First Bank of the South

First Bank of the South is headquartered in Rainsville and is the 112^st largest bank in the state of Alabama. It is also the 5,399^th largest bank in the nation. It was established in 1983 and as of March of 2012, it had grown to 32 employees at 3 locations. First Bank of the South has a 3-star health rating.

First Bank of the South Routing Number: 062203337

Data for Q1 2012

Institution Statistics First Bank of the South FDIC Certificate # 24307 BankRate Report View Year Established 1983 Employees 32 Primary Regulator FDIC Assets and Liabilities Assets $83.07 million Loans $50.53 million Deposits $75.28 million Equity Capital $6.80 million Loan Loss Allowance $510,000 Unbacked Noncurrent Loans $747,000 Real Estate Owned $616,000 Historic Data - March 2011 Assets $83.43 million Equity Capital $6.15 million Loan Loss Allowance $577,000 Unbacked Noncurrent Loans $466,000 Real Estate Owned $1.34 million Profit Margin - Quarterly Net Interest Margin 4.39% Return on Assets 0.27% Return on Equity 3.38% Interest Income $878,000

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Bank of the South had $1.36 million in non-current loans and owned real-estate with $7.31 million in equity and loan loss allowances on hand to cover it. This gives First Bank of the South a Texas Ratio of 18.65% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Bank of the South decreased significantly from 33.47% as of March 31, 2011 to 18.65% as of March 31, 2012, resulting in a positive change of 44.27%.This indicates that the balance sheet and financial strength for First Bank of the South has improved significantly in recent periods. Deposit Growth In the past year, First Bank of the South has decreased its total deposits by $-981,000, resulting in -1.29% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Bank of the South has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Bank of the South has $83.07 million in assets with $7.31 million in equity, resulting in a capitalization level of 8.80%, which is average.

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