XML 80 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Interest received $ 78,564us-gaap_ProceedsFromInterestReceived $ 73,849us-gaap_ProceedsFromInterestReceived $ 78,119us-gaap_ProceedsFromInterestReceived
Fees and commissions received 24,689us-gaap_ProceedsFromFeesReceived 24,168us-gaap_ProceedsFromFeesReceived 20,814us-gaap_ProceedsFromFeesReceived
Interest paid (4,508)us-gaap_InterestPaid (5,584)us-gaap_InterestPaid (9,003)us-gaap_InterestPaid
Cash paid to suppliers and employees (81,268)us-gaap_PaymentsToSuppliersAndEmployees (65,405)us-gaap_PaymentsToSuppliersAndEmployees (71,016)us-gaap_PaymentsToSuppliersAndEmployees
Income taxes received (paid) (239)us-gaap_IncomeTaxesPaidNet (157)us-gaap_IncomeTaxesPaidNet 2us-gaap_IncomeTaxesPaidNet
Origination of loans designated held for sale (188,952)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale (208,998)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale (188,064)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale
Sale of loans designated held for sale 190,706sbcf_SaleOfLoansDesignatedHeldForSale 231,187sbcf_SaleOfLoansDesignatedHeldForSale 167,921sbcf_SaleOfLoansDesignatedHeldForSale
Net change in other assets 2,954us-gaap_IncreaseDecreaseInOtherOperatingAssets 792us-gaap_IncreaseDecreaseInOtherOperatingAssets (835)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Net cash provided (used) by operating activities 21,946us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 49,852us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (2,062)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
CASH FLOWS FROM INVESTING ACTIVITIES      
Maturities of securities available for sale 92,499us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 155,627us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 133,651us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Maturities of securities held for investment 16,138us-gaap_ProceedsFromSaleOfLoansAndLeasesHeldForInvestment 0us-gaap_ProceedsFromSaleOfLoansAndLeasesHeldForInvestment 6,395us-gaap_ProceedsFromSaleOfLoansAndLeasesHeldForInvestment
Proceeds from sale of securities available for sale 21,527us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 67,330us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 256,102us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
Purchases of securities available for sale (280,137)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (230,118)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (384,120)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Purchases of securities held for investment (65,340)us-gaap_PaymentsToAcquireHeldToMaturitySecurities 0us-gaap_PaymentsToAcquireHeldToMaturitySecurities (500)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Net new loans and principal payments (154,772)us-gaap_PaymentsForProceedsFromLoansAndLeases (88,039)us-gaap_PaymentsForProceedsFromLoansAndLeases (54,633)us-gaap_PaymentsForProceedsFromLoansAndLeases
Proceeds from sale of loans 0us-gaap_ProceedsFromSaleOfLoansHeldForSale 379us-gaap_ProceedsFromSaleOfLoansHeldForSale 0us-gaap_ProceedsFromSaleOfLoansHeldForSale
Proceeds from the sale of other real estate owned 4,066us-gaap_ProceedsFromSaleOfForeclosedAssets 8,843us-gaap_ProceedsFromSaleOfForeclosedAssets 18,369us-gaap_ProceedsFromSaleOfForeclosedAssets
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank Stock 2,423us-gaap_ProceedsFromSaleOfFederalReserveStock 943us-gaap_ProceedsFromSaleOfFederalReserveStock 296us-gaap_ProceedsFromSaleOfFederalReserveStock
Purchase of Federal Home Loan Bank and Federal Reserve Bank Stock (6,425)us-gaap_PaymentsToAcquireFederalReserveStock (1,303)us-gaap_PaymentsToAcquireFederalReserveStock (142)us-gaap_PaymentsToAcquireFederalReserveStock
Purchase of bank owned life insurance (30,000)us-gaap_PaymentsToAcquireLifeInsurancePolicies 0us-gaap_PaymentsToAcquireLifeInsurancePolicies 0us-gaap_PaymentsToAcquireLifeInsurancePolicies
Net cash from bank acquisition 110,996us-gaap_CashAcquiredFromAcquisition 0us-gaap_CashAcquiredFromAcquisition 0us-gaap_CashAcquiredFromAcquisition
Additions to bank premises and equipment (6,083)sbcf_AdditionsToBankPremisesAndEquipment (2,817)sbcf_AdditionsToBankPremisesAndEquipment (3,839)sbcf_AdditionsToBankPremisesAndEquipment
Net cash (used) by investing activities (295,111)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (89,155)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (28,421)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 93,446us-gaap_IncreaseDecreaseInDeposits 47,085us-gaap_IncreaseDecreaseInDeposits 40,223us-gaap_IncreaseDecreaseInDeposits
Net increase in federal funds purchased and repurchase agreements 63,852us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet 14,507us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet 551us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
Net change in borrowed funds 0us-gaap_NetChangeContractHoldersFunds 0us-gaap_NetChangeContractHoldersFunds 0us-gaap_NetChangeContractHoldersFunds
Issuance of common stock, net of related expense 24,637us-gaap_ProceedsFromIssuanceOfCommonStock 46,977us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock
Repurchase of stock warrants, including related expense 0us-gaap_PaymentsForRepurchaseOfWarrants 0us-gaap_PaymentsForRepurchaseOfWarrants (81)us-gaap_PaymentsForRepurchaseOfWarrants
Stock based employee benefit plans 142us-gaap_EmployeeBenefitsAndShareBasedCompensation 190us-gaap_EmployeeBenefitsAndShareBasedCompensation 196us-gaap_EmployeeBenefitsAndShareBasedCompensation
Redemption of preferred stock 0us-gaap_PaymentsForRepurchaseOfRedeemablePreferredStock (50,000)us-gaap_PaymentsForRepurchaseOfRedeemablePreferredStock 0us-gaap_PaymentsForRepurchaseOfRedeemablePreferredStock
Dividends paid on preferred shares 0us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (2,819)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (2,500)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Net cash provided by financing activities 182,080us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 55,940us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 38,389us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents (91,085)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 16,637us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 7,906us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 191,624us-gaap_CashAndCashEquivalentsAtCarryingValue 174,987us-gaap_CashAndCashEquivalentsAtCarryingValue 167,081us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year $ 100,539us-gaap_CashAndCashEquivalentsAtCarryingValue $ 191,624us-gaap_CashAndCashEquivalentsAtCarryingValue $ 174,987us-gaap_CashAndCashEquivalentsAtCarryingValue