Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

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)	2021			2020			2019
Maximum amount outstanding at any month end	$	124,101		$	119,609		$	193,388
Weighted average interest rate at end of year	0.12		%	0.16		%	1.17		%
Average amount outstanding	$	113,881		$	84,514		$	106,142
Weighted average interest rate during the year	0.12		%	0.33		%	1.35		%

Schedule of Collateral Dependent Loans

The following table presents collateral-dependent loans as of:

(In thousands)	December 31, 2021		December 31, 2020
Construction and land development	$	271	$	189
Commercial real estate - owner-occupied	4,706		11,992
Commercial real estate - non-owner occupied	4,923		7,285
Residential real estate	16,334		16,652
Commercial and financial	8,741		11,198
Consumer	741		586
Totals	$	35,716	$	47,902

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

	December 31,
(In thousands)	2021		2020		2019
Fair value of pledged securities - overnight and continuous:
Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities	$	134,577	$	137,268	$	94,354

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, 2021:

(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, 2021
SBCF Capital Trust I	3/31/2005	n/a	3/31/2035	$	20,619	$	20,000	$	619	3 month LIBOR +175bps	1.97%
SBCF Statutory Trust II	12/16/2005	n/a	12/16/2035	20,619		20,000		619		3 month LIBOR +133bps	1.53%
SBCF Statutory Trust III	6/29/2007	n/a	6/15/2037	12,372		12,000		372		3 month LIBOR +135bps	1.55%
BANKshares, Inc. Statutory Trust I	12/19/2002	10/1/2014	12/26/2032	5,155		5,000		155		3 month LIBOR +325bps	3.47%
BANKshares, Inc. Statutory Trust II	3/17/2004	10/1/2014	3/17/2034	4,124		4,000		124		3 month LIBOR +279bps	3.01%
BANKshares, Inc. Capital Trust I	12/15/2005	10/1/2014	12/15/2035	5,155		5,000		155		3 month LIBOR +139bps	1.55%
Grand Bank Capital Trust I	10/29/2004	7/17/2015	10/29/2034	7,217		7,000		217		3 month LIBOR +198bps	2.11%
				$	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.