First State Bank of the South, Inc.

5856 Highway 278
Sulligent, AL 35586

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 21050
Date Established 1973
Assets $0.10 billion
Loans $0.04 billion
Deposits $0.09 billion
Capital $0.02 billion

First State Bank of the South, Inc. is an FDIC insured institution located in Sulligent, AL. It was founded in 1973 and has approximately $0.1 billion in assets. Customers can open an account at one of its 5 branches.

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

Bank Loan Profile?

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

Compared to other banks in Alabama, First State Bank of the South, Inc. has a significantly higher percent of Consumer Auto 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.71
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 8.17
Small Business Loans 0.00
Construction and Development Loans 4.07
Commercial Real Estate 13.35
Commercial and Industrial Loans 15.27
Farm Loans 0.03

Deposit Rates - July 18, 2018

Your Current Location: Virginia, VA 20146

There are currently no rates available for First State Bank Of The South, Inc., but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - July 18, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First State Bank of the South, Inc.

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

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Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More
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Note to First State Bank of the South, Inc.
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Branches

First State Bank of the South, Inc. 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:
Ashburn,Virginia


First State Bank of the South, Inc. Locations

Financial Details

First State Bank of the South, Inc. Ratio Analysis

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

Texas Ratio
First State Bank of the South, Inc. U.S. Bank Average
1.73% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, First State Bank of the South, Inc. had $159,000 in non-current loans and $112,000 in owned real estate. To cover these potential losses it had $15,296,000 in equity and $354,000 in loans loss reserves. That gives it a Texas Ratio of 1.73%.

Return on Equity
First State Bank of the South, Inc. U.S. Bank Average
4.74% 9.35%

First State Bank of the South, Inc. has a Return on Equity of 4.74% versus the BestCashCow average of 9.35%. 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.

Capitalization
First State Bank of the South, Inc. U.S. Bank Average
14.7% 12.01%

First State Bank of the South, Inc. has a Capitalization of 14.7% versus the BestCashCow average of 12.01. 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 State Bank of the South, Inc. Balance Sheet Analysis

As of March 31, 2018, First State Bank of the South, Inc. had assets of $104,052,000, loans of $37,600,000, and deposits of $87,101,000. 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

ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.04 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 $0.00 billion
     Total Assets $0.09 billion
LIABILITIES
Total deposits $0.09 billion
      Interest-bearing deposits $0.06 billion
      Deposits held in domestic offices $0.09 billion
      % insured (estimated) 84.26%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.09 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 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

Frequently Asked Questions About First State Bank Of The South, Inc.

Branches and Savings

Is First State Bank Of The South, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #21050.

Why does First State Bank Of The South, Inc. pay such low interest on savings accounts?

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

Why are First State Bank Of The South, Inc. CD rates not competitive?

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

Is First State Bank Of The South, Inc. a commercial bank?

Yes

Where are First State Bank Of The South, Inc. locations?

See branch locations nearby.

Is First State Bank Of The South, Inc. open on Saturdays?

Is First State Bank Of The South, Inc. open on Sundays?

What time does First State Bank Of The South, Inc. open?

What time does First State Bank Of The South, Inc. close?

Are First State Bank Of The South, Inc. ATMs Open 24/7?

Do First State Bank Of The South, Inc. ATMs accept cash deposits?

Can First State Bank Of The South, Inc. customers use other ATMs?

Do First State Bank Of The South, Inc. branches have notaries?

Will First State Bank Of The South, Inc. notarize my document?

What address for First State Bank Of The South, Inc. should I put for incoming ACH transfers?

Will the First State Bank Of The South, Inc. branch print checks?

Do First State Bank Of The South, Inc. checks expire?

Does First State Bank Of The South, Inc. require US citizenship to open account?

Can First State Bank Of The South, Inc. close my account?

Does First State Bank Of The South, Inc. Report to credit bureaus?

Does First State Bank Of The South, Inc. Use Equifax?

What is First State Bank Of The South, Inc.'s ACH Routing Number?

What is First State Bank Of The South, Inc.'s SWIFT code?

Products

Does First State Bank Of The South, Inc. offer mortgages?

Compare mortgage rates here.

Does First State Bank Of The South, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First State Bank Of The South, Inc. offer personal loans?

Compare personal loan rates here.

Does First State Bank Of The South, Inc. offer student loans?

Will First State Bank Of The South, Inc. cash a check?

Will First State Bank Of The South, Inc. redeem a savings bond?

Does First State Bank Of The South, Inc. cash savings bonds?

Will First State Bank Of The South, Inc. cash money orders?

Can First State Bank Of The South, Inc. issue a money order?

Does First State Bank Of The South, Inc. do currency exchange?

Background on The Bank

Who owns First State Bank Of The South, Inc.?

How long has First State Bank Of The South, Inc. been around?

Can First State Bank Of The South, Inc. transfer to other banks?

Does First State Bank Of The South, Inc. have quick pay?

Does First State Bank Of The South, Inc. accept rolled coins?

Will First State Bank Of The South, Inc. accept loose change?

Where is First State Bank Of The South, Inc. headquarters?

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