First Southern Bank: Vital Signs
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Data as of · Call Report Schedules RC, RC-N, RC-R and RI How we update
On its Q3 2026 filing, First Southern Bank reported 20 of the 23 line items on this page. It elected the community bank leverage ratio, so it files no CET1 capital ratio, tier 1 risk-based capital ratio and total risk-based capital ratio; the Tier 1 leverage ratio is its capital test. Tier 1 leverage ratio was 10.65% in Q3 2026, up 0.48 percentage points from 10.17% in Q3 2025. Across the 12 quarters shown it ranged from 8.66% (Q1 2026) to 10.65% (Q3 2026).
The standout move of Q3 2026 was in Net charge-off ratio: 3.79 percentage points higher than in Q2 2026, at 3.24%. 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).
Capital adequacy
Equity capital to assets moved most in this table, up 2.02 points: 8.79% in Q2 2026, 10.81% in Q3 2026.
| Line item | Q3 2026 |
|---|---|
| CET1 capital ratio | Not applicable (CBLR) |
| Tier 1 risk-based capital ratio | Not applicable (CBLR) |
| Total risk-based capital ratio | Not applicable (CBLR) |
| Tier 1 leverage ratio | 10.65% |
| Equity capital to assets | 10.81% |
| Tangible equity to tangible assets | 10.81% |
This bank files the community bank leverage ratio (CBLR), the simplified capital framework for qualifying community banks. It does not report CET1, Tier 1 or total risk-based ratios, so the Tier 1 leverage ratio is the capital measure that applies. What the community bank leverage ratio is.
Source: Call Report Schedule RC-R, Part I: Tier 1 leverage ratio (RCOA7204).
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Asset quality
| Line item | Q3 2026 |
|---|---|
| Nonperforming loans to loans | 9.72% |
| Nonperforming assets ratio | 7.49% |
| Net charge-off ratio | 3.24% |
| Texas ratio | 58.07% |
| Allowance for credit losses to loans | 2.39% |
| Reserve coverage of nonperforming loans | 24.60% |
Earnings
Largest change in this table: return on equity, up 5.32 points to -1.67% in Q3 2026 after -6.99% in Q2 2026.
| Line item | Q3 2026 |
|---|---|
| Return on assets | -0.16% |
| Return on equity | -1.67% |
| Net interest margin | 3.40% |
| Efficiency ratio | 71.31% |
| Yield on earning assets | 5.69% |
| Cost of funds | 2.53% |
Liquidity and funding
Loan-to-deposit ratio changed the most here, up 2.92 points to 83.82% in Q3 2026 from 80.90% in Q2 2026.
| Line item | Q3 2026 |
|---|---|
| Loan-to-deposit ratio | 83.82% |
| Core deposits to total deposits | 93.44% |
| Brokered deposits to total deposits | 0.00% |
| Deposits to assets | 84.62% |
| Securities to assets | 14.34% |
Vital Signs trend
Vital Signs by quarter
| Quarter | Tier 1 leverage | ROA | Net interest margin | NPL ratio | Net charge-off ratio |
|---|---|---|---|---|---|
| Q4 2023 | 9.77% | 1.44% | 3.81% | 0.00% | 0.63% |
| Q1 2024 | 9.90% | 1.29% | 3.97% | 0.21% | -0.01% |
| Q2 2024 | 10.31% | 1.14% | 3.99% | 0.34% | 0.52% |
| Q3 2024 | 10.31% | 1.40% | 4.11% | 0.33% | 0.01% |
| Q4 2024 | 10.32% | 1.03% | 3.72% | 3.02% | 0.86% |
| Q1 2025 | 10.36% | 0.31% | 3.22% | 5.85% | 0.48% |
| Q2 2025 | 10.31% | -0.20% | 3.88% | 5.73% | 3.57% |
| Q3 2025 | 10.17% | 0.09% | 3.78% | 6.34% | 1.39% |
| Q4 2025 | 9.97% | -0.13% | 3.68% | 5.94% | 1.35% |
| Q1 2026 | 8.66% | -4.34% | 3.37% | 7.38% | 9.67% |
| Q2 2026 | 8.95% | -0.62% | 3.06% | 10.86% | -0.55% |
| Q3 2026 | 10.65% | -0.16% | 3.40% | 9.72% | 3.24% |
First Southern Bank vital signs, quarter by quarter
Vital Signs since Q3 2021 · peer percentiles on every line item · watchlist alerts
Unlock this bank, freeSource: Call Report Schedules RC, RC-N, RC-R and 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)