Seacoast National Bank is headquartered in Stuart and is the 8th largest bank in the state of Florida. It is also the 181st largest bank in the nation. It was established in 1933 and as of December of 2018, it had grown to 902 employees at 59 locations. Seacoast National Bank has an A+ health rating.
I banked at Seacoast Bank before I moved from the town I lived in. In the area of the state I lived, the bank only had two branches. I really liked the personal feel of the bank. Because it was a small bank, I didn't feel as if the person was treating me as just a number for their monthly goals. I feel like they valued me more because they were competing with the bigger banks, and they needed my deposits more. I had a savings and checking account with the bank. The checking account was free, but at one point they changed their system and started charging a fee. The only way to get around this, was to open a savings account. Because I liked the bank and the people there, I decided to move my savings account to the bank. The interest rates were competitive as well as the auto loan. I don't believe they offered much in terms of IRAs and investment accounts. They referred that to a private group.
I do not currently bank with Seacoast anymore due to change of location but I do recommend this bank! It is very convenient and their website is user friendly. I have not had many issues while banking with Seacoast. The one issue that stands out the most to me is when ITunes charged me a false fee multiple times. This made my account go negative and thus I was hit with an overdraft fee. I dealt with the best financial manager who helped get the fee waived immediately and my bank account back to good standing. Overall, I give this bank a 10/10 because its been stress-free banking from start to finish.
I went to the Okeechobee branch to open a checking account yesterday. There were 4 tellers working when I came in at around 2:30, but 2 left while I was waiting. One teller was taking care of the drive-thru. I waited in line for 15 minutes before I left and decided I didn't want to bank with a bank that had such poor customer service. There were 2 people in front of me waiting as well.
|FDIC Certificate #||131|
|Return on Assets - YTD||1.16%|
|Return on Equity - YTD||9.17%|
|Annual Interest Income||$241.4MM|
|Assets and Liabilities|
|Assets||Q4 2018vs Q4 2017||$6.75B$5.79B|
|Loans||Q4 2018vs Q4 2017||$4.80B$3.81B|
|Deposits||Q4 2018vs Q4 2017||$5.18B$4.59B|
|Equity Capital||Q4 2018vs Q4 2017||$895.3MM$709.5MM|
|Loan Loss Allowance||Q4 2018vs Q4 2017||$32.4MM$27.1MM|
|Unbacked Noncurrent Loans||Q4 2018vs Q4 2017||$27.0MM$19.5MM|
|Real Estate Owned||Q4 2018vs Q4 2017||$12.8MM$7.6MM|
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