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)

6 Months Ended

Jun. 30, 2019

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

	June 30, 2019			December 31, 2018
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,633,529		$	2,513,225
Real estate - construction		603,779			533,192
Real estate - mortgage:
Owner-occupied commercial		1,538,279			1,463,887
1-4 family mortgage		630,963			621,634
Other mortgage		1,496,512			1,337,068
Subtotal: Real estate - mortgage		3,665,754			3,422,589
Consumer		64,824			64,493
Total Loans		6,967,886			6,533,499
Less: Allowance for loan losses		(71,386	)		(68,600	)
Net Loans	$	6,896,500		$	6,464,899


Commercial, financial and agricultural		37.79	%		38.47	%
Real estate - construction		8.67	%		8.16	%
Real estate - mortgage:
Owner-occupied commercial		22.08	%		22.41	%
1-4 family mortgage		9.05	%		9.51	%
Other mortgage		21.48	%		20.46	%
Subtotal: Real estate - mortgage		52.61	%		52.39	%
Consumer		0.93	%		0.99	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

June 30, 2019	Pass		Special Mention		Substandard		Doubtful		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,560,336	$	53,434	$	19,759	$	-	$	2,633,529
Real estate - construction		596,007		5,802		1,970		-		603,779
Real estate - mortgage:
Owner-occupied commercial		1,512,146		11,818		14,315		-		1,538,279
1-4 family mortgage		627,829		1,191		1,943		-		630,963
Other mortgage		1,472,083		17,904		6,525		-		1,496,512
Total real estate mortgage		3,612,058		30,913		22,783		-		3,665,754
Consumer		64,775		49		-		-		64,824
Total	$	6,833,176	$	90,198	$	44,512	$	-	$	6,967,886

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]

June 30, 2019	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,617,692	$	15,837	$	2,633,529
Real estate - construction		603,541		238		603,779
Real estate - mortgage:
Owner-occupied commercial		1,534,721		3,558		1,538,279
1-4 family mortgage		628,494		2,469		630,963
Other mortgage		1,486,500		10,012		1,496,512
Total real estate mortgage		3,649,715		16,039		3,665,754
Consumer		64,799		25		64,824
Total	$	6,935,747	$	32,139	$	6,967,886

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]

June 30, 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	$	69	$	75	$	4,756	$	4,900	$	11,081	$	2,617,548	$	2,633,529
Real estate - construction		-		-		-		-		238		603,541		603,779
Real estate - mortgage:
Owner-occupied commercial		15,350		929		-		16,279		3,558		1,518,442		1,538,279
1-4 family mortgage		549		125		528		1,202		1,941		627,820		630,963
Other mortgage		1,543		-		4,990		6,533		5,022		1,484,957		1,496,512
Total real estate - mortgage		17,442		1,054		5,518		24,014		10,521		3,631,219		3,665,754
Consumer		24		4		25		53		-		64,771		64,824
Total	$	17,535	$	1,133	$	10,299	$	28,967	$	21,840	$	6,917,079	$	6,967,886

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 June 30, 2019
Allowance for loan losses:
Balance at March 31, 2019	$	39,459		$	3,595		$	26,711		$	442		$	70,207
Charge-offs		(3,610	)		-			(169	)		(63	)		(3,842	)
Recoveries		117			-			4			16			137
Provision		2,743			(176	)		2,237			80			4,884
Balance at June 30, 2019	$	38,709		$	3,419		$	28,783		$	475		$	71,386

	Three Months Ended June 30, 2018
Allowance for loan losses:
Balance at March 31, 2018	$	35,787		$	4,138		$	21,606		$	519		$	62,050
Charge-offs		(1,732	)		-			(440	)		(47	)		(2,219	)
Recoveries		173			97			2			15			287
Provision		1,950			(173	)		2,270			74			4,121
Balance at June 30, 2018	$	36,178		$	4,062		$	23,438		$	561		$	64,239

	Six Months Ended June 30, 2019
Allowance for loan losses:
Balance at December 31, 2018	$	39,016		$	3,522		$	25,508		$	554		$	68,600
Charge-offs		(6,647	)		-			(219	)		(281	)		(7,147	)
Recoveries		129			1			11			23			164
Provision		6,211			(104	)		3,483			179			9,769
Balance at June 30, 2019	$	38,709		$	3,419		$	28,783		$	475		$	71,386

	Six Months Ended June 30, 2018
Allowance for loan losses:
Balance at December 31, 2017	$	32,880		$	4,989		$	21,022		$	515		$	59,406
Charge-offs		(2,820	)		-			(821	)		(135	)		(3,776	)
Recoveries		177			104			44			24			349
Provision		5,941			(1,031	)		3,193			157			8,260
Balance at June 30, 2018	$	36,178		$	4,062		$	23,438		$	561		$	64,239

	As of June 30, 2019
Allowance for loan losses:
Individually Evaluated for Impairment	$	5,201		$	110		$	4,805		$	-		$	10,116
Collectively Evaluated for Impairment		33,508			3,309			23,978			475			61,270

Loans:
Ending Balance	$	2,633,529		$	603,779		$	3,665,754		$	64,824		$	6,967,886
Individually Evaluated for Impairment		19,783			2,004			23,903			-			45,690
Collectively Evaluated for Impairment		2,613,746			601,775			3,641,851			64,824			6,922,196

	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]

	June 30, 2019						For the three months ended June 30, 2019					For the six months ended June 30, 2019
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized in Period			Average Recorded Investment		Interest Income Recognized in Period

	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	1,769	$	1,769	$	-	$	1,769	$	20		$	1,769	$	52
Real estate - construction		416		420		-		420		6			437		13
Real estate - mortgage:
Owner-occupied commercial		1,083		1,179		-		1,184		16			1,143		33
1-4 family mortgage		472		472		-		475		-			487		-
Other mortgage		-		-		-		-		-			-		-
Total real estate - mortgage		1,555		1,651		-		1,659		16			1,630		33
Consumer		-		-		-		-		-			-		-
Total with no allowance recorded		3,740		3,840		-		3,848		42			3,836		98

With an allowance recorded:
Commercial, financial and agricultural		18,014		23,761		5,201		20,253		71			21,520		234
Real estate - construction		1,588		1,588		110		1,588		20			1,640		40
Real estate - mortgage:
Owner-occupied commercial		14,349		14,349		2,402		13,208		207			13,724		425
1-4 family mortgage		1,469		1,469		196		1,473		(1	)		1,475		1
Other mortgage		6,530		6,530		2,207		6,530		23			6,452		44
Total real estate - mortgage		22,348		22,348		4,805		21,211		229			21,651		470
Consumer		-		-		-		-		-			-		-
Total with allowance recorded		41,950		47,697		10,116		43,052		320			44,811		744

Total Impaired Loans:
Commercial, financial and agricultural		19,783		25,530		5,201		22,022		91			23,289		286
Real estate - construction		2,004		2,008		110		2,008		26			2,077		53
Real estate - mortgage:
Owner-occupied commercial		15,432		15,528		2,402		14,392		223			14,867		458
1-4 family mortgage		1,941		1,941		196		1,948		(1	)		1,962		1
Other mortgage		6,530		6,530		2,207		6,530		23			6,452		44
Total real estate - mortgage		23,903		23,999		4,805		22,870		245			23,281		503
Consumer		-		-		-		-		-			-		-
Total impaired loans	$	45,690	$	51,537	$	10,116	$	46,900	$	362		$	48,647	$	842

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

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	Three Months Ended June 30, 2019						Six Months Ended June 30, 2019
	Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural		1	$	2,742	$	2,742		1	$	2,742	$	2,742
Real estate - construction		-		-		-		-		-		-
Real estate - mortgage:
Owner-occupied commercial		-		-		-		-		-		-
1-4 family mortgage		-		-		-		-		-		-
Other mortgage		-		-		-		-		-		-
Total real estate mortgage		-		-		-		-		-		-
Consumer		-		-		-		-		-		-
		1	$	2,742	$	2,742		1	$	2,742	$	2,742

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018

	(In thousands)
Defaulted during the period, where modified in a TDR twelve months prior to default
Commercial, financial and agricultural	$	-	$	268	$	325	$	268
Real estate - construction		-		-		-		-
Real estate - mortgage:
Owner-occupied commercial		-		-		-		-
1-4 family mortgage		-		-		-		-
Other mortgage		-		-		-		-
Total real estate mortgage		-		-		-		-
Consumer		-		-		-		-
	$	-	$	268	$	325	$	268