First State Bank of the South, Inc.
Also written as FSB of the South
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Data as of · sourced from FFIEC call reports. How we update
First State Bank of the South, Inc. is an FDIC-insured commercial bank headquartered in Sulligent, AL, established in 1973 (FDIC certificate 21050), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $130.7M, down 0.4% from Q2 2025, the 75th largest of 93 banks headquartered in Alabama. It reports no CET1 ratio; its Tier 1 leverage ratio was 16.38% 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
- 21050
- Headquarters
- Sulligent, AL
- Established
- 1973
- Total assets, Q2 2026
- $130.7M
- Assets vs Q2 2025
- -0.4%
- Tier 1 leverage ratio, Q2 2026
- 16.38%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 062202257
- Latest call report
- Q2 2026, FFIEC 051 · First State Bank of the South, Inc. call report
- Holding company
- FIRST STATE HOLDING CORP.
- Asset rank in state
- 75th of 93 in Alabama
First State Bank of the South, Inc. carries far more capital than most banks of its size. Its balance sheet stood at $131 million at June 30, 2026; it is based in Sulligent, Alabama. It funds 16.38% of its assets with Tier 1 capital, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). It also shrank its loan book 2.1% over the year, lower than about three-quarters of banks its size (median 5.5%).
Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.24% of loans, down from 0.35% a year earlier. Profitability lags: it returns 6.7% a year on shareholders' equity, about half the median of 12.5% for banks its size.
As of June 30, 2026, First State Bank of the South, Inc. reported a return on assets of 1.01%, a nonperforming-loan ratio of 0.24% and a Texas ratio of 5.98%. The figures come from its call report filed with the FFIEC.
First State Bank of the South, Inc. ranks as the 75th largest of the 93 banks based in Alabama, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.0% to $130.7M, loans fell 6.5% and deposits rose 0.9%. 1-4 family residential loans made up 38.7% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 18.6%. The FDIC Summary of Deposits lists 5 offices for it, in 5 cities in AL; its Sulligent office books 40% of its branch deposits. On its Q2 2026 call report, First State Bank of the South, Inc. meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 5856 Highway 278, Sulligent, AL 35586
- County
- Lamar
- 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 051
- Established
- April 20, 1973
- Former names
- First State Bank of Lamar County (1976-2003)
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 35
- Domestic deposits
- $109.2M
- Allowance for credit losses
- $653K
- Net charge-offs (YTD)
- -$3K
- Average total assets
- $130.5M
- Average total loans
- $58.7M
- Average interest-bearing deposits
- $80.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 20, 1973
- FDIC Cert
- 21050
- Fed RSSD
- 250430
- Website
- WWW.FIRSTSTATEBANKSOUTH.COM →
- Parent Holding Company
- FIRST STATE HOLDING CORP. (RSSD 1132289)
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 State Bank of the South, Inc. 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 State Bank of the South, Inc.'s total assets ran between $120.0M (Q3 2023) and $133.7M (Q1 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
$130.7M total assets against $131.3M; $110.9M total liabilities against $112.9M.
$56.5M net loans and leases against $57.8M; $109.2M total deposits against $108.6M.
$50.5M securities against $49.6M; $13.2M cash and balances due against $13.3M.
$1.6M total interest income against $1.7M; $481K total interest expense against $566K.
$1.1M net interest income against $1.1M.
$160K total noninterest income against $170K; $883K total noninterest expense against $878K.
$10K provision for credit losses against $0.
$329K net income against $303K.
1.01% return on assets against 0.92%; 3.95% net interest margin against 3.74%.
16.38% tier 1 leverage ratio against 15.57%.
Inside the full First State Bank of the South, Inc. terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst State Bank of the South, Inc. rankings
Its closest position to the top of a national ranking is 1,124 of 3,640, for Texas Ratio; its furthest is 3,443 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.92% (Q3 2024) to 1.32% (Q3 2025) and its net interest margin ran from 3.72% (Q4 2024) to 4.05% (Q1 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.38% | 1.01% | 0.24% | 5.98% | 3.95% |
| Q1 2026 | 16.33% | 1.09% | 0.52% | 6.95% | 4.05% |
| Q4 2025 | 15.90% | 1.09% | 1.13% | 6.38% | 4.04% |
| Q3 2025 | 16.39% | 1.32% | 0.37% | 3.61% | 3.97% |
| Q2 2025 | 15.57% | 0.92% | 0.35% | 3.46% | 3.74% |
| Q1 2025 | 15.99% | 0.96% | 0.64% | 4.54% | 3.80% |
| Q4 2024 | 15.86% | 0.93% | 0.84% | 3.14% | 3.72% |
| Q3 2024 | 16.43% | 0.92% | 1.48% | 5.28% | 3.76% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 State Bank of the South, Inc. (main office) | Sulligent , AL | 35586 | $43.1M |
| Hamilton Branch | Hamilton , AL | 35570 | $20.2M |
| Northport Branch | Northport , AL | 35476 | $18.1M |
| Winfield Branch | Winfield , AL | 35594 | $15.8M |
| Athens Branch | Athens , AL | 35611 | $11.9M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in AL, rank 102 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $422K approved, $422K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2016 (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 State Bank of the South, Inc.
What are First State Bank of the South, Inc.'s total assets?
As of the Q2 2026 filing, First State Bank of the South, Inc. reported total assets of $130.7 million in its FFIEC call report.
Where is First State Bank of the South, Inc. headquartered?
It is headquartered in Sulligent, AL, United States.
When was First State Bank of the South, Inc. founded?
It was established in 1973, per the FDIC institution directory.
Is First State Bank of the South, Inc. FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #21050). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First State Bank of the South, Inc.?
First State Bank of the South, Inc.'s primary federal regulator is the FDIC.
How many branches does First State Bank of the South, Inc. operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First State Bank of the South, Inc.'s Texas Ratio?
Its Texas Ratio is 5.98% 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 State Bank of the South, Inc. previously called?
The charter now named First State Bank of the South, Inc. has also operated as First State Bank of Lamar County (1976-2003), per FDIC structure-change records.
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