First Southern Bank (Florence, AL)
First Southern Bank is an FDIC-insured commercial bank headquartered in Florence, AL, supervised by the FDIC, with $634.0M in total assets at Q3 2026, down 6.4% from Q3 2025, the 27th largest of 92 banks headquartered in Alabama. It was established in 1934 and holds FDIC certificate 29332. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.65% at Q3 2026, above the 8% community bank leverage ratio requirement for being considered well capitalized.
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 29332
- Headquarters
- Florence, AL
- Established
- 1934
- Total assets, Q3 2026
- $634.0M
- Assets vs Q3 2025
- -6.4%
- Tier 1 leverage ratio, Q3 2026
- 10.65%
- Domestic offices
- 10 branches
- Routing number
- 262283665
- Safety and soundness
- Is First Southern Bank safe?
- Latest call report
- Q3 2026, FFIEC 051 · First Southern Bank call report
- Holding company
- FIRST SOUTHERN BANCSHARES, INC.
- Asset rank in state
- 27th of 92 in Alabama
Problem loans are rising at First Southern Bank. Its balance sheet stood at $634 million at September 30, 2026, down 6.4% from a year earlier; it is based in Florence, Alabama. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 9.39% of loans from 6.34% a year earlier. It loses about $0.16 a year on every $100 of assets, lower than about 9 in 10 of the 2,623 banks with $100 million to $1 billion in assets (median $1.30). It also carries problem assets equal to 58.1% of the capital and reserves that would absorb them, 19.6 times the median of 3.0% for banks its size.
It lost $267,000 in the quarter. The commercial and industrial book ($56 million) is worsening: 7.68% of it is past due or on nonaccrual, up from 3.99% a year earlier. Funding is the softer spot: it pays an average of 2.53% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.83%).
As of September 30, 2026, First Southern Bank reported a return on assets of -0.16%, a nonperforming-loan ratio of 9.72% and a Texas ratio of 58.07%. The figures come from its call report filed with the FFIEC.
First Southern Bank ranks as the 27th largest of the 92 banks based in Alabama, by total assets at Q3 2026. From Q2 2026 to Q3 2026, its total assets fell 6.6% to $634.0M, loans fell 3.7% and deposits fell 7.0%. 1-4 family residential loans made up 22.3% of its total loans on September 30, 2026, its largest category; next came farmland and other real estate loans at 20.5%. Its 10 offices in the FDIC Summary of Deposits are in 9 cities across 4 states; its Florence 2 offices book 79% of its branch deposits. Judged on its Q3 2026 call report, First Southern Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 201 S Court Street, Florence, AL 35630
- County
- Lauderdale
- Metro Area
- Florence-Muscle Shoals, AL
- 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
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- 1934
- Domestic offices
- 10 branches
- Employees (FTE)
- 104
- Domestic deposits
- $536.5M
- Allowance for credit losses
- $10.8M
- Net charge-offs (YTD)
- $14.8M
- Average total assets
- $654.3M
- Average total loans
- $464.0M
- Average interest-bearing deposits
- $501.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29332
- Fed RSSD
- 66275
- Website
- www.firstsouthern.com →
- Parent Holding Company
- FIRST SOUTHERN BANCSHARES, INC. (RSSD 2313704)
Profitability
Q3 annualizedAsset Quality
Balance Sheet
Income Statement
Operating & Funding
Watch First Southern Bank: get a note when its numbers change. Free, no card required.
Ratios tagged annualized use the Q3 income alone. The UBPR and FDIC annualize the year to date instead. 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
Over the 12 quarters to Q3 2026, First Southern Bank's total assets ran between $613.0M (Q1 2024) and $732.2M (Q4 2025), and it earned a profit in 7 of the 12 quarters. The line under each chart compares Q3 2026 with Q3 2025. How these charts are built
$634.0M total assets against $677.6M; $565.5M total liabilities against $610.7M.
$438.9M net loans and leases against $511.3M; $536.5M total deposits against $568.0M.
$90.9M securities against $39.7M; $79.7M cash and balances due against $106.3M.
$9.1M total interest income against $10.3M; $3.7M total interest expense against $4.2M.
$5.4M net interest income against $6.1M.
$575K total noninterest income against $453K; $4.3M total noninterest expense against $3.8M.
$2.1M provision for credit losses against $2.5M.
-$267K net income against $143K.
-0.16% return on assets against 0.09%; 3.40% net interest margin against 3.78%.
10.65% tier 1 leverage ratio against 10.17%.
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.
Nonperforming assets exceed half of the bank's capital plus reserves. Worth monitoring, not yet at the historical failure-risk threshold. BankRegReports early-warning band below the 100% heuristic.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
First Southern Bank rankings
Its closest position to the top of a national ranking is 14 of 3,644, for Texas Ratio; its furthest is 3,518 of 3,627, for ROA.
Quarterly trend: last 8 quarters
From Q4 2024 to Q3 2026, its return on assets ran from -4.34% (Q1 2026) to 1.03% (Q4 2024) and its net interest margin ran from 3.06% (Q2 2026) to 3.88% (Q2 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q3 2026 | 10.65% | -0.16% | 9.72% | 58.07% | 3.40% |
| Q2 2026 | 8.95% | -0.62% | 10.86% | 70.54% | 3.06% |
| Q1 2026 | 8.66% | -4.34% | 7.38% | 50.13% | 3.37% |
| Q4 2025 | 9.97% | -0.13% | 5.94% | 39.86% | 3.68% |
| Q3 2025 | 10.17% | 0.09% | 6.34% | 45.42% | 3.78% |
| Q2 2025 | 10.31% | -0.20% | 5.73% | 41.79% | 3.88% |
| Q1 2025 | 10.36% | 0.31% | 5.85% | 42.60% | 3.22% |
| Q4 2024 | 10.32% | 1.03% | 3.02% | 22.72% | 3.72% |
Swipe the table sideways to see every column.
Branch Network
View all 10 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 |
|---|---|---|---|
| First Southern Bank (main office) | Florence , AL | 35630 | $381.0M |
| St. Florian Branch | Florence , AL | 35630 | $72.1M |
| Killen Branch | Killen , AL | 35645 | $60.2M |
| Muscle Shoals Branch | Muscle Shoals , AL | 35661 | $36.1M |
| Clermont Branch | Clermont , FL | 34711 | $11.8M |
| Boaz Branch | Boaz , AL | 35957 | $6.1M |
| Bronson Branch | Bronson , FL | 32621 | $5.5M |
| New Albany Branch | New Albany , MS | 38652 | $1.6M |
| Moulton Branch | Moulton , AL | 35650 | $1.3M |
| Texarkana Branch | Texarkana , AR | 71854 | $1.3M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 2 against the institution (FDIC)
- July 22, 2004, FDIC: Cease and Desist / Consent Orders: FIRST SOUTHERN BANK
- March 15, 2002, FDIC: Cease and Desist / Consent Orders: FIRST SOUTHERN BANK
- Period: Most recent institution action July 22, 2004. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.4% of deposits in AL, rank 40 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 101 applications, 78 loans originated, $16.8M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $87K approved, $44K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2001 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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 Q3 2026 filing, First Southern Bank reported total assets of $634.0 million in its FFIEC call report.
Where is First Southern Bank headquartered?
It is headquartered in Florence, AL, United States.
When was First Southern Bank founded?
It was established in 1934, per the FDIC institution directory.
Is First Southern Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #29332). 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 10 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 58.07% in its Q3 2026 call report, elevated, credit issues exceed half of the bank's capital cushion (50 to 100%). The Texas Ratio measures nonperforming assets against the bank's capital and reserves.
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