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T H R E E S H O R E S B A N C O R P O R A T I O N

A N N U A L R E P O R T T H R E E S H O R E S B A N C O R P O R A T I O N

Seaside Annual Report 2014 | 54 | Seaside Annual Report 2014

Founded in 2006, Seaside National Bank & Trust is a

nationally-chartered commercial bank headquartered

in Orlando, Florida. With thirteen full-service offices

and one loan production office located in North Florida,

Central Florida, West Florida, South Florida and Greater

Miami, the bank currently has combined assets in

excess of $1.6 billion in on and off balance sheet assets.

Seaside offers its clients a complete array of wealth

management, insurance, commercial and private

banking financial solutions.

Welcome

Boca Raton

Coral Gables

Fort Lauderdale

Jacksonville (Loan Production)

Lake Mary

Palm Beach

Palm Beach Gardens

Ponte Vedra Beach

Sarasota

Seaside Plaza — Downtown Orlando

Stuart

Tampa

Windermere

Winter Park


We honor integrity and ethical behavior.

Seaside Annual Report 2014 | 9

we are always available to answer your specific, in-depth financial questions. However, the majority of this annual report contains client profiles. We take great pride in serving as a trusted advisor to these outstanding individuals and businesses. While we showcase only a few clients in this report, they are representative of thousands of others we have the privilege of serving. I hope you will enjoy reviewing this report and are as excited about being part of this great company as all of us at Seaside.

Sincerely,

Gideon T. Haymaker Founder and Chief Executive Officer

“In eight years, we have grown organically to $1.6 billion, taking into account both on and off balance sheet assets, one client relationship at a time.”

— GIDEON T. HAYMAKER

Gideon T. Haymaker

Dear Clients and Shareholders,2014 marks only our eighth year of operation, but we are mature beyond our years in business. In some ways, the past eight years seem like the blink of an eye and in others a lifetime.

Our company began during the start of the worst recession of our generation. This “trial by fire” in many ways made us better, faster than we might otherwise have been. Very early in our business life cycle, we were forced to embrace enterprise risk management in ways much different from the accepted norm. We found a new appreciation for the cost and availability of capital as credit markets all but froze. The entire financial services regulatory framework changed and the bank charter machine, which had churned out so many cookie-cutter “bank in a box” business plans, ceased to exist almost overnight. In short, things changed and stuff happened — quite abruptly.

All of this sudden change, along with extreme economic distress within our markets, forced us to grow-up quickly. During a short period of time we evolved from start-up, to mid-tier community bank, to emerging regional bank, to a top decile U.S. bank, as measured by asset size. In eight years, we have grown organically to $1.6 billion, taking into account both on and off balance sheet assets, one client relationship at a time. This growth is possible because of you and your support, along with our Seaside professionals who continuously work to improve our company and the communities we serve.

From inception, our basic business plan has not changed: offer a broad, sophisticated product and knowledge set that rivals the largest financial firms, but deliver service in a very holistic and personal way. This product and knowledge set includes banking, hedging and insuring and comprehensive wealth management capability. We deliver product-neutral advice, based upon a thorough understanding of your needs, with a compassionate sense of urgency. The combination of conflict free product delivery, a single point of contact for all of your financial needs via a dedicated, deeply experienced advisor, and a fully integrated and customized financial approach for each client is unique in the industry.

We only operate in financially attractive urban markets with excellent growth and wealth characteristics as we focus on corporate, commercial, professional and high net worth individuals. We are not a retail community bank. In order for us to deliver our unique value proposition, we only employ deeply experienced advisors and subject matter experts. Experience, along with a differentiated operating model and unique culture of rewarding results over activity, enables us to attract and retain incredible talent, which in turn attracts high caliber clients. A strong culture is required to execute our unique operating model that delivers the kind of client experience in which we differentiate ourselves from line of business driven companies.

Today, we operate in 14 markets, within six Metropolitan Statistical Area (MSA’s), in the State of Florida. We are not constrained to Florida based MSA’s only, it is simply where we have chosen to begin. We remain opportunistic in our approach and are actively seeking further transformational opportunities. As you review our financial results you will see that we continue to compound our growth at very attractive rates, which are at multiples that exceed peer bank growth. This coupled with industry leading credit quality and financial strength positions us well as we begin a new year. First and foremost, our goal is to operate a sound, stable and secure financial institution that our clients expect, followed by achieving exceptional results that all of our constituencies deserve.

I am excited to shift the focus of our annual report to reflect more upon the reasons for our success and less on our internal workings over the past twelve months. You will still see our high level financial results and

LET TER FROM THE CEO

8 | Letter from the CEO

The most important question we ask a client is “How do you want your money to serve your aspirations and support your obligations?”

— PHILIP RICH


Theory and PracticeI have the privilege of assisting in the teaching of a course on investing at Rollins College’s Crummer Graduate School of Business. The classical and modern theories of portfolio management are covered, as are the insights they provide into the investment process. However it is striking the extent to which those theories must be qualified by observations that are at odds with the conclusions they would invite us to reach. Every Nobel Prize seems to come with a footnote.

The Capital Asset Pricing Model produced a small passel of Nobels. It attempts to formalize the intuitive insight that higher returns should be required of investments that involve greater risk. Its great limitation is that it defines risk as beta: the measure of an investment’s price volatility relative to that of the market. The advantage of beta is that is easy to quantify using historical data. Its primary drawback is that it is not a very good predictor of the probability of losing one’s shirt. A volatile stock that is down in price may be a screaming buy. On the other hand it may be on its way to an even lower price. Beta does not incorporate any fundamental information about the health of a company or the competitiveness of its business practices.

Mean-variance Optimization supports the very practical conclusion that combinations of assets that behave differently can reduce overall risk in a portfolio. However the actual output of an unconstrained optimizer is typically counter-intuitive and not very useful. Optimizers will often produce the simplest combination of assets that will maximize return for an acceptable level of risk. However, a portfolio consisting of only two asset classes is hardly diversified, which was the objective in the first place. Constraints can be applied to avoid the problem of concentration, but at that point we are telling the system what we want the answer to be and it always obliges by giving us that answer.

The Efficient Market Hypothesis asserts that all information relevant to a stock’s valuation is incorporated in its price. As a result, it should not be possible to consistently outperform the market based on equity analysis – the information analyzed is already in the price. Of course, the hypothesis has difficulty explaining asset bubbles, one of which is a recent unpleasant memory.

Of value investing, Warren Buffet said “…it may be all right in practice, but it will never work in theory.” At times in academia it seems we spend as much time understanding the limitations of these theories as we do with the theories themselves. Are they useless? No. They are attempts to logically connect observations about the behavior of securities and markets. Each of them codifies some basic principal of investing. Markets are a reflection of our collective, global, economic behavior. Any effort to connect the data with rigorous logic will probably come up against limitations, especially when faced with a fundamental shift in how work gets done.

The most important question we ask a client is “How do you want your money to serve your aspirations and support your obligations?” The greatest compliment we can receive is “This portfolio is doing what we set out to do.” Between these two is a process of client discovery and portfolio construction that puts theory to practice. Keeping the client at the center of that process without favor to any other party helps us strike the right balance.

Sincerely,

Philip Rich Chief Market Strategist

LET TER FROM THE CHIEF MARKET STRATEGIST

10 | Letter from the Chief Market StrategistPhilip Rich


We are building shareholder value.


FINANCIAL HIGHLIGHTS

TOTA L A SSETS

Dollars in Millions

2013–2014Annual

PercentageIncrease

+14%

2008200920102011201220132014 $1,080

$367

TOTA L LOA NS

Dollars in Millions

+19%

2008200920102011201220132014 $814

$187

TOTA L DEPOSI TS

Dollars in Millions

+9%

2008200920102011201220132014 $887

$265

TOTA L AUM

Dollars in Millions

+24%

2008200920102011201220132014 $494

$97

2013–2014Annual

PercentageIncrease

2013–2014Annual

PercentageIncrease

2013–2014Annual

PercentageIncrease

14 | Financial Highlights


We are client focused and provide innovative solutions.

E AGL E M A N U FAC T U R I NG GROU PManufacturing

36W E A LT H M A NAGEM EN T

Steve Brooks38

PS27 V EN T U R E S Entrepreneur

40CONSOL I DAT ED M E TA L S

Business Owners42

G OODW I L L I N DUST R I E S OF M A NA SOTA

Non Profit44PA L M C I T Y M I L LWOR K

Manufacturing46

GEN ER AT IONA L A SSE T M A NAGEM EN T

Bailes Family48


P A R K W A Y P R O P E R T I E SCorporate Banking

20U N I V ER S A L ENGI N EER I NG SC I ENC E S

Engineering22

AT E X DIST R I BU T I NGWholesale Distribution

24

H A BI TAT FOR H U M A N I T Y OF GR E AT ER OR L A N DO

Non Profit26

M A RC-M IC H A EL S I N T ER IOR S Interior Design

28C ROSS, F ER NA N DE Z & R I L E Y

Accounting30

SOC I US FA M I LY OF F IC E Financial Services

32C L I EN T L EGA L F U N DI NG

Legal Services34

CLIENT LIST

18 | Client List

Parkway Properties

“By definition a community bank is about relationships. My experience with Seaside is that they maintain those relationships through both good times and bad times. Seaside continued to lend to me during the great recession of 2008, which resulted in an expanded, mutually-beneficial relationship.”

OUR FOCUS IS ON YOU

J I M H E I S T A N DPresident and Chief Executive Officer


A NYSE-listed real estate investment trust, Parkway Properties owns and operates high quality office properties primarily in high-growth markets in the Sunbelt. As of October 1, 2014, Parkway owns or has an interest in, 52 office properties located in

eight states with approximately 18.5 million square feet of leasable. They also manage and/or lease approximately 10.6 million square feet for third-party owners. pky.com

20 | Parkway Properties

Universal Engineering Sciences is a family-owned and operated consulting engineering firm specializing in geotechnical engineering, hydrologic/geophysical, environmental sciences, construction materials testing, and threshold inspection. They employ over 450+ employees and have 17 offices strategically located throughout

Florida and Georgia, which provide services throughout the southeastern United States.

Universal completed the geotechnical engineering and threshold inspection for the Dr. Phillips Center for the Performing Arts. universalengineering.com


Universal Engineering Sciences, Inc.

“Seaside looks at us like people, not just accounts. They take into consideration more than what an out-of-state underwriter tells them to do. They consider the real-world aspects of business and actively look for ways to help us. Life is a two way street — the better we do, the better they do. Seaside just gets it.”

OUR FOCUS IS ON YOU

S E Y M O R E I S R A E LChairman and Chief Executive Officer

M A R K I S R A E L . P. E .President

22 | Universal Engineering Sciences, Inc.

ATEX Distributing is a family-owned and operated wholesale air conditioning equipment and supply company. Since 1976, ATEX has been the distributor of choice to the commercial modular building industry. ATEX is committed to providing any equipment necessary to satisfy the specific needs

of their customers. The majority of manufacturers today are high volume and production minded. ATEX fills the gap left by mass production by providing specialty modifications to existing units per factory specifications. atexac.com


ATEX Distributing

“Seaside has a complement of old fashioned, business and personal banking aligned with the technology that allows us to run our small business without additional complication. When we need something done, it’s done. We know our team at Seaside and they know us. At ATEX we pride ourselves on the ‘excellence in service and product’ we provide our customers. Seaside provides that to our company and for that we are thankful.”

OUR FOCUS IS ON YOU

K R I S T E N B A R T C H K N I G H TPresident and Owner

G R E G D U G G A NGeneral Manager

24 | ATEX Distributing

Habitat for Humanity of Greater Orlando

“The folks at Seaside go out of their way to understand our organization. They make banking one part of our business we don’t have to worry about. It just works!”

OUR FOCUS IS ON YOU

G R E G A L L E NChief Operating Officer

D I A N E D i F E B B OPresident, Board of Directors


Habitat for Humanity of Greater Orlando is part of a global, nonprofit housing organization whose vision is a world where everyone has a decent place to live. Habitat for Humanity of Greater Orlando is dedicated to eliminating substandard housing locally and worldwide through constructing, rehabilitating

and preserving homes; by advocating for fair and just housing policies; and by providing training and access to resources to help families improve their shelter conditions. habitat-orlando.org

26 | Habitat for Humanity of Greater Orlando


Marc-Michaels Interior Design, Inc. is recognized worldwide as a full-service interior design firm specializing in comprehensive interior detailing and space planning. The firm’s diverse and imaginative portfolio has been featured in numerous publications, and has garnered over 400 national and regional design awards. Architectural Digest

has twice named Marc-Michaels to their prestigious list of the “Top 100 Designers in the World,” and has featured the firm’s work in numerous issues. Interior Design Magazine has consistently ranked Marc-Michaels as one of the largest interior design firms in the nation in their Design Giants Survey. marc-michaels.com

28 | Marc-Michaels Interior Design, Inc.

Marc-Michaels Interior Design, Inc.

“We started banking with Seaside when our larger bank didn’t respond to our financial needs in a time-ly fashion. We met with our Seaside Client Advisor and she immediately understood our needs and wanted to assist us with our continued growth and success.”

OUR FOCUS IS ON YOU

M I C H A E L A B B O T TCo-Founder and Chief Executive Officer

M A R C T H E ECo-Founder and Design Principal

Cross, Fernandez & Riley

“Cross, Fernandez & Riley, LLP (C/F/R) has worked with Seaside for many years. We have had the privilege of working with the same great team for our entire relationship, who have been extremely responsive to our needs and requests and have truly been advocates for our firm. Seaside understands our business and has been helpful in making our growth possible, providing liquidity for expansion opportunities.”

OUR FOCUS IS ON YOU

J A M E S C R O S SManaging Partner

K E V I N R I L E YPartner

M E L A N I E F E R N A N D E ZChief Operating Officer


Cross, Fernandez & Riley, LLP (C/F/R) is one of the largest locally-owned public accounting firms in Central Florida, providing service along the I-4 corridor with offices in Orlando, Lakeland, Winter Haven and Tampa. Comprised of a diverse group of seasoned accounting professionals, C/F/R has roots in the Central Florida business community since

1963. They take a progressive approach to traditional services including accounting, auditing, tax planning and compliance and offer additional services in forensic accounting and litigation support, emerging business, international planning and specialized tax credits, deductions and incentives. cfrcpa.com

30 | Cross, Fernandez & Riley


Socius Family Office is a full-service investment advisory and wealth management firm with a nationwide presence. They help their clients achieve their financial objectives through a comprehensive review of their investment needs and by providing

them with a wide range of investment products, portfolios, and services to help them prepare for their financial future. sociusfamilyoffice.com

32 | Socius Family Office

Socius Family Office

“Traditional banking has become a commodity. The differentiators today are the level and scope of services and the professionals who provide them. Seaside embraces this idea and our clients have been the beneficiaries.”

OUR FOCUS IS ON YOU

M A R K B A N I E W I C ZPresident

Client Legal Funding

“Seaside took the time to completely understand our business. It’s like hav-ing a trusted business partner. Their guidance and expertise has been in-valuable over the years.”

OUR FOCUS IS ON YOU

J A N E T T E B E J K O V A- C A R E YPresident

T H O M A S W. C A R E YChief Financial Officer


Client Legal Funding is a national funding company located in the heart of Tampa Bay. Their primary office can be found in Clearwater, Florida where they provide millions of dollars of litigation funding for

plaintiffs and attorneys. In addition to pre- and post-settlement litigation funding, Client Legal Funding also offers a full suite of attorney-funding services. clientlegalfunding.com

34 | Client Legal Funding

Eagle Manufacturing Group

“Our bankers at Seaside go out of their way to understand our organization. They look at our business metrics as other banks do, but they are different in that they look deeper. Seaside tries to understand every aspect of our business from the culture, intrinsic value, management and operating perspectives. We have a true partner in Seaside and we benefit because we are more than a set of numbers to them.”

OUR FOCUS IS ON YOU


A L E X L . D e B O G O R Y President & Chief Executive Officer

A L E X D e B O G O R Y J r . Chairman of the Board

36 | Eagle Manufacturing Group

Eagle Manufacturing Group, formerly known as US Holdings, Inc., is the parent company of three industry-leading manufacturing subsidiaries — US Foundry and Manufacturing Corp., USF Fabrication and Eagle Metal Processing & Recycling.

With hundreds of employees across the country, the Eagle Manufacturing Group family of companies services customers across a broad range of industries with a primary focus on municipal construction products through its expertly trained employees. eaglemanufacturinggroup.com


Mr. Brooks is an accomplished entrepreneur and philanthropist who founded and operates Phoenix American Insurance Group, a large, national vehicle service contract company headquartered in Miami, Florida. He, his family and his business are comprehensive clients who utilize Seaside for their private and commercial banking and wealth

management needs. The Wounded Warrior Project and Duke University are a few of the beneficiaries of the Brooks family’s generosity. Mr. Brooks seeks Seaside’s counsel and advice on numerous financial matters, including working in concert with his legal and accounting advisors to assist in generational wealth planning.

38 | Steve Brooks

Steve Brooks

“I chose Seaside for my personal and corporate financial needs over many competing banks, because of their experienced leadership in commercial and private banking. As our relationship with Seaside has grown, we now have the opportunity to work with many fine Seaside bankers who help us manage our business investments. We are pleased to be in partnership with Seaside and look forward to continuing to expand our relationship.”

OUR FOCUS IS ON YOU

S T E V E B R O O K SPresident and Chief Executive Officer, Phoenix American Companies


PS27 Ventures

“Most of our work with Seaside is as early stage startup ventures. Seaside has treated me, and all of our firms, as if we were their largest customer. No matter how small the issue or time of day, we can always get their best ad-vice across the full range of services. We feel like we’re banking with our strongest advocate, and not just some building in New York.”

OUR FOCUS IS ON YOU

J I M S T A L L I N G SEntrepreneur SmartBox Chairman, Lead Investor

40 | PS27 Ventures

PS27 Ventures is a Florida-based boutique investment and consulting firm that focuses on healthy living and wellness solutions. They work with the founders and inventors of new ideas and breakthrough products and help bring their ideas to market. One of the PS27 start-ups is SmartBox, a

specialty wellness company committed to providing healthy snack and beverage alternatives. With access to over 1,000 natural and organic options, SmartBox makes quality products affordable and available anytime, anywhere. PS27ventures.com


Consolidated Metals, Inc. (CMI) is a privately-owned domestic steel tubing brokerage company that supplies steel tubing to manufacturers throughout the United States. The Jansen’s have been in the steel business for over 50 years beginning in their

early days in Germany. They intended to retire in Jacksonville, but instead formed CMI where they have established many relationships with suppliers and customers throughout the U.S. and Canada.

42 | Consolidated Metals, Inc.

Consolidated Metals, Inc.

“Seaside is our financial partner. We appreciate the quick response time, ease of doing business and the lack of bureaucratic obstacles at Seaside.”

OUR FOCUS IS ON YOU

W O L F G A N G J A N S E NPresident & Chief Executive Officer

H A N N E L O R E J A N S E NChairman


Goodwill Manasota, Inc.

“Goodwill has enjoyed a long and productive relationship with Seaside. We have always appreciated the support of our Client Advisor. Seaside provides the feel of a local bank with the professionalism of a national organization. Goodwill values the resources that Seaside has provided that have helped build our extensive array of services to those in need.”

OUR FOCUS IS ON YOU

R O B R O S I N S K YPresident and Chief Executive Officer

R O B E R T M O R R I SChairman-Elect of the Board

S T E V E B O O N EChairman

44 | Goodwill Manasota, Inc.

Goodwill Manasota is an industry-leading, 501(c)(3), not-for-profit organization that serves individuals in Sarasota, Manatee, Hardee and DeSoto counties by changing lives through the power of work. With the sales of donated

goods and philanthropic donations, Goodwill is able to assist people with disabilities and other barriers to employment by providing job skills training and employment opportunities. experiencegoodwill.org


Palm City Millwork, Inc. is a family run business that has been a leader in the manufacturing of custom doors, mouldings, trims and shutters for more than 20 years. They manufacture 90% of what they sell at the production facility located in

Palm City, Florida. They work with Florida’s finest builders, architects and interior designers and have a reputation for quality, craftsmanship, service, and being on time and on budget. palmcitymillwork.com

46 | Palm City Millwork

Palm City Millwork

“Palm City Millwork banks with Seaside National Bank & Trust, based on a 25 year relationship with our Client Advisor. We are pleased with Seaside’s level of responsiveness and performance. They are a welcome change of pace when compared to other banking institutions.”

OUR FOCUS IS ON YOU

F R A N Z C A R RSales

F R A N K C A R RPresident

S H A N N O N C A R RSales

T H E R E S A C A R R - B E D I T ZSecretary & Treasurer


ABC Fine Wine & Spirits was founded in Orlando in 1936, by Jack Holloway. The Holloway and Bailes families have owned and operated ABC since its inception. Almost 80 years later they now operate approximately 150 locations throughout Florida and are the country’s largest privately owned wine and spirits retailer. Seaside serves as a comprehensive

asset manager to the Bailes family. Each generation has its unique goals and opportunities. Seaside takes a consultative approach and handles each family members request individually, while maintaining focus on the overall family business, asset management and succession strategy. abcfws.com

48 | Bailes Family

Bailes Family

“We have chosen Seaside because they provide all the services of the largest financial institutions and the personalized attention of smaller community banks. Through a single relationship, we have access to every financial service we could ask for; from the most sophisticated and fully-integrated solutions to ordinary everyday transactions.”

OUR FOCUS IS ON YOU

C H A R L E S E . B A I L E S , J R .Retired Executive Vice President

C H A R L E S E . B A I L E S I I IChairman and CEO

C H A R L E S E . B A I L E S I VGeneral Manager


We maintain professional excellence and high performance standards.


CONSOLIDATED STATEMENTS OF EARNINGS

Year Ended December 31,

2014 2013 2012

I N C O M E

Interest Income:Loans $ 30,899 $ 27,304 $ 25,899Securities $ 3,703 $ 3,012 $ 3,854Other $ 362 $ 280 $ 229Total Interest Income $ 34,964 $ 30,596 $ 29,982Interest Expense:Deposits $ 4,060 $ 4,272 $ 4,941Borrowings $ 129 $ 62 $ 317Total Interest Expense $ 4,189 $ 4,334 $ 5,258Net Interest Income $ 30,775 $ 26,262 $ 24,724Provision for Loan Losses $ 1,158 $ 2,217 $ 2,426Net Interest Income After Provision for Loan Losses $ 29,617 $ 24,045 $ 22,298Non-interest Income:Wealth Management Income $ 2,171 $ 1,392 $ 1,032

Service Charges on Deposit Accounts $ 752 $ 717 $ 759Gain on Sales of Loans Held for Sale $ 677 $ 890 $ 953Other $ 1,485 $ 1,619 $ 1,175Total Non-interests Income $ 5,085 $ 4,618 $ 3,919Non-interest Expenses:Salaries and Employee Benefits $ 19,780 $ 16,757 $ 14,736Occupancy and Equipment $ 4,508 $ 4,434 $ 4,275FDIC Insurance Premiums $ 753 $ 625 $ 780Data Processing $ 1,668 $ 1,551 $ 1,255Professional Fees $ 485 $ 467 $ 314

Advertising $ 251 $ 254 $ 249Other General and Administrative $ 2,379 $ 1,990 $ 2,326Total Non-interest Expenses $ 29,824 $ 26,078 $ 23,935Earnings Before Income Taxes $ 4,878 $ 2,585 $ 2,282Income Taxes $ 1,937 $ 1,017 $ 911

Net Earnings $ 2,941 $ 1,568 $ 1,371

Three Shores Bancorporation, Inc. and Subsidiary Consolidated Statements of Earnings (in thousands)

52 | 2014 Financials

CONSOLIDATED BAL ANCE SHEETS

At December 31,

2014 2013 2012

A S S E T S

Cash and Due from Banks $ 18,778 $ 47,872 $ 27,218Federal Funds Sold $ 501 $ 131 $ 439Total Cash and Cash Equivalents $ 19,279 $ 48,003 $ 27,657Securities Available for Sale $ 159,430 $ 127,501 $ 159,824Securities Held to Maturity $ 62,247 $ 55,706 $ –Loans Held for Sale $ 1,352 $ – $ 984Loans, Gross $ 814,441 $ 684,824 $ 598,311Allowance for Loan Losses $ (9,723) $ (7,958) $ (7,492)Accrued Interest Receivable $ 3,017 $ 2,291 $ 2,232Premises and Equipment, Net $ 3,498 $ 4,142 $ 4,235Restricted Securities $ 5,731 $ 4,336 $ 4,190Deferred Income Taxes $ 13,536 $ 15,620 $ 15,466Other Assets $ 7,536 $ 9,057 $ 8,646Total Assets $ 1,080,344 $ 943,522 $ 814,053

L I A B I L I T I E SNon-interest-bearing Demand Deposits $ 164,954 $ 156,031 $ 114,154NOW Deposits $ 131,329 $ 74,927 $ 57,762Money-market and Savings Deposits $ 346,237 $ 357,120 $ 283,258Time Deposits $ 244,695 $ 223,054 $ 247,484Total Deposits $ 887,215 $ 811,132 $ 702,658Other Borrowings $ 72,343 $ 16,189 $ 10,719Accrued Interest Payable $ 383 $ 282 $ 365Official Checks $ 5,293 $ 3,273 $ 1,673Other Liabilities $ 7,946 $ 9,230 $ 8,380Total Liabilities $ 973,180 $ 840,106 $ 723,795

S T O C K H O L D E R S ’ E Q U I T YPreferred Stock $ 68,698 $ 68,683 $ 56,307Common Stock and Additional Paid-in Capital $ 64,295 $ 63,346 $ 62,014Accumulated Deficit $ (25,117) $ (27,563) $ (28,765)Accumulated Other Comprehensive Income (loss) $ (712) $ (1,050) $ 702Total Stockholders’ Equity $ 107,164 $ 103,416 $ 90,258

Total Liabilities & Stockholders’ Equity $ 1,080,344 $ 943,522 $ 814,053

Three Shores Bancorporation, Inc. Consolidated Balance Sheets (in thousands)


We recognize the value of the individual.


1 Thomas Yochum* Chairman of the Board, Seaside National Bank & Trust

2 Charles “Chas” Bailes III*

Chairman & CEO, ABC Fine Wine & Spirits

3 Steven Barnett

Principal, Dunmore Management

4 John Cochran* Principal, Lovell Minnick Partners LLC

5 Glen Davis President & CEO, Schuff Steel-Atlantic, Inc.

6 Anil Deshpande Co-Founder, Park Square Homes

7 Michael Fess Founder & Owner, Equity Partners, Inc.

8 Brian Golson*

Managing Partner, Parthenon Capital Partners’ San Francisco Office

9 Gideon Haymaker*

President & CEO, Seaside National Bank & Trust

10 Steve Hayworth Vice Chair, Seaside Board of Directors

11 Thomas O’Shane*

Retired Banker

12 Ed Timberlake Chairman, Seaside National Bank & Trust Central Florida Board of Directors

13 Charles Valentine

Retired Banker

14 Rick Walsh* President, KnobHill Group

1 Darrell Kelley Business Consultant

2 Rita Lowndes Community Volunteer

3 Alex Martins CEO, Orlando Magic

4 Tim Myers President, Seaside National Bank & Trust Central Florida & Tampa Bay

5 Ed Timberlake Chairman, Seaside National Bank & Trust Central Florida Board of Directors

1 Ernie Bono Community Volunteer

2 Jim Francis Community Volunteer

3 James B. Stallings, Jr. Community Volunteer

4 Don Roberts President,

North Florida

5 Beth McCague Chair, Seaside National Bank & Trust North Florida Board of Directors

Board of Directors

Central Florida Board

North Florida Board

1 Gideon Haymaker President & CEO

2 Jane Ashley Director of Residential Lending

3 Nancy Elberg Director of Human Capital

4 Tom Grant Chief Credit Officer

5 Barry Griffiths Chief Financial Officer

6 Steve Hayworth Vice Chair, Seaside Board of Directors

7 Lara Lee Chief Marketing Officer

8 Mike McMullan West Florida Regional President

9 Tim Myers Central Florida Regional President

10 Philip Rich Chief Market Strategist

11 Don Roberts North Florida Regional President

12 Kevin Rogers South Florida Regional President

13 Stuart Scott Director of Wealth Management

14 Gary Young Chief Operations Officer

Senior Leadership1 2 3 4 5 6 7

1 2 3 4 5 6 7

1 2 3 4 5

1 2 3 4 5

8 9 10 11 12 13 14

8 9 10 11 12 13 14

Thomas Yochum, Chair

Gideon Haymaker

Charles “Chas” Bailes III

Thomas O’Shane

John Cochran

Rick Walsh

Brian Golson

*Three Shores Board of Directors:

56 | Board of Directors and Senior Leadership

SEASIDE NATIONAL BANK & TRUST

Board of Directors

Central Florida Board

North Florida Board

Senior Leadership


We value individual participation and foster teamwork.

58 | Seaside Annual Report 2014

60 | Seaside Promise

Seaside Client PromiseWe will get to know you, your family and your business.

After we understand your needs, goals and aspirations, we

will recommend product-neutral, needs-based solutions.

As we understand your preferences, we’ll be able to create

customized solutions, anticipate your future needs and

periodically reassess your current requirements as changes

dictate. With a compassionate sense of urgency, we’ll

provide timely, attentive and friendly service.


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