First Southern Bank

Florence, AL
IDRSSD: 66275
Total Assets
$677.56M
Latest filing
Total Deposits
$568.00M
Latest filing
Net Interest Margin
3.83%
Profitability

Locations

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Main Office
First Southern Bank
201 S Court Street
Florence, AL 35630
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/01/1934FDIC Certificate 42166

Branches (9)

Page 1 of 2
NameAddressCity / State
First Southern Bank (Main)201 S Court StreetFlorence, AL
KILLEN BRANCH1455 Highway 72Killen, AL
MUSCLE SHOALS BRANCH1027 Avalon AveMuscle Shoals, AL
ST. FLORIAN BRANCH4350 County Road 47Florence, AL
BOAZ BRANCH1720 Us Highway 431Boaz, AL
TEXARKANA BRANCH3809 East 9th StreetTexarkana, AR
NEW ALBANY BRANCH805 E Bankhead StNew Albany, MS
MOULTON BRANCH11809 Alabama Highway 157Moulton, AL
Showing 7 of 9

Quarterly Trends

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Total Assets vs Total Liabilities

Loans & Leases vs Deposits

Interest Income vs Expense

Net Interest Income

Noninterest Expense vs Income

Net Income

Institution Profile

Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date01/01/1934
Community BankYes
Ownership TypeNot Mutual
ZIP35630
State and County Number01077
Subchapter S CorporationsNo
Trust PowersLimited Trust Powers Granted
Federal Reserve ID Number06
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictAtlanta
Core Based Statistical Area NameFlorence-Muscle Shoals, AL

Operational Info

Number of Employees103
Domestic Offices10
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date06/06/2023
Date of Deposit Insurance08/09/1989
Primary Insurance AgencyDIF
Websitewww.firstsouthern.com
Data Updated11/14/2025
CERT29332
Office of The Comptroller District:
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$677.56M
Total Deposits$568.00M
Total Liabilities$610.73M
Total Equity Capital$66.83M
Net Income$143.00k
Net Loans and Leases$511.26M
Assets Per Employee ($Millions)$6.58M
Bank Premises and Fixed Assets$7.46M
Cash and Balances due from Depository Institutions$106.32M
Deposits Held in Domestic Offices$568.00M

Key Performance Ratios

Return on Assets (ROA)0.09%
Return on Equity (ROE)0.86%
Net Interest Margin3.83%
Efficiency Ratio58.88%
Tier 1 Risk-Based Capital Ratio0%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets1.5%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets9.864%
Earning Assets to total Assets95.61%

Income and Expense

Total Interest Income$10.29M
Total Noninterest Income$453.00k
Total Interest Expense$4.22M
Total Noninterest Expense$3.84M
Net Interest Income$6.07M
Pre-tax Net Operating Income$182.00k
Provision for Credit Losses$2.50M
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$418.00k
Other borrowed funds$40.00M
Federal Funds Sold & Reverse Repurchase Agreement$0
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$2.73M
Total Liabilities and Capital$677.56M

Securities

Securities$39.67M
Available-for-sale debt securities$39.59M
Equity securities with readily determinable fair values not held for trading$0
Held-to-maturity securities$0
Subordinated Debt$0
Trading Account Assets$0
Trading Liabilities$0

Frequently Asked Questions

What are the total assets of First Southern Bank?
$677.56M as of the latest filing.
How much are First Southern Bank's total deposits?
$568.00M in total deposits.
Where is First Southern Bank located?
Florence, AL.
What is the Net Interest Margin?
3.83%.
How many domestic offices does it operate?
10.
When was it established?
01/01/1934.
What is the Return on Assets (ROA)?
0.09%.
How much are total loans and leases?
$511.26M (latest filing).
What is the total interest income (latest filing)?
$10.29M.