(Parent Company Only) Financial Information

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Only Financial Information

Note O - Seacoast Banking Corporation of Florida

(Parent Company Only) Financial Information

Balance Sheets

	December 31,
	2017		2016
	(In thousands)
ASSETS
Cash	$	1,154	$	648
Securities purchased under agreement to resell with subsidiary bank, maturing within 30 days		33,151		12,676
Investment in subsidiaries		711,973		494,809
Other assets		21,337		1,211
	$	767,615	$	509,344
LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated debt	$	70,521	$	70,241
Other liabilities		7,430		3,706
Shareholders' equity		689,664		435,397
	$	767,615	$	509,344

Statements of Income (Loss)

	Year Ended December 31
	2017		2016		2015
	(In thousands)
Income
Interest/other	$	2,104	$	352	$	115
Dividends from subsidiary Bank		0		0		0
Gain on sale of VISA stock		15,153		0		0
		17,257		352		115
Interest expense		2,499		2,115		1,671
Other expenses		649		462		317
Income (loss) before income taxes and equity in undistributed income of subsidiaries		14,109		(2,225)		(1,873)
Income tax provision (benefit) benefit		4,938		(801)		(661)
Income (loss) before equity in undistributed income of subsidiaries		9,171		(1,424)		(1,212)
Equity in undistributed income of subsidiaries		33,694		30,626		23,353
Net income	$	42,865	$	29,202	$	22,141

Statements of Cash Flows

	Year Ended December 31
	2017		2016		2015
	(In thousands)
Cash flows from operating activities
Adjustments to reconcile net income to net cash provided
by operating activities:
Net Income	$	42,865	$	29,202	$	22,141
Equity in undistributed income of subsidiaries		(33,694)		(30,626)		(23,353)
Gain on sale of VISA stock		(15,153)		0		0
Net (increase) decrease in other assets		1,415		(12)		10
Net increase (decrease) in other liabilities		4,005		12		(48)
Net cash used in operating activities		(562)		(1,424)		(1,250)
Cash flows from investing activities
Net cash paid for bank acquisition		(27,862)		(28,905)		0
Investment in unconsolidated subsidiary		0		(200)		0
Investment in VISA stock		(6,180)		0		0
Decrease (increase) in securities purchased under agreement to resell, maturing within 30 days, net		(20,475)		30,647		(5,487)
Net cash provided by (used in) investment activities		(54,517)		1,542		(5,487)
Cash flows from financing activities
Issuance of common stock, net of related expense		55,641		0		0
Subordinated debt increase		0		0		6,494
Stock based employment plans		(56)		166		127
Net cash provided by financing activities		55,585		166		6,621
Net change in cash		506		284		(116)
Cash at beginning of year		648		364		480
Cash at end of year	$	1,154	$	648	$	364
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	$	2,205	$	1,824	$	1,487