I have this seating arrangement on our pier overlooking a bay.  So far the wood and cushions have held up and look great. No mold or mildew.  I wish the upper cushions(backrest) would have Velcro tabs to keep them in place when its windy.  The seat cushions have the tabs.  So we have to put them up when not in use otherwise they would float away. The price point was excellent for the quality and what its being used for.