3251 Ross Clark Circle
Dothan, AL 36303
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

BankSouth is an FDIC insured institution located in Dothan, AL. It was founded in 1928 and has approximately $0.2 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 77
Date Established 1928
Assets $ 203.07 million
Loans $ 122.35 million
Deposits $ 164.65 million
Capital $ 38.07 million

For a more detailed analysis of BankSouth's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

Bank Offers

CIBC Lowers Its Online Savings Rate to 1.35% APY
May 27, 2020

CIBC has lowered the online savings rate offered at its US subsidiary to 1.35% APY.   With some analysts suggesting that a major Canadian bank could be in trouble as a result of the collapse in oil prices, it seems like an important time to maintain your deposits within FDIC limits with this bank.

CIBC Lowers Its Agility Savings Rate to 0.80% APY
Sep 1, 2020

CIBC has lowered its online savings rate from 0.90% APY to 0.80% APY.

CIBC Agility Savings is Lowered from 0.70% to 0.62% APY
Nov 2, 2020

CIBC Agility Savings is Lowered from 0.62% to 0.52% APY
Dec 10, 2020

CIBC, the Canadian bank that is trying to compete in the US online market, has dropped its online savings rate from 0.62% to 0.52%.

They have also dropped their 12-month CD rate to 0.50%.


Loan Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for BankSouth

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to BankSouth
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BankSouth Locations

Financial Details

BankSouth Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankSouth. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
BankSouth U.S. Bank Average
0.04% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, BankSouth had $18,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $38,074,000 in equity and $2,788,000 in loans loss reserves. That gives it a Texas Ratio of 0.04%.

Return on Equity
BankSouth U.S. Bank Average
4.21% 11.43%

BankSouth has a Return on Equity of 4.21% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

BankSouth U.S. Bank Average
18.75% 11.51%

BankSouth has a Capitalization of 18.75% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

BankSouth Balance Sheet Analysis

As of March 31, 2021, BankSouth had assets of $203,072,000, loans of $122,354,000, and deposits of $164,651,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
Cash & Balances due from depository institutions $ 13.79 million
Interest-bearing balances $ 3.33 million
Total securities $ 64.66 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 122.35 million
Loan loss allowance $ 2.79 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.05 million
     Total Assets $ 165.00 million
Total deposits $ 164.65 million
      Interest-bearing deposits $ 138.31 million
      Deposits held in domestic offices $ 164.65 million
      % insured (estimated) 62.49%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.35 million
      Total Liabilities $ 165.00 million
      Shareholders’ Equity $ 38.07 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 1.46 million
Total Interest Expense $ 0.15 million
Net interest income $ 1.31 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.02 million
Total non interest expense $ 0.90 million
Pre-tax Net Operating Income $ 0.44 million

Bank Loan Profile?

The top three loan types in BankSouth’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Alabama, BankSouth has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 54.19
Credit Card Loans 0.00
Consumer Auto Loans 0.66
Small Business Loans 0.00
Construction and Development Loans 1.16
Commercial Real Estate 33.95
Commercial and Industrial Loans 10.27
Farm Loans 0.00

Frequently Asked Questions About Banksouth

Branches and Savings

Is Banksouth FDIC insured?

Yes. It is covered under FDIC Certificate #77.

Why does Banksouth pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Banksouth CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Banksouth a commercial bank?


Where are Banksouth locations?

See branch locations nearby.

Is Banksouth open on Saturdays?

Is Banksouth open on Sundays?

What time does Banksouth open?

What time does Banksouth close?

Are Banksouth ATMs Open 24/7?

Do Banksouth ATMs accept cash deposits?

Can Banksouth customers use other ATMs?

Do Banksouth branches have notaries?

Will Banksouth notarize my document?

What address for Banksouth should I put for incoming ACH transfers?

Will the Banksouth branch print checks?

Do Banksouth checks expire?

Does Banksouth require US citizenship to open account?

Can Banksouth close my account?

Does Banksouth Report to credit bureaus?

Does Banksouth Use Equifax?

What is Banksouth's ACH Routing Number?

What is Banksouth's SWIFT code?


Does Banksouth offer mortgages?

Compare mortgage rates here.

Does Banksouth offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Banksouth offer personal loans?

Compare personal loan rates here.

Does Banksouth offer student loans?

Will Banksouth cash a check?

Will Banksouth redeem a savings bond?

Does Banksouth cash savings bonds?

Will Banksouth cash money orders?

Can Banksouth issue a money order?

Does Banksouth do currency exchange?

Background on The Bank

Who owns Banksouth?

How long has Banksouth been around?

Can Banksouth transfer to other banks?

Does Banksouth have quick pay?

Does Banksouth accept rolled coins?

Will Banksouth accept loose change?

Where is Banksouth headquarters?

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