730708--3/10/2009--SEACOAST_BANKING_CORP_OF

related topics

{condition, economic, financial}

{stock, price, share}

{capital, credit, financial}

{competitive, industry, competition}

{loan, real, estate}

{acquisition, growth, future}

{loss, insurance, financial}

{regulation, government, change}

{product, market, service}

{provision, law, control}

{control, financial, internal}

{operation, natural, condition}

{financial, litigation, operation}

Difficult market conditions have adversely affected our industry and us. Nonperforming asset take significant time and adversely affect our results of operations and financial condition. Our allowance for loan losses may prove inadequate or we may be negatively affected by credit risk exposures Higher cost of insuring our deposits. Current levels of market volatility are unprecedented. Liquidity risks could affect operations and jeopardize our financial condition. The soundness of other financial institutions could adversely affect us. We could encounter difficulties as a result of our growth. We are required to maintain capital to meet regulatory requirements, and if we fail to maintain sufficient capital, because we are unable to raise additional capital or otherwise, our financial condition, liquidity and results of operations would be adversely affected. Sales of additional capital could dilute existing shareholders. Weaknesses in the real estate markets, including the secondary market for residential mortgage loans have adversely affected us and may continue to adversely affect us. Our real estate portfolios are exposed to weakness in the Florida housing market and the overall state of the economy. Our cost of funds may increase as a result of general economic conditions, FDIC insurance assessments, interest rates and competitive pressures. Our profitability and liquidity may be affected by changes in interest rates and economic conditions. Because of our participation in the Treasury s CPP, we are subject to several restrictions, including restrictions on our ability to declare or pay dividends and repurchase our shares as well as restrictions on our executive compensation. Holders of the Series A Preferred Stock have certain voting rights that may adversely affect our common shareholders, and the holders of shares of our Series A Preferred Stock may have different interests from, and vote their shares in a manner deemed adversely to our common shareholders. The TARP CPP and the ARRA impose certain executive compensation and corporate governance requirements that may adversely affect us and our business. TARP lending goals may not be attainable. Changes in future rules applicable to banks generally or to TARP recipients could adversely affect our operation and our financial condition. Our future success is dependent on our ability to compete effectively in highly competitive markets. We operate in a heavily regulated environment. We are subject to internal control reporting requirements that increase compliance costs and failure to comply timely could adversely affect our reputation and the value of our securities. Technological changes affect our business, and we may have fewer resources than many competitors to invest in technological improvements. The anti-takeover provisions in our articles of incorporation and under Florida law may make it more difficult for takeover attempts that have not been approved by our board of directors. Hurricanes or other adverse weather events would negatively affect our local economies or disrupt our operations, which would have an adverse effect on our business or results of operations. Attractive acquisition opportunities may not be available to us in the future.

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730708--3/10/2009--SEACOAST_BANKING_CORP_OF_FLORIDA