STUART, Fla. -- Seacoast Banking Corporation of Florida reported a drop in second-quarter earnings, to $1.6 million from $1.7 million in the second quarter of 1993.

The company returned 1.08% and 1.01% on assets for the second quarter and first half of the year, respectively, compared with 1.14 and 1.24% in the same periods of last year.

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