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, 2019

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

	March 31, 2019			December 31, 2018
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,522,136		$	2,513,225
Real estate - construction		556,219			533,192
Real estate - mortgage:
Owner-occupied commercial		1,500,595			1,463,887
1-4 family mortgage		629,285			621,634
Other mortgage		1,394,611			1,337,068
Subtotal: Real estate - mortgage		3,524,491			3,422,589
Consumer		57,062			64,493
Total Loans		6,659,908			6,533,499
Less: Allowance for loan losses		(70,207	)		(68,600	)
Net Loans	$	6,589,701		$	6,464,899


Commercial, financial and agricultural		37.87	%		38.47	%
Real estate - construction		8.35	%		8.16	%
Real estate - mortgage:
Owner-occupied commercial		22.53	%		22.41	%
1-4 family mortgage		9.45	%		9.51	%
Other mortgage		20.94	%		20.46	%
Subtotal: Real estate - mortgage		52.92	%		52.38	%
Consumer		0.86	%		0.99	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

March 31, 2019	Pass		Special Mention		Substandard		Doubtful		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,456,885	$	47,075	$	18,176	$	–	$	2,522,136
Real estate - construction		548,656		6,944		619		–		556,219
Real estate - mortgage:
Owner-occupied commercial		1,470,108		26,929		3,558		–		1,500,595
1-4 family mortgage		625,458		1,976		1,851		–		629,285
Other mortgage		1,368,451		14,781		11,379		–		1,394,611
Total real estate - mortgage		3,464,017		43,686		16,788		–		3,524,491
Consumer		57,013		49		–		–		57,062
Total	$	6,526,571	$	97,754	$	35,583	$	–	$	6,659,908

December 31, 2018	Pass		Special Mention		Substandard		Doubtful		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,447,052	$	47,754	$	18,419	$	–	$	2,513,225
Real estate - construction		525,021		6,749		1,422		–		533,192
Real estate - mortgage:
Owner-occupied commercial		1,431,982		28,547		3,358		–		1,463,887
1-4 family mortgage		616,884		2,703		2,047		–		621,634
Other mortgage		1,309,101		16,506		11,461		–		1,337,068
Total real estate - mortgage		3,357,967		47,756		16,866		–		3,422,589
Consumer		64,444		–		49		–		64,493
Total	$	6,394,484	$	102,259	$	36,756	$	–	$	6,533,499

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

March 31, 2019	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,510,619	$	11,517	$	2,522,136
Real estate - construction		555,981		238		556,219
Real estate - mortgage:
Owner-occupied commercial		1,497,037		3,558		1,500,595
1-4 family mortgage		627,435		1,850		629,285
Other mortgage		1,384,611		10,000		1,394,611
Total real estate - mortgage		3,509,083		15,408		3,524,491
Consumer		57,050		12		57,062
Total	$	6,632,733	$	27,175	$	6,659,908

December 31, 2018	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,502,117	$	11,108	$	2,513,225
Real estate - construction		532,195		997		533,192
Real estate - mortgage:
Owner-occupied commercial		1,460,529		3,358		1,463,887
1-4 family mortgage		619,465		2,169		621,634
Other mortgage		1,327,038		10,030		1,337,068
Total real estate - mortgage		3,407,032		15,557		3,422,589
Consumer		64,385		108		64,493
Total	$	6,505,729	$	27,770	$	6,533,499

Financing Receivable, Past Due [Table Text Block]

March 31, 2019	Past Due Status (Accruing Loans)
	30-59 Days		60-89 Days		90+ Days		Total Past Due		Non-Accrual		Current		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	6,868	$	2,115	$	31	$	9,014	$	11,486	$	2,501,636	$	2,522,136
Real estate - construction		–		–		–		–		238		555,981		556,219
Real estate - mortgage:
Owner-occupied commercial		122		–		–		122		3,558		1,496,915		1,500,595
1-4 family mortgage		600		649		–		1,249		1,850		626,186		629,285
Other mortgage		37		–		4,978		5,015		5,022		1,384,574		1,394,611
Total real estate - mortgage		759		649		4,978		6,386		10,430		3,507,675		3,524,491
Consumer		41		12		12		65		–		56,997		57,062
Total	$	7,668	$	2,776	$	5,021	$	15,465	$	22,154	$	6,622,289	$	6,659,908

December 31, 2018	Past Due Status (Accruing Loans)
	30-59 Days		60-89 Days		90+ Days		Total Past Due		Non-Accrual		Current		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	1,222	$	48	$	605	$	1,875	$	10,503	$	2,500,847	$	2,513,225
Real estate - construction		–		1,352		–		1,352		997		530,843		533,192
Real estate - mortgage:
Owner-occupied commercial		412		–		–		412		3,358		1,460,117		1,463,887
1-4 family mortgage		534		235		123		892		2,046		618,696		621,634
Other mortgage		1,174		–		5,008		6,182		5,022		1,325,864		1,337,068
Total real estate - mortgage		2,120		235		5,131		7,486		10,426		3,404,677		3,422,589
Consumer		58		123		108		289		–		64,204		64,493
Total	$	3,400	$	1,758	$	5,844	$	11,002	$	21,926	$	6,500,571	$	6,533,499

Financing Receivable, Allowance for Credit Loss [Table Text Block]

	Commercial, financial and agricultural			Real estate - construction			Real estate - mortgage			Consumer			Total
	(In Thousands)
	Three Months Ended March 31, 2019
Allowance for loan losses:
Balance at December 31, 2018	$	39,016		$	3,522		$	25,508		$	554		$	68,600
Charge-offs		(3,037	)		–			(50	)		(218	)		(3,305	)
Recoveries		12			1			7			7			27
Provision		3,468			72			1,246			99			4,885
Balance at March 31, 2019	$	39,459		$	3,595		$	26,711		$	442		$	70,207

		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

		As of March 31, 2019
Allowance for loan losses:
Individually Evaluated for Impairment	$	5,192		$	110		$	1,987		$	–		$	7,289
Collectively Evaluated for Impairment		34,267			3,485			24,724			442			62,918

Loans:
Ending Balance	$	2,522,136		$	556,219		$	3,524,491		$	57,062		$	6,659,908
Individually Evaluated for Impairment		18,197			656			17,891			49			36,793
Collectively Evaluated for Impairment		2,503,939			555,563			3,506,600			57,013			6,623,115

		As of December 31, 2018
Allowance for loan losses:
Individually Evaluated for Impairment	$	6,066		$	126		$	1,887		$	49		$	8,128
Collectively Evaluated for Impairment		32,950			3,396			23,621			505			60,472

Loans:
Ending Balance	$	2,513,225		$	533,192		$	3,422,589		$	64,493		$	6,533,499
Individually Evaluated for Impairment		18,444			1,461			18,637			49			38,591
Collectively Evaluated for Impairment		2,494,781			531,731			3,403,952			64,444			6,494,908

Impaired Financing Receivables [Table Text Block]

	March 31, 2019
							For the three months ended March 31, 2019
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized in Period
	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	5,447	$	5,947	$	–	$	5,947	$	49
Real estate - construction		418		421		–		454		7
Real estate - mortgage:
Owner-occupied commercial		1,096		1,192		–		1,102		16
1-4 family mortgage		597		597		–		622		(1	)
Other mortgage		4,978		4,978		–		4,992		61
Total real estate - mortgage		6,671		6,767		–		6,716		76
Consumer		–		–		–		–		–
Total with no allowance recorded		12,536		13,135		–		13,117		132

With an allowance recorded:
Commercial, financial and agricultural		12,750		22,855		5,192		15,416		30
Real estate - construction		238		238		110		364		–
Real estate - mortgage:
Owner-occupied commercial		3,558		3,558		106		3,558		(1	)
1-4 family mortgage		1,253		1,253		301		1,253		–
Other mortgage		6,409		6,409		1,580		6,409		15
Total real estate - mortgage		11,220		11,220		1,987		11,220		14
Consumer		49		49		–		49		1
Total with allowance recorded		24,257		34,362		7,289		27,049		45

Total Impaired Loans:
Commercial, financial and agricultural		18,197		28,802		5,192		21,363		79
Real estate - construction		656		659		110		818		7
Real estate - mortgage:
Owner-occupied commercial		4,654		4,750		106		4,660		15
1-4 family mortgage		1,850		1,850		301		1,875		(1	)
Other mortgage		11,387		11,387		1,580		11,401		76
Total real estate - mortgage		17,891		17,987		1,987		17,936		90
Consumer		49		49		–		49		1
Total impaired loans	$	36,793	$	47,497	$	7,289	$	40,166	$	177

	December 31, 2018
							For the twelve months ended December 31, 2018
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized In Period
	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	6,064	$	6,064	$	–	$	6,142	$	237
Real estate - construction		464		467		–		524		28
Real estate - mortgage:
Owner-occupied commercial		1,763		1,947		–		2,223		120
1-4 family mortgage		1,071		1,071		–		1,088		21
Other mortgage		5,061		5,061		–		5,133		252
Total real estate - mortgage		7,895		8,079		–		8,444		393
Consumer		–		–		–		–		–
Total with no allowance recorded		14,423		14,610		–		15,110		658

With an allowance recorded:
Commercial, financial and agricultural		12,380		20,141		6,066		15,918		462
Real estate - construction		997		997		126		997		31
Real estate - mortgage:
Owner-occupied commercial		3,358		3,358		99		3,364		105
1-4 family mortgage		975		975		208		975		30
Other mortgage		6,409		6,409		1,580		6,598		217
Total real estate - mortgage		10,742		10,742		1,887		10,937		352
Consumer		49		49		49		49		3
Total with allowance recorded		24,168		31,929		8,128		27,901		848

Total Impaired Loans:
Commercial, financial and agricultural		18,444		26,205		6,066		22,060		699
Real estate - construction		1,461		1,464		126		1,521		59
Real estate - mortgage:
Owner-occupied commercial		5,121		5,305		99		5,587		225
1-4 family mortgage		2,046		2,046		208		2,063		51
Other mortgage		11,470		11,470		1,580		11,731		469
Total real estate - mortgage		18,637		18,821		1,887		19,381		745
Consumer		49		49		49		49		3
Total impaired loans	$	38,591	$	46,539	$	8,128	$	43,011	$	1,506