Fort Walton Beach, FL · Cert 16748
FDIC · 2 branches
Q3 2020
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2020, the quarter ended September 30, 2020, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Fort Walton Beach, FL · Cert 16748
FDIC · 2 branches
Q3 2020
Market Position · Crestview-Fort Walton Beach-Destin, FL · 2020 SOD (annual) · 2.1% share · #13 of 24 inst. · $0.1B of $6.4B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.54% | -0.52% | -0.63% | -0.53% | -0.48% | -1.06% | -1.12% | -1.46% | -93 bps | |
| Return on Equity | -21.70% | -21.09% | -25.32% | -21.39% | -19.33% | -43.90% | -48.25% | -68.64% | -4,725 bps | |
| Net Interest Margin | 2.91% | 3.17% | 3.30% | 3.39% | 3.46% | 3.03% | 2.81% | 2.78% | -62 bps | |
| Efficiency Ratio | 110.46% | 114.97% | 117.83% | 114.69% | 113.04% | 130.25% | 134.93% | 148.18% | +3,349 bps | |
| Non-Interest Burden | 3.30% | 3.70% | 3.94% | 3.94% | 3.96% | 4.09% | 3.93% | 4.25% | +31 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -16.16% | -13.45% | -15.13% | -12.63% | -10.47% | -11.08% | -9.65% | -6.52% | +611 bps | |
| Loan Growth (YoY) | -15.21% | -14.14% | -10.42% | -17.50% | -20.34% | -27.75% | -30.52% | -28.27% | -1,077 bps | |
| Deposit Growth (YoY) | -17.03% | -14.25% | -16.02% | -13.42% | -11.14% | -11.83% | -2.62% | 1.54% | +1,496 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 10.45% | 9.81% | 10.23% | 7.36% | 6.61% | 6.84% | 4.23% | 1.65% | -571 bps | |
| Net Charge-Offs / Loans | 0.15% | -0.48% | 0.08% | 1.18% | 0.93% | -0.22% | 1.26% | 0.89% | -29 bps | |
| Allowance / Loans | 2.58% | 2.81% | 2.72% | 2.17% | 2.31% | 2.71% | 2.20% | 2.37% | +20 bps | |
| Allowance Coverage of NPLs | 0.2x | 0.3x | 0.3x | 0.3x | 0.3x | 0.4x | 0.5x | 1.4x | +1.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 2.54% | 2.54% | 2.42% | 2.40% | 2.42% | 2.20% | 1.94% | 1.41% | -99 bps | |
| Total Risk-Based Capital | 4.68% | 4.60% | 4.47% | 4.60% | 4.67% | 4.52% | 4.33% | 3.74% | -86 bps | |
| Equity / Assets | 2.50% | 2.46% | 2.45% | 2.44% | 2.44% | 2.36% | 2.13% | 1.55% | -89 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 69.54% | 67.95% | 69.21% | 64.07% | 62.34% | 55.68% | 49.39% | 45.26% | -1,880 bps | |
| Liquid Assets / Assets | 5.57% | 6.29% | 5.36% | 8.94% | 10.72% | 13.73% | 18.79% | 27.50% | +1,856 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |