First Southern Bank (AL) is headquartered in Florence and is the 31st largest bank in the state of Alabama. It is also the 1,997th largest bank in the nation. It was established in 1934 and as of December of 2021, it had grown to 77 employees at 5 locations. First Southern Bank (AL) has an A health rating.
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.
Overall | |
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FDIC Certificate # | 29332 |
Year Established | 1934 |
Employees | 77 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.34% |
Return on Equity - YTD | 15.99% |
Annual Interest Income | $14.7MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $417.5MM$345.3MM |
Loans | Q4 2021vs Q4 2020 | $329.0MM$282.4MM |
Deposits | Q4 2021vs Q4 2020 | $382.4MM$315.0MM |
Equity Capital | Q4 2021vs Q4 2020 | $33.9MM$29.3MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $4.3MM$3.8MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $41.00K$110.00K |
Real Estate Owned | Q4 2021vs Q4 2020 | $56.00K$443.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $25 | - | Personal Savings Account | |
0.05% | - | - | First Choice Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $500 | - | Money Market |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | - | - | 50+ Free Interest Checking | |
0.05% | - | - | Southern Advantage Checking | |
0.05% | - | - | Business CHKG with Interest | |
0.05% | - | - | IOLTA Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.35% | $1k | - | 48 Month CD | |
0.35% | $1k | - | 60 Month CD | |
0.25% | $1k | - | 24 Month CD | |
0.25% | $1k | - | 36 Month CD | |
0.20% | $1k | - | 18 Month CD | |
0.15% | $1k | - | 12 Month CD | |
0.05% | $1k | - | 91 Day CD | |
0.05% | $1k | - | 182 Day CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.35% | $100 | - | 48 Month IRA | |
0.35% | $100 | - | 60 Month IRA | |
0.25% | $100 | - | 24 Month IRA | |
0.25% | $100 | - | 36 Month IRA | |
0.15% | $100 | - | 12 Month IRA |
First Southern Bank (AL) Locations | ||
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Muscle Shoals Branch | 1027 Avalon Avenue | Muscle Shoals, AL 35661 |
Killen Branch | 1455 Highway 72 | Killen, AL 35645 |
First Southern Bank | 301 South Court Street | Florence, AL 35630 |
St. Florian Branch | 4350 County Road 47 | Florence, AL 35630 |
Ford City Branch | 5145 River Road | Muscle Shoals, AL 35661 |