First Southern Bank (FL)

First Southern Bank (FL) is headquartered in Boca Raton and is the 25^th largest bank in the state of Florida. It is also the 676^th largest bank in the nation. It was established in 1987 and as of March of 2012, it had grown to 172 employees at 15 locations. First Southern Bank (FL) has a 3-star health rating.

Data for Q1 2012

Institution Statistics First Southern Bank FDIC Certificate # 27044 BankRate Report View Year Established 1987 Employees 172 Primary Regulator FED Assets and Liabilities Assets $975.96 million Loans $556.58 million Deposits $808.47 million Equity Capital $165.73 million Loan Loss Allowance $13.21 million Unbacked Noncurrent Loans $104.33 million Real Estate Owned $10.71 million Historic Data - March 2011 Assets $1.02 billion Equity Capital $165.83 million Loan Loss Allowance $11.92 million Unbacked Noncurrent Loans $118.06 million Real Estate Owned $12.02 million Profit Margin - Quarterly Net Interest Margin 4.57% Return on Assets -0.44% Return on Equity -2.56% Interest Income $11.17 million

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 Southern Bank (FL) had $115.04 million in non-current loans and owned real-estate with $178.94 million in equity and loan loss allowances on hand to cover it. This gives First Southern Bank (FL) a Texas Ratio of 64.29% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Southern Bank (FL) held steady from 73.18% as of March 31, 2011 to 64.29% as of March 31, 2012, resulting in a positive change of 12.15%.This indicates that the balance sheet and financial strength for First Southern Bank (FL) has held steady in recent periods. Deposit Growth In the past year, First Southern Bank (FL) has decreased its total deposits by -$29.53 million, resulting in -3.52% 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 Southern Bank (FL) 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 Southern Bank (FL) has $975.96 million in assets with $178.94 million in equity, resulting in a capitalization level of 18.33%, which is excellent.

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