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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Interest income: | |||
| Interest and fees on loans | $ 136,066us-gaap_InterestAndFeeIncomeLoansAndLeases | $ 118,285us-gaap_InterestAndFeeIncomeLoansAndLeases | $ 100,462us-gaap_InterestAndFeeIncomeLoansAndLeases |
| Taxable securities | 4,497us-gaap_InterestIncomeSecuritiesTaxable | 3,888us-gaap_InterestIncomeSecuritiesTaxable | 4,814us-gaap_InterestIncomeSecuritiesTaxable |
| Nontaxable securities | 3,489us-gaap_InterestIncomeSecuritiesTaxExempt | 3,407us-gaap_InterestIncomeSecuritiesTaxExempt | 3,246us-gaap_InterestIncomeSecuritiesTaxExempt |
| Federal funds sold | 159us-gaap_InterestIncomeFederalFundsSold | 128us-gaap_InterestIncomeFederalFundsSold | 196us-gaap_InterestIncomeFederalFundsSold |
| Other interest and dividends | 514us-gaap_OtherInterestAndDividendIncome | 373us-gaap_OtherInterestAndDividendIncome | 305us-gaap_OtherInterestAndDividendIncome |
| Total interest income | 144,725us-gaap_InterestAndDividendIncomeOperating | 126,081us-gaap_InterestAndDividendIncomeOperating | 109,023us-gaap_InterestAndDividendIncomeOperating |
| Interest expense: | |||
| Deposits | 12,420us-gaap_InterestExpenseDeposits | 11,830us-gaap_InterestExpenseDeposits | 12,249us-gaap_InterestExpenseDeposits |
| Borrowed funds | 1,699us-gaap_InterestExpenseBorrowings | 1,789us-gaap_InterestExpenseBorrowings | 2,652us-gaap_InterestExpenseBorrowings |
| Total interest expense | 14,119us-gaap_InterestExpense | 13,619us-gaap_InterestExpense | 14,901us-gaap_InterestExpense |
| Net interest income | 130,606us-gaap_InterestIncomeExpenseNet | 112,462us-gaap_InterestIncomeExpenseNet | 94,122us-gaap_InterestIncomeExpenseNet |
| Provision for loan losses | 10,259us-gaap_ProvisionForLoanAndLeaseLosses | 13,008us-gaap_ProvisionForLoanAndLeaseLosses | 9,100us-gaap_ProvisionForLoanAndLeaseLosses |
| Net interest income after provision for loan losses | 120,347us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss | 99,454us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss | 85,022us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss |
| Noninterest income: | |||
| Service charges on deposit accounts | 4,265us-gaap_FeesAndCommissionsDepositorAccounts | 3,228us-gaap_FeesAndCommissionsDepositorAccounts | 2,756us-gaap_FeesAndCommissionsDepositorAccounts |
| Mortgage banking | 2,047us-gaap_FeesAndCommissionsMortgageBanking | 2,513us-gaap_FeesAndCommissionsMortgageBanking | 3,560us-gaap_FeesAndCommissionsMortgageBanking |
| Securities gains | 3us-gaap_GainLossOnSaleOfSecuritiesNet | 131us-gaap_GainLossOnSaleOfSecuritiesNet | 0us-gaap_GainLossOnSaleOfSecuritiesNet |
| Increase in cash surrender value life insurance | 2,280us-gaap_BankOwnedLifeInsuranceIncome | 1,994us-gaap_BankOwnedLifeInsuranceIncome | 1,624us-gaap_BankOwnedLifeInsuranceIncome |
| Other operating income | 2,634us-gaap_NoninterestIncomeOtherOperatingIncome | 2,144us-gaap_NoninterestIncomeOtherOperatingIncome | 1,703us-gaap_NoninterestIncomeOtherOperatingIncome |
| Total noninterest income | 11,229us-gaap_NoninterestIncome | 10,010us-gaap_NoninterestIncome | 9,643us-gaap_NoninterestIncome |
| Noninterest expenses: | |||
| Salaries and employee benefits | 31,017us-gaap_LaborAndRelatedExpense | 26,324us-gaap_LaborAndRelatedExpense | 22,587us-gaap_LaborAndRelatedExpense |
| Equipment and occupancy expense | 5,547us-gaap_EquipmentExpense | 5,202us-gaap_EquipmentExpense | 4,014us-gaap_EquipmentExpense |
| Professional services | 2,435us-gaap_ProfessionalFees | 1,809us-gaap_ProfessionalFees | 1,455us-gaap_ProfessionalFees |
| FDIC and other regulatory assessments | 2,094sfbs_FederalDepositInsuranceCorporationPremiumAndOtsOccAssessments | 1,799sfbs_FederalDepositInsuranceCorporationPremiumAndOtsOccAssessments | 1,595sfbs_FederalDepositInsuranceCorporationPremiumAndOtsOccAssessments |
| Other real estate owned expense | 1,533sfbs_OtherRealEstateOwnedExpense | 1,426sfbs_OtherRealEstateOwnedExpense | 2,727sfbs_OtherRealEstateOwnedExpense |
| Other operating expenses | 14,972us-gaap_OtherNoninterestExpense | 10,929us-gaap_OtherNoninterestExpense | 10,722us-gaap_OtherNoninterestExpense |
| Total noninterest expenses | 57,598us-gaap_NoninterestExpense | 47,489us-gaap_NoninterestExpense | 43,100us-gaap_NoninterestExpense |
| Income before income taxes | 73,978us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 61,975us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 51,565us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
| Provision for income taxes | 21,601us-gaap_IncomeTaxExpenseBenefit | 20,358us-gaap_IncomeTaxExpenseBenefit | 17,120us-gaap_IncomeTaxExpenseBenefit |
| Net income | 52,377us-gaap_NetIncomeLoss | 41,617us-gaap_NetIncomeLoss | 34,445us-gaap_NetIncomeLoss |
| Dividends on preferred stock | 431us-gaap_PreferredStockDividendsIncomeStatementImpact | 416us-gaap_PreferredStockDividendsIncomeStatementImpact | 400us-gaap_PreferredStockDividendsIncomeStatementImpact |
| Net income available to common stockholders | $ 51,946us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 41,201us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 34,045us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Basic earnings per common share | $ 2.18us-gaap_EarningsPerShareBasic | $ 2.00us-gaap_EarningsPerShareBasic | $ 1.89us-gaap_EarningsPerShareBasic |
| Diluted earnings per common share | $ 2.09us-gaap_EarningsPerShareDiluted | $ 1.90us-gaap_EarningsPerShareDiluted | $ 1.66us-gaap_EarningsPerShareDiluted |
| X | ||||||||||
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- Definition
FDIC Premium And OTS/OCC Assessments No definition available.
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| X | ||||||||||
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- Definition
The net gain or loss resulting from sales and other disposals of other real estate owned, increases and decreases in the valuation allowance for foreclosed real estate, write-downs of other real estate owned after acquisition or physical possession as well as other expenses recognized during the period on foreclosed real estate properties. No definition available.
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| X | ||||||||||
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- Definition
Earnings on or other increases in the value of the cash surrender value of bank owned life insurance policies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with the entity's accounting policy. This item may also include furniture expenses. No definition available.
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| X | ||||||||||
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- Definition
Includes amounts charged depositors for: (1) maintenance of their accounts (maintenance charges); (2) failure to maintain specified minimum balances on account; (3) exceeding the number of checks or transactions allowed to be processed in a given period; (4) checks drawn on no minimum balance deposit accounts; (5) withdrawals from nontransaction deposit accounts; (6) closing savings accounts before a specified minimum period of time has elapsed; (7) accounts which have remained inactive for extended periods of time or which have become dormant; (8) use of automated teller machines or remote service units; (9) checks drawn against insufficient funds that the bank assesses regardless of whether it decides to pay, return or hold the check; (10) issuing stop payment orders; (11) certifying checks; and (12) accumulating or disbursing funds deposited in IRAs or Keogh Plan accounts when not handled by the bank's trust department. This item does not include penalties assessed on the early withdrawal of time deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The noninterest income derived from mortgage banking activities (fees and commissions), excluding fees earned from servicing third-party assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net gain (loss) realized from the sale, exchange, redemption, or retirement of securities, not separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Aggregate amount of interest expense on all borrowings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate amount of interest expense on all deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Interest income on federal funds sold. Federal funds sold represent the excess federal funds held by one commercial bank which it lends to another commercial bank, usually at an agreed-upon (federal funds) rate of interest. Such loans generally are of short-duration (overnight). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Represents other forms of revenue earned, excluding interest, which is not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Includes all other interest income, net of discount accretion and premium amortization, and dividend income. It may include dividend income from equity securities that do not have readily determinable fair values that are reportable in Other Assets, and interest income on interest-only strips receivable (not in the form of a security) that are included in Other Assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other noninterest expenses that are not separately presented in any other noninterest expense category. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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| X | ||||||||||
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related to estimated loss from loan and lease transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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