Southport Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.75% | 5-year CD | 60 Month CD Special 2.25% - Bank of Internet USA 60 Month CD |
| 0.35% | 1-year CD | 1 Year CD |
| 0.05% | Savings | Statement Savings |
Southport Bank is headquartered in Kenosha and is the 78th largest bank in the state of Wisconsin. It is also the 2,292nd largest bank in the nation. It was established in 1997 and as of June of 2017, it had grown to 60 employees at 3 locations. Southport Bank has an A health rating.
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Southport Bank Review
I've been with Southport Bank since I was 18. They are a local bank that operates in my county and I've been fairly loyal to them, having not switched in over a decade. I've always thought their fees were fair, even when I had overdrafts. I've over-drafted a lot in the past and would end up getting gouged but I now have overdraft protection which I personally enjoy more because I'd rather not take the 7 dollars a day fee that I was accruing. Their staff is friendly and reliable (they always say hello the instant you walk in no matter what they are doing) and will help you out even when you screw up. I do additionally like that they have free cookies and coffee at each of their locations, but that is just a bonus. I get 4 free withdrawals from non-Southport Bank ATMs a month, which I think is perfectly fair, and my Checking is free with no minimum balance. Overall I think they are great; I don't know much about their other financial services, but at least for me the free checking has been totally worth it. I'll be interested in their savings accounts when I actually have money to save.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34289 |
| Year Established | 1997 |
| Employees | 60 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.35% |
| Return on Equity - YTD | 12.36% |
| Annual Interest Income | $5.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $285.3MM$277.9MM |
| Loans | Q2 2017vs Q2 2016 | $243.3MM$220.9MM |
| Deposits | Q2 2017vs Q2 2016 | $233.4MM$232.7MM |
| Equity Capital | Q2 2017vs Q2 2016 | $30.9MM$27.4MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $4.3MM$4.8MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $1.6MM$2.5MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $0$284.00K |
Always verify rates and promotions with the bank or credit union. We are not Southport Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Southport Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $25k* | - | Health Savings Accounts | ||
| OTHER TIERS: 0.20% → $250 - $2,500 | 0.25% → $2,500 - $10k | 0.30% → $10k - $25k | |||||
| 0.20% | - | - | Holiday Savings | ||
| 0.05% | - | - | Statement Savings | ||
| 0.05% | - | - | Minor Statement Savings | ||
Southport Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $100k* | - | Money Market Accounts | ||
| OTHER TIERS: 0.05% → Up to $25k | 0.10% → $25k - $100k | |||||
| 0.10%* | $25k* | - | Money Market IRA | ||
| OTHER TIERS: 0.05% → Up to $25k | |||||
Southport Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $50k* | - | Premium Rewards Checking | ||
| OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $50k | |||||
Southport Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.75% | $1k | - | 5 Year CD | |
| 1.75% | $5k | - | 60 Month CD Special | |
| 1.50% | $1k | - | 4 Year CD | |
| 1.25% | $1k | - | 3 Year CD | |
| 1.15% | $5k | - | 20 Month CD Special | |
| 1.00% | $1k | - | 2 Year CD | |
| 0.35% | $1k | - | 1 Year CD | |
| 0.15% | $1k | - | 6 Month CD | |
| 0.10% | $1k | - | 3 Month CD | |
| 0.05% | $1k | - | 1 Month CD |
Southport Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.75% | $1k | - | 5 Year IRA | |
| 1.75% | $5k | - | 60 Month IRA Special | |
| 1.50% | $1k | - | 4 Year IRA | |
| 1.25% | $1k | - | 3 Year IRA | |
| 1.15% | $5k | - | 20 Month IRA Special | |
| 1.00% | $1k | - | 2 Year IRA | |
| 0.35% | $1k | - | 1 Year IRA | |
| 0.15% | $1k | - | 6 Month IRA | |
| 0.10% | $1k | - | 3 Month IRA | |
| 0.05% | $1k | - | 1 Month IRA |
| Southport Bank Locations | ||
|---|---|---|
| Somers Branch | 1350 22nd Avenue | Kenosha, WI 53140 |
| Paddock Lake Branch | 23604 75th Street | Salem, WI 53168 |
| Southport Bank | 7027 Green Bay Road | Kenosha, WI 53142 |