SouthPoint Bank

Overview / Commentary
3501 Grandview Parkway
Birmingham, AL 35243

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.

Reviews (4)

Helpful For Any Needs

Been with SouthPoint for about 3 or 4 years now and have not had trouble. CD rates aren't the best, but interest checking and money market makes up. Folks in the branch always willing to help when needed.

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

Posted by: |

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????

Poor Customer Service

Posted by: |

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

Posted by: |

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.


Health Grade Components

FDIC Certificate #58088
Year Established2005
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.47%
Return on Equity - YTD17.86%
Annual Interest Income$22.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$576.0MM$410.1MM
LoansQ4 2020vs Q4 2019$455.1MM$340.7MM
DepositsQ4 2020vs Q4 2019$433.5MM$368.3MM
Equity CapitalQ4 2020vs Q4 2019$47.0MM$38.9MM
Loan Loss AllowanceQ4 2020vs Q4 2019$5.7MM$3.6MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$1.1MM$697.00K
Real Estate OwnedQ4 2020vs Q4 2019$0$89.00K
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SouthPoint Bank Checking Account Rates

2.10%*-$25kBluePoint Checking
OTHER TIERS: 0.25% $25k+

SouthPoint Bank Locations
Gardendale Branch1101 Main StreetGardendale, AL 35071
Southpoint Bank3501 Grandview ParkwayBirmingham, AL 35243
The Shoppes At Deerfoot Branch7278 Gadsden HighwayTrussville, AL 35173
Wilsonville Branch9833 North Main StreetWilsonville, AL 35186

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