SouthPoint Bank is headquartered in Birmingham and is the 23rd largest bank in the state of Alabama. It is also the 1,459th largest bank in the nation. It was established in 2005 and as of December of 2020, it had grown to 99 employees at 4 locations. SouthPoint Bank has an A 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||1.47%|
|Return on Equity - YTD||17.86%|
|Annual Interest Income||$22.1MM|
|Assets and Liabilities|
|Assets||Q4 2020vs Q4 2019||$576.0MM$410.1MM|
|Loans||Q4 2020vs Q4 2019||$455.1MM$340.7MM|
|Deposits||Q4 2020vs Q4 2019||$433.5MM$368.3MM|
|Equity Capital||Q4 2020vs Q4 2019||$47.0MM$38.9MM|
|Loan Loss Allowance||Q4 2020vs Q4 2019||$5.7MM$3.6MM|
|Unbacked Noncurrent Loans||Q4 2020vs Q4 2019||$1.1MM$697.00K|
|Real Estate Owned||Q4 2020vs Q4 2019||$0$89.00K|
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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+|
|SouthPoint Bank Locations|
|Gardendale Branch||1101 Main Street||Gardendale, AL 35071|
|Southpoint Bank||3501 Grandview Parkway||Birmingham, AL 35243|
|The Shoppes At Deerfoot Branch||7278 Gadsden Highway||Trussville, AL 35173|
|Wilsonville Branch||9833 North Main Street||Wilsonville, AL 35186|