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

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

Note 3 - Loans (Tables)

Note 3 - Loans (Tables)

12 Months Ended

Dec. 31, 2024

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

	December 31,
	2024			2023

	(In Thousands)
Commercial, financial and agricultural	$	2,869,894		$	2,823,986
Real estate - construction		1,489,306			1,519,619
Real estate - mortgage:
Owner-occupied commercial		2,547,143			2,257,163
1-4 family mortgage		1,444,623			1,249,938
Non-owner occupied commercial		4,181,243			3,744,346
Subtotal: Real estate mortgage		8,173,009			7,251,447
Consumer		73,627			63,777
Total Loans		12,605,836			11,658,829
Less: Allowance for credit losses		(164,458	)		(153,317	)
Net Loans	$	12,441,378		$	11,505,512

Schedule of Allowance for Loan Losses [Table Text Block]

	Years Ended December 31,
	2024			2023			2022

	(In Thousands)
Balance, beginning of year	$	153,317		$	146,297		$	116,660
Loans charged off		(13,684	)		(14,581	)		(10,137	)
Recoveries		3,272			2,886			2,167
Provision for credit losses		21,553			18,715			37,607
Balance, end of year	$	164,458		$	153,317		$	146,297

Financing Receivable, Allowance for Credit Loss [Table Text Block]

	Commercial,						Owner-						Non-owner
	financial and			Real estate -			occupied			1-4 family			occupied
	agricultural			construction			commercial			mortgage			commercial			Consumer			Total
	(In Thousands)
	Year Ended December 31, 2024
Allowance for credit losses:
Balance at January 1, 2024	$	52,121		$	44,658		$	17,702		$	12,029		$	25,395		$	1,412		$	153,317
Charge-offs		(12,115	)		-			(237	)		(761	)		-			(571	)		(13,684	)
Recoveries		3,021			8			29			2			-			212			3,272
Provision for credit losses on loans		12,303			(6,069	)		4,808			2,826			5,933			1,752			21,553
Balance at December 31, 2024	$	55,330		$	38,597		$	22,302		$	14,096		$	31,328		$	2,805		$	164,458

	Year Ended December 31, 2023
Allowance for credit losses:
Balance at January 1, 2023	$	42,830		$	42,889		$	16,843		$	12,219		$	29,590		$	1,926		$	146,297
Charge-offs		(13,229	)		(108	)		(117	)		(54	)		-			(1,073	)		(14,581	)
Recoveries		2,800			3			-			-			-			83			2,886
Provision		19,720			1,874			976			(136	)		(4,195	)		476			18,715
Balance at December 31, 2023	$	52,121		$	44,658		$	17,702		$	12,029		$	25,395		$	1,412		$	153,317

	Year Ended December 31, 2022
Allowance for credit losses:
Balance at January 1, 2022	$	41,869		$	26,994		$	16,204		$	6,978		$	22,647		$	1,968		$	116,660
Charge-offs		(9,256	)		-			(170	)		(51	)		-			(660	)		(10,137	)
Recoveries		2,012			-			-			-			-			155			2,167
Provision		8,205			15,895			809			5,292			6,943			463			37,607
Balance at December 31, 2022	$	42,830		$	42,889		$	16,843		$	12,219		$	29,590		$	1,926		$	146,297

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

December 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	$	529,002	$	171,139	$	331,476	$	273,304	$	120,088	$	195,011	$	1,121,196	$	248	$	2,741,464
Special Mention		1,767		666		12,260		2,442		3,254		10,001		21,647		-		52,037
Substandard - Accruing		1,064		-		987		349		364		25,620		22,317		-		50,701
Substandard -Non-accrual		-		1,177		2,049		8,201		271		8,513		5,481		-		25,692
Total Commercial, financial and agricultural	$	531,833	$	172,982	$	346,772	$	284,296	$	123,977	$	239,145	$	1,170,641	$	248	$	2,869,894
Current-period gross write-offs	$	36	$	1,002	$	-	$	52	$	675	$	4,327	$	2,851	$	3,172	$	12,115

Real estate - construction
Pass	$	367,275	$	292,379	$	506,542	$	150,307	$	32,330	$	16,083	$	72,793	$	-	$	1,437,710
Special Mention		259		3,100		28,224		16,477		-		-		-		-		48,060
Substandard - Accruing		-		590		2,000		-		-		946		-		-		3,536
Substandard -Non-accrual		-		-		-		-		-		-		-		-		-
Total Real estate - construction	$	367,534	$	296,069	$	536,766	$	166,784	$	32,330	$	17,029	$	72,793	$	-	$	1,489,306
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Owner-occupied commercial
Pass	$	377,351	$	168,561	$	503,351	$	467,790	$	276,795	$	594,794	$	65,269	$	802	$	2,454,713
Special Mention		10,148		6,410		1,373		22,087		5,441		16,912		4,961		-		67,332
Substandard - Accruing		3,562		417		1,147		6,681		2,169		2,378		-		-		16,354
Substandard -Non-accrual		-		-		2,886		-		79		5,779		-		-		8,744
Total Owner-occupied commercial	$	391,061	$	175,388	$	508,757	$	496,558	$	284,484	$	619,863	$	70,230	$	802	$	2,547,143
Current-period gross write-offs	$	-	$	-	$	-	$	100	$	-	$	137	$	-	$	-	$	237

1-4 family mortgage
Pass	$	294,602	$	126,953	$	319,472	$	188,104	$	65,673	$	78,629	$	351,240	$	-	$	1,424,673
Special Mention		-		469		2,523		2,943		1,124		6,628		2,428		-		16,115
Substandard - Accruing		-		-		-		-		-		403		381		-		784
Substandard -Non-accrual		-		265		646		855		405		380		500		-		3,051
Total 1-4 family mortgage	$	294,602	$	127,687	$	322,641	$	191,902	$	67,202	$	86,040	$	354,549	$	-	$	1,444,623
Current-period gross write-offs	$	-	$	28	$	61	$	62	$	-	$	129	$	481	$	-	$	761

Non-owner occupied commercial
Pass	$	479,275	$	174,415	$	1,449,886	$	888,829	$	367,100	$	670,317	$	70,161	$	246	$	4,100,229
Special Mention		-		-		8,304		53,926		-		3,376		-		-		65,606
Substandard - Accruing		-		-		4,584		-		-		9,565		-		-		14,149
Substandard -Non-accrual		-		-		384		875		-		-		-		-		1,259
Total Non-owner occupied commercial	$	479,275	$	174,415	$	1,463,158	$	943,630	$	367,100	$	683,258	$	70,161	$	246	$	4,181,243
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Consumer
Pass	$	33,004	$	2,941	$	2,462	$	1,346	$	1,234	$	2,505	$	29,335	$	-	$	72,827
Special Mention		-		-		-		-		-		-		45		-		45
Substandard - Accruing		-		-		-		-		-		-		-		-		-
Substandard -Non-accrual		-		-		-		-		-		755		-		-		755
Total Consumer	$	33,004	$	2,941	$	2,462	$	1,346	$	1,234	$	3,260	$	29,380	$	-	$	73,627
Current-period gross write-offs	$	19	$	8	$	-	$	-	$	-	$	75	$	469	$	-	$	571

Total Loans
Pass	$	2,080,509	$	936,388	$	3,113,189	$	1,969,680	$	863,220	$	1,557,340	$	1,709,994	$	1,296	$	12,231,616
Special Mention		12,174		10,645		52,684		97,875		9,819		36,917		29,081		-		249,195
Substandard - Accruing		4,626		1,007		8,718		7,030		2,533		38,912		22,698		-		85,524
Substandard -Non-accrual		-		1,442		5,965		9,931		755		15,427		5,981		-		39,501
Total Loans	$	2,097,309	$	949,482	$	3,180,556	$	2,084,516	$	876,327	$	1,648,596	$	1,767,754	$	1,296	$	12,605,836
Current-period gross write-offs	$	55	$	1,038	$	61	$	214	$	675	$	4,668	$	3,801	$	3,172	$	13,684

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

Non-owner occupied commercial
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 Non-owner occupied commercial	$	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]

December 31, 2024	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,844,164	$	25,730	$	2,869,894
Real estate - construction		1,488,645		661		1,489,306
Real estate - mortgage:
Owner-occupied commercial		2,538,399		8,744		2,547,143
1-4 family mortgage		1,439,332		5,291		1,444,623
Non-owner occupied commercial		4,179,984		1,259		4,181,243
Total real estate - mortgage		8,157,715		15,294		8,173,009
Consumer		72,846		781		73,627
Total	$	12,563,370	$	42,466	$	12,605,836

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
Non-owner occupied commercial		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]

December 31, 202	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	$	9,218	$	8,469	$	38	$	17,725	$	25,692	$	2,826,477	$	2,869,894	$	22,266
Real estate - construction		6,046		15,898		661		22,605		-		1,466,701		1,489,306		-
Real estate - mortgage:
Owner-occupied commercial		9,494		2,478		-		11,972		8,744		2,526,427		2,547,143		8,644
1-4 family mortgage		1,157		3,111		2,240		6,508		3,051		1,435,064		1,444,623		2,787
Non-owner occupied commercial		4,432		-		-		4,432		1,259		4,175,552		4,181,243		729
Total real estate -mortgage		15,083		5,589		2,240		22,912		13,054		8,137,043		8,173,009		12,160
Consumer		83		34		26		143		755		72,729		73,627		-
Total	$	30,430	$	29,990	$	2,965	$	63,385	$	39,501	$	12,502,950	$	12,605,836	$	34,426

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
Non-owner occupied commercial		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

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

			Accounts								ACL
December 31, 2024	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	18,901	$	1,721	$	7,449	$	42,684	$	70,755	$	17,615
Real estate - construction		2,590		-		-		946		3,536		-
Real estate - mortgage:
Owner-occupied commercial		24,935		-		-		78		25,013		2,890
1-4 family mortgage		3,719		-		109		-		3,828		287
Non-owner occupied commercial		14,533		-		-		875		15,408		2,081
Total real estate - mortgage		43,187		-		109		953		44,249		5,258
Consumer		-		-		-		755		755		755
Total	$	64,678	$	1,721	$	7,558	$	45,338	$	119,295	$	23,628

			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
Non-owner occupied commercial		5,862		-		-		-		5,862		603
Total real estate - mortgage		33,594		-		-		698		34,291		2,136
Total	$	54,005	$	7,240	$	2,126	$	25,692	$	89,063	$	18,326

Financing Receivable, Modified [Table Text Block]

	Year Ended December 31, 2024
			Payment Deferral
	Term		and Term		New				Percentage of
	Extensions		Extensions		Origination		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	248	$	12,354	$	-	$	12,602		0.10	%
Owner-occupied commercial		3,562		5,827		-		9,389		0.07	%
1-4 family mortgage		175		174		96		445		-	%
Total	$	3,985	$	18,355	$	96	$	22,436		0.17	%

	Year Ended December 31, 2023
			Payment Deferral
	Term		and Term		New				Percentage of
	Extensions		Extensions		Origination		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	28,363	$	-	$	-	$	28,363		0.24	%
Owner-occupied commercial		3,021		-		-		3,021		0.03	%
Non-owner occupied commercial		10,932		303		-		11,234		0.10	%
Total	$	42,315	$	303	$	-	$	42,618		0.37	%

	Year Ended December 31, 2024
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		4 to 95	$	1,403
Real estate - construction		-		-
Owner-occupied commercial		5 to 60		16
1-4 family mortgage		3 to 121		9
Non-owner occupied commercial		-		-

	Year Ended December 31, 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		-		-
Non-owner occupied commercial		2 to 36		59

Schedule of Changes in Related Party Loans [Table Text Block]

	Years Ended December 31,
	2024			2023

	(In Thousands)
Balance, beginning of year	$	39,831		$	52,608
Advances		32,740			67,106
Repayments		(29,585	)		(79,883	)
Removal		(559	)		-
Balance, end of year	$	42,427		$	39,831