# FIRST SOUTHERN BANK
WAYCROSS, GA · FDIC certificate 10055 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $347.2M | |
| Deposits | $312.9M | |
| Loans and leases | $226.5M | |
| Total equity | $32.7M | |
| Loans / deposits | 71.74% (p28 of band) | 82.04% |
| Liquid assets / assets | 29.77% (p63 of band) | |
| Uninsured deposits / deposits | 38.59% (p85 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p11 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.92% (p53 of band) | 10.81% |
| Unrealized securities loss / equity | -26.32% (p15 of band) | -8.10% |
| AOCI / equity | 0.56% (p92 of band) | |
| ROA (annualized) | 0.94% (p29 of band) | 1.28% |
| Net interest margin | 4.50% (p82 of band) | 3.91% |
| Efficiency ratio | 72.90% (p79 of band) | |
| Noncurrent loans | 0.01% (p12 of band) | 0.43% |
| Net charge-offs (annualized) | 0.03% (p69 of band) | |
| Reserve coverage of noncurrent | 7742.31% | |
| Real estate % of loans | 87% | |
| Construction % of loans | 98.22% (p86 of band) | |
| Auto loans | $932,000 (0.41% of loans; DQ 0.21%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 4.2% | |
| Employees | 60 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 8 | leverage <7%, leverage <5%, losing money, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 9 | expense ratio p90 |  |
| 2011-09 | 9 |  |  |
| 2011-12 | 9 |  |  |
| 2012-03 | 11 | capital falling, deposits shrinking, assets shrinking | expense ratio p90 |
| 2012-06 | 10 |  | capital falling |
| 2012-09 | 10 |  |  |
| 2012-12 | 10 |  |  |
| 2013-03 | 9 |  | losing money |
| 2013-06 | 6 |  | leverage <5%, charge-offs p90 |
| 2013-09 | 7 | losing money |  |
| 2013-12 | 8 | charge-offs p90 |  |
| 2014-03 | 7 | uninsured deposits leaving | losing money, charge-offs p90 |
| 2014-06 | 6 |  | uninsured deposits leaving |
| 2014-09 | 10 | losing money, expense ratio p90, charge-offs p90, uninsured deposits leaving |  |
| 2014-12 | 9 |  | losing money |
| 2015-03 | 7 | losing money | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2015-06 | 8 | capital falling |  |
| 2015-09 | 7 |  | capital falling |
| 2015-12 | 7 |  |  |
| 2016-03 | 4 |  | expense ratio p90, charge-offs p90, losing money |
| 2016-06 | 9 | leverage <5%, capital falling, losing money, expense ratio p90 |  |
| 2016-09 | 8 |  | capital falling |
| 2016-12 | 8 |  |  |
| 2017-03 | 5 |  | noncurrent p90, losing money, expense ratio p90 |
| 2017-06 | 5 |  |  |
| 2017-09 | 8 | losing money, expense ratio p90, noncurrent p90 |  |
| 2017-12 | 9 | capital falling |  |
| 2018-03 | 6 | charge-offs p90 | losing money, expense ratio p90, noncurrent p90, capital falling |
| 2018-06 | 6 |  |  |
| 2018-09 | 7 | expense ratio p90 |  |
| 2018-12 | 6 |  | reserve under noncurrent |
| 2019-03 | 2 | losing money | leverage <7%, construction >100% equity, leverage <5%, charge-offs p90 |
| 2019-06 | 3 | charge-offs p90 |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 | capital falling | charge-offs p90 |
| 2020-06 | 3 |  |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 2 |  | losing money |
| 2021-03 | 1 |  | expense ratio p90 |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | leverage <7% |  |
| 2022-03 | 5 | AOCI drag >20% of equity, securities losses >30% of equity, expense ratio p90 |  |
| 2022-06 | 5 |  |  |
| 2022-09 | 2 |  | capital falling, leverage <7%, AOCI drag >20% of equity |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 | deposits shrinking | expense ratio p90 |
| 2023-06 | 2 |  |  |
| 2023-09 | 1 |  | deposits shrinking |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 3 | noncurrent p90, reserve under noncurrent |  |
| 2024-09 | 0 |  | securities losses >30% of equity, noncurrent p90, reserve under noncurrent |
| 2024-12 | 1 | securities losses >30% of equity |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 0 |  | securities losses >30% of equity |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-11-19 [Florida credit union to buy Georgia bank - Banking Dive](https://news.google.com/rss/articles/CBMihAFBVV95cUxQZTNDNkZLY2FXVC1nOHV2UHVIMVZSYjA3TDE5RnFlVWFzd1ZtdFJQY1Z6X0dZMF9QNlNjWjhUSzJVeG9BalI0SXVDTXQ5Z215bVB1Ym9zX2lnNXVHc2NLbkpGako4YjJ1Q0YzZWpzMl9oYWFNUU9XV1lRS1FlVW9xUTlHdS0?oc=5) · Banking Dive
- 2025-11-19 [Community First Credit Union to Acquire Substantially All Assets of First Southern Bank - ABF Journal](https://news.google.com/rss/articles/CBMitgFBVV95cUxQQWxzbmJWNnJma1Q5ekhVN3JkX1JUd1hiT2N6c0kxdDVuSU1UcXhxeTdOcHc1M0tKMzM1aXhpOWpxci1SLUdWX2VyUXBkV0J2emo3bTNQblJ0b0pvdFhFdHZTRnhtanRJUmVpY2JTeGhNSFlCbF9QNmh5MGxMYVlCR3ZxblRQeVNBV21OemNvSUM4SjlWN0c3alp3Z1o5Qk5ETjZ1WUV4eWowWHFEQnJVcWd0TzJpUQ?oc=5) · ABF Journal
- 2025-12-08 [Community First Credit Union acquires First Southern Bank - Equipment Finance News](https://news.google.com/rss/articles/CBMitAFBVV95cUxQWGZ5MkZWTDBSSnZqYklPUVBvRVJ3bnVRaDJDcEpHWFdJSUl6eGk4NTJ5b3Q2dlBHRU5pT1VFR0JqUnRRTC1NbzU4ellFSS1Ga0dlSHpWcU9OQ3NNd3Rpal95VnN3S01zeGE4UnRNbnBPT0YyWGE3bE90Sm9sRHZDWlRVNE1ZM0s3OXhSWjlNY0w5OEJ3a1V1UGtzTUhXbXlJRjV5UG9mVnhWQ2t0RU1Nenl4M1Q?oc=5) · Equipment Finance News
- 2025-11-18 [Community First CU Of Florida To Acquire Georgia’s First Southern Bank In Second CU–Bank Deal This Week - cutoday.info](https://news.google.com/rss/articles/CBMi1wFBVV95cUxOSFlyLU9WMHlmd3dmZWVQY3hCbjhMOW03bEt1VzNSMUFqajNXbVFTOEZOUExLcjMzUkcyUjFwMEU2UU9Bb3BMTHFsS2QwLUx6TTRGLTdqeFRHS1FLVG1jc0NvaWZhTTJLVTFoaDVHcXh1OHlNbjAySXNXY0IxR3UtMEpNZnc3bHJtMW5UVUJsZEdCbEVKUnU1MElHNDNTNlRyRnZQbE43ZVJCSERDdENfYmV3UEpqMkFIS2w5bXgtV2dGZXZlVGpjZldESlJNT2NYX1hJdzFBaw?oc=5) · cutoday.info
- 2025-11-18 [Community First Credit Union to acquire Georgia-based First Southern Bank in first bank deal - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxQck8yUHR1UHc5V2VPYWtDODZLS2lOeXE0UGpQMEVaZW5MMXd2Sk0tcGdSX1IzUUJPNGVPZkctUnNsQmpoVnNObDFZR3VUV2c0SXNRTTZLY0ZlanlxaXdsN0t4cFVQcjlHRWFSbEp3SVNzQ3dqYXR0RTVrc1lDaFpsVjU3R2RCemRNREZwdTNFOFZVaVFWd1J4bzZYakdpVEIy?oc=5) · The Business Journals
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-11-18 [Community First Credit Union of Florida announces deal to buy First Southern Bank - Jacksonville Daily Record](https://news.google.com/rss/articles/CBMiygFBVV95cUxPeXRyT0Q4Q29qVlFuUXAwOWhwUldUZlNsZXlKZlh4eWIzQnQzOHNjTWJWeUtfdHFWYjc2bU5FUWRYMmpZZm1FWnlnejVXaVJlS0lfTlV5d0Z4dnNmQUduXy1oTElBemctOG9pVFFwZnNBbGowb2ZxUVpGalRvUUtxV0owQjVKYzlmd2ZqREFpS3ZMV3VhZHNKbkR4YWx1UEVpUXJObGQwV3E4WHZINnI2RVZTVFh1alJjMEFoMWJXSFJBYTQ5R3Q0OVhR?oc=5) · Jacksonville Daily Record
- 2025-11-25 [First Southern Bank to be acquired by Community First Credit Union of Florida - theblacksheartimes.com](https://news.google.com/rss/articles/CBMiwwFBVV95cUxNZWNYNVpXQ05xQlZiM1NzdDd6enppVUFaZ2tCQXdUQl9YUmpMS3RmSTVsaExwdUx5RXVUdnVGRFdERjJadmtjUW4tZGo5QW5SNDBIRjF4UnE1NVpTMk0zNl9ZQVRJdFlrM3RITU9oTjFnZGxMNWtaNWpZVjBPc3IxQ3JaZ3Z6Um9XQ0ZIZVVHT3pQMW8yaG9hdUU5UjNNSHh3ZE0ydXVXdmpXRUphRjA0QlNEaXZPQXJ0eXp6d2V0Q3dsYUU?oc=5) · theblacksheartimes.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10055 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/7.json (key "10055", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide