Southpoint Bank
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Data as of · sourced from FFIEC call reports. How we update
Southpoint Bank is an FDIC-insured commercial bank headquartered in Birmingham, AL, established in 2005 (FDIC certificate 58088), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.36B, down 18.8% from Q2 2025, the 12th largest of 93 banks headquartered in Alabama. Its CET1 capital ratio was 8.91% at Q2 2026, above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58088
- Headquarters
- Birmingham, AL
- Established
- 2005
- Total assets, Q2 2026
- $1.36B
- Assets vs Q2 2025
- -18.8%
- CET1 ratio, Q2 2026
- 8.91%
- Domestic offices
- 11 FDIC institution directory, current count
- Routing number
- 062006534
- Holding company
- SOUTHPOINT BANCSHARES, INC.
- Asset rank in state
- 12th of 93 in Alabama
Problem loans are rising at Southpoint Bank. It reported $1.4 billion in assets at June 30, 2026, down 18.8% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 3.52% of loans from 2.81% a year earlier. It loses about $3.28 a year on every $100 of assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median $1.29). It also holds common equity equal to 8.91% of its risk-weighted assets, lower than about 9 in 10 banks its size (median 13.52%).
It lost $11 million in the quarter. The commercial and industrial book ($198 million) is worsening: 6.41% of it is past due or on nonaccrual, up from 2.31% a year earlier. Credit is the area to watch: it carries problem assets equal to 36.1% of the capital and reserves that would absorb them, 10.1 times the median of 3.6% for banks its size.
As of June 30, 2026, Southpoint Bank reported a CET1 capital ratio of 8.91%, a return on assets of -3.28%, a nonperforming-loan ratio of 3.54% and a Texas ratio of 36.15%. The figures come from its call report filed with the FFIEC.
Of the 93 banks headquartered in Alabama, Southpoint Bank is the 12th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 5.8% to $1.36B, loans fell 6.1% and deposits fell 5.4%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 22.9% of total loans, ahead of non-owner-occupied commercial real estate loans at 19.4%. Its 11 offices in the FDIC Summary of Deposits are in 8 cities in AL; its Birmingham 2 offices book 43% of its branch deposits. By the capital ratios in its Q2 2026 call report, Southpoint Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 3501 Grandview Pkwy, Birmingham, AL 35243
- County
- Jefferson
- Metro Area
- Birmingham, AL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- October 11, 2005
- Domestic offices
- 11 FDIC institution directory, current count
- Employees (FTE)
- 129
- Domestic deposits
- $1.25B
- Allowance for credit losses
- $29.2M
- Net charge-offs (YTD)
- $23.7M
- Average total assets
- $1.40B
- Average total loans
- $1.11B
- Average interest-bearing deposits
- $1.23B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 11, 2005
- FDIC Cert
- 58088
- Fed RSSD
- 3386536
- SEC CIK
- 1867954 → filed by SOUTHPOINT BANCSHARES, INC.
- Website
- http://www.southpoint.bank →
- Parent Holding Company
- SOUTHPOINT BANCSHARES, INC. (RSSD 4975049)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Southpoint Bank's total assets ran between $1.36B (Q2 2026) and $1.79B (Q1 2025), and it earned a profit in 8 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.36B total assets against $1.68B; $1.26B total liabilities against $1.55B.
$1.04B net loans and leases against $1.43B; $1.25B total deposits against $1.54B.
$45.3M securities against $56.6M; $190.1M cash and balances due against $111.0M.
$19.7M total interest income against $28.4M; $9.3M total interest expense against $14.4M.
$10.4M net interest income against $14.0M.
$2.0M total noninterest income against $3.0M; $8.7M total noninterest expense against $9.5M.
$19.2M provision for credit losses against $4.5M.
-$11.4M net income against $2.4M.
-3.28% return on assets against 0.54%; 3.08% net interest margin against 3.27%.
8.91% CET1 capital ratio against 8.73%; 6.86% tier 1 leverage ratio against 7.09%.
Inside the full Southpoint Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Southpoint Bank rankings
Its closest position to the top of a national ranking is 40 of 3,640, for Texas Ratio; its furthest is 2,133 of 2,134, for CET1 ratio.
Metric pages for Southpoint Bank: Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -4.75% (Q4 2024) to 1.03% (Q3 2024) and its net interest margin ran from 2.93% (Q1 2025) to 3.46% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 8.91% | -3.28% | 3.54% | 36.15% | 3.08% |
| Q1 2026 | 9.43% | -0.27% | 4.18% | 37.19% | 3.04% |
| Q4 2025 | 9.26% | -4.03% | 3.40% | 32.25% | 3.07% |
| Q3 2025 | 9.61% | 0.53% | 4.45% | 42.81% | 3.37% |
| Q2 2025 | 8.73% | 0.54% | 2.83% | 31.36% | 3.27% |
| Q1 2025 | 8.19% | 0.49% | 3.17% | 35.75% | 2.93% |
| Q4 2024 | 7.98% | -4.75% | 1.75% | 25.27% | 2.99% |
| Q3 2024 | 9.21% | 1.03% | 1.41% | 14.15% | 3.46% |
Swipe the table sideways to see every column.
Branch Network
View all 11 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Southpoint Bank (main office) | Birmingham , AL | 35243 | $502.8M |
| Merchants Bank Al Mo Branch | Cullman , AL | 35055 | $237.7M |
| Arab Branch | Arab , AL | 35016 | $116.9M |
| Gardendale Branch | Gardendale , AL | 35071 | $79.0M |
| Trussville Branch | Trussville , AL | 35173 | $78.0M |
| Hanceville Branch | Hanceville , AL | 35077 | $55.1M |
| Highway 157 Branch | Cullman , AL | 35058 | $54.1M |
| Fairview Branch | Cullman , AL | 35058 | $37.3M |
| Liberty Park Branch | Birmingham , AL | 35242 | $35.9M |
| Wilsonville Branch | Wilsonville , AL | 35186 | $31.5M |
| Homewood Branch | Homewood , AL | 35209 | $19.1M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 6, 2022 | Structure Change | Acquired Merchants Bank of Alabama Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 5, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- August 14, 2026, Federal Reserve: Written Agreement: SouthPoint Bancshares, Inc., Birmingham, Alabama
- Period: Most recent institution action August 14, 2026. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.9% of deposits in AL, rank 23 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 3 loans, $4.9M approved, $1.6M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 6 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2022-Q4 to 2026-Q2. Source: CFPB consumer complaint database.
- Not on file
- Mortgage lending (HMDA), CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Southpoint Bank
What are Southpoint Bank's total assets?
As of the Q2 2026 filing, Southpoint Bank reported total assets of $1.36 billion in its FFIEC call report.
Where is Southpoint Bank headquartered?
It is headquartered in Birmingham, AL, United States.
When was Southpoint Bank founded?
It was established in 2005, per the FDIC institution directory.
Is Southpoint Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58088). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Southpoint Bank?
Southpoint Bank's primary federal regulator is the FDIC.
What is Southpoint Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 8.91% in its Q2 2026 call report, above the 7% level required once the capital conservation buffer is included.
How many branches does Southpoint Bank operate?
It operates 11 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Southpoint Bank's Texas Ratio?
Its Texas Ratio is 36.15% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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