Seacoast National Bank

Headquarters

815 Colorado Ave
Stuart, FL 34994
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 4.08% →
1-Year CD N.A. 4.71% →
2-Year CD N.A. 4.73% →
5-Year CD N.A. 4.75% →
30-Year Mortgage 6.46% 4.91% →
15-Year Mortgage 6.08% 4.39% →
HELOC 7.25% 1.93% →

2022 Overview

General Bank Information

Seacoast National Bank is an FDIC insured institution located in Stuart, FL. It was founded in 1933 and has approximately $10.81 billion in assets. Customers can open an account at one of its 80 branches.

FDIC Insured Yes
FDIC Certificate # 131
Date Established 1933
Assets $ 10.81 billion
Loans $ 6.46 billion
Deposits $ 9.19 billion
Capital $ 1,297.43 million
 

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

Deposit Rates - December 4, 2022

Your Current Location: Virginia, VA 20146

 

Loan Rates - December 4, 2022

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
5 Year 5.45% 5.45% $476.95
Refinance Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Seacoast National 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:
Ashburn,Virginia


Seacoast National Bank Locations



Climate Initiatives

Seacoast National Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Seacoast National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Seacoast National 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 National Bank U.S. Bank Average
2.09% 4.06%

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 June 30, 2022, Seacoast National Bank had $26,545,000 in non-current loans and $2,419,000 in owned real estate. To cover these potential losses it had $1,297,430,000 in equity and $90,769,000 in loans loss reserves. That gives it a Texas Ratio of 2.09%.

Return on Equity
Seacoast National Bank U.S. Bank Average
8.35% 9.98%

Seacoast National Bank has a Return on Equity of 8.35% versus the BestCashCow average of 9.98%. 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 National Bank U.S. Bank Average
12% 10.23%

Seacoast National Bank has a Capitalization of 12% versus the BestCashCow average of 10.23. 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 National Bank Balance Sheet Analysis

As of June 30, 2022, Seacoast National Bank had assets of $10,811,872,000, loans of $6,464,984,000, and deposits of $9,189,231,000. 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

June 30, 2022
ASSETS
Cash & Balances due from depository institutions $ 906.10 million
Interest-bearing balances $ 542.76 million
Total securities $ 2.60 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 6.46 billion
Loan loss allowance $ 90.77 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.42 million
Goodwill and other intangibles $ 310.29 million
All other assets $ 408.30 million
     Total Assets $ 9.51 billion
LIABILITIES
Total deposits $ 9.19 billion
      Interest-bearing deposits $ 5.60 billion
      Deposits held in domestic offices $ 9.19 billion
      % insured (estimated) 60.86%
Federal funds purchased and repurchase agreements $ 214.74 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 110.47 million
      Total Liabilities $ 9.51 billion
      Shareholders’ Equity $ 1,297.43 million

Summary Income Statement

June 30, 2022
INCOME AND EXPENSES
Total Interest Income $ 161.97 million
Total Interest Expense $ 2.92 million
Net interest income $ 159.05 million
Provision for loan and lease losses $ 7.38 million
Total non interest income $ 34.47 million
Total non interest expense $ 116.07 million
Pre-tax Net Operating Income $ 70.07 million

Bank Loan Profile?

The top three loan types in Seacoast National Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, Seacoast National Bank’s loan portfolio does not show any specific loan specialty.

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 25.63
Multifamily
Mortgages
2.57
Credit Card Loans 0.00
Consumer Auto Loans 0.33
Small Business Loans 12.27
Construction and Development Loans 5.41
Commercial Real Estate 47.04
Commercial and Industrial Loans 16.59
Farm Loans 0.01

Customer Reviews for Seacoast National Bank


  • August 22, 2019 |

    Despite a perfect payment record of their Line of Credit during Four Years, Seacoast Bank arbitrarily sent a demand letter threatening legal action if I do not pay $ 39,000 immediately. The only option offered was tripling payments. Trusting a bank to be able to work out problems encountered is more important than any financial rates of return. Seacoast Bank I am sure know that I will never use their services again, and does not care!!! Their behavior changed very suddenly. I suspect that the sudden change in behavior signals deeper problems within Seacoast Bank.

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