Company First South Bancorp Inc

First South Bancorp, Inc. serves as the holding company for First South Bank (the Bank), a North Carolina chartered commercial bank. The Company's principal business is overseeing the business of the Bank and operating through the Bank a commercial banking business. The Bank is engaged in providing general commercial banking services to its markets located in the state of North Carolina. The Bank is a chartered commercial bank. The Bank's principal business consists of attracting deposits from the general public and investing these funds in commercial real estate loans, commercial and industrial business loans, consumer loans and loans secured by first and second mortgages on owner-occupied, single-family residences in the Bank's market area. The Bank makes loans and obtains deposits throughout eastern and central North Carolina, where the Bank's offices are located. The Bank's loan portfolio consists of loans held for sale, as well as loans and leases held for investment.