Balance Sheet

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 135,711 $ 123,430
Interest-bearing balances due from depository institutions 1,129,922 1,907,083
Federal funds sold 11,132 100,575
Cash and cash equivalents 1,276,765 2,131,088
Available-for-sale debt securities, at fair value 1,174,386 900,183
Held-to-maturity debt securities (fair value of $684,234 and $907,191, respectively) 767,255 982,664
Restricted equity securities 11,300 10,226
Mortgage loans held for sale 11,174 5,074
Loans 12,332,780 11,658,829
Less allowance for credit losses (158,092) (153,317)
Loans, net 12,174,688 11,505,512
Premises and equipment, net 59,200 59,324
Accrued interest and dividends receivable 62,936 59,181
Deferred tax asset, net 62,321 62,918
Other real estate owned and repossessed assets 1,458 995
Bank owned life insurance contracts 296,042 292,759
Goodwill 13,615 13,615
Other assets 138,672 106,129
Total assets 16,049,812 16,129,668
Liabilities:    
Non-interest-bearing demand 2,475,415 2,643,101
Interest-bearing 10,783,977 10,630,410
Total deposits 13,259,392 13,273,511
Federal funds purchased 1,097,154 1,256,724
Other borrowings 64,739 64,735
Accrued interest and dividends payable 25,293 27,545
Other liabilities 92,658 66,748
Total liabilities 14,539,236 14,689,263
Stockholders' equity:    
Common stock, par value $ 0.001 per share; 200,000,000 shares authorized: 54,521,479 shares issued and outstanding at June 30, 2024; and 54,461,580 shares issuedand outstanding at December 31, 2023 54 54
Additional paid-in capital 234,495 232,605
Retained earnings 1,322,048 1,254,841
Accumulated other comprehensive loss (46,521) (47,595)
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,510,076 1,439,905
Noncontrolling interest 500 500
Total stockholders' equity 1,510,576 1,440,405
Total liabilities and stockholders' equity $ 16,049,812 $ 16,129,668

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