Balance Sheet

v3.21.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
[1]
ASSETS    
Cash and due from banks $ 102,313 $ 93,655
Interest-bearing balances due from depository institutions 4,297,473 2,115,985
Federal funds sold 44,700 1,771
Cash and cash equivalents 4,444,486 2,211,411
Available for sale debt securities, at fair value 723,324 886,688
Held to maturity debt securities (fair value of $261,276 at September 30, 2021 and $250 at December 31, 2020) 261,276 250
Mortgage loans held for sale 578 14,425
Loans 8,812,811 8,465,688
Less allowance for credit losses (108,950) (87,942)
Loans, net 8,703,861 8,377,746
Premises and equipment, net 60,953 54,969
Accrued interest and dividends receivable 33,815 36,841
Deferred tax assets 31,533 31,072
Other real estate owned and repossessed assets 2,068 6,497
Bank owned life insurance contracts 281,399 276,387
Goodwill and other identifiable intangible assets 13,705 13,908
Other assets 45,230 22,460
Total assets 14,602,228 11,932,654
Liabilities:    
Noninterest-bearing 4,366,654 2,788,772
Interest-bearing 7,712,016 7,186,952
Total deposits 12,078,670 9,975,724
Federal funds purchased 1,286,756 851,545
Other borrowings 64,701 64,748
Accrued interest payable 12,697 12,321
Other liabilities 45,111 35,464
Total liabilities 13,487,935 10,939,802
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at September 30, 2021 and December 31, 2020 0 0
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 54,207,147 shares issued and outstanding at September 30, 2021, and 53,943,751 shares issued and outstanding at December 31, 2020 54 54
Additional paid-in capital 225,648 223,856
Retained earnings 869,731 748,224
Accumulated other comprehensive income 18,360 20,218
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,113,793 992,352
Noncontrolling interest 500 500
Total stockholders' equity 1,114,293 992,852
Total liabilities and stockholders' equity $ 14,602,228 $ 11,932,654
[1] Derived from audited financial statements.

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