Panama City, FL · Cert 25122
FDIC · 2 branches
Q2 2024
Market Position · Panama City-Panama City Beach, FL · 2024 SOD (annual) · 3.0% share · #10 of 20 inst. · $0.1B of $4.8B
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 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 1.67% | 1.68% | 1.67% | 2.00% | 1.95% | +28 bps | |
| Return on Equity | 13.16% | 12.83% | 12.51% | 13.75% | 13.13% | -3 bps | |
| Net Interest Margin | 4.21% | 4.35% | 4.36% | 4.15% | 4.17% | -5 bps | |
| Efficiency Ratio | 48.89% | 49.80% | 50.07% | 40.65% | 41.59% | -729 bps | |
| Non-Interest Burden | 2.01% | 2.12% | 2.13% | 1.63% | 1.68% | -33 bps | |
| Growth | |||||||
| Asset Growth (YoY) | -29.32% | -20.82% | -9.09% | 0.10% | 3.88% | +3,320 bps | |
| Loan Growth (YoY) | 20.97% | 8.05% | 3.57% | -1.26% | -2.12% | -2,309 bps | |
| Deposit Growth (YoY) | -33.27% | -24.62% | -12.36% | -2.00% | 1.75% | +3,502 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 2.03% | 1.97% | 1.92% | 2.03% | 2.07% | +4 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | |||||||
| Tier 1 Leverage Ratio | 13.52% | 14.46% | 15.13% | 14.90% | 15.66% | +214 bps | |
| Total Risk-Based Capital | 44.00% | 44.65% | 45.63% | 49.69% | 52.75% | +876 bps | |
| Equity / Assets | 13.71% | 14.24% | 14.53% | 14.60% | 15.49% | +178 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 41.65% | 43.13% | 43.51% | 39.63% | 40.07% | -158 bps | |
| Liquid Assets / Assets | 61.21% | 60.37% | 60.22% | 63.84% | 63.75% | +254 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a |