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SBCF Seacoast Banking Corp. Of Florida

Cover Page

Cover Page3 Months Ended
Mar. 31, 2021shares
Cover [Abstract]
Document Type10-Q
Document Quarterly Reporttrue
Document Period End DateMar. 31,
2021
Document Transition Reportfalse
Entity File Number0-13660
Entity Registrant NameSeacoast Banking Corporation of Florida
Entity Incorporation, State or Country CodeFL
Entity Tax Identification Number59-2260678
Entity Address, Address Line One815 COLORADO AVENUE,
Entity Address, City or TownSTUART
Entity Address, State or ProvinceFL
Entity Address, Postal Zip Code34994
City Area Code(772)
Local Phone Number287-4000
Title of 12(b) SecurityCommon Stock
Trading SymbolSBCF
Security Exchange NameNASDAQ
Entity Current Reporting StatusYes
Entity Interactive Data CurrentYes
Entity Filer CategoryLarge Accelerated Filer
Entity Small Businessfalse
Entity Emerging Growth Companyfalse
Entity Shell Companyfalse
Entity Common Stock, Shares Outstanding55,294,320
Amendment Flagfalse
Document Fiscal Year Focus2021
Document Fiscal Period FocusQ1
Entity Central Index Key0000730708
Current Fiscal Year End Date--12-31

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Income Statement [Abstract]
Interest and fees on loans $ 62,298 $ 63,440
Interest and dividends on securities6,446 8,818
Interest on interest bearing deposits and other investments586 734
Total Interest Income69,330 72,992
Interest on deposits1,065 3,190
Interest on time certificates1,187 4,768
Interest on borrowed money468 1,857
Total Interest Expense2,720 9,815
Net Interest Income66,610 63,177
Provision for credit losses(5,715)29,513
Net Interest Income after Provision for Credit Losses72,325 33,664
Noninterest income
Other income17,785 14,669
Securities (losses) gains, net(114)19
Total Noninterest Income (Note I – Noninterest Income and Expense)17,671 14,688
Total Noninterest Expenses (Note I – Noninterest Income and Expense)46,120 47,798
Income Before Income Taxes43,876 554
Provision (benefit) for income taxes10,157 (155)
Net Income $ 33,719 $ 709
Share Data
Net income per share of common stock - diluted (in dollars per share) $ 0.60 $ 0.01
Net income per share of common stock - basic (in dollars per share) $ 0.61 $ 0.01
Average common shares outstanding - diluted (in shares)55,992 52,284
Average common shares outstanding - basic (in shares)55,271 51,803

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net Income $ 33,719 $ 709
Available-for-sale securities:
Unrealized (losses) gains on available-for-sale securities, net of tax benefit of $3.1 million and tax expense of $26 thousand for the three months ended March 31, 2021 and 2020, respectively(10,851)130
Amortization of unrealized losses on securities transferred to held-to-maturity, net of tax expenses of $6 thousand and $12 thousand for the three months ended March 31, 2021 and 2020, respectively24 47
Reclassification adjustment for losses included in net income, net of tax benefit of $22 thousand for the three months ended March 31, 20200 117
Available-for-sale securities, net of tax(10,827)294
Unrealized losses on derivatives designated as cash flow hedges, net of reclassifications to income, net of tax benefit of $47 thousand for the three months ended March 31, 2021(138)0
Total other comprehensive (loss) income(10,965)294
Comprehensive Income $ 22,754 $ 1,003

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Unrealized (losses) gains on available-for-sale securities, tax (benefit) expense $ (3,100) $ 26
Amortization of unrealized losses on securities transferred to held-to-maturity, tax expense6 12
Reclassification adjustment for losses included in net income, tax benefit $ 22
Unrealized losses on cash flow hedging derivatives, net of reclassifications, tax benefit $ 47

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Assets
Cash and due from banks $ 89,123 $ 86,630
Interest bearing deposits with other banks890,202 317,458
Total cash and cash equivalents979,325 404,088
Time deposits with other banks750 750
Debt securities:
Securities available-for-sale (at fair value)1,051,396 1,398,157
Securities held-to-maturity (fair value $500.7 million at March 31, 2021 and $192.2 million at December 31, 2020)512,307 184,484
Total debt securities1,563,703 1,582,641
Loans held for sale (at fair value)60,924 68,890
Loans5,661,492 5,735,349
Less: Allowance for credit losses(86,643)(92,733)
Loans, net of allowance for credit losses5,574,849 5,642,616
Bank premises and equipment, net70,385 75,117
Other real estate owned15,549 12,750
Goodwill221,176 221,176
Other intangible assets, net15,382 16,745
Bank owned life insurance132,634 131,776
Net deferred tax assets24,497 23,629
Other assets152,646 162,214
Total Assets8,811,820 8,342,392
Liabilities
Deposits7,385,749 6,932,561
Securities sold under agreements to repurchase, maturing within 30 days109,171 119,609
Subordinated debt71,436 71,365
Other liabilities90,115 88,455
Total Liabilities7,656,471 7,211,990
Shareholders' Equity
Common stock, par value $0.10 per share, authorized 120,000,000 shares, issued 55,647,636 and outstanding 55,294,320 at March 31, 2021, and authorized 120,000,000, issued 55,584,979 and outstanding 55,243,226 shares at December 31, 20205,529 5,524
Other shareholders' equity1,149,820 1,124,878
Total Shareholders' Equity1,155,349 1,130,402
Total Liabilities and Shareholders' Equity $ 8,811,820 $ 8,342,392

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Statement of Financial Position [Abstract]
Held to maturity, fair value $ 500,720 $ 192,179
Common stock, par value (in dollars per share) $ 0.10 $ 0.10
Common stock, shares authorized (in shares)120,000,000 120,000,000
Common stock, shares issued (in shares)55,647,636 55,584,979
Common stock, shares outstanding (in shares)55,294,320 55,243,226

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Cash Flows from Operating Activities
Net income $ 33,719 $ 709
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation1,440 1,511
Amortization of premiums and discounts on securities, net2,362 989
Amortization of operating lease right-of-use assets1,102 1,274
Other amortization and accretion, net(4,437)(1,531)
Stock based compensation1,759 2,000
Origination of loans designated for sale(163,863)(73,223)
Sale of loans designated for sale177,516 66,126
Provision for credit losses(5,715)29,513
Deferred income taxes2,320 2,207
Losses on sale of securities0 95
Gains on sale of loans(5,570)(2,138)
Gains on sale and write-downs of other real estate owned(167)(415)
Losses on disposition of fixed assets and write-downs upon transfer of bank premises to other real estate owned315 219
Changes in operating assets and liabilities, net of effects from acquired companies:
Net decrease (increase) in other assets4,658 (6,245)
Net increase in other liabilities1,659 3,595
Net cash provided by operating activities47,098 24,686
Cash Flows from Investing Activities
Maturities and repayments of debt securities available-for-sale155,860 82,715
Maturities and repayments of debt securities held-to-maturity43,291 8,894
Proceeds from sale of debt securities available-for-sale0 27,765
Purchases of debt securities available-for-sale(36,512)(74,213)
Purchases of debt securities held-to-maturity(160,031)0
Net new loans and principal repayments79,353 25,154
Proceeds from sale of other real estate owned1,340 3,736
Additions to other real estate owned(654)0
Proceeds from sale of FHLB and Federal Reserve Bank Stock2,704 27,923
Purchase of FHLB and Federal Reserve Bank Stock(55)(26,227)
Net cash from bank acquisition0 33,883
Additions to bank premises and equipment(341)(570)
Net cash provided by investing activities84,955 109,060
Cash Flows from Financing Activities
Net increase in deposits453,188 129,005
Net decrease in repurchase agreements(10,438)(21,398)
Net decrease in FHLB borrowings with original maturities of three months or less0 (170,000)
Proceeds from FHLB borrowings with original maturities of more than three months0 120,000
Stock based employee benefit plans434 (1,010)
Dividends paid0 0
Net cash provided by financing activities443,184 56,597
Net increase in cash and cash equivalents575,237 190,343
Cash and cash equivalents at beginning of period404,088 124,531
Cash and cash equivalents at end of period979,325 314,874
Supplemental disclosure of cash flow information:
Cash paid during the period for interest3,695 10,259
Cash paid during the period for taxes0 0
Recognition of operating lease right-of-use assets0 33
Recognition of operating lease liabilities0 33
Supplemental disclosure of non-cash investing activities:
Transfer of debt securities from available-for-sale to held-to-maturity210,805 0
Transfers from loans to other real estate owned0 5,571
Transfers from bank premises to other real estate owned $ 3,318 $ 0

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in ThousandsTotalCommon StockPaid-in CapitalRetained EarningsTreasury StockAccumulated Other Comprehensive Income (Loss)Cumulative change in accounting principle upon adoption of new accounting pronouncementCumulative change in accounting principle upon adoption of new accounting pronouncementRetained Earnings
Beginning balance (in shares) at Dec. 31, 201951,514
Beginning balance at Dec. 31, 2019 $ 985,639 $ 5,151 $ 786,242 $ 195,813 $ (6,032) $ 4,465 $ (16,876) $ (16,876)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income1,003 709 294
Stock based compensation expense2,000 2,000
Common stock transactions related to stock based employee benefit plans (in shares)115
Common stock transactions related to stock based employee benefit plans(1,410) $ 12 (32)(1,390)
Common stock issued for stock options (in shares)37
Common stock issued for stock options400 $ 4 396
Issuance of common stock, pursuant to acquisition (in shares)1,043
Issuance of common stock, pursuant to acquisition21,031 $ 104 20,927
Increase (decrease) in shares during period (in shares)1,195
Increase (decrease) in stockholders' equity during period6,148 $ 120 23,291 (16,167)(1,390)294
Ending balance (in shares) at Mar. 31, 202052,709
Ending balance at Mar. 31, 2020991,787 $ 5,271 809,533 179,646 (7,422)4,759
Beginning balance (in shares) at Dec. 31, 202055,243
Beginning balance at Dec. 31, 20201,130,402 $ 5,524 856,092 256,701 (8,285)20,370
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income22,754 33,719 (10,965)
Stock based compensation expense1,759 1,759
Common stock transactions related to stock based employee benefit plans (in shares)20
Common stock transactions related to stock based employee benefit plans(406) $ 2 (408)
Common stock issued for stock options (in shares)31
Common stock issued for stock options840 $ 3 837
Increase (decrease) in shares during period (in shares)51
Increase (decrease) in stockholders' equity during period24,947 $ 5 2,596 33,719 (408)(10,965)
Ending balance (in shares) at Mar. 31, 202155,294
Ending balance at Mar. 31, 2021 $ 1,155,349 $ 5,529 $ 858,688 $ 290,420 $ (8,693) $ 9,405

Basis of Presentation

Basis of Presentation3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Basis of PresentationBasis of Presentation Basis of Presentation: The accompanying unaudited condensed consolidated financial statements of Seacoast Banking Corporation of Florida and its subsidiaries (the "Company") have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Certain prior period amounts have been reclassified to conform to the current period presentation. Operating results for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021 or any other period. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Use of Estimates: The preparation of these condensed consolidated financial statements requires management to make judgments in the application of certain accounting policies that involve significant estimates and assumptions. The Company has established policies and control procedures that are intended to ensure valuation methods are well controlled and applied consistently from period to period. These estimates and assumptions, which may materially affect the reported amounts of certain assets, liabilities, revenues and expenses, are based on information available as of the date of the financial statements, and changes in this information over time and the use of revised estimates and assumptions could materially affect amounts reported in subsequent financial statements. Specific areas, among others, requiring the application of management’s estimates include determination of the allowance for credit losses, acquisition accounting and purchased loans, intangible assets and impairment testing, other fair value measurements and contingent liabilities.

Recently Issued Accounting Stan

Recently Issued Accounting Standards, Not Yet Adopted3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Recently Issued Accounting Standards, Not Yet AdoptedRecently Issued Accounting Standards, Not Yet AdoptedNone this period.

Earnings per Share

Earnings per Share3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings per ShareEarnings per Share Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the period. For the three months ended March 31, 2021, no options to purchase shares of the Company's common stock were anti-dilutive, compared to 489,000 shares that were excluded in the computation of diluted earnings per share for the three months ended March 31, 2020. Three Months Ended March 31, (Dollars in thousands, except per share data) 2021 2020 Basic earnings per share Net income $ 33,719 $ 709 Average common shares outstanding 55,271 51,803 Net income per share $ 0.61 $ 0.01 Diluted earnings per share Net income $ 33,719 $ 709 Average common shares outstanding 55,271 51,803 Add: Dilutive effect of employee restricted stock and stock options 721 481 Average diluted shares outstanding 55,992 52,284 Net income per share $ 0.60 $ 0.01

Securities

Securities3 Months Ended
Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
SecuritiesSecurities The amortized cost, gross unrealized gains and losses and fair value of securities available-for-sale and held-to-maturity at March 31, 2021 and December 31, 2020 are summarized as follows: March 31, 2021 (In thousands) Amortized Gross Gross Unrealized Fair Debt securities available-for-sale U.S. Treasury securities and obligations of U.S. government agencies $ 7,686 $ 334 $ (2) $ 8,018 Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities 746,409 14,584 (6,774) 754,219 Private mortgage-backed securities and collateralized mortgage obligations 80,156 1,989 (261) 81,884 Collateralized loan obligations 172,392 239 (160) 172,471 Obligations of state and political subdivisions 32,914 1,943 (53) 34,804 Totals $ 1,039,557 $ 19,089 $ (7,250) $ 1,051,396 Debt securities held-to-maturity Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities $ 512,307 $ 5,539 $ (17,126) $ 500,720 Totals $ 512,307 $ 5,539 $ (17,126) $ 500,720 December 31, 2020 (In thousands) Amortized Gross Unrealized Gross Unrealized Fair Debt securities available-for-sale U.S. Treasury securities and obligations of U.S. government agencies $ 8,250 $ 528 $ (1) $ 8,777 Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities 1,038,437 23,457 (1,240) 1,060,654 Private mortgage-backed securities and collateralized mortgage obligations 89,284 2,131 (210) 91,205 Collateralized loan obligations 202,563 279 (647) 202,195 Obligations of state and political subdivisions 33,005 2,321 — 35,326 Totals $ 1,371,539 $ 28,716 $ (2,098) $ 1,398,157 Debt securities held-to-maturity Mortgage-backed securities of U.S. government-sponsored entities $ 184,484 $ 7,818 $ (123) $ 192,179 Totals $ 184,484 $ 7,818 $ (123) $ 192,179 No securities were sold during the three months ended March 31, 2021. For the three months ended March 31, 2020, proceeds from sales of securities were $27.8 million, which resulted in gross gains of $0.1 million and gross losses of $0.2 million. Also included in “Securities gains (losses), net” is a decrease of $0.1 million for the three months ended March 31, 2021 and an increase of $0.1 million for the three months ended March 31, 2020 in the value of a CRA-qualified mutual fund. During the three months ended March 31, 2021, the Company reclassified debt securities with an amortized cost of $210.8 million from available-for-sale to held-to-maturity, as it has the ability and intent to hold these securities to maturity. These securities had net unrealized gains of $0.8 million at the date of transfer, which will continue to be reported in accumulated other comprehensive income, and will be amortized over the remaining life of the securities as an adjustment of yield. The effect on interest income of the amortization of net unrealized gains is offset by the amortization of the premium on the securities transferred. At March 31, 2021, debt securities with a fair value of $350.5 million were pledged primarily as collateral for public deposits and secured borrowings. The amortized cost and fair value of debt securities held-to-maturity and available-for-sale at March 31, 2021, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because prepayments of the underlying collateral for these securities may occur, due to the right to call or repay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. Held-to-Maturity Available-for-Sale (In thousands) Amortized Fair Amortized Fair Due in less than one year $ — $ — $ 435 $ 437 Due after one year through five years — — 12,400 13,310 Due after five years through ten years — — 8,113 8,464 Due after ten years — — 19,652 20,611 — — 40,600 42,822 Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities 512,307 500,720 746,409 754,219 Private mortgage-backed securities and collateralized mortgage obligations — — 80,156 81,884 Collateralized loan obligations — — 172,392 172,471 Totals $ 512,307 $ 500,720 $ 1,039,557 $ 1,051,396 The estimated fair value of a security is determined based on market quotations when available or, if not available, by using quoted market prices for similar securities, pricing models or discounted cash flows analyses, or using observable market data. The tables below indicate the fair value of available-for-sale debt securities with unrealized losses for which no allowance for credit losses has been recorded. March 31, 2021 Less Than 12 Months 12 Months or Longer Total (In thousands) Fair Unrealized Fair Unrealized Fair Unrealized U.S. Treasury securities and obligations of U.S. government agencies $ — $ — $ 253 $ (2) $ 253 $ (2) Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities 314,851 (6,725) 4,888 (49) 319,739 (6,774) Private mortgage-backed securities and collateralized mortgage obligations 18,752 (236) 2,029 (25) 20,781 (261) Collateralized loan obligations 125,035 (88) 28,435 (72) 153,470 (160) Obligations of state and political subdivisions 4,982 (53) — — 4,982 (53) Totals $ 463,620 $ (7,102) $ 35,605 $ (148) $ 499,225 $ (7,250) December 31, 2020 Less Than 12 Months 12 Months or Longer Total (In thousands) Fair Unrealized Fair Unrealized Fair Unrealized U.S. Treasury securities and obligations of U.S. government agencies $ — $ — $ 256 $ (1) $ 256 $ (1) Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities 203,405 (1,218) 569 (22) 203,974 (1,240) Private mortgage-backed securities and collateralized mortgage obligations 23,997 (210) — — 23,997 (210) Collateralized loan obligations 104,697 (102) 72,513 (545) 177,210 (647) Totals $ 332,099 $ (1,530) $ 73,338 $ (568) $ 405,437 $ (2,098) At March 31, 2021, the Company had $6.8 million of unrealized losses on mortgage-backed securities and collateralized mortgage obligations issued by government-sponsored entities having a fair value of $319.7 million. These securities are either explicitly or implicitly guaranteed by the U.S. government and have a long history of no credit losses. The implied government guarantee of principal and interest payments and the high credit rating of the portfolio provide sufficient basis for the current expectation that there is no risk of loss if default were to occur. Based on the assessment of all relevant factors, the Company believes that the unrealized loss positions on these debt securities are a function of changes in investment spreads and interest rate movements and not changes in credit quality, and expects to recover the entire amortized cost basis of these securities. Therefore, at March 31, 2021, no allowance for credit losses has been recorded. At March 31, 2021, the Company had $0.3 million of unrealized losses on private label residential and commercial mortgage-backed securities and collateralized mortgage obligations having a fair value of $20.8 million. The collateral underlying these mortgage investments is primarily residential real estate. The securities have average credit support of 31%. Based on the assessment of all relevant factors, the Company believes that the unrealized loss positions on these debt securities are a function of changes in investment spreads and interest rate movements and not changes in credit quality, and expects to recover the entire amortized cost basis of these securities. Therefore, at March 31, 2021, no allowance for credit losses has been recorded. At March 31, 2021, the Company had $0.2 million in unrealized losses in uncapped 3-month LIBOR floating rate collateralized loan obligations ("CLOs") having a fair value of $153.5 million. CLOs are special purpose vehicles and those in which the Company has invested acquire nearly all first-lien, broadly syndicated corporate loans across a diversified band of industries while providing support to senior tranche investors. As of March 31, 2021, these positions are in AAA and AA tranches, with average credit support of 27% and 24%, respectively. The Company evaluates the securities for potential credit losses by modeling expected loan-level defaults, recoveries, and prepayments for each CLO security. Based on the assessment of all relevant factors, the Company believes that the unrealized loss positions on these debt securities are a function of changes in investment spreads and interest rate movements and not changes in credit quality, and expects to recover the entire amortized cost basis of these securities. Therefore, at March 31, 2021, no allowance for credit losses has been recorded. All HTM debt securities are issued by government-sponsored entities, which are either explicitly or implicitly guaranteed by the U.S. government and have a long history of no credit losses. While the potential for default on these securities may be something greater than zero, the long history with no credit losses, the implied government guarantee of principal and interest payments and the high credit rating of the HTM portfolio provide sufficient basis for the current expectation that there is no risk of loss if default were to occur. As a result, as of March 31, 2021, no allowance for credit losses has been recorded. Included in other assets at March 31, 2021 is $31.2 million of Federal Home Loan Bank and Federal Reserve Bank stock stated at par value. The Company has not identified events or changes in circumstances that may have a significant adverse effect on the fair value of these cost method investment securities. Also included in other assets is a $6.4 million investment in a CRA-qualified mutual fund carried at fair value. Accrued interest receivable on AFS and HTM debt securities of $2.6 million and $0.8 million at March 31, 2021, respectively, and $3.2 million and $0.4 million at December 31, 2020, respectively, is also included in other assets.

Loans

Loans3 Months Ended
Mar. 31, 2021
Receivables [Abstract]
LoansLoans Loans held for investment are categorized into the following segments: • Construction and land development: Loans are extended to both commercial and consumer customers which are collateralized by and for the purpose of funding land development and construction projects, including 1-4 family residential construction, multi-family property and non-farm residential property where the primary source of repayment is from proceeds of the sale, refinancing or permanent financing of the property. • Commercial real estate - owner-occupied: Loans are extended to commercial customers for the purpose of acquiring real estate to be occupied by the borrower's business. These loans are collateralized by the subject property and the repayment of these loans is largely dependent on the performance of the company occupying the property. • Commercial real estate - non owner-occupied: Loans are extended to commercial customers for the purpose of acquiring commercial property where occupancy by the borrower is not their primary intent. These loans are viewed primarily as cash flow loans, collateralized by the subject property, and the repayment of these loans is largely dependent on rental income from the successful operation of the property. • Residential real estate: Loans are extended to consumer customers and collateralized primarily by 1-4 family residential properties and include fixed and variable rate mortgages, home equity mortgages, and home equity lines of credit. Loans are primarily written based on conventional loan agency guidelines, including loans that exceed agency value limitations. Sources of repayment may be from the occupant of the residential property or from cash flows on rental income from the successful operation of the property. • Commercial and financial: Loans are extended to commercial customers. The purpose of the loans can be working capital, physical asset expansion, asset acquisition or other business purposes. Loans may be collateralized by assets owned by the borrower or the borrower's business. Commercial loans are based primarily on the historical and projected cash flow of the borrower's business and secondarily on the capacity of credit enhancements, guarantees and underlying collateral provided by the borrower. • Consumer: Loans are extended to consumer customers. The segment includes both installment loans and lines of credit which may be collateralized or non-collateralized. • Paycheck Protection Program ("PPP"): Loans originated under a temporary program established by the CARES Act, and extended by the Economic Aid Act. Under the terms of the program, balances may be forgiven if the borrower uses the funds in a manner consistent with the program guidelines, and repayment is guaranteed by the U.S. government. The following tables present net loan balances by segment as of: March 31, 2021 (In thousands) Portfolio Loans Acquired Non-PCD Loans PCD Loans Total Construction and land development $ 206,627 $ 18,465 $ 2,025 $ 227,117 Commercial real estate - owner-occupied 868,347 225,785 38,953 1,133,085 Commercial real estate - non owner-occupied 1,116,362 294,128 27,875 1,438,365 Residential real estate 1,088,822 149,762 7,965 1,246,549 Commercial and financial 760,975 84,309 15,529 860,813 Consumer 167,778 5,900 232 173,910 Paycheck Protection Program 547,308 34,345 — 581,653 Totals $ 4,756,219 $ 812,694 $ 92,579 $ 5,661,492 December 31, 2020 (In thousands) Portfolio Loans Acquired Non-PCD Loans PCD Loans Total Construction and land development $ 216,420 $ 26,250 $ 2,438 $ 245,108 Commercial real estate - owner occupied 854,769 247,090 39,451 1,141,310 Commercial real estate - non-owner occupied 1,043,459 323,273 29,122 1,395,854 Residential real estate 1,155,914 176,105 10,609 1,342,628 Commercial and financial 743,846 94,627 16,280 854,753 Consumer 181,797 6,660 278 188,735 Paycheck Protection Program 515,532 51,429 — 566,961 Totals $ 4,711,737 $ 925,434 $ 98,178 $ 5,735,349 The amortized cost basis of loans at March 31, 2021 included net deferred costs of $23.8 million on non-PPP portfolio loans and net deferred fees of $13.5 million on PPP loans. At December 31, 2020, the amortized cost basis included net deferred costs of $22.6 million on non-PPP portfolio loans and net deferred fees of $9.5 million on PPP loans. At March 31, 2021, the remaining fair value adjustments on acquired loans were $27.3 million, or 2.9% of the outstanding acquired loan balances, compared to $30.2 million, or 2.9% of the acquired loan balances at December 31, 2020. These amounts are accreted into interest income over the remaining lives of the related loans on a level yield basis. Accrued interest receivable is included within Other Assets and was $20.9 million and $25.8 million at March 31, 2021 and December 31, 2020, respectively. The following tables present the status of net loan balances as of March 31, 2021 and December 31, 2020. Loans on short-term payment deferral at the reporting date are reported as current. March 31, 2021 (In thousands) Current Accruing Accruing Accruing Nonaccrual Total Portfolio Loans Construction and land development $ 206,473 $ — $ — $ — $ 154 $ 206,627 Commercial real estate - owner-occupied 865,373 732 — — 2,242 868,347 Commercial real estate - non owner-occupied 1,114,278 — — — 2,084 1,116,362 Residential real estate 1,073,848 4,344 1,078 720 8,832 1,088,822 Commercial and financial 755,349 1,144 36 1 4,445 760,975 Consumer 166,587 768 — — 423 167,778 Paycheck Protection Program 547,308 — — — — 547,308 Total Portfolio Loans $ 4,729,216 $ 6,988 $ 1,114 $ 721 $ 18,180 $ 4,756,219 Acquired Non-PCD Loans Construction and land development $ 18,465 $ — $ — $ — $ — $ 18,465 Commercial real estate - owner-occupied 223,758 — — — 2,027 225,785 Commercial real estate - non owner-occupied 293,148 — — — 980 294,128 Residential real estate 145,347 596 104 — 3,715 149,762 Commercial and financial 83,671 — — — 638 84,309 Consumer 5,900 — — — — 5,900 Paycheck Protection Program 34,345 — — — — 34,345 Total Acquired Non-PCD Loans $ 804,634 $ 596 $ 104 $ — $ 7,360 $ 812,694 PCD Loans Construction and land development $ 2,017 $ — $ — $ — $ 8 $ 2,025 Commercial real estate - owner-occupied 36,057 — — — 2,896 38,953 Commercial real estate - non owner-occupied 23,068 — — — 4,807 27,875 Residential real estate 6,899 — — — 1,066 7,965 Commercial and financial 14,518 — — — 1,011 15,529 Consumer 232 — — — — 232 Total PCD Loans $ 82,791 $ — $ — $ — $ 9,788 $ 92,579 Total Loans $ 5,616,641 $ 7,584 $ 1,218 $ 721 $ 35,328 $ 5,661,492 December 31, 2020 (In thousands) Current Accruing Accruing Accruing Nonaccrual Total Portfolio Loans Construction and land development $ 216,262 $ — $ — $ — $ 158 $ 216,420 Commercial real estate - owner occupied 851,222 1,076 — — 2,471 854,769 Commercial real estate - non-owner occupied 1,041,306 — — — 2,153 1,043,459 Residential real estate 1,142,893 3,002 1,427 61 8,531 1,155,914 Commercial and financial 737,362 135 1,967 — 4,382 743,846 Consumer 180,879 203 138 2 575 181,797 Paycheck Protection Program 515,532 — — — — 515,532 Total Portfolio Loans $ 4,685,456 $ 4,416 $ 3,532 $ 63 $ 18,270 $ 4,711,737 Acquired Non-PCD Loans Construction and land development $ 26,250 $ — $ — $ — $ — $ 26,250 Commercial real estate - owner occupied 244,486 — — — 2,604 247,090 Commercial real estate - non-owner occupied 322,264 — — — 1,009 323,273 Residential real estate 171,507 1,605 104 — 2,889 176,105 Commercial and financial 93,223 216 — — 1,188 94,627 Consumer 6,640 20 — — — 6,660 Paycheck Protection Program 51,429 — — — — 51,429 Total Acquired Non-PCD Loans $ 915,799 $ 1,841 $ 104 $ — $ 7,690 $ 925,434 PCD Loans Construction and land development $ 2,429 $ — $ — $ — $ 9 $ 2,438 Commercial real estate - owner occupied 36,345 — — — 3,106 39,451 Commercial real estate - non-owner occupied 24,200 — — — 4,922 29,122 Residential real estate 9,537 — — — 1,072 10,609 Commercial and financial 15,121 125 — — 1,034 16,280 Consumer 271 — — — 7 278 Total PCD Loans $ 87,903 $ 125 $ — $ — $ 10,150 $ 98,178 Total Loans $ 5,689,158 $ 6,382 $ 3,636 $ 63 $ 36,110 $ 5,735,349 All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest subsequently received on such loans is accounted for under the cost-recovery method, whereby interest income is not recognized until the loan balance is reduced to zero. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, and future payments are reasonably assured. The Company recognized $0.2 million and $0.3 million in interest income on nonaccrual loans during the three months ended March 31, 2021 and 2020, respectively. The following tables present net balances of loans on nonaccrual status and the related allowance for credit losses, if any, as of: March 31, 2021 (In thousands) Nonaccrual Loans With No Related Allowance Nonaccrual Loans With an Allowance Total Nonaccrual Loans Allowance for Credit Losses Construction and land development $ 144 $ 18 $ 162 $ 7 Commercial real estate - owner-occupied 6,891 274 7,165 274 Commercial real estate - non owner-occupied 3,946 3,925 7,871 1,746 Residential real estate 11,592 2,021 13,613 1,123 Commercial and financial 3,751 2,343 6,094 1,620 Consumer 51 372 423 87 Totals $ 26,375 $ 8,953 $ 35,328 $ 4,857 December 31, 2020 (In thousands) Nonaccrual Loans With No Related Allowance Nonaccrual Loans With an Allowance Total Nonaccrual Loans Allowance for Credit Losses Construction and land development $ 148 $ 19 $ 167 $ 8 Commercial real estate - owner-occupied 7,893 288 8,181 287 Commercial real estate - non owner-occupied 5,666 2,418 8,084 1,640 Residential real estate 9,520 2,972 12,492 1,587 Commercial and financial 3,175 3,429 6,604 2,235 Consumer 222 360 582 75 Totals $ 26,624 $ 9,486 $ 36,110 $ 5,832 Collateral-Dependent Loans Loans are considered collateral-dependent when the repayment, based on the Company's assessment as of the reporting date, is expected to be provided substantially through the operation or sale of the underlying collateral and there are no other available and reliable sources of repayment. The following table presents collateral-dependent loans as of: (In thousands) March 31, 2021 December 31, 2020 Construction and land development $ 181 $ 189 Commercial real estate - owner-occupied 11,503 11,992 Commercial real estate - non owner-occupied 7,114 7,285 Residential real estate 17,460 16,652 Commercial and financial 10,475 11,198 Consumer 424 586 Totals $ 47,157 $ 47,902 Loans by Risk Rating The Company utilizes an internal asset classification system as a means of identifying problem and potential problem loans. The following classifications are used to categorize loans under the internal classification system: • Pass: Loans that are not problem loans or potential problem loans are considered to be pass-rated. • Special Mention: Loans that do not currently expose the Company to sufficient risk to warrant classification in the Substandard or Doubtful categories, but possess weaknesses that deserve management's close attention are deemed to be Special Mention. • Substandard: Loans with the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. • Substandard Impaired: Loans typically placed on nonaccrual and considered to be collateral-dependent or accruing TDRs. • Doubtful: Loans that have all the weaknesses inherent in those classified Substandard with the added characteristic that the weakness present makes collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The principal balance of loans classified as doubtful are likely to be charged off. The following tables present the risk rating of loans by year of origination as of: March 31, 2021 (In thousands) 2021 2020 2019 2018 2017 Prior Revolving Total Construction and Land Development Risk Ratings: Pass $ 11,721 $ 61,751 $ 41,791 $ 27,743 $ 12,069 $ 24,206 $ 37,615 $ 216,896 Special Mention — — — 8,486 — 262 — 8,748 Substandard — — — — — 1,212 — 1,212 Substandard Impaired — — — — 37 224 — 261 Doubtful — — — — — — — — Total $ 11,721 $ 61,751 $ 41,791 $ 36,229 $ 12,106 $ 25,904 $ 37,615 $ 227,117 Commercial real estate - owner-occupied Risk Ratings: Pass $ 39,915 $ 153,127 $ 195,476 $ 150,551 $ 132,555 $ 412,493 $ 13,064 $ 1,097,181 Special Mention — 5,891 1,839 1,294 — 8,202 — 17,226 Substandard — — — — 4,152 5,423 — 9,575 Substandard Impaired — — 2,952 716 1,862 3,573 — 9,103 Doubtful — — — — — — — — Total $ 39,915 $ 159,018 $ 200,267 $ 152,561 $ 138,569 $ 429,691 $ 13,064 $ 1,133,085 Commercial real estate - non owner-occupied Risk Ratings: Pass $ 79,711 $ 161,211 $ 311,098 $ 188,793 $ 111,807 $ 510,852 $ 9,084 $ 1,372,556 Special Mention — — 430 9,443 16,575 9,800 — 36,248 Substandard — — — 9,708 — 11,981 — 21,689 Substandard Impaired — — 2,397 — — 5,475 — 7,872 Doubtful — — — — — — — — Total $ 79,711 $ 161,211 $ 313,925 $ 207,944 $ 128,382 $ 538,108 $ 9,084 $ 1,438,365 Residential real estate Risk Ratings: Pass $ 21,192 $ 118,310 $ 125,666 $ 174,835 $ 175,133 $ 280,387 $ 327,456 $ 1,222,979 Special Mention — 49 — 70 2,069 319 1,579 4,086 Substandard — — — — — 388 40 428 Substandard Impaired — 453 1,053 1,342 4,016 10,291 1,901 19,056 Doubtful — — — — — — — — Total $ 21,192 $ 118,812 $ 126,719 $ 176,247 $ 181,218 $ 291,385 $ 330,976 $ 1,246,549 March 31, 2021 (In thousands) 2021 2020 2019 2018 2017 Prior Revolving Total Commercial and financial Risk Ratings: Pass $ 60,114 $ 218,567 $ 134,501 $ 92,551 $ 56,103 $ 86,551 $ 188,805 $ 837,192 Special Mention — 67 905 919 293 95 436 2,715 Substandard — 153 41 2,536 1,560 3,826 254 8,370 Substandard Impaired — — 4,824 2,970 1,684 2,490 68 12,036 Doubtful 1 — — — 500 — — — 500 Total $ 60,114 $ 218,787 $ 140,271 $ 99,476 $ 59,640 $ 92,962 $ 189,563 $ 860,813 Consumer Risk Ratings: Pass $ 7,025 $ 42,871 $ 37,567 $ 26,482 $ 16,226 $ 27,290 $ 13,534 $ 170,995 Special Mention — — 85 52 25 605 1,276 2,043 Substandard — — — — 16 — 190 206 Substandard Impaired — 27 49 9 62 519 — 666 Doubtful — — — — — — — — Total $ 7,025 $ 42,898 $ 37,701 $ 26,543 $ 16,329 $ 28,414 $ 15,000 $ 173,910 Paycheck Protection Program Risk Ratings: Pass $ 232,438 $ 349,215 $ — $ — $ — $ — $ — $ 581,653 Total $ 232,438 $ 349,215 $ — $ — $ — $ — $ — $ 581,653 Consolidated Risk Ratings: Pass $ 452,116 $ 1,105,052 $ 846,099 $ 660,955 $ 503,893 $ 1,341,779 $ 589,558 $ 5,499,452 Special Mention — 6,007 3,259 20,264 18,962 19,283 3,291 71,066 Substandard — 153 41 12,244 5,728 22,830 484 41,480 Substandard Impaired — 480 11,275 5,037 7,661 22,572 1,969 48,994 Doubtful 1 — — — 500 — — — 500 Total $ 452,116 $ 1,111,692 $ 860,674 $ 699,000 $ 536,244 $ 1,406,464 $ 595,302 $ 5,661,492 1 Loans classified as doubtful are fully reserved as of March 31, 2021. December 31, 2020 (In thousands) 2020 2019 2018 2017 2016 Prior Revolving Total Construction and Land Development Risk Ratings: Pass $ 62,107 $ 52,384 $ 46,067 $ 15,873 $ 7,335 $ 17,873 $ 35,324 $ 236,963 Special Mention 206 245 5,918 — — 1,449 — 7,818 Substandard — — — — — 51 — 51 Substandard Impaired — — — 37 — 239 — 276 Doubtful — — — — — — — — Total $ 62,313 $ 52,629 $ 51,985 $ 15,910 $ 7,335 $ 19,612 $ 35,324 $ 245,108 Commercial real estate - owner-occupied Risk Ratings: Pass $ 155,953 $ 198,559 $ 156,276 $ 138,341 $ 148,389 $ 287,772 $ 14,255 $ 1,099,545 Special Mention 5,773 1,858 3,305 — 4,471 4,050 2 19,459 Substandard — — — 4,709 1,955 5,508 — 12,172 Substandard Impaired — 3,151 747 1,362 — 4,874 — 10,134 Doubtful — — — — — — — — Total $ 161,726 $ 203,568 $ 160,328 $ 144,412 $ 154,815 $ 302,204 $ 14,257 $ 1,141,310 December 31, 2020 (In thousands) 2020 2019 2018 2017 2016 Prior Revolving Total Commercial real estate - non owner-occupied Risk Ratings: Pass $ 159,299 $ 313,287 $ 201,112 $ 123,357 $ 175,623 $ 356,943 $ 8,596 $ 1,338,217 Special Mention — 431 9,487 7,580 10,240 114 — 27,852 Substandard — — 9,709 — 8,311 3,682 — 21,702 Substandard Impaired — 2,418 — — 125 5,540 — 8,083 Doubtful — — — — — — — — Total $ 159,299 $ 316,136 $ 220,308 $ 130,937 $ 194,299 $ 366,279 $ 8,596 $ 1,395,854 Residential real estate Risk Ratings: Pass $ 96,819 $ 144,329 $ 204,077 $ 205,046 $ 160,612 $ 159,742 $ 350,502 $ 1,321,127 Special Mention — — 33 720 — 966 479 2,198 Substandard 350 — — 896 — 1,452 100 2,798 Substandard Impaired 109 726 1,520 1,762 715 9,671 2,002 16,505 Doubtful — — — — — — — — Total $ 97,278 $ 145,055 $ 205,630 $ 208,424 $ 161,327 $ 171,831 $ 353,083 $ 1,342,628 Commercial and financial Risk Ratings: Pass $ 214,774 $ 146,511 $ 103,769 $ 60,782 $ 39,692 $ 53,758 $ 204,304 $ 823,590 Special Mention 71 946 965 5,612 67 635 209 8,505 Substandard 154 41 3,016 1,609 553 3,239 764 9,376 Substandard Impaired 317 4,595 3,199 2,292 2,074 704 81 13,262 Doubtful 1 — — — — — — 20 20 Total $ 215,316 $ 152,093 $ 110,949 $ 70,295 $ 42,386 $ 58,336 $ 205,378 $ 854,753 Consumer Risk Ratings: Pass $ 46,476 $ 43,143 $ 30,433 $ 18,937 $ 21,880 $ 9,488 $ 15,089 $ 185,446 Special Mention 58 27 14 41 42 21 1,854 2,057 Substandard — — — 42 4 151 228 425 Substandard Impaired 7 50 193 24 329 183 21 807 Doubtful — — — — — — — — Total $ 46,541 $ 43,220 $ 30,640 $ 19,044 $ 22,255 $ 9,843 $ 17,192 $ 188,735 Paycheck Protection Program Risk Ratings: Pass $ 566,961 $ — $ — $ — $ — $ — $ — $ 566,961 Total $ 566,961 $ — $ — $ — $ — $ — $ — $ 566,961 Consolidated Risk Ratings: Pass $ 1,302,389 $ 898,213 $ 741,734 $ 562,336 $ 553,531 $ 885,576 $ 628,070 $ 5,571,849 Special Mention 6,108 3,507 19,722 13,953 14,820 7,235 2,544 67,889 Substandard 504 41 12,725 7,256 10,823 14,083 1,092 46,524 Substandard Impaired 433 10,940 5,659 5,477 3,243 21,211 2,104 49,067 Doubtful 1 — — — — — — 20 20 Total $ 1,309,434 $ 912,701 $ 779,840 $ 589,022 $ 582,417 $ 928,105 $ 633,830 $ 5,735,349 1 Loans classified as doubtful are fully reserved at December 31, 2020. Loans Modified in Connection with COVID-19 Pandemic The CARES Act, which was signed into law on March 27, 2020, and amended by the Consolidated Appropriations Act on December 27, 2020, encourages financial institutions to practice prudent efforts to work with borrowers financially impacted by the COVID-19 pandemic by providing an option to exclude from TDR consideration certain loan modifications that might otherwise be categorized as TDRs under ASC 310-40. This option is available for modifications that are deemed to be COVID-related, where the borrower was not more than 30 days past due on December 31, 2019, and the modification is executed between March 1, 2020 and the earlier of (i) January 1, 2022 or (ii) 60 days after the end of the COVID-19 national emergency. Federal banking regulators issued similar guidance that also allows lenders to conclude that short-term modifications for borrowers affected by the pandemic should not be considered TDRs if the borrower was current at the time of modification. Seacoast has provided financially impacted borrowers with loan accommodations, primarily consisting of payment deferrals of up to six months. At its peak on June 30, 2020, loans on deferral represented $1.1 billion, or 21% of total non-PPP loans. In the second half of 2020, the large majority of these borrowers successfully resumed making contractual payments, and the level of loans with accommodations decreased to $28.4 million, or 0.6% of total non-PPP loans at March 31, 2021. Types of outstanding accommodations at March 31, 2021 included a combination of one or more of the following: full payment deferral, partial payment deferral, reduction of interest rate, extension of the original maturity date, or re-amortization of the facility. The following table presents the balance of loans with active payment accommodations at the specified dates, excluding PPP loans: (In thousands) March 31, 2021 December 31, 2020 Construction and land development $ 1,037 $ 1,032 Commercial real estate - owner-occupied 2,204 14,248 Commercial real estate - non owner-occupied 8,797 32,549 Residential real estate 5,286 12,839 Commercial and financial 9,949 11,915 Consumer 1,135 1,479 Totals $ 28,408 $ 74,062 Troubled Debt Restructured Loans The Company’s TDR concessions granted to certain borrowers generally do not include forgiveness of principal balances, but may include interest rate reductions, an extension of the amortization period and/or converting the loan to interest only for a limited period of time. Loan modifications are not reported in calendar years after modification if the loans were modified at an interest rate equal to the yields of new loan originations with comparable risk and the loans are performing based on the terms of the restructuring agreements. The following table presents loans that were modified in a troubled debt restructuring during the three months ended: Three Months Ended March 31, 2021 2020 (In thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Construction and land development — $ — $ — — $ — $ — Commercial real estate - owner-occupied — — — — — — Commercial real estate - non owner-occupied — — — — — — Residential real estate 1 27 27 1 45 45 Commercial and financial — — — 4 437 437 Consumer — — — — — — Totals 1 $ 27 $ 27 5 $ 482 $ 482 The TDRs described above resulted in a specific allowance for credit losses of $0.2 million as of March 31, 2021 and $0.1 million as of March 31, 2020. During the three months ended March 31, 2021, there were no defaults on loans that had been modified in TDRs within the preceding twelve months. During the three months ended March 31, 2020, there were three defaults totaling $1.4 million of loans to a single borrower that had been modified to a TDR within the preceding twelve months. The Company considers a loan to have defaulted when it becomes 90 days or more delinquent under the modified terms, has been transferred to nonaccrual status, is charged off or has been transferred to other real estate owned. For loans measured based on the present value of expected future cash flows, $5,000 and $24,000 for the three months ended March 31, 2021, and 2020, respectively, was included in interest income and represents the change in present value attributable to the passage of time.

Allowance for Credit Losses

Allowance for Credit Losses3 Months Ended
Mar. 31, 2021
Receivables [Abstract]
Allowance for Credit LossesAllowance for Credit Losses Activity in the allowance for credit losses is summarized as follows: Three Months Ended March 31, 2021 (In thousands) Beginning Provision Charge- Recoveries TDR Ending Construction and land development $ 4,920 $ (510) $ — $ 18 $ — $ 4,428 Commercial real estate - owner-occupied 9,868 (76) — — — 9,792 Commercial real estate - non owner-occupied 38,266 (2,038) — 1 — 36,229 Residential real estate 17,500 (3,372) — 229 (4) 14,353 Commercial and financial 18,690 775 (756) 207 — 18,916 Consumer 3,489 (494) (185) 116 (1) 2,925 Paycheck Protection Program — — — — — — Totals $ 92,733 $ (5,715) $ (941) $ 571 $ (5) $ 86,643 Three Months Ended March 31, 2020 (In thousands) Beginning Impact of Adoption of ASC 326 Initial Allowance on PCD Loans Acquired During the Period Provision Charge- Recoveries TDR Ending Construction and land development $ 1,842 $ 1,479 $ 48 $ 1,248 $ — $ 29 $ — $ 4,646 Commercial real estate - owner occupied 5,361 80 207 (264) (44) — (13) 5,327 Commercial real estate - non-owner occupied 7,863 9,341 140 18,283 (12) 28 — 35,643 Residential real estate 7,667 5,787 97 6,260 (18) 116 (10) 19,899 Commercial and financial 9,716 3,677 11 2,746 (1,100) 420 — 15,470 Consumer 2,705 862 13 1,240 (473) 80 (1) 4,426 Totals $ 35,154 $ 21,226 $ 516 $ 29,513 $ (1,647) $ 673 $ (24) $ 85,411 Management establishes the allowance using relevant available information from both internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts to project losses over a three-year forecast period. Forecast data is sourced primarily from Moody’s Analytics, a firm widely recognized for its research, analysis, and economic forecasts. For portfolio segments with a weighted average life longer than three years, the Company reverts to longer-term historical loss experience to estimate losses over the remaining life of the loans within each segment. Historical credit losses provide the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, loan to value ratios, borrower credit characteristics, loan seasoning or term as well as for changes in current and forecasted environmental conditions, such as changes in unemployment rates, property values, occupancy rates, and other macroeconomic metrics. As of March 31, 2021, the Company utilized Moody’s most recent “U.S. Macroeconomic Outlook Baseline” scenario and considered the uncertainty associated with the assumptions in the Baseline scenario, including the potential for increasing COVID-19 infections and the resulting potential erosion in consumer confidence, and the risk that government stimulus programs are less effective than expected. Outcomes in any or all of these factors could differ from the Baseline scenario, and the Company incorporated qualitative considerations reflecting the risk of uncertain economic conditions, and for additional dimensions of risk not captured in the quantitative model. In the Construction and Land Development segment, the decrease in reserves during the quarter reflects the impact of lower loan balances within the segment as well as improved economic variables relating to residential real estate and consumer confidence. In this segment, the primary source of repayment is typically from proceeds of the sale, refinancing, or permanent financing of the underlying property; therefore, industry and collateral type and estimated collateral values are among the relevant factors in assessing expected losses. In the Commercial Real Estate - Owner-Occupied segment, the decrease in reserves is the result of lower loan balances within this segment. Risk characteristics include but are not limited to, collateral type, loan seasoning, and lien position. In the Commercial Real Estate - Non Owner-Occupied segment, the decrease in reserves is the result of lower loan balances within this segment, and reflects improved economic forecast variables including lower unemployment and an improvement in expectations for corporate profits over the forecast period. Repayment is often dependent upon rental income from the successful operation of the underlying property. Loan performance may be adversely affected by general economic conditions or conditions specific to the real estate market, including property types. Collateral type, loan seasoning, and lien position are among the risk characteristics analyzed for this segment. The Residential Real Estate segment includes first mortgages secured by residential property, and home equity lines of credit. The decrease in reserves reflects the impact of lower loan balances within the segment, a decrease in reserves on individually evaluated loans, improved economic forecast variables including unemployment and continued strength in the Florida housing market. Risk characteristics considered for this segment include, but are not limited to, collateral type, lien position, loan to value ratios, and loan seasoning. In the Commercial and Financial segment, borrowers are primarily small to medium sized professional firms and other businesses, and loans are generally supported by projected cash flows of the business, collateralized by business assets, and/or guaranteed by the business owners. The increase in reserves corresponds with the increase in loan balances within the segment. Industry, collateral type, estimated collateral values and loan seasoning are among the relevant factors in assessing expected losses. Consumer loans include installment and revolving lines, loans for automobiles, boats, and other personal or family purposes. Risk characteristics considered for this segment include, but are not limited to, collateral type, loan to value ratios, loan seasoning and FICO score. A decrease in the reserve is attributed to lower loan balances and lower unemployment. Balances outstanding under the Paycheck Protection Program are guaranteed by the U.S. government and have not been assigned a reserve. The allowance for credit losses is composed of specific allowances for loans individually evaluated and general allowances for loans grouped into loan pools based on similar characteristics, which are collectively evaluated. The Company’s loan portfolio and related allowance at March 31, 2021 and December 31, 2020 is shown in the following tables: March 31, 2021 Individually Evaluated Collectively Evaluated Total (In thousands) Recorded Associated Recorded Associated Recorded Associated Construction and land development $ 261 $ 11 $ 226,856 $ 4,417 $ 227,117 $ 4,428 Commercial real estate - owner occupied 9,209 422 1,123,876 9,370 1,133,085 9,792 Commercial real estate - non owner-occupied 7,871 1,746 1,430,494 34,483 1,438,365 36,229 Residential real estate 19,057 1,280 1,227,492 13,073 1,246,549 14,353 Commercial and financial 12,536 2,749 848,277 16,167 860,813 18,916 Consumer 667 104 173,243 2,821 173,910 2,925 Paycheck Protection Program — — 581,653 — 581,653 — Totals $ 49,601 $ 6,312 $ 5,611,891 $ 80,331 $ 5,661,492 $ 86,643 December 31, 2020 Individually Evaluated Collectively Evaluated Total (In thousands) Recorded Associated Recorded Associated Recorded Associated Construction and land development $ 276 $ 13 $ 244,832 $ 4,907 $ 245,108 $ 4,920 Commercial real estate - owner occupied 10,243 402 1,131,067 9,466 1,141,310 9,868 Commercial real estate - non owner-occupied 8,083 1,640 1,387,771 36,626 1,395,854 38,266 Residential real estate 16,506 2,064 1,326,122 15,436 1,342,628 17,500 Commercial and financial 13,281 3,498 841,472 15,192 854,753 18,690 Consumer 807 91 187,928 3,398 188,735 3,489 Paycheck Protection Program — — 566,961 — 566,961 — Totals $ 49,196 $ 7,708 $ 5,686,153 $ 85,025 $ 5,735,349 $ 92,733

Derivatives

Derivatives3 Months Ended
Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DerivativesDerivatives Back-to-Back Swaps The Company offers interest rate swaps when requested by customers to allow them to hedge the risk of rising interest rates on their variable rate loans. Upon entering into these swaps, the Company enters into offsetting positions with counterparties in order to minimize the interest rate risk. These back-to-back swaps qualify as freestanding financial derivatives with the fair values reported in other assets and other liabilities. The Company is party to master netting arrangements with its financial institution counterparties; however, the Company does not offset assets and liabilities under the arrangements for financial statement presentation purposes. Gains and losses on these back-to-back swaps, which offset, are recorded through noninterest income. No net gains or losses have been recognized to date on these instruments. As of March 31, 2021, the interest rate swaps had an aggregate notional value of $183.5 million, with a fair value of $10.5 million recorded in other assets and other liabilities. As of December 31, 2020, the interest rate swaps had an aggregate notional value of $182.4 million, with a fair value of $13.3 million recorded in other assets and other liabilities. The weighted average maturity was 7.4 years and 7.5 years as of March 31, 2021 and December 31, 2020, respectively. Interest Rate Floors Designated as Cash Flow Hedges The Company has entered into interest rate floor contracts to mitigate exposure to the variability of future cash flows due to changes in interest rates on certain segments of its variable-rate loans. During 2020, the Company entered into two interest rate floor contracts, each with a notional amount of $150.0 million, maturing in October 2023 and November 2023. The Company considers these derivatives to be highly effective at achieving offsetting changes in cash flows attributable to changes in interest rates and has designated them as cash flow hedges. Therefore, changes in the fair value of these derivative instruments are recognized in other comprehensive income. Amortization of the premium paid on cash flow hedges is recognized in earnings over the term of the hedge in the same caption as the hedged item. For the three months ended March 31, 2021, the Company recognized a loss through other comprehensive income of $0.2 million and reclassified $42,000 out of accumulated other comprehensive income and into interest income. As of March 31, 2021 and December 31, 2020, the interest rate floors had a fair value of $0.8 million and $1.0 million, respectively, recorded in other assets in the consolidated balance sheet. Over the next twelve months the Company expects to reclassify $0.3 million from accumulated other comprehensive income into interest income related to these agreements. (In thousands) Notional Amount Fair Value Balance Sheet Category At March 31, 2021 Back-to-back swaps $ 183,491 $ 10,527 Other Assets and Other Liabilities Interest rate floors 300,000 778 Other Assets At December 31, 2020 Back-to-back swaps $ 182,379 $ 13,339 Other Assets and Other Liabilities Interest rate floors 300,000 1,004 Other Assets

Securities Sold Under Agreement

Securities Sold Under Agreements to Repurchase3 Months Ended
Mar. 31, 2021
Brokers and Dealers [Abstract]
Securities Sold Under Agreements to RepurchaseSecurities Sold Under Agreements to Repurchase Securities sold under agreements to repurchase are accounted for as secured borrowings. For securities sold under agreements to repurchase, the Company is required to pledge collateral with value sufficient to fully collateralized borrowings. Company securities pledged were as follows by collateral type and maturity as of: (In thousands) March 31, 2021 December 31, 2020 Fair value of pledged securities - overnight and continuous: Mortgage-backed securities and collateralized mortgage obligations of U.S. government sponsored entities $ 120,071 $ 137,268

Noninterest Income and Expense

Noninterest Income and Expense3 Months Ended
Mar. 31, 2021
Brokers and Dealers [Abstract]
Noninterest Income and ExpenseNoninterest Income and Expense Details of noninterest income and expenses for the three months ended March 31, 2021 and 2020 are as follows: Three Months Ended March 31, (In thousands) 2021 2020 Noninterest income Service charges on deposit accounts $ 2,338 $ 2,825 Interchange income 3,820 3,246 Wealth management income 2,323 1,867 Mortgage banking fees 4,225 2,208 Marine finance fees 189 146 SBA gains 287 139 BOLI income 859 886 Other income 3,744 3,352 17,785 14,669 Securities (losses) gains, net (114) 19 Total $ 17,671 $ 14,688 Noninterest expense Salaries and wages $ 21,393 $ 23,698 Employee benefits 4,980 4,255 Outsourced data processing costs 4,468 4,633 Telephone/data lines 785 714 Occupancy 3,789 3,353 Furniture and equipment 1,254 1,623 Marketing 1,168 1,278 Legal and professional fees 2,582 3,363 FDIC assessments 526 — Amortization of intangibles 1,211 1,456 Foreclosed property expense and net gain on sale (65) (315) Provision for credit losses on unfunded commitments — 46 Other 4,029 3,694 Total $ 46,120 $ 47,798

Equity Capital

Equity Capital3 Months Ended
Mar. 31, 2021
Equity [Abstract]
Equity CapitalEquity CapitalThe Company is well capitalized and at March 31, 2021, the Company and the Company’s principal banking subsidiary, Seacoast Bank, exceeded the common equity Tier 1 (CET1) capital ratio regulatory threshold of 6.5% for well-capitalized institutions under the Basel III standardized transition approach, as well as risk-based and leverage ratio requirements for well capitalized banks under the regulatory framework for prompt corrective action.

Contingent Liabilities

Contingent Liabilities3 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Contingent LiabilitiesContingent LiabilitiesThe Company and its subsidiaries, because of the nature of their business, are at all times subject to numerous legal actions, threatened or filed. Management presently believes that none of the legal proceedings to which it is a party are likely to have a materially adverse effect on the Company’s consolidated financial condition, operating results or cash flows.

Fair Value

Fair Value3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair ValueFair Value Under ASC Topic 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at March 31, 2021 and December 31, 2020 included: (In thousands) Fair Value Quoted Prices Significant Significant At March 31, 2021 Financial Assets Available-for-sale debt securities 1 $ 1,051,396 $ 199 $ 1,051,197 $ — Derivative financial instruments 2 11,305 — 11,305 — Loans held for sale 2 60,924 — 60,924 — Loans 3 9,929 — 1,368 8,561 Other real estate owned 4 15,549 — 3,390 12,159 Equity securities 5 6,416 6,416 — — Financial Liabilities Derivative financial instruments 2 $ 10,527 $ — $ 10,527 $ — At December 31, 2020 Financial Assets Available-for-sale debt securities 1 $ 1,398,157 $ 101 $ 1,398,056 $ — Derivative financial instruments 2 14,343 — 14,343 — Loans held for sale 2 68,890 — 68,890 — Loans 3 8,806 — 1,900 6,906 Other real estate owned 4 12,750 — 72 12,678 Equity securities 5 6,530 6,530 — — Financial Liabilities Derivative financial instruments 2 $ 13,339 $ — $ 13,339 $ — 1 See “Note D – Securities” for further detail of fair value of individual investment categories. 2 Recurring fair value basis determined using observable market data. 3 S e e “ Note E – Loans .” N onrecurring fair value adjustments to collateral-dependent loans reflect full or partial write-downs that are based on current appraised values of the collateral in accordance with ASC Topic 310. 4 Fair value is measured on a nonrecurring basis in accordance with ASC Topic 360. 5 An investment in shares of a mutual fund that invests primarily in CRA-qualified debt securities, reported at fair value in Other Assets. Recurring fair value basis is determined using market quotations. Available-for-sale debt securities : Level 1 securities consist of U.S. Treasury securities. Other securities are reported at fair value utilizing Level 2 inputs. The estimated fair value of a security is determined based on market quotations when available or, if not available, by using quoted market prices for similar securities, pricing models or discounted cash flow analyses, using observable market data where available. The Company reviews the prices supplied by independent pricing services, as well as their underlying pricing methodologies, for reasonableness and to ensure such prices are aligned with traditional pricing matrices. The fair value of collateralized loan obligations is determined from broker quotes. From time to time, the Company will validate, on a sample basis, prices supplied by the independent pricing service by comparison to prices obtained from other brokers and third-party sources or derived using internal models. Derivative financial instruments : The Company offers interest rate swaps to certain loan customers to allow them to hedge the risk of rising interest rates on their variable rate loans. The Company originates a variable rate loan and enters into a variable-to-fixed interest rate swap with the customer. The Company also enters into an offsetting swap with a correspondent bank. These back-to-back agreements are intended to offset each other and allow the Company to originate a variable rate loan, while providing a contract for fixed interest payments for the customer. The fair value of these derivatives is based on a discounted cash flow approach. Due to the observable nature of the inputs used in deriving the fair value of these derivative contracts, the valuation of interest rate swaps is classified as Level 2. Other derivatives consist of interest rate floors designated as cash flow hedges. The fair values of these instruments are based upon the estimated amount the Company would receive or pay to terminate the instruments, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties. Interest rate floors designated as cash flow hedges are classified within Level 2. Loans held for sale : Fair values are based upon estimated values to be received from independent third party purchasers. These loans are intended for sale and the Company believes that the fair value is the best indicator of the resolution of these loans. Fair market value changes occur due to changes in interest rates, the borrower’s credit, the secondary loan market and the market for a borrower’s debt. Interest income is recorded based on the contractual terms of the loan and in accordance with the Company’s policy on loans held for investment. None of the loans were 90 days or more past due or on nonaccrual as of March 31, 2021 and December 31, 2020. The aggregate fair value and contractual balance of loans held for sale as of March 31, 2021 and December 31, 2020 is as follows: (In thousands) March 31, 2021 December 31, 2020 Aggregate fair value $ 60,924 $ 68,890 Contractual balance 59,387 66,415 Excess 1,537 2,475 Loans : Loans carried at fair value consist of collateral-dependent real estate loans. Fair value is based on recent real estate appraisals less estimated costs of sale. These evaluations may use either a single valuation approach or a combination of approaches, such as comparative sales, cost and/or income approach. A significant unobservable input in the income approach is the estimated capitalization rate for a given piece of collateral. At March 31, 2021 capitalization rates utilized to determine fair value of the underlying collateral averaged approximately 7.2%. Adjustments to comparable sales may be made by an appraiser to reflect local market conditions or other economic factors and may result in changes in the fair value of an asset over time. As such, the fair value of these loans is considered level 3 in the fair value hierarchy. Collateral-dependent loans measured at fair value totaled $9.9 million with a specific reserve of $6.3 million at March 31, 2021, compared to $8.8 million with a specific reserve of $7.7 million at December 31, 2020. For loans classified as Level 3, changes included loan additions of $2.0 million offset by $0.3 million in paydowns and charge-offs for the three months ended March 31, 2021. Other real estate owned : When appraisals are used to determine fair value and the appraisals are based on a market approach, the fair value of other real estate owned (“OREO”) is classified as a Level 2 input. When the fair value of OREO is based on appraisals which require significant adjustments to market-based valuation inputs or apply an income approach based on unobservable cash flows, the fair value of OREO is classified as Level 3. For OREO classified as Level 3 at March 31, 2021, changes during the first quarter of 2021 included additions of $0.7 million offset by sales of $1.2 million. Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstances that caused the transfer, which generally coincides with the Company’s monthly and/or quarterly valuation process. There were no such transfers during the three months ended March 31, 2021 and 2020. The carrying amount and fair value of the Company’s other financial instruments that were not disclosed previously in the balance sheet and for which carrying amount is not fair value as of March 31, 2021 and December 31, 2020 is as follows: (In thousands) Carrying Amount Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs March 31, 2021 Financial Assets Debt securities held-to-maturity 1 $ 512,307 $ — $ 500,720 $ — Time deposits with other banks 750 — 760 — Loans, net 5,651,563 — — 5,608,009 Financial Liabilities Deposit liabilities 7,385,749 — — 7,388,104 Subordinated debt 71,436 — 58,285 — December 31, 2020 Financial Assets Debt securities held-to-maturity 1 $ 184,484 $ — $ 192,179 $ — Time deposits with other banks 750 — 762 — Loans, net 5,633,810 — — 5,686,019 Financial Liabilities Deposit liabilities 6,932,561 — — 6,936,097 Subordinated debt 71,365 — 58,227 — 1 See “Note D – Securities” for further detail of individual investment categories. The short maturity of Seacoast’s assets and liabilities results in having a significant number of financial instruments whose fair value equals or closely approximates carrying value. Such financial instruments are reported in the following balance sheet captions: cash and due from banks, interest bearing deposits with other banks, FHLB borrowings and securities sold under agreements to repurchase, maturing within 30 days. The following methods and assumptions were used to estimate the fair value of each class of financial instrument for which it is practicable to estimate that value at March 31, 2021 and December 31, 2020: Held-to-maturity debt securities : These debt securities are reported at fair value utilizing level 2 inputs. The estimated fair value of a security is determined based on market quotations when available or, if not available, by using quoted market prices for similar securities, pricing models or discounted cash flow analyses, using observable market data where available. The Company reviews the prices supplied by independent pricing services, as well as their underlying pricing methodologies, for reasonableness and to ensure such prices are aligned with traditional pricing matrices. From time to time, the Company will validate, on a sample basis, prices supplied by the independent pricing service by comparison to prices obtained from other brokers and third-party sources or derived using internal models. Loans : Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type, such as commercial or mortgage. Each loan category is further segmented into fixed and adjustable-rate interest terms as well as performing and nonperforming categories. The fair value of loans is calculated by discounting scheduled cash flows through the estimated life including prepayment considerations, using estimated market discount rates that reflect the risks inherent in the loan. The fair value approach considers market-driven variables including credit related factors and reflects an “exit price” as defined in ASC Topic 820. Deposit liabilities : The fair value of demand deposits, savings accounts and money market deposits is the amount payable at the reporting date. The fair value of fixed maturity certificates of deposit is estimated using the rates currently offered for funding of similar remaining maturities.

Business Combinations

Business Combinations3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]
Business CombinationsBusiness Combinations Proposed Acquisition of Legacy Bank of Florida On March 23, 2021, the Company announced that it had entered into an agreement and plan of merger with Legacy Bank of Florida (“Legacy”). Pursuant to the terms of the merger agreement, Legacy, headquartered in Boca Raton, FL, will be merged with and into Seacoast Bank. Legacy operates five branches in Broward and Palm Beach counties in Florida’s largest metropolitan statistical area with $501 million in deposits and $490 million in loans as of March 31, 2021. This acquisition is anticipated to close in the third quarter of 2021, subject to the receipt of approvals from regulatory authorities, the approval of Legacy shareholders and the satisfaction of other customary conditions. Acquisition of Fourth Street Banking Company On August 21, 2020, the Company completed its acquisition of Fourth Street Banking Company (“Fourth Street”). Simultaneously, upon completion of the merger of Fourth Street and the Company, Fourth Street's wholly owned subsidiary bank, Freedom Bank, was merged with and into Seacoast Bank. Prior to the acquisition, Freedom Bank operated two branches in St. Petersburg, Florida. As a result of this acquisition, the Company expects to enhance its presence in St. Petersburg, expand its customer base and leverage operating cost through economies of scale, and positively affect the Company’s operating results. The Company acquired 100% of the outstanding common stock of Fourth Street. Under the terms of the definitive agreement, each share of Fourth Street common stock was converted into the right to receive 0.1275 share of Seacoast common stock. (In thousands, except per share data) August 21, 2020 Number of Fourth Street common shares outstanding 11,220 Shares issued upon conversion of convertible debt 5,405 Per share exchange ratio 0.1275 Number of shares of common stock issued 2,120 Multiplied by common stock price per share on August 21, 2020 $ 19.40 Value of common stock issued 41,121 Cash paid for Fourth Street vested stock options 596 Total purchase price $ 41,717 The acquisition of Fourth Street was accounted for under the acquisition method in accordance with ASC Topic 805, Business Combinations . The Company recognized goodwill of $9.0 million for this acquisition that is nondeductible for tax purposes. Determining fair values of assets and liabilities, especially the loan portfolio, core deposit intangibles, and deferred taxes, is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. The fair values initially assigned to assets acquired and liabilities assumed are preliminary and could change for up to one year after the closing date of the acquisition as new information and circumstances relative to closing date fair values becomes known. (In thousands) Initially Measured Assets: Cash $ 38,082 Investment securities 3,498 Loans 303,434 Bank premises and equipment 9,480 Core deposit intangibles 1,310 Goodwill 9,030 Other assets 7,088 Total assets $ 371,922 Liabilities: Deposits $ 329,662 Other liabilities 543 Total liabilities $ 330,205 The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date. August 21, 2020 (In thousands) Book Balance Fair Value Loans: Construction and land development $ 9,197 $ 8,851 Commercial real estate - owner-occupied 77,936 75,215 Commercial real estate - non owner-occupied 76,014 71,171 Residential real estate 23,548 23,227 Commercial and financial 72,745 68,096 Consumer 2,748 2,694 PPP loans 55,005 54,180 Total acquired loans $ 317,193 $ 303,434 The table below presents the carrying amount of loans for which, at the date of acquisition, there was evidence of more than insignificant deterioration of credit quality since origination: (In thousands) August 21, 2020 Book balance of loans at acquisition $ 59,455 Allowance for credit losses at acquisition (5,763) Non-credit related discount (4,319) Total PCD loans acquired $ 49,373 The Company believes the deposits assumed in the acquisition have an intangible value. In determining the valuation amount, deposits were analyzed based on factors such as type of deposit, deposit retention, interest rates and age of deposit relationships. Acquisition of First Bank of the Palm Beaches On March 13, 2020, the Company completed its acquisition of First Bank of the Palm Beaches (“FBPB”). FBPB was merged with and into Seacoast Bank. FBPB operated two branches in the Palm Beach market. As a result of this acquisition, the Company expects to enhance its presence in the Palm Beach market, expand its customer base and leverage operating cost through economies of scale, and positively affect the Company’s operating results. The Company acquired 100% of the outstanding common stock of FBPB. Under the terms of the definitive agreement, each share of FBPB common stock was converted into the right to receive 0.2000 share of Seacoast common stock. (In thousands, except per share data) March 13, 2020 Number of FBPB common shares outstanding 5,213 Per share exchange ratio 0.2000 Number of shares of common stock issued 1,043 Multiplied by common stock price per share on March 13, 2020 $ 20.17 Value of common stock issued 21,031 Cash paid for FBPB vested stock options 866 Total purchase price $ 21,897 The acquisition of FBPB was accounted for under the acquisition method in accordance with ASC Topic 805, Business Combinations . The Company recognized goodwill of $6.9 million for this acquisition that is nondeductible for tax purposes. Determining fair values of assets and liabilities, especially the loan portfolio, core deposit intangibles, and deferred taxes, is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. The adjustment reflected in the table below are the result of information obtained subsequent to the initial measurement. (In thousands) Initially Measured Measurement Period Adjustments As Adjusted March 13, 2020 Assets: Cash $ 34,749 $ — $ 34,749 Investment securities 447 — 447 Loans 146,839 (62) 146,777 Bank premises and equipment 6,086 — 6,086 Core deposit intangibles 819 — 819 Goodwill 6,799 62 6,861 Other assets 1,285 20 1,305 Total assets $ 197,024 $ 20 $ 197,044 Liabilities: Deposits $ 173,741 $ — $ 173,741 Other liabilities 1,386 20 1,406 Total liabilities $ 175,127 $ 20 $ 175,147 The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date. March 13, 2020 (In thousands) Book Balance Fair Value Loans: Construction and land development $ 9,493 $ 9,012 Commercial real estate - owner-occupied 46,221 45,171 Commercial real estate - non owner-occupied 36,268 35,079 Residential real estate 47,569 47,043 Commercial and financial 9,659 9,388 Consumer 1,132 1,084 Total acquired loans $ 150,342 $ 146,777 The table below presents the carrying amount of loans for which, at the date of acquisition, there was evidence of more than insignificant deterioration of credit quality since origination: (In thousands) March 13, 2020 Book balance of loans at acquisition $ 43,682 Allowance for credit losses at acquisition (516) Non-credit related discount (128) Total PCD loans acquired $ 43,038 The Company believes the deposits assumed in the acquisition have an intangible value. In determining the valuation amount, deposits were analyzed based on factors such as type of deposit, deposit retention, interest rates and age of deposit relationships.

Subsequent Events

Subsequent Events3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent EventSubsequent EventOn April 20, 2021, the Company’s Board of Directors approved a $0.13 cash dividend payable to shareholders of record on June 15, 2021, to be paid on June 30, 2021.

Basis of Presentation (Policies

Basis of Presentation (Policies)3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Basis of PresentationBasis of Presentation: The accompanying unaudited condensed consolidated financial statements of Seacoast Banking Corporation of Florida and its subsidiaries (the "Company") have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Certain prior period amounts have been reclassified to conform to the current period presentation.
Use of EstimatesUse of Estimates: The preparation of these condensed consolidated financial statements requires management to make judgments in the application of certain accounting policies that involve significant estimates and assumptions. The Company has established policies and control procedures that are intended to ensure valuation methods are well controlled and applied consistently from period to period. These estimates and assumptions, which may materially affect the reported amounts of certain assets, liabilities, revenues and expenses, are based on information available as of the date of the financial statements, and changes in this information over time and the use of revised estimates and assumptions could materially affect amounts reported in subsequent financial statements. Specific areas, among others, requiring the application of management’s estimates include determination of the allowance for credit losses, acquisition accounting and purchased loans, intangible assets and impairment testing, other fair value measurements and contingent liabilities.
Recently Issued Accounting Standards, Not Yet AdoptedRecently Issued Accounting Standards, Not Yet AdoptedNone this period.
Fair Value MeasurementHeld-to-maturity debt securities : These debt securities are reported at fair value utilizing level 2 inputs. The estimated fair value of a security is determined based on market quotations when available or, if not available, by using quoted market prices for similar securities, pricing models or discounted cash flow analyses, using observable market data where available. The Company reviews the prices supplied by independent pricing services, as well as their underlying pricing methodologies, for reasonableness and to ensure such prices are aligned with traditional pricing matrices. From time to time, the Company will validate, on a sample basis, prices supplied by the independent pricing service by comparison to prices obtained from other brokers and third-party sources or derived using internal models. Loans : Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type, such as commercial or mortgage. Each loan category is further segmented into fixed and adjustable-rate interest terms as well as performing and nonperforming categories. The fair value of loans is calculated by discounting scheduled cash flows through the estimated life including prepayment considerations, using estimated market discount rates that reflect the risks inherent in the loan. The fair value approach considers market-driven variables including credit related factors and reflects an “exit price” as defined in ASC Topic 820. Deposit liabilities : The fair value of demand deposits, savings accounts and money market deposits is the amount payable at the reporting date. The fair value of fixed maturity certificates of deposit is estimated using the rates currently offered for funding of similar remaining maturities.

Earnings per Share (Tables)

Earnings per Share (Tables)3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and DilutedThree Months Ended March 31, (Dollars in thousands, except per share data) 2021 2020 Basic earnings per share Net income $ 33,719 $ 709 Average common shares outstanding 55,271 51,803 Net income per share $ 0.61 $ 0.01 Diluted earnings per share Net income $ 33,719 $ 709 Average common shares outstanding 55,271 51,803 Add: Dilutive effect of employee restricted stock and stock options 721 481 Average diluted shares outstanding 55,992 52,284 Net income per share $ 0.60 $ 0.01

Securities (Tables)

Securities (Tables)3 Months Ended
Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Summary of Amortized Cost and Fair Value of Securities Available for SaleThe amortized cost, gross unrealized gains and losses and fair value of securities available-for-sale and held-to-maturity at March 31, 2021 and December 31, 2020 are summarized as follows: March 31, 2021 (In thousands) Amortized Gross Gross Unrealized Fair Debt securities available-for-sale U.S. Treasury securities and obligations of U.S. government agencies $ 7,686 $ 334 $ (2) $ 8,018 Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities 746,409 14,584 (6,774) 754,219 Private mortgage-backed securities and collateralized mortgage obligations 80,156 1,989 (261) 81,884 Collateralized loan obligations 172,392 239 (160) 172,471 Obligations of state and political subdivisions 32,914 1,943 (53) 34,804 Totals $ 1,039,557 $ 19,089 $ (7,250) $ 1,051,396 Debt securities held-to-maturity Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities $ 512,307 $ 5,539 $ (17,126) $ 500,720 Totals $ 512,307 $ 5,539 $ (17,126) $ 500,720 December 31, 2020 (In thousands) Amortized Gross Unrealized Gross Unrealized Fair Debt securities available-for-sale U.S. Treasury securities and obligations of U.S. government agencies $ 8,250 $ 528 $ (1) $ 8,777 Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities 1,038,437 23,457 (1,240) 1,060,654 Private mortgage-backed securities and collateralized mortgage obligations 89,284 2,131 (210) 91,205 Collateralized loan obligations 202,563 279 (647) 202,195 Obligations of state and political subdivisions 33,005 2,321 — 35,326 Totals $ 1,371,539 $ 28,716 $ (2,098) $ 1,398,157 Debt securities held-to-maturity Mortgage-backed securities of U.S. government-sponsored entities $ 184,484 $ 7,818 $ (123) $ 192,179 Totals $ 184,484 $ 7,818 $ (123) $ 192,179
Summary of Amortized Cost and Fair Value of Held-to-Maturity SecuritiesThe amortized cost, gross unrealized gains and losses and fair value of securities available-for-sale and held-to-maturity at March 31, 2021 and December 31, 2020 are summarized as follows: March 31, 2021 (In thousands) Amortized Gross Gross Unrealized Fair Debt securities available-for-sale U.S. Treasury securities and obligations of U.S. government agencies $ 7,686 $ 334 $ (2) $ 8,018 Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities 746,409 14,584 (6,774) 754,219 Private mortgage-backed securities and collateralized mortgage obligations 80,156 1,989 (261) 81,884 Collateralized loan obligations 172,392 239 (160) 172,471 Obligations of state and political subdivisions 32,914 1,943 (53) 34,804 Totals $ 1,039,557 $ 19,089 $ (7,250) $ 1,051,396 Debt securities held-to-maturity Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities $ 512,307 $ 5,539 $ (17,126) $ 500,720 Totals $ 512,307 $ 5,539 $ (17,126) $ 500,720 December 31, 2020 (In thousands) Amortized Gross Unrealized Gross Unrealized Fair Debt securities available-for-sale U.S. Treasury securities and obligations of U.S. government agencies $ 8,250 $ 528 $ (1) $ 8,777 Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities 1,038,437 23,457 (1,240) 1,060,654 Private mortgage-backed securities and collateralized mortgage obligations 89,284 2,131 (210) 91,205 Collateralized loan obligations 202,563 279 (647) 202,195 Obligations of state and political subdivisions 33,005 2,321 — 35,326 Totals $ 1,371,539 $ 28,716 $ (2,098) $ 1,398,157 Debt securities held-to-maturity Mortgage-backed securities of U.S. government-sponsored entities $ 184,484 $ 7,818 $ (123) $ 192,179 Totals $ 184,484 $ 7,818 $ (123) $ 192,179
Summary of Investments Classified by Contractual MaturitySecurities not due at a single maturity date are shown separately. Held-to-Maturity Available-for-Sale (In thousands) Amortized Fair Amortized Fair Due in less than one year $ — $ — $ 435 $ 437 Due after one year through five years — — 12,400 13,310 Due after five years through ten years — — 8,113 8,464 Due after ten years — — 19,652 20,611 — — 40,600 42,822 Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities 512,307 500,720 746,409 754,219 Private mortgage-backed securities and collateralized mortgage obligations — — 80,156 81,884 Collateralized loan obligations — — 172,392 172,471 Totals $ 512,307 $ 500,720 $ 1,039,557 $ 1,051,396
Schedule of Debt Securities in Unrealized Loss PositionThe tables below indicate the fair value of available-for-sale debt securities with unrealized losses for which no allowance for credit losses has been recorded. March 31, 2021 Less Than 12 Months 12 Months or Longer Total (In thousands) Fair Unrealized Fair Unrealized Fair Unrealized U.S. Treasury securities and obligations of U.S. government agencies $ — $ — $ 253 $ (2) $ 253 $ (2) Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities 314,851 (6,725) 4,888 (49) 319,739 (6,774) Private mortgage-backed securities and collateralized mortgage obligations 18,752 (236) 2,029 (25) 20,781 (261) Collateralized loan obligations 125,035 (88) 28,435 (72) 153,470 (160) Obligations of state and political subdivisions 4,982 (53) — — 4,982 (53) Totals $ 463,620 $ (7,102) $ 35,605 $ (148) $ 499,225 $ (7,250) December 31, 2020 Less Than 12 Months 12 Months or Longer Total (In thousands) Fair Unrealized Fair Unrealized Fair Unrealized U.S. Treasury securities and obligations of U.S. government agencies $ — $ — $ 256 $ (1) $ 256 $ (1) Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities 203,405 (1,218) 569 (22) 203,974 (1,240) Private mortgage-backed securities and collateralized mortgage obligations 23,997 (210) — — 23,997 (210) Collateralized loan obligations 104,697 (102) 72,513 (545) 177,210 (647) Totals $ 332,099 $ (1,530) $ 73,338 $ (568) $ 405,437 $ (2,098)

Loans (Tables)

Loans (Tables)3 Months Ended
Mar. 31, 2021
Receivables [Abstract]
Schedule of Portfolio Loans, Purchased Credit Impaired Loans and Purchased Unimpaired LoansThe following tables present net loan balances by segment as of: March 31, 2021 (In thousands) Portfolio Loans Acquired Non-PCD Loans PCD Loans Total Construction and land development $ 206,627 $ 18,465 $ 2,025 $ 227,117 Commercial real estate - owner-occupied 868,347 225,785 38,953 1,133,085 Commercial real estate - non owner-occupied 1,116,362 294,128 27,875 1,438,365 Residential real estate 1,088,822 149,762 7,965 1,246,549 Commercial and financial 760,975 84,309 15,529 860,813 Consumer 167,778 5,900 232 173,910 Paycheck Protection Program 547,308 34,345 — 581,653 Totals $ 4,756,219 $ 812,694 $ 92,579 $ 5,661,492 December 31, 2020 (In thousands) Portfolio Loans Acquired Non-PCD Loans PCD Loans Total Construction and land development $ 216,420 $ 26,250 $ 2,438 $ 245,108 Commercial real estate - owner occupied 854,769 247,090 39,451 1,141,310 Commercial real estate - non-owner occupied 1,043,459 323,273 29,122 1,395,854 Residential real estate 1,155,914 176,105 10,609 1,342,628 Commercial and financial 743,846 94,627 16,280 854,753 Consumer 181,797 6,660 278 188,735 Paycheck Protection Program 515,532 51,429 — 566,961 Totals $ 4,711,737 $ 925,434 $ 98,178 $ 5,735,349
Schedule of Past Due Financing ReceivablesThe following tables present the status of net loan balances as of March 31, 2021 and December 31, 2020. Loans on short-term payment deferral at the reporting date are reported as current. March 31, 2021 (In thousands) Current Accruing Accruing Accruing Nonaccrual Total Portfolio Loans Construction and land development $ 206,473 $ — $ — $ — $ 154 $ 206,627 Commercial real estate - owner-occupied 865,373 732 — — 2,242 868,347 Commercial real estate - non owner-occupied 1,114,278 — — — 2,084 1,116,362 Residential real estate 1,073,848 4,344 1,078 720 8,832 1,088,822 Commercial and financial 755,349 1,144 36 1 4,445 760,975 Consumer 166,587 768 — — 423 167,778 Paycheck Protection Program 547,308 — — — — 547,308 Total Portfolio Loans $ 4,729,216 $ 6,988 $ 1,114 $ 721 $ 18,180 $ 4,756,219 Acquired Non-PCD Loans Construction and land development $ 18,465 $ — $ — $ — $ — $ 18,465 Commercial real estate - owner-occupied 223,758 — — — 2,027 225,785 Commercial real estate - non owner-occupied 293,148 — — — 980 294,128 Residential real estate 145,347 596 104 — 3,715 149,762 Commercial and financial 83,671 — — — 638 84,309 Consumer 5,900 — — — — 5,900 Paycheck Protection Program 34,345 — — — — 34,345 Total Acquired Non-PCD Loans $ 804,634 $ 596 $ 104 $ — $ 7,360 $ 812,694 PCD Loans Construction and land development $ 2,017 $ — $ — $ — $ 8 $ 2,025 Commercial real estate - owner-occupied 36,057 — — — 2,896 38,953 Commercial real estate - non owner-occupied 23,068 — — — 4,807 27,875 Residential real estate 6,899 — — — 1,066 7,965 Commercial and financial 14,518 — — — 1,011 15,529 Consumer 232 — — — — 232 Total PCD Loans $ 82,791 $ — $ — $ — $ 9,788 $ 92,579 Total Loans $ 5,616,641 $ 7,584 $ 1,218 $ 721 $ 35,328 $ 5,661,492 December 31, 2020 (In thousands) Current Accruing Accruing Accruing Nonaccrual Total Portfolio Loans Construction and land development $ 216,262 $ — $ — $ — $ 158 $ 216,420 Commercial real estate - owner occupied 851,222 1,076 — — 2,471 854,769 Commercial real estate - non-owner occupied 1,041,306 — — — 2,153 1,043,459 Residential real estate 1,142,893 3,002 1,427 61 8,531 1,155,914 Commercial and financial 737,362 135 1,967 — 4,382 743,846 Consumer 180,879 203 138 2 575 181,797 Paycheck Protection Program 515,532 — — — — 515,532 Total Portfolio Loans $ 4,685,456 $ 4,416 $ 3,532 $ 63 $ 18,270 $ 4,711,737 Acquired Non-PCD Loans Construction and land development $ 26,250 $ — $ — $ — $ — $ 26,250 Commercial real estate - owner occupied 244,486 — — — 2,604 247,090 Commercial real estate - non-owner occupied 322,264 — — — 1,009 323,273 Residential real estate 171,507 1,605 104 — 2,889 176,105 Commercial and financial 93,223 216 — — 1,188 94,627 Consumer 6,640 20 — — — 6,660 Paycheck Protection Program 51,429 — — — — 51,429 Total Acquired Non-PCD Loans $ 915,799 $ 1,841 $ 104 $ — $ 7,690 $ 925,434 PCD Loans Construction and land development $ 2,429 $ — $ — $ — $ 9 $ 2,438 Commercial real estate - owner occupied 36,345 — — — 3,106 39,451 Commercial real estate - non-owner occupied 24,200 — — — 4,922 29,122 Residential real estate 9,537 — — — 1,072 10,609 Commercial and financial 15,121 125 — — 1,034 16,280 Consumer 271 — — — 7 278 Total PCD Loans $ 87,903 $ 125 $ — $ — $ 10,150 $ 98,178 Total Loans $ 5,689,158 $ 6,382 $ 3,636 $ 63 $ 36,110 $ 5,735,349
Schedule of Nonaccrual Loans by Loan CategoryThe following tables present net balances of loans on nonaccrual status and the related allowance for credit losses, if any, as of: March 31, 2021 (In thousands) Nonaccrual Loans With No Related Allowance Nonaccrual Loans With an Allowance Total Nonaccrual Loans Allowance for Credit Losses Construction and land development $ 144 $ 18 $ 162 $ 7 Commercial real estate - owner-occupied 6,891 274 7,165 274 Commercial real estate - non owner-occupied 3,946 3,925 7,871 1,746 Residential real estate 11,592 2,021 13,613 1,123 Commercial and financial 3,751 2,343 6,094 1,620 Consumer 51 372 423 87 Totals $ 26,375 $ 8,953 $ 35,328 $ 4,857 December 31, 2020 (In thousands) Nonaccrual Loans With No Related Allowance Nonaccrual Loans With an Allowance Total Nonaccrual Loans Allowance for Credit Losses Construction and land development $ 148 $ 19 $ 167 $ 8 Commercial real estate - owner-occupied 7,893 288 8,181 287 Commercial real estate - non owner-occupied 5,666 2,418 8,084 1,640 Residential real estate 9,520 2,972 12,492 1,587 Commercial and financial 3,175 3,429 6,604 2,235 Consumer 222 360 582 75 Totals $ 26,624 $ 9,486 $ 36,110 $ 5,832
Schedule of Collateral Dependent LoansThe following table presents collateral-dependent loans as of: (In thousands) March 31, 2021 December 31, 2020 Construction and land development $ 181 $ 189 Commercial real estate - owner-occupied 11,503 11,992 Commercial real estate - non owner-occupied 7,114 7,285 Residential real estate 17,460 16,652 Commercial and financial 10,475 11,198 Consumer 424 586 Totals $ 47,157 $ 47,902
Schedule of Risk Categories of Loans by Class of LoansThe following tables present the risk rating of loans by year of origination as of: March 31, 2021 (In thousands) 2021 2020 2019 2018 2017 Prior Revolving Total Construction and Land Development Risk Ratings: Pass $ 11,721 $ 61,751 $ 41,791 $ 27,743 $ 12,069 $ 24,206 $ 37,615 $ 216,896 Special Mention — — — 8,486 — 262 — 8,748 Substandard — — — — — 1,212 — 1,212 Substandard Impaired — — — — 37 224 — 261 Doubtful — — — — — — — — Total $ 11,721 $ 61,751 $ 41,791 $ 36,229 $ 12,106 $ 25,904 $ 37,615 $ 227,117 Commercial real estate - owner-occupied Risk Ratings: Pass $ 39,915 $ 153,127 $ 195,476 $ 150,551 $ 132,555 $ 412,493 $ 13,064 $ 1,097,181 Special Mention — 5,891 1,839 1,294 — 8,202 — 17,226 Substandard — — — — 4,152 5,423 — 9,575 Substandard Impaired — — 2,952 716 1,862 3,573 — 9,103 Doubtful — — — — — — — — Total $ 39,915 $ 159,018 $ 200,267 $ 152,561 $ 138,569 $ 429,691 $ 13,064 $ 1,133,085 Commercial real estate - non owner-occupied Risk Ratings: Pass $ 79,711 $ 161,211 $ 311,098 $ 188,793 $ 111,807 $ 510,852 $ 9,084 $ 1,372,556 Special Mention — — 430 9,443 16,575 9,800 — 36,248 Substandard — — — 9,708 — 11,981 — 21,689 Substandard Impaired — — 2,397 — — 5,475 — 7,872 Doubtful — — — — — — — — Total $ 79,711 $ 161,211 $ 313,925 $ 207,944 $ 128,382 $ 538,108 $ 9,084 $ 1,438,365 Residential real estate Risk Ratings: Pass $ 21,192 $ 118,310 $ 125,666 $ 174,835 $ 175,133 $ 280,387 $ 327,456 $ 1,222,979 Special Mention — 49 — 70 2,069 319 1,579 4,086 Substandard — — — — — 388 40 428 Substandard Impaired — 453 1,053 1,342 4,016 10,291 1,901 19,056 Doubtful — — — — — — — — Total $ 21,192 $ 118,812 $ 126,719 $ 176,247 $ 181,218 $ 291,385 $ 330,976 $ 1,246,549 March 31, 2021 (In thousands) 2021 2020 2019 2018 2017 Prior Revolving Total Commercial and financial Risk Ratings: Pass $ 60,114 $ 218,567 $ 134,501 $ 92,551 $ 56,103 $ 86,551 $ 188,805 $ 837,192 Special Mention — 67 905 919 293 95 436 2,715 Substandard — 153 41 2,536 1,560 3,826 254 8,370 Substandard Impaired — — 4,824 2,970 1,684 2,490 68 12,036 Doubtful 1 — — — 500 — — — 500 Total $ 60,114 $ 218,787 $ 140,271 $ 99,476 $ 59,640 $ 92,962 $ 189,563 $ 860,813 Consumer Risk Ratings: Pass $ 7,025 $ 42,871 $ 37,567 $ 26,482 $ 16,226 $ 27,290 $ 13,534 $ 170,995 Special Mention — — 85 52 25 605 1,276 2,043 Substandard — — — — 16 — 190 206 Substandard Impaired — 27 49 9 62 519 — 666 Doubtful — — — — — — — — Total $ 7,025 $ 42,898 $ 37,701 $ 26,543 $ 16,329 $ 28,414 $ 15,000 $ 173,910 Paycheck Protection Program Risk Ratings: Pass $ 232,438 $ 349,215 $ — $ — $ — $ — $ — $ 581,653 Total $ 232,438 $ 349,215 $ — $ — $ — $ — $ — $ 581,653 Consolidated Risk Ratings: Pass $ 452,116 $ 1,105,052 $ 846,099 $ 660,955 $ 503,893 $ 1,341,779 $ 589,558 $ 5,499,452 Special Mention — 6,007 3,259 20,264 18,962 19,283 3,291 71,066 Substandard — 153 41 12,244 5,728 22,830 484 41,480 Substandard Impaired — 480 11,275 5,037 7,661 22,572 1,969 48,994 Doubtful 1 — — — 500 — — — 500 Total $ 452,116 $ 1,111,692 $ 860,674 $ 699,000 $ 536,244 $ 1,406,464 $ 595,302 $ 5,661,492 1 Loans classified as doubtful are fully reserved as of March 31, 2021. December 31, 2020 (In thousands) 2020 2019 2018 2017 2016 Prior Revolving Total Construction and Land Development Risk Ratings: Pass $ 62,107 $ 52,384 $ 46,067 $ 15,873 $ 7,335 $ 17,873 $ 35,324 $ 236,963 Special Mention 206 245 5,918 — — 1,449 — 7,818 Substandard — — — — — 51 — 51 Substandard Impaired — — — 37 — 239 — 276 Doubtful — — — — — — — — Total $ 62,313 $ 52,629 $ 51,985 $ 15,910 $ 7,335 $ 19,612 $ 35,324 $ 245,108 Commercial real estate - owner-occupied Risk Ratings: Pass $ 155,953 $ 198,559 $ 156,276 $ 138,341 $ 148,389 $ 287,772 $ 14,255 $ 1,099,545 Special Mention 5,773 1,858 3,305 — 4,471 4,050 2 19,459 Substandard — — — 4,709 1,955 5,508 — 12,172 Substandard Impaired — 3,151 747 1,362 — 4,874 — 10,134 Doubtful — — — — — — — — Total $ 161,726 $ 203,568 $ 160,328 $ 144,412 $ 154,815 $ 302,204 $ 14,257 $ 1,141,310 December 31, 2020 (In thousands) 2020 2019 2018 2017 2016 Prior Revolving Total Commercial real estate - non owner-occupied Risk Ratings: Pass $ 159,299 $ 313,287 $ 201,112 $ 123,357 $ 175,623 $ 356,943 $ 8,596 $ 1,338,217 Special Mention — 431 9,487 7,580 10,240 114 — 27,852 Substandard — — 9,709 — 8,311 3,682 — 21,702 Substandard Impaired — 2,418 — — 125 5,540 — 8,083 Doubtful — — — — — — — — Total $ 159,299 $ 316,136 $ 220,308 $ 130,937 $ 194,299 $ 366,279 $ 8,596 $ 1,395,854 Residential real estate Risk Ratings: Pass $ 96,819 $ 144,329 $ 204,077 $ 205,046 $ 160,612 $ 159,742 $ 350,502 $ 1,321,127 Special Mention — — 33 720 — 966 479 2,198 Substandard 350 — — 896 — 1,452 100 2,798 Substandard Impaired 109 726 1,520 1,762 715 9,671 2,002 16,505 Doubtful — — — — — — — — Total $ 97,278 $ 145,055 $ 205,630 $ 208,424 $ 161,327 $ 171,831 $ 353,083 $ 1,342,628 Commercial and financial Risk Ratings: Pass $ 214,774 $ 146,511 $ 103,769 $ 60,782 $ 39,692 $ 53,758 $ 204,304 $ 823,590 Special Mention 71 946 965 5,612 67 635 209 8,505 Substandard 154 41 3,016 1,609 553 3,239 764 9,376 Substandard Impaired 317 4,595 3,199 2,292 2,074 704 81 13,262 Doubtful 1 — — — — — — 20 20 Total $ 215,316 $ 152,093 $ 110,949 $ 70,295 $ 42,386 $ 58,336 $ 205,378 $ 854,753 Consumer Risk Ratings: Pass $ 46,476 $ 43,143 $ 30,433 $ 18,937 $ 21,880 $ 9,488 $ 15,089 $ 185,446 Special Mention 58 27 14 41 42 21 1,854 2,057 Substandard — — — 42 4 151 228 425 Substandard Impaired 7 50 193 24 329 183 21 807 Doubtful — — — — — — — — Total $ 46,541 $ 43,220 $ 30,640 $ 19,044 $ 22,255 $ 9,843 $ 17,192 $ 188,735 Paycheck Protection Program Risk Ratings: Pass $ 566,961 $ — $ — $ — $ — $ — $ — $ 566,961 Total $ 566,961 $ — $ — $ — $ — $ — $ — $ 566,961 Consolidated Risk Ratings: Pass $ 1,302,389 $ 898,213 $ 741,734 $ 562,336 $ 553,531 $ 885,576 $ 628,070 $ 5,571,849 Special Mention 6,108 3,507 19,722 13,953 14,820 7,235 2,544 67,889 Substandard 504 41 12,725 7,256 10,823 14,083 1,092 46,524 Substandard Impaired 433 10,940 5,659 5,477 3,243 21,211 2,104 49,067 Doubtful 1 — — — — — — 20 20 Total $ 1,309,434 $ 912,701 $ 779,840 $ 589,022 $ 582,417 $ 928,105 $ 633,830 $ 5,735,349 1 Loans classified as doubtful are fully reserved at December 31, 2020.
Schedule of Loans ModifiedThe following table presents the balance of loans with active payment accommodations at the specified dates, excluding PPP loans: (In thousands) March 31, 2021 December 31, 2020 Construction and land development $ 1,037 $ 1,032 Commercial real estate - owner-occupied 2,204 14,248 Commercial real estate - non owner-occupied 8,797 32,549 Residential real estate 5,286 12,839 Commercial and financial 9,949 11,915 Consumer 1,135 1,479 Totals $ 28,408 $ 74,062
Schedule of Troubled Debt RestructuringThe following table presents loans that were modified in a troubled debt restructuring during the three months ended: Three Months Ended March 31, 2021 2020 (In thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Construction and land development — $ — $ — — $ — $ — Commercial real estate - owner-occupied — — — — — — Commercial real estate - non owner-occupied — — — — — — Residential real estate 1 27 27 1 45 45 Commercial and financial — — — 4 437 437 Consumer — — — — — — Totals 1 $ 27 $ 27 5 $ 482 $ 482

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)3 Months Ended
Mar. 31, 2021
Receivables [Abstract]
Schedule of Allowance for Loan LossesActivity in the allowance for credit losses is summarized as follows: Three Months Ended March 31, 2021 (In thousands) Beginning Provision Charge- Recoveries TDR Ending Construction and land development $ 4,920 $ (510) $ — $ 18 $ — $ 4,428 Commercial real estate - owner-occupied 9,868 (76) — — — 9,792 Commercial real estate - non owner-occupied 38,266 (2,038) — 1 — 36,229 Residential real estate 17,500 (3,372) — 229 (4) 14,353 Commercial and financial 18,690 775 (756) 207 — 18,916 Consumer 3,489 (494) (185) 116 (1) 2,925 Paycheck Protection Program — — — — — — Totals $ 92,733 $ (5,715) $ (941) $ 571 $ (5) $ 86,643 Three Months Ended March 31, 2020 (In thousands) Beginning Impact of Adoption of ASC 326 Initial Allowance on PCD Loans Acquired During the Period Provision Charge- Recoveries TDR Ending Construction and land development $ 1,842 $ 1,479 $ 48 $ 1,248 $ — $ 29 $ — $ 4,646 Commercial real estate - owner occupied 5,361 80 207 (264) (44) — (13) 5,327 Commercial real estate - non-owner occupied 7,863 9,341 140 18,283 (12) 28 — 35,643 Residential real estate 7,667 5,787 97 6,260 (18) 116 (10) 19,899 Commercial and financial 9,716 3,677 11 2,746 (1,100) 420 — 15,470 Consumer 2,705 862 13 1,240 (473) 80 (1) 4,426 Totals $ 35,154 $ 21,226 $ 516 $ 29,513 $ (1,647) $ 673 $ (24) $ 85,411
Schedule of Loan Portfolio, Excluding PCI Loans and Related AllowanceThe allowance for credit losses is composed of specific allowances for loans individually evaluated and general allowances for loans grouped into loan pools based on similar characteristics, which are collectively evaluated. The Company’s loan portfolio and related allowance at March 31, 2021 and December 31, 2020 is shown in the following tables: March 31, 2021 Individually Evaluated Collectively Evaluated Total (In thousands) Recorded Associated Recorded Associated Recorded Associated Construction and land development $ 261 $ 11 $ 226,856 $ 4,417 $ 227,117 $ 4,428 Commercial real estate - owner occupied 9,209 422 1,123,876 9,370 1,133,085 9,792 Commercial real estate - non owner-occupied 7,871 1,746 1,430,494 34,483 1,438,365 36,229 Residential real estate 19,057 1,280 1,227,492 13,073 1,246,549 14,353 Commercial and financial 12,536 2,749 848,277 16,167 860,813 18,916 Consumer 667 104 173,243 2,821 173,910 2,925 Paycheck Protection Program — — 581,653 — 581,653 — Totals $ 49,601 $ 6,312 $ 5,611,891 $ 80,331 $ 5,661,492 $ 86,643 December 31, 2020 Individually Evaluated Collectively Evaluated Total (In thousands) Recorded Associated Recorded Associated Recorded Associated Construction and land development $ 276 $ 13 $ 244,832 $ 4,907 $ 245,108 $ 4,920 Commercial real estate - owner occupied 10,243 402 1,131,067 9,466 1,141,310 9,868 Commercial real estate - non owner-occupied 8,083 1,640 1,387,771 36,626 1,395,854 38,266 Residential real estate 16,506 2,064 1,326,122 15,436 1,342,628 17,500 Commercial and financial 13,281 3,498 841,472 15,192 854,753 18,690 Consumer 807 91 187,928 3,398 188,735 3,489 Paycheck Protection Program — — 566,961 — 566,961 — Totals $ 49,196 $ 7,708 $ 5,686,153 $ 85,025 $ 5,735,349 $ 92,733

Derivatives (Tables)

Derivatives (Tables)3 Months Ended
Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments(In thousands) Notional Amount Fair Value Balance Sheet Category At March 31, 2021 Back-to-back swaps $ 183,491 $ 10,527 Other Assets and Other Liabilities Interest rate floors 300,000 778 Other Assets At December 31, 2020 Back-to-back swaps $ 182,379 $ 13,339 Other Assets and Other Liabilities Interest rate floors 300,000 1,004 Other Assets

Securities Sold Under Agreeme_2

Securities Sold Under Agreements to Repurchase (Tables)3 Months Ended
Mar. 31, 2021
Brokers and Dealers [Abstract]
Schedule of Securities Sold Under Agreements to Repurchase and Securities PledgedCompany securities pledged were as follows by collateral type and maturity as of: (In thousands) March 31, 2021 December 31, 2020 Fair value of pledged securities - overnight and continuous: Mortgage-backed securities and collateralized mortgage obligations of U.S. government sponsored entities $ 120,071 $ 137,268

Noninterest Income and Expense

Noninterest Income and Expense (Tables)3 Months Ended
Mar. 31, 2021
Brokers and Dealers [Abstract]
Schedule of Noninterest Income and ExpenseDetails of noninterest income and expenses for the three months ended March 31, 2021 and 2020 are as follows: Three Months Ended March 31, (In thousands) 2021 2020 Noninterest income Service charges on deposit accounts $ 2,338 $ 2,825 Interchange income 3,820 3,246 Wealth management income 2,323 1,867 Mortgage banking fees 4,225 2,208 Marine finance fees 189 146 SBA gains 287 139 BOLI income 859 886 Other income 3,744 3,352 17,785 14,669 Securities (losses) gains, net (114) 19 Total $ 17,671 $ 14,688 Noninterest expense Salaries and wages $ 21,393 $ 23,698 Employee benefits 4,980 4,255 Outsourced data processing costs 4,468 4,633 Telephone/data lines 785 714 Occupancy 3,789 3,353 Furniture and equipment 1,254 1,623 Marketing 1,168 1,278 Legal and professional fees 2,582 3,363 FDIC assessments 526 — Amortization of intangibles 1,211 1,456 Foreclosed property expense and net gain on sale (65) (315) Provision for credit losses on unfunded commitments — 46 Other 4,029 3,694 Total $ 46,120 $ 47,798

Fair Value (Tables)

Fair Value (Tables)3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets Measured on Recurring and Nonrecurring BasisUnder ASC Topic 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at March 31, 2021 and December 31, 2020 included: (In thousands) Fair Value Quoted Prices Significant Significant At March 31, 2021 Financial Assets Available-for-sale debt securities 1 $ 1,051,396 $ 199 $ 1,051,197 $ — Derivative financial instruments 2 11,305 — 11,305 — Loans held for sale 2 60,924 — 60,924 — Loans 3 9,929 — 1,368 8,561 Other real estate owned 4 15,549 — 3,390 12,159 Equity securities 5 6,416 6,416 — — Financial Liabilities Derivative financial instruments 2 $ 10,527 $ — $ 10,527 $ — At December 31, 2020 Financial Assets Available-for-sale debt securities 1 $ 1,398,157 $ 101 $ 1,398,056 $ — Derivative financial instruments 2 14,343 — 14,343 — Loans held for sale 2 68,890 — 68,890 — Loans 3 8,806 — 1,900 6,906 Other real estate owned 4 12,750 — 72 12,678 Equity securities 5 6,530 6,530 — — Financial Liabilities Derivative financial instruments 2 $ 13,339 $ — $ 13,339 $ — 1 See “Note D – Securities” for further detail of fair value of individual investment categories. 2 Recurring fair value basis determined using observable market data. 3 S e e “ Note E – Loans .” N onrecurring fair value adjustments to collateral-dependent loans reflect full or partial write-downs that are based on current appraised values of the collateral in accordance with ASC Topic 310. 4 Fair value is measured on a nonrecurring basis in accordance with ASC Topic 360. 5 An investment in shares of a mutual fund that invests primarily in CRA-qualified debt securities, reported at fair value in Other Assets. Recurring fair value basis is determined using market quotations.
Schedule of Aggregate Fair Value and Contractual Balance of Loans for SaleThe aggregate fair value and contractual balance of loans held for sale as of March 31, 2021 and December 31, 2020 is as follows: (In thousands) March 31, 2021 December 31, 2020 Aggregate fair value $ 60,924 $ 68,890 Contractual balance 59,387 66,415 Excess 1,537 2,475
Schedule of Carrying Amount and Fair Value of Other Significant Financial Instruments Not Measured on a Recurring BasisThe carrying amount and fair value of the Company’s other financial instruments that were not disclosed previously in the balance sheet and for which carrying amount is not fair value as of March 31, 2021 and December 31, 2020 is as follows: (In thousands) Carrying Amount Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs March 31, 2021 Financial Assets Debt securities held-to-maturity 1 $ 512,307 $ — $ 500,720 $ — Time deposits with other banks 750 — 760 — Loans, net 5,651,563 — — 5,608,009 Financial Liabilities Deposit liabilities 7,385,749 — — 7,388,104 Subordinated debt 71,436 — 58,285 — December 31, 2020 Financial Assets Debt securities held-to-maturity 1 $ 184,484 $ — $ 192,179 $ — Time deposits with other banks 750 — 762 — Loans, net 5,633,810 — — 5,686,019 Financial Liabilities Deposit liabilities 6,932,561 — — 6,936,097 Subordinated debt 71,365 — 58,227 — 1 See “Note D – Securities” for further detail of individual investment categories.

Business Combinations (Tables)

Business Combinations (Tables)3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]
Schedule of Purchase Price CalculationThe Company acquired 100% of the outstanding common stock of Fourth Street. Under the terms of the definitive agreement, each share of Fourth Street common stock was converted into the right to receive 0.1275 share of Seacoast common stock. (In thousands, except per share data) August 21, 2020 Number of Fourth Street common shares outstanding 11,220 Shares issued upon conversion of convertible debt 5,405 Per share exchange ratio 0.1275 Number of shares of common stock issued 2,120 Multiplied by common stock price per share on August 21, 2020 $ 19.40 Value of common stock issued 41,121 Cash paid for Fourth Street vested stock options 596 Total purchase price $ 41,717 The Company acquired 100% of the outstanding common stock of FBPB. Under the terms of the definitive agreement, each share of FBPB common stock was converted into the right to receive 0.2000 share of Seacoast common stock. (In thousands, except per share data) March 13, 2020 Number of FBPB common shares outstanding 5,213 Per share exchange ratio 0.2000 Number of shares of common stock issued 1,043 Multiplied by common stock price per share on March 13, 2020 $ 20.17 Value of common stock issued 21,031 Cash paid for FBPB vested stock options 866 Total purchase price $ 21,897
Schedule of Business AcquisitionsThe fair values initially assigned to assets acquired and liabilities assumed are preliminary and could change for up to one year after the closing date of the acquisition as new information and circumstances relative to closing date fair values becomes known. (In thousands) Initially Measured Assets: Cash $ 38,082 Investment securities 3,498 Loans 303,434 Bank premises and equipment 9,480 Core deposit intangibles 1,310 Goodwill 9,030 Other assets 7,088 Total assets $ 371,922 Liabilities: Deposits $ 329,662 Other liabilities 543 Total liabilities $ 330,205 (In thousands) Initially Measured Measurement Period Adjustments As Adjusted March 13, 2020 Assets: Cash $ 34,749 $ — $ 34,749 Investment securities 447 — 447 Loans 146,839 (62) 146,777 Bank premises and equipment 6,086 — 6,086 Core deposit intangibles 819 — 819 Goodwill 6,799 62 6,861 Other assets 1,285 20 1,305 Total assets $ 197,024 $ 20 $ 197,044 Liabilities: Deposits $ 173,741 $ — $ 173,741 Other liabilities 1,386 20 1,406 Total liabilities $ 175,127 $ 20 $ 175,147
Schedule of Fair Value of Acquired Loans, Unpaid Principal Balance, Purchase Price and Allowance for Credit LossesThe table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date. August 21, 2020 (In thousands) Book Balance Fair Value Loans: Construction and land development $ 9,197 $ 8,851 Commercial real estate - owner-occupied 77,936 75,215 Commercial real estate - non owner-occupied 76,014 71,171 Residential real estate 23,548 23,227 Commercial and financial 72,745 68,096 Consumer 2,748 2,694 PPP loans 55,005 54,180 Total acquired loans $ 317,193 $ 303,434 The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date. March 13, 2020 (In thousands) Book Balance Fair Value Loans: Construction and land development $ 9,493 $ 9,012 Commercial real estate - owner-occupied 46,221 45,171 Commercial real estate - non owner-occupied 36,268 35,079 Residential real estate 47,569 47,043 Commercial and financial 9,659 9,388 Consumer 1,132 1,084 Total acquired loans $ 150,342 $ 146,777 The table below presents the carrying amount of loans for which, at the date of acquisition, there was evidence of more than insignificant deterioration of credit quality since origination: (In thousands) March 13, 2020 Book balance of loans at acquisition $ 43,682 Allowance for credit losses at acquisition (516) Non-credit related discount (128) Total PCD loans acquired $ 43,038
Schedule Purchase Credit Deteriorated Loans AcquiredThe table below presents the carrying amount of loans for which, at the date of acquisition, there was evidence of more than insignificant deterioration of credit quality since origination: (In thousands) August 21, 2020 Book balance of loans at acquisition $ 59,455 Allowance for credit losses at acquisition (5,763) Non-credit related discount (4,319) Total PCD loans acquired $ 49,373

Earnings per Share - Narrative

Earnings per Share - Narrative (Details) - shares shares in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Earnings Per Share [Abstract]
Antidilutive securities excluded from diluted earnings per share calculation (in shares)0 489

Earnings per Share - Schedule o

Earnings per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Basic earnings per share
Net income $ 33,719 $ 709
Average common shares outstanding (in shares)55,271 51,803
Net income per share (in dollars per share) $ 0.61 $ 0.01
Diluted earnings per share
Average common shares outstanding (in shares)55,271 51,803
Add: Dilutive effect of employee restricted stock and stock options (in shares)721 481
Average diluted shares outstanding (in shares)55,992 52,284
Net income per share (in dollars per share) $ 0.60 $ 0.01

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value of Securities Available for Sale and Held for Investment (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Debt securities available-for-sale
Available for sale, amortized cost, total $ 1,039,557 $ 1,371,539
Available for sale, gross unrealized gains19,089 28,716
Available for sale, gross unrealized losses(7,250)(2,098)
Available for sale, fair value1,051,396 1,398,157
Debt securities held-to-maturity
Held to maturity, amortized cost, total512,307 184,484
Held to maturity, gross unrealized gains5,539 7,818
Held to maturity, gross unrealized losses(17,126)(123)
Held to maturity, fair value500,720 192,179
U.S. Treasury securities and obligations of U.S. government agencies
Debt securities available-for-sale
Available for sale, amortized cost, total7,686 8,250
Available for sale, gross unrealized gains334 528
Available for sale, gross unrealized losses(2)(1)
Available for sale, fair value8,018 8,777
Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities
Debt securities available-for-sale
Available for sale, amortized cost, total746,409 1,038,437
Available for sale, gross unrealized gains14,584 23,457
Available for sale, gross unrealized losses(6,774)(1,240)
Available for sale, fair value754,219 1,060,654
Debt securities held-to-maturity
Held to maturity, amortized cost, total184,484
Held to maturity, gross unrealized gains7,818
Held to maturity, gross unrealized losses(123)
Held to maturity, fair value500,720 192,179
Private mortgage-backed securities and collateralized mortgage obligations
Debt securities available-for-sale
Available for sale, amortized cost, total80,156 89,284
Available for sale, gross unrealized gains1,989 2,131
Available for sale, gross unrealized losses(261)(210)
Available for sale, fair value81,884 91,205
Debt securities held-to-maturity
Held to maturity, fair value0
Collateralized loan obligations
Debt securities available-for-sale
Available for sale, amortized cost, total172,392 202,563
Available for sale, gross unrealized gains239 279
Available for sale, gross unrealized losses(160)(647)
Available for sale, fair value172,471 202,195
Debt securities held-to-maturity
Held to maturity, fair value0
Obligations of state and political subdivisions
Debt securities available-for-sale
Available for sale, amortized cost, total32,914 33,005
Available for sale, gross unrealized gains1,943 2,321
Available for sale, gross unrealized losses(53)0
Available for sale, fair value34,804 $ 35,326
Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities
Debt securities held-to-maturity
Held to maturity, amortized cost, total512,307
Held to maturity, gross unrealized gains5,539
Held to maturity, gross unrealized losses(17,126)
Held to maturity, fair value $ 500,720

Securities - Narrative (Details

Securities - Narrative (Details) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Proceeds from sale of debt securities available-for-sale $ 0 $ 27,765,000
Gross gains from sale of securities100,000
Gross losses from sale of securities200,000
Gain (loss) on investment in shares of mutual funds(114,000)19,000
Securities transferred from available for sale to held to maturity210,800,000
Securities transferred from available for sale to held to maturity, unrealized gains800,000
Unrealized losses on mortgage backed securities of government sponsored entities7,250,000 $ 2,098,000
Fair value of securities in unrealized loss position499,225,000 405,437,000
Held-to-maturity securities, allowance for credit loss0
Federal Home Loan Bank and Federal Reserve stock recorded in other assets31,200,000
Accrued interest receivable on AFS debt securities2,600,000 3,200,000
Accrued interest receivable on HTM debt securities $ 800,000 400,000
Visa | Common Class B
Debt Securities, Available-for-sale [Line Items]
Shares of Visa stock held (in shares)11,330
Visa | Common Class A
Debt Securities, Available-for-sale [Line Items]
Conversion rate of Class A stock for each share of Class B stock (in dollars per share) $ 1.6228
Shares issued (in shares)18,386
CRA - Qualified Mutual Fund
Debt Securities, Available-for-sale [Line Items]
Gain (loss) on investment in shares of mutual funds $ (100,000) $ 100,000
Investment in mutual fund carried at fair value6,400,000
Public Deposits and Secured Borrowings | Carrying Value
Debt Securities, Available-for-sale [Line Items]
Fair value of debt securities pledged as collateral350,500,000
Private mortgage-backed securities and collateralized mortgage obligations
Debt Securities, Available-for-sale [Line Items]
Unrealized losses on mortgage backed securities of government sponsored entities261,000 210,000
Fair value of securities in unrealized loss position20,781,000 23,997,000
Allowance for credit losses on AFS debt securities $ 0
Average credit support percentage31.00%
Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities
Debt Securities, Available-for-sale [Line Items]
Unrealized losses on mortgage backed securities of government sponsored entities $ 6,774,000 1,240,000
Fair value of securities in unrealized loss position319,739,000 203,974,000
Allowance for credit losses on AFS debt securities0
Collateralized loan obligations
Debt Securities, Available-for-sale [Line Items]
Unrealized losses on mortgage backed securities of government sponsored entities160,000 647,000
Fair value of securities in unrealized loss position153,470,000 $ 177,210,000
Allowance for credit losses on AFS debt securities $ 0
Standard & Poor's, AAA Rating | Collateralized loan obligations
Debt Securities, Available-for-sale [Line Items]
Number of positions held, percentage of total27.00%
Standard & Poor's, AA Rating | Collateralized loan obligations
Debt Securities, Available-for-sale [Line Items]
Number of positions held, percentage of total24.00%

Securities - Amortized Cost a_2

Securities - Amortized Cost and Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Amortized Cost
Held to maturity, amortized cost, total $ 512,307 $ 184,484
Fair Value
Held to maturity, fair value, total500,720 192,179
Amortized Cost
Available for sale, amortized cost, total1,039,557 1,371,539
Fair Value
Available for sale, fair value, total1,051,396 1,398,157
Other Debt Obligations
Amortized Cost
Held to maturity, amortized cost, due in less than one year0
Held to maturity, amortized cost, due after one year through five years0
Held to maturity, amortized cost, due after five years through ten years0
Held to maturity, amortized cost, due after ten years0
Held to maturity, amortized cost, total0
Fair Value
Held to maturity, fair value, due in less than one year0
Held to maturity, fair value, due after one year through five years0
Held to maturity, fair value, due after five years through ten years0
Held to maturity, fair value, due after ten years0
Held to maturity, fair value, total0
Amortized Cost
Available for sale, amortized cost, due in less than one year435
Available for sale, amortized cost, due after one year through five years12,400
Available for sale, amortized cost, due after five years through ten years8,113
Available for sale, amortized cost, due after ten years19,652
Available for sale, amortized cost, total40,600
Fair Value
Available for sale, fair value, due in less than one year437
Available for sale, fair value, due after one year through five years13,310
Available for sale, fair value, due after five years through ten years8,464
Available for sale, fair value, due after ten years20,611
Available for sale, fair value, total42,822
Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities
Amortized Cost
Held to maturity, amortized cost, total512,307
Fair Value
Held to maturity, fair value, total500,720 192,179
Amortized Cost
Available for sale, amortized cost, total746,409 1,038,437
Fair Value
Available for sale, fair value, total754,219 1,060,654
Private mortgage-backed securities and collateralized mortgage obligations
Amortized Cost
Held to maturity, amortized cost, total0
Fair Value
Held to maturity, fair value, total0
Amortized Cost
Available for sale, amortized cost, total80,156 89,284
Fair Value
Available for sale, fair value, total81,884 91,205
Collateralized loan obligations
Amortized Cost
Held to maturity, amortized cost, total0
Fair Value
Held to maturity, fair value, total0
Amortized Cost
Available for sale, amortized cost, total172,392 202,563
Fair Value
Available for sale, fair value, total $ 172,471 $ 202,195

Securities - Schedule of Unreal

Securities - Schedule of Unrealized Loss and Fair Value on Investments (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Fair Value
Less Than 12 Months $ 463,620 $ 332,099
12 Months or Longer35,605 73,338
Total499,225 405,437
Unrealized Losses
Less Than 12 Months(7,102)(1,530)
12 Months or Longer(148)(568)
Total(7,250)(2,098)
U.S. Treasury securities and obligations of U.S. government agencies
Fair Value
Less Than 12 Months0 0
12 Months or Longer253 256
Total253 256
Unrealized Losses
Less Than 12 Months0 0
12 Months or Longer(2)(1)
Total(2)(1)
Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities
Fair Value
Less Than 12 Months314,851 203,405
12 Months or Longer4,888 569
Total319,739 203,974
Unrealized Losses
Less Than 12 Months(6,725)(1,218)
12 Months or Longer(49)(22)
Total(6,774)(1,240)
Private mortgage-backed securities and collateralized mortgage obligations
Fair Value
Less Than 12 Months18,752 23,997
12 Months or Longer2,029 0
Total20,781 23,997
Unrealized Losses
Less Than 12 Months(236)(210)
12 Months or Longer(25)0
Total(261)(210)
Collateralized loan obligations
Fair Value
Less Than 12 Months125,035 104,697
12 Months or Longer28,435 72,513
Total153,470 177,210
Unrealized Losses
Less Than 12 Months(88)(102)
12 Months or Longer(72)(545)
Total(160) $ (647)
Obligations of state and political subdivisions
Fair Value
Less Than 12 Months4,982
12 Months or Longer0
Total4,982
Unrealized Losses
Less Than 12 Months(53)
12 Months or Longer0
Total $ (53)

Loans - Schedule of Portfolio L

Loans - Schedule of Portfolio Loans, Purchased Credit Impaired Loans and Purchased Unimpaired Loans (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans $ 5,661,492 $ 5,735,349
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans227,117 245,108
Commercial real estate - owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans1,133,085 1,141,310
Commercial real estate - non owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans1,438,365 1,395,854
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans1,246,549 1,342,628
Commercial and financial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans860,813 854,753
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans173,910 188,735
Paycheck Protection Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans581,653 566,961
Portfolio Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans4,756,219 4,711,737
Portfolio Loans | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans206,627 216,420
Portfolio Loans | Commercial real estate - owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans868,347 854,769
Portfolio Loans | Commercial real estate - non owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans1,116,362 1,043,459
Portfolio Loans | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans1,088,822 1,155,914
Portfolio Loans | Commercial and financial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans760,975 743,846
Portfolio Loans | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans167,778 181,797
Portfolio Loans | Paycheck Protection Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans547,308 515,532
Acquired Non-PCD Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans812,694 925,434
Acquired Non-PCD Loans | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans18,465 26,250
Acquired Non-PCD Loans | Commercial real estate - owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans225,785 247,090
Acquired Non-PCD Loans | Commercial real estate - non owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans294,128 323,273
Acquired Non-PCD Loans | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans149,762 176,105
Acquired Non-PCD Loans | Commercial and financial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans84,309 94,627
Acquired Non-PCD Loans | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans5,900 6,660
Acquired Non-PCD Loans | Paycheck Protection Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans34,345 51,429
PCD Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans92,579 98,178
PCD Loans | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans2,025 2,438
PCD Loans | Commercial real estate - owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans38,953 39,451
PCD Loans | Commercial real estate - non owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans27,875 29,122
PCD Loans | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans7,965 10,609
PCD Loans | Commercial and financial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans15,529 16,280
PCD Loans | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans232 278
PCD Loans | Paycheck Protection Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans $ 0 $ 0

Loans - Narrative (Details)

Loans - Narrative (Details) $ in Thousands3 Months Ended12 Months Ended
Mar. 31, 2021USD ($)contractMar. 31, 2020USD ($)contractDec. 31, 2020USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Net deferred costs $ 22,600
Accrued interest receivable $ 20,900 25,800
Interest income from securities with no related allowance200 $ 300
Value of loans deferred, not classified as TDRs $ 28,408 74,062
Percentage on payment deferral0.60%
Allowance for credit loss on TDRs $ 200 $ 100
Number of loans under trouble debt restructuring | contract0 3
Amount of loans in default $ 1,400
Interest income related to impaired loans with impairment measured on present value of expected future cash flows $ 5 $ 24
Maximum
Financing Receivable, Troubled Debt Restructuring [Line Items]
Value of loans deferred, not classified as TDRs $ 1,100,000
Percentage on payment deferral21.00%
Portfolio Loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Net deferred costs $ 23,800
Portfolio Loans | Paycheck Protection Program
Financing Receivable, Troubled Debt Restructuring [Line Items]
Net deferred fees13,500 9,500
Loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Remaining fair value adjustment for loans acquired $ 27,300 $ 30,200
Percentage of fair value adjustment for loans acquired2.90%2.90%

Loans - Past Due Financing Rece

Loans - Past Due Financing Receivables (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Current $ 5,616,641 $ 5,689,158
Nonaccrual35,328 36,110
Loans5,661,492 5,735,349
Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due7,584 6,382
Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due1,218 3,636
Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due721 63
Construction and land development
Financing Receivable, Past Due [Line Items]
Nonaccrual162 167
Loans227,117 245,108
Commercial real estate - owner-occupied
Financing Receivable, Past Due [Line Items]
Nonaccrual7,165 8,181
Loans1,133,085 1,141,310
Commercial real estate - non owner-occupied
Financing Receivable, Past Due [Line Items]
Nonaccrual7,871 8,084
Loans1,438,365 1,395,854
Residential real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual13,613 12,492
Loans1,246,549 1,342,628
Commercial and financial
Financing Receivable, Past Due [Line Items]
Nonaccrual6,094 6,604
Loans860,813 854,753
Consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual423 582
Loans173,910 188,735
Paycheck Protection Program
Financing Receivable, Past Due [Line Items]
Loans581,653 566,961
Portfolio Loans
Financing Receivable, Past Due [Line Items]
Current4,729,216 4,685,456
Nonaccrual18,180 18,270
Loans4,756,219 4,711,737
Portfolio Loans | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due6,988 4,416
Portfolio Loans | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due1,114 3,532
Portfolio Loans | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due721 63
Portfolio Loans | Construction and land development
Financing Receivable, Past Due [Line Items]
Current206,473 216,262
Nonaccrual154 158
Loans206,627 216,420
Portfolio Loans | Construction and land development | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Portfolio Loans | Construction and land development | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Portfolio Loans | Construction and land development | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Portfolio Loans | Commercial real estate - owner-occupied
Financing Receivable, Past Due [Line Items]
Current865,373 851,222
Nonaccrual2,242 2,471
Loans868,347 854,769
Portfolio Loans | Commercial real estate - owner-occupied | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due732 1,076
Portfolio Loans | Commercial real estate - owner-occupied | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Portfolio Loans | Commercial real estate - owner-occupied | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Portfolio Loans | Commercial real estate - non owner-occupied
Financing Receivable, Past Due [Line Items]
Current1,114,278 1,041,306
Nonaccrual2,084 2,153
Loans1,116,362 1,043,459
Portfolio Loans | Commercial real estate - non owner-occupied | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Portfolio Loans | Commercial real estate - non owner-occupied | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Portfolio Loans | Commercial real estate - non owner-occupied | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Portfolio Loans | Residential real estate
Financing Receivable, Past Due [Line Items]
Current1,073,848 1,142,893
Nonaccrual8,832 8,531
Loans1,088,822 1,155,914
Portfolio Loans | Residential real estate | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due4,344 3,002
Portfolio Loans | Residential real estate | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due1,078 1,427
Portfolio Loans | Residential real estate | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due720 61
Portfolio Loans | Commercial and financial
Financing Receivable, Past Due [Line Items]
Current755,349 737,362
Nonaccrual4,445 4,382
Loans760,975 743,846
Portfolio Loans | Commercial and financial | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due1,144 135
Portfolio Loans | Commercial and financial | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due36 1,967
Portfolio Loans | Commercial and financial | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due1 0
Portfolio Loans | Consumer
Financing Receivable, Past Due [Line Items]
Current166,587 180,879
Nonaccrual423 575
Loans167,778 181,797
Portfolio Loans | Consumer | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due768 203
Portfolio Loans | Consumer | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 138
Portfolio Loans | Consumer | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 2
Portfolio Loans | Paycheck Protection Program
Financing Receivable, Past Due [Line Items]
Current547,308 515,532
Nonaccrual0 0
Loans547,308 515,532
Portfolio Loans | Paycheck Protection Program | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Portfolio Loans | Paycheck Protection Program | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Portfolio Loans | Paycheck Protection Program | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans
Financing Receivable, Past Due [Line Items]
Current804,634 915,799
Nonaccrual7,360 7,690
Loans812,694 925,434
Acquired Non-PCD Loans | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due596 1,841
Acquired Non-PCD Loans | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due104 104
Acquired Non-PCD Loans | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Construction and land development
Financing Receivable, Past Due [Line Items]
Current18,465 26,250
Nonaccrual0 0
Loans18,465 26,250
Acquired Non-PCD Loans | Construction and land development | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Construction and land development | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Construction and land development | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Commercial real estate - owner-occupied
Financing Receivable, Past Due [Line Items]
Current223,758 244,486
Nonaccrual2,027 2,604
Loans225,785 247,090
Acquired Non-PCD Loans | Commercial real estate - owner-occupied | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Commercial real estate - owner-occupied | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Commercial real estate - owner-occupied | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Commercial real estate - non owner-occupied
Financing Receivable, Past Due [Line Items]
Current293,148 322,264
Nonaccrual980 1,009
Loans294,128 323,273
Acquired Non-PCD Loans | Commercial real estate - non owner-occupied | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Commercial real estate - non owner-occupied | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Commercial real estate - non owner-occupied | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Residential real estate
Financing Receivable, Past Due [Line Items]
Current145,347 171,507
Nonaccrual3,715 2,889
Loans149,762 176,105
Acquired Non-PCD Loans | Residential real estate | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due596 1,605
Acquired Non-PCD Loans | Residential real estate | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due104 104
Acquired Non-PCD Loans | Residential real estate | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Commercial and financial
Financing Receivable, Past Due [Line Items]
Current83,671 93,223
Nonaccrual638 1,188
Loans84,309 94,627
Acquired Non-PCD Loans | Commercial and financial | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 216
Acquired Non-PCD Loans | Commercial and financial | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Commercial and financial | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Consumer
Financing Receivable, Past Due [Line Items]
Current5,900 6,640
Nonaccrual0 0
Loans5,900 6,660
Acquired Non-PCD Loans | Consumer | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 20
Acquired Non-PCD Loans | Consumer | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Consumer | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Paycheck Protection Program
Financing Receivable, Past Due [Line Items]
Current34,345 51,429
Nonaccrual0 0
Loans34,345 51,429
Acquired Non-PCD Loans | Paycheck Protection Program | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Paycheck Protection Program | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
Acquired Non-PCD Loans | Paycheck Protection Program | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans
Financing Receivable, Past Due [Line Items]
Current82,791 87,903
Nonaccrual9,788 10,150
Loans92,579 98,178
PCD Loans | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 125
PCD Loans | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Construction and land development
Financing Receivable, Past Due [Line Items]
Current2,017 2,429
Nonaccrual8 9
Loans2,025 2,438
PCD Loans | Construction and land development | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Construction and land development | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Construction and land development | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Commercial real estate - owner-occupied
Financing Receivable, Past Due [Line Items]
Current36,057 36,345
Nonaccrual2,896 3,106
Loans38,953 39,451
PCD Loans | Commercial real estate - owner-occupied | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Commercial real estate - owner-occupied | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Commercial real estate - owner-occupied | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Commercial real estate - non owner-occupied
Financing Receivable, Past Due [Line Items]
Current23,068 24,200
Nonaccrual4,807 4,922
Loans27,875 29,122
PCD Loans | Commercial real estate - non owner-occupied | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Commercial real estate - non owner-occupied | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Commercial real estate - non owner-occupied | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Residential real estate
Financing Receivable, Past Due [Line Items]
Current6,899 9,537
Nonaccrual1,066 1,072
Loans7,965 10,609
PCD Loans | Residential real estate | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Residential real estate | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Residential real estate | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Commercial and financial
Financing Receivable, Past Due [Line Items]
Current14,518 15,121
Nonaccrual1,011 1,034
Loans15,529 16,280
PCD Loans | Commercial and financial | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 125
PCD Loans | Commercial and financial | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Commercial and financial | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Consumer
Financing Receivable, Past Due [Line Items]
Current232 271
Nonaccrual0 7
Loans232 278
PCD Loans | Consumer | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Consumer | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Consumer | Accruing Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Financing receivable, recorded investment, past due0 0
PCD Loans | Paycheck Protection Program
Financing Receivable, Past Due [Line Items]
Loans $ 0 $ 0

Loans - Schedule of Nonaccrual

Loans - Schedule of Nonaccrual Loans by Loan Category (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans With No Related Allowance $ 26,375 $ 26,624
Nonaccrual Loans With an Allowance8,953 9,486
Total Nonaccrual Loans35,328 36,110
Allowance for Credit Losses4,857 5,832
Construction and land development
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans With No Related Allowance144 148
Nonaccrual Loans With an Allowance18 19
Total Nonaccrual Loans162 167
Allowance for Credit Losses7 8
Commercial real estate - owner-occupied
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans With No Related Allowance6,891 7,893
Nonaccrual Loans With an Allowance274 288
Total Nonaccrual Loans7,165 8,181
Allowance for Credit Losses274 287
Commercial real estate - non owner-occupied
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans With No Related Allowance3,946 5,666
Nonaccrual Loans With an Allowance3,925 2,418
Total Nonaccrual Loans7,871 8,084
Allowance for Credit Losses1,746 1,640
Residential real estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans With No Related Allowance11,592 9,520
Nonaccrual Loans With an Allowance2,021 2,972
Total Nonaccrual Loans13,613 12,492
Allowance for Credit Losses1,123 1,587
Commercial and financial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans With No Related Allowance3,751 3,175
Nonaccrual Loans With an Allowance2,343 3,429
Total Nonaccrual Loans6,094 6,604
Allowance for Credit Losses1,620 2,235
Consumer
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans With No Related Allowance51 222
Nonaccrual Loans With an Allowance372 360
Total Nonaccrual Loans423 582
Allowance for Credit Losses $ 87 $ 75

Loans - Schedule of Collateral

Loans - Schedule of Collateral Dependent Loans (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Total collateral dependent loans $ 47,157 $ 47,902
Construction and land development
Financing Receivable, Allowance for Credit Loss [Line Items]
Total collateral dependent loans181 189
Commercial real estate - owner-occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total collateral dependent loans11,503 11,992
Commercial real estate - non owner-occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total collateral dependent loans7,114 7,285
Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total collateral dependent loans17,460 16,652
Commercial and financial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total collateral dependent loans10,475 11,198
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total collateral dependent loans $ 424 $ 586

Loans - Risk Categories of Loan

Loans - Risk Categories of Loans by Class of Loans (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year $ 452,116 $ 1,309,434
One year prior to current fiscal year1,111,692 912,701
Two years prior to current fiscal year860,674 779,840
Three years prior to current fiscal year699,000 589,022
Four years prior to current fiscal year536,244 582,417
Prior1,406,464 928,105
Revolving595,302 633,830
Total5,661,492 5,735,349
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year452,116 1,302,389
One year prior to current fiscal year1,105,052 898,213
Two years prior to current fiscal year846,099 741,734
Three years prior to current fiscal year660,955 562,336
Four years prior to current fiscal year503,893 553,531
Prior1,341,779 885,576
Revolving589,558 628,070
Total5,499,452 5,571,849
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 6,108
One year prior to current fiscal year6,007 3,507
Two years prior to current fiscal year3,259 19,722
Three years prior to current fiscal year20,264 13,953
Four years prior to current fiscal year18,962 14,820
Prior19,283 7,235
Revolving3,291 2,544
Total71,066 67,889
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 504
One year prior to current fiscal year153 41
Two years prior to current fiscal year41 12,725
Three years prior to current fiscal year12,244 7,256
Four years prior to current fiscal year5,728 10,823
Prior22,830 14,083
Revolving484 1,092
Total41,480 46,524
Substandard Impaired
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 433
One year prior to current fiscal year480 10,940
Two years prior to current fiscal year11,275 5,659
Three years prior to current fiscal year5,037 5,477
Four years prior to current fiscal year7,661 3,243
Prior22,572 21,211
Revolving1,969 2,104
Total48,994 49,067
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year500 0
Four years prior to current fiscal year0 0
Prior0 0
Revolving0 20
Total500 20
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year11,721 62,313
One year prior to current fiscal year61,751 52,629
Two years prior to current fiscal year41,791 51,985
Three years prior to current fiscal year36,229 15,910
Four years prior to current fiscal year12,106 7,335
Prior25,904 19,612
Revolving37,615 35,324
Total227,117 245,108
Construction and land development | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year11,721 62,107
One year prior to current fiscal year61,751 52,384
Two years prior to current fiscal year41,791 46,067
Three years prior to current fiscal year27,743 15,873
Four years prior to current fiscal year12,069 7,335
Prior24,206 17,873
Revolving37,615 35,324
Total216,896 236,963
Construction and land development | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 206
One year prior to current fiscal year0 245
Two years prior to current fiscal year0 5,918
Three years prior to current fiscal year8,486 0
Four years prior to current fiscal year0 0
Prior262 1,449
Revolving0 0
Total8,748 7,818
Construction and land development | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year0 0
Four years prior to current fiscal year0 0
Prior1,212 51
Revolving0 0
Total1,212 51
Construction and land development | Substandard Impaired
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year0 37
Four years prior to current fiscal year37 0
Prior224 239
Revolving0 0
Total261 276
Construction and land development | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year0 0
Four years prior to current fiscal year0 0
Prior0 0
Revolving0 0
Total0 0
Commercial real estate - owner-occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year39,915 161,726
One year prior to current fiscal year159,018 203,568
Two years prior to current fiscal year200,267 160,328
Three years prior to current fiscal year152,561 144,412
Four years prior to current fiscal year138,569 154,815
Prior429,691 302,204
Revolving13,064 14,257
Total1,133,085 1,141,310
Commercial real estate - owner-occupied | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year39,915 155,953
One year prior to current fiscal year153,127 198,559
Two years prior to current fiscal year195,476 156,276
Three years prior to current fiscal year150,551 138,341
Four years prior to current fiscal year132,555 148,389
Prior412,493 287,772
Revolving13,064 14,255
Total1,097,181 1,099,545
Commercial real estate - owner-occupied | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 5,773
One year prior to current fiscal year5,891 1,858
Two years prior to current fiscal year1,839 3,305
Three years prior to current fiscal year1,294 0
Four years prior to current fiscal year0 4,471
Prior8,202 4,050
Revolving0 2
Total17,226 19,459
Commercial real estate - owner-occupied | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year0 4,709
Four years prior to current fiscal year4,152 1,955
Prior5,423 5,508
Revolving0 0
Total9,575 12,172
Commercial real estate - owner-occupied | Substandard Impaired
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 3,151
Two years prior to current fiscal year2,952 747
Three years prior to current fiscal year716 1,362
Four years prior to current fiscal year1,862 0
Prior3,573 4,874
Revolving0 0
Total9,103 10,134
Commercial real estate - owner-occupied | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year0 0
Four years prior to current fiscal year0 0
Prior0 0
Revolving0 0
Total0 0
Commercial real estate - non owner-occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year79,711 159,299
One year prior to current fiscal year161,211 316,136
Two years prior to current fiscal year313,925 220,308
Three years prior to current fiscal year207,944 130,937
Four years prior to current fiscal year128,382 194,299
Prior538,108 366,279
Revolving9,084 8,596
Total1,438,365 1,395,854
Commercial real estate - non owner-occupied | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year79,711 159,299
One year prior to current fiscal year161,211 313,287
Two years prior to current fiscal year311,098 201,112
Three years prior to current fiscal year188,793 123,357
Four years prior to current fiscal year111,807 175,623
Prior510,852 356,943
Revolving9,084 8,596
Total1,372,556 1,338,217
Commercial real estate - non owner-occupied | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 431
Two years prior to current fiscal year430 9,487
Three years prior to current fiscal year9,443 7,580
Four years prior to current fiscal year16,575 10,240
Prior9,800 114
Revolving0 0
Total36,248 27,852
Commercial real estate - non owner-occupied | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 9,709
Three years prior to current fiscal year9,708 0
Four years prior to current fiscal year0 8,311
Prior11,981 3,682
Revolving0 0
Total21,689 21,702
Commercial real estate - non owner-occupied | Substandard Impaired
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 2,418
Two years prior to current fiscal year2,397 0
Three years prior to current fiscal year0 0
Four years prior to current fiscal year0 125
Prior5,475 5,540
Revolving0 0
Total7,872 8,083
Commercial real estate - non owner-occupied | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year0 0
Four years prior to current fiscal year0 0
Prior0 0
Revolving0 0
Total0 0
Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year21,192 97,278
One year prior to current fiscal year118,812 145,055
Two years prior to current fiscal year126,719 205,630
Three years prior to current fiscal year176,247 208,424
Four years prior to current fiscal year181,218 161,327
Prior291,385 171,831
Revolving330,976 353,083
Total1,246,549 1,342,628
Residential real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year21,192 96,819
One year prior to current fiscal year118,310 144,329
Two years prior to current fiscal year125,666 204,077
Three years prior to current fiscal year174,835 205,046
Four years prior to current fiscal year175,133 160,612
Prior280,387 159,742
Revolving327,456 350,502
Total1,222,979 1,321,127
Residential real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year49 0
Two years prior to current fiscal year0 33
Three years prior to current fiscal year70 720
Four years prior to current fiscal year2,069 0
Prior319 966
Revolving1,579 479
Total4,086 2,198
Residential real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 350
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year0 896
Four years prior to current fiscal year0 0
Prior388 1,452
Revolving40 100
Total428 2,798
Residential real estate | Substandard Impaired
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 109
One year prior to current fiscal year453 726
Two years prior to current fiscal year1,053 1,520
Three years prior to current fiscal year1,342 1,762
Four years prior to current fiscal year4,016 715
Prior10,291 9,671
Revolving1,901 2,002
Total19,056 16,505
Residential real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year0 0
Four years prior to current fiscal year0 0
Prior0 0
Revolving0 0
Total0 0
Commercial and financial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year60,114 215,316
One year prior to current fiscal year218,787 152,093
Two years prior to current fiscal year140,271 110,949
Three years prior to current fiscal year99,476 70,295
Four years prior to current fiscal year59,640 42,386
Prior92,962 58,336
Revolving189,563 205,378
Total860,813 854,753
Commercial and financial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year60,114 214,774
One year prior to current fiscal year218,567 146,511
Two years prior to current fiscal year134,501 103,769
Three years prior to current fiscal year92,551 60,782
Four years prior to current fiscal year56,103 39,692
Prior86,551 53,758
Revolving188,805 204,304
Total837,192 823,590
Commercial and financial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 71
One year prior to current fiscal year67 946
Two years prior to current fiscal year905 965
Three years prior to current fiscal year919 5,612
Four years prior to current fiscal year293 67
Prior95 635
Revolving436 209
Total2,715 8,505
Commercial and financial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 154
One year prior to current fiscal year153 41
Two years prior to current fiscal year41 3,016
Three years prior to current fiscal year2,536 1,609
Four years prior to current fiscal year1,560 553
Prior3,826 3,239
Revolving254 764
Total8,370 9,376
Commercial and financial | Substandard Impaired
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 317
One year prior to current fiscal year0 4,595
Two years prior to current fiscal year4,824 3,199
Three years prior to current fiscal year2,970 2,292
Four years prior to current fiscal year1,684 2,074
Prior2,490 704
Revolving68 81
Total12,036 13,262
Commercial and financial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year500 0
Four years prior to current fiscal year0 0
Prior0 0
Revolving0 20
Total500 20
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year7,025 46,541
One year prior to current fiscal year42,898 43,220
Two years prior to current fiscal year37,701 30,640
Three years prior to current fiscal year26,543 19,044
Four years prior to current fiscal year16,329 22,255
Prior28,414 9,843
Revolving15,000 17,192
Total173,910 188,735
Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year7,025 46,476
One year prior to current fiscal year42,871 43,143
Two years prior to current fiscal year37,567 30,433
Three years prior to current fiscal year26,482 18,937
Four years prior to current fiscal year16,226 21,880
Prior27,290 9,488
Revolving13,534 15,089
Total170,995 185,446
Consumer | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 58
One year prior to current fiscal year0 27
Two years prior to current fiscal year85 14
Three years prior to current fiscal year52 41
Four years prior to current fiscal year25 42
Prior605 21
Revolving1,276 1,854
Total2,043 2,057
Consumer | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year0 42
Four years prior to current fiscal year16 4
Prior0 151
Revolving190 228
Total206 425
Consumer | Substandard Impaired
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 7
One year prior to current fiscal year27 50
Two years prior to current fiscal year49 193
Three years prior to current fiscal year9 24
Four years prior to current fiscal year62 329
Prior519 183
Revolving0 21
Total666 807
Consumer | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year0 0
One year prior to current fiscal year0 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year0 0
Four years prior to current fiscal year0 0
Prior0 0
Revolving0 0
Total0 0
Paycheck Protection Program
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year232,438 566,961
One year prior to current fiscal year349,215 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year0 0
Four years prior to current fiscal year0 0
Prior0 0
Revolving0 0
Total581,653 566,961
Paycheck Protection Program | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year232,438 566,961
One year prior to current fiscal year349,215 0
Two years prior to current fiscal year0 0
Three years prior to current fiscal year0 0
Four years prior to current fiscal year0 0
Prior0 0
Revolving0 0
Total $ 581,653 $ 566,961

Loans - Schedule of Loans in De

Loans - Schedule of Loans in Deferral (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Financing Receivable, Nonaccrual [Line Items]
Value of loans deferred, not classified as TDRs $ 28,408 $ 74,062
Construction and land development
Financing Receivable, Nonaccrual [Line Items]
Value of loans deferred, not classified as TDRs1,037 1,032
Commercial real estate - owner-occupied
Financing Receivable, Nonaccrual [Line Items]
Value of loans deferred, not classified as TDRs2,204 14,248
Commercial real estate - non owner-occupied
Financing Receivable, Nonaccrual [Line Items]
Value of loans deferred, not classified as TDRs8,797 32,549
Residential real estate
Financing Receivable, Nonaccrual [Line Items]
Value of loans deferred, not classified as TDRs5,286 12,839
Commercial and financial
Financing Receivable, Nonaccrual [Line Items]
Value of loans deferred, not classified as TDRs9,949 11,915
Consumer
Financing Receivable, Nonaccrual [Line Items]
Value of loans deferred, not classified as TDRs $ 1,135 $ 1,479

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructuring (Details) $ in Thousands3 Months Ended
Mar. 31, 2021USD ($)contractMar. 31, 2020USD ($)contract
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract1 5
Pre- Modification Outstanding Recorded Investment $ 27 $ 482
Post- Modification Outstanding Recorded Investment $ 27 $ 482
Construction and land development
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract0 0
Pre- Modification Outstanding Recorded Investment $ 0 $ 0
Post- Modification Outstanding Recorded Investment $ 0 $ 0
Commercial real estate - owner-occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract0 0
Pre- Modification Outstanding Recorded Investment $ 0 $ 0
Post- Modification Outstanding Recorded Investment $ 0 $ 0
Commercial real estate - non owner-occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract0 0
Pre- Modification Outstanding Recorded Investment $ 0 $ 0
Post- Modification Outstanding Recorded Investment $ 0 $ 0
Residential real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract1 1
Pre- Modification Outstanding Recorded Investment $ 27 $ 45
Post- Modification Outstanding Recorded Investment $ 27 $ 45
Commercial and financial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract0 4
Pre- Modification Outstanding Recorded Investment $ 0 $ 437
Post- Modification Outstanding Recorded Investment $ 0 $ 437
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract0 0
Pre- Modification Outstanding Recorded Investment $ 0 $ 0
Post- Modification Outstanding Recorded Investment $ 0 $ 0

Allowance for Credit Losses - A

Allowance for Credit Losses - Activity in Allowance for Credit Losses (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance $ 92,733 $ 35,154
Initial Allowance on PCD Loans Acquired During the Period516
Provision for credit losses(5,715)29,513
Charge- Offs(941)(1,647)
Recoveries571 673
TDR Allowance Adjustments(5)(24)
Ending Balance86,643 85,411
Construction and land development
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance4,920 1,842
Initial Allowance on PCD Loans Acquired During the Period48
Provision for credit losses(510)1,248
Charge- Offs0 0
Recoveries18 29
TDR Allowance Adjustments0 0
Ending Balance4,428 4,646
Commercial real estate - owner-occupied
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance9,868 5,361
Initial Allowance on PCD Loans Acquired During the Period207
Provision for credit losses(76)(264)
Charge- Offs0 (44)
Recoveries0 0
TDR Allowance Adjustments0 (13)
Ending Balance9,792 5,327
Commercial real estate - non owner-occupied
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance38,266 7,863
Initial Allowance on PCD Loans Acquired During the Period140
Provision for credit losses(2,038)18,283
Charge- Offs0 (12)
Recoveries1 28
TDR Allowance Adjustments0 0
Ending Balance36,229 35,643
Residential real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance17,500 7,667
Initial Allowance on PCD Loans Acquired During the Period97
Provision for credit losses(3,372)6,260
Charge- Offs0 (18)
Recoveries229 116
TDR Allowance Adjustments(4)(10)
Ending Balance14,353 19,899
Commercial and financial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance18,690 9,716
Initial Allowance on PCD Loans Acquired During the Period11
Provision for credit losses775 2,746
Charge- Offs(756)(1,100)
Recoveries207 420
TDR Allowance Adjustments0 0
Ending Balance18,916 15,470
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance3,489 2,705
Initial Allowance on PCD Loans Acquired During the Period13
Provision for credit losses(494)1,240
Charge- Offs(185)(473)
Recoveries116 80
TDR Allowance Adjustments(1)(1)
Ending Balance2,925 4,426
Paycheck Protection Program
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance0
Provision for credit losses0
Charge- Offs0
Recoveries0
TDR Allowance Adjustments0
Ending Balance $ 0
Cumulative change in accounting principle upon adoption of new accounting pronouncement
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance21,226
Cumulative change in accounting principle upon adoption of new accounting pronouncement | Construction and land development
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance1,479
Cumulative change in accounting principle upon adoption of new accounting pronouncement | Commercial real estate - owner-occupied
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance80
Cumulative change in accounting principle upon adoption of new accounting pronouncement | Commercial real estate - non owner-occupied
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance9,341
Cumulative change in accounting principle upon adoption of new accounting pronouncement | Residential real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance5,787
Cumulative change in accounting principle upon adoption of new accounting pronouncement | Commercial and financial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance3,677
Cumulative change in accounting principle upon adoption of new accounting pronouncement | Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance $ 862

Allowance for Credit Losses - S

Allowance for Credit Losses - Schedule of Loan Portfolio, Excluding PCI Loans and Related Allowance (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020Mar. 31, 2020Dec. 31, 2019
Recorded Investment
Individually Evaluated $ 49,601 $ 49,196
Collectively Evaluated5,611,891 5,686,153
Total5,661,492 5,735,349
Associated Allowance
Individually Evaluated6,312 7,708
Collectively Evaluated80,331 85,025
Total86,643 92,733 $ 85,411 $ 35,154
Construction and land development
Recorded Investment
Individually Evaluated261 276
Collectively Evaluated226,856 244,832
Total227,117 245,108
Associated Allowance
Individually Evaluated11 13
Collectively Evaluated4,417 4,907
Total4,428 4,920 4,646 1,842
Commercial real estate - owner-occupied
Recorded Investment
Individually Evaluated9,209 10,243
Collectively Evaluated1,123,876 1,131,067
Total1,133,085 1,141,310
Associated Allowance
Individually Evaluated422 402
Collectively Evaluated9,370 9,466
Total9,792 9,868 5,327 5,361
Commercial real estate - non owner-occupied
Recorded Investment
Individually Evaluated7,871 8,083
Collectively Evaluated1,430,494 1,387,771
Total1,438,365 1,395,854
Associated Allowance
Individually Evaluated1,746 1,640
Collectively Evaluated34,483 36,626
Total36,229 38,266 35,643 7,863
Residential real estate
Recorded Investment
Individually Evaluated19,057 16,506
Collectively Evaluated1,227,492 1,326,122
Total1,246,549 1,342,628
Associated Allowance
Individually Evaluated1,280 2,064
Collectively Evaluated13,073 15,436
Total14,353 17,500 19,899 7,667
Commercial and financial
Recorded Investment
Individually Evaluated12,536 13,281
Collectively Evaluated848,277 841,472
Total860,813 854,753
Associated Allowance
Individually Evaluated2,749 3,498
Collectively Evaluated16,167 15,192
Total18,916 18,690 15,470 9,716
Consumer
Recorded Investment
Individually Evaluated667 807
Collectively Evaluated173,243 187,928
Total173,910 188,735
Associated Allowance
Individually Evaluated104 91
Collectively Evaluated2,821 3,398
Total2,925 3,489 $ 4,426 $ 2,705
Paycheck Protection Program
Recorded Investment
Individually Evaluated0 0
Collectively Evaluated581,653 566,961
Total581,653 566,961
Associated Allowance
Individually Evaluated0 0
Collectively Evaluated0 0
Total $ 0 $ 0

Derivatives - Additional Inform

Derivatives - Additional Information (Details) $ in Thousands3 Months Ended12 Months Ended
Mar. 31, 2021USD ($)contractDec. 31, 2020USD ($)
Derivative [Line Items]
Loss recognized in OCI $ 200
Reclassification from AOCI into income42
Back-to-back swaps
Derivative [Line Items]
Notional amount $ 183,491 $ 182,379
Weighted average maturity (in years)7 years 4 months 24 days7 years 6 months
Back-to-back swaps | Other Assets and Other Liabilities
Derivative [Line Items]
Fair value of derivatives assets and liabilities $ 10,527 $ 13,339
Interest rate floors
Derivative [Line Items]
Notional amount $ 300,000 300,000
Number of derivative contracts | contract2
Amount expected to be reclassified from accumulated other comprehensive income into interest income $ 300
Interest rate floors | Other Assets
Derivative [Line Items]
Fair value of derivatives assets and liabilities778 1,004
Fair value of derivative assets800 $ 1,000
Interest Rate Floor, October 2023 Maturity
Derivative [Line Items]
Notional amount150,000
Interest Rate Floor, November 2023 Maturity
Derivative [Line Items]
Notional amount $ 150,000

Derivatives - Schedule of Deriv

Derivatives - Schedule of Derivative Instruments (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Back-to-back swaps
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount $ 183,491 $ 182,379
Back-to-back swaps | Other Assets and Other Liabilities
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of derivatives assets and liabilities10,527 13,339
Interest rate floors
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount300,000 300,000
Interest rate floors | Other Assets
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of derivatives assets and liabilities $ 778 $ 1,004

Securities Sold Under Agreeme_3

Securities Sold Under Agreements to Repurchase - Schedule of Securities Sold Under Agreements to Repurchase and Securities Pledged (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Carrying Value | Repurchase Agreement | Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities
Fair value of pledged securities - overnight and continuous:
Fair value of debt securities pledged as collateral $ 120,071 $ 137,268

Noninterest Income and Expens_2

Noninterest Income and Expense - Summary of Noninterest Income and Expense (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Noninterest Income [Abstract]
Interchange income $ 3,820 $ 3,246
Marine finance fees189 146
SBA gains287 139
BOLI income859 886
Other income3,744 3,352
Noninterest income, gross17,785 14,669
Securities (losses) gains, net(114)19
Total Noninterest Income (Note I – Noninterest Income and Expense)17,671 14,688
Noninterest expense
Salaries and wages21,393 23,698
Employee benefits4,980 4,255
Outsourced data processing costs4,468 4,633
Telephone/data lines785 714
Occupancy3,789 3,353
Furniture and equipment1,254 1,623
Marketing1,168 1,278
Legal and professional fees2,582 3,363
FDIC assessments526 0
Amortization of intangibles1,211 1,456
Foreclosed property expense and net gain on sale(65)(315)
Provision for credit losses on unfunded commitments0 46
Other4,029 3,694
Total46,120 47,798
Service charges on deposit accounts
Noninterest Income [Abstract]
Revenue from contracts with customers2,338 2,825
Wealth management income
Noninterest Income [Abstract]
Revenue from contracts with customers2,323 1,867
Mortgage banking fees
Noninterest Income [Abstract]
Revenue from contracts with customers $ 4,225 $ 2,208

Equity Capital - Narrative (Det

Equity Capital - Narrative (Details)Mar. 31, 2021
Equity [Abstract]
Regulatory threshold for well-capitalized institutions0.065

Fair Value - Fair Value of Asse

Fair Value - Fair Value of Assets Measured on Recurring and Nonrecurring Basis (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Financial Assets
Available for sale, fair value $ 1,051,396 $ 1,398,157
Loans held for sale60,924 68,890
Other real estate owned15,549 12,750
Collateral-Dependent Real Estate
Financial Assets
Loans9,900 8,800
Fair Value, Measurements, Recurring
Financial Assets
Available for sale, fair value1,051,396 1,398,157
Derivative financial instruments11,305 14,343
Loans held for sale60,924 68,890
Equity securities6,416 6,530
Financial Liabilities
Derivative financial instruments10,527 13,339
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial Assets
Available for sale, fair value199 101
Derivative financial instruments0 0
Loans held for sale0 0
Equity securities6,416 6,530
Financial Liabilities
Derivative financial instruments0 0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Financial Assets
Available for sale, fair value1,051,197 1,398,056
Derivative financial instruments11,305 14,343
Loans held for sale60,924 68,890
Equity securities0 0
Financial Liabilities
Derivative financial instruments10,527 13,339
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Financial Assets
Available for sale, fair value0 0
Derivative financial instruments0 0
Loans held for sale0 0
Equity securities0 0
Financial Liabilities
Derivative financial instruments0 0
Fair Value, Measurements, Nonrecurring
Financial Assets
Loans9,929 8,806
Other real estate owned15,549 12,750
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial Assets
Loans0 0
Other real estate owned0 0
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2)
Financial Assets
Loans1,368 1,900
Other real estate owned3,390 72
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3)
Financial Assets
Loans8,561 6,906
Other real estate owned $ 12,159 $ 12,678

Fair Value - Aggregate Fair Val

Fair Value - Aggregate Fair Value and Contractual Balance of Loans for Sale (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of loans held for sale $ 60,924 $ 68,890
Excess1,537 2,475
Contractual Balance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of loans held for sale $ 59,387 $ 66,415

Fair Value - Narrative (Details

Fair Value - Narrative (Details) - USD ($) $ in Millions3 Months Ended
Mar. 31, 2021Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Average capitalization rate7.20%
Additions $ 2
Paydowns and chargeoffs0.3
Collateral-Dependent Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of impaired loans9.9 $ 8.8
Specific reserve on collateral dependent loans6.3 $ 7.7
Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Paydowns and chargeoffs1.2
Reductions related to sale of loans $ 0.7

Fair Value - Carrying Amount an

Fair Value - Carrying Amount and Fair Value of Other Significant Financial Instruments Not Measured on a Recurring Basis (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Financial Assets
Debt securities held to maturity $ 512,307 $ 184,484
Time deposits with other banks750 750
Loans, net5,574,849 5,642,616
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial Assets
Debt securities held to maturity0 0
Time deposits with other banks0 0
Loans, net0 0
Financial Liabilities
Deposit liabilities0 0
Subordinated debt0 0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Financial Assets
Debt securities held to maturity500,720 192,179
Time deposits with other banks760 762
Loans, net0 0
Financial Liabilities
Deposit liabilities0 0
Subordinated debt58,285 58,227
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Financial Assets
Debt securities held to maturity0 0
Time deposits with other banks0 0
Loans, net5,608,009 5,686,019
Financial Liabilities
Deposit liabilities7,388,104 6,936,097
Subordinated debt0 0
Carrying Value | Fair Value, Measurements, Recurring
Financial Assets
Debt securities held to maturity512,307 184,484
Time deposits with other banks750 750
Loans, net5,651,563 5,633,810
Financial Liabilities
Deposit liabilities7,385,749 6,932,561
Subordinated debt $ 71,436 $ 71,365

Business Combinations - Narrati

Business Combinations - Narrative (Details) $ in ThousandsAug. 21, 2020USD ($)branchMar. 13, 2020USD ($)branchSep. 30, 2021USD ($)branch
Legacy Bank of Florida | Forecast
Business Acquisition [Line Items]
Number of branches operated | branch5
Deposits to be acquired in acquisition $ 501,000
Loans to be acquired in acquisition $ 490,000
Fourth Street Banking Company
Business Acquisition [Line Items]
Number of branches operated | branch2
Deposits to be acquired in acquisition $ 329,662
Loans to be acquired in acquisition $ 303,434
Percentage of common stock acquired100.00%
Common stock portion, number of Seacoast stock for each share of stock converted (in shares)0.1275
Goodwill recognized from acquisition, nondeductible $ 9,000
First Bank of the Palm Beaches
Business Acquisition [Line Items]
Number of branches operated | branch2
Deposits to be acquired in acquisition $ 173,741
Loans to be acquired in acquisition $ 146,777
Percentage of common stock acquired100.00%
Common stock portion, number of Seacoast stock for each share of stock converted (in shares)0.2000
Goodwill recognized from acquisition, nondeductible $ 6,900

Business Combinations - Purchas

Business Combinations - Purchase Price (Details) $ / shares in Units, shares in Thousands, $ in ThousandsAug. 21, 2020USD ($)$ / sharessharesMar. 13, 2020USD ($)$ / sharesshares
Fourth Street Banking Company
Business Acquisition [Line Items]
Number of common shares outstanding (in shares) | shares11,220
Shares issued upon conversion of convertible debt (in shares) | shares5,405
Per share exchange ratio (in shares)0.1275
Number of shares of common stock issued (in shares) | shares2,120
Multiplied by common stock price per share (in dollars per share) | $ / shares $ 19.40
Value of common stock issued $ 41,121
Cash paid for vested stock options596
Total purchase price $ 41,717
First Bank of the Palm Beaches
Business Acquisition [Line Items]
Number of common shares outstanding (in shares) | shares5,213
Per share exchange ratio (in shares)0.2000
Number of shares of common stock issued (in shares) | shares1,043
Multiplied by common stock price per share (in dollars per share) | $ / shares $ 20.17
Value of common stock issued $ 21,031
Cash paid for vested stock options866
Total purchase price $ 21,897

Business Combinations - Fair Va

Business Combinations - Fair Value of the Assets Purchased, Including Goodwill and Liabilities (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020Aug. 21, 2020Mar. 13, 2020
Assets:
Goodwill $ 221,176 $ 221,176
Fourth Street Banking Company
Assets:
Cash $ 38,082
Investment securities3,498
Loans303,434
Bank premises and equipment9,480
Core deposit intangibles1,310
Goodwill9,030
Other assets7,088
Total assets371,922
Liabilities:
Deposits329,662
Other liabilities543
Total liabilities $ 330,205
First Bank of the Palm Beaches
Assets:
Cash $ 34,749
Investment securities447
Loans146,777
Bank premises and equipment6,086
Core deposit intangibles819
Goodwill6,861
Other assets1,305
Total assets197,044
Liabilities:
Deposits173,741
Other liabilities1,406
Total liabilities175,147
First Bank of the Palm Beaches | Initially Measured
Assets:
Cash34,749
Investment securities447
Loans146,839
Bank premises and equipment6,086
Core deposit intangibles819
Goodwill6,799
Other assets1,285
Total assets197,024
Liabilities:
Deposits173,741
Other liabilities1,386
Total liabilities175,127
First Bank of the Palm Beaches | Measurement Period Adjustments
Assets:
Cash0
Investment securities0
Loans(62)
Bank premises and equipment0
Core deposit intangibles0
Goodwill62
Other assets20
Total assets20
Liabilities:
Deposits0
Other liabilities20
Total liabilities $ 20

Business Combinations - Fair _2

Business Combinations - Fair Value of Acquired Loans (Details) - USD ($) $ in ThousandsAug. 21, 2020Mar. 13, 2020
Fourth Street Banking Company
Business Acquisition [Line Items]
Book Balance $ 317,193
Fair Value303,434
Fourth Street Banking Company | Construction and land development
Business Acquisition [Line Items]
Book Balance9,197
Fair Value8,851
Fourth Street Banking Company | Commercial real estate - owner-occupied
Business Acquisition [Line Items]
Book Balance77,936
Fair Value75,215
Fourth Street Banking Company | Commercial real estate - non owner-occupied
Business Acquisition [Line Items]
Book Balance76,014
Fair Value71,171
Fourth Street Banking Company | Residential real estate
Business Acquisition [Line Items]
Book Balance23,548
Fair Value23,227
Fourth Street Banking Company | Commercial and financial
Business Acquisition [Line Items]
Book Balance72,745
Fair Value68,096
Fourth Street Banking Company | Consumer
Business Acquisition [Line Items]
Book Balance2,748
Fair Value2,694
Fourth Street Banking Company | PPP loans
Business Acquisition [Line Items]
Book Balance55,005
Fair Value $ 54,180
First Bank of the Palm Beaches
Business Acquisition [Line Items]
Book Balance $ 150,342
Fair Value146,777
First Bank of the Palm Beaches | Construction and land development
Business Acquisition [Line Items]
Book Balance9,493
Fair Value9,012
First Bank of the Palm Beaches | Commercial real estate - owner-occupied
Business Acquisition [Line Items]
Book Balance46,221
Fair Value45,171
First Bank of the Palm Beaches | Commercial real estate - non owner-occupied
Business Acquisition [Line Items]
Book Balance36,268
Fair Value35,079
First Bank of the Palm Beaches | Residential real estate
Business Acquisition [Line Items]
Book Balance47,569
Fair Value47,043
First Bank of the Palm Beaches | Commercial and financial
Business Acquisition [Line Items]
Book Balance9,659
Fair Value9,388
First Bank of the Palm Beaches | Consumer
Business Acquisition [Line Items]
Book Balance1,132
Fair Value $ 1,084

Business Combinations - Purch_2

Business Combinations - Purchased Credit Impaired Loans (Details) - USD ($) $ in ThousandsAug. 21, 2020Mar. 13, 2020
Fourth Street Banking Company
Business Acquisition [Line Items]
Total PCD loans acquired $ 303,434
First Bank of the Palm Beaches
Business Acquisition [Line Items]
Total PCD loans acquired $ 146,777
PCD Loans | Fourth Street Banking Company
Business Acquisition [Line Items]
Book balance of loans at acquisition59,455
Allowance for credit losses at acquisition(5,763)
Non-credit related discount(4,319)
Total PCD loans acquired $ 49,373
PCD Loans | First Bank of the Palm Beaches
Business Acquisition [Line Items]
Book balance of loans at acquisition43,682
Allowance for credit losses at acquisition(516)
Non-credit related discount(128)
Total PCD loans acquired $ 43,038

Subsequent Events (Details)

Subsequent Events (Details)Apr. 20, 2021$ / shares
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share) $ 0.13