Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 107,251 $ 106,317 [1]
Interest-bearing balances due from depository institutions 852,483 708,221 [1]
Federal funds sold 17,958 1,515 [1]
Cash and cash equivalents 977,692 816,053 [1]
Available-for-sale debt securities, at fair value 990,921 644,815 [1]
Held-to-maturity debt securities (fair value of $963,843 at June 30, 2023 and $935,953 at December 31, 2022) 1,057,306 1,034,121 [1]
Restricted equity securities 7,307 7,734 [1]
Mortgage loans held for sale 3,981 1,607 [1]
Loans 11,604,894 11,687,968 [1]
Less allowance for credit losses (152,272) (146,297) [1]
Net Loans 11,452,622 11,541,671 [1]
Premises and equipment, net 59,655 59,850 [1]
Accrued interest and dividends receivable 50,183 48,422 [1]
Deferred tax asset, net 65,635 60,448 [1]
Other real estate owned and repossessed assets 832 248 [1]
Bank owned life insurance contracts 290,979 287,752 [1]
Goodwill and other identifiable intangible assets 13,615 13,615 [1]
Other assets 102,080 79,417 [1]
Total assets 15,072,808 14,595,753 [1]
Liabilities:    
Non-interest-bearing demand 2,855,102 3,321,347
Interest-bearing 9,433,117 8,225,458 [1]
Total deposits 12,288,219 11,546,805 [1]
Federal funds purchased 1,298,066 1,618,798 [1]
Other borrowings 64,737 64,726 [1]
Accrued interest and dividends payable 23,061 18,615
Other liabilities 35,254 48,913 [1]
Total liabilities 13,709,337 13,297,857 [1]
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at June 30, 2023 and December 31, 2022 0 0 [1]
Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,425,033 shares issued and outstanding at June 30, 2023; and 54,326,527 shares issued and outstanding at December 31, 2022 54 54 [1]
Additional paid-in capital 230,659 229,693 [1]
Retained earnings 1,190,920 1,109,902 [1]
Accumulated other comprehensive loss (58,662) (42,253)
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,362,971 1,297,396 [1]
Noncontrolling interest 500 500 [1]
Total stockholders' equity 1,363,471 1,297,896 [1]
Total liabilities and stockholders' equity $ 15,072,808 $ 14,595,753 [1]
[1] derived from audited financial statements.