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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Summary of Required Regulatory Capital
At December 31, 2019 and 2018, the Company and Seacoast Bank, its wholly-owned banking subsidiary, were both considered "well capitalized" based on the applicable U.S. regulatory capital ratio requirements as reflected in the table below:
 
 
 
 
 
 
Minimum to meet "Well Capitalized" Requirements
Minimum for Capital Adequacy
Purpose1
 
(Dollars in thousands)
 
Amount
 
Ratio
 
Amount
 
 
Ratio
Amount
 
 
Ratio
 
Seacoast Banking Corporation of Florida
 
 

 
 

 
 
 
 
 
 

 
 
 

 
(Consolidated)
 
 

 
 

 
 
 
 
 
 

 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
At December 31, 2019:
 
 

 
 

 
 
 
 
 
 

 
 
 

 
Total Risk-Based Capital Ratio (to risk-weighted assets)
 
$
860,934

 
15.71
%
 
n/a

 
 
n/a

$
438,506

 
8.00
%
 
Tier 1 Capital Ratio (to risk-weighted assets)
 
825,640

 
15.06

 
n/a

 
 
n/a

328,880

 
6.00

 
Common Equity Tier 1 Capital Ratio (to risk-weighted assets)
 
754,555

 
13.77

 
n/a

 
 
n/a

246,660

 
4.50

 
Leverage Ratio (to adjusted average assets)
 
825,640

 
12.20

 
n/a

 
 
n/a

270,788

 
4.00

 
At December 31, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Risk-Based Capital Ratio (to risk-weighted assets)
 
$
744,687

 
14.43
%
 
n/a

 
 
n/a

$
412,754

 
8.00
%
 
Tier 1 Capital Ratio (to risk-weighted assets)
 
712,144

 
13.80

 
n/a

 
 
n/a

309,566

 
6.00

 
Common Equity Tier 1 Capital Ratio (to risk-weighted assets)
 
641,340

 
12.43

 
n/a

 
 
n/a

232,174

 
4.50

 
Leverage Ratio (to adjusted average assets)
 
712,144

 
11.16

 
n/a

 
 
n/a

255,167

 
4.00

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Seacoast National Bank
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(A Wholly Owned Bank Subsidiary)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
At December 31, 2019:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Risk-Based Capital Ratio (to risk-weighted assets)
 
$
804,058

 
14.68
%
 
$
547,440

 
10.00
%
$
437,952

 
8.00
%
 
Tier 1 Capital Ratio (to risk-weighted assets)
 
768,764

 
14.04

 
437,952

 
8.00

328,464

 
6.00

 
Common Equity Tier 1 Capital Ratio (to risk-weighted assets)
 
768,764

 
14.04

 
355,836

 
6.50

246,348

 
4.50

 
Leverage Ratio (to adjusted average assets)
 
768,764

 
11.38

 
337,787

 
5.00

270,230

 
4.00

 
At December 31, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Risk-Based Capital Ratio (to risk-weighted assets)
 
$
701,093

 
13.60
%
 
$
515,607

 
10.00
%
$
412,486

 
8.00
%
 
Tier 1 Capital Ratio (to risk-weighted assets)
 
668,550

 
12.97

 
412,486

 
8.00

309,364

 
6.00

 
Common Equity Tier 1 Capital Ratio (to risk-weighted assets)
 
668,550

 
12.97

 
335,145

 
6.50

232,023

 
4.50

 
Leverage Ratio (to adjusted average assets)
 
668,550

 
10.49

 
318,795

 
5.00

255,036

 
4.00

 
1Excludes the Basel III capital conservation buffer of 2.5% for 2019 and 1.875% for 2018, which if not exceeded may constrain dividends, equity repurchases and compensation.
n/a - not applicable