Balance Sheet

v3.22.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
[1]
ASSETS    
Cash and due from banks $ 103,439 $ 56,934
Interest-bearing balances due from depository institutions 3,315,312 4,106,790
Federal funds sold 24,638 58,372
Cash and cash equivalents 3,443,389 4,222,096
Available for sale debt securities, at fair value 784,673 842,570
Held to maturity debt securities (fair value of $799,347 at March 31, 2022 and $466,286 at December 31, 2021) 833,304 462,957
Restricted equity securities 7,734 7,311
Mortgage loans held for sale 403 1,114
Loans 9,898,957 9,532,934
Less allowance for credit losses (119,463) (116,660)
Loans, net 9,779,494 9,416,274
Premises and equipment, net 59,908 60,300
Accrued interest and dividends receivable 34,388 34,831
Deferred tax asset, net 44,021 37,772
Other real estate owned and repossessed assets 1,989 1,208
Bank owned life insurance contracts 284,682 283,074
Goodwill and other identifiable intangible assets 13,615 13,638
Other assets 51,819 65,661
Total assets 15,339,419 15,448,806
Liabilities:    
Noninterest-bearing 4,889,495 4,799,767
Interest-bearing 7,519,260 7,653,069
Total deposits 12,408,755 12,452,836
Federal funds purchased 1,639,238 1,711,777
Other borrowings 64,711 64,706
Accrued interest payable 14,185 13,619
Other liabilities 39,555 53,853
Total liabilities 14,166,444 14,296,791
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at March 31, 2022 and December 31, 2021 0 0
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 54,282,132 shares issued and outstanding at March 31, 2022, and 54,227,060 shares issued and outstanding at December 31, 2021 54 54
Additional paid-in capital 227,127 226,397
Retained earnings 956,169 911,008
Accumulated other comprehensive (loss) income (10,875) 14,056
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,172,475 1,151,515
Noncontrolling interest 500 500
Total stockholders' equity 1,172,975 1,152,015
Total liabilities and stockholders' equity $ 15,339,419 $ 15,448,806
[1] derived from audited financial statements.

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