First Southern Bank (AL) is headquartered in Florence and is the 48th largest bank in the state of Alabama. It is also the 2,593rd largest bank in the nation. It was established in 1934 and as of March of 2019, it had grown to 63 employees at 5 locations. First Southern Bank (AL)'s savings rates are 2X the national average, and it boasts 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 Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29332 |
| Year Established | 1934 |
| Employees | 63 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.03% |
| Return on Equity - YTD | 10.58% |
| Annual Interest Income | $2.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $237.2MM$219.4MM |
| Loans | Q1 2019vs Q1 2018 | $180.0MM$162.3MM |
| Deposits | Q1 2019vs Q1 2018 | $212.6MM$200.2MM |
| Equity Capital | Q1 2019vs Q1 2018 | $23.9MM$18.9MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $2.9MM$2.4MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $167.00K$115.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$510.00K |
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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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.26%* | $25k* | $500k | First Choice Savings | ||
| OTHER TIERS: 0.15% → Up to $25k | 1.00% → $500k+ | |||||
| 0.15% | $25 | - | Personal Savings Account | ||
First Southern Bank (AL) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | $250k* | - | Money Market | ||
| OTHER TIERS: 0.20% → $500 - $50k | 0.25% → $50k - $100k | 0.60% → $100k - $250k | |||||
First Southern Bank (AL) Checking Account Rates
First Southern Bank (AL) CD Rates
First Southern Bank (AL) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.17% | $100 | - | 24 Month IRA | |
| 2.12% | $100 | - | 60 Month IRA | |
| 2.02% | $100 | - | 48 Month IRA | |
| 1.76% | $100 | - | 36 Month IRA | |
| 1.02% | $100 | - | 12 Month IRA |
| First Southern Bank (AL) Locations | ||
|---|---|---|
| Muscle Shoals Branch | 1027 Avalon Avenue | Muscle Shoals, AL 35661 |
| Killen Branch | 1455 Highway 72 | Killen, AL 35645 |
| First Southern Bank | 301 South Court Street | Florence, AL 35630 |
| St. Florian Branch | 4350 County Road 47 | Florence, AL 35630 |
| Ford City Branch | 5145 River Road | Muscle Shoals, AL 35661 |