| Business Summary | | SouthFirst
Bancshares,
Inc.'s
business
primarily
involves
directing,
planning
and
coordinating
the
business
activities
of
its
wholly
owned
subsidiary,
First
Federal
of
the
South,
a
regional
bank
located
in
Alabama,
along
with
First
Federal's
two
wholly
owned
operating
subsidiaries,
Pension
&
Benefit
Financial
Services,
Inc.,
d/b/a
Pension
&
Benefit
Trust
Company,
an
employee
benefit
plan
consulting
firm
and
trust
company
located
in
Montgomery,
Alabama,
and
SouthFirst
Mortgage,
Inc.,
a
subsidiary
through
which
First
Federal
conducts
a
residential
mortgage
and
construction
lending
operation.
Further,
SouthFirst
has
recently
organized,
as
a
wholly
owned
subsidiary,
SouthFirst
Financial
Services,
Inc.,
through
which
SouthFirst
intends
to
provide
insurance
products
and
other
financial
services
to
the
customers
of
First
Federal. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SouthFirst
Bancshares,
Inc.
is
a
stock
holding
company
for
First
Federal
of
the
South.
For
the
nine
months
ended
6/30/01,
total
interest
income
fell
5%
to
$8.4
million.
Net
interest
income
after
loan
loss
provision
fell
17%
to
$3
million.
Net
income
fell
40%
to
$429
thousand.
Net
interest
income
reflects
lower
earning
asset
balances
and
increased
interest
paid
on
deposits.
Earnings
also
suffered
from
reduced
gains
on
the
sale
of
real
estate
and
higher
compensation
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Joe McArthur, 49 CFO,
Chief Operating Officer, Exec. VP, Sec., Director | $149K | Dollar
amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|