# FIRST SOUTHERN STATE BANK
STEVENSON, AL · FDIC certificate 2829 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 1 (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 | $893.5M | |
| Deposits | $807.2M | |
| Loans and leases | $501.1M | |
| Total equity | $80.1M | |
| Loans / deposits | 61.33% (p14 of band) | 82.04% |
| Liquid assets / assets | 38.76% (p81 of band) | |
| Uninsured deposits / deposits | 31.92% (p72 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p11 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.59% (p47 of band) | 10.81% |
| Unrealized securities loss / equity | -33.38% (p10 of band) | -8.10% |
| AOCI / equity | -1.68% (p11 of band) | |
| ROA (annualized) | 1.46% (p62 of band) | 1.28% |
| Net interest margin | 3.80% (p43 of band) | 3.91% |
| Efficiency ratio | 53.02% (p25 of band) | |
| Noncurrent loans | 0.25% (p37 of band) | 0.43% |
| Net charge-offs (annualized) | 0.06% (p79 of band) | |
| Reserve coverage of noncurrent | 492.27% | |
| Real estate % of loans | 78% | |
| Construction % of loans | 61.93% (p66 of band) | |
| Auto loans | $12.4M (2.48% of loans; DQ 2.87%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 3.2% | |
| Employees | 138 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 2 | charge-offs p90 |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 0 |  | reserve under noncurrent, charge-offs p90 |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | capital falling |  |
| 2012-09 | 0 |  | capital falling |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | capital falling |  |
| 2013-06 | 0 |  | capital falling |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 0 |  | capital falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | capital falling |  |
| 2019-06 | 0 |  | capital falling |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity |
| 2023-06 | 1 |  |  |
| 2023-09 | 2 | construction >100% equity |  |
| 2023-12 | 1 |  | construction >100% equity |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |
| 2026-06 | 1 |  |  |

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

- 2024-09-14 [McWilliams joins First Southern State Bank - Jackson County Sentinel](https://news.google.com/rss/articles/CBMigwFBVV95cUxNNGVzODdqSFNwRWJZZ2FFbWJhcUFITFJYRG9KRjRBMWxnaGNESGxTYTJtdm05bHR1SHhxTlVFMWZOUk1INDZ6QmpSTDk4dFNwb1U0b0g4dmV3XzlfWm0wSlFiU0Z5T0lWQlhkYWFlTFA4b1lYVDJMOGc4YlJOQUVfRnZQSQ?oc=5) · Jackson County Sentinel
- 2024-06-05 [John Jordan joins First Southern State Bank - sandmountainreporter.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxNV3JNcFQ1NVVVYmtFTkdTaDRDNjZhWmt4Q1hNeXg3VEJ3cUpQVG9vRXc2V3huNTAxQUY0NFNVNEN0c21lOWFTeXd4WTdrNV9fY0wyb0lNWFNoMURSMV9OT3NacWl0Z0hreXhzWUFZR3BXMkNtV0djOTF6M05rT2g4SUFnc2o1V2hKdzJvcFNUZTVVa0FCZUE?oc=5) · sandmountainreporter.com
- 2021-10-21 [Rising Stars in Alabama banking - Business Alabama Magazine](https://news.google.com/rss/articles/CBMibEFVX3lxTE5YTGNkQkJLUHNxVlZwdXpGV2FCLWlJUFV0RExIUEh4YndWNGo3OVYxekhUTmtBUXFvdkxmcXNYcWZRSDM0WVRVVlllaHNDZi1yXzlSNm5NMUhKUExpOUh6T3JCUmJIYzFhS09NUw?oc=5) · Business Alabama Magazine
- 2024-02-24 [Four promoted at First Southern State Bank - Jackson County Sentinel](https://news.google.com/rss/articles/CBMigwFBVV95cUxPbG5HVVZleHoxZFhYbEptZDNkR3FCTHN5dXdMMDJMekJQR2NhN09iRS1MX3RIalI0VHJLTEdmTGlpYkItY21zS0xWN3M1c2NqeG1WXzJkQ2Eyd3ZWZ19iOGFQa0JLdGd5UmtCOHk3eGJjQURLc243ZU91WlZ4Z2ljd3hxbw?oc=5) · Jackson County Sentinel
- 2025-08-14 [Scott DesJarlais Net Worth - Quiver Quantitative](https://news.google.com/rss/articles/CBMilgFBVV95cUxPSHh5X1pDWlp2d1YtUXVFUk5HZTM3Nnk3eXQydGUwVk9xeTExRHZhWFZRUUlKR0pCanY4VlBLUnJaMFJLT0RhRDBSUlA5T2N6ZVRyX1J2dnN1N01MWkhudUdjNnFIbmRKQ0s2US1LZWlndGVVcUxUR3BEOURIbnpsYUdFUHdlRG5IQ0pIeUZuS3Z3TTRpTVE?oc=5) · Quiver Quantitative
- 2025-03-12 [Vandiver joins First Southern State Bank - sandmountainreporter.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxPcktjdXowSzNnRmloVFpXY0l2YmFIQVIzdG9uVEE3Vk9uWUlib0JnWWhPOUZfdzYxWTlWYWZmdEJIWGJzWUQ3ZjVBeU5fdVo4QlhfU1dqYnl0eERjbG0tNUx3ek04bHV3OERqYU52eHFnWXh3NFN2ek13S2tZQWFfbjY4ckxLTDJYMFVhWEpkd2U5X1N1T3c?oc=5) · sandmountainreporter.com
- 2025-05-21 [Google Wallet adds a whopping 36 new banks and credit unions in the US - androidpolice.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxOUHlHWEtUM09hRnNKOFF5U2JBQzdqN2ZvYXN4N0JXS1lXM09mVjMwTFhRU3AyYVNNR1M0Nm5QWWdjSXExbWd1ekZud1B1bVdTQVpaTGhBb01sZEVoMnhERmN6cTl2YlJzVlJaX3BPNXpJNk5hRm5HN094TGJReUZ6M3Q1ek5PU01F?oc=5) · androidpolice.com
- 2023-11-09 [20 honored as Rising Stars of Banking 2023 - Business Alabama Magazine](https://news.google.com/rss/articles/CBMie0FVX3lxTE96VVlQaEdaZkF2SGRtZk9GbGdBT3pjcjQzajVMQWx6d0Znbld3UUZzSE9aUEFVaS1zY0NlTl9NcV9fb1RYUVo4OG5lV0kyaXRwSUxPTDN3Sm42SjVYa050VWMzYlJ3UFFOMmlUQkMweHdFR3Q1a2tfaUtEZw?oc=5) · Business Alabama Magazine

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=2829 (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/13.json (key "2829", 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