Cortez Community Bank
Brooksville, FL — Non-member Bank
Acquired Apr 2011
Vitals
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Total Assets66.3M -19.9 %
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Total Deposits65.4M 6.7 %
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Total Net Loans37.1M -37.1 %
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Net Income-460000.0000 23.8 %
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Book Value-6373000.0000 -158.2 %
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Book Value x2-12746000.0000 -158.2 %
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Book Value x3-19119000.0000 -158.2 %
Balance Sheet Highlights
| Financial Highlights | Cortez Community Bank | All Insured Commercial Banks in Florida |
| Balance Sheet $(000) | ||
| Total Assets | 66,282 | 319,245 |
| Total Net Loans | 37,113 | 198,982 |
| Total Deposits | 65,439 | 266,948 |
| Total Equity | -6,373 | 28,898 |
| Profitability | ||
| Net Income | -460 | -122 |
| Return on Average Assets | -2.773 | -.373 |
| Return on Average Equity | — | -7.182 |
| Net Interest Margin | 1.279 | 3.464 |
| Efficiency Ratio | 318.667 | 93.024 |
| Noninterest Income/Revenue | 17.229 | 9.304 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 56.714 | 74.201 |
| Securities/Assets | .168 | |
| Total Equity/Total Assets | -.096 | .091 |
| Tangible Equity/Tangible Assets | -.096 | .089 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | -6,373 | 26,479 |
| Tier 2 Capital | — | 2,673 |
| Total Capital | -6,373 | 29,210 |
| Total Risk Weighted Assets | 42,813 | 210,319 |
| Leverage Ratio | -9.6 | 8.621 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | -14.89 | 12.938 |
| Total Capital Ratio | -14.89 | 14.254 |
Timeline for Cortez Community Bank
Cortez Community Bank was acquired by 13 years
Apr 30 2011
Florida Community Bank, National Association
Cortez Community Bank was acquired by Florida Community Bank, National Association 13 years
View Profile Apr 30 2011
Cortez Community Bank
Cortez Community Bank was established 20 years ago and is currently headquartered in Brooksville, FL.
Jan 26 2004| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Florida Community Bank, National Association | Buyer | 8,387,105 | Failure | 4/30/2011 |
| Relationships | Role | Relationship Start | Relationship End |
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