Fort Walton Beach, FL · Cert 57131
FDIC · 7 branches
Q2 2022
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2022, the quarter ended June 30, 2022, 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 57131
FDIC · 7 branches
Q2 2022
Market Position · Pensacola-Ferry Pass-Brent, FL · 2022 SOD (annual) · 2.0% share · #13 of 22 inst. · $0.2B of $8.6B
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 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.49% | -0.17% | 0.34% | 0.38% | 0.38% | 0.39% | 0.42% | 0.67% | +29 bps | |
| Return on Equity | -3.30% | -1.20% | 2.59% | 2.88% | 2.84% | 2.88% | 3.12% | 5.00% | +212 bps | |
| Net Interest Margin | 2.68% | 2.82% | 2.79% | 2.74% | 2.83% | 2.84% | 2.83% | 2.96% | +21 bps | |
| Efficiency Ratio | 105.10% | 96.82% | 84.44% | 83.45% | 84.09% | 84.67% | 84.44% | 78.53% | -493 bps | |
| Non-Interest Burden | 2.64% | 2.48% | 2.01% | 1.97% | 2.10% | 2.15% | 2.12% | 1.96% | -1 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 15.77% | 12.40% | 24.18% | 5.88% | 4.65% | 4.15% | 1.12% | 2.83% | -305 bps | |
| Loan Growth (YoY) | 36.89% | 23.00% | 22.12% | 2.12% | -0.43% | 6.20% | 6.51% | 14.29% | +1,217 bps | |
| Deposit Growth (YoY) | 6.72% | 10.49% | 32.23% | 15.27% | 13.11% | 10.20% | 1.75% | 1.07% | -1,420 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.27% | 0.24% | 0.21% | 0.13% | 0.05% | 0.05% | 0.00% | 0.04% | -10 bps | |
| Net Charge-Offs / Loans | -0.04% | -0.03% | 0.03% | -0.04% | -0.05% | -0.09% | -0.02% | -0.02% | +2 bps | |
| Allowance / Loans | 1.08% | 1.14% | 1.12% | 1.20% | 1.22% | 1.24% | 1.20% | 1.13% | -7 bps | |
| Allowance Coverage of NPLs | 4.0x | 4.7x | 5.4x | 9.2x | 24.8x | 25.5x | n/a | 32.1x | +23.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.15% | 10.20% | 9.91% | 9.70% | 9.78% | 9.77% | 10.04% | 9.90% | +20 bps | |
| Total Risk-Based Capital | 14.32% | 14.38% | 14.33% | 14.14% | 13.77% | 13.75% | 12.82% | 12.52% | -162 bps | |
| Equity / Assets | 13.63% | 13.70% | 12.92% | 13.26% | 13.52% | 13.58% | 13.18% | 13.43% | +17 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 103.00% | 95.55% | 88.49% | 88.28% | 90.67% | 92.09% | 92.63% | 99.83% | +1,155 bps | |
| Liquid Assets / Assets | 7.98% | 13.27% | 17.61% | 17.47% | 16.93% | 16.24% | 12.01% | 6.28% | -1,119 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |