UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~Washington~~WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~Pursuant~~Date toof ~~Section 13~~report ~~or 15~~(d)Date of ~~the~~earliest ~~Securities~~event ~~Exchange~~reported): ~~Act~~September 9, ~~of 1934~~2003

~~Date~~SOUTHFIRST ~~of Report (Date of earliest event reported) January 24~~BANCSHARES, ~~2003~~INC.

~~SouthFirst Bancshares, Inc.~~ (Exact ~~name~~Name of ~~registrant~~Registrant as ~~specified~~Specified in ~~its charter~~Charter)

Delaware		1-13640		63-1121255
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)


DELAWARE (State of Incorporation)		1-13640 (Commission File Number)		63-1121255 (I.R.S. Employer Identification No.)

126 North Norton Avenue, Sylacauga, Alabama			35150
(Address of principal executive offices)			(Zip Code)
Registrant’s telephone number, including area code			(256) 245-4365

126 North Norton Avenue, Sylacauga, Alabama 35150
(Address of Principal Executive Offices / Zip Code)

~~Not applicable~~(205) 245-4365 (~~Former~~Registrant’s ~~name~~telephone ~~or former address~~number, ifincluding ~~changed~~area ~~since last report~~code)

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~~SIGNATURES~~Exhibit ~~EXHIBIT~~Page ~~INDEX~~PRESS ~~Press~~RELEASE ~~Release,~~DATED ~~dated January 24, 2003~~9/9/03

~~ITEM~~Item 52. ~~OTHER~~ ~~EVENTS~~Acquisition or Disposition of Assets.

OnThe ~~January 24,~~Registrant ~~2003,~~has ~~SouthFirst~~received ~~Bancshares,~~regulatory ~~Inc.~~approval ~~(the~~for ~~“Company”) issued a press release (~~the ~~“Press~~sale ~~Release”), announcing that the Board~~ of ~~Directors~~its ofCenterville ~~the~~office ~~Company~~to ~~had~~First ~~approved~~Financial aBank ~~stock~~headquartered ~~repurchase~~in ~~program~~Bessemer, ~~authorizing~~Alabama. ~~the~~The transaction ~~Company~~was ~~to repurchase~~completed uppursuant to ~~77,000~~asset ~~shares,~~purchase oragreement ~~approximately~~and ~~ten~~included ~~percent~~the sale ~~(10%),~~ of ~~its outstanding~~approximately ~~common stock~~$8.3 million ~~For~~of ~~further~~deposits ~~information~~at ~~regarding~~a ~~this~~slight ~~stock repurchase program~~premium, ~~reference~~as iswell ~~made to~~ as the ~~Press~~sale ~~Release,~~of ~~which~~approximately is$5.6 million ~~attached hereto~~in ascommercial, ~~Exhibit 99.1~~mortgage, and ~~is incorporated herein by reference~~consumer loans.

(a) Exhibits.

99.1 Press Release issued by SouthFirst Bancshares, Inc., dated September 9, 2003.

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	SOUTHFIRST BANCSHARES, INC.



Dated: September 24, 2003	By:	/s/ Joe K. McArthur Chief Executive Officer

~~ITEM~~Exhibit ~~7. FINANCIAL STATEMENTS AND EXHIBITS.~~Page


Exhibit No.		Description of Exhibit

99.1		Press Release issued by SouthFirst Bancshares, Inc., dated September 9, 2003.

Exhibit No.		Description
99.1		Press Release issued by SouthFirst Bancshares, Inc., dated January 24, 2003

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

SouthFirst Bancshares, Inc. By: /s/ Joe K. McArthur Joe K. McArthur Chief Executive Officer

Dated: January 24, 2003

EXHIBIT INDEX

Exhibit No.		Description of Exhibit
99.1		Press Release issued by SouthFirst Bancshares, Inc., dated January 24, 2003

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