ServisFirst Bancshares, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

DEPOSITS

DEPOSITS

12 Months Ended

Dec. 31, 2013

Deposits [Abstract]

DEPOSITS

NOTE 7. DEPOSITS

Deposits at December 31, 2013 and 2012 were as follows:

	December 31,
	2013		2012
	(In Thousands)
Noninterest-bearing demand	$	650,456	$	545,174
Interest-bearing checking		1,930,676		1,551,158
Savings		23,890		19,560
Time		70,316		69,179
Time, $100,000 and over		344,304		326,501
	$	3,019,642	$	2,511,572

The scheduled maturities of time deposits at December 31, 2013 were as follows:

	(In Thousands)
2014	$	260,487
2015		52,887
2016		53,911
2017		16,828
2018		30,507
	$	414,620

At December 31, 2013 and 2012, overdraft deposits reclassified to loans were $1,602,000 and $3,860,000, respectively.

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References + Details