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Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information (Tables)
 12 Months Ended
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Summary of Balance Sheet
Balance Sheets
 
 
December 31,
(In thousands)
 
2019
 
2018
Assets
 
 

 
 

Cash
 
$
70

 
$
197

Securities purchased under agreement to resell with subsidiary bank, maturing within 30 days
 
52,979

 
40,130

Investment in subsidiaries
 
1,005,756

 
897,683

Other assets
 
1,515

 
777

 
 
$
1,060,320

 
$
938,787

 
 
 
 
 
Liabilities and Shareholders' Equity
 
 
 
 
Subordinated debt
 
$
71,085

 
$
70,804

Other liabilities
 
3,700

 
3,716

Shareholders' equity
 
985,535

 
864,267

 
 
$
1,060,320

 
$
938,787
Summary of Statements of Income (Loss)
Statements of Income (Loss)
 
 
Year Ended December 31,
(In thousands)
 
2019
 
2018
 
2017
Income
 
 

 
 

 
 

Interest/other
 
$
679

 
$
484

 
$
2,104

Dividends from subsidiary Bank
 
—

 
—

 
—

Gain on sale of Visa Class B stock
 
—

 
—

 
15,153

 
 
679

 
484

 
17,257

 
 
 
 
 
 
 
Interest expense
 
3,368

 
3,165

 
2,499

Other expenses
 
651

 
879

 
649

(Loss) income before income taxes and equity in undistributed income of subsidiaries
 
(3,340
)
 
(3,560
)
 
14,109

Income tax (benefit) provision
 
(702
)
 
(747
)
 
4,938

 
 
 
 
 
 
 
(Loss) Income before equity in undistributed income of subsidiaries
 
(2,638
)
 
(2,813
)
 
9,171

Equity in undistributed income of subsidiaries
 
101,377

 
70,088

 
33,694

Net income
 
$
98,739

 
$
67,275

 
$
42,865
Summary of Statement of Cash Flows
Statements of Cash Flows
 
 
Year Ended December 31,
(In thousands)
 
2019
 
2018
 
2017
Cash flows from operating activities
 
 

 
 

 
 

Adjustments to reconcile net income to net cash provided
by operating activities:
 
 

 
 

 
 

Net Income
 
$
98,739

 
$
67,275

 
$
42,865

Equity in undistributed income of subsidiaries
 
(101,377
)
 
(70,088
)
 
(33,694
)
Gain on sale of Visa Class B stock
 
—

 
—

 
(15,153
)
Net (increase) decrease in other assets
 
(738
)
 
(10,045
)
 
1,415

Net increase (decrease) in other liabilities
 
265

 
(3,431
)
 
4,005

Net cash provided by (used in) operating activities
 
(3,111
)
 
(16,289
)
 
(562
)
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
 
 
 
 
Net cash paid for bank acquisition
 
—

 
(6,558
)
 
(27,862
)
Investment in unconsolidated subsidiary
 
(10
)
 
—

 
—

Purchase of Visa Class B stock
 
—

 
—

 
(6,180
)
Proceeds from sale of Visa Class B stock
 
—

 
21,333

 
—

Dividends from bank subsidiary
 
18,082

 
—

 
—

(Increase) decrease in securities purchased under agreement to resell, maturing within 30 days, net
 
(12,849
)
 
(421
)
 
(20,475
)
Net cash provided by (used in) investment activities
 
5,223

 
14,354

 
(54,517
)
 
 
 
 
 
 
 
Cash flows from financing activities
 
 
 
 
 
 
Issuance of common stock, net of related expense
 
—

 
—

 
55,641

Stock based employment benefit plans
 
(2,239
)
 
978

 
(56
)
Net cash provided by financing activities
 
(2,239
)
 
978

 
55,585

 
 
 
 
 
 
 
Net change in cash
 
(127
)
 
(957
)
 
506

Cash at beginning of year
 
197

 
1,154

 
648

Cash at end of year
 
$
70

 
$
197

 
$
1,154

 
 
 
 
 
 
 
Supplemental disclosure of cash flow information:
 
 
 
 
 
 
Cash paid during the period for interest
 
$
3,186

 
$
2,936

 
$
2,205