First Southern Bank (Columbia, MS)
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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 Columbia, MS, established in 1960 (FDIC certificate 31158), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $317.3M, down 4.1% from Q2 2025, the 39th largest of 57 banks headquartered in Mississippi. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.57% 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
- 31158
- Headquarters
- Columbia, MS
- Established
- 1960
- Total assets, Q2 2026
- $317.3M
- Assets vs Q2 2025
- -4.1%
- Tier 1 leverage ratio, Q2 2026
- 10.57%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 265370915
- Holding company
- FIRST FEDERAL BANCORP
- Asset rank in state
- 39th of 57 in Mississippi
First Southern Bank, based in Columbia, Mississippi, reported $317 million in assets at June 30, 2026, down 4.1% from a year earlier. It lost 10.1% of its deposits over the year, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 4.0%). It also pays an average of 1.04% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.00% of loans from 0.72%. Loans and deposits moved in opposite directions: over the year loans rose 0.1% and deposits fell 10.1%.
As of June 30, 2026, First Southern Bank reported a return on assets of 1.84%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.44%. The figures come from its call report filed with the FFIEC.
Of the 57 banks headquartered in Mississippi, First Southern Bank is the 39th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 2.7% to $317.3M, loans fell 2.6% and deposits rose 2.7%. 1-4 family residential loans made up 30.0% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 17.2%. The FDIC Summary of Deposits lists 6 offices for it, in 5 cities in MS; its Columbia 2 offices book 61% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Southern Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1075 Highway 98 Byp, Columbia, MS 39429
- County
- Marion
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- March 28, 1960
- Former names
- 1ST Federal Bank for Savings (1985-2006)
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 68
- Domestic deposits
- $271.4M
- Allowance for credit losses
- $2.0M
- Net charge-offs (YTD)
- $70K
- Average total assets
- $317.0M
- Average total loans
- $152.5M
- Average interest-bearing deposits
- $191.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 31158
- Fed RSSD
- 954671
- Website
- www.fsb-ms.com →
- Parent Holding Company
- FIRST FEDERAL BANCORP (RSSD 3394643)
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
Over the 12 quarters to Q2 2026, First Southern Bank's total assets ran between $247.6M (Q4 2023) and $330.9M (Q2 2025), 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
$317.3M total assets against $330.9M; $285.9M total liabilities against $302.9M.
$147.1M net loans and leases against $146.8M; $271.4M total deposits against $302.0M.
$104.6M securities against $75.9M; $46.7M cash and balances due against $89.8M.
$4.1M total interest income against $3.7M; $740K total interest expense against $607K.
$3.4M net interest income against $3.1M.
$527K total noninterest income against $470K; $2.4M total noninterest expense against $2.3M.
$20K provision for credit losses against $0.
$1.5M net income against $1.3M.
1.84% return on assets against 1.70%; 4.57% net interest margin against 4.45%.
10.57% tier 1 leverage ratio against 10.21%.
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 688 of 3,611, for ROA; its furthest is 2,997 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.69% (Q1 2025) to 2.08% (Q3 2025) and its net interest margin ran from 4.45% (Q2 2025) to 4.82% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.57% | 1.84% | 0.00% | 0.44% | 4.57% |
| Q1 2026 | 10.67% | 1.86% | 0.02% | 0.34% | 4.57% |
| Q4 2025 | 11.17% | 1.86% | 0.05% | 0.50% | 4.66% |
| Q3 2025 | 10.88% | 2.08% | 0.67% | 3.45% | 4.56% |
| Q2 2025 | 10.21% | 1.70% | 0.72% | 3.86% | 4.45% |
| Q1 2025 | 10.95% | 1.69% | 0.85% | 4.58% | 4.59% |
| Q4 2024 | 11.45% | 2.02% | 0.73% | 4.70% | 4.68% |
| Q3 2024 | 11.51% | 1.92% | 0.74% | 4.74% | 4.82% |
Swipe the table sideways to see every column.
Branch Network
View all 6 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) | Columbia , MS | 39429 | $154.0M |
| Picayune Branch | Picayune , MS | 39466 | $39.0M |
| Richton Branch | Richton , MS | 39476 | $31.6M |
| Petal Branch | Petal , MS | 39465 | $26.8M |
| Second Street Branch | Columbia , MS | 39429 | $11.0M |
| Oak Grove Branch | Hattiesburg , MS | 39402 | $9.1M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in MS, rank 46 of 80 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $833K approved, $833K average. 100.00% 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
- 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 $317.3 million in its FFIEC call report.
Where is First Southern Bank headquartered?
It is headquartered in Columbia, MS, United States.
When was First Southern Bank founded?
It was established in 1960, per the FDIC institution directory.
Is First Southern Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #31158). 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 6 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 0.44% 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 1ST Federal Bank for Savings (1985-2006), per FDIC structure-change records.
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