First Southern Bank (AL)


Overview / Commentary
256-718-4200
301 South Court Street
Florence, AL 35630

First Southern Bank (AL) is headquartered in FLORENCE and is the 27th largest bank in the state of Alabama. It is also the 1,615th largest bank in the nation. It was established in 1934 and as of March of 2023, it had grown to 82 employees at 5 locations. First Southern Bank (AL) has an A health rating.

Reviews (1)

Decent bank

Posted by: |

I started using this bank back when we first moved here in 2001. It was good back then but since then it has changed owners and things have been downhill since then. It wasn't long after the new owners took over that the original tellers left because they couldn't handle the new owners rules and the new tellers that were brought in are not the friendliest people on Earth. They act like you are a major inconvenience to them. The only redeeming quality about them is that they're at a more convenient location compared to the other bank in town. We still have an account with them strictly as a savings account because their fees are pretty decent but we rarely go in and interact with them like we used to. We stick to the online banking and just use the ATM when necessary.



Health

Health Grade Components

Overall
FDIC Certificate #29332
Year Established1934
Employees82
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.3%
Return on Equity - YTD15.89%
Annual Interest Income$7.8MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$554.4MM$433.3MM
LoansQ1 2023vs Q1 2022$469.7MM$365.7MM
DepositsQ1 2023vs Q1 2022$506.5MM$378.2MM
Equity CapitalQ1 2023vs Q1 2022$46.4MM$34.5MM
Loan Loss AllowanceQ1 2023vs Q1 2022$6.4MM$4.7MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$992.00K$91.00K
Real Estate OwnedQ1 2023vs Q1 2022$0$0
Rates

Rates for First Southern Bank (AL) are currently being reviewed.

Locations


First Southern Bank (AL) Locations
Muscle Shoals Branch1027 Avalon AvenueMuscle Shoals, AL 35661
Killen Branch1455 Highway 72Killen, AL 35645
First Southern Bank301 S Court StFlorence, AL 35630
St. Florian Branch4350 County Road 47Florence, AL 35630

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