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, 2021

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

	June 30,			December 31,
	2021			2020
	(Dollars In Thousands)
Commercial, financial and agricultural	$	3,105,243		$	3,295,900
Real estate - construction		782,305			593,614
Real estate - mortgage:
Owner-occupied commercial		1,726,888			1,693,428
1-4 family mortgage		707,546			711,692
Other mortgage		2,262,231			2,106,184
Subtotal: Real estate - mortgage		4,696,665			4,511,304
Consumer		65,481			64,870
Total Loans		8,649,694			8,465,688
Less: Allowance for credit losses		(104,670	)		(87,942	)
Net Loans	$	8,545,024		$	8,377,746


Commercial, financial and agricultural		35.90	%		38.93	%
Real estate - construction		9.04	%		7.01	%
Real estate - mortgage:
Owner-occupied commercial		19.97	%		20.00	%
1-4 family mortgage		8.18	%		8.41	%
Other mortgage		26.15	%		24.89	%
Subtotal: Real estate - mortgage		54.30	%		53.29	%
Consumer		0.76	%		0.77	%
Total Loans		100.00	%		100.00	%

Financing Receivable Based on Year of Origination [Table Text Block]

													Revolving
June 30, 2021	2021		2020		2019		2018		2017		Prior		Loans		Total

Commercial, financial and agricultural
Pass	$	696,886	$	513,646	$	263,641	$	181,874	$	132,091	$	176,608	$	1,068,699	$	3,033,445
Special Mention		760		869		227		8		34		935		6,529		9,362
Substandard		-		558		10,554		562		3,632		2,450		44,680		62,436
Doubtful		-		-		-		-		-		-		-		-
Total Commercial, financial and agricultural	$	697,646	$	515,073	$	274,422	$	182,444	$	135,757	$	179,993	$	1,119,908	$	3,105,243
Real estate - construction
Pass	$	192,709	$	272,865	$	181,888	$	34,403	$	14,319	$	18,915	$	59,495	$	774,594
Special Mention		-		-		7,476		-		-		-		-		7,476
Substandard		-		-		-		-		-		235		-		235
Doubtful		-		-		-		-		-		-		-		-
Total Real estate - construction	$	192,709	$	272,865	$	189,364	$	34,403	$	14,319	$	19,150	$	59,495	$	782,305
Owner-occupied commercial
Pass	$	140,624	$	358,617	$	261,570	$	197,714	$	191,665	$	512,036	$	60,471	$	1,722,697
Special Mention		-		-		-		-		289		1,990		-		2,279
Substandard		-		-		-		-		141		1,771		-		1,912
Doubtful		-		-		-		-		-		-		-		-
Total Owner-occupied commercial	$	140,624	$	358,617	$	261,570	$	197,714	$	192,095	$	515,797	$	60,471	$	1,726,888
1-4 family mortgage
Pass	$	112,165	$	144,375	$	89,615	$	58,027	$	45,026	$	50,650	$	202,552	$	702,410
Special Mention		-		673		553		366		104		582		1,083		3,361
Substandard		-		150		365		-		232		136		892		1,775
Doubtful		-		-		-		-		-		-		-		-
Total 1-4 family mortgage	$	112,165	$	145,198	$	90,533	$	58,393	$	45,362	$	51,368	$	204,527	$	707,546
Other mortgage
Pass	$	292,546	$	455,048	$	472,105	$	211,629	$	331,739	$	407,337	$	67,217	$	2,237,621
Special Mention		-		-		-		-		2,762		8,882		-		11,644
Substandard		-		-		-		4,544		8,422		-		-		12,966
Doubtful		-		-		-		-		-		-		-		-
Total Other mortgage	$	292,546	$	455,048	$	472,105	$	216,173	$	342,923	$	416,219	$	67,217	$	2,262,231
Consumer
Pass	$	13,060	$	5,818	$	3,262	$	1,166	$	1,186	$	4,185	$	36,776	$	65,453
Special Mention		-		-		-		-		-		28		-		28
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total Consumer	$	13,060	$	5,818	$	3,262	$	1,166	$	1,186	$	4,213	$	36,776	$	65,481
Total Loans
Pass	$	1,447,990	$	1,750,369	$	1,272,081	$	684,813	$	716,026	$	1,169,731	$	1,495,210	$	8,536,220
Special Mention		760		1,542		8,256		374		3,189		12,417		7,612		34,150
Substandard		-		708		10,919		5,106		12,427		4,592		45,572		79,324
Doubtful		-		-		-		-		-		-		-		-
Total Loans	$	1,448,750	$	1,752,619	$	1,291,256	$	690,293	$	731,642	$	1,186,740	$	1,548,394	$	8,649,694

													Revolving
December 31, 2020	2020		2019		2018		2017		2016		Prior		Loans		Total

Commercial, financial and agricultural
Pass	$	1,260,341	$	332,690	$	229,838	$	169,616	$	89,893	$	137,021	$	988,093	$	3,207,492
Special Mention		2,551		1,404		10		253		163		281		14,948		19,610
Substandard		569		10,639		617		5,447		963		2,038		48,525		68,798
Doubtful		-		-		-		-		-		-		-		-
Total Commercial, financial and agricultural	$	1,263,461	$	344,733	$	230,465	$	175,316	$	91,019	$	139,340	$	1,051,566	$	3,295,900
Real estate - construction
Pass	$	230,931	$	222,357	$	53,981	$	16,361	$	7,677	$	13,816	$	48,256	$	593,379
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		235		-		235
Doubtful		-		-		-		-		-		-		-		-
Total Real estate - construction	$	230,931	$	222,357	$	53,981	$	16,361	$	7,677	$	14,051	$	48,256	$	593,614
Owner-occupied commercial
Pass	$	351,808	$	271,645	$	221,513	$	198,935	$	158,531	$	417,743	$	61,119	$	1,681,294
Special Mention		-		-		-		6,524		543		1,873		200		9,140
Substandard		-		-		12		780		-		1,962		240		2,994
Doubtful		-		-		-		-		-		-		-		-
Total Owner-occupied commercial	$	351,808	$	271,645	$	221,525	$	206,239	$	159,074	$	421,578	$	61,559	$	1,693,428
1-4 family mortgage
Pass	$	179,314	$	111,016	$	70,381	$	60,774	$	27,985	$	44,111	$	212,616	$	706,197
Special Mention		508		-		-		105		481		-		1,112		2,206
Substandard		350		126		-		235		218		-		2,360		3,289
Doubtful		-		-		-		-		-		-		-		-
Total 1-4 family mortgage	$	180,172	$	111,142	$	70,381	$	61,114	$	28,684	$	44,111	$	216,088	$	711,692
Other mortgage
Pass	$	470,086	$	470,092	$	250,945	$	368,283	$	180,244	$	272,722	$	68,721	$	2,081,093
Special Mention		-		-		-		2,793		541		8,566		-		11,900
Substandard		-		50		4,589		8,552		-		-		-		13,191
Doubtful		-		-		-		-		-		-		-		-
Total Other mortgage	$	470,086	$	470,142	$	255,534	$	379,628	$	180,785	$	281,288	$	68,721	$	2,106,184
Consumer
Pass	$	20,410	$	4,421	$	1,551	$	1,671	$	1,031	$	3,615	$	32,125	$	64,824
Special Mention		-		-		15		-		31		-		-		46
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total Consumer	$	20,410	$	4,421	$	1,566	$	1,671	$	1,062	$	3,615	$	32,125	$	64,870
Total Loans
Pass	$	2,512,890	$	1,412,221	$	828,209	$	815,640	$	465,361	$	889,028	$	1,410,930	$	8,334,279
Special Mention		3,059		1,404		25		9,675		1,759		10,720		16,260		42,902
Substandard		919		10,815		5,218		15,014		1,181		4,235		51,125		88,507
Doubtful		-		-		-		-		-		-		-		-
Total Loans	$	2,516,868	$	1,424,440	$	833,452	$	840,329	$	468,301	$	903,983	$	1,478,315	$	8,465,688

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

June 30, 2021	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	3,095,238	$	10,005	$	3,105,243
Real estate - construction		782,071		234		782,305
Real estate - mortgage:
Owner-occupied commercial		1,725,686		1,202		1,726,888
1-4 family mortgage		706,534		1,012		707,546
Other mortgage		2,257,504		4,727		2,262,231
Total real estate mortgage		4,689,724		6,941		4,696,665
Consumer		65,472		9		65,481
Total	$	8,632,505	$	17,189	$	8,649,694

December 31, 2020	Performing		Nonperforming		Total

	(In Thousands)

Commercial, financial and agricultural	$	3,284,180	$	11,720	$	3,295,900
Real estate - construction		593,380		234		593,614
Real estate - mortgage:
Owner-occupied commercial		1,692,169		1,259		1,693,428
1-4 family mortgage		710,817		875		711,692
Other mortgage		2,101,379		4,805		2,106,184
Total real estate mortgage		4,504,365		6,939		4,511,304
Consumer		64,809		61		64,870
Total	$	8,446,734	$	18,954	$	8,465,688

Financing Receivable, Past Due [Table Text Block]

June 30, 2021	Past Due Status (Accruing Loans)
							Total Past		Total						Nonaccrual
	30-59 Days		60-89 Days		90+ Days		Due		Nonaccrual		Current		Total Loans		With no ACL

	(In Thousands)
Commercial, financial and agricultural	$	535	$	7	$	31	$	573	$	9,974	$	3,094,696	$	3,105,243	$	3,706
Real estate - construction		-		-		-		-		234		782,071		782,305		-
Real estate - mortgage:
Owner-occupied commercial		255		-		-		255		1,202		1,725,431		1,726,888		1,061
1-4 family mortgage		471		504		121		1,096		891		705,559		707,546		375
Other mortgage		12		-		4,727		4,739		-		2,257,492		2,262,231		-
Total real estate - mortgage		738		504		4,848		6,090		2,093		4,688,482		4,696,665		1,436
Consumer		32		58		9		99		-		65,382		65,481		-
Total	$	1,305	$	569	$	4,888	$	6,762	$	12,301	$	8,630,631	$	8,649,694	$	5,142

December 31, 2020	Past Due Status (Accruing Loans)
							Total Past		Total						Nonaccrual
	30-59 Days		60-89 Days		90+ Days		Due		Nonaccrual		Current		Total Loans		With no ACL

	(In Thousands)
Commercial, financial and agricultural	$	92	$	1,738	$	11	$	1,841	$	11,709	$	3,282,350	$	3,295,900	$	5,101
Real estate - construction		-		-		-		-		234		593,380		593,614		-
Real estate - mortgage:
Owner-occupied commercial		-		995		-		995		1,259		1,691,174		1,693,428		467
1-4 family mortgage		61		1,073		104		1,238		771		709,683		711,692		512
Other mortgage		18		-		4,805		4,823		-		2,101,361		2,106,184		-
Total real estate - mortgage		79		2,068		4,909		7,056		2,030		4,502,218		4,511,304		979
Consumer		64		13		61		138		-		64,732		64,870		-
Total	$	235	$	3,819	$	4,981	$	9,035	$	13,973	$	8,442,680	$	8,465,688	$	6,080

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 June 30, 2021
Allowance for credit losses:
Balance at March 31, 2021	$	38,232		$	19,391		$	35,607		$	1,676		$	94,906
Charge-offs		(150	)		-			(59	)		(54	)		(263	)
Recoveries		298			2			62			13			375
Provision		4,053			3,020			2,920			(341	)		9,652
Balance at June 30, 2021	$	42,433		$	22,413		$	38,530		$	1,294		$	104,670

	Three Months Ended June 30, 2020
Allowance for loan losses:
Balance at March 31, 2020	$	48,780		$	3,757		$	32,360		$	517		$	85,414
Charge-offs		(1,358	)		(376	)		(2,520	)		(62	)		(4,316	)
Recoveries		84			1			13			28			126
Provision		480			1,149			8,546			108			10,283
Balance at June 30, 2020	$	47,986		$	4,531		$	38,399		$	591		$	91,507

	Six Months Ended June 30, 2021
Allowance for credit losses:
Balance at December 31, 2020	$	36,370		$	16,057		$	33,722		$	1,793		$	87,942
Charge-offs		(627	)		-			(71	)		(141	)		(839	)
Recoveries		324			52			64			24			464
Provision		6,366			6,304			4,815			(382	)		17,103
Balance at June 30, 2021	$	42,433		$	22,413		$	38,530		$	1,294		$	104,670

	Six Months Ended June 30, 2020
Allowance for loan losses:
Balance at December 31, 2019	$	43,666		$	2,768		$	29,653		$	497		$	76,584
Charge-offs		(3,998	)		(830	)		(4,198	)		(120	)		(9,146	)
Recoveries		146			2			14			40			202
Provision		8,172			2,591			12,930			174			23,867
Balance at June 30, 2020	$	47,986		$	4,531		$	38,399		$	591		$	91,507


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

	(In Thousands)
Allowance for loan losses:
Individually Evaluated for Impairment	$	63,531	$	616	$	8,004	$	9	$	72,160
Collectively Evaluated for Impairment		3,435,096		543,970		4,203,758		60,391		8,243,215

Loans:
Ending Balance	$	3,498,627	$	544,586	$	4,211,762	$	60,400	$	8,315,375
Individually Evaluated for Impairment		63,531		616		8,004		9		72,160
Collectively Evaluated for Impairment		3,435,096		543,970		4,203,758		60,391		8,243,215

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

			Accounts								ACL
June 30, 2021	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	13,994	$	25,879	$	17,006	$	5,558	$	62,437	$	10,001
Real estate - construction		235		-		-		-		235		1
Real estate - mortgage:
Owner-occupied commercial		1,199		714		-		-		1,913		592
1-4 family mortgage		1,700		-		-		25		1,725		67
Other mortgage		13,014		-		-		-		13,014		-
Total real estate - mortgage		15,913		714		-		25		16,652		659
Consumer		-		-		-		-		-		-
Total	$	30,142	$	26,593	$	17,006	$	5,583	$	79,324	$	10,661

			Accounts								ACL
December 31, 2020	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	19,373	$	27,952	$	16,877	$	4,594	$	68,796	$	7,142
Real estate - construction		235		-		-		-		235		1
Real estate - mortgage:
Owner-occupied commercial		2,012		971		-		12		2,995		499
1-4 family mortgage		3,264		-		-		24		3,288		48
Other mortgage		13,191		-		-		-		13,191		-
Total real estate - mortgage		18,467		971		-		36		19,474		547
Consumer		-		-		-		-		-		-
Total	$	38,075	$	28,923	$	16,877	$	4,630	$	88,505	$	7,690

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	Three Months Ended June 30, 2021						Six Months Ended June 30, 2021
			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		2	$	1,155	$	1,155		2	$	1,155	$	1,155
Real estate - construction		-		-		-		-		-		-
Real estate - mortgage:
Owner-occupied commercial		1		991		991		1		991		991
1-4 family mortgage		-		-		-		-		-		-
Other mortgage		-		-		-		-		-		-
Total real estate mortgage		1		991		991		1		991		991
Consumer		-		-		-		-		-		-
		3	$	2,146	$	2,146		3	$	2,146	$	2,146

	Three Months Ended June 30, 2020						Six Months Ended June 30, 2020
			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	$	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