10-Q 1 sbcf-20240630.htm 10-Q sbcf-20240630
false2024Q2000073070812/31xbrli:sharesiso4217:USDiso4217:USDxbrli:sharessbcf:securityxbrli:puresbcf:branch00007307082024-01-012024-06-3000007307082024-06-3000007307082024-04-012024-06-3000007307082023-04-012023-06-3000007307082023-01-012023-06-3000007307082023-12-3100007307082022-12-3100007307082023-06-300000730708us-gaap:CommonStockMember2024-03-310000730708us-gaap:AdditionalPaidInCapitalMember2024-03-310000730708us-gaap:RetainedEarningsMember2024-03-310000730708us-gaap:TreasuryStockCommonMember2024-03-310000730708us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-3100007307082024-03-310000730708us-gaap:RetainedEarningsMember2024-04-012024-06-300000730708us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300000730708us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300000730708us-gaap:CommonStockMember2024-04-012024-06-300000730708us-gaap:TreasuryStockCommonMember2024-04-012024-06-300000730708us-gaap:CommonStockMember2024-06-300000730708us-gaap:AdditionalPaidInCapitalMember2024-06-300000730708us-gaap:RetainedEarningsMember2024-06-300000730708us-gaap:TreasuryStockCommonMember2024-06-300000730708us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300000730708us-gaap:CommonStockMember2023-12-310000730708us-gaap:AdditionalPaidInCapitalMember2023-12-310000730708us-gaap:RetainedEarningsMember2023-12-310000730708us-gaap:TreasuryStockCommonMember2023-12-310000730708us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310000730708us-gaap:RetainedEarningsMember2024-01-012024-06-300000730708us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-06-300000730708us-gaap:AdditionalPaidInCapitalMember2024-01-012024-06-300000730708us-gaap:CommonStockMember2024-01-012024-06-300000730708us-gaap:TreasuryStockCommonMember2024-01-012024-06-300000730708us-gaap:CommonStockMember2023-03-310000730708us-gaap:AdditionalPaidInCapitalMember2023-03-310000730708us-gaap:RetainedEarningsMember2023-03-310000730708us-gaap:TreasuryStockCommonMember2023-03-310000730708us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-3100007307082023-03-310000730708us-gaap:RetainedEarningsMember2023-04-012023-06-300000730708us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-012023-06-300000730708us-gaap:AdditionalPaidInCapitalMember2023-04-012023-06-300000730708us-gaap:CommonStockMember2023-04-012023-06-300000730708us-gaap:TreasuryStockCommonMember2023-04-012023-06-300000730708us-gaap:CommonStockMember2023-06-300000730708us-gaap:AdditionalPaidInCapitalMember2023-06-300000730708us-gaap:RetainedEarningsMember2023-06-300000730708us-gaap:TreasuryStockCommonMember2023-06-300000730708us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300000730708us-gaap:CommonStockMember2022-12-310000730708us-gaap:AdditionalPaidInCapitalMember2022-12-310000730708us-gaap:RetainedEarningsMember2022-12-310000730708us-gaap:TreasuryStockCommonMember2022-12-310000730708us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310000730708us-gaap:RetainedEarningsMember2023-01-012023-06-300000730708us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-06-300000730708us-gaap:AdditionalPaidInCapitalMember2023-01-012023-06-300000730708us-gaap:CommonStockMember2023-01-012023-06-300000730708us-gaap:TreasuryStockCommonMember2023-01-012023-06-300000730708us-gaap:USTreasuryAndGovernmentMember2024-06-300000730708us-gaap:ResidentialMortgageBackedSecuritiesMember2024-06-300000730708us-gaap:CommercialMortgageBackedSecuritiesMember2024-06-300000730708us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2024-06-300000730708us-gaap:CollateralizedLoanObligationsMember2024-06-300000730708us-gaap:USStatesAndPoliticalSubdivisionsMember2024-06-300000730708us-gaap:OtherDebtSecuritiesMember2024-06-300000730708us-gaap:USTreasuryAndGovernmentMember2023-12-310000730708us-gaap:ResidentialMortgageBackedSecuritiesMember2023-12-310000730708us-gaap:CommercialMortgageBackedSecuritiesMember2023-12-310000730708us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2023-12-310000730708us-gaap:CollateralizedLoanObligationsMember2023-12-310000730708us-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310000730708us-gaap:OtherDebtSecuritiesMember2023-12-310000730708sbcf:ProfessionalHoldingCorpMember2023-01-012023-06-300000730708us-gaap:OtherDebtSecuritiesMember2023-01-012023-06-300000730708sbcf:CRAQualifiedDebtSecuritiesMember2024-04-012024-06-300000730708sbcf:CRAQualifiedDebtSecuritiesMember2024-01-012024-06-300000730708sbcf:CRAQualifiedDebtSecuritiesMember2023-04-012023-06-300000730708sbcf:CRAQualifiedDebtSecuritiesMember2023-01-012023-06-300000730708us-gaap:AssetPledgedAsCollateralMember2024-06-300000730708us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-06-300000730708srt:StandardPoorsAAARatingMemberus-gaap:CollateralizedLoanObligationsMember2024-06-300000730708srt:StandardPoorsAARatingMemberus-gaap:CollateralizedLoanObligationsMember2024-06-300000730708sbcf:CRAQualifiedDebtSecuritiesMember2024-06-300000730708sbcf:CRAQualifiedDebtSecuritiesMember2023-12-310000730708sbcf:VisaMemberus-gaap:CommonClassBMember2023-12-310000730708sbcf:VisaMemberus-gaap:CommonClassBMember2024-01-012024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMembersbcf:PortfolioLoansMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMember2024-06-300000730708sbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708sbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMembersbcf:PortfolioLoansMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMember2024-06-300000730708sbcf:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:CommercialPortfolioSegmentMember2024-06-300000730708sbcf:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708sbcf:PortfolioLoansMember2024-06-300000730708us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMembersbcf:PortfolioLoansMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMember2023-12-310000730708sbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708sbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMembersbcf:PortfolioLoansMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMember2023-12-310000730708sbcf:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-12-310000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:CommercialPortfolioSegmentMember2023-12-310000730708sbcf:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708sbcf:PortfolioLoansMember2023-12-310000730708us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:LoansMember2024-01-012024-06-300000730708us-gaap:LoansMember2024-06-300000730708us-gaap:LoansMember2023-01-012023-12-310000730708us-gaap:LoansMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMembersbcf:PortfolioLoansMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMembersbcf:PortfolioLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMembersbcf:PortfolioLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:PortfolioLoansMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMembersbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMembersbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2024-06-300000730708sbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000730708sbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialPortfolioSegmentMembersbcf:PortfolioLoansMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMembersbcf:PortfolioLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMembersbcf:PortfolioLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMembersbcf:PortfolioLoansMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMembersbcf:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000730708sbcf:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMembersbcf:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMembersbcf:PortfolioLoansMember2024-06-300000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:PortfolioLoansMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivables30To59DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivables60To89DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMember2024-06-300000730708us-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000730708us-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMembersbcf:PortfolioLoansMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMembersbcf:PortfolioLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMembersbcf:PortfolioLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:PortfolioLoansMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMembersbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMembersbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2023-12-310000730708sbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000730708sbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:PortfolioLoansMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialPortfolioSegmentMembersbcf:PortfolioLoansMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMembersbcf:PortfolioLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMembersbcf:PortfolioLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMembersbcf:PortfolioLoansMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMembersbcf:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-12-310000730708sbcf:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMembersbcf:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMembersbcf:PortfolioLoansMember2023-12-310000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000730708sbcf:PortfolioLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:PortfolioLoansMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivables30To59DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivables60To89DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-12-310000730708us-gaap:FinancialAssetNotPastDueMember2023-12-310000730708us-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310000730708us-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:PassMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:SpecialMentionMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:SubstandardMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:DoubtfulMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMember2024-01-012024-06-300000730708us-gaap:PassMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:SpecialMentionMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:SubstandardMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:DoubtfulMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-01-012024-06-300000730708us-gaap:PassMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:SpecialMentionMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:SubstandardMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:DoubtfulMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2024-01-012024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PassMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SpecialMentionMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:DoubtfulMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMember2024-01-012024-06-300000730708us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMember2024-06-300000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2024-06-300000730708us-gaap:DoubtfulMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000730708us-gaap:CommercialPortfolioSegmentMember2024-01-012024-06-300000730708us-gaap:PassMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:SpecialMentionMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:DoubtfulMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:ConsumerPortfolioSegmentMember2024-01-012024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:PassMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:SpecialMentionMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:SubstandardMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:DoubtfulMember2023-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMember2023-01-012023-12-310000730708us-gaap:PassMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708us-gaap:SpecialMentionMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708us-gaap:SubstandardMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708us-gaap:DoubtfulMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-01-012023-12-310000730708us-gaap:PassMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:SpecialMentionMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:SubstandardMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:DoubtfulMember2023-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2023-01-012023-12-310000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PassMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SpecialMentionMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:DoubtfulMember2023-12-310000730708us-gaap:ResidentialPortfolioSegmentMember2023-01-012023-12-310000730708us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2023-12-310000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMember2023-12-310000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2023-12-310000730708us-gaap:DoubtfulMemberus-gaap:CommercialPortfolioSegmentMember2023-12-310000730708us-gaap:CommercialPortfolioSegmentMember2023-01-012023-12-310000730708us-gaap:PassMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:SpecialMentionMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:DoubtfulMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000730708us-gaap:ConsumerPortfolioSegmentMember2023-01-012023-12-3100007307082023-01-012023-12-310000730708us-gaap:ExtendedMaturityAndInterestRateReductionMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-01-012024-06-300000730708sbcf:ExtendedMaturityAndPaymentDeferralMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-01-012024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-06-300000730708sbcf:ExtendedMaturityAndPaymentDeferralMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2024-01-012024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-06-300000730708us-gaap:ResidentialPortfolioSegmentMembersbcf:ExtendedMaturityAndPaymentDeferralMember2024-01-012024-06-300000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-06-300000730708sbcf:ExtendedMaturityAndPaymentDeferralMemberus-gaap:CommercialPortfolioSegmentMember2024-01-012024-06-300000730708us-gaap:ExtendedMaturityAndInterestRateReductionMemberus-gaap:ConsumerPortfolioSegmentMember2024-01-012024-06-300000730708sbcf:ExtendedMaturityAndPaymentDeferralMemberus-gaap:ConsumerPortfolioSegmentMember2024-01-012024-06-300000730708us-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-06-300000730708sbcf:ExtendedMaturityAndPaymentDeferralMember2024-01-012024-06-300000730708us-gaap:FinancialAssetNotPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:FinancingReceivables30To59DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:FinancingReceivables60To89DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000730708us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000730708us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2024-06-300000730708us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMember2024-03-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMember2024-04-012024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-03-310000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2024-04-012024-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2024-03-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2024-04-012024-06-300000730708us-gaap:ResidentialPortfolioSegmentMember2024-03-310000730708us-gaap:ResidentialPortfolioSegmentMember2024-04-012024-06-300000730708us-gaap:CommercialPortfolioSegmentMember2024-03-310000730708us-gaap:CommercialPortfolioSegmentMember2024-04-012024-06-300000730708us-gaap:ConsumerPortfolioSegmentMember2024-03-310000730708us-gaap:ConsumerPortfolioSegmentMember2024-04-012024-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMember2023-03-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMember2023-04-012023-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMember2023-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-03-310000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-04-012023-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2023-03-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2023-04-012023-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2023-06-300000730708us-gaap:ResidentialPortfolioSegmentMember2023-03-310000730708us-gaap:ResidentialPortfolioSegmentMember2023-04-012023-06-300000730708us-gaap:ResidentialPortfolioSegmentMember2023-06-300000730708us-gaap:CommercialPortfolioSegmentMember2023-03-310000730708us-gaap:CommercialPortfolioSegmentMember2023-04-012023-06-300000730708us-gaap:CommercialPortfolioSegmentMember2023-06-300000730708us-gaap:ConsumerPortfolioSegmentMember2023-03-310000730708us-gaap:ConsumerPortfolioSegmentMember2023-04-012023-06-300000730708us-gaap:ConsumerPortfolioSegmentMember2023-06-300000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMember2022-12-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMember2023-01-012023-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2022-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-01-012023-06-300000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2022-12-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMember2023-01-012023-06-300000730708us-gaap:ResidentialPortfolioSegmentMember2022-12-310000730708us-gaap:ResidentialPortfolioSegmentMember2023-01-012023-06-300000730708us-gaap:CommercialPortfolioSegmentMember2022-12-310000730708us-gaap:CommercialPortfolioSegmentMember2023-01-012023-06-300000730708us-gaap:ConsumerPortfolioSegmentMember2022-12-310000730708us-gaap:ConsumerPortfolioSegmentMember2023-01-012023-06-300000730708sbcf:SecuritiesInterestRateSwapMember2024-04-012024-06-300000730708sbcf:SecuritiesInterestRateSwapMember2024-01-012024-06-300000730708sbcf:SecuritiesInterestRateSwapMember2023-01-012023-06-300000730708sbcf:SecuritiesInterestRateSwapMember2023-04-012023-06-300000730708sbcf:ResidentialMortgageInterestRateSwapMember2024-04-012024-06-300000730708sbcf:ResidentialMortgageInterestRateSwapMember2024-01-012024-06-300000730708sbcf:OtherAssetsAndOtherLiabilitiesMemberus-gaap:InterestRateContractMember2024-06-300000730708sbcf:SecuritiesInterestRateSwapMemberus-gaap:OtherAssetsMemberus-gaap:FairValueHedgingMember2024-06-300000730708us-gaap:OtherAssetsMembersbcf:ResidentialMortgageInterestRateSwapMemberus-gaap:FairValueHedgingMember2024-06-300000730708sbcf:OtherAssetsAndOtherLiabilitiesMemberus-gaap:InterestRateContractMember2023-12-310000730708sbcf:SecuritiesInterestRateSwapMemberus-gaap:OtherAssetsMemberus-gaap:FairValueHedgingMember2023-12-310000730708us-gaap:OtherLiabilitiesMembersbcf:ResidentialMortgageInterestRateSwapMemberus-gaap:FairValueHedgingMember2023-12-310000730708sbcf:InterestRateContractsRiskParticipationAgreementsMember2024-06-300000730708sbcf:InterestRateContractsRiskParticipationAgreementsMember2023-12-310000730708us-gaap:DebtSecuritiesMember2024-06-300000730708us-gaap:DebtSecuritiesMember2023-12-310000730708us-gaap:LoansReceivableMember2024-06-300000730708us-gaap:LoansReceivableMember2023-12-310000730708us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersbcf:RepurchaseAgreementMemberus-gaap:AssetPledgedAsCollateralMember2024-06-300000730708us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersbcf:RepurchaseAgreementMemberus-gaap:AssetPledgedAsCollateralMember2023-12-310000730708us-gaap:FairValueMeasurementsRecurringMember2024-06-300000730708us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300000730708us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300000730708us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300000730708us-gaap:FairValueMeasurementsNonrecurringMember2024-06-300000730708us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-06-300000730708us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-06-300000730708us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-06-300000730708us-gaap:FairValueMeasurementsRecurringMember2023-12-310000730708us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000730708us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000730708us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000730708us-gaap:FairValueMeasurementsNonrecurringMember2023-12-310000730708us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310000730708us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310000730708us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310000730708sbcf:CollateralDependentRealEstateLoansMember2024-06-300000730708sbcf:CollateralDependentRealEstateLoansMember2023-12-310000730708us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300000730708us-gaap:CarryingReportedAmountFairValueDisclosureMember2024-06-300000730708us-gaap:FairValueInputsLevel1Member2024-06-300000730708us-gaap:FairValueInputsLevel2Member2024-06-300000730708us-gaap:FairValueInputsLevel3Member2024-06-300000730708us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000730708us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-310000730708us-gaap:FairValueInputsLevel1Member2023-12-310000730708us-gaap:FairValueInputsLevel2Member2023-12-310000730708us-gaap:FairValueInputsLevel3Member2023-12-310000730708sbcf:ProfessionalHoldingCorpMember2023-01-312023-01-310000730708sbcf:ProfessionalHoldingCorpMember2023-01-310000730708sbcf:ProfessionalHoldingCorpMembersrt:ScenarioPreviouslyReportedMember2023-01-310000730708sbcf:ConstructionAndLandDevelopmentPortfolioSegmentMembersbcf:ProfessionalHoldingCorpMember2023-01-310000730708sbcf:ProfessionalHoldingCorpMembersbcf:CommercialRealEstatePortfolioSegmentOwnerOccupiedMember2023-01-310000730708sbcf:CommercialRealEstatePortfolioSegmentNonOwnerOccupiedMembersbcf:ProfessionalHoldingCorpMember2023-01-310000730708sbcf:ProfessionalHoldingCorpMemberus-gaap:ResidentialPortfolioSegmentMember2023-01-310000730708us-gaap:CommercialPortfolioSegmentMembersbcf:ProfessionalHoldingCorpMember2023-01-310000730708sbcf:ProfessionalHoldingCorpMemberus-gaap:ConsumerPortfolioSegmentMember2023-01-310000730708sbcf:ProfessionalHoldingCorpMembersbcf:CoronavirusAidReliefAndEconomicSecurityActPaycheckProtectionProgramLoanMember2023-01-310000730708sbcf:ProfessionalHoldingCorpMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-01-310000730708sbcf:ProfessionalHoldingCorpMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2023-01-31


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
(Mark One)
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2024
OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________ to __________________.
Commission File No. 0-13660
 
Seacoast Banking Corporation of Florida
(Exact Name of Registrant as Specified in its Charter)
 
Florida 59-2260678
(State or Other Jurisdiction of
Incorporation or Organization)		 (I.R.S. Employer
Identification No.)
815 COLORADO AVENUE,STUARTFL 34994
(Address of Principal Executive Offices) (Zip Code)
(772) 287-4000
(Registrant’s Telephone Number, Including Area Code)
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockSBCFNasdaq Global Select Market

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.                Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).                                Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).     Yes ☐ No ☒

Common Stock, $0.10 Par Value – 85,299,154 shares as of June 30, 2024


INDEX
 SEACOAST BANKING CORPORATION OF FLORIDA
  
   
   
 
   
 
Consolidated balance sheets - June 30, 2024 and December 31, 2023
 
Consolidated statements of cash flows – Six months ended June 30, 2024 and 2023
   
 
   
   
   
   
 
   
   
   
   
   
   
   
   

2
Part I. FINANCIAL INFORMATION
Item 1. Financial Statements

SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

Three Months Ended June 30,Six Months Ended June 30,
(In thousands, except per share data)2024202320242023
Interest and fees on loans$147,292 $148,265 $294,387 $283,433 
Interest and dividends on securities24,188 20,995 46,615 40,344 
Interest on interest bearing deposits and other investments8,328 5,023 14,512 8,497 
Total Interest Income179,808 174,283 355,514 332,274 
Interest on deposits51,319 27,183 98,853 43,216 
Interest on time certificates17,928 14,477 35,049 20,029 
Interest on borrowed money6,137 5,660 12,110 10,914 
Total Interest Expense75,384 47,320 146,012 74,159 
Net Interest Income104,424 126,963 209,502 258,115 
Provision for credit losses4,918 (764)6,286 30,834 
Net Interest Income after Provision for Credit Losses99,506 127,727 203,216 227,281 
Noninterest income:
Service charges on deposit accounts5,342 4,560 10,302 8,802 
Interchange income1,940 5,066 3,828 9,760 
Wealth management income3,766 3,318 7,306 6,381 
Mortgage banking fees582 576 963 1,002 
Insurance agency income1,355 1,160 2,646 2,261 
SBA gains694 249 1,433 571 
BOLI income2,596 2,068 4,860 3,984 
Other5,953 4,755 11,158 11,329 
22,228 21,752 42,496 44,090 
Securities (losses) gains, net(44)(176)185 (69)
Total Noninterest Income22,184 21,576 42,681 44,021 
Noninterest expense:
Salaries and wages38,937 45,155 79,241 92,771 
Employee benefits6,861 7,472 14,750 16,034 
Outsourced data processing costs8,210 20,222 20,328 34,775 
Occupancy7,180 8,583 15,217 16,602 
Furniture and equipment1,956 2,345 3,967 4,612 
Marketing3,266 2,047 5,921 4,285 
Legal and professional fees1,982 4,062 4,133 11,541 
FDIC assessments2,131 2,116 4,289 3,559 
Amortization of intangibles6,003 7,654 12,295 14,381 
Other real estate owned expense and net (gain) loss on sale(109)(57)(135)138 
3
Provision for credit losses on unfunded commitments251 — 501 1,239 
Other5,869 8,266 12,401 15,403 
Total Noninterest Expense82,537 107,865 172,908 215,340 
Income Before Income Taxes39,153 41,438 72,989 55,962 
Provision for income taxes8,909 10,189 16,739 12,886 
Net Income$30,244 $31,249 $56,250 $43,076 
Net income per share of common stock
Diluted$0.36 $0.37 $0.66 $0.52 
Basic0.36 0.37 0.67 0.52 
Average common shares outstanding
Diluted84,816 85,536 84,799 83,260 
Basic84,341 85,022 84,260 82,600 

See notes to unaudited consolidated financial statements.
 



4
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)
(In thousands)Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Net Income$30,244 $31,249 $56,250 $43,076 
Other comprehensive income (loss):
Unrealized losses on available-for-sale securities, net of tax benefit of $1.2 million and $3.7 million for the three and six months ended June 30, 2024, respectively, and net of tax benefit of $7.1 million and $1.2 million for the three and six months ended June 30, 2023, respectively
$(3,579)$(22,215)$(11,495)$(3,699)
Amortization of unrealized gains on securities transferred to held-to-maturity, net of tax benefit of $4 thousand and $7 thousand for the three and six months ended June 30, 2024, respectively, and net of tax benefit of $3 thousand and $6 thousand for the three and six months ended June 30, 2023, respectively
(10)(11)(21)(21)
Reclassification adjustment for losses (gains) included in net income, net of tax benefit of $1.0 million and tax expense of $1 thousand for the six months ended June 30, 2024 and June 30, 2023, respectively
— — 2,806 (4)
Unrealized (losses) gains on derivatives designated as fair value hedges, net of reclassifications to income, net of tax benefit of $0.2 million and tax expense of $0.2 million for the three and six months ended June 30, 2024, respectively, and net of tax expense of $1.6 million for the three and six months ended June 30, 2023, respectively
(465)4,732 578 4,732 
Unrealized gains on derivatives designated as cash flow hedges, net of reclassifications to income, net of tax expense of $38 thousand and $71 thousand for the three and six months ended June 30, 2023, respectively
— 103 — 201 
Total other comprehensive (loss) income $(4,054)$(17,391)$(8,132)$1,209 
Comprehensive Income$26,190 $13,858 $48,118 $44,285 
See notes to unaudited consolidated financial statements.

 


5
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Unaudited)
June 30,December 31,
(In thousands, except share data)20242023
Assets  
Cash and due from banks$168,738 $167,511 
Interest bearing deposits with other banks580,787 279,671 
Total cash and cash equivalents749,525 447,182 
Time deposits with other banks7,856 5,857 
Debt securities:
Securities available-for-sale (at fair value)1,967,204 1,836,020 
Securities held-to-maturity (fair value $527.3 million at June 30, 2024 and $558.4 million at December 31, 2023)
658,055 680,313 
Total debt securities2,625,259 2,516,333 
Loans held for sale5,975 4,391 
Loans10,038,508 10,062,940 
Allowance for credit losses(141,641)(148,931)
Loans, net of allowance for credit losses9,896,867 9,914,009 
Bank premises and equipment, net109,945 113,304 
Other real estate owned6,877 7,560 
Goodwill732,417 732,417 
Other intangible assets, net83,445 95,645 
Bank owned life insurance303,816 298,974 
Net deferred tax assets108,852 113,232 
Other assets321,779 331,345 
Total Assets$14,952,613 $14,580,249 
Liabilities
Deposits$12,116,118 $11,776,935 
Securities sold under agreements to repurchase262,103 374,573 
Federal Home Loan Bank (“FHLB”) borrowings
180,000 50,000 
Long-term debt, net106,634 106,302 
Other liabilities157,377 164,353 
Total Liabilities12,822,232 12,472,163 
Shareholders’ Equity
Common stock, par value $0.10 per share, authorized 120,000,000 shares, issued 86,003,198 and outstanding 85,299,154 at June 30, 2024, and authorized 120,000,000, issued 85,480,183 and outstanding 84,861,498 shares at December 31, 2023
8,530 8,486 
Additional paid-in-capital1,815,800 1,808,883 
Retained earnings492,805 467,305 
Treasury stock(18,744)(16,710)
2,298,391 2,267,964 
Accumulated other comprehensive loss, net(168,010)(159,878)
Total Shareholders’ Equity
2,130,381 2,108,086 
Total Liabilities and Shareholders’ Equity
$14,952,613 $14,580,249 
See notes to unaudited consolidated financial statements.
6
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
 
Six Months Ended June 30,
(In thousands)20242023
Cash Flows from Operating Activities  
Net income$56,250 $43,076 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation4,262 4,071 
Accretion of discounts on securities, net(1,455)(424)
Amortization of operating lease right-of-use assets4,087 3,961 
Other amortization and accretion, net1,068 (10,558)
Stock based compensation6,105 7,096 
Origination of loans designated for sale(58,002)(56,526)
Sale of loans designated for sale59,240 55,710 
Provision for credit losses6,286 30,834 
Deferred income taxes6,933 (9,439)
Gain on securities(185)(69)
Gains on sale of loans(3,435)(1,828)
Gains on sale and write-downs of other real estate owned(135)(64)
Losses on disposition of fixed assets and write-downs upon transfer of bank premises to other real estate owned289 1,726 
Changes in operating assets and liabilities, net of effects from acquired companies:
Net decrease in other assets7,204 14,511 
Net decrease in other liabilities(6,977)(24,002)
Net cash provided by operating activities$81,535 $58,075 
Cash Flows from Investing Activities
Maturities and repayments of debt securities available-for-sale144,875 107,590 
Maturities and repayments of debt securities held-to-maturity22,328 41,995 
Proceeds from sale of debt securities available-for-sale86,829 30,490 
Purchases of debt securities available-for-sale(376,726)(22,402)
Maturities and redemptions of time deposits with other banks1,483 249 
Purchases of time deposits with other banks(3,482)— 
Net new loans and principal repayments12,219 53,434 
Proceeds from the sale of loans held for investment10,905 — 
Proceeds from sale of other real estate owned2,654 294 
Proceeds from sale of FHLB and Federal Reserve Bank Stock11,310 71,352 
Purchase of FHLB and Federal Reserve Bank Stock(17,538)(87,273)
Proceeds from sale of Visa Class B shares4,104 — 
Net cash from bank acquisitions— 141,674 
Additions to bank premises and equipment(2,939)(8,827)
Net cash (used in) provided by investing activities$(103,978)$328,576 

 See notes to unaudited consolidated financial statements.

 
7
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
Six Months Ended June 30,
(In thousands)20242023
Cash Flows from Financing Activities  
Net increase in deposits$339,184 $182,331 
Net (decrease) increase in repurchase agreements(112,470)118,127 
Net decrease in FHLB borrowings with original maturities of three months or less— (170,000)
Repayments of FHLB borrowings with original maturities of more than three months(160,000)(75,000)
Proceeds from FHLB borrowings with original maturities of more than three months290,000 110,000 
Stock based employee benefit plans(298)3,731 
Repurchase of common stock(880)(45)
Dividends paid(30,750)(29,852)
Net cash provided by financing activities$324,786 $139,292 
Net increase in cash and cash equivalents302,343 525,943 
Cash and cash equivalents at beginning of period447,182 201,940 
Cash and cash equivalents at end of period$749,525 $727,883 
Supplemental disclosure of cash flow information:
Cash paid during the period for interest$144,396 $67,991 
Cash paid during the period for taxes5,888 6,080 
Recognition of operating lease right-of-use assets, other than through bank acquisitions, net of terminations— 1,890 
Recognition of operating lease liabilities, other than through bank acquisitions, net of terminations— 1,902 
Supplemental disclosure of non-cash investing activities:
Transfers from loans to other real estate owned953 — 
Transfers from bank premises to other real estate owned883 5,455 

See notes to unaudited consolidated financial statements.
 
8
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited)

 Common StockPaid-in
Capital		Retained
Earnings		Treasury
Stock		Accumulated
Other
Comprehensive
Income (Loss)
(In thousands)SharesAmountTotal
Balance at March 31, 2024
84,935 $8,494 $1,811,941 $478,017 $(16,746)$(163,956)$2,117,750 
Comprehensive income (loss)— — — 30,244 — (4,054)26,190 
Stock based compensation expense— — 3,888 — — — 3,888 
Common stock transactions related to stock based employee benefit plans404 36 (29)— (1,118)— (1,111)
Repurchase of common stock(40)— — — (880)— (880)
Dividends on common stock ($0.18 per share)
— — — (15,456)— — (15,456)
Three months ended June 30, 2024364 36 3,859 14,788 (1,998)(4,054)12,631 
Balance at June 30, 2024
85,299 $8,530 $1,815,800 $492,805 $(18,744)$(168,010)$2,130,381 

 Common StockPaid-in
Capital		Retained
Earnings		Treasury
Stock		Accumulated
Other
Comprehensive
Income (Loss)
(In thousands)SharesAmountTotal
Balance at December 31, 2023
84,861 $8,486 $1,808,883 $467,305 $(16,710)$(159,878)$2,108,086 
Comprehensive income (loss)— — — 56,250 — (8,132)48,118 
Stock based compensation expense— — 6,105 — — — 6,105
Common stock transactions related to stock based employee benefit plans478 44 812 — (1,154)— (298)
Repurchase of common stock(40)— — — (880)— (880)
Dividends on common stock ($0.36 per share)
— — — (30,750)— — (30,750)
Six months ended June 30, 2024438 44 6,917 25,500 (2,034)(8,132)22,295 
Balance at June 30, 2024
85,299 $8,530 $1,815,800 $492,805 $(18,744)$(168,010)$2,130,381 

Common StockPaid-in
Capital		Retained
Earnings		Treasury
Stock		Accumulated
Other
Comprehensive
Income (Loss)
(In thousands)SharesAmountTotal
Balance at March 31, 2023
84,609 $8,461 $1,803,898 $421,271 $(13,113)$(169,433)$2,051,084 
Comprehensive income (loss)— — — 31,249 — (17,391)13,858 
Stock based compensation expense— — 4,454 — — — 4,454 
Common stock transactions related to stock based employee benefit plans377 38 (124)— (1,058)— (1,144)
Common stock issued for stock options103 10 1,248 — — — 1,258 
Repurchase of common stock(3)— (45)— — — (45)
Dividends on common stock ($0.18 per share)
— — — (15,433)— — (15,433)
Three months ended June 30, 2023477 485,533 15,816 (1,058)(17,391)2,948 
Balance at June 30, 2023
85,086 $8,509 $1,809,431 $437,087 $(14,171)$(186,824)$2,054,032 

9
Common StockPaid-in
Capital		Retained
Earnings		Treasury
Stock		Accumulated
Other
Comprehensive
Income (Loss)
(In thousands)SharesAmountTotal
Balance at December 31, 2022
71,618$7,162 $1,377,802 $423,863 $(13,019)$(188,033)$1,607,775 
Comprehensive income (loss)— — — 43,076 — 1,209 44,285 
Stock based compensation expense— — 7,096— — — 7,096 
Common stock transactions related to stock based employee benefit plans44846(203)— (1,152)— (1,309)
Common stock issued for stock options231225,018 — — — 5,040 
Repurchase of common stock(3)— (45)— — — (45)
Issuance of common stock, pursuant to acquisitions12,792 1,279 409,459 — — — 410,738 
Conversion of options, pursuant to acquisitions— — 10,304 — — — 10,304 
Dividends on common stock ($0.35 per share)
— — — (29,852)— — (29,852)
Six months ended June 30, 202313,468 1,347 431,629 13,224 (1,152)1,209 446,257 
Balance at June 30, 2023
85,086 $8,509 $1,809,431 $437,087 $(14,171)$(186,824)$2,054,032 
10
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Note 1 – Basis of Presentation
Basis of Presentation: The accompanying unaudited consolidated financial statements of Seacoast Banking Corporation of Florida and its subsidiaries (the “Company”) have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Certain prior period amounts have been reclassified to conform to the current period presentation.
Operating results for the three and six months ended June 30, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024, or any other period. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.
Use of Estimates: The preparation of these consolidated financial statements requires management to make judgments in the application of certain accounting policies that involve significant estimates and assumptions. The Company has established policies and control procedures that are intended to ensure valuation methods are well-controlled and applied consistently from period to period. These estimates and assumptions, which may materially affect the reported amounts of certain assets, liabilities, revenues, and expenses, are based on information available as of the date of the financial statements, and changes in this information over time and the use of revised estimates and assumptions could materially affect amounts reported in subsequent financial statements. Specific areas, among others, requiring the application of management’s estimates include the determination of the allowance for credit losses, acquisition accounting and purchased loans, intangible assets and impairment testing, and other fair value measurements.
Issued Accounting Standards
In November 2023, the FASB issued ASU 2023-07, “Improvements to Reportable Segment Disclosures.” ASU 2023-07 requires disclosure of significant segment expenses and other segment items on an interim and annual basis. The standard is effective for fiscal years beginning after December 15, 2023 and for interim periods beginning after December 15, 2024. The Company is evaluating the impact of the changes to its existing disclosures.
In December 2023, the FASB issued ASU 2023-09, “Improvements to Income Tax Disclosures.” ASU 2023-09 requires disclosure of specific categories in the income tax rate reconciliation and requires additional information for reconciling items that meet a quantitative threshold. The standard requires an annual disclosure of income taxes paid, net of refunds received, disaggregated by federal, state and foreign taxes and to disaggregate the information by jurisdiction based on a quantitative threshold. The standard is effective for fiscal years beginning after December 15, 2024 and early adoption is permitted. The Company does not expect the adoption of the standard to have a material impact on its disclosures.

Note 2 – Earnings per Share
Basic earnings per common share are computed by dividing net income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share are based on the
11
weighted-average number of common shares outstanding during each period, plus common share equivalents, calculated for share-based awards outstanding using the treasury stock method.

For the three and six months ended June 30, 2024, options to purchase shares of the Company’s common stock totaling 327,805 and 328,166, respectively, were anti-dilutive. For the three and six months ended June 30, 2023, options to purchase shares of the Company’s common stock totaling 400,998 and 368,169, respectively, were anti-dilutive.
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in thousands, except per share data)2024202320242023
Basic earnings per share  
Net income$30,244 $31,249 $56,250 $43,076 
Average common shares outstanding84,341 85,022 84,260 82,600 
Net income per share$0.36 $0.37 $0.67 $0.52 
Diluted earnings per share
Net income$30,244 $31,249 $56,250 $43,076 
Average common shares outstanding84,341 85,022 84,260 82,600 
Add: Dilutive effect of employee restricted stock and stock options475 514 539 660 
Average diluted shares outstanding84,816 85,536 84,799 83,260 
Net income per share$0.36 $0.37 $0.66 $0.52 

Note 3 – Securities
The amortized cost, gross unrealized gains and losses and fair value of securities available-for-sale (“AFS”) and held-to-maturity (“HTM”) at June 30, 2024 and December 31, 2023 are summarized as follows:
 June 30, 2024
(In thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross Unrealized
Losses		Fair
Value
Available-for-Sale Debt Securities   
U.S. Treasury securities and obligations of U.S. government agencies$52,081 $84 $(526)$51,639 
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities1,410,486 930 (197,486)1,213,930 
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities315,649 1,508 (17,993)299,164 
Private mortgage-backed securities and collateralized mortgage obligations131,251 60 (10,633)120,678 
Collateralized loan obligations267,780 662 (82)268,360 
Obligations of state and political subdivisions7,316 — (1,362)5,954 
Other debt securities7,389 90 — 7,479 
Totals$2,191,952 $3,334 $(228,082)$1,967,204 
Held-to-Maturity Debt Securities
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities$568,957 $— $(119,883)$449,074 
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities89,098 — (10,845)78,253 
Totals$658,055 $— $(130,728)$527,327 
12
 December 31, 2023
(In thousands)Amortized
Cost		Gross Unrealized
Gains		Gross Unrealized
Losses		Fair
Value
Available-for-Sale Debt Securities    
U.S. Treasury securities and obligations of U.S. government agencies$37,718 $205 $(478)$37,445 
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities1,152,753 780 (184,152)969,381 
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities385,013 2,824 (19,565)368,272 
Private mortgage-backed securities and collateralized mortgage obligations135,878 36 (10,911)125,003 
Collateralized loan obligations300,855 11 (1,411)299,455 
Obligations of state and political subdivisions10,486 — (1,096)9,390 
Other debt securities26,599 576 (101)27,074 
Totals$2,049,302 $4,432 $(217,714)$1,836,020 
Held-to-Maturity Debt Securities
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities$590,676 $— $(111,746)$478,930 
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities89,637 — (10,208)79,429 
Totals$680,313 $— $(121,954)$558,359 
During each of the three months ended June 30, 2024 and June 30, 2023, there were no sales of securities. During the six months ended June 30, 2024, debt securities with a fair value of $86.8 million were sold, with gross losses of $3.8 million. During the six months ended June 30, 2023, debt securities with a fair value of $22.1 million obtained in the acquisition of Professional Holding Corp. (“Professional”) were sold. No gain or loss was recognized on the sale. There were $8.4 million in other sales of securities during the six months ended June 30, 2023, with gross gains of $24 thousand and gross losses of $19 thousand. Included in “Securities (losses) gains, net” are decreases of $44 thousand and $0.2 million, respectively, for the three and six months ended June 30, 2024, and decreases of $0.2 million and $0.1 million, respectively, for the three and six months ended June 30, 2023 in the value of investments in mutual funds that invest in Community Reinvestment Act (“CRA”)-qualified debt securities.
At June 30, 2024, debt securities with a fair value of $1.5 billion were pledged primarily as collateral for public deposits and secured borrowings.
The amortized cost and fair value of securities as of June 30, 2024, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because prepayments of the underlying collateral for these securities may occur, due to the right to call or repay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
13
 Held-to-MaturityAvailable-for-Sale
(In thousands)Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due in less than one year$— $— $1,175 $1,172 
Due after one year through five years— — 5,916 5,879 
Due after five years through ten years— — 29,891 29,763 
Due after ten years— — 22,415 20,779 
 — — 59,397 57,593 
Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities568,957 449,074 1,410,486 1,213,930 
Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities89,098 78,253 315,649 299,164 
Private mortgage-backed securities and collateralized mortgage obligations— — 131,251 120,678 
Collateralized loan obligations— — 267,780 268,360 
Other debt securities— — 7,389 7,479 
Totals