Bank · FDIC insured
First Southern Bank
A $679.2M bank headquartered in Florence, AL, with 10 branches in 4 states.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: rates are not published online. Auto loans: no rates found on its website. Credit cards: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all).
- Savings700.05%2.00% with extra requirementsSavings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First Southern Bank
First Southern Bank is an independent community bank that has served the Shoals area for more than 80 years.
The bank has expanded its service to Marshall County, AL, New Albany, MS, Ocala, FL, and Texarkana, AR.
- Headquarters
- 201 S Court Street, Florence, AL 35630
- FDIC certificate
- 29332 ↗
Branches
10 branches in 4 states
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Alabama
6 branches
Florence area · 4
- First Southern BankMain office201 S Court Street, Florence, AL 35630Directions
- St. Florian Branch4350 County Road 47, Florence, AL 35630Directions
- Killen Branch1455 Highway 72, Killen, AL 35645Directions
- Muscle Shoals Branch1027 Avalon Ave, Muscle Shoals, AL 35661Directions
Albertville area · 1
- Boaz Branch1720 Us Highway 431, Boaz, AL 35957Directions
Decatur area · 1
- Moulton Branch11809 Alabama Highway 157, Moulton, AL 35650Directions
Florida
2 branches
Gainesville area · 1
- Bronson Branch612 E. Hathaway Avenue, Bronson, FL 32621Directions
Orlando area · 1
- Clermont Branch644 West Ave, Clermont, FL 34711Directions
Arkansas
1 branch
- Texarkana Branch3809 East 9th Street, Texarkana, AR 71854Directions
Mississippi
1 branch
- New Albany Branch805 E Bankhead St, New Albany, MS 38652Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 8.95% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 10.86% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | -2.50% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $81 | $81 | — |
- CapitalLeverage ratio8.95%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent10.86%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets-2.50%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$81Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of First Southern Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.