PackageTrendsPeer
Letter portraitLegal landscape

Destin Bank

Destin, FL · Cert 32321

FDIC

Q1 2005

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2005, the quarter ended March 31, 2005, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

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

Destin Bank

Destin, FL · Cert 32321

FDIC

Q1 2005

$528.0MAssets
$387.5MLoans
$427.9MDeposits
$34.8MEquity
Loan mix
71%RE $113.3M28%C&I $45.5M1%Consumer $1.3MQ1 2004Q1 2005
Deposit mix
84%Interest-bearing $358.6M16%Noninterest $69.3MQ1 2004Q1 2005

NIM

5.82%Q1 ’035.45%Q1 ’046.03%Q1 ’05+4%+11%

Non-interest income vs. expense

2.71%Q1 ’032.73%Q1 ’042.27%Q1 ’05+24%-29%

Executive Summary

  • Earnings: ROA of 1.68%, up 57 bps year over year; NIM at 4.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 90.56% of deposits as of Q1 2005.

Financial Results

Return on Assets (YTD, annualized)

1.68%+57 bps YoY

Net Interest Margin (YTD, annualized)

4.30%+43 bps YoY

Efficiency Ratio (YTD, annualized)

43.57%-1,463 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets1.11%1.34%1.36%1.22%1.68%+57 bps
Return on Equity14.88%18.56%18.88%17.15%25.29%+1,041 bps
Net Interest Margin3.87%4.02%3.84%3.79%4.30%+43 bps
Efficiency Ratio58.20%52.80%50.60%55.80%43.57%-1,463 bps
Non-Interest Burden1.91%1.73%1.56%1.79%1.37%-55 bps
Growth
Asset Growth (YoY)12.62%26.90%23.77%30.41%28.13%+1,551 bps
Loan Growth (YoY)24.54%28.80%36.42%43.95%47.04%+2,250 bps
Deposit Growth (YoY)9.93%24.99%20.87%17.53%23.97%+1,404 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%0.10%0.08%0.06%0.02%-11 bps
Allowance / Loans1.12%0.99%1.07%0.97%0.97%-14 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital12.85%11.82%11.59%10.44%10.38%-247 bps
Equity / Assets7.51%6.88%7.14%6.71%6.58%-92 bps
Liquidity & Funding
Loans / Deposits76.36%82.36%82.93%93.59%90.56%+1,421 bps
Liquid Assets / Assets7.34%5.57%5.06%4.08%4.43%-291 bps
CRE / Total Capitaln/an/an/an/an/an/an/a