ServisFirst Bancshares, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Loans (Tables)

Note 5 - Loans (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	March 31,			December 31,
	2017			2016
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,061,503		$	1,982,267
Real estate - construction		345,777			335,085
Real estate - mortgage:
Owner-occupied commercial		1,262,578			1,171,719
1-4 family mortgage		554,261			536,805
Other mortgage		872,955			830,683
Subtotal: Real estate - mortgage		2,689,794			2,539,207
Consumer		54,910			55,211
Total Loans		5,151,984			4,911,770
Less: Allowance for loan losses		(53,892	)		(51,893	)
Net Loans	$	5,098,092		$	4,859,877

Commercial, financial and agricultural		40.01	%		40.36	%
Real estate - construction		6.71	%		6.82	%
Real estate - mortgage:
Owner-occupied commercial		24.51	%		23.86	%
1-4 family mortgage		10.76	%		10.93	%
Other mortgage		16.94	%		16.91	%
Subtotal: Real estate - mortgage		52.21	%		51.70	%
Consumer		1.07	%		1.12	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

			Special
March 31, 2017	Pass		Mention		Substandard		Doubtful		Total
	(In Thousands)
Commercial, financial and agricultural	$	1,989,337	$	48,280	$	23,886	$	-	$	2,061,503
Real estate - construction		334,480		7,639		3,658		-		345,777
Real estate - mortgage:
Owner-occupied commercial		1,248,552		6,126		7,900		-		1,262,578
1-4 family mortgage		549,371		1,161		3,729		-		554,261
Other mortgage		857,553		14,573		829		-		872,955
Total real estate - mortgage		2,655,476		21,860		12,458		-		2,689,794
Consumer		54,823		87		-		-		54,910
Total	$	5,034,116	$	77,866	$	40,002	$	-	$	5,151,984

			Special
December 31, 2016	Pass		Mention		Substandard		Doubtful		Total
	(In Thousands)
Commercial, financial and agricultural	$	1,893,664	$	61,035	$	27,568	$	-	$	1,982,267
Real estate - construction		324,958		5,861		4,266		-		335,085
Real estate - mortgage:
Owner-occupied commercial		1,158,615		6,037		7,067		-		1,171,719
1-4 family mortgage		531,868		2,065		2,872		-		536,805
Other mortgage		818,724		11,224		735		-		830,683
Total real estate - mortgage		2,509,207		19,326		10,674		-		2,539,207
Consumer		55,135		76		-		-		55,211
Total	$	4,782,964	$	86,298	$	42,508	$	-	$	4,911,770

Financing Receivable, Credit Substitute, Credit Quality Indicator [Table Text Block]

March 31, 2017	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,054,524	$	6,979	$	2,061,503
Real estate - construction		343,116		2,661		345,777
Real estate - mortgage:
Owner-occupied commercial		1,261,205		1,373		1,262,578
1-4 family mortgage		553,190		1,071		554,261
Other mortgage		872,955		-		872,955
Total real estate - mortgage		2,687,350		2,444		2,689,794
Consumer		54,894		16		54,910
Total	$	5,139,884	$	12,100	$	5,151,984

December 31, 2016	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	1,974,975	$	7,292	$	1,982,267
Real estate - construction		331,817		3,268		335,085
Real estate - mortgage:
Owner-occupied commercial		1,165,511		6,208		1,171,719
1-4 family mortgage		536,731		74		536,805
Other mortgage		830,683		-		830,683
Total real estate - mortgage		2,532,925		6,282		2,539,207
Consumer		55,166		45		55,211
Total	$	4,894,883	$	16,887	$	4,911,770

Past Due Financing Receivables [Table Text Block]

March 31, 2017	Past Due Status (Accruing Loans)
							Total Past
	30-59 Days		60-89 Days		90+ Days		Due		Non-Accrual		Current		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	1,023	$	8	$	-	$	1,031	$	6,979	$	2,053,493	$	2,061,503
Real estate - construction		363		-		-		363		2,661		342,753		345,777
Real estate - mortgage:
Owner-occupied commercial		1,001		-		-		1,001		1,373		1,260,204		1,262,578
1-4 family mortgage		215		45		-		260		1,071		552,930		554,261
Other mortgage		2,950		-		-		2,950		-		870,005		872,955
Total real estate - mortgage		4,166		45		-		4,211		2,444		2,683,139		2,689,794
Consumer		29		30		16		75		-		54,835		54,910
Total	$	5,581	$	83	$	16	$	5,680	$	12,084	$	5,134,220	$	5,151,984

December 31, 2016	Past Due Status (Accruing Loans)
							Total Past
	30-59 Days		60-89 Days		90+ Days		Due		Non-Accrual		Current		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	710	$	40	$	10	$	760	$	7,282	$	1,974,225	$	1,982,267
Real estate - construction		59		-		-		59		3,268		331,758		335,085
Real estate - mortgage:
Owner-occupied commercial		-		-		6,208		6,208		-		1,165,511		1,171,719
1-4 family mortgage		160		129		-		289		74		536,442		536,805
Other mortgage		95		811		-		906		-		829,777		830,683
Total real estate - mortgage		255		940		6,208		7,403		74		2,531,730		2,539,207
Consumer		52		17		45		114		-		55,097		55,211
Total	$	1,076	$	997	$	6,263	$	8,336	$	10,624	$	4,892,810	$	4,911,770

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	Commercial,
	financial and			Real estate -			Real estate -
	agricultural			construction			mortgage			Consumer			Total
	(In Thousands)
	Three Months Ended March 31, 2017
Allowance for loan losses:
Balance at December 31, 2016	$	28,872		$	5,125		$	17,504		$	392		$	51,893
Charge-offs		(2,855	)		-			(266	)		(75	)		(3,196	)
Recoveries		190			16			2			1			209
Provision		2,500			(316	)		2,722			80			4,986
Balance at March 31, 2017	$	28,707		$	4,825		$	19,962		$	398		$	53,892

	Three Months Ended March 31, 2016
Allowance for loan losses:
Balance at December 31, 2015	$	21,495		$	5,432		$	16,061		$	431		$	43,419
Charge-offs		(50	)		(381	)		-			(18	)		(449	)
Recoveries		3			16			97			-			116
Provision		1,391			(62	)		743			(13	)		2,059
Balance at March 31, 2016	$	22,839		$	5,005		$	16,901		$	400		$	45,145

	As of March 31, 2017
Allowance for loan losses:
Individually Evaluated for Impairment	$	5,297		$	921		$	1,814		$	-		$	8,032
Collectively Evaluated for Impairment		23,410			3,904			18,148			398			45,860

Loans:
Ending Balance	$	2,061,503		$	345,777		$	2,689,794		$	54,910		$	5,151,984
Individually Evaluated for Impairment		24,230			3,705			15,084			2			43,021
Collectively Evaluated for Impairment		2,037,273			342,072			2,674,710			54,908			5,108,963

	As of December 31, 2016
Allowance for loan losses:
Individually Evaluated for Impairment	$	6,607		$	923		$	622		$	-		$	8,152
Collectively Evaluated for Impairment		22,265			4,202			16,882			392			43,741

Loans:
Ending Balance	$	1,982,267		$	335,085		$	2,539,207		$	55,211		$	4,911,770
Individually Evaluated for Impairment		27,922			4,314			13,350			3			45,589
Collectively Evaluated for Impairment		1,954,345			330,771			2,525,857			55,208			4,866,181

Impaired Financing Receivables [Table Text Block]

	March 31, 2017
							For the three months
							ended March 31, 2017
									Interest
			Unpaid				Average		Income
	Recorded		Principal		Related		Recorded		Recognized
	Investment		Balance		Allowance		Investment		in Period
	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	1,001	$	1,001	$	-	$	1,007	$	16
Real estate - construction		330		333		-		333		1
Real estate - mortgage:
Owner-occupied commercial		2,561		2,725		-		2,750		40
1-4 family mortgage		2,758		2,758		-		2,831		22
Other mortgage		924		924		-		931		14
Total real estate - mortgage		6,243		6,407		-		6,512		76
Consumer		2		4		-		4		-
Total with no allowance recorded		7,576		7,745		-		7,856		93

With an allowance recorded:
Commercial, financial and agricultural		23,229		23,229		5,297		23,063		228
Real estate - construction		3,375		3,375		921		3,374		14
Real estate - mortgage:
Owner-occupied commercial		7,774		7,774		1,445		7,317		79
1-4 family mortgage		971		971		273		972		12
Other mortgage		96		96		96		287		4
Total real estate - mortgage		8,841		8,841		1,814		8,576		95
Consumer		-		-		-		-		-
Total with allowance recorded		35,445		35,445		8,032		35,013		337

Total Impaired Loans:
Commercial, financial and agricultural		24,230		24,230		5,297		24,070		244
Real estate - construction		3,705		3,708		921		3,707		15
Real estate - mortgage:
Owner-occupied commercial		10,335		10,499		1,445		10,067		119
1-4 family mortgage		3,729		3,729		273		3,803		34
Other mortgage		1,020		1,020		96		1,218		18
Total real estate - mortgage		15,084		15,248		1,814		15,088		171
Consumer		2		4		-		4		-
Total impaired loans	$	43,021	$	43,190	$	8,032	$	42,869	$	430

	December 31, 2016
							For the twelve months
							ended December 31, 2016
									Interest
			Unpaid				Average		Income
	Recorded		Principal		Related		Recorded		Recognized
	Investment		Balance		Allowance		Investment		in Period
	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	1,003	$	1,003	$	-	$	992	$	64
Real estate - construction		938		1,802		-		1,159		3
Real estate - mortgage:
Owner-occupied commercial		2,615		2,778		-		2,884		166
1-4 family mortgage		1,899		1,899		-		1,901		102
Other mortgage		940		940		-		965		60
Total real estate - mortgage		5,454		5,617		-		5,750		328
Consumer		3		5		-		6		-
Total with no allowance recorded		7,398		8,427		-		7,907		395

With an allowance recorded:
Commercial, financial and agricultural		26,919		31,728		6,607		26,955		1,162
Real estate - construction		3,376		3,376		923		3,577		68
Real estate - mortgage:
Owner-occupied commercial		6,924		6,924		348		6,934		362
1-4 family mortgage		972		972		274		313		19
Other mortgage		-		-		-		-		-
Total real estate - mortgage		7,896		7,896		622		7,247		381
Consumer		-		-		-		-		-
Total with allowance recorded		38,191		43,000		8,152		37,779		1,611

Total Impaired Loans:
Commercial, financial and agricultural		27,922		32,731		6,607		27,947		1,226
Real estate - construction		4,314		5,178		923		4,736		71
Real estate - mortgage:
Owner-occupied commercial		9,539		9,702		348		9,818		528
1-4 family mortgage		2,871		2,871		274		2,214		121
Other mortgage		940		940		-		965		60
Total real estate - mortgage		13,350		13,513		622		12,997		709
Consumer		3		5		-		6		-
Total impaired loans	$	45,589	$	51,427	$	8,152	$	45,686	$	2,006