Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
[1]
ASSETS    
Cash and due from banks $ 57,221 $ 46,614
Interest-bearing balances due from depository institutions 553,392 270,836
Federal funds sold 181,644 34,785
Cash and cash equivalents 792,257 352,235
Available for sale debt securities, at fair value 351,417 342,938
Held to maturity debt securities (fair value of $26,912 and $27,910 at September 30, 2016 and December 31, 2015, respectively) 25,853 27,426
Restricted equity securities 5,668 4,954
Mortgage loans held for sale 6,026 8,249
Loans 4,657,284 4,216,375
Less allowance for loan losses (48,933) (43,419)
Loans, net 4,608,351 4,172,956
Premises and equipment, net 25,033 19,434
Accrued interest and dividends receivable 14,648 13,698
Deferred tax assets 22,223 23,425
Other real estate owned and repossessed assets 3,035 5,392
Bank owned life insurance contracts 113,643 91,594
Goodwill and other identifiable intangible assets 15,073 15,330
Other assets 19,394 17,878
Total assets 6,002,621 5,095,509
Deposits:    
Noninterest-bearing 1,269,726 1,053,467
Interest-bearing 3,811,402 3,170,421
Total deposits 5,081,128 4,223,888
Federal funds purchased 344,390 352,360
Other borrowings 55,356 55,637
Accrued interest payable 3,626 2,369
Other liabilities 10,255 12,108
Total liabilities 5,494,755 4,646,362
Stockholders' equity:    
Common stock, par value $.001 per share; 100,000,000 shares authorized and 26,305,448 shares issued and outstanding at September 30, 2016, and 50,000,000 authorized and 25,972,698 shares issued and outstanding at December 31, 2015 26 26
Additional paid-in capital 215,262 211,546
Retained earnings 287,568 234,150
Accumulated other comprehensive income 4,633 3,048
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 507,489 448,770
Noncontrolling interest 377 377
Total stockholders' equity 507,866 449,147
Total liabilities and stockholders' equity 6,002,621 5,095,509
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 0 0
Undesignated Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock $ 0 $ 0
[1] Derived from audited financial statements.