Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Seacoast Banking Corp of Florida — Q3 2012 Earnings Presentation
9 slides from Seacoast Banking Corporation Of Florida's earnings presentation, Oct 31, 2012
Slide 1: Noninterest Income (excluding securities gains)
Service Charges $ 1,620 $ 1,487 $ 1,461 $ 1,599 $ 1,675 Mortgage Banking 1,155 902 623 680 556 Marine 279 244 330 333 229 Opportunities: • Loan growth • Reduction of deposit costs • Nonperforming asset resolution Threats: • Market pressures Noninterest Income (excluding securities gains) Growth in d
Slide 2: Interchange Income
Interchange Income Our focus on building franchise households is paying off
Slide 3: Noninterest Expense
Employee benefits 1,924 1,916 2,010 1,447 1,391 Telephone/data lines 299 297 289 285 286 Furniture and equipment expense 556 607 495 525 555 Legal and professional fees 1,122 1,637 1,776 1,299 1,496 Amortization of intangibles 196 196 201 212 211 Total Core Operating Expense 18,836 19,563 19,224 18,
Slide 4: Core Ending Deposit Growth
Savings deposits 926,960 922,361 847,515 9.4 % Brokered time certificates 8,429 4,558 5,252 60.5 % Total Time Deposits $ 343,361 $ 468,024 $ 489,503 -29.9 % Total Deposits $ 1,679,466 $ 1,718,741 $ 1,661,274 1.1 % Savings deposits 55.2 % 53.7 % 51.0 % Brokered time certificates 0.5 % 0.3 % 0.3 % Tot
Slide 5: Building the Balance Sheet
$75,000,000 Building the Balance Sheet $156,329,000 17.0% CAGR $129,722,000 $97,514,000 3209 a32m0 32011
Slide 6: Credit Analysis and Capital Ratios
Net charge-offs to average loans 0.79 % 2.05 % 1.13 % 1.07 % 0.94 % Loan loss provision $ 900 $ 6,455 $ 2,305 $ 432 - Coverage ratio – NPLs 52.01 % 50.81 % 58.62 % 89.62 % 87.05 % Total Risk Based Capital Ratio 18.67 % 18.43 % 18.62 % 18.77 % Tangible Equity to Tangible Assets 7.96 % 7.78 % 7.79 % 7
Slide 7: Investments in Revenue Growth: Residential Lending
-ENTRAL FLORIDA 3o12 (TD) O New res TREASURE COAST/ BIG LAKE FORT LAUDERDALE Residential Lending Investments in Revenue Growth CENTRAL FLORIDA ‘2011 -$26 9uaton $2012 (770) S456 aon TREASURE COAST/ BIG LAKE PALM BEACH RETAINED LOAN PRODUCTION O14 $302 Mion 2012 (V1D)- $130 Mallon g FORT LAUDERDALE ‘
Slide 8: Investments in Revenue Growth: Commercial Lending
CENTRAL FLORIDA CENTRAL FLORIDA TD Closed Loo (YTD) 4 New Hes TREASURE COASTI BIG LAKE = Prorto 2012-6 Exeing Lenders PALM BEACH {Approved Penang FORT LAUDERDALE FORT LAUDERDALE Coming 2013, 2012 (G3) 1 New Hite 2012 (Ge) —2 New tres Planned Commercial Lending “Approved Pending Casing —Losn in Inves
Slide 9: Slide 9
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