PackageTrendsPeer
Letter portraitLegal landscape

Seaside National Bank & Trust

Orlando, FL · Cert 58328

FDIC · 14 branches

Q2 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: Q2 2020, the quarter ended June 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 2026-10-11

Seaside National Bank & Trust

Orlando, FL · Cert 58328

FDIC · 14 branches

Q2 2020

$2.2BAssets
$1.5BLoans
$1.8BDeposits
$164.6MEquity
Loan mix
37%RE $474.8M61%C&I $786.6M3%Consumer $36.6MQ2 2019Q2 2020
Deposit mix
74%Interest-bearing $1.3B26%Noninterest $0.5BQ2 2019Q2 2020

NIM

3.97%Q2 ’184.26%Q2 ’193.20%Q2 ’20-9%-12%

Non-interest income vs. expense

2.04%Q2 ’181.95%Q2 ’191.86%Q2 ’20-5%-7%

Market Position · Orlando-Kissimmee-Sanford, FL · 2020 SOD (annual) · 1.7% share · #11 of 42 inst. · $1.0B of $62.0B

2.4% Orange
0.4% Palm Beach
0.1% Miami-Dade
0.1% Broward

Executive Summary

  • Earnings: ROA of 0.38%, down 20 bps year over year; NIM at 2.36%.
  • Asset quality: problem loans at 0.18% of loans (+2 bps YoY), with net charge-offs at 1.05%.
  • Capital: tier 1 leverage ratio of 7.37%, down 88 bps from a year ago.
  • Funding: loans stand at 81.37% of deposits as of Q2 2020.

Financial Results

Return on Assets (YTD, annualized)

0.38%-20 bps YoY

Net Interest Margin (YTD, annualized)

2.36%-33 bps YoY

Efficiency Ratio (YTD, annualized)

64.44%+375 bps YoY

Tier 1 Leverage Ratio

7.37%-88 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2019Q3 2019Q4 2019Q1 2020Q2 2020YoY ΔTrend
Earnings
Return on Assets0.57%0.72%0.83%0.88%0.38%-20 bps
Return on Equity6.95%8.58%9.64%9.29%4.28%-268 bps
Net Interest Margin2.69%2.73%2.70%2.56%2.36%-33 bps
Efficiency Ratio60.69%60.56%58.25%63.37%64.44%+375 bps
Non-Interest Burden1.46%1.45%1.37%1.44%1.36%-10 bps
Growth
Asset Growth (YoY)1.55%-1.38%-0.47%-2.44%16.52%+1,497 bps
Loan Growth (YoY)-4.15%-3.38%-1.92%-0.27%14.04%+1,819 bps
Deposit Growth (YoY)3.50%-5.81%-2.55%-4.73%19.18%+1,568 bps
Asset Quality
Nonperforming Loans / Loans0.16%0.64%0.56%0.38%0.18%+2 bps
Net Charge-Offs / Loans0.75%0.41%0.30%0.00%1.05%+30 bps
Allowance / Loans1.06%1.08%1.09%1.10%0.88%-17 bps
Allowance Coverage of NPLs6.8x1.7x1.9x2.9x5.0x-1.7x
Capital
Tier 1 Leverage Ratio8.25%8.78%8.88%9.24%7.37%-88 bps
Total Risk-Based Capital12.11%12.22%12.58%12.90%11.82%-29 bps
Equity / Assets8.72%9.04%9.25%9.77%7.64%-108 bps
Liquidity & Funding
Loans / Deposits85.03%88.59%90.01%90.80%81.37%-366 bps
Liquid Assets / Assets12.20%10.55%9.74%8.87%13.30%+111 bps
CRE / Total Capitaln/an/an/an/an/an/an/a