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3500 Colonnade Pkwy Suite 140
Birmingham, AL 35243

SouthPoint Bank is headquartered in Birmingham and is the 53rd largest bank in the state of Alabama. It is also the 3,037th largest bank in the nation. It was established in 2005 and as of March of 2014, it had grown to 54 employees at 3 locations. SouthPoint Bank has a B health rating.

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Reviews (3)

Poor Customer Service

Do not rely on the customer service to be of help to you! I've been waiting a week to get an answer on a mistake that they made. The last time I had to wait on an answer - it took 8 months! Good Luck if you use this bank!

No 24 Hour Check Verification

Someone wrote a check to me from SouthPoint Bank, and I was unable to locate any information with regards to how to verify the funds for the check. The only 24 hour number they have is the debit/credit card fraud number.

Southpoint Has Been Great For Me (Hence The 3 Star Instead Of 1)

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????


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 SouthPoint Bank had $7.1 million in non-current loans and owned real-estate with $19.28 million in equity and loan loss allowances on hand to cover it. This gives SouthPoint Bank a Texas Ratio of 36.84% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for SouthPoint Bank decreased dramatically from 67.81% as of March 31, 2013 to 36.84% as of March 31, 2014, resulting in a positive change of 45.67%.This indicates that the balance sheet and financial strength for SouthPoint Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, SouthPoint Bank has increased its total deposits by $5.58 million, resulting in 3.34% 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 excellent.



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 $201.9 million in assets with $19.28 million in equity, resulting in a capitalization level of 9.55%, which is above average.

Institution Statistics

FDIC Certificate #58088
Year Established2005
Primary RegulatorFDIC
Assets and Liabilities
Assets$201.90 million
Loans$151.73 million
Deposits$172.62 million
Equity Capital$16.60 million
Loan Loss Allowance$2.68 million
Unbacked Noncurrent Loans$1.62 million
Real Estate Owned$5.49 million
Historic Data - March 2013
Assets$195.67 million
Equity Capital$15.45 million
Loan Loss Allowance$3.05 million
Unbacked Noncurrent Loans$1.62 million
Real Estate Owned$5.37 million
Profit Margin - Quarterly
Return on Assets0.98%
Return on Equity13.04%
Interest Income$2.16 million

Sorry, we do not have rate data for SouthPoint Bank


SouthPoint Bank Locations
Gardendale Branch1101 Main StreetGardendale, AL 35071
Southpoint Bank3500 Colonnade Parkway, Suite 140Birmingham, AL 35243
The Shoppes At Deerfoot Branch7260 Gadsden HighwayTrussville, AL 35173