Seacoast Commerce Bank (SCCB) news stock charts
Seacoast Commerce Bank (SCCB/SCCB.OB) Investment Summary:
Seacoast Commerce Bank provides various banking services to small and middle-market businesses, and individuals in Chula Vista and San Diego County, California. Its business banking products and services include small business, commercial business, and business analysis checking accounts, business money markets accounts, and certificates of deposits; and lines of credit; term financing; small business administration loans to acquire business real estate, expand an existing business, purchase machinery and equipment, and an existing business, start a new business, restructure a debt, and for working capital purposes; owner occupied real estate loans, investor owned real estate loans, and cons...SEACOAST COMMERCE BANK (SCCB:OTC Bulletin Board Market)
Snapshot of SEACOAST COMMERCE BANK (SCCB)
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OPEN
$3.50
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PREVIOUS CLOSE
$3.50
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DAY HIGH
$3.50
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DAY LOW
$3.50
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52 WEEK HIGH
07/20/09 - $6.25
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52 WEEK LOW
01/6/10 - $2.25
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MARKET CAP
3.3M
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AVERAGE VOLUME 10 D
60.0
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EPS TTM
--
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SHARES OUTSTANDING
935.0K
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SCCB Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
Key developments for SEACOAST COMMERCE BANK (SCCB)
Seacoast Commerce Bank announced unaudited earnings results for the fourth quarter and full year ended December 31, 2009. For the full year, excluding taxes, provisions for loan losses and the extraordinary items, the bank had a net operating loss of $0.622 million compared to an originally budgeted net loss of $0.608 million. Including the items, the Bank had a net loss of $4.9 million for the year ended December 31, 2009 compared to a net loss of $1.6 million for 2008. The company reported total interest income of $4.96 million and net interest income of $3.2 million compared to total interest income of $4.64 million and net interest income of $2.74 million for the same period last year. For the quarter, the company reported total interest income of $1.44 million, net interest income of $0.957 million and net loss of $2.65 million compared to total interest income of $1.39 million, net interest income of $0.871 million and net loss of $1.62 million for the same period last year.
Seacoast Commerce Bank reported unaudited earnings results for the third quarter ended September 30, 2009. The bank reported a net loss of $1.6 million for the third quarter, compared to a net profit of $222,000 for the same period in 2008. The third quarter loss included several large, one-time, non-recurring items including a pre-payment penalty on the retirement of the Bank's borrowings with the Federal Home Loan Bank; a payment for the early termination of the Bank's Eastlake location lease; and the payment of an insurance deductible associated with the resolution of a litigation matter. The bank reported total interest income of $1,391,000 and net interest income of $871,000 compared to total interest income of $1,150,000 and net interest income of $688,000 for the same period of last year.
Seacoast Commerce Bank reported earnings results for the second quarter ended June 30, 2009. For the quarter, the company reported a net loss of $251,000 compared to a net loss of $1,858,000 for the same period in 2008. The second quarter loss included a provision for loan losses of $130,000 and a $48,000 expense related to the 'special assessment' the FDIC has assessed against all banks. Total interest income was $1,168,000 against $1,245,000 for the same period earlier. Net interest income was $779,000 against $692,000 for the same period earlier.
Seacoast Commerce Bank financial resources
SCCB Competitors
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Industry Analysis
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| Price/Cash Flow | NM | Not Meaningful |
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SCCB |
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SCCB transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Seacoast Commerce Bank
Seacoast Commerce Bank Ranked #1 Bank to Small Businesses
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Seacoast Commerce Bank Ranked #1 Bank to Small Businesses
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