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, 2018

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

	March 31,			December 31,
	2018			2017
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,329,904		$	2,279,366
Real estate - construction		506,050			580,874
Real estate - mortgage:
Owner-occupied commercial		1,349,679			1,328,666
1-4 family mortgage		581,498			603,063
Other mortgage		1,099,482			997,079
Subtotal: Real estate - mortgage		3,030,659			2,928,808
Consumer		61,714			62,213
Total Loans		5,928,327			5,851,261
Less: Allowance for loan losses		(62,050	)		(59,406	)
Net Loans	$	5,866,277		$	5,791,855

Commercial, financial and agricultural		39.30	%		38.96	%
Real estate - construction		8.54	%		9.93	%
Real estate - mortgage:
Owner-occupied commercial		22.77	%		22.71	%
1-4 family mortgage		9.81	%		10.30	%
Other mortgage		18.54	%		17.04	%
Subtotal: Real estate - mortgage		51.12	%		50.05	%
Consumer		1.04	%		1.06	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

			Special
March 31, 2018	Pass		Mention		Substandard		Doubtful		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,272,468	$	32,900	$	24,536	$	-	$	2,329,904
Real estate - construction		497,846		6,623		1,581		-		506,050
Real estate - mortgage:
Owner-occupied commercial		1,338,307		7,401		3,971		-		1,349,679
1-4 family mortgage		576,792		1,599		3,107		-		581,498
Other mortgage		1,078,797		13,732		6,953		-		1,099,482
Total real estate - mortgage		2,993,896		22,732		14,031		-		3,030,659
Consumer		61,623		4		87		-		61,714
Total	$	5,825,833	$	62,259	$	40,235	$	-	$	5,928,327

			Special
December 31, 2017	Pass		Mention		Substandard		Doubtful		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,225,084	$	27,835	$	26,447	$	-	$	2,279,366
Real estate - construction		572,657		6,691		1,526		-		580,874
Real estate - mortgage:
Owner-occupied commercial		1,317,113		7,333		4,220		-		1,328,666
1-4 family mortgage		598,222		1,599		3,242		-		603,063
Other mortgage		976,348		18,122		2,609		-		997,079
Total real estate - mortgage		2,891,683		27,054		10,071		-		2,928,808
Consumer		62,083		42		88		-		62,213
Total	$	5,751,507	$	61,622	$	38,132	$	-	$	5,851,261

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

March 31, 2018	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,320,887	$	9,017	$	2,329,904
Real estate - construction		506,050		-		506,050
Real estate - mortgage:
Owner-occupied commercial		1,349,373		306		1,349,679
1-4 family mortgage		580,953		545		581,498
Other mortgage		1,099,482		-		1,099,482
Total real estate - mortgage		3,029,808		851		3,030,659
Consumer		61,633		81		61,714
Total	$	5,918,378	$	9,949	$	5,928,327


December 31, 2017	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,269,642	$	9,724	$	2,279,366
Real estate - construction		580,874		-		580,874
Real estate - mortgage:
Owner-occupied commercial		1,328,110		556		1,328,666
1-4 family mortgage		602,604		459		603,063
Other mortgage		997,079		-		997,079
Total real estate - mortgage		2,927,793		1,015		2,928,808
Consumer		62,127		86		62,213
Total	$	5,840,436	$	10,825	$	5,851,261

Past Due Financing Receivables [Table Text Block]

March 31, 2018	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	$	309	$	10,495	$	418	$	11,222	$	8,599	$	2,310,083	$	2,329,904
Real estate - construction		-		7,619		-		7,619		-		498,431		506,050
Real estate - mortgage:
Owner-occupied commercial		115		3,664		-		3,779		306		1,345,594		1,349,679
1-4 family mortgage		564		1,365		217		2,146		328		579,024		581,498
Other mortgage		381		14,827		-		15,208		-		1,084,274		1,099,482
Total real estate - mortgage		1,060		19,856		217		21,133		634		3,008,892		3,030,659
Consumer		19		24		43		86		38		61,590		61,714
Total	$	1,388	$	37,994	$	678	$	40,060	$	9,271	$	5,878,996	$	5,928,327

December 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	$	1,410	$	5,702	$	12	$	7,124	$	9,712	$	2,262,530	$	2,279,366
Real estate - construction		56		997		-		1,053		-		579,821		580,874
Real estate - mortgage:
Owner-occupied commercial		-		3,664		-		3,664		556		1,324,446		1,328,666
1-4 family mortgage		430		850		-		1,280		459		601,324		603,063
Other mortgage		5,116		-		-		5,116		-		991,963		997,079
Total real estate - mortgage		5,546		4,514		-		10,060		1,015		2,917,733		2,928,808
Consumer		131		23		48		202		38		61,973		62,213
Total	$	7,143	$	11,236	$	60	$	18,439	$	10,765	$	5,822,057	$	5,851,261

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, 2018
Allowance for loan losses:
Balance at December 31, 2017	$	32,880		$	4,989		$	21,022		$	515		$	59,406
Charge-offs		(1,088	)		-			(381	)		(88	)		(1,557	)
Recoveries		4			7			42			9			62
Provision		3,991			(858	)		923			83			4,139
Balance at March 31, 2018	$	35,787		$	4,138		$	21,606		$	519		$	62,050

		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

		As of March 31, 2018
Allowance for loan losses:
Individually Evaluated for Impairment	$	5,877		$	120		$	432		$	49		$	6,478
Collectively Evaluated for Impairment		29,910			4,018			21,174			470			55,572

Loans:
Ending Balance	$	2,329,904		$	506,050		$	3,030,659		$	61,714		$	5,928,327
Individually Evaluated for Impairment		24,536			1,625			16,328			87			42,576
Collectively Evaluated for Impairment		2,305,368			504,425			3,014,331			61,627			5,885,751

		As of December 31, 2017
Allowance for loan losses:
Individually Evaluated for Impairment	$	4,276		$	120		$	1,163		$	50		$	5,609
Collectively Evaluated for Impairment		28,604			4,869			19,859			465			53,797

Loans:
Ending Balance	$	2,279,366		$	580,874		$	2,928,808		$	62,213		$	5,851,261
Individually Evaluated for Impairment		26,447			1,571			12,404			88			40,510
Collectively Evaluated for Impairment		2,252,919			579,303			2,916,404			62,125			5,810,751

Impaired Financing Receivables [Table Text Block]

	March 31, 2018
							For the three months
							ended March 31, 2018
									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	$	6,176	$	6,953	$	-	$	6,165	$	71
Real estate - construction		628		631		-		632		8
Real estate - mortgage:
Owner-occupied commercial		2,604		2,771		-		2,789		38
1-4 family mortgage		2,258		2,258		-		2,256		25
Other mortgage		5,090		5,090		-		5,114		63
Total real estate - mortgage		9,952		10,119		-		10,159		126
Consumer		38		38		-		39		1
Total with no allowance recorded		16,794		17,741		-		16,995		206

With an allowance recorded:
Commercial, financial and agricultural		18,360		25,182		5,877		19,809		147
Real estate - construction		997		997		120		997		14
Real estate - mortgage:
Owner-occupied commercial		3,664		3,664		-		3,664		50
1-4 family mortgage		850		850		151		850		12
Other mortgage		1,862		1,862		281		1,862		20
Total real estate - mortgage		6,376		6,376		432		6,376		82
Consumer		49		49		49		50		1
Total with allowance recorded		25,782		32,604		6,478		27,232		244

Total Impaired Loans:
Commercial, financial and agricultural		24,536		32,135		5,877		25,974		218
Real estate - construction		1,625		1,628		120		1,629		22
Real estate - mortgage:
Owner-occupied commercial		6,268		6,435		-		6,453		88
1-4 family mortgage		3,108		3,108		151		3,106		37
Other mortgage		6,952		6,952		281		6,976		83
Total real estate - mortgage		16,328		16,495		432		16,535		208
Consumer		87		87		49		89		2
Total impaired loans	$	42,576	$	50,345	$	6,478	$	44,227	$	450

	December 31, 2017
							For the twelve months
							ended December 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	$	10,036	$	16,639	$	-	$	16,417	$	571
Real estate - construction		574		577		-		663		31
Real estate - mortgage:
Owner-occupied commercial		2,640		2,806		-		2,875		159
1-4 family mortgage		2,262		2,262		-		2,289		93
Other mortgage		746		746		-		727		44
Total real estate - mortgage		5,648		5,814		-		5,891		296
Consumer		38		39		-		42		3
Total with no allowance recorded		16,296		23,069		-		23,013		901

With an allowance recorded:
Commercial, financial and agricultural		16,411		16,992		4,276		17,912		651
Real estate - construction		997		997		120		997		56
Real estate - mortgage:
Owner-occupied commercial		3,914		3,914		601		3,801		215
1-4 family mortgage		980		980		281		1,113		54
Other mortgage		1,862		1,862		281		1,862		80
Total real estate - mortgage		6,756		6,756		1,163		6,776		349
Consumer		50		50		50		42		3
Total with allowance recorded		24,214		24,795		5,609		25,727		1,059

Total Impaired Loans:
Commercial, financial and agricultural		26,447		33,631		4,276		34,329		1,222
Real estate - construction		1,571		1,574		120		1,660		87
Real estate - mortgage:
Owner-occupied commercial		6,554		6,720		601		6,676		374
1-4 family mortgage		3,242		3,242		281		3,402		147
Other mortgage		2,608		2,608		281		2,589		124
Total real estate - mortgage		12,404		12,570		1,163		12,667		645
Consumer		88		89		50		84		6
Total impaired loans	$	40,510	$	47,864	$	5,609	$	48,740	$	1,960