Seaside National Bank & Trust

201 South Orange Avenue
Orlando, FL 32801

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58328
Date Established 2006
Assets $1.88 billion
Loans $1.38 billion
Deposits $1.56 billion
Capital $0.15 billion

Seaside National Bank & Trust is an FDIC insured institution located in Orlando, FL. It was founded in 2006 and has approximately $1.88 billion in assets. Customers can open an account at one of its 14 branches.

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

Bank Loan Profile?

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

Compared to other banks in Florida, Seaside National Bank & Trust has a significantly higher percent of Commercial and Industrial Loans 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 16.78
Multifamily
Mortgages
0.47
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 3.92
Construction and Development Loans 6.11
Commercial Real Estate 23.64
Commercial and Industrial Loans 50.16
Farm Loans 0.00

Deposit Rates - April 18, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.50% $2,500 $9,999 Learn MoreShow Less
Money Market
0.60% $10,000 $24,999 Learn MoreShow Less
Money Market
0.70% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
1.20% $2,500 $99,999 Learn MoreShow Less
3 Mo CD
1.70% $100,000 - Learn MoreShow Less
6 Mo CD
1.50% $2,500 $99,999 Learn MoreShow Less
6 Mo CD
2.00% $100,000 - Learn MoreShow Less
1.90% $2,500 $99,999 Learn MoreShow Less
12 Mo CD
2.40% $100,000 - Learn MoreShow Less
1.90% $2,500 $99,999 Learn MoreShow Less
18 Mo CD
2.40% $100,000 - Learn MoreShow Less
24 Mo CD
2.10% $2,500 $99,999 Learn MoreShow Less
24 Mo CD
2.60% $100,000 - Learn MoreShow Less
30 Mo CD
2.10% $2,500 $99,999 Learn MoreShow Less
36 Mo CD
2.30% $2,500 $99,999 Learn MoreShow Less
36 Mo CD
2.80% $100,000 - Learn MoreShow Less
48 Mo CD
2.50% $2,500 $99,999 Learn MoreShow Less
48 Mo CD
3.00% $100,000 - Learn MoreShow Less
60 Mo CD
2.75% $2,500 $99,999 Learn MoreShow Less
60 Mo CD
3.25% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
1.90% $2,500 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.30% $1 $2,499 Learn MoreShow Less
Int Ckg
0.40% $2,500 $9,999 Learn MoreShow Less

Loan Rates - April 18, 2019

Your Current Location: Virginia, VA 20146

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

Seaside National Bank & Trust 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


Seaside National Bank & Trust Locations


Financial Details

Seaside National Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Seaside National Bank & Trust. 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
Seaside National Bank & Trust U.S. Bank Average
1.28% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 December 31, 2018, Seaside National Bank & Trust had $2,093,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $149,132,000 in equity and $13,940,000 in loans loss reserves. That gives it a Texas Ratio of 1.28%.

Return on Equity
Seaside National Bank & Trust U.S. Bank Average
12.92% 8.80%

Seaside National Bank & Trust has a Return on Equity of 12.92% versus the BestCashCow average of 8.80%. 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
Seaside National Bank & Trust U.S. Bank Average
7.92% 12.29%

Seaside National Bank & Trust has a Capitalization of 7.92% versus the BestCashCow average of 12.29. 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.

Seaside National Bank & Trust Balance Sheet Analysis

As of December 31, 2018, Seaside National Bank & Trust had assets of $1,883,189,000, loans of $1,382,739,000, and deposits of $1,561,543,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.03 billion
Total securities $0.42 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.38 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.03 billion
     Total Assets $1.73 billion
LIABILITIES
Total deposits $1.56 billion
      Interest-bearing deposits $1.26 billion
      Deposits held in domestic offices $1.56 billion
      % insured (estimated) 55.99%
Federal funds purchased and repurchase agreements $0.02 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.13 billion
Subordinated debt $0.02 billion
All other liabilities $0.01 billion
      Total Liabilities $1.73 billion
      Shareholders’ Equity $0.15 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.07 billion
Total Interest Expense $0.02 billion
Net interest income $0.05 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.04 billion
Pre-tax Net Operating Income $0.02 billion

Frequently Asked Questions About Seaside National Bank & Trust

Branches and Savings

Is Seaside National Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #58328.

Why does Seaside National Bank & Trust pay such low interest on savings accounts?

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

Why are Seaside National Bank & Trust CD rates not competitive?

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

Is Seaside National Bank & Trust a commercial bank?

Yes

Where are Seaside National Bank & Trust locations?

See branch locations nearby.

Is Seaside National Bank & Trust open on Saturdays?

Is Seaside National Bank & Trust open on Sundays?

What time does Seaside National Bank & Trust open?

What time does Seaside National Bank & Trust close?

Are Seaside National Bank & Trust ATMs Open 24/7?

Do Seaside National Bank & Trust ATMs accept cash deposits?

Can Seaside National Bank & Trust customers use other ATMs?

Do Seaside National Bank & Trust branches have notaries?

Will Seaside National Bank & Trust notarize my document?

What address for Seaside National Bank & Trust should I put for incoming ACH transfers?

Will the Seaside National Bank & Trust branch print checks?

Do Seaside National Bank & Trust checks expire?

Does Seaside National Bank & Trust require US citizenship to open account?

Can Seaside National Bank & Trust close my account?

Does Seaside National Bank & Trust Report to credit bureaus?

Does Seaside National Bank & Trust Use Equifax?

What is Seaside National Bank & Trust's ACH Routing Number?

What is Seaside National Bank & Trust's SWIFT code?

Products

Does Seaside National Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Seaside National Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Seaside National Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Seaside National Bank & Trust offer student loans?

Will Seaside National Bank & Trust cash a check?

Will Seaside National Bank & Trust redeem a savings bond?

Does Seaside National Bank & Trust cash savings bonds?

Will Seaside National Bank & Trust cash money orders?

Can Seaside National Bank & Trust issue a money order?

Does Seaside National Bank & Trust do currency exchange?

Background on The Bank

Who owns Seaside National Bank & Trust?

How long has Seaside National Bank & Trust been around?

Can Seaside National Bank & Trust transfer to other banks?

Does Seaside National Bank & Trust have quick pay?

Does Seaside National Bank & Trust accept rolled coins?

Will Seaside National Bank & Trust accept loose change?

Where is Seaside National Bank & Trust headquarters?

Customer Reviews for Seaside National Bank & Trust

There are currently no comments for Seaside National Bank & Trust. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →