PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Beach Community Bank

Fort Walton Beach, FL · Cert 57131

FDIC · 7 branches

Q2 2022

$619.2MAssets
$485.5MLoans
$486.3MDeposits
$83.1MEquity
Loan mix
71%RE $280.7M28%C&I $111.0M1%Consumer $3.5MQ3 2020Q2 2022
Deposit mix
71%Interest-bearing $344.9M29%Noninterest $141.4MQ3 2020Q2 2022

Market Position · Pensacola-Ferry Pass-Brent, FL · 2022 SOD (annual) · 2.0% share · #13 of 22 inst. · $0.2B of $8.6B

2.7% Okaloosa
0.3% Hillsborough
2.1% Escambia
1.7% Santa Rosa

Executive Summary

  • Earnings: ROA of 0.67%, up 29 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 0.04% of loans (-10 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 9.90%, up 20 bps from a year ago.
  • Funding: loans stand at 99.83% of deposits as of Q2 2022.

Return on Assets (YTD, annualized)

0.67%+29 bps YoY

Net Interest Margin (YTD, annualized)

2.96%+21 bps YoY

Efficiency Ratio (YTD, annualized)

78.53%-493 bps YoY

Tier 1 Leverage Ratio

9.90%+20 bps YoY

NIM

3.28%Q2 ’203.07%Q2 ’213.17%Q2 ’22+4%+8%

Non-interest income vs. expense

3.67%Q2 ’203.19%Q2 ’213.24%Q2 ’22-14%-1%

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
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 Margin2.68%2.82%2.79%2.74%2.83%2.84%2.83%2.96%+21 bps
Efficiency Ratio105.10%96.82%84.44%83.45%84.09%84.67%84.44%78.53%-493 bps
Non-Interest Burden2.64%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 / Loans0.27%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 / Loans1.08%1.14%1.12%1.20%1.22%1.24%1.20%1.13%-7 bps
Allowance Coverage of NPLs4.0x4.7x5.4x9.2x24.8x25.5xn/a32.1x+23.0x
Capital
Tier 1 Leverage Ratio10.15%10.20%9.91%9.70%9.78%9.77%10.04%9.90%+20 bps
Total Risk-Based Capital14.32%14.38%14.33%14.14%13.77%13.75%12.82%12.52%-162 bps
Equity / Assets13.63%13.70%12.92%13.26%13.52%13.58%13.18%13.43%+17 bps
Liquidity & Funding
Loans / Deposits103.00%95.55%88.49%88.28%90.67%92.09%92.63%99.83%+1,155 bps
Liquid Assets / Assets7.98%13.27%17.61%17.47%16.93%16.24%12.01%6.28%-1,119 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a