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)

3 Months Ended

Mar. 31, 2024

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

	March 31,			December 31,
	2024			2023
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,834,102		$	2,823,986
Real estate - construction		1,546,716			1,519,619
Real estate - mortgage:
Owner-occupied commercial		2,377,042			2,257,163
1-4 family mortgage		1,284,888			1,249,938
Other mortgage		3,777,758			3,744,346
Subtotal: Real estate - mortgage		7,439,688			7,251,447
Consumer		60,190			63,777
Total Loans		11,880,696			11,658,829
Less: Allowance for credit losses		(155,892	)		(153,317	)
Net Loans	$	11,724,804		$	11,505,512


Commercial, financial and agricultural		23.85	%		24.22	%
Real estate - construction		13.02	%		13.03	%
Real estate - mortgage:
Owner-occupied commercial		20.01	%		19.36	%
1-4 family mortgage		10.81	%		10.72	%
Other mortgage		31.80	%		32.12	%
Subtotal: Real estate - mortgage		62.62	%		62.20	%
Consumer		0.51	%		0.55	%
Total Loans		100.00	%		100.00	%

Financing Receivable Based on Year of Origination [Table Text Block]

March 31, 2024	2024		2023		2022		2021		2020		Prior		Revolving		Revolving lines of credit converted to term loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	107,544	$	316,897	$	437,779	$	344,676	$	149,733	$	234,363	$	1,141,682	$	430	$	2,733,104
Special Mention		737		403		1,769		4,277		4,692		6,419		26,880		2		45,179
Substandard - accruing		501		1,364		-		385		427		27,406		5,176		-		35,259
Substandard -Non-accrual		-		3,575		226		2,385		206		11,786		2,382		-		20,560
Total Commercial, financial and agricultural	$	108,782	$	322,239	$	439,774	$	351,723	$	155,058	$	279,974	$	1,176,120	$	432	$	2,834,102
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	1,106	$	736	$	-	$	1,842

Real estate - construction
Pass	$	48,543	$	254,568	$	847,543	$	252,588	$	50,092	$	20,705	$	68,975	$	-	$	1,543,014
Special Mention		-		590		-		-		-		-		-		-		590
Substandard - accruing		-		-		1,997		-		-		973		-		-		2,970
Substandard -Non-accrual		-		-		34		-		-		-		-		108		142
Total Real estate - construction	$	48,543	$	255,158	$	849,574	$	252,588	$	50,092	$	21,678	$	68,975	$	108	$	1,546,716

Owner-occupied commercial
Pass	$	80,143	$	171,911	$	517,845	$	528,261	$	290,718	$	669,803	$	58,928	$	834	$	2,318,443
Special Mention		-		5,359		8,785		792		8,279		15,957		-		-		39,172
Substandard - accruing		-		1,333		-		6,847		-		2,506		-		-		10,686
Substandard -Non-accrual		-		-		-		-		-		8,741		-		-		8,741
Total Owner-occupied commercial	$	80,143	$	178,603	$	526,630	$	535,900	$	298,997	$	697,007	$	58,928	$	834	$	2,377,042

1-4 family mortgage
Pass	$	61,318	$	155,581	$	369,024	$	220,533	$	77,073	$	97,362	$	289,012	$	-	$	1,269,903
Special Mention		-		709		428		2,269		764		4,862		905		-		9,937
Substandard - accruing		-		-		-		-		-		424		117		-		541
Substandard -Non-accrual		-		156		433		1,000		643		1,475		800		-		4,507
Total 1-4 family mortgage	$	61,318	$	156,446	$	369,885	$	223,802	$	78,480	$	104,123	$	290,834	$	-	$	1,284,888
Current-period gross write-offs	$	-	$	-	$	-	$	62	$	-	$	-	$	5	$	-	$	67

Other mortgage
Pass	$	82,631	$	156,951	$	1,129,986	$	1,090,507	$	429,593	$	774,646	$	91,073	$	247	$	3,755,634
Special Mention		-		-		5,034		-		-		751		-		-		5,785
Substandard - accruing		-		-		4,958		660		-		10,215		-		-		15,833
Substandard -Non-accrual		-		-		-		-		-		506		-		-		506
Total Other mortgage	$	82,631	$	156,951	$	1,139,978	$	1,091,167	$	429,593	$	786,118	$	91,073	$	247	$	3,777,758

Consumer
Pass	$	1,102	$	21,705	$	3,467	$	4,377	$	1,662	$	3,849	$	24,028	$	-	$	60,190
Special Mention		-		-		-		-		-		-		-		-		-
Substandard - accruing		-		-		-		-		-		-		-		-		-
Total Consumer	$	1,102	$	21,705	$	3,467	$	4,377	$	1,662	$	3,849	$	24,028	$	-	$	60,190
Current-period gross write-offs	$	-	$	8	$	-	$	-	$	-	$	-	$	90	$	-	$	98

Total Loans
Pass	$	381,281	$	1,077,613	$	3,305,644	$	2,440,942	$	998,871	$	1,800,728	$	1,673,698	$	1,511	$	11,680,288
Special Mention		737		7,061		16,016		7,338		13,735		27,989		27,785		2		100,663
Substandard - accruing		501		2,697		6,955		7,892		427		41,524		5,293		-		65,289
Substandard -Non-accrual		-		3,731		693		3,385		849		22,508		3,182		108		34,456
Total Loans	$	382,519	$	1,091,102	$	3,329,308	$	2,459,557	$	1,013,882	$	1,892,749	$	1,709,958	$	1,621	$	11,880,696
Current-period gross write-offs	$	-	$	8	$	-	$	62	$	-	$	1,106	$	831	$	-	$	2,007

December 31, 2023	2023		2022		2021		2020		2019		Prior		Revolving		Revolving lines of credit converted to term loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	341,335	$	455,281	$	354,034	$	162,543	$	100,032	$	151,527	$	1,161,324	$	491	$	2,726,567
Special Mention		4,275		1,982		5,105		5,765		1,320		3,549		21,769		7		43,772
Substandard - accruing		1,410		-		2,830		368		9,501		27,962		4,360		-		46,431
Substandard -Non-accrual		-		2		767		206		-		3,336		2,905		-		7,216
Total Commercial, financial and agricultural	$	347,020	$	457,265	$	362,736	$	168,882	$	110,853	$	186,374	$	1,190,358	$	498	$	2,823,986
Current-period gross write-offs	$	1,213	$	4,690	$	2,531	$	779	$	4	$	2,014	$	1,998	$	-	$	13,229

Real estate - construction
Pass	$	216,745	$	874,903	$	283,012	$	49,668	$	4,866	$	16,558	$	72,156	$	-	$	1,517,908
Special Mention		589		-		-		-		-		-		-		-		589
Substandard - accruing		-		33		-		-		-		978		-		-		1,011
Substandard -Non-accrual		-		-		-		-		-		-		-		111		111
Total Real estate - construction	$	217,334	$	874,936	$	283,012	$	49,668	$	4,866	$	17,536	$	72,156	$	111	$	1,519,619
Current-period gross write-offs	$	-	$	-	$	19	$	-	$	-	$	-	$	-	$	89	$	108

Owner-occupied commercial
Pass	$	148,915	$	478,364	$	517,667	$	300,978	$	181,864	$	512,752	$	64,170	$	844	$	2,205,554
Special Mention		5,369		1,411		7,705		8,317		8,530		7,539		-		-		38,871
Substandard - accruing		1,358		-		-		-		-		4,292		-		-		5,650
Substandard -Non-accrual		-		-		-		-		2,329		4,759		-		-		7,088
Total Owner-occupied commercial	$	155,642	$	479,775	$	525,372	$	309,295	$	192,723	$	529,342	$	64,170	$	844	$	2,257,163
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	117	$	-	$	-	$	-	$	117

1-4 family mortgage
Pass	$	166,927	$	376,964	$	228,183	$	75,104	$	40,697	$	61,046	$	286,066	$	-	$	1,234,987
Special Mention		574		721		2,504		1,009		3,865		439		727		-		9,839
Substandard - accruing		-		-		-		-		-		425		261		-		686
Substandard -Non-accrual		155		380		741		572		877		901		800		-		4,426
Total 1-4 family mortgage	$	167,656	$	378,065	$	231,428	$	76,685	$	45,439	$	62,811	$	287,854	$	-	$	1,249,938
Current-period gross write-offs	$	-	$	40	$	-	$	-	$	-	$	14	$	-	$	-	$	54

Other mortgage
Pass	$	162,418	$	1,119,609	$	1,106,055	$	448,781	$	249,059	$	540,325	$	100,516	$	247	$	3,727,010
Special Mention		-		-		-		-		-		-		850		-		850
Substandard - accruing		-		4,975		-		-		-		11,005		-		-		15,980
Substandard -Non-accrual		-		-		-		-		130		376		-		-		506
Total Other mortgage	$	162,418	$	1,124,584	$	1,106,055	$	448,781	$	249,189	$	551,706	$	101,366	$	247	$	3,744,346
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Consumer
Pass	$	22,227	$	3,890	$	4,542	$	1,794	$	1,295	$	2,687	$	27,342	$	-	$	63,777
Special Mention		-		-		-		-		-		-		-		-		-
Substandard - accruing		-		-		-		-		-		-		-		-		-
Substandard -Non-accrual		-		-		-		-		-		-		-		-		-
Total Consumer	$	22,227	$	3,890	$	4,542	$	1,794	$	1,295	$	2,687	$	27,342	$	-	$	63,777
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	4	$	49	$	1,020	$	-	$	1,073

Total Loans
Pass	$	1,058,567	$	3,309,011	$	2,493,493	$	1,038,868	$	577,813	$	1,284,895	$	1,711,574	$	1,582	$	11,475,803
Special Mention		10,807		4,114		15,314		15,091		13,715		11,527		23,346		7		93,921
Substandard - accruing		2,768		5,008		2,830		368		9,501		44,662		4,621		-		69,758
Substandard -Non-accrual		155		382		1,508		778		3,336		9,372		3,705		111		19,347
Total Loans	$	1,072,297	$	3,318,515	$	2,513,145	$	1,055,105	$	604,365	$	1,350,456	$	1,743,246	$	1,700	$	11,658,829
Current-period gross write-offs	$	1,213	$	4,730	$	2,550	$	779	$	125	$	2,077	$	3,018	$	89	$	14,581

Financing Receivable, Credit Substitute, Credit Quality Indicator [Table Text Block]

March 31, 2024	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,813,190	$	20,912	$	2,834,102
Real estate - construction		1,546,574		142		1,546,716
Real estate - mortgage:
Owner-occupied commercial		2,368,301		8,741		2,377,042
1-4 family mortgage		1,280,381		4,507		1,284,888
Other mortgage		3,777,252		506		3,777,758
Total real estate - mortgage		7,425,934		13,754		7,439,688
Consumer		60,161		29		60,190
Total	$	11,845,859	$	34,837	$	11,880,696

December 31, 2023	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,816,599	$	7,387	$	2,823,986
Real estate - construction		1,519,508		111		1,519,619
Real estate - mortgage:
Owner-occupied commercial		2,250,074		7,089		2,257,163
1-4 family mortgage		1,243,603		6,335		1,249,938
Other mortgage		3,743,840		506		3,744,346
Total real estate - mortgage		7,237,517		13,930		7,251,447
Consumer		63,672		105		63,777
Total	$	11,637,296	$	21,533	$	11,658,829

Financing Receivable, Past Due [Table Text Block]

March 31, 2024	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	$	9,962	$	444	$	351	$	10,757	$	20,561	$	2,802,784	$	2,834,102	$	4,479
Real estate - construction		-		-		-		-		142		1,546,574		1,546,716		142
Real estate - mortgage:
Owner-occupied commercial		1,241		103		-		1,344		8,741		2,366,957		2,377,042		6,939
1-4 family mortgage		3,623		951		-		4,574		4,507		1,275,807		1,284,888		1,199
Other mortgage		-		-		-		-		506		3,777,252		3,777,758		506
Total real estate - mortgage		4,864		1,054		-		5,918		13,754		7,420,016		7,439,688		8,644
Consumer		115		74		29		218		-		59,972		60,190		-
Total	$	14,941	$	1,572	$	380	$	16,893	$	34,457	$	11,829,346	$	11,880,696	$	13,265

December 31, 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	$	3,418	$	3,718	$	170	$	7,306	$	7,217	$	2,809,463		2,823,986	$	5,028
Real estate - construction		-		34		-		34		111		1,519,474		1,519,619		-
Real estate - mortgage:
Owner-occupied commercial		-		-		-		-		7,089		2,250,074		2,257,163		7,089
1-4 family mortgage		540		4,920		1,909		7,369		4,426		1,238,143		1,249,938		1,224
Other mortgage		676		10,703		-		11,379		506		3,732,461		3,744,346		506
Total real estate - mortgage		1,216		15,623		1,909		18,748		12,021		7,220,678		7,251,447		8,819
Consumer		58		31		105		194		-		63,583		63,777		-
Total	$	4,692	$	19,406	$	2,184	$	26,282	$	19,349	$	11,613,198		11,658,829	$	13,847

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 March 31, 2024
Allowance for credit losses:
Balance at December 31, 2023	$	52,121		$	44,658		$	55,126		$	1,412		$	153,317
Charge-offs		(1,842	)		-			(67	)		(98	)		(2,007	)
Recoveries		199			-			6			9			214
Provision		544			1,031			2,575			218			4,368
Balance at March 31, 2024	$	51,022		$	45,689		$	57,640		$	1,541		$	155,892

	Three Months Ended March 31, 2023
Allowance for credit losses:
Balance at December 31, 2022	$	42,830		$	42,889		$	58,652		$	1,926		$	146,297
Charge-offs		(1,257	)		-			(26	)		(390	)		(1,673	)
Recoveries		128			3			1			11			143
Provision		1,193			(2,409	)		4,530			883			4,197
Balance at March 31, 2023	$	42,894		$	40,483		$	63,157		$	2,430		$	148,964

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

			Accounts								ACL
March 31, 2024	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	18,467	$	3,834	$	3,673	$	29,841	$	55,815	$	15,495
Real estate - construction		2,142		-		-		972		3,114		-
Real estate - mortgage:
Owner-occupied commercial		19,476		-		-		-		19,476		241
1-4 family mortgage		15,542		-		-		-		15,542		1,580
Other mortgage		5,808		-		-		-		5,808		568
Total real estate - mortgage		40,826		-		-		-		40,826		2,389
Consumer		-		-		-		-		-		-
Total	$	61,435	$	3,834	$	3,673	$	30,813	$	99,755	$	17,884

			Accounts								ACL
December 31, 2023	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	20,266	$	7,240	$	2,126	$	24,016	$	53,648	$	16,189
Real estate - construction		145		-		-		978		1,123		1
Real estate - mortgage:
Owner-occupied commercial		12,038		-		-		698		12,736		475
1-4 family mortgage		15,694		-		-		-		15,694		1,058
Other mortgage		5,062		-		-		800		5,862		603
Total real estate - mortgage		32,794		-		-		1,498		34,292		2,136
Consumer		-		-		-		-		-		-
Total	$	53,205	$	7,240	$	2,126	$	26,492	$	89,063	$	18,326

Financing Receivable, Modified [Table Text Block]

	Three Months Ended March 31, 2024
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)

Commercial, financial and agricultural	$	5,568	$	-	$	5,568		0.05	%
Real estate - construction		973		-		973		0.01	%
Owner-occupied commercial		1,501		-		1,501		0.01	%
1-4 family mortgage		424		-		424		-	%
Other mortgage		9,913		-		9,913		0.08	%
Total	$	18,379	$	-	$	18,379		0.15	%

	Three Months Ended March 31, 2023
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)

Commercial, financial and agricultural	$	28,335	$	-	$	28,335		0.24	%
Owner-occupied commercial		23		701		724		0.01	%
1-4 family mortgage		214		-		214		-	%
Other mortgage		11,254		359		11,613		0.10	%
Total	$	39,827	$	1,060	$	40,886		0.35	%

	Three Months Ended March 31, 2024
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		1 to 6	$	-
Real estate - construction		12		-
Owner-occupied commercial		12		-
1-4 family mortgage		12		-
Other mortgage		11		-

	Three Months Ended March 31, 2023
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3 to 12	$	-
Real estate - construction		6		-
Owner-occupied commercial		3 to 18		49
1-4 family mortgage		3		-
Other mortgage		3 to 36		59