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First Southern Bank (AL)


Overview / Commentary
www.firstsouthern.com
256-718-4200
301 South Court Street
Florence, AL 35630

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.

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.

2


Health
A

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #29332
Year Established1934
Employees77
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD15.99%
Annual Interest Income$14.7MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$417.5MM$345.3MM
LoansQ4 2021vs Q4 2020$329.0MM$282.4MM
DepositsQ4 2021vs Q4 2020$382.4MM$315.0MM
Equity CapitalQ4 2021vs Q4 2020$33.9MM$29.3MM
Loan Loss AllowanceQ4 2021vs Q4 2020$4.3MM$3.8MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$41.00K$110.00K
Real Estate OwnedQ4 2021vs Q4 2020$56.00K$443.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Southern Bank (AL) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$25-Personal Savings Account
0.05%--First Choice Savings

First Southern Bank (AL) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Money Market

First Southern Bank (AL) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--50+ Free Interest Checking
0.05%--Southern Advantage Checking
0.05%--Business CHKG with Interest
0.05%--IOLTA Checking

First Southern Bank (AL) CD Rates

APYMINMAXACCOUNT NAMEVIEW 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

First Southern Bank (AL) IRA Rates

APYMINMAXACCOUNT NAMEVIEW 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
Locations


First Southern Bank (AL) Locations
Muscle Shoals Branch1027 Avalon AvenueMuscle Shoals, AL 35661
Killen Branch1455 Highway 72Killen, AL 35645
First Southern Bank301 South Court StreetFlorence, AL 35630
St. Florian Branch4350 County Road 47Florence, AL 35630
Ford City Branch5145 River RoadMuscle Shoals, AL 35661

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