credit are available on a one to ten day basis for general corporate purposes of the Company. The lender has reserved the right to withdraw the line at their option. The Company has an additional line of credit with the Federal Home Loan Bank to borrow funds, subject to a pledge of qualified collateral. The Company has collateral that would support approximately $32.4 million in additional borrowings at December 31, 2012.

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Federal Home Loan Bank Advances and Other Borrowings (Details 1) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Summary of terms and maturities of structured debt agreements
Amount	$ 19,200	$ 19,200
Structured debt agreements [Member]
Summary of terms and maturities of structured debt agreements
Maturity	Sep. 18, 2017
Amount	10,000
Rate	3.63%
Structured debt agreements one [Member]
Summary of terms and maturities of structured debt agreements
Maturity	Dec. 17, 2017
Amount	2,000
Rate	3.65%
Structured debt agreements two [Member]
Summary of terms and maturities of structured debt agreements
Maturity	Mar. 14, 2018
Amount	3,600
Rate	2.75%
Structured debt agreements three [Member]
Summary of terms and maturities of structured debt agreements
Maturity	Sep. 15, 2018
Amount	$ 3,600
Rate	2.55%

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Earnings Per Common Share (Details Textual)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Earnings Per Common Share (Textual)
Antidilutive securities excluded from computation of earnings per share, amount	74,802	167,937	828,764
Percentage of stock dividend on stock options and restricted stock	10.00%	10.00%	10.00%

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Consolidated Statements of Income (USD $)	12 Months Ended
	Dec. 31, 2012		Dec. 31, 2011		Dec. 31, 2010
Interest income
Loans	$ 32,668,000		$ 32,892,000		$ 32,587,000
Investment securities	1,963,000		2,144,000		2,883,000
Federal funds sold	67,000		106,000		59,000
Total interest income	34,698,000		35,142,000		35,529,000
Interest expense
Deposits	4,177,000		6,993,000		9,424,000
Borrowings	4,525,000		4,861,000		5,893,000
Total interest expense	8,702,000		11,854,000		15,317,000
Net interest income	25,996,000		23,288,000		20,212,000
Provision for loan losses	4,550,000		5,270,000		5,610,000
Net interest income after provision for loan losses	21,446,000		18,018,000		14,602,000
Noninterest income
Loan fee income	1,044,000		877,000		711,000
Service fees on deposit accounts	767,000		638,000		583,000
Income from bank owned life insurance	632,000		565,000		554,000
Gain on sale of investment securities	363,000		23,000		1,156,000
Other than temporary impairment on investment securities			(25,000)		(450,000)
Other income	956,000		692,000		491,000
Total noninterest income	3,762,000		2,770,000		3,045,000
Noninterest expenses
Compensation and benefits	10,073,000		8,933,000		8,245,000
Occupancy	2,468,000		2,282,000		2,135,000
Real estate owned activity	939,000		940,000		674,000
Data processing and related costs	2,070,000		1,869,000		1,624,000
Insurance	1,367,000		1,437,000		1,533,000
Marketing	637,000		686,000		690,000
Professional fees	841,000		658,000		659,000
Other	1,118,000		1,062,000		1,004,000
Total noninterest expenses	19,513,000		17,867,000		16,564,000
Income before income tax expense	5,695,000		2,921,000		1,083,000
Income tax expense (benefit)	1,833,000		833,000		193,000
Net income	3,862,000		2,088,000		890,000
Preferred stock dividend	840,000		865,000		865,000
Discount accretion (1)	360,000	[1]	279,000	[1]	260,000	[1]
Redemption of preferred stock	(96,000)
Net income (loss) available to common shareholders (1)	$ 2,758,000	[1]	$ 944,000	[1]	$ (235,000)	[1]
Earnings (loss) per common share (1)
Basic	$ 0.65		$ 0.22		$ (0.06)
Diluted	$ 0.64		$ 0.22		$ (0.06)
Weighted average common shares outstanding
Basic	4,229,928		4,200,980		4,178,703
Diluted	4,339,958		4,286,418		4,178,703

[1] See Note 1 to the financial statements for information related to a correction of an error in 2010.

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Troubled Debt Restructurings

12 Months Ended

Dec. 31, 2012

Troubled Debt Restructurings [Abstract]

Troubled Debt Restructurings

NOTE 4 – Troubled Debt Restructurings

At December 31, 2012, we had 36 loans totaling $14.2 million and at December 31, 2011 we had 42 loans totaling $12.2 million, which we considered as TDRs. The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company provides concessions such that we will not collect all principal and interest in accordance with the original terms of the loan agreement. Concessions can relate to the contractual interest rate, maturity date, or payment structure of the note. As part of our workout plan for individual loan relationships, we may restructure loan terms to assist borrowers facing challenges in the current economic environment.

The following table summarizes the concession at the time of modification and the recorded investment in our TDRs before and after their modification.

	For the year ended December 31, 2012
											Pre-modification		Post-modification
	Renewals		Reduced		Converted		Maturity		Total		outstanding		outstanding
	deemed a		or deferred		to interest		date		number		recorded		Recorded
(dollars in thousands)	concession		payments		only		extensions		of loans		investment		Investment
Commercial
Owner occupied RE		1		-		-		-		1	$	247	$	247
Non-owner occupied RE		2		-		-		1		3		4,148		4,148
Business		6		-		1		-		7		1,909		1,994
Consumer
Home equity		-		1		-		-		-		166		166
Total loans		9		1		1		1		11	$	6,470	$	6,555
	For the year ended December 31, 2011
											Pre-modification		Post-modification
	Renewals		Reduced		Converted		Maturity		Total		outstanding		outstanding
	deemed a		or deferred		to interest		date		number		recorded		Recorded
(dollars in thousands)	concession		payments		only		extensions		of loans		investment		Investment
Commercial
Owner occupied RE		-		3		-		1		4	$	3,395	$	3,395
Non-owner occupied RE		1		1		-		1		3		1,484		1,484
Construction		1		-		-		-		1		1,086		1,086
Business		6		4		2		8		20		3,375		3,382
Consumer
Real estate		1		2		-		-		3		684		684
Other		2		-		-		-		2		234		234
Total loans		11		10		2		10		33	$	10,258	$	10,265

The following table summarizes the TDRs that are more than 60 days past due, and have subsequently defaulted.

	For the year ended December 31, 2012
	Number of		Recorded
(dollars in thousands)	loans		investment
Commercial
Owner occupied RE		1	$	1,292
Non-owner occupied RE		1		29
Business		3		188
Total loans		5	$	1,509
	For the year ended December 31, 2011
	Number of		Recorded
(dollars in thousands)	loans		investment
Commercial
Owner occupied RE		1	$	249
Non-owner occupied RE		1		26
Business		17		3,208
Consumer
Real estate		2		649
Total loans		21	$	4,132

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Loans and Allowance for Loan Losses

12 Months Ended

Dec. 31, 2012

Loans and Allowance For Loan Losses [Abstract]

Loans and Allowance for Loan Losses

NOTE 3 – Loans and Allowance for Loan Losses

The Company makes loans to individuals and small businesses for various personal and commercial purposes primarily in the Upstate, Midlands, and Low Country regions of South Carolina. The Company’s loan portfolio is not concentrated in loans to any single borrower or a relatively small number of borrowers. The Company focuses its lending activities primarily on the professional markets in Greenville, Columbia, and Charleston including doctors, dentists, and small business owners. The principal component of the loan portfolio is loans secured by real estate mortgages which account for 80.9% of total loans at December 31, 2012. Commercial loans comprise 65.9% of total real estate loans and consumer loans account for 34.1%. Commercial loans are further categorized into owner occupied which represents 24.6% of total loans and non-owner occupied of 25.6%. Commercial construction loans represent only 3.1% of the total loan portfolio.

In addition to monitoring potential concentrations of loans to particular borrowers or groups of borrowers, industries and geographic regions, management monitors exposure to credit risk from concentrations of lending products and practices such as loans that subject borrowers to substantial payment increases (e.g. principal deferral periods, loans with initial interest-only periods, etc.), and loans with high loan-to-value ratios. As of December 31, 2012, approximately $70.8 million, or 11.0% of our loans had loan-to-value ratios which exceeded regulatory supervisory limits, of which 59 loans totaling approximately $20.7 million had loan-to-value ratios of 100% or more. Additionally, there are industry practices that could subject the Company to increased credit risk should economic conditions change over the course of a loan’s life. For example, the Company makes variable rate loans and fixed rate principal-amortizing loans with maturities prior to the loan being fully paid (i.e. balloon payment loans). The various types of loans are individually underwritten and monitored to manage the associated risks.

The allowance for loan losses is management’s estimate of credit losses inherent in the loan portfolio at the balance sheet date. We have an established process to determine the adequacy of the allowance for loan losses that assesses the losses inherent in our portfolio. While we attribute portions of the allowance to specific portfolio segments, the entire allowance is available to absorb credit losses inherent in the total loan portfolio. Our process involves procedures to appropriately consider the unique risk characteristics of our commercial and consumer loan portfolio segments. For each portfolio segment, impairment is measured collectively for groups of smaller loans with similar characteristics and individually for larger impaired loans. Our allowance levels are influenced by loan volumes, loan grade migration or delinquency status, historic loss experience and other economic conditions.

Portfolio Segment Methodology

Commercial

Commercial loans are assessed for estimated losses by grading each loan using various risk factors identified through periodic reviews. We apply historic grade-specific loss factors to each funded loan. In the development of our statistically derived loan grade loss factors, we observe historical losses over the most recent eight quarters for each loan grade. These loss estimates are adjusted as appropriate based on additional analysis of external loss data or other risks identified from current economic conditions and credit quality trends. The allowance also includes an amount for the estimated impairment on nonaccrual commercial loans and commercial loans modified in a TDR, whether on accrual or nonaccrual status.

Consumer

For consumer loans, we determine the allowance on a collective basis utilizing forecasted losses to represent our best estimate of inherent loss. We pool loans, generally by product types with similar risk characteristics. In addition, we establish an allowance for consumer loans that have been modified in a TDR, whether on accrual or nonaccrual status.

The following table summarizes the composition of our loan portfolio.

	December 31,
(dollars in thousands)	2012			2011
Commercial
Owner occupied	$	158,790			149,254
Non-owner occupied		165,163			164,623
Construction		20,347			17,841
Business		114,169			111,831
Total commercial loans		458,469			443,549
Consumer
Residential		86,559			57,798
Home equity		77,895			82,664
Construction		13,749			5,546
Other		9,277			9,077
Total consumer loans		187,480			155,085
Total gross loans, net of deferred fees		645,949			598,634
Less – allowance for loan losses		(9,091	)		(8,925	)
Total loans, net	$	636,858			589,709

The composition of gross loans by rate type is as follows:

	December 31,
(dollars in thousands)	2012		2011
Variable rate loans	$	219,462		249,840
Fixed rate loans		426,487		348,794
	$	645,949		598,634

At December 31, 2012, approximately $136.1 million of the Company’s mortgage loans were pledged as collateral for advances from the FHLB, as set forth in Note 8.

Credit Quality Indicators

Commercial

We manage a consistent process for assessing commercial loan credit quality by monitoring our loan grading trends and past due statistics. All loans are subject to individual risk assessment. Our categories include Pass, Special Mention, Substandard, Doubtful, and Loss, each of which is defined by banking regulatory agencies. Delinquency statistics are also an important indicator of credit quality in the establishment of our allowance for credit losses.

The following tables provide past due information for outstanding commercial loans and include loans on nonaccrual status.

							December 31, 2012
	Owner		Non-owner
(dollars in thousands)	occupied RE		occupied RE		Construction		Business		Total
Current	$	157,036		163,700		19,341		112,322		452,399
30-59 days past due		306		-		-		539		845
60-89 days past due		-		463		-		100		563
Greater than 90 days		1,448		1,000		1,006		1,208		4,662
	$	158,790		165,163		20,347		114,169		458,469

							December 31, 2011
	Owner		Non-owner
	occupied RE		occupied RE		Construction		Business		Total
Current	$	144,922		161,772		16,528		107,609		430,831
30-59 days past due		20		645		2		172		839
60-89 days past due		3,004		294		-		789		4,087
Greater than 90 days		1,308		1,912		1,311		3,261		7,792
	$	149,254		164,623		17,841		111,831		443,549

As of December 31, 2012 and 2011, loans 30 days or more past due represented 1.11% and 2.37% of our total loan portfolio, respectively. Commercial loans 30 days or more past due were 0.94% and 2.12% as of December 31, 2012 and 2011, respectively.

The tables below provide a breakdown of outstanding commercial loans by risk category.

	December 31, 2012
	Owner		Non-owner
(dollars in thousands)	occupied RE		occupied RE		Construction		Business		Total
Pass	$	148,255		141,352		18,265		105,024		412,896
Special Mention		7,446		9,358		-		2,750		19,554
Substandard		3,089		14,453		2,082		6,395		26,019
Doubtful		-		-		-		-		-
Loss		-		-		-		-		-
	$	158,790		165,163		20,347		114,169		458,469
	December 31, 2011
	Owner		Non-owner
	occupied RE		occupied RE		Construction		Business			Total
Pass	$	139,746		138,407		12,801		103,908		394,862
Special Mention		4,289		12,721		-		2,321		19,331
Substandard		5,219		13,495		5,040		5,602		29,356
Doubtful		-		-		-		-		-
Loss		-		-		-		-		-
	$	149,254		164,623		17,841		111,831		443,549

Consumer

We manage a consistent process for assessing consumer loan credit quality by monitoring our loan grading trends and past due statistics. All loans are subject to individual risk assessment. Our categories include Pass, Special Mention, Substandard, Doubtful, and Loss, each of which is defined by banking regulatory agencies. Delinquency statistics are also an important indicator of credit quality in the establishment of our allowance for loan losses.

The following tables provide past due information for outstanding consumer loans and include loans on nonaccrual status.

							December 31, 2012
(dollars in thousands)	Real estate		Home equity		Construction		Other		Total
Current	$	85,999		77,430		13,749		9,233		186,411
30-59 days past due		560		100		-		-		660
60-89 days past due		-		-		-		44		44
Greater than 90 days		-		365		-		-		365
	$	86,559		77,895		13,749		9,277		187,480
							December 31, 2011
	Real estate		Home equity		Construction		Other		Total
Current	$	56,748		82,229		5,546		9,072		153,595
30-59 days past due		343		80		-		5		428
60-89 days past due		-		-		-		-		-
Greater than 90 days		707		355		-		-		1,062
	$	57,798		82,664		5,546		9,077		155,085

Consumer loans 30 days or more past due were 0.17% and 0.25% as of December 31, 2012 and 2011, respectively.

The tables below provide a breakdown of outstanding consumer loans by risk category.

							December 31, 2012
(dollars in thousands)	Real estate		Home equity		Construction		Other		Total
Pass	$	83,173		73,718		13,749		8,752		179,392
Special Mention		2,307		2,290		-		170		4,767
Substandard		1,079		1,887		-		355		3,321
Doubtful		-		-		-		-		-
Loss		-		-		-		-		-
	$	86,559		77,895		13,749		9,277		187,480
							December 31, 2011
	Real estate		Home equity		Construction		Other		Total
Pass	$	54,973		79,129		5,546		8,637		148,285
Special Mention		525		2,142		-		65		2,732
Substandard		2,300		1,393		-		375		4,068
Doubtful		-		-		-		-		-
Loss		-		-		-		-		-
	$	57,798		82,664		5,546		9,077		155,085

Nonperforming assets

The following table shows the nonperforming assets and the related percentage of nonperforming assets to total assets and gross loans. Generally, a loan is placed on nonaccrual status when it becomes 90 days past due as to principal or interest, or when we believe, after considering economic and business conditions and collection efforts, that the borrower’s financial condition is such that collection of the contractual principal or interest on the loan is doubtful. A payment of interest on a loan that is classified as nonaccrual is recognized as a reduction in principal when received.

	December 31,
(dollars in thousands)	2012			2011
Commercial
Owner occupied RE	$	155			1,061
Non-owner occupied RE		1,255			1,745
Construction		1,006			1,314
Business		202			503
Consumer
Real estate		119			476
Home equity		577			386
Construction		-			-
Other		44			-
Nonaccruing troubled debt restructurings		4,809			4,779
Total nonaccrual loans, including nonaccruing TDRs		8,167			10,264
Other real estate owned		1,719			3,686
Total nonperforming assets	$	9,886			13,950
Nonperforming assets as a percentage of:
Total assets		1.24	%		1.82	%
Gross loans		1.53	%		2.33	%
Total loans over 90 days past due	$	5,027			8,854
Loans over 90 days past due and still accruing		-			-
Accruing TDRs		9,421			7,429

Foregone interest income on the non-accrual loans for the year ended December 31, 2012 was approximately $402,000 and approximately $419,000 for the same period in 2011.

Impaired Loans

The table below summarizes key information for impaired loans. Our impaired loans include loans on nonaccrual status and loans modified in a TDR, whether on accrual or nonaccrual status. These impaired loans may have estimated impairment which is included in the allowance for loan losses. Our commercial impaired loans are evaluated individually to determine the related allowance for loan losses while our consumer impaired loans are evaluated on a collective basis.

			December 31, 2012
			Recorded investment
					Impaired loans
	Unpaid				with related		Related
	Principal		Impaired		allowance for		allowance for
(dollars in thousands)	Balance		loans		loan losses		loan losses
Commercial
Owner occupied RE	$	3,071		2,271		2,116		398
Non-owner occupied RE		7,497		7,162		2,218		831
Construction		4,824		2,082		1,075		213
Business		4,048		4,048		3,329		2,092
Total commercial		19,440		15,563		8,738		3,534
Consumer
Real estate		985		985		162		24
Home equity		770		770		605		91
Construction		-		-		-		-
Other		270		270		-		-
Total consumer		2,025		2,025		767		115
Total	$	21,465		17,588		9,505		3,649
			December 31, 2011
			Recorded investment
					Impaired loans
	Unpaid				with related		Related
	Principal		Impaired		allowance for		allowance for
	Balance		loans		loan losses		loan losses
Commercial
Owner occupied RE	$	5,070		5,070		4,922		870
Non-owner occupied RE		4,685		3,638		985		578
Construction		4,056		2,068		1,597		498
Business		4,904		4,604		4,459		1,807
Total commercial		18,715		15,380		11,963		3,753
Consumer
Real estate		1,694		1,694		839		126
Home equity		386		386		386		58
Construction		-		-		-		-
Other		233		233		-		-
Total consumer		2,313		2,313		1,225		184
Total	$	21,028		17,693		13,188		3,937

The following table provides the average recorded investment in impaired loans and the amount of interest income recognized on impaired loans after impairment by portfolio segment and class.

	Year ended December 31,
	2012				2011				2010
	Average		Recognized		Average		Recognized		Average		Recognized
	recorded		interest		recorded		interest		recorded		interest
(dollars in thousands)	investment		income		investment		income		investment		income
Commercial
Owner occupied RE	$	3,881		17		3,521		220		960		47
Non-owner occupied RE		5,811		392		2,520		281		3,048		44
Construction		2,127		66		1,425		81		1,430		6
Business		3,880		84		3,331		207		2,688		118
Total commercial		15,699		559		10,797		789		8,126		215
Consumer
Real estate		1,397		44		1,729		64		1,764		37
Home equity		518		12		399		-		222		2
Construction		-		-		-		-		-		-
Other		240		14		38		13		7		1
Total consumer		2,155		70		2,166		77		1,993		40
Total	$	17,854		629		12,963		866		10,119		255

Allowance for Loan Losses

The following table summarizes the activity related to our allowance for loan losses:

	Year ended December 31,
(dollars in thousands)	2012			2011
Balance, beginning of period	$	8,925			8,386
Provision for loan losses		4,550			5,270
Loan charge-offs:
Commercial
Owner occupied RE		(1,857	)		(72	)
Non-owner occupied RE		(513	)		(1,052	)
Construction		-			(67	)
Business		(1,230	)		(3,243	)
Total commercial		(3,600	)		(4,434	)
Consumer
Real estate		(214	)		(129	)
Home equity		(691	)		(175	)
Construction		-			-
Other		-			(200	)
Total consumer		(905	)		(504	)
Total loan charge-offs		(4,505	)		(4,938	)
Loan recoveries:
Commercial
Owner occupied RE		4			14
Non-owner occupied RE		42			42
Construction		-			-
Business		27			149
Total commercial		73			205
Consumer
Real estate		2			-
Home equity		32			2
Construction		-			-
Other		14			-
Total consumer		48			2
Total recoveries		121			207
Net loan charge-offs		(4,384	)		(4,731	)
Balance, end of period	$	9,091			8,925

The following tables summarize the activity in the allowance for loan losses by our commercial and consumer portfolio segments.

	Year ended December 31, 2012
(dollars in thousands)	Commercial			Consumer			Unallocated			Total
Balance, beginning of period	$	8,061			864			-			8,925
Provision		3,447			1,103			-			4,550
Loan charge-offs		(3,600	)		(905	)		-			(4,505	)
Loan recoveries		73			48			-			121
Net loan charge-offs		(3,527	)		(857	)		-			(4,384	)
Balance, end of period	$	7,981			1,110			-			9,091
	Year ended December 31, 2011
	Commercial			Consumer			Unallocated			Total
Balance, beginning of period	$	6,706			1,447			233			8,386
Provision		5,584			(81	)		(233	)		5,270
Loan charge-offs		(4,434	)		(504	)		-			(4,938	)
Loan recoveries		205			2			-			207
Net loan charge-offs		(4,229	)		(502	)		-			(4,731	)
Balance, end of period	$	8,061			864			-			8,925

The following table disaggregates our allowance for loan losses and recorded investment in loans by impairment methodology.

									December 31, 2012
	Allowance for loan losses						Recorded investment in loans
(dollars in thousands)	Commercial		Consumer		Total		Commercial		Consumer		Total
Individually evaluated	$	3,534		-		3,534		15,563		-		15,563
Collectively evaluated		4,447		1,110		5,557		442,906		187,480		630,396
Total	$	7,981		1,110		9,091		458,469		187,480		645,949
									December 31, 2011
	Allowance for loan losses						Recorded investment in loans
	Commercial		Consumer		Total		Commercial		Consumer		Total
Individually evaluated	$	3,753		-		3,753		15,380		-		15,380
Collectively evaluated		4,308		864		5,172		428,169		155,085		583,284
Total	$	8,061		864		8,925		443,549		155,085		598,634

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Related Party Transactions

12 Months Ended

Dec. 31, 2012

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 15 – Related Party Transactions

Certain directors, executive officers, and companies with which they are affiliated, are clients of and have banking transactions with the Company in the ordinary course of business. These loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with persons not related to the lender.

A summary of loan transactions with directors, including their affiliates and executive officers is as follows:

	For the years ended December 31,
(dollars in thousands)	2012			2011
Balance, beginning of year	$	16,968			18,147
New loans		14,081			12,717
Less loan payments		(13,645	)		(13,896	)
Balance, end of year	$	17,404			16,968

Deposits by officers and directors and their related interests at December 31, 2012 and 2011, were $2.2 million and $2.3 million, respectively.

The Company has a land lease with a director on the property for a branch office, with monthly payments of $4,924. In addition, the Company had various consulting agreements with the director for development, administration and advisory services related to the purchase of property and construction of current and future branch office sites. Beginning in 2006, the Company also contracted with the director on an annual basis to provide property management services for its four offices in the Greenville market. The Company paid the director approximately $44,000, $39,000, and $30,000 for these services during 2012, 2011, and 2010, respectively.

The Company is of the opinion that the lease payments and consulting fees represent market costs that could have been obtained in similar “arms length” transactions.

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Fair Value Accounting

12 Months Ended

Dec. 31, 2012

Fair Value Accounting [Abstract]

Fair Value Accounting

NOTE 11 – Fair Value Accounting

FASB ASC 820, “Fair Value Measurement and Disclosures,” defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1 – Quoted market price in active markets

Quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include certain debt and equity securities that are traded in an active exchange market.

Level 2 – Significant other observable inputs

Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include fixed income securities and mortgage-backed securities that are held in the Company’s available-for-sale portfolio and impaired loans.

Level 3 – Significant unobservable inputs

Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. These methodologies may result in a significant portion of the fair value being derived from unobservable data.

Following is a description of valuation methodologies used for assets recorded at fair value.

Investment Securities

Securities available for sale are valued on a recurring basis at quoted market prices where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable securities. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange or U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities and debentures issued by government sponsored entities, municipal bonds and corporate debt securities. In certain cases where there is limited activity or less transparency around inputs to valuations, securities are classified as Level 3 within the valuation hierarchy. Securities held to maturity are valued at quoted market prices or dealer quotes similar to securities available for sale. The carrying value of Other Investments, such as Federal Reserve Bank and FHLB stock, approximates fair value based on their redemption provisions.

Loans

The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan may be considered impaired and an allowance for loan losses may be established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures the impairment in accordance with FASB ASC 310, “Receivables.” The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. At December 31, 2012, substantially all of the impaired loans were evaluated based on the fair value of the collateral. In accordance with FASB ASC 820, “Fair Value Measurement and Disclosures,” impaired loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company considers the impaired loan as nonrecurring Level 2. The Company’s current loan and appraisal policies require the Company to obtain updated appraisals on an “as is” basis at renewal, or in the case of an impaired loan, on an annual basis, either through a new external appraisal or an appraisal evaluation. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company considers the impaired loan as nonrecurring Level 3. The fair value of impaired loans may also be estimated using the present value of expected future cash flows to be realized on the loan, which is also considered a Level 3 valuation. These fair value estimates are subject to fluctuations in assumptions about the amount and timing of expected cash flows as well as the choice of discount rate used in the present value calculation.

Other Real Estate Owned (“OREO”)

OREO, consisting of properties obtained through foreclosure or in satisfaction of loans, is reported at the lower of cost or fair value, determined on the basis of current appraisals, comparable sales, and other estimates of value obtained principally from independent sources, adjusted for estimated selling costs (Level 2). At the time of foreclosure, any excess of the loan balance over the fair value of the real estate held as collateral is treated as a charge against the allowance for loan losses. Gains or losses on sale and generally any subsequent adjustments to the value are recorded as a component of real estate owned activity. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company considers the OREO as nonrecurring Level 3.

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis.

	December 31, 2012
(dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Securities available for sale:
US Agency securities	$	-		7,785		-		7,785
SBA securities		-		6,072		-		6,072
State and political subdivisions		-		25,249		-		25,249
Mortgage-backed securities		-		39,116		-		39,116
Other investments		-		-		7,794		7,794
Total assets measured at fair value on a recurring basis	$	-		78,222		7,794		86,016
	December 31, 2011
	Level 1		Level 2		Level 3		Total
Assets
Securities available for sale:
State and political subdivisions	$	-		18,248		-		18,248
Mortgage-backed securities		-		82,412		-		82,412
Other investments		-		-		7,924		7,924
Total assets measured at fair value on a recurring basis	$	-		100,660		7,924		108,584

The Company has no liabilities carried at fair value or measured at fair value on a recurring or nonrecurring basis. Included in other investments is FHLB stock, a level 3 security, which decreased by $130,000 during the twelve months ended December 31, 2012 due to a partial redemption by the FHLB.

Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis

The Company is predominantly an asset based lender with real estate serving as collateral on more than 80% of loans as of December 31, 2012. Loans which are deemed to be impaired are valued net of the allowance for loan losses, and other real estate owned is valued at the lower of cost or net realizable value of the underlying real estate collateral. Such market values are generally obtained using independent appraisals, which the Company considers to be level 2 inputs. The tables below present the recorded amount of assets and liabilities measured at fair value on a nonrecurring basis.

	December 31, 2012
(dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Impaired loans	$	-		13,748		191		13,939
Other real estate owned		-		1,390		329		1,719
Total assets measured at fair value on a nonrecurring basis	$	-		15,138		520		15,658
	December 31, 2011
	Level 1		Level 2		Level 3		Total
Assets
Impaired loans	$	-		12,318		1,438		13,756
Other real estate owned		-		2,461		1,225		3,686
Total assets measured at fair value on a nonrecurring basis	$	-		14,779		2,663		17,442

For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of December 31, 2012, the significant unobservable inputs used in the fair value measurements were as follows:

	Valuation Technique	Significant Unobservable Inputs
Other investments	Carrying Value	None
Impaired loans	Appraised Value/ Discounted Cash Flows	Appraisals and/or sales of comparable properties
Other real estate owned	Appraised Value/ Comparable Sales	Appraisals and/or sales of comparable properties/ Independent quotes

Fair Value of Financial Instruments

Financial instruments require disclosure of fair value information, whether or not recognized in the consolidated balance sheets, when it is practical to estimate the fair value. A financial instrument is defined as cash, evidence of an ownership interest in an entity or a contractual obligation which requires the exchange of cash. Certain items are specifically excluded from the disclosure requirements, including the Company’s common stock, premises and equipment and other assets and liabilities.

The following is a description of valuation methodologies used to estimate fair value for certain other financial instruments.

Fair value approximates carrying value for the following financial instruments due to the short-term nature of the instrument: cash and due from banks, federal funds sold, federal funds purchased, and securities sold under agreement to repurchase.

Bank Owned Life Insurance – The cash surrender value of bank owned life insurance policies held by the Company approximates fair values of the policies.

Deposits – Fair value for demand deposit accounts and interest-bearing accounts with no fixed maturity date is equal to the carrying value. The fair value of certificate of deposit accounts are estimated by discounting cash flows from expected maturities using current interest rates on similar instruments.

FHLB Advances and Other Borrowings – Fair value for FHLB advances and other borrowings are estimated by discounting cash flows from expected maturities using current interest rates on similar instruments.

Junior subordinated debentures – Fair value for junior subordinated debentures are estimated by discounting cash flows from expected maturities using current interest rates on similar instruments.

The Company has used management’s best estimate of fair value based on the above assumptions. Thus, the fair values presented may not be the amounts that could be realized in an immediate sale or settlement of the instrument. In addition, any income taxes or other expenses, which would be incurred in an actual sale or settlement, are not taken into consideration in the fair value presented.

The estimated fair values of the Company’s financial instruments at December 31, 2012 and 2011 are as follows:

	December 31, 2012
(dollars in thousands)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	29,413		29,413		29,413		-		-
Other investments		7,794		7,794		-		-		7,794
Loans, net		636,858		645,852		-		13,748		632,104
Bank owned life insurance		18,725		18,725		-		-		18,725
Financial Liabilities:
Deposits		576,299		561,599		-		561,599		-
FHLB and other borrowings		124,100		140,455		-		140,455		-
Junior subordinated debentures		13,403		5,093		-		5,093		-
	December 31, 2011
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	23,005		23,005		23,005		-		-
Other investments		7,924		7,924		-		-		7,924
Loans, net		589,709		603,416		-		12,318		591,098
Bank owned life insurance		18,093		18,093		-		-		18,093
Financial Liabilities:
Deposits		562,912		521,930		-		521,930		-
FHLB and other borrowings		122,700		141,411		-		141,411		-
Junior subordinated debentures		13,403		4,212		-		4,212		-

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Fair Value Accounting (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Securities available for sale:
US Agency securities	$ 7,785
SBA securities	6,072
State and political subdivisions	25,249	18,248
Mortgage-backed securities	39,116	82,412
Other investments	7,794	7,924
Total assets measured at fair value on a recurring basis	86,016	108,584
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale:
US Agency securities
SBA securities
State and political subdivisions
Mortgage-backed securities
Other investments
Total assets measured at fair value on a recurring basis
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale:
US Agency securities	7,785
SBA securities	6,072
State and political subdivisions	25,249	18,248
Mortgage-backed securities	39,116	82,412
Other investments
Total assets measured at fair value on a recurring basis	78,222	100,660
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale:
US Agency securities
SBA securities
State and political subdivisions
Mortgage-backed securities
Other investments	7,794	7,924
Total assets measured at fair value on a recurring basis	$ 7,794	$ 7,924

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Deposits

12 Months Ended

Dec. 31, 2012

Deposits Disclosure [Abstract]

Deposits

NOTE 7 – Deposits

The following is a detail of the deposit accounts:

	December 31,
(dollars in thousands)	2012		2011
Non-interest bearing	$	80,880		68,984
Interest bearing:
NOW accounts		158,874		153,596
Money market accounts		100,841		113,737
Savings		6,026		4,717
Time, less than $100,000		81,315		72,056
Time, $100,000 and over		148,363		149,822
Total deposits	$	576,299		562,912

At December 31, 2012 and 2011, the Company had approximately $13.0 million and $45.8 million, respectively, of time deposits that were obtained outside of the Company’s primary market. Interest expense on time deposits greater than $100,000 was $2.0 million, $3.5 million, and $5.5 million for the years ended December 31, 2012, 2011, and 2010, respectively.

At December 31, 2012 the scheduled maturities of certificates of deposit are as follows:

(dollars in thousands)
2013	$	180,194
2014		43,054
2015		4,676
2016		722
2017 and after		1,032
	$	229,678

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Loans and Allowance for Loan Losses (Details 3) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	$ 458,469	$ 443,549
Outstanding consumer loans	187,480	155,085
Owner occupied [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	158,790	149,254
Non-owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	165,163	164,623
Real estate [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	86,559	57,798
Home equity [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	77,895	82,664
Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	20,347	17,841
Outstanding consumer loans	13,749	5,546
Business [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	114,169	111,831
Other [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	9,277	9,077
Pass [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	412,896	394,862
Outstanding consumer loans	179,392	148,285
Pass [Member] | Owner occupied [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	148,255	139,746
Pass [Member] | Non-owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	141,352	138,407
Pass [Member] | Real estate [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	83,173	54,973
Pass [Member] | Home equity [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	73,718	79,129
Pass [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	18,265	12,801
Outstanding consumer loans	13,749	5,546
Pass [Member] | Business [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	105,024	103,908
Pass [Member] | Other [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	8,752	8,637
Special Mention [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	19,554	19,331
Outstanding consumer loans	4,767	2,732
Special Mention [Member] | Owner occupied [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	7,446	4,289
Special Mention [Member] | Non-owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	9,358	12,721
Special Mention [Member] | Real estate [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	2,307	525
Special Mention [Member] | Home equity [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	2,290	2,142
Special Mention [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Outstanding consumer loans
Special Mention [Member] | Business [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	2,750	2,321
Special Mention [Member] | Other [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	170	65
Substandard [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	26,019	29,356
Outstanding consumer loans	3,321	4,068
Substandard [Member] | Owner occupied [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	3,089	5,219
Substandard [Member] | Non-owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	14,453	13,495
Substandard [Member] | Real estate [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	1,079	2,300
Substandard [Member] | Home equity [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	1,887	1,393
Substandard [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	2,082	5,040
Outstanding consumer loans
Substandard [Member] | Business [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans	6,395	5,602
Substandard [Member] | Other [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans	355	375
Doubtful [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Outstanding consumer loans
Doubtful [Member] | Owner occupied [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Doubtful [Member] | Non-owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Doubtful [Member] | Real estate [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Doubtful [Member] | Home equity [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Doubtful [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Outstanding consumer loans
Doubtful [Member] | Business [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Doubtful [Member] | Other [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Loss [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Outstanding consumer loans
Loss [Member] | Owner occupied [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Loss [Member] | Non-owner occupied RE [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Loss [Member] | Real estate [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Loss [Member] | Home equity [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans
Loss [Member] | Construction [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Outstanding consumer loans
Loss [Member] | Business [Member]
Outstanding commercial and consumer loans by risk category
Outstanding commercial loans
Loss [Member] | Other [Member]
Outstanding commercial and consumer loans by risk category
Outstanding consumer loans

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Property and Equipment

12 Months Ended

Dec. 31, 2012

Property and Equipment [Abstract]

Property and Equipment

NOTE 5 – Property and Equipment

Property and equipment are stated at cost less accumulated depreciation. Components of property and equipment included in the consolidated balance sheets are as follows:

	December 31,
(dollars in thousands)	2012			2011
Land	$	3,523			3,523
Buildings		12,874			11,753
Leasehold Improvements		1,624			1,118
Furniture and equipment		5,020			4,312
Software		342			343
Construction in process		53			193
		23,436			21,242
Accumulated depreciation		(4,703	)		(3,900	)
Total property and equipment	$	18,733			17,342

The $1.1 million increase in buildings during the twelve months ended December 31, 2012 is related to the addition of a third retail office in Columbia, South Carolina, while the $506,000 increase in leasehold improvements during the twelve months ended December 31, 2012 is primarily related to the upfit of office space at the Company’s first retail office in Charleston, South Carolina. In addition, furniture and equipment increased $708,000 due to the purchase of assets to furnish the new offices in Columbia and Charleston.

Construction in process at December 31, 2012 and 2011 related to various bank-related equipment not yet placed in service. Depreciation and amortization expense for the years ended December 31, 2012, 2011 and 2010 was $979,000, $884,000, and $853,000, respectively. Depreciation is charged to operations utilizing a straight-line method over the estimated useful lives of the assets. The estimated useful lives for the principal items follow:

Type of Asset	Life in Years
Software		3
Furniture and equipment	5 to 7
Leasehold improvements	5 to 15
Buildings		40

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Other Real Estate Owned

12 Months Ended

Dec. 31, 2012

Other Real Estate Owned [Abstract]

Other Real Estate Owned

NOTE 6 – Other Real Estate Owned

Other real estate owned is comprised of real estate held for investment and real estate acquired in settlement of loans and is included in other assets on the balance sheet. At December 31, 2012, real estate held for investment included 8 properties totaling $1.7 million, a $2.0 million decrease from the $3.7 million balance at December 31, 2011. The following summarizes the activity in the real estate acquired in settlement of loans portion of other real estate owned:

	For the year ended December 31,
(dollars in thousands)	2012			2011
Balance, beginning of year	$	3,686			5,628
Additions		1,580			907
Sales		(3,128	)		(2,067	)
Write-downs		(419	)		(782	)
Balance, end of year	$	1,719			3,686

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Federal Home Loan Bank Advances and Other Borrowings

12 Months Ended

Dec. 31, 2012

Federal Home Loan Bank Advances and Other Borrowings [Abstract]

Federal Home Loan Bank Advances and Other Borrowings

NOTE 8 – Federal Home Loan Bank Advances and Other Borrowings

At December 31, 2012, the Company had $124.1 million in FHLB advances and other borrowings. Of the $124.1 million, FHLB advances represented $103.5 million, securities sold under structured agreements to repurchase represented $19.2 million, and a line of credit represented $1.4 million. At December 31, 2011, FHLB advances and other borrowings totaled $122.7 million, of which FHLB advances represented $103.5 million and securities sold under structured agreements to repurchase represented $19.2 million.

The FHLB advances are secured with approximately $136.1 million of mortgage loans and $5.8 million of stock in the FHLB. During 2012, the Company restructured three FHLB advances totaling $45.0 million. In accordance with accounting guidance, we determined that the present value of the cash flows of the modified advances will not change by more than 10% from the present value of the cash flows of the original advances. Therefore, the modified FHLB advances are considered to be a restructuring and no gain or loss was recorded in the transaction. The original FHLB advances had a weighted rate of 3.16% and an average remaining life of 52 months. Under the modified arrangements, the $45.0 million in FHLB advances have a weighted average rate of 2.42% and an average remaining life of 61 months. Under a similar scenario in the third quarter of 2011, the Company restructured four FHLB advances totaling $44.5 million with a weighted average rate of 3.26% and average remaining life of 32 months under their original terms. Following the restructure, the weighted average rate of the four advances was 2.71% and the remaining average life was 54 months.

Listed below is a summary of the terms and maturities of the advances at December 31, 2012 and 2011. A number of the Company’s advances are callable and subject to repricing during 2012 at the option of the FHLB.

	December 31,
(dollars in thousands)	2012					2011
Maturity	Amount		Rate			Amount		Rate
September 2, 2014	$	7,500		2.36	%	$	7,500		2.58	%
August 25, 2015		-		-			10,000		2.80	%
September 28, 2015		-		-			20,000		2.14	%
October 11, 2016		5,000		4.07	%		5,000		4.07	%
October 18, 2016		7,000		2.38	%		7,000		2.55	%
October 18, 2016		7,500		2.55	%		7,500		2.55	%
October 19, 2016		10,000		2.11	%		-		-
October 19, 2016		20,000		1.68	%		-		-
February 13, 2017		7,500		4.38	%		7,500		4.38	%
July 11, 2017		9,000		4.49	%		9,000		4.49	%
July 24, 2017		5,000		4.25	%		5,000		4.25	%
February 15, 2019		10,000		4.47	%		10,000		4.47	%
April 10, 2019		15,000		3.48	%		-		-
April 22, 2019		-		-			15,000		4.75	%
	$	103,500					103,500

At December 31, 2012 and 2011, the Company had four structured debt agreements secured by approximately $24.0 million of various investment securities. Each of these agreements has callable features and is subject to repricing at the option of the seller. Listed below is a summary of the terms and maturities of these structured agreements to repurchase:

(dollars in thousands)
Maturity	Amount		Rate
September 18, 2017	$	10,000		3.63	%
December 17, 2017		2,000		3.65	%
March 14, 2018		3,600		2.75	%
September 15, 2018		3,600		2.55	%
	$	19,200

The Company also has an unsecured, interest only line of credit for $1.5 million with another financial institution for which $1.4 million was outstanding at December 31, 2012. The line of credit bears interest at 5.0% and matures on February 3, 2014. The loan agreement contains various financial covenants related to capital, earnings and asset quality.

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Loans and Allowance for Loan Losses (Details 7) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Summary of activity related to our allowance for loan losses
Balance, beginning of period				$ 8,925				$ 8,386	$ 8,925	$ 8,386
Provision for loan losses	950	1,125	1,275	1,200	2,225	1,670	650	725	4,550	5,270	5,610
Loan charge-offs									(4,505)	(4,938)
Loan recoveries									121	207
Net loan charge-offs									(4,384)	(4,731)
Balance, end of period	9,091				8,925				9,091	8,925	8,386
Commercial [Member]
Summary of activity related to our allowance for loan losses
Balance, beginning of period				8,061					8,061
Loan charge-offs									(3,600)	(4,434)
Loan recoveries									73	205
Balance, end of period	7,981				8,061				7,981	8,061
Commercial [Member] | Owner occupied RE [Member]
Summary of activity related to our allowance for loan losses
Loan charge-offs									(1,857)	(72)
Loan recoveries									4	14
Commercial [Member] | Non-owner occupied RE [Member]
Summary of activity related to our allowance for loan losses
Loan charge-offs									(513)	(1,052)
Loan recoveries									42	42
Commercial [Member] | Construction [Member]
Summary of activity related to our allowance for loan losses
Loan charge-offs										(67)
Loan recoveries
Commercial [Member] | Business [Member]
Summary of activity related to our allowance for loan losses
Loan charge-offs									(1,230)	(3,243)
Loan recoveries									27	149
Consumer [Member]
Summary of activity related to our allowance for loan losses
Balance, beginning of period				864					864
Loan charge-offs									(905)	(504)
Loan recoveries									48	2
Balance, end of period	1,110				864				1,110	864
Consumer [Member] | Real estate [Member]
Summary of activity related to our allowance for loan losses
Loan charge-offs									(214)	(129)
Loan recoveries									2
Consumer [Member] | Home equity [Member]
Summary of activity related to our allowance for loan losses
Loan charge-offs									(691)	(175)
Loan recoveries									32	2
Consumer [Member] | Construction [Member]
Summary of activity related to our allowance for loan losses
Loan charge-offs
Loan recoveries
Consumer [Member] | Other [Member]
Summary of activity related to our allowance for loan losses
Loan charge-offs										(200)
Loan recoveries									$ 14

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Fair Value Accounting (Details 1) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Assets
Impaired loans	$ 13,939	$ 13,756
Other real estate owned	1,719	3,686
Total assets measured at fair value on a non-recurring basis	15,658	17,442
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Impaired loans
Other real estate owned
Total assets measured at fair value on a non-recurring basis
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Impaired loans	13,748	12,318
Other real estate owned	1,390	2,461
Total assets measured at fair value on a non-recurring basis	15,138	14,779
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Impaired loans	191	1,438
Other real estate owned	329	1,225
Total assets measured at fair value on a non-recurring basis	$ 520	$ 2,663

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Loans and Allowance for Loan Losses (Details 9) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Allowance for loan losses and recorded investment in loans by impairment methodology
Allowance for loan losses, Individually evaluated	$ 3,534	$ 3,753
Recorded investment in loans, Individually evaluated	15,563	15,380
Allowance for loan losses, Collectively evaluated	5,557	5,172
Recorded investment in loans, Collectively evaluated	630,396	583,284
Allowance for loan losses, Total	9,091	8,925	8,386
Total gross loans, net of deferred fees	645,949	598,634
Commercial Loan [Member]
Allowance for loan losses and recorded investment in loans by impairment methodology
Allowance for loan losses, Individually evaluated	3,534	3,753
Recorded investment in loans, Individually evaluated	15,563	15,380
Allowance for loan losses, Collectively evaluated	4,447	4,308
Recorded investment in loans, Collectively evaluated	442,906	428,169
Allowance for loan losses, Total	7,981	8,061
Total gross loans, net of deferred fees	458,469	443,549
Consumer [Member]
Allowance for loan losses and recorded investment in loans by impairment methodology
Allowance for loan losses, Individually evaluated
Recorded investment in loans, Individually evaluated
Allowance for loan losses, Collectively evaluated	1,110	864
Recorded investment in loans, Collectively evaluated	187,480	155,085
Allowance for loan losses, Total	1,110	864
Total gross loans, net of deferred fees	$ 187,480	$ 155,085

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Warrants and Stock Options and Grant Plans (Details Textual)	12 Months Ended			1 Months Ended		1 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Mar. 31, 2000 Stock option plan [Member]	Mar. 21, 2000 Stock option plan [Member]	May 31, 2010 2010 incentive plan [Member]	May 18, 2010 2010 incentive plan [Member]	Dec. 31, 2012 Restricted stock plan [Member]	Dec. 31, 2011 Restricted stock plan [Member]
Warrants and Stock Options and Grant Plans (Textual)
Number of stock option available for grant					436,424		366,025
Option expiration period				10 years		10 years
Adjusted percentage of stock dividends							10.00%
Number of shares authorized under the restricted stock plan								13,310	13,310
Shares issued under provision of issuance of shares of restricted stock						79,860
Expected volatility rate	44.04%	26.76%	26.76%
Risk-free interest rate	1.86%	3.35%	3.25%
Life expectancy of the options	10 years	10 years	10 years
Assumed dividend rate	0.00%	0.00%	0.00%

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Loans and Allowance for Loan Losses (Details 6) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	$ 17,854	$ 12,963	$ 10,119
Recognized interest income	629	866	255
Commercial [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	15,699	10,797	8,126
Recognized interest income	559	789	215
Commercial [Member] | Owner occupied RE [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	3,881	3,521	960
Recognized interest income	17	220	47
Commercial [Member] | Non-owner occupied RE [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	5,811	2,520	3,048
Recognized interest income	392	281	44
Commercial [Member] | Construction [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	2,127	1,425	1,430
Recognized interest income	66	81	6
Commercial [Member] | Business [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	3,880	3,331	2,688
Recognized interest income	84	207	118
Consumer [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	2,155	2,166	1,993
Recognized interest income	70	77	40
Consumer [Member] | Real Estate [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	1,397	1,729	1,764
Recognized interest income	44	64	37
Consumer [Member] | Home equity [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	518	399	222
Recognized interest income	12		2
Consumer [Member] | Construction [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment
Recognized interest income
Consumer [Member] | Other [Member]
Average recorded investment and interest income recognized on impaired loans
Average recorded investment	240	38	7
Recognized interest income	$ 14	$ 13	$ 1

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Commitments and Contingencies (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Commitments and Contingencies (Textual)
Description of employment agreement	These agreements include a) an incentive program, b) a stock option plan, c) a one-year non-compete agreement upon termination and a severance payment equal to one year of compensation.
Estimated aggregate commitment	$ 1,000,000
Agreement with data processor expire date	2014
Monthly charges under agreement with data processor	89,000
Operating lease expired date	Various dates through 2028
Lease expense	$ 728,000	$ 684,000	$ 669,000
Chief Executive Officer [Member]
Commitments and Contingencies (Textual)
Period of employment agreement	3 years
President [Member]
Commitments and Contingencies (Textual)
Period of employment agreement	2 years
Executive Vice President [Member]
Commitments and Contingencies (Textual)
Period of employment agreement	2 years
Number of executive officers	2

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Investment Securities (Tables)

12 Months Ended

Dec. 31, 2012

Investment Securities [Abstract]

Amortized costs and fair value of investment securities

	December 31, 2012
	Amortized		Gross Unrealized				Fair
(dollars in thousands)	Cost		Gains		Losses		Value
Available for sale
US Agency securities	$	7,781		14		10		7,785
SBA securities		6,060		17		5		6,072
State and political subdivisions		24,167		1,130		48		25,249
Mortgage-backed securities
FHLMC		8,434		196		-		8,630
FNMA		29,718		484		14		30,188
GNMA		276		22		-		298
		38,428		702		14		39,116
Total	$	76,436		1,863		77		78,222

	December 31, 2011
	Amortized		Gross Unrealized				Fair
	Cost		Gains		Losses		Value
Available for sale
State and political subdivisions	$	17,390		860		2		18,248
Mortgage-backed securities
FHLMC		22,549		325		31		22,843
FNMA		58,631		441		72		59,000
GNMA		514		55		-		569
		81,694		821		103		82,412
Total	$	99,084		1,681		105		100,660

Amortized costs and fair values of investment securities available for sale by contractual maturity

	December 31,
	2012				2011
(dollars in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Available for sale
Due within one year	$	417		421		-		-
Due after one through five years		3,690		3,671		520		527
Due after five through ten years		4,612		5,031		16,634		17,163
Due after ten years		67,717		69,099		81,930		82,970
	$	76,436		78,222		99,084		100,660

Summary of gross unrealized losses on investment securities and fair market value of related securities

	Less than 12 months						12 months or longer						Total
(dollars in thousands)		#	Fair value		Unrealized losses			#	Fair value		Unrealized losses			#	Fair value		Unrealized losses
As of December 31, 2012
Available for sale
US Agency securities		1	$	3,771	$	10		-	$	-	$	-		1	$	3,771	$	10
SBA securities		1		2,015		5		-		-		-		1		2,015		5
State and political subdivisions		16		6,608		48		-		-		-		16		6,608		48
Mortgage-backed
FHLMC		-		-		-		-		-		-		-		-		-
FNMA		2		3,669		14		-		-		-		2		3,669		14
		20	$	16,063	$	77		-	$	-	$	-		20	$	16,063	$	77
As of December 31, 2011
Available for sale
State and political subdivisions		1	$	500	$	2		-	$	-	$	-		1	$	500	$	2
Mortgage-backed
FHLMC		1		2,602		31		-		-		-		1		2,602		31
FNMA		8		19,775		72		-		-		-		8		19,775		72
		10	$	22,877	$	105		-	$	-	$	-		10	$	22,877	$	105

Other investments

	December 31,
(dollars in thousands)	2012		2011
Federal Reserve Bank stock	$	1,485		1,485
Federal Home Loan Bank stock		5,807		5,937
Certificates of deposit		99		99
Investment in Trust Preferred subsidiaries		403		403
	$	7,794		7,924

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Summary of Significant Accounting Policies and Activities (Details Textual) (USD $)	1 Months Ended	12 Months Ended
	Jan. 31, 2013	Dec. 31, 2012	Jan. 22, 2013	Jan. 09, 2013	Dec. 31, 2011
Summary of Significant Accounting Policies and Activities (Textual)
Number of trust preferred securities issued		$ 13,400,000
Real estate loan percentage of total loan		80.90%			79.80%
Tier 1 leverage capital ratio		8.00%
Tier 1 risk-based capital ratio		10.00%
Total risk-based capital ratio		12.00%
Percentage of par value of preferred stock redeemed				96.00%
Value of the preferred stock redeemed				500,000
Redemption amount of preferred stock				480,000
Dividend approved by board of directors to company's shareholders			10.00%
Common stock dividend record date	Feb. 01, 2013
Common stock dividend distribution date	Feb. 15, 2013
Deposit to Federal Reserve Bank		15,600,000			15,000,000
Investment in Trusts		$ 403,000
Description of loan charge-off policy		The loan is 120 days past due unless both well-secured and in the process of collection. For consumer loans, we generally charge down to net realizable value when the loan is 180 days past due.

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Commitments and Contingencies

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies [Abstract]

Commitments and Contingencies

NOTE 13 – Commitments and Contingencies

The Company has entered into a three year employment agreement with its chief executive officer and a two year employment agreement with its president and with two executive vice presidents. These agreements include a) an incentive program, b) a stock option plan, c) a one-year non-compete agreement upon termination and a severance payment equal to one year of compensation. The total estimated aggregate commitment is approximately $1.0 million.

The Company has entered into an agreement with a data processor which expires in 2014 to provide certain item processing, electronic banking, and general ledger processing services. Components of this contract vary based on transaction and account volume and include a base monthly charge of approximately $89,000.

At December 31, 2012, the Company occupied land and banking office space under leases expiring on various dates through 2028. The estimated future minimum lease payments under these noncancelable operating leases are summarized as follows:

(dollars in thousands)	For the years ended December 31,
2013	$	1,825
2014		1,841
2015		796
2016		795
2017		120
Thereafter		1,143
	$	6,520

Lease expense for the years ended December 31, 2012, 2011, and 2010, totaled $728,000, $684,000, and $669,000, respectively.

The Company may be subject to litigation and claims in the normal course of business. As of December 31, 2012, management believes there is no material litigation pending.

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Warrants and Stock Options and Grant Plans

12 Months Ended

Dec. 31, 2012

Warrants and Stock Options and Grant Plans [Abstract]

Warrants and Stock Options and Grant Plans

NOTE 18 – Warrants and Stock Options and Grant Plans

On March 21, 2000, the Company adopted a stock option plan for the benefit of the directors, officers and employees. Under the Plan, the Board could grant up to 436,424 options at an option price per share not less than the fair market value on the date of grant. The options expire 10 years from the grant date, but expired or forfeited options may be reissued. Under the terms of the Plan any awards remaining and granted after March 2010 are accounted for as non-qualified stock options. As of January 2011, all available options under the Plan had been granted.

On May 18, 2010, the Company adopted the 2010 Incentive Plan in order to attract and retain highly qualified personnel who will contribute to the Company’s success. The Plan makes available for issuance 366,025 stock options (adjusted for the 10% stock dividends in 2013, 2012, and 2011). The options may be exercised at an option price per share based on the fair market value and determined on the date of grant and expire 10 years from the grant date.

A summary of the status of the stock option plan and changes for the period (adjusted for the stock dividends in 2011, 2012, and 2013) are presented below:

	For the years ended December 31,
	2012							2011							2010
	Shares			Weighted average exercise price		Aggregate Intrinsic Value		Shares			Weighted average exercise price		Aggregate Intrinsic Value		Shares			Weighted average exercise price		Aggregate Intrinsic Value
Outstanding at beginning of year		455,698		$	6.76				428,469		$	7.04				451,428		$	6.68
Granted		120,615			6.31				87,967			6.05				222,943			5.67
Exercised		(17,867	)		5.36				(16,615	)		4.65				(23,792	)		4.55
Forfeited or expired		(1,972	)		5.17				(44,123	)		8.76				(222,110	)		5.35
Outstanding at end of year		556,474		$	6.72	$	1,265,486		455,698		$	6.76	$	117,017		428,469		$	7.04	$	72,075
Options exercisable at year-end		257,290				$	1,265,486		181,059				$	117,017		137,383				$	72,075
Shares available for grant		229,616							350,231							438,199

The fair value of the option grant is estimated on the date of grant using the Black-Scholes option-pricing model. The following assumptions were used for grants: expected volatility of 44.04% for 2012, 26.76% for 2011 and 2010; risk-free interest rate of 1.86% for 2012, 3.35% for 2011, 3.25% for 2010; 10 year life expectancy of the options, and; assumed dividend rate of zero.

The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of 2012 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on December 31, 2012. This amount changes based on the fair market value of the Company’s stock.

In 2006, the Company adopted a restricted stock plan for the benefit of the directors, officers and employees. Under the restricted stock plan, 13,310 shares of restricted stock (adjusted for the stock dividends in 2011 and 2012) were authorized for issuance. As of December 31, 2012 all shares of restricted stock, authorized under the plan had been granted. In May 2010, the Company adopted the 2010 Incentive Plan which included a provision for the issuance of 79,860 shares of restricted stock (adjusted for all subsequent stock dividends).

Shares of restricted stock granted to employees under the stock plans are subject to restrictions as to continuous employment for a specified time period following the date of grant. During this period, the holder is entitled to full voting rights and dividends.

A summary of the status of the Company’s nonvested restricted stock and changes for the years ended December 31, 2012, 2011, and 2010 (adjusted for the stock dividends in 2011, 2012, and 2013) is as follows:

	December 31,
	2012					2011				2010
	Restricted Shares			Weighted Average Grant-Date Fair Value		Restricted Shares		Weighted Average Grant-Date Fair Value		Restricted Shares			Weighted Average Grant-Date Fair Value
Nonvested at beginning of year		3,025		$	6.53		-	$	-		833		$	16.25
Granted		25,850			6.78		3,025		6.53		-			-
Vested		(756	)		6.53		-		-		(833	)		16.25
Forfeited		-			-		-		-		-			-
Nonvested at end of year		28,119		$	6.76		3,025	$	6.53		-		$	-

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Income Taxes (Details 2) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Deferred tax assets:
Allowance for loan losses	$ 3,091	$ 3,035
Net deferred loan fees	326	207
Interest on nonaccrual loans	617	625
Deferred compensation	577	408
Sale of real estate owned	212	235
Other	287	288
Deferred tax assets, gross	5,110	4,798
Deferred tax liabilities:
Property and equipment	1,188	1,041
Unrealized gain on securities available for sale	607	536
Other	139	270
Deferred tax liabilities, gross	1,934	1,847
Net deferred tax asset	$ 3,176	$ 2,951

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Selected Condensed Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2012

Selected Condensed Quarterly Financial Data [Abstract]

Summary of selected quarterly financial information

	2012
	For the quarters ended
(dollars in thousands, except share data)	March 31		June 30		September 30		December 31
Interest income	$	8,557		8,534		8,790		8,817
Interest expense		2,428		2,156		2,082		2,037
Net interest income		6,129		6,378		6,708		6,780
Provision for loan losses		1,200		1,275		1,125		950
Noninterest income		837		741		1,286		897
Noninterest expenses		4,779		4,655		5,025		5,053
Income before income tax expense		987		1,189		1,844		1,674
Income tax expense		299		374		618		541
Net income		688		815		1,226		1,133
Preferred stock dividends		216		216		204		204
Discount accretion (1)		73		106		180		-
Redemption of preferred stock		-		96		-		-
Net income available to common shareholders (1)	$	399		589		842		929
Earnings per common share (1)
Basic	$	0.09		0.14		0.20		0.22
Diluted	$	0.09		0.13		0.19		0.22
Weighted average common shares outstanding
Basic		4,222,622		4,225,993		4,229,819		4,241,280
Diluted		4,267,813		4,436,920		4,349,971		4,305,127

	2011
	For the quarters ended
	March 31		June 30		September 30		December 31
Interest income	$	8,605		8,887		8,851		8,799
Interest expense		3,204		3,085		2,877		2,688
Net interest income		5,401		5,802		5,974		6,111
Provision for loan losses		725		650		1,670		2,225
Noninterest income		556		618		723		873
Noninterest expenses		4,467		4,855		4,352		4,193
Income (loss) before income tax expense		765		915		675		566
Income tax expense (benefit)		228		287		192		126
Net income		537		628		483		440
Preferred stock dividends		216		216		216		217
Discount accretion (1)		68		69		70		72
Net income(loss) available to common shareholders (1)	$	253		343		197		151
Earnings (loss) per common share (1)
Basic	$	0.06		0.08		0.05		0.04
Diluted	$	0.06		0.08		0.05		0.04
Weighted average common shares outstanding
Basic		4,194,705		4,203,072		4,203,072		4,203,072
Diluted		4,291,538		4,300,180		4,328,383		4,225,569

(1) Amounts for the first two quarters of 2011 have been restated for a correction of an error. See Note 1 to the financial statements.

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Regulatory Matters (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Summary of capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements
Total Capital (to risk weighted assets) Actual, Ratio	12.00%
Tier 1 Capital (to risk weighted assets) Actual, Ratio	10.00%
Tier 1 Capital (to average assets), Actual Ratio	8.00%
Southern First Bank, N.A. (the "bank") [Member]
Summary of capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements
Total Capital (to risk weighted assets) Actual	$ 83,763	$ 80,885
Total Capital (to risk weighted assets) Actual, Ratio	13.00%	13.10%
Total Capital (to risk weighted assets) OCC Required Capital Ratio Minimum		74,095
Total Capital (to risk weighted assets) OCC Required Capital Ratio Minimum, Ratio		12.00%
Total Capital (to risk weighted assets) For capital adequacy purposes Minimum	51,498	49,397
Total Capital (to risk weighted assets) For capital adequacy purposes Minimum, Ratio	8.00%	8.00%
Total Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum	64,372	61,746
Total Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum, Ratio	10.00%	10.00%
Tier 1 Capital (to risk weighted assets) Actual	75,704	73,152
Tier 1 Capital (to risk weighted assets) Actual, Ratio	11.80%	11.90%
Tier 1 Capital (to risk weighted assets) OCC Required Capital Ratio Minimum		61,746
Tier 1 Capital (to risk weighted assets) OCC Required Capital Ratio Minimum, Ratio		10.00%
Tier 1 Capital (to risk weighted assets) For capital adequacy purposes Minimum	25,749	24,698
Tier 1 Capital (to risk weighted assets) For capital adequacy purposes Minimum, Ratio	4.00%	4.00%
Tier 1 Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum	38,623	37,047
Tier 1 Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum, Ratio	6.00%	6.00%
Tier 1 Capital (to average assets) Actual	75,704	73,152
Tier 1 Capital (to average assets), Actual Ratio	9.60%	9.50%
Tier 1 Capital (to average assets) OCC Required Capital Ratio Minimum		69,571
Tier 1 Capital (to average assets) OCC Required Capital Ratio Minimum, Ratio		9.00%
Tier 1 Capital (to average assets) For capital adequacy purposes Minimum	31,492	30,920
Tier 1 Capital (to average assets) For capital adequacy purposes Minimum, Ratio	4.00%	4.00%
Tier 1 Capital (to average assets) To be well capitalized under prompt corrective action provisions minimum	39,366	38,651
Tier 1 Capital (to average assets) To be well capitalized under prompt corrective action provisions minimum, Ratio	5.00%	5.00%
Southern First Bancshares, Inc. [Member]
Summary of capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements
Total Capital (to risk weighted assets) Actual	84,006	82,231
Total Capital (to risk weighted assets) Actual, Ratio	13.10%	13.30%
Total Capital (to risk weighted assets) OCC Required Capital Ratio Minimum
Total Capital (to risk weighted assets) OCC Required Capital Ratio Minimum, Ratio
Total Capital (to risk weighted assets) For capital adequacy purposes Minimum	51,498	49,397
Total Capital (to risk weighted assets) For capital adequacy purposes Minimum, Ratio	8.00%	8.00%
Total Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum
Total Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum, Ratio
Tier 1 Capital (to risk weighted assets) Actual	75,947	74,498
Tier 1 Capital (to risk weighted assets) Actual, Ratio	11.80%	12.10%
Tier 1 Capital (to risk weighted assets) OCC Required Capital Ratio Minimum
Tier 1 Capital (to risk weighted assets) OCC Required Capital Ratio Minimum, Ratio
Tier 1 Capital (to risk weighted assets) For capital adequacy purposes Minimum	25,749	24,698
Tier 1 Capital (to risk weighted assets) For capital adequacy purposes Minimum, Ratio	4.00%	4.00%
Tier 1 Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum
Tier 1 Capital (to risk weighted assets) To be well capitalized under prompt corrective action provisions minimum, Ratio
Tier 1 Capital (to average assets) Actual	75,947	74,498
Tier 1 Capital (to average assets), Actual Ratio	9.70%	9.60%
Tier 1 Capital (to average assets) OCC Required Capital Ratio Minimum
Tier 1 Capital (to average assets) OCC Required Capital Ratio Minimum, Ratio
Tier 1 Capital (to average assets) For capital adequacy purposes Minimum	31,492	30,920
Tier 1 Capital (to average assets) For capital adequacy purposes Minimum, Ratio	4.00%	4.00%
Tier 1 Capital (to average assets) To be well capitalized under prompt corrective action provisions minimum
Tier 1 Capital (to average assets) To be well capitalized under prompt corrective action provisions minimum, Ratio

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Fair Value Accounting (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value Accounting [Abstract]

Schedule of assets and liabilities measured at fair value on recurring basis

	December 31, 2012
(dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Securities available for sale:
US Agency securities	$	-		7,785		-		7,785
SBA securities		-		6,072		-		6,072
State and political subdivisions		-		25,249		-		25,249
Mortgage-backed securities		-		39,116		-		39,116
Other investments		-		-		7,794		7,794
Total assets measured at fair value on a recurring basis	$	-		78,222		7,794		86,016
	December 31, 2011
	Level 1		Level 2		Level 3		Total
Assets
Securities available for sale:
State and political subdivisions	$	-		18,248		-		18,248
Mortgage-backed securities		-		82,412		-		82,412
Other investments		-		-		7,924		7,924
Total assets measured at fair value on a recurring basis	$	-		100,660		7,924		108,584

Schedule of assets and liabilities measured on a nonrecurring basis

	December 31, 2012
(dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Impaired loans	$	-		13,748		191		13,939
Other real estate owned		-		1,390		329		1,719
Total assets measured at fair value on a nonrecurring basis	$	-		15,138		520		15,658
	December 31, 2011
	Level 1		Level 2		Level 3		Total
Assets
Impaired loans	$	-		12,318		1,438		13,756
Other real estate owned		-		2,461		1,225		3,686
Total assets measured at fair value on a nonrecurring basis	$	-		14,779		2,663		17,442

Schedule of unobservable inputs used in the fair value measurements

	Valuation Technique	Significant Unobservable Inputs
Other investments	Carrying Value	None
Impaired loans	Appraised Value/ Discounted Cash Flows	Appraisals and/or sales of comparable properties
Other real estate owned	Appraised Value/ Comparable Sales	Appraisals and/or sales of comparable properties/ Independent quotes

Estimated fair values of the Company's financial instruments

					December 31, 2012
(dollars in thousands)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	29,413		29,413		29,413		-		-
Other investments		7,794		7,794		-		-		7,794
Loans, net		636,858		645,852		-		13,748		632,104
Bank owned life insurance		18,725		18,725		-		-		18,725
Financial Liabilities:
Deposits		576,299		561,599		-		561,599		-
FHLB and other borrowings		124,100		140,455		-		140,455		-
Junior subordinated debentures		13,403		5,093		-		5,093		-
					December 31, 2011
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	23,005		23,005		23,005		-		-
Other investments		7,924		7,924		-		-		7,924
Loans, net		589,709		603,416		-		12,318		591,098
Bank owned life insurance		18,093		18,093		-		-		18,093
Financial Liabilities:
Deposits		562,912		521,930		-		521,930		-
FHLB and other borrowings		122,700		141,411		-		141,411		-
Junior subordinated debentures		13,403		4,212		-		4,212		-

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Parent Company Financial Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010		Dec. 31, 2009
Assets
Cash and cash equivalents	$ 29,413				$ 23,005				$ 29,413	$ 23,005	$ 53,850
Other assets	5,077				8,061				5,077	8,061
Total assets	797,998				767,745				797,998	767,745
Liabilities and Shareholders' Equity
Shareholders' equity	64,125				62,539				64,125	62,539	59,216	[1]	59,841	[1]
Total liabilities and shareholders' equity	797,998				767,745				797,998	767,745
Revenues
Interest income	8,817	8,790	8,534	8,557	8,799	8,851	8,887	8,605	34,698	35,142	35,529
Expenses
Interest expense	2,037	2,082	2,156	2,428	2,688	2,877	3,085	3,204	8,702	11,854	15,317
Income tax benefit	541	618	374	299	126	192	287	228	1,833	833	193
Net income	1,133	1,226	815	688	440	483	628	537	3,862	2,088	890
Operating activities
Net income	1,133	1,226	815	688	440	483	628	537	3,862	2,088	890
Adjustments to reconcile net income to net cash used for operating activities
Compensation expense related to stock options and restricted stock grants									342	276	246
Decrease in other assets, net									1,017	729	1,750
Net cash used for operating activities									11,875	11,190	10,790
Investing activities
Net cash used for investing activities									(30,689)	(67,862)	13,586
Financing activities
Redemption of preferred stock									(1,100)
Redemption of CPP Warrant									(1,100)
Cash dividend on preferred stock									(845)	(865)	(865)
Cash in lieu of fractional shares									(2)	(1)
Proceeds from the exercise of stock options and warrants									96	77	295
Net cash used for financing activities									25,222	25,827	17,392
Net increase (decrease) in cash and cash equivalents									6,408	(30,845)	41,768
Cash and cash equivalents, beginning of year				23,005				53,850	23,005	53,850	12,082
Cash and cash equivalents, end of year	29,413				23,005				29,413	23,005	53,850
Southern First Bancshares, Inc. [Member]
Assets
Cash and cash equivalents	82				16				82	16	586
Investment in subsidiaries	77,285				74,596				77,285	74,596
Other assets	1,578				1,336				1,578	1,336
Total assets	78,945				75,948				78,945	75,948
Liabilities and Shareholders' Equity
Accounts payable and accrued expenses	17				6				17	6
Other borrowings	1,400								1,400
Junior subordinated debentures	13,403				13,403				13,403	13,403
Shareholders' equity	64,125				62,539				64,125	62,539
Total liabilities and shareholders' equity	78,945				75,948				78,945	75,948
Revenues
Interest income										1	11
Total revenue										1	11
Expenses
Interest expense									406	350	452
Other expenses									342	276	245
Total expenses									748	626	697
Income tax benefit									254	212	233
Loss before equity in undistributed net income of subsidiaries									(494)	(413)	(453)
Equity in undistributed net income of subsidiaries									4,356	2,501	1,343
Net income									3,862	2,088	890
Operating activities
Net income									3,862	2,088	890
Adjustments to reconcile net income to net cash used for operating activities
Equity in undistributed net income of subsidiaries									(4,356)	(2,501)	(1,343)
Compensation expense related to stock options and restricted stock grants									341	276	245
Decrease in other assets, net									(241)	(194)	(163)
Increase (decrease) in accounts payable and accrued expenses									11		(47)
Net cash used for operating activities									(383)	(331)	(418)
Investing activities
Investment in subsidiaries									1,804	550
Net cash used for investing activities									1,804	550
Financing activities
Increase (decrease) in note payable									1,400		(4,250)
Redemption of preferred stock									(1,100)
Redemption of CPP Warrant									(904)
Cash dividend on preferred stock									(845)	(865)	(865)
Cash in lieu of fractional shares									(2)	(1)
Proceeds from the exercise of stock options and warrants									96	77	295
Net cash used for financing activities									(1,355)	(789)	(4,820)
Net increase (decrease) in cash and cash equivalents									66	(570)	(5,238)
Cash and cash equivalents, beginning of year				16				586	16	586	5,824
Cash and cash equivalents, end of year	$ 82				$ 16				$ 82	$ 16	$ 586

[1] See Note 1 to the financial statements for information related to a correction of an error in 2010.

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Consolidated Statements of Comprehensive Income (Loss) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Statements Of Comprehensive Income (Loss) [Abstract]
Net income	$ 3,862	$ 2,088	$ 890
Unrealized gain on securities available for sale:
Unrealized holding gain (loss) arising during the period, pretax	573	2,633	(1,330)
Tax (expense) benefit	(195)	(895)	452
Reclassification of realized gain	(363)	(23)	(1,156)
Tax expense	122	8	393
Other than temporary impairment on investment securities		(25)	(450)
Other comprehensive income (loss)	137	1,748	(1,191)
Comprehensive income (loss)	$ 3,999	$ 3,836	$ (301)

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Fair Value Accounting (Details Textual) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012
Fair Value Accounting (Textual)
Decrease in other investment in FHLB stock	$ 130,000
Percentage of loans collateralize by real estate	More than 80

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Investment Securities

12 Months Ended

Dec. 31, 2012

Investment Securities [Abstract]

Investment Securities

NOTE 2 – Investment Securities

The amortized costs and fair value of investment securities are as follows:

	December 31, 2012
	Amortized		Gross Unrealized				Fair
(dollars in thousands)	Cost		Gains		Losses		Value
Available for sale
US Agency securities	$	7,781		14		10		7,785
SBA securities		6,060		17		5		6,072
State and political subdivisions		24,167		1,130		48		25,249
Mortgage-backed securities
FHLMC		8,434		196		-		8,630
FNMA		29,718		484		14		30,188
GNMA		276		22		-		298
		38,428		702		14		39,116
Total	$	76,436		1,863		77		78,222

	December 31, 2011
	Amortized		Gross Unrealized				Fair
	Cost		Gains		Losses		Value
Available for sale
State and political subdivisions	$	17,390		860		2		18,248
Mortgage-backed securities
FHLMC		22,549		325		31		22,843
FNMA		58,631		441		72		59,000
GNMA		514		55		-		569
		81,694		821		103		82,412
Total	$	99,084		1,681		105		100,660

During 2012, we developed a need for additional liquidity as we experienced increased loan demand and, as a result, sold $45.1 million of our mortgage-backed securities and state and municipal obligations, reinvested $18.1 million of the securities in similar investments at current rates, and recorded a net gain on sale of investment securities of $363,000.

The amortized costs and fair values of investment securities available for sale at December 31, 2012 and 2011, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers have the right to prepay the obligations.

	December 31,
	2012				2011
(dollars in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Available for sale
Due within one year	$	417		421		-		-
Due after one through five years		3,690		3,671		520		527
Due after five through ten years		4,612		5,031		16,634		17,163
Due after ten years		67,717		69,099		81,930		82,970
	$	76,436		78,222		99,084		100,660

The tables below summarize gross unrealized losses on investment securities and the fair market value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2012 and 2011.

	Less than 12 months						12 months or longer						Total
(dollars in thousands)		#	Fair value		Unrealized losses			#	Fair value		Unrealized losses			#	Fair value		Unrealized losses
As of December 31, 2012
Available for sale
US Agency securities		1	$	3,771	$	10		-	$	-	$	-		1	$	3,771	$	10
SBA securities		1		2,015		5		-		-		-		1		2,015		5
State and political subdivisions		16		6,608		48		-		-		-		16		6,608		48
Mortgage-backed
FHLMC		-		-		-		-		-		-		-		-		-
FNMA		2		3,669		14		-		-		-		2		3,669		14
		20	$	16,063	$	77		-	$	-	$	-		20	$	16,063	$	77
As of December 31, 2011
Available for sale
State and political subdivisions		1	$	500	$	2		-	$	-	$	-		1	$	500	$	2
Mortgage-backed
FHLMC		1		2,602		31		-		-		-		1		2,602		31
FNMA		8		19,775		72		-		-		-		8		19,775		72
		10	$	22,877	$	105		-	$	-	$	-		10	$	22,877	$	105

At December 31, 2012, the Company had 20 individual investments that were in an unrealized loss position for less than 12 months. The unrealized losses were primarily attributable to changes in interest rates, rather than deterioration in credit quality. The Company considers the length of time and extent to which the fair value of available-for-sale debt securities have been less than cost to conclude that such securities are not other-than-temporarily impaired. We also consider other factors such as the financial condition of the issuer including credit ratings and specific events affecting the operations of the issuer, volatility of the security, underlying assets that collateralize the debt security, and other industry and macroeconomic conditions. As the Company has no intent to sell securities with unrealized losses and it is not more-likely-than-not that the Company will be required to sell these securities before recovery of amortized cost, we have concluded that the securities are not impaired on an other-than-temporary basis.

During the second quarter of 2011, the Company recorded a $25,000 OTTI charge to earnings on its one private-label collateralized mortgage obligation (“CMO”) which had been in an unrealized loss position for over 12 months. During the third quarter of 2011, the Company sold the $2.5 million CMO as part of an investment portfolio restructuring and recognized an additional loss of $512,000 on the security. In addition to the CMO, the Company sold $26.9 million of securities during the second half of 2011, recognizing a gain on sale of $535,000.

Other investments are comprised of the following and are recorded at cost which approximates fair value:

	December 31,
(dollars in thousands)	2012		2011
Federal Reserve Bank stock	$	1,485		1,485
Federal Home Loan Bank stock		5,807		5,937
Certificates of deposit		99		99
Investment in Trust Preferred subsidiaries		403		403
	$	7,794		7,924

The Company has evaluated the Federal Reserve Bank and FHLB stock for impairment and determined that the investments in Federal Reserve Bank stock and FHLB stock are not other than temporarily impaired as of December 31, 2012 and ultimate recoverability of the par value of these investments is probable. All of the FHLB stock is used to collateralize advances with the FHLB.

At December 31, 2012, $22.8 million of securities were pledged as collateral for repurchase agreements from brokers, and approximately $10.5 million was pledged to secure client deposits. At December 31, 2011, $24.0 million of securities were pledged as collateral for repurchase agreements from brokers. In addition, approximately $8.1 million was pledged to secure client deposits.

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Loans and Allowance for Loan Losses (Details 1) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Composition of gross loans by rate type
Variable rate loans	$ 219,462	$ 249,840
Fixed rate loans	426,487	348,794
Total gross loans, net of deferred fees	$ 645,949	$ 598,634

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Junior Subordinated Debentures (Details) (USD $)	12 Months Ended		1 Months Ended	12 Months Ended			1 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Jun. 30, 2003 Greenville First Statutory Trust I [Member]	Dec. 31, 2012 Greenville First Statutory Trust I [Member]	Dec. 31, 2011 Greenville First Statutory Trust I [Member]	Dec. 31, 2010 Greenville First Statutory Trust I [Member]	Dec. 31, 2005 Greenville First Statutory Trust II [Member]	Dec. 31, 2012 Greenville First Statutory Trust II [Member]
Junior Subordinated Debentures (Textual)
Trust preferred securities issued at floating rate			$ 6,000,000				$ 7,000,000
Maturity date of trust preferred securities			Jun. 26, 2033				Dec. 22, 2035
Floating interest rate of trust preferred securities				3.41%				1.75%
Indexed period of LIBOR rate				3-month				3-month
Initial proceeds of preferred securities from the capital investment				186,000				217,000
Junior subordinated debentures	13,403,000	13,403,000		6,200,000				7,200,000
Debenture issuance cost, net of accumulated amortization				9,000
Amortization of debt issuance costs				$ 18,000	$ 18,000	$ 18,000
Description Of Wall Street Reform and Consumer Protection Act	Dodd-Frank Wall Street Reform and Consumer Protection Act will prohibit institutions that had more than $15 billion in assets on December 31, 2009 from including trust preferred securities as Tier 1 capital beginning in 2013. One-third will be phased out over the next two years ending in 2015. Financial institutions with less than $15 billion in total assets, such as the Bank, may continue to include their trust preferred securities issued prior to May 19, 2010 in Tier 1 capital, but cannot included in Tier 1 capital trust preferred securities issued after such date.

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Regulatory Matters (Details Textual)	Dec. 31, 2012
Regulatory Matters (Textual)
Tier 1 leverage capital ratio	8.00%
Tier 1 risk-based capital ratio	10.00%
Total risk-based capital ratio	12.00%

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Troubled Debt Restructurings (Details 1) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012 Investment	Dec. 31, 2011 Investment
Summary of TDRs past due more than 60 days and subsequently defaulted
Number of loans	5	21
Recorded investment	$ 1,509	$ 4,132
Commercial [Member] | Owner occupied RE [Member]
Summary of TDRs past due more than 60 days and subsequently defaulted
Number of loans	1	1
Recorded investment	1,292	249
Commercial [Member] | Non-owner occupied RE [Member]
Summary of TDRs past due more than 60 days and subsequently defaulted
Number of loans	1	1
Recorded investment	29	26
Commercial [Member] | Business [Member]
Summary of TDRs past due more than 60 days and subsequently defaulted
Number of loans	3	17
Recorded investment	188	3,208
Consumer [Member] | Real estate [Member]
Summary of TDRs past due more than 60 days and subsequently defaulted
Number of loans		2
Recorded investment		$ 649

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Preferred Stock Issuance

12 Months Ended

Dec. 31, 2012

Preferred Stock Issuance [Abstract]

Preferred Stock Issuance

NOTE 19 – Preferred Stock Issuance

On February 27, 2009, as part of the Treasury Department’s Capital Purchase Program (“CPP”), the Company entered into a Securities Purchase Agreement with the U.S. Department of the Treasury (“the Treasury”), pursuant to which the Company sold 17,299 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series T (the “Series T Preferred Stock”) and a warrant to purchase 399,970.34 shares of the Company’s common stock (the “Warrant”)for an aggregate purchase price of $17.3 million in cash. The Series T Preferred Stock qualified as Tier 1 capital and was entitled to cumulative dividends at a rate of 5% per annum for the first five years and 9% per annum thereafter. The Warrant had a 10-year term and was immediately exercisable upon its issuance, with an exercise price, subject to anti-dilution adjustments equal to $6.487 per share of the common stock.

On June 28, 2012, the Treasury sold its Series T Preferred Stock through a public offering structured as a modified Dutch auction. The Company bid on a portion of the Series T Preferred Stock in the auction after receiving approval from its regulators to do so. The clearing price per share for the preferred shares was $904 (compared to a par value of $1,000 per share), and the Company was successful in repurchasing 1,000 shares of the 17,299 shares of Series T Preferred Stock outstanding through the auction process. The remaining 16,299 shares of Series T Preferred Stock held by the Treasury were sold to unrelated third-parties through the auction process. Included in the September 30, 2012 operating results are approximately $130,000 of costs incurred by the Company related to the offering. These costs are not tax-deductible. The net balance sheet impact was a reduction to shareholders’ equity of $904,000 which is comprised of a decrease in Series T Preferred Stock of $1.0 million and a $96,000 increase to retained earnings related to the discount on the shares repurchased. The redemption of the $1.0 million in preferred shares will save the Company $50,000 annually in dividend expenses.

In addition, on July 25, 2012, the Company completed its repurchase of the Warrant from the Treasury for a mutually agreed upon price of $1.1 million. The difference between the fair value of the Warrant, as originally recorded, and the $1.1 million was $343,000 which resulted in a decrease to additional paid in capital. The Company also recorded the remaining accretion of $180,000 on the Series T Preferred Stock which brought the Preferred Stock to its par value. In conjunction with the repurchase of the Warrant, the Company obtained an interest only line of credit for $1.5 million with another financial institution. Interest is payable quarterly at a rate of 5%, and the line of credit matures on February 3, 2014.

Following the settlement of the Warrant on July 25, 2012, the Treasury has completely eliminated its equity stake in the Company through the Capital Purchase Program. As a result, the executive compensation and corporate governance standards that were applicable to the Company while the Treasury held shares of the Series T Preferred Stock are no longer applicable to our Company, and we have the option to increase the compensation for our executive officers and other senior employees on a going forward basis.

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Other Real Estate Owned (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Summary of activity of real estate acquired in settlement of loans portion of other real estate owned
Balance, beginning of year	$ 3,686	$ 5,628
Additions	1,580	907
Sales	(3,128)	(2,067)
Write-downs	(419)	(782)
Balance, end of year	$ 1,719	$ 3,686

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Other Real Estate Owned (Tables)

12 Months Ended

Dec. 31, 2012

Other Real Estate Owned [Abstract]

Summary of activity of real estate acquired in settlement of loans portion of other real estate owned

	For the year ended December 31,
(dollars in thousands)	2012			2011
Balance, beginning of year	$	3,686			5,628
Additions		1,580			907
Sales		(3,128	)		(2,067	)
Write-downs		(419	)		(782	)
Balance, end of year	$	1,719			3,686

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Earnings Per Common Share

12 Months Ended

Dec. 31, 2012

Earnings Per Common Share [Abstract]

Earnings Per Common Share

NOTE 12 – Earnings Per Common Share

The following schedule reconciles the numerators and denominators of the basic and diluted earnings per share computations for the years ended December 31, 2012, 2011 and 2010. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options and warrants that are outstanding. The assumed conversion of stock options and warrants can create a difference between basic and dilutive net income per common share.

At December 31, 2012, 2011 and 2010, 74,802, 167,937, and 828,764 options, respectively, were anti-dilutive in the calculation of earnings per share as their exercise price exceeded the fair market value. All earnings per share amounts have been restated to reflect the 10% stock dividends issued in January 2011, 2012, and 2013.

	December 31,
(dollars in thousands, except share data)	2012		2011		2010
Numerator:
Net income	$	3,862		2,088		890
Less: Preferred stock dividends		840		865		865
Discount accretion (1)		360		279		260
Add: Redemption of preferred stock		96		-		-
Net income (loss) available to common shareholders (1)	$	2,758		944		(235	)
Denominator:
Weighted-average common shares outstanding - basic		4,229,928		4,200,980		4,178,703
Common stock equivalents		110,030		85,438		-
Weighted-average common shares outstanding - diluted		4,339,958		4,286,418		4,178,703
Earnings (loss) per common share (1):
Basic	$	0.65		0.22		(0.06	)
Diluted	$	0.64		0.22		(0.06	)

(1) Amounts for 2010 have been restated for a correction of an error. See Note 1 to the consolidated financial statements.

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Warrants and Stock Options and Grant Plans (Details 1) (Nonvested restricted stock [Member], USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Nonvested restricted stock [Member]
Summary of the status of the Company's nonvested restricted stock and changes
Restricted Shares Nonvested at beginning of year	3,025		833
Restricted Shares Granted	25,850	3,025
Restricted Shares Vested	(756)		(833)
Restricted Shares Forfeited
Restricted Shares Nonvested at end of year	28,119	3,025
Weighted Average Grant-Date Fair Value Nonvested at beginning of year	$ 6.53		$ 16.25
Weighted Average Grant-Date Fair Value Granted	$ 6.78	$ 6.53
Weighted Average Grant-Date Fair Value Vested	$ 6.53		$ 16.25
Weighted Average Grant-Date Fair Value Forfeited
Weighted Average Grant-Date Fair Value Nonvested at end of year	$ 6.76	$ 6.53