First Southern Bank (Marion, IL)
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Data as of · sourced from FFIEC call reports. How we update
First Southern Bank is an FDIC-insured commercial bank headquartered in Marion, IL, established in 1937 (FDIC certificate 15565), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.04B, down 0.2% from Q2 2025, the 52nd largest of 319 banks headquartered in Illinois. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.85% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15565
- Headquarters
- Marion, IL
- Established
- 1937
- Total assets, Q2 2026
- $1.04B
- Assets vs Q2 2025
- -0.2%
- Tier 1 leverage ratio, Q2 2026
- 10.85%
- Domestic offices
- 19 FDIC institution directory, current count
- Routing number
- 081203208
- Latest call report
- Q2 2026, FFIEC 051 · First Southern Bank call report
- Holding company
- MIDWEST COMMUNITY BANCSHARES, INC.
- Asset rank in state
- 52nd of 319 in Illinois
Problem loans are rising at First Southern Bank. It reported $1.0 billion in assets at June 30, 2026. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 3.00% of loans from 1.84% a year earlier. It carries problem assets equal to 21.7% of the capital and reserves that would absorb them, 6.1 times the median of 3.6% for the 895 banks with $1 billion to $10 billion in assets. On the other hand, it pays an average of 1.21% on its deposits and borrowings, lower than about three-quarters of banks its size (median 2.01%).
The non-owner-occupied commercial real estate book ($122 million) is worsening: 7.07% of it is past due or on nonaccrual, up from 0.87% a year earlier. Its $132 million commercial and industrial book is improving, with 1.72% past due or on nonaccrual, down from 2.36% a year earlier.
As of June 30, 2026, First Southern Bank reported a return on assets of 1.57%, a nonperforming-loan ratio of 3.00% and a Texas ratio of 21.70%. The figures come from its call report filed with the FFIEC.
Of the 319 banks headquartered in Illinois, First Southern Bank is the 52nd largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 0.4% to $1.04B, loans fell 2.2% and deposits fell 0.2%. The largest part of its loan book on June 30, 2026 was commercial and industrial loans, at 20.2% of total loans, ahead of non-owner-occupied commercial real estate loans at 18.7%. The FDIC Summary of Deposits lists 19 offices for it, in 11 cities in IL; its Carbondale 3 offices book 45% of its branch deposits. Judged on its Q2 2026 call report, First Southern Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 300 Tower Square Plz, Marion, IL 62959
- County
- Williamson
- Metro Area
- Marion-Herrin, IL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- December 15, 1937
- Former names
- The Bank of Marion (1977-2014)
- Domestic offices
- 19 FDIC institution directory, current count
- Employees (FTE)
- 161
- Domestic deposits
- $904.3M
- Allowance for credit losses
- $7.7M
- Net charge-offs (YTD)
- $1.5M
- Average total assets
- $1.05B
- Average total loans
- $661.3M
- Average interest-bearing deposits
- $561.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 15, 1937
- FDIC Cert
- 15565
- Fed RSSD
- 382649
- Website
- www.firstsouthernbank.net →
- Parent Holding Company
- MIDWEST COMMUNITY BANCSHARES, INC. (RSSD 2603450)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, First Southern Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
First Southern Bank's total assets moved between a low of $1.01B (Q1 2024) and a high of $1.07B (Q3 2024) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.04B total assets against $1.04B; $929.7M total liabilities against $943.2M.
$647.9M net loans and leases against $650.3M; $904.3M total deposits against $884.2M.
$293.5M securities against $282.2M; $38.1M cash and balances due against $45.4M.
$13.2M total interest income against $12.2M; $3.0M total interest expense against $3.1M.
$10.1M net interest income against $9.1M.
$914K total noninterest income against $926K; $4.9M total noninterest expense against $5.1M.
$880K provision for credit losses against $60K.
$4.1M net income against $3.8M.
1.57% return on assets against 1.53%; 4.16% net interest margin against 3.88%.
10.85% tier 1 leverage ratio against 10.37%.
Inside the full First Southern Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Southern Bank rankings
Its closest position to the top of a national ranking is 137 of 3,640, for Texas Ratio; its furthest is 420 of 980, for uninsured deposits.
Metric pages for First Southern Bank: Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.16% (Q1 2026) to 1.70% (Q4 2025) and its net interest margin ran from 3.45% (Q3 2024) to 4.16% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.85% | 1.57% | 3.00% | 21.70% | 4.16% |
| Q1 2026 | 10.50% | 1.16% | 2.82% | 21.41% | 3.86% |
| Q4 2025 | 10.71% | 1.70% | 0.82% | 8.07% | 4.08% |
| Q3 2025 | 10.55% | 1.57% | 1.04% | 11.25% | 3.99% |
| Q2 2025 | 10.37% | 1.53% | 1.84% | 18.52% | 3.88% |
| Q1 2025 | 10.28% | 1.29% | 2.72% | 21.84% | 3.71% |
| Q4 2024 | 10.06% | 1.41% | 1.59% | 14.02% | 3.53% |
| Q3 2024 | 10.04% | 1.37% | 1.56% | 13.31% | 3.45% |
Swipe the table sideways to see every column.
Branch Network
View all 19 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Carbondale Main Street Branch | Carbondale , IL | 62901 | $335.0M |
| First Southern Bank (main office) | Marion , IL | 62959 | $105.2M |
| Herrin Security Bank Branch | Herrin , IL | 62948 | $91.3M |
| Carbondale West Branch | Carbondale , IL | 62901 | $68.3M |
| Carbon Branch | Marion , IL | 62959 | $55.4M |
| C.P. Burnett & Sons, Bankers Bank Branch | Eldorado , IL | 62930 | $54.5M |
| Illinois Centre Mall Branch | Marion , IL | 62959 | $37.0M |
| Carrier Mills Facility | Carrier Mills , IL | 62917 | $35.1M |
| Murphysboro Branch | Murphysboro , IL | 62966 | $31.7M |
| Airport Business Center Branch | Marion , IL | 62959 | $19.1M |
| Murphysboro Branch | Murphysboro , IL | 62966 | $19.0M |
| Royalton Facility | Royalton , IL | 62983 | $13.3M |
| Grand Tower Branch | Grand Tower , IL | 62942 | $10.6M |
| Creal Springs Facility | Creal Springs , IL | 62922 | $10.2M |
| Carterville Branch | Carterville , IL | 62918 | $9.7M |
| Carbondale Drive Thru Branch | Carbondale , IL | 62901 | $6.1M |
| Court Branch | Marion , IL | 62959 | $1.9M |
| Vergennes Branch | Vergennes , IL | 62994 | $543K |
| Marion Mobile Branch | Marion , IL | 62959 | $362K |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 1, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2022 | Structure Change | Acquired The Bank of Carbondale Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 6, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 6, 2014 | Structure Change | Acquired Herrin Security Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 18, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 16, 2014 | Structure Change | Acquired First Southern Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 1, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2006 | Structure Change | Acquired C. P. Burnett & Sons, Bankers Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 25, 2005 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 25, 2005 | Structure Change | Acquired The Egyptian State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 10 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in IL, rank 69 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 259 applications, 187 loans originated, $30.8M originated, across 7 states
- Period: Calendar year 2024. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $215K approved, $215K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First Southern Bank
What are First Southern Bank's total assets?
As of the Q2 2026 filing, First Southern Bank reported total assets of $1.04 billion in its FFIEC call report.
Where is First Southern Bank headquartered?
It is headquartered in Marion, IL, United States.
When was First Southern Bank founded?
It was established in 1937, per the FDIC institution directory.
Is First Southern Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15565). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Southern Bank?
First Southern Bank's primary federal regulator is the FDIC.
How many branches does First Southern Bank operate?
It operates 19 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Southern Bank's Texas Ratio?
Its Texas Ratio is 21.70% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was First Southern Bank previously called?
The charter now named First Southern Bank has also operated as The Bank of Marion (1977-2014), per FDIC structure-change records.
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