Balance Sheet

v3.22.2.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
[1]
ASSETS    
Cash and due from banks $ 249,051 $ 56,934
Interest-bearing balances due from depository institutions 156,959 4,106,790
Federal funds sold 82,316 58,372
Cash and cash equivalents 488,326 4,222,096
Available for sale debt securities, at fair value 665,763 842,570
Held to maturity debt securities (fair value $942,282 at September 30, 2022 and $466,286 at December 31, 2021) 1,048,840 462,957
Restricted equity securities 7,734 7,311
Mortgage loans held for sale 2,003 1,114
Loans 11,278,614 9,532,934
Less allowance for credit losses (140,967) (116,660)
Loans, net 11,137,647 9,416,274
Premises and equipment, net 59,080 60,300
Accrued interest and dividends receivable 39,946 34,831
Deferred tax asset, net 54,599 37,772
Other real estate owned and repossessed assets 1,245 1,208
Bank owned life insurance contracts 286,152 283,074
Goodwill and other identifiable intangible assets 13,615 13,638
Other assets 85,080 65,661
Total assets 13,890,030 15,448,806
Liabilities:    
Non-interest-bearing demand 3,661,936 4,799,767
Interest-bearing 7,389,979 7,653,069
Total deposits 11,051,915 12,452,836
Federal funds purchased 1,466,322 1,711,777
Other borrowings 64,721 64,706
Accrued interest and dividends payable 14,881 13,619
Other liabilities 49,602 53,853
Total liabilities 12,647,441 14,296,791
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at September 30, 2022 and December 31, 2021 0 0
Common stock, par value $0.001 per share; 200,000,000 shares authorized, 54,324,007 shares issued and outstanding at September 30, 2022; and 100,000,000 shares authorized, 54,227,060 shares issued and outstanding at December 31, 2021 54 54
Additional paid-in capital 228,738 226,397
Retained earnings 1,057,387 911,008
Accumulated other comprehensive (loss) income (44,090) 14,056
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,242,089 1,151,515
Noncontrolling interest 500 500
Total stockholders' equity 1,242,589 1,152,015
Total liabilities and stockholders' equity $ 13,890,030 $ 15,448,806
[1] derived from audited financial statements.

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