First Southern Bank Mortgage Rates, Fees & Info

Columbia, MS

LEI: 549300E3YGSOYL74CF74

Tax ID: 64-0386262

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

First Southern Bank is a smaller bank specializing in various types of mortgages.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

Originations

Origination Dollar Volume (All Markets)

Employee count

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
FIRST HORIZON BANK	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	2	5.9%
FIRST HORIZON BANK	Conventional home mortgage	Struggling to pay mortgage	1	2.9%
FIRST HORIZON BANK	Conventional home mortgage	Closing on a mortgage	2	5.9%
FIRST HORIZON BANK	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	2	5.9%
FIRST HORIZON BANK	VA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	2.9%
FIRST HORIZON BANK	Other type of mortgage	Trouble during payment process	1	2.9%
FIRST HORIZON BANK	Other type of mortgage	Closing on a mortgage	2	5.9%
FIRST HORIZON BANK	Conventional home mortgage	Trouble during payment process	10	29.4%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Struggling to pay mortgage	1	2.9%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Trouble during payment process	6	17.6%
FIRST HORIZON BANK	FHA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	2.9%
FIRST HORIZON BANK	FHA mortgage	Closing on a mortgage	1	2.9%
FIRST HORIZON BANK	FHA mortgage	Trouble during payment process	2	5.9%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Applying for a mortgage or refinancing an existing mortgage	2	5.9%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First Southern Bank	1048 Highway 42 Petal, MS 39465	Full Service B&M	$21,271
First Southern Bank	1075 Highway 98 Columbia, MS 39429	Full Service B&M	$123,582
First Southern Bank	1321 Highway43 North Picayune, MS 39466	Full Service B&M	$22,882
First Southern Bank	3000 Hwy 589 Hattiesburg, MS 39402	Full Service B&M	$6,607
First Southern Bank	340 Second Street Columbia, MS 39429	Full Service B&M	$9,147
First Southern Bank	502 North Front Street Richton, MS 39476	Full Service B&M	$31,270

For 2021, First Southern Bank had 6 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$8,012
Net interest income	$7,662
Total noninterest income	$4,966
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$718
Trading account gains and fees	$0
Additional Noninterest Income	$4,248
Pre-tax net operating income	$4,129
Securities gains (or losses, -)	$0
Income before extraordinary items	$4,129
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$4,129
Minority interest net income	$0
Net income	$4,129
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$4,129

First Southern Bank's gross interest income from loans was $8,012,000.
First Southern Bank's net interest income from loans was $7,662,000.
First Southern Bank's fee based income from loans was $718,000.
First Southern Bank's net income from loans was $4,129,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$350
Provision for credit losses	$500
Total noninterest expense	$7,999
Salaries and employee benefits	$5,119
Premises and equipment expense	$765
Additional noninterest expense	$2,115
Applicable income taxes	$0
Net charge-offs	$68
Cash dividends	$2,200

First Southern Bank's interest expense for loans was $350,000.
First Southern Bank's payroll and benefits expense were $5,119,000.
First Southern Bank's property, plant and equipment expenses $765,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	0.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	2.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	0.0%
All other family	0.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	0.0%
Other individual loans	0.0%
Auto loans	0.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$221,440
Deposits held in domestic offices	$221,440
Deposits by Individuals, partnerships, and corporations	$212,492
Deposits by U.S. Government	$8,948
Deposits by States and political subdivisions in the U.S.	$0
Deposits by Commercial banks and other depository institutions in U.S.	$0
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$154,547
Demand deposits	$58,061
Nontransaction accounts	$66,893
Money market deposit accounts (MMDAs)	$1,246
Other savings deposits (excluding MMDAs)	$30,382
Total time deposits	$35,264
Total time and savings deposits	$163,379
Noninterest-bearing deposits	$58,008
Interest-bearing deposits	$163,432
Retail deposits	$215,571
IRAs and Keogh plan accounts	$6,563
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$247,511
Cash & Balances due from depository institutions	$31,408
Interest-bearing balances	$29,367
Total securities	$59,712
Federal funds sold & reverse repurchase	$0
Net loans and leases	$138,342
Loan and leases loss allowance	$2,150
Trading account assets	$0
Bank premises and fixed assets	$10,183
Other real estate owned	$34
Goodwill and other intangibles	$0
All other assets	$7,832

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$247,511
Total Liabilities	$221,906
Total deposits	$221,440
Interest-bearing deposits	$163,432
Deposits held in domestic offices	$221,440
% insured (estimated)	$78
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$466

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$138,342
Loan and leases loss allowance	$2,150
Total loans and leases (domestic)	$140,492
All real estate loans	$116,413
Real estate loans in domestic offices	$116,413
Construction and development loans	$7,019
Residential 1-4 family construction	$7,019
Other construction, all land development and other land	$0
Loans secured by nonfarm nonresidential properties	$48,291
Nonfarm nonresidential secured by owner-occupied properties	$23,225
Commercial real estate & other non-farm, non-residential	$25,066
Multifamily residential real estate	$5,321
1-4 family residential loans	$34,458
Farmland loans	$21,324
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$13,098
To non-U.S. addressees	$0
Loans to individuals	$10,981
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$4,551
Other loans to individuals	$6,430
All other loans & leases	$0
Loans to foreign governments and official institutions	$0
Other loans	$0
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$0
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$267
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

First Southern Bank had $138,342,000 of loans outstanding in 2021. $116,413,000 of loans were in real estate loans. $7,019,000 of loans were in development loans. $5,321,000 of loans were in multifamily mortgage loans. $34,458,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $4,551,000 of loans were in the auto loan category.

Small Business Loans

Categorization	# of Loans in Category	$ amount of loans (in 000's)	Average $/loan
Nonfarm, nonresidential loans - <$1MM	135	$21,233	$157,281
Nonfarm, nonresidential loans - <$100k	47	$1,956	$41,617
Nonfarm, nonresidential loans - $100-250k	52	$6,756	$129,923
Nonfarm, nonresidential loans - $250k-1MM	36	$12,521	$347,806
Commercial & Industrial, US addressed loans - <$1MM	231	$9,480	$41,039
Commercial & Industrial, US addressed loans - <$100k	195	$3,721	$19,082
Commercial & Industrial, US addressed loans - $100-250k	25	$2,330	$93,200
Commercial & Industrial, US addressed loans - $250k-1MM	11	$3,429	$311,727
Farmland loans - <$1MM	274	$15,571	$56,828
Farmland loans - <$100k	217	$7,189	$33,129
Farmland loans - $100-250k	45	$5,201	$115,578
Farmland loans - $250k-1MM	12	$3,181	$265,083