# FIRST SOUTH FINANCIAL
Bartlett, TN · NCUA charter 68084 · asset band $500M-1B · latest filing 2024-06 · stopped filing after 2024-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/first-south-financial-68084

Who the members are: state charter, organized 1957, low-income designated. 72,386 members of 1,365,000 potential (5.3% of the field); checking penetration 29% (share draft accounts per 100 members); loans per 100 members 36.

**Verdict on the desk:** this could be *liquidity-tight*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $766.0M |
| Members | 72,386 (2.2% YoY) |
| Full-time staff | 129 |
| Net worth | $232.3M |
| Net worth ratio | 30.3% (p100 of band) |
| ROA (annualized) | 2.65% (p100 of band) |
| Total delinquency | 0.37% (p22 of band) |
| Net charge-offs (annualized) | 0.79% (p76 of band) |
| Loans / shares | 98% (p91 of band) |
| Cash / assets | 30.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.22% (p95 of band) |
| Operating expense / assets | 3.55% (p56 of band) |
| Vehicles % of loans | 46% (p76 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 89% |
| Third-party paper % of net worth | 95% (p45 of band) |
| Vehicle delinquency | 0.76% (p60 of band) |
| Vehicle NCO | 0.67% (p49 of band) |
| Repossessed % of vehicle book | 0.07% (p58 of band) |
| Real estate % of loans | 48% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 2% |
| Core shares % of member funds | 65% |
| Certificates % of member funds | 15% |
| Average share balance | $5,040 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 36% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $19,860 |
| Loans granted, annualized | $227.9M |

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **loans>95% of shares** (`str_ltos`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | 3rd-party paper>100% NW |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 1 |  | delinquency rising |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | charge-offs p90 |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 1 |  | 3rd-party paper>100% NW |
| 2019-09 | 2 | delinquency rising |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 1 |  | delinquency rising |
| 2020-06 | 3 | net worth falling, margin squeeze |  |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 | net worth falling | charge-offs p90 |
| 2021-06 | 2 |  |  |
| 2021-09 | 1 | charge-offs p90 | margin squeeze, net worth falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | net worth falling |  |
| 2022-06 | 3 | delinquency rising |  |
| 2022-09 | 2 |  | net worth falling |
| 2022-12 | 1 |  | delinquency rising |
| 2023-03 | 1 | expense trap | charge-offs p90 |
| 2023-06 | 2 | assets shrinking |  |
| 2023-09 | 1 |  | expense trap |
| 2023-12 | 2 | delinquency rising |  |
| 2024-03 | 1 |  | assets shrinking |
| 2024-06 | 2 | loans>95% of shares |  |

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

- 2024-12-26 [Man arrested after robbing same East Memphis bank twice within a month, police say - FOX13 Memphis](https://news.google.com/rss/articles/CBMi-AFBVV95cUxPRjNwbnAwcDF4ZWU5Y0dfZjhvZnVMRmtMTGd1UHdUWnFkM0RXZkJITEU4OHZtbXFjdDY4WmFBQjBDeWJLUGEwTVhjMTVQWm1tWWRRSWk0SUhtQUEtc1dtd242elNZRnNxenNHSzlGakVqMnlpcU84RFIzMmJlTmJ3LTQxeE1QTElLWUNDanEtUDdualRXd01mekZVeERZT2h6RWRlajRLaVBUV1NPa0d0WkQyMzBMUllqUERYUS1xcm1jUGxaMUtkc2NSaUY2RXNsdkZFQ2sxbmI1RmdzdEJuSEFZdDRVQnJVR2dacUJ6Z2VMSjBYclVhbw?oc=5) · FOX13 Memphis
- 2019-03-08 [FBI Asking For Help Finding “Red Devil Mask” Bank Robber - localmemphis.com](https://news.google.com/rss/articles/CBMi2wFBVV95cUxNLVZaTlZpckIyVFJZcW1yVHdlLVpDQVVQSHdEb2JrWGhxWkt2RVdUMXdUaTRvTnJ0QU0ySWllZzZTQnVjZnVKRzdJa2Z1Wll3bnRGN1ZUaUYweGRYSmxJYWk2ZVpuVUhLbzZKRTluSE1jSlZuZlhTRHZYd2U0R0w4QVRfSHMySEJHMm5DSWNfWDZrNTMzbl9yX1l4SjRKeWNLUGdZNHdnMThTR1gzYllOeUVFMjNEcGxYUVNZN0VPN1U5N0Z0bnBrX1RiT0pvc3VBTURhazBkSzB3enM?oc=5) · localmemphis.com
- 2025-05-23 [Battle of the Burger 2025 - nashvillelifestyles.com](https://news.google.com/rss/articles/CBMihwFBVV95cUxOaTIydFprdDRGSnpJWnNEQ1MtZDNSYmFPUmxBMDg1aVY2aUpTRUNrS05mVWgyb3VBYkRTQmZzLVlGaFRyM3hXMVB1eHUxcG1iSm1EMlVCYzEwQ19aLUQ1TVRLQmxsVEwyR0l5U0o1QlQ1MVltUnQ2VDVwWXhGcmRSeXViSkR5dTQ?oc=5) · nashvillelifestyles.com
- 2018-03-23 [Man accused of robbing Atoka bank captured in Missouri - WREG.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxOZ2F1dW9RcDVCNFdwZGpObjFDUVFOSGItY01iNHFValNETVNRYm1zbFNrdkFKZjJjMEpvNU1naVUzaVNlQ0QxSlN4S3FqbTlnMVJWdWRCWVc3clZvcnVUaXhUZ0lVemVIVG9MTXRTUVdYQjlJaVB2SEFsWmY5N3FLSnNfa9IBiAFBVV95cUxQUVNNSG9qOVJCRjltQU51WS1wX3NJZ1RLRU9tcHB3blFHeGE5Z2FDbDB1aUcyeGVqcTlQcnN0dGxBWTFjai1rWlpqVmFaN3RzNUgxZDJEdzBtY2JZRHJHMEJHYVVYdlNROWtfZTROUjVMZ2JoOUJkSmZsVjVDbHlMUEdSbDNwU2Q0?oc=5) · WREG.com
- 2021-11-04 [Suspected bank robber in custody, also accused of assaulting her elderly stepfather - Action News 5](https://news.google.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?oc=5) · Action News 5
- 2025-08-08 [Gaylon Hall Obituary - Bartlett, TN - Dignity Memorial](https://news.google.com/rss/articles/CBMigAFBVV95cUxNbFRnTFRFSVRmbGJmTExGLTFDdFBZMUVXWVltSGlmUHdYeG54VnhkSmdJY1F6YVRZcGFDLUtXNURvRTB5UDhvUF9GTkhkeFp0RXFwaXBDcVNjM0hjdmtSTHNlU1dWWE1rUE84VFZtNkZBNjlzMElibzY4dXNDQVpCMA?oc=5) · Dignity Memorial
- 2026-05-15 [Behind the Battle: Battle of the Burger 2026 - nashvillelifestyles.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxNWmRHUWNkcDIySXFSYWNMQURjVERjaG5lWTJhdGxudTYwbGhiVVk2am4zLTFjRFJWSTNocXh5VVdQSUZUN2hkeElNcGxIWF9NOXk0cTNyaURnM2VqcTc2WG93eEtSZzAtMHBKZzNNbVhKWGxfNlBpd0E1ZmNsMXp3VDNlOGd3ZzFoNlNTMkNydFhROWc2cktHX1U0eXI4bnc?oc=5) · nashvillelifestyles.com
- 2015-10-28 [Police search for red devil mask man in attempted bank robbery - Action News 5](https://news.google.com/rss/articles/CBMidEFVX3lxTE12VnRUeURyMDFPbURERmJfbFlJVFVCQU90VEZEb2xhTElPOGlERmxMejdtaDZJbGQ4WENUeEVDOXgxRHJyYXRnRnE3SHFfbkJHY0l1YWdUTzNKVmlXOHExUHl2aWFrTTZvTEVYX1pJRzVEdDBO0gGHAUFVX3lxTFAwdTZoNHNka0Q5ZEJmckJiNEhpVHJtcXk5Q2ZYbU4tUVA0ajJVQlJPTDZXT2x3dDlXUTFuX0lpNU1HazllSHozRVduNktvTzZ5eTJiV3ZYaUpXLV91d0VHU3J1SzdzdXprTmxlNFVZQ0NXMlJWZkZVVnVIdmQ5b3hzTW1hV1VyNA?oc=5) · Action News 5

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68084 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/52.json (key "68084", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=68084
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide