First Southern Bank
FSBH Corp. operates as the bank holding company for First Southern Bank that provides banking services for individuals and corporate customers. The company offers checking, money market, savings, and certificates of deposit/IRAs, as well as overdrafts; and personal loan products, such as consumer, personal lines of credit, construction, mortgage, mobile home, home equity, and CD secured loans. It… Read more
First Southern Bank (FSBH) - Net Assets
Latest net assets as of : $- USD
Based on the latest financial reports, First Southern Bank (FSBH) has net assets worth $- USD as of .
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($-) and total liabilities ($-). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $- |
| % of Total Assets | 0% |
| Annual Growth Rate | -26.33% |
| 5-Year Change | 51.06% |
| 10-Year Change | N/A |
| Growth Volatility | 38.61 |
First Southern Bank - Net Assets Trend (2019–2024)
This chart illustrates how First Southern Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Southern Bank (2019–2024)
The table below shows the annual net assets of First Southern Bank from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $27.32 Million | +11.48% |
| 2023-12-31 | $24.51 Million | +11.55% |
| 2022-12-31 | $21.97 Million | +10.98% |
| 2021-12-31 | $19.80 Million | +9.45% |
| 2020-12-31 | $18.09 Million | -85.64% |
| 2019-12-31 | $125.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Southern Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 897553400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $15.04 Million | 55.05% |
| Other Components | $16.32 Million | 59.75% |
| Total Equity | $27.32 Million | 100.00% |
First Southern Bank Competitors by Market Cap
The table below lists competitors of First Southern Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DAIDF
PINK:DAIDF
|
$89.52K |
|
Ceylon Beverage Holdings PLC
CM:BREWN0000
|
$89.53K |
|
TV Azteca S.A.B. de C.V
PINK:AZTEF
|
$89.58K |
|
CSMG3F
SA:CSMG3F
|
$89.58K |
|
MAROC TELECOM (MSPA.SG)
STU:MSPA
|
$89.47K |
|
Inception Growth Acquisition Limited Rights
NASDAQ:IGTAR
|
$89.46K |
|
MARK2 CORPORATION
PR:M2C
|
$89.40K |
|
EMFLX
NASDAQ:EMFLX
|
$89.40K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Southern Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,505,960 to 27,319,713, a change of 2,813,753 (11.5%).
- Net income of 2,316,294 contributed positively to equity growth.
- Other factors increased equity by 497,459.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.32 Million | +8.48% |
| Other Changes | $497.46K | +1.82% |
| Total Change | $- | 11.48% |
Book Value vs Market Value Analysis
This analysis compares First Southern Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.25x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $7.21 | $9.00 | x |
| 2020-12-31 | $7.30 | $9.00 | x |
| 2021-12-31 | $7.99 | $9.00 | x |
| 2022-12-31 | $8.87 | $9.00 | x |
| 2023-12-31 | $8.17 | $9.00 | x |
| 2024-12-31 | $9.11 | $9.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Southern Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.89%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 11.50x
- Recent ROE (8.48%) is above the historical average (5.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -6.33% | -18.42% | 0.05x | 7.06x | $-2.92 Million |
| 2020 | 0.91% | 2.16% | 0.04x | 11.33x | $-1.64 Million |
| 2021 | 14.77% | 29.46% | 0.03x | 14.64x | $943.94K |
| 2022 | 7.11% | 14.06% | 0.04x | 14.00x | $-634.14K |
| 2023 | 8.20% | 12.74% | 0.05x | 12.52x | $-441.91K |
| 2024 | 8.48% | 16.89% | 0.04x | 11.50x | $-415.68K |
Industry Comparison
This section compares First Southern Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Southern Bank (FSBH) | $- | -6.33% | N/A | $89.50K |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |