Audit Information |
12 Months Ended |
|---|---|
Dec. 31, 2023 | |
| Audit Information [Abstract] | |
| Auditor Name | Crowe LLP |
| Auditor Location | Fort Lauderdale, Florida |
| Auditor Firm ID | 173 |
CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Income Statement [Abstract] | |||
| Gains (losses) included in other comprehensive income reclassifications | $ (2.9) | $ 0.0 | $ 2.2 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Statement of Comprehensive Income [Abstract] | |||
| Unrealized gains (losses) on available-for-sale securities, tax expense (benefit) | $ 7,700 | $ (57,100) | $ (8,200) |
| Amortization of unrealized (gains) losses on securities transferred to held-to-maturity, tax expense (benefit) | (13) | (7) | 21 |
| Reclassification adjustment for losses included in net income, tax (benefit) expense | (700) | (85) | |
| Unrealized gains on derivatives designated as fair value hedges, net of reclassifications to income, tax expense | 700 | ||
| Unrealized gains (losses) on derivatives designated as cash flow hedges, net of reclassifications to income, tax expense (benefit) | $ 100 | $ (26) | $ 100 |
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Statement of Financial Position [Abstract] | ||
| Held for investment, fair value, total | $ 558,359 | $ 617,741 |
| 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) | 85,480,183 | 72,099,136 |
| Common stock, shares outstanding (in shares) | 84,861,498 | 71,617,852 |
| Treasury stock (in shares) | 618,685 | 481,284 |
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands |
Total |
Common Stock |
Paid-in Capital |
Retained Earnings |
Treasury Stock |
Accumulated Other Comprehensive Income (Loss) |
|---|---|---|---|---|---|---|
| Beginning balance (in shares) at Dec. 31, 2020 | 55,243,000 | |||||
| Beginning balance at Dec. 31, 2020 | $ 1,130,402 | $ 5,524 | $ 856,092 | $ 256,701 | $ (8,285) | $ 20,370 |
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
| Comprehensive income | 97,039 | 124,403 | (27,364) | |||
| Stock based compensation expense (in shares) | 23,000 | |||||
| Stock based compensation expense | 8,685 | 8,685 | ||||
| Common stock issued for stock based employee benefit plans (in shares) | 167,000 | |||||
| Common stock issued for stock based employee benefit plans | (2,314) | $ 19 | (49) | (2,284) | ||
| Common stock issued for stock options (in shares) | 384,000 | |||||
| Common stock issued for stock options | 7,336 | $ 38 | 7,298 | |||
| Issuance of common stock, pursuant to acquisition (in shares) | 2,687,000 | |||||
| Issuance of common stock, pursuant to acquisition | 86,487 | $ 269 | 86,218 | |||
| Conversion of options, pursuant to acquisition | 5,607 | 5,607 | ||||
| Dividends on common stock | (22,506) | (22,506) | ||||
| Ending balance (in shares) at Dec. 31, 2021 | 58,504,000 | |||||
| Ending balance at Dec. 31, 2021 | 1,310,736 | $ 5,850 | 963,851 | 358,598 | (10,569) | (6,994) |
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
| Comprehensive income | (74,532) | 106,507 | (181,039) | |||
| Stock based compensation expense (in shares) | 21,000 | |||||
| Stock based compensation expense | 11,155 | 11,155 | ||||
| Common stock issued for stock based employee benefit plans (in shares) | 367,000 | |||||
| Common stock issued for stock based employee benefit plans | (2,507) | $ 40 | (97) | (2,450) | ||
| Common stock issued for stock options (in shares) | 522,000 | |||||
| Common stock issued for stock options | 5,916 | $ 52 | 5,864 | |||
| Issuance of common stock, pursuant to acquisition (in shares) | 12,204,000 | |||||
| Issuance of common stock, pursuant to acquisition | 397,236 | $ 1,220 | 396,016 | |||
| Conversion of options, pursuant to acquisition | 1,013 | 1,013 | ||||
| Dividends on common stock | $ (41,242) | (41,242) | ||||
| Ending balance (in shares) at Dec. 31, 2022 | 71,617,852 | 71,618,000 | ||||
| Ending balance at Dec. 31, 2022 | $ 1,607,775 | $ 7,162 | 1,377,802 | 423,863 | (13,019) | (188,033) |
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
| Comprehensive income | 132,188 | 104,033 | 28,155 | |||
| Stock based compensation expense (in shares) | 30,000 | |||||
| Stock based compensation expense | 13,440 | 13,440 | ||||
| Common stock issued for stock based employee benefit plans (in shares) | 970,000 | |||||
| Common stock issued for stock based employee benefit plans | 5,100 | $ 100 | 8,691 | (3,691) | ||
| Issuance of common stock, pursuant to acquisition (in shares) | 12,792,000 | |||||
| Issuance of common stock, pursuant to acquisition | 410,738 | $ 1,279 | 409,459 | |||
| Conversion of options, pursuant to acquisition | 10,304 | 10,304 | ||||
| Repurchase of common stock (in shares) | (549,000) | |||||
| Repurchase of common stock | (10,868) | $ (55) | (10,813) | |||
| Dividends on common stock | $ (60,591) | (60,591) | ||||
| Ending balance (in shares) at Dec. 31, 2023 | 84,861,498 | 84,861,000 | ||||
| Ending balance at Dec. 31, 2023 | $ 2,108,086 | $ 8,486 | $ 1,808,883 | $ 467,305 | $ (16,710) | $ (159,878) |
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Statement of Stockholders' Equity [Abstract] | |||
| Dividends on common stock (in dollars per share) | $ 0.71 | $ 0.64 | $ 0.39 |
Significant Accounting Policies |
12 Months Ended |
|---|---|
Dec. 31, 2023 | |
| Accounting Policies [Abstract] | |
| Significant Accounting Policies | Significant Accounting Policies General: Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) is a single segment financial holding company with one operating subsidiary bank, Seacoast National Bank (“Seacoast Bank”). The Company provides integrated financial services including commercial and consumer banking, wealth management, and mortgage and insurance services to customers at 77 full-service branches across Florida, and through advanced mobile and online banking solutions. The consolidated financial statements include the accounts of Seacoast and all its majority-owned subsidiaries but exclude trusts created for the issuance of trust preferred securities. In consolidation, all significant intercompany accounts and transactions are eliminated. The accounting and reporting policies of the Company are in accordance with accounting principles generally accepted in the United States of America, and they conform to general practices within the applicable industries. Certain prior period amounts have been reclassified to conform to the current period presentation. Use of Estimates: The preparation of 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 the determination of the allowance for credit losses, acquisition accounting and purchased loans, intangible assets and impairment testing, and other fair value measurements. Cash and Cash Equivalents: Cash and cash equivalents include cash and due from banks and interest-bearing bank balances. Cash equivalents have original maturities of three months or less, and accordingly, the carrying amount of these instruments is deemed to be a reasonable estimate of fair value. Time Deposits with Other Banks: Time deposits with other banks consist of certificates of deposit with original maturities greater than three months and are carried at cost. Securities Purchased and Sold Agreements: Securities purchased under resale agreements and securities sold under repurchase agreements are generally accounted for as collateralized financing transactions and are recorded at the amount at which the securities were acquired or sold plus accrued interest. It is the Company’s policy to take possession of securities purchased under resale agreements, which are primarily U.S. government and government agency securities. The fair value of securities purchased and sold is monitored and collateral is obtained from or returned to the counterparty when appropriate. Securities: Debt securities are classified as available-for-sale or held-to-maturity. Debt securities available-for-sale may be sold as part of the Company's asset/liability management or in response to, or in anticipation of, changes in interest rates and resulting prepayment risk, or for other factors, and are stated at fair value. Unrealized gains or losses are reflected as a component of shareholders' equity net of tax or included in noninterest income as appropriate. Debt securities held-to-maturity that the Company has the ability and intent to hold to maturity are carried at amortized cost. Equity securities with readily determinable fair values are considered marketable and measured at fair value with unrealized gains or losses included in noninterest income as securities gains or losses. Equity investments that do not have readily determinable fair values are considered non-marketable and are accounted for at cost under the measurement alternative to fair value, with adjustments for impairment and observable price changes if applicable. 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. Realized gains and losses are included in noninterest income as investment securities gains (losses). Interest and dividends on securities, including amortization of premiums and accretion of discounts on debt securities, is recognized in interest income on an accrual basis using the interest method. The Company anticipates prepayments of principal in the calculation of the effective yield for collateralized mortgage obligations and mortgage backed securities by obtaining estimates of prepayments from independent third parties. The adjusted cost of each specific security sold is used to compute realized gains or losses on the sale of securities on a trade date basis. Credit losses on securities: For securities classified as held-to-maturity, management estimates expected credit losses over the remaining expected life and recognizes this estimate as an allowance for credit losses. Debt securities that are available-for-sale are considered impaired if the fair value is less than amortized cost. Impairments are analyzed at an individual security level on a quarterly basis and both quantitative and qualitative assessments are utilized to determine if a security has a credit loss. Qualitative assessments consider a range of factors including: percent decline in fair value, rating downgrades, subordination, duration, amortized loan-to-value, and the ability of the issuers to pay all amounts due in accordance with the contractual terms. Quantitative assessments are based on a discounted cash flow analysis, which includes evaluating the timing and amount of the expected cash flows. If any portion of the decline in fair value is related to credit, then the credit loss is recognized as an allowance for credit loss and the noncredit portion is recognized in other comprehensive income. For securities classified as available-for-sale, both quantitative and qualitative assessments are utilized to determine if a security has a credit loss. Quantitative assessments are based on a discounted cash flow method. Qualitative assessments consider a range of factors including: percent decline in fair value, rating downgrades, subordination, duration, amortized loan-to-value, and the ability of the issuers to pay all amounts due in accordance with the contractual terms. Loans Held for Sale: The Company has elected to account for residential mortgage loans originated as held for sale at fair value. Changes in fair value are measured and recorded in Mortgage Banking Fees in noninterest income each period. The Company designates other loans as held for sale when it has the intent to sell them. These loans are recorded at the lower of cost or estimated fair value on an individual basis. When such loans are transferred to held for sale, any previously recorded allowance for credit losses is reversed into earnings and the loan is recorded at its amortized cost basis. Prior to the transfer, write-downs on the loans are recorded as charge-offs, establishing a new cost basis upon transfer. Loans Held for Investment: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are considered held for investment. Loans originated by Seacoast and held for investment are recognized at the principal amount outstanding, net of unearned income and amounts charged off. Unearned income includes discounts, premiums and deferred loan origination fees reduced by loan origination costs. Unearned income on loans is amortized to interest income over the life of the related loan using the effective interest rate method. Interest income is recognized on an accrual basis. Loans acquired through business acquisitions are recorded at fair value on the acquisition date. Loans that, as of the date of acquisition, have experienced a more-than-insignificant deterioration in credit quality since origination are classified as purchased credit deteriorated (“PCD”). Acquired loans that do not meet the definition of PCD are classified by the Company as acquired Non-PCD. Expected credit losses on loans not considered PCD are recognized through the provision for credit losses when the initial allowance is recorded. A loan for which the terms have been modified with principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay or a term extension and for which the borrower is experiencing financial difficulty, is considered to be a troubled borrower modification ("TBM"). Allowance for credit losses on loans: The allowance for credit losses represents management's best estimate of expected credit losses related to the loan portfolio at the balance sheet date. The allowance for credit losses is a valuation account that is deducted from the loans' amortized cost basis to present the net amount to be collected on loans. Loan balances deemed uncollectible are charged off against the allowance for credit losses and recoveries are credited to the allowance. In order to adjust the allowance to the current estimate of expected credit losses, charges or credits to the provision for credit losses are reflected in the Consolidated Statements of Income. The Company excludes accrued interest on loans from its determination of allowance. Portfolio segments represent the level at which the Company develops and documents its methodology for determining its allowance for credit losses. See Note 4 - Loans, for a description of each of the segments, which are disaggregated by similar risk characteristics such as customer and/or collateral type. The allowance for credit losses is measured on a collective basis when similar risk characteristics exist. 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. Economic forecast data is sourced from Moody’s Analytics (“Moody’s”), a firm recognized for its research, analysis, and economic forecasts. The forecasts of future economic conditions are over a period that has been deemed reasonable and supportable, and in segments where it can no longer develop reasonable and supportable forecasts, the Company reverts to longer-term historical loss experience to estimate losses over the remaining life of the loans. The forecast may utilize one scenario or a composite of scenarios based on management's judgment and expectations around the current and future macroeconomic outlook. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. In the implementation of CECL at January 1, 2020 and through June 30, 2022, the Company utilized a top-down allowance model based on an analysis of the probability of default (“PD”) and loss given default (“LGD”) to determine an expected loss by loan segment. During the third quarter of 2022, the Company transitioned to a tool that calculates the quantitative portion of expected credit losses at the individual loan level using a discounted cash flow methodology for its commercial loans and using a loss rate methodology for its consumer loans. The Moody's tool being utilized produces more granular results, incorporates more extensive historical loss data, and allows for a more efficient process. This change did not result in a material impact to the Company’s financial statements. Adjustments may be made to baseline reserves based on an assessment of internal and external influences on credit quality not fully reflected in the quantitative components of the allowance model. These influences may include elements such as changes in concentration, macroeconomic conditions, recent observable asset quality trends, staff turnover, regional market conditions, employment levels, model risk, and loan growth. Based upon management's assessments of these factors, the Company may apply qualitative adjustments to the allowance. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not also included in the collective evaluation. For loans that are individually evaluated, the allowance is determined through review of data specific to the borrower and the related collateral, if any. When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. The allowance for PCD loans is determined at the time of acquisition as the estimated expected credit loss of the outstanding balance or par value, based on the methodologies described previously for loans. The allowance recognized at acquisition is added to the acquisition date purchase price to determine the asset’s amortized cost basis. It is the Company's practice to ensure that the charge-off policy aligns with regulatory requirements. Losses on unsecured consumer loans are recognized at 90 days past due. In compliance with Federal Financial Institution Examination Council guidelines, secured consumer loans, including residential real estate, are typically charged off or charged down between 120 and 180 days past due, depending on the collateral type. Commercial loans and real estate loans are typically placed on nonaccrual status when principal or interest is past due for 90 days or more, unless the loan is both secured by collateral having realizable value sufficient to discharge the debt in-full and the loan is in process of collection. Secured loans may be charged down to the estimated value of the collateral with previously accrued unpaid interest reversed against interest income. Subsequent charge-offs may be required as a result of changes in the market value of collateral or other repayment prospects. Initial charge-off amounts are based on valuation estimates derived from appraisals or other market information. Generally, new appraisals are not received until the foreclosure process is completed; however, collateral values are evaluated periodically based on market information and incremental charge-offs are recorded if it is determined that collateral values have declined from their initial estimates. Derivative Instruments and Hedging Activities: The Company enters into derivative contracts, including swaps and floors, to meet the needs of customers who request such services and to manage the Company's exposure to interest rate fluctuations. Derivative contracts are carried at fair value and recorded in the consolidated balance sheet within Other Assets or Other Liabilities. The gain or loss resulting from changes in the fair value of interest rate swaps designated and qualifying as cash flow hedging instruments is initially reported as a component of other comprehensive income and subsequently reclassified into earnings through interest income in the same period in which the hedged transaction affects earnings. The gain or loss resulting from changes in the fair value of interest rate swaps designed as fair value hedges is classified in the statement of income or comprehensive income in the line item associated with the instrument being hedged. The Company discontinues hedge accounting prospectively when it is determined that the derivative contract is no longer effective in offsetting changes in the cash flows of the hedged item, the derivative expires or is terminated, management determines that the designation of the derivative as a hedging instrument is no longer appropriate or, for a cash flow hedge, the occurrence of the forecasted transaction is no longer probable. When hedge accounting on a cash flow hedge is discontinued, any subsequent changes in fair value of the derivative are recognized in earnings. The cumulative unrealized gain or loss related to a discontinuing cash flow hedge continues to be reported in Accumulated Other Comprehensive Income (“AOCI”) and is subsequently reclassified into earnings in the same period in which the hedged transactions affects earnings, unless it is probable that the forecasted transaction will not occur by the end of the originally specified time period, in which case the cumulative unrealized gain or loss in AOCI is reclassified into earnings immediately. Cash flows resulting from derivative financial instruments that are accounted for as hedges are classified in the cash flow statement in the same category as the cash flows from the hedged items. See additional disclosures related to derivative instruments and hedging activities in “Note 6 – Derivatives”. Loan Commitments and Letters of Credit: Loan commitments and letters of credit are an off-balance sheet item and represent commitments to make loans or lines of credit available to borrowers. The face amount of these commitments represents an exposure to loss, before considering customer collateral or ability to repay. Such commitments are recognized as loans when funded. The Company estimates a reserve for potential losses on unfunded commitments, which is reported separately from the allowance for credit losses within Other Liabilities. Changes to the allowance for credit losses on unfunded commitments are recorded in noninterest expense on the income statement. The reserve is based upon the same quantitative and qualitative factors applied to the collectively evaluated loan portfolio. Fees on commitments are typically deferred and amortized to interest income over the life of the related loan, beginning with the initial borrowing. Fair Value Measurements: The Company measures or monitors the fair value of many of its assets and liabilities. Certain assets are measured on a recurring basis, including available-for-sale securities, equity securities and derivatives. These assets are carried at fair value on the Company’s balance sheets. Additionally, fair value is measured on a non-recurring basis to evaluate assets or liabilities for impairment. Examples include collateral-dependent loans, other real estate owned, loan servicing rights, and long-lived assets. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value. The Company applies the following fair value hierarchy: Level 1 – Assets or liabilities for which the identical item is traded on an active exchange, such as publicly-traded instruments. Level 2 – Assets and liabilities valued based on observable market data for similar instruments. Level 3 – Assets and liabilities for which significant valuation assumptions are not readily observable in the market; instruments valued based on the best available data, some of which is internally-developed, and considers risk premiums that a market participant would require. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to market observable data for similar assets and liabilities. Certain assets and liabilities are not actively traded in observable markets and the Company must use alternative valuation techniques to derive a fair value measurement. Bank Premises and Equipment: Bank premises and equipment are stated at cost, less accumulated depreciation and amortization. Premises and equipment include certain costs associated with the acquisition of leasehold improvements. Depreciation and amortization are recognized principally by the straight-line method, over the estimated useful lives as follows: buildings - 25-40 years, leasehold improvements - 5-25 years, furniture and equipment - 3-12 years. Leasehold improvements amortize over the shorter of the lease term or estimated useful life. Premises and equipment and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable. If impaired, the assets are written down to fair value with a corresponding increase to noninterest expense. Other Real Estate Owned: Other real estate owned (“OREO”) consists of real estate taken in foreclosure of defaulted loan balances. These assets are carried at an amount equal to the loan balance prior to foreclosure plus costs incurred for improvements to the property, but no more than the estimated fair value of the property less estimated selling costs. Any valuation adjustments required at the date of transfer are charged to the allowance for credit losses. Subsequently, unrealized losses and realized gains and losses are included in other noninterest expense. Operating results from OREO are recorded in other noninterest expense. OREO may also include bank premises no longer utilized in the course of the Company's business (closed branches) that are initially recorded at the lower of carrying value or fair value, less costs to sell. If the fair value of the premises is less than carrying value, a write down is recorded through noninterest expense. Costs to maintain the property are expensed. Intangible Assets. The Company’s intangible assets consist of goodwill, core deposit intangibles (CDIs), customer relationship intangibles and loan servicing rights. Goodwill results from business combinations and represents the difference between the purchase price and the fair value of net assets acquired. Goodwill may be adjusted for up to one year from the acquisition date in the event new information is obtained which, if known at the date of the acquisition, would have impacted the fair value of the acquired assets and liabilities. Goodwill is considered to have an indefinite useful life and is not amortized, but rather tested for impairment annually in the fourth quarter, or more often if circumstances arise that may indicate risk of impairment. If impaired, goodwill is written down with a corresponding impact to noninterest expense. The Company recognizes CDI that results from either whole bank acquisitions or branch acquisitions. CDI is initially measured at fair value and then amortized over periods ranging from to eight years generally on an accelerated basis. Customer relationship intangibles are measured at fair value and amortized on a straight-line basis over ten years. The Company evaluates other identifiable intangibles for impairment annually, or more often if circumstances arise that may indicate risk of impairment. If impaired, the intangible asset is written down with a corresponding increase to noninterest expense. Bank Owned Life Insurance (BOLI): The Company, through its subsidiary bank, has purchased or acquired through bank acquisitions, life insurance policies on certain key executives and members of management. BOLI is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Other Investments: Included in Other Assets are investments in funds generating affordable housing tax credits, and investments in Small Business Investment Companies (“SBICs”), which are privately owned and operated companies licensed by the U.S. Small Business Administration (“SBA”) to invest in small businesses. Investments generating tax credits are accounted for using the proportional amortization method. Under this method, the investor amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits allocated to the investor. The amortization is recorded in income tax expense within the income statement, which is the location the related tax credits are recorded. SBIC investments are held at cost less impairment, if any. Income from SBIC investments is recognized in noninterest income. Seacoast Bank is a member of the Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”) systems. Members are required to own a certain amount of FHLB and FRB stock based on the level of borrowings and other factors, and may invest in additional amounts. The FHLB and FRB stock are accounted for at cost less impairment, if any. Both cash and stock dividends are recognized in earnings. Leases: Arrangements are analyzed at inception to determine the existence of a lease. Right-of-use assets (ROUAs) represent the right to use the underlying asset and lease liabilities represent the obligation to make lease payments for the lease term. Operating lease ROUAs and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the appropriate term and information available at commencement date in determining the present value of lease payments. The lease term may include options to extend the lease when it is reasonably certain that the option will be exercised. ROUAs and operating lease liabilities are reported in Other Assets and Other Liabilities, respectively, in the Consolidated Balance Sheet. Lease expense for lease payments is recognized on a straight-line basis over the lease term and is classified as Occupancy or Furniture and Equipment expense based on the subject asset. Revenue Recognition: The Company recognizes two types of revenue in its Consolidated Statements of Income, interest income and noninterest income. The Company's principal source of revenue is interest income from loans and securities which is recognized on an accrual basis using the effective interest method. Noninterest income includes revenue from various types of transactions and services provided to customers. The Company recognizes revenue from contracts with customers as performance obligations are satisfied. Performance obligations are typically satisfied in one year or less. Relevant activity includes: •Service Charges on Deposits: Seacoast Bank offers a variety of deposit-related services to its customers through several delivery channels including branch offices, ATMs, telephone, mobile, and internet banking. Transaction-based fees are recognized when services, each of which represents a performance obligation, are satisfied. Service fees may be assessed monthly, quarterly, or annually; however, the account agreements to which these fees relate can be canceled at any time by Seacoast and/or the customer. Therefore, the contract term is considered a single day (a day-to-day contract). •Wealth Management Income: The Company earns trust fees from fiduciary services provided to trust customers, which include custody of assets, recordkeeping, collection and distribution of funds. Fees are earned over time and accrued monthly as the Company provides services, and are generally assessed based on the market value of the trust assets under management at a particular date or over a particular period. The Company also earns commissions and fees from investment brokerage services provided to its customers through an arrangement with a third-party service provider. Commissions received from the third-party service provider are recorded monthly and are based upon customer activity. Fees are earned over time and accrued monthly as services are provided. The Company acts as an agent in this arrangement and therefore presents the brokerage commissions and fees net of related costs. •Interchange Income: Fees earned on card transactions depend upon the volume of activity, as well as the fees permitted by the payment network. Such fees are recognized by the Company upon fulfilling its performance obligation to approve the card transaction. •Insurance Agency Income: Insurance commissions are earned upon the sale of insurance products as agent and are paid by the insurance companies upon the completion of application requirements and receipt of client payment to the insurance company. The commissions are recognized upon the placement date of the insurance policies, representing the Company’s related performance obligations. Commission payment is normally received within the policy period. Treasury Stock and Share Repurchases: The Company's repurchases of shares of its common stock are recorded at cost as additional paid-in capital and result in a reduction of shareholders' equity. Shares repurchased in 2023 pursuant to the Company's share repurchase program were immediately retired, and therefore were not included in treasury stock. Activity in treasury stock represents shares traded to offset employee payroll taxes on vested shares. Shares held in treasury are also used for employee share purchases through the Company's employee stock purchase plan. Stock-Based Compensation: The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with market assumptions. The fair value is amortized on a straight-line basis over the vesting period, generally five years. For restricted stock awards, which generally vest based on continued service with the Company, the deferred compensation is measured as the fair value of the shares on the date of grant, and the deferred compensation is amortized as salaries and wages expense in accordance with the applicable vesting schedule, generally straight-line over three years. Some award shares vest based upon the Company achieving certain performance goals and the amortization expense recorded within salaries and wages is based on an estimate of the most likely results on a straight line basis. The Company accounts for forfeitures as they occur. Income Taxes: Deferred tax assets and liabilities are determined based on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and their related tax bases and are measured using the enacted tax rates and laws that are in effect. A valuation allowance is recognized for a deferred tax asset if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax asset will not be realized. The effect on deferred tax assets and liabilities of a change in rates is recognized as income or expense in the period in which the change occurs. Recently Adopted Accounting Standards On January 1, 2023, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2022-02, “Troubled Debt Restructurings and Vintage Disclosures.” ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings (“TDRs”) in ASC 310-40, Receivables – Troubled Debt Restructurings by Creditors, and introduces new disclosures related to modifications with borrowers that are experiencing financial difficulties. ASU 2022-02 also requires the disclosure of current-period gross write-offs by year of origination for financing receivables held at amortized cost. Upon adoption, the Company eliminated the separate credit loss estimation process for loans classified as TDRs. The adoption did not have a material impact to the consolidated financial statements. For additional information on the loans modified for borrowers in financial difficulty and for the disclosure of current-period gross write-offs by year of origination, see “Note 4 – Loans.” On January 1, 2023, the Company adopted FASB ASU 2022-01, “Fair Value Hedging - Portfolio Layer Method.” ASU 2022-01 permits the designation of multiple hedging relationships on a single closed portfolio. The guidance also expands the scope of the portfolio layer method to include non-prepayable assets, specifies eligible hedging instruments in a single-layer hedge, and provides additional guidance on the accounting for and disclosure of hedge basis adjustments under the portfolio layer method. The adoption did not have a material impact to the consolidated financial statements. For additional information on fair value hedges, see “Note 6 – Derivatives.” Issued Accounting Standards In November 2023, the FASB issued ASU 2023-07, "Improvements to Reportable Segment Disclosures." ASU 2023-07 requires disclosure of significant segment expenses and other segment items on an interim and annual basis. The standard is effective for fiscal years beginning after December 15, 2023 and for interim periods beginning after December 15, 2024. The Company is evaluating the impact of the changes to its existing disclosures. In December 2023, the FASB issued ASU 2023-09, "Improvements to Income Tax Disclosures." ASU 2023-09 requires disclosure of specific categories in the income tax rate reconciliation and requires additional information for reconciling items that meet a quantitative threshold. The standard requires an annual disclosure of income taxes paid, net of refunds received, disaggregated by federal, state and foreign taxes and to disaggregate the information by jurisdiction based on a quantitative threshold. The standard is effective for fiscal years beginning after December 15, 2024 and early adoption is permitted. The Company does not expect the adoption of the standard to have a material impact to its disclosures.
|
Earnings Per Share |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share | Earnings Per Share Basic earnings per share are computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during each period. Diluted earnings per share are based on the weighted-average number of common shares outstanding during each period, plus common share equivalents, calculated for share-based awards outstanding using the treasury stock method. In 2023 and 2022, options to purchase 344,230 and 1,505 shares of the Company's common stock, respectively, were antidilutive and accordingly were excluded in determining diluted earnings per share. In 2021, no options were antidilutive.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Securities | Securities The amortized cost, gross unrealized gains and losses and fair value of AFS and HTM securities at December 31, 2023 and December 31, 2022 are summarized as follows:
During the year ended December 31, 2023, debt securities with a fair value of $113.4 million were sold, with gross gains of $25 thousand and gross losses of $3.0 million. During 2022, debt securities with a fair value of $515.2 million obtained in bank acquisitions were sold. No gain or loss was recognized on these sales, and there were no other sales of securities in 2022. Debt securities with a fair value of $102.1 million were sold during 2021, with gross gains of $0.3 million and gross losses of $0.6 million. Also included in “Securities losses, net” is an increase of $42 thousand in 2023, and decreases of $1.1 million and $0.2 million in 2022 and 2021, respectively, in the value of investments in mutual funds that invest in CRA-qualified debt securities. At December 31, 2023, debt securities with a fair value of $1.7 billion were pledged primarily as collateral for public deposits and secured borrowings. The amortized cost and fair value of securities at December 31, 2023, 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.
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.
At December 31, 2023, the Company had unrealized losses of $203.7 million on commercial and residential mortgage-backed securities and collateralized mortgage obligations issued by government-sponsored entities having a fair value of $1.2 billion. 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, 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 December 31, 2023, no allowance for credit losses has been recorded. At December 31, 2023, the Company had $10.9 million of unrealized losses on private label residential and commercial mortgage-backed securities and collateralized mortgage obligations having a fair value of $123.4 million. The securities have average credit support of 23%. Based on the evaluation of available information relevant to collectibility, 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 December 31, 2023, no allowance for credit losses has been recorded. At December 31, 2023, the Company had $1.4 million of unrealized losses in floating rate collateralized loan obligations (“CLOs”) having a fair value of $292.6 million. CLOs are special purpose vehicles and those in which the Company has invested are nearly all first-lien, broadly syndicated corporate loans across a diversified band of industries while providing support to senior tranche investors. As of December 31, 2023, all positions held by the Company are in AAA and AA tranches, with average credit support of 35% and 26% 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 evaluation of available information relevant to collectibility, the Company believes that the unrealized loss positions on these debt securities are a function of changes in investment spreads and interest rate movement and not changes in credit quality, and expects to recover the entire amortized cost basis of these securities. Therefore, at December 31, 2023, no allowance for credit losses has been recorded. At December 31, 2023, the Company had $1.1 million of unrealized losses on municipal securities having a fair value of $9.4 million. These securities are highly rated issuances of state or local municipalities, all of which are continuing to make timely contractual payments. Based on the evaluation of available information relevant to collectibility, 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. As a result, as of December 31, 2023, 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 December 31, 2023, no allowance for credit losses has been recorded. The Company has the intent and ability to hold these securities until maturity. Included in Other Assets at December 31, 2023, is $67.7 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 which may have a significant adverse effect on the fair value of these cost method investment securities. Accrued interest receivable on AFS and HTM debt securities of $7.9 million and $1.1 million, respectively, at December 31, 2023, and $7.0 million and $1.3 million, respectively, at December 31, 2022, is included in . Also included in Other Assets are investments in CRA-qualified mutual funds carried at fair value of $13.6 million and $8.2 million at December 31, 2023 and December 31, 2022, respectively. At December 31, 2023, the Company held 11,330 shares of Visa Class B stock. The ownership of Visa stock was related to prior ownership in Visa's network while Visa operated as a cooperative, and was recorded on the Company's financial records at a zero basis. In January of 2024, the Company sold all of its Visa Class B stock, receiving net proceeds of $4.1 million.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans | Loans 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 are largely dependent on the occupant of the residential 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. The following tables present net loan balances by segment as of:
The amortized cost basis of loans at December 31, 2023 and 2022 included net deferred costs of $43.1 million and $35.1 million, respectively. At December 31, 2023, the remaining fair value adjustments on acquired loans were $174.0 million, or 4.8% of the outstanding acquired loan balances, compared to $97.7 million, or 4.3% of the acquired loan balances at December 31, 2022. The discount is 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 $39.4 million and $28.2 million at December 31, 2023 and 2022, respectively. Loans to directors and executive officers totaled $0.3 million and $0.4 million at December 31, 2023 and 2022, respectively. No new loans were originated to officers or directors in 2023. The following table presents the status of net loan balances as of December 31, 2023 and December 31, 2022.
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 $0.5 million, $1.6 million, and $1.2 million in interest income on nonaccrual loans during the years ended December 31, 2023, 2022, and 2021, respectively. The following tables present net balances of loans on nonaccrual status and the related allowance for credit losses, if any, as of:
Credit Quality Evaluation 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. •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 is likely to be charged off. The following tables present the risk rating of loans and gross charge-offs by year of origination as of:
Troubled Borrower Modifications The following table presents the amortized cost of troubled borrower modification (TBM) loans that were modified during the year ended December 31, 2023.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Allowance for Credit Losses | Allowance for Credit Losses Activity in the allowance for credit losses is summarized as follows:
As of December 31, 2023 and 2022, the Company utilized a blend of Moody’s most recent “U.S. Macroeconomic Outlook Baseline” and “Alternative Scenario 3 - Downside - 90th Percentile” scenarios and considered the uncertainty associated with the assumptions in both scenarios, including for the 2023 analysis, the actions taken by the FRB with regard to monetary policy and interest rates and the potential impact of those actions, the conflicts in the Middle East and Russia-Ukraine and the magnitude of the resulting market disruption, and the potential impact of persistent high inflation on economic growth. Outcomes in any or all of these factors could differ from the scenarios identified above, and the Company incorporated qualitative considerations reflecting the risk of uncertain economic conditions, and for additional dimensions of risk that may not be captured in the quantitative model. The following section discusses changes in the level of the allowance for credit losses for the year ended December 31, 2023. In the Construction and Land Development segment, the increase in the allowance is primarily due to an increase in loan balances. 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 allowance decreased from the prior year due to changes in loan mix and slight improvements in the forecast for macroeconomic factors. Risk characteristics include but are not limited to, collateral type, note structure, and loan seasoning. In the Commercial Real Estate - Non Owner-Occupied segment, the increase in the allowance reflects higher loan balances and an increase in reserves for individually evaluated loans, partially offset by a decrease in expected losses due to improvements in the forecast for macroeconomic factors. Repayment is often dependent upon rental income from the 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, note structure, and loan seasoning 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 increase in the allowance reflects higher loan balances. Risk characteristics considered for this segment include, but are not limited to, borrower FICO score, 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 is due to an increase in loan balances, both through acquisition and organic loan growth, combined with an increase in expected losses on commercial and industrial unsecured loans. Charge-offs for this segment include the charge-off of an $11.3 million acquired PCD loan that was fully reserved. 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. The increase in the reserve during the year reflects higher expected losses due to changes in loan mix, partly offset by a decrease in loan balances.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivatives | Derivatives 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 are 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. Interest Rate Floors Designated as Cash Flow Hedges The Company 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, which matured in the fourth quarter of 2023. The Company considered these derivatives to be highly effective at achieving offsetting changes in cash flows attributable to changes in interest rates and had designated them as cash flow hedges. Therefore, changes in the fair value of these derivative instruments were 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 year ended December 31, 2023, the Company recognized a nominal amount through other comprehensive income and reclassified $0.5 million out of accumulated other comprehensive income into interest income. For the year ended December 31, 2022, the Company recognized $0.3 million through other comprehensive income and reclassified $0.4 million, respectively, out of accumulated other comprehensive income into interest income. Interest Rate Swaps Designated as Fair Value Hedges The Company entered into interest rate swap contracts to hedge the risk of changes in fair value of the AFS portfolio due to changes in the Secured Overnight Financing Rate ("SOFR"). The Company considers these derivatives to be highly effective at offsetting changes in interest rates and will assess the effectiveness on a quarterly basis. The changes in interest rates affecting the fair value of these derivative contracts are recognized in other comprehensive income. These derivative instruments are primarily for risk management purposes. For the year ended December 31, 2023, the Company recognized gains through other comprehensive income of $2.6 million and reclassified gains of $35 thousand, out of accumulated other comprehensive income into interest income. The Company entered into interest rate swap contracts to hedge the risk of changes in the fair value of a pool of residential mortgages due to changes in SOFR. These fair values hedges utilize the portfolio layer method. The Company considers these derivatives to be highly effective at offsetting changes in interest rates and will assess the effectiveness on a quarterly basis. The changes in interest rates affecting the fair value of these derivative contracts are recognized in interest income. These derivative instruments are primarily for risk management purposes. For the year ended December 31, 2023, the Company recognized gains through interest income of $16 thousand.
The following table presents amounts recorded on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bank Premises and Equipment |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bank Premises and Equipment | Bank Premises and Equipment Bank premises and equipment consisted of the following:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Acquired Intangible Assets |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Acquired Intangible Assets | Goodwill and Acquired Intangible Assets The following table presents changes in the carrying amount of goodwill:
The Company performs an analysis for goodwill impairment annually in the fourth quarter or more frequently as considered necessary. The Company performed a qualitative goodwill assessment in the fourth quarter of 2023, and concluded that a quantitative goodwill impairment test was not necessary as it was not more likely-than-not that the fair value of the Company’s reporting unit was below the carrying amount. Based on the analyses performed, the Company concluded that goodwill was not impaired during the periods presented. Acquired intangible assets primarily consist of core deposit intangibles (“CDI”), which are intangible assets arising from the purchase of deposits separately or from bank acquisitions. The change in balance for CDI is as follows:
The gross carrying amount and accumulated amortization of the Company's CDI subject to amortization as of:
The annual amortization expense for the Company's CDI for each of the five years subsequent to December 31, 2023 is $23.6 million, $19.9 million, $16.4 million, $13.0 million and $9.3 million, respectively. Certain customer relationships were acquired in 2022 through the acquisition of Drummond and its insurance agency subsidiary. The gross carrying amount assigned to these relationships as of December 31, 2023 is $2.6 million and the accumulated amortization is $0.3 million. The intangible asset is being amortized on a straight line basis over 10 years. The carrying value of servicing rights retained from the sale of the guaranteed portion of Small Business Administration (“SBA”) loans totaled $1.7 million at December 31, 2023 and 2022.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Borrowings |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Borrowings | Borrowings A significant portion of the Company's short-term borrowings were comprised of securities sold under agreements to repurchase with overnight maturities:
Securities sold under agreements to repurchase are accounted for as secured borrowings. For securities sold under agreements to repurchase, the Company would be obligated to provide additional collateral in the event of a significant decline in fair value of collateral pledged. Company securities pledged were as follows by collateral type and maturity as of:
At December 31, 2023, the Company had available secured lines of credit totaling $4.5 billion, inclusive of lendable collateral of $2.8 billion and $1.7 billion at the Federal Reserve and the Federal Home Loan Bank ("FHLB"), respectively. Of the $1.7 billion at the FHLB, $50.0 million was outstanding at December 31, 2023. During 2023, the average interest rate on FHLB borrowings was 3.64% and the weighted average interest rate on balances outstanding at December 31, 2023 was 3.23%. The following table summarizes the Company's junior subordinated trust preferred debentures and related common equity securities as of December 31, 2023:
Interest on the trust preferred securities is calculated on the basis of 3-month SOFR plus spread and is re-set quarterly. The trust preferred securities may be redeemed without penalty, upon approval of the FRB or upon occurrence of certain events affecting their tax or regulatory capital treatment. The proceeds of the offering of trust preferred securities and common equity securities were used by SBCF Capital Trust I and SBCF Statutory Trust II to purchase the $41.2 million junior subordinated deferrable interest notes issued by the Company, and by SBCF Statutory Trust III to purchase the $12.4 million junior subordinated deferrable interest notes issued by the Company, all of which have terms substantially similar to the trust preferred securities. The Company has the right to defer payments of interest on the notes at any time or from time to time at the Company's election. Interest can be deferred for a period not longer than five years. If the Company elects to defer interest, it may not, with certain exceptions, declare or pay any dividends or distributions on its capital stock or purchase or acquire any of its capital stock. As of December 31, 2023, 2022 and 2021, all interest payments on trust preferred securities were current. Distributions on the trust preferred securities are payable quarterly. The Company has entered into agreements to guarantee the payments of distributions on the trust preferred securities and payments of redemption of the trust preferred securities. Under these agreements, the Company also agrees, on a subordinated basis, to pay expenses and liabilities of the Trusts other than those arising under the trust preferred securities. The obligations of the Company under the junior subordinated notes, the trust agreement establishing the Trusts, the guarantees and agreements as to expenses and liabilities, in aggregate, constitute a full and conditional guarantee by the Company of the Trusts' obligations under the trust preferred securities. In 2022, the Company obtained $12.3 million in senior notes through the acquisition of Apollo. Contractual interest is paid on a semiannual basis at a fixed rate of 5.50% until April 30, 2025, at which point the rate converts to a floating rate of 3-month SOFR plus 533 basis points. The debt was recorded at fair value, resulting in a $0.4 million premium that is being amortized into interest expense over the remaining term to maturity. In 2023, the Company acquired $25.0 million in subordinated debt through the acquisition of Professional. Contractual interest is paid on a semiannual basis at a fixed interest rate of 3.375% until January 30, 2027, at which point the rate converts to a 3-month SOFR rate plus 203 basis points paid quarterly. The debt was recorded at fair value, resulting in a $3.9 million discount that is being accreted into interest expense over the remaining term to maturity.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Employee Benefits and Stock Compensation |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Employee Benefits and Stock Compensation | Employee Benefits and Stock Compensation The Company’s defined contribution plan covers substantially all employees after one year of service and includes a matching benefit for employees who can elect to defer a portion of their compensation. In addition, amounts of compensation contributed by employees are matched on a percentage basis under the plan. The Company's contributions to this plan charged to expense were $4.8 million in 2023, $3.5 million in 2022, and $3.1 million in 2021. The Company, through its Compensation and Governance Committee of the board of directors (the “Compensation Committee”), offers equity compensation to employees and non-employee directors of Seacoast and Seacoast Bank in the form of various share-based awards, including stock options, restricted stock awards (“RSAs”), or restricted stock units (“RSUs”). The awards may vest over time, have certain performance based criteria, or both. Stock options are granted with an exercise price at least equal to the market price of the Company’s stock at the date of grant. The fair value of options granted is estimated on the date of grant using the Black-Scholes option-pricing model. Compensation cost is amortized on a straight-line basis over the vesting period. Vesting is determined by the Compensation Committee at the time of grant, generally over five years. The options have a maximum term of ten years. The fair value of RSAs and RSUs are estimated based on the price of the Company’s common stock on the date of grant. Compensation cost is measured straight-line for RSAs and ratably for RSUs over the vesting period of the awards and reversed for awards that are forfeited due to unfulfilled service or performance criteria. To the extent the Company has treasury shares available, stock options exercised or stock grants awarded may be issued from treasury shares. If treasury shares are insufficient, the Company can issue new shares. Vesting of share-based awards is immediately accelerated on death or disability of the recipient. The Compensation Committee may, at its discretion, accelerate vesting upon retirement or upon the event of a change-in-control. Awards are currently granted under the Seacoast 2021 Incentive Plan (“2021 Plan”), with 3,750,000 authorized shares for issuance, plus shares of underlying awards outstanding under the 2013 Incentive Plan (the “Prior Plan”) that thereafter terminate or expire unexercised or are cancelled, forfeited or lapse for any reason under the Prior Plan. In 2021, as part of the Legacy Bank acquisition, 356,497 options were granted to replace outstanding Legacy Bank options. These options had a weighted average exercise price of $16.70 and were fully vested upon acquisition. The value of the replacement awards associated with pre-combination service, $4.7 million, was considered purchase consideration, and the value of the replacement awards associated with post-combination service, $0.9 million, was recognized as compensation expense in 2021. In 2022, as part of the acquisitions of BBFC, Sabal Palm and Apollo, 52,432, 188,253 and 274,373 options, respectively, were granted to replace outstanding options. These options had weighted average exercise prices of $26.63, $17.84 and $9.94, respectively, and were fully vested upon acquisition. Additionally, as part of the acquisition of Apollo, 37,240 warrants were granted to replace outstanding Apollo warrants. These warrants had a weighted average exercise price of $9.94 and were fully vested upon acquisition. The full value of the options and warrants issued through acquisitions in 2022, $10.4 million, was considered purchase consideration. In 2023, as part of the acquisition of Professional, 501,561 options were granted to replace outstanding options. These options had a weighted average exercise price of $12.63 and were fully vested upon acquisition. The full value of the options issued through the Professional acquisition was $10.3 million and was considered purchase consideration. The impact of share-based compensation on the Company’s financial results is presented below:
The total unrecognized compensation cost and the weighted-average period over which unrecognized compensation cost is expected to be recognized related to non-vested share-based compensation arrangements at December 31, 2023 is presented below:
Restricted Stock Awards RSAs are granted to various employees and vest over time, generally three years. Compensation cost of RSAs is based on the market value of the Company’s common stock at the date of grant and is recognized over the required service period on a straight-line basis. The Company’s accounting policy is to recognize forfeitures as they occur. A summary of the status of the Company’s non-vested RSAs as of December 31, 2023, and changes during the year then ended, is presented below:
Information regarding restricted stock awards during each of the following years is presented below:
Restricted Stock Units RSUs allow the grantee to earn 0%-225% of the target award based on the Company's achievement of performance goals relating to average annual earnings per share growth and average annual return on average tangible equity relative to a group of peer companies, each measured over a three year period beginning with the year of grant. A summary of the status of the Company’s non-vested RSUs as of December 31, 2023, and changes during the year then ended, is presented below:
Information regarding restricted stock units during each of the following years is presented below:
Stock Options The fair value of options and warrants granted is estimated on the date of grant using the Black-Scholes options-pricing model. In 2023, 2022, and 2021, options to purchase shares of Seacoast stock were granted to option holders of acquired entities in accordance with the terms of the merger agreements.
A summary of the Company’s stock options as of December 31, 2023, and changes during the year then ended, is presented below:
The following table presents information related to stock options during each of the following years:
Supplemental Executive Retirement Plan The Company sponsors a Supplemental Executive Retirement Plan (“SERP”), which is a non-qualified deferred compensation arrangement that provides the Company's Chief Executive Officer with supplemental retirement benefits. The present value of the accumulated benefit, which is recorded as an accrued liability, was $0.4 million and $0.2 million as of December 31, 2023 and 2022, respectively. Employee Stock Purchase Plan The Employee Stock Purchase Plan (“ESPP”) authorizes the Company to issue up to 800,000 common shares of the Company’s common stock to eligible employees of the Company. These shares may be purchased by employees at a price equal to 95% of the fair market value of the shares on the purchase date. Employee contributions to the ESPP are made through payroll deductions.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lease Commitments |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lease Commitments | Lease Commitments The Company is the lessee in various noncancellable operating leases for land, buildings, and equipment. Certain leases contain provisions for variable lease payments that are linked to the consumer price index. Lease cost consists of:
The following table provides supplemental information related to leases:
The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If, at lease inception, the Company considers the exercising of a renewal option to be reasonably certain, the Company includes the extended term in the calculation of the lease liability. Maturities of lease liabilities as of December 31, 2023 are as follows:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Taxes |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes | Income Taxes The provision for income taxes is as follows:
The difference between the total expected tax expense (computed by applying the U.S. Federal tax rate of 21% to pretax income) and the reported income tax provision relating to income before income taxes is as follows:
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The following is a summary of the significant components of the Company's deferred tax assets and liabilities as of:
Included in the table above is the effect of temporary differences associated with the Company's investments in debt securities accounted for under ASC Topic 320, Investments - Debt Securities, for which no deferred tax expense or benefit was recognized. These items are recorded as Accumulated Other Comprehensive Income in the shareholders' equity section of the consolidated balance sheet. In 2023, unrealized losses on debt securities of $212.7 million resulted in a deferred tax asset of $50.8 million. In 2022, unrealized losses of $247.4 million resulted in a deferred tax asset of $59.4 million. At December 31, 2023, the Company's net deferred tax assets ("DTAs") of $113.2 million consisted of $91.0 million of net U.S. federal DTAs and $22.2 million of net state DTAs. At December 31, 2022, the Company's net DTAs of $94.5 million consisted of $76.8 million of U.S. federal DTAs and $17.7 million of net state DTAs. Management assesses the necessity of a valuation allowance recorded against DTAs at each reporting period. The determination of whether a valuation allowance for net DTAs is appropriate is subject to considerable judgment and requires an evaluation of positive and negative evidence. Based on an assessment of relevant evidence, including favorable trending in asset quality and certainty regarding the amount of future taxable income that the Company forecasts, management concluded that it was more likely than not that its net DTAs will be realized based upon future taxable income. Management's determination in the realization of projected future taxable income is based upon analysis of the Company's risk profile and its trending financial performance, including credit quality. The Company believes it can reasonably predict future results of operations that result in taxable income at sufficient levels over the future period of time that the Company has available to realize its net DTA. Management expects to realize the $113.2 million in net DTAs well in advance of the statutory carryforward period. At December 31, 2023, approximately $2.7 million of DTAs related to federal net operating losses which will expire in annual installments beginning in 2029 through 2032. Additionally, $1.1 million of the DTAs related to state net operating losses which will expire in annual installments beginning in 2029 through 2034. Remaining DTAs are not related to net operating losses or credits and therefore, have no expiration date. The Company recognizes interest and penalties, as appropriate, as part of the provisioning for income taxes. No interest or penalties were accrued at December 31, 2023. In accordance with ASC Topic 718, Compensation – Stock Compensation, the Company recognized $0.5 million, $1.1 million and $0.9 million in 2023, 2022, and 2021, respectively, of discrete tax benefits related to share-based compensation. In accordance with ASC Topic 323, Investments-Equity Method and Joint Ventures, amortization of the Company's low-income housing credit investments of $2.8 million, $2.5 million and $1.6 million was reflected as income tax expense for the years ended December 31, 2023, 2022, and 2021, respectively. The amounts of affordable housing tax credits, amortization and tax benefits recorded as income tax expense for the year ended December 31, 2023 were $2.7 million, $2.8 million, and $1.5 million, respectively. The amounts of affordable housing tax credits, amortization and tax benefits recorded as income tax expense for the year ended December 31, 2022 were $2.0 million, $2.5 million and $1.0 million, respectively, and for the year ended December 31, 2021 were $1.2 million, $1.6 million and $0.7 million, respectively. The carrying value of the affordable housing credit investments was $39.5 million and $27.3 million at December 31, 2023 and 2022, respectively, of which $26.3 million and $17.6 million, respectively, was unfunded. The Company has no unrecognized income tax benefits or provisions due to uncertain income tax positions. No federal or state income tax return examinations are currently in process. The Company does not expect to record or realize any material unrecognized tax benefits during 2023. The following are the major tax jurisdictions in which the Company operates and the earliest tax year, exclusive of the impact of the net operating loss carryforwards, subject to examination:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory Capital |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Banking And Thrift Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Regulatory Capital | Regulatory Capital Required Regulatory Capital The Company is subject to various regulatory capital requirements administered by the Federal banking agencies. Failure to meet the minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by the regulators, which could have a direct material impact on the financial statements. These requirements involve quantitative measures of assets, liabilities and certain off-balance sheet items calculated pursuant to regulatory guidance. The Company's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios of total, Tier 1 capital and common equity Tier 1 capital to risk-weighted assets and of Tier 1 capital to average assets, all as defined in the regulations. At December 31, 2023 and 2022, the Company and Seacoast Bank, its wholly-owned banking subsidiary, were both considered “well capitalized” based on the applicable U.S. regulatory capital ratio requirements as reflected in the table below:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information | Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information Balance Sheets
Statements of Income
Statements of Cash Flows
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contingent Liabilities and Commitments with Off-Balance Sheet Risk |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Contingent Liabilities and Commitments with Off-Balance Sheet Risk | Contingent Liabilities and Commitments with Off-Balance Sheet Risk The 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. The Company's subsidiary bank is party to financial instruments with off balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit, and limited partner equity commitments. The subsidiary bank’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contract or notional amount of those instruments. The subsidiary bank uses the same credit policies in making commitments and standby letters of credit as they do for on balance sheet instruments. Unfunded commitments for the Company as of:
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Commitments include home equity lines, commercial and consumer lines of credit and construction loans. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The subsidiary bank evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the bank upon extension of credit, is based on management's credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, equipment, and commercial and residential real estate. Standby letters of credit are conditional commitments issued by the subsidiary bank to guarantee the performance of a customer to a third party. These instruments have fixed termination dates and most end without being drawn; therefore, they do not represent a significant liquidity risk. Those guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The subsidiary bank holds collateral supporting these commitments for which collateral is deemed necessary. Collateral held for secured standby letters of credit at December 31, 2023 totaled $35.8 million. Unfunded limited partner equity commitments at December 31, 2023 totaled $20.0 million that the Company has committed to small business investment companies under the SBIC Act to be used to provide capital to small businesses and entities that provide low income housing tax credits.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value | Fair Value Under ASC Topic 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at December 31, 2023 and December 31, 2022 included:
Debt securities available-for-sale: 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. Derivative financial instruments: 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. 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 credit worthiness of the counterparties. 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 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 contractual terms of the loan in accordance with Company's policy on loans held for investment. Loans: Fair value of collateral-dependent real estate loans is based on recent real estate appraisals less estimated costs of sale. For these loans, 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 December 31, 2023, capitalization rates utilized to determine fair value of the underlying collateral averaged approximately 7.1%. 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 $17.8 million with a specific reserve of $2.6 million at December 31, 2023, compared to $10.2 million with a specific reserve of $2.9 million at December 31, 2022. 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 level 2. 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. 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 twelve months ended December 31, 2023 and 2022. The carrying amount and fair value of the Company's other significant financial instruments that were not disclosed previously in the balance sheet and for which carrying amount is not fair value as of December 31, 2023 and December 31, 2022 is as follows:
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, short-term FHLB borrowings and securities sold under agreement to repurchase. 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 December 31, 2023 and December 31, 2022: Loans: Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as commercial, mortgage, etc. Each loan category is further segmented into fixed and adjustable rate interest terms and by 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, Fair Value Measurement. 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 |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combinations | Business Combinations Acquisition of Professional Holding Corp. On January 31, 2023, the Company completed its acquisition of Professional Holding Corp. (“Professional”). Simultaneously, upon completion of the merger of Professional and the Company, Professional Bank was merged with and into Seacoast Bank. Prior to the acquisition, Professional Bank operated nine branches across South Florida. The transaction further expanded the Company’s presence in the tri-county South Florida market, which includes Miami-Dade, Broward, and Palm Beach counties, Florida’s largest MSA and the 8th largest in the nation. The Company acquired 100% of the outstanding common stock of Professional. Under the terms of the merger agreement, Professional shareholders received 0.8909 shares of Seacoast common stock for each share of Professional common stock held immediately prior to the merger, and Professional option holders received options to purchase Seacoast common stock, with the number of shares underlying each such option and the applicable exercise price adjusted using the same 0.8909 exchange ratio.
The acquisition of Professional was accounted for under the acquisition method of accounting in accordance with ASC Topic 805, Business Combinations. The Company recognized goodwill of $251.7 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. As part of the acquisition of Professional, options were granted to replace outstanding Professional options. These options were fully vested upon acquisition. The full value of the replacement options, $10.3 million, was associated with pre-combination service and was therefore included in the calculation of the total purchase consideration.
The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date.
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:
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. The core deposit intangible asset acquired from Professional is being amortized over eight years using an accelerated method of amortization. Acquisition of Apollo Bancshares, Inc. On October 7, 2022, the Company completed its acquisition of Apollo Bancshares, Inc. ("Apollo"). Simultaneously, upon completion of the merger of Apollo and the Company, Apollo Bank was merged with and into Seacoast Bank. Prior to the acquisition, Apollo Bank operated five branches in Miami-Dade County. As a result of this acquisition, the Company expects to expand its customer base and leverage economies of scale to positively affect the Company’s operating results. Under the terms of the merger agreement, Apollo shareholders received 1.006529 shares of Seacoast common stock for each share of Apollo common stock, and the minority interest holders in Apollo Bank received 1.195651 shares of Seacoast common stock for each share of Apollo Bank common stock.
The acquisition of Apollo was accounted for under the acquisition method of accounting in accordance with ASC Topic 805, Business Combinations. The Company recognized goodwill of $90.5 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. As part of the acquisition of Apollo, options and warrants were granted to replace outstanding Apollo awards. These awards were fully vested upon acquisition. The full value of the replacement awards, $6.5 million, was associated with pre-combination service and was therefore included in the calculation of the total purchase consideration.
The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date.
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:
The acquisition of Apollo resulted in the addition of $7.8 million in allowance for credit losses, including the $2.7 million identified in the table above for PCD loans, and $5.1 million for non-PCD loans recorded through the provision for credit losses at the date of acquisition. 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 Drummond Banking Company. On October 7, 2022, the Company completed its acquisition of Drummond Banking Company (“Drummond”). Simultaneously, upon completion of the merger of Drummond and the Company, Drummond’s wholly owned subsidiary bank, Drummond Community Bank, was merged with and into Seacoast Bank. Prior to the acquisition, Drummond Community Bank operated 18 branches across North Florida. As a result of this acquisition, the Company expects to expand its customer base and leverage economies of scale to positively affect the Company’s operating results. The Company acquired 100% of the outstanding common stock of Drummond. Under the terms of the merger agreement, each share of Drummond common stock was converted into the right to receive 51.9561 shares of Seacoast common stock.
The acquisition of Drummond was accounted for under the acquisition method of accounting in accordance with ASC Topic 805, Business Combinations. The Company recognized goodwill of $103.6 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 table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date.
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:
The acquisition of Drummond resulted in the addition of $12.5 million in allowance for credit losses, including the $2.6 million identified in the table above for PCD loans, and $9.9 million for non-PCD loans recorded through the provision for credit losses at the date of acquisition. 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 Business Bank of Florida, Corp. On January 3, 2022, the Company completed its acquisition of Business Bank of Florida, Corp., (“BBFC”). Simultaneously, upon completion of the merger of BBFC and the Company, BBFC’s wholly owned subsidiary bank, Florida Business Bank, was merged with and into Seacoast Bank. Prior to the acquisition, Florida Business Bank operated one branch in Melbourne, Florida. As a result of this acquisition, the Company expects to expand its customer base and leverage economies of scale to positively affect the Company’s operating results. The Company acquired 100% of the outstanding common stock of BBFC. Under the terms of the merger agreement, each share of BBFC common stock was converted into the right to receive 0.7997 of a share of Seacoast common stock.
The acquisition of BBFC was accounted for under the acquisition method in accordance with ASC Topic 805, Business Combinations. The Company recognized goodwill of $8.0 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. As part of the BBFC acquisition, options were granted to replace outstanding BBFC options. These options were fully vested upon acquisition. The full value of the replacement options, $0.5 million, was associated with pre-combination service and was therefore included in the calculation of the total purchase consideration.
The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date.
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:
The acquisition of BBFC resulted in the addition of $1.8 million in allowance for credit losses, including the $15 thousand identified in the table above for PCD loans, and $1.8 million for non-PCD loans recorded through the provision for credit losses at the date of acquisition. 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 Sabal Palm Bancorp, Inc. On January 3, 2022, the Company completed its acquisition of Sabal Palm Bancorp, Inc. (“Sabal Palm”). Simultaneously, upon completion of the merger of Sabal Palm and the Company, Sabal Palm’s wholly owned subsidiary bank, Sabal Palm Bank, was merged with and into Seacoast Bank. Prior to the acquisition, Sabal Palm Bank operated three branches in the Sarasota area. As a result of this acquisition, the Company expects to expand its customer base and leverage economies of scale to positively affect the Company’s operating results. The Company acquired 100% of the outstanding common stock of Sabal Palm. Under the terms of the merger agreement, each share of Sabal Palm common stock was converted into the right to receive 0.2203 of a share of Seacoast common stock.
The acquisition of Sabal Palm was accounted for under the acquisition method in accordance with ASC Topic 805, Business Combinations. The Company recognized goodwill of $26.5 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. As part of the Sabal Palm acquisition, options were granted to replace outstanding Sabal Palm options. These options were fully vested upon acquisition. The full value of the replacement options, $3.3 million, was associated with pre-combination service and was therefore included in the calculation of the total purchase consideration.
The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date.
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:
The acquisition of Sabal Palm resulted in the addition of $3.4 million in allowance for credit losses, including the $37 thousand identified in the table above for PCD loans, and $3.4 million for non-PCD loans recorded through the provision for credit losses at the date of acquisition. 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 Costs Acquisition costs included in the Company's income statement for the years ended December 31, 2023, 2022 and 2021 were $33.2 million, $27.9 million and $7.9 million, respectively. Pro-Forma Information (unaudited) Pro-forma data as of 2023 and 2022 present information as if the acquisition of Professional occurred at the beginning of 2022. The pro-forma information is presented for illustrative purposes only and is not necessarily indicative of the results of operations that would have occurred if the transactions had been effected on the assumed dates.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pay vs Performance Disclosure - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Pay vs Performance Disclosure | |||
| Net Income | $ 104,033 | $ 106,507 | $ 124,403 |
Insider Trading Arrangements |
3 Months Ended |
|---|---|
Dec. 31, 2023 | |
| Trading Arrangements, by Individual | |
| Rule 10b5-1 Arrangement Adopted | false |
| Non-Rule 10b5-1 Arrangement Adopted | false |
| Rule 10b5-1 Arrangement Terminated | false |
| Non-Rule 10b5-1 Arrangement Terminated | false |
Significant Accounting Policies (Policies) |
12 Months Ended |
|---|---|
Dec. 31, 2023 | |
| Accounting Policies [Abstract] | |
| General | General: Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) is a single segment financial holding company with one operating subsidiary bank, Seacoast National Bank (“Seacoast Bank”). The Company provides integrated financial services including commercial and consumer banking, wealth management, and mortgage and insurance services to customers at 77 full-service branches across Florida, and through advanced mobile and online banking solutions. The consolidated financial statements include the accounts of Seacoast and all its majority-owned subsidiaries but exclude trusts created for the issuance of trust preferred securities. In consolidation, all significant intercompany accounts and transactions are eliminated. The accounting and reporting policies of the Company are in accordance with accounting principles generally accepted in the United States of America, and they conform to general practices within the applicable industries. Certain prior period amounts have been reclassified to conform to the current period presentation.
|
| Use of Estimates | Use of Estimates: The preparation of 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 the determination of the allowance for credit losses, acquisition accounting and purchased loans, intangible assets and impairment testing, and other fair value measurements |
| Cash and Cash Equivalents | Cash and Cash Equivalents: Cash and cash equivalents include cash and due from banks and interest-bearing bank balances. Cash equivalents have original maturities of three months or less, and accordingly, the carrying amount of these instruments is deemed to be a reasonable estimate of fair value.
|
| Time Deposits with Other Banks | Time Deposits with Other Banks: Time deposits with other banks consist of certificates of deposit with original maturities greater than three months and are carried at cost.
|
| Securities Purchased and Sold Agreements | Securities Purchased and Sold Agreements: Securities purchased under resale agreements and securities sold under repurchase agreements are generally accounted for as collateralized financing transactions and are recorded at the amount at which the securities were acquired or sold plus accrued interest. It is the Company’s policy to take possession of securities purchased under resale agreements, which are primarily U.S. government and government agency securities. The fair value of securities purchased and sold is monitored and collateral is obtained from or returned to the counterparty when appropriate. |
| Securities | Securities: Debt securities are classified as available-for-sale or held-to-maturity. Debt securities available-for-sale may be sold as part of the Company's asset/liability management or in response to, or in anticipation of, changes in interest rates and resulting prepayment risk, or for other factors, and are stated at fair value. Unrealized gains or losses are reflected as a component of shareholders' equity net of tax or included in noninterest income as appropriate. Debt securities held-to-maturity that the Company has the ability and intent to hold to maturity are carried at amortized cost. Equity securities with readily determinable fair values are considered marketable and measured at fair value with unrealized gains or losses included in noninterest income as securities gains or losses. Equity investments that do not have readily determinable fair values are considered non-marketable and are accounted for at cost under the measurement alternative to fair value, with adjustments for impairment and observable price changes if applicable. 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. Realized gains and losses are included in noninterest income as investment securities gains (losses). Interest and dividends on securities, including amortization of premiums and accretion of discounts on debt securities, is recognized in interest income on an accrual basis using the interest method. The Company anticipates prepayments of principal in the calculation of the effective yield for collateralized mortgage obligations and mortgage backed securities by obtaining estimates of prepayments from independent third parties. The adjusted cost of each specific security sold is used to compute realized gains or losses on the sale of securities on a trade date basis.
|
| Credit losses on securities and Allowance for credit losses on loans | Credit losses on securities: For securities classified as held-to-maturity, management estimates expected credit losses over the remaining expected life and recognizes this estimate as an allowance for credit losses. Debt securities that are available-for-sale are considered impaired if the fair value is less than amortized cost. Impairments are analyzed at an individual security level on a quarterly basis and both quantitative and qualitative assessments are utilized to determine if a security has a credit loss. Qualitative assessments consider a range of factors including: percent decline in fair value, rating downgrades, subordination, duration, amortized loan-to-value, and the ability of the issuers to pay all amounts due in accordance with the contractual terms. Quantitative assessments are based on a discounted cash flow analysis, which includes evaluating the timing and amount of the expected cash flows. If any portion of the decline in fair value is related to credit, then the credit loss is recognized as an allowance for credit loss and the noncredit portion is recognized in other comprehensive income. For securities classified as available-for-sale, both quantitative and qualitative assessments are utilized to determine if a security has a credit loss. Quantitative assessments are based on a discounted cash flow method. Qualitative assessments consider a range of factors including: percent decline in fair value, rating downgrades, subordination, duration, amortized loan-to-value, and the ability of the issuers to pay all amounts due in accordance with the contractual terms. Allowance for credit losses on loans: The allowance for credit losses represents management's best estimate of expected credit losses related to the loan portfolio at the balance sheet date. The allowance for credit losses is a valuation account that is deducted from the loans' amortized cost basis to present the net amount to be collected on loans. Loan balances deemed uncollectible are charged off against the allowance for credit losses and recoveries are credited to the allowance. In order to adjust the allowance to the current estimate of expected credit losses, charges or credits to the provision for credit losses are reflected in the Consolidated Statements of Income. The Company excludes accrued interest on loans from its determination of allowance. Portfolio segments represent the level at which the Company develops and documents its methodology for determining its allowance for credit losses. See Note 4 - Loans, for a description of each of the segments, which are disaggregated by similar risk characteristics such as customer and/or collateral type. The allowance for credit losses is measured on a collective basis when similar risk characteristics exist. 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. Economic forecast data is sourced from Moody’s Analytics (“Moody’s”), a firm recognized for its research, analysis, and economic forecasts. The forecasts of future economic conditions are over a period that has been deemed reasonable and supportable, and in segments where it can no longer develop reasonable and supportable forecasts, the Company reverts to longer-term historical loss experience to estimate losses over the remaining life of the loans. The forecast may utilize one scenario or a composite of scenarios based on management's judgment and expectations around the current and future macroeconomic outlook. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. In the implementation of CECL at January 1, 2020 and through June 30, 2022, the Company utilized a top-down allowance model based on an analysis of the probability of default (“PD”) and loss given default (“LGD”) to determine an expected loss by loan segment. During the third quarter of 2022, the Company transitioned to a tool that calculates the quantitative portion of expected credit losses at the individual loan level using a discounted cash flow methodology for its commercial loans and using a loss rate methodology for its consumer loans. The Moody's tool being utilized produces more granular results, incorporates more extensive historical loss data, and allows for a more efficient process. This change did not result in a material impact to the Company’s financial statements. Adjustments may be made to baseline reserves based on an assessment of internal and external influences on credit quality not fully reflected in the quantitative components of the allowance model. These influences may include elements such as changes in concentration, macroeconomic conditions, recent observable asset quality trends, staff turnover, regional market conditions, employment levels, model risk, and loan growth. Based upon management's assessments of these factors, the Company may apply qualitative adjustments to the allowance. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not also included in the collective evaluation. For loans that are individually evaluated, the allowance is determined through review of data specific to the borrower and the related collateral, if any. When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. The allowance for PCD loans is determined at the time of acquisition as the estimated expected credit loss of the outstanding balance or par value, based on the methodologies described previously for loans. The allowance recognized at acquisition is added to the acquisition date purchase price to determine the asset’s amortized cost basis. It is the Company's practice to ensure that the charge-off policy aligns with regulatory requirements. Losses on unsecured consumer loans are recognized at 90 days past due. In compliance with Federal Financial Institution Examination Council guidelines, secured consumer loans, including residential real estate, are typically charged off or charged down between 120 and 180 days past due, depending on the collateral type. Commercial loans and real estate loans are typically placed on nonaccrual status when principal or interest is past due for 90 days or more, unless the loan is both secured by collateral having realizable value sufficient to discharge the debt in-full and the loan is in process of collection. Secured loans may be charged down to the estimated value of the collateral with previously accrued unpaid interest reversed against interest income. Subsequent charge-offs may be required as a result of changes in the market value of collateral or other repayment prospects. Initial charge-off amounts are based on valuation estimates derived from appraisals or other market information. Generally, new appraisals are not received until the foreclosure process is completed; however, collateral values are evaluated periodically based on market information and incremental charge-offs are recorded if it is determined that collateral values have declined from their initial estimates.
|
| Loans Held for Sale | Loans Held for Sale: The Company has elected to account for residential mortgage loans originated as held for sale at fair value. Changes in fair value are measured and recorded in Mortgage Banking Fees in noninterest income each period. The Company designates other loans as held for sale when it has the intent to sell them. These loans are recorded at the lower of cost or estimated fair value on an individual basis. When such loans are transferred to held for sale, any previously recorded allowance for credit losses is reversed into earnings and the loan is recorded at its amortized cost basis. Prior to the transfer, write-downs on the loans are recorded as charge-offs, establishing a new cost basis upon transfer.
|
| Loans Held for Investment | Loans Held for Investment: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are considered held for investment. Loans originated by Seacoast and held for investment are recognized at the principal amount outstanding, net of unearned income and amounts charged off. Unearned income includes discounts, premiums and deferred loan origination fees reduced by loan origination costs. Unearned income on loans is amortized to interest income over the life of the related loan using the effective interest rate method. Interest income is recognized on an accrual basis. Loans acquired through business acquisitions are recorded at fair value on the acquisition date. Loans that, as of the date of acquisition, have experienced a more-than-insignificant deterioration in credit quality since origination are classified as purchased credit deteriorated (“PCD”). Acquired loans that do not meet the definition of PCD are classified by the Company as acquired Non-PCD. Expected credit losses on loans not considered PCD are recognized through the provision for credit losses when the initial allowance is recorded. A loan for which the terms have been modified with principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay or a term extension and for which the borrower is experiencing financial difficulty, is considered to be a troubled borrower modification ("TBM").
|
| Derivative Instruments and Hedging Activities | Derivative Instruments and Hedging Activities: The Company enters into derivative contracts, including swaps and floors, to meet the needs of customers who request such services and to manage the Company's exposure to interest rate fluctuations. Derivative contracts are carried at fair value and recorded in the consolidated balance sheet within Other Assets or Other Liabilities. The gain or loss resulting from changes in the fair value of interest rate swaps designated and qualifying as cash flow hedging instruments is initially reported as a component of other comprehensive income and subsequently reclassified into earnings through interest income in the same period in which the hedged transaction affects earnings. The gain or loss resulting from changes in the fair value of interest rate swaps designed as fair value hedges is classified in the statement of income or comprehensive income in the line item associated with the instrument being hedged. The Company discontinues hedge accounting prospectively when it is determined that the derivative contract is no longer effective in offsetting changes in the cash flows of the hedged item, the derivative expires or is terminated, management determines that the designation of the derivative as a hedging instrument is no longer appropriate or, for a cash flow hedge, the occurrence of the forecasted transaction is no longer probable. When hedge accounting on a cash flow hedge is discontinued, any subsequent changes in fair value of the derivative are recognized in earnings. The cumulative unrealized gain or loss related to a discontinuing cash flow hedge continues to be reported in Accumulated Other Comprehensive Income (“AOCI”) and is subsequently reclassified into earnings in the same period in which the hedged transactions affects earnings, unless it is probable that the forecasted transaction will not occur by the end of the originally specified time period, in which case the cumulative unrealized gain or loss in AOCI is reclassified into earnings immediately. Cash flows resulting from derivative financial instruments that are accounted for as hedges are classified in the cash flow statement in the same category as the cash flows from the hedged items. See additional disclosures related to derivative instruments and hedging activities in “Note 6 – Derivatives”.
|
| Loan Commitments and Letters of Credit | Loan Commitments and Letters of Credit: Loan commitments and letters of credit are an off-balance sheet item and represent commitments to make loans or lines of credit available to borrowers. The face amount of these commitments represents an exposure to loss, before considering customer collateral or ability to repay. Such commitments are recognized as loans when funded. The Company estimates a reserve for potential losses on unfunded commitments, which is reported separately from the allowance for credit losses within Other Liabilities. Changes to the allowance for credit losses on unfunded commitments are recorded in noninterest expense on the income statement. The reserve is based upon the same quantitative and qualitative factors applied to the collectively evaluated loan portfolio. Fees on commitments are typically deferred and amortized to interest income over the life of the related loan, beginning with the initial borrowing. |
| Fair Value Measurements | Fair Value Measurements: The Company measures or monitors the fair value of many of its assets and liabilities. Certain assets are measured on a recurring basis, including available-for-sale securities, equity securities and derivatives. These assets are carried at fair value on the Company’s balance sheets. Additionally, fair value is measured on a non-recurring basis to evaluate assets or liabilities for impairment. Examples include collateral-dependent loans, other real estate owned, loan servicing rights, and long-lived assets. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value. The Company applies the following fair value hierarchy: Level 1 – Assets or liabilities for which the identical item is traded on an active exchange, such as publicly-traded instruments. Level 2 – Assets and liabilities valued based on observable market data for similar instruments. Level 3 – Assets and liabilities for which significant valuation assumptions are not readily observable in the market; instruments valued based on the best available data, some of which is internally-developed, and considers risk premiums that a market participant would require. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to market observable data for similar assets and liabilities. Certain assets and liabilities are not actively traded in observable markets and the Company must use alternative valuation techniques to derive a fair value measurement.
|
| Bank Premises and Equipment | Bank Premises and Equipment: Bank premises and equipment are stated at cost, less accumulated depreciation and amortization. Premises and equipment include certain costs associated with the acquisition of leasehold improvements. Depreciation and amortization are recognized principally by the straight-line method, over the estimated useful lives as follows: buildings - 25-40 years, leasehold improvements - 5-25 years, furniture and equipment - 3-12 years. Leasehold improvements amortize over the shorter of the lease term or estimated useful life. Premises and equipment and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable. If impaired, the assets are written down to fair value with a corresponding increase to noninterest expense.
|
| Other Real Estate Owned | Other Real Estate Owned: Other real estate owned (“OREO”) consists of real estate taken in foreclosure of defaulted loan balances. These assets are carried at an amount equal to the loan balance prior to foreclosure plus costs incurred for improvements to the property, but no more than the estimated fair value of the property less estimated selling costs. Any valuation adjustments required at the date of transfer are charged to the allowance for credit losses. Subsequently, unrealized losses and realized gains and losses are included in other noninterest expense. Operating results from OREO are recorded in other noninterest expense. OREO may also include bank premises no longer utilized in the course of the Company's business (closed branches) that are initially recorded at the lower of carrying value or fair value, less costs to sell. If the fair value of the premises is less than carrying value, a write down is recorded through noninterest expense. Costs to maintain the property are expensed.
|
| Intangible Assets | Intangible Assets. The Company’s intangible assets consist of goodwill, core deposit intangibles (CDIs), customer relationship intangibles and loan servicing rights. Goodwill results from business combinations and represents the difference between the purchase price and the fair value of net assets acquired. Goodwill may be adjusted for up to one year from the acquisition date in the event new information is obtained which, if known at the date of the acquisition, would have impacted the fair value of the acquired assets and liabilities. Goodwill is considered to have an indefinite useful life and is not amortized, but rather tested for impairment annually in the fourth quarter, or more often if circumstances arise that may indicate risk of impairment. If impaired, goodwill is written down with a corresponding impact to noninterest expense. The Company recognizes CDI that results from either whole bank acquisitions or branch acquisitions. CDI is initially measured at fair value and then amortized over periods ranging from to eight years generally on an accelerated basis. Customer relationship intangibles are measured at fair value and amortized on a straight-line basis over ten years. The Company evaluates other identifiable intangibles for impairment annually, or more often if circumstances arise that may indicate risk of impairment. If impaired, the intangible asset is written down with a corresponding increase to noninterest expense.
|
| Bank Owned Life Insurance (BOLI) | Bank Owned Life Insurance (BOLI): The Company, through its subsidiary bank, has purchased or acquired through bank acquisitions, life insurance policies on certain key executives and members of management. BOLI is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
|
| Other Investments | Other Investments: Included in Other Assets are investments in funds generating affordable housing tax credits, and investments in Small Business Investment Companies (“SBICs”), which are privately owned and operated companies licensed by the U.S. Small Business Administration (“SBA”) to invest in small businesses. Investments generating tax credits are accounted for using the proportional amortization method. Under this method, the investor amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits allocated to the investor. The amortization is recorded in income tax expense within the income statement, which is the location the related tax credits are recorded. SBIC investments are held at cost less impairment, if any. Income from SBIC investments is recognized in noninterest income. Seacoast Bank is a member of the Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”) systems. Members are required to own a certain amount of FHLB and FRB stock based on the level of borrowings and other factors, and may invest in additional amounts. The FHLB and FRB stock are accounted for at cost less impairment, if any. Both cash and stock dividends are recognized in earnings. |
| Leases | Leases: Arrangements are analyzed at inception to determine the existence of a lease. Right-of-use assets (ROUAs) represent the right to use the underlying asset and lease liabilities represent the obligation to make lease payments for the lease term. Operating lease ROUAs and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the appropriate term and information available at commencement date in determining the present value of lease payments. The lease term may include options to extend the lease when it is reasonably certain that the option will be exercised. ROUAs and operating lease liabilities are reported in Other Assets and Other Liabilities, respectively, in the Consolidated Balance Sheet. Lease expense for lease payments is recognized on a straight-line basis over the lease term and is classified as Occupancy or Furniture and Equipment expense based on the subject asset. |
| Revenue Recognition | Revenue Recognition: The Company recognizes two types of revenue in its Consolidated Statements of Income, interest income and noninterest income. The Company's principal source of revenue is interest income from loans and securities which is recognized on an accrual basis using the effective interest method. Noninterest income includes revenue from various types of transactions and services provided to customers. The Company recognizes revenue from contracts with customers as performance obligations are satisfied. Performance obligations are typically satisfied in one year or less. Relevant activity includes: •Service Charges on Deposits: Seacoast Bank offers a variety of deposit-related services to its customers through several delivery channels including branch offices, ATMs, telephone, mobile, and internet banking. Transaction-based fees are recognized when services, each of which represents a performance obligation, are satisfied. Service fees may be assessed monthly, quarterly, or annually; however, the account agreements to which these fees relate can be canceled at any time by Seacoast and/or the customer. Therefore, the contract term is considered a single day (a day-to-day contract). •Wealth Management Income: The Company earns trust fees from fiduciary services provided to trust customers, which include custody of assets, recordkeeping, collection and distribution of funds. Fees are earned over time and accrued monthly as the Company provides services, and are generally assessed based on the market value of the trust assets under management at a particular date or over a particular period. The Company also earns commissions and fees from investment brokerage services provided to its customers through an arrangement with a third-party service provider. Commissions received from the third-party service provider are recorded monthly and are based upon customer activity. Fees are earned over time and accrued monthly as services are provided. The Company acts as an agent in this arrangement and therefore presents the brokerage commissions and fees net of related costs. •Interchange Income: Fees earned on card transactions depend upon the volume of activity, as well as the fees permitted by the payment network. Such fees are recognized by the Company upon fulfilling its performance obligation to approve the card transaction. •Insurance Agency Income: Insurance commissions are earned upon the sale of insurance products as agent and are paid by the insurance companies upon the completion of application requirements and receipt of client payment to the insurance company. The commissions are recognized upon the placement date of the insurance policies, representing the Company’s related performance obligations. Commission payment is normally received within the policy period.
|
| Treasury Stock and Share Repurchases | Treasury Stock and Share Repurchases: The Company's repurchases of shares of its common stock are recorded at cost as additional paid-in capital and result in a reduction of shareholders' equity. Shares repurchased in 2023 pursuant to the Company's share repurchase program were immediately retired, and therefore were not included in treasury stock. Activity in treasury stock represents shares traded to offset employee payroll taxes on vested shares. Shares held in treasury are also used for employee share purchases through the Company's employee stock purchase plan.
|
| Stock-Based Compensation | Stock-Based Compensation: The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with market assumptions. The fair value is amortized on a straight-line basis over the vesting period, generally five years. For restricted stock awards, which generally vest based on continued service with the Company, the deferred compensation is measured as the fair value of the shares on the date of grant, and the deferred compensation is amortized as salaries and wages expense in accordance with the applicable vesting schedule, generally straight-line over three years. Some award shares vest based upon the Company achieving certain performance goals and the amortization expense recorded within salaries and wages is based on an estimate of the most likely results on a straight line basis. The Company accounts for forfeitures as they occur.
|
| Income Taxes | Income Taxes: Deferred tax assets and liabilities are determined based on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and their related tax bases and are measured using the enacted tax rates and laws that are in effect. A valuation allowance is recognized for a deferred tax asset if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax asset will not be realized. The effect on deferred tax assets and liabilities of a change in rates is recognized as income or expense in the period in which the change occurs. |
| Recently Adopted Accounting Standards and Recently Issued Accounting Standards | Recently Adopted Accounting Standards On January 1, 2023, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2022-02, “Troubled Debt Restructurings and Vintage Disclosures.” ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings (“TDRs”) in ASC 310-40, Receivables – Troubled Debt Restructurings by Creditors, and introduces new disclosures related to modifications with borrowers that are experiencing financial difficulties. ASU 2022-02 also requires the disclosure of current-period gross write-offs by year of origination for financing receivables held at amortized cost. Upon adoption, the Company eliminated the separate credit loss estimation process for loans classified as TDRs. The adoption did not have a material impact to the consolidated financial statements. For additional information on the loans modified for borrowers in financial difficulty and for the disclosure of current-period gross write-offs by year of origination, see “Note 4 – Loans.” On January 1, 2023, the Company adopted FASB ASU 2022-01, “Fair Value Hedging - Portfolio Layer Method.” ASU 2022-01 permits the designation of multiple hedging relationships on a single closed portfolio. The guidance also expands the scope of the portfolio layer method to include non-prepayable assets, specifies eligible hedging instruments in a single-layer hedge, and provides additional guidance on the accounting for and disclosure of hedge basis adjustments under the portfolio layer method. The adoption did not have a material impact to the consolidated financial statements. For additional information on fair value hedges, see “Note 6 – Derivatives.” Issued Accounting Standards In November 2023, the FASB issued ASU 2023-07, "Improvements to Reportable Segment Disclosures." ASU 2023-07 requires disclosure of significant segment expenses and other segment items on an interim and annual basis. The standard is effective for fiscal years beginning after December 15, 2023 and for interim periods beginning after December 15, 2024. The Company is evaluating the impact of the changes to its existing disclosures. In December 2023, the FASB issued ASU 2023-09, "Improvements to Income Tax Disclosures." ASU 2023-09 requires disclosure of specific categories in the income tax rate reconciliation and requires additional information for reconciling items that meet a quantitative threshold. The standard requires an annual disclosure of income taxes paid, net of refunds received, disaggregated by federal, state and foreign taxes and to disaggregate the information by jurisdiction based on a quantitative threshold. The standard is effective for fiscal years beginning after December 15, 2024 and early adoption is permitted. The Company does not expect the adoption of the standard to have a material impact to its disclosures.
|
Earnings Per Share (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Earnings Per Share, Basic and Diluted |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Amortized Cost and Fair Value of Securities Available for Sale | The amortized cost, gross unrealized gains and losses and fair value of AFS and HTM securities at December 31, 2023 and December 31, 2022 are summarized as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Amortized Cost and Fair Value of Securities Held to Maturity | The amortized cost, gross unrealized gains and losses and fair value of AFS and HTM securities at December 31, 2023 and December 31, 2022 are summarized as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Investments Classified by Contractual Maturity | Securities not due at a single maturity date are shown separately.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Unrealized Loss and Fair Value on Investments | 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.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Portfolio Loans, Purchased Credit Impaired Loans and Purchased Unimpaired Loans | The following tables present net loan balances by segment as of:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Past Due Financing Receivables | The following table presents the status of net loan balances as of December 31, 2023 and December 31, 2022.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Nonaccrual Loans by Loan Category | The following tables present net balances of loans on nonaccrual status and the related allowance for credit losses, if any, as of:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Loans by Year of Origination and Credit Quality Indicator | The following tables present the risk rating of loans and gross charge-offs by year of origination as of:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Troubled Borrower Modifications | The following table presents the amortized cost of troubled borrower modification (TBM) loans that were modified during the year ended December 31, 2023.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Allowance for Credit Losses on Financing Receivables | Activity in the allowance for credit losses is summarized as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Derivative Instruments |
The following table presents amounts recorded on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bank Premises and Equipment (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Bank Premises and Equipment | Bank premises and equipment consisted of the following:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Acquired Intangible Assets (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Goodwill | The following table presents changes in the carrying amount of goodwill:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Core Deposit Intangibles | The change in balance for CDI is as follows:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross Carrying Amount and Accumulated Amortization of Intangible Asset | The gross carrying amount and accumulated amortization of the Company's CDI subject to amortization as of:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Borrowings (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Federal Funds Purchased and Securities Sold Under Agreements to Repurchase | A significant portion of the Company's short-term borrowings were comprised of securities sold under agreements to repurchase with overnight maturities:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Collateral Dependent Loans | Company securities pledged were as follows by collateral type and maturity as of:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Junior Subordinated Trust Preferred Debentures and Related Common Equity Securities | The following table summarizes the Company's junior subordinated trust preferred debentures and related common equity securities as of December 31, 2023:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Employee Benefits and Stock Compensation (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Share-Based Compensation | The impact of share-based compensation on the Company’s financial results is presented below:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Unrecognized Compensation Cost, Nonvested Awards | The total unrecognized compensation cost and the weighted-average period over which unrecognized compensation cost is expected to be recognized related to non-vested share-based compensation arrangements at December 31, 2023 is presented below:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Nonvested Share Activity | A summary of the status of the Company’s non-vested RSAs as of December 31, 2023, and changes during the year then ended, is presented below:
A summary of the status of the Company’s non-vested RSUs as of December 31, 2023, and changes during the year then ended, is presented below:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Restricted Stock and Restricted Stock Units Activity | Information regarding restricted stock awards during each of the following years is presented below:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Stock Option Valuation Assumptions |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Stock Options Roll Forward | A summary of the Company’s stock options as of December 31, 2023, and changes during the year then ended, is presented below:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Stock Option Activity | The following table presents information related to stock options during each of the following years:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Employee Stock Purchase Plan Activity |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lease Commitments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Supplemental Lease Cost Information Related to Operating Leases | Lease cost consists of:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Supplemental Balance Sheet Information Related to Operating Leases | The following table provides supplemental information related to leases:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Maturities of Lease Liabilities | Maturities of lease liabilities as of December 31, 2023 are as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Taxes (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Components of Income Tax Expense (Benefit) | The provision for income taxes is as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Effective Income Tax Rate Reconciliation | The difference between the total expected tax expense (computed by applying the U.S. Federal tax rate of 21% to pretax income) and the reported income tax provision relating to income before income taxes is as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Deferred Tax Assets and Liabilities | The following is a summary of the significant components of the Company's deferred tax assets and liabilities as of:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Income Tax Examinations | The following are the major tax jurisdictions in which the Company operates and the earliest tax year, exclusive of the impact of the net operating loss carryforwards, subject to examination:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory Capital (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Banking And Thrift Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Required Regulatory Capital | At December 31, 2023 and 2022, the Company and Seacoast Bank, its wholly-owned banking subsidiary, were both considered “well capitalized” based on the applicable U.S. regulatory capital ratio requirements as reflected in the table below:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Balance Sheet | Balance Sheets
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Statements of Income (Loss) | Statements of Income
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Statement of Cash Flows | Statements of Cash Flows
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contingent Liabilities and Commitments with Off-Balance Sheet Risk (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Financial Instruments with Off-Balance-Sheet Risk | Unfunded commitments for the Company as of:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value, Assets Measured on Recurring and Nonrecurring Basis | Under ASC Topic 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at December 31, 2023 and December 31, 2022 included:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurements, Recurring and Nonrecurring | The carrying amount and fair value of the Company's other significant financial instruments that were not disclosed previously in the balance sheet and for which carrying amount is not fair value as of December 31, 2023 and December 31, 2022 is as follows:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Combinations (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Purchase Price Calculation |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Business Acquisitions |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Fair Value of Acquired Loans and Unpaid Principal Balance | The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date.
The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date.
The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date.
The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date.
The table below presents information with respect to the fair value and unpaid principal balance of acquired loans at the acquisition date.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule Purchase Credit Deteriorated Loans Acquired | 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:
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:
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:
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:
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:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Pro-Forma Data | Pro-forma data as of 2023 and 2022 present information as if the acquisition of Professional occurred at the beginning of 2022. The pro-forma information is presented for illustrative purposes only and is not necessarily indicative of the results of operations that would have occurred if the transactions had been effected on the assumed dates.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Significant Accounting Policies - Narrative (Details) |
12 Months Ended |
|---|---|
|
Dec. 31, 2023
operating_segment
| |
| Accounting Policies [Line Items] | |
| Number of operating segments | 1 |
| Stock options | |
| Accounting Policies [Line Items] | |
| Vesting period | 5 years |
| Restricted Stock Units | |
| Accounting Policies [Line Items] | |
| Vesting period | 3 years |
| Customer Relationships | |
| Accounting Policies [Line Items] | |
| Intangible assets, useful life | 10 years |
| Minimum | Core Deposits | |
| Accounting Policies [Line Items] | |
| Intangible assets, useful life | 6 years |
| Maximum | Core Deposits | |
| Accounting Policies [Line Items] | |
| Intangible assets, useful life | 8 years |
| Building | Minimum | |
| Accounting Policies [Line Items] | |
| Bank premises and equipment, useful life | 25 years |
| Building | Maximum | |
| Accounting Policies [Line Items] | |
| Bank premises and equipment, useful life | 40 years |
| Leasehold Improvements | Minimum | |
| Accounting Policies [Line Items] | |
| Bank premises and equipment, useful life | 5 years |
| Leasehold Improvements | Maximum | |
| Accounting Policies [Line Items] | |
| Bank premises and equipment, useful life | 25 years |
| Furniture and equipment | Minimum | |
| Accounting Policies [Line Items] | |
| Bank premises and equipment, useful life | 3 years |
| Furniture and equipment | Maximum | |
| Accounting Policies [Line Items] | |
| Bank premises and equipment, useful life | 12 years |
Earnings Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Earnings Per Share [Abstract] | |||
| Shares excluded from computation of diluted EPS (in shares) | 344,230 | 1,505 | 0 |
| Basic earnings per share | |||
| Net Income | $ 104,033 | $ 106,507 | $ 124,403 |
| Total weighted average common stock outstanding (in shares) | 83,800,000 | 63,707,000 | 56,586,000 |
| Net income per share (in dollars per share) | $ 1.24 | $ 1.67 | $ 2.20 |
| Diluted earnings per share | |||
| Net Income | $ 104,033 | $ 106,507 | $ 124,403 |
| Total weighted average common stock outstanding (in shares) | 83,800,000 | 63,707,000 | 56,586,000 |
| Add: Dilutive effect of share-based awards outstanding (in shares) | 529,000 | 557,000 | 502,000 |
| Total weighted average diluted stock outstanding (in shares) | 84,329,000 | 64,264,000 | 57,088,000 |
| Net income per share (in dollars per share) | $ 1.23 | $ 1.66 | $ 2.18 |
Securities - Amortized Cost and Fair Value of Securities Available for Sale and Held for Investment (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Debt securities available-for-sale | ||
| Available for sale, amortized cost, total | $ 2,049,302 | $ 2,119,303 |
| Available for sale, gross unrealized gains | 4,432 | 1,101 |
| Available for sale, gross unrealized losses | (217,714) | (248,662) |
| Debt securities available-for-sale | 1,836,020 | 1,871,742 |
| Debt securities held-to-maturity | ||
| Held to maturity, amortized cost, total | 680,313 | 747,408 |
| Held to maturity, gross unrealized gains | 0 | 64 |
| Held to maturity, gross unrealized losses | (121,954) | (129,731) |
| Held to maturity, fair value | 558,359 | 617,741 |
| U.S. Treasury securities and obligations of U.S. government agencies | ||
| Debt securities available-for-sale | ||
| Available for sale, amortized cost, total | 37,718 | 13,813 |
| Available for sale, gross unrealized gains | 205 | 173 |
| Available for sale, gross unrealized losses | (478) | (339) |
| Debt securities available-for-sale | 37,445 | 13,647 |
| Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities | ||
| Debt securities available-for-sale | ||
| Available for sale, amortized cost, total | 1,152,753 | 1,170,062 |
| Available for sale, gross unrealized gains | 780 | 539 |
| Available for sale, gross unrealized losses | (184,152) | (196,272) |
| Debt securities available-for-sale | 969,381 | 974,329 |
| Debt securities held-to-maturity | ||
| Held to maturity, amortized cost, total | 590,676 | 634,300 |
| Held to maturity, gross unrealized gains | 0 | 64 |
| Held to maturity, gross unrealized losses | (111,746) | (116,711) |
| Held to maturity, fair value | 478,930 | 517,653 |
| Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities | ||
| Debt securities available-for-sale | ||
| Available for sale, amortized cost, total | 385,013 | 391,135 |
| Available for sale, gross unrealized gains | 2,824 | 0 |
| Available for sale, gross unrealized losses | (19,565) | (26,811) |
| Debt securities available-for-sale | 368,272 | 364,324 |
| Debt securities held-to-maturity | ||
| Held to maturity, amortized cost, total | 89,637 | 113,108 |
| Held to maturity, gross unrealized gains | 0 | 0 |
| Held to maturity, gross unrealized losses | (10,208) | (13,020) |
| Held to maturity, fair value | 79,429 | 100,088 |
| Private mortgage-backed securities and collateralized mortgage obligations | ||
| Debt securities available-for-sale | ||
| Available for sale, amortized cost, total | 135,878 | 179,148 |
| Available for sale, gross unrealized gains | 36 | 70 |
| Available for sale, gross unrealized losses | (10,911) | (12,831) |
| Debt securities available-for-sale | 125,003 | 166,387 |
| Collateralized loan obligations | ||
| Debt securities available-for-sale | ||
| Available for sale, amortized cost, total | 300,855 | 313,155 |
| Available for sale, gross unrealized gains | 11 | 0 |
| Available for sale, gross unrealized losses | (1,411) | (10,251) |
| Debt securities available-for-sale | 299,455 | 302,904 |
| Obligations of state and political subdivisions | ||
| Debt securities available-for-sale | ||
| Available for sale, amortized cost, total | 10,486 | 29,350 |
| Available for sale, gross unrealized gains | 0 | 122 |
| Available for sale, gross unrealized losses | (1,096) | (1,731) |
| Debt securities available-for-sale | 9,390 | 27,741 |
| Other debt securities | ||
| Debt securities available-for-sale | ||
| Available for sale, amortized cost, total | 26,599 | 22,640 |
| Available for sale, gross unrealized gains | 576 | 197 |
| Available for sale, gross unrealized losses | (101) | (427) |
| Debt securities available-for-sale | $ 27,074 | $ 22,410 |
Securities - Narrative (Details) - USD ($) |
1 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
Jan. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Debt Securities, Available-for-sale [Line Items] | ||||
| Proceeds from sale of available-for-sale debt securities, including legacy securities | $ 515,200,000 | $ 102,100,000 | ||
| Gross gains from sale of securities | 300,000 | |||
| Gross losses from sale of securities | 600,000 | |||
| Unrealized losses | $ 217,714,000 | 248,662,000 | ||
| Fair value of mortgage backed securities of government sponsored entities | 1,669,656,000 | 1,812,522,000 | ||
| Held-to-maturity securities, allowance for credit loss | 0 | |||
| Other assets of Federal Home Loan Bank and Federal Reserve Bank | 67,700,000 | |||
| Accrued interest receivable on AFS debt securities | 7,900,000 | 7,000,000 | ||
| Accrued interest receivable on HTM debt securities | $ 1,100,000 | $ 1,300,000 | ||
| Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] | Other assets | Other assets | ||
| Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] | Other assets | Other assets | ||
| Shares held (in shares) | 84,861,498 | 71,617,852 | ||
| Common Class B | Visa | ||||
| Debt Securities, Available-for-sale [Line Items] | ||||
| Shares held (in shares) | 11,330 | |||
| Common Class B | Visa | Subsequent Event | ||||
| Debt Securities, Available-for-sale [Line Items] | ||||
| Proceeds from sale of equity securities | $ 4,100,000 | |||
| Asset Pledged as Collateral | ||||
| Debt Securities, Available-for-sale [Line Items] | ||||
| Securities pledged as collateral | $ 1,700,000,000 | |||
| Other debt securities | ||||
| Debt Securities, Available-for-sale [Line Items] | ||||
| Proceeds from sale of available-for-sale debt securities, including legacy securities | 113,400,000 | |||
| Gross gains from sale of securities | 25,000 | |||
| Gross losses from sale of securities | 3,000,000 | |||
| Unrealized losses | 101,000 | $ 427,000 | ||
| Fair value of mortgage backed securities of government sponsored entities | 10,579,000 | 11,459,000 | ||
| CRA - qualified debt securities | ||||
| Debt Securities, Available-for-sale [Line Items] | ||||
| Gross gains from sale of securities | 42,000 | |||
| Gross losses from sale of securities | 1,100,000 | $ 200,000 | ||
| Equity securities | 13,600,000 | 8,200,000 | ||
| Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities | ||||
| Debt Securities, Available-for-sale [Line Items] | ||||
| Unrealized losses | 203,700,000 | |||
| Fair value of mortgage backed securities of government sponsored entities | 1,200,000,000 | |||
| Allowance for credit losses on AFS debt securities | 0 | |||
| Private mortgage-backed securities and collateralized mortgage obligations | ||||
| Debt Securities, Available-for-sale [Line Items] | ||||
| Unrealized losses | 10,911,000 | 12,831,000 | ||
| Fair value of mortgage backed securities of government sponsored entities | 123,420,000 | 155,722,000 | ||
| Allowance for credit losses on AFS debt securities | $ 0 | |||
| Average credit support percentage | 23.00% | |||
| Collateralized loan obligations | ||||
| Debt Securities, Available-for-sale [Line Items] | ||||
| Unrealized losses | $ 1,411,000 | 10,251,000 | ||
| Fair value of mortgage backed securities of government sponsored entities | 292,632,000 | 302,904,000 | ||
| Allowance for credit losses on AFS debt securities | $ 0 | |||
| Collateralized loan obligations | Standard & Poor's, AAA Rating | ||||
| Debt Securities, Available-for-sale [Line Items] | ||||
| Number of positions held, percentage of total | 35.00% | |||
| Collateralized loan obligations | Standard & Poor's, AA Rating | ||||
| Debt Securities, Available-for-sale [Line Items] | ||||
| Number of positions held, percentage of total | 26.00% | |||
| Obligations of state and political subdivisions | ||||
| Debt Securities, Available-for-sale [Line Items] | ||||
| Unrealized losses | $ 1,096,000 | 1,731,000 | ||
| Fair value of mortgage backed securities of government sponsored entities | 9,390,000 | $ 24,229,000 | ||
| Allowance for credit losses on AFS debt securities | $ 0 | |||
Securities - Amortized Cost and Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Amortized Cost | ||
| Due in less than one year | $ 0 | |
| Due after one year through five years | 0 | |
| Due after five years through ten years | 0 | |
| Due after ten years | 0 | |
| Held to maturity loans with maturity date, amortized cost, total | 0 | |
| Held to maturity, amortized cost, total | 680,313 | $ 747,408 |
| Fair Value | ||
| Due in less than one year | 0 | |
| Due after one year through five years | 0 | |
| Due after five years through ten years | 0 | |
| Due after ten years | 0 | |
| Held to maturity loans with maturity date, fair value, total | 0 | |
| Held to maturity, fair value | 558,359 | 617,741 |
| Amortized Cost | ||
| Due in less than one year | 4,537 | |
| Due after one year through five years | 6,066 | |
| Due after five years through ten years | 9,465 | |
| Due after ten years | 28,136 | |
| Available for sale loans with maturity date, amortized cost, total | 48,204 | |
| Available for sale, amortized cost, total | 2,049,302 | 2,119,303 |
| Fair Value | ||
| Due in less than one year | 4,504 | |
| Due after one year through five years | 6,069 | |
| Due after five years through ten years | 9,362 | |
| Due after ten years | 26,900 | |
| Available for sale loans with maturity date, fair value, total | 46,835 | |
| Securities available-for-sale (at fair value) | 1,836,020 | 1,871,742 |
| Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities | ||
| Amortized Cost | ||
| Loans without single maturity date | 590,676 | |
| Held to maturity, amortized cost, total | 590,676 | 634,300 |
| Fair Value | ||
| Loans without single maturity date | 478,930 | |
| Held to maturity, fair value | 478,930 | 517,653 |
| Amortized Cost | ||
| Loans without single maturity date | 1,152,753 | |
| Available for sale, amortized cost, total | 1,152,753 | 1,170,062 |
| Fair Value | ||
| Loans without single maturity date | 969,381 | |
| Securities available-for-sale (at fair value) | 969,381 | 974,329 |
| Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities | ||
| Amortized Cost | ||
| Loans without single maturity date | 89,637 | |
| Held to maturity, amortized cost, total | 89,637 | 113,108 |
| Fair Value | ||
| Loans without single maturity date | 79,429 | |
| Held to maturity, fair value | 79,429 | 100,088 |
| Amortized Cost | ||
| Loans without single maturity date | 385,013 | |
| Available for sale, amortized cost, total | 385,013 | 391,135 |
| Fair Value | ||
| Loans without single maturity date | 368,272 | |
| Securities available-for-sale (at fair value) | 368,272 | 364,324 |
| Private mortgage-backed securities and collateralized mortgage obligations | ||
| Amortized Cost | ||
| Loans without single maturity date | 0 | |
| Fair Value | ||
| Loans without single maturity date | 0 | |
| Amortized Cost | ||
| Loans without single maturity date | 135,878 | |
| Available for sale, amortized cost, total | 135,878 | 179,148 |
| Fair Value | ||
| Loans without single maturity date | 125,003 | |
| Securities available-for-sale (at fair value) | 125,003 | 166,387 |
| Collateralized loan obligations | ||
| Amortized Cost | ||
| Loans without single maturity date | 0 | |
| Fair Value | ||
| Loans without single maturity date | 0 | |
| Amortized Cost | ||
| Loans without single maturity date | 300,855 | |
| Available for sale, amortized cost, total | 300,855 | 313,155 |
| Fair Value | ||
| Loans without single maturity date | 299,455 | |
| Securities available-for-sale (at fair value) | 299,455 | 302,904 |
| Other debt securities | ||
| Amortized Cost | ||
| Loans without single maturity date | 0 | |
| Fair Value | ||
| Loans without single maturity date | 0 | |
| Amortized Cost | ||
| Loans without single maturity date | 26,599 | |
| Available for sale, amortized cost, total | 26,599 | 22,640 |
| Fair Value | ||
| Loans without single maturity date | 27,074 | |
| Securities available-for-sale (at fair value) | $ 27,074 | $ 22,410 |
Securities - Schedule of Unrealized Loss and Fair Value on Investments (Details) $ in Thousands |
Dec. 31, 2023
USD ($)
security
|
Dec. 31, 2022
USD ($)
security
|
|---|---|---|
| Fair Value | ||
| Less Than 12 Months | $ 215,988 | $ 1,058,561 |
| 12 Months or Longer | 1,453,668 | 753,961 |
| Total | 1,669,656 | 1,812,522 |
| Unrealized Losses | ||
| Less Than 12 Months | (11,128) | (73,965) |
| 12 Months or Longer | (206,586) | (174,697) |
| Total | $ (217,714) | $ (248,662) |
| Number of individual securities | security | 504 | 420 |
| Residential mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities | ||
| Fair Value | ||
| Less Than 12 Months | $ 91,867 | $ 304,732 |
| 12 Months or Longer | 826,324 | 645,115 |
| Total | 918,191 | 949,847 |
| Unrealized Losses | ||
| Less Than 12 Months | (9,320) | (33,401) |
| 12 Months or Longer | (174,832) | (162,870) |
| Total | (184,152) | (196,271) |
| Collateralized loan obligations | ||
| Fair Value | ||
| Less Than 12 Months | 60,087 | 242,370 |
| 12 Months or Longer | 232,545 | 60,534 |
| Total | 292,632 | 302,904 |
| Unrealized Losses | ||
| Less Than 12 Months | (223) | (8,343) |
| 12 Months or Longer | (1,188) | (1,908) |
| Total | (1,411) | (10,251) |
| Commercial mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities | ||
| Fair Value | ||
| Less Than 12 Months | 24,251 | 341,920 |
| 12 Months or Longer | 262,666 | 22,404 |
| Total | 286,917 | 364,324 |
| Unrealized Losses | ||
| Less Than 12 Months | (1,270) | (21,555) |
| 12 Months or Longer | (18,295) | (5,257) |
| Total | (19,565) | (26,812) |
| Private mortgage-backed securities and collateralized mortgage obligations | ||
| Fair Value | ||
| Less Than 12 Months | 3,945 | 130,488 |
| 12 Months or Longer | 119,475 | 25,234 |
| Total | 123,420 | 155,722 |
| Unrealized Losses | ||
| Less Than 12 Months | (69) | (8,255) |
| 12 Months or Longer | (10,842) | (4,576) |
| Total | (10,911) | (12,831) |
| U.S. Treasury securities and obligations of U.S. government agencies | ||
| Fair Value | ||
| Less Than 12 Months | 24,933 | 3,788 |
| 12 Months or Longer | 3,594 | 249 |
| Total | 28,527 | 4,037 |
| Unrealized Losses | ||
| Less Than 12 Months | (143) | (328) |
| 12 Months or Longer | (335) | (11) |
| Total | (478) | (339) |
| Other debt securities | ||
| Fair Value | ||
| Less Than 12 Months | 10,579 | 11,459 |
| 12 Months or Longer | 0 | 0 |
| Total | 10,579 | 11,459 |
| Unrealized Losses | ||
| Less Than 12 Months | (101) | (427) |
| 12 Months or Longer | 0 | 0 |
| Total | (101) | (427) |
| Obligations of state and political subdivisions | ||
| Fair Value | ||
| Less Than 12 Months | 326 | 23,804 |
| 12 Months or Longer | 9,064 | 425 |
| Total | 9,390 | 24,229 |
| Unrealized Losses | ||
| Less Than 12 Months | (2) | (1,656) |
| 12 Months or Longer | (1,094) | (75) |
| Total | $ (1,096) | $ (1,731) |
Loans - Schedule of Portfolio Loans, Purchased Credit Impaired Loans and Purchased Unimpaired Loans (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | $ 10,062,940 | $ 8,144,724 |
| Construction and land development | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 767,622 | 587,332 |
| Commercial real estate - owner occupied | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 1,670,281 | 1,478,302 |
| Commercial real estate - non-owner occupied | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 3,319,890 | 2,589,774 |
| Residential real estate | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 2,445,692 | 1,849,503 |
| Commercial and financial | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 1,607,888 | 1,353,225 |
| Consumer | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 251,567 | 286,587 |
| Acquired Non-PCD Loans | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 3,227,169 | 1,965,749 |
| Acquired Non-PCD Loans | Construction and land development | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 247,654 | 201,333 |
| Acquired Non-PCD Loans | Commercial real estate - owner occupied | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 552,627 | 451,202 |
| Acquired Non-PCD Loans | Commercial real estate - non-owner occupied | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 1,323,222 | 767,138 |
| Acquired Non-PCD Loans | Residential real estate | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 710,129 | 271,378 |
| Acquired Non-PCD Loans | Commercial and financial | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 318,683 | 185,240 |
| Acquired Non-PCD Loans | Consumer | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 74,854 | 89,458 |
| PCD Loans | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 264,317 | 234,782 |
| PCD Loans | Construction and land development | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 542 | 21,100 |
| PCD Loans | Commercial real estate - owner occupied | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 38,021 | 31,946 |
| PCD Loans | Commercial real estate - non-owner occupied | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 152,080 | 127,225 |
| PCD Loans | Residential real estate | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 20,815 | 19,482 |
| PCD Loans | Commercial and financial | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 52,115 | 15,238 |
| PCD Loans | Consumer | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 744 | 19,791 |
| Portfolio Loans | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 6,571,454 | 5,944,193 |
| Portfolio Loans | Construction and land development | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 519,426 | 364,900 |
| Portfolio Loans | Commercial real estate - owner occupied | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 1,079,633 | 995,154 |
| Portfolio Loans | Commercial real estate - non-owner occupied | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 1,844,588 | 1,695,411 |
| Portfolio Loans | Residential real estate | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 1,714,748 | 1,558,643 |
| Portfolio Loans | Commercial and financial | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | 1,237,090 | 1,152,747 |
| Portfolio Loans | Consumer | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans | $ 175,969 | $ 177,338 |
Loans - Narrative (Details) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2023
USD ($)
Loan
|
Dec. 31, 2022
USD ($)
|
Dec. 31, 2021
USD ($)
|
|
| Financing Receivable, Modified [Line Items] | |||
| Net deferred costs | $ 43,100 | $ 35,100 | |
| Accrued interest receivable | 39,400 | 28,200 | |
| Loans | $ 10,062,940 | 8,144,724 | |
| New loans | Loan | 0 | ||
| Interest income on nonaccrual loans | $ 500 | 1,600 | $ 1,200 |
| Related Party | |||
| Financing Receivable, Modified [Line Items] | |||
| Loans | 300 | 400 | |
| Loans | |||
| Financing Receivable, Modified [Line Items] | |||
| Remaining fair value adjustment for loans acquired | $ 174,000 | $ 97,700 | |
| Percentage of fair value adjustment for loans acquired | 4.80% | 4.30% | |
| Residential real estate | |||
| Financing Receivable, Modified [Line Items] | |||
| Loans | $ 2,445,692 | $ 1,849,503 | |
| Commercial real estate - non-owner occupied | |||
| Financing Receivable, Modified [Line Items] | |||
| Loans | $ 3,319,890 | $ 2,589,774 | |
Loans - Past Due Financing Receivables (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Financing Receivable, Past Due [Line Items] | ||
| Loans | $ 10,062,940 | $ 8,144,724 |
| Nonaccrual | 65,104 | 28,843 |
| Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 3,227,169 | 1,965,749 |
| Nonaccrual | 14,256 | 2,630 |
| PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 264,317 | 234,782 |
| Nonaccrual | 25,976 | 10,563 |
| Current | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 9,967,309 | 8,104,803 |
| Current | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 3,192,780 | 1,958,490 |
| Current | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 237,328 | 222,282 |
| Accruing 30-59 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 25,257 | 6,929 |
| Accruing 30-59 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 17,363 | 3,104 |
| Accruing 30-59 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 682 | 1,038 |
| Accruing 60-89 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 4,091 | 2,301 |
| Accruing 60-89 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,964 | 1,000 |
| Accruing 60-89 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 177 | 359 |
| Accruing Greater Than 90 Days | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,179 | 1,848 |
| Accruing Greater Than 90 Days | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 806 | 525 |
| Accruing Greater Than 90 Days | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 154 | 540 |
| Construction and land development | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 767,622 | 587,332 |
| Nonaccrual | 824 | 615 |
| Construction and land development | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 247,654 | 201,333 |
| Nonaccrual | 800 | 70 |
| Construction and land development | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 542 | 21,100 |
| Nonaccrual | 0 | 420 |
| Construction and land development | Current | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 245,674 | 201,263 |
| Construction and land development | Current | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 442 | 20,680 |
| Construction and land development | Accruing 30-59 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 891 | 0 |
| Construction and land development | Accruing 30-59 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 100 | 0 |
| Construction and land development | Accruing 60-89 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 289 | 0 |
| Construction and land development | Accruing 60-89 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Construction and land development | Accruing Greater Than 90 Days | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Construction and land development | Accruing Greater Than 90 Days | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Commercial real estate - owner occupied | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,670,281 | 1,478,302 |
| Nonaccrual | 9,684 | 2,597 |
| Commercial real estate - owner occupied | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 552,627 | 451,202 |
| Nonaccrual | 5,429 | 0 |
| Commercial real estate - owner occupied | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 38,021 | 31,946 |
| Nonaccrual | 3,354 | 1,383 |
| Commercial real estate - owner occupied | Current | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 545,374 | 450,109 |
| Commercial real estate - owner occupied | Current | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 34,667 | 30,517 |
| Commercial real estate - owner occupied | Accruing 30-59 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,691 | 796 |
| Commercial real estate - owner occupied | Accruing 30-59 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 23 |
| Commercial real estate - owner occupied | Accruing 60-89 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 133 | 297 |
| Commercial real estate - owner occupied | Accruing 60-89 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 23 |
| Commercial real estate - owner occupied | Accruing Greater Than 90 Days | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Commercial real estate - owner occupied | Accruing Greater Than 90 Days | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Commercial real estate - non-owner occupied | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 3,319,890 | 2,589,774 |
| Nonaccrual | 8,735 | 4,184 |
| Commercial real estate - non-owner occupied | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,323,222 | 767,138 |
| Nonaccrual | 1,545 | 1,343 |
| Commercial real estate - non-owner occupied | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 152,080 | 127,225 |
| Nonaccrual | 3,772 | 3,110 |
| Commercial real estate - non-owner occupied | Current | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,310,100 | 765,633 |
| Commercial real estate - non-owner occupied | Current | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 148,308 | 124,115 |
| Commercial real estate - non-owner occupied | Accruing 30-59 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 11,577 | 162 |
| Commercial real estate - non-owner occupied | Accruing 30-59 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Commercial real estate - non-owner occupied | Accruing 60-89 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Commercial real estate - non-owner occupied | Accruing 60-89 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Commercial real estate - non-owner occupied | Accruing Greater Than 90 Days | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Commercial real estate - non-owner occupied | Accruing Greater Than 90 Days | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Residential real estate | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 2,445,692 | 1,849,503 |
| Nonaccrual | 9,986 | 9,109 |
| Residential real estate | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 710,129 | 271,378 |
| Nonaccrual | 2,085 | 586 |
| Residential real estate | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 20,815 | 19,482 |
| Nonaccrual | 1,072 | 1,587 |
| Residential real estate | Current | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 704,417 | 270,215 |
| Residential real estate | Current | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 18,923 | 17,885 |
| Residential real estate | Accruing 30-59 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 2,586 | 577 |
| Residential real estate | Accruing 30-59 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 497 | 10 |
| Residential real estate | Accruing 60-89 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 888 | 0 |
| Residential real estate | Accruing 60-89 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 169 | 0 |
| Residential real estate | Accruing Greater Than 90 Days | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 153 | 0 |
| Residential real estate | Accruing Greater Than 90 Days | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 154 | 0 |
| Commercial and financial | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,607,888 | 1,353,225 |
| Nonaccrual | 34,693 | 11,615 |
| Commercial and financial | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 318,683 | 185,240 |
| Nonaccrual | 3,333 | 410 |
| Commercial and financial | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 52,115 | 15,238 |
| Nonaccrual | 17,778 | 4,033 |
| Commercial and financial | Current | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 315,229 | 183,953 |
| Commercial and financial | Current | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 34,337 | 11,201 |
| Commercial and financial | Accruing 30-59 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 50 | 790 |
| Commercial and financial | Accruing 30-59 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 4 |
| Commercial and financial | Accruing 60-89 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 36 | 87 |
| Commercial and financial | Accruing 60-89 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Commercial and financial | Accruing Greater Than 90 Days | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 35 | 0 |
| Commercial and financial | Accruing Greater Than 90 Days | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Consumer | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 251,567 | 286,587 |
| Nonaccrual | 1,182 | 723 |
| Consumer | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 74,854 | 89,458 |
| Nonaccrual | 1,064 | 221 |
| Consumer | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 744 | 19,791 |
| Nonaccrual | 0 | 30 |
| Consumer | Current | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 71,986 | 87,317 |
| Consumer | Current | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 651 | 17,884 |
| Consumer | Accruing 30-59 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 568 | 779 |
| Consumer | Accruing 30-59 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 85 | 1,001 |
| Consumer | Accruing 60-89 Days Past Due | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 618 | 616 |
| Consumer | Accruing 60-89 Days Past Due | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 8 | 336 |
| Consumer | Accruing Greater Than 90 Days | Acquired Non-PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 618 | 525 |
| Consumer | Accruing Greater Than 90 Days | PCD Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 540 |
| Portfolio Loans | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 6,571,454 | 5,944,193 |
| Nonaccrual | 24,872 | 15,650 |
| Portfolio Loans | Current | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 6,537,201 | 5,924,031 |
| Portfolio Loans | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 7,212 | 2,787 |
| Portfolio Loans | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,950 | 942 |
| Portfolio Loans | Accruing Greater Than 90 Days | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 219 | 783 |
| Portfolio Loans | Construction and land development | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 519,426 | 364,900 |
| Nonaccrual | 24 | 59 |
| Portfolio Loans | Construction and land development | Current | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 519,383 | 364,841 |
| Portfolio Loans | Construction and land development | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 19 | 0 |
| Portfolio Loans | Construction and land development | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Portfolio Loans | Construction and land development | Accruing Greater Than 90 Days | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Portfolio Loans | Commercial real estate - owner occupied | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,079,633 | 995,154 |
| Nonaccrual | 901 | 957 |
| Portfolio Loans | Commercial real estate - owner occupied | Current | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,078,732 | 993,690 |
| Portfolio Loans | Commercial real estate - owner occupied | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Portfolio Loans | Commercial real estate - owner occupied | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 67 |
| Portfolio Loans | Commercial real estate - owner occupied | Accruing Greater Than 90 Days | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 440 |
| Portfolio Loans | Commercial real estate - non-owner occupied | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,844,588 | 1,695,411 |
| Nonaccrual | 3,418 | 30 |
| Portfolio Loans | Commercial real estate - non-owner occupied | Current | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,840,485 | 1,695,381 |
| Portfolio Loans | Commercial real estate - non-owner occupied | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 685 | 0 |
| Portfolio Loans | Commercial real estate - non-owner occupied | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Portfolio Loans | Commercial real estate - non-owner occupied | Accruing Greater Than 90 Days | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 0 | 0 |
| Portfolio Loans | Residential real estate | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,714,748 | 1,558,643 |
| Nonaccrual | 6,829 | 7,284 |
| Portfolio Loans | Residential real estate | Current | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,701,862 | 1,550,040 |
| Portfolio Loans | Residential real estate | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 4,373 | 1,172 |
| Portfolio Loans | Residential real estate | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,515 | 147 |
| Portfolio Loans | Residential real estate | Accruing Greater Than 90 Days | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 169 | 0 |
| Portfolio Loans | Commercial and financial | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,237,090 | 1,152,747 |
| Nonaccrual | 13,582 | 7,229 |
| Portfolio Loans | Commercial and financial | Current | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,221,941 | 1,143,635 |
| Portfolio Loans | Commercial and financial | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 1,372 | 1,065 |
| Portfolio Loans | Commercial and financial | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 145 | 476 |
| Portfolio Loans | Commercial and financial | Accruing Greater Than 90 Days | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 50 | 342 |
| Portfolio Loans | Consumer | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 175,969 | 177,338 |
| Nonaccrual | 118 | 91 |
| Portfolio Loans | Consumer | Current | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 174,798 | 176,444 |
| Portfolio Loans | Consumer | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 763 | 550 |
| Portfolio Loans | Consumer | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | 290 | 252 |
| Portfolio Loans | Consumer | Accruing Greater Than 90 Days | ||
| Financing Receivable, Past Due [Line Items] | ||
| Loans | $ 0 | $ 1 |
Loans - Schedule of Nonaccrual Loans by Loan Category (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Financing Receivable, Nonaccrual [Line Items] | ||
| Nonaccrual loans with no related allowance for credit losses | $ 15,457 | $ 17,755 |
| Nonaccrual loans with allowance for credit losses | 49,647 | 11,088 |
| Nonaccrual loans with no related allowance for credit losses, total loans | 65,104 | 28,843 |
| Construction and land development | ||
| Financing Receivable, Nonaccrual [Line Items] | ||
| Nonaccrual loans with no related allowance for credit losses | 0 | 615 |
| Nonaccrual loans with allowance for credit losses | 824 | 0 |
| Nonaccrual loans with no related allowance for credit losses, total loans | 824 | 615 |
| Commercial real estate - owner occupied | ||
| Financing Receivable, Nonaccrual [Line Items] | ||
| Nonaccrual loans with no related allowance for credit losses | 4,859 | 957 |
| Nonaccrual loans with allowance for credit losses | 4,825 | 1,641 |
| Nonaccrual loans with no related allowance for credit losses, total loans | 9,684 | 2,597 |
| Commercial real estate - non-owner occupied | ||
| Financing Receivable, Nonaccrual [Line Items] | ||
| Nonaccrual loans with no related allowance for credit losses | 3,938 | 3,347 |
| Nonaccrual loans with allowance for credit losses | 4,797 | 837 |
| Nonaccrual loans with no related allowance for credit losses, total loans | 8,735 | 4,184 |
| Residential real estate | ||
| Financing Receivable, Nonaccrual [Line Items] | ||
| Nonaccrual loans with no related allowance for credit losses | 1,792 | 8,072 |
| Nonaccrual loans with allowance for credit losses | 8,194 | 1,036 |
| Nonaccrual loans with no related allowance for credit losses, total loans | 9,986 | 9,109 |
| Commercial and financial | ||
| Financing Receivable, Nonaccrual [Line Items] | ||
| Nonaccrual loans with no related allowance for credit losses | 4,868 | 4,724 |
| Nonaccrual loans with allowance for credit losses | 29,825 | 6,891 |
| Nonaccrual loans with no related allowance for credit losses, total loans | 34,693 | 11,615 |
| Consumer | ||
| Financing Receivable, Nonaccrual [Line Items] | ||
| Nonaccrual loans with no related allowance for credit losses | 0 | 40 |
| Nonaccrual loans with allowance for credit losses | 1,182 | 683 |
| Nonaccrual loans with no related allowance for credit losses, total loans | $ 1,182 | $ 723 |
Loans - Credit Quality Indicator of Loans by Class of Loans (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | $ 974,245 | $ 1,771,386 | |
| One year prior to current fiscal year | 2,264,733 | 1,972,420 | |
| Two years prior to current fiscal year | 2,112,263 | 752,699 | |
| Three years prior to current fiscal year | 804,167 | 749,534 | |
| Four years prior to current fiscal year | 797,510 | 545,447 | |
| Prior | 2,015,489 | 1,469,313 | |
| Revolving | 1,094,533 | 883,925 | |
| Total | 10,062,940 | 8,144,724 | |
| Current fiscal year, Charge Offs | 1,272 | ||
| One year prior to current fiscal year, Charge Offs | 2,027 | ||
| Two years prior to current fiscal year, Charge Offs | 2,888 | ||
| Three years prior to current fiscal year, Charge Offs | 3,413 | ||
| Four years prior to current fiscal year, Charge Offs | 845 | ||
| Prior, Charge Offs | 13,409 | ||
| Revolving, Charge Offs | 941 | ||
| Total, Charge Offs | 24,795 | 2,911 | $ 6,098 |
| Construction and land development | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 80,750 | 237,727 | |
| One year prior to current fiscal year | 296,450 | 219,469 | |
| Two years prior to current fiscal year | 107,158 | 18,239 | |
| Three years prior to current fiscal year | 20,199 | 27,753 | |
| Four years prior to current fiscal year | 21,942 | 13,742 | |
| Prior | 29,794 | 19,427 | |
| Revolving | 211,329 | 50,975 | |
| Total | 767,622 | 587,332 | |
| Current fiscal year, Charge Offs | 0 | ||
| One year prior to current fiscal year, Charge Offs | 0 | ||
| Two years prior to current fiscal year, Charge Offs | 0 | ||
| Three years prior to current fiscal year, Charge Offs | 0 | ||
| Four years prior to current fiscal year, Charge Offs | 0 | ||
| Prior, Charge Offs | 0 | ||
| Revolving, Charge Offs | 0 | ||
| Total, Charge Offs | 0 | 0 | 0 |
| Construction and land development | Pass | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 80,750 | 223,204 | |
| One year prior to current fiscal year | 295,043 | 209,738 | |
| Two years prior to current fiscal year | 107,158 | 18,239 | |
| Three years prior to current fiscal year | 20,199 | 24,600 | |
| Four years prior to current fiscal year | 21,942 | 12,783 | |
| Prior | 28,902 | 19,022 | |
| Revolving | 210,716 | 50,960 | |
| Total | 764,710 | 558,546 | |
| Construction and land development | Special Mention | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 14,523 | |
| One year prior to current fiscal year | 1,407 | 452 | |
| Two years prior to current fiscal year | 0 | 0 | |
| Three years prior to current fiscal year | 0 | 3,153 | |
| Four years prior to current fiscal year | 0 | 0 | |
| Prior | 393 | 0 | |
| Revolving | 289 | 15 | |
| Total | 2,089 | 18,143 | |
| Construction and land development | Substandard | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 0 | 9,227 | |
| Two years prior to current fiscal year | 0 | 0 | |
| Three years prior to current fiscal year | 0 | 0 | |
| Four years prior to current fiscal year | 0 | 959 | |
| Prior | 499 | 0 | |
| Revolving | 324 | 0 | |
| Total | 823 | 10,186 | |
| Construction and land development | Substandard Impaired | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 0 | 52 | |
| Two years prior to current fiscal year | 0 | 0 | |
| Three years prior to current fiscal year | 0 | 0 | |
| Four years prior to current fiscal year | 0 | 0 | |
| Prior | 0 | 405 | |
| Revolving | 0 | 0 | |
| Total | 0 | 457 | |
| Construction and land development | Doubtful | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 0 | 0 | |
| Two years prior to current fiscal year | 0 | 0 | |
| Three years prior to current fiscal year | 0 | 0 | |
| Four years prior to current fiscal year | 0 | 0 | |
| Prior | 0 | 0 | |
| Revolving | 0 | 0 | |
| Total | 0 | 0 | |
| Commercial real estate - owner occupied | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 145,642 | 216,147 | |
| One year prior to current fiscal year | 278,567 | 251,638 | |
| Two years prior to current fiscal year | 284,262 | 183,111 | |
| Three years prior to current fiscal year | 172,466 | 192,625 | |
| Four years prior to current fiscal year | 179,537 | 124,983 | |
| Prior | 572,790 | 477,545 | |
| Revolving | 37,017 | 32,253 | |
| Total | 1,670,281 | 1,478,302 | |
| Current fiscal year, Charge Offs | 0 | ||
| One year prior to current fiscal year, Charge Offs | 0 | ||
| Two years prior to current fiscal year, Charge Offs | 0 | ||
| Three years prior to current fiscal year, Charge Offs | 0 | ||
| Four years prior to current fiscal year, Charge Offs | 0 | ||
| Prior, Charge Offs | 0 | ||
| Revolving, Charge Offs | 0 | ||
| Total, Charge Offs | 0 | 0 | 0 |
| Commercial real estate - owner occupied | Pass | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 145,642 | 215,453 | |
| One year prior to current fiscal year | 272,384 | 251,638 | |
| Two years prior to current fiscal year | 281,870 | 180,081 | |
| Three years prior to current fiscal year | 165,475 | 185,286 | |
| Four years prior to current fiscal year | 171,897 | 121,568 | |
| Prior | 551,177 | 467,963 | |
| Revolving | 36,952 | 32,253 | |
| Total | 1,625,397 | 1,454,242 | |
| Commercial real estate - owner occupied | Special Mention | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 694 | |
| One year prior to current fiscal year | 159 | 0 | |
| Two years prior to current fiscal year | 1,335 | 2,363 | |
| Three years prior to current fiscal year | 0 | 4,403 | |
| Four years prior to current fiscal year | 524 | 2,548 | |
| Prior | 9,122 | 2,869 | |
| Revolving | 1 | 0 | |
| Total | 11,141 | 12,877 | |
| Commercial real estate - owner occupied | Substandard | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 5,176 | 0 | |
| Two years prior to current fiscal year | 1,041 | 667 | |
| Three years prior to current fiscal year | 6,342 | 2,625 | |
| Four years prior to current fiscal year | 7,113 | 573 | |
| Prior | 4,387 | 4,444 | |
| Revolving | 0 | 0 | |
| Total | 24,059 | 8,309 | |
| Commercial real estate - owner occupied | Substandard Impaired | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 848 | 0 | |
| Two years prior to current fiscal year | 16 | 0 | |
| Three years prior to current fiscal year | 649 | 311 | |
| Four years prior to current fiscal year | 3 | 294 | |
| Prior | 8,104 | 2,269 | |
| Revolving | 64 | 0 | |
| Total | 9,684 | 2,874 | |
| Commercial real estate - owner occupied | Doubtful | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 0 | 0 | |
| Two years prior to current fiscal year | 0 | 0 | |
| Three years prior to current fiscal year | 0 | 0 | |
| Four years prior to current fiscal year | 0 | 0 | |
| Prior | 0 | 0 | |
| Revolving | 0 | 0 | |
| Total | 0 | 0 | |
| Commercial real estate - non-owner occupied | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 234,226 | 593,364 | |
| One year prior to current fiscal year | 814,591 | 546,911 | |
| Two years prior to current fiscal year | 668,314 | 252,787 | |
| Three years prior to current fiscal year | 301,109 | 338,460 | |
| Four years prior to current fiscal year | 407,458 | 233,622 | |
| Prior | 867,988 | 589,304 | |
| Revolving | 26,204 | 35,326 | |
| Total | 3,319,890 | 2,589,774 | |
| Current fiscal year, Charge Offs | 0 | ||
| One year prior to current fiscal year, Charge Offs | 0 | ||
| Two years prior to current fiscal year, Charge Offs | 11 | ||
| Three years prior to current fiscal year, Charge Offs | 0 | ||
| Four years prior to current fiscal year, Charge Offs | 0 | ||
| Prior, Charge Offs | 0 | ||
| Revolving, Charge Offs | 109 | ||
| Total, Charge Offs | 120 | 179 | 1,327 |
| Commercial real estate - non-owner occupied | Pass | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 234,226 | 593,364 | |
| One year prior to current fiscal year | 784,525 | 530,462 | |
| Two years prior to current fiscal year | 657,499 | 231,693 | |
| Three years prior to current fiscal year | 288,747 | 331,173 | |
| Four years prior to current fiscal year | 397,031 | 228,077 | |
| Prior | 841,062 | 575,656 | |
| Revolving | 25,954 | 35,326 | |
| Total | 3,229,044 | 2,525,751 | |
| Commercial real estate - non-owner occupied | Special Mention | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 29,381 | 16,257 | |
| Two years prior to current fiscal year | 2,092 | 735 | |
| Three years prior to current fiscal year | 2,964 | 5,438 | |
| Four years prior to current fiscal year | 0 | 0 | |
| Prior | 12,120 | 4,975 | |
| Revolving | 0 | 0 | |
| Total | 46,557 | 27,405 | |
| Commercial real estate - non-owner occupied | Substandard | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 685 | 192 | |
| Two years prior to current fiscal year | 8,723 | 19,315 | |
| Three years prior to current fiscal year | 8,332 | 0 | |
| Four years prior to current fiscal year | 8,578 | 5,515 | |
| Prior | 8,985 | 7,412 | |
| Revolving | 250 | 0 | |
| Total | 35,553 | 32,434 | |
| Commercial real estate - non-owner occupied | Substandard Impaired | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 0 | 0 | |
| Two years prior to current fiscal year | 0 | 1,044 | |
| Three years prior to current fiscal year | 1,066 | 1,849 | |
| Four years prior to current fiscal year | 1,849 | 30 | |
| Prior | 5,821 | 1,261 | |
| Revolving | 0 | 0 | |
| Total | 8,736 | 4,184 | |
| Commercial real estate - non-owner occupied | Doubtful | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 0 | 0 | |
| Two years prior to current fiscal year | 0 | 0 | |
| Three years prior to current fiscal year | 0 | 0 | |
| Four years prior to current fiscal year | 0 | 0 | |
| Prior | 0 | 0 | |
| Revolving | 0 | 0 | |
| Total | 0 | 0 | |
| Residential real estate | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 177,303 | 270,054 | |
| One year prior to current fiscal year | 450,366 | 552,950 | |
| Two years prior to current fiscal year | 650,005 | 122,062 | |
| Three years prior to current fiscal year | 161,012 | 77,132 | |
| Four years prior to current fiscal year | 95,660 | 98,008 | |
| Prior | 423,161 | 302,994 | |
| Revolving | 488,185 | 426,303 | |
| Total | 2,445,692 | 1,849,503 | |
| Current fiscal year, Charge Offs | 0 | ||
| One year prior to current fiscal year, Charge Offs | 0 | ||
| Two years prior to current fiscal year, Charge Offs | 0 | ||
| Three years prior to current fiscal year, Charge Offs | 44 | ||
| Four years prior to current fiscal year, Charge Offs | 0 | ||
| Prior, Charge Offs | 159 | ||
| Revolving, Charge Offs | 153 | ||
| Total, Charge Offs | 356 | 84 | 57 |
| Residential real estate | Pass | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 177,000 | 270,054 | |
| One year prior to current fiscal year | 450,366 | 552,950 | |
| Two years prior to current fiscal year | 649,086 | 121,879 | |
| Three years prior to current fiscal year | 160,889 | 77,100 | |
| Four years prior to current fiscal year | 95,288 | 97,900 | |
| Prior | 413,719 | 292,867 | |
| Revolving | 479,047 | 423,764 | |
| Total | 2,425,395 | 1,836,514 | |
| Residential real estate | Special Mention | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 208 | 0 | |
| One year prior to current fiscal year | 0 | 0 | |
| Two years prior to current fiscal year | 0 | 50 | |
| Three years prior to current fiscal year | 0 | 0 | |
| Four years prior to current fiscal year | 58 | 25 | |
| Prior | 482 | 269 | |
| Revolving | 4,004 | 884 | |
| Total | 4,752 | 1,228 | |
| Residential real estate | Substandard | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 0 | 0 | |
| Two years prior to current fiscal year | 0 | 0 | |
| Three years prior to current fiscal year | 0 | 0 | |
| Four years prior to current fiscal year | 0 | 0 | |
| Prior | 0 | 343 | |
| Revolving | 1,824 | 85 | |
| Total | 1,824 | 428 | |
| Residential real estate | Substandard Impaired | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 95 | 0 | |
| One year prior to current fiscal year | 0 | 0 | |
| Two years prior to current fiscal year | 919 | 133 | |
| Three years prior to current fiscal year | 123 | 32 | |
| Four years prior to current fiscal year | 314 | 83 | |
| Prior | 8,960 | 9,515 | |
| Revolving | 3,310 | 1,570 | |
| Total | 13,721 | 11,333 | |
| Residential real estate | Doubtful | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 0 | 0 | |
| Two years prior to current fiscal year | 0 | 0 | |
| Three years prior to current fiscal year | 0 | 0 | |
| Four years prior to current fiscal year | 0 | 0 | |
| Prior | 0 | 0 | |
| Revolving | 0 | 0 | |
| Total | 0 | 0 | |
| Commercial and financial | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 315,696 | 361,082 | |
| One year prior to current fiscal year | 356,796 | 323,562 | |
| Two years prior to current fiscal year | 355,820 | 148,489 | |
| Three years prior to current fiscal year | 129,454 | 84,487 | |
| Four years prior to current fiscal year | 72,557 | 63,364 | |
| Prior | 102,305 | 63,135 | |
| Revolving | 275,260 | 309,106 | |
| Total | 1,607,888 | 1,353,225 | |
| Current fiscal year, Charge Offs | 1,198 | ||
| One year prior to current fiscal year, Charge Offs | 117 | ||
| Two years prior to current fiscal year, Charge Offs | 659 | ||
| Three years prior to current fiscal year, Charge Offs | 3,007 | ||
| Four years prior to current fiscal year, Charge Offs | 582 | ||
| Prior, Charge Offs | 12,584 | ||
| Revolving, Charge Offs | 418 | ||
| Total, Charge Offs | 18,565 | 1,233 | 3,987 |
| Commercial and financial | Pass | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 315,560 | 359,833 | |
| One year prior to current fiscal year | 336,071 | 323,014 | |
| Two years prior to current fiscal year | 333,113 | 142,332 | |
| Three years prior to current fiscal year | 127,069 | 77,562 | |
| Four years prior to current fiscal year | 66,165 | 57,924 | |
| Prior | 89,002 | 58,648 | |
| Revolving | 269,108 | 292,818 | |
| Total | 1,536,088 | 1,312,131 | |
| Commercial and financial | Special Mention | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 136 | 1,244 | |
| One year prior to current fiscal year | 2,167 | 423 | |
| Two years prior to current fiscal year | 1,064 | 106 | |
| Three years prior to current fiscal year | 1,005 | 474 | |
| Four years prior to current fiscal year | 503 | 195 | |
| Prior | 1,103 | 259 | |
| Revolving | 2,191 | 2,998 | |
| Total | 8,169 | 5,699 | |
| Commercial and financial | Substandard | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 9,136 | 67 | |
| Two years prior to current fiscal year | 10,810 | 942 | |
| Three years prior to current fiscal year | 804 | 6,304 | |
| Four years prior to current fiscal year | 1,002 | 1,603 | |
| Prior | 3,340 | 1,683 | |
| Revolving | 3,847 | 13,114 | |
| Total | 28,939 | 23,713 | |
| Commercial and financial | Substandard Impaired | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 5 | |
| One year prior to current fiscal year | 9,422 | 58 | |
| Two years prior to current fiscal year | 10,833 | 5,109 | |
| Three years prior to current fiscal year | 576 | 147 | |
| Four years prior to current fiscal year | 4,887 | 3,642 | |
| Prior | 8,502 | 2,545 | |
| Revolving | 114 | 176 | |
| Total | 34,334 | 11,682 | |
| Commercial and financial | Doubtful | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 0 | 0 | |
| Two years prior to current fiscal year | 0 | 0 | |
| Three years prior to current fiscal year | 0 | 0 | |
| Four years prior to current fiscal year | 0 | 0 | |
| Prior | 358 | 0 | |
| Revolving | 0 | 0 | |
| Total | 358 | 0 | |
| Consumer | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 20,628 | 93,012 | |
| One year prior to current fiscal year | 67,963 | 77,889 | |
| Two years prior to current fiscal year | 46,704 | 28,011 | |
| Three years prior to current fiscal year | 19,927 | 29,077 | |
| Four years prior to current fiscal year | 20,356 | 11,728 | |
| Prior | 19,451 | 16,908 | |
| Revolving | 56,538 | 29,962 | |
| Total | 251,567 | 286,587 | |
| Current fiscal year, Charge Offs | 74 | ||
| One year prior to current fiscal year, Charge Offs | 1,910 | ||
| Two years prior to current fiscal year, Charge Offs | 2,218 | ||
| Three years prior to current fiscal year, Charge Offs | 362 | ||
| Four years prior to current fiscal year, Charge Offs | 263 | ||
| Prior, Charge Offs | 666 | ||
| Revolving, Charge Offs | 261 | ||
| Total, Charge Offs | 5,754 | 1,415 | $ 727 |
| Consumer | Pass | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 20,557 | 93,012 | |
| One year prior to current fiscal year | 66,699 | 77,889 | |
| Two years prior to current fiscal year | 45,534 | 27,982 | |
| Three years prior to current fiscal year | 19,747 | 28,772 | |
| Four years prior to current fiscal year | 20,300 | 11,690 | |
| Prior | 19,080 | 16,480 | |
| Revolving | 56,473 | 29,725 | |
| Total | 248,390 | 285,550 | |
| Consumer | Special Mention | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 5 | 0 | |
| One year prior to current fiscal year | 334 | 0 | |
| Two years prior to current fiscal year | 279 | 0 | |
| Three years prior to current fiscal year | 77 | 250 | |
| Four years prior to current fiscal year | 5 | 2 | |
| Prior | 194 | 134 | |
| Revolving | 65 | 30 | |
| Total | 959 | 416 | |
| Consumer | Substandard | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 0 | 0 | |
| Two years prior to current fiscal year | 0 | 11 | |
| Three years prior to current fiscal year | 0 | 0 | |
| Four years prior to current fiscal year | 0 | 0 | |
| Prior | 0 | 191 | |
| Revolving | 0 | 0 | |
| Total | 0 | 202 | |
| Consumer | Substandard Impaired | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 66 | 0 | |
| One year prior to current fiscal year | 930 | 0 | |
| Two years prior to current fiscal year | 891 | 18 | |
| Three years prior to current fiscal year | 103 | 55 | |
| Four years prior to current fiscal year | 51 | 36 | |
| Prior | 177 | 103 | |
| Revolving | 0 | 207 | |
| Total | 2,218 | 419 | |
| Consumer | Doubtful | |||
| Financing Receivable, Credit Quality Indicator [Line Items] | |||
| Current fiscal year | 0 | 0 | |
| One year prior to current fiscal year | 0 | 0 | |
| Two years prior to current fiscal year | 0 | 0 | |
| Three years prior to current fiscal year | 0 | 0 | |
| Four years prior to current fiscal year | 0 | 0 | |
| Prior | 0 | 0 | |
| Revolving | 0 | 0 | |
| Total | $ 0 | $ 0 | |
Loans - Troubled Borrower Modifications (Details) $ in Thousands |
12 Months Ended |
|---|---|
|
Dec. 31, 2023
USD ($)
| |
| Financing Receivable, Modified [Line Items] | |
| Term Extension and/or Payment Delay | $ 17,517 |
| % of Total Class of Loans | 0.17% |
| Nonaccrual loans modified | $ 13,001 |
| Loans modified | 17,517 |
| Current | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 4,006 |
| Accruing 30-59 Days Past Due | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 211 |
| Accruing 60-89 Days Past Due | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 156 |
| Accruing Greater Than 90 Days | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 143 |
| Residential real estate | |
| Financing Receivable, Modified [Line Items] | |
| Term Extension and/or Payment Delay | $ 818 |
| % of Total Class of Loans | 0.03% |
| Nonaccrual loans modified | $ 222 |
| Loans modified | 818 |
| Residential real estate | Current | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 596 |
| Residential real estate | Accruing 30-59 Days Past Due | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 0 |
| Residential real estate | Accruing 60-89 Days Past Due | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 0 |
| Residential real estate | Accruing Greater Than 90 Days | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 0 |
| Commercial and financial | |
| Financing Receivable, Modified [Line Items] | |
| Term Extension and/or Payment Delay | $ 12,711 |
| % of Total Class of Loans | 0.79% |
| Nonaccrual loans modified | $ 12,467 |
| Loans modified | 12,711 |
| Commercial and financial | Current | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 244 |
| Commercial and financial | Accruing 30-59 Days Past Due | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 0 |
| Commercial and financial | Accruing 60-89 Days Past Due | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 0 |
| Commercial and financial | Accruing Greater Than 90 Days | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 0 |
| Consumer | |
| Financing Receivable, Modified [Line Items] | |
| Term Extension and/or Payment Delay | $ 3,988 |
| % of Total Class of Loans | 1.59% |
| Nonaccrual loans modified | $ 312 |
| Loans modified | 3,988 |
| Consumer | Current | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 3,166 |
| Consumer | Accruing 30-59 Days Past Due | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 211 |
| Consumer | Accruing 60-89 Days Past Due | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | 156 |
| Consumer | Accruing Greater Than 90 Days | |
| Financing Receivable, Modified [Line Items] | |
| Loans modified | $ 143 |
Allowance for Credit Losses - Activity in Allowance for Credit Losses (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
| Beginning Balance | $ 113,895 | $ 83,315 | $ 92,733 |
| Initial Allowance on PCD Loans Acquired During the Period | 18,879 | 5,275 | 3,046 |
| Provision for Credit Losses | 37,518 | 26,183 | (9,421) |
| Charge- Offs | (24,795) | (2,911) | (6,098) |
| Recoveries | 3,434 | 2,070 | 3,071 |
| TDR Allowance Adjustments | (37) | (16) | |
| Ending Balance | 148,931 | 113,895 | 83,315 |
| Construction and land development | |||
| Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
| Beginning Balance | 6,464 | 2,751 | 4,920 |
| Initial Allowance on PCD Loans Acquired During the Period | 5 | 518 | 0 |
| Provision for Credit Losses | 2,160 | 3,127 | (2,300) |
| Charge- Offs | 0 | 0 | 0 |
| Recoveries | 8 | 68 | 133 |
| TDR Allowance Adjustments | 0 | (2) | |
| Ending Balance | 8,637 | 6,464 | 2,751 |
| Commercial real estate - owner occupied | |||
| Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
| Beginning Balance | 6,051 | 8,579 | 9,868 |
| Initial Allowance on PCD Loans Acquired During the Period | 139 | 38 | 0 |
| Provision for Credit Losses | (663) | (2,566) | (1,289) |
| Charge- Offs | 0 | 0 | 0 |
| Recoveries | 2 | 0 | 0 |
| TDR Allowance Adjustments | 0 | 0 | |
| Ending Balance | 5,529 | 6,051 | 8,579 |
| Commercial real estate - non-owner occupied | |||
| Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
| Beginning Balance | 43,258 | 36,617 | 38,266 |
| Initial Allowance on PCD Loans Acquired During the Period | 647 | 880 | 1,327 |
| Provision for Credit Losses | 4,315 | 5,871 | (1,664) |
| Charge- Offs | (120) | (179) | (1,327) |
| Recoveries | 188 | 69 | 15 |
| TDR Allowance Adjustments | 0 | 0 | |
| Ending Balance | 48,288 | 43,258 | 36,617 |
| Residential real estate | |||
| Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
| Beginning Balance | 29,605 | 12,811 | 17,500 |
| Initial Allowance on PCD Loans Acquired During the Period | 400 | 229 | 0 |
| Provision for Credit Losses | 8,858 | 16,284 | (5,822) |
| Charge- Offs | (356) | (84) | (57) |
| Recoveries | 509 | 393 | 1,196 |
| TDR Allowance Adjustments | (28) | (6) | |
| Ending Balance | 39,016 | 29,605 | 12,811 |
| Commercial and financial | |||
| Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
| Beginning Balance | 15,648 | 19,744 | 18,690 |
| Initial Allowance on PCD Loans Acquired During the Period | 17,527 | 1,699 | 1,719 |
| Provision for Credit Losses | 17,644 | (5,367) | 2,292 |
| Charge- Offs | (18,565) | (1,233) | (3,987) |
| Recoveries | 2,089 | 807 | 1,030 |
| TDR Allowance Adjustments | (2) | 0 | |
| Ending Balance | 34,343 | 15,648 | 19,744 |
| Consumer | |||
| Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
| Beginning Balance | 12,869 | 2,813 | 3,489 |
| Initial Allowance on PCD Loans Acquired During the Period | 161 | 1,911 | 0 |
| Provision for Credit Losses | 5,204 | 8,834 | (638) |
| Charge- Offs | (5,754) | (1,415) | (727) |
| Recoveries | 638 | 733 | 697 |
| TDR Allowance Adjustments | (7) | (8) | |
| Ending Balance | $ 13,118 | $ 12,869 | $ 2,813 |
Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Financing Receivable, Allowance for Credit Loss [Line Items] | ||||
| Charge-Offs | $ 24,795 | $ 2,911 | $ 6,098 | |
| Commercial and financial | ||||
| Financing Receivable, Allowance for Credit Loss [Line Items] | ||||
| Charge-Offs | $ 18,565 | $ 1,233 | $ 3,987 | |
| Financial Asset Acquired, Fully Reserved | Commercial and financial | ||||
| Financing Receivable, Allowance for Credit Loss [Line Items] | ||||
| Charge-Offs | $ 11,300 | |||
Derivatives - Narrative (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
|
| Interest Rate Floor | ||
| Derivative [Line Items] | ||
| Reclassification from AOCI into income | $ 500 | $ 400 |
| Gain (loss) recognized in OCI | $ 300 | |
| Securities fair value hedges | ||
| Derivative [Line Items] | ||
| Fair value hedge gain (loss) | 2,600 | |
| Fair value hedge gain (loss) reclassified | 35 | |
| Residential mortgage fair value hedges | ||
| Derivative [Line Items] | ||
| Gain (loss) on derivative instruments | $ 16 | |
Derivatives - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Derivative Instruments, Gain (Loss) [Line Items] | ||
| Derivative Liability, Statement of Financial Position [Extensible Enumeration] | Other liabilities | Other liabilities |
| Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other assets | Other assets |
| Back-to-back swaps | ||
| Derivative Instruments, Gain (Loss) [Line Items] | ||
| Notional Amount | $ 605,735 | $ 312,808 |
| Fair Value | 28,804 | 23,140 |
| Risk Participation Agreements | ||
| Derivative Instruments, Gain (Loss) [Line Items] | ||
| Notional Amount | 9,400 | |
| Securities fair value hedges | Fair Value Hedging | ||
| Derivative Instruments, Gain (Loss) [Line Items] | ||
| Notional Amount | 400,000 | |
| Fair Value | 2,677 | |
| Residential mortgage fair value hedges | Fair Value Hedging | ||
| Derivative Instruments, Gain (Loss) [Line Items] | ||
| Notional Amount | 200,000 | |
| Fair Value | $ 75 | |
| Interest rate floors | ||
| Derivative Instruments, Gain (Loss) [Line Items] | ||
| Notional Amount | 300,000 | |
| Fair Value | $ 2 |
Derivatives - Fair Value Hedges (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Securities available-for-sale | ||
| Derivative [Line Items] | ||
| Carrying amount of the hedged items at December 31, | $ 584,108 | $ 0 |
| Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged items at December 31, | 2,643 | 0 |
| Amortized cost basis and unallocated basis adjustments used in hedging relationships | 680,600 | 0 |
| Loans, net | ||
| Derivative [Line Items] | ||
| Carrying amount of the hedged items at December 31, | 633,693 | 0 |
| Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged items at December 31, | 44 | 0 |
| Amortized cost basis and unallocated basis adjustments used in hedging relationships | 200,000 | 0 |
| Portfolio layer method amount designated as hedged | $ 200,000 | $ 0 |
Bank Premises and Equipment - Summary of Bank Premises and Equipment (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Property, Plant and Equipment [Line Items] | ||
| Cost | $ 181,280 | $ 178,801 |
| Accumulated Depreciation & Amortization | (67,976) | (61,909) |
| Net Carrying Value | 113,304 | 116,892 |
| Land | 35,588 | 37,516 |
| Premises | ||
| Property, Plant and Equipment [Line Items] | ||
| Cost | 138,773 | 138,447 |
| Accumulated Depreciation & Amortization | (36,500) | (33,037) |
| Net Carrying Value | 102,273 | 105,410 |
| Furniture and equipment | ||
| Property, Plant and Equipment [Line Items] | ||
| Cost | 42,507 | 40,354 |
| Accumulated Depreciation & Amortization | (31,476) | (28,872) |
| Net Carrying Value | $ 11,031 | $ 11,482 |
Goodwill and Acquired Intangible Assets - Changes In Carrying Amount Of Goodwill (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Goodwill [Roll Forward] | |||
| Beginning of year | $ 480,319 | $ 252,154 | $ 221,176 |
| Changes from business combinations | 252,098 | 228,165 | 30,978 |
| Total | $ 732,417 | $ 480,319 | $ 252,154 |
Goodwill and Acquired Intangible Assets - Gross Carrying Amount and Accumulated Amortization of Intangible Asset (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Finite-lived Intangible Assets [Roll Forward] | |||
| Beginning of year | $ 71,285 | $ 12,998 | $ 14,577 |
| Acquired CDI, including measurement period adjustments | 49,143 | 67,388 | 3,454 |
| Amortization expense | (28,726) | (9,101) | (5,033) |
| End of year | $ 91,702 | $ 71,285 | $ 12,998 |
Goodwill and Acquired Intangible Assets - Acquired Intangible Assets Consist of Core Deposit Intangibles (Details) - Core deposit intangible - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Finite-Lived Intangible Assets [Line Items] | ||
| Gross Carrying Amount | $ 135,212 | $ 97,778 |
| Accumulated Amortization | $ (43,511) | $ (26,493) |
Goodwill and Acquired Intangible Assets - Narrative (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Finite-Lived Intangible Assets [Line Items] | ||
| Estimated amortization expense, next year | $ 23.6 | |
| Estimated amortization expense in two years | 19.9 | |
| Estimated amortization expense in three years | 16.4 | |
| Estimated amortization expense in four years | 13.0 | |
| Estimated amortization expense in five years | 9.3 | |
| Mortgage service rights retained from sale of SBA | $ 1.7 | $ 1.7 |
| Customer Relationships | ||
| Finite-Lived Intangible Assets [Line Items] | ||
| Intangible assets, useful life | 10 years | |
| Customer Relationships | Drummond Banking Company | ||
| Finite-Lived Intangible Assets [Line Items] | ||
| Gross Carrying Amount | $ 2.6 | |
| Accumulated amortization | $ 0.3 | |
| Intangible assets, useful life | 10 years |
Borrowings - Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
|
| Debt Disclosure [Abstract] | ||
| Maximum amount outstanding at any month end | $ 374,573 | $ 172,029 |
| Weighted average interest rate at end of year | 3.48% | 1.89% |
| Average amount outstanding | $ 270,999 | $ 121,318 |
| Weighted average interest rate during the year | 3.07% | 0.81% |
Borrowings - Schedule of Collateral Type and Maturity (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities | ||
| Short-term Debt [Line Items] | ||
| Fair value of pledged securities - overnight and continuous: | $ 396,378 | $ 184,967 |
Borrowings - Narrative (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
|
| Debt Instrument [Line Items] | ||
| Secured lines of credit | $ 4,500,000 | |
| FHLB borrowings | $ 50,000 | $ 150,000 |
| Average interest rate on Federal Home Loan Bank borrowings | 3.64% | |
| Weighted average interest rate on balances outstanding | 3.23% | |
| Subordinated Debt | ||
| Debt Instrument [Line Items] | ||
| Debt | $ 25,000 | $ 12,300 |
| Interest rate | 3.375% | 5.50% |
| Fair value adjustment | $ (3,900) | $ 400 |
| Subordinated Debt | Secured Overnight Financing Rate (SOFR) | ||
| Debt Instrument [Line Items] | ||
| Basis spread on variable rate | 2.03% | 5.33% |
| Federal Reserve Bank Advances | ||
| Debt Instrument [Line Items] | ||
| Secured lines of credit | $ 2,800,000 | |
| Federal Home Loan Bank Advances | ||
| Debt Instrument [Line Items] | ||
| Secured lines of credit | 1,700,000 | |
| Trust I & II | ||
| Debt Instrument [Line Items] | ||
| Junior subordinated deferrable interest notes issued | 41,200 | |
| SBCF Statutory Trust III | ||
| Debt Instrument [Line Items] | ||
| Junior subordinated deferrable interest notes issued | $ 12,400 | |
| SBCF Statutory Trust III | Secured Overnight Financing Rate (SOFR) | ||
| Debt Instrument [Line Items] | ||
| Basis spread on variable rate | 5.38% | |
Borrowings - Schedule of Junior Subordinated Debentures and Related Trust Preferred and Common Equity Securities (Details) $ in Thousands |
12 Months Ended |
|---|---|
|
Dec. 31, 2023
USD ($)
| |
| Debt Instrument [Line Items] | |
| Junior subordinated debt | $ 75,261 |
| Trust preferred securities | 73,000 |
| Common equity securities | 2,261 |
| Unamortized debt discount | 5,600 |
| SBCF Capital Trust I | |
| Debt Instrument [Line Items] | |
| Junior subordinated debt | 20,619 |
| Trust preferred securities | 20,000 |
| Common equity securities | $ 619 |
| Interest rate on junior subordinated loans | 7.34% |
| SBCF Capital Trust I | Secured Overnight Financing Rate (SOFR) | |
| Debt Instrument [Line Items] | |
| Basis spread on variable rate | 5.33% |
| SBCF Statutory Trust II | |
| Debt Instrument [Line Items] | |
| Junior subordinated debt | $ 20,619 |
| Trust preferred securities | 20,000 |
| Common equity securities | $ 619 |
| Interest rate on junior subordinated loans | 6.98% |
| SBCF Statutory Trust II | Secured Overnight Financing Rate (SOFR) | |
| Debt Instrument [Line Items] | |
| Basis spread on variable rate | 5.38% |
| SBCF Statutory Trust III | |
| Debt Instrument [Line Items] | |
| Junior subordinated debt | $ 12,372 |
| Trust preferred securities | 12,000 |
| Common equity securities | $ 372 |
| Interest rate on junior subordinated loans | 7.00% |
| SBCF Statutory Trust III | Secured Overnight Financing Rate (SOFR) | |
| Debt Instrument [Line Items] | |
| Basis spread on variable rate | 5.38% |
| The BANKshares, Inc. Statutory Trust I | |
| Debt Instrument [Line Items] | |
| Junior subordinated debt | $ 5,155 |
| Trust preferred securities | 5,000 |
| Common equity securities | $ 155 |
| Interest rate on junior subordinated loans | 8.87% |
| The BANKshares, Inc. Statutory Trust I | Secured Overnight Financing Rate (SOFR) | |
| Debt Instrument [Line Items] | |
| Basis spread on variable rate | 3.25% |
| The BANKshares, Inc. Statutory Trust II | |
| Debt Instrument [Line Items] | |
| Junior subordinated debt | $ 4,124 |
| Trust preferred securities | 4,000 |
| Common equity securities | $ 124 |
| Interest rate on junior subordinated loans | 8.43% |
| The BANKshares, Inc. Statutory Trust II | Secured Overnight Financing Rate (SOFR) | |
| Debt Instrument [Line Items] | |
| Basis spread on variable rate | 2.79% |
| The BANKshares, Inc. Capital Trust I | |
| Debt Instrument [Line Items] | |
| Junior subordinated debt | $ 5,155 |
| Trust preferred securities | 5,000 |
| Common equity securities | $ 155 |
| Interest rate on junior subordinated loans | 7.03% |
| The BANKshares, Inc. Capital Trust I | Secured Overnight Financing Rate (SOFR) | |
| Debt Instrument [Line Items] | |
| Basis spread on variable rate | 5.38% |
| Grand Bank Capital Trust I | |
| Debt Instrument [Line Items] | |
| Junior subordinated debt | $ 7,217 |
| Trust preferred securities | 7,000 |
| Common equity securities | $ 217 |
| Interest rate on junior subordinated loans | 7.57% |
| Grand Bank Capital Trust I | Secured Overnight Financing Rate (SOFR) | |
| Debt Instrument [Line Items] | |
| Basis spread on variable rate | 1.98% |
Employee Benefits and Stock Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
Jan. 31, 2023 |
Oct. 07, 2022 |
Jan. 03, 2022 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Defined contribution plan charges to expenses | $ 4,800 | $ 3,500 | $ 3,100 | |||
| Fair value of options and warrants converted | 10,300 | 10,400 | 4,700 | |||
| Share-based compensation expense | 13,440 | 11,155 | $ 8,685 | |||
| Deferred compensation accrued liability | $ 400 | 200 | ||||
| Percent of fair market value that employees may purchase shares | 95.00% | |||||
| Business Bank of Florida | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Fair value of options and warrants converted | $ 497 | |||||
| Sabal Palm Bancorp, Inc. | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Fair value of options and warrants converted | $ 3,336 | |||||
| Apollo Bancshares, Inc. | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Fair value of options and warrants converted | $ 6,530 | |||||
| Warrants weighted average exercise price (in dollars per share) | $ 9.94 | |||||
| Professional Holding Corp. | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Fair value of options and warrants converted | $ 10,304 | |||||
| 2021 Plan | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Number of shares authorized for issuance (in shares) | 3,750,000 | |||||
| Employee Stock Purchase Plan | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Number of shares authorized for repurchase (in shares) | 800,000 | |||||
| Stock options | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Vesting period | 5 years | |||||
| Maximum term | 10 years | |||||
| Shares granted (in shares) | 501,561,000 | |||||
| Weighted-average exercise price, granted (in dollars per share) | $ 12.63 | |||||
| Fair value of options and warrants converted | $ 10,400 | |||||
| Stock options | Business Bank of Florida | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Shares granted (in shares) | 52,432 | |||||
| Weighted-average exercise price, granted (in dollars per share) | $ 26.63 | |||||
| Stock options | Sabal Palm Bancorp, Inc. | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Shares granted (in shares) | 188,253 | |||||
| Weighted-average exercise price, granted (in dollars per share) | $ 17.84 | |||||
| Stock options | Apollo Bancshares, Inc. | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Shares granted (in shares) | 274,373 | |||||
| Weighted-average exercise price, granted (in dollars per share) | $ 9.94 | |||||
| Stock options | Professional Holding Corp. | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Shares granted (in shares) | 501,561 | |||||
| Weighted-average exercise price, granted (in dollars per share) | $ 12.63 | |||||
| Fair value of options and warrants converted | $ 10,300 | |||||
| Stock options | 2021 Plan | Legacy Bank of Florida | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Shares granted (in shares) | 356,497 | |||||
| Weighted-average exercise price, granted (in dollars per share) | $ 16.70 | |||||
| Fair value of options and warrants converted | $ 4,700 | |||||
| Share-based compensation expense | $ 900 | |||||
| Stock options | 2021 Plan | Business Bank of Florida | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Fair value of options and warrants converted | $ 500 | |||||
| Stock options | 2021 Plan | Sabal Palm Bancorp, Inc. | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Fair value of options and warrants converted | $ 3,300 | |||||
| Warrant | Apollo Bancshares, Inc. | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Granted (in shares) | 37,240 | |||||
| Restricted Stock Awards | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Vesting period | 3 years | |||||
| Granted (in shares) | 631,409,000 | |||||
| Restricted Stock Units | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Vesting period | 3 years | |||||
| Granted (in shares) | 233,175,000 | |||||
| Restricted Stock Units | Minimum | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Target award percentage | 0.00% | 0.00% | ||||
| Restricted Stock Units | Maximum | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Target award percentage | 225.00% | 225.00% | ||||
Employee Benefits and Stock Compensation - Impact of Shared-Based Compensation (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Share-based compensation expense | $ 13,440 | $ 11,155 | $ 8,685 |
| Income tax benefit | (3,406) | (2,827) | (2,067) |
| Fair value of options and warrants converted | $ 10,300 | 10,400 | $ 4,700 |
| Stock options | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Fair value of options and warrants converted | $ 10,400 | ||
Employee Benefits and Stock Compensation - Summary of Unrecognized Compensation Cost (Details) $ in Thousands |
12 Months Ended |
|---|---|
|
Dec. 31, 2023
USD ($)
| |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Unrecognized Compensation Cost | $ 20,028 |
| Weighted-Average Period Remaining (Years) | 2 years 14 days |
| Restricted stock awards | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Unrecognized Compensation Cost | $ 14,392 |
| Weighted-Average Period Remaining (Years) | 1 year 11 months 8 days |
| Restricted stock units | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Unrecognized Compensation Cost | $ 5,636 |
| Weighted-Average Period Remaining (Years) | 2 years 3 months 18 days |
Employee Benefits and Stock Compensation - Summary of Status of Restricted Stock and Restricted Stock Units (Details) |
12 Months Ended |
|---|---|
|
Dec. 31, 2023
$ / shares
shares
| |
| Restricted Stock Awards | |
| Restricted Award Shares | |
| Non-vested beginning balance (in shares) | shares | 533,275,000 |
| Granted (in shares) | shares | 631,409,000 |
| Forfeited/Cancelled (in shares) | shares | (112,456,000) |
| Vested (in shares) | shares | (289,016,000) |
| Non-vested ending balance (in shares) | shares | 763,212,000 |
| Weighted-Average Grant-Date Fair Value | |
| Non-vested at beginning of period (in dollars per share) | $ / shares | $ 31.26 |
| Granted (in dollars per share) | $ / shares | 24.57 |
| Forfeited/Canceled (in dollars per share) | $ / shares | 27.35 |
| Vested (in dollars per share) | $ / shares | 28.22 |
| Non-vested at ending of period (in dollars per share) | $ / shares | $ 27.45 |
| Restricted Stock Units | |
| Restricted Award Shares | |
| Non-vested beginning balance (in shares) | shares | 310,034,000 |
| Granted (in shares) | shares | 233,175,000 |
| Forfeited/Cancelled (in shares) | shares | (47,416,000) |
| Vested (in shares) | shares | (112,092,000) |
| Non-vested ending balance (in shares) | shares | 383,701,000 |
| Weighted-Average Grant-Date Fair Value | |
| Non-vested at beginning of period (in dollars per share) | $ / shares | $ 28.69 |
| Granted (in dollars per share) | $ / shares | 22.84 |
| Forfeited/Canceled (in dollars per share) | $ / shares | 20.58 |
| Vested (in dollars per share) | $ / shares | 17.82 |
| Non-vested at ending of period (in dollars per share) | $ / shares | $ 29.31 |
Employee Benefits and Stock Compensation - Summary of Restricted Stock and Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Restricted Stock Awards | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Weighted-average grant date fair value (in dollars per share) | $ 24,570 | $ 33.08 | $ 35.08 |
| Fair value of awards vested | $ 8,156 | $ 6,923 | $ 4,731 |
| Restricted Stock Units | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Weighted-average grant date fair value (in dollars per share) | $ 22.84 | $ 34.11 | $ 35.24 |
| Fair value of awards vested | $ 1,997 | $ 2,305 | $ 1,936 |
Employee Benefits and Stock Compensation - Summary of the Fair Value of Each Option Grant on the Date of Grant (Details) - Stock options |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Risk-free interest rates | 4.25% | 2.21% | 0.12% |
| Expected dividend yield | 2.45% | 1.95% | 1.65% |
| Expected volatility | 64.32% | 32.09% | 36.87% |
| Expected lives (years) | 1 year 9 months 18 days | 1 year | 1 year |
Employee Benefits and Stock Compensation - Summary of Stock Options Outstanding and Exercisable (Details) - Stock options $ / shares in Units, $ in Thousands |
12 Months Ended |
|---|---|
|
Dec. 31, 2023
USD ($)
$ / shares
shares
| |
| Options | |
| Options, outstanding at beginning of period (in shares) | shares | 837,622,000 |
| Options granted (in shares) | shares | 501,561,000 |
| Options, exercised (in shares) | shares | (507,133,000) |
| Options, forfeited (in shares) | shares | (8,087,000) |
| Options, outstanding at end of period (in shares) | shares | 823,963,000 |
| Options, exercisable at end of period (in shares) | shares | 823,963,000 |
| Weighted-Average Exercise Price | |
| Weighted-average exercise price at beginning of period (in dollars per share) | $ / shares | $ 21.72 |
| Weighted-average exercise price, granted (in dollars per share) | $ / shares | 12.63 |
| Weighted-average exercise price, exercised (in dollars per share) | $ / shares | 14.76 |
| Weighted-average exercise price, forfeited (in dollars per share) | $ / shares | 20.77 |
| Weighted-average exercise price at end of period (in dollars per share) | $ / shares | 20.48 |
| Weighted-average exercise price, exercisable at end of period (in dollars per share) | $ / shares | $ 20.48 |
| Weighted-Average Remaining Contractual Term (Years) | 3 years 3 months 14 days |
| Aggregate Intrinsic Value | $ | $ 7,053 |
Employee Benefits and Stock Compensation - Summary of Stock Options (Details) - Stock options - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Weighted-average grant date fair value (in dollars per share) | $ 12.63 | $ 14.28 | $ 16.70 |
| Intrinsic value of stock options exercised, in thousands | $ 5,969 | $ 8,860 | $ 5,808 |
Employee Benefits and Stock Compensation - Employee Stock Purchase Plan (Details) - ESPP - $ / shares |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Shares granted (in shares) | 35,630 | 20,972 | 14,834 |
| Weighted-average employee purchase price (in dollars per share) | $ 22.56 | $ 30.76 | $ 32.43 |
Lease Commitments - Lease Cost Information Related to Operating Leases (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Leases [Abstract] | |||
| Operating lease cost | $ 10,667 | $ 8,111 | $ 5,872 |
| Variable lease cost | 2,827 | 1,599 | 996 |
| Short-term lease cost | 919 | 427 | 564 |
| Sublease income | (639) | (704) | (601) |
| Total lease cost | $ 13,774 | $ 9,433 | $ 6,831 |
Lease Commitments - Supplemental Balance Sheet and Cash Flow Information Related to Operating Leases (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Leases [Abstract] | |||
| Operating lease right-of-use assets | $ 46,772 | $ 47,500 | |
| Other assets | Other assets | Other assets | |
| Operating lease liabilities | $ 50,545 | $ 50,770 | |
| Other liabilities | Other liabilities | Other liabilities | Other liabilities |
| Cash paid during the year for amounts included in the measurement of operating lease liabilities | $ 10,005 | $ 16,508 | |
| Right-of-use assets recorded during the year in exchange for new or renewed operating lease obligations | 4,139 | 5,305 | |
| Right-of-use assets obtained during the year through bank acquisition | $ 3,909 | $ 14,597 | |
| Weighted average remaining lease term for operating leases | 7 years | 8 years | |
| Weighted average discount rate for operating leases | 4.94% | 4.64% | |
Lease Commitments - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | ||
| 2024 | $ 10,465 | |
| 2025 | 9,833 | |
| 2026 | 8,499 | |
| 2027 | 7,437 | |
| 2028 | 6,388 | |
| Thereafter | 16,181 | |
| Total undiscounted cash flows | 58,803 | |
| Less: Net present value adjustment | (8,258) | |
| Total | $ 50,545 | $ 50,770 |
Income Taxes - Summary of Income Tax Expense Benefit (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Current | |||
| Federal | $ 14,716 | $ 2,770 | $ 23,661 |
| State | 6,061 | (1,266) | 3,882 |
| Deferred | |||
| Federal | 9,524 | 23,710 | 6,800 |
| State | (82) | 6,415 | (8) |
| Total income tax provision | $ 30,219 | $ 31,629 | $ 34,335 |
Income Taxes - Reconciliation of Expected Tax Benefit with Pretax Income (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Income Tax Disclosure [Abstract] | |||
| Tax rate applied to income before income taxes | $ 28,193 | $ 29,009 | $ 33,335 |
| Increase (decrease) resulting from the effects of: | |||
| Nondeductible acquisition costs | 300 | 924 | 419 |
| Tax exempt interest on loans and securities | (639) | (406) | (414) |
| Income from bank owned life insurance | (2,217) | (935) | (862) |
| State income taxes | (1,256) | (1,081) | (813) |
| Tax credit investments | (402) | (406) | (213) |
| Stock compensation | (446) | (992) | (1,239) |
| Executive compensation disallowance | 638 | 402 | 253 |
| Other | 69 | (36) | (5) |
| Federal tax provision | 24,240 | 26,479 | 30,461 |
| State tax provision | 5,979 | 5,150 | 3,874 |
| Total income tax provision | $ 30,219 | $ 31,629 | $ 34,335 |
Income Taxes - Summary of Net Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Deferred Tax Assets, Gross [Abstract] | ||
| Allowance for credit losses | $ 40,710 | $ 31,097 |
| Other real estate owned | 91 | 591 |
| Accrued stock compensation | 4,556 | 2,931 |
| Federal tax loss carryforward | 2,660 | 3,150 |
| State tax loss carryforward | 1,084 | 1,117 |
| Lease liabilities | 12,811 | 12,868 |
| Net unrealized securities losses | 50,817 | 59,392 |
| Deferred compensation | 2,828 | 2,766 |
| Accrued interest and fee income | 34,665 | 16,035 |
| Other | 7,027 | 1,755 |
| Gross deferred tax assets | 157,249 | 131,702 |
| Less: Valuation allowance | 0 | 0 |
| Deferred tax assets net of valuation allowance | 157,249 | 131,702 |
| Deferred Tax Liabilities, Gross [Abstract] | ||
| Core deposit intangible | (24,301) | (18,767) |
| Net unrealized derivatives gains | (670) | 0 |
| Premises and equipment | (1,771) | (2,214) |
| Right of use assets | (11,854) | (12,039) |
| Other | (5,421) | (4,225) |
| Gross deferred tax liabilities | (44,017) | (37,245) |
| Net deferred tax assets | $ 113,232 | $ 94,457 |
Income Taxes - Narrative (Details) - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Operating Loss Carryforwards [Line Items] | |||
| Unrealized losses resulting in deferred tax asset | $ 212,700,000 | $ 247,400,000 | |
| Deferred tax assets from unrealized losses on certain investments in debt securities | 50,817,000 | 59,392,000 | |
| Net deferred tax assets | 113,232,000 | 94,457,000 | |
| Deferred tax assets | 113,232,000 | 94,457,000 | |
| Accrual for income tax interest or penalties | 0 | ||
| Income tax benefit related to share-based compensation | 500,000 | 1,100,000 | $ 900,000 |
| Amortization reflected as income expense related to affordable housing project investments | 2,800,000 | 2,500,000 | 1,600,000 |
| Affordable housing project tax credits | 2,700,000 | 2,000,000 | 1,200,000 |
| Affordable housing project tax benefits | 1,500,000 | 1,000,000 | $ 700,000 |
| Carrying value of affordable housing tax credits | 39,500,000 | 27,300,000 | |
| Affordable housing tax credits, unfunded amounts | 26,300,000 | 17,600,000 | |
| Unrecognized income tax benefits | 0 | ||
| U.S. Federal | |||
| Operating Loss Carryforwards [Line Items] | |||
| Net deferred tax assets | 91,000,000 | ||
| Deferred tax assets | 2,700,000 | 76,800,000 | |
| State | |||
| Operating Loss Carryforwards [Line Items] | |||
| Net deferred tax assets | 22,200,000 | ||
| Deferred tax assets | $ 1,100,000 | $ 17,700,000 | |
Regulatory Capital - Summary of Required Regulatory Capital (Details) $ in Thousands |
Dec. 31, 2023
USD ($)
|
Dec. 31, 2022
USD ($)
|
|---|---|---|
| Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
| Capital conservation buffer rate | 2.50% | |
| Parent Company | ||
| Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
| Total Risk-Based Capital Ratio (to risk-weighted assets), Amount | $ 1,713,797 | $ 1,454,168 |
| Tier 1 Capital (to risk-weighted assets), Amount | 1,565,710 | 1,361,832 |
| Common Equity Tier 1 Capital (to risk-weighted assets), Amount | 1,493,499 | 1,277,295 |
| Leverage (to adjusted average assets), Amount | $ 1,565,710 | $ 1,361,832 |
| Total Risk-Based Capital Ratio (to risk-weighted assets), Ratio | 0.1592 | 0.1579 |
| Tier 1 Capital (to risk-weighted assets), Ratio | 0.1454 | 0.1479 |
| Common Equity Tier 1 Capital (to risk-weighted assets), Ratio | 13.87% | 13.87% |
| Leverage (to adjusted average assets), Ratio | 0.1100 | 0.1146 |
| Total Risk-Based Capital Ratio (to risk-weighted assets), Minimum for Capital Adequacy Purpose, Amount | $ 861,355 | $ 736,709 |
| Tier 1 Capital (to risk-weighted assets), Minimum for Capital Adequacy Purpose, Amount | 646,017 | 552,532 |
| Common Equity Tier 1 Capital (to risk-weighted assets), Minimum for Capital, Adequacy Purpose, Amount | 484,512 | 414,399 |
| Leverage (to adjusted average assets), Minimum for Capital Adequacy Purpose, Amount | $ 569,317 | $ 475,134 |
| Total Risk-Based Capital Ratio (to risk-weighted assets), Minimum for Capital Adequacy Purpose, Ratio | 0.0800 | 0.0800 |
| Tier 1 Capital (to risk-weighted assets), Minimum for Capital Adequacy Purpose, Ratio | 0.0600 | 0.0600 |
| Common Equity Tier 1 Capital (to risk-weighted assets), Minimum for Capital, Adequacy Purpose, Ratio | 4.50% | 4.50% |
| Leverage (to adjusted average assets), Minimum for Capital Adequacy Purpose, Ratio | 0.0400 | 0.0400 |
| Seacoast National Bank (A Wholly Owned Bank Subsidiary) | ||
| Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
| Total Risk-Based Capital Ratio (to risk-weighted assets), Amount | $ 1,593,431 | $ 1,330,836 |
| Tier 1 Capital (to risk-weighted assets), Amount | 1,466,878 | 1,238,500 |
| Common Equity Tier 1 Capital (to risk-weighted assets), Amount | 1,466,874 | 1,238,496 |
| Leverage (to adjusted average assets), Amount | $ 1,466,878 | $ 1,238,500 |
| Total Risk-Based Capital Ratio (to risk-weighted assets), Ratio | 0.1482 | 0.1447 |
| Tier 1 Capital (to risk-weighted assets), Ratio | 0.1364 | 0.1346 |
| Common Equity Tier 1 Capital (to risk-weighted assets), Ratio | 13.64% | 13.46% |
| Leverage (to adjusted average assets), Ratio | 0.1032 | 0.1044 |
| Total Risk-Based Capital Ratio (to risk-weighted assets), Minimum for Capital Adequacy Purpose, Amount | $ 860,395 | $ 735,923 |
| Tier 1 Capital (to risk-weighted assets), Minimum for Capital Adequacy Purpose, Amount | 645,296 | 551,942 |
| Common Equity Tier 1 Capital (to risk-weighted assets), Minimum for Capital, Adequacy Purpose, Amount | 483,972 | 413,957 |
| Leverage (to adjusted average assets), Minimum for Capital Adequacy Purpose, Amount | $ 568,831 | $ 496,318 |
| Total Risk-Based Capital Ratio (to risk-weighted assets), Minimum for Capital Adequacy Purpose, Ratio | 0.0800 | 0.0800 |
| Tier 1 Capital (to risk-weighted assets), Minimum for Capital Adequacy Purpose, Ratio | 0.0600 | 0.0600 |
| Common Equity Tier 1 Capital (to risk-weighted assets), Minimum for Capital, Adequacy Purpose, Ratio | 4.50% | 4.50% |
| Leverage (to adjusted average assets), Minimum for Capital Adequacy Purpose, Ratio | 0.0400 | 0.0400 |
| Total Risk-Based Capital Ratio (to risk-weighted assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | $ 1,075,494 | $ 919,904 |
| Tier 1 Capital (to risk-weighted assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | 860,395 | 735,923 |
| Common Equity Tier 1 Capital (to risk-weighted assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | 699,071 | 597,938 |
| Leverage (to adjusted average assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | $ 711,039 | $ 620,398 |
| Total Risk-Based Capital Ratio (to risk-weighted assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 0.1000 | 0.1000 |
| Tier 1 Capital (to risk-weighted assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 0.0800 | 0.0800 |
| Common Equity Tier 1 Capital (to risk-weighted assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 6.50% | 6.50% |
| Leverage (to adjusted average assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 0.0500 | 0.0500 |
Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information - Summary of Balance Sheet (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|---|---|---|---|---|
| Assets | ||||
| Other assets | $ 331,345 | $ 280,212 | ||
| Total Assets | 14,580,249 | 12,145,762 | ||
| Liabilities and Shareholders' Equity | ||||
| Long-term debt | 106,302 | 84,533 | ||
| Other liabilities | 164,353 | 149,830 | ||
| Shareholders' equity | 2,108,086 | 1,607,775 | $ 1,310,736 | $ 1,130,402 |
| Total Liabilities & Shareholders' Equity | 14,580,249 | 12,145,762 | ||
| Parent Company | ||||
| Assets | ||||
| Cash | 466 | 58 | ||
| Securities purchased under agreement to resell with subsidiary bank, maturing within 30 days | 101,191 | 111,698 | ||
| Investment in subsidiaries | 2,109,341 | 1,578,786 | ||
| Other assets | 4,837 | 2,335 | ||
| Total Assets | 2,215,835 | 1,692,877 | ||
| Liabilities and Shareholders' Equity | ||||
| Long-term debt | 106,302 | 84,533 | ||
| Other liabilities | 1,551 | 673 | ||
| Shareholders' equity | 2,107,982 | 1,607,671 | ||
| Total Liabilities & Shareholders' Equity | $ 2,215,835 | $ 1,692,877 |
Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information - Summary of Statements of Income (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Income | |||
| Total Interest Income | $ 688,975 | $ 380,494 | $ 284,244 |
| Interest expense | 200,735 | 14,332 | 8,219 |
| Other expenses | 29,155 | 23,690 | 16,341 |
| Income Before Income Taxes | 134,252 | 138,136 | 158,738 |
| Income tax benefit | 30,219 | 31,629 | 34,335 |
| Net Income | 104,033 | 106,507 | 124,403 |
| Parent Company | |||
| Income | |||
| Interest/other | 3,573 | 897 | 167 |
| Dividends from subsidiary Bank | 40,655 | 48,424 | 47,684 |
| Total Interest Income | 44,228 | 49,321 | 47,851 |
| Interest expense | 7,408 | 3,090 | 1,683 |
| Other expenses | 996 | 1,023 | 765 |
| Total expenses | 8,404 | 4,113 | 2,448 |
| Income Before Income Taxes | 35,824 | 45,208 | 45,403 |
| Income tax benefit | (1,015) | (675) | (481) |
| Income before equity in undistributed income of subsidiaries | 36,839 | 45,883 | 45,884 |
| Equity in undistributed income of subsidiaries | 67,194 | 60,624 | 78,519 |
| Net Income | $ 104,033 | $ 106,507 | $ 124,403 |
Seacoast Banking Corporation of Florida (Parent Company Only) Financial Information - Summary of Statement of Cash Flows (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Net Income | $ 104,033 | $ 106,507 | $ 124,403 |
| Net increase in other assets | (8,967) | 508 | (42,437) |
| Net increase in other liabilities | (8,755) | 22,042 | 28,883 |
| Net Cash Provided by Operating Activities | 150,613 | 195,859 | 154,572 |
| Cash Flows From Investing Activities | |||
| Net Cash Provided by (Used in) Investing Activities | 527,446 | (364,875) | (412,511) |
| Cash Flows From Financing Activities | |||
| Dividends paid | (60,591) | (41,242) | (22,506) |
| Stock based employee benefit plans | 5,100 | 3,408 | 5,022 |
| Repurchase of common stock | (10,868) | 0 | 0 |
| Net Cash (Used in) Provided by Financing Activities | (432,817) | (366,773) | 591,580 |
| Net increase (decrease) in cash and cash equivalents | 245,242 | (535,789) | 333,641 |
| Cash and Cash Equivalents at Beginning of Year | 201,940 | 737,729 | 404,088 |
| Cash and Cash Equivalents at End of Year | 447,182 | 201,940 | 737,729 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the period for interest | 191,225 | 13,743 | 9,977 |
| Parent Company | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Net Income | 104,033 | 106,507 | 124,403 |
| Equity in undistributed income of subsidiaries | (67,194) | (60,624) | (78,519) |
| Net increase in other assets | (3,029) | (13,823) | (489) |
| Net increase in other liabilities | 22,646 | 499 | 400 |
| Net Cash Provided by Operating Activities | 56,456 | 32,559 | 45,795 |
| Cash Flows From Investing Activities | |||
| Net cash from bank acquisitions | 10,237 | 17,610 | 0 |
| Net advances with subsidiary | 270 | (13,300) | (28,324) |
| Net Cash Provided by (Used in) Investing Activities | 10,507 | 4,310 | (28,324) |
| Cash Flows From Financing Activities | |||
| Dividends paid | (60,591) | (41,242) | (22,506) |
| Stock based employee benefit plans | 4,904 | 4,374 | 5,022 |
| Repurchase of common stock | (10,868) | 0 | 0 |
| Net Cash (Used in) Provided by Financing Activities | (66,555) | (36,868) | (17,484) |
| Net increase (decrease) in cash and cash equivalents | 408 | 1 | (13) |
| Cash and Cash Equivalents at Beginning of Year | 58 | 57 | 70 |
| Cash and Cash Equivalents at End of Year | 466 | 58 | 57 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the period for interest | $ 5,315 | $ 2,890 | $ 1,441 |
Contingent Liabilities and Commitments with Off-Balance Sheet Risk - Summary of Financial Instruments with Off-Balance-Sheet Risk (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Other Commitments [Line Items] | ||
| Commitments to extend credit | $ 2,651,206 | $ 2,814,924 |
| Unfunded limited partner equity commitment | 20,004 | 26,761 |
| Secured | ||
| Other Commitments [Line Items] | ||
| Collateral held | 35,800 | |
| Secured | ||
| Other Commitments [Line Items] | ||
| Standby letters of credit and financial guarantees written | 35,669 | 19,744 |
| Unsecured | ||
| Other Commitments [Line Items] | ||
| Standby letters of credit and financial guarantees written | $ 2,830 | $ 3,191 |
Fair Value - Fair Value Measurements for Items Measured at Fair Value (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Financial Assets | ||
| Available-for-sale debt securities | $ 1,836,020 | $ 1,871,742 |
| Other real estate owned | 7,560 | 2,301 |
| Fair Value, Measurements, Recurring | ||
| Financial Assets | ||
| Available-for-sale debt securities | 1,836,020 | 1,871,742 |
| Derivative financial instruments | 31,481 | 23,142 |
| Loans held for sale | 4,391 | 3,151 |
| Equity securities | 13,623 | 8,220 |
| Financial Liabilities | ||
| Derivative financial instruments | 28,879 | 23,142 |
| Fair Value, Measurements, Recurring | Level 1 | ||
| Financial Assets | ||
| Available-for-sale debt securities | 192 | 186 |
| Derivative financial instruments | 0 | 0 |
| Loans held for sale | 0 | 0 |
| Equity securities | 13,623 | 8,220 |
| Financial Liabilities | ||
| Derivative financial instruments | 0 | 0 |
| Fair Value, Measurements, Recurring | Level 2 | ||
| Financial Assets | ||
| Available-for-sale debt securities | 1,835,828 | 1,871,556 |
| Derivative financial instruments | 31,481 | 23,142 |
| Loans held for sale | 4,391 | 3,151 |
| Equity securities | 0 | 0 |
| Financial Liabilities | ||
| Derivative financial instruments | 28,879 | 23,142 |
| Fair Value, Measurements, Recurring | Level 3 | ||
| Financial Assets | ||
| Available-for-sale debt securities | 0 | 0 |
| Derivative financial instruments | 0 | 0 |
| Loans held for sale | 0 | 0 |
| Equity securities | 0 | 0 |
| Financial Liabilities | ||
| Derivative financial instruments | 0 | 0 |
| Fair Value, Measurements, Nonrecurring | ||
| Financial Assets | ||
| Loans | 15,242 | 8,513 |
| Other real estate owned | 7,560 | 2,301 |
| Fair Value, Measurements, Nonrecurring | Level 1 | ||
| Financial Assets | ||
| Loans | 0 | 0 |
| Other real estate owned | 0 | 0 |
| Fair Value, Measurements, Nonrecurring | Level 2 | ||
| Financial Assets | ||
| Loans | 0 | 1,183 |
| Other real estate owned | 0 | 2,301 |
| Fair Value, Measurements, Nonrecurring | Level 3 | ||
| Financial Assets | ||
| Loans | 15,242 | 7,330 |
| Other real estate owned | $ 7,560 | $ 0 |
Fair Value - Narrative (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|---|---|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
| Average capitalization rate | 7.10% | |||
| Specific reserve | $ 148,931 | $ 113,895 | $ 83,315 | $ 92,733 |
| Other Real Estate Owned | ||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
| Fair value of impaired loans | 17,800 | 10,200 | ||
| Specific reserve | $ 2,600 | $ 2,900 |
Fair Value - Summary of Carrying Value and Fair Value of Company's Financial Instruments (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Financial Assets | ||
| Held-to-maturity debt securities | $ 680,313 | $ 747,408 |
| Time deposits with other banks | 5,857 | 3,236 |
| Loans, net | 9,914,009 | 8,030,829 |
| Level 1 | ||
| Financial Assets | ||
| Time deposits with other banks | 0 | 0 |
| Loans, net | 0 | 0 |
| Financial Liabilities | ||
| Deposits | 0 | 0 |
| FHLB borrowings | 0 | 0 |
| Long-term debt | 0 | 0 |
| Level 1 | Fair Value, Measurements, Recurring | ||
| Financial Assets | ||
| Held-to-maturity debt securities | 0 | 0 |
| Level 2 | ||
| Financial Assets | ||
| Time deposits with other banks | 5,756 | 2,989 |
| Loans, net | 0 | 0 |
| Financial Liabilities | ||
| Deposits | 0 | 0 |
| FHLB borrowings | 49,745 | 0 |
| Long-term debt | 100,851 | 82,226 |
| Level 2 | Fair Value, Measurements, Recurring | ||
| Financial Assets | ||
| Held-to-maturity debt securities | 558,359 | 617,741 |
| Level 3 | ||
| Financial Assets | ||
| Time deposits with other banks | 0 | 0 |
| Loans, net | 9,805,693 | 7,845,375 |
| Financial Liabilities | ||
| Deposits | 11,775,613 | 9,976,125 |
| FHLB borrowings | 0 | 149,450 |
| Long-term debt | 0 | 0 |
| Level 3 | Fair Value, Measurements, Recurring | ||
| Financial Assets | ||
| Held-to-maturity debt securities | 0 | 0 |
| Carrying Amount | ||
| Financial Assets | ||
| Time deposits with other banks | 5,857 | 3,236 |
| Loans, net | 9,898,767 | 8,022,316 |
| Financial Liabilities | ||
| Deposits | 11,776,935 | 9,981,595 |
| FHLB borrowings | 50,000 | 150,000 |
| Long-term debt | 109,458 | 84,533 |
| Carrying Amount | Fair Value, Measurements, Recurring | ||
| Financial Assets | ||
| Held-to-maturity debt securities | $ 680,313 | $ 747,408 |
Business Combinations - Narrative (Details) $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Jan. 31, 2023
USD ($)
branch
|
Oct. 07, 2022
USD ($)
branch
|
Jan. 03, 2022
USD ($)
branch
|
Dec. 31, 2023
USD ($)
|
Dec. 31, 2022
USD ($)
|
Dec. 31, 2021
USD ($)
|
Dec. 31, 2020
USD ($)
|
|
| Business Acquisition [Line Items] | |||||||
| Goodwill | $ 732,417 | $ 480,319 | $ 252,154 | $ 221,176 | |||
| Fair value of options and warrants converted | 10,300 | 10,400 | 4,700 | ||||
| Allowance for credit losses | 148,931 | 113,895 | 83,315 | $ 92,733 | |||
| Acquisition costs | $ 33,200 | 27,900 | $ 7,900 | ||||
| Stock options | |||||||
| Business Acquisition [Line Items] | |||||||
| Fair value of options and warrants converted | $ 10,400 | ||||||
| Professional Holding Corp. | |||||||
| Business Acquisition [Line Items] | |||||||
| Number of branches acquired | branch | 9 | ||||||
| Percentage of common stock acquired | 100.00% | ||||||
| Exchange ratio (in shares) | 0.8909 | ||||||
| Goodwill | $ 251,674 | ||||||
| Fair value of options and warrants converted | 10,304 | ||||||
| Allowance for credit losses | 45,500 | ||||||
| Measurement Period Adjustments, Loans | (5,544) | ||||||
| Professional Holding Corp. | Stock options | |||||||
| Business Acquisition [Line Items] | |||||||
| Fair value of options and warrants converted | 10,300 | ||||||
| Professional Holding Corp. | PCD Loans | |||||||
| Business Acquisition [Line Items] | |||||||
| Allowance for credit losses at acquisition | 18,879 | ||||||
| Professional Holding Corp. | Acquired Non-PCD Loans | |||||||
| Business Acquisition [Line Items] | |||||||
| Allowance for credit losses | $ 26,600 | ||||||
| Apollo Bancshares, Inc. | |||||||
| Business Acquisition [Line Items] | |||||||
| Number of branches acquired | branch | 5 | ||||||
| Exchange ratio (in shares) | 1.006529 | ||||||
| Goodwill | $ 90,488 | ||||||
| Fair value of options and warrants converted | 6,530 | ||||||
| Allowance for credit losses | 7,800 | ||||||
| Measurement Period Adjustments, Loans | $ 0 | ||||||
| Minority interest portion, number of Seacoast stock for each share of stock converted (in shares) | 1.195651 | ||||||
| Apollo Bancshares, Inc. | PCD Loans | |||||||
| Business Acquisition [Line Items] | |||||||
| Allowance for credit losses at acquisition | $ 2,658 | ||||||
| Apollo Bancshares, Inc. | Acquired Non-PCD Loans | |||||||
| Business Acquisition [Line Items] | |||||||
| Allowance for credit losses | $ 5,100 | ||||||
| Drummond Banking Company | |||||||
| Business Acquisition [Line Items] | |||||||
| Number of branches acquired | branch | 18 | ||||||
| Percentage of common stock acquired | 100.00% | ||||||
| Exchange ratio (in shares) | 51.9561 | ||||||
| Goodwill | $ 103,649 | ||||||
| Allowance for credit losses | 12,500 | ||||||
| Measurement Period Adjustments, Loans | 0 | ||||||
| Goodwill, nondeductible for tax purposes | 103,600 | ||||||
| Drummond Banking Company | PCD Loans | |||||||
| Business Acquisition [Line Items] | |||||||
| Allowance for credit losses at acquisition | 2,566 | ||||||
| Drummond Banking Company | Acquired Non-PCD Loans | |||||||
| Business Acquisition [Line Items] | |||||||
| Allowance for credit losses | $ 9,900 | ||||||
| Business Bank of Florida | |||||||
| Business Acquisition [Line Items] | |||||||
| Number of branches acquired | branch | 1 | ||||||
| Percentage of common stock acquired | 100.00% | ||||||
| Exchange ratio (in shares) | 0.7997 | ||||||
| Goodwill | $ 7,962 | ||||||
| Fair value of options and warrants converted | 497 | ||||||
| Allowance for credit losses | 1,800 | ||||||
| Goodwill, nondeductible for tax purposes | 8,000 | ||||||
| Business Bank of Florida | Stock options | Seacoast 2021 Incentive Plan | |||||||
| Business Acquisition [Line Items] | |||||||
| Fair value of options and warrants converted | 500 | ||||||
| Business Bank of Florida | PCD Loans | |||||||
| Business Acquisition [Line Items] | |||||||
| Allowance for credit losses | 15 | ||||||
| Allowance for credit losses at acquisition | 15 | ||||||
| Business Bank of Florida | Acquired Non-PCD Loans | |||||||
| Business Acquisition [Line Items] | |||||||
| Allowance for credit losses | $ 1,800 | ||||||
| Sabal Palm Bancorp, Inc. | |||||||
| Business Acquisition [Line Items] | |||||||
| Number of branches acquired | branch | 3 | ||||||
| Percentage of common stock acquired | 100.00% | ||||||
| Exchange ratio (in shares) | 0.2203 | ||||||
| Goodwill | $ 26,489 | ||||||
| Fair value of options and warrants converted | 3,336 | ||||||
| Allowance for credit losses | 3,400 | ||||||
| Goodwill, nondeductible for tax purposes | 26,500 | ||||||
| Sabal Palm Bancorp, Inc. | Stock options | Seacoast 2021 Incentive Plan | |||||||
| Business Acquisition [Line Items] | |||||||
| Fair value of options and warrants converted | 3,300 | ||||||
| Sabal Palm Bancorp, Inc. | PCD Loans | |||||||
| Business Acquisition [Line Items] | |||||||
| Allowance for credit losses | 37 | ||||||
| Allowance for credit losses at acquisition | 37 | ||||||
| Sabal Palm Bancorp, Inc. | Acquired Non-PCD Loans | |||||||
| Business Acquisition [Line Items] | |||||||
| Allowance for credit losses | $ 3,400 | ||||||
Business Combinations - Purchase Price (Details) $ / shares in Units, $ in Thousands |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Jan. 31, 2023
USD ($)
$ / shares
shares
|
Oct. 07, 2022
USD ($)
$ / shares
shares
|
Jan. 03, 2022
USD ($)
$ / shares
shares
|
Dec. 31, 2023
USD ($)
|
Dec. 31, 2022
USD ($)
|
Dec. 31, 2021
USD ($)
|
|
| Business Acquisition [Line Items] | ||||||
| Fair value of options and warrants converted | $ 10,300 | $ 10,400 | $ 4,700 | |||
| Professional Holding Corp. | ||||||
| Business Acquisition [Line Items] | ||||||
| Number of shares outstanding (in shares) | shares | 14,358,000 | |||||
| Exchange ratio (in shares) | 0.8909 | |||||
| Number of shares of SBCF common stock issues (in shares) | shares | 12,792,000 | |||||
| Multiplied by common stock price per share (in dollars per share) | $ / shares | $ 32.11 | |||||
| Value of common stock issued | $ 410,738 | |||||
| Cash paid for fractional shares | 5 | |||||
| Fair value of options and warrants converted | 10,304 | |||||
| Total purchase price | $ 421,047 | |||||
| Apollo Bancshares, Inc. | ||||||
| Business Acquisition [Line Items] | ||||||
| Number of shares outstanding (in shares) | shares | 3,766,000 | |||||
| Exchange ratio (in shares) | 1.006529 | |||||
| Number of shares of SBCF common stock issues (in shares) | shares | 3,791,000 | |||||
| Number of minority interest shares outstanding (in shares) | shares | 609,000 | |||||
| Per share exchange ratio (in shares) | 1.195651 | |||||
| Number of shares of SBCF common stock issued, minority interest converted (in shares) | shares | 728,000 | |||||
| Number of shares of common stock issued (in shares) | shares | 4,519,000 | |||||
| Multiplied by common stock price per share (in dollars per share) | $ / shares | $ 30.83 | |||||
| Value of common stock issued | $ 139,307 | |||||
| Cash paid for fractional shares | 5 | |||||
| Fair value of options and warrants converted | 6,530 | |||||
| Total purchase price | $ 145,842 | |||||
| Drummond Banking Company | ||||||
| Business Acquisition [Line Items] | ||||||
| Number of shares outstanding (in shares) | shares | 99,000 | |||||
| Exchange ratio (in shares) | 51.9561 | |||||
| Number of shares of common stock issued (in shares) | shares | 5,136,000 | |||||
| Multiplied by common stock price per share (in dollars per share) | $ / shares | $ 30.83 | |||||
| Total purchase price | $ 158,332 | |||||
| Business Bank of Florida | ||||||
| Business Acquisition [Line Items] | ||||||
| Number of shares outstanding (in shares) | shares | 1,112,000 | |||||
| Exchange ratio (in shares) | 0.7997 | |||||
| Number of shares of common stock issued (in shares) | shares | 889,000 | |||||
| Multiplied by common stock price per share (in dollars per share) | $ / shares | $ 35.39 | |||||
| Value of common stock issued | $ 31,480 | |||||
| Fair value of options and warrants converted | 497 | |||||
| Total purchase price | $ 31,977 | |||||
| Sabal Palm Bancorp, Inc. | ||||||
| Business Acquisition [Line Items] | ||||||
| Number of shares outstanding (in shares) | shares | 7,536,000 | |||||
| Exchange ratio (in shares) | 0.2203 | |||||
| Number of shares of common stock issued (in shares) | shares | 1,660,000 | |||||
| Multiplied by common stock price per share (in dollars per share) | $ / shares | $ 35.39 | |||||
| Value of common stock issued | $ 58,762 | |||||
| Fair value of options and warrants converted | 3,336 | |||||
| Total purchase price | $ 62,098 | |||||
Business Combinations - Fair Value of the Assets Purchased, Including Goodwill, and Liabilities (Details) - USD ($) $ in Thousands |
Jan. 31, 2023 |
Oct. 07, 2022 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Jan. 03, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|---|---|---|---|---|---|---|---|
| Assets: | |||||||
| Goodwill | $ 732,417 | $ 480,319 | $ 252,154 | $ 221,176 | |||
| Professional Holding Corp. | |||||||
| Assets: | |||||||
| Cash and cash equivalents | $ 141,680 | ||||||
| Measurement Period Adjustments, Cash and cash equivalents | 0 | ||||||
| Investment securities | 167,059 | ||||||
| Measurement Period Adjustments, Investment securities | 0 | ||||||
| Loans | 1,986,169 | ||||||
| Measurement Period Adjustments, Loans | (5,544) | ||||||
| Bank premises and equipment | 2,478 | ||||||
| Measurement Period Adjustments, Bank premises and equipment | 0 | ||||||
| Core deposit intangibles | 48,885 | ||||||
| Measurement Period Adjustments, Core deposit intangibles | 0 | ||||||
| Goodwill | 251,674 | ||||||
| Measurement Period Adjustments, Goodwill | 3,583 | ||||||
| BOLI | 55,071 | ||||||
| Measurement Period Adjustments, BOLI | 0 | ||||||
| Other Assets | 76,793 | ||||||
| Measurement Period Adjustments, Other Assets | 2,561 | ||||||
| Total Assets | 2,729,809 | ||||||
| Measurement Period Adjustments, Total Assets | 600 | ||||||
| Liabilities: | |||||||
| Deposits | 2,119,341 | ||||||
| Measurement Period Adjustments, Deposits | 0 | ||||||
| Subordinated debt | 21,141 | ||||||
| Measurement Period Adjustments, Subordinated debt | 0 | ||||||
| Other Liabilities | 168,280 | ||||||
| Measurement Period Adjustments, Other Liabilities | 600 | ||||||
| Total Liabilities | 2,308,762 | ||||||
| Measurement Period Adjustments, Total Liabilities | 600 | ||||||
| Professional Holding Corp. | Initially Measured | |||||||
| Assets: | |||||||
| Cash and cash equivalents | 141,680 | ||||||
| Investment securities | 167,059 | ||||||
| Loans | 1,991,713 | ||||||
| Bank premises and equipment | 2,478 | ||||||
| Core deposit intangibles | 48,885 | ||||||
| Goodwill | 248,091 | ||||||
| BOLI | 55,071 | ||||||
| Other Assets | 74,232 | ||||||
| Total Assets | 2,729,209 | ||||||
| Liabilities: | |||||||
| Deposits | 2,119,341 | ||||||
| Subordinated debt | 21,141 | ||||||
| Other Liabilities | 167,680 | ||||||
| Total Liabilities | $ 2,308,162 | ||||||
| Apollo Bancshares, Inc. | |||||||
| Assets: | |||||||
| Cash and cash equivalents | $ 41,001 | ||||||
| Measurement Period Adjustments, Cash and cash equivalents | 0 | ||||||
| Investment securities | 203,596 | ||||||
| Measurement Period Adjustments, Investment securities | 0 | ||||||
| Loans | 666,522 | ||||||
| Measurement Period Adjustments, Loans | 0 | ||||||
| Bank premises and equipment | 7,809 | ||||||
| Measurement Period Adjustments, Bank premises and equipment | 0 | ||||||
| Core deposit intangibles | 28,699 | ||||||
| Measurement Period Adjustments, Core deposit intangibles | 0 | ||||||
| Goodwill | 90,488 | ||||||
| Measurement Period Adjustments, Goodwill | 251 | ||||||
| Other Assets | 52,473 | ||||||
| Measurement Period Adjustments, Other Assets | (251) | ||||||
| Total Assets | 1,090,588 | ||||||
| Measurement Period Adjustments, Total Assets | 0 | ||||||
| Liabilities: | |||||||
| Deposits | 854,774 | ||||||
| Measurement Period Adjustments, Deposits | 0 | ||||||
| Other Liabilities | 89,972 | ||||||
| Measurement Period Adjustments, Other Liabilities | 0 | ||||||
| Total Liabilities | 944,746 | ||||||
| Measurement Period Adjustments, Total Liabilities | 0 | ||||||
| Apollo Bancshares, Inc. | Initially Measured | |||||||
| Assets: | |||||||
| Cash and cash equivalents | 41,001 | ||||||
| Investment securities | 203,596 | ||||||
| Loans | 666,522 | ||||||
| Bank premises and equipment | 7,809 | ||||||
| Core deposit intangibles | 28,699 | ||||||
| Goodwill | 90,237 | ||||||
| Other Assets | 52,724 | ||||||
| Total Assets | 1,090,588 | ||||||
| Liabilities: | |||||||
| Deposits | 854,774 | ||||||
| Other Liabilities | 89,972 | ||||||
| Total Liabilities | 944,746 | ||||||
| Drummond Banking Company | |||||||
| Assets: | |||||||
| Cash and cash equivalents | 31,805 | ||||||
| Measurement Period Adjustments, Cash and cash equivalents | 0 | ||||||
| Investment securities | 327,852 | ||||||
| Measurement Period Adjustments, Investment securities | 0 | ||||||
| Loans | 544,694 | ||||||
| Measurement Period Adjustments, Loans | 0 | ||||||
| Bank premises and equipment | 29,370 | ||||||
| Measurement Period Adjustments, Bank premises and equipment | 0 | ||||||
| Core deposit intangibles | 32,983 | ||||||
| Measurement Period Adjustments, Core deposit intangibles | 0 | ||||||
| Goodwill | 103,649 | ||||||
| Measurement Period Adjustments, Goodwill | 173 | ||||||
| Other Assets | 49,639 | ||||||
| Measurement Period Adjustments, Other Assets | (173) | ||||||
| Total Assets | 1,119,992 | ||||||
| Measurement Period Adjustments, Total Assets | 0 | ||||||
| Liabilities: | |||||||
| Deposits | 881,281 | ||||||
| Measurement Period Adjustments, Deposits | 0 | ||||||
| Other Liabilities | 80,379 | ||||||
| Measurement Period Adjustments, Other Liabilities | 0 | ||||||
| Total Liabilities | 961,660 | ||||||
| Measurement Period Adjustments, Total Liabilities | 0 | ||||||
| Drummond Banking Company | Initially Measured | |||||||
| Assets: | |||||||
| Cash and cash equivalents | 31,805 | ||||||
| Investment securities | 327,852 | ||||||
| Loans | 544,694 | ||||||
| Bank premises and equipment | 29,370 | ||||||
| Core deposit intangibles | 32,983 | ||||||
| Goodwill | 103,476 | ||||||
| Other Assets | 49,812 | ||||||
| Total Assets | 1,119,992 | ||||||
| Liabilities: | |||||||
| Deposits | 881,281 | ||||||
| Other Liabilities | 80,379 | ||||||
| Total Liabilities | $ 961,660 | ||||||
| Business Bank of Florida | |||||||
| Assets: | |||||||
| Cash and cash equivalents | $ 38,332 | ||||||
| Investment securities | 26,011 | ||||||
| Loans | 121,774 | ||||||
| Bank premises and equipment | 2,102 | ||||||
| Core deposit intangibles | 2,621 | ||||||
| Goodwill | 7,962 | ||||||
| Total Assets | 198,802 | ||||||
| Liabilities: | |||||||
| Deposits | 166,326 | ||||||
| Other Liabilities | 499 | ||||||
| Total Liabilities | 166,825 | ||||||
| Sabal Palm Bancorp, Inc. | |||||||
| Assets: | |||||||
| Cash and cash equivalents | 170,609 | ||||||
| Investment securities | 6,473 | ||||||
| Loans | 246,152 | ||||||
| Bank premises and equipment | 1,745 | ||||||
| Core deposit intangibles | 5,587 | ||||||
| Goodwill | 26,489 | ||||||
| Other Assets | 5,189 | ||||||
| Total Assets | 462,244 | ||||||
| Liabilities: | |||||||
| Deposits | 395,952 | ||||||
| Other Liabilities | 4,194 | ||||||
| Total Liabilities | $ 400,146 |
Business Combinations - Fair Value of Acquired Loans (Details) - USD ($) $ in Thousands |
Jan. 31, 2023 |
Oct. 07, 2022 |
Jan. 03, 2022 |
|---|---|---|---|
| Professional Holding Corp. | |||
| Business Acquisition [Line Items] | |||
| Book Balance | $ 2,139,222 | ||
| Fair Value | 1,986,169 | ||
| Professional Holding Corp. | Construction and land development | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 156,048 | ||
| Fair Value | 151,012 | ||
| Professional Holding Corp. | Commercial real estate - owner occupied | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 293,473 | ||
| Fair Value | 274,068 | ||
| Professional Holding Corp. | Commercial real estate - non-owner occupied | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 752,393 | ||
| Fair Value | 692,746 | ||
| Professional Holding Corp. | Residential real estate | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 509,305 | ||
| Fair Value | 483,611 | ||
| Professional Holding Corp. | Commercial and financial | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 392,396 | ||
| Fair Value | 350,628 | ||
| Professional Holding Corp. | Consumer | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 33,656 | ||
| Fair Value | 32,153 | ||
| Professional Holding Corp. | PPP Loans | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 1,951 | ||
| Fair Value | $ 1,951 | ||
| Apollo Bancshares, Inc. | |||
| Business Acquisition [Line Items] | |||
| Book Balance | $ 717,578 | ||
| Fair Value | 666,522 | ||
| Apollo Bancshares, Inc. | Construction and land development | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 74,126 | ||
| Fair Value | 70,654 | ||
| Apollo Bancshares, Inc. | Commercial real estate - owner occupied | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 131,093 | ||
| Fair Value | 121,600 | ||
| Apollo Bancshares, Inc. | Commercial real estate - non-owner occupied | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 374,673 | ||
| Fair Value | 340,561 | ||
| Apollo Bancshares, Inc. | Residential real estate | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 76,254 | ||
| Fair Value | 75,957 | ||
| Apollo Bancshares, Inc. | Commercial and financial | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 50,125 | ||
| Fair Value | 46,695 | ||
| Apollo Bancshares, Inc. | Consumer | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 11,307 | ||
| Fair Value | 11,055 | ||
| Drummond Banking Company | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 587,002 | ||
| Fair Value | 544,694 | ||
| Drummond Banking Company | Construction and land development | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 155,041 | ||
| Fair Value | 140,401 | ||
| Drummond Banking Company | Commercial real estate - owner occupied | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 112,768 | ||
| Fair Value | 106,152 | ||
| Drummond Banking Company | Commercial real estate - non-owner occupied | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 26,520 | ||
| Fair Value | 24,744 | ||
| Drummond Banking Company | Residential real estate | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 85,767 | ||
| Fair Value | 78,663 | ||
| Drummond Banking Company | Commercial and financial | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 88,026 | ||
| Fair Value | 82,067 | ||
| Drummond Banking Company | Consumer | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 118,880 | ||
| Fair Value | $ 112,667 | ||
| Business Bank of Florida | |||
| Business Acquisition [Line Items] | |||
| Book Balance | $ 123,916 | ||
| Fair Value | 121,774 | ||
| Business Bank of Florida | Construction and land development | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 8,677 | ||
| Fair Value | 8,414 | ||
| Business Bank of Florida | Commercial real estate - owner occupied | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 45,403 | ||
| Fair Value | 44,564 | ||
| Business Bank of Florida | Commercial real estate - non-owner occupied | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 53,065 | ||
| Fair Value | 52,034 | ||
| Business Bank of Florida | Residential real estate | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 5,377 | ||
| Fair Value | 5,421 | ||
| Business Bank of Florida | Commercial and financial | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 11,335 | ||
| Fair Value | 11,280 | ||
| Business Bank of Florida | Consumer | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 59 | ||
| Fair Value | 61 | ||
| Sabal Palm Bancorp, Inc. | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 248,910 | ||
| Fair Value | 246,152 | ||
| Sabal Palm Bancorp, Inc. | Construction and land development | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 9,256 | ||
| Fair Value | 9,009 | ||
| Sabal Palm Bancorp, Inc. | Commercial real estate - owner occupied | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 57,690 | ||
| Fair Value | 56,591 | ||
| Sabal Palm Bancorp, Inc. | Commercial real estate - non-owner occupied | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 89,153 | ||
| Fair Value | 87,280 | ||
| Sabal Palm Bancorp, Inc. | Residential real estate | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 71,469 | ||
| Fair Value | 72,227 | ||
| Sabal Palm Bancorp, Inc. | Commercial and financial | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 21,109 | ||
| Fair Value | 20,813 | ||
| Sabal Palm Bancorp, Inc. | Consumer | |||
| Business Acquisition [Line Items] | |||
| Book Balance | 233 | ||
| Fair Value | $ 232 |
Business Combinations - Carrying Amounts of Loans (Details) - PCD Loans - USD ($) $ in Thousands |
Jan. 31, 2023 |
Oct. 07, 2022 |
Jan. 03, 2022 |
|---|---|---|---|
| Professional Holding Corp. | |||
| Business Acquisition [Line Items] | |||
| Book balance of loans at acquisition | $ 155,031 | ||
| Allowance for credit losses at acquisition | (18,879) | ||
| Non-credit related discount | (12,361) | ||
| Total PCD loans acquired | $ 123,791 | ||
| Apollo Bancshares, Inc. | |||
| Business Acquisition [Line Items] | |||
| Book balance of loans at acquisition | $ 107,744 | ||
| Allowance for credit losses at acquisition | (2,658) | ||
| Non-credit related discount | (14,191) | ||
| Total PCD loans acquired | 90,895 | ||
| Drummond Banking Company | |||
| Business Acquisition [Line Items] | |||
| Book balance of loans at acquisition | 58,878 | ||
| Allowance for credit losses at acquisition | (2,566) | ||
| Non-credit related discount | (4,607) | ||
| Total PCD loans acquired | $ 51,705 | ||
| Business Bank of Florida | |||
| Business Acquisition [Line Items] | |||
| Book balance of loans at acquisition | $ 714 | ||
| Allowance for credit losses at acquisition | (15) | ||
| Non-credit related discount | (48) | ||
| Total PCD loans acquired | 651 | ||
| Sabal Palm Bancorp, Inc. | |||
| Business Acquisition [Line Items] | |||
| Book balance of loans at acquisition | 3,703 | ||
| Allowance for credit losses at acquisition | (37) | ||
| Non-credit related discount | (663) | ||
| Total PCD loans acquired | $ 3,003 |
Business Combinations - Pro-Forma Information (Details) - Professional Holding Corp. - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
|
| Business Acquisition [Line Items] | ||
| Net interest income | $ 499,008 | $ 488,143 |
| Net income available to common shareholders | $ 128,086 | $ 107,398 |
| EPS - basic (in dollars per share) | $ 1,510 | $ 1,400 |
| EPS - diluted (in dollars per share) | $ 1,500 | $ 1,390 |