SouthPoint Bank is headquartered in BIRMINGHAM and is the 9th largest bank in the state of Alabama. It is also the 739th largest bank in the nation. It was established in 2005 and as of March of 2023, it had grown to 159 employees at 10 locations. SouthPoint Bank has a B+ health rating.
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????
|FDIC Certificate #||58088|
|Return on Assets - YTD||1.24%|
|Return on Equity - YTD||14%|
|Annual Interest Income||$19.6MM|
|Assets and Liabilities|
|Assets||Q1 2023vs Q1 2022||$1.43B$1.08B|
|Loans||Q1 2023vs Q1 2022||$1.18B$837.2MM|
|Deposits||Q1 2023vs Q1 2022||$1.04B$963.5MM|
|Equity Capital||Q1 2023vs Q1 2022||$129.5MM$110.0MM|
|Loan Loss Allowance||Q1 2023vs Q1 2022||$12.4MM$10.4MM|
|Unbacked Noncurrent Loans||Q1 2023vs Q1 2022||$6.0MM$6.1MM|
|Real Estate Owned||Q1 2023vs Q1 2022||$315.00K$877.00K|
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|OTHER TIERS: 0.25% → $25k+|
|Arab Branch||1096 North Brindlee Mountain Parkway||Arab, AL 35016|
|Southpoint Bank||3501 Grandview Pkwy||Birmingham, AL 35243|
|Liberty Park Branch||8000 Liberty Pkwy||Birmingham, AL 35242|
|Fairview Branch||44 Butler Street||Cullman, AL 35058|
|Highway 157 Branch||4855 Highway 157, Northwest||Cullman, AL 35055|
|Merchants Bank Al Mo Branch||900 Second Avenue, Sw||Cullman, AL 35055|
|Gardendale Branch||1101 Main Street||Gardendale, AL 35071|
|Hanceville Branch||906 Main Street, Ne||Hanceville, AL 35077|
|The Shoppes At Deerfoot Branch||7278 Gadsden Highway||Trussville, AL 35173|
|Wilsonville Branch||9833 North Main Street||Wilsonville, AL 35186|