ServisFirst Bancshares, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Loans (Tables)

Note 5 - Loans (Tables)

6 Months Ended

Jun. 30, 2017

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

	June 30, 2017			December 31, 2016
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,123,498		$	1,982,267
Real estate - construction		395,398			335,085
Real estate - mortgage:
Owner-occupied commercial		1,272,659			1,171,719
1-4 family mortgage		565,121			536,805
Other mortgage		931,788			830,683
Subtotal: Real estate - mortgage		2,769,568			2,539,207
Consumer		55,224			55,211
Total Loans		5,343,688			4,911,770
Less: Allowance for loan losses		(55,059	)		(51,893	)
Net Loans	$	5,288,629		$	4,859,877


Commercial, financial and agricultural		39.74	%		40.36	%
Real estate - construction		7.40	%		6.82	%
Real estate - mortgage:
Owner-occupied commercial		23.82	%		23.86	%
1-4 family mortgage		10.57	%		10.93	%
Other mortgage		17.44	%		16.91	%
Subtotal: Real estate - mortgage		51.83	%		51.70	%
Consumer		1.03	%		1.12	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

June 30, 2017	Pass		Special Mention		Substandard		Doubtful		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,051,745	$	40,323	$	31,430	$	-	$	2,123,498
Real estate - construction		384,442		7,582		3,374		-		395,398
Real estate - mortgage:
Owner-occupied commercial		1,255,649		11,098		5,912		-		1,272,659
1 -4 family mortgage		559,579		1,256		4,286		-		565,121
Other mortgage		914,552		13,662		3,574		-		931,788
Total real estate mortgage		2,729,780		26,016		13,772		-		2,769,568
Consumer		55,169		55		-		-		55,224
Total	$	5,221,136	$	73,976	$	48,576	$	-	$	5,343,688

December 31, 2016	Pass		Special Mention		Substandard		Doubtful		Total

	(In Thousands)
Commercial, financial and agricultural	$	1,893,664	$	61,035	$	27,568	$	-	$	1,982,267
Real estate - construction		324,958		5,861		4,266		-		335,085
Real estate - mortgage:
Owner-occupied commercial		1,158,615		6,037		7,067		-		1,171,719
1-4 family mortgage		531,868		2,065		2,872		-		536,805
Other mortgage		818,724		11,224		735		-		830,683
Total real estate mortgage		2,509,207		19,326		10,674		-		2,539,207
Consumer		55,135		76		-		-		55,211
Total	$	4,782,964	$	86,298	$	42,508	$	-	$	4,911,770

Financing Receivable, Credit Substitute, Credit Quality Indicator [Table Text Block]

June 30, 2017	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,118,113	$	5,385	$	2,123,498
Real estate - construction		393,021		2,377		395,398
Real estate - mortgage:
Owner-occupied commercial		1,270,411		2,248		1,272,659
1-4 family mortgage		564,200		921		565,121
Other mortgage		931,788		-		931,788
Total real estate mortgage		2,766,399		3,169		2,769,568
Consumer		55,176		48		55,224
Total	$	5,332,709	$	10,979	$	5,343,688

December 31, 2016	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	1,974,975	$	7,292	$	1,982,267
Real estate - construction		331,817		3,268		335,085
Real estate - mortgage:
Owner-occupied commercial		1,165,511		6,208		1,171,719
1-4 family mortgage		536,731		74		536,805
Other mortgage		830,683		-		830,683
Total real estate mortgage		2,532,925		6,282		2,539,207
Consumer		55,166		45		55,211
Total	$	4,894,883	$	16,887	$	4,911,770

Past Due Financing Receivables [Table Text Block]

June 30, 2017	Past Due Status (Accruing Loans)
	30-59 Days		60-89 Days		90+ Days		Total Past Due		Non-Accrual		Current		Total Loans

	(In Thousands)
Commercial, financial and agricultural	$	6,311	$	317	$	968	$	7,596	$	4,417	$	2,111,485	$	2,123,498
Real estate - construction		-		-		-		-		2,377		393,021		395,398
Real estate - mortgage:
Owner-occupied commercial		4,498		-		-		4,498		2,248		1,265,913		1,272,659
1-4 family mortgage		376		703		-		1,079		921		563,121		565,121
Other mortgage		980		-		-		980		-		930,808		931,788
Total real estate - mortgage		5,854		703		-		6,557		3,169		2,759,842		2,769,568
Consumer		49		8		48		105		-		55,119		55,224
Total	$	12,214	$	1,028	$	1,016	$	14,258	$	9,963	$	5,319,467	$	5,343,688

December 31, 2016	Past Due Status (Accruing Loans)
	30-59 Days		60-89 Days		90+ Days		Total Past Due		Non-Accrual		Current		Total Loans

	(In Thousands)
Commercial, financial and agricultural	$	710	$	40	$	10	$	760	$	7,282	$	1,974,225	$	1,982,267
Real estate - construction		59		-		-		59		3,268		331,758		335,085
Real estate - mortgage:
Owner-occupied commercial		-		-		6,208		6,208		-		1,165,511		1,171,719
1-4 family mortgage		160		129		-		289		74		536,442		536,805
Other mortgage		95		811		-		906		-		829,777		830,683
Total real estate - mortgage		255		940		6,208		7,403		74		2,531,730		2,539,207
Consumer		52		17		45		114		-		55,097		55,211
Total	$	1,076	$	997	$	6,263	$	8,336	$	10,624	$	4,892,810	$	4,911,770

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	Commercial financial and agricultural			Real estate - construction			Real estate - mortgage			Consumer			Total

	(In Thousands)
	Three Months Ended June 30, 2017
Allowance for loan losses:
Balance at March 31, 2017	$	28,707		$	4,825		$	19,962		$	398		$	53,892
Charge-offs		(3,067	)		(40	)		(106	)		(33	)		(3,246	)
Recoveries		16			14			2			-			32
Provision		3,471			339			534			37			4,381
Balance at June 30, 2017	$	29,127		$	5,138		$	20,392		$	402		$	55,059

		Three Months Ended June 30, 2016
Allowance for loan losses:
Balance at March 31, 2016	$	22,839		$	5,005		$	16,901		$	400		$	45,145
Charge-offs		(1,412	)		(355	)		(191	)		(31	)		(1,989	)
Recoveries		1			39			2			-			42
Provision		2,227			590			888			95			3,800
Balance at June 30, 2016	$	23,655		$	5,279		$	17,600		$	464		$	46,998

		Six Months Ended June 30, 2017
Allowance for loan losses:
Balance at December 31, 2016	$	28,872		$	5,125		$	17,504		$	392		$	51,893
Charge-offs		(5,922	)		(40	)		(372	)		(108	)		(6,442	)
Recoveries		206			30			4			1			241
Provision		5,971			23			3,256			117			9,367
Balance at June 30, 2017	$	29,127		$	5,138		$	20,392		$	402		$	55,059

		Six Months Ended June 30, 2016
Allowance for loan losses:
Balance at December 31, 2015	$	21,495		$	5,432		$	16,061		$	431		$	43,419
Charge-offs		(1,462	)		(736	)		(191	)		(49	)		(2,438	)
Recoveries		4			55			99			-			158
Provision		3,618			528			1,631			82			5,859
Balance at June 30, 2016	$	23,655		$	5,279		$	17,600		$	464		$	46,998

		As of June 30, 2017
Allowance for loan losses:
Individually Evaluated for Impairment	$	4,457		$	921		$	1,779		$	-		$	7,157
Collectively Evaluated for Impairment		24,670			4,217			18,613			402			47,902

Loans:
Ending Balance	$	2,123,498		$	395,398		$	2,769,568		$	55,224		$	5,343,688
Individually Evaluated for Impairment		31,430			3,420			16,171			-			51,021
Collectively Evaluated for Impairment		2,092,068			391,978			2,753,397			55,224			5,292,667

		As of December 31, 2016
Allowance for loan losses:
Individually Evaluated for Impairment	$	6,607		$	923		$	622		$	-		$	8,152
Collectively Evaluated for Impairment		22,265			4,202			16,882			392			43,741

Loans:
Ending Balance	$	1,982,267		$	335,085		$	2,539,207		$	55,211		$	4,911,770
Individually Evaluated for Impairment		27,922			4,314			13,350			3			45,589
Collectively Evaluated for Impairment		1,954,345			330,771			2,525,857			55,208			4,866,181

Impaired Financing Receivables [Table Text Block]

	June 30, 2017						For the three months ended June 30, 2017				For the six months ended June 30, 2017
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized in Period		Average Recorded Investment		Interest Income Recognized in Period

	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	6,003	$	6,016	$	-	$	6,213	$	66	$	6,272	$	137
Real estate - construction		46		48		-		49		1		49		2
Real estate - mortgage:
Owner-occupied commercial		2,398		2,564		-		2,584		37		2,601		76
1-4 family mortgage		2,674		2,674		-		2,678		29		2,716		51
Other mortgage		732		732		-		733		10		734		21
Total real estate - mortgage		5,804		5,970		-		5,995		76		6,051		148
Consumer		-		-		-		-		-		-		-
Total with no allowance recorded		11,853		12,034		-		12,257		143		12,372		287

With an allowance recorded:
Commercial, financial and agricultural		25,427		27,127		4,457		27,760		257		27,525		541
Real estate - construction		3,374		3,374		921		3,374		14		3,374		28
Real estate - mortgage:
Owner-occupied commercial		7,774		7,774		1,205		7,774		55		7,547		134
1-4 family mortgage		1,613		1,613		260		1,617		20		1,644		42
Other mortgage		980		980		314		983		12		990		25
Total real estate - mortgage		10,367		10,367		1,779		10,374		87		10,181		201
Consumer		-		-		-		-		-		-		-
Total with allowance recorded		39,168		40,868		7,157		41,508		358		41,080		770

Total Impaired Loans:
Commercial, financial and agricultural		31,430		33,143		4,457		33,973		323		33,797		678
Real estate - construction		3,420		3,422		921		3,423		15		3,423		30
Real estate - mortgage:
Owner-occupied commercial		10,172		10,338		1,205		10,358		92		10,148		210
1-4 family mortgage		4,287		4,287		260		4,295		49		4,360		93
Other mortgage		1,712		1,712		314		1,716		22		1,724		46
Total real estate - mortgage		16,171		16,337		1,779		16,369		163		16,232		349
Consumer		-		-		-		-		-		-		-
Total impaired loans	$	51,021	$	52,902	$	7,157	$	53,765	$	501	$	53,452	$	1,057

	December 31, 2016
							For the twelve months ended December 31, 2016
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized in Period

	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	1,003	$	1,003	$	-	$	992	$	64
Real estate - construction		938		1,802		-		1,159		3
Real estate - mortgage:
Owner-occupied commercial		2,615		2,778		-		2,884		166
1-4 family mortgage		1,899		1,899		-		1,901		102
Other mortgage		940		940		-		965		60
Total real estate - mortgage		5,454		5,617		-		5,750		328
Consumer		3		5		-		6		-
Total with no allowance recorded		7,398		8,427		-		7,907		395

With an allowance recorded:
Commercial, financial and agricultural		26,919		31,728		6,607		26,955		1,162
Real estate - construction		3,376		3,376		923		3,577		68
Real estate - mortgage:
Owner-occupied commercial		6,924		6,924		348		6,934		362
1-4 family mortgage		972		972		274		313		19
Other mortgage		-		-		-		-		-
Total real estate - mortgage		7,896		7,896		622		7,247		381
Consumer		-		-		-		-		-
Total with allowance recorded		38,191		43,000		8,152		37,779		1,611

Total Impaired Loans:
Commercial, financial and agricultural		27,922		32,731		6,607		27,947		1,226
Real estate - construction		4,314		5,178		923		4,736		71
Real estate - mortgage:
Owner-occupied commercial		9,539		9,702		348		9,818		528
1-4 family mortgage		2,871		2,871		274		2,214		121
Other mortgage		940		940		-		965		60
Total real estate - mortgage		13,350		13,513		622		12,997		709
Consumer		3		5		-		6		-
Total impaired loans	$	45,589	$	51,427	$	8,152	$	45,686	$	2,006

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	Three Months Ended June 30, 2017						Six Months Ended June 30, 2017
	Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural		5	$	7,205	$	7,205		5	$	7,205	$	7,205
Real estate - construction		1		997		997		1		997		997
Real estate - mortgage:
Owner-occupied commercial		2		3,664		3,664		2		3,664		3,664
1-4 family mortgage		1		850		850		1		850		850
Other mortgage		-		-		-		-		-		-
Total real estate mortgage		3		4,514		4,514		3		4,514		4,514
Consumer		-		-		-		-		-		-
		9	$	12,716	$	12,716		9	$	12,716	$	12,716

	Three Months Ended June 30, 2016						Six Months Ended June 30, 2016
	Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural		1	$	366	$	366		1	$	366	$	366
Real estate - construction		-		-		-		-		-		-
Real estate - mortgage:
Owner-occupied commercial		-		-		-		-		-		-
1-4 family mortgage		-		-		-		-		-		-
Other mortgage		1		234		234		1		234		234
Total real estate mortgage		1		234		234		1		234		234
Consumer		-		-		-		-		-		-
		2	$	600	$	600		2	$	600	$	600