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This document is the Annual Report of Southern First Bancshares, Inc. for the fiscal year ending December 31, 2016. It provides a comprehensive overview of the company\'s financial performance, including
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01
Gather company information including name, industry, and fiscal year-end.
02
Prepare the business overview, including mission, products, and services.
03
Compile financial statements: balance sheet, income statement, and cash flow statement.
04
Include Management's Discussion and Analysis (MD&A) of the financial results.
05
Detail the corporate governance structure and executive compensation.
06
Disclose any legal proceedings and risk factors facing the company.
07
Prepare the notes to the financial statements with additional context.
08
Include the auditor’s report, if applicable.
09
Review everything for accuracy and completeness before submission.
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Submit the completed Form 10-K to the SEC by the due date.

Who needs form 10-k?

01
Publicly traded companies in the United States are required to file Form 10-K annually.
02
Investors and potential investors look for Form 10-K to assess the company's performance.
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Regulatory bodies, such as the SEC, need it for compliance and oversight.
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Financial analysts use Form 10-K for research and analysis of the company's financial health.
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Creditors may need it to evaluate the creditworthiness of the company.
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Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC) that gives a comprehensive summary of a company's financial performance.
Publicly traded companies in the United States are required to file Form 10-K.
To fill out Form 10-K, companies must provide detailed financial statements, management discussions, risk factors, and other relevant information as outlined in SEC regulations.
The purpose of Form 10-K is to provide investors and the SEC with crucial information about a company’s financial performance and operational results.
Form 10-K must include financial statements, an overview of the business, risk factors, management's discussion and analysis (MD&A), and information about executives and corporate governance.
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