SouthFirst Bank

SouthFirst Bank is headquartered in Sylacauga and is the 85^th largest bank in the state of Alabama. It is also the 4,459^th largest bank in the nation. It was established in 1949 and as of March of 2012, it had grown to 33 employees at 3 locations. SouthFirst Bank has a 2-star health rating.

SouthFirst Bank Routing Number: 262284460

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Data for Q1 2012

Institution Statistics SouthFirst Bank OTS # 05329 FDIC Certificate # 30433 BankRate Report View Year Established 1949 Employees 33 Primary Regulator OCC Assets and Liabilities Assets $120.47 million Loans $86.49 million Deposits $104.58 million Equity Capital $7.48 million Loan Loss Allowance $1.49 million Unbacked Noncurrent Loans $934,000 Real Estate Owned $4.77 million Historic Data - March 2011 Assets $131.19 million Equity Capital $9.95 million Loan Loss Allowance $1.42 million Unbacked Noncurrent Loans $997,000 Real Estate Owned $5.83 million Profit Margin - Quarterly Net Interest Margin 3.62% Return on Assets -0.01% Return on Equity -0.21% Interest Income $1.35 million

Institution Health Overall Score: 2 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 SouthFirst Bank had $5.7 million in non-current loans and owned real-estate with $8.97 million in equity and loan loss allowances on hand to cover it. This gives SouthFirst Bank a Texas Ratio of 63.56% 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 SouthFirst Bank held steady from 60.10% as of March 31, 2011 to 63.56% as of March 31, 2012, resulting in a negative change of 5.75%. This indicates that the balance sheet and financial strength for SouthFirst Bank has held steady in recent periods. Deposit Growth In the past year, SouthFirst Bank has decreased its total deposits by -$8.52 million, resulting in -7.53% 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 SouthFirst Bank has shown is poor. 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. SouthFirst Bank has $120.46 million in assets with $8.97 million in equity, resulting in a capitalization level of 7.44%, which is below average.

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