(Parent Company Only) Financial Information

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Only Financial Information

Note O

Seacoast Banking Corporation of Florida

(Parent Company Only) Financial Information

Balance Sheets

	December 31
	2015		2014
	(In thousands)
ASSETS
Cash	$	364	$	480
Securities purchased under agreement to resell with subsidiary bank, maturing within 30 days		43,323		37,836
Investment in subsidiaries		383,516		341,302
Other assets		10		0
	$	427,213	$	379,618
LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated debt	$	69,961	$	64,584
Other liabilities		3,799		2,383
Shareholders' equity		353,453		312,651
	$	427,213	$	379,618

Statements of Income (Loss)

	Year Ended December 31
	2015		2014		2013
	(In thousands)
Income
Interest/other	$	115	$	43	$	28
Dividends from subsidiary Bank		0		0		0
		115		43		28
Interest expense		1,671		1,053		958
Other expenses		317		1,000		450
Loss before income tax benefit and equity  in undistributed income of subsidiaries		(1,873)		(2,010)		(1,380)
Income tax benefit		(661)		(704)		(2,281)
Income (loss) before equity in undistributed income of subsidiaries		(1,212)		(1,306)		901
Equity in undistributed income of subsidiaries		23,353		7,002		51,088
Net income	$	22,141	$	5,696	$	51,989

Statement of Cash Flows

	Year Ended December 31
	2015		2014		2013
	(In thousands)
Cash flows from operating activities
Interest received	$	78	$	43	$	5
Interest paid		(1,487)		(1,058)		(957)
Dividends received		37		24		23
Income taxes received		0		573		1,797
Other		122		(964)		(494)
Net cash provided by (used in) operating activities		(1,250)		(1,382)		374
Cash flows from investing activities
Decrease (increase) in securities purchased under agreement to resell, maturing within 30 days, net		(5,487)		(37,044)		2,130
Net cash provided by (used in) investment activities		(5,487)		(37,044)		2,130
Cash flows from financing activities
Issuance of common stock, net of related expense		0		24,637		46,977
Subordinated debt increase		6,494		13,208		0
Stock based employment plans		127		142		190
Redemption of preferred stock		0		0		(50,000)
Dividends paid on preferred shares		0		0		(2,819)
Net cash provided by (used in) financing activities		6,621		37,987		(5,652)
Net change in cash		(116)		(439)		(3,148)
Cash at beginning of year		480		919		4,067
Cash at end of year	$	364	$	480	$	919
RECONCILIATION OF INCOME (LOSS) TO CASH USED IN OPERATING ACTIVITIES
Net income (loss)	$	22,141	$	5,696	$	51,989
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Equity in undistributed income of subsidiaries		(23,353)		(7,002)		(51,088)
Other, net		(38)		(76)		(527)
Net cash provided by (used in) operating activities	$	(1,250)	$	(1,382)	$	374