Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 116,394 $ 123,430
Interest-bearing balances due from depository institutions 2,259,195 1,907,083
Federal funds sold 1,045 100,575
Cash and cash equivalents 2,376,634 2,131,088
Available-for-sale debt securities, at fair value 1,161,400 900,183
Held-to-maturity debt securities (fair value of $639,496 and $907,191, respectively) 714,853 982,664
Restricted equity securities 11,300 10,226
Mortgage loans held for sale 9,211 5,074
Loans 12,605,836 11,658,829
Less allowance for credit losses (164,458) (153,317)
Loans, net 12,441,378 11,505,512
Premises and equipment, net 59,185 59,324
Accrued interest and dividends receivable 62,794 59,181
Deferred tax asset, net 61,748 62,918
Other real estate owned and repossessed assets 2,531 995
Bank owned life insurance contracts 299,787 292,759
Goodwill 13,615 13,615
Other assets 137,207 106,129
Total assets 17,351,643 16,129,668
Liabilities:    
Non-interest-bearing demand 2,619,687 2,643,101
Interest-bearing 10,923,772 10,630,410
Total deposits 13,543,459 13,273,511
Federal funds purchased 1,993,728 1,256,724
Other borrowings 64,743 64,735
Accrued interest and dividends payable 28,026 27,545
Other liabilities 104,915 66,748
Total liabilities 15,734,871 14,689,263
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at December 31, 2024 and December 31, 2023 0 0
Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,569,427 shares issued and outstanding at December 31, 2024; and 54,461,580 shares issued and outstanding at December 31, 2023 54 54
Additional paid-in capital 235,781 232,605
Retained earnings 1,412,616 1,254,841
Accumulated other comprehensive loss (32,179) (47,595)
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,616,272 1,439,905
Noncontrolling interest 500 500
Total stockholders' equity 1,616,772 1,440,405
Total liabilities and stockholders' equity $ 17,351,643 $ 16,129,668