First Southern Bank (AL)

Overview / Commentary
301 South Court Street
Florence, AL 35630

First Southern Bank (AL) is headquartered in FLORENCE and is the 23rd largest bank in the state of Alabama. It is also the 1,449th largest bank in the nation. It was established in 1934 and as of December of 2023, it had grown to 87 employees at 6 locations. First Southern Bank (AL)'s money market rates are 6X the national average, and it boasts 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 Grade Components

FDIC Certificate #29332
Year Established1934
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.28%
Return on Equity - YTD14.37%
Annual Interest Income$35.5MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$640.6MM$558.3MM
LoansQ4 2023vs Q4 2022$503.6MM$447MM
DepositsQ4 2023vs Q4 2022$563.9MM$512.5MM
Equity CapitalQ4 2023vs Q4 2022$59MM$44.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$6.2MM$6MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$10K$33K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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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

0.05%$25-Personal Savings Account
0.05%--First Choice Savings

First Southern Bank (AL) Money Market Rates

2.50%$100k-Premier Money Market
0.05%$500-Money Market

First Southern Bank (AL) Checking Account Rates

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

4.81%$10k-5 Month CD Special
4.34%$50k-10 Month CD Special
3.89%$10k-20 Month CD Special
3.68%$25k-30 Month CD Special
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

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
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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