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)

9 Months Ended

Sep. 30, 2019

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

	September 30,			December 31,
	2019			2018

	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,653,934		$	2,513,225
Real estate - construction		550,871			533,192
Real estate - mortgage:
Owner-occupied commercial		1,526,911			1,463,887
1-4 family mortgage		632,346			621,634
Other mortgage		1,592,072			1,337,068
Subtotal: Real estate - mortgage		3,751,329			3,422,589
Consumer		65,935			64,493
Total Loans		7,022,069			6,533,499
Less: Allowance for loan losses		(77,192	)		(68,600	)
Net Loans	$	6,944,877		$	6,464,899


Commercial, financial and agricultural		37.79	%		38.47	%
Real estate - construction		7.85	%		8.16	%
Real estate - mortgage:
Owner-occupied commercial		21.74	%		22.41	%
1-4 family mortgage		9.01	%		9.51	%
Other mortgage		22.67	%		20.46	%
Subtotal: Real estate - mortgage		53.42	%		52.39	%
Consumer		0.94	%		0.99	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

			Special
September 30, 2019	Pass		Mention		Substandard		Doubtful		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,573,465	$	58,639	$	21,830	$	-	$	2,653,934
Real estate - construction		540,560		6,011		4,300		-		550,871
Real estate - mortgage:
Owner-occupied commercial		1,492,829		12,972		21,110		-		1,526,911
1-4 family mortgage		629,806		947		1,593		-		632,346
Other mortgage		1,571,238		19,332		1,502		-		1,592,072
Total real estate mortgage		3,693,873		33,251		24,205		-		3,751,329
Consumer		65,935		-		-		-		65,935
Total	$	6,873,833	$	97,901	$	50,335	$	-	$	7,022,069

			Special
December 31, 2018	Pass		Mention		Substandard		Doubtful		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,447,052	$	47,754	$	18,419	$	-	$	2,513,225
Real estate - construction		525,021		6,749		1,422		-		533,192
Real estate - mortgage:
Owner-occupied commercial		1,431,982		28,547		3,358		-		1,463,887
1-4 family mortgage		616,884		2,703		2,047		-		621,634
Other mortgage		1,309,101		16,506		11,461		-		1,337,068
Total real estate mortgage		3,357,967		47,756		16,866		-		3,422,589
Consumer		64,444		-		49		-		64,493
Total	$	6,394,484	$	102,259	$	36,756	$	-	$	6,533,499

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

September 30, 2019	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,637,785	$	16,149	$	2,653,934
Real estate - construction		549,283		1,588		550,871
Real estate - mortgage:
Owner-occupied commercial		1,511,666		15,245		1,526,911
1-4 family mortgage		630,755		1,591		632,346
Other mortgage		1,585,609		6,463		1,592,072
Total real estate mortgage		3,728,030		23,299		3,751,329
Consumer		65,923		12		65,935
Total	$	6,981,020	$	41,049	$	7,022,069

December 31, 2018	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,502,117	$	11,108	$	2,513,225
Real estate - construction		532,195		997		533,192
Real estate - mortgage:
Owner-occupied commercial		1,460,529		3,358		1,463,887
1-4 family mortgage		619,465		2,169		621,634
Other mortgage		1,327,038		10,030		1,337,068
Total real estate mortgage		3,407,032		15,557		3,422,589
Consumer		64,385		108		64,493
Total	$	6,505,729	$	27,770	$	6,533,499

Financing Receivable, Past Due [Table Text Block]

September 30, 2019	Past Due Status (Accruing Loans)
							Total Past
	30-59 Days		60-89 Days		90+ Days		Due		Non-Accrual		Current		Total Loans

	(In Thousands)
Commercial, financial and agricultural	$	4,519	$	1,127	$	119	$	5,765	$	16,030	$	2,632,139	$	2,653,934
Real estate - construction		650		-		-		650		1,588		548,633		550,871
Real estate - mortgage:
Owner-occupied commercial		9,005		-		118		9,123		15,127		1,502,661		1,526,911
1-4 family mortgage		2,229		600		112		2,941		1,480		627,925		632,346
Other mortgage		31		375		4,956		5,362		1,507		1,585,203		1,592,072
Total real estate - mortgage		11,265		975		5,186		17,426		18,114		3,715,789		3,751,329
Consumer		31		44		12		87		-		65,848		65,935
Total	$	16,465	$	2,146	$	5,317	$	23,928	$	35,732	$	6,962,409	$	7,022,069

December 31, 2018	Past Due Status (Accruing Loans)
							Total Past
	30-59 Days		60-89 Days		90+ Days		Due		Non-Accrual		Current		Total Loans

	(In Thousands)
Commercial, financial and agricultural	$	1,222	$	48	$	605	$	1,875	$	10,503	$	2,500,847	$	2,513,225
Real estate - construction		-		1,352		-		1,352		997		530,843		533,192
Real estate - mortgage:
Owner-occupied commercial		412		-		-		412		3,358		1,460,117		1,463,887
1-4 family mortgage		534		235		123		892		2,046		618,696		621,634
Other mortgage		1,174		-		5,008		6,182		5,022		1,325,864		1,337,068
Total real estate - mortgage		2,120		235		5,131		7,486		10,426		3,404,677		3,422,589
Consumer		58		123		108		289		-		64,204		64,493
Total	$	3,400	$	1,758	$	5,844	$	11,002	$	21,926	$	6,500,571	$	6,533,499

Financing Receivable, Allowance for Credit Loss [Table Text Block]

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

	(In Thousands)
	Three Months Ended September 30, 2019
Allowance for loan losses:
Balance at June 30, 2019	$	38,709		$	3,419		$	28,783		$	475		$	71,386
Charge-offs		(3,626	)		-			(4,974	)		(172	)		(8,772	)
Recoveries		126			1			-			60			187
Allocation from LGP		4,905			115			2,386			-			7,406
Provision		5,108			(343	)		2,069			151			6,985
Balance at September 30, 2019	$	45,222		$	3,192		$	28,264		$	514		$	77,192

	Three Months Ended September 30, 2018
Allowance for loan losses:
Balance at June 30, 2018	$	36,178		$	4,062		$	23,438		$	561		$	64,239
Charge-offs		(3,923	)		-			(48	)		(76	)		(4,047	)
Recoveries		52			4			1			6			63
Provision		6,794			(132	)		(62	)		24			6,624
Balance at September 30, 2018	$	39,101		$	3,934		$	23,329		$	515		$	66,879

	Nine Months Ended September 30, 2019
Allowance for loan losses:
Balance at December 31, 2018	$	39,016		$	3,522		$	25,508		$	554		$	68,600
Charge-offs		(10,273	)		-			(5,193	)		(453	)		(15,919	)
Recoveries		255			2			11			83			351
Allocation from LGP		4,905			115			2,386			-			7,406
Provision		11,319			(447	)		5,552			330			16,754
Balance at September 30, 2019	$	45,222		$	3,192		$	28,264		$	514		$	77,192

	Nine Months Ended September 30, 2018
Allowance for loan losses:
Balance at December 31, 2017	$	32,880		$	4,989		$	21,022		$	515		$	59,406
Charge-offs		(6,743	)		-			(869	)		(211	)		(7,823	)
Recoveries		229			108			44			31			412
Provision		12,735			(1,163	)		3,132			180			14,884
Balance at September 30, 2018	$	39,101		$	3,934		$	23,329		$	515		$	66,879

	As of September 30, 2019
Allowance for loan losses:
Individually Evaluated for Impairment	$	7,165	$	110	$	2,013	$	-	$	9,288
Collectively Evaluated for Impairment		38,057		3,082		26,251		514		67,904

Loans:
Ending Balance	$	2,653,934	$	550,871	$	3,751,329	$	65,935	$	7,022,069
Individually Evaluated for Impairment		21,855		4,332		25,306		-		51,493
Collectively Evaluated for Impairment		2,632,079		546,539		3,726,023		65,935		6,970,576

	As of December 31, 2018
Allowance for loan losses:
Individually Evaluated for Impairment	$	6,066	$	126	$	1,887	$	49	$	8,128
Collectively Evaluated for Impairment		32,950		3,396		23,621		505		60,472

Loans:
Ending Balance	$	2,513,225	$	533,192	$	3,422,589	$	64,493	$	6,533,499
Individually Evaluated for Impairment		18,444		1,461		18,637		49		38,591
Collectively Evaluated for Impairment		2,494,781		531,731		3,403,952		64,444		6,494,908

Impaired Financing Receivables [Table Text Block]

							For the three months					For the nine months
							ended September 30,					ended September 30,
	September 30, 2019						2019					2019
									Interest					Interest
			Unpaid				Average		Income			Average		Income
	Recorded		Principal		Related		Recorded		Recognized			Recorded		Recognized
	Investment		Balance		Allowance		Investment		in Period			Investment		in Period

	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	2,705	$	4,308	$	-	$	3,186	$	50		$	3,799	$	129
Real estate - construction		2,744		2,747		-		2,423		39			1,834		80
Real estate - mortgage:
Owner-occupied commercial		7,341		7,436		-		7,414		120			7,625		506
1-4 family mortgage		298		298		-		315		-			321		2
Other mortgage		-		-		-		-		-			-		-
Total real estate - mortgage		7,639		7,734		-		7,729		120			7,946		508
Consumer		-		-		-		-		-			-		-
Total with no allowance recorded		13,088		14,789		-		13,338		209			13,579		717

With an allowance recorded:
Commercial, financial and agricultural		19,150		26,551		7,165		21,260		15			22,568		467
Real estate - construction		1,588		1,588		110		1,588		(14	)		1,623		27
Real estate - mortgage:
Owner-occupied commercial		14,867		18,173		1,159		19,664		61			19,850		548
1-4 family mortgage		1,293		1,293		204		1,293		1			1,296		3
Other mortgage		1,507		1,507		650		1,507		(23	)		1,456		21
Total real estate - mortgage		17,667		20,973		2,013		22,464		39			22,602		572
Consumer		-		-		-		-		-			-		-
Total with allowance recorded		38,405		49,112		9,288		45,312		40			46,793		1,066

Total Impaired Loans:
Commercial, financial and agricultural		21,855		30,859		7,165		24,446		65			26,367		596
Real estate - construction		4,332		4,335		110		4,011		25			3,457		107
Real estate - mortgage:
Owner-occupied commercial		22,208		25,609		1,159		27,078		181			27,475		1,054
1-4 family mortgage		1,591		1,591		204		1,608		1			1,617		5
Other mortgage		1,507		1,507		650		1,507		(23	)		1,456		21
Total real estate - mortgage		25,306		28,707		2,013		30,193		159			30,548		1,080
Consumer		-		-		-		-		-			-		-
Total impaired loans	$	51,493	$	63,901	$	9,288	$	58,650	$	249		$	60,372	$	1,783

December 31, 2018
							For the twelve months
							ended December 31, 2018
			Unpaid				Average		Interest Income
	Recorded		Principal		Related		Recorded		Recognized in
	Investment		Balance		Allowance		Investment		Period

	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	6,064	$	6,064	$	-	$	6,142	$	237
Real estate - construction		464		467		-		524		28
Real estate - mortgage:
Owner-occupied commercial		1,763		1,947		-		2,223		120
1-4 family mortgage		1,071		1,071		-		1,088		21
Other mortgage		5,061		5,061		-		5,133		252
Total real estate - mortgage		7,895		8,079		-		8,444		393
Consumer		-		-		-		-		-
Total with no allowance recorded		14,423		14,610		-		15,110		658

With an allowance recorded:
Commercial, financial and agricultural		12,380		20,141		6,066		15,918		462
Real estate - construction		997		997		126		997		31
Real estate - mortgage:
Owner-occupied commercial		3,358		3,358		99		3,364		105
1-4 family mortgage		975		975		208		975		30
Other mortgage		6,409		6,409		1,580		6,598		217
Total real estate - mortgage		10,742		10,742		1,887		10,937		352
Consumer		49		49		49		49		3
Total with allowance recorded		24,168		31,929		8,128		27,901		848

Total Impaired Loans:
Commercial, financial and agricultural		18,444		26,205		6,066		22,060		699
Real estate - construction		1,461		1,464		126		1,521		59
Real estate - mortgage:
Owner-occupied commercial		5,121		5,305		99		5,587		225
1-4 family mortgage		2,046		2,046		208		2,063		51
Other mortgage		11,470		11,470		1,580		11,731		469
Total real estate - mortgage		18,637		18,821		1,887		19,381		745
Consumer		49		49		49		49		3
Total impaired loans	$	38,591	$	46,539	$	8,128	$	43,011	$	1,506

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	Three Months Ended September 30, 2019						Nine Months Ended September 30, 2019
			Pre-		Post-				Pre-		Post-
			Modification		Modification				Modification		Modification
			Outstanding		Outstanding				Outstanding		Outstanding
	Number of		Recorded		Recorded		Number of		Recorded		Recorded
	Contracts		Investment		Investment		Contracts		Investment		Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural		-	$	-	$	-		1	$	2,742	$	2,742
Real estate - construction		-		-		-		-		-		-
Real estate - mortgage:
Owner-occupied commercial		-		-		-		-		-		-
1-4 family mortgage		-		-		-		-		-		-
Other mortgage		-		-		-		-		-		-
Total real estate mortgage		-		-		-		-		-		-
Consumer		-		-		-		-		-		-
		-	$	-	$	-		1	$	2,742	$	2,742

	Three Months Ended September 30, 2018						Nine Months Ended September 30, 2018
			Pre-		Post-				Pre-		Post-
			Modification		Modification				Modification		Modification
			Outstanding		Outstanding				Outstanding		Outstanding
	Number of		Recorded		Recorded		Number of		Recorded		Recorded
	Contracts		Investment		Investment		Contracts		Investment		Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural		6	$	7,242	$	7,242		6	$	7,242	$	7,242
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		-		-		-		-		-		-
		10	$	12,753	$	12,753		10	$	12,753	$	12,753

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018

	(In thousands)
Defaulted during the period, where modified in a TDR twelve months prior to default
Commercial, financial and agricultural	$	-	$	-	$	325	$	268
Real estate - construction		-		-		-		-
Real estate - mortgage:
Owner-occupied commercial		-		-		-		-
1-4 family mortgage		-		-		-		-
Other mortgage		-		-		-		-
Total real estate mortgage		-		-		-		-
Consumer		-		-		-		-
	$	-	$	-	$	325	$	268