3 star ratingAverage User Rating:
3 star rating based on 1 review.

SouthPoint Bank

SouthPoint Bank Locations
3500 Colonnade Pkwy Suite 140
Birmingham, AL 35243
205-503-5000
www.southpointbanking.com

SouthPoint Bank is headquartered in Birmingham and is the 43rd largest bank in the state of Alabama. It is also the 2,789th largest bank in the nation. It was established in 2005 and as of September of 2011, it had grown to 43 employees at 3 locations. SouthPoint Bank has a 1-star health rating.

Related Posts

The Rewards Checking Is DEAD (Forum) - 3/4/2010

The rewards checking is DEAD. Replaced by a 3% 5 year CD.   Some changes are being made to your Rewards checking account that will become effective March 1, 2010.  The primary change is that we will no longer offer 4.00% APY* on Rewards Chec

Canceled: 4.00% Reward Checking Account for up to $100K at SouthPoint Bank in AL - Local Only - 7/19/2009

SouthPoint Bank is offering a rewards checking account with the following rates and features if certain monthly requirements are met:4.00% APY on balances up to $100,0001.00% on balances over $100,000The monthly requirements include:12 debit card...


Data for Q3 2011


Institution Statistics


SouthPoint Bank
FDIC Certificate #58088
BankRate ReportView
Year Established2005
Employees43
Primary RegulatorFDIC

Assets and Liabilities

Assets$227.02 million
Loans$169.02 million
Deposits$196.75 million
Equity Capital$14.92 million
Loan Loss Allowance$3.60 million
Unbacked Noncurrent Loans$6.55 million
Real Estate Owned$8.87 million

Historic Data - September 2010

Assets$279.42 million
Equity Capital$17.96 million
Loan Loss Allowance$3.28 million
Unbacked Noncurrent Loans$3.04 million
Real Estate Owned$15.73 million

Profit Margin - Quarterly

Net Interest Margin2.93%
Return on Assets-1.32%
Return on Equity-21.6%
Interest Income$8.23 million

Institution Health


Overall Score:
1 out of 5
1
Texas Ratio1
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 SouthPoint Bank had $15.42 million in non-current loans and owned real-estate with $18.52 million in equity and loan loss allowances on hand to cover it. This gives SouthPoint Bank a Texas Ratio of 83.23% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for SouthPoint Bank held steady from 88.43% as of September 30, 2010 to 83.23% as of September 30, 2011, resulting in a positive change of 5.89%.This indicates that the balance sheet and financial strength for SouthPoint Bank has held steady in recent periods.
Deposit Growth1
In the past year, SouthPoint Bank has decreased its total deposits by -$49.94 million, resulting in -20.24% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth SouthPoint Bank has shown is poor.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. SouthPoint Bank has $227.02 million in assets with $18.52 million in equity, resulting in a capitalization level of 8.16%, which is average.
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Southpoint Has Been Great For Me (Hence The 3 Star Instead Of 1)
3 stars - Anonymous - Thursday, February 18, 2010 - 9:08 AM

SouthPoint  has been great for me (hence the 3 star instead of 1), but are no longer offering the rewards interest rate effective March 1st, 2010.  They said that the reason for the change is that "their rate was higher than most of their competitors."  So you reduce it a little, right, not just totally can it.  Anyway, moving on.  Starting to feel like a serial bad-relationship kind of guy, always thinking that the next girl will make me happy.  So am I using these banks, or are they using me????

1
 
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