# PANHANDLE
Panama City, FL · NCUA charter 68720 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/panhandle-68720

Who the members are: state charter, organized 1957, low-income designated. 16,238 members of 400,097 potential (4.1% of the field); checking penetration 80% (share draft accounts per 100 members); loans per 100 members 41.

**Verdict on the desk:** this could be *fortress*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $363.7M |
| Members | 16,238 (1.9% YoY) |
| Full-time staff | 72 |
| Net worth | $48.2M |
| Net worth ratio | 13.3% (p74 of band) |
| ROA (annualized) | 1.07% (p75 of band) |
| Total delinquency | 0.19% (p12 of band) |
| Net charge-offs (annualized) | 0.28% (p40 of band) |
| Loans / shares | 65% (p31 of band) |
| Cash / assets | 22.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.71% (p61 of band) |
| Operating expense / assets | 3.72% (p51 of band) |
| Vehicles % of loans | 23% (p27 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 12% |
| Third-party paper % of net worth | 12% (p28 of band) |
| Vehicle delinquency | 0.06% (p7 of band) |
| Vehicle NCO | 0.60% (p50 of band) |
| Repossessed % of vehicle book | 0.09% (p69 of band) |
| Real estate % of loans | 43% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 98% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 26% |
| Average share balance | $9,234 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $2.5M |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $30,882 |
| Loans granted, annualized | $77.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $2.5M outstanding purchased (5.2% of net worth), $1.4M sold and retained. Sold in 2 and bought in 3 of the last 8 quarters. Shares 8.3% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | net worth falling |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | net worth falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 1 | delinquency rising |  |
| 2023-03 | 0 |  | delinquency rising |
| 2023-06 | 1 | delinquency rising |  |
| 2023-09 | 0 |  | delinquency rising |
| 2023-12 | 1 | delinquency rising |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 2 | net worth falling |  |
| 2024-09 | 1 |  | delinquency rising |
| 2024-12 | 0 |  | net worth falling |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |

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

- 2025-11-14 [Salvation Army’s Angel Tree campaign kicks off in Bay County - mypanhandle.com](https://news.google.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?oc=5) · mypanhandle.com
- 2026-02-27 [Get a glimpse of Panama City Beach Chamber's dinner and award ceremony - Panama City News Herald](https://news.google.com/rss/articles/CBMiyAFBVV95cUxNMkhmX2tCV1hYbDJZblVBZzI4QVZucEc2OEVTVmJoV0JObl81T0lwSjd3WVBMQXNmcUQ3OW5hOUVoZjBZSGRtVkNfbExwT003UVFZamJFemRhTjg3V1AwQzFRYWdpT0s0UVloOVpPRkpQclNIMnF6d3R0R0M3QlNCRl9MRkN1RE5KX2tmRWRiZ0IzTU4tTFVpOHFfMmF6TG9KU21tTDZzWHpZdExXTlJZZWtlUEVGblh5ZEwxd1c1dk5mRlVvTldSWA?oc=5) · Panama City News Herald
- 2026-07-21 [Something Good: FWC recognizes landowners for conservation efforts - WCTV](https://news.google.com/rss/articles/CBMimAFBVV95cUxONG1QbVhVSE9haVBYeUtmNkhDc0R1SGhtVFM5MGNDVWZsRTBuTDdUVEl1N0F5dkVqUmExbmsxZGJ0VkxpSHNwcVZXdjMyMmpycVo0bnRGUmxhUWVTV2JNdC1yUktHcnpLYlJ6bVlVN3RPQWRaX05maFY1V2Y3b1FUdGFsMFlpdk9aWHdIOEpocVp0eEJMLVlHWA?oc=5) · WCTV
- 2025-04-23 [MidFlorida Credit Union buys Tallahassee bank - Banking Dive](https://news.google.com/rss/articles/CBMinAFBVV95cUxPNVFsczhvRGFKNm9vUnM4QUJmSkFGdDhyNGFSZmwxMUxCZUotb2hoNkxGYnVyVTZGX2lnYVh1X0pET3RHNExuUi1pcjF5VWdCWWFLTGxXOEtnanBiWW5QU1F2d0EyZUVuVHFYSk4zWFNCbTF3cU91T0tFa3AxYkh6ZjNTazE5SGVtYkt5UXRMdkNFLVRlVW9wejZpTkY?oc=5) · Banking Dive
- 2025-10-01 [Charlotte Lipham Obituary (2025) - Panama City, FL - Heritage Funeral Home & Cremation Services - Panama City - legacy.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxNWXMzd0JHeDdmTkVyM3hKZDlBY0xXeExsMjNRUXB3ZWRJb0pSSEZxX09GTHIxLV9sNkwySVJaTzB6SFU4c0JrUmtqc29faWxjNlVTSkh3OG9QWElqYlA5MV93R1pnc3VXRVRLckxTRVRLRW51bk5MR09Hd0xXMzE3NkpKbUFTQQ?oc=5) · legacy.com
- 2024-11-09 [Governor Ron DeSantis Appoints Nina Ward as Bay County Supervisor of Elections - Office of Governor Ron DeSantis](https://news.google.com/rss/articles/CBMitAFBVV95cUxNT29uRlNVZWxjUG5jWlJvNXVpUlVGNTJVZ1Y0NDBZeThQZjV2UTBQdGZ4a1MyOTJDVWR6MUNUc2hNTWx1MUJIM1BRa2hJcUF0VWFKRFFpZE14bFk5cDZhc2pMTEdOT05RcnR5T3EwMk4wdlk5X1hVcmFWY2NrNTNWZWVNa1k4OGVtZk9iUlJtWS12S05Nd28yUnJ3RDRVc0xQVG4zeUVhb3dHUlp0QzRjOXdEdmQ?oc=5) · Office of Governor Ron DeSantis
- 2026-06-18 [Seven credit unions team up to build Habitat for Humanity home for local family - WJHG](https://news.google.com/rss/articles/CBMiowFBVV95cUxOMkRjdnlsNzh5M3U5RUJmS29BcXB4SHlfOGo5NFkxNGRLX1l5Q2pFSnQxSDhEWlRxcU9tUTc2ZXR5clFwTnB6a25uY1VJY2xJTzJadjRtX1M1UEFfd2x6ZGhRS3NCLURScTlPb2o4ZE45U296clpwb2NzdFFGNFVsbHBDYUwtN1RLWGJzWmppSzlGZVU4S3RKVHhlbE9rY0VMV2JZ0gG3AUFVX3lxTFBlbGtUandWblRpRVlXT2RaNWlaNDhzclRWZUgzeGN2TU9qNVpsc19aSm5KeDUtODE2VDdDS0VHMVdqRktEbG9IeFRFdmJqYU9rQm8za1FkUzVRWm5ZZWVoZE5XS0lkU1cwbXBTTGlwempDWnMyZDlDQnM3U3F5SDFfelFVVDJwMnVEQmdNbE05NjJfbVRXNkhMcTgzRThfN3hyLWFlc1ZVS1RXSERMRm5CWVlvZWZYcw?oc=5) · WJHG
- 2025-10-01 [Will Florida's 82K military personnel get paid during shutdown? What to know - Pensacola News Journal](https://news.google.com/rss/articles/CBMixAFBVV95cUxPUFRRUld4Rnl1QnJkcHJxYzVlcVFhVFZWbV9IdmU0ek5ZZGFFMzh0WWV0OC1sTG10TWRFLWpFRmQ5eHZHcF9SeGNHRnFCU2lFSmowblZYSE5NT3pwSHctaU15VFB5X21wV2U3MVMyOHFGOXdRa0R4MGR5YnBRQTFjMzVvSjFwLWE1djFrdmY1Zmt2Z2Q2UGFoUkIydXNvbVV2T21BS2ZTV3l3QlVJdGVHUC1URExZeVZpM0R3MGtJY2hkbmdK?oc=5) · Pensacola News Journal

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68720 (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/48.json (key "68720", 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=68720
- 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