Cortez Community Bank
Brooksville, FL
$66.3M
total assets, March 31, 2011
$66.3M
total assets, March 31, 2011
Cortez Community Bank was a state nonmember bank in Brooksville, FL. It failed on Apr 29, 2011, and Premier American Bank, National Association took over its deposits. At its last report it held $66.3 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2011
This bank failed
- Failed on
- Apr 29, 2011
- Assets
- $66.3M
- Deposits
- $65.4M
- Estimated cost
- $17.2M
- Deposits went to
- Premier American Bank, National Association, Miami, FL
Total assets
$66.3M
-19.9% in a year · +5.3% in a quarter
Deposits
$65.4M
+6.7% in a year · +6.5% in a quarter
Loans
$43.4M
-27.5% in a year · -8.1% in a quarter
Profit so far
-$460K
Jan 1 to Mar 31, 2011
Capital ratio
-9.61%
-22.91 pts in a year
Return on assets
-2.85%
+0.10 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1000 South Broad Street, Brooksville, FL, 34601
- County
- Hernando
- Established
- Jan 26, 2004
- Failed
- Apr 29, 2011
- Employees
- 20
- Branches
- 2
- Id
- b57625
Quarter by quarter
March 31, 2004 to March 31, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Cortez Community Bank?
$66.3 million in total assets and $65.4 million in deposits as of March 31, 2011, with assets down 19.9% from a year before. Its loans were $43.4 million.
How many branches does Cortez Community Bank have?
2 branches in Florida as of June 30, 2026.
Is Cortez Community Bank profitable?
No: it lost $460,000 from January 1 to March 31, 2011. Its return on assets was -2.85% a year; about 1% is typical.
When did Cortez Community Bank fail?
Apr 29, 2011. Premier American Bank, National Association of Miami, FL took over its deposits. The estimated cost of the failure was $17.2 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.