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)

9 Months Ended

Sep. 30, 2018

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

	September 30,			December 31,
	2018			2017
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,478,788		$	2,279,366
Real estate - construction		543,611			580,874
Real estate - mortgage:
Owner-occupied commercial		1,430,111			1,328,666
1-4 family mortgage		610,460			603,063
Other mortgage		1,236,954			997,079
Subtotal: Real estate - mortgage		3,277,525			2,928,808
Consumer		63,607			62,213
Total Loans		6,363,531			5,851,261
Less: Allowance for loan losses		(66,879	)		(59,406	)
Net Loans	$	6,296,652		$	5,791,855

Commercial, financial and agricultural		38.95	%		38.96	%
Real estate - construction		8.54	%		9.93	%
Real estate - mortgage:
Owner-occupied commercial		22.47	%		22.71	%
1-4 family mortgage		9.60	%		10.30	%
Other mortgage		19.44	%		17.04	%
Subtotal: Real estate - mortgage		51.51	%		50.05	%
Consumer		1.00	%		1.06	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

			Special
September 30, 2018	Pass		Mention		Substandard		Doubtful		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,413,994	$	41,656	$	23,138	$	-	$	2,478,788
Real estate - construction		536,789		5,400		1,422		-		543,611
Real estate - mortgage:
Owner-occupied commercial		1,396,503		30,101		3,507		-		1,430,111
1-4 family mortgage		606,509		2,600		1,351		-		610,460
Other mortgage		1,210,063		20,466		6,425		-		1,236,954
Total real estate mortgage		3,213,075		53,167		11,283		-		3,277,525
Consumer		63,555		3		49		-		63,607
Total	$	6,227,413	$	100,226	$	35,892	$	-	$	6,363,531

			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]

September 30, 2018	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,469,980	$	8,808	$	2,478,788
Real estate - construction		543,611		-		543,611
Real estate - mortgage:
Owner-occupied commercial		1,429,958		153		1,430,111
1-4 family mortgage		609,658		802		610,460
Other mortgage		1,231,915		5,039		1,236,954
Total real estate mortgage		3,271,531		5,994		3,277,525
Consumer		63,542		65		63,607
Total	$	6,348,664	$	14,867	$	6,363,531

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]

September 30, 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	$	513	$	9,147	$	309	$	9,969	$	8,499	$	2,460,320	$	2,478,788
Real estate - construction		538		997		-		1,535		-		542,076		543,611
Real estate - mortgage:
Owner-occupied commercial		375		3,941		-		4,316		153		1,425,642		1,430,111
1-4 family mortgage		150		970		301		1,421		501		608,538		610,460
Other mortgage		-		63		5,039		5,102		-		1,231,852		1,236,954
Total real estate - mortgage		525		4,974		5,340		10,839		654		3,266,032		3,277,525
Consumer		173		24		65		262		-		63,345		63,607
Total	$	1,749	$	15,142	$	5,714	$	22,605	$	9,153	$	6,331,773	$	6,363,531

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 September 30, 2018
Allowance for loan losses:
Balance at June 30, 2018	$	36,178		$	4,062		$	23,438		$	561		$	64,239
Charge-offs		(3,923	)		-			(48	)		(76	)		(4,047	)
Recoveries		52			4			1			6			63
Provision		6,794			(132	)		(62	)		24			6,624
Balance at September 30, 2018	$	39,101		$	3,934		$	23,329		$	515		$	66,879

	Three Months Ended September 30, 2017
Allowance for loan losses:
Balance at June 30, 2017	$	29,127		$	5,138		$	20,392		$	402		$	55,059
Charge-offs		(924	)		(16	)		(550	)		(65	)		(1,555	)
Recoveries		67			12			59			14			152
Provision		3,431			197			1,065			110			4,803
Balance at September 30, 2017	$	31,701		$	5,331		$	20,966		$	461		$	58,459

	Nine Months Ended September 30, 2018
Allowance for loan losses:
Balance at December 31, 2017	$	32,880		$	4,989		$	21,022		$	515		$	59,406
Charge-offs		(6,743	)		-			(869	)		(211	)		(7,823	)
Recoveries		229			108			44			31			412
Provision		12,735			(1,163	)		3,132			180			14,884
Balance at September 30, 2018	$	39,101		$	3,934		$	23,329		$	515		$	66,879

	Nine Months Ended September 30, 2017
Allowance for loan losses:
Balance at December 31, 2016	$	28,872		$	5,125		$	17,504		$	392		$	51,893
Charge-offs		(6,846	)		(56	)		(922	)		(173	)		(7,997	)
Recoveries		273			42			62			16			393
Provision		9,402			220			4,322			226			14,170
Balance at September 30, 2017	$	31,701		$	5,331		$	20,966		$	461		$	58,459

	As of September 30, 2018
Allowance for loan losses:
Individually Evaluated for Impairment	$	6,297		$	181		$	274		$	49		$	6,801
Collectively Evaluated for Impairment		32,804			3,753			23,055			466			60,078

Loans:
Ending Balance	$	2,478,788		$	543,611		$	3,277,525		$	63,607		$	6,363,531
Individually Evaluated for Impairment		23,138			1,463			13,083			49			37,733
Collectively Evaluated for Impairment		2,455,650			542,148			3,264,442			63,558			6,325,798

	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]

							For the three months					For the nine months
							ended September 30,					ended September 30,
	September 30, 2018						2018					2018
									Interest					Interest
			Unpaid				Average		Income			Average		Income
	Recorded		Principal		Related		Recorded		Recognized			Recorded		Recognized
	Investment		Balance		Allowance		Investment		in Period			Investment		in Period
	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	4,611	$	5,502	$	-	$	4,694	$	50		$	5,259	$	162
Real estate - construction		466		469		-		481		7			543		21
Real estate - mortgage:
Owner-occupied commercial		1,800		1,982		-		2,008		16			2,311		91
1-4 family mortgage		501		501		-		501		(4	)		501		1
Other mortgage		5,039		5,039		-		5,052		62			5,083		187
Total real estate - mortgage		7,340		7,522		-		7,561		74			7,895		279
Consumer		-		-		-		-		-			-		-
Total with no allowance recorded		12,417		13,493		-		12,736		131			13,697		462

With an allowance recorded:
Commercial, financial and agricultural		18,527		25,946		6,297		19,041		136			19,035		478
Real estate - construction		997		997		181		997		14			997		42
Real estate - mortgage:
Owner-occupied commercial		3,507		3,507		34		3,507		46			3,507		142
1-4 family mortgage		850		850		160		850		12			850		35
Other mortgage		1,386		1,386		80		1,386		15			1,595		51
Total real estate - mortgage		5,743		5,743		274		5,743		73			5,952		228
Consumer		49		49		49		49		1			49		2
Total with allowance recorded		25,316		32,735		6,801		25,830		224			26,033		750

Total Impaired Loans:
Commercial, financial and agricultural		23,138		31,448		6,297		23,735		186			24,294		640
Real estate - construction		1,463		1,466		181		1,478		21			1,540		63
Real estate - mortgage:
Owner-occupied commercial		5,307		5,489		34		5,515		62			5,818		233
1-4 family mortgage		1,351		1,351		160		1,351		8			1,351		36
Other mortgage		6,425		6,425		80		6,438		77			6,678		238
Total real estate - mortgage		13,083		13,265		274		13,304		147			13,847		507
Consumer		49		49		49		49		1			49		2
Total impaired loans	$	37,733	$	46,228	$	6,801	$	38,566	$	355		$	39,730	$	1,212

December 31, 2017
							For the twelve months
							ended December 31, 2017
			Unpaid				Average		Interest Income
	Recorded		Principal		Related		Recorded		Recognized in
	Investment		Balance		Allowance		Investment		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

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	Three Months Ended September 30, 2018						Nine Months Ended September 30, 2018
			Pre-		Post-				Pre-		Post-
			Modification		Modification				Modification		Modification
			Outstanding		Outstanding				Outstanding		Outstanding
	Number of		Recorded		Recorded		Number of		Recorded		Recorded
	Contracts		Investment		Investment		Contracts		Investment		Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural		6	$	7,242	$	7,242		6	$	7,242	$	7,242
Real estate - construction		1		997		997		1		997		997
Real estate - mortgage:
Owner-occupied commercial		2		3,664		3,664		2		3,664		3,664
1-4 family mortgage		1		850		850		1		850		850
Other mortgage		-		-		-		-		-		-
Total real estate mortgage		3		4,514		4,514		3		4,514		4,514
Consumer		-		-		-		-		-		-
		10	$	12,753	$	12,753		10	$	12,753	$	12,753

	Three Months Ended September 30, 2017						Nine Months Ended September 30, 2017
			Pre-		Post-				Pre-		Post-
			Modification		Modification				Modification		Modification
			Outstanding		Outstanding				Outstanding		Outstanding
	Number of		Recorded		Recorded		Number of		Recorded		Recorded
	Contracts		Investment		Investment		Contracts		Investment		Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural		-	$	-	$	-		5	$	7,205	$	7,205
Real estate - construction		-		-		-		1		997		997
Real estate - mortgage:
Owner-occupied commercial		-		-		-		2		3,664		3,664
1-4 family mortgage		-		-		-		1		850		850
Other mortgage		-		-		-		-		-		-
Total real estate mortgage		-		-		-		3		4,514		4,514
Consumer		-		-		-		-		-		-
		-	$	-	$	-		9	$	12,716	$	12,716