SouthPoint Bank

Headquarters

3501 Grandview Parkway
Birmingham, AL 35243
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.65% →
1-Year CD 0.40% 0.70% →
2-Year CD 0.60% 0.75% →
5-Year CD 1.00% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

SouthPoint Bank is an FDIC insured institution located in Birmingham, AL. It was founded in 2005 and has approximately $0.58 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 58088
Date Established 2005
Assets $ 576.02 million
Loans $ 455.05 million
Deposits $ 433.49 million
Capital $ 46.95 million
 

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 - June 19, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
30 Mo CD
0.70% $10,000 $14,999 Learn More
30 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.85% $10,000 $14,999 Learn More
48 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - June 19, 2021

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.813% 2.750%
0.88 points
$2,052 fees
$1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to SouthPoint Bank
To upload and update your bank's rates please register. It is free to register and add rates.

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:
Ashburn,Virginia


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
2.09% 5.49%

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 December 31, 2020, SouthPoint Bank had $1,101,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $46,954,000 in equity and $5,733,000 in loans loss reserves. That gives it a Texas Ratio of 2.09%.

Return on Equity
SouthPoint Bank U.S. Bank Average
17.86% 9.24%

SouthPoint Bank has a Return on Equity of 17.86% versus the BestCashCow average of 9.24%. 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
8.15% 11.96%

SouthPoint Bank has a Capitalization of 8.15% versus the BestCashCow average of 11.96. 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 December 31, 2020, SouthPoint Bank had assets of $576,023,000, loans of $455,052,000, and deposits of $433,487,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 15.63 million
Interest-bearing balances $ 12.36 million
Total securities $ 79.62 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 455.05 million
Loan loss allowance $ 5.73 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 13.60 million
     Total Assets $ 529.07 million
LIABILITIES
Total deposits $ 433.49 million
      Interest-bearing deposits $ 340.99 million
      Deposits held in domestic offices $ 433.49 million
      % insured (estimated) 59.75%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 80.45 million
Subordinated debt N.A.
All other liabilities $ 15.13 million
      Total Liabilities $ 529.07 million
      Shareholders’ Equity $ 46.95 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 22.12 million
Total Interest Expense $ 4.44 million
Net interest income $ 17.68 million
Provision for loan and lease losses $ 2.25 million
Total non interest income $ 15.18 million
Total non interest expense $ 21.14 million
Pre-tax Net Operating Income $ 9.47 million

Bank Loan Profile?

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

Compared to other banks in Alabama, SouthPoint Bank has a significantly higher percent of Construction and Development Loans, Commercial and Industrial Loans 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 17.92
Multifamily
Mortgages
3.92
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 7.50
Construction and Development Loans 14.48
Commercial Real Estate 28.23
Commercial and Industrial Loans 34.96
Farm Loans 0.00

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?

Customer Reviews for SouthPoint Bank

There are currently no comments for SouthPoint Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →