Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

v3.24.1.u1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 78,708 $ 123,430 [1]
Interest-bearing balances due from depository institutions 1,201,566 1,907,083 [1]
Federal funds sold 170,625 100,575 [1]
Cash and cash equivalents 1,450,899 2,131,088 [1]
Available-for-sale debt securities, at fair value 1,073,929 900,183 [1]
Held-to-maturity debt securities (fair value of $785,270 and $907,191, respectively) 867,696 982,664 [1]
Restricted equity securities 11,300 10,226 [1]
Mortgage loans held for sale 7,592 5,074 [1]
Loans 11,880,696 11,658,829 [1]
Less allowance for credit losses (155,892) (153,317) [1]
Net Loans 11,724,804 11,505,512 [1]
Premises and equipment, net 59,302 59,324 [1]
Accrued interest and dividends receivable 61,407 59,181 [1]
Deferred tax asset, net 60,292 62,918 [1]
Other real estate owned and repossessed assets 490 995 [1]
Bank owned life insurance contracts 294,786 292,759 [1]
Goodwill 13,615 13,615
Other assets 95,518 106,129 [1]
Total assets 15,721,630 16,129,668 [1]
Liabilities:    
Non-interest-bearing demand 2,627,639 2,643,101
Interest-bearing 10,123,809 10,630,410 [1]
Total deposits 12,751,448 13,273,511 [1]
Federal funds purchased 1,345,328 1,256,724 [1]
Other borrowings 64,737 64,735 [1]
Accrued interest and dividends payable 26,822 27,545
Other liabilities 57,259 66,748 [1]
Total liabilities 14,245,594 14,689,263 [1]
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at March 31, 2024 and December 31, 2023 0 0 [1]
Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,507,778 shares issued and outstanding at March 31, 2024; and 54,461,580 shares issued and outstanding at December 31, 2023 54 54 [1]
Additional paid-in capital 233,560 232,605 [1]
Retained earnings 1,288,514 1,254,841 [1]
Accumulated other comprehensive loss (46,592) (47,595)
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,475,536 1,439,905 [1]
Noncontrolling interest 500 500 [1]
Total stockholders' equity 1,476,036 1,440,405 [1]
Total liabilities and stockholders' equity $ 15,721,630 $ 16,129,668 [1]
[1] derived from audited financial statements.