Seaside National Bank & Trust in Orlando, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Seaside National Bank & Trust - Overview

  • General
  • FDIC Certificate #: 58328
    Status: Active
    Federal Reserve ID: 3487518
    Bank Holding Company (Regulatory Top Holder): Three Shores Bancorporation, Inc. (RSSDID: 3934562, Location: Orlando, FL)
    Date Established: October 31, 2006
    WWW: http://www.seasidebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Domestic: 12, Interstate: No)
    FDIC's unique #: 446203
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 31, 2006
    Last Structure Change Effective Date: August 17, 2007
    Last Structure Change Process Date: September 14, 2007
    Last Data Update: September 14, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 South Orange Avenue, Orlando, FL 32801
    County: Orange
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • History of Changes
  • Corrections
    Change in Location
  • Financial Summary
  • Total assets: $752.4 mil
    Equity capital: $85.8 mil
    Deposits held in domestic offices: $622.2 mil
    Return on assets (ROA): -0.12% (-$0.9 mil)
    Quarterly return on assets: 0.15% ($1.1 mil)
    Return on Equity (ROE): -1.07% (-$0.9 mil)
    Quarterly return on equity: 1.31% ($1.1 mil)
    Net income: -$0.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: -0.17% (-$1,279.1 mil)
    Quarterly Pretax return on assets: 0.26% ($1,956.3 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 127Total employees (full-time equivalent)
  • $752,432Total assets
  • $30,828Cash and due from depository institutions
  • $22,835Interest-bearing balances
  • $170,244Securities
  • $166Federal funds sold & reverse repurchase agreements
  • $518,005Net loans & leases
  • $6,644Loan loss allowance
  • $0Trading account assets
  • $5,177Bank premises and fixed assets
  • $3,211Other real estate owned
  • $0Goodwill and other intangibles
  • $752,432Life insurance assets
  • $24,801All other assets
  • $666,595Total liabilities and capital
  • $622,184Total liabilities
  • $541,929Total deposits
  • $622,184Interest-bearing deposits
  • $66Deposits held in domestic offices
  • 2131.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $33,000Trading liabilities
  • $0Other borrowed funds
  • $9,280Subordinated debt
  • $85,837All other liabilities
  • $85,837Total equity capital
  • $85,837Total bank equity capital
  • $0Perpetual preferred stock
  • $26,817Common stock
  • $86,535Surplus
  • $-27,515Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,026Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,811Income earned, not collected on loans
  • $6,283Earning assets
  • $2,285Long-term assets (5+ years)
  • $711,250Average Assets, year-to-date
  • $248,869Average Assets, quarterly
  • $736,995Volatile liabilities
  • $745,073Insider loans
  • $578,545FHLB advances
  • $719,363Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $68,975Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $118,987Restructured Loans and leases
  • $4,496Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,637Total interest income
  • $7,946Total interest expense
  • $20,691Net interest income
  • $2,666Provision for loan and lease losses
  • $2,937Total noninterest income
  • $671Fiduciary activities
  • $644Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,622Additional noninterest income
  • $22,576Total noninterest expense
  • $12,651Salaries and employee benefits
  • $4,507Premises and equipment expense
  • $5,418Additional noninterest expense
  • -$1,614Pre-tax net operating income
  • $325Securities gains (losses)
  • -$410Applicable income taxes
  • -$879Income before extraordinary items
  • $0Extraordinary gains - net
  • -$879Net income attributable to bank
  • $0Net charge-offs
  • -$879Cash dividends
  • $6,010Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.13%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 2.98%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 3.25%Noninterest expense to earning assets
  • -0.15%Net operating income to assets
  • -0.12%Return on assets (ROA)
  • -0.17%Pretax return on assets
  • -1.07%Return on equity (ROE)
  • -1.07%Retained earnings to average equity (YTD only)
  • 1.20%Net charge-offs to loans
  • 44.36%Credit loss provision to net charge-offs
  • 0.18%Efficiency ratio
  • 95,548Assets per employee
  • 5.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 61.46%Noncurrent assets plus other real estate owned to assets
  • 1.86%Noncurrent loans to loans
  • 2.06%Net loans and leases to deposits
  • 83.26%Net loans and leases to core deposits
  • 104.41%Equity capital to assets
  • 11.41%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 11.92%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $736,995Average earning assets
  • $82,104Average equity
  • $694,227Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $164,623Managed Assets
  • 1Number of Accounts
  • $163,718Personal trust and agency accounts
  • $7,870Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $43,106Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $112,742Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 282Number of Accounts
  • $0Personal trust and agency accounts
  • $43,106Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $905Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $905Fiduciary accounts held in foreign offices

List of branches

  • 12 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0446203Seaside National Bank & Trust201 South Orange Avenue, Orlando, FL 32801October 31, 2006Full Service Brick and Mortar
    2466362Windermere Office Branch4705 South Apopka Vineland Road, Suite 120, Orlando, FL 32819June 13, 2007Full Service Brick and Mortar
    3467775Lake Mary Branch707 Platinum Point, Suite 1021, Lake Mary, FL 32746August 13, 2007Full Service Brick and Mortar
    4471113Sarasota Branch1991 Main Street, Sarasota, FL 34236January 28, 2008Full Service Brick and Mortar
    5476958Palm Beach Gardens Branch4290 Professional Center Drive, Ste 201, 202, 203, 204, Palm Beach Gardens, FL 33410April 14, 2008Full Service Brick and Mortar
    6478839Winter Park Branch707 West Morse Blvd., Suite 100, Winter Park, FL 32789May 05, 2008Full Service Brick and Mortar
    7493473Tampa Bay Office Branch5426 Bay Center Drive, Tampa, FL 33609July 15, 2008Full Service Brick and Mortar
    8493474Stuart Office Branch309 Southeast Osceola Street, Suite 106, Stuart, FL 34994August 15, 2008Full Service Brick and Mortar
    9493475Palm Beach Office Branch420 Royal Palm Way, Suite 201, Palm Beach, FL 33480December 15, 2008Full Service Brick and Mortar
    10493476Boca Raton Office Branch1800 North Military Trail, Suite 100, Boca Raton, FL 33486January 22, 2009Full Service Brick and Mortar
    11493477Ponte Vedra Beach Office Branch820 North Highway A1a, Suite E-11, Ponte Vedra Beach, FL 32082January 29, 2009Full Service Brick and Mortar
    12493847Ft. Lauderdale Branch450 East Las Olas Blvd Suite 150, Fort Lauderdale, FL 33301November 10, 2008Full Service Brick and Mortar

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