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 and Refi loans. Seaside National Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Miami, Jacksonville, Tampa, and North Port among others. We have data for 12 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
63Origination Dollar Volume (All Markets)
$37,425,000Employee count
157Top 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) | 28 | $13,240,000 | $472,857 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 13 | $11,435,000 | $879,615 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $2,705,000 | $541,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $2,155,000 | $718,333 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,475,000 | $491,667 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $635,000 | $635,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 63 | $37,425,000 | $594,048 | $0 | 0.00% |
For 2019, Seaside National Bank & Trust's most frequently originated type of loan was Conventional, with 63 originations.
Loan Reason
For 2019, Seaside National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 63 | $37,425,000 | $594,048 | $0 | 0.00% |
For 2019, Seaside National Bank & Trust's most frequently cited loan duration was Other, with 63 originations.
Loan Sizing
2019 saw Seaside National Bank & Trust place emphasis on $200k-400k loans with 16 originations, totaling $4,470,000 in origination value.
Applicant Income
Seaside National Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 28 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 63 | $37,425,000 | $594,048 | $0 | 0.00% |
Seaside National Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.45%
Seaside National Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination84.13%
Seaside National Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 63 | $37,425,000 | $594,048 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 4 | $4,920,000 | $1,230,000 |
| Single Family (1-4 Units):Site-Built | 59 | $32,505,000 | $550,932 |
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 | $79,132 |
| Seaside National Bank & Trust | 1800 North Military Trail, Suite 100 Boca Raton, FL 33431 | Full Service B&M | $43,706 |
| Seaside National Bank & Trust | 1999 Main Street Sarasota, FL 34236 | Full Service B&M | $57,857 |
| Seaside National Bank & Trust | 201 South Orange Avenue, Suite 1350 Orlando, FL 32801 | Full Service B&M | $595,892 |
| Seaside National Bank & Trust | 2222 Ponde De Leon Blvd, Suite 101 Coral Gables, FL 33134 | Full Service B&M | $132,643 |
| Seaside National Bank & Trust | 3001 Tamiami Trail North Naples, FL 34103 | Full Service B&M | $15,783 |
| Seaside National Bank & Trust | 309 Southeast Osceola Street, Suite 106 Stuart, FL 34994 | Full Service B&M | $25,203 |
| Seaside National Bank & Trust | 420 Royal Palm Way, Suite 200 Palm Beach, FL 33480 | Full Service B&M | $20,196 |
| Seaside National Bank & Trust | 4290 Professional Center Drive, Ste 201 Palm Beach Gardens, FL 33410 | Full Service B&M | $124,840 |
| Seaside National Bank & Trust | 450 East Las Olas Blvd Suite 150 Fort Lauderdale, FL 33301 | Full Service B&M | $56,637 |
| Seaside National Bank & Trust | 4705 South Apopka Vineland Road, Suite 120 Orlando, FL 32819 | Full Service B&M | $107,312 |
| Seaside National Bank & Trust | 5426 Bay Center Drive Tampa, FL 33609 | Full Service B&M | $64,817 |
| Seaside National Bank & Trust | 700 West Morse Blvd., Suite 100 Winter Park, FL 32789 | Full Service B&M | $119,527 |
| Seaside National Bank & Trust | 820 North Highway A1a, Suite E-11 Ponte Vedra Beach, FL 32082 | Full Service B&M | $76,274 |
For 2019, Seaside National Bank & Trust had 14 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $78,364 |
| Net interest income | $50,476 |
| Total noninterest income | $10,054 |
| Gross Fiduciary activities income | $3,544 |
| Service charges on deposit accounts | $675 |
| Trading account gains and fees | $1,203 |
| Additional Noninterest Income | $4,632 |
| Pre-tax net operating income | $19,717 |
| Securities gains (or losses, -) | $-37 |
| Income before extraordinary items | $15,513 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $15,513 |
| Minority interest net income | $0 |
| Net income | $15,513 |
| Sale, conversion, retirement of capital stock, net | $2,159 |
| Net operating income | $15,542 |
Seaside National Bank & Trust's gross interest income from loans was $78,364,000.
Seaside National Bank & Trust's net interest income from loans was $50,476,000.
Seaside National Bank & Trust's fee based income from loans was $675,000.
Seaside National Bank & Trust's net income from loans was $15,513,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $27,888 |
| Provision for credit losses | $5,054 |
| Total noninterest expense | $35,759 |
| Salaries and employee benefits | $23,563 |
| Premises and equipment expense | $4,413 |
| Additional noninterest expense | $7,783 |
| Applicable income taxes | $4,167 |
| Net charge-offs | $4,126 |
| Cash dividends | $0 |
Seaside National Bank & Trust's interest expense for loans was $27,888,000.
Seaside National Bank & Trust's payroll and benefits expense were $23,563,000.
Seaside National Bank & Trust's property, plant and equipment expenses $4,413,000.
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 | 1.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| 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 | $1,521,770 |
| Deposits held in domestic offices | $1,521,770 |
| Deposits by Individuals, partnerships, and corporations | $1,244,068 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $195,288 |
| Deposits by Commercial banks and other depository institutions in U.S. | $82,414 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $186,332 |
| Demand deposits | $58,451 |
| Nontransaction accounts | $1,335,438 |
| Money market deposit accounts (MMDAs) | $1,035,068 |
| Other savings deposits (excluding MMDAs) | $4,063 |
| Total time deposits | $296,307 |
| Total time and savings deposits | $1,463,319 |
| Noninterest-bearing deposits | $294,070 |
| Interest-bearing deposits | $1,227,700 |
| Retail deposits | $1,217,232 |
| IRAs and Keogh plan accounts | $11,942 |
| Brokered deposits | $221,179 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,874,323 |
| Cash & Balances due from depository institutions | $42,855 |
| Interest-bearing balances | $28,272 |
| Total securities | $416,117 |
| Federal funds sold & reverse repurchase | $2,000 |
| Net loans and leases | $1,354,931 |
| Loan and leases loss allowance | $14,868 |
| Trading account assets | $3,615 |
| Bank premises and fixed assets | $24,223 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $4,910 |
| All other assets | $25,672 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,874,323 |
| Total Liabilities | $1,700,864 |
| Total deposits | $1,521,770 |
| Interest-bearing deposits | $1,227,700 |
| Deposits held in domestic offices | $1,521,770 |
| % insured (estimated) | $60 |
| Federal funds purchased and repurchase agreements | $2,591 |
| Trading liabilities | $3,615 |
| Other borrowed funds | $126,000 |
| Subordinated debt | $15,000 |
| All other liabilities | $31,888 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,354,931 |
| Loan and leases loss allowance | $14,868 |
| Total loans and leases (domestic) | $1,369,799 |
| All real estate loans | $662,843 |
| Real estate loans in domestic offices | $662,843 |
| Construction and development loans | $54,581 |
| Residential 1-4 family construction | $14,148 |
| Other construction, all land development and other land | $40,433 |
| Loans secured by nonfarm nonresidential properties | $371,026 |
| Nonfarm nonresidential secured by owner-occupied properties | $190,553 |
| Commercial real estate & other non-farm, non-residential | $180,473 |
| Multifamily residential real estate | $3,649 |
| 1-4 family residential loans | $233,278 |
| Farmland loans | $309 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $661,995 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $37,770 |
| Credit card loans | $0 |
| Related Plans | $131 |
| Consumer Auto Loans | $56 |
| Other loans to individuals | $37,583 |
| All other loans & leases | $7,191 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,401 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $84,851 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Seaside National Bank & Trust had $1,354,931,000 of loans outstanding in 2019. $662,843,000 of loans were in real estate loans. $54,581,000 of loans were in development loans. $3,649,000 of loans were in multifamily mortgage loans. $233,278,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $56,000 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 | $56,667 | $399,063 |
| Nonfarm, nonresidential loans - <$100k | 8 | $311 | $38,875 |
| Nonfarm, nonresidential loans - $100-250k | 24 | $3,404 | $141,833 |
| Nonfarm, nonresidential loans - $250k-1MM | 110 | $52,952 | $481,382 |
| Commercial & Industrial, US addressed loans - <$1MM | 340 | $83,251 | $244,856 |
| Commercial & Industrial, US addressed loans - <$100k | 88 | $2,213 | $25,148 |
| Commercial & Industrial, US addressed loans - $100-250k | 77 | $8,556 | $111,117 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 175 | $72,482 | $414,183 |
| Farmland loans - <$1MM | 1 | $309 | $309,000 |
| Farmland loans - $250k-1MM | 1 | $309 | $309,000 |