ServisFirst Bancshares, Inc. Annual report pursuant to Section 13 and 15(d)

Note 15 - Other Operating Income and Expenses

12 Months Ended

Dec. 31, 2023

NOTE 15. OTHER OPERATING INCOME AND EXPENSES

The major components of other operating income and expense included in noninterest income and noninterest expense are as follows:

	Years Ended December 31,
	2023			2022			2021
	(In Thousands)
Other Operating Income
ATM fee income	$	(200	)	$	618		$	1,443
Mark to market interest rate cap derivative		48			6,960			1,013
Gain (loss) on sale of ORE		(28	)		501			(288	)
(Loss) gain on sale of fixed assets		-			(12	)		433
Death benefit of bank owned life insurance contracts		-			2,153			-
Merchant services fees		2,214			1,765			1,231
Other		1,002			676			832
Total other operating income	$	3,037		$	12,661		$	4,664

Other Operating Expenses
Other loan expenses	$	2,794			2,226			2,744
Customer and public relations		2,971			2,354			1,840
Sales and use tax		771			636			1,016
Write-down investment in tax credit partnerships		12,053			9,998			9,152
Telephone		597			568			453
Donations and contributions		651			749			544
Marketing		768			446			498
Supplies		705			612			504
Fraud and forgery losses		1,435			1,988			425
Directors fees		797			730			659
Postage		361			366			290
Other operational losses		449			2,777			144
Core processing deconverison expense		134			939			3,007
Privilege tax expense		4,300			1,869			950
Other		4,556			4,816			4,931
Total other operating expenses	$	33,342		$	31,075		$	27,157