First Southern Bank (AL)

Overview / Commentary
301 South Court Street
Florence, AL 35630

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.

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 - YTD1.32%
Return on Equity - YTD15.69%
Annual Interest Income$7.1MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$371.3MM$322.5MM
LoansQ2 2021vs Q2 2020$274.1MM$276.7MM
DepositsQ2 2021vs Q2 2020$338.9MM$278.6MM
Equity CapitalQ2 2021vs Q2 2020$31.5MM$27.6MM
Loan Loss AllowanceQ2 2021vs Q2 2020$4.1MM$3.5MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$65.00K$113.00K
Real Estate OwnedQ2 2021vs Q2 2020$167.00K$329.00K
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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

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

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 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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