First Southern Bank (Waycross, GA)
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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 Waycross, GA, established in 1907 (FDIC certificate 10055), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $347.2M, up 4.9% from Q2 2025. Its CET1 capital ratio was 14.87% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 10055
- Headquarters
- Waycross, GA
- Established
- 1907
- Total assets, Q2 2026
- $347.2M
- Assets vs Q2 2025
- +4.9%
- CET1 ratio, Q2 2026
- 14.87%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 061206814
First Southern Bank, based in Waycross, Georgia, reported $347 million in assets at June 30, 2026, up 4.9% from a year earlier. It carries problem assets equal to 0.1% of the capital and reserves that would absorb them, a small fraction of the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also keeps 4.57 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.95 cents).
Paper losses on its bond portfolio are shrinking: unrealized losses of $8.6 million equal 24% of Tier 1 capital, down from 31% a year earlier. Costs are the weak spot: it spends about 73 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, First Southern Bank reported a CET1 capital ratio of 14.87%, a return on assets of 0.98%, a nonperforming-loan ratio of 0.01% and a Texas ratio of 0.07%. The figures come from its call report filed with the FFIEC.
Between Q1 2026 and Q2 2026, its total assets rose 3.7% to $347.2M, loans rose 2.2% and deposits rose 3.8%. Owner-occupied commercial real estate loans made up 31.2% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 29.3%. Its 7 offices in the FDIC Summary of Deposits are in 7 cities across 2 states; its Sebring office books 29% of its branch deposits. On its Q2 2026 call report, First Southern Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 930 Memorial Dr, Waycross, GA 31501
- County
- Ware
- Metro Area
- Waycross, GA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 19, 1907
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 60
- Domestic deposits
- $312.9M
- Allowance for credit losses
- $2.0M
- Net charge-offs (YTD)
- $48K
- Average total assets
- $332.6M
- Average total loans
- $224.5M
- Average interest-bearing deposits
- $201.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10055
- Fed RSSD
- 631039
- Website
- www.fsb-bank.bank →
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, First Southern Bank's total assets ran between $306.8M (Q4 2023) and $347.2M (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
$347.2M total assets against $330.9M; $314.5M total liabilities against $301.8M.
$224.5M net loans and leases against $214.9M; $312.9M total deposits against $300.3M.
$64.4M securities against $66.5M; $38.9M cash and balances due against $30.9M.
$4.6M total interest income against $4.4M; $1.0M total interest expense against $939K.
$3.6M net interest income against $3.4M.
$362K total noninterest income against $354K; $2.9M total noninterest expense against $2.7M.
$0 provision for credit losses against $50K.
$812K net income against $759K.
0.98% return on assets against 0.94%; 4.57% net interest margin against 4.53%.
14.87% CET1 capital ratio against 14.24%; 10.92% tier 1 leverage ratio against 10.29%.
Inside the full First Southern Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Held-to-maturity securities carry unrealized losses equal to more than a quarter of book equity. Because HTM is held at amortized cost, these losses are not reflected in reported capital, the dynamic that masked Silicon Valley Bank's insolvency before its March 2023 failure. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.62% (Q4 2025) to 1.16% (Q3 2025) and its net interest margin ran from 4.14% (Q3 2024) to 4.76% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.87% | 0.98% | 0.01% | 0.07% | 4.57% |
| Q1 2026 | 14.79% | 0.96% | 0.04% | 0.29% | 4.58% |
| Q4 2025 | 13.95% | 0.62% | 0.01% | 0.08% | 4.76% |
| Q3 2025 | 14.24% | 1.16% | 0.00% | 0.00% | 4.71% |
| Q2 2025 | 14.24% | 0.94% | 0.00% | 0.00% | 4.53% |
| Q1 2025 | 14.28% | 0.93% | 0.00% | 0.00% | 4.49% |
| Q4 2024 | 14.30% | 0.93% | 0.00% | 0.00% | 4.41% |
| Q3 2024 | 14.04% | 0.71% | 0.03% | 0.21% | 4.14% |
Swipe the table sideways to see every column.
Branch Network
View all 7 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 |
|---|---|---|---|
| Sebring Branch | Sebring , FL | 33870 | $90.4M |
| Manatee Branch | Bradenton , FL | 34205 | $76.6M |
| First Southern Bank (main office) | Waycross , GA | 31501 | $47.2M |
| Wayne County Branch | Jesup , GA | 31545 | $34.0M |
| Patterson Branch | Patterson , GA | 31557 | $30.0M |
| Blackshear Branch | Blackshear , GA | 31516 | $22.7M |
| Stuart Branch | Stuart , FL | 34994 | $11.9M |
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 |
|---|---|---|---|
| October 3, 2026 | M&A | Acquired by Community First Credit Union of Florida merger | SEC |
| October 3, 2026 | Structure Change | Charter Discontinued (Merger or Purchase & Assumption) | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in GA, rank 134 of 177 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $2.9M approved, $1.5M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 $347.2 million in its FFIEC call report.
Where is First Southern Bank headquartered?
It is headquartered in Waycross, GA, United States.
When was First Southern Bank founded?
It was established in 1907, per the FDIC institution directory.
Is First Southern Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10055). 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.
What is First Southern Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.87% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Southern Bank operate?
It operates 7 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 0.07% 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.
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