Borrowings (Tables)

12 Months Ended

Dec. 31, 2022

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:

	For the Year Ended December 31,
(In thousands)	2022			2021			2020
Maximum amount outstanding at any month end	$	172,029		$	124,101		$	119,609
Weighted average interest rate at end of year	1.89		%	0.12		%	0.16		%
Average amount outstanding	$	121,318		$	113,881		$	84,514
Weighted average interest rate during the year	0.81		%	0.12		%	0.33		%

Schedule of Collateral Dependent Loans

The following table presents collateral-dependent loans as of:

(In thousands)	December 31, 2022		December 31, 2021
Construction and land development	$	59	$	271
Commercial real estate - owner-occupied	2,733		4,706
Commercial real estate - non-owner occupied	1,698		4,923
Residential real estate	11,333		16,334
Commercial and financial	10,448		8,741
Consumer	426		741
Totals	$	26,697	$	35,716

Company securities pledged were as follows by collateral type and maturity as of:

	December 31,
(In thousands)	2022		2021		2020
Fair value of pledged securities - overnight and continuous:
Mortgage-backed securities and collateralized mortgage obligations of U.S. government-sponsored entities	$	184,967	$	134,577	$	137,268

Schedule of Junior Subordinated Debentures and Related Trust Preferred and Common Equity Securities

The following table summarizes the Company's junior subordinated debentures and related trust preferred and common equity securities as of December 31, 2022:

(In thousands)
Description	Issuance Date	Acquisition Date1	Maturity Date	Junior Subordinated Debt		Trust Preferred Securities		Common Equity Securities		Contractual Interest Rate	Interest Rate at December 31, 2022
SBCF Capital Trust I	3/31/2005	n/a	3/31/2035	$	20,619	$	20,000	$	619	3 month LIBOR +175bps	6.50%
SBCF Statutory Trust II	12/16/2005	n/a	12/16/2035	20,619		20,000		619		3 month LIBOR +133bps	6.10%
SBCF Statutory Trust III	6/29/2007	n/a	6/15/2037	12,372		12,000		372		3 month LIBOR +135bps	6.12%
The BANKshares, Inc. Statutory Trust I	12/19/2002	10/1/2014	12/26/2032	5,155		5,000		155		3 month LIBOR +325bps	7.97%
The BANKshares, Inc. Statutory Trust II	3/17/2004	10/1/2014	3/17/2034	4,124		4,000		124		3 month LIBOR +279bps	7.53%
The BANKshares, Inc. Capital Trust I	12/15/2005	10/1/2014	12/15/2035	5,155		5,000		155		3 month LIBOR +139bps	6.08%
Grand Bank Capital Trust I	10/29/2004	7/17/2015	10/29/2034	7,217		7,000		217		3 month LIBOR +198bps	6.71%
				$	75,261	$	73,000	$	2,261
1Acquired junior subordinated debentures were recorded at their acquisition date fair values, which collectively was $5.6 million lower than face value; this amount is being amortized into interest expense over the remaining term to maturity.