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Specifications: Displacement 78 t.; Length 78'; Beam 21'; Draft 4'; Speed 9.5 kts.; Complement unknown; Armament one 3-pounder and one machine gun.
In merchant service Panama had laid cable for Western Union in and around Key West. During her Naval career, she operated out of the 7th Naval District, headquartered at Key West. Patrolling in and around this port, she occasionally operated in Caribbean waters. While returning from the Canal Zone, she sighted two possible U-boats on her port bow 24 August 1918. She pursued them until dark, despite heavy weather which prevented a surface attack.
After the war Panama was transferred to the Department of Agriculture 4 November 1920.
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