The Graveyard › Banks › 2011
Southshore Community Bank
Apollo Beach, FL · failed July 22, 2011 · FDIC certificate 58056
Southshore Community Bank of Apollo Beach, FL failed on July 22, 2011. It opened on September 12, 2005, 5 years before. At its last report before that it held $41.3 million in assets and $41.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2009, it held $52.5 million. The FDIC estimates that the Deposit Insurance Fund lost $11.4 million on it.
2005-092011-06
Assets at the end$41.3 millionlast report before July 22, 2011
Deposits at the end$41.4 million
Estimated loss to the fund$11.4 millionDIF
Largest in the quarterly reports$52.5 millionJune 30, 2009
Equity to assets-0.8%June 30, 2011
Loans not being repaid16.1%noncurrent, June 30, 2011
Return on assets-9.33%a year's rate, June 30, 2011
Staff11full time, June 30, 2011
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.