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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 40th largest bank in the state of Alabama. It is also the 2,340th largest bank in the nation. It was established in 1934 and as of December of 2019, it had grown to 62 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 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #29332
Year Established1934
Employees62
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD11.18%
Annual Interest Income$11.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$276.7MM$245.8MM
LoansQ4 2019vs Q4 2018$214.5MM$176.4MM
DepositsQ4 2019vs Q4 2018$249.8MM$222.0MM
Equity CapitalQ4 2019vs Q4 2018$26.3MM$23.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$2.9MM$2.8MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$149.00K$220.00K
Real Estate OwnedQ4 2019vs Q4 2018$296.00K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Southern Bank (AL); we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.25%*$25k*-First Choice Savings
OTHER TIERS: 0.15% → Up to $25k
0.10%$25-Personal Savings Account

First Southern Bank (AL) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$250k*-Money Market
OTHER TIERS: 0.15% → $500 - $50k | 0.20% → $50k - $250k

First Southern Bank (AL) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--50+ Free Interest Checking
0.10%--Southern Advantage Checking
0.10%*$10k*-Business CHKG with Interest
OTHER TIERS: 0.05% → Up to $10k
0.05%--IOLTA Checking

First Southern Bank (AL) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month CD
0.75%$1k-48 Month CD
0.60%$1k-36 Month CD
0.55%$1k-24 Month CD
0.40%$1k-18 Month CD
0.25%$1k-12 Month CD
0.20%$1k-182 Day CD
0.05%$1k-91 Day CD

First Southern Bank (AL) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$100-60 Month IRA
0.75%$100-48 Month IRA
0.60%$100-36 Month IRA
0.55%$100-24 Month IRA
0.25%$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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