Community Bank, Destin in Miramar Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Community Bank, Destin in Miramar Beach, Florida (FL)
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Community Bank, Destin - Overview

  • General
  • FDIC Certificate #: 58468
    Status: Active
    Federal Reserve ID: 3577428
    Bank Holding Company (Regulatory Top Holder): Community Holding Company Of Florida, Inc. (RSSDID: 3577370, Location: Miramar Beach, FL)
    Date Established: June 11, 2007
    WWW: http://www.communitybankdestin.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 452542
    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: June 11, 2007
    Last Structure Change Effective Date: September 09, 2010
    Last Structure Change Process Date: September 09, 2010
    Last Data Update: September 09, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 12590 Emerald Coast Parkway, Miramar Beach, FL 32550
    County: Walton
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • Financial Summary
  • Total assets: $82.8 mil
    Equity capital: $9.3 mil
    Deposits held in domestic offices: $73.1 mil
    Return on assets (ROA): 0.16% ($0.1 mil)
    Quarterly return on assets: 0.28% ($0.2 mil)
    Return on Equity (ROE): 1.47% ($0.1 mil)
    Quarterly return on equity: 2.51% ($0.2 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.23% ($190.4 mil)
    Quarterly Pretax return on assets: 0.41% ($339.5 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
  • 21Total employees (full-time equivalent)
  • $82,804Total assets
  • $7,264Cash and due from depository institutions
  • $6,022Interest-bearing balances
  • $8,609Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $58,368Net loans & leases
  • $737Loan loss allowance
  • $0Trading account assets
  • $3,824Bank premises and fixed assets
  • $716Other real estate owned
  • $0Goodwill and other intangibles
  • $82,804Life insurance assets
  • $4,023All other assets
  • $73,522Total liabilities and capital
  • $73,120Total liabilities
  • $61,745Total deposits
  • $73,120Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $402Subordinated debt
  • $9,282All other liabilities
  • $9,282Total equity capital
  • $9,282Total bank equity capital
  • $0Perpetual preferred stock
  • $6,000Common stock
  • $8,055Surplus
  • $-4,773Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $185Long-term assets (5+ years)
  • $72,999Average Assets, year-to-date
  • $14,354Average Assets, quarterly
  • $81,374Volatile liabilities
  • $83,428Insider loans
  • $55,094FHLB advances
  • $80,767Loans and leases held for sale
  • $1,064Unused loan commitments
  • $1,064Tier 1 (core) risk-based capital
  • $6,854Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,033Restructured Loans and leases
  • $1,209Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,498Total interest income
  • $825Total interest expense
  • $2,673Net interest income
  • $116Provision for loan and lease losses
  • $226Total noninterest income
  • $0Fiduciary activities
  • $25Service charges on deposit accounts
  • $0Trading account gains & fees
  • $201Additional noninterest income
  • $2,637Total noninterest expense
  • $1,486Salaries and employee benefits
  • $247Premises and equipment expense
  • $904Additional noninterest expense
  • $146Pre-tax net operating income
  • $40Securities gains (losses)
  • $54Applicable income taxes
  • $132Income before extraordinary items
  • $0Extraordinary gains - net
  • $132Net income attributable to bank
  • $0Net charge-offs
  • $132Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.91%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 3.70%Noninterest expense to earning assets
  • 0.13%Net operating income to assets
  • 0.16%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 1.47%Return on equity (ROE)
  • 1.47%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 90,962Assets per employee
  • 3.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.86%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 79.82%Net loans and leases to core deposits
  • 88.86%Equity capital to assets
  • 11.21%Core capital (leverage) ratio
  • 8.49%Tier 1 risk-based capital ratio
  • 12.44%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $81,374Average earning assets
  • $8,978Average equity
  • $71,260Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0452542Community Bank, Destin12590 Emerald Coast Parkway, Miramar Beach, FL 32550June 11, 2007Full Service Brick and Mortar

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