SouthPoint Bank is headquartered in Birmingham and is the 25th largest bank in the state of Alabama. It is also the 1,784th largest bank in the nation. It was established in 2005 and as of June of 2019, it had grown to 83 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||1.25%|
|Return on Equity - YTD||13.75%|
|Annual Interest Income||$9.3MM|
|Assets and Liabilities|
|Assets||Q2 2019vs Q2 2018||$395.6MM$337.7MM|
|Loans||Q2 2019vs Q2 2018||$328.6MM$263.8MM|
|Deposits||Q2 2019vs Q2 2018||$331.9MM$306.2MM|
|Equity Capital||Q2 2019vs Q2 2018||$35.9MM$29.9MM|
|Loan Loss Allowance||Q2 2019vs Q2 2018||$3.7MM$3.6MM|
|Unbacked Noncurrent Loans||Q2 2019vs Q2 2018||$1.4MM$1.1MM|
|Real Estate Owned||Q2 2019vs Q2 2018||$89.00K$248.00K|
Rates for SouthPoint Bank are currently being reviewed.
|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|