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)

6 Months Ended

Jun. 30, 2024

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

	June 30,			December 31,
	2024			2023
	(Dollars In Thousands)

Commercial, financial and agricultural	$	2,935,577		$	2,823,986
Real estate - construction		1,510,677			1,519,619
Real estate - mortgage:
Owner-occupied commercial		2,399,644			2,257,163
1-4 family mortgage		1,350,428			1,249,938
Other mortgage		4,072,007			3,744,346
Subtotal: Real estate - mortgage		7,822,079			7,251,447
Consumer		64,447			63,777
Total Loans		12,332,780			11,658,829
Less: Allowance for credit losses		(158,092	)		(153,317	)
Net Loans	$	12,174,688		$	11,505,512


Commercial, financial and agricultural		23.80	%		24.22	%
Real estate - construction		12.25	%		13.03	%
Real estate - mortgage:
Owner-occupied commercial		19.46	%		19.36	%
1-4 family mortgage		10.95	%		10.72	%
Other mortgage		33.03	%		32.12	%
Subtotal: Real estate - mortgage		63.43	%		62.20	%
Consumer		0.52	%		0.55	%
Total Loans		100.00	%		100.00	%

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

June 30, 2024	2024		2023		2022		2021		2020		Prior		Revolving		Revolving lines of credit converted to term loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	390,883	$	219,953	$	404,844	$	323,452	$	102,767	$	222,767	$	1,167,822	$	370	$	2,832,858
Special Mention		699		376		1,740		4,995		4,092		6,358		22,752		-		41,012
Substandard - accruing		2,604		1,295		1,312		1,513		413		26,317		7,032		-		40,486
Substandard -Non-accrual		429		2,574		226		2,441		395		12,567		2,589		-		21,221
Total Commercial, financial and agricultural	$	394,615	$	224,198	$	408,122	$	332,401	$	107,667	$	268,009	$	1,200,195	$	370	$	2,935,577
Current-period gross write-offs	$	-	$	1,002	$	-	$	-	$	675	$	2,548	$	972	$	-	$	5,197

Real estate - construction
Pass	$	126,125	$	273,888	$	737,590	$	227,956	$	49,963	$	19,286	$	72,308	$	-	$	1,507,116
Special Mention		-		590		-		-		-		-		-		-		590
Substandard - accruing		-		-		1,998		-		-		973		-		-		2,971
Total Real estate - construction	$	126,125	$	274,478	$	739,588	$	227,956	$	49,963	$	20,259	$	72,308	$	-	$	1,510,677

Owner-occupied commercial
Pass	$	164,537	$	182,089	$	512,548	$	513,998	$	280,086	$	644,086	$	56,278	$	824	$	2,354,446
Special Mention		-		1,774		7,594		775		7,658		10,160		-		-		27,961
Substandard - accruing		-		417		1,158		6,797		-		2,460		-		-		10,832
Substandard -Non-accrual		-		-		-		-		-		6,405		-		-		6,405
Total Owner-occupied commercial	$	164,537	$	184,280	$	521,300	$	521,570	$	287,744	$	663,111	$	56,278	$	824	$	2,399,644
Current-period gross write-offs	$	-	$	-	$	-	$	100	$	-	$	-	$	-	$	-	$	100

1-4 family mortgage
Pass	$	154,079	$	148,882	$	357,692	$	210,230	$	73,716	$	92,343	$	297,858	$	-	$	1,334,800
Special Mention		-		549		258		2,477		913		4,214		1,176		-		9,587
Substandard - accruing		-		-		-		-		-		420		293		-		713
Substandard -Non-accrual		-		401		344		858		871		1,471		1,383		-		5,328
Total 1-4 family mortgage	$	154,079	$	149,832	$	358,294	$	213,565	$	75,500	$	98,448	$	300,710	$	-	$	1,350,428
Current-period gross write-offs	$	-	$	-	$	19	$	62	$	-	$	5	$	-	$	-	$	86

Other mortgage
Pass	$	245,532	$	161,591	$	1,276,730	$	1,097,461	$	421,990	$	745,569	$	98,279	$	246	$	4,047,398
Special Mention		-		-		5,024		875		-		3,439		-		-		9,338
Substandard - accruing		-		-		4,976		-		-		9,797		-		-		14,773
Substandard -Non-accrual		-		-		-		-		-		498		-		-		498
Total Other mortgage	$	245,532	$	161,591	$	1,286,730	$	1,098,336	$	421,990	$	759,303	$	98,279	$	246	$	4,072,007

Consumer
Pass	$	24,311	$	4,034	$	3,056	$	1,863	$	1,391	$	3,692	$	26,026	$	-	$	64,373
Special Mention		-		-		-		-		-		22		-		-		22
Substandard - accruing		-		-		-		-		-		-		50		-		50
Substandard -Non-accrual		-		-		-		-		-		2		-		-		2
Total Consumer	$	24,311	$	4,034	$	3,056	$	1,863	$	1,391	$	3,716	$	26,076	$	-	$	64,447
Current-period gross write-offs	$	-	$	8	$	-	$	-	$	-	$	24	$	174	$	-	$	206

Total Loans
Pass	$	1,105,467	$	990,437	$	3,292,460	$	2,374,960	$	929,913	$	1,727,743	$	1,718,571	$	1,440	$	12,140,991
Special Mention		699		3,289		14,616		9,122		12,663		24,193		23,928		-		88,510
Substandard - accruing		2,604		1,712		9,444		8,310		413		39,967		7,375		-		69,825
Substandard -Non-accrual		429		2,975		570		3,299		1,266		20,943		3,972		-		33,454
Total Loans	$	1,109,199	$	998,413	$	3,317,090	$	2,395,691	$	944,255	$	1,812,846	$	1,753,846	$	1,440	$	12,332,780
Current-period gross write-offs	$	-	$	1,010	$	19	$	162	$	675	$	2,577	$	1,146	$	-	$	5,589

December 31, 2023		2024		2023		2022		2021		2020		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]

June 30, 2024	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,913,771	$	21,806	$	2,935,577
Real estate - construction		1,510,677		-		1,510,677
Real estate - mortgage:
Owner-occupied commercial		2,393,239		6,405		2,399,644
1-4 family mortgage		1,344,233		6,195		1,350,428
Other mortgage		4,071,509		498		4,072,007
Total real estate mortgage		7,808,981		13,098		7,822,079
Consumer		64,415		32		64,447
Total	$	12,297,844	$	34,936	$	12,332,780

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]

June 30, 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	$	10,049	$	2,941	$	585	$	13,575	$	21,221	$	2,900,781	$	2,935,577	$	13,636
Real estate - construction		590		-		-		590		-		1,510,087		1,510,677		-
Real estate - mortgage:
Owner-occupied commercial		3,127		81		-		3,208		6,405		2,390,031		2,399,644		6,404
1-4 family mortgage		1,220		2,863		867		4,950		5,328		1,340,150		1,350,428		2,624
Other mortgage		-		5,459		-		5,459		498		4,066,050		4,072,007		498
Total real estate - mortgage		4,347		8,403		867		13,617		12,231		7,796,231		7,822,079		9,526
Consumer		96		35		30		161		2		64,284		64,447		2
Total	$	15,082	$	11,379	$	1,482	$	27,943	$	33,454	$	12,271,383	$	12,332,780	$	23,164

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 June 30, 2024
Allowance for credit losses:
Balance at April 1, 2024	$	51,022		$	45,689		$	57,640		$	1,541		$	155,892
Charge-offs		(3,355	)		-			(119	)		(108	)		(3,582	)
Recoveries		406			8			-			15			429
Provision		8,143			(5,247	)		2,163			294			5,353
Balance at June 30, 2024	$	56,216		$	40,450		$	59,684		$	1,742		$	158,092

	Three Months Ended June 30, 2023
Allowance for credit losses:
Balance at April 1, 2023	$	42,895		$	40,483		$	63,157		$	2,430		$	148,965
Charge-offs		(4,358	)		-			(131	)		(111	)		(4,600	)
Recoveries		1,232			-			-			21			1,253
Provision		3,696			(40	)		3,211			(213	)		6,654
Balance at June 30, 2023	$	43,465		$	40,443		$	66,237		$	2,127		$	152,272

	Six Months Ended June 30, 2024
Allowance for credit losses:
Balance at January 1, 2024	$	52,121		$	44,658		$	55,126		$	1,412		$	153,317
Charge-offs		(5,197	)		-			(186	)		(206	)		(5,589	)
Recoveries		605			8			6			24			643
Provision		8,687			(4,216	)		4,738			512			9,721
Balance at June 30, 2024	$	56,216		$	40,450		$	59,684		$	1,742		$	158,092

	Six Months Ended June 30, 2023
Allowance for credit losses:
Balance at January 1, 2023	$	42,830		$	42,889		$	58,652		$	1,926		$	146,297
Charge-offs		(5,615	)		-			(157	)		(501	)		(6,273	)
Recoveries		1,360			3			1			32			1,396
Provision		4,890			(2,449	)		7,740			670			10,851
Balance at June 30, 2023	$	43,465		$	40,443		$	66,237		$	2,127		$	152,272

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

			Accounts								ACL
June 30, 2024	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	19,482	$	4,003	$	3,852	$	34,354	$	61,691	$	19,044
Real estate - construction		2,000		-		-		972		2,972		-
Real estate - mortgage:
Owner-occupied commercial		17,288		-		-		-		17,288		-
1-4 family mortgage		14,784		-		-		-		14,784		83
Other mortgage		4,837		-		854		779		6,470		587
Total real estate - mortgage		36,909		-		854		779		38,542		670
Consumer		-		-		2		50		52		50
Total	$	58,391	$	4,003	$	4,708	$	36,155	$	103,257	$	19,764

			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 June 30, 2024
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	6,964	$	1,014	$	7,978		0.06	%
Owner-occupied commercial		637		1,158		1,795		0.01	%
1-4 family mortgage		-		43		43		-	%
Total	$	7,601	$	2,215	$	9,816		0.08	%

	Six Months Ended June 30, 2024
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	9,363	$	1,014	$	10,377		0.08	%
Real estate - construction		973		-		973		0.01	%
Owner-occupied commercial		2,109		1,158		3,267		0.03	%
1-4 family mortgage		420		43		463		-	%
Other mortgage		9,797		-		9,797		0.08	%
Total	$	22,662	$	2,215	$	24,877		0.20	%

	Three months ended June 30, 2023
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	2,855	$	-	$	2,855		0.02	%
Owner-occupied commercial		2,511		-		2,511		0.02	%
Total	$	5,366	$	-	$	5,366		0.05	%

	Six months ended June 30, 2023
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	29,556	$	-	$	29,556		0.25	%
Owner-occupied commercial		2,511		701		3,212		0.03	%
1-4 family mortgage		210		-		210		-	%
Other mortgage		11,258		359		11,617		0.10	%
Total	$	43,535	$	1,060	$	44,595		0.38	%

	Three Months Ended June 30, 2024
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		2 to 60	$	125
Real estate - construction		-		-
Owner-occupied commercial		5 to 60		16
1-4 family mortgage		121		2
Other mortgage		-		-

	Six Months Ended June 30, 2024
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		2 to 60	$	125
Real estate - construction		12		-
Owner-occupied commercial		5 to 60		16
1-4 family mortgage		12 to 121		2
Other mortgage		11		-

	Three Months Ended June 30, 2023
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		9 to 65	$	-
Real estate - construction		-		-
Owner-occupied commercial		9 to 60		-
1-4 family mortgage		-		-
Other mortgage		-		-

	Six Months Ended June 30, 2023
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		1 to 65	$	-
Real estate - construction		-		-
Owner-occupied commercial		3 to 60		49
1-4 family mortgage		3		-
Other mortgage		3 to 36		59