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, 2020

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

	June 30,			December 31,
	2020			2019

	(Dollars In Thousands)
Commercial, financial and agricultural	$	3,498,627		$	2,696,210
Real estate - construction		544,586			521,392
Real estate - mortgage:
Owner-occupied commercial		1,634,495			1,587,478
1-4 family mortgage		665,883			644,188
Other mortgage		1,911,384			1,747,394
Subtotal: Real estate - mortgage		4,211,762			3,979,060
Consumer		60,400			64,789
Total Loans		8,315,375			7,261,451
Less: Allowance for loan losses		(91,507	)		(76,584	)
Net Loans	$	8,223,868		$	7,184,867


Commercial, financial and agricultural		42.07	%		37.13	%
Real estate - construction		6.55	%		7.18	%
Real estate - mortgage:
Owner-occupied commercial		19.66	%		21.86	%
1-4 family mortgage		8.00	%		8.87	%
Other mortgage		22.99	%		24.07	%
Subtotal: Real estate - mortgage		50.65	%		54.80	%
Consumer		0.73	%		0.89	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

			Special
June 30, 2020	Pass		Mention		Substandard		Doubtful		Total

	(In Thousands)
Commercial, financial and agricultural	$	3,388,928	$	46,582	$	63,117	$	-	$	3,498,627
Real estate - construction		540,898		3,100		588		-		544,586
Real estate - mortgage:
Owner-occupied commercial		1,619,718		10,887		3,890		-		1,634,495
1-4 family mortgage		661,070		3,508		1,305		-		665,883
Other mortgage		1,903,121		6,509		1,754		-		1,911,384
Total real estate mortgage		4,183,909		20,904		6,949		-		4,211,762
Consumer		60,299		92		9		-		60,400
Total	$	8,174,034	$	70,678	$	70,663	$	-	$	8,315,375

			Special
December 31, 2019	Pass		Mention		Substandard		Doubtful		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,629,487	$	46,176	$	20,547	$	-	$	2,696,210
Real estate - construction		512,373		4,731		4,288		-		521,392
Real estate - mortgage:
Owner-occupied commercial		1,555,283		18,240		13,955		-		1,587,478
1-4 family mortgage		639,959		2,787		1,442		-		644,188
Other mortgage		1,735,869		10,018		1,507		-		1,747,394
Total real estate mortgage		3,931,111		31,045		16,904		-		3,979,060
Consumer		64,789		-		-		-		64,789
Total	$	7,137,760	$	81,952	$	41,739	$	-	$	7,261,451

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

June 30, 2020	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	3,484,491	$	14,136	$	3,498,627
Real estate - construction		543,999		587		544,586
Real estate - mortgage:
Owner-occupied commercial		1,632,781		1,714		1,634,495
1-4 family mortgage		665,200		683		665,883
Other mortgage		1,906,523		4,861		1,911,384
Total real estate mortgage		4,204,504		7,258		4,211,762
Consumer		60,367		33		60,400
Total	$	8,293,361	$	22,014	$	8,315,375

December 31, 2019	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,681,280	$	14,930	$	2,696,210
Real estate - construction		519,803		1,589		521,392
Real estate - mortgage:
Owner-occupied commercial		1,576,652		10,826		1,587,478
1-4 family mortgage		641,875		2,313		644,188
Other mortgage		1,740,963		6,431		1,747,394
Total real estate mortgage		3,959,490		19,570		3,979,060
Consumer		64,766		23		64,789
Total	$	7,225,339	$	36,112	$	7,261,451

Financing Receivable, Past Due [Table Text Block]

June 30, 2020	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	$	273	$	4,437	$	248	$	4,958	$	13,888	$	3,479,781	$	3,498,627
Real estate - construction		116		-		-		116		587		543,883		544,586
Real estate - mortgage:
Owner-occupied commercial		-		442		-		442		1,714		1,632,339		1,634,495
1-4 family mortgage		80		-		-		80		683		665,120		665,883
Other mortgage		-		-		4,861		4,861		-		1,906,523		1,911,384
Total real estate - mortgage		80		442		4,861		5,383		2,397		4,203,982		4,211,762
Consumer		46		80		24		150		9		60,241		60,400
Total	$	515	$	4,959	$	5,133	$	10,607	$	16,881	$	8,287,887	$	8,315,375

December 31, 2019	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	$	3,135	$	344	$	201	$	3,680	$	14,729	$	2,677,801	$	2,696,210
Real estate - construction		830		-		-		830		1,589		518,973		521,392
Real estate - mortgage:
Owner-occupied commercial		917		7,242		-		8,159		10,826		1,568,493		1,587,478
1-4 family mortgage		1,638		567		873		3,078		1,440		639,670		644,188
Other mortgage		-		-		4,924		4,924		1,507		1,740,963		1,747,394
Total real estate - mortgage		2,555		7,809		5,797		16,161		13,773		3,949,126		3,979,060
Consumer		35		25		23		83		-		64,706		64,789
Total	$	6,555	$	8,178	$	6,021	$	20,754	$	30,091	$	7,210,606	$	7,261,451

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

	Commercial,
	financial and			Real estate -			Real estate -
	agricultural			construction			mortgage			Consumer			Total

	(In Thousands)
	Three Months Ended June 30, 2020
Allowance for loan losses:
Balance at March 31, 2020	$	48,780		$	3,757		$	32,360		$	517		$	85,414
Charge-offs		(1,358	)		(376	)		(2,520	)		(62	)		(4,316	)
Recoveries		84			1			13			28			126
Provision		480			1,149			8,546			108			10,283
Balance at June 30, 2020	$	47,986		$	4,531		$	38,399		$	591		$	91,507

	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

	Six Months Ended June 30, 2020
Allowance for loan losses:
Balance at December 31, 2019	$	43,666		$	2,768		$	29,653		$	497		$	76,584
Charge-offs		(3,998	)		(830	)		(4,198	)		(120	)		(9,146	)
Recoveries		146			2			14			40			202
Provision		8,172			2,591			12,930			174			23,867
Balance at June 30, 2020	$	47,986		$	4,531		$	38,399		$	591		$	91,507

	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

	As of June 30, 2020
Allowance for loan losses:
Individually Evaluated for Impairment	$	9,344	$	201	$	209	$	-	$	9,754
Collectively Evaluated for Impairment		38,642		4,330		38,190		591		81,753

Loans:
Ending Balance	$	3,498,627	$	544,586	$	4,211,762	$	60,400	$	8,315,375
Individually Evaluated for Impairment		63,531		616		8,004		9		72,160
Collectively Evaluated for Impairment		3,435,096		543,970		4,203,758		60,391		8,243,215

	As of December 31, 2019
Allowance for loan losses:
Individually Evaluated for Impairment	$	6,085	$	86	$	3,633	$	-	$	9,804
Collectively Evaluated for Impairment		37,581		2,682		26,020		497		66,780

Loans:
Ending Balance	$	2,696,210	$	521,392	$	3,979,060	$	64,789	$	7,261,451
Individually Evaluated for Impairment		20,843		4,320		17,985		-		43,148
Collectively Evaluated for Impairment		2,675,367		517,072		3,961,075		64,789		7,218,303

Impaired Financing Receivables [Table Text Block]

							For the three months				For the six months
							ended June 30,				ended June 30,
	June 30, 2020						2020				2020
									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	$	30,371	$	30,371	$	-	$	30,939	$	122	$	31,433	$	531
Real estate - construction		29		32		-		33		-		34		1
Real estate - mortgage:
Owner-occupied commercial		2,942		3,038		-		3,048		49		3,058		91
1-4 family mortgage		654		654		-		655		4		506		5
Other mortgage		1,701		1,701		-		1,701		18		-		-
Total real estate - mortgage		5,297		5,393		-		5,404		71		3,564		96
Consumer		9		9		-		9		-		9		-
Total with no allowance recorded		35,706		35,805		-		36,385		193		35,040		628

With an allowance recorded:
Commercial, financial and agricultural		33,160		34,494		9,344		33,701		203		33,793		467
Real estate - construction		587		637		201		965		-		1,201		-
Real estate - mortgage:
Owner-occupied commercial		2,008		2,148		169		2,209		5		2,303		8
1-4 family mortgage		647		647		40		646		4		649		7
Other mortgage		52		52		-		52		1		104		3
Total real estate - mortgage		2,707		2,847		209		2,907		10		3,056		18
Consumer		-		-		-		-		-		-		-
Total with allowance recorded		36,454		37,978		9,754		37,573		213		38,050		485

Total Impaired Loans:
Commercial, financial and agricultural		63,531		64,865		9,344		64,640		325		65,226		998
Real estate - construction		616		669		201		998		-		1,235		1
Real estate - mortgage:
Owner-occupied commercial		4,950		5,186		169		5,257		54		5,361		99
1-4 family mortgage		1,301		1,301		40		1,301		8		1,155		12
Other mortgage		1,753		1,753		-		1,753		19		104		3
Total real estate - mortgage		8,004		8,240		209		8,311		81		6,620		114
Consumer		9		9		-		9		-		9		-
Total impaired loans	$	72,160	$	73,783	$	9,754	$	73,958	$	406	$	73,090	$	1,113

December 31, 2019
							For the twelve months
							ended December 31, 2019
			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	$	9,015	$	10,563	$	-	$	11,284	$	562
Real estate - construction		2,731		2,735		-		2,063		126
Real estate - mortgage:
Owner-occupied commercial		7,150		7,246		-		7,548		618
1-4 family mortgage		287		287		-		289		2
Other mortgage		-		-		-		-		-
Total real estate - mortgage		7,437		7,533		-		7,837		620
Consumer		-		-		-		-		-
Total with no allowance recorded		19,183		20,831		-		21,184		1,308

With an allowance recorded:
Commercial, financial and agricultural		11,828		19,307		6,085		19,714		395
Real estate - construction		1,589		1,589		86		1,614		27
Real estate - mortgage:
Owner-occupied commercial		7,888		11,028		2,456		13,627		301
1-4 family mortgage		1,153		1,153		176		1,157		1
Other mortgage		1,507		1,507		1,001		1,468		21
Total real estate - mortgage		10,548		13,688		3,633		16,252		323
Consumer		-		-		-		-		-
Total with allowance recorded		23,965		34,584		9,804		37,580		745

Total Impaired Loans:
Commercial, financial and agricultural		20,843		29,870		6,085		30,998		957
Real estate - construction		4,320		4,324		86		3,677		153
Real estate - mortgage:
Owner-occupied commercial		15,038		18,274		2,456		21,175		919
1-4 family mortgage		1,440		1,440		176		1,446		3
Other mortgage		1,507		1,507		1,001		1,468		21
Total real estate - mortgage		17,985		21,221		3,633		24,089		943
Consumer		-		-		-		-		-
Total impaired loans	$	43,148	$	55,415	$	9,804	$	58,764	$	2,053

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	Three Months Ended June 30, 2020						Six Months Ended June 30, 2020
			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		-	$	-	$	-		1	$	350	$	350
Real estate - construction		-		-		-		-		-		-
Real estate - mortgage:
Owner-occupied commercial		-		-		-		-		-		-
1-4 family mortgage		-		-		-		-		-		-
Other mortgage		-		-		-		-		-		-
Total real estate mortgage		-		-		-		-		-		-
Consumer		-		-		-		-		-		-
		-	$	-	$	-		1	$	350	$	350

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