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, 2022

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

	March 31,			December 31,
	2022			2021
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,955,927		$	2,984,053
Real estate - construction		1,164,690			1,103,076
Real estate - mortgage:
Owner-occupied commercial		1,919,811			1,874,103
1-4 family mortgage		926,697			826,765
Other mortgage		2,869,158			2,678,084
Subtotal: Real estate - mortgage		5,715,666			5,378,952
Consumer		62,674			66,853
Total Loans		9,898,957			9,532,934
Less: Allowance for credit losses		(119,463	)		(116,660	)
Net Loans	$	9,779,494		$	9,416,274


Commercial, financial and agricultural		29.86	%		31.30	%
Real estate - construction		11.77	%		11.57	%
Real estate - mortgage:
Owner-occupied commercial		19.39	%		19.66	%
1-4 family mortgage		9.36	%		8.67	%
Other mortgage		28.99	%		28.10	%
Subtotal: Real estate - mortgage		57.74	%		56.43	%
Consumer		0.63	%		0.70	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

													Revolving
	2022		2021		2020		2019		2018		Prior		Loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	140,149	$	657,397	$	269,415	$	180,675	$	120,063	$	212,701	$	1,283,888	$	2,864,288
Special Mention		-		935		1,325		695		20		1,750		23,487		28,212
Substandard		-		295		702		9,955		526		8,768		43,181		63,427
Total Commercial, financial and agricultural	$	140,149	$	658,627	$	271,442	$	191,325	$	120,609	$	223,219	$	1,350,556	$	2,955,927

Real estate - construction
Pass	$	95,286	$	645,872	$	231,563	$	69,614	$	13,804	$	30,519	$	73,375	$	1,160,033
Special Mention		-		-		-		-		2,500		917		-		3,417
Substandard		-		-		-		-		1,240		-		-		1,240
Total Real estate - construction	$	95,286	$	645,872	$	231,563	$	69,614	$	17,544	$	31,436	$	73,375	$	1,164,690

Owner-occupied commercial
Pass	$	94,900	$	454,961	$	350,982	$	225,994	$	174,338	$	543,117	$	61,812	$	1,906,104
Special Mention		-		200		-		2,396		632		6,202		-		9,430
Substandard		-		218		-		-		-		4,059		-		4,277
Total Owner-occupied commercial	$	94,900	$	455,379	$	350,982	$	228,390	$	174,970	$	553,378	$	61,812	$	1,919,811

1-4 family mortgage
Pass	$	126,001	$	303,142	$	113,577	$	62,000	$	40,808	$	70,229	$	202,134	$	917,891
Special Mention		-		326		850		380		-		905		2,794		5,255
Substandard		-		-		252		859		235		1,092		1,113		3,551
Total 1-4 family mortgage	$	126,001	$	303,468	$	114,679	$	63,239	$	41,043	$	72,226	$	206,041	$	926,697

Other mortgage
Pass	$	220,057	$	928,191	$	501,880	$	408,445	$	162,634	$	565,459	$	61,886	$	2,848,552
Special Mention		-		-		-		130		376		7,334		-		7,840
Substandard		-		-		-		-		4,473		8,293		-		12,766
Total Other mortgage	$	220,057	$	928,191	$	501,880	$	408,575	$	167,483	$	581,086	$	61,886	$	2,869,158

Consumer
Pass	$	3,056	$	9,069	$	4,396	$	2,253	$	662	$	4,131	$	39,087	$	62,654
Special Mention		-		-		-		-		-		20		-		20
Substandard		-		-		-		-		-		-		-		-
Total Consumer	$	3,056	$	9,069	$	4,396	$	2,253	$	662	$	4,151	$	39,087	$	62,674

Total Loans
Pass	$	679,449	$	2,998,632	$	1,471,813	$	948,981	$	512,309	$	1,426,156	$	1,722,182	$	9,759,522
Special Mention		-		1,461		2,175		3,601		3,528		17,128		26,281		54,174
Substandard		-		513		954		10,814		6,474		22,212		44,294		85,261
Total Loans	$	679,449	$	3,000,606	$	1,474,942	$	963,396	$	522,311	$	1,465,496	$	1,792,757	$	9,898,957

													Revolving
	2021		2020		2019		2018		2017		Prior		Loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	800,822	$	294,841	$	209,086	$	130,579	$	114,870	$	127,572	$	1,216,153	$	2,893,923
Special Mention		1,245		1,323		942		846		915		784		19,801		25,856
Substandard		-		387		10,039		1,741		1,501		7,966		42,640		64,274
Total Commercial, financial and agricultural	$	802,067	$	296,551	$	220,067	$	133,166	$	117,286	$	136,322	$	1,278,594	$	2,984,053

Real estate - construction
Pass	$	597,497	$	260,723	$	110,671	$	16,452	$	13,704	$	17,356	$	76,662	$	1,093,065
Special Mention		-		-		6,594		2,500		-		917		-		10,011
Substandard		-		-		-		-		-		-		-		-
Total Real estate - construction	$	597,497	$	260,723	$	117,265	$	18,952	$	13,704	$	18,273	$	76,662	$	1,103,076

Owner-occupied commercial
Pass	$	406,473	$	352,642	$	231,197	$	182,812	$	162,648	$	430,638	$	96,860	$	1,863,270
Special Mention		101		-		2,417		779		476		2,688		-		6,461
Substandard		-		-		-		-		-		4,372		-		4,372
Total Owner-occupied commercial	$	406,574	$	352,642	$	233,614	$	183,591	$	163,124	$	437,698	$	96,860	$	1,874,103

1-4 family mortgage
Pass	$	299,686	$	117,579	$	68,044	$	46,954	$	37,374	$	37,970	$	210,338	$	817,945
Special Mention		-		1,000		517		116		260		912		3,033		5,838
Substandard		-		150		593		241		231		611		1,156		2,982
Total 1-4 family mortgage	$	299,686	$	118,729	$	69,154	$	47,311	$	37,865	$	39,493	$	214,527	$	826,765

Other mortgage
Pass	$	882,849	$	481,012	$	411,426	$	174,700	$	272,555	$	353,621	$	81,202	$	2,657,365
Special Mention		-		-		130		376		2,720		4,656		-		7,882
Substandard		-		-		-		4,497		8,340		-		-		12,837
Total Other mortgage	$	882,849	$	481,012	$	411,556	$	179,573	$	283,615	$	358,277	$	81,202	$	2,678,084

Consumer
Pass	$	16,303	$	4,845	$	2,896	$	983	$	903	$	3,649	$	37,250	$	66,829
Special Mention		-		-		-		-		-		24		-		24
Substandard		-		-		-		-		-		-		-		-
Total Consumer	$	16,303	$	4,845	$	2,896	$	983	$	903	$	3,673	$	37,250	$	66,853

Total Loans
Pass	$	3,003,630	$	1,511,642	$	1,033,320	$	552,480	$	602,054	$	970,806	$	1,718,465	$	9,392,397
Special Mention		1,346		2,323		10,600		4,617		4,371		9,981		22,834		56,072
Substandard		-		537		10,632		6,479		10,072		12,949		43,796		84,465
Total Loans	$	3,004,976	$	1,514,502	$	1,054,552	$	563,576	$	616,497	$	993,736	$	1,785,095	$	9,532,934

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

March 31, 2022	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,947,094	$	8,833	$	2,955,927
Real estate - construction		1,164,690		-		1,164,690
Real estate - mortgage:
Owner-occupied commercial		1,916,539		3,272		1,919,811
1-4 family mortgage		924,957		1,740		926,697
Other mortgage		2,863,594		5,564		2,869,158
Total real estate - mortgage		5,705,090		10,576		5,715,666
Consumer		62,659		15		62,674
Total	$	9,879,533	$	19,424	$	9,898,957

December 31, 2021	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,979,671	$	4,382	$	2,984,053
Real estate - construction		1,103,076		-		1,103,076
Real estate - mortgage:
Owner-occupied commercial		1,873,082		1,021		1,874,103
1-4 family mortgage		824,756		2,009		826,765
Other mortgage		2,673,428		4,656		2,678,084
Total real estate - mortgage		5,371,266		7,686		5,378,952
Consumer		66,824		29		66,853
Total	$	9,520,837	$	12,097	$	9,532,934

Financing Receivable, Past Due [Table Text Block]

March 31, 2022	Past Due Status (Accruing Loans)
							Total Past		Total						Nonaccrual
	30-59 Days		60-89 Days		90+ Days		Due		Nonaccrual		Current		Total Loans		With No ACL
	(In Thousands)
Commercial, financial and agricultural	$	1,982	$	495	$	38	$	2,515	$	8,795	$	2,944,617	$	2,955,927	$	6,784
Real estate - construction		917		-		-		917		-		1,163,773		1,164,690		-
Real estate - mortgage:
Owner-occupied commercial		632		-		-		632		3,272		1,915,907		1,919,811		3,272
1-4 family mortgage		658		163		-		821		1,740		924,136		926,697		432
Other mortgage		-		-		4,633		4,633		931		2,863,594		2,869,158		-
Total real estate - mortgage		1,290		163		4,633		6,086		5,943		5,703,637		5,715,666		3,704
Consumer		61		44		15		120		-		62,554		62,674		-
Total	$	4,250	$	702	$	4,686	$	9,638	$	14,738	$	9,874,581	$	9,898,957	$	10,488

December 31, 2021	Past Due Status (Accruing Loans)
							Total Past		Total						Nonaccrual
	30-59 Days		60-89 Days		90+ Days		Due		Nonaccrual		Current		Total Loans		With No ACL
	(In Thousands)
Commercial, financial and agricultural	$	516	$	77	$	39	$	632	$	4,343	$	2,979,078	$	2,984,053	$	2,059
Real estate - construction		-		-		-		-		-		1,103,076		1,103,076		-
Real estate - mortgage:
Owner-occupied commercial		143		-		-		143		1,021		1,872,939		1,874,103		1,021
1-4 family mortgage		-		703		611		1,314		1,398		824,053		826,765		483
Other mortgage		-		-		4,656		4,656		-		2,673,428		2,678,084		-
Total real estate - mortgage		143		703		5,267		6,113		2,419		5,370,420		5,378,952		1,504
Consumer		93		23		29		145		-		66,708		66,853		-
Total	$	752	$	803	$	5,335	$	6,890	$	6,762	$	9,519,282	$	9,532,934	$	3,563

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 March 31, 2022
Allowance for credit losses:
Balance at January 1, 2022	$	41,869		$	26,994	$	45,829		$	1,968		$	116,660
Charge-offs		(2,574	)		-		(27	)		(75	)		(2,676	)
Recoveries		105			-		12			-			117
Provision		2,017			827		2,734			(216	)		5,362
Balance at March 31, 2022	$	41,417		$	27,821	$	48,548		$	1,677		$	119,463

	Three Months Ended March 31, 2021
Allowance for credit losses:
Balance at January 1, 2021	$	36,370		$	16,057	$	33,722		$	1,793		$	87,942
Charge-offs		(477	)		-		(12	)		(87	)		(576	)
Recoveries		26			50		1			12			89
Provision		2,313			3,284		1,896			(42	)		7,451
Balance at March 31, 2021	$	38,232		$	19,391	$	35,607		$	1,676		$	94,906

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

			Accounts								ACL
March 31, 2022	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	12,332	$	5,132	$	17,864	$	28,097	$	63,425	$	9,503
Real estate - construction		-		-		-		1,240		1,240		-
Real estate - mortgage:
Owner-occupied commercial		4,279		-		-		-		4,279		1,484
1-4 family mortgage		3,551		-		-		-		3,551		285
Other mortgage		12,771		-		-		-		12,771		629
Total real estate - mortgage		20,601		-		-		-		20,601		2,398
Consumer		-		-		-		-		-		-
Total	$	32,933	$	5,132	$	17,864	$	29,337	$	85,266	$	11,901

			Accounts								ACL
December 31, 2021	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	13,067	$	5,075	$	18,533	$	27,599	$	64,274	$	9,727
Real estate - construction		-		-		-		-		-		-
Real estate - mortgage:
Owner-occupied commercial		4,372		-		-		-		4,372		1,371
1-4 family mortgage		2,982		-		-		-		2,982		163
Other mortgage		12,837		-		-		-		12,837		31
Total real estate - mortgage		20,191		-		-		-		20,191		1,565
Consumer		-		-		-		-		-		-
Total	$	33,258	$	5,075	$	18,533	$	27,599	$	84,465	$	11,292

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	Three Months Ended March 31, 2021
			Pre-		Post-
			Modification		Modification
			Outstanding		Outstanding
	Number of		Recorded		Recorded
	Contracts		Investment		Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural		2	$	1,155	$	1,155
Real estate - construction		-		-		-
Real estate - mortgage:
Owner-occupied commercial		1		991		991
1-4 family mortgage		-		-		-
Other mortgage		-		-		-
Total real estate mortgage		1		991		991
Consumer		-		-		-
		3	$	2,146	$	2,146