ServisFirst Bancshares, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Loans (Tables)

Note 5 - Loans (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	June 30,			December 31,
	2018			2017
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,345,879		$	2,279,366
Real estate - construction		522,788			580,874
Real estate - mortgage:
Owner-occupied commercial		1,383,882			1,328,666
1-4 family mortgage		584,133			603,063
Other mortgage		1,225,906			997,079
Subtotal: Real estate - mortgage		3,193,921			2,928,808
Consumer		67,061			62,213
Total Loans		6,129,649			5,851,261
Less: Allowance for loan losses		(64,239	)		(59,406	)
Net Loans	$	6,065,410		$	5,791,855

Commercial, financial and agricultural		38.27	%		38.96	%
Real estate - construction		8.53	%		9.93	%
Real estate - mortgage:
Owner-occupied commercial		22.58	%		22.71	%
1-4 family mortgage		9.53	%		10.30	%
Other mortgage		20.00	%		17.04	%
Subtotal: Real estate - mortgage		52.11	%		50.05	%
Consumer		1.09	%		1.06	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

			Special
June 30, 2018	Pass		Mention		Substandard		Doubtful		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,289,789	$	36,027	$	20,063	$	-	$	2,345,879
Real estate - construction		515,543		5,664		1,581		-		522,788
Real estate - mortgage:
Owner-occupied commercial		1,369,814		10,042		4,026		-		1,383,882
1-4 family mortgage		579,288		1,350		3,495		-		584,133
Other mortgage		1,203,952		15,497		6,457		-		1,225,906
Total real estate mortgage		3,153,054		26,889		13,978		-		3,193,921
Consumer		67,009		3		49		-		67,061
Total	$	6,025,395	$	68,583	$	35,671	$	-	$	6,129,649

			Special
December 31, 2017	Pass		Mention		Substandard		Doubtful		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,225,084	$	27,835	$	26,447	$	-	$	2,279,366
Real estate - construction		572,657		6,691		1,526		-		580,874
Real estate - mortgage:
Owner-occupied commercial		1,317,113		7,333		4,220		-		1,328,666
1-4 family mortgage		598,222		1,599		3,242		-		603,063
Other mortgage		976,348		18,122		2,609		-		997,079
Total real estate mortgage		2,891,683		27,054		10,071		-		2,928,808
Consumer		62,083		42		88		-		62,213
Total	$	5,751,507	$	61,622	$	38,132	$	-	$	5,851,261

Financing Receivable, Credit Substitute, Credit Quality Indicator [Table Text Block]

June 30, 2018	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,338,563	$	7,316	$	2,345,879
Real estate - construction		522,788		-		522,788
Real estate - mortgage:
Owner-occupied commercial		1,383,210		672		1,383,882
1-4 family mortgage		583,130		1,003		584,133
Other mortgage		1,220,835		5,071		1,225,906
Total real estate mortgage		3,187,175		6,746		3,193,921
Consumer		67,020		41		67,061
Total	$	6,115,546	$	14,103	$	6,129,649

December 31, 2017	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,269,642	$	9,724	$	2,279,366
Real estate - construction		580,874		-		580,874
Real estate - mortgage:
Owner-occupied commercial		1,328,110		556		1,328,666
1-4 family mortgage		602,604		459		603,063
Other mortgage		997,079		-		997,079
Total real estate mortgage		2,927,793		1,015		2,928,808
Consumer		62,127		86		62,213
Total	$	5,840,436	$	10,825	$	5,851,261

Past Due Financing Receivables [Table Text Block]

June 30, 2018	Past Due Status (Accruing Loans)
							Total Past
	30-59 Days		60-89 Days		90+ Days		Due		Non-Accrual		Current		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	7,259	$	1,554	$	431	$	9,244	$	6,885	$	2,329,750	$	2,345,879
Real estate - construction		2,097		3,182		-		5,279		-		517,509		522,788
Real estate - mortgage:
Owner-occupied commercial		3,365		591		250		4,206		422		1,379,254		1,383,882
1-4 family mortgage		919		263		288		1,470		715		581,948		584,133
Other mortgage		1,203		12,941		5,071		19,215		-		1,206,691		1,225,906
Total real estate - mortgage		5,487		13,795		5,609		24,891		1,137		3,167,893		3,193,921
Consumer		316		49		41		406		-		66,655		67,061
Total	$	15,159	$	18,580	$	6,081	$	39,820	$	8,022	$	6,081,807	$	6,129,649

December 31, 2017			Past Due Status (Accruing Loans)
							Total Past
	30-59 Days		60-89 Days		90+ Days		Due		Non-Accrual		Current		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	1,410	$	5,702	$	12	$	7,124	$	9,712	$	2,262,530	$	2,279,366
Real estate - construction		56		997		-		1,053		-		579,821		580,874
Real estate - mortgage:
Owner-occupied commercial		-		3,664		-		3,664		556		1,324,446		1,328,666
1-4 family mortgage		430		850		-		1,280		459		601,324		603,063
Other mortgage		5,116		-		-		5,116		-		991,963		997,079
Total real estate - mortgage		5,546		4,514		-		10,060		1,015		2,917,733		2,928,808
Consumer		131		23		48		202		38		61,973		62,213
Total	$	7,143	$	11,236	$	60	$	18,439	$	10,765	$	5,822,057	$	5,851,261

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	Commercial,
	financial and			Real estate -			Real estate -
	agricultural			construction			mortgage			Consumer			Total
	(In Thousands)
	Three Months Ended June 30, 2018
Allowance for loan losses:
Balance at March 31, 2018	$	35,787		$	4,138		$	21,606		$	519		$	62,050
Charge-offs		(1,732	)		-			(440	)		(47	)		(2,219	)
Recoveries		173			97			2			15			287
Provision		1,950			(173	)		2,270			74			4,121
Balance at June 30, 2018	$	36,178		$	4,062		$	23,438		$	561		$	64,239

	Three Months Ended June 30, 2017
Allowance for loan losses:
Balance at March 31, 2017	$	28,707		$	4,825		$	19,962		$	398		$	53,892
Charge-offs		(3,067	)		(40	)		(106	)		(33	)		(3,246	)
Recoveries		16			14			2			-			32
Provision		3,471			339			534			37			4,381
Balance at June 30, 2017	$	29,127		$	5,138		$	20,392		$	402		$	55,059

	Six Months Ended June 30, 2018
Allowance for loan losses:
Balance at December 31, 2017	$	32,880		$	4,989		$	21,022		$	515		$	59,406
Charge-offs		(2,820	)		-			(821	)		(135	)		(3,776	)
Recoveries		177			104			44			24			349
Provision		5,941			(1,031	)		3,193			157			8,260
Balance at June 30, 2018	$	36,178		$	4,062		$	23,438		$	561		$	64,239

	Six Months Ended June 30, 2017
Allowance for loan losses:
Balance at December 31, 2016	$	28,872		$	5,125		$	17,504		$	392		$	51,893
Charge-offs		(5,922	)		(40	)		(372	)		(108	)		(6,442	)
Recoveries		206			30			4			1			241
Provision		5,971			23			3,256			117			9,367
Balance at June 30, 2017	$	29,127		$	5,138		$	20,392		$	402		$	55,059

	As of June 30, 2018
Allowance for loan losses:
Individually Evaluated for Impairment	$	5,423		$	120		$	285		$	49		$	5,877
Collectively Evaluated for Impairment		30,755			3,942			23,153			512			58,362

Loans:
Ending Balance	$	2,345,879		$	522,788		$	3,193,921		$	67,061		$	6,129,649
Individually Evaluated for Impairment		20,063			1,623			16,240			49			37,975
Collectively Evaluated for Impairment		2,325,816			521,165			3,177,681			67,012			6,091,674

	As of December 31, 2017
Allowance for loan losses:
Individually Evaluated for Impairment	$	4,276		$	120		$	1,163		$	50		$	5,609
Collectively Evaluated for Impairment		28,604			4,869			19,859			465			53,797

Loans:
Ending Balance	$	2,279,366		$	580,874		$	2,928,808		$	62,213		$	5,851,261
Individually Evaluated for Impairment		26,447			1,571			12,404			88			40,510
Collectively Evaluated for Impairment		2,252,919			579,303			2,916,404			62,125			5,810,751

Impaired Financing Receivables [Table Text Block]

							For the three months				For the six months
							ended June 30,				ended June 30,
	June 30, 2018						2018				2018
									Interest				Interest
			Unpaid				Average		Income		Average		Income
	Recorded		Principal		Related		Recorded		Recognized		Recorded		Recognized
	Investment		Balance		Allowance		Investment		in Period		Investment		in Period
	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	4,842	$	5,733	$	-	$	5,257	$	53	$	5,611	$	113
Real estate - construction		626		629		-		629		8		630		16
Real estate - mortgage:
Owner-occupied commercial		2,512		2,679		-		2,836		42		2,910		86
1-4 family mortgage		2,258		2,258		-		2,255		23		2,255		48
Other mortgage		5,071		5,071		-		5,082		62		5,098		125
Total real estate - mortgage		9,841		10,008		-		10,173		127		10,263		259
Consumer		-		-		-		-		-		-		-
Total with no allowance recorded		15,309		16,370		-		16,059		188		16,504		388

With an allowance recorded:
Commercial, financial and agricultural		15,221		22,044		5,423		15,200		121		15,542		245
Real estate - construction		997		997		120		997		14		997		28
Real estate - mortgage:
Owner-occupied commercial		3,776		3,776		27		3,775		46		3,775		94
1-4 family mortgage		1,237		1,237		178		1,240		12		1,240		26
Other mortgage		1,386		1,386		80		1,540		16		1,700		36
Total real estate - mortgage		6,399		6,399		285		6,555		74		6,715		156
Consumer		49		49		49		49		1		49		1
Total with allowance recorded		22,666		29,489		5,877		22,801		210		23,303		430

Total Impaired Loans:
Commercial, financial and agricultural		20,063		27,777		5,423		20,457		174		21,153		358
Real estate - construction		1,623		1,626		120		1,626		22		1,627		44
Real estate - mortgage:
Owner-occupied commercial		6,288		6,455		27		6,611		88		6,685		180
1-4 family mortgage		3,495		3,495		178		3,495		35		3,495		74
Other mortgage		6,457		6,457		80		6,622		78		6,798		161
Total real estate - mortgage		16,240		16,407		285		16,728		201		16,978		415
Consumer		49		49		49		49		1		49		1
Total impaired loans	$	37,975	$	45,859	$	5,877	$	38,860	$	398	$	39,807	$	818

December 31, 2017
							For the twelve months
							ended December 31, 2017
			Unpaid				Average		Interest Income
	Recorded		Principal		Related		Recorded		Recognized in
	Investment		Balance		Allowance		Investment		Period
	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	10,036	$	16,639	$	-	$	16,417	$	571
Real estate - construction		574		577		-		663		31
Real estate - mortgage:
Owner-occupied commercial		2,640		2,806		-		2,875		159
1-4 family mortgage		2,262		2,262		-		2,289		93
Other mortgage		746		746		-		727		44
Total real estate - mortgage		5,648		5,814		-		5,891		296
Consumer		38		39		-		42		3
Total with no allowance recorded		16,296		23,069		-		23,013		901

With an allowance recorded:
Commercial, financial and agricultural		16,411		16,992		4,276		17,912		651
Real estate - construction		997		997		120		997		56
Real estate - mortgage:
Owner-occupied commercial		3,914		3,914		601		3,801		215
1-4 family mortgage		980		980		281		1,113		54
Other mortgage		1,862		1,862		281		1,862		80
Total real estate - mortgage		6,756		6,756		1,163		6,776		349
Consumer		50		50		50		42		3
Total with allowance recorded		24,214		24,795		5,609		25,727		1,059

Total Impaired Loans:
Commercial, financial and agricultural		26,447		33,631		4,276		34,329		1,222
Real estate - construction		1,571		1,574		120		1,660		87
Real estate - mortgage:
Owner-occupied commercial		6,554		6,720		601		6,676		374
1-4 family mortgage		3,242		3,242		281		3,402		147
Other mortgage		2,608		2,608		281		2,589		124
Total real estate - mortgage		12,404		12,570		1,163		12,667		645
Consumer		88		89		50		84		6
Total impaired loans	$	40,510	$	47,864	$	5,609	$	48,740	$	1,960

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	Three Months Ended June 30, 2017						Six Months Ended June 30, 2017
			Pre-		Post-				Pre-		Post-
			Modification		Modification				Modification		Modification
			Outstanding		Outstanding				Outstanding		Outstanding
	Number of		Recorded		Recorded		Number of		Recorded		Recorded
	Contracts		Investment		Investment		Contracts		Investment		Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural		5	$	7,205	$	7,205		5	$	7,205	$	7,205
Real estate - construction		1		997		997		1		997		997
Real estate - mortgage:
Owner-occupied commercial		2		3,664		3,664		2		3,664		3,664
1-4 family mortgage		1		850		850		1		850		850
Other mortgage		-		-		-		-		-		-
Total real estate mortgage		3		4,514		4,514		3		4,514		4,514
Consumer		-		-		-		-		-		-
		9	$	12,716	$	12,716		9	$	12,716	$	12,716