Community Bank, Destin


12590 Emerald Coast Parkway
Miramar Beach, FL 32550
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Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

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.

FDIC Insured Yes
FDIC Certificate # 58468
Date Established 2007
Assets $ 101.54 million
Loans $ 62.62 million
Deposits $ 77.52 million
Capital $ 23.30 million

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 - September 21, 2020

Your Current Location: Connecticut, CT 06828

Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

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 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, 2020, 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% 7.80%

Community Bank, Destin has a Return on Equity of 1.21% versus the BestCashCow average of 7.80%. 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% 12.68%

Community Bank, Destin has a Capitalization of 22.94% versus the BestCashCow average of 12.68. 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, 2020
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 62.62 million
Loan loss allowance $ 0.09 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 77.52 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 101.54 million

Summary Income Statement

March 31, 2020
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

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?

See branch locations nearby.

Is Community Bank, Destin open on Saturdays?

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Are Community Bank, Destin ATMs Open 24/7?

Do Community Bank, Destin ATMs accept cash deposits?

Can Community Bank, Destin customers use other ATMs?

Do Community Bank, Destin branches have notaries?

Will Community Bank, Destin notarize my document?

What address for Community Bank, Destin should I put for incoming ACH transfers?

Will the Community Bank, Destin branch print checks?

Do Community Bank, Destin checks expire?

Does Community Bank, Destin require US citizenship to open account?

Can Community Bank, Destin close my account?

Does Community Bank, Destin Report to credit bureaus?

Does Community Bank, Destin Use Equifax?

What is Community Bank, Destin's ACH Routing Number?

What is Community Bank, Destin's SWIFT code?


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?

Will Community Bank, Destin cash a check?

Will Community Bank, Destin redeem a savings bond?

Does Community Bank, Destin cash savings bonds?

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Can Community Bank, Destin issue a money order?

Does Community Bank, Destin do currency exchange?

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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