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, 2023

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

	March 31,			December 31,
	2023			2022
	(Dollars In Thousands)
Commercial, financial and agricultural	$	3,081,926		$	3,145,317
Real estate - construction		1,469,670			1,532,388
Real estate - mortgage:
Owner-occupied commercial		2,243,436			2,199,280
1-4 family mortgage		1,138,645			1,146,831
Other mortgage		3,624,071			3,597,750
Subtotal: Real estate - mortgage		7,006,152			6,943,861
Consumer		72,054			66,402
Total Loans		11,629,802			11,687,968
Less: Allowance for credit losses		(148,965	)		(146,297	)
Net Loans	$	11,480,837		$	11,541,671


Commercial, financial and agricultural		26.50	%		26.91	%
Real estate - construction		12.64	%		13.11	%
Real estate - mortgage:
Owner-occupied commercial		19.29	%		18.82	%
1-4 family mortgage		9.79	%		9.81	%
Other mortgage		31.16	%		30.78	%
Subtotal: Real estate - mortgage		60.24	%		59.41	%
Consumer		0.62	%		0.57	%
Total Loans		100.00	%		100.00	%

Financing Receivable Based on Year of Origination [Table Text Block]

	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving lines of credit converted to term loans		Total
	(In Thousands)
Commercial, financial and agricultural
(1-55) Pass	$	160,551	$	540,101	$	471,521	$	208,825	$	136,657	$	192,509	$	1,252,905	$	699	$	2,963,768
(6) Special Mention		-		8,870		5,850		1,953		1,877		4,151		40,868		18		63,588
(7) Substandard - accruing		-		291		1,244		376		9,501		28,933		7,007		-		47,352
(7) Substandard -Non-accrual		-		697		146		-		-		3,345		3,030		-		7,219
Total Commercial, financial and agricultural	$	160,551	$	549,959	$	478,760	$	211,154	$	148,035	$	228,938	$	1,303,811	$	717	$	3,081,926
Current-period gross charge-offs		-		616		-		-		-		428		212		-		1,257

Real estate - construction
(1-55) Pass	$	37,212	$	661,294	$	556,953	$	105,265	$	4,761	$	21,591	$	77,837	$	-	$	1,464,913
(6) Special Mention		-		2,500		-		-		-		-		-		201		2,701
(7) Substandard - accruing		-		-		-		-		-		2,057		-		-		2,057
Total Real estate - construction	$	37,212	$	663,794	$	556,953	$	105,265	$	4,761	$	23,647	$	77,837	$	201	$	1,469,670

Owner-occupied commercial
(1-55) Pass	$	28,219	$	441,407	$	536,773	$	353,489	$	187,145	$	600,679	$	63,267	$	874	$	2,211,853
(6) Special Mention		1,496		2,349		856		-		7,909		6,391		1,601		-		20,601
(7) Substandard - accruing		-		-		-		-		2,358		5,237		-		-		7,595
(7) Substandard -Non-accrual		-		-		-		-		48		3,340		-		-		3,388
Total Owner-occupied commercial	$	29,715	$	443,756	$	537,629	$	353,489	$	197,461	$	615,647	$	64,867	$	874	$	2,243,436
Current-period gross charge-offs		-		-		-		-		26		-		-		-		26

1-4 family mortgage
(1-55) Pass	$	40,954	$	383,389	$	253,519	$	91,609	$	51,728	$	80,635	$	222,966	$	-	$	1,124,800
(6) Special Mention		-		414		365		808		261		1,576		7,469		-		10,893
(7) Substandard - accruing		-		-		-		-		139		516		253		-		908
(7) Substandard -Non-accrual		-		-		423		405		540		622		54		-		2,044
Total 1-4 family mortgage	$	40,954	$	383,803	$	254,307	$	92,822	$	52,668	$	83,349	$	230,742	$	-	$	1,138,645

Other mortgage
(1-55) Pass	$	31,821	$	1,075,262	$	1,011,383	$	515,230	$	316,995	$	581,406	$	75,148	$	246	$	3,607,491
(6) Special Mention		-		-		-		-		-		4,456		-		-		4,456
(7) Substandard - accruing		-		233		-		-		-		11,385		-		-		11,618
(7) Substandard -Non-accrual		-		-		-		-		130		376		-		-		506
Total Other mortgage	$	31,821	$	1,075,495	$	1,011,383	$	515,230	$	317,125	$	597,623	$	75,148	$	246	$	3,624,071

Consumer
(1-55) Pass	$	23,355	$	6,607	$	5,542	$	2,697	$	1,644	$	3,190	$	29,007	$	-	$	72,042
(6) Special Mention		-		-		-		-		-		12		-		-		12
(7) Substandard - accruing		-		-		-		-		-		-		-		-		-
Total Consumer	$	23,355	$	6,607	$	5,542	$	2,697	$	1,644	$	3,202	$	29,007	$	-	$	72,054
Current-period gross charge-offs		-		-		-		-		-		-		391		-		391

Total Loans
(1-55) Pass	$	322,112	$	3,108,059	$	2,835,691	$	1,277,114	$	698,931	$	1,480,009	$	1,721,129	$	1,819	$	11,444,866
(6) Special Mention		1,496		14,133		7,070		2,761		10,047		16,586		49,938		219		102,250
(7) Substandard - accruing		-		524		1,244		376		11,998		48,128		7,260		-		69,530
(7) Substandard -Non-accrual		-		697		570		405		718		7,683		3,084		-		13,157
Total Loans	$	323,608	$	3,123,414	$	2,844,575	$	1,280,656	$	721,694	$	1,552,406	$	1,781,412	$	2,038	$	11,629,802
Current-period gross charge-offs	$	-	$	616	$	-	$	-	$	26	$	428	$	603	$	-	$	1,673

													Revolving
	2022		2021		2020		2019		2018		Prior		Loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	691,817	$	502,648	$	223,096	$	144,587	$	78,477	$	134,893	$	1,267,333	$	3,042,851
Special Mention		6,906		3,737		1,101		1,748		570		898		29,516		44,476
Substandard		200		-		379		9,501		16,329		16,595		14,986		57,990
Total Commercial, financial and agricultural	$	698,923	$	506,385	$	224,576	$	155,836	$	95,376	$	152,386	$	1,311,835	$	3,145,317

Real estate - construction
Pass	$	618,578	$	638,126	$	156,834	$	15,197	$	12,063	$	14,847	$	72,172	$	1,527,817
Special Mention		2,500		-		-		-		-		873		-		3,373
Substandard		-		-		-		-		1,198		-		-		1,198
Total Real estate - construction	$	621,078	$	638,126	$	156,834	$	15,197	$	13,261	$	15,720	$	72,172	$	1,532,388

Owner-occupied commercial
Pass	$	424,321	$	496,298	$	352,375	$	199,987	$	157,204	$	477,926	$	64,152	$	2,172,263
Special Mention		2,362		-		-		2,723		4,682		6,917		1,687		18,371
Substandard		-		-		-		73		-		8,573		-		8,646
Total Owner-occupied commercial	$	426,683	$	496,298	$	352,375	$	202,783	$	161,886	$	493,416	$	65,839	$	2,199,280

1-4 family mortgage
Pass	$	388,778	$	273,515	$	93,272	$	52,209	$	28,999	$	57,512	$	243,302	$	1,137,587
Special Mention		315		445		816		375		294		881		2,854		5,980
Substandard		-		279		404		648		346		1,224		363		3,264
Total 1-4 family mortgage	$	389,093	$	274,239	$	94,492	$	53,232	$	29,639	$	59,617	$	246,519	$	1,146,831

Other mortgage
Pass	$	1,027,747	$	976,208	$	517,392	$	380,104	$	130,228	$	470,699	$	75,669	$	3,578,047
Special Mention		231		-		-		-		-		7,161		-		7,392
Substandard		-		-		-		130		4,569		7,612		-		12,311
Total Other mortgage	$	1,027,978	$	976,208	$	517,392	$	380,234	$	134,797	$	485,472	$	75,669	$	3,597,750

Consumer
Pass	$	21,132	$	5,845	$	4,203	$	1,759	$	440	$	2,988	$	30,021	$	66,388
Special Mention		-		-		-		-		-		14		-		14
Substandard		-		-		-		-		-		-		-		-
Total Consumer	$	21,132	$	5,845	$	4,203	$	1,759	$	440	$	3,002	$	30,021	$	66,402

Total Loans
Pass	$	3,172,373	$	2,892,640	$	1,347,172	$	793,843	$	407,411	$	1,158,865	$	1,752,649	$	11,524,953
Special Mention		12,314		4,182		1,917		4,846		5,546		16,744		34,057		79,606
Substandard		200		279		783		10,352		22,442		34,004		15,349		83,409
Total Loans	$	3,184,887	$	2,897,101	$	1,349,872	$	809,041	$	435,399	$	1,209,613	$	1,802,055	$	11,687,968

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

March 31, 2023	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	3,074,568	$	7,358	$	3,081,926
Real estate - construction		1,469,670		-		1,469,670
Real estate - mortgage:
Owner-occupied commercial		2,240,048		3,388		2,243,436
1-4 family mortgage		1,136,601		2,044		1,138,645
Other mortgage		3,619,109		4,962		3,624,071
Total real estate - mortgage		6,995,758		10,394		7,006,152
Consumer		71,973		81		72,054
Total	$	11,611,969	$	17,833	$	11,629,802

December 31, 2022	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	3,138,014	$	7,303	$	3,145,317
Real estate - construction		1,532,388		-		1,532,388
Real estate - mortgage:
Owner-occupied commercial		2,195,968		3,312		2,199,280
1-4 family mortgage		1,144,713		2,118		1,146,831
Other mortgage		3,592,732		5,018		3,597,750
Total real estate - mortgage		6,933,413		10,448		6,943,861
Consumer		66,312		90		66,402
Total	$	11,670,127	$	17,841	$	11,687,968

Financing Receivable, Past Due [Table Text Block]

March 31, 2023	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	$	1,023	$	1,153	$	139	$	2,315	$	7,219	$	3,072,392	$	3,081,926	$	1,014
Real estate - construction		-		-		-		-		-		1,469,670		1,469,670		-
Real estate - mortgage:
Owner-occupied commercial		3,030		370		-		3,400		3,388		2,236,648		2,243,436		3,222
1-4 family mortgage		5,998		558		-		6,556		2,044		1,130,045		1,138,645		177
Other mortgage		-		-		4,456		4,456		506		3,619,109		3,624,071		506
Total real estate - mortgage		9,028		928		4,456		14,412		5,938		6,985,802		7,006,152		3,905
Consumer		94		64		81		239		-		71,815		72,054		-
Total	$	10,145	$	2,145	$	4,676	$	16,966	$	13,157	$	11,599,679	$	11,629,802	$	4,919

December 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	$	1,075	$	409	$	195	$	1,679	$	7,108	$	3,136,530		3,145,317	$	3,238
Real estate - construction		-		711		-		711		-		1,531,677		1,532,388		-
Real estate - mortgage:
Owner-occupied commercial		83		452		-		535		3,312		2,195,433		2,199,280		57
1-4 family mortgage		405		580		594		1,579		1,524		1,143,728		1,146,831		491
Other mortgage		231		-		4,512		4,743		506		3,592,501		3,597,750		-
Total real estate - mortgage		719		1,032		5,106		6,857		5,342		6,931,662		6,943,861		548
Consumer		174		128		90		392		-		66,010		66,402		621
Total	$	1,968	$	2,280	$	5,391	$	9,639	$	12,450	$	11,665,879		11,687,968	$	4,407

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, 2023
Allowance for credit losses:
Balance at January 1, 2023	$	42,830		$	42,889		$	58,652		$	1,926		$	146,297
Charge-offs		(1,257	)		-			(26	)		(390	)		(1,673	)
Recoveries		128			3			1			11			143
Provision		1,193			(2,409	)		4,530			883			4,197
Balance at March 31, 2023	$	42,895		$	40,483		$	63,157		$	2,430		$	148,965

	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

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

			Accounts								ACL
March 31, 2023	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	21,757	$	7,468	$	831	$	24,524	$	54,580	$	10,558
Real estate - construction		872		-		-		1,184		2,056		5
Real estate - mortgage:
Owner-occupied commercial		10,935		-		-		48		10,983		207
1-4 family mortgage		3,746		-		-		-		3,746		291
Other mortgage		11,258		-		-		-		11,258		76
Total real estate - mortgage		25,939		-		-		48		25,987		574
Consumer		-		-		-		-		-		-
Total	$	48,568	$	7,468	$	831	$	25,756	$	82,623	$	11,137

			Accounts								ACL
December 31, 2022	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	20,061	$	12,092	$	837	$	24,998	$	57,988	$	9,910
Real estate - construction		-		-		-		1,198		1,198		7
Real estate - mortgage:
Owner-occupied commercial		8,573		-		-		74		8,647		154
1-4 family mortgage		3,260		-		-		-		3,260		316
Other mortgage		12,311		-		-		-		12,311		-
Total real estate - mortgage		24,144		-		-		74		24,218		470
Consumer		-		-		-		-		-		-
Total	$	44,205	$	12,092	$	837	$	26,270	$	83,404	$	10,387

Financing Receivable, Modified [Table Text Block]

			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)

Commercial, financial and agricultural	$	39,978	$	-	$	39,978		0.34	%
Real estate - construction		200		-		200		-	%
Owner-occupied commercial		9,215		701		9,916		0.09	%
1-4 family mortgage		214		-		214		-	%
Other mortgage		11,254		359		11,613		0.10	%
Total	$	60,861	$	1,060	$	61,921		0.53	%

	Term			Total Payment
	Extensions			Deferral
	(In months)			(In Thousands)
Commercial, financial and agricultural	3	to	12	$	-
Real estate - construction		6			-
Owner-occupied commercial	3	to	18		49
1-4 family mortgage		3			-
Other mortgage	3	to	36		59