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Community Bank, Destin

Destin, FL · Cert 58468

FDIC

Q4 2012

$101.5MAssets
$62.7MLoans
$77.5MDeposits
$23.3MEquity
Loan mix
95%RE $46.1M5%C&I $2.3M1%Consumer $0.3MQ4 2011Q4 2012
Deposit mix
80%Interest-bearing $62.1M20%Noninterest $15.4MQ4 2011Q4 2012

NIM

4.05%Q4 ’104.37%Q4 ’114.16%Q4 ’12+32%+6%

Non-interest income vs. expense

3.82%Q4 ’103.02%Q4 ’112.97%Q4 ’12-21%-1%

Executive Summary

  • Earnings: ROA of 0.45%, up 17 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 80.90% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

0.45%+17 bps YoY

Net Interest Margin (quarter, annualized)

3.77%+23 bps YoY

Efficiency Ratio (quarter, annualized)

72.19%-971 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.28%0.31%0.44%-0.40%0.45%+17 bps
Return on Equity2.51%2.83%4.12%-2.33%1.95%-56 bps
Net Interest Margin3.54%3.92%3.87%-4.18%3.77%+23 bps
Efficiency Ratio81.90%84.86%79.89%77.22%72.19%-971 bps
Non-Interest Burden2.88%3.30%3.06%-3.51%2.84%-4 bps
Growth
Asset Growth (YoY)7.31%8.47%6.46%20.54%22.63%+1,532 bps
Loan Growth (YoY)18.28%15.93%15.01%18.65%6.10%-1,218 bps
Deposit Growth (YoY)7.25%8.78%6.66%4.55%6.02%-123 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.25%1.23%1.25%0.06%0.15%-110 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 Capital13.69%13.34%13.42%13.09%16.49%+280 bps
Equity / Assets11.21%10.76%10.80%22.84%22.94%+1,174 bps
Liquidity & Funding
Loans / Deposits80.83%80.85%81.88%83.64%80.90%+6 bps
Liquid Assets / Assets7.27%9.96%9.28%9.70%11.11%+384 bps
CRE / Total Capitaln/an/an/an/an/an/an/a