# FIRST SOUTHERN BANK
FLORENCE, AL · FDIC certificate 29332 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $679.2M | |
| Deposits | $577.1M | |
| Loans and leases | $466.9M | |
| Total equity | $59.7M | |
| Loans / deposits | 78.75% (p43 of band) | 82.04% |
| Liquid assets / assets | 29.98% (p64 of band) | |
| Uninsured deposits / deposits | 52.81% (p96 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 5.89% (p62 of band) | |
| FHLB advances / assets | 5.89% | |
| Tier 1 leverage | 8.95% (p12 of band) | 10.81% |
| Unrealized securities loss / equity | -1.68% (p82 of band) | -8.10% |
| AOCI / equity | -0.10% (p66 of band) | |
| ROA (annualized) | -2.50% (p0 of band) | 1.28% |
| Net interest margin | 3.25% (p18 of band) | 3.91% |
| Efficiency ratio | 67.76% (p68 of band) | |
| Noncurrent loans | 10.86% (p100 of band) | 0.43% |
| Net charge-offs (annualized) | 3.17% (p100 of band) | |
| Reserve coverage of noncurrent | 24.49% | |
| Real estate % of loans | 73% | |
| Construction % of loans | 50.11% (p56 of band) | |
| Auto loans | $1.3M (0.29% of loans; DQ 0.07%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 6.4% | |
| Employees | 105 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **losing money** (`earn_negative`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 0 |  | reserve under noncurrent |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | reserve under noncurrent |  |
| 2012-03 | 0 |  | reserve under noncurrent |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | reserve under noncurrent |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 0 |  | reserve under noncurrent |
| 2013-12 | 1 | charge-offs p90 |  |
| 2014-03 | 0 |  | charge-offs p90 |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 4 | capital falling, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2016-03 | 0 |  | capital falling, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | charge-offs p90 |  |
| 2017-06 | 0 |  | charge-offs p90 |
| 2017-09 | 1 | charge-offs p90 |  |
| 2017-12 | 2 | capital falling |  |
| 2018-03 | 0 |  | charge-offs p90, capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | capital falling |  |
| 2019-03 | 0 |  | capital falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | capital falling |  |
| 2020-03 | 0 |  | capital falling |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | loans exceed deposits |  |
| 2020-12 | 0 |  | loans exceed deposits |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 2 | loans exceed deposits, construction >100% equity |  |
| 2022-12 | 2 | capital falling | loans exceed deposits |
| 2023-03 | 1 |  | capital falling |
| 2023-06 | 1 | charge-offs p90 | construction >100% equity |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | capital falling |  |
| 2024-03 | 0 |  | charge-offs p90, capital falling |
| 2024-06 | 2 | loans exceed deposits, charge-offs p90 |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 3 | noncurrent p90, reserve under noncurrent | loans exceed deposits |
| 2025-03 | 3 |  |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 4 | capital falling |  |
| 2025-12 | 5 | uninsured deposits >50% |  |
| 2026-03 | 6 | losing money |  |
| 2026-06 | 5 |  | capital falling |

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

- 2024-09-25 [First Southern Bank Homegrown Series: Mary Anna Trimble - University of North Alabama Athletics](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPWmJEajlGNEViVll6VnppanNPWDBRWGFFMFhRSFdOSXFpdm5QMDQ0T0FqSW05bjZweFIzU0ZFdWkyY0JRNW11LXhoZ0FNS01sNEgtVXhmcWc3NmVPbkZJMjQ0NTZvRFBWMmowbkp0cDkzZmF5V0xFVW5ZbS11aUJqM2tUSlk5YUVKck8zTzE4QnFtUmxLWXlfSXBpZGlqbEc5RVVOWGZoUjlnUmhxVEFLTzVOZlpvcFZ0?oc=5) · University of North Alabama Athletics
- 2025-05-16 [First Southern Bank Opens in Historic Downtown Clermont - South Lake Tablet](https://news.google.com/rss/articles/CBMikgFBVV95cUxPcjVvMUhFdU11Q3RWWGVLRl9nQkkta1NsTWdGNUwwQTAzWDE0VklNUTRjUVN4VjBPN0w1c25KcDg0bUlPRE4xMkRlakZUYlBqMjU4eTJlbnZ5RklobmlLWEF4QmdwZlZGZHFPbkdYTVdUTnlGc1hENzN2RGJVVGdfQnUyRndWTUZYc19QUXpIYThzdw?oc=5) · South Lake Tablet
- 2022-02-23 [UNA HONORS DENNIS MORGAN AND FIRST SOUTHERN BANK - University of North Alabama Athletics](https://news.google.com/rss/articles/CBMinwFBVV95cUxNa1lsZDVMVmUxUlFyQW83Yno0bkhKUVpLWFlZR29aVkZ3M2dNWE5mdjBGcnNtZkhGZE12RXpCQk5FY3pSanNBQUk0ZjMyOFV0dzBscEVNNlJhMDVpcFFLUTd4Z0htZEl1ZEtTNlI5WWxFN2hrZWlSSmgyMUJsTGRfMGFoSkpTYW9hU0ktQldEbXpKZVhQNUU2VG9GVDhkN1E?oc=5) · University of North Alabama Athletics
- 2025-08-14 [Scott DesJarlais Net Worth - Quiver Quantitative](https://news.google.com/rss/articles/CBMilgFBVV95cUxPSHh5X1pDWlp2d1YtUXVFUk5HZTM3Nnk3eXQydGUwVk9xeTExRHZhWFZRUUlKR0pCanY4VlBLUnJaMFJLT0RhRDBSUlA5T2N6ZVRyX1J2dnN1N01MWkhudUdjNnFIbmRKQ0s2US1LZWlndGVVcUxUR3BEOURIbnpsYUdFUHdlRG5IQ0pIeUZuS3Z3TTRpTVE?oc=5) · Quiver Quantitative
- 2023-09-27 [First Southern Bank Homegrown Series: Grant Wisdom - University of North Alabama Athletics](https://news.google.com/rss/articles/CBMitwFBVV95cUxNRlhtOTE2bklZZV9lRm9VS010LWFOUG1Lb21WdHlTMjBsYXdQS1otTW1oYlc5TXpOTDVCb21xRHJPZ0lRMWxzZjI1bFljZjBwWFJGR01nbHA2TDctVm4wYWQwbS10czRSUVF5dlRtM2V2Qnl3Nm1MUTVDaDZObXg4V2pqS0dIU3paR2I1a19BRGdCT1MwTHdRajlfS0VLT2poWGtSU0xGWl9qbWlQWV9SV1NFTFFkeFE?oc=5) · University of North Alabama Athletics
- 2024-08-28 [First Southern Bank Homegrown Series: Jackson Bratton - University of North Alabama Athletics](https://news.google.com/rss/articles/CBMipgFBVV95cUxNM0x6aDF6eDA0eElKaVJYT3RMTEF2Z0l6NUhSWFIwVzJoT1FLRWZyRmg2MWVHaFFDd1RmNVZvY3NJbmRrQ3hJOUhGY1lZRFVMZ3l5WTJHVzk1TjlaTXIzR1FpOTNDNnR0RmhndTd4N1N6OWY1MzM4VzFReFM4WnFkQlVwSTNRbUY5ZzJaTWdqdFB3OGJ4ZjlOT2cxYURCcEI0WVVkVjFB?oc=5) · University of North Alabama Athletics
- 2023-10-25 [First Southern Bank Homegrown Series: Olivia Patterson - University of North Alabama Athletics](https://news.google.com/rss/articles/CBMirwFBVV95cUxNV0FneGV5ZkJ2NlVBNy02TFp0d25zcVA5aFBqZmtteUlQVXdpVnZGQU1uaDZBb1RnNWVWeUw3WEJNUWl1Q2d3MWZDLUpQbkEycDhjSDFFT2M2SV9vLTJ5NE8xdklZWFg4dXcwRmx1OHYzclRKWklQcHM5Y0pHdGpCdHU5TGJJbWFsdFphRlplWnVmWk1TVmRJM2M2WVluRlRxQzZRZzFsNHptOW05T1dN?oc=5) · University of North Alabama Athletics
- 2024-12-01 [First Southern Bank Homegrown Series: Mitchell Chaffee - University of North Alabama Athletics](https://news.google.com/rss/articles/CBMisAFBVV95cUxPRW5wbk1LbHM1bzdGdWlyTF8wVHJ3T2J1eVZRNmNEVEdFZkN4SjdVOU0tVUhTOVE1amRWWkFUT29UUTB4T1JfWW1KUjBkdVpUT2QtVDFFa00yd3RuRWZHVWljbFZENWhkb0MtRVlSUDI0LUlaM3BTZFhTWm9HOUtfZERUanFCQ0tIWmUxdkpxXzZTRWJ3NWxzQjUxdHI1VWE1Z3Fma0pIU2JjUDRWUjVFTw?oc=5) · University of North Alabama Athletics

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29332 (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/20.json (key "29332", 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