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619-476-7776
11939 Rancho Bernardo Road, Suite 200
San Diego, CA 92128

Seacoast Commerce Bank is headquartered in San Diego and is the 113st largest bank in the state of California. It is also the 1,918st largest bank in the nation. It was established in 2003 and as of December of 2013, it had grown to 88 employees at 6 locations. Seacoast Commerce Bank's money market rates are 14% higher than the national average, and it has a A health rating.

Related Posts

10-Month CD and Money Market Specials at Seacoast Commerce Bank - Available Nationwide - 12/10/2013

Seacoast Commerce Bank is again offering a CD and money market promotion. They are part of a celebration of the bank’s new branch, but I was told these promotions are available nationwide. Both requir ...

Special 9-Month CD and Money Market Rates at Seacoast Commerce Bank - Available Nationwide - 7/29/2013

It has been a while since I last reported on Seacoast Commerce Bank . I’m happy to see it’s back with some competitive rates. The bank is celebrating its 10th anniversary with two good deposit deals. ...



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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Seacoast Commerce Bank had $777,000 in non-current loans and owned real-estate with $31.28 million in equity and loan loss allowances on hand to cover it. This gives Seacoast Commerce Bank a Texas Ratio of 2.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Seacoast Commerce Bank decreased dramatically from 8.47% as of December 31, 2012 to 2.48% as of December 31, 2013, resulting in a positive change of 70.67%.This indicates that the balance sheet and financial strength for Seacoast Commerce Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Seacoast Commerce Bank has increased its total deposits by $151.2 million, resulting in 95.11% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Seacoast Commerce Bank has shown is excellent.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Seacoast Commerce Bank has $340.17 million in assets with $31.28 million in equity, resulting in a capitalization level of 9.19%, which is average.

Institution Statistics

Overall
FDIC Certificate #57428
Year Established2003
Employees88
Primary RegulatorFDIC
Assets and Liabilities
Assets$340.17 million
Loans$283.74 million
Deposits$310.18 million
Equity Capital$26.36 million
Loan Loss Allowance$4.92 million
Unbacked Noncurrent Loans$777,000
Real Estate Owned$0
Historic Data - December 2012
Assets$200.70 million
Equity Capital$22.49 million
Loan Loss Allowance$3.45 million
Unbacked Noncurrent Loans$777,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.3%
Return on Assets0.39%
Return on Equity4.01%
Interest Income$13.87 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Seacoast Commerce Bank, we are a rate comparison website and can not provide official rates or promotions.

Seacoast Commerce Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$100-Personal Savings

Seacoast Commerce Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$100k-Personal Investor Money Market
0.50%$100k-Business Investor Money Market
0.10%$2,500-Personal Basic Money Market
0.10%$2,500-Business Basic Money Market

Seacoast Commerce Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Personal Interest Checking
0.05%--Business Interest Checking

Seacoast Commerce Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.21%$10k-Premium Certificate 5 Year
0.85%$10k-Premium Certificate 4 Year
0.65%$10k-Premium Certificate 3 Year
0.50%$10k-Premium Certificate 2 Year
0.30%$10k-Premium Certificate 1 Year
0.20%$10k-Premium Certificate 9 Month
0.15%$10k-Premium Certificate 6 Month
0.10%$10k-Premium Certificate 3 Month
0.05%$10k-Premium Certificate 1 Month
Locations


Seacoast Commerce Bank Locations
Seacoast Commerce Bank11939 Rancho Bernardo Road, Suite 200San Diego, CA 92128
Rancho Bernardo Branch11939 Rancho Bernardo Road, Suite 200San Diego, CA 92128
Chula Vista Branch678 3rd Avenue, Suite 101Chula Vista, CA 91910