Vitals
  • Total Assets
    528.0M 28.1 %
  • Total Deposits
    427.9M 24.0 %
  • Total Net Loans
    383.7M 47.3 %
  • Net Income
    2.2M 96.0 %
  • Book Value
    34.8M 12.4 %
  • Book Value x2
    69.5M 12.4 %
  • Book Value x3
    104.3M 12.4 %
ROAA

1.678

ROAE

25.29

Efficiency Ratio

43.572

Net Interest Margin

4.536

Balance Sheet Highlights
Financial Highlights Destin Bank All Insured Commercial Banks in Florida
Balance Sheet $(000)
Total Assets 527,975 224,061
Total Net Loans 383,720 148,449
Total Deposits 427,864 185,221
Total Equity 34,765 21,010
Profitability
Net Income 2,178 1,219
Return on Average Assets 1.678 1.197
Return on Average Equity 25.29 13.524
Net Interest Margin 4.536 4.189
Efficiency Ratio 43.572 69.25
Noninterest Income/Revenue 13.007 11.943
Balance Sheet Ratios
Loan-to-Deposit 89.683 79.507
Securities/Assets .164 .408
Total Equity/Total Assets .066 .094
Tangible Equity/Tangible Assets .066 -.082
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 35,987 19,980
Tier 2 Capital 3,774 1,774
Total Capital 39,761 21,822
Total Risk Weighted Assets 383,125 160,606
Leverage Ratio 6.93 10.019
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 9.39 14.12
Total Capital Ratio 10.38 15.22

Timeline for Destin Bank

Whitney National Bank

Destin Bank was acquired by Whitney National Bank 19 years

View Profile Apr 23 2005

Southern Coastal Insurance Agency, Inc.

Southern Coastal Insurance Agency, Inc. became a new subsidiary organization for Destin Bank.

View Profile Mar 14 2005

Destin Bancshares, Inc.

Destin Bancshares, Inc. became a new parent organization for Destin Bank.

View Profile Dec 01 1996

Destin Bank

Destin Bank was established 39 years ago and is currently headquartered in Destin, FL.

May 15 1985
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Whitney National Bank Buyer 11,477,590 Acquisition Discontinued 4/23/2005
Relationships Role Relationship Start Relationship End
Destin Bancshares, Inc. Parent 12/1/1996 4/22/2005
Southern Coastal Insurance Agency, Inc. Subsidary 3/14/2005 4/22/2005
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