SOUTHEASTERN BANKING CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. This Analysis should be read in conjunction with the 2008 Annual Report on Form 10-K and the consolidated financial statements & related notes on pages 3 - 20 of this quarterly filing. The Company's accounting policies, which are described in detail in Form 10-K, are integral to understanding the results reported. The Company's accounting policies require management's judgment in valuing assets, liabilities, commitments, and contingencies. A variety of factors could affect the ultimate value that is obtained when earning income, recognizing an expense, recovering an asset, or relieving a liability. This Analysis contains forward-looking statements with respect to business and financial matters. Actual results may vary significantly from those contained in these forward-looking statements. See the sections entitled Critical Accounting Policies and Forward-Looking Statements within this Analysis. Description of Business Southeastern Banking Corporation, with assets exceeding $408,915,000, is a financial services company with operations in southeast Georgia and northeast Florida. Southeastern Bank ("SEB"), the Company's wholly-owned commercial bank subsidiary established in 1889, offers a full line of commercial and retail services to meet the financial needs of its customer base through its seventeen branch locations and ATM network. Services offered include traditional deposit and credit services, long-term mortgage originations, and credit cards. SEB also offers 24-hour delivery channels, including internet and telephone banking, and through an affiliation with Raymond James Financial Services, provides insurance agent and investment brokerage services. Financial Condition Consolidated assets totaled $408,915,467 at September 30, 2009, down $26,071,082 or 5.99% from year-end 2008. A 31.28% decline in investment securities was the primary fa...
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Southeastern Banking Corporation Announces Fourth Quarter 2009 Dividend

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SOUTHEASTERN BANKING CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and

Show all filings for SOUTHEASTERN BANKING CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SOUTHEASTERN BANKING CORP 27-Oct-2009Results of Operations and Financial Condition, Financial Statements and Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information...
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Southeastern Banking Corporation Reports Third Quarter 2009 Earnings

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SOUTHEASTERN BANKING CORP Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue6,389  6,612  6,975  7,296  Cost of Revenue1,418  1,471  1,679  1,769  Gross Profit4,970  5,141  5,296  5,528  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative3,618  3,299  3,525  3,525  Non Recurring -   -   -   -  Others1,250  940  1,877  265  Total Operating Expenses -   -   -   -  Operating Income or Loss102  902  (105)1,738  Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes102  902  (105)1,738  Interest Expense85  108  127  137  Income Before Tax17  794  (233)1,601  Income Tax Expense(87)156  (158)459  Minority Interest -   -   -   -  Net Income From Continuing Ops104  638  (75)1,142  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   - &n...
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SOUTHEASTERN BANKING CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. This Analysis should be read in conjunction with the 2008 Annual Report on Form 10-K and the consolidated financial statements & related notes on pages 3 - 19 of this quarterly filing. The Company's accounting policies, which are described in detail in Form 10-K, are integral to understanding the results reported. The Company's accounting policies require management's judgment in valuing assets, liabilities, commitments, and contingencies. A variety of factors could affect the ultimate value that is obtained when earning income, recognizing an expense, recovering an asset, or relieving a liability. This Analysis contains forward-looking statements with respect to business and financial matters. Actual results may vary significantly from those contained in these forward-looking statements. See the sections entitled Critical Accounting Policies and Forward-Looking Statements within this Analysis. Description of Business Southeastern Banking Corporation, with assets exceeding $407,322,000, is a financial services company with operations in southeast Georgia and northeast Florida. Southeastern Bank ("SEB"), the Company's wholly-owned commercial bank subsidiary established in 1889, offers a full line of commercial and retail services to meet the financial needs of its customer base through its seventeen branch locations and ATM network. Services offered include traditional deposit and credit services, long-term mortgage originations, and credit cards. SEB also offers 24-hour delivery channels, including internet and telephone banking, and through an affiliation with Raymond James Financial Services, provides insurance agent and investment brokerage services. Financial Condition Consolidated assets totaled $407,322,669 at June 30, 2009, down $27,663,880 or 6.36% from year-end 2008. A 26.84% decline in investment securities was the primary factor ...
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SOUTHEASTERN BANKING CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and

Show all filings for SOUTHEASTERN BANKING CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SOUTHEASTERN BANKING CORP 17-Jul-2009Results of Operations and Financial Condition, Financial Statements and Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informatio...
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SOUTHEASTERN BANKING CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. This Analysis should be read in conjunction with the 2008 Annual Report on Form 10-K and the consolidated financial statements & related notes on pages 3 - 11 of this quarterly filing. The Company's accounting policies, which are described in detail in Form 10-K, are integral to understanding the results reported. The Company's accounting policies require management's judgment in valuing assets, liabilities, commitments, and contingencies. A variety of factors could affect the ultimate value that is obtained when earning income, recognizing an expense, recovering an asset, or relieving a liability. This Analysis contains forward-looking statements with respect to business and financial matters. Actual results may vary significantly from those contained in these forward-looking statements. See the sections entitled Critical Accounting Policies and Forward-Looking Statements within this Analysis. Description of Business Southeastern Banking Corporation, with assets exceeding $418,482,000, is a financial services company with operations in southeast Georgia and northeast Florida. Southeastern Bank ("SEB"), the Company's wholly-owned commercial bank subsidiary established in 1889, offers a full line of commercial and retail services to meet the financial needs of its customer base through its seventeen branch locations and ATM network. Services offered include traditional deposit and credit services, long-term mortgage originations, and credit cards. SEB also offers 24-hour delivery channels, including internet and telephone banking, and through an affiliation with Raymond James Financial Services, provides insurance agent and investment brokerage services. Financial Condition Consolidated assets totaled $418,482,255 at March 31, 2009, down $16,504,294 or 3.79% from year-end 2008. An 18.75% decline in investment securities was the primary facto...
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SOUTHEASTERN BANKING CORP Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. This Management's Discussion and Analysis of Financial Condition and Results of Operations (the "Analysis") should be read in conjunction with the Consolidated Financial Statements and related Notes. The Company's accounting policies, which are described in Note 1 to the Consolidated Financial Statements and in the Critical Accounting Policies section of this Analysis, are integral to understanding the results reported. The Company's accounting policies require management's judgment in valuing assets, liabilities, commitments, and contingencies. A variety of factors could affect the ultimate value that is obtained when earning income, recognizing an expense, recovering an asset, or relieving a liability. This Analysis contains forward-looking statements with respect to business and financial matters. Actual results may vary significantly from those contained in these forward-looking statements. See the section entitled Forward-Looking Statements within this Analysis. DESCRIPTION OF BUSINESS Southeastern Banking Corporation, with assets exceeding $434,986,000, is a financial services company with operations in southeast Georgia and northeast Florida. Southeastern Bank, the Company's principal subsidiary, offers a full line of commercial and retail services to meet the financial needs of its customer base through its seventeen branch locations and ATM network. Services offered include traditional deposit and credit services, long-term mortgage originations, and credit cards. SEB also offers 24-hour delivery channels, including internet and telephone banking, and through an affiliation with Raymond James Financial Services, provides insurance agent and investment brokerage services. FINANCIAL CONDITION Consolidated assets totaled $434,986,549 at year-end 2008, down $1,399,168 or 0.32% from December 31, 2007. Declines in investment securities and c...
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SOUTHEASTERN BANKING CORP Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. This Management's Discussion and Analysis of Financial Condition and Results of Operations (the "Analysis") should be read in conjunction with the Consolidated Financial Statements and related Notes. The Company's accounting policies, which are described in Note 1 to the Consolidated Financial Statements and in the Critical Accounting Policies section of this Analysis, are integral to understanding the results reported. The Company's accounting policies require management's judgment in valuing assets, liabilities, commitments, and contingencies. A variety of factors could affect the ultimate value that is obtained when earning income, recognizing an expense, recovering an asset, or relieving a liability. This Analysis contains forward-looking statements with respect to business and financial matters. Actual results may vary significantly from those contained in these forward-looking statements. See the section entitled Forward-Looking Statements within this Analysis. DESCRIPTION OF BUSINESS Southeastern Banking Corporation, with assets exceeding $434,986,000, is a financial services company with operations in southeast Georgia and northeast Florida. Southeastern Bank, the Company's principal subsidiary, offers a full line of commercial and retail services to meet the financial needs of its customer base through its seventeen branch locations and ATM network. Services offered include traditional deposit and credit services, long-term mortgage originations, and credit cards. SEB also offers 24-hour delivery channels, including internet and telephone banking, and through an affiliation with Raymond James Financial Services, provides insurance agent and investment brokerage services. FINANCIAL CONDITION Consolidated assets totaled $434,986,549 at year-end 2008, down $1,399,168 or 0.32% from December 31, 2007. Declines in investment securities and c...
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