First South Bank


1311 Carolina Avenue
Washington, NC 27889
See all branch locations →

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

First South Bank is an FDIC insured institution located in Washington, NC. It was founded in 1902 and has approximately $1.07 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 31084
Date Established 1902
Assets $ 1,060.15 million
Loans $ 774.97 million
Deposits $ 948.07 million
Capital $ 103.15 million

For a more detailed analysis of First South Bank'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: California, CA 92111


Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for First South Bank

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

Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.475% 3.375%
0.75 points
$3,125 fees
$1,106 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
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 First South Bank
To upload and update your bank's rates please register. It is free to register and add rates.


First South Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
San Diego,California

First South Bank Locations

Financial Details

First South Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First South Bank. 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
First South Bank U.S. Bank Average
3.98% 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, First South Bank had $2,305,000 in non-current loans and $2,184,000 in owned real estate. To cover these potential losses it had $103,154,000 in equity and $9,562,000 in loans loss reserves. That gives it a Texas Ratio of 3.98%.

Return on Equity
First South Bank U.S. Bank Average
8.55% 11.43%

First South Bank has a Return on Equity of 8.55% 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.

First South Bank U.S. Bank Average
9.73% 11.51%

First South Bank has a Capitalization of 9.73% 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.

First South Bank Balance Sheet Analysis

As of September 30, 2017, First South Bank had assets of $1,072,851,000, loans of $774,966,000, and deposits of $948,065,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 774.97 million
Loan loss allowance $ 9.56 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.18 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 948.07 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 1,060.15 million

Summary Income Statement

March 31, 2021
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First South Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in North Carolina, First South Bank has a significantly higher percent of Small Business Loans, Farm 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 26.27
Credit Card Loans 0.00
Consumer Auto Loans 0.25
Small Business Loans 18.72
Construction and Development Loans 12.43
Commercial Real Estate 42.29
Commercial and Industrial Loans 7.45
Farm Loans 2.79

Frequently Asked Questions About First South Bank

Branches and Savings

Is First South Bank FDIC insured?

Yes. It is covered under FDIC Certificate #31084.

Why does First South Bank pay such low interest on savings accounts?

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

Why are First South Bank CD rates not competitive?

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

Is First South Bank a commercial bank?


Where are First South Bank locations?

See branch locations nearby.

Is First South Bank open on Saturdays?

Is First South Bank open on Sundays?

What time does First South Bank open?

What time does First South Bank close?

Are First South Bank ATMs Open 24/7?

Do First South Bank ATMs accept cash deposits?

Can First South Bank customers use other ATMs?

Do First South Bank branches have notaries?

Will First South Bank notarize my document?

What address for First South Bank should I put for incoming ACH transfers?

Will the First South Bank branch print checks?

Do First South Bank checks expire?

Does First South Bank require US citizenship to open account?

Can First South Bank close my account?

Does First South Bank Report to credit bureaus?

Does First South Bank Use Equifax?

What is First South Bank's ACH Routing Number?

What is First South Bank's SWIFT code?


Does First South Bank offer mortgages?

Compare mortgage rates here.

Does First South Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First South Bank offer personal loans?

Compare personal loan rates here.

Does First South Bank offer student loans?

Will First South Bank cash a check?

Will First South Bank redeem a savings bond?

Does First South Bank cash savings bonds?

Will First South Bank cash money orders?

Can First South Bank issue a money order?

Does First South Bank do currency exchange?

Background on The Bank

Who owns First South Bank?

How long has First South Bank been around?

Can First South Bank transfer to other banks?

Does First South Bank have quick pay?

Does First South Bank accept rolled coins?

Will First South Bank accept loose change?

Where is First South Bank headquarters?

Customer Reviews for First South Bank

There are currently no comments for First South Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →