Seacoast Banking Corp. of Florida reported unaudited consolidate earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company has posted net income of $2,548,000 against net loss of $10,205,000 a year ago. Net income available to common shareholders was $1,611,000 or $0.02 diluted per share against net loss available to common shareholders was $11,142,000 or $0.12 diluted per share a year ago. Net interest income was $17,020,000 against $16,379,000 a year ago. Return on average assets-GAAP basis was 0.48% against negative return on average assets-GAAP basis was 2.01% a year ago. Return on average shareholders' equity-GAAP basis was 6.17% against negative return on average shareholders' equity-GAAP basis was 23.31% a year ago. Total interest income was $20,058,000 against $20,243,000 a year ago. EBIT was $2,548,000 against LBIT of $10,205,000 a year ago. There are many positives that confirm the company is making significant progress to improve profitability and add to long-term earnings growth. Net interest income increased, reflecting loan and deposit growth. Noninterest income increased, reflecting growth in key activities such as mortgage banking gains, and fees earned from increased households and business deposit relationships, as well as, an increase in fees from wealth management. Noninterest expenses declined significantly as a result of meaningful improvements in credit quality. For the year, the company has posted net income of $6,667,000 against net loss of $33,203,000 a year ago. Net income available to common shareholders was $2,919,000 or $0.03 diluted per share against net loss available to common shareholders was $36,951,000 or $0.48 diluted per share a year ago. Net interest income was $67,059,000 against $66,485,000 a year ago. Return on average assets-GAAP basis was 0.32% against negative return on average assets-GAAP basis was 1.60% a year ago. Return on average shareholders' equity-GAAP basis was 4.03% against negative return on average shareholders' equity-GAAP basis was 19.30% a year ago. Book value per share common as on December 31, 2011 was $1.29 against $1.28 a year ago. Total interest income was $80,792,000 against $84,541,000 a year ago. EBIT was $6,667,000 against LBIT of $33,203,000 a year ago. For the quarter, the company has posted net charge-offs of $3,268,000.