First Southern Bank (AL) is headquartered in Florence and is the 29th largest bank in the state of Alabama. It is also the 1,794th largest bank in the nation. It was established in 1934 and as of June of 2022, it had grown to 77 employees at 4 locations. First Southern Bank (AL)'s money market rates are 6X the national average, and it 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 | |
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Return on Assets - YTD | 1.46% |
Return on Equity - YTD | 17.59% |
Annual Interest Income | $9.0MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $478.9MM$371.3MM |
Loans | Q2 2022vs Q2 2021 | $398.0MM$274.1MM |
Deposits | Q2 2022vs Q2 2021 | $406.4MM$338.9MM |
Equity Capital | Q2 2022vs Q2 2021 | $41.7MM$31.5MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $5.1MM$4.1MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $56.00K$65.00K |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$167.00K |
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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 |
---|---|---|---|---|
2.50% | $100k | - | Premier Money Market | |
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% | $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 S Court St | Florence, AL 35630 |
St. Florian Branch | 4350 County Road 47 | Florence, AL 35630 |