EX-99.1

Dennis S. Hudson, III
Chairman and Chief Executive Officer
Seacoast Banking Corporation of Florida
(772) 288-6085

William R. Hahl
Executive Vice President/
Chief Financial Officer
(772) 221-2825

- “Switch to Seacoast” campaign accelerates new household and revenue growth

- Revenue increases 8.5 percent annualized
- Strong growth in fee income and margin expansion to 3.35 percent

- Nonperforming loans decline by 23.5 percent
- Eliminated exposure to large residential construction and development loans

STUART, FL., October 21, 2010 – Seacoast Banking Corporation of Florida (NASDAQ-NMS: SBCF), today reported a significantly improved net loss for the third quarter of 2010 totaling $7,638,000, compared to $40,777,000 for the third quarter a year ago. In addition, the net loss was lower for the first nine months of 2010, totaling $22,998,000, compared to $108,537,000 for 2009. For the first nine months of 2009, the net loss was impacted by a $49.8 million goodwill impairment, as well as, much higher provisioning for loan losses. The net loss that is available to Common shareholders for the third quarter and year to date 2010 totaled $8,575,000, or $0.09 diluted earnings per share (DEPS) and $25,809,000, or $0.36 DEPS, respectively, compared to a loss of $1.21 DEPS and $4.58 DEPS a year ago for the same periods, respectively.

Revenues increased on a linked quarter basis as a result of the Company’s retail and small business deposit growth initiatives, improvements in loan production and significantly reduced levels of new problem loans. Annualized revenue on a linked quarter basis grew by 8.5 percent as a result of improved margins and significant growth in noninterest income, while expenses net of credit related costs continued to decline.

Nonperforming loans declined by 23.5 percent during the quarter and totaled 5.50 percent of loans outstanding. Nonperforming loans have consistently declined for the past four quarters and have been reduced to $69.5 million, a level last achieved in the first quarter of 2008, compared with a peak level of $154.0 million or 10.23 percent of loans one year ago. The improvement is the result of aggressive liquidation activities and a slowing of new problem loans. Total loans (including nonperforming loans) delinquent 30 days or more fell to 4.66 percent of loans, the lowest level since the second quarter of 2008. Early stage delinquencies (accruing loans 30 – 89 days past due) remained nominal at 0.60 percent of loans outstanding. The allowance for loan losses remains strong at 3.04 percent compared with 3.10 percent the prior quarter and 3.25 percent the prior year when nonperforming assets peaked at $180.8 million.

The Company’s capital position remains strong with a total risk-based capital ratio of 18.9 percent at June 30, 2010, compared to 18.4 percent (estimated) at September 30, 2010. New loan growth has been concentrated in industries that have not been as significantly impacted by the recession and residential home purchase transactions. Accruing loans remained nearly unchanged at $1.194 billion at September 30, 2010, down only $15.9 million or 1.3 percent, as a result of loan production and less loans moving to nonaccrual status during the third quarter. Total loans outstanding declined year-over-year by $241.2 million or 16.0 percent.

Retail household growth for the entire year has improved as a result of the Company’s retail deposit program and more recently expanded efforts to attract new commercial deposit accounts. This quarter, new household acquisition was particularly strong with new personal checking retail relationships opened during the quarter up 19.1 percent from the same quarter a year ago and 14.1 percent from the second quarter. Likewise, new commercial business checking deposit relationships opened increased by 30.7 percent compared with the same quarter one year ago.

New personal checking relationships have increased as a result of our programs with improved market share, increased average services per household and decreased customer attrition. Since initial implementation in 2008, the acquisition of new retail checking deposit households and the average services per household have increased 32.4 percent and 37.0 percent, respectively.

Nonperforming assets (nonperforming loans and foreclosed and repossessed assets) continued to decline each quarter in 2010, down $8 million from the second quarter and $79 million lower compared to the prior year’s third quarter. During the third quarter 2010, the Company sold approximately $5.8 million in nonperforming loans and foreclosed properties. The sale included larger balance residential construction and land development loans. This quarter the Company eliminated its exposure to large residential construction and land development loans. Of the remaining small balance residential construction and land development loans of $21.3 million, $5.7 million are currently classified as nonperforming with an overall portfolio average balance of approximately $645,000.

“The virtual elimination of our exposure to residential construction and land development loans which produced the majority of loan losses over the past three years allows us to accelerate our focus on revenue growth and franchise enhancement”, said Dennis S. Hudson, III, Chairman and Chief Executive Officer of Seacoast. “As predicted, our effort to address the slumping housing market in Florida which began early, well ahead of the industry as a whole, has positioned us to be among the first in the state to emerge from its negative effects.”

•

Total revenues (excluding securities gains, net) increased $444,000 linked-quarter to $21.3 million, an increase of 8.5 percent annualized.

•

Service charges on deposits accounts increased 16.3 percent linked-quarter annualized as a result of 4,238 new households over the first nine months, up 11.2 percent compared to last year.

•

Debit card income for the quarter totaled $810,000, up $136,000 or 20.2 percent compared to the prior year’s results, reflecting the growth in new deposit accounts.

•

Mortgage banking revenues grew as a result of expanded capacity and focused growth initiatives increasing year-over-year by $317,000 or 94.1 percent to $654,000 for the quarter.

•

Seacoast was the largest producer of residential mortgage purchase loans in its important and largest market, the Treasure Coast, for the first seven months of 2010.

•

Noninterest bearing checking balances totaled 16.5 percent of average deposits at quarter-end compared with 15.8 percent the prior year.

•

Core deposits (total deposits excluding time deposits over $100,000 and brokered deposits) comprise 84.2 percent of deposits versus 78.6 percent a year ago.

•

Average cost of deposits totaled 0.84 percent, down 10 basis points from the second quarter of 2010 and 40 basis points lower compared to the prior year.

Noninterest expenses totaled $20.2 million, down $262,000 from the prior year’s third quarter. Year-to-date noninterest expenses totaled $62.8 million compared to $61.1 million (excluding goodwill impairment) a year ago, all of which was attributed to higher legal and professional fees (including non-recurring consulting fees totaling approximately $2.1 million for development and implementation assistance related to our strategic plan and enterprise risk management projects). The Company will continue to reduce its overhead and expects to implement cost saving measures in the last quarter of the year and the first quarter of 2011. The goal is to reduce core operating expenses (total noninterest expense less nonrecurring professional fees for consulting, credit related legal costs and other direct expenses associated with other real estate owned (“OREO”), and losses from sale of OREO, collectively noncore operating expenses) by $2 million to $2.5 million annually. Non-core operating expenses for the third quarter totaled $2.6 million, up from $1.1 million in the second quarter 2010. On a year-to-date basis, non-core operating expenses totaled $8.9 million in 2010 compared to $5.0 million in 2009. Core operating expenses totaled $17.7 million in the third quarter, slightly lower than the first and second quarter’s results of $18.1 million and $18.2 million, respectively. For the first nine months, core operating expenses totaled $53.9 million for 2010, down by $2.2 million from last year’s first nine month total of $56.1 million, primarily the result of full year impacts of last year’s branch consolidations.

Noninterest income, excluding securities gains and losses, increased 17.4 percent annualized when compared to the second quarter, reflecting increased revenues from service charges on deposit accounts, marine finance fees, wealth management, and mortgage banking fees offset by lower merchant income. As previously indicated, the improvement in market share and focus programs to grow retail and commercial customer households is beginning to produce increased revenues. While market uncertainty remains, we are seeing improvements across our business lines as we implement our “back to basics” community banking strategy. We expect seasonal revenue improvements in these fee-based businesses to continue in the fourth quarter.

The net interest margin increased by 8 basis points to 3.35 percent in the third quarter 2010 compared to the second quarter of 2010 primarily as a result of lower nonperforming assets and lower costs for interest bearing liabilities. Interest bearing deposit costs decreased 11 basis points to 1.01 percent in the third quarter 2010 and total interest bearing liabilities decreased from 1.17 percent for the second quarter to 1.09 percent in the third quarter. The mix in deposits continues to improve as new households are on-boarded with average checking and savings deposits (excluding all time deposits) rising to 67 percent from 60 percent a year ago. Checking and savings deposits totaled $1.134 billion at September 30, 2010, up $89 million or 8.5 percent compared to third quarter 2009. Total average deposits declined $47.4 million over the year to $1.691 billion due to a $136.2 million decline in average time deposits attributable to the planned runoff of brokered and single service time deposit customers.

The Company will host a conference call on Friday, October 22, 2010 at 9:00 a.m. (Eastern Time) to discuss its earnings results and business trends. Investors may call in (toll-free) by dialing (888) 517-2464 (access code: 5785075; leader: Dennis S. Hudson). Charts will be used during the conference call and may be accessed at Seacoast’s website at www.seacoastbanking.net by selecting “Presentations” under the heading “Investor Services”. A replay of the conference call will be available beginning the afternoon of October 22 by dialing (877) 213-9653 (domestic), using the passcode 5785075.

Alternatively, individuals may listen to the live webcast of the presentation by visiting the Company’s website at www.seacoastbanking.net. The link to the live audio webcast is located in the subsection “Presentations” under the heading “Investor Services”. Beginning the afternoon of October 22, 2010, an archived version of the webcast can be accessed from this same subsection of the website. This webcast will be archived and available for one year.

Seacoast, with approximately $2.0 billion in assets, is one of the largest independent commercial banking organizations in Florida. Seacoast has 39 offices in South and Central Florida and is headquartered on Florida’s Treasure Coast, which is one of the wealthiest areas in the nation.

This press release 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 future financial and operating results, ability to realized deferred tax assets, cost savings, enhanced revenues, economic and seasonal conditions in our markets, and improvements to reported earnings that may be realized from cost controls and for integration of banks that we have acquired, as well as statements with respect to Seacoast’s objectives, expectations and intentions and other statements that are not historical facts. Actual results may differ from those set forth in the forward-looking statements.

Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance or achievements of Seacoast to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. You should not expect us to update any forward-looking statements.

You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “support”, “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “further”, “point to,” “project,” “could,” “intend” or other similar words and expressions of the future. These forward-looking statements may not be realized due to a variety of factors, including, without limitation: the effects of future economic and market conditions, including seasonality; governmental monetary and fiscal policies, as well as legislative, tax and regulatory changes; changes in accounting policies, rules and practices; the risks of changes in interest rates on the level and composition of deposits, loan demand, liquidity and the values of loan collateral, securities, and interest sensitive assets and liabilities; interest rate risks, sensitivities and the shape of the yield curve; the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions operating in our market areas and elsewhere, including institutions operating regionally, nationally and internationally, together with such competitors offering banking products and services by mail, telephone, computer and the Internet; and the failure of assumptions underlying the establishment of reserves for possible loan losses. The risks of mergers and acquisitions, include, without limitation: unexpected transaction costs, including the costs of integrating operations; the risks that the businesses will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; the potential failure to fully or timely realize expected revenues and revenue synergies, including as the result of revenues following the merger being lower than expected; the risk of deposit and customer attrition; any changes in deposit mix; unexpected operating and other costs, which may differ or change from expectations; the risks of customer and employee loss and business disruption, including, without limitation, as the result of difficulties in maintaining relationships with employees; increased competitive pressures and solicitations of customers by competitors; as well as the difficulties and risks inherent with entering new markets.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2009 under “Special Cautionary Notice Regarding Forward-Looking Statements” and “Risk Factors”, and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov.


	Three Months Ended									Nine Months Ended
(Dollars in thousands,	September 30,									September 30,
except per share data)	2010				2009					2010				2009
Summary of Earnings
Net loss	$	(7,638	)		$	(40,777	)		$		(22,998	)		$	(108,537	)
Net loss, available to common shareholders		(8,575	)			(41,714	)				(25,809	)			(111,348	)
Net interest income (1)		16,532				19,101					50,107				56,329
Performance Ratios
Return on average assets-GAAP basis (2), (3)		(1.47	)	%		(7.55	)	%			(1.46	)	%		(6.49	)	%
Return on average tangible assets (2),(3),(4)		(1.44	)			(7.53	)				(1.43	)			(6.56	)
Return on average shareholders’ equity–GAAP basis (2), (3)		(16.63	)			(86.49	)				(17.93	)			(70.64	)
Net interest margin (1), (2)		3.35				3.74					3.35				3.61
Per Share Data
Net loss diluted-GAAP basis	$	(0.09	)		$	(1.21	)		$		(0.36	)		$	(4.58	)
Net loss basic-GAAP basis		(0.09	)			(1.21	)				(0.36	)			(4.58	)
Cash dividends declared		0.00				0.00					0.00				0.01

(2)

These ratios are stated on an annualized basis and are not necessarily indicative of future periods.

(3)

The calculations of ROA and ROE do not include the mark-to-market unrealized gains (losses) because the unrealized gains (losses) are not included in net income (loss).

(4)

The Company believes that return on average assets and equity excluding the impacts of noncash amortization expense on intangible assets is a better measurement of the Company’s trend in earnings growth.


	September 30,						Increase/
	2010			2009			(Decrease)
Credit Analysis
Net charge-offs year-to-date	$	34,450		$	63,791			(46.0	)	%
Net charge-offs to average loans		3.42	%		5.25	%		(34.9	)
Loan loss provision year-to-date	$	27,705		$	83,253			(66.7	)
Allowance to loans at end of period		3.04	%		3.25	%		(6.5	)
Nonperforming loans	$	69,519		$	153,981			(54.9	)
OREO		32,406			26,819			20.8

Total nonperforming assets		101,925		$	180,800			(43.6	)

Restructured loans (accruing)	$	64,403		$	16,061			301.0
Nonperforming assets to loans and other real estate owned at end of period		7.87	%		11.80	%		(33.3	)
Nonperforming assets to total assets		5.06	%		8.45	%		(40.1	)
Selected Financial Data
Total assets	$	2,014,405		$	2,139,915			(5.9	)
Securities – Available for sale (at fair value)		426,931			342,742			24.6
Securities – Held for investment (at amortized cost)		23,500			19,296			21.8
Net loans		1,224,899			1,455,716			(15.9	)
Deposits		1,637,030			1,761,287			(7.1	)
Total shareholders’ equity		179,595			180,324			(0.4	)
Common shareholders’ equity		133,659			135,638			(1.5	)
Book value per share common		1.43			2.57			(44.4	)
Tangible book value per share		1.89			3.33			(43.2	)
Tangible common book value per share (5)		1.39			2.48			(44.0	)
Average shareholders’ equity to average assets		8.15	%		9.18	%		(11.2	)
Tangible common equity to tangible to assets (5),(6)		6.48			6.14			5.5
Average Balances (Year-to-Date)
Total assets	$	2,103,204		$	2,237,422			(6.0	)
Less: intangible assets		3,695			37,928			(90.3	)

Total average tangible assets	$	2,099,509		$	2,199,494			(4.5	)

Total equity	$	171,453		$	205,439			(16.5	)
Less: intangible assets		3,695			37,928			(90.3	)

Total average tangible equity	$	167,758		$	167,511			0.1

(5) The Company defines tangible common equity as total shareholders equity less preferred stock and intangible assets.

(6)

The ratio of tangible common equity to tangible assets is a non-GAAP ratio used by the investment community to measure capital adequacy.


		Three Months Ended										Nine Months Ended
					September 30,							September 30,
(Dollars in thousands, except per share data)		2010					2009					2010					2009
Interest on securities:
Taxable	$		3,344		$			4,276		$			10,397		$			12,495
Nontaxable			61					73					187					233
Interest and fees on loans			17,181					20,836					52,951					65,634
Interest on federal funds sold and other investments			252					163					763					420

Total Interest Income			20,838					25,348					64,298					78,782
Interest on deposits			865					1,133					3,343					4,784
Interest on time certificates			2,725					4,283					8,798					14,813
Interest on borrowed money			787					881					2,266					3,040

Total Interest Expense			4,377					6,297					14,407					22,637

Net Interest Income			16,461					19,051					49,891					56,145
Provision for loan losses			8,866					45,374					27,705					83,253

Net Interest Income (Loss) After Provision for Loan Losses			7,595					(26,323	)				22,186					(27,108	)
Noninterest income:
Service charges on deposit accounts			1,511					1,732					4,335					4,879
Trust income			500					517					1,467					1,555
Mortgage banking fees			654					337					1,539					1,324
Brokerage commissions and fees			306					326					849					1,095
Marine finance fees			330					249					979					925
Debit card income			810					674					2,349					1,955
Other deposit based EFT fees			71					73					246					252
Merchant income			322					371					1,200					1,355
Other income			297					348					998					1,074

			4,801					4,627					13,962					14,414
Securities gains, net			210					1,425					3,687					3,211

Total Noninterest Income			5,011					6,052					17,649					17,625
Noninterest expenses:
Salaries and wages			6,631					6,598					19,869					20,247
Employee benefits			1,367					1,362					4,564					4,881
Outsourced data processing costs			1,772					1,705					5,500					5,402
Telephone / data lines			383					472					1,184					1,415
Occupancy			1,928					2,072					5,781					6,283
Furniture and equipment			595					675					1,789					2,004
Marketing			577					639					2,146					1,548
Legal and professional fees			2,491					1,653					6,194					4,648
FDIC assessments			966					1,007					3,011					3,910
Amortization of intangibles			212					315					773					944
Asset dispositions expense			587					220					1,146					979
Net loss on other real estate owned and
repossessed assets			849					1,845					4,778					3,028
Goodwill impairment			0					0					0					49,813
Other			1,886					1,943					6,098					5,777

Total Noninterest Expenses			20,244					20,506					62,833					110,879
Loss Before Income Taxes			(7,638	)				(40,777	)				(22,998	)				(120,362	)
Provision for income taxes			0					0					0					(11,825	)

Net Loss	$		(7,638	)		$		(40,777	)		$		(22,998	)		$		(108,537	)

Preferred Stock Dividends and Accretion on
Preferred Stock Discount			937					937					2,811					2,811

Net Loss Available to Common
Shareholders	$		(8,575	)		$		(41,714	)		$		(25,809	)		$		(111,348	)

Per share common stock:
Net loss diluted	$		(0.09	)		$		(1.21	)		$		(0.36	)		$		(4.58	)
Net loss basic			(0.09	)				(1.21	)				(0.36	)				(4.58	)
Cash dividends declared			0.00					0.00					0.00					0.01
Average diluted shares outstanding			93,388,715					34,571,200					70,878,230					24,299,915
Average basic shares outstanding			93,388,715					34,571,200					70,878,230					24,299,915


	September 30,			December 31,			September 30,
(Dollars in thousands)	2010			2009			2009
Assets
Cash and due from banks	$	27,833		$	32,200		$	32,515
Interest bearing deposits with other banks		173,409			182,900			137,640

Total Cash and Cash Equivalents		201,242			215,100			170,155
Securities:
Available for sale (at fair value)		426,931			393,648			342,742
Held for investment (at amortized cost)		23,500			17,087			19,296

Total Securities		450,431			410,735			362,038
Loans available for sale		7,799			18,412			5,857
Loans, net of unearned income		1,263,346			1,397,503			1,504,566
Less: Allowance for loan losses		(38,447	)		(45,192	)		(48,850	)

Net Loans		1,224,899			1,352,311			1,455,716
Bank premises and equipment, net		36,689			38,932			42,143
Other real estate owned		32,406			25,385			26,819
Goodwill and other intangible assets		3,348			4,121			4,436
Other assets		57,591			86,319			72,751

	$	2,014,405		$	2,151,315		$	2,139,915

Liabilities and Shareholders’ Equity
Liabilities
Deposits
Demand deposits (noninterest bearing)	$	276,739		$	268,789		$	264,092
Savings deposits		814,098			838,288			788,154
Other time deposits		287,406			326,070			332,788
Brokered time certificates		11,788			38,656			55,469
Time certificates of $100,000 or more		246,999			307,631			320,784

Total Deposits		1,637,030			1,779,434			1,761,287
Federal funds purchased and securities sold under agreements to repurchase, maturing within 30 days		62,522			105,673			68,797
Borrowed funds		50,000			50,000			65,053
Subordinated debt		53,610			53,610			53,610
Other liabilities		31,648			10,663			10,844

		1,834,810			1,999,380			1,959,591
Shareholders’ Equity
Preferred stock – Series A		45,936			44,999			44,686
Common stock		9,345			5,887			5,285
Additional paid in capital		221,426			178,096			166,800
Retained earnings		(102,134	)		(78,200	)		(39,775	)
Treasury stock		(1	)		(855	)		(1,181	)

		174,572			149,927			175,815
Accumulated other comprehensive income, net		5,023			2,008			4,509

Total Shareholders’ Equity		179,595			151,935			180,324

	$	2,014,405		$	2,151,315		$	2,139,915

Common Shares Outstanding		93,452,708			58,867,229			52,849,625

Note: The balance sheet at December 31, 2009 has been derived from the audited financial statements at that date.


	Quarters
	2010
(Dollars in thousands, except per share data)	Third					Second				First

Net loss		$	(7,638	)		$	(13,796	)		$	(1,564	)
Operating Ratios
Return on average assets-GAAP basis (2),(3)			(1.47	)	%		(2.61	)	%		(0.30	)%
Return on average tangible assets (2),(3),(4)			(1.44	)			(2.58	)			(0.26	)
Return on average shareholders’ equity GAAP basis (2),(3)			(16.63	)			(30.73	)			(4.18	)
Net interest margin (1),(2)			3.35				3.27				3.48
Average equity to average assets			8.83				8.49				7.13
Credit Analysis
Net charge-offs		$	10,700			$	20,209			$	3,541
Net charge-offs to average loans			3.29		%		5.95		%		1.03	%
Loan loss provision		$	8,866			$	16,771			$	2,068
Allowance to loans at end of period			3.04		%		3.10		%		3.18	%
Restructured Loans (accruing)		$	64,403			$	64,876			$	60,032
Nonperforming loans		$	69,519			$	90,885			$	96,321
OREO			32,406				19,018				19,076

Nonperforming assets		$	101,925			$	109,903			$	115,397

Nonperforming assets to loans and other real estate owned at end of period			7.87		%		8.33		%		8.29	%
Nonperforming assets to total assets			5.06				5.25				5.44
Nonaccrual loans and accruing loans 90 days or more past due to loans outstanding at end of period			5.50				6.99				7.03
Per Share Common Stock
Net loss diluted-GAAP basis		$	(0.09	)		$	(0.25	)		$	(0.04	)
Net loss basic-GAAP basis			(0.09	)			(0.25	)			(0.04	)
Cash dividends declared			0.00				0.00				0.00
Book value per share			1.43				1.51				1.80
Average Balances
Total assets	$2,062,857					$	2,120,388			$	2,127,074
Less: Intangible assets			3,452				3,669				3,969

Total average tangible assets	$2,059,405					$	2,116,719			$	2,123,105

Total equity		$	182,202			$	180,093			$	151,731
Less: Intangible assets			3,452				3,669				3,969

Total average tangible equity		$	178,750			$	176,424			$	147,762

(2)

These ratios are stated on an annualized basis and are not necessarily indicative of future periods.

(3)

The calculations of ROA and ROE do not include the mark-to-market unrealized gains (losses) because the unrealized gains (losses) are not included in net income (loss).

(4)


	2009				Last 12
(Dollars in thousands, except per share data)	Fourth				Months
	Quarter

Net loss	$	(38,149	)		$	(61,147	)
Operating Ratios
Return on average assets-GAAP basis (2),(3)		(6.91	)	%		(2.88	)	%
Return on average tangible assets (2),(3),(4)		(6.89	)			(2.85	)
Return on average shareholders’ equity GAAP basis (2),(3)		(84.51	)			(35.27	)
Net interest margin (1),(2)		3.37				3.35
Average equity to average assets		8.18				8.16
Credit Analysis
Net charge-offs	$	45,172			$	79,622
Net charge-offs to average loans		12.12		%		5.76		%
Loan loss provision	$	41,514			$	69,219
Allowance to loans at end of period		3.23		%
Restructured Loans (accruing)		57,433
Nonperforming loans		97,876
OREO		25,385

Nonperforming assets		123,261

Nonperforming assets to loans and other real estate owned at end of period		8.66		%
Nonperforming assets to total assets		5.73
Nonaccrual loans and accruing loans 90 days or more past due to loans outstanding at end of period		7.01
Per Share Common Stock
Net loss diluted-GAAP basis		(0.73	)		$	(0.97	)
Net loss basic-GAAP basis		(0.73	)			(0.97	)
Cash dividends declared		0.00				0.00
Book value per share		1.82
Average Balances
Total assets	$	2,189,699
Less: Intangible assets		4,274

Total average tangible assets	$	2,185,425

Total equity	$	179,093
Less: Intangible assets		4,274

Total average tangible equity	$	174,819

(2)

These ratios are stated on an annualized basis and are not necessarily indicative of future periods.

(3)

The calculations of ROA and ROE do not include the mark-to-market unrealized gains (losses) because the unrealized gains (losses) are not included in net income (loss).

(4)


	2010						2010							2009
	Third Quarter							Second Quarter							Third Quarter

	Average			Yield/				Average			Yield/				Average			Yield/
(Dollars in thousands)	Balance			Rate				Balance			Rate				Balance			Rate

Assets
Earning assets:
Securities:
Taxable	$	402,970			3.32	%		$	388,538			3.42	%		$	348,770			4.90	%
Nontaxable		5,463			6.81				5,703			6.10				6,742			6.59

Total Securities		408,433			3.37				394,241			3.46				355,512			4.93

Federal funds sold and other
investments		259,492			0.39				267,380			0.41				97,215			0.67

Loans, net		1,291,879			5.29				1,361,343			5.19				1,571,186			5.26

Total Earning Assets		1,959,804			4.23				2,022,964			4.22				2,023,913			4.98

Allowance for loan losses		(40,434	)						(42,415	)						(43,124	)
Cash and due from banks		27,311							28,559							28,614
Premises and equipment		37,421							38,182							42,636
Other assets		78,755							73,098							90,189

	$	2,062,857						$	2,120,388						$	2,142,228


Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
NOW	$	73,188			0.28	%		$	52,258			0.36	%		$	50,662			0.51	%
Savings deposits		107,241			0.15				105,984			0.23				102,429			0.28
Money market accounts		675,273			0.46				726,018			0.62				618,240			0.64
Time deposits		556,395			1.94				574,658			1.99				692,616			2.45
Federal funds purchased and other short term borrowings		75,085			0.29				86,836			0.28				86,264			0.33
Other borrowings		103,610			2.80				103,610			2.65				118,745			2.71

Total Interest-Bearing Liabilities		1,590,792			1.09				1,649,364			1.17				1,668,956			1.50

Demand deposits (noninterest-bearing)		278,424							279,960							273,972
Other liabilities		11,439							10,971							12,243

Total Liabilities		1,880,655							1,940,295							1,955,171

Shareholders’ equity		182,202							180,093							187,057

	$	2,062,857						$	2,120,388						$	2,142,228

Interest expense as a % of earning assets					0.89	%						0.96	%						1.23	%
Net interest income as a % of earning assets					3.35							3.27							3.74

(1)

On a fully taxable equivalent basis. All yields and rates have been computed on an annualized basis using amortized cost. Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.

QUARTERLY TRENDS – LOANS AT END OF PERIOD (Dollars in Millions) (Unaudited)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES



		2008
		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr

Construction and Land Development
Residential:
Condominiums	>$4 million	$	30.6	$	26.3	$	19.6	$	8.6
	<$4 million		26.6		21.1		13.0		8.8

Town homes	>$4 million		19.4		17.1		17.1		—
	<$4 million		4.4		2.9		4.6		` 6.1

Single Family Residences	>$4 million		20.8		21.2		13.5		11.9
	<$4 million		35.9		28.3		23.7		14.9

Single Family Land & Lots	>$4 million		85.1		64.3		40.3		22.1
	<$4 million		27.0		30.8		29.9		30.7

Multifamily	>$4 million		7.8		7.8		7.8		7.8
	<$4 million		24.8		26.2		22.9		19.0


TOTAL	>$4 million		163.7		136.7		98.3		50.4
TOTAL	<$4 million		118.7		109.3		94.1		79.5
GRAND TOTAL		$	282.4	$	246.0	$	192.4	$	129.9

QUARTERLY TRENDS – LOANS AT END OF PERIOD (Dollars in Millions) (Unaudited) (continued
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES


		2009
		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr

Construction and Land Development
Residential:
Condominiums	>$4 million	$	8.4	$	7.9	$	5.3	$	—
	<$4 million		7.9		8.8		3.7		6.1

Town homes	>$4 million		—		—		—		—
	<$4 million		4.2		2.3		—		—

Single Family Residences	>$4 million		6.6		6.5		—		—
	<$4 million		13.9		10.3		7.1		4.1

Single Family Land & Lots	>$4 million		21.8		21.8		5.9		5.9
	<$4 million		29.6		21.5		19.5		16.6

Multifamily	>$4 million		7.8		7.8		6.6		6.6
	<$4 million		17.0		9.8		9.5		8.3


TOTAL	>$4 million		44.6		44.0		17.8		12.5
TOTAL	<$4 million		72.6		52.7		39.8		35.1
GRAND TOTAL		$	117.2	$	96.7	$	57.6	$	47.6


		2010						Nonperforming
Construction and Land Development		1st Qtr		2nd Qtr		3rd Qtr		3rd Qtr		Number

Residential:
Condominiums	>$4 million		—		—		—		—		—
	<$4 million	$	0.9	$	0.9	$	0.9	$	0.9		1

Town homes	>$4 million		—		—		—		—		—
	<$4 million		—		—		—		—		—

Single Family Residences	>$4 million		—		—		—		—		—
	<$4 million		3.9		3.6		3.8		0.3		4

Single Family Land & Lots	>$4 million		5.9		5.9		—		—		—
	<$4 million		15.7		9.6		10.3		3.5		11

Multifamily	>$4 million		6.6		4.3		—		—		—
	<$4 million		8.1		8.2		6.3		1.0		2


TOTAL	>$4 million		12.5		10.2		—		—		—
TOTAL	<$4 million		28.6		22.3		21.3		5.7		18
GRAND TOTAL		$	41.1	$	32.5	$	21.3	$	5.7		18


	2008
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr

Construction and land development
Residential
Condominiums	$	57.2	$	47.4	$	32.6	$	17.4
Townhomes		23.8		20.0		21.7		6.1
Single family residences		56.7		49.5		37.2		26.8
Single family land and lots		112.1		95.1		70.2		52.8
Multifamily		32.6		34.0		30.7		26.8

		282.4		246.0		192.4		129.9
Commercial
Office buildings		29.1		31.1		27.8		17.3
Retail trade		60.4		63.6		68.5		68.7
Land		92.5		75.4		73.9		73.3
Industrial		16.9		20.8		20.7		13.3
Healthcare		1.0		1.0		—		—
Churches and educational facilities		—		0.1		—		—
Lodging		—		—		—		—
Convenience stores		1.8		—		—		—
Marina		26.8		28.9		30.5		30.7
Other		11.3		6.3		5.4		6.0

		239.8		227.2		226.8		209.3
Individuals
Lot loans		39.4		40.0		38.4		35.7
Construction		32.4		27.1		27.4		20.3

		71.8		67.1		65.8		56.0

Total construction and land development		594.0		540.3		485.0		395.2
Real estate mortgages
Residential real estate
Adjustable		317.6		318.8		316.5		329.0
Fixed rate		89.1		90.2		93.4		95.5
Home equity mortgages		91.7		93.1		84.3		84.8
Home equity lines		56.3		59.4		59.7		58.5

		554.7		561.5		553.9		567.8
Commercial real estate
Office buildings		144.3		142.3		143.6		146.4
Retail trade		83.8		93.5		101.6		111.9
Land		—		—		0.6		—
Industrial		104.3		93.3		92.2		94.7
Healthcare		39.9		33.6		31.6		29.2
Churches and educational facilities		40.2		36.5		35.6		35.2
Recreation		2.8		1.8		1.8		1.7
Multifamily		20.0		19.1		19.2		27.2
Mobile home parks		3.2		3.1		3.1		3.0
Lodging		27.9		28.0		26.7		26.6
Restaurant		8.0		9.0		8.6		6.2
Agricultural		12.4		9.0		8.7		8.5
Convenience stores		23.1		24.9		23.6		23.5
Other		40.1		41.6		42.5		43.6

		550.0		535.7		539.4		557.7

Total real estate mortgages		1,104.7		1,097.2		1,093.3		1,125.5
Commercial & financial		93.9		94.8		88.5		82.8
Installment loans to individuals
Automobile and trucks		24.1		23.0		21.9		20.8
Marine loans		33.3		25.2		26.0		26.0
Other		27.5		27.9		27.4		26.1

		84.9		76.1		75.3		72.9
Other		0.5		0.4		0.5		0.3

	$	1,878.0	$	1,808.8	$	1,742.6	$	1,676.7


	2009
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr

Construction and land development
Residential
Condominiums	$	16.3	$	16.7	$	9.0	$	6.1
Townhomes		4.2		2.3		—		—
Single family residences		20.5		16.8		7.1		4.1
Single family land and lots		51.4		43.3		25.4		22.5
Multifamily		24.8		17.6		16.1		14.9

		117.2		96.7		57.6		47.6
Commercial
Office buildings		17.4		13.8		13.8		13.9
Retail trade		70.0		55.9		23.0		3.9
Land		60.9		51.2		50.8		45.6
Industrial		9.0		8.5		8.2		2.5
Healthcare		5.7		6.0		4.8		4.8
Churches and educational facilities		—		—		—		—
Lodging		0.6		—		—		—
Convenience stores		—		—		—		—
Marina		31.6		30.0		28.1		6.8
Other		6.2		1.4		—		—

		201.4		166.8		128.7		77.5
Individuals
Lot loans		34.0		32.4		30.7		29.3
Construction		16.2		11.8		11.1		8.5

		50.2		44.2		41.8		37.8

Total construction and land development		368.8		307.7		228.1		162.9
Real estate mortgages
Residential real estate
Adjustable		333.1		328.0		325.9		289.4
Fixed rate		90.8		90.6		89.5		88.6
Home equity mortgages		85.5		83.8		83.9		86.8
Home equity lines		60.3		60.1		59.7		60.1

		569.7		562.5		559.0		524.9
Commercial real estate
Office buildings		140.6		141.6		144.2		132.3
Retail trade		109.1		120.0		151.4		164.6
Land		—		—		—		—
Industrial		95.3		93.0		89.3		88.4
Healthcare		28.3		30.9		25.4		24.7
Churches and educational facilities		34.8		34.6		30.8		29.6
Recreation		1.7		1.4		3.3		3.0
Multifamily		27.2		31.7		35.1		29.7
Mobile home parks		3.0		5.6		5.6		5.4
Lodging		26.3		26.3		25.6		25.5
Restaurant		6.1		5.1		5.0		4.7
Agricultural		8.2		11.8		12.0		11.7
Convenience stores		23.3		23.2		22.8		22.1
Other		43.0		47.6		34.0		42.4

		546.9		572.8		584.5		584.1

Total real estate mortgages		1,116.6		1,135.3		1,143.5		1,109.0
Commercial & financial		75.5		71.8		66.0		61.1
Installment loans to individuals
Automobile and trucks		19.4		18.0		16.6		15.3
Marine loans		26.3		26.9		26.8		26.4
Other		25.7		24.3		23.3		22.3

		71.4		69.2		66.7		64.0
Other		0.3		0.3		0.3		0.5

	$	1,632.6	$	1,584.3	$	1,504.6	$	1,397.5


	2010
	1st Qtr		2nd Qtr		3rd Qtr

Construction and land development
Residential
Condominiums	$	0.9	$	0.9	$	0.9
Townhomes		—		—		—
Single family residences		3.9		3.6		3.8
Single family land and lots		21.6		15.5		10.3
Multifamily		14.7		12.5		6.3

		41.1		32.5		21.3
Commercial
Office buildings		13.7		—		—
Retail trade		3.9		—		—
Land		45.7		38.5		35.1
Industrial		2.5		0.3		0.3
Healthcare		—		—		—
Churches and educational facilities		—		—		—
Lodging		—		—		—
Convenience stores		—		—		—
Marina		6.8		—		—
Other		—		—		—

		72.6		38.8		35.4
Individuals
Lot loans		28.9		27.4		26.3
Construction		8.7		8.2		9.1

		37.6		35.6		35.4

Total construction and land development		151.3		106.9		92.1
Real estate mortgages
Residential real estate
Adjustable		290.5		295.9		300.9
Fixed rate		87.6		86.0		84.1
Home equity mortgages		89.1		79.0		74.4
Home equity lines		60.1		58.8		58.4

		527.3		519.7		517.8
Commercial real estate
Office buildings		131.1		128.2		122.9
Retail trade		163.5		155.9		152.0
Land		—		—		—
Industrial		81.7		84.0		79.8
Healthcare		29.1		29.4		29.0
Churches and educational facilities		29.1		28.5		29.4
Recreation		3.0		3.0		2.9
Multifamily		25.3		23.6		23.2
Mobile home parks		5.3		2.6		2.6
Lodging		23.5		23.4		22.1
Restaurant		4.7		4.6		4.5
Agricultural		11.4		10.8		10.7
Convenience stores		22.3		21.0		18.9
Other		41.0		47.8		48.9

		571.0		562.8		546.9

Total real estate mortgages		1,098.3		1,082.5		1,064.7
Commercial & financial		62.1		49.9		54.0
Installment loans to individuals
Automobile and trucks		14.4		12.9		11.6
Marine loans		25.3		27.3		19.7
Other		21.7		20.8		20.9

		61.4		61.0		52.2
Other		0.2		0.3		0.3

	$	1,373.3	$	1,300.6	$	1,263.3


	2008
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr

Construction and land development
Residential
Condominiums	$	(3.0	)	$	(9.8	)	$	(14.8	)	$	(15.2	)
Townhomes		(1.2	)		(3.8	)		1.7			(15.6	)
Single family residences		(2.3	)		(7.2	)		(12.3	)		(10.4	)
Single family land and lots		(4.3	)		(17.0	)		(24.9	)		(17.4	)
Multifamily		(1.9	)		1.4			(3.3	)		(3.9	)

		(12.7	)		(36.4	)		(53.6	)		(62.5	)
Commercial
Office buildings		(1.8	)		2.0			(3.3	)		(10.5	)
Retail trade		(8.6	)		3.2			4.9			0.2
Land		9.9			(17.1	)		(1.5	)		(0.6	)
Industrial		3.9			3.9			(0.1	)		(7.4	)
Healthcare		—			—			(1.0	)		—
Churches and educational facilities		—			0.1			(0.1	)		—
Lodging		(11.2	)		—			—			—
Convenience stores		0.1			(1.8	)		—			—
Marina		3.7			2.1			1.6			0.2
Other		1.4			(5.0	)		(0.9	)		0.6

		(2.6	)		(12.6	)		(0.4	)		(17.5	)
Individuals
Lot loans		—			0.6			(1.6	)		(2.7	)
Construction		(0.3	)		(5.3	)		0.3			(7.1	)

		(0.3	)		(4.7	)		(1.3	)		(9.8	)

Total construction and land development		(15.6	)		(53.7	)		(55.3	)		(89.8	)
Real estate mortgages
Residential real estate
Adjustable		(1.9	)		1.2			(2.3	)		12.5
Fixed rate		1.6			1.1			3.2			2.1
Home equity mortgages		0.3			1.4			(8.8	)		0.5
Home equity lines		(2.8	)		3.1			0.3			(1.2	)

		(2.8	)		6.8			(7.6	)		13.9
Commercial real estate
Office buildings		12.6			(2.0	)		1.3			2.8
Retail trade		7.6			9.7			8.1			10.3
Land		(5.3	)		—			0.6			(0.6	)
Industrial		(1.2	)		(11.0	)		(1.1	)		2.5
Healthcare		7.5			(6.3	)		(2.0	)		(2.4	)
Churches and educational facilities		—			(3.7	)		(0.9	)		(0.4	)
Recreation		(0.2	)		(1.0	)		—			(0.1	)
Multifamily		6.2			(0.9	)		0.1			8.0
Mobile home parks		(0.7	)		(0.1	)		—			(0.1	)
Lodging		5.2			0.1			(1.3	)		(0.1	)
Restaurant		(0.2	)		1.0			(0.4	)		(2.4	)
Agricultural		(0.5	)		(3.4	)		(0.3	)		(0.2	)
Convenience stores		(0.1	)		1.8			(1.3	)		(0.1	)
Other		1.8			1.5			0.9			1.1

		32.7			(14.3	)		3.7			18.3

Total real estate mortgages		29.9			(7.5	)		(3.9	)		32.2
Commercial & financial		(32.8	)		0.9			(6.3	)		(5.7	)
Installment loans to individuals
Automobile and trucks		(0.9	)		(1.1	)		(1.1	)		(1.1	)
Marine loans		0.1			(8.1	)		0.8			—
Other		(0.7	)		0.4			(0.5	)		(1.3	)

		(1.5	)		(8.8	)		(0.8	)		(2.4	)
Other		(0.4	)		(0.1	)		0.1			(0.2	)

	$	(20.4	)	$	(69.2	)	$	(66.2	)	$	(65.9	)


	2009
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr

Construction and land development
Residential
Condominiums	$	(1.1	)	$	0.4		$	(7.7	)	$	(2.9	)
Townhomes		(1.9	)		(1.9	)		(2.3	)		—
Single family residences		(6.3	)		(3.7	)		(9.7	)		(3.0	)
Single family land and lots		(1.4	)		(8.1	)		(17.9	)		(2.9	)
Multifamily		(2.0	)		(7.2	)		(1.5	)		(1.2	)

		(12.7	)		(20.5	)		(39.1	)		(10.0	)
Commercial
Office buildings		0.1			(3.6	)		—			0.1
Retail trade		1.3			(14.1	)		(32.9	)		(19.1	)
Land		(12.4	)		(9.7	)		(0.4	)		(5.2	)
Industrial		(4.3	)		(0.5	)		(0.3	)		(5.7	)
Healthcare		5.7			0.3			(1.2	)		—
Churches and educational
facilities		—			—			—			—
Lodging		0.6			(0.6	)		—			—
Convenience stores		—			—			—			—
Marina		0.9			(1.6	)		(1.9	)		(21.3	)
Other		0.2			(4.8	)		(1.4	)		—

		(7.9	)		(34.6	)		(38.1	)		(51.2	)
Individuals
Lot loans		(1.7	)		(1.6	)		(1.7	)		(1.4	)
Construction		(4.1	)		(4.4	)		(0.7	)		(2.6	)

		(5.8	)		(6.0	)		(2.4	)		(4.0	)
Total construction and land
development		(26.4	)		(61.1	)		(79.6	)		(65.2	)
Real estate mortgages
Residential real estate
Adjustable		4.1			(5.1	)		(2.1	)		(36.5	)
Fixed rate		(4.7	)		(0.2	)		(1.1	)		(0.9	)
Home equity mortgages		0.7			(1.7	)		0.1			2.9
Home equity lines		1.8			(0.2	)		(0.4	)		0.4

		1.9			(7.2	)		(3.5	)		(34.1	)
Commercial real estate
Office buildings		(5.8	)		1.0			2.6			(11.9	)
Retail trade		(2.8	)		10.9			31.4			13.2
Land		—			—			—			—
Industrial		0.6			(2.3	)		(3.7	)		(0.9	)
Healthcare		(0.9	)		2.6			(5.5	)		(0.7	)
Churches and educational
facilities		(0.4	)		(0.2	)		(3.8	)		(1.2	)
Recreation		—			(0.3	)		1.9			(0.3	)
Multifamily		—			4.5			3.4			(5.4	)
Mobile home parks		—			2.6			—			(0.2	)
Lodging		(0.3	)		—			(0.7	)		(0.1	)
Restaurant		(0.1	)		(1.0	)		(0.1	)		(0.3	)
Agricultural		(0.3	)		3.6			0.2			(0.3	)
Convenience stores		(0.2	)		(0.1	)		(0.4	)		(0.7	)
Other		(0.6	)		4.6			(13.6	)		8.4

		(10.8	)		25.9			11.7			(0.4	)

Total real estate mortgages		(8.9	)		18.7			8.2			(34.5	)
Commercial & financial		(7.3	)		(3.7	)		(5.8	)		(4.9	)
Installment loans to individuals
Automobile and trucks		(1.4	)		(1.4	)		(1.4	)		(1.3	)
Marine loans		0.3			0.6			(0.1	)		(0.4	)
Other		(0.4	)		(1.4	)		(1.0	)		(1.0	)

		(1.5	)		(2.2	)		(2.5	)		(2.7	)
Other		—			—			—			0.2

	$	(44.1	)	$	(48.3	)	$	(79.7	)	$	(107.1	)


	2010
	1st Qtr			2nd Qtr			3rd Qtr

Construction and land development
Residential
Condominiums	$	(5.2	)	$	—		$	—
Townhomes		—			—			—
Single family residences		(0.2	)		(0.3	)		0.2
Single family land and lots		(0.9	)		(6.1	)		(5.2	)
Multifamily		(0.2	)		(2.2	)		(6.2	)

		(6.5	)		(8.6	)		(11.2	)
Commercial
Office buildings		(0.2	)		(13.7	)		—
Retail trade		—			(3.9	)		—
Land		0.1			(7.2	)		(3.4	)
Industrial		—			(2.2	)		—
Healthcare		(4.8	)		—			—
Churches and educational
facilities		—			—			—
Lodging		—			—			—
Convenience stores		—			—			—
Marina		—			(6.8	)		—
Other		—			—			—

		(4.9	)		(33.8	)		(3.4	)
Individuals
Lot loans		(0.4	)		(1.5	)		(1.1	)
Construction		0.2			(0.5	)		0.9

		(0.2	)		(2.0	)		(0.2	)
Total construction and land
development		(11.6	)		(44.4	)		(14.8	)
Real estate mortgages
Residential real estate
Adjustable		1.1			5.4			5.0
Fixed rate		(1.0	)		(1.6	)		(1.9	)
Home equity mortgages		2.3			(10.1	)		(4.6	)
Home equity lines		—			(1.3	)		(0.4	)

		2.4			(7.6	)		(1.9	)
Commercial real estate
Office buildings		(1.2	)		(2.9	)		(5.3	)
Retail trade		(1.1	)		(7.6	)		(3.9	)
Land		—			—			—
Industrial		(6.7	)		2.3			(4.2	)
Healthcare		4.4			0.3			(0.4	)
Churches and educational
facilities		(0.5	)		(0.6	)		0.9
Recreation		—			—			(0.1	)
Multifamily		(4.4	)		(1.7	)		(0.4	)
Mobile home parks		(0.1	)		(2.7	)		—
Lodging		(2.0	)		(0.1	)		(1.3	)
Restaurant		—			(0.1	)		(0.1	)
Agricultural		(0.3	)		(0.6	)		(0.1	)
Convenience stores		0.2			(1.3	)		(2.1	)
Other		(1.4	)		6.8			1.1

		(13.1	)		(8.2	)		(15.9	)

Total real estate mortgages		(10.7	)		(15.8	)		(17.8	)
Commercial & financial		1.0			(12.2	)		4.1
Installment loans to individuals
Automobile and trucks		(0.9	)		(1.5	)		(1.3	)
Marine loans		(1.1	)		2.0			(7.6	)
Other		(0.6	)		(0.9	)		0.1

		(2.6	)		(0.4	)		(8.8	)
Other		(0.3	)		0.1			—

	$	(24.2	)	$	(72.7	)	$	(37.3	)


	September 30,		December 31,		September 30,
SECURITIES	2010		2009		2009
U.S. Treasury and U.S. Government Agencies	$	4,226	$	3,688	$	1,198
Mortgage-backed		417,914		384,864		336,168
Obligations of states and political subdivisions		1,756		2,063		2,102
Other securities		3,035		3,033		3,274
Total Securities Available for Sale		426,931		393,648		342,742
Mortgage-backed		20,752		12,853		14,589
Obligations of states and political subdivisions		2,748		4,234		4,707

Total Securities Held for Investment		23,500		17,087		19,296

Total Securities	$	450,431	$	410,735	$	362,038



	September 30,		December 31,		September 30,
LOANS	2010		2009		2009
Construction and land development	$	92,149	$	162,868	$	228,111
Real estate mortgage		1,064,739		1,109,077		1,143,476
Installment loans to individuals		52,192		64,024		66,739
Commercial and financial		53,982		61,058		65,954
Other loans		284		476		286

Total Loans	$	1,263,346	$	1,397,503	$	1,504,566


FINANCIAL HIGHLIGHTS		(Unaudited)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES


QUARTERLY TRENDS – INCREASE (DECREASE) IN LOANS BY QUARTER (Unaudited)
(Dollars in Millions)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES