SouthPoint Bank in Birmingham, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


SouthPoint Bank - Overview

  • General
  • FDIC Certificate #: 58088
    Status: Active
    Federal Reserve ID: 3386536
    Date Established: October 11, 2005
    WWW: http://www.southpointbanking.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 439443
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 11, 2005
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3500 Colonnade Parkway, Suite 140, Birmingham, AL 35243
    County: Jefferson
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Birmingham, AL (#1000)
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820)
    CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $234.6 mil
    Equity capital: $14.6 mil
    Deposits held in domestic offices: $206.8 mil
    Return on assets (ROA): -1.13% (-$2.7 mil)
    Quarterly return on assets: -0.56% (-$1.3 mil)
    Return on Equity (ROE): -18.49% (-$2.8 mil)
    Quarterly return on equity: -8.71% (-$1.3 mil)
    Net income: -$2.8 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -1.13% (-$2,650.7 mil)
    Quarterly Pretax return on assets: -0.56% (-$1,313.6 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 44Total employees (full-time equivalent)
  • $234,571Total assets
  • $19,551Cash and due from depository institutions
  • $16,079Interest-bearing balances
  • $38,945Securities
  • $439Federal funds sold & reverse repurchase agreements
  • $162,765Net loans & leases
  • $4,563Loan loss allowance
  • $0Trading account assets
  • $974Bank premises and fixed assets
  • $9,292Other real estate owned
  • $0Goodwill and other intangibles
  • $234,571Life insurance assets
  • $2,605All other assets
  • $220,006Total liabilities and capital
  • $206,815Total liabilities
  • $185,848Total deposits
  • $206,815Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,000Trading liabilities
  • $0Other borrowed funds
  • $1,191Subordinated debt
  • $14,565All other liabilities
  • $14,565Total equity capital
  • $14,565Total bank equity capital
  • $0Perpetual preferred stock
  • $2,101Common stock
  • $19,890Surplus
  • $-7,426Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,773Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,925Income earned, not collected on loans
  • $0Earning assets
  • $903Long-term assets (5+ years)
  • $218,228Average Assets, year-to-date
  • $69,279Average Assets, quarterly
  • $248,285Volatile liabilities
  • $230,797Insider loans
  • $171,553FHLB advances
  • $230,985Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,876Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,897Restructured Loans and leases
  • $6,205Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,829Total interest income
  • $3,980Total interest expense
  • $6,849Net interest income
  • $2,258Provision for loan and lease losses
  • $1,523Total noninterest income
  • $0Fiduciary activities
  • $183Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,340Additional noninterest income
  • $9,103Total noninterest expense
  • $3,156Salaries and employee benefits
  • $545Premises and equipment expense
  • $5,402Additional noninterest expense
  • -$2,989Pre-tax net operating income
  • $171Securities gains (losses)
  • $0Applicable income taxes
  • -$2,818Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,818Net income attributable to bank
  • $0Net charge-offs
  • -$2,818Cash dividends
  • $1,203Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.71%Yield on earning assets
  • 1.73%Cost of funding earning assets
  • 2.98%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • -1.20%Net operating income to assets
  • -1.13%Return on assets (ROA)
  • -1.13%Pretax return on assets
  • -18.49%Return on equity (ROE)
  • -18.49%Retained earnings to average equity (YTD only)
  • 0.69%Net charge-offs to loans
  • 187.70%Credit loss provision to net charge-offs
  • -0.61%Efficiency ratio
  • 108,731Assets per employee
  • 5.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.73%Loss allowance to noncurrent loans
  • 65.89%Noncurrent assets plus other real estate owned to assets
  • 6.91%Noncurrent loans to loans
  • 4.14%Net loans and leases to deposits
  • 78.70%Net loans and leases to core deposits
  • 88.94%Equity capital to assets
  • 6.21%Core capital (leverage) ratio
  • 6.01%Tier 1 risk-based capital ratio
  • 8.09%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $248,285Average earning assets
  • $15,241Average equity
  • $229,966Average loans

List of branches

  • 3 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0439443Southpoint Bank3500 Colonnade Parkway, Suite 140, Birmingham, AL 35243October 11, 2005Full Service Brick and Mortar
    1457863The Shoppes At Deerfoot Branch7260 Gadsden Highway, Trussville, AL 35173December 15, 2006Full Service Brick and Mortar
    2478326Gardendale Branch1101 Main Street, Gardendale, AL 35071August 23, 2007Full Service Brick and Mortar

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