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, 2023

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

	June 30,			December 31,
	2023			2022
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,986,453		$	3,145,317
Real estate - construction		1,397,732			1,532,388
Real estate - mortgage:
Owner-occupied commercial		2,294,002			2,199,280
1-4 family mortgage		1,167,238			1,146,831
Other mortgage		3,686,434			3,597,750
Subtotal: Real estate - mortgage		7,147,674			6,943,861
Consumer		73,035			66,402
Total Loans		11,604,894			11,687,968
Less: Allowance for credit losses		(152,272	)		(146,297	)
Net Loans	$	11,452,622		$	11,541,671


Commercial, financial and agricultural		25.73	%		26.91	%
Real estate - construction		12.04	%		13.11	%
Real estate - mortgage:
Owner-occupied commercial		19.77	%		18.82	%
1-4 family mortgage		10.06	%		9.81	%
Other mortgage		31.77	%		30.78	%
Subtotal: Real estate - mortgage		61.59	%		59.41	%
Consumer		0.63	%		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
Pass	$	188,322	$	452,817	$	274,416	$	175,236	$	232,062	$	524,756	$	1,031,315	$	5,827	$	2,884,751
Special Mention		1,209		2,018		5,105		6,327		1,969		13,801		17,946		-		48,375
Substandard - accruing		-		-		-		374		10,853		24,514		9,783		-		45,524
Substandard -Non-accrual		-		452		146		-		2,101		3,211		1,894		-		7,804
Total Commercial, financial and agricultural	$	189,531	$	455,287	$	279,667	$	181,937	$	246,985	$	566,282	$	1,060,937	$	5,827	$	2,986,453
Current-period gross charge-offs		-		4,677		-		-		-		446		492		-		5,615

Real estate - construction
Pass	$	50,354	$	646,738	$	235,612	$	36,480	$	7,935	$	17,850	$	401,532	$	-	$	1,396,501
Special Mention		-		-		-		-		-		200		19		-		219
Substandard - accruing		-		-		-		-		-		1,011		1		-		1,012
Total Real estate - construction	$	50,354	$	646,738	$	235,612	$	36,480	$	7,935	$	19,061	$	401,552	$	-	$	1,397,732

Owner-occupied commercial
Pass	$	27,570	$	362,863	$	208,803	$	306,095	$	188,247	$	384,494	$	768,636	$	1,741	$	2,248,449
Special Mention		5,386		1,187		840		7,715		8,679		2,816		6,851		-		33,474
Substandard - accruing		-		-		-		-		-		3,498		3,074		-		6,572
Substandard -Non-accrual		-		-		-		-		2,332		-		3,175		-		5,507
Total Owner-occupied commercial	$	32,956	$	364,050	$	209,643	$	313,810	$	199,258	$	390,808	$	781,736	$	1,741	$	2,294,002
Current-period gross charge-offs		-		-		-		-		117		-		-		-		117

1-4 family mortgage
Pass	$	46,213	$	391,730	$	209,540	$	96,218	$	63,229	$	121,505	$	224,137	$	69	$	1,152,641
Special Mention		-		4,710		1,080		1,193		237		1,204		2,108		-		10,532
Substandard - accruing		-		-		-		-		3		541		442		-		986
Substandard -Non-accrual		-		-		422		733		1,152		773		-		-		3,080
Total 1-4 family mortgage	$	46,213	$	396,440	$	211,042	$	98,144	$	64,621	$	124,023	$	226,686	$	69	$	1,167,238
Current-period gross charge-offs		-		40		-		-		-		-		-		-		40

Other mortgage
Pass	$	23,499	$	881,657	$	444,982	$	397,700	$	260,033	$	414,557	$	1,234,081	$	12,321	$	3,668,830
Special Mention		-		-		-		-		-		1,050		4,431		-		5,482
Substandard - accruing		-		236		-		-		-		11,380		-		-		11,616
Substandard -Non-accrual		-		-		-		-		130		376		-		-		506
Total Other mortgage	$	23,499	$	881,893	$	444,982	$	397,700	$	260,163	$	427,363	$	1,238,513	$	12,321	$	3,686,434

Consumer
Pass	$	23,293	$	12,787	$	1,242	$	4,428	$	2,206	$	6,463	$	22,607	$	-	$	73,026
Special Mention		-		-		-		-		-		-		9		-		9
Substandard - accruing		-		-		-		-		-		-		-		-		-
Total Consumer	$	23,293	$	12,787	$	1,242	$	4,428	$	2,206	$	6,463	$	22,616	$	-	$	73,035
Current-period gross charge-offs		-		-		-		-		-		-		501		-		501

Total Loans
Pass	$	359,251	$	2,748,592	$	1,374,595	$	1,016,157	$	753,712	$	1,469,625	$	3,682,308	$	19,958	$	11,424,198
Special Mention		6,595		7,915		7,025		15,235		10,885		19,071		31,364		-		98,090
Substandard - accruing		-		236		-		374		10,856		40,947		13,296		-		65,709
Substandard -Non-accrual		-		452		568		733		5,716		4,360		5,069		-		16,897
Total Loans	$	365,846	$	2,757,195	$	1,382,188	$	1,032,499	$	781,169	$	1,534,003	$	3,732,037	$	19,958	$	11,604,894
Current-period gross charge-offs	$	-	$	4,717	$	-	$	-	$	117	$	446	$	993	$	-	$	6,273

													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]

June 30, 2023	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,978,515	$	7,938	$	2,986,453
Real estate - construction		1,397,732		-		1,397,732
Real estate - mortgage:
Owner-occupied commercial		2,288,496		5,506		2,294,002
1-4 family mortgage		1,162,842		4,396		1,167,238
Other mortgage		3,681,497		4,937		3,686,434
Total real estate mortgage		7,132,835		14,839		7,147,674
Consumer		72,968		67		73,035
Total	$	11,582,050	$	22,844	$	11,604,894

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]

June 30, 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	$	3,280	$	596	$	142	$	4,018	$	7,796	$	2,974,639	$	2,986,453	$	3,815
Real estate - construction		-		19		-		19		-		1,397,713		1,397,732		-
Real estate - mortgage:
Owner-occupied commercial		2,279		670		-		2,949		5,506		2,285,547		2,294,002		5,505
1-4 family mortgage		1,356		3,274		1,307		5,937		3,089		1,158,212		1,167,238		109
Other mortgage		-		-		4,431		4,431		506		3,681,497		3,686,434		506
Total real estate - mortgage		3,635		3,944		5,738		13,317		9,101		7,125,256		7,147,674		6,120
Consumer		49		29		67		145		-		72,890		73,035		-
Total	$	6,964	$	4,588	$	5,947	$	17,499	$	16,897	$	11,570,498	$	11,604,894	$	9,935

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 June 30, 2023
Allowance for credit losses:
Balance at April 1, 2023	$	42,895		$	40,483		$	63,157		$	2,430		$	148,965
Charge-offs		(4,336	)		-			(131	)		(133	)		(4,600	)
Recoveries		1,232			-			-			21			1,253
Provision		3,674			(40	)		3,211			(191	)		6,654
Balance at June 30, 2023	$	43,465		$	40,443		$	66,237		$	2,127		$	152,272

	Three Months Ended June 30, 2022
Allowance for credit losses:
Balance at April 1, 2022	$	41,417		$	27,821		$	48,548		$	1,677		$	119,463
Charge-offs		(1,666	)		-			(23	)		(124	)		(1,813	)
Recoveries		1,217			-			-			13			1,230
Provision		642			8,172			268			426			9,507
Balance at June 30, 2022	$	41,610		$	35,993		$	48,793		$	1,992		$	128,387

	Six Months Ended June 30, 2023
Allowance for credit losses:
Balance at January 1, 2023	$	42,830		$	42,889		$	58,652		$	1,926		$	146,297
Charge-offs		(5,593	)		-			(157	)		(501	)		(6,273	)
Recoveries		1,360			3			1			32			1,396
Provision		4,868			(2,449	)		7,740			692			10,851
Balance at June 30, 2023	$	43,465		$	40,443		$	66,237		$	2,127		$	152,272

	Six Months Ended June 30, 2022
Allowance for credit losses:
Balance at January 1, 2022	$	41,869		$	26,994		$	45,829		$	1,968		$	116,660
Charge-offs		(4,240	)		-			(51	)		(199	)		(4,489	)
Recoveries		1,322			-			-			25			1,347
Provision		2,659			8,999			3,014			198			14,869
Balance at June 30, 2022	$	41,610		$	35,993		$	48,793		$	1,992		$	128,387

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

			Accounts								ACL
June 30, 2023	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	20,596	$	7,944	$	830	$	23,962	$	53,332	$	11,166
Real estate - construction		-		-		-		1,011		1,011		2
Real estate - mortgage:
Owner-occupied commercial		12,034		-		-		48		12,082		226
1-4 family mortgage		11,259		-		-		-		11,259		78
Other mortgage		4,850		-		-		-		4,850		385
Total real estate - mortgage		28,143		-		-		48		28,191		689
Consumer		-		-		-		-		-		-
Total	$	48,739	$	7,944	$	830	$	25,021	$	82,534	$	11,857

			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]

	Three months ended June 30, 2023
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)

Commercial, financial and agricultural	$	2,951	$	-	$	2,951		0.03	%
Owner-occupied commercial		2,511		-		2,511		0.02	%
Total	$	5,462	$	-	$	5,462		0.05	%

	Six months ended June 30, 2023
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)

Commercial, financial and agricultural	$	42,052	$	-	$	42,052		0.36	%
Real estate - construction		200		-		200		-	%
Owner-occupied commercial		11,703		701		12,404		0.11	%
1-4 family mortgage		214		-		214		-	%
Other mortgage		11,254		359		11,613		0.10	%
Total	$	65,423	$	1,060	$	66,483		0.57	%

	Three months ended June 30, 2023
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		9 to 65	$	-
Real estate - construction		-		-
Owner-occupied commercial		9 to 60		-
1-4 family mortgage		-		-
Other mortgage		-		-

	Six months ended June 30, 2023
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3 to 65	$	-
Real estate - construction		6		-
Owner-occupied commercial		3 to 60		49
1-4 family mortgage		3		-
Other mortgage		3 to 36		59