Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Seacoast Banking Corp of Florida — Merger or Acquisition (December 2004)
11 slides from Seacoast Banking Corporation Of Florida's merger presentation, Dec 1, 2004
Slide 1: Seacoast Banking Corporation of Florida
Seacoast Banking Corporation of Florida
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
Cautionary Notice Regarding Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements about the benefits of the m
Slide 3: Overview of Century National Bank
Overview of Century National Bank Established in 1999 to service the Orlando, Florida market Three branches serving downtown Orlando, Maitland/Winter Park and Longwood Ranks #1 in Maitland/Winter Park community bank market share* Third largest independent community bank located in Orange and Seminol
Slide 4: Current Deal Terms
Current Deal Terms SBCF will pay $29.33 for each fully diluted share of Century Pricing Multiple SBCF / Century Comparable FL Deals Price / Book Value 2.50x 2.98x Price / LTM Earnings 24.54x 25.58x Core Deposit Premium 11.00% 22.18% Total deal value of $46.2 million Unexercised Century options will
Slide 5: Pro Forma Franchise Map
Pro Forma Franchise Map Pro Forma Franchise Map
Slide 6: Orlando Growth Highlights
Orlando Growth Highlights Orlando MSA National Rankings Orlando MSA National Rankings Orlando MSA National Rankings National Rank Category 2003-2008 Projected Annual Growth 1 Total Employment 4.14 % 1 Service Employment 4.58 1 Finance, Insurance, Real Estate Employment 3.84 2 Population 2.76 2 House
Slide 7: Market Size and Growth Comparison
Market Size and Growth Comparison Top Southeastern MSAs Top Southeastern MSAs Top Southeastern MSAs 2004 Population (in millions) 2004 Population (in millions) 2004 Population (in millions) 1 Miami-Ft. Lauderdale-Miami Beach, FL 5.35 2 Washington, DC 5.19 3 Atlanta, GA 4.70 4 Tampa-St. Petersburg -
Slide 8: Revenue Opportunities
Revenue Opportunities Century National Bank has a relatively low expense base and a below peer efficiency ratio of 52.7% No meaningful cost savings anticipated Overhead / Average Assets of 1.48% vs. peer group median of 3.21% Century's historical emphasis on core deposits and short-term securities h
Slide 9: Commercial Lending Palm Beach County
Commercial Lending Palm Beach County Three branches open Two under construction Last Twelve Months (in millions) Last Twelve Months (in millions) Closed Loans $139.8 Unfunded 97.4 Pipeline 85.8 Total Increase In Loans Outstanding $ 68.8
Slide 10: Residential Mortgage Originations
Residential Mortgage Originations Last Twelve Months Last Twelve Months Total Sold $ 8,400,000 Total Originated 19,400,000 Total Mortgage Banking Revenues $ 203,000 Palm Beach County Three branches open Two under construction
Slide 11: Seacoast Banking Corporation of Florida
Seacoast Banking Corporation of Florida
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