# FIRST BANK OF THE SOUTH
RAINSVILLE, AL · FDIC certificate 24307 · asset band <$300M · latest filing 2016-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $81.0M | |
| Deposits | $73.6M | |
| Loans and leases | $38.5M | |
| Total equity | $6.8M | |
| Loans / deposits | 51.66% (p18 of band) | 74.58% |
| Liquid assets / assets | 45.49% (p74 of band) | |
| Uninsured deposits / deposits | 13.16% (p46 of band) | 14.02% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 7.78% (p4 of band) | 10.79% |
| Unrealized securities loss / equity | 7.46% (p88 of band) | 2.02% |
| AOCI / equity | 4.71% (p92 of band) | |
| ROA (annualized) | -3.01% (p1 of band) | 0.86% |
| Net interest margin | 3.62% (p48 of band) | 3.65% |
| Efficiency ratio | 228.33% (p100 of band) | |
| Noncurrent loans | 2.29% (p85 of band) | 0.67% |
| Net charge-offs (annualized) | -0.01% (p17 of band) | |
| Reserve coverage of noncurrent | 48.98% | |
| Real estate % of loans | 75% | |
| Construction % of loans | 40.85% (p75 of band) | |
| Auto loans | $1.3M (3.47% of loans; DQ 1.65%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -1.8% | |
| Employees | 23 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 | capital falling | reserve under noncurrent |
| 2011-12 | 0 |  | capital falling |
| 2012-03 | 3 | charge-offs p90, reserve under noncurrent, uninsured deposits leaving |  |
| 2012-06 | 3 | deposits shrinking, assets shrinking | charge-offs p90, uninsured deposits leaving |
| 2012-09 | 2 |  | assets shrinking |
| 2012-12 | 1 |  | deposits shrinking |
| 2013-03 | 0 |  | reserve under noncurrent |
| 2013-06 | 1 | reserve under noncurrent |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | noncurrent p90 |  |
| 2014-03 | 3 | uninsured deposits leaving |  |
| 2014-06 | 2 |  | uninsured deposits leaving |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 3 | capital falling |  |
| 2015-06 | 2 |  | capital falling |
| 2015-09 | 2 |  |  |
| 2015-12 | 3 | expense ratio p90 |  |
| 2016-03 | 4 | losing money, deposits shrinking | noncurrent p90 |
| 2016-06 | 4 | capital falling | deposits shrinking |

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

- 2016-05-19 [Savannah’s Story: Strong community support takes a Rainsville teen from her life changing car accident to graduation - WHNT.com](https://news.google.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?oc=5) · WHNT.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=24307 (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/51.json (key "24307", 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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