First Southern Bank

301 South Court Street
Florence, AL 35630

Notable Rates APY Vs.Others
Savings 0.15% 2.20% →
1-Year CD 1.02% 2.20% →
2-Year CD 1.21% 2.20% →
5-Year CD 1.75% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

First Southern Bank is an FDIC insured institution located in Florence, AL. It was founded in 1934 and has approximately $0.27 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 29332
Date Established 1934
Assets $0.27 billion
Loans $0.21 billion
Deposits $0.23 billion
Capital $0.03 billion

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

Deposit Rates - February 25, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $500 $49,999 Learn MoreShow Less
3 Mo CD
0.28% $1,000 - Learn MoreShow Less
6 Mo CD
0.78% $1,000 - Learn MoreShow Less
Special: 10 Mo CD
1.30% $5,000 - Learn MoreShow Less
12 Mo CD
1.02% $1,000 - Learn MoreShow Less
18 Mo CD
1.50% $1,000 - Learn MoreShow Less
24 Mo CD
1.21% $1,000 - Learn MoreShow Less
36 Mo CD
1.65% $1,000 - Learn MoreShow Less
48 Mo CD
1.75% $5,000 - Learn MoreShow Less
60 Mo CD
1.75% $1,000 - Learn MoreShow Less

Fixed IRA
1.02% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.15% $1 $2,499 Learn MoreShow Less
Int Ckg
0.25% $2,500 - Learn MoreShow Less

Loan Rates - February 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Southern Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.159% 3.125% 0.38 $1,085 $1,071 Learn More
Rocket Mortgage
NMLS ID: 3030
4.793% 4.750% 0.00 $1,250 $1,305 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Eastern Bank
Eastern Bank
4.250 %
$25,000 Learn More
More Info
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

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

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First Southern Bank Locations

Financial Details

First Southern Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Southern 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 Southern Bank U.S. Bank Average
1.41% 6.70%

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 September 30, 2019, First Southern Bank had $108,000 in non-current loans and $296,000 in owned real estate. To cover these potential losses it had $25,607,000 in equity and $3,000,000 in loans loss reserves. That gives it a Texas Ratio of 1.41%.

Return on Equity
First Southern Bank U.S. Bank Average
11.07% 9.72%

First Southern Bank has a Return on Equity of 11.07% versus the BestCashCow average of 9.72%. 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 Southern Bank U.S. Bank Average
9.63% 12.89%

First Southern Bank has a Capitalization of 9.63% versus the BestCashCow average of 12.89. 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 Southern Bank Balance Sheet Analysis

As of September 30, 2019, First Southern Bank had assets of $265,858,000, loans of $207,475,000, and deposits of $231,982,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.21 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.24 billion
Total deposits $0.23 billion
      Interest-bearing deposits $0.20 billion
      Deposits held in domestic offices $0.23 billion
      % insured (estimated) 76.20%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.24 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks, First Southern Bank’s loan portfolio does not show any specific loan specialty.

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 36.28
Credit Card Loans 0.00
Consumer Auto Loans 0.92
Small Business Loans 0.00
Construction and Development Loans 8.23
Commercial Real Estate 21.04
Commercial and Industrial Loans 15.54
Farm Loans 6.05

Frequently Asked Questions About First Southern Bank

Branches and Savings

Is First Southern Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29332.

Why does First Southern 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 Southern Bank CD rates not competitive?

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

Is First Southern Bank a commercial bank?


Where are First Southern Bank locations?

See branch locations nearby.

Is First Southern Bank open on Saturdays?

Is First Southern Bank open on Sundays?

What time does First Southern Bank open?

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Are First Southern Bank ATMs Open 24/7?

Do First Southern Bank ATMs accept cash deposits?

Can First Southern Bank customers use other ATMs?

Do First Southern Bank branches have notaries?

Will First Southern Bank notarize my document?

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

Will the First Southern Bank branch print checks?

Do First Southern Bank checks expire?

Does First Southern Bank require US citizenship to open account?

Can First Southern Bank close my account?

Does First Southern Bank Report to credit bureaus?

Does First Southern Bank Use Equifax?

What is First Southern Bank's ACH Routing Number?

What is First Southern Bank's SWIFT code?


Does First Southern Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Southern Bank offer personal loans?

Compare personal loan rates here.

Does First Southern Bank offer student loans?

Will First Southern Bank cash a check?

Will First Southern Bank redeem a savings bond?

Does First Southern Bank cash savings bonds?

Will First Southern Bank cash money orders?

Can First Southern Bank issue a money order?

Does First Southern Bank do currency exchange?

Background on The Bank

Who owns First Southern Bank?

How long has First Southern Bank been around?

Can First Southern Bank transfer to other banks?

Does First Southern Bank have quick pay?

Does First Southern Bank accept rolled coins?

Will First Southern Bank accept loose change?

Where is First Southern Bank headquarters?

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