Community Bank, Destin

12590 Emerald Coast Parkway
Miramar Beach, FL 32550


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58468
Date Established 2007
Assets $0.10 billion
Loans $0.06 billion
Deposits $0.08 billion
Capital $0.02 billion

Community Bank, Destin is an FDIC insured institution located in Miramar Beach, FL. It was founded in 2007 and has approximately $0.1 billion in assets.

For a more detailed analysis of Community Bank, Destin's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 24, 2019

Your Current Location: Washington, WA 98101

There are currently no rates available for Community Bank, Destin, but see these great savings and CD rates:

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Loan Rates - August 24, 2019

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Community Bank, Destin

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 520-CL-25944
3.529% 3.500% 0.38 $898 $1,123 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 Learn More
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Note to Community Bank, Destin
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Financial Details

Community Bank, Destin Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Bank, Destin. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Community Bank, Destin U.S. Bank Average
0.27% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Community Bank, Destin had $0 in non-current loans and $63,000 in owned real estate. To cover these potential losses it had $23,298,000 in equity and $93,000 in loans loss reserves. That gives it a Texas Ratio of 0.27%.

Return on Equity
Community Bank, Destin U.S. Bank Average
1.21% 9.47%

Community Bank, Destin has a Return on Equity of 1.21% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Community Bank, Destin U.S. Bank Average
22.94% 12.49%

Community Bank, Destin has a Capitalization of 22.94% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Community Bank, Destin Balance Sheet Analysis

As of December 31, 2012, Community Bank, Destin had assets of $101,540,000, loans of $62,618,000, and deposits of $77,521,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.06 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.00 billion
Total deposits $0.08 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.10 billion

Summary Income Statement

March 31, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Community Bank, Destin’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Florida, Community Bank, Destin has a significantly higher percent of Small Business Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 30.25
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 20.11
Construction and Development Loans 15.40
Commercial Real Estate 41.22
Commercial and Industrial Loans 3.66
Farm Loans 0.00

Frequently Asked Questions About Community Bank, Destin

Branches and Savings

Is Community Bank, Destin FDIC insured?

Yes. It is covered under FDIC Certificate #58468.

Why does Community Bank, Destin pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Community Bank, Destin CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Community Bank, Destin a commercial bank?


Where are Community Bank, Destin locations?

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Does Community Bank, Destin Report to credit bureaus?

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Does Community Bank, Destin offer mortgages?

Compare mortgage rates here.

Does Community Bank, Destin offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Community Bank, Destin offer personal loans?

Compare personal loan rates here.

Does Community Bank, Destin offer student loans?

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Background on The Bank

Who owns Community Bank, Destin?

How long has Community Bank, Destin been around?

Can Community Bank, Destin transfer to other banks?

Does Community Bank, Destin have quick pay?

Does Community Bank, Destin accept rolled coins?

Will Community Bank, Destin accept loose change?

Where is Community Bank, Destin headquarters?

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