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, 2022

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

	September 30,			December 31,
	2022			2021

	(Dollars In Thousands)
Commercial, financial and agricultural	$	3,104,155		$	2,984,053
Real estate - construction		1,433,698			1,103,076
Real estate - mortgage:
Owner-occupied commercial		2,145,621			1,874,103
1-4 family mortgage		1,089,826			826,765
Other mortgage		3,438,762			2,678,084
Subtotal: Real estate - mortgage		6,674,209			5,378,952
Consumer		66,552			66,853
Total Loans		11,278,614			9,532,934
Less: Allowance for credit losses		(140,967	)		(116,660	)
Net Loans	$	11,137,647		$	9,416,274


Commercial, financial and agricultural		27.52	%		31.30	%
Real estate - construction		12.71	%		11.57	%
Real estate - mortgage:
Owner-occupied commercial		19.02	%		19.66	%
1-4 family mortgage		9.66	%		8.67	%
Other mortgage		30.50	%		28.09	%
Subtotal: Real estate - mortgage		59.18	%		56.42	%
Consumer		0.59	%		0.70	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

													Revolving
September 30, 2022	2022		2021		2020		2019		2018		Prior		Loans		Total
	(In thousands)
Commercial, financial and agricultural
Pass	$	602,395	$	528,653	$	240,523	$	151,397	$	86,005	$	147,217	$	1,247,732	$	3,003,922
Special Mention		5,720		2,674		1,199		580		475		10,411		21,505		42,564
Substandard		-		-		381		9,645		3,381		8,699		35,563		57,669
Doubtful		-		-		-		-		-		-		-		-
Total Commercial, financial and agricultural	$	608,115	$	531,327	$	242,103	$	161,622	$	89,861	$	166,327	$	1,304,800	$	3,104,155
Real estate - construction
Pass	$	473,174	$	627,269	$	208,182	$	19,262	$	12,481	$	20,208	$	68,533	$	1,429,109
Special Mention		2,500		-		-		-		-		876		-		3,376
Substandard		-		-		-		-		1,213		-		-		1,213
Doubtful		-		-		-		-		-		-		-		-
Total Real estate - construction	$	475,674	$	627,269	$	208,182	$	19,262	$	13,694	$	21,084	$	68,533	$	1,433,698
Owner-occupied commercial
Pass	$	342,593	$	496,759	$	350,151	$	205,457	$	163,853	$	499,130	$	67,827	$	2,125,770
Special Mention		2,375		199		-		2,730		2,188		8,441		-		15,933
Substandard		-		-		-		73		-		3,845		-		3,918
Doubtful		-		-		-		-		-		-		-		-
Total Owner-occupied commercial	$	344,968	$	496,958	$	350,151	$	208,260	$	166,041	$	511,416	$	67,827	$	2,145,621
1-4 family mortgage
Pass	$	341,944	$	276,451	$	97,968	$	55,579	$	29,782	$	61,967	$	217,420	$	1,081,111
Special Mention		82		445		828		376		424		983		3,055		6,193
Substandard		-		80		156		785		221		958		322		2,522
Doubtful		-		-		-		-		-		-		-		-
Total 1-4 family mortgage	$	342,026	$	276,976	$	98,952	$	56,740	$	30,427	$	63,908	$	220,797	$	1,089,826
Other mortgage
Pass	$	913,219	$	928,942	$	496,188	$	390,408	$	142,416	$	486,039	$	61,875	$	3,419,087
Special Mention		232		-		-		-		-		7,231		-		7,463
Substandard		-		-		-		130		4,800		7,282		-		12,212
Doubtful		-		-		-		-		-		-		-		-
Total Other mortgage	$	913,451	$	928,942	$	496,188	$	390,538	$	147,216	$	500,552	$	61,875	$	3,438,762
Consumer
Pass	$	7,713	$	6,310	$	3,297	$	1,859	$	473	$	17,005	$	29,836	$	66,493
Special Mention		-		-		-		-		-		16		-		16
Substandard		-		43		-		-		-		-		-		43
Doubtful		-		-		-		-		-		-		-		-
Total Consumer	$	7,713	$	6,353	$	3,297	$	1,859	$	473	$	17,021	$	29,836	$	66,552
Total Loans
Pass	$	2,681,038	$	2,864,384	$	1,396,309	$	823,962	$	435,010	$	1,231,566	$	1,693,223	$	11,125,492
Special Mention		10,909		3,318		2,027		3,686		3,087		27,958		24,560		75,545
Substandard		-		123		537		10,633		9,615		20,784		35,885		77,577
Doubtful		-		-		-		-		-		-		-		-
Total Loans	$	2,691,947	$	2,867,825	$	1,398,873	$	838,281	$	447,712	$	1,280,308	$	1,753,668	$	11,278,614

													Revolving
December 31, 2021	2021		2020		2019		2018		2017		Prior		Loans		Total
	(In thousands)
Commercial, financial and agricultural
Pass	$	800,822	$	294,841	$	209,086	$	130,579	$	114,870	$	127,572	$	1,216,153	$	2,893,923
Special Mention		1,245		1,323		942		846		915		784		19,801		25,856
Substandard		-		387		10,039		1,741		1,501		7,966		42,640		64,274
Doubtful		-		-		-		-		-		-		-		-
Total Commercial, financial and agricultural	$	802,067	$	296,551	$	220,067	$	133,166	$	117,286	$	136,322	$	1,278,594	$	2,984,053
Real estate - construction
Pass	$	597,497	$	260,723	$	110,671	$	16,452	$	13,704	$	17,356	$	76,662	$	1,093,065
Special Mention		-		-		6,594		2,500		-		917		-		10,011
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total Real estate - construction	$	597,497	$	260,723	$	117,265	$	18,952	$	13,704	$	18,273	$	76,662	$	1,103,076
Owner-occupied commercial
Pass	$	406,473	$	352,642	$	231,197	$	182,812	$	162,648	$	430,638	$	96,860	$	1,863,270
Special Mention		101		-		2,417		779		476		2,688		-		6,461
Substandard		-		-		-		-		-		4,372		-		4,372
Doubtful		-		-		-		-		-		-		-		-
Total Owner-occupied commercial	$	406,574	$	352,642	$	233,614	$	183,591	$	163,124	$	437,698	$	96,860	$	1,874,103
1-4 family mortgage
Pass	$	299,686	$	117,579	$	68,044	$	46,954	$	37,374	$	37,970	$	210,338	$	817,945
Special Mention		-		1,000		517		116		260		912		3,033		5,838
Substandard		-		150		593		241		231		611		1,156		2,982
Doubtful		-		-		-		-		-		-		-		-
Total 1-4 family mortgage	$	299,686	$	118,729	$	69,154	$	47,311	$	37,865	$	39,493	$	214,527	$	826,765
Other mortgage
Pass	$	882,849	$	481,012	$	411,426	$	174,700	$	272,555	$	353,621	$	81,202	$	2,657,365
Special Mention		-		-		130		376		2,720		4,656		-		7,882
Substandard		-		-		-		4,497		8,340		-		-		12,837
Doubtful		-		-		-		-		-		-		-		-
Total Other mortgage	$	882,849	$	481,012	$	411,556	$	179,573	$	283,615	$	358,277	$	81,202	$	2,678,084
Consumer
Pass	$	16,303	$	4,845	$	2,896	$	983	$	903	$	3,649	$	37,250	$	66,829
Special Mention		-		-		-		-		-		24		-		24
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total Consumer	$	16,303	$	4,845	$	2,896	$	983	$	903	$	3,673	$	37,250	$	66,853
Total Loans
Pass	$	3,003,630	$	1,511,642	$	1,033,320	$	552,480	$	602,054	$	970,806	$	1,718,465	$	9,392,397
Special Mention		1,346		2,323		10,600		4,617		4,371		9,981		22,834		56,072
Substandard		-		537		10,632		6,479		10,072		12,949		43,796		84,465
Doubtful		-		-		-		-		-		-		-		-
Total Loans	$	3,004,976	$	1,514,502	$	1,054,552	$	563,576	$	616,497	$	993,736	$	1,785,095	$	9,532,934

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

September 30, 2022	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	3,095,346	$	8,809	$	3,104,155
Real estate - construction		1,433,698		-		1,433,698
Real estate - mortgage:
Owner-occupied commercial		2,144,601		1,020		2,145,621
1-4 family mortgage		1,088,375		1,451		1,089,826
Other mortgage		3,433,708		5,054		3,438,762
Total real estate mortgage		6,666,683		7,526		6,674,209
Consumer		66,428		124		66,552
Total	$	11,262,155	$	16,459	$	11,278,614

December 31, 2021	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,979,671	$	4,382	$	2,984,053
Real estate - construction		1,103,076		-		1,103,076
Real estate - mortgage:
Owner-occupied commercial		1,873,082		1,021		1,874,103
1-4 family mortgage		824,756		2,009		826,765
Other mortgage		2,673,428		4,656		2,678,084
Total real estate mortgage		5,371,266		7,686		5,378,952
Consumer		66,824		29		66,853
Total	$	9,520,837	$	12,097	$	9,532,934

Financing Receivable, Past Due [Table Text Block]

September 30, 2022	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	$	1,385	$	134	$	95	$	1,614	$	8,714	$	3,093,827	$	3,104,155	$	1,252
Real estate - construction		-		-		-		-		-		1,433,698		1,433,698		-
Real estate - mortgage:
Owner-occupied commercial		3,599		-		-		3,599		1,020		2,141,002		2,145,621		883
1-4 family mortgage		627		128		79		834		1,372		1,087,620		1,089,826		287
Other mortgage		-		-		4,548		4,548		506		3,433,708		3,438,762		376
Total real estate - mortgage		4,226		128		4,627		8,981		2,899		6,662,329		6,674,209		1,546
Consumer		79		86		82		247		42		66,262		66,552		42
Total	$	5,690	$	348	$	4,804	$	10,842	$	11,655	$	11,256,117	$	11,278,614	$	2,840

December 31, 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	$	516	$	77	$	39	$	632	$	4,343	$	2,979,078	$	2,984,053	$	2,059
Real estate - construction		-		-		-		-		-		1,103,076		1,103,076		-
Real estate - mortgage:
Owner-occupied commercial		143		-		-		143		1,021		1,872,939		1,874,103		1,021
1-4 family mortgage		-		703		611		1,314		1,398		824,053		826,765		483
Other mortgage		-		-		4,656		4,656		-		2,673,428		2,678,084		-
Total real estate - mortgage		143		703		5,267		6,113		2,419		5,370,420		5,378,952		1,504
Consumer		93		23		29		145		-		66,708		66,853		-
Total	$	752	$	803	$	5,335	$	6,890	$	6,762	$	9,519,282	$	9,532,934	$	3,563

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, 2022
Allowance for credit losses:
Balance at June 30, 2022	$	41,610		$	35,992	$	48,793		$	1,992		$	128,387
Charge-offs		(2,902	)		-		(170	)		(260	)		(3,332	)
Recoveries		297			-		-			12			309
Provision		3,829			4,024		7,420			330			15,603
Balance at September 30, 2022	$	42,834		$	40,016	$	56,043		$	2,074		$	140,967

	Three Months Ended March September 30, 2021
Allowance for credit losses:
Balance at June 30, 2021	$	42,433		$	22,413	$	38,530		$	1,294		$	104,670
Charge-offs		(1,541	)		-		(208	)		(86	)		(1,835	)
Recoveries		140			-		4			8			152
Provision		(144	)		2,124		3,681			302			5,963
Balance at September 30, 2021	$	40,888		$	24,537	$	42,007		$	1,518		$	108,950

	Nine Months Ended September 30, 2022
Allowance for credit losses:
Balance at December 31, 2021	$	41,869		$	26,994	$	45,829		$	1,968		$	116,660
Charge-offs		(7,141	)		-		(221	)		(459	)		(7,821	)
Recoveries		1,619			-		-			37			1,656
Provision		6,487			13,022		10,435			528			30,472
Balance at September 30, 2022	$	42,834		$	40,016	$	56,043		$	2,074		$	140,967

	Nine Months Ended September 30, 2021
Allowance for credit losses:
Balance at December 31, 2020	$	36,370		$	16,057	$	33,722		$	1,793		$	87,942
Charge-offs		(2,168	)		-		(279	)		(227	)		(2,674	)
Recoveries		464			52		68			32			616
Provision		6,222			8,428		8,496			(80	)		23,066
Balance at September 30, 2021	$	40,888		$	24,537	$	42,007		$	1,518		$	108,950

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

			Accounts								ACL
September 30, 2022	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	12,144	$	15,885	$	2,452	$	27,186	$	57,667	$	9,766
Real estate - construction		-		-		-		1,213		1,213		11
Real estate - mortgage:
Owner-occupied commercial		3,177		-		-		-		3,177		178
1-4 family mortgage		3,846		-		-		74		3,920		30
Other mortgage		12,212		-		-		-		12,212		-
Total real estate - mortgage		19,235		-		-		74		19,309		208
Consumer		-		-		-		43		43		43
Total	$	31,379	$	15,885	$	2,452	$	28,516	$	78,232	$	10,028

			Accounts								ACL
December 31, 2021	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	13,067	$	5,075	$	18,533	$	27,599	$	64,274	$	9,727
Real estate - construction		-		-		-		-		-		-
Real estate - mortgage:
Owner-occupied commercial		4,372		-		-		-		4,372		1,371
1-4 family mortgage		2,982		-		-		-		2,982		163
Other mortgage		12,837		-		-		-		12,837		31
Total real estate - mortgage		20,191		-		-		-		20,191		1,565
Consumer		-		-		-		-		-		-
Total	$	33,258	$	5,075	$	18,533	$	27,599	$	84,465	$	11,292

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	Three Months Ended September 30, 2021						Nine Months Ended September 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