# FIRST SOUTH BANK
JACKSON, TN · FDIC certificate 9170 · asset band $300M-1B · latest filing 2017-06 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 2 (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 | $483.9M | |
| Deposits | $386.1M | |
| Loans and leases | $253.6M | |
| Total equity | $74.9M | |
| Loans / deposits | 65.68% (p18 of band) | 84.48% |
| Liquid assets / assets | 34.89% (p75 of band) | |
| Uninsured deposits / deposits | 25.28% (p66 of band) | 20.77% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.05% (p39 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.16% (p23 of band) | 10.22% |
| Unrealized securities loss / equity | -0.15% (p32 of band) | 0.17% |
| AOCI / equity | 2.26% (p79 of band) | |
| ROA (annualized) | 0.45% (p10 of band) | 0.94% |
| Net interest margin | 1.03% (p1 of band) | 3.62% |
| Efficiency ratio | 47.60% (p7 of band) | |
| Noncurrent loans | 1.29% (p78 of band) | 0.60% |
| Net charge-offs (annualized) | 0.00% (p33 of band) | |
| Reserve coverage of noncurrent | 0.00% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 21.29% (p29 of band) | |
| Auto loans | $1.9M (0.74% of loans; DQ 0.80%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 1.8% | |
| Employees | 106 | |

## Flags firing in the latest filing

- **NIM <2.5%** (`earn_nim`)
- **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 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | reserve under noncurrent |  |
| 2013-06 | 0 |  | reserve under noncurrent |
| 2013-09 | 1 | reserve under noncurrent |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 0 |  | reserve under noncurrent |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 2 | NIM <2.5%, reserve under noncurrent |  |

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

- 2016-11-18 [First South Bank purchased by SImmons Bank - jacksonsun.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxQNWxSVWhCSzNLNWtqZU1QbUpqQ3Q5WnFDNGxnZ09HaW9uXzRNdHJMTlJ4SXhSQVFlQ3hFU2c3Z0dhWlh2eXVoaC02X0UwQUJDTW8zM3NrcmdKcWJ1MkR5UW9kN25XaXZKU0FBaXhVelZzWHFWWi12WkFmbzYxd2RKaHg3TnpraFlHNlhLdmJ2WDZZSWRpeS1nTWdmSG1XNUpuY2g2UUt2cUs3LUtF?oc=5) · jacksonsun.com
- 2017-05-15 [Simmons completes acquisition of Tenn. bank - Pine Bluff Commercial](https://news.google.com/rss/articles/CBMifEFVX3lxTE9naG40NkZlY2s1Z0UydEU0cEJXcGhOTjRUcV90cG9xeXRqU0c2enRqMmt1UUdZNmxNQVUwVENvVWJUZTNWR0ZkUDVpTGZwRXUyb2dVZ1RPRkdCMGc3TGw5cnliT0xGRHFrNHloWnZqakRoM3JnTzBZMzZzR08?oc=5) · Pine Bluff Commercial
- 2021-07-10 [Obituary for Barbara Denton Moore Bevis - Johnson-Williams Funeral Home](https://news.google.com/rss/articles/CBMiggFBVV95cUxOLWJRWktCdUh4UVJIa1ZYbkZPdk1MZTFZRHRhQWtrZE5icnlsZEJyODNLb2VERXVfdEdycXFUNDQ2bm1YQU9Vb3BCRHBlMWJ4U3VnM0VfVzI1N0dwb3ZMY2VwUWd1bGdPWmNPLUl0SzVWM3hBSk9TS1g3WG5XSGJvcWlB?oc=5) · Johnson-Williams Funeral Home
- 2011-12-06 [Melissa Martin Obituary Dec 6, 2011 - Shackelford Funeral Directors](https://news.google.com/rss/articles/CBMieEFVX3lxTE8xX1RvQXlUTF9MSnVzVUF2MlpSMWlqT09xaVZUR3lSNF9QUVhQUlZIY3RlNDZ1eWxzckJGVUlwVGNSMVhqc0dZOGlRejV2TzhtWXdYVXhtRDVreXJPMnVEWXNTRndQNFJqOXdwWmVPQ2k2Rk9lazV5TA?oc=5) · Shackelford Funeral Directors
- 2026-05-12 [Linda Kirk Obituary (2026) - Bolivar, TN - Shackelford Funeral Directors of Bolivar - legacy.com](https://news.google.com/rss/articles/CBMifkFVX3lxTE1kakJZVXEzUFItalVpUEM4aG1ZSG9UT3BwR0dUcXFUMEtlS3JPWVRVeU90VUNwRWlETC14MHExRmpCdy1VSV9NeEVVei1NUXU5Nl81TTZSRnhwMURPa3FPU0R6dmt2YzE1d0NWaXNhLXBHZ3pvVkYwRjVLcEFRdw?oc=5) · legacy.com
- 2025-02-19 [First phase of Kroger renovation at West Towne Commons? Former steakhouse demolished - Talk-N West TN](https://news.google.com/rss/articles/CBMirAFBVV95cUxQYkVxSHZzN0RGQWRWWDA1Nk5FN2FjZy1CUWFUdzVacHRTSU1zMnVSVm5rWUpyTzdQMU9NWDFJdWcybjB6RE9BTFdZWmJPZS02MjBnYmlMeVMtRHN6QWZ3cDFEQjRuLW9ERmhjVTIydFBRbk84UG9YanF4OFhtQU5pQkQyZ3g3VnowbWE3Ni1ORUp3N3BPbzlFS2VPXzc3MXdFNVplWmJCUWVFMFBY?oc=5) · Talk-N West TN
- 2017-02-02 [Testimony in Michael Benanti trial reveals victims unaware - Knoxville News Sentinel](https://news.google.com/rss/articles/CBMiugFBVV95cUxPRDVSTE1CTE5lOF9uOWRtcTkxRXlXdzJmNUQ4RlBqdG9uQzFpbHFOczNuWkdVNVZKU3gyLW5sVW1GaG5zalYzVHRIU1kwY1RNN2tDYWZRTTdaeHdPQncxblNORmYyczJhUS1qSmVfZGtZRWVRWF8zZUFacExtT3dLUU9uaE82enl0QVFnVGw3MWRwaWQyNzNaakt5OHQ0WUZMcllQUXU0NExCRE1XRE5xTjZkRUF1RVJSYWc?oc=5) · Knoxville News Sentinel
- 2016-07-12 [Phillip Lindsey Obituary - Jackson, TN - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxNZHF2Q1pZeUlhRkcxVktJVUszWkxkcl9tV3VLSmpQQWNaMnU5dXd6MGgwSm5RNUthSUpneG5IcGttRkc1UWlNWTliNC02VVkyUnNQTlNRSVBIQk9Ka0RheHhDWkc1TlM0LVdydTdoWjNhRS1CcENQQ3JMRUplX0sxdXoxbw?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9170 (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/18.json (key "9170", 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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