PackageTrendsPeer
Letter portraitLegal landscape

Destin First Bank

Destin, FL · Cert 58370

FDIC · 6 branches

Q3 2019

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: Q3 2019, the quarter ended September 30, 2019, 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 First Bank

Destin, FL · Cert 58370

FDIC · 6 branches

Q3 2019

$438.2MAssets
$246.4MLoans
$372.3MDeposits
$55.1MEquity
Loan mix
94%RE $198.7M5%C&I $10.3M1%Consumer $1.8MQ3 2018Q3 2019
Deposit mix
71%Interest-bearing $263.7M29%Noninterest $108.6MQ3 2018Q3 2019

NIM

3.71%Q3 ’174.15%Q3 ’184.53%Q3 ’19+6%+2%

Non-interest income vs. expense

2.59%Q3 ’172.58%Q3 ’182.53%Q3 ’19-4%+2%

Market Position · Crestview-Fort Walton Beach-Destin, FL · 2019 SOD (annual) · 6.6% share · #7 of 26 inst. · $0.4B of $5.7B

5.9% Okaloosa
8.5% Walton
0.4% Bay

Executive Summary

  • Earnings: ROA of 1.45%, up 10 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.04% of loans (-22 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 12.32%, up 62 bps from a year ago.
  • Funding: loans stand at 66.19% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

1.45%+10 bps YoY

Net Interest Margin (YTD, annualized)

3.46%+7 bps YoY

Efficiency Ratio (YTD, annualized)

58.40%-100 bps YoY

Tier 1 Leverage Ratio

12.32%+62 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets1.36%1.22%1.29%1.39%1.45%+10 bps
Return on Equity12.27%10.85%10.86%11.72%12.08%-19 bps
Net Interest Margin3.38%3.44%3.56%3.49%3.46%+7 bps
Efficiency Ratio59.40%63.62%62.79%59.87%58.40%-100 bps
Non-Interest Burden1.62%1.84%1.93%1.74%1.66%+4 bps
Growth
Asset Growth (YoY)11.67%4.98%3.72%4.88%0.63%-1,104 bps
Loan Growth (YoY)13.67%8.36%7.85%10.70%10.04%-363 bps
Deposit Growth (YoY)11.30%3.12%-0.08%2.37%-2.67%-1,397 bps
Asset Quality
Nonperforming Loans / Loans0.26%0.25%0.23%0.21%0.04%-22 bps
Net Charge-Offs / Loans-0.21%-0.16%0.14%0.06%0.08%+29 bps
Allowance / Loans1.57%1.57%1.45%1.36%1.37%-20 bps
Allowance Coverage of NPLs6.1x6.3x6.3x6.4x36.0x+30.0x
Capital
Tier 1 Leverage Ratio11.70%12.07%12.55%12.30%12.32%+62 bps
Total Risk-Based Capital23.90%24.38%23.42%23.20%24.10%+20 bps
Equity / Assets10.87%11.83%11.93%11.74%12.57%+171 bps
Liquidity & Funding
Loans / Deposits58.55%63.40%65.40%65.72%66.19%+764 bps
Liquid Assets / Assets30.77%26.49%24.89%22.82%23.09%-768 bps
CRE / Total Capitaln/an/an/an/an/an/an/a