Sunshine State Community Bank
Port Orange, FL · Owner: Sunshine Bankshares Inc
$126M
total assets, December 31, 2010
$126M
total assets, December 31, 2010
Sunshine State Community Bank was a state nonmember bank in Port Orange, FL, owned by Sunshine Bankshares Inc. It failed on Feb 11, 2011, and Premier American Bank, National Association took over its deposits. At its last report it held $125.5 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2010
This bank failed
- Failed on
- Feb 11, 2011
- Assets
- $126M
- Deposits
- $117M
- Estimated cost
- $32.3M
- Deposits went to
- Premier American Bank, National Association, Miami, FL
Total assets
$126M
-11.8% in a year · -10.0% in a quarter
Deposits
$117M
-8.7% in a year · -10.0% in a quarter
Loans
$85.2M
-18.2% in a year · -6.3% in a quarter
Profit so far
-$6.1M
Jan 1 to Dec 31, 2010
Capital ratio
1.33%
-3.83 pts in a year
Return on assets
-4.34%
-0.15 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 4777 Clyde Morris Boulevard, Port Orange, FL, 32129
- County
- Volusia
- Holding company
- Sunshine Bankshares Inc
- Established
- Jul 24, 2000
- Failed
- Feb 11, 2011
- Employees
- 42
- Branches
- 5
- Id
- b35478
Quarter by quarter
September 30, 2000 to December 31, 2010
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 Sunshine State Community Bank?
$125.5 million in total assets and $116.7 million in deposits as of December 31, 2010, with assets down 11.8% from a year before. Its loans were $85.2 million.
How many branches does Sunshine State Community Bank have?
5 branches in Florida as of June 30, 2026.
Is Sunshine State Community Bank profitable?
No: it lost $6.09 million from January 1 to December 31, 2010. Its return on assets was -4.34% a year; about 1% is typical.
Who owns Sunshine State Community Bank?
Sunshine State Community Bank is owned by Sunshine Bankshares Inc, its holding company.
When did Sunshine State Community Bank fail?
Feb 11, 2011. Premier American Bank, National Association of Miami, FL took over its deposits. The estimated cost of the failure was $32.3 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.