Beach Community Bank in Fort Walton Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Beach Community Bank in Fort Walton Beach, Florida (FL)
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Beach Community Bank - Overview

  • General
  • FDIC Certificate #: 57131
    Status: Active
    Federal Reserve ID: 3022076
    Bank Holding Company (Regulatory Top Holder): Beach Community Bancshares, Inc. (RSSDID: 3274996, Location: Fort Walton Beach, FL)
    Date Established: April 27, 2001
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 358301
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 27, 2001
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 17 Southeast Eglin Parkway, Fort Walton Beach, FL 32548
    County: Okaloosa
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Walton Beach, FL (#2750)
    Core Based Statistical Area (CBSA): Crestview-Fort Walton Beach-Destin, FL (#18880)
    CBSA Metro Statistical Area: Crestview-Fort Walton Beach-Destin, FL (#18880)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $610.6 mil
    Equity capital: $38.9 mil
    Deposits held in domestic offices: $531.5 mil
    Return on assets (ROA): -0.82% (-$5.0 mil)
    Quarterly return on assets: -0.55% (-$3.4 mil)
    Return on Equity (ROE): -12.49% (-$4.9 mil)
    Quarterly return on equity: -8.68% (-$3.4 mil)
    Net income: -$5.1 mil
    Quarterly Net income: -$0.9 mil
    Pretax return on assets: -0.82% (-$5,007.1 mil)
    Quarterly Pretax return on assets: -0.55% (-$3,358.4 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 116Total employees (full-time equivalent)
  • $610,619Total assets
  • $10,272Cash and due from depository institutions
  • $8,406Interest-bearing balances
  • $74,438Securities
  • $8Federal funds sold & reverse repurchase agreements
  • $452,157Net loans & leases
  • $8,052Loan loss allowance
  • $0Trading account assets
  • $20,085Bank premises and fixed assets
  • $43,135Other real estate owned
  • $414Goodwill and other intangibles
  • $610,619Life insurance assets
  • $10,110All other assets
  • $571,698Total liabilities and capital
  • $531,486Total liabilities
  • $508,124Total deposits
  • $531,486Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $38,333Trading liabilities
  • $0Other borrowed funds
  • $1,879Subordinated debt
  • $38,921All other liabilities
  • $38,921Total equity capital
  • $38,921Total bank equity capital
  • $0Perpetual preferred stock
  • $6,915Common stock
  • $38,023Surplus
  • $-6,017Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $8,003Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $132,732Income earned, not collected on loans
  • $0Earning assets
  • $2,983Long-term assets (5+ years)
  • $535,009Average Assets, year-to-date
  • $31,695Average Assets, quarterly
  • $628,121Volatile liabilities
  • $619,905Insider loans
  • $483,433FHLB advances
  • $615,476Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $33,817Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,611Restructured Loans and leases
  • $24,214Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,891Total interest income
  • $9,523Total interest expense
  • $12,368Net interest income
  • $3,361Provision for loan and lease losses
  • $3,054Total noninterest income
  • $0Fiduciary activities
  • $451Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,603Additional noninterest income
  • $17,202Total noninterest expense
  • $7,358Salaries and employee benefits
  • $2,940Premises and equipment expense
  • $6,904Additional noninterest expense
  • -$5,141Pre-tax net operating income
  • -$2Securities gains (losses)
  • $0Applicable income taxes
  • -$5,143Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,143Net income attributable to bank
  • $0Net charge-offs
  • -$5,143Cash dividends
  • $3,734Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.96%Yield on earning assets
  • 1.72%Cost of funding earning assets
  • 2.24%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • -0.82%Net operating income to assets
  • -0.82%Return on assets (ROA)
  • -0.82%Pretax return on assets
  • -12.49%Return on equity (ROE)
  • -12.49%Retained earnings to average equity (YTD only)
  • 0.80%Net charge-offs to loans
  • 90.01%Credit loss provision to net charge-offs
  • -0.48%Efficiency ratio
  • 111,542Assets per employee
  • 5.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 6.07%Noncurrent assets plus other real estate owned to assets
  • 28.80%Noncurrent loans to loans
  • 28.84%Net loans and leases to deposits
  • 85.07%Net loans and leases to core deposits
  • 91.98%Equity capital to assets
  • 6.37%Core capital (leverage) ratio
  • 5.49%Tier 1 risk-based capital ratio
  • 7.00%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $628,121Average earning assets
  • $41,193Average equity
  • $552,529Average loans

List of branches

  • 11 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0358301Beach Community Bank17 Southeast Eglin Parkway, Fort Walton Beach, FL 32548April 27, 2001Full Service Brick and Mortar
    1363085Gulf Breeze Branch60 Northcliff Drive, Gulf Breeze, FL 32561Febuary 08, 2002Full Service Brick and Mortar
    2363486Garden Street Branch33 West Garden Street, Pensacola, FL 32502April 08, 2002Full Service Brick and Mortar
    3363582Cordova Branch4465 Bayou Boulevard, Pensacola, FL 32503April 18, 2002Full Service Brick and Mortar
    4445505Nine Mile Road Branch9329 Old Palafox Highway, Pensacola, FL 32534September 12, 2005Full Service Brick and Mortar
    5450599Mary Esther Branch412 Mary Esther Cutoff, N.W., Fort Walton Beach, FL 32548Febuary 01, 2006Full Service Brick and Mortar
    6453551Destin Branch663 Highway 98 East, Destin, FL 32541November 21, 2005Full Service Brick and Mortar
    9467502Racetrack Office Branch3 Racetrack Road Ne, Fort Walton Beach, FL 32547August 13, 2007Full Service Brick and Mortar
    11470265Niceville Branch100 Armstrong Avenue, Niceville, FL 32578January 02, 2008Full Service Brick and Mortar
    12477427Navarre Branch9290 Navarre Parkway, Navarre, FL 32566June 16, 2008Full Service Brick and Mortar
    13488811Crestview Branch5131 South Ferdon Boulevard, Crestview, FL 32536Febuary 17, 2009Full Service Brick and Mortar

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