Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income:    
Interest and fees on loans $ 32,252 $ 27,318
Taxable debt securities 1,097 948
Nontaxable debt securities 871 832
Federal funds sold 42 16
Other interest and dividends 19 51
Total interest income 34,281 29,165
Interest expense:    
Deposits 3,014 2,713
Borrowed funds 418 551
Total interest expense 3,432 3,264
Net interest income 30,849 25,901
Provision for loan losses 2,314 4,284
Net interest income after provision for loan losses 28,535 21,617
Noninterest income:    
Service charges on deposit accounts 868 762
Mortgage banking 284 980
Securities gains 0 123
Increase in cash surrender value of life insurance 536 470
Other operating income 487 462
Total noninterest income 2,175 2,797
Noninterest expense:    
Salaries and employee benefits 7,697 5,679
Equipment and occupancy expense 1,366 1,111
Professional services 516 461
FDIC and other regulatory assessments 517 432
OREO expense 487 390
Other operating expense 3,140 2,679
Total noninterest expense 13,723 10,752
Income before income taxes 16,987 13,662
Provision for income taxes 5,229 4,411
Net income 11,758 9,251
Net income attributable to noncontrolling interest (2) 0
Net income attributable to Servisfirst Bancshares, Inc. 11,756 9,251
Preferred stock dividends 100 100
Net income available to common stockholders $ 11,656 $ 9,151
Basic earnings per common share $ 1.58 $ 1.44
Diluted earnings per common share $ 1.52 $ 1.31