Seacoast Commerce Bank

Headquarters

11939 Rancho Bernardo Road, Suite 200
San Diego, CA 92128
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.20% 0.70% →
2-Year CD 0.30% 0.75% →
5-Year CD 0.70% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Seacoast Commerce Bank is an FDIC insured institution located in San Diego, CA. It was founded in 2003 and has approximately $1.33 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 57428
Date Established 2003
Assets $ 1,132.82 million
Loans $ 1,154.30 million
Deposits $ 1,005.54 million
Capital $ 139.62 million
 

For a more detailed analysis of Seacoast Commerce Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 1, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.30% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.40% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.70% $10,000 $14,999 Learn More
60 Mo CD
0.70% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - August 1, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Seacoast Commerce Bank

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.464% 2.375%
0.75 points
$2,972 fees
$972 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
4.840 %
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Seacoast Commerce Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Seacoast Commerce Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Seacoast Commerce Bank Locations


Financial Details

Seacoast Commerce Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Seacoast Commerce Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Seacoast Commerce Bank U.S. Bank Average
3.88% 5.29%

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, 2021, Seacoast Commerce Bank had $4,729,000 in non-current loans and $969,000 in owned real estate. To cover these potential losses it had $139,620,000 in equity and $7,301,000 in loans loss reserves. That gives it a Texas Ratio of 3.88%.

Return on Equity
Seacoast Commerce Bank U.S. Bank Average
11.47% 11.43%

Seacoast Commerce Bank has a Return on Equity of 11.47% versus the BestCashCow average of 11.43%. 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.

Capitalization
Seacoast Commerce Bank U.S. Bank Average
12.33% 11.51%

Seacoast Commerce Bank has a Capitalization of 12.33% versus the BestCashCow average of 11.51. 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.

Seacoast Commerce Bank Balance Sheet Analysis

As of September 30, 2020, Seacoast Commerce Bank had assets of $1,327,398,000, loans of $1,154,296,000, and deposits of $1,005,544,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 67.31 million
Interest-bearing balances $ 62.57 million
Total securities N.A.
Federal funds sold and reverse repurchase $ 7.42 million
Net loans and leases $ 1,154.30 million
Loan loss allowance $ 7.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.97 million
Goodwill and other intangibles $ 42.40 million
All other assets $ 52.68 million
     Total Assets $ 1,187.78 million
LIABILITIES
Total deposits $ 1,005.54 million
      Interest-bearing deposits $ 368.34 million
      Deposits held in domestic offices $ 1,005.54 million
      % insured (estimated) 43.61%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 166.10 million
Subordinated debt N.A.
All other liabilities $ 16.13 million
      Total Liabilities $ 1,187.78 million
      Shareholders’ Equity N.A.

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 45.36 million
Total Interest Expense $ 1.70 million
Net interest income $ 43.66 million
Provision for loan and lease losses $ 1.12 million
Total non interest income $ 7.93 million
Total non interest expense $ 35.54 million
Pre-tax Net Operating Income $ 14.93 million

Bank Loan Profile?

The top three loan types in Seacoast Commerce Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in California, Seacoast Commerce Bank has a significantly higher percent of Commercial Real Estate 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 1.04
Multifamily
Mortgages
1.61
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 5.13
Commercial Real Estate 83.36
Commercial and Industrial Loans 9.38
Farm Loans 0.00

Frequently Asked Questions About Seacoast Commerce Bank

Branches and Savings

Is Seacoast Commerce Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57428.

Why does Seacoast Commerce Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Seacoast Commerce Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Seacoast Commerce Bank a commercial bank?

Yes

Where are Seacoast Commerce Bank locations?

See branch locations nearby.

Is Seacoast Commerce Bank open on Saturdays?

Is Seacoast Commerce Bank open on Sundays?

What time does Seacoast Commerce Bank open?

What time does Seacoast Commerce Bank close?

Are Seacoast Commerce Bank ATMs Open 24/7?

Do Seacoast Commerce Bank ATMs accept cash deposits?

Can Seacoast Commerce Bank customers use other ATMs?

Do Seacoast Commerce Bank branches have notaries?

Will Seacoast Commerce Bank notarize my document?

What address for Seacoast Commerce Bank should I put for incoming ACH transfers?

Will the Seacoast Commerce Bank branch print checks?

Do Seacoast Commerce Bank checks expire?

Does Seacoast Commerce Bank require US citizenship to open account?

Can Seacoast Commerce Bank close my account?

Does Seacoast Commerce Bank Report to credit bureaus?

Does Seacoast Commerce Bank Use Equifax?

What is Seacoast Commerce Bank's ACH Routing Number?

What is Seacoast Commerce Bank's SWIFT code?

Products

Does Seacoast Commerce Bank offer mortgages?

Compare mortgage rates here.

Does Seacoast Commerce Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Seacoast Commerce Bank offer personal loans?

Compare personal loan rates here.

Does Seacoast Commerce Bank offer student loans?

Will Seacoast Commerce Bank cash a check?

Will Seacoast Commerce Bank redeem a savings bond?

Does Seacoast Commerce Bank cash savings bonds?

Will Seacoast Commerce Bank cash money orders?

Can Seacoast Commerce Bank issue a money order?

Does Seacoast Commerce Bank do currency exchange?

Background on The Bank

Who owns Seacoast Commerce Bank?

How long has Seacoast Commerce Bank been around?

Can Seacoast Commerce Bank transfer to other banks?

Does Seacoast Commerce Bank have quick pay?

Does Seacoast Commerce Bank accept rolled coins?

Will Seacoast Commerce Bank accept loose change?

Where is Seacoast Commerce Bank headquarters?

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