UNITED STATESSECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment No. 1) [x] Annual Report Pursuant To Section 13 Or 15(d) of The Securities
                        Exchange Act Of 1934 For The Fiscal Year December 31, 2009. 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 registeredCommon 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 o 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 o 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.
                                     Yes x No o 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).
                                     Yes o No o 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 o  Accelerated filer o  Non-accelerated filer o  Smaller Reporting Company x Indicate by check mark whether the registrant is a shell company (as
                     defined in Rule 12b-2 of the Exchange Act).
                                     Yes o No x The aggregate market value of the voting common stock held by
                     non-affiliates of the registrant (computed by reference to the price
                     at which the common stock was recently sold) was $17,927,071 as of
                     the last business day of the registrant's most recently completed
                     second fiscal quarter. 3,104,381 shares of the registrant's common stock were outstanding as of March 1, 2010 DOCUMENTS INCORPORATED BY REFERENCE Proxy Statement for the Annual Meeting of Shareholders     Part III
                     (Portions of Items 10-14)
                     to be held on May 18, 2010.


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EXPLANATORY NOTE This Annual Report on Form 10-K/A (Form 10-K/A) is being filed as
                     Amendment No. 1 to the Registrant's Annual Report on Form 10-K (Form
                     10-K) for the fiscal year ended December 31, 2009 filed with the Securities and Exchange Commission on March 2, 2010. This amendment is being filed to correct an inadvertent
                     typographical error in Exhibits 23, 31.1, 31.2, and 32, which
                     incorrectly referred to the prior fiscal year. In addition, Exhibits
                     99.1 and 99.2 were inadvertently omitted from the original filing. Pursuant to Rule 12b-15 promulgated under the Securities Exchange Act
                     of 1934, as amended, filed with this Amendment are Exhibits 23, 31.1,
                     31.2, and 32 with the corrected dates.  In addition, Exhibits 99.1
                     and 99.2 have been added to this Amendment. This Amendment does not
                     affect any other parts of, or exhibits to the Form 10-K, and those
                     unaffected parts or exhibits are not included in this Amendment.
                     Except as expressly stated in this Amendment, the Form 10-K continues
                     to speak as of the date of the original filing of the Form 10-K, and
                     we have not updated the disclosure contained in the Amendment to
                     reflect events that have occurred since the filing of the Form 10-K. 
                     Accordingly, this Amendment must be read in conjunction with our
                     other filings, if any, made with the Securities and Exchange
                     Commission subsequent to the filing of the Form 10-K, including
                     amendments to those filings, if any. PART IV Item 15. Exhibits, Financial Statement Schedules  (a)(3)
                           
                           
                           ExhibitsThe following exhibits are required to be filed with this Report on
                              Form 10-K by Item 601 of Regulation S-K.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
                           
                           
                           Lease Agreement between Greenville First Bank and Halton Properties,
                              LLC, formerly Cothran Properties, LLC (incorporated by reference to
                              Exhibit 10.2 of the Company's Form 10-KSB filed on March 28, 2000).10.2
                           
                           
                           Data Processing Services Agreement dated June 28, 1999 between Greenville First Bancshares and the Intercept Group
                              (incorporated by reference to Exhibit 10.3 of the Company's
                              Registration Statement on Form SB-2, File No. 333-83851).10.3
                           
                           
                           Form of Stock Warrant Agreement (incorporated by reference to Exhibit
                              10.4 of the Company's Registration Statement on Form SB-2, File No.
                              333-83851).*
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10.4
                        
                        
                        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).*10.5
                        
                        
                        Sublease Agreement between Greenville First Bank, N.A. and Augusta
                           Road Holdings, LLC dated February26, 2004 (incorporated by reference
                           to Exhibit 10.6 of the Company's Form 10-QSB for the period ended June 30, 2004).10.6
                        
                        
                        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).10.7
                        
                        
                        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).10.8
                        
                        
                        Loan Agreement by and between Southern First Bancshares, Inc. and The
                           Bankers Bank, National Association, dated December 28, 2007 (incorporated by reference to Exhibit 10.1 to the Company's Form 8-K filed January 4, 2008).*10.9
                        
                        
                        Stock Pledge Agreement by and between Southern First Bancshares, Inc.
                           and The Bankers Bank, National Association, dated December 28, 2007 (incorporated by reference to Exhibit 10.2 to the Company's Form 8-K filed January 4, 2008).*10.10
                        
                        
                        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).*10.11
                        
                        
                        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).*10.12
                        
                        
                        Employment Agreement by and between Southern First Bancshares, Inc.
                           with James M. Austin, III dated December 17, 2008 (incorporated by reference to Exhibit 10.5 of the Company's Form 8-K filed December 23, 2008).*10.13
                        
                        
                        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).*10.14
                        
                        
                        Employment Agreement by and between Southern First Bancshares, Inc.
                           with J. Edward Terrell dated December 17, 2008 (incorporated by reference to Exhibit 10.7 of the Company's Form 8-K filed December 23, 2008).*10.15
                        
                        
                        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).*10.16
                        
                        
                        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).*10.17
                        
                        
                        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).*10.18
                        
                        
                        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).*
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10.19
                        
                        
                        Warrant with The United States Department of Treasury to Purchase up
                           to 330,554 shares of Common Stock (incorporated by reference to
                           Exhibit 4.1 of the Company's Form 8-K filed March 3, 2009).*10.20
                        
                        
                        Letter Agreement, dated February 27, 2009, including Securities Purchase Agreement  Standard Terms
                           incorporated by reference therein, between the Company and the United
                           States Department of the Treasury (incorporated by reference to
                           Exhibit 10.1 of the Company's Form 8-K filed March 3, 2009).*10.21
                        
                        
                        ARRA Side Letter Agreement, dated February 27, 2009, between the Company and the United States Department of the
                           Treasury (incorporated by reference to Exhibit 10.2 of the Company's
                           Form 8-K filed March 3, 2009).*10.22
                        
                        
                        Form of Waiver, executed by each of Messrs. James M. Austin, III,
                           Fred Gilmer, III, R. Arthur Seaver, Jr., F. Justin Strickland, and J.
                           Edward Terrell (incorporated by reference to Exhibit 10.3 of the
                           Company's Form 8-K filed March 3, 2009).*10.23
                        
                        
                        Form of Letter Amendment, executed by each of Messrs. James M.
                           Austin, III, Fred Gilmer, III, R. Arthur Seaver, Jr., F. Justin
                           Strickland, and J. Edward Terrell with the Company (incorporated by
                           reference to Exhibit 10.4 of the Company's Form 8-K filed March 3, 2009).*10.24
                        
                        
                        Amended and Restated Loan Agreement with Silverton Bank, N.A., dated April 30, 2009, (incorporated by reference to Exhibit 10.1 of the Company's Form 10-Q filed May 7, 2010).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 2, 2010).31.1
                        
                        
                        Rule 13a-14(a) Certification of the Chief Executive Officer.31.2
                        
                        
                        Rule 13a-14(a) Certification of the Chief Financial Officer.32
                        
                        
                        Section 1350 Certifications.99.1
                        
                        
                        Certification of the Chief Executive Officer Pursuant to
                           Section111(b)(4)of the Emergency Economic Stabilization Act of 2008.99.2
                        
                        
                        Certification of the Chief Financial Officer Pursuant to
                           Section111(b)(4)of the Emergency Economic Stabilization Act of 2008.    *
                           
                           
                           Management contract or compensatory plan or arrangement required to
                              be filed as an Exhibit to our Annual Report on Form 10-K.**
                           
                           
                           Previously filed as an exhibit to our Annual Report on Form 10-K filed March 2, 2010.
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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 9, 2010
                           
                           
                           By:
                           
                           
                           /s/R. Arthur Seaver, Jr.Chief Executive Officer
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