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Seacoast Commerce Bank

Chula Vista, CA · Cert 57428

FDIC · 6 branches

Q3 2020

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2020, the quarter ended September 30, 2020, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Seacoast Commerce Bank

Chula Vista, CA · Cert 57428

FDIC · 6 branches

Q3 2020

$1.3BAssets
$1.2BLoans
$1.0BDeposits
$139.6MEquity
Loan mix
88%RE $811.1M12%C&I $108.3M0%Consumer $0.2MQ3 2019Q3 2020
Deposit mix
37%Interest-bearing $368.3M63%Noninterest $637.2MQ3 2019Q3 2020

NIM

5.81%Q3 ’186.04%Q3 ’194.46%Q3 ’20+3%-18%

Non-interest income vs. expense

4.30%Q3 ’184.23%Q3 ’193.49%Q3 ’20+7%-24%

Market Position · San Diego-Chula Vista-Carlsbad, CA · 2020 SOD (annual) · 0.8% share · #15 of 48 inst. · $0.9B of $110.6B

0.8% San Diego
0.1% Orange
0.0% Clark

Executive Summary

  • Earnings: ROA of 1.15%, down 19 bps year over year; NIM at 4.72%.
  • Asset quality: problem loans at 0.41% of loans (-17 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 8.35%, down 36 bps from a year ago.
  • Funding: loans stand at 115.52% of deposits as of Q3 2020.

Financial Results

Return on Assets (YTD, annualized)

1.15%-19 bps YoY

Net Interest Margin (YTD, annualized)

4.72%-104 bps YoY

Efficiency Ratio (YTD, annualized)

68.53%+122 bps YoY

Tier 1 Leverage Ratio

8.35%-36 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2019Q4 2019Q1 2020Q2 2020Q3 2020YoY ΔTrend
Earnings
Return on Assets1.34%1.35%1.35%1.27%1.15%-19 bps
Return on Equity11.65%11.70%11.47%11.20%10.30%-135 bps
Net Interest Margin5.75%5.65%5.45%5.17%4.72%-104 bps
Efficiency Ratio67.31%67.72%66.36%66.38%68.53%+122 bps
Non-Interest Burden3.55%3.51%3.23%2.92%2.71%-84 bps
Growth
Asset Growth (YoY)5.86%8.73%5.57%11.96%22.62%+1,676 bps
Loan Growth (YoY)12.15%7.67%6.18%19.20%26.12%+1,397 bps
Deposit Growth (YoY)11.07%18.43%17.26%3.05%17.98%+690 bps
Asset Quality
Nonperforming Loans / Loans0.57%0.90%0.84%0.46%0.41%-17 bps
Net Charge-Offs / Loans0.04%0.03%0.00%-0.05%-0.01%-6 bps
Allowance / Loans0.64%0.64%0.68%0.65%0.63%-1 bps
Allowance Coverage of NPLs1.1x0.7x0.8x1.4x1.5x+0.4x
Capital
Tier 1 Leverage Ratio8.72%8.86%8.83%8.96%8.35%-36 bps
Total Risk-Based Capital14.85%14.91%14.87%15.03%14.66%-20 bps
Equity / Assets11.95%11.70%11.85%10.68%10.52%-144 bps
Liquidity & Funding
Loans / Deposits108.06%98.63%99.70%104.69%115.52%+746 bps
Liquid Assets / Assets2.47%2.98%3.40%6.84%4.71%+224 bps
CRE / Total Capitaln/an/an/an/an/an/an/a