First Southern Bank (AL) is headquartered in Florence and is the 35th largest bank in the state of Alabama. It is also the 2,144th largest bank in the nation. It was established in 1934 and as of June of 2021, it had grown to 75 employees at 5 locations. First Southern Bank (AL) has an A health rating.
Decent bank
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.
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29332 |
| Year Established | 1934 |
| Employees | 75 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.32% |
| Return on Equity - YTD | 15.69% |
| Annual Interest Income | $7.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $371.3MM$322.5MM |
| Loans | Q2 2021vs Q2 2020 | $274.1MM$276.7MM |
| Deposits | Q2 2021vs Q2 2020 | $338.9MM$278.6MM |
| Equity Capital | Q2 2021vs Q2 2020 | $31.5MM$27.6MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $4.1MM$3.5MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $65.00K$113.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $167.00K$329.00K |