Southshore Community Bank
Apollo Beach, FL — Non-member Bank
Acquired Jul 2011
Vitals
-
Total Assets41.3M -13.4 %
-
Total Deposits41.4M -8.3 %
-
Total Net Loans29.4M -17.2 %
-
Net Income-2123000.0000 -361.5 %
-
Book Value-324000.0000 -114.3 %
-
Book Value x2-648000.0000 -114.3 %
-
Book Value x3-972000.0000 -114.3 %
Balance Sheet Highlights
| Financial Highlights | Southshore Community Bank | All Insured Commercial Banks in Florida |
| Balance Sheet $(000) | ||
| Total Assets | 41,252 | 327,698 |
| Total Net Loans | 29,394 | 203,417 |
| Total Deposits | 41,434 | 273,353 |
| Total Equity | -324 | 30,238 |
| Profitability | ||
| Net Income | -2,123 | -300 |
| Return on Average Assets | -9.771 | -.42 |
| Return on Average Equity | -565.882 | -7.465 |
| Net Interest Margin | 3.038 | 3.521 |
| Efficiency Ratio | 178 | 90.569 |
| Noninterest Income/Revenue | 1.624 | 9.559 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 70.942 | 73.874 |
| Securities/Assets | .06 | .167 |
| Total Equity/Total Assets | -.008 | .092 |
| Tangible Equity/Tangible Assets | -.008 | .09 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | -320 | 27,474 |
| Tier 2 Capital | — | 2,727 |
| Total Capital | -320 | 30,333 |
| Total Risk Weighted Assets | 33,849 | 215,719 |
| Leverage Ratio | -.77 | 8.677 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | -.95 | 13.247 |
| Total Capital Ratio | -.95 | 14.562 |
Timeline for Southshore Community Bank
American Momentum Bank
Southshore Community Bank was acquired by American Momentum Bank 12 years
View Profile Jul 23 2011
Southshore Community Bank
Southshore Community Bank was established 18 years ago and is currently headquartered in Apollo Beach, FL.
Sep 12 2005| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| American Momentum Bank | Buyer | 1,130,530 | Failure | 7/23/2011 |
| Relationships | Role | Relationship Start | Relationship End |
Similar Organizations
| Organization | City | State | Total Assets |
|---|---|---|---|
|
First Financial Bank
|
Aneta | ND | 41.3M |
|
Elysian Bank
|
Elysian | MN | 41.5M |
|
Cedar Rapids State Bank
|
Cedar Rapids | NE | 41.7M |
|
The Monitor Bank
|
Big Prairie | OH | 41.9M |
|
Farmers & Merchants Bank Of Hutsonville
|
Hutsonville | IL | 41.2M |
|
Carver State Bank
|
Savannah | GA | 39.7M |
|
Bank Of Palmer
|
Palmer | KS | 42.8M |
|
First State Bank
|
Hordville | NE | 40.8M |
|
Rolette State Bank
|
Rolette | ND | 41.0M |
|
Lamont Bank Of St. John
|
Saint John | WA | 42.8M |