Borrowings (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

A significant portion of the Company's short-term borrowings were comprised of securities sold under agreements to repurchase with overnight maturities:

	For the Year Ended December 31,
(In thousands)	2020			2019			2018
Maximum amount outstanding at any month end	$	119,609		$	193,388		$	341,213
Weighted average interest rate at end of year	0.16		%	1.17		%	1.14		%
Average amount outstanding	$	84,514		$	106,142		$	200,839
Weighted average interest rate during the year	0.33		%	1.35		%	0.90		%

Schedule of Collateral Dependent Loans

The following table presents collateral-dependent loans as of:

(In thousands)	December 31, 2020		December 31, 2019
Construction and land development	$	189	$	4,926
Commercial real estate - owner-occupied	11,992		2,571
Commercial real estate - non-owner occupied	7,285		3,152
Residential real estate	16,652		11,550
Commercial and financial	11,198		4,338
Consumer	586		141
Totals	$	47,902	$	26,678

Company securities pledged were as follows by collateral type and maturity as of:

	December 31,
(In thousands)	2020		2019		2018
Fair value of pledged securities - overnight and continuous:
Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities	$	137,268	$	94,354	$	246,829

Schedule of Junior Subordinated Debentures and Related Trust Preferred and Common Equity Securities

The following table summarizes the Company's junior subordinated debentures and related trust preferred and common equity securities as of December 31, 2020:

(In thousands)
Description	Issuance Date	Acquisition Date1	Maturity Date	Junior Subordinated Debt		Trust Preferred Securities		Common Equity Securities		Contractual Interest Rate	Interest Rate at December 31, 2020
SBCF Capital Trust I	3/31/2005	n/a	3/31/2035	$	20,619	$	20,000	$	619	3 month LIBOR +175bps	2.00%
SBCF Statutory Trust II	12/16/2005	n/a	12/16/2035	20,619		20,000		619		3 month LIBOR +133bps	1.55%
SBCF Statutory Trust III	6/29/2007	n/a	6/15/2037	12,372		12,000		372		3 month LIBOR +135bps	1.57%
BANKshares, Inc. Statutory Trust I	12/19/2002	10/1/2014	12/26/2032	5,155		5,000		155		3 month LIBOR +325bps	3.50%
BANKshares, Inc. Statutory Trust II	3/17/2004	10/1/2014	3/17/2034	4,124		4,000		124		3 month LIBOR +279bps	3.02%
BANKshares, Inc. Capital Trust I	12/15/2005	10/1/2014	12/15/2035	5,155		5,000		155		3 month LIBOR +139bps	1.60%
Grand Bank Capital Trust I	10/29/2004	7/17/2015	10/29/2034	7,217		7,000		217		3 month LIBOR +198bps	2.20%
				$	75,261	$	73,000	$	2,261
1Acquired junior subordinated debentures were recorded at their acquisition date fair values, which collectively was $5.6 million lower than face value; this amount is being amortized into interest expense over the remaining term to maturity.