SouthPoint Bank

3501 Grandview Parkway
Birmingham, AL 35243

Notable Rates APY Vs.Others
Savings 0.10% 2.20% →
1-Year CD 0.40% 2.20% →
2-Year CD 0.60% 2.20% →
5-Year CD 1.00% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

SouthPoint Bank is an FDIC insured institution located in Birmingham, AL. It was founded in 2005 and has approximately $0.41 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 58088
Date Established 2005
Assets $0.41 billion
Loans $0.33 billion
Deposits $0.37 billion
Capital $0.04 billion
 

For a more detailed analysis of SouthPoint Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - February 25, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $5,000 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $3,000 - Learn MoreShow Less
6 Mo CD
0.05% $3,000 - Learn MoreShow Less
12 Mo CD
0.40% $3,000 - Learn MoreShow Less
18 Mo CD
0.50% $3,000 - Learn MoreShow Less
24 Mo CD
0.60% $3,000 - Learn MoreShow Less
30 Mo CD
0.70% $3,000 - Learn MoreShow Less
36 Mo CD
0.75% $3,000 - Learn MoreShow Less
48 Mo CD
0.85% $3,000 - Learn MoreShow Less
60 Mo CD
1.00% $3,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $3,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $100 - Learn MoreShow Less

Loan Rates - February 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for SouthPoint Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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Quicken Loans NMLS #3030
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.159% 3.125% 0.38 $1,085 $1,071 Learn More
Rocket Mortgage
NMLS ID: 3030
4.793% 4.750% 0.00 $1,250 $1,305 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Eastern Bank
Eastern Bank
4.250 %
$25,000 Learn More
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Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
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Note to SouthPoint Bank
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Branches

SouthPoint Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


SouthPoint Bank Locations


Financial Details

SouthPoint Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of SouthPoint Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
SouthPoint Bank U.S. Bank Average
3.71% 6.70%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2019, SouthPoint Bank had $1,438,000 in non-current loans and $89,000 in owned real estate. To cover these potential losses it had $37,626,000 in equity and $3,559,000 in loans loss reserves. That gives it a Texas Ratio of 3.71%.

Return on Equity
SouthPoint Bank U.S. Bank Average
14.46% 9.72%

SouthPoint Bank has a Return on Equity of 14.46% versus the BestCashCow average of 9.72%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
SouthPoint Bank U.S. Bank Average
9.24% 12.89%

SouthPoint Bank has a Capitalization of 9.24% versus the BestCashCow average of 12.89. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

SouthPoint Bank Balance Sheet Analysis

As of September 30, 2019, SouthPoint Bank had assets of $407,319,000, loans of $333,915,000, and deposits of $367,508,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.33 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.37 billion
LIABILITIES
Total deposits $0.37 billion
      Interest-bearing deposits $0.32 billion
      Deposits held in domestic offices $0.37 billion
      % insured (estimated) 71.85%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.37 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

September 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in SouthPoint Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Alabama, SouthPoint Bank has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 19.46
Multifamily
Mortgages
5.03
Credit Card Loans 0.00
Consumer Auto Loans 0.04
Small Business Loans 11.02
Construction and Development Loans 13.87
Commercial Real Estate 36.08
Commercial and Industrial Loans 23.26
Farm Loans 0.01

Frequently Asked Questions About Southpoint Bank

Branches and Savings

Is Southpoint Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58088.

Why does Southpoint Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Southpoint Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Southpoint Bank a commercial bank?

Yes

Where are Southpoint Bank locations?

See branch locations nearby.

Is Southpoint Bank open on Saturdays?

Is Southpoint Bank open on Sundays?

What time does Southpoint Bank open?

What time does Southpoint Bank close?

Are Southpoint Bank ATMs Open 24/7?

Do Southpoint Bank ATMs accept cash deposits?

Can Southpoint Bank customers use other ATMs?

Do Southpoint Bank branches have notaries?

Will Southpoint Bank notarize my document?

What address for Southpoint Bank should I put for incoming ACH transfers?

Will the Southpoint Bank branch print checks?

Do Southpoint Bank checks expire?

Does Southpoint Bank require US citizenship to open account?

Can Southpoint Bank close my account?

Does Southpoint Bank Report to credit bureaus?

Does Southpoint Bank Use Equifax?

What is Southpoint Bank's ACH Routing Number?

What is Southpoint Bank's SWIFT code?

Products

Does Southpoint Bank offer mortgages?

Compare mortgage rates here.

Does Southpoint Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Southpoint Bank offer personal loans?

Compare personal loan rates here.

Does Southpoint Bank offer student loans?

Will Southpoint Bank cash a check?

Will Southpoint Bank redeem a savings bond?

Does Southpoint Bank cash savings bonds?

Will Southpoint Bank cash money orders?

Can Southpoint Bank issue a money order?

Does Southpoint Bank do currency exchange?

Background on The Bank

Who owns Southpoint Bank?

How long has Southpoint Bank been around?

Can Southpoint Bank transfer to other banks?

Does Southpoint Bank have quick pay?

Does Southpoint Bank accept rolled coins?

Will Southpoint Bank accept loose change?

Where is Southpoint Bank headquarters?

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