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)

9 Months Ended

Sep. 30, 2023

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

	September 30,			December 31,
	2023			2022

	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,890,535		$	3,145,317
Real estate - construction		1,509,937			1,532,388
Real estate - mortgage:
Owner-occupied commercial		2,237,684			2,199,280
1-4 family mortgage		1,170,099			1,146,831
Other mortgage		3,766,124			3,597,750
Subtotal: Real estate - mortgage		7,173,907			6,943,861
Consumer		66,751			66,402
Total Loans		11,641,130			11,687,968
Less: Allowance for credit losses		(152,247	)		(146,297	)
Net Loans	$	11,488,883		$	11,541,671


Commercial, financial and agricultural		24.83	%		26.91	%
Real estate - construction		12.97	%		13.11	%
Real estate - mortgage:
Owner-occupied commercial		19.22	%		18.82	%
1-4 family mortgage		10.05	%		9.81	%
Other mortgage		32.36	%		30.78	%
Subtotal: Real estate - mortgage		61.63	%		59.41	%
Consumer		0.57	%		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	$	259,905	$	482,415	$	411,742	$	174,227	$	107,571	$	167,772	$	1,180,671	$	565	$	2,784,868
Special Mention		504		2,368		8,285		6,070		1,629		6,317		25,731		13		50,917
Substandard - accruing		1,457		-		409		372		9,501		28,642		5,718		-		46,099
Substandard -Non-accrual		-		475		914		485		-		3,147		3,630		-		8,651
Total Commercial, financial and agricultural	$	261,866	$	485,258	$	421,350	$	181,154	$	118,701	$	205,878	$	1,215,750	$	578	$	2,890,535
Current-period gross charge-offs		1,213		4,677		2,531		-		4		476		1,497		-		10,398

Real estate - construction
Pass	$	137,298	$	867,332	$	353,340	$	55,083	$	6,071	$	21,297	$	67,763	$	-	$	1,508,184
Special Mention		3		556		-		-		-		-		-		-		559
Substandard - accruing		-		-		-		-		-		994		-		-		994
Substandard -Non-accrual		-		-		-		-		-		-		-		200		200
Total Real estate - construction	$	137,301	$	867,888	$	353,340	$	55,083	$	6,071	$	22,291	$	67,763	$	200	$	1,509,937
Current-period gross charge-offs		-		-		19		-		-		-		-		-		19

Owner-occupied commercial
Pass	$	93,823	$	455,222	$	533,643	$	305,149	$	186,042	$	546,139	$	64,968	$	854	$	2,185,840
Special Mention		5,380		1,426		7,757		8,344		8,605		7,591		-		-		39,103
Substandard - accruing		1,383		-		-		-		-		4,353		-		-		5,736
Substandard -Non-accrual		-		-		-		-		2,329		4,676		-		-		7,005
Total Owner-occupied commercial	$	100,586	$	456,648	$	541,400	$	313,493	$	196,976	$	562,759	$	64,968	$	854	$	2,237,684
Current-period gross charge-offs		-		-		-		-		117		-		-		-		117

1-4 family mortgage
Pass	$	111,341	$	373,591	$	234,258	$	77,861	$	47,905	$	65,376	$	248,681	$	-	$	1,159,013
Special Mention		622		379		2,075		1,022		100		230		1,427		-		5,855
Substandard - accruing		-		-		-		-		-		429		253		-		682
Substandard -Non-accrual		-		903		976		729		763		1,178		-		-		4,549
Total 1-4 family mortgage	$	111,963	$	374,873	$	237,309	$	79,612	$	48,768	$	67,213	$	250,361	$	-	$	1,170,099
Current-period gross charge-offs		-		40		-		-		-		-		-		-		40

Other mortgage
Pass	$	86,069	$	1,105,884	$	1,116,900	$	498,233	$	282,615	$	562,626	$	100,756	$	247	$	3,753,330
Special Mention		-		-		-		-		-		-		1,050		-		1,050
Substandard - accruing		-		231		-		-		-		11,007		-		-		11,238
Substandard -Non-accrual		-		-		-		-		130		376		-		-		506
Total Other mortgage	$	86,069	$	1,106,115	$	1,116,900	$	498,233	$	282,745	$	574,009	$	101,806	$	247	$	3,766,124

Consumer
Pass	$	20,592	$	4,014	$	4,781	$	2,077	$	1,412	$	2,752	$	31,123	$	-	$	66,751
Special Mention		-		-		-		-		-		-		-		-		-
Substandard - accruing		-		-		-		-		-		-		-		-		-
Total Consumer	$	20,592	$	4,014	$	4,781	$	2,077	$	1,412	$	2,752	$	31,123	$	-	$	66,751
Current-period gross charge-offs		-		-		-		-		-		-		842		-		842

Total Loans
Pass	$	709,028	$	3,288,458	$	2,654,664	$	1,112,630	$	631,616	$	1,365,962	$	1,693,962	$	1,666	$	11,457,986
Special Mention		6,509		4,729		18,117		15,436		10,334		14,138		28,208		13		97,484
Substandard - accruing		2,840		231		409		372		9,501		45,425		5,971		-		64,749
Substandard -Non-accrual		-		1,378		1,890		1,214		3,222		9,377		3,630		200		20,911
Total Loans	$	718,377	$	3,294,796	$	2,675,080	$	1,129,652	$	654,673	$	1,434,902	$	1,731,771	$	1,879	$	11,641,130
Current-period gross charge-offs	$	1,213	$	4,717	$	2,550	$	-	$	121	$	476	$	2,339	$	-	$	11,416

													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]

September 30, 2023	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,881,861	$	8,674	$	2,890,535
Real estate - construction		1,509,737		200		1,509,937
Real estate - mortgage:
Owner-occupied commercial		2,230,678		7,006		2,237,684
1-4 family mortgage		1,164,055		6,044		1,170,099
Other mortgage		3,765,618		506		3,766,124
Total real estate mortgage		7,160,351		13,556		7,173,907
Consumer		66,578		173		66,751
Total	$	11,618,527	$	22,603	$	11,641,130

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]

September 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	$	2,810	$	105	$	24	$	2,939	$	8,650	$	2,878,946	$	2,890,535	$	4,564
Real estate - construction		511		-		-		511		200		1,509,226		1,509,937		8,320
Real estate - mortgage:
Owner-occupied commercial		95		-		-		95		7,006		2,230,583		2,237,684		6,841
1-4 family mortgage		2,786		26		1,495		4,307		4,549		1,161,243		1,170,099		874
Other mortgage		-		1,050		-		1,050		506		3,764,568		3,766,124		506
Total real estate - mortgage		2,881		1,076		1,495		5,452		12,061		7,156,394		7,173,907		8,221
Consumer		256		25		173		454		-		66,297		66,751		-
Total	$	6,458	$	1,206	$	1,692	$	9,356	$	20,911	$	11,610,863	$	11,641,130	$	21,105

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 September 30, 2023
Allowance for credit losses:
Balance at July 1, 2023	$	43,465		$	40,443		$	66,237		$	2,127		$	152,272
Charge-offs		(4,783	)		(19	)		-			(341	)		(5,143	)
Recoveries		825			-			-			11			836
Provision		6,454			(2,401	)		37			192			4,282
Balance at September 30, 2023	$	45,961		$	38,023		$	66,274		$	1,989		$	152,247

	Three Months Ended September 30, 2022
Allowance for credit losses:
Balance at July 1, 2022	$	41,610		$	35,992		$	48,793		$	1,992		$	128,387
Charge-offs		(2,902	)		-			(170	)		(260	)		(3,332	)
Recoveries		297			-			-			12			309
Provision		3,829			4,024			7,420			330			15,603
Balance at September 30, 2022	$	42,834		$	40,016		$	56,043		$	2,074		$	140,967

	Nine Months Ended September 30, 2023
Allowance for credit losses:
Balance at January 1, 2023	$	42,830		$	42,889		$	58,652		$	1,926		$	146,297
Charge-offs		(10,398	)		(19	)		(157	)		(842	)		(11,416	)
Recoveries		2,187			3			-			43			2,233
Provision		11,342			(4,850	)		7,779			862			15,133
Balance at September 30, 2023	$	45,961		$	38,023		$	66,274		$	1,989		$	152,247

	Nine Months Ended September 30, 2022
Allowance for credit losses:
Balance at January 1, 2022	$	41,869		$	26,994		$	45,829		$	1,968		$	116,660
Charge-offs		(7,141	)		-			(221	)		(459	)		(7,821	)
Recoveries		1,619			-			-			37			1,656
Provision		6,487			13,022			10,435			528			30,472
Balance at September 30, 2022	$	42,834		$	40,016		$	56,043		$	2,074		$	140,967

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

			Accounts								ACL
September 30, 2023	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	20,457	$	10,686	$	830	$	23,917	$	55,890	$	15,025
Real estate - construction		200		-		-		994		1,194		90
Real estate - mortgage:
Owner-occupied commercial		12,029		-		-		709		12,738		1.530
1-4 family mortgage		10,933		-		-		-		10,933		73
Other mortgage		5,944		-		-		-		5,944		411
Total real estate - mortgage		28,906		-		-		709		29,615		2,014
Consumer		-		-		-		-		-		-
Total	$	49,563	$	10,686	$	830	$	25,620	$	86,699	$	17,129

			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 September 30, 2023
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)

Commercial, financial and agricultural	$	25,339	$	-	$	25,339		0.22	%
Other mortgage		303		-		303		-	%
Total	$	25,642	$	-	$	25,642		0.22	%

	Nine Months Ended September 30, 2023
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)

Commercial, financial and agricultural	$	39,631	$	-	$	39,631		0.34	%
Real estate - construction		200		-		200		-	%
Owner-occupied commercial		15,208		-		15,208		0.13	%
Other mortgage		11,236		-		11,236		0.10	%
Total	$	66,275	$	-	$	66,275		0.57	%

	Three Months Ended September 30, 2023
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3 to 12	$	-
Real estate - construction		-		-
Owner-occupied commercial		3		-
1-4 family mortgage		-		-
Other mortgage		-		-

	Nine Months Ended September 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