XML 47 R25.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information | Note 14 - Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information Balance Sheets
|  | December 31,
(In thousands) |  | 2024 |  | 2023
Assets |  |  |  |
Cash |  | $ | 96 |  |  | $ | 466 |
Securities purchased under agreement to resell with subsidiary bank, maturing within 30 days |  | 95,734 |  |  | 101,191 |
Investment in subsidiaries |  | 2,190,338 |  |  | 2,109,341 |
Other assets |  | 5,879 |  |  | 4,837 |
|  | $ | 2,292,047 |  |  | $ | 2,215,835 |
Liabilities and Shareholders' Equity |  |  |  |
Long-term debt |  | $ | 106,966 |  |  | $ | 106,302 |
Other liabilities |  | 1,941 |  |  | 1,551 |
Shareholders' equity |  | 2,183,140 |  |  | 2,107,982 |
|  | $ | 2,292,047 |  |  | $ | 2,215,835 |
Statements of Income
|  | Year Ended December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Income |  |  |  |  |  |
Interest/other |  | $ | 3,547 |  |  | $ | 3,573 |  |  | $ | 897 |
Dividends from subsidiary Bank |  | 59,600 |  |  | 40,655 |  |  | 48,424 |
Total income |  | 63,147 |  |  | 44,228 |  |  | 49,321 |
Interest expense |  | 7,668 |  |  | 7,408 |  |  | 3,090 |
Other expenses |  | 779 |  |  | 996 |  |  | 1,023 |
Total expenses |  | 8,447 |  |  | 8,404 |  |  | 4,113 |
Income before income taxes and equity in undistributed income of subsidiaries |  | 54,700 |  |  | 35,824 |  |  | 45,208 |
Income tax benefit |  | (1,029) |  |  | (1,015) |  |  | (675) |
Income before equity in undistributed income of subsidiaries |  | 55,729 |  |  | 36,839 |  |  | 45,883 |
Equity in undistributed income of subsidiaries |  | 65,257 |  |  | 67,194 |  |  | 60,624 |
Net income |  | $ | 120,986 |  |  | $ | 104,033 |  |  | $ | 106,507 |
Statements of Cash Flows
|  | Year Ended December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Cash flows from operating activities |  |  |  |  |  |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Net Income |  | $ | 120,986 |  |  | $ | 104,033 |  |  | $ | 106,507 |
Equity in undistributed income of subsidiaries |  | (65,257) |  |  | (67,194) |  |  | (60,624) |
Net increase in other assets |  | (1,042) |  |  | (3,029) |  |  | (13,823) |
Net increase in other liabilities |  | 1,056 |  |  | 22,646 |  |  | 499 |
Net cash provided by operating activities |  | 55,743 |  |  | 56,456 |  |  | 32,559 |
Cash flows from investing activities |  |  |  |  |  |
Net cash from bank acquisitions |  | — |  |  | 10,237 |  |  | 17,610 |
Net advances with subsidiary |  | 5,471 |  |  | 270 |  |  | (13,300) |
Net cash provided by investment activities |  | 5,471 |  |  | 10,507 |  |  | 4,310 |
Cash flows from financing activities |  |  |  |  |  |
Dividends paid |  | (61,649) |  |  | (60,591) |  |  | (41,242) |
Stock based employment benefit plans |  | 945 |  |  | 4,904 |  |  | 4,374 |
Repurchase of common stock |  | (880) |  |  | (10,868) |  |  | — |
Net cash used in financing activities |  | (61,584) |  |  | (66,555) |  |  | (36,868) |
Net change in cash |  | (370) |  |  | 408 |  |  | 1 |
Cash at beginning of year |  | 466 |  |  | 58 |  |  | 57 |
Cash at end of year |  | $ | 96 |  |  | $ | 466 |  |  | $ | 58 |
Supplemental disclosure of cash flow information: |  |  |  |  |  |
Cash paid during the period for interest |  | $ | 5,511 |  |  | $ | 5,315 |  |  | $ | 2,890 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration