# FIRST SOUTHERN BANK
BOCA RATON, FL · FDIC certificate 27044 · asset band $1-10B · latest filing 2014-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (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 | $1.04B | |
| Deposits | $882.0M | |
| Loans and leases | $630.9M | |
| Total equity | $157.2M | |
| Loans / deposits | 70.27% (p31 of band) | 80.83% |
| Liquid assets / assets | 32.25% (p63 of band) | |
| Uninsured deposits / deposits | 19.99% (p42 of band) | 22.76% |
| Brokered deposits | 1.53% | |
| Wholesale funding | 1.53% (p15 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.42% (p90 of band) | 9.78% |
| Unrealized securities loss / equity | -2.77% (p19 of band) | -0.17% |
| AOCI / equity | 0.97% (p66 of band) | |
| ROA (annualized) | 0.77% (p38 of band) | 0.87% |
| Net interest margin | 3.58% (p57 of band) | 3.48% |
| Efficiency ratio | 99.21% (p98 of band) | |
| Noncurrent loans | 3.26% (p90 of band) | 1.07% |
| Net charge-offs (annualized) | -0.06% (p6 of band) | |
| Reserve coverage of noncurrent | 53.88% | |
| Real estate % of loans | 96% | |
| Construction % of loans | 20.52% (p35 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | 5.5% | |
| Employees | 179 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 5 | capital falling, losing money, expense ratio p90 |  |
| 2012-06 | 5 |  |  |
| 2012-09 | 5 |  |  |
| 2012-12 | 5 |  |  |
| 2013-03 | 3 |  | capital falling, losing money |
| 2013-06 | 4 | charge-offs p90 |  |
| 2013-09 | 4 | capital falling | charge-offs p90 |
| 2013-12 | 4 | uninsured deposits leaving | noncurrent p90 |
| 2014-03 | 3 |  | capital falling |

## 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
- 2025-12-08 [Community First Credit Union acquires First Southern Bank - Equipment Finance News](https://news.google.com/rss/articles/CBMitAFBVV95cUxQWGZ5MkZWTDBSSnZqYklPUVBvRVJ3bnVRaDJDcEpHWFdJSUl6eGk4NTJ5b3Q2dlBHRU5pT1VFR0JqUnRRTC1NbzU4ellFSS1Ga0dlSHpWcU9OQ3NNd3Rpal95VnN3S01zeGE4UnRNbnBPT0YyWGE3bE90Sm9sRHZDWlRVNE1ZM0s3OXhSWjlNY0w5OEJ3a1V1UGtzTUhXbXlJRjV5UG9mVnhWQ2t0RU1Nenl4M1Q?oc=5) · Equipment Finance News
- 2025-11-19 [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
- 2025-11-18 [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 of Florida announces deal to buy First Southern Bank - Jacksonville Daily Record](https://news.google.com/rss/articles/CBMiygFBVV95cUxPeXRyT0Q4Q29qVlFuUXAwOWhwUldUZlNsZXlKZlh4eWIzQnQzOHNjTWJWeUtfdHFWYjc2bU5FUWRYMmpZZm1FWnlnejVXaVJlS0lfTlV5d0Z4dnNmQUduXy1oTElBemctOG9pVFFwZnNBbGowb2ZxUVpGalRvUUtxV0owQjVKYzlmd2ZqREFpS3ZMV3VhZHNKbkR4YWx1UEVpUXJObGQwV3E4WHZINnI2RVZTVFh1alJjMEFoMWJXSFJBYTQ5R3Q0OVhR?oc=5) · Jacksonville Daily Record
- 2025-11-18 [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
- 2025-11-25 [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=27044 (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/36.json (key "27044", 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