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)

9 Months Ended

Sep. 30, 2024

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

	September 30,			December 31,
	2024			2023
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,793,989		$	2,823,986
Real estate - construction		1,439,648			1,519,619
Real estate - mortgage:
Owner-occupied commercial		2,441,687			2,257,163
1-4 family mortgage		1,409,981			1,249,938
Other mortgage		4,190,935			3,744,346
Subtotal: Real estate - mortgage		8,042,603			7,251,447
Consumer		61,986			63,777
Total Loans		12,338,226			11,658,829
Less: Allowance for credit losses on		(160,755	)		(153,317	)
Net Loans	$	12,177,471		$	11,505,512


Commercial, financial and agricultural		22.64	%		24.22	%
Real estate - construction		11.67	%		13.03	%
Real estate - mortgage:
Owner-occupied commercial		19.79	%		19.36	%
1-4 family mortgage		11.43	%		10.72	%
Other mortgage		33.97	%		32.12	%
Subtotal: Real estate - mortgage		65.18	%		62.20	%
Consumer		0.50	%		0.55	%
Total Loans		100.00	%		100.00	%

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

September 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	$	381,183	$	193,291	$	364,536	$	298,591	$	127,616	$	207,332	$	1,097,724	$	309	$	2,670,582
Special Mention		1,469		-		11,415		2,545		3,753		9,968		17,519		-		46,669
Substandard - accruing		3,492		-		1,008		365		365		25,694		21,602		-		52,526
Substandard -Non-accrual		-		2,271		1,766		9,412		478		8,914		1,371		-		24,212
Total Commercial, financial and agricultural	$	386,144	$	195,562	$	378,725	$	310,913	$	132,212	$	251,908	$	1,138,216	$	309	$	2,793,989
Current-period gross write-offs	$	-	$	1,002	$	-	$	52	$	675	$	4,225	$	2,263	$	-	$	8,217

Real estate - construction
Pass	$	214,037	$	295,362	$	557,893	$	189,368	$	45,997	$	17,754	$	71,704	$	-	$	1,392,115
Special Mention		-		590		27,555		16,421		-		-		-		-		44,566
Substandard - accruing		-		-		2,000		-		-		967		-		-		2,967
Total Real estate - construction	$	214,037	$	295,952	$	587,448	$	205,789	$	45,997	$	18,721	$	71,704	$	-	$	1,439,648

Owner-occupied commercial
Pass	$	258,398	$	181,867	$	522,801	$	501,821	$	270,619	$	602,983	$	61,533	$	813	$	2,400,835
Special Mention		-		944		1,544		434		5,470		11,476		1,351		-		21,219
Substandard - accruing		-		417		1,155		6,714		2,249		2,423		-		-		12,958
Substandard -Non-accrual		-		-		-		-		-		6,675		-		-		6,675
Total Owner-occupied commercial	$	258,398	$	183,228	$	525,500	$	508,969	$	278,338	$	623,557	$	62,884	$	813	$	2,441,687
Current-period gross write-offs	$	-	$	-	$	-	$	100	$	-	$	-	$	-	$	-	$	100

1-4 family mortgage
Pass	$	227,811	$	138,582	$	340,028	$	201,430	$	69,045	$	86,428	$	329,412	$	-	$	1,392,736
Special Mention		-		556		795		1,987		987		4,565		1,116		-		10,006
Substandard - accruing		-		-		-		-		-		1,692		621		-		2,313
Substandard -Non-accrual		-		265		388		1,575		641		894		1,163		-		4,926
Total 1-4 family mortgage	$	227,811	$	139,403	$	341,211	$	204,992	$	70,673	$	93,579	$	332,312	$	-	$	1,409,981
Current-period gross write-offs	$	-	$	28	$	61	$	62	$	-	$	5	$	182	$	-	$	338

Other mortgage
Pass	$	341,446	$	172,384	$	1,423,763	$	940,369	$	416,585	$	718,072	$	74,433	$	246	$	4,087,298
Special Mention		-		-		13,328		71,375		-		3,408		-		-		88,112
Substandard - accruing		-		-		4,585		-		-		9,681		-		-		14,266
Substandard -Non-accrual		-		-		384		875		-		-		-		-		1,259
Total Other mortgage	$	341,446	$	172,384	$	1,442,060	$	1,012,619	$	416,585	$	731,162	$	74,433	$	246	$	4,190,935

Consumer
Pass	$	23,560	$	3,226	$	2,769	$	1,699	$	1,301	$	3,409	$	25,943	$	-	$	61,907
Special Mention		-		-		-		-		-		-		28		-		28
Substandard - accruing		-		-		-		-		-		-		50		-		50
Substandard -Non-accrual		-		-		-		-		-		1		-		-		1
Total Consumer	$	23,560	$	3,226	$	2,769	$	1,699	$	1,301	$	3,410	$	26,021	$	-	$	61,986
Current-period gross write-offs	$	-		8		-		-		-		75		278		-	$	361

Total Loans
Pass	$	1,446,435	$	984,712	$	3,211,790	$	2,133,278	$	931,163	$	1,635,978	$	1,660,749	$	1,368	$	12,005,473
Special Mention		1,469		2,090		54,637		92,762		10,210		29,418		20,014		-		210,600
Substandard - accruing		3,492		417		8,748		7,079		2,614		40,457		22,273		-		85,080
Substandard -Non-accrual		-		2,536		2,538		11,862		1,119		16,484		2,534		-		37,073
Total Loans	$	1,451,396	$	989,755	$	3,277,713	$	2,244,981	$	945,106	$	1,722,337	$	1,705,570	$	1,368	$	12,338,226
Current-period gross write-offs	$	-	$	1,038	$	61	$	214	$	675	$	4,305	$	2,723	$	-	$	9,016

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]

September 30, 2024	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,768,695	$	25,294	$	2,793,989
Real estate - construction		1,439,648		-		1,439,648
Real estate - mortgage:
Owner-occupied commercial		2,434,932		6,755		2,441,687
1-4 family mortgage		1,404,187		5,794		1,409,981
Other mortgage		4,189,676		1,259		4,190,935
Total real estate mortgage		8,028,795		13,808		8,042,603
Consumer		61,920		66		61,986
Total	$	12,299,058	$	39,168	$	12,338,226

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]

September 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	$	4,151	$	1,091	$	1,081	$	6,323	$	24,213	$	2,763,453	$	2,793,989	$	20,985
Real estate - construction		31,459		14,074		-		45,533		-		1,394,115		1,439,648		-
Real estate - mortgage:
Owner-occupied commercial		3,261		-		79		3,340		6,676		2,431,671		2,441,687		6,522
1-4 family mortgage		306		2,644		868		3,818		4,926		1,401,237		1,409,981		4,399
Other mortgage		57,738		6,357		-		64,095		1,259		4,125,581		4,190,935		713
Total real estate - mortgage		61,305		9,001		947		71,253		12,861		7,958,489		8,042,603		11,634
Consumer		89		33		65		187		1		61,798		61,986		1
Total	$	97,004	$	24,199	$	2,093	$	123,296	$	37,075	$	12,177,855	$	12,338,226	$	32,620

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 September 30, 2024
Allowance for credit losses on loans:
Balance, July 1, 2024	$	56,216		$	40,450		$	59,684		$	1,742		$	158,092
Charge-offs		(3,020	)		-			(252	)		(155	)		(3,427	)
Recoveries		616			-			2			37			655
Provision for credit losses on loans		3,226			(3,092	)		5,322			(21	)		5,435
Balance at September 30, 2024	$	57,038		$	37,358		$	64,756		$	1,603		$	160,755

	Three Months Ended September 30, 2023
Allowance for credit losses on loans:
Balance, July 1, 2023	$	43,465		$	40,443		$	66,237	$	2,127		$	152,272
Charge-offs		(4,783	)		(19	)		-		(341	)		(5,143	)
Recoveries		825			-			-		11			836
Provision for credit losses on loans		6,454			(2,401	)		37		192			4,282
Balance at September 30, 2023	$	45,961		$	38,023		$	66,274	$	1,989		$	152,247

	Nine Months Ended September 30, 2024
Allowance for credit losses on loans:
Balance at January 1, 2024	$	52,121		$	44,658		$	55,126		$	1,412		$	153,317
Charge-offs		(8,217	)		-			(438	)		(361	)		(9,016	)
Recoveries		1,220			8			8			62			1,298
Provision for credit losses on loans		11,914			(7,308	)		10,060			490			15,156
Balance at September 30, 2024	$	57,038		$	37,358		$	64,756		$	1,603		$	160,755

	Nine Months Ended September 30, 2023
Allowance for credit losses:
Balance at January 1, 2023	$	42,830		$	42,889		$	58,652		$	1,926		$	146,297
Charge-offs		(10,398	)		(19	)		(157	)		(842	)		(11,416	)
Recoveries		2,187			3			-			43			2,233
Provision for credit losses on loans		11,342			(4,850	)		7,779			862			15,133
Balance at September 30, 2023	$	45,961		$	38,023		$	66,274		$	1,989		$	152,247

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

			Accounts								ACL
September 30, 2024	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	19,317	$	3,587	$	5,640	$	42,498	$	71,042	$	20,569
Real estate - construction		2,000		-		-		967		2,967		-
Real estate - mortgage:
Owner-occupied commercial		19,552		-		-		80		19,632		154
1-4 family mortgage		14,650		-		-		875		15,525		546
Other mortgage		6,350		-		472		377		7,199		1,050
Total real estate - mortgage		40,552		-		472		1,332		42,356		1,750
Consumer		-		-		1		50		51		50
Total	$	61,869	$	3,587	$	6,113	$	44,847	$	116,416	$	22,369

			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 September 30, 2024
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	41,486	$	11,355	$	52,841		0.43	%
Owner-occupied commercial		3,138		-		3,138		0.03	%
1-4 family mortgage		115		-		115		-	%
Total	$	44,739	$	11,355	$	56,094		0.46	%

	Nine Months Ended September 30, 2024
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	48,448	$	12,363	$	60,811		0.49	%
Real estate - construction		967		-		967		0.01	%
Owner-occupied commercial		4,595		1,155		5,750		0.05	%
1-4 family mortgage		526		172		698		0.01	%
Other mortgage		9,681		-		9,681		0.08	%
Total	$	64,217	$	13,690	$	77,907		0.64	%

	Three months ended September 30, 2023
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	25,340	$	-	$	25,340		0.22	%
Other mortgage		303		303		606		0.01	%
Total	$	25,643	$	303	$	25,946		0.23	%

	Nine months ended September 30, 2023
			Payment Deferral
	Term		and Term				Percentage of
	Extensions		Extensions		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	30,264	$	-	$	30,264		0.26	%
Owner-occupied commercial		2,410		-		2,410		0.02	%
Other mortgage		11,236		303		11,539		0.10	%
Total	$	43,910	$	303	$	44,213		0.38	%

	Three Months Ended September 30, 2024
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3 to 95	$	1,278
Real estate - construction		-		-
Owner-occupied commercial		4 to 5		-
1-4 family mortgage		6		-
Other mortgage		-		-

	Nine Months Ended September 30, 2024
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		2 to 95	$	1,403
Real estate - construction		12		-
Owner-occupied commercial		4 to 60		16
1-4 family mortgage		6 to 121		2
Other mortgage		11		-

	Three Months Ended September 30, 2023
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		1 to 12	$	-
Real estate - construction		-		-
Owner-occupied commercial		-		-
1-4 family mortgage		-		-
Other mortgage		2 to 3		-

	Nine Months Ended September 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		-		-
Other mortgage		2 to 36		59