First Southern State Bank
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Data as of · sourced from FFIEC call reports. How we update
First Southern State Bank is an FDIC-insured commercial bank headquartered in Stevenson, AL, established in 1910 (FDIC certificate 2829), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $893.5M, up 4.5% from Q2 2025, the 20th largest of 93 banks headquartered in Alabama. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.59% 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
- 2829
- Headquarters
- Stevenson, AL
- Established
- 1910
- Total assets, Q2 2026
- $893.5M
- Assets vs Q2 2025
- +4.5%
- Tier 1 leverage ratio, Q2 2026
- 10.59%
- Domestic offices
- 11 FDIC institution directory, current count
- Routing number
- 062202477
- Latest call report
- Q2 2026, FFIEC 041 · First Southern State Bank call report
- Holding company
- FIRST BANCSHARES OF STEVENSON, INC.
- Asset rank in state
- 20th of 93 in Alabama
Little in First Southern State Bank's latest call report stands out. Based in Stevenson, Alabama, it had $893 million in assets at June 30, 2026, up 4.5% from a year earlier. On most measures it sits near the middle of the 2,660 banks with $100 million to $1 billion in assets.
Earnings jumped: net income for the quarter was $3.4 million, 34% above the same quarter a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $27 million equal 28% of Tier 1 capital, down from 38% a year earlier.
As of June 30, 2026, First Southern State Bank reported a return on assets of 1.47%, a nonperforming-loan ratio of 0.25% and a Texas ratio of 3.11%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Southern State Bank is the 20th largest of the 93 banks headquartered in Alabama. Between Q1 2026 and Q2 2026, its total assets rose 1.0% to $893.5M, loans rose 0.6% and deposits rose 0.9%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 34.2% of total loans, ahead of non-owner-occupied commercial real estate loans at 17.0%. The FDIC Summary of Deposits lists 11 offices for it, in 9 cities in AL; its Scottsboro 2 offices book 24% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Southern State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 80 Bank St, Stevenson, AL 35772
- County
- Jackson
- Metro Area
- Scottsboro, 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
- —
- Call Report form
- FFIEC 041
- Established
- October 1, 1910
- Former names
- First Southern National Bank (1996-2005)
- Domestic offices
- 11 FDIC institution directory, current count
- Employees (FTE)
- 138
- Domestic deposits
- $807.2M
- Allowance for credit losses
- $6.0M
- Net charge-offs (YTD)
- $286K
- Average total assets
- $916.9M
- Average total loans
- $497.7M
- Average interest-bearing deposits
- $741.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 2829
- Fed RSSD
- 246134
- Website
- www.fssbank.com →
- Parent Holding Company
- FIRST BANCSHARES OF STEVENSON, INC. (RSSD 1869987)
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 State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, First Southern State Bank's total assets ranged from $765.9M (Q3 2023) to $893.5M (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
$893.5M total assets against $855.0M; $813.4M total liabilities against $788.9M.
$495.0M net loans and leases against $469.2M; $807.2M total deposits against $782.4M.
$289.1M securities against $260.6M; $57.2M cash and balances due against $77.6M.
$11.8M total interest income against $10.8M; $3.7M total interest expense against $3.9M.
$8.1M net interest income against $6.9M.
$1.4M total noninterest income against $1.3M; $5.1M total noninterest expense against $4.8M.
$221K provision for credit losses against $200K.
$3.4M net income against $2.5M.
1.47% return on assets against 1.15%; 3.76% net interest margin against 3.44%.
10.59% tier 1 leverage ratio against 10.05%.
Inside the full First Southern State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Southern State Bank rankings
Its closest position to the top of a national ranking is 913 of 3,606, for efficiency ratio; its furthest is 1,831 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.87% (Q4 2024) to 1.47% (Q2 2026) and its net interest margin ran from 3.11% (Q3 2024) to 3.76% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.59% | 1.47% | 0.25% | 3.11% | 3.76% |
| Q1 2026 | 10.42% | 1.37% | 0.03% | 0.28% | 3.68% |
| Q4 2025 | 10.30% | 1.30% | 0.07% | 0.77% | 3.62% |
| Q3 2025 | 10.19% | 1.39% | 0.08% | 0.95% | 3.51% |
| Q2 2025 | 10.05% | 1.15% | 0.17% | 1.49% | 3.44% |
| Q1 2025 | 10.07% | 0.94% | 0.12% | 1.26% | 3.19% |
| Q4 2024 | 9.89% | 0.87% | 0.21% | 1.73% | 3.14% |
| Q3 2024 | 9.96% | 1.04% | 0.21% | 1.45% | 3.11% |
Swipe the table sideways to see every column.
Branch Network
View all 11 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 |
|---|---|---|---|
| Scottsboro Branch | Scottsboro , AL | 35769 | $171.1M |
| Centre Branch | Centre , AL | 35960 | $122.5M |
| Rainsville Branch | Rainsville , AL | 35986 | $110.8M |
| Albertville Branch | Albertville , AL | 35950 | $109.4M |
| First Southern State Bank (main office) | Stevenson , AL | 35772 | $107.3M |
| Fort Payne Branch | Fort Payne , AL | 35967 | $50.1M |
| Crossville Branch | Crossville , AL | 35962 | $44.8M |
| Higdon Branch | Bryant , AL | 35958 | $35.1M |
| Leesburg Branch | Leesburg , AL | 35983 | $22.9M |
| Scottsboro Downtown Branch | Scottsboro , AL | 35768 | $20.5M |
| Fort Payne Branch | Fort Payne , AL | 35968 | $12.7M |
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 |
|---|---|---|---|
| November 1, 2019 | Structure Change | Acquired Vantage Bank of Alabama Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 31, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 30, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 30, 2008 | Structure Change | Acquired Farmers and Merchants Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.6% of deposits in AL, rank 34 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $140K approved, $140K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2007 (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 State Bank
What are First Southern State Bank's total assets?
As of the Q2 2026 filing, First Southern State Bank reported total assets of $893.5 million in its FFIEC call report.
Where is First Southern State Bank headquartered?
It is headquartered in Stevenson, AL, United States.
When was First Southern State Bank founded?
It was established in 1910, per the FDIC institution directory.
Is First Southern State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #2829). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Southern State Bank?
First Southern State Bank's primary federal regulator is the FDIC.
How many branches does First Southern State Bank operate?
It operates 11 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 State Bank's Texas Ratio?
Its Texas Ratio is 3.11% 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 State Bank previously called?
The charter now named First Southern State Bank has also operated as First Southern National Bank (1996-2005), per FDIC structure-change records.
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