SouthPoint Bank
Birmingham, Alabama, Jefferson County
$1.4B in total assets, the 829th largest of 4,309 US banks and 12th of 93 headquartered in Alabama.
- FDIC certificate
- 58088
- Established
- 2005
- Owned by
- Southpoint Bancshares Inc
- Primary regulator
- FDIC
- Website
- http://www.southpoint.bank
At a glance
Compared with 15 banks headquartered in Alabama with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.4B | 40% | $1.4B | |
| Loans | $1.1B | 67% | $923M | |
| Deposits | $1.2B | 53% | $1.2B | |
| Return on assets | -1.71% | 2% | 1.28% | |
| Net interest margin | 3.26% | 7% | 3.72% | |
| Efficiency ratio | 65.3% | 67% | 61.4% | |
| Equity to assets | 7.68% | 13% | 9.41% | |
| Loans to deposits | 85% | 87% | 72% |
Growth
Total assets grew 16.5% a year over the last 5 years and 18.4% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2022 | Merchants Bank of Alabama Cullman, AL | $383M |
Where they operate
11 branches in 4 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Jefferson County, AL | $715M | 1.6% | 11 of 39 |
| Cullman County, AL | $384M | 15.0% | 3 of 12 |
| Marshall County, AL | $117M | 4.2% | 8 of 17 |
| Shelby County, AL | $32M | 0.7% | 17 of 22 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 7 branches since 2016 (4 to 11, +175.0%). 2 opened, 5 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 4 | |||
| 2020 | Opened Birmingham | 1 | 0 | +1 | 5 |
| 2022 | Acquired Merchants Bank of Alabama | 5 | 0 | +5 | 10 |
| 2024 | Opened Homewood | 1 | 0 | +1 | 11 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 38% | 35% | |
| 1-4 family residential | 23% | 22% | |
| Business (C&I) | 19% | 16% | |
| Construction and land | 10% | 10% | |
| Multifamily | 6% | 6% | |
| Farmland | 1% | 2% | |
| Consumer | 0% | 5% | |
| Other | 3% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 54% | 23% | |
| Other interest-bearing | 35% | 53% | |
| Noninterest-bearing | 12% | 24% |
Brokered deposits are 23.4% of deposits (peers 0.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 3.52% | 0.48% |
| Net charge-offs, annualized | 4.19% | 0.18% |
| Reserves to loans | 2.74% | 1.15% |
| Leverage ratio | 6.86% | 9.82% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Alabama
Largest competitors in Jefferson County, AL
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/southpoint