Institution Statistics
| Seacoast National Bank | | FDIC Certificate # | 131 | | BankRate Report | View | | Year Established | 1933 | | Employees | 421 | | Primary Regulator | OCC |
Assets and Liabilities | | Assets | $2.17 billion | | Loans | $1.20 billion | | Deposits | $1.74 billion | | Equity Capital | $212.77 million | | Loan Loss Allowance | $24.46 million | | Unbacked Noncurrent Loans | $41.75 million | | Real Estate Owned | $15.53 million |
Historic Data - March 2011 | | Assets | $2.08 billion | | Equity Capital | $198.77 million | | Loan Loss Allowance | $34.35 million | | Unbacked Noncurrent Loans | $66.23 million | | Real Estate Owned | $24.11 million |
Profit Margin - Quarterly | | Net Interest Margin | 3.37% | | Return on Assets | 0.24% | | Return on Equity | 2.47% | | Interest Income | $19.35 million |
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Institution Health
Overall Score:
4 out of 5 
| Texas Ratio |  | | 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 March 31, 2012 Seacoast National Bank had $57.28 million in non-current loans and owned real-estate with $237.23 million in equity and loan loss allowances on hand to cover it. This gives Seacoast National Bank a Texas Ratio of 24.14% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Seacoast National Bank decreased slightly from 38.75% as of March 31, 2011 to 24.14% as of March 31, 2012, resulting in a positive change of 37.70%.This indicates that the balance sheet and financial strength for Seacoast National Bank has improved slightly in recent periods. | | Deposit Growth | | | In the past year, Seacoast National Bank has increased its total deposits by $40.18 million, resulting in 2.36% 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 National Bank has shown is above average. | | Capitalization | | | 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 National Bank has $2.17 billion in assets with $237.23 million in equity, resulting in a capitalization level of 10.95%, which is above average. |
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Average User Rating:
Charged 5 Dollars A Day Because Account Was Dormant And They Were Arrogant
I had to pay to close my account. There were never any customers in this bank. I had little confidence in this bank. I had planned on depositing again with them until they informed me that they had been charging me 5 dollars a day. I had money in the account but had to pay it to them and pay more to close the account. They were arrogant. Dont use this bank.