Seaside National Bank & Trust Mortgage Rates, Fees & Info
Orlando, FLLEI: D8SFNSSIDZMKUS9I1S65
Tax ID: 20-3341252
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Mortgage Data
Bank Data
Review & Overview
Seaside National Bank & Trust is a smaller bank specializing in Home Purchase loans. Seaside National Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Naples, Miami, Tampa, and Deltona among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Seaside National Bank & Trust has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
17Origination Dollar Volume (All Markets)
$6,955,000Employee count
152Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $4,335,000 | $394,091 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 17 | $6,955,000 | $409,118 | $0 | 0.00% |
For 2018, Seaside National Bank & Trust's most frequently originated type of loan was Conventional, with 17 originations.
Loan Reason
For 2018, Seaside National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Other, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 17 | $6,955,000 | $409,118 | $0 | 0.00% |
For 2018, Seaside National Bank & Trust's most frequently cited loan duration was Other, with 17 originations.
Loan Sizing
2018 saw Seaside National Bank & Trust place emphasis on $200k-400k loans with 8 originations, totaling $2,090,000 in origination value.
Applicant Income
Seaside National Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 17 | $6,955,000 | $409,118 | $0 | 0.00% |
Seaside National Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 17 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 13 | $5,675,000 | $436,538 | $0 | 0.00% |
| White | 4 | $1,280,000 | $320,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.67%
Seaside National Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination70.59%
Seaside National Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 17 | $6,955,000 | $409,118 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 17 | $6,955,000 | $409,118 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Seaside National Bank & Trust | 100 Colonial Center Parkway Lake Mary, FL 32746 | Full Service B&M | $68,916 |
| Seaside National Bank & Trust | 1800 North Military Trail, Suite 100 Boca Raton, FL 33431 | Full Service B&M | $32,112 |
| Seaside National Bank & Trust | 1999 Main Street Sarasota, FL 34236 | Full Service B&M | $72,598 |
| Seaside National Bank & Trust | 201 South Orange Avenue Orlando, FL 32801 | Full Service B&M | $613,118 |
| Seaside National Bank & Trust | 2222 Ponde De Leon Blvd, Suite 101 Coral Gables, FL 33134 | Full Service B&M | $113,398 |
| Seaside National Bank & Trust | 3001 Tamiami Trail North Naples, FL 34103 | Full Service B&M | $10,966 |
| Seaside National Bank & Trust | 309 Southeast Osceola Street, Suite 106 Stuart, FL 34994 | Full Service B&M | $25,230 |
| Seaside National Bank & Trust | 420 Royal Palm Way, Suite 200 Palm Beach, FL 33480 | Full Service B&M | $21,875 |
| Seaside National Bank & Trust | 4290 Professional Center Drive, Ste 201 Palm Beach Gardens, FL 33410 | Full Service B&M | $120,770 |
| Seaside National Bank & Trust | 450 East Las Olas Blvd Suite 150 Fort Lauderdale, FL 33301 | Full Service B&M | $51,844 |
| Seaside National Bank & Trust | 4705 South Apopka Vineland Road, Suite 120 Orlando, FL 32819 | Full Service B&M | $80,528 |
| Seaside National Bank & Trust | 5426 Bay Center Drive Tampa, FL 33609 | Full Service B&M | $70,941 |
| Seaside National Bank & Trust | 700 West Morse Blvd., Suite 100 Winter Park, FL 32789 | Full Service B&M | $115,301 |
| Seaside National Bank & Trust | 820 North Highway A1a, Suite E-11 Ponte Vedra Beach, FL 32082 | Full Service B&M | $70,891 |
For 2018, Seaside National Bank & Trust had 14 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $73,915 |
| Net interest income | $52,139 |
| Total noninterest income | $8,686 |
| Gross Fiduciary activities income | $3,204 |
| Service charges on deposit accounts | $682 |
| Trading account gains and fees | $471 |
| Additional Noninterest Income | $4,329 |
| Pre-tax net operating income | $23,516 |
| Securities gains (or losses, -) | $270 |
| Income before extraordinary items | $17,904 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $17,904 |
| Minority interest net income | $0 |
| Net income | $17,904 |
| Sale, conversion, retirement of capital stock, net | $2,159 |
| Net operating income | $17,690 |
Seaside National Bank & Trust's gross interest income from loans was $73,915,000.
Seaside National Bank & Trust's net interest income from loans was $52,139,000.
Seaside National Bank & Trust's fee based income from loans was $682,000.
Seaside National Bank & Trust's net income from loans was $17,904,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $21,776 |
| Provision for credit losses | $1,499 |
| Total noninterest expense | $35,810 |
| Salaries and employee benefits | $22,994 |
| Premises and equipment expense | $4,373 |
| Additional noninterest expense | $8,443 |
| Applicable income taxes | $5,882 |
| Net charge-offs | $318 |
| Cash dividends | $0 |
Seaside National Bank & Trust's interest expense for loans was $21,776,000.
Seaside National Bank & Trust's payroll and benefits expense were $22,994,000.
Seaside National Bank & Trust's property, plant and equipment expenses $4,373,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 1.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,561,543 |
| Deposits held in domestic offices | $1,561,543 |
| Deposits by Individuals, partnerships, and corporations | $1,345,940 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $170,447 |
| Deposits by Commercial banks and other depository institutions in U.S. | $45,156 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $219,236 |
| Demand deposits | $63,532 |
| Nontransaction accounts | $1,342,307 |
| Money market deposit accounts (MMDAs) | $1,104,231 |
| Other savings deposits (excluding MMDAs) | $5,700 |
| Total time deposits | $232,376 |
| Total time and savings deposits | $1,498,011 |
| Noninterest-bearing deposits | $302,657 |
| Interest-bearing deposits | $1,258,886 |
| Retail deposits | $1,216,880 |
| IRAs and Keogh plan accounts | $10,868 |
| Brokered deposits | $256,263 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,883,189 |
| Cash & Balances due from depository institutions | $42,455 |
| Interest-bearing balances | $28,070 |
| Total securities | $418,638 |
| Federal funds sold & reverse repurchase | $2,000 |
| Net loans and leases | $1,382,739 |
| Loan and leases loss allowance | $13,940 |
| Trading account assets | $1,657 |
| Bank premises and fixed assets | $2,183 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $5,411 |
| All other assets | $28,106 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,883,189 |
| Total Liabilities | $1,734,057 |
| Total deposits | $1,561,543 |
| Interest-bearing deposits | $1,258,886 |
| Deposits held in domestic offices | $1,561,543 |
| % insured (estimated) | $56 |
| Federal funds purchased and repurchase agreements | $22,971 |
| Trading liabilities | $1,657 |
| Other borrowed funds | $126,000 |
| Subordinated debt | $15,000 |
| All other liabilities | $6,886 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,382,739 |
| Loan and leases loss allowance | $13,940 |
| Total loans and leases (domestic) | $1,396,679 |
| All real estate loans | $650,248 |
| Real estate loans in domestic offices | $650,248 |
| Construction and development loans | $84,443 |
| Residential 1-4 family construction | $15,368 |
| Other construction, all land development and other land | $69,075 |
| Loans secured by nonfarm nonresidential properties | $326,894 |
| Nonfarm nonresidential secured by owner-occupied properties | $174,227 |
| Commercial real estate & other non-farm, non-residential | $152,667 |
| Multifamily residential real estate | $6,543 |
| 1-4 family residential loans | $232,057 |
| Farmland loans | $311 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $693,606 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $40,705 |
| Credit card loans | $0 |
| Related Plans | $101 |
| Consumer Auto Loans | $90 |
| Other loans to individuals | $40,514 |
| All other loans & leases | $12,120 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $6,888 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $29,399 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $217 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Seaside National Bank & Trust had $1,382,739,000 of loans outstanding in 2018. $650,248,000 of loans were in real estate loans. $84,443,000 of loans were in development loans. $6,543,000 of loans were in multifamily mortgage loans. $232,057,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $90,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 142 | $54,147 | $381,317 |
| Nonfarm, nonresidential loans - <$100k | 11 | $539 | $49,000 |
| Nonfarm, nonresidential loans - $100-250k | 29 | $4,381 | $151,069 |
| Nonfarm, nonresidential loans - $250k-1MM | 102 | $49,227 | $482,618 |
| Commercial & Industrial, US addressed loans - <$1MM | 417 | $102,482 | $245,760 |
| Commercial & Industrial, US addressed loans - <$100k | 120 | $3,610 | $30,083 |
| Commercial & Industrial, US addressed loans - $100-250k | 80 | $9,623 | $120,288 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 217 | $89,249 | $411,286 |
| Farmland loans - <$1MM | 1 | $311 | $311,000 |
| Farmland loans - $250k-1MM | 1 | $311 | $311,000 |