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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| OPERATING ACTIVITIES | ||
| Net income | $ 13,055us-gaap_NetIncomeLoss | $ 11,758us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Deferred tax expense (benefit) | 3,941us-gaap_DeferredIncomeTaxExpenseBenefit | (1,142)us-gaap_DeferredIncomeTaxExpenseBenefit |
| Provision for loan losses | 2,405us-gaap_ProvisionForLoanLeaseAndOtherLosses | 2,314us-gaap_ProvisionForLoanLeaseAndOtherLosses |
| Depreciation | 512us-gaap_Depreciation | 497us-gaap_Depreciation |
| Accretion | (295)us-gaap_AccretionExpense | 0us-gaap_AccretionExpense |
| Net amortization of debt securities available for sale | 634us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments | 546us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments |
| (Increase) decrease in accrued interest and dividends receivable | (293)us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable | (108)us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable |
| Stock-based compensation expense | 301us-gaap_ShareBasedCompensation | 1,020us-gaap_ShareBasedCompensation |
| Increase in accrued interest payable | 576us-gaap_IncreaseDecreaseInInterestPayableNet | 1,352us-gaap_IncreaseDecreaseInInterestPayableNet |
| Proceeds from sale of mortgage loans held for sale | 24,475us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale | 23,794us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale |
| Originations of mortgage loans held for sale | (30,421)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale | (22,080)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale |
| Gain on sale of mortgage loans held for sale | (454)us-gaap_GainLossOnSaleOfMortgageLoans | (284)us-gaap_GainLossOnSaleOfMortgageLoans |
| Gain on sale of debt securities available for sale | (29)us-gaap_GainLossOnSaleOfSecuritiesNet | 0us-gaap_GainLossOnSaleOfSecuritiesNet |
| Net (gain) loss on sale of other real estate owned and repossessed assets | (20)us-gaap_GainsLossesOnSalesOfOtherRealEstate | 175us-gaap_GainsLossesOnSalesOfOtherRealEstate |
| Write down of other real estate owned | 125us-gaap_ImpairmentOfRealEstate | 158us-gaap_ImpairmentOfRealEstate |
| Increase in cash surrender value of life insurance contracts | (648)us-gaap_BankOwnedLifeInsuranceIncome | (536)us-gaap_BankOwnedLifeInsuranceIncome |
| Losses of tax credit partnerships | 38us-gaap_InvestmentTaxCredit | 0us-gaap_InvestmentTaxCredit |
| Excess tax benefits from the exercise and vesting of stock options | (995)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (143)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities |
| Net change in other assets, liabilities, and other operating activities | (2,024)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | 1,537us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet |
| Net cash provided by operating activities | 10,883us-gaap_NetCashProvidedByUsedInOperatingActivities | 18,858us-gaap_NetCashProvidedByUsedInOperatingActivities |
| INVESTMENT ACTIVITIES | ||
| Purchase of debt securities available for sale | (5,334)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | (18,160)us-gaap_PaymentsToAcquireAvailableForSaleSecurities |
| Proceeds from maturities, calls and paydowns of debt securities available for sale | 9,688us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities | 7,353us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities |
| Proceeds from sale of debt securities available for sale | 16,548us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt | 0us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt |
| Proceeds from maturities, calls and paydowns of debt securities held to maturity | 229us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities | 300us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities |
| Increase in loans | (100,510)us-gaap_PaymentsForProceedsFromLoansAndLeases | (80,178)us-gaap_PaymentsForProceedsFromLoansAndLeases |
| Purchase of premises and equipment | (301)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (161)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Investment in tax credit partnerships | 0sfbs_PaymentsToInvestmentInTaxCreditPartnerships | (1,530)sfbs_PaymentsToInvestmentInTaxCreditPartnerships |
| Purchase of equity securities | (533)us-gaap_PaymentsToAcquireLifeInsurancePolicies | 0us-gaap_PaymentsToAcquireLifeInsurancePolicies |
| Proceeds from sale of other real estate owned and repossessed assets | 1,928us-gaap_ProceedsFromSaleOfOtherRealEstate | 2,776us-gaap_ProceedsFromSaleOfOtherRealEstate |
| Net cash paid in acquisition of Metro Bancshares, Inc. | (12,883)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
| Net cash used in investing activities | (91,168)us-gaap_NetCashProvidedByUsedInInvestingActivities | (89,600)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| FINANCING ACTIVITIES | ||
| Increase in noninterest-bearing deposits | 9,005us-gaap_NetChangeNoninterestBearingDepositsDomestic | 12,378us-gaap_NetChangeNoninterestBearingDepositsDomestic |
| Increase (decrease) in interest-bearing deposits | 55,844us-gaap_NetChangeInterestBearingDepositsDomestic | (979)us-gaap_NetChangeInterestBearingDepositsDomestic |
| Increase in federal funds purchased | 14,410us-gaap_IncreaseDecreaseInFederalFundsPurchased | 21,382us-gaap_IncreaseDecreaseInFederalFundsPurchased |
| Paydown of Federal Home Loan Bank advance | (100)us-gaap_PaymentsForFederalHomeLoanBankAdvances | 0us-gaap_PaymentsForFederalHomeLoanBankAdvances |
| Proceeds from sale of preferred shares | 125us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock | 250us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock |
| Proceeds from exercise of stock options and warrants | 2,321us-gaap_ProceedsFromStockOptionsExercised | 2,874us-gaap_ProceedsFromStockOptionsExercised |
| Excess tax benefits from exercise of stock options and warrants | 995us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 143us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
| Dividends on common stock | 0us-gaap_PaymentsOfDividendsCommonStock | (1,129)us-gaap_PaymentsOfDividendsCommonStock |
| Dividends on preferred stock | (100)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock | (100)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock |
| Net cash provided by (used in) financing activities | 82,500us-gaap_NetCashProvidedByUsedInFinancingActivities | 34,819us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Net increase (decrease) in cash and cash equivalents | 2,215us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (35,923)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of year | 297,464us-gaap_CashAndCashEquivalentsAtCarryingValue | 258,415us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of year | 299,679us-gaap_CashAndCashEquivalentsAtCarryingValue | 222,492us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash paid for: | ||
| Interest | 3,081us-gaap_InterestPaid | 2,080us-gaap_InterestPaid |
| Income taxes | 530us-gaap_IncomeTaxesPaid | 1,625us-gaap_IncomeTaxesPaid |
| NONCASH TRANSACTIONS | ||
| Other real estate acquired in settlement of loans | 1,202sfbs_TransferFromLoansToForeclosedAssets | 0sfbs_TransferFromLoansToForeclosedAssets |
| Dividends declared | 1,539us-gaap_DividendsCommonStockPaidinkind | 1,129us-gaap_DividendsCommonStockPaidinkind |
| Fair value of assets and liabilities from acquisition: | ||
| Fair value of tangible assets acquired | 201,821us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 | 0us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 |
| Other intangible assets acquired | 18,143us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 | 0us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 |
| Fair value of liabilities assumed | (179,682)us-gaap_LiabilitiesAssumed1 | 0us-gaap_LiabilitiesAssumed1 |
| Net identifiable assets acquired over liabilities assumed | $ 40,282us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1 | $ 0us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1 |
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- Definition
Payments To Investment In Tax Credit Partnerships . No definition available.
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- Definition
Transfer From Loans To Foreclosed Assets No definition available.
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- Definition
The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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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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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of paid and unpaid common stock dividends declared with the form of settlement in payment-in-kind (PIK). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The gains (losses) included in earnings that represent the difference between the sale price and the carrying value of loans made to finance real estate acquisitions. This element refers to the gain (loss) and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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- Definition
The net gain (loss) resulting from sales and other disposals of other real estate owned, increases (decreases) in the valuation allowance for foreclosed real estate, and write-downs of other real estate owned after acquisition or physical possession. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from the fund borrowed from other financial institution arising from the insufficient reserve deposited at Federal Reserve Bank to meet legal requirement. This borrowing is usually contracted on an overnight basis at an agreed rate of interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount due to the entity in the form of unpaid interest and dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount deducted from an entities' taxes, reflecting a percentage of an amount invested in certain assets spread over the useful life of those assets; includes deferred investment tax credits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of liabilities assumed in noncash investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) in interest-bearing deposits domestic. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) in domestic noninterest bearing deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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- Definition
The amount of fixed assets that an Entity acquires in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net book value of a nonmonetary asset transferred or exchanged in connection with the acquisition of a business or asset in a noncash transaction. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Nonmonetary assets and liabilities are assets and liabilities that will not result in cash receipts or cash payments in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of assets that an Entity acquires in a noncash (or part noncash) acquisition that are not presented as a separate disclosure or not otherwise listed in the existing taxonomy. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow from payments for Federal Home Loan Bank (FHLBank) advances. No definition available.
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- Definition
The amount of cash paid for the origination of mortgages that are held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash outflow or inflow for the increase (decrease) in the beginning and end of period of loan and lease balances which are not originated or purchased specifically for resale. Includes cash payments and proceeds associated with (a) loans held-for-investment, (b) leases held-for-investment, and (c) both. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for payments to purchase life insurance policies for which the entity is the beneficiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholders and which takes precedence over common stockholders in the event of liquidation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with maturities (principal being due), prepayments and calls (requests of early payments) on securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the maturity, prepayments and calls (requests for early payments) of debt securities designated as held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the sale of debt securities classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from sales of loans that are secured with real estate mortgages and are held with the intention to resell in the near future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the sale of other real estate not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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