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

Note 15 - Other Operating Income and Expenses

12 Months Ended

Dec. 31, 2024

NOTE 15.

OTHER OPERATING INCOME AND EXPENSES

The major components of other operating income and expense included in noninterest income and noninterest expense are as follows:

	Years Ended December 31,
	2024			2023			2022
	(In Thousands)
Other Operating Income
ATM fee income	$	632		$	(200	)	$	618
Mark to market interest rate cap derivative		-			48			6,960
Gain (loss) on sale of ORE		120			(28	)		501
Death benefit of bank owned life insurance contracts(1)		-			-			2,153
Loss on sale of fixed assets		(91	)		-			(12	)
Merchant services fees		2,278			2,214			1,765
Other		(52	)		1,003			676
Total other operating income	$	2,887		$	3,037		$	12,661

Other Operating Expenses
Other loan expenses	$	2,754		$	2,794		$	2,226
Customer and public relations		3,338			2,971			2,354
Sales and use tax		779			771			636
Write-down investment in tax credit partnerships		1,396			12,053			9,998
Telephone		564			597			568
Donations and contributions		658			651			749
Marketing		951			768			446
Supplies		701			705			612
Fraud and forgery losses		2,139			1,435			1,988
Directors fees		807			797			730
Postage		352			361			366
Other operational losses		270			449			2,777
Core processing deconversion expense		-			134			939
Privilege tax expense		1,767			4,300			1,869
Other		4,864			4,556			4,817
Total other operating expenses	$	21,341		$	33,342		$	31,075

(1)

For the years ended December 31, 2024 and 2023, death benefit amounts were included in Bank-owned life insurance income.