Southshore Community Bank
Apollo Beach, FL
$41.3M
total assets, June 30, 2011
$41.3M
total assets, June 30, 2011
Southshore Community Bank was a state nonmember bank in Apollo Beach, FL. It failed on Jul 22, 2011, and American Momentum Bank took over its deposits. At its last report it held $41.3 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2011
This bank failed
- Failed on
- Jul 22, 2011
- Assets
- $41.3M
- Deposits
- $41.4M
- Estimated cost
- $11.4M
- Deposits went to
- American Momentum Bank, Tampa, FL
Total assets
$41.3M
-13.4% in a year · -11.0% in a quarter
Deposits
$41.4M
-8.3% in a year · -8.6% in a quarter
Loans
$31.7M
-14.0% in a year · +1.3% in a quarter
Profit so far
-$2.1M
Jan 1 to Jun 30, 2011
Capital ratio
-0.77%
-5.29 pts in a year
Return on assets
-9.33%
-7.45 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 5998 Us Hwy 41 North Suite A, Apollo Beach, FL, 33572
- County
- Hillsborough
- Established
- Sep 12, 2005
- Failed
- Jul 22, 2011
- Employees
- 11
- Branches
- 2
- Id
- b58056
Quarter by quarter
September 30, 2005 to June 30, 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 Southshore Community Bank?
$41.3 million in total assets and $41.4 million in deposits as of June 30, 2011, with assets down 13.4% from a year before. Its loans were $31.7 million.
How many branches does Southshore Community Bank have?
2 branches in Florida as of June 30, 2026.
Is Southshore Community Bank profitable?
No: it lost $2.12 million from January 1 to June 30, 2011. Its return on assets was -9.33% a year; about 1% is typical.
When did Southshore Community Bank fail?
Jul 22, 2011. American Momentum Bank of Tampa, FL took over its deposits. The estimated cost of the failure was $11.4 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.