First State Bank of the South, Inc.

Headquarters

5856 Highway 278
Sulligent, AL 35586
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.05% →
1-Year CD 0.25% 0.95% →
2-Year CD 0.30% 1.05% →
5-Year CD 0.65% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First State Bank of the South, Inc. is an FDIC insured institution located in Sulligent, AL. It was founded in 1973 and has approximately $0.11 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 21050
Date Established 1973
Assets $ 106.41 million
Loans $ 42.77 million
Deposits $ 87.80 million
Capital $ 16.83 million
 

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.

Deposit Rates - September 25, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.30% $100,000 $199,999 Learn More
60 Mo CD
0.65% $10,000 $14,999 Learn More
60 Mo CD
0.65% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 25, 2020

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:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

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
4% 6.94%

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, 2020, First State Bank of the South, Inc. had $496,000 in non-current loans and $194,000 in owned real estate. To cover these potential losses it had $16,826,000 in equity and $434,000 in loans loss reserves. That gives it a Texas Ratio of 4%.

Return on Equity
First State Bank of the South, Inc. U.S. Bank Average
4.9% 7.80%

First State Bank of the South, Inc. has a Return on Equity of 4.9% versus the BestCashCow average of 7.80%. 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
15.81% 12.68%

First State Bank of the South, Inc. has a Capitalization of 15.81% versus the BestCashCow average of 12.68. 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, 2020, First State Bank of the South, Inc. had assets of $106,412,000, loans of $42,766,000, and deposits of $87,801,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 6.05 million
Interest-bearing balances $ 3.43 million
Total securities $ 42.84 million
Federal funds sold and reverse repurchase $ 5.62 million
Net loans and leases $ 42.77 million
Loan loss allowance $ 0.43 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.19 million
Goodwill and other intangibles N.A.
All other assets $ 4.57 million
     Total Assets $ 89.59 million
LIABILITIES
Total deposits $ 87.80 million
      Interest-bearing deposits $ 64.47 million
      Deposits held in domestic offices $ 87.80 million
      % insured (estimated) 82.98%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.79 million
      Total Liabilities $ 89.59 million
      Shareholders’ Equity $ 16.83 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.07 million
Total Interest Expense $ 0.16 million
Net interest income $ 0.91 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.20 million
Total non interest expense $ 0.83 million
Pre-tax Net Operating Income $ 0.25 million

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 Real Estate, and Commercial and Industrial Loans.

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 40.10
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 5.60
Small Business Loans 0.00
Construction and Development Loans 5.93
Commercial Real Estate 22.55
Commercial and Industrial Loans 10.22
Farm Loans 0.25

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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