XML 157 R98.htm IDEA: XBRL DOCUMENT v3.24.0.1
Business Combinations - Narrative (Details)
$ in Thousands
12 Months Ended
Jan. 31, 2023
USD ($)
branch
Oct. 07, 2022
USD ($)
branch
Jan. 03, 2022
USD ($)
branch
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Business Acquisition [Line Items]              
Goodwill       $ 732,417 $ 480,319 $ 252,154 $ 221,176
Fair value of options and warrants converted       10,300 10,400 4,700  
Allowance for credit losses       148,931 113,895 83,315 $ 92,733
Acquisition costs       $ 33,200 27,900 $ 7,900  
Stock options              
Business Acquisition [Line Items]              
Fair value of options and warrants converted         $ 10,400    
Professional Holding Corp.              
Business Acquisition [Line Items]              
Number of branches acquired | branch 9            
Percentage of common stock acquired 100.00%            
Exchange ratio (in shares) 0.8909            
Goodwill $ 251,674            
Fair value of options and warrants converted 10,304            
Allowance for credit losses 45,500            
Measurement Period Adjustments, Loans (5,544)            
Professional Holding Corp. | Stock options              
Business Acquisition [Line Items]              
Fair value of options and warrants converted 10,300            
Professional Holding Corp. | PCD Loans              
Business Acquisition [Line Items]              
Allowance for credit losses at acquisition 18,879            
Professional Holding Corp. | Acquired Non-PCD Loans              
Business Acquisition [Line Items]              
Allowance for credit losses $ 26,600            
Apollo Bancshares, Inc.              
Business Acquisition [Line Items]              
Number of branches acquired | branch   5          
Exchange ratio (in shares)   1.006529          
Goodwill   $ 90,488          
Fair value of options and warrants converted   6,530          
Allowance for credit losses   7,800          
Measurement Period Adjustments, Loans   $ 0          
Minority interest portion, number of Seacoast stock for each share of stock converted (in shares)   1.195651          
Apollo Bancshares, Inc. | PCD Loans              
Business Acquisition [Line Items]              
Allowance for credit losses at acquisition   $ 2,658          
Apollo Bancshares, Inc. | Acquired Non-PCD Loans              
Business Acquisition [Line Items]              
Allowance for credit losses   $ 5,100          
Drummond Banking Company              
Business Acquisition [Line Items]              
Number of branches acquired | branch   18          
Percentage of common stock acquired   100.00%          
Exchange ratio (in shares)   51.9561          
Goodwill   $ 103,649          
Allowance for credit losses   12,500          
Measurement Period Adjustments, Loans   0          
Goodwill, nondeductible for tax purposes   103,600          
Drummond Banking Company | PCD Loans              
Business Acquisition [Line Items]              
Allowance for credit losses at acquisition   2,566          
Drummond Banking Company | Acquired Non-PCD Loans              
Business Acquisition [Line Items]              
Allowance for credit losses   $ 9,900          
Business Bank of Florida              
Business Acquisition [Line Items]              
Number of branches acquired | branch     1        
Percentage of common stock acquired     100.00%        
Exchange ratio (in shares)     0.7997        
Goodwill     $ 7,962        
Fair value of options and warrants converted     497        
Allowance for credit losses     1,800        
Goodwill, nondeductible for tax purposes     8,000        
Business Bank of Florida | Stock options | Seacoast 2021 Incentive Plan              
Business Acquisition [Line Items]              
Fair value of options and warrants converted     500        
Business Bank of Florida | PCD Loans              
Business Acquisition [Line Items]              
Allowance for credit losses     15        
Allowance for credit losses at acquisition     15        
Business Bank of Florida | Acquired Non-PCD Loans              
Business Acquisition [Line Items]              
Allowance for credit losses     $ 1,800        
Sabal Palm Bancorp, Inc.              
Business Acquisition [Line Items]              
Number of branches acquired | branch     3        
Percentage of common stock acquired     100.00%        
Exchange ratio (in shares)     0.2203        
Goodwill     $ 26,489        
Fair value of options and warrants converted     3,336        
Allowance for credit losses     3,400        
Goodwill, nondeductible for tax purposes     26,500        
Sabal Palm Bancorp, Inc. | Stock options | Seacoast 2021 Incentive Plan              
Business Acquisition [Line Items]              
Fair value of options and warrants converted     3,300        
Sabal Palm Bancorp, Inc. | PCD Loans              
Business Acquisition [Line Items]              
Allowance for credit losses     37        
Allowance for credit losses at acquisition     37        
Sabal Palm Bancorp, Inc. | Acquired Non-PCD Loans              
Business Acquisition [Line Items]              
Allowance for credit losses     $ 3,400