First Southern Bank (AL)

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.50%	5-year CD	3.00% - Discover Bank 5 Year CD
1.02%	1-year CD	2.65% - Discover Bank 12 Month CD
0.15%	Savings	2.20% - Barclays Online Savings Account

View all First Southern Bank (AL) rates »

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 45^th largest bank in the state of Alabama. It is also the 2,544^th largest bank in the nation. It was established in 1934 and as of December of 2018, it had grown to 64 employees at 5 locations. First Southern Bank (AL)'s savings rates are 2X the national average, and it boasts an A+ health rating.

Reviews (1)

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Decent bank

Posted by: Pinsele | Apr 11, 2018

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.

Comment

Health

A+

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	29332
Year Established	1934
Employees	64
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.94%
Return on Equity - YTD	10.31%
Annual Interest Income	$9.8MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$245.8MM$221.6MM
Loans	Q4 2018vs Q4 2017	$176.4MM$156.6MM
Deposits	Q4 2018vs Q4 2017	$222.0MM$201.9MM
Equity Capital	Q4 2018vs Q4 2017	$23.0MM$18.6MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$2.8MM$2.3MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$220.00K$435.00K
Real Estate Owned	Q4 2018vs Q4 2017	$0$312.00K

Rates

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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
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

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$2.5k^*	-	Southern Advantage Checking
OTHER TIERS: 0.15% → Up to $2.5k
0.15%	-	-	50+ Free Interest Checking
0.15%^*	$10k^*	-	Business CHKG with Interest
OTHER TIERS: 0.05% → Up to $10k
0.05%	-	-	IOLTA Checking

First Southern Bank (AL) CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%	$1k	-	60 Month CD
2.40%	$1k	-	48 Month CD
2.30%	$5k	-	30 Month CD Special
2.25%	$1k	-	18 Month CD Special
2.20%	$5k	-	10 Month CD Special
1.75%	$1k	-	36 Month CD
1.21%	$1k	-	24 Month CD
1.02%	$1k	-	12 Month CD
0.78%	$1k	-	182 Day CD
0.28%	$1k	-	91 Day CD

First Southern Bank (AL) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.52%	$100	-	60 Month IRA
2.42%	$100	-	48 Month IRA
2.27%	$100	-	24 Month IRA
1.76%	$100	-	36 Month IRA
1.02%	$100	-	12 Month IRA

Locations

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

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