Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 123,430 $ 106,317 [1]
Interest-bearing balances due from depository institutions 1,907,083 708,221 [1]
Federal funds sold 100,575 1,515 [1]
Cash and cash equivalents 2,131,088 816,053 [1]
Available-for-sale debt securities, at fair value 900,183 644,815 [1]
Held-to-maturity debt securities (fair value of $907,191 and $935,953, respectively) 982,664 1,034,121 [1]
Restricted equity securities 10,226 7,734 [1]
Mortgage loans held for sale 5,074 1,607 [1]
Loans 11,658,829 11,687,968 [1]
Less allowance for credit losses (153,317) (146,297) [1]
Net Loans 11,505,512 11,541,671 [1]
Premises and equipment, net 59,324 59,850 [1]
Accrued interest and dividends receivable 59,181 48,422 [1]
Deferred tax asset, net 62,918 60,448 [1]
Other real estate owned and repossessed assets 995 248 [1]
Bank owned life insurance contracts 292,759 287,752 [1]
Goodwill 13,615 13,615
Other assets 106,129 79,417 [1]
Total assets 16,129,668 14,595,753 [1]
Liabilities:    
Noninterest-bearing demand 2,643,101 3,321,347
Interest-bearing 10,630,410 8,225,458 [1]
Deposits, Total 13,273,511 11,546,805 [1]
Federal funds purchased 1,256,724 1,618,798 [1]
Other borrowings 64,735 64,726 [1]
Accrued interest and dividends payable 27,545 18,615
Other liabilities 66,748 48,913 [1]
Total liabilities 14,689,263 13,297,857 [1]
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at December 31, 2023 and December 31, 2022 0 0 [1]
Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,461,580 shares issued and outstanding at December 31, 2023; and 54,326,527 shares issued and outstanding at December 31, 2022 54 54 [1]
Additional paid-in capital 232,605 229,693 [1]
Retained earnings 1,254,841 1,109,902 [1]
Accumulated other comprehensive loss (47,595) (42,253)
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,439,905 1,297,396 [1]
Noncontrolling interest 500 500 [1]
Total stockholders' equity 1,440,405 1,297,896 [1]
Total liabilities and stockholders' equity $ 16,129,668 $ 14,595,753 [1]
[1] derived from audited financial statements.