Balance Sheet

v3.24.3
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
[1]
ASSETS    
Cash and due from banks $ 142,372 $ 123,430
Interest-bearing balances due from depository institutions 1,614,317 1,907,083
Federal funds sold 3,542 100,575
Cash and cash equivalents 1,760,231 2,131,088
Available-for-sale debt securities, at fair value 1,139,007 900,183
Held-to-maturity debt securities (fair value of $673,023 and $907,191, respectively) 728,580 982,664
Restricted equity securities 11,300 10,226
Mortgage loans held for sale 8,453 5,074
Loans 12,338,226 11,658,829
Less allowance for credit losses (160,755) (153,317)
Loans, net 12,177,471 11,505,512
Premises and equipment, net 61,328 59,324
Accrued interest and dividends receivable 61,578 59,181
Deferred tax asset, net 57,290 62,918
Other real estate owned and repossessed assets 2,723 995
Bank owned life insurance contracts 297,656 292,759
Goodwill 13,615 13,615
Other assets 129,946 106,129
Total assets 16,449,178 16,129,668
Liabilities:    
Non-interest-bearing demand 2,576,329 2,643,101
Interest-bearing 10,570,200 10,630,410
Total deposits 13,146,529 13,273,511
Federal funds purchased 1,542,623 1,256,724
Other borrowings 64,741 64,735
Accrued interest and dividends payable 26,581 27,545
Other liabilities 98,435 66,748
Total liabilities 14,878,909 14,689,263
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at September 30, 2024 and December 31, 2023 0 0
Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,551,543 shares issued and outstanding at September 30, 2024; and 54,461,580 shares issued and outstanding at December 31, 2023 54 54
Additional paid-in capital 235,649 232,605
Retained earnings 1,365,701 1,254,841
Accumulated other comprehensive loss (31,635) (47,595)
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,569,769 1,439,905
Noncontrolling interest 500 500
Total stockholders' equity 1,570,269 1,440,405
Total liabilities and stockholders' equity $ 16,449,178 $ 16,129,668
[1] Derived from audited financial statements.

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