The Graveyard › Banks › 2011

Cortez Community Bank

Brooksville, FL · failed April 29, 2011 · FDIC certificate 57625

Cortez Community Bank of Brooksville, FL failed on April 29, 2011. It opened on January 26, 2004, 7 years before. At its last report before that it held $66.3 million in assets and $65.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2009, it held $86.3 million. The FDIC estimates that the Deposit Insurance Fund lost $17.2 million on it.

2004-032011-03

Assets at the end$66.3 millionlast report before April 29, 2011

Deposits at the end$65.4 million

Estimated loss to the fund$17.2 millionDIF

Largest in the quarterly reports$86.3 millionJune 30, 2009

Equity to assets-9.6%March 31, 2011

Loans not being repaid30.4%noncurrent, March 31, 2011

Return on assets-2.85%a year's rate, March 31, 2011

Staff20full time, March 31, 2011

On the FDIC's list: CORTEZ COMMUNITY BANK.

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Also ended in 2011

Superior Bank · Birmingham, AL · $3.0 billion in assets
First Community Bank · Taos, NM · $2.2 billion in assets
United Western Bank · Denver, CO · $2.2 billion in assets
Integra Bank National Association · Evansville, IN · $2.0 billion in assets
Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
Community Banks of Colorado · Greenwood Village, CO · $1.3 billion in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.