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First National Bank Northwest Florida

Panama City, FL · Cert 25122

FDIC · 2 branches

Q2 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2024, the quarter ended June 30, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=819 to 825). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

95

Q2 2024Q2 2024peer median (50)

Asset Quality

100

Q2 2024Q2 2024peer median (50)

Profitability

85

Q2 2024Q2 2024peer median (50)

Liquidity

0

Q2 2024Q2 2024peer median

Efficiency

96

Q2 2024Q2 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First National Bank Northwest Florida

Panama City, FL · Cert 25122

FDIC · 2 branches

Q2 2024

$175.8MAssets
$59.1MLoans
$147.6MDeposits
$27.2MEquity
Loan mix
99%RE $41.0M1%C&I $0.6M0%Consumer $0.0MQ3 2022Q2 2024
Deposit mix
76%Interest-bearing $112.8M24%Noninterest $34.8MQ3 2022Q2 2024

Market Position · Panama City-Panama City Beach, FL · 2024 SOD (annual) · 3.0% share · #10 of 20 inst. · $0.1B of $4.8B

Executive Summary

  • Earnings: ROA of 1.95%, up 28 bps year over year; NIM at 4.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.66%, up 214 bps from a year ago.
  • Funding: loans stand at 40.07% of deposits as of Q2 2024.

Return on Assets (YTD, annualized)

1.95%+28 bps YoY

Net Interest Margin (YTD, annualized)

4.17%-5 bps YoY

Efficiency Ratio (YTD, annualized)

41.59%-729 bps YoY

Tier 1 Leverage Ratio

15.66%+214 bps YoY

NIM

1.77%Q2 ’224.91%Q2 ’235.83%Q2 ’24+144%-1%

Non-interest income vs. expense

1.40%Q2 ’222.10%Q2 ’231.77%Q2 ’24+122%-17%

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets0.81%1.01%1.64%1.67%1.68%1.67%2.00%1.95%+28 bps
Return on Equity8.47%10.19%13.40%13.16%12.83%12.51%13.75%13.13%-3 bps
Net Interest Margin2.14%2.74%3.97%4.21%4.35%4.36%4.15%4.17%-5 bps
Efficiency Ratio59.75%56.38%48.41%48.89%49.80%50.07%40.65%41.59%-729 bps
Non-Interest Burden1.14%1.41%1.88%2.01%2.12%2.13%1.63%1.68%-33 bps
Growth
Asset Growth (YoY)-4.70%-9.77%-17.30%-29.32%-20.82%-9.09%0.10%3.88%+3,320 bps
Loan Growth (YoY)-18.07%1.88%3.14%20.97%8.05%3.57%-1.26%-2.12%-2,309 bps
Deposit Growth (YoY)-6.14%-11.92%-20.55%-33.27%-24.62%-12.36%-2.00%1.75%+3,502 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%-0.01%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans2.18%2.03%2.01%2.03%1.97%1.92%2.03%2.07%+4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.81%10.75%12.62%13.52%14.46%15.13%14.90%15.66%+214 bps
Total Risk-Based Capital45.14%41.58%43.10%44.00%44.65%45.63%49.69%52.75%+876 bps
Equity / Assets10.26%11.62%12.87%13.71%14.24%14.53%14.60%15.49%+178 bps
Liquidity & Funding
Loans / Deposits30.09%36.81%39.33%41.65%43.13%43.51%39.63%40.07%-158 bps
Liquid Assets / Assets70.45%64.61%62.88%61.21%60.37%60.22%63.84%63.75%+254 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

First National Bank Northwest Florida

Panama City, FL · Cert 25122 · Peer group: banks under $1B in assets operating in a single state (n=819-825)

FDIC · 2 branches

Q2 2024

$175.8MAssets
$59.1MLoans
$147.6MDeposits
$27.2MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 132 of 819).
  • Widest gap: return on equity trails 26% of banks under $1B in assets operating in a single state (rank 214 of 823).
  • Overall: at or above the peer median on 9 of 9 directional measures.

Return on Assets

1.95%

Rank 44 of 825

Net Interest Margin

4.17%

Rank 125 of 823

Efficiency Ratio

41.59%

Rank 34 of 825

Equity / Assets

15.49%

Rank 99 of 825

Non-interest income vs. expense

$0.2M$3.1MINCOMEEXPENSE
Unfavorable gap of $2.9M · efficiency ratio beats 96% of banks under $1B in assets operating in a single state
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.95%0.44%0.82%1.20%Beats 95%44 / 825n/a
Return on Equity12.61%4.83%8.68%12.76%Beats 74%214 / 823n/a
Net Interest Margin4.17%2.67%3.21%3.78%Beats 85%125 / 823n/a
Efficiency Ratio41.59%60.48%70.66%82.88%Beats 96%34 / 825n/a
Asset Quality
Nonperforming Loans / Loans0.00%0.04%0.33%0.89%Beats 100%132 / 819n/a
Net Charge-Offs / Loans0.00%n/a0.01%0.04%Beats 100%221 / 819n/a
Capital
Tier 1 Capital Ratio51.49%11.27%13.54%17.30%Beats 98%16 / 825n/a
Total Risk-Based Capital Ratio52.75%11.58%14.22%17.83%Beats 98%16 / 825n/a
Equity / Assets15.49%7.81%9.47%12.02%Beats 88%99 / 825n/a
Liquidity & Funding
Loans / Deposits40.07%59.04%76.96%89.87%6th pctl773 / 825n/a
Loans / Assets33.64%51.66%65.27%75.68%5th pctl778 / 819n/a
Brokered Deposits / Depositsn/aNot reported for this institution