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)

3 Months Ended

Mar. 31, 2020

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

	March 31,			December 31,
	2020			2019
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,771,307		$	2,696,210
Real estate - construction		548,578			521,392
Real estate - mortgage:
Owner-occupied commercial		1,678,532			1,587,478
1-4 family mortgage		675,870			644,188
Other mortgage		1,834,137			1,747,394
Subtotal: Real estate - mortgage		4,188,539			3,979,060
Consumer		60,412			64,789
Total Loans		7,568,836			7,261,451
Less: Allowance for loan losses		(85,414	)		(76,584	)
Net Loans	$	7,483,422		$	7,184,867


Commercial, financial and agricultural		36.61	%		37.13	%
Real estate - construction		7.25	%		7.18	%
Real estate - mortgage:
Owner-occupied commercial		22.18	%		21.86	%
1-4 family mortgage		8.93	%		8.87	%
Other mortgage		24.23	%		24.07	%
Subtotal: Real estate - mortgage		55.34	%		54.80	%
Consumer		0.80	%		0.89	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

			Special
March 31, 2020	Pass		Mention		Substandard		Doubtful		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,708,845	$	17,902	$	44,560	$	-	$	2,771,307
Real estate - construction		542,659		4,136		1,783		-		548,578
Real estate - mortgage:
Owner-occupied commercial		1,658,909		11,014		8,609		-		1,678,532
1-4 family mortgage		671,407		2,080		2,383		-		675,870
Other mortgage		1,824,825		7,557		1,755		-		1,834,137
Total real estate - mortgage		4,155,141		20,651		12,747		-		4,188,539
Consumer		60,403		-		9		-		60,412
Total	$	7,467,048	$	42,689	$	59,099	$	-	$	7,568,836

			Special
December 31, 2019	Pass		Mention		Substandard		Doubtful		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,629,487	$	46,176	$	20,547	$	-	$	2,696,210
Real estate - construction		512,373		4,731		4,288		-		521,392
Real estate - mortgage:
Owner-occupied commercial		1,555,283		18,240		13,955		-		1,587,478
1-4 family mortgage		639,959		2,787		1,442		-		644,188
Other mortgage		1,735,869		10,018		1,507		-		1,747,394
Total real estate - mortgage		3,931,111		31,045		16,904		-		3,979,060
Consumer		64,789		-		-		-		64,789
Total	$	7,137,760	$	81,952	$	41,739	$	-	$	7,261,451

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

March 31, 2020	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,756,132	$	15,175	$	2,771,307
Real estate - construction		546,774		1,804		548,578
Real estate - mortgage:
Owner-occupied commercial		1,668,297		10,235		1,678,532
1-4 family mortgage		674,134		1,736		675,870
Other mortgage		1,829,244		4,893		1,834,137
Total real estate - mortgage		4,171,675		16,864		4,188,539
Consumer		60,387		25		60,412
Total	$	7,534,968	$	33,868	$	7,568,836

December 31, 2019	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial
and agricultural	$	2,681,280	$	14,930	$	2,696,210
Real estate - construction		519,803		1,589		521,392
Real estate - mortgage:
Owner-occupied commercial		1,576,652		10,826		1,587,478
1-4 family mortgage		641,875		2,313		644,188
Other mortgage		1,740,963		6,431		1,747,394
Total real estate - mortgage		3,959,490		19,570		3,979,060
Consumer		64,766		23		64,789
Total	$	7,225,339	$	36,112	$	7,261,451

Financing Receivable, Past Due [Table Text Block]

March 31, 2020	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	$	1,859	$	211	$	45	$	2,115	$	15,130	$	2,754,062	$	2,771,307
Real estate - construction		-		-		-		-		1,804		546,774		548,578
Real estate - mortgage:
Owner-occupied commercial		2,389		1,778		-		4,167		10,235		1,664,130		1,678,532
1-4 family mortgage		2,191		-		-		2,191		1,736		671,943		675,870
Other mortgage		-		-		4,893		4,893		-		1,829,244		1,834,137
Total real estate - mortgage		4,580		1,778		4,893		11,251		11,971		4,165,317		4,188,539
Consumer		83		31		16		130		9		60,273		60,412
Total	$	6,522	$	2,020	$	4,954	$	13,496	$	28,914	$	7,526,426	$	7,568,836

December 31, 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	$	3,135	$	344	$	201	$	3,680	$	14,729	$	2,677,801	$	2,696,210
Real estate - construction		830		-		-		830		1,589		518,973		521,392
Real estate - mortgage:
Owner-occupied commercial		917		7,242		-		8,159		10,826		1,568,493		1,587,478
1-4 family mortgage		1,638		567		873		3,078		1,440		639,670		644,188
Other mortgage		-		-		4,924		4,924		1,507		1,740,963		1,747,394
Total real estate - mortgage		2,555		7,809		5,797		16,161		13,773		3,949,126		3,979,060
Consumer		35		25		23		83		-		64,706		64,789
Total	$	6,555	$	8,178	$	6,021	$	20,754	$	30,091	$	7,210,606	$	7,261,451

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 March 31, 2020
Allowance for loan losses:
Balance at December 31, 2019	$	43,666		$	2,768		$	29,653		$	497		$	76,584
Charge-offs		(2,640	)		(454	)		(1,678	)		(58	)		(4,830	)
Recoveries		62			1			1			12			76
Provision		7,692			1,442			4,384			66			13,584
Balance at March 31, 2020	$	48,780		$	3,757		$	32,360		$	517		$	85,414

	Three Months Ended March 31, 2019
Allowance for loan losses:
Balance at December 31, 2018	$	39,016		$	3,522		$	25,508		$	554		$	68,600
Charge-offs		(3,037	)		-			(50	)		(218	)		(3,305	)
Recoveries		12			1			7			7			27
Provision		3,468			72			1,246			99			4,885
Balance at March 31, 2019	$	39,459		$	3,595		$	26,711		$	442		$	70,207

	As of March 31, 2020
Allowance for loan losses:
Individually Evaluated for Impairment	$	8,840		$	351		$	931		$	-		$	10,122
Collectively Evaluated for Impairment		39,940			3,406			31,429			517			75,292

Loans:
Ending Balance	$	2,771,307		$	548,578		$	4,188,539		$	60,412		$	7,568,836
Individually Evaluated for Impairment		44,868			1,834			13,815			9			60,526
Collectively Evaluated for Impairment		2,726,439			546,744			4,174,724			60,403			7,508,310

	As of December 31, 2019
Allowance for loan losses:
Individually Evaluated for Impairment	$	6,085		$	86		$	3,633		$	-		$	9,804
Collectively Evaluated for Impairment		37,581			2,682			26,020			497			66,780

Loans:
Ending Balance	$	2,696,210		$	521,392		$	3,979,060		$	64,789		$	7,261,451
Individually Evaluated for Impairment		20,843			4,320			17,985			-			43,148
Collectively Evaluated for Impairment		2,675,367			517,072			3,961,075			64,789			7,218,303

Impaired Financing Receivables [Table Text Block]

	March 31, 2020
							For the three months
							ended March 31, 2020
									Interest
			Unpaid				Average		Income
	Recorded		Principal		Related		Recorded		Recognized
	Investment		Balance		Allowance		Investment		in Period
	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	12,360	$	12,360	$	-	$	12,352	$	176
Real estate - construction		30		34		-		35		-
Real estate - mortgage:
Owner-occupied commercial		2,195		2,291		-		2,299		33
1-4 family mortgage		717		717		-		735		1
Other mortgage		1,701		1,701		-		1,731		18
Total real estate - mortgage		4,613		4,709		-		4,765		52
Consumer		9		9		-		9		-
Total with no allowance recorded		17,012		17,112		-		17,161		228

With an allowance recorded:
Commercial, financial and agricultural		32,508		32,775		8,840		33,186		239
Real estate - construction		1,804		1,882		351		2,749		-
Real estate - mortgage:
Owner-occupied commercial		7,487		12,127		827		12,159		5
1-4 family mortgage		1,662		1,822		104		1,526		4
Other mortgage		53		53		-		156		2
Total real estate - mortgage		9,202		14,002		931		13,841		11
Consumer		-		-		-		-		-
Total with allowance recorded		43,514		48,659		10,122		49,776		250

Total Impaired Loans:
Commercial, financial and agricultural		44,868		45,135		8,840		45,538		415
Real estate - construction		1,834		1,916		351		2,784		-
Real estate - mortgage:
Owner-occupied commercial		9,682		14,418		827		14,458		38
1-4 family mortgage		2,379		2,539		104		2,261		5
Other mortgage		1,754		1,754		-		1,887		20
Total real estate - mortgage		13,815		18,711		931		18,606		63
Consumer		9		9		-		9		-
Total impaired loans	$	60,526	$	65,771	$	10,122	$	66,937	$	478

	December 31, 2019
							For the twelve months
							ended December 31, 2019
									Interest
			Unpaid				Average		Income
	Recorded		Principal		Related		Recorded		Recognized
	Investment		Balance		Allowance		Investment		In Period
	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	9,015	$	10,563	$	-	$	11,284	$	562
Real estate - construction		2,731		2,735		-		2,063		126
Real estate - mortgage:
Owner-occupied commercial		7,150		7,246		-		7,548		618
1-4 family mortgage		287		287		-		289		2
Total real estate - mortgage		7,437		7,533		-		7,837		620
Consumer		-		-		-		-		-
Total with no allowance recorded		19,183		20,831		-		21,184		1,308

With an allowance recorded:
Commercial, financial and agricultural		11,828		19,307		6,085		19,714		395
Real estate - construction		1,589		1,589		86		1,614		27
Real estate - mortgage:
Owner-occupied commercial		7,888		11,028		2,456		13,627		301
1-4 family mortgage		1,153		1,153		176		1,157		1
Other mortgage		1,507		1,507		1,001		1,468		21
Total real estate - mortgage		10,548		13,688		3,633		16,252		323
Consumer		-		-		-		-		-
Total with allowance recorded		23,965		34,584		9,804		37,580		745

Total Impaired Loans:
Commercial, financial and agricultural		20,843		29,870		6,085		30,998		957
Real estate - construction		4,320		4,324		86		3,677		153
Real estate - mortgage:
Owner-occupied commercial		15,038		18,274		2,456		21,175		919
1-4 family mortgage		1,440		1,440		176		1,446		3
Other mortgage		1,507		1,507		1,001		1,468		21
Total real estate - mortgage		17,985		21,221		3,633		24,089		943
Total impaired loans	$	43,148	$	55,415	$	9,804	$	58,764	$	2,053

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	2020
			Pre-		Post-
			Modification		Modification
			Outstanding		Outstanding
	Number of		Recorded		Recorded
	Contracts		Investment		Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural		1	$	350	$	350
Real estate - construction		-		-		-
Real estate - mortgage:
Owner-occupied commercial		-		-		-
1-4 family mortgage		-		-		-
Other mortgage		-		-		-
Total real estate mortgage		-		-		-
Consumer		-		-		-
		1	$	350	$	350