First Southern Bank: Income and Expense
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Data as of · Call Report Schedule RI How we update
First Southern Bank reported all 18 line items on this page on its Q3 2026 filing. Net income was -$267K in Q3 2026, down 286.7% from $143K in Q3 2025.
Provision for credit losses dropped 26.3% in Q3 2026, from $2.9M to $2.1M. It was the largest change from Q2 2026 among the key lines here. First Southern Bank has the 9th lowest return on assets of the 92 banks headquartered in Alabama, at -0.16% as of Q3 2026. First Southern Bank's return on assets of -0.16% is well below the 1.27% median for banks in the $100M-1B asset tier, a gap of 1.44 points (Q3 2026).
Net income
Return on equity changed the most here, up 5.32 points to -1.67% in Q3 2026 from -6.99% in Q2 2026.
| Line item | Q3 2026 |
|---|---|
| Net income | -$267K |
| Return on assets | -0.16% |
| Return on equity | -1.67% |
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Interest income and expense
Net interest margin changed the most here, up 0.34 points to 3.40% in Q3 2026 from 3.06% in Q2 2026.
| Line item | Q3 2026 |
|---|---|
| Interest income on loans | $7.4M |
| Total interest expense | $3.7M |
| Interest expense on deposits | $3.3M |
| Net interest margin | 3.40% |
Noninterest income and expense
Largest change in this table: total noninterest expense, up 6.2% to $4.3M in Q3 2026 after $4.1M in Q2 2026.
| Line item | Q3 2026 |
|---|---|
| Total noninterest expense | $4.3M |
| Salaries and general administrative expense | $2.7M |
| Amortization of intangibles | $0 |
| Other noninterest expense | $1.6M |
| Efficiency ratio | 71.31% |
Productivity
| Line item | Q3 2026 |
|---|---|
| Assets per employee | $6.1M |
| Revenue per employee | $232K |
| Full-time equivalent employees | 104 |
Credit costs and securities results
| Line item | Q3 2026 |
|---|---|
| Provision for credit losses | $2.1M |
| Provision expense to average assets | 1.28% |
| Realized gain/(loss) on securities | $0 |
Income and Expense trend
Each bar is that quarter alone, not a year-to-date total.
Lower is better: it is expense as a share of revenue.
Income and Expense by quarter
| Quarter | Net income | Return on assets | Return on equity | Efficiency ratio |
|---|---|---|---|---|
| Q4 2023 | $2.2M | 1.44% | 15.31% | 46.15% |
| Q1 2024 | $2.0M | 1.29% | 13.47% | 47.45% |
| Q2 2024 | $1.8M | 1.14% | 11.37% | 48.77% |
| Q3 2024 | $2.2M | 1.40% | 14.06% | 51.61% |
| Q4 2024 | $1.7M | 1.03% | 10.27% | 56.18% |
| Q1 2025 | $505K | 0.31% | 3.03% | 65.50% |
| Q2 2025 | -$332K | -0.20% | -1.99% | 61.15% |
| Q3 2025 | $143K | 0.09% | 0.86% | 58.75% |
| Q4 2025 | -$219K | -0.13% | -1.29% | 51.91% |
| Q1 2026 | -$7.7M | -4.34% | -47.61% | 61.72% |
| Q2 2026 | -$1.1M | -0.62% | -6.99% | 74.08% |
| Q3 2026 | -$267K | -0.16% | -1.67% | 71.31% |
First Southern Bank income and expense, quarter by quarter
Income and Expense since Q3 2021 · peer percentiles on every line item · watchlist alerts
Unlock this bank, freeSource: Call Report Schedule RI, Q3 2026. Open the filed call report for Q3 2026 on the FFIEC CDR. How this page is built. See the full First Southern Bank profile or its peer group comparison.
Regulator records: FDIC BankFind (cert 29332) · FFIEC NIC profile (RSSD 66275)