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BankHealth

FIRST SOUTHERN BANK

WAYCROSS, GEORGIA · FDIC Cert #10055

B
Health Score
78/100
$313M
Total Assets
$286M
Total Deposits
14.16%
Tier 1 Capital
Q2 2024
Report Date

Capital & Safety Analysis

Regulatory Status:Well-Capitalized

According to FDIC financial data, FIRST SOUTHERN BANK holds a Tier 1 capital ratio of 14.16%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning FIRST SOUTHERN BANK has a strong buffer to absorb potential losses.

Key Financial Metrics

2.62%
Nonperforming Loans
Moderate — some loan stress
32.98%
Liquidity Ratio
Strong — can meet withdrawal demands
0.88%
Return on Assets
Low profitability
$286M
Domestic Deposits
Total domestic deposits held

What This Means For Your Money

FIRST SOUTHERN BANK shows strong financial health indicators. With $313M in assets and a Health Score of 78/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.

Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.

Frequently Asked Questions

FIRST SOUTHERN BANK has a Bank Health Score of B (78/100). It holds a Tier 1 capital ratio of 14.16%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.

FIRST SOUTHERN BANK holds $313M in total assets and $286M in total deposits. It is located in WAYCROSS, GEORGIA (FDIC Certificate #10055).

FIRST SOUTHERN BANK has a Tier 1 capital ratio of 14.16%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 2.62%, and the return on assets is 0.88%.

Yes. FIRST SOUTHERN BANK is FDIC-insured (Certificate #10055). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.

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