# FIRST SOUTHERN NATIONAL BANK
STATESBORO, GA · FDIC certificate 57239 · asset band <$300M · latest filing 2011-06 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 9 (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 | $164.6M | |
| Deposits | $159.7M | |
| Loans and leases | $110.4M | |
| Total equity | $4.7M | |
| Loans / deposits | 65.32% (p37 of band) | 71.80% |
| Liquid assets / assets | 24.26% (p30 of band) | |
| Uninsured deposits / deposits | 8.57% (p54 of band) | 7.92% |
| Brokered deposits | 8.38% | |
| Wholesale funding | 8.38% (p76 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 2.71% (p1 of band) | 9.80% |
| Unrealized securities loss / equity | 2.05% (p44 of band) | 2.62% |
| AOCI / equity | -2.35% (p0 of band) | |
| ROA (annualized) | -2.14% (p4 of band) | 0.68% |
| Net interest margin | 3.67% (p40 of band) | 3.84% |
| Efficiency ratio | 112.73% (p93 of band) | |
| Noncurrent loans | 17.20% (p99 of band) | 1.53% |
| Net charge-offs (annualized) | 1.95% (p96 of band) | |
| Reserve coverage of noncurrent | 32.28% | |
| Real estate % of loans | 76% | |
| Construction % of loans | 335.77% (p99 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.07%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | – | |
| Employees | 32 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 9 | leverage <7%, leverage <5%, losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 9 |  |  |

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

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2011-08-19 [First Southern Bank shuttered - Statesboro Herald](https://news.google.com/rss/articles/CBMieEFVX3lxTE9UbTNaclpsM2NZOGdDb0E2dmcwWHB5NHFjRWlmVFRWNDMwcGgwMDdpdV9Tb09nZXNLaUt3VGlxbHBVNmlrb0VEVEVQbmxXeERoaGNXNDYxZXZVRnEzTnNVajgyRll0d2NfYXhFQm5vdFlhVUZRdVBnbQ?oc=5) · Statesboro Herald
- 2021-02-22 [First Southern National Bank (KY) Review | Review, Fees, Offerings - SmartAsset](https://news.google.com/rss/articles/CBMikgFBVV95cUxNQUtVZldlOEhOdVh5NkpubEg1YWZPVzVHOEVBWXhaZEk0UFg3bjRZUTlNY0J2LUpMOTVNWTl0MXdDWHNwTzF3UWlJeGF3N3VWQ3RDM1F0WlNtcTNkV1lycm5yX3E2V25PVjNsa0c4OUgzVWhaQXVIYUtXV2ZzX0x0WUh5eE9odWdjQ014Vk9PMUxvQQ?oc=5) · SmartAsset
- 2011-08-20 [HeritageBank takes over First Southern - Statesboro Herald](https://news.google.com/rss/articles/CBMihAFBVV95cUxOSExIU2dkNHNrTmQ4Z1dMRnVFdW9oZ2hyU2p6UTZnMUE0VUtHNGNUeXUyR2wyZmZZTmhnaVQ1REtXQ0g4N1ViT3ZOYXdPQjJYUkMtMjZ0dkd5SG8yV0ZNeTA2bWx5bThSOU5SMXJWUGVCRW5ZcnlldHA5YklPV2xfS1AyeVI?oc=5) · Statesboro Herald
- 2013-04-13 [Hudson Powell, Obituary - Statesboro, GA - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxQczlHTm8yUm9fWWstaEc3ajZUYnRCWU5rSWFmMG9CWjlycm5keUdZeXZBdTdodjBqbllfQmZCTGRMNTRneVpFODM1RnZaZU1NakVBdXdOUWxKYnlRVW5sR2lwUW1LRzUxODlsbFQ0aUpyU1dTU3Y5V284Tm13dTNCTGZHanQ?oc=5) · Dignity Memorial
- 2007-05-06 [First Southern National Bank announces 4 promotions - Statesboro Herald](https://news.google.com/rss/articles/CBMiogFBVV95cUxOUFNXMjBFZjd0ZnFYdUtuZXNKZ192N2NoQlZEbjRrLUZsdUJfdmtFejZBVGhnMU4zQUpXdWhyb1d1WDFxMmI5NGNYUEtpY1JUWlVSX1h6RFpwdVBDMWZDZzVtbWJNVWx4cUl6alN4amZQbkVSMFlBdDVOQm03VUw3ZC1ZQkpsYW40ajE3OXpkMjlKREVQaThzSHNFTEJQdUxfY1E?oc=5) · Statesboro Herald
- 2010-01-21 [Tommy David named 2010 Business Leader of the Year - Statesboro Herald](https://news.google.com/rss/articles/CBMilAFBVV95cUxPQXg3ZFlScHAyNkVBMlM0eXhLOGcxQThDV0U4STNsdnJwVGIyYmstSl9RWkNLWFMtUTRLUDk0cFRRNWhPb0lTbzFOWnp1Q0dtekJhd3RUazF1YndYcVhxdDJxbWdMbk5ORTVYWVh3VExsQ3F3RzdQYTF6OEZHa0pkWWNkdVNwZHd6bVFvcVBZN0I4ODYy?oc=5) · Statesboro Herald
- 2018-09-18 [Pacesetters help jump start United Way campaign - Statesboro Herald](https://news.google.com/rss/articles/CBMikAFBVV95cUxNSmYxbHZ6U0hVenJpZmdJN0xzdkdkWTFMdkp3LUFvT0Rfc3FEVnRnQWNxb3h3NEdXYWVwUmVpMkNWb0RMT3V1R3JMRTFmcDRkdVdMaWh2VXowUXIxTHlCVl9IWC1DNU53OHN1eDJJMUtCekx6SFBzaXpuSUhrOTBHNjJKY09mLXdpMVE4VVZyWlU?oc=5) · Statesboro Herald

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57239 (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/23.json (key "57239", 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