First South Bancorp, Inc. is the bank holding company for First South Bank (the Bank). The Bank's principal business consists of attracting deposits from the public and investing the funds in commercial real estate loans, commercial 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 across eastern and central North Carolina. The Bank offers a range of deposit instruments, including checking accounts, money market accounts, statement savings accounts, Individual Retirement Accounts and certificates of deposit. The Bank provides both personal and business online banking services, including mobile banking, mobile deposits, eStatements, bill paying, access to check images, funds transfers between accounts, automated clearing house (ACH) originations, wire transfers and stop payment orders for checks.