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 (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.04% | 1.64% | 1.64% | 1.71% | 1.71% | 1.67% | 2.00% | 1.89% | +18 bps | |
| Return on Equity | 10.91% | 15.00% | 13.40% | 12.84% | 12.22% | 11.60% | 13.75% | 12.55% | -29 bps | |
| Net Interest Margin | 2.86% | 3.94% | 3.97% | 4.21% | 4.37% | 4.28% | 4.15% | 4.14% | -7 bps | |
| Efficiency Ratio | 54.36% | 49.49% | 48.41% | 49.36% | 51.59% | 50.93% | 40.65% | 42.55% | -681 bps | |
| Non-Interest Burden | 1.53% | 1.92% | 1.88% | 2.02% | 2.20% | 2.13% | 1.63% | 1.71% | -31 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 / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | -0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 2.18% | 2.03% | 2.01% | 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 | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.81% | 10.75% | 12.62% | 13.52% | 14.46% | 15.13% | 14.90% | 15.66% | +214 bps | |
| Total Risk-Based Capital | 45.14% | 41.58% | 43.10% | 44.00% | 44.65% | 45.63% | 49.69% | 52.75% | +876 bps | |
| Equity / Assets | 10.26% | 11.62% | 12.87% | 13.71% | 14.24% | 14.53% | 14.60% | 15.49% | +178 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 30.09% | 36.81% | 39.33% | 41.65% | 43.13% | 43.51% | 39.63% | 40.07% | -158 bps | |
| Liquid Assets / Assets | 70.45% | 64.61% | 62.88% | 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 | n/a | n/a | n/a |