# PANHANDLE EDUCATORS
Panama City, FL · NCUA charter 11804 · asset band $200-500M · latest filing 2020-09 · stopped filing after 2020-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/panhandle-educators-11804

Who the members are: federal charter, multiple common bond, organized 1957, low-income designated. 13,872 members of 268,250 potential (5.2% of the field); checking penetration 77% (share draft accounts per 100 members); loans per 100 members 47.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $263.2M |
| Members | 13,872 (1.6% YoY) |
| Full-time staff | 53 |
| Net worth | $31.6M |
| Net worth ratio | 12.0% (p78 of band) |
| ROA (annualized) | 0.85% (p83 of band) |
| Total delinquency | 0.15% (p14 of band) |
| Net charge-offs (annualized) | 0.26% (p44 of band) |
| Loans / shares | 54% (p14 of band) |
| Cash / assets | 33.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.50% (p25 of band) |
| Operating expense / assets | 2.74% (p22 of band) |
| Vehicles % of loans | 27% (p28 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p12 of band) |
| Vehicle delinquency | 0.29% (p43 of band) |
| Vehicle NCO | 0.71% (p71 of band) |
| Repossessed % of vehicle book | 0.25% (p96 of band) |
| Real estate % of loans | 57% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 56% |
| Core shares % of member funds | 73% |
| Certificates % of member funds | 11% |
| Average share balance | $8,155 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 47% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $19,060 |
| Loans granted, annualized | $64.6M |

## Flags firing in the latest filing

- **margin squeeze** (`earn_nim_squeeze`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | charge-offs p90 |  |
| 2016-06 | 0 |  | charge-offs p90 |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | delinquency rising |  |
| 2017-06 | 1 | net worth falling | delinquency rising |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 | repo signal | net worth falling |
| 2018-03 | 0 |  | repo signal |
| 2018-06 | 1 | delinquency rising |  |
| 2018-09 | 1 | margin squeeze | delinquency rising |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | net worth falling, delinquency rising | margin squeeze |
| 2019-06 | 0 |  | net worth falling, delinquency rising |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | assets shrinking |  |
| 2020-06 | 0 |  | assets shrinking |
| 2020-09 | 1 | margin squeeze |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2020-07-24 [Yes, you should wear a mask... just not this one inside a bank. - wtsp.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxNUGp5QnlqZWI0dFdJejBNLUZVWWJ1OVlqbGtvY1FnbzhxQjhkN3RCeWZXNTBlX0VNUFBzM3BLa2xtWlZHVlJhVEtESDFoVjlZZ0FfYjlrZU95dWtOMENsbUx2Wk5uS2hBTTByVGxaU2hfQ2RmSzJUY0xmZTM1d1RxUWp4UXdaYmdLbTNjZWNHT04zZlp6SlBHYk93ODd6R2hmbGhv?oc=5) · wtsp.com
- 2025-10-23 [Ivie Roy Burch Obituary - Panama City News Herald](https://news.google.com/rss/articles/CBMiXkFVX3lxTE5scExzRWphbUtycTBtX3U1RlYxcFNUVzVHS2RtMEYtQXhVSGFVc24xR1dWQkVQcjFNeVctekZLV2V5Q01sdEhucXBycjZ4d3JOU0VQSms4Y2JNYUdxQ2c?oc=5) · Panama City News Herald
- 2018-10-08 [Bay County Hurricane Michael Information - WJHG](https://news.google.com/rss/articles/CBMikwFBVV95cUxPYUNKd2RUQ0ZYYktNNHpLQWN4MTViRWt3aG5WejIzeDhTdmY0MnM5ckxEXzRmU2FEV2lsSUVYMWttaWhnLTFRaklKaVVaT3IxQXM5Rkd2QTNQR1BEQ2NNMDd5eXRoQW5NNnRVZ3A2OVRyRWs2eXg3UjRtMHY3THZDRWJibUJzSjVPdnpIMWxtdkJlTWc?oc=5) · WJHG
- 2016-07-01 [Michael Mercer Obituary (2016) - Panama City, FL - Panama City News Herald - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxPclljSUVVaTg0QWtOSGozTjlEb3R6dXF1Y19CazBrSzRGX21Mb1NwX3hpSVIycmprN1BDZ1JScHkxR3hRSmdRUTJaWG00T0ZmbGk0TVBRWlJmS082RjR0ZXZzWTNyNkpRUWhVV1NtVWxLUnlISVBXVXM5T2tqWk1LVnJCUmZTejFfQ3ZtXzVmbWc?oc=5) · legacy.com
- 2019-11-07 [Contraband investigation leads to arrest - Greene Publishing](https://news.google.com/rss/articles/CBMif0FVX3lxTE5maW1iUkxmUU9ndF9IZ3R5dXd4R09wcnRvR0dVc1NES0liNTViNG5XdmRfRkM1c3o4b0cwXzRUWEl5ang4dGJVdnQ5V3JnZDZfVm5VQjZMQUxwamZnWHlfMHU2ZUJhX0VQQzV0NmdkYzRPQ2xDSFdvc29zOTBELW8?oc=5) · Greene Publishing
- 2015-02-17 [Mosley Junior ROTC instructor Piccolo named Teacher of the Year - Panama City News Herald](https://news.google.com/rss/articles/CBMihwFBVV95cUxPR25Ydk5OWW53cVFxdFNPUk1tYS1OZTZCeml1TUpBcldneVNzTEFfUlgwX0YwU2FoaGZSOXQ1TWFJYkxKbXM0WmZ1SEFKMGxhLWE2djJXa2hfdlVZNXVVVzhaUURsejBsWjhvZk5rYzdIbnJZdlNCNjY5aHBUc2o5MHp0b2JlZEE?oc=5) · Panama City News Herald
- 2021-11-05 [Geraldine Mathews Obituary (2012) - Panama City, FL - Panama City News Herald - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxNanE3RWlVaVNaZVh5T2VZazVxbTFycndLd3p5VTRvUHNTZWgwU3FISGNrZURYODdleWRhYzk1Q1lwbHZDMXRfZlNkdW51VjB1bHhJNl9yTzZlYURlalVfalFFWi1qZ0FpZUo5UU5uajk1MlhpZFMtSXRiUzd3bVFFOGktZENhbV9vZ003a29KbEgzOE1G?oc=5) · legacy.com
- 2017-01-18 [Mosley’s Barron named Teacher of the Year - Panama City News Herald](https://news.google.com/rss/articles/CBMirAFBVV95cUxPMW9TNTlubWpGZWpZOEpHSVhHVFJNWDE4b2l4V0ZfTE5WVEZnS19LLUhpR2syQXNnRllaTlNnX3ZFcHpGREExRTNHUVl6QmZKTk12UEh3WlhEQUtfdkZ1ck9PZVJQaTR5SkdJV01YSXJmVU9xTlVOMk5QeGo2eWtRZENfbVdvY0ZJS1B2Rk84clA4R0lwWVpoZGZza25ldDRMUDVPeDFXTnlvVWFX?oc=5) · Panama City News Herald

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=11804 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/28.json (key "11804", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=11804
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide