# SOUTHPOINT BANK
BIRMINGHAM, AL · FDIC certificate 58088 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 11 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.36B | |
| Deposits | $1.25B | |
| Loans and leases | $1.06B | |
| Total equity | $104.5M | |
| Loans / deposits | 83.03% (p40 of band) | 87.10% |
| Liquid assets / assets | 17.30% (p34 of band) | |
| Uninsured deposits / deposits | 13.26% (p7 of band) | 30.76% |
| Brokered deposits | 21.40% | |
| Wholesale funding | 21.40% (p90 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 6.86% (p1 of band) | 10.50% |
| Unrealized securities loss / equity | -8.70% (p45 of band) | -7.75% |
| AOCI / equity | 0.33% (p90 of band) | |
| ROA (annualized) | -1.71% (p0 of band) | 1.26% |
| Net interest margin | 3.26% (p25 of band) | 3.70% |
| Efficiency ratio | 65.28% (p69 of band) | |
| Noncurrent loans | 3.54% (p97 of band) | 0.51% |
| Net charge-offs (annualized) | 3.26% (p99 of band) | |
| Reserve coverage of noncurrent | 77.54% | |
| Real estate % of loans | 78% | |
| Construction % of loans | 101.55% (p88 of band) | |
| Auto loans | $866,000 (0.08% of loans; DQ 1.85%, NCO 0.00%) | |
| Loans to nondepository financials | $5.3M (5% of equity) (p83 of band) | |
| Deposits YoY | -18.8% | |
| Employees | 129 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **leverage <7%** (`cap_low`)
- **losing money** (`earn_negative`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | brokered >10%, wholesale funding >15%, leverage <7%, reserve under noncurrent |  |
| 2011-06 | 7 | losing money, expense ratio p90, construction >100% equity |  |
| 2011-09 | 5 |  | brokered >10%, wholesale funding >15% |
| 2011-12 | 5 |  |  |
| 2012-03 | 7 | charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving | losing money, expense ratio p90 |
| 2012-06 | 6 |  | construction >100% equity |
| 2012-09 | 4 |  | deposits shrinking, assets shrinking |
| 2012-12 | 6 | noncurrent p90, deposits shrinking, assets shrinking | leverage <7% |
| 2013-03 | 3 |  | charge-offs p90, uninsured deposits leaving, noncurrent p90 |
| 2013-06 | 4 | charge-offs p90 |  |
| 2013-09 | 3 |  | charge-offs p90 |
| 2013-12 | 0 |  | reserve under noncurrent, deposits shrinking, assets shrinking |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 6 | brokered >10%, wholesale funding >15%, reserve under noncurrent, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-03 | 2 |  | brokered >10%, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2015-06 | 3 | uninsured deposits leaving |  |
| 2015-09 | 0 |  | wholesale funding >15%, reserve under noncurrent, uninsured deposits leaving |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 2 | brokered >10%, wholesale funding >15% |  |
| 2016-09 | 1 | capital falling | brokered >10%, wholesale funding >15% |
| 2016-12 | 0 |  | capital falling |
| 2017-03 | 1 | brokered >10% |  |
| 2017-06 | 2 | wholesale funding >15% |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | construction >100% equity |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 0 |  | brokered >10%, wholesale funding >15%, construction >100% equity |
| 2018-09 | 2 | brokered >10%, construction >100% equity |  |
| 2018-12 | 1 |  | brokered >10% |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | uninsured deposits leaving |  |
| 2019-09 | 3 | brokered >10%, capital falling | uninsured deposits leaving |
| 2019-12 | 2 |  | capital falling |
| 2020-03 | 1 |  | brokered >10% |
| 2020-06 | 4 | loans exceed deposits, wholesale funding >15%, capital falling |  |
| 2020-09 | 3 |  | capital falling |
| 2020-12 | 2 |  | wholesale funding >15% |
| 2021-03 | 2 | capital falling | loans exceed deposits |
| 2021-06 | 1 |  | capital falling |
| 2021-09 | 2 | loans exceed deposits |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | loans exceed deposits |
| 2022-06 | 2 | charge-offs p90 |  |
| 2022-09 | 4 | loans exceed deposits, wholesale funding >15% |  |
| 2022-12 | 5 | capital falling |  |
| 2023-03 | 4 | brokered >10% | charge-offs p90, capital falling |
| 2023-06 | 4 |  |  |
| 2023-09 | 4 |  |  |
| 2023-12 | 6 | liquid assets <10%, capital falling |  |
| 2024-03 | 7 | uninsured deposits leaving |  |
| 2024-06 | 7 |  |  |
| 2024-09 | 6 | charge-offs p90, reserve under noncurrent | loans exceed deposits, liquid assets <10%, capital falling |
| 2024-12 | 9 | leverage <7%, losing money, noncurrent p90 |  |
| 2025-03 | 7 |  | charge-offs p90, losing money |
| 2025-06 | 7 | charge-offs p90 | leverage <7% |
| 2025-09 | 9 | deposits shrinking, assets shrinking |  |
| 2025-12 | 10 | losing money |  |
| 2026-03 | 9 |  | charge-offs p90 |
| 2026-06 | 11 | leverage <7%, charge-offs p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-08-21 [Alabama’s SouthPoint under fire by the Fed - Banking Dive](https://news.google.com/rss/articles/CBMiigFBVV95cUxQQVlxTzR5ME1TSHdwdVItYmdqZUFmazBodV9UWWVoZVZZVkxmZ3lGeU1xRERIS1ZtUUx1UUdwS2V0SW5Pd3B4djhvcTdTb2FxOXFERFFoZVk1bC1Bc0tOMXBMcDd0UkhlSnFuMmxWbmMwQ2htUi1kRmVTbExnR2c3SWY4QjJGVE8xd0E?oc=5) · Banking Dive
- 2026-08-20 [Federal Reserve orders oversight measures on Birmingham’s SouthPoint Bancshares - AL.com](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQVWoxYlhqQUhpWmwxM1NUbHlOUGd3WXlTQ2t4UnluWGFLVXJjYXlPRzVsT0dNS3JJYnlreGpUQUpMQUl6dW9fZ1NmcXJpRU82VUR6SjRPWGVhRC1wNXgzUksxc0VOcXpZZFE5enNEeGNQd0VGX01oMk5hUldqbUUwQXNxem9mUHdKNmhGSXJhYURZTHVmd3NlYWNjdFNQNGZGUkZwLUxyal96RUgzeFhRbU1UN1ZqTzI4VDNB?oc=5) · AL.com
- 2026-08-17 [SouthPoint continues in spotlight through bankruptcy filing - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxNOEd4WDlqWHJOa2k4VzJHUGljd1Y1Vloxb2g0WVBVY1Qyd1FGTHU1M3NpNGdGZDMxWFUtMFZERWhrWmdBdTJNUWZ0U01YajJQT1I0bXlEOWVEbThIS2RHYV9EZW9rWU1vSGtSMmN5STVUN29CU2daSDdVbFhxV1kxaWlyWjJKQWFGUXNKWGZfSVBKWjVueDkwSTdSUEpWcWw2RVRYd0RqUm0zSzFp?oc=5) · The Business Journals
- 2025-12-29 [FDIC Requires SouthPoint Bank to Improve Credit Risk Management - PYMNTS.com](https://news.google.com/rss/articles/CBMisAFBVV95cUxPYV9QTGNKOElETnhVRFNHby0xLW9VeEE1eV9xSVYyQ3RUeThrV1Z2M3BFanluWS1peHdHaGNpZWlOTjdjaVBVOWphaHRHMk1ZVFVYaThDTnBzQU5taDJ5SFBoNlB0N2lHY2VQdVJpUmNwS3FOZnRGV2VlLTlqbGVqa3MzemRUS3RkVnJhSUxpTVdGZXdjbF92QnBFOV9felczbEFUUFNqZzh5cU5mRHMxLQ?oc=5) · PYMNTS.com
- 2026-08-20 [SouthPoint Bancshares faces formal enforcement action as regulators tighten oversight - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxQNDN6RzZjLVdOZjBCanZ0a3pFWkZObFJfX2U2UlpfcmdmRnFZeExCVXM1NVpIaG9xbFN3VzFwTHc0ekZTWUh1THdYbWU0TWxjM3VNMlhWVjlUcWczQzFmbzBRYXFURHZKeklnaXJVYTdWcDNZZk1TcVBDMGlNYUpNRjRpTXZjQUl0MDZPWW5NWTB4d05BWThwTi1fZ2puYmhX?oc=5) · The Business Journals
- 2026-08-06 [SouthPoint Bank emerges as largest creditor in Nick Pihakis bankruptcy filing - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxNbnB5UGJkYk94dUFZRmtmQkg4YTZWYlpuN2lCcWo4d240UTFyblRCRnAtNUlwa2JsdnU3N19PUFVTQ1Y4NHNpQktscUE1b0RuN2tKMG5YYlZyb0NGYTFoeXlUY3Ntbi1oZ3pleVJDRHVBZUhwdEl0czNvZWZ6YjVDWUI1SHA3TkZBWDJ4elJiTjFTLVhGVU9Ldk1xYkdvQTg?oc=5) · The Business Journals
- 2021-08-30 [SouthPoint and Merchants banks agree on Merger - Banking Exchange](https://news.google.com/rss/articles/CBMinAFBVV95cUxPTFA4eUU1RTlkelNaeXVteldfU0tEMUk4MUoyMWwwQzFBdzFwcWJ5RlNCd3ZlRWhldEExSVVkUVh1SjNNUWpIN1ctWUhkZ2xHZEstZDNsNi14VzFOLVM3WGlYN0g4Zng3YmxNOHpmaFJhdUFSSjFYVXRHcDlWWjAxSkRhTVJKdWVXRThsZUVOOTU4RjBhSkZCYTNzRzc?oc=5) · Banking Exchange
- 2026-05-19 [SouthPoint filings, lawsuits shed light on credit problems behind FDIC action - The Business Journals](https://news.google.com/rss/articles/CBMilgFBVV95cUxNT2l1ZkhIWXk5STU2RngtVENsekpSRUxka3ZOZ05faGFEMWp4U2FmLUdmTVZ2YThuaTk5LTlHX3F6QmxkdWMtVXpYVzhqWWtXOFVpbkl4dGNPQnptSVE3RmFpZlFHWWJYZlNBUENIX3JuMVBCOVE0aDR1LUI3a3hoWlNhLW5FbmVMY1Q5c3pKWHdNWEhsREE?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58088 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/40.json (key "58088", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide