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)

3 Months Ended

Mar. 31, 2021

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

	March 31,			December 31,
	2021			2020
	(Dollars In Thousands)
Commercial, financial and agricultural	$	3,323,093		$	3,295,900
Real estate - construction		666,592			593,614
Real estate - mortgage:
Owner-occupied commercial		1,698,695			1,693,428
1-4 family mortgage		685,840			711,692
Other mortgage		2,068,560			2,106,184
Subtotal: Real estate - mortgage		4,453,095			4,511,304
Consumer		62,200			64,870
Total Loans		8,504,980			8,465,688
Less: Allowance for credit losses		(94,906	)		(87,942	)
Net Loans	$	8,410,074		$	8,377,746


Commercial, financial and agricultural		39.07	%		38.93	%
Real estate - construction		7.84	%		7.01	%
Real estate - mortgage:
Owner-occupied commercial		19.97	%		20.00	%
1-4 family mortgage		8.07	%		8.41	%
Other mortgage		24.32	%		24.88	%
Subtotal: Real estate - mortgage		52.36	%		53.29	%
Consumer		0.73	%		0.77	%
Total Loans		100.00	%		100.00	%

Financing Receivable Based on Year of Origination [Table Text Block]

													Revolving
March 31, 2021	2021		2020		2019		2018		2017		Prior		Loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	451,136	$	942,305	$	305,491	$	202,837	$	153,959	$	196,657	$	993,613	$	3,245,998
Special Mention		557		1,430		227		9		1,386		384		10,814		14,807
Substandard		-		559		10,570		567		3,741		2,570		44,281		62,288
Doubtful		-		-		-		-		-		-		-		-
Total Commercial, financial and agricultural	$	451,693	$	944,294	$	316,288	$	203,413	$	159,086	$	199,611	$	1,048,708	$	3,323,093
Real estate - construction
Pass	$	40,168	$	250,260	$	238,486	$	54,129	$	15,879	$	19,009	$	48,426	$	666,357
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		235		-		235
Doubtful		-		-		-		-		-		-		-		-
Total Real estate - construction	$	40,168	$	250,260	$	238,486	$	54,129	$	15,879	$	19,244	$	48,426	$	666,592
Owner-occupied commercial
Pass	$	51,008	$	364,982	$	263,789	$	207,599	$	199,276	$	551,086	$	55,790	$	1,693,530
Special Mention		-		-		-		-		289		1,941		200		2,430
Substandard		-		-		-		-		780		1,716		239		2,735
Doubtful		-		-		-		-		-		-		-		-
Total Owner-occupied commercial	$	51,008	$	364,982	$	263,789	$	207,599	$	200,345	$	554,743	$	56,229	$	1,698,695
1-4 family mortgage
Pass	$	34,862	$	170,574	$	99,727	$	65,064	$	50,130	$	61,073	$	199,658	$	681,088
Special Mention		-		680		433		129		104		481		1,111		2,938
Substandard		-		150		367		-		233		217		847		1,814
Doubtful		-		-		-		-		-		-		-		-
Total 1-4 family mortgage	$	34,862	$	171,404	$	100,527	$	65,193	$	50,467	$	61,771	$	201,616	$	685,840
Other mortgage
Pass	$	90,376	$	458,320	$	442,499	$	216,211	$	333,266	$	431,485	$	71,610	$	2,043,767
Special Mention		-		-		-		-		2,775		8,989		-		11,764
Substandard		-		-		-		4,567		8,462		-		-		13,029
Doubtful		-		-		-		-		-		-		-		-
Total Other mortgage	$	90,376	$	458,320	$	442,499	$	220,778	$	344,503	$	440,474	$	71,610	$	2,068,560
Consumer
Pass	$	3,588	$	16,111	$	3,990	$	1,332	$	1,311	$	4,373	$	31,451	$	62,156
Special Mention		-		-		-		13		-		31		-		44
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total Consumer	$	3,588	$	16,111	$	3,990	$	1,345	$	1,311	$	4,404	$	31,451	$	62,200
Total Loans
Pass	$	671,138	$	2,202,552	$	1,353,982	$	747,172	$	753,821	$	1,263,683	$	1,400,548	$	8,392,896
Special Mention		557		2,110		660		151		4,554		11,826		12,125		31,983
Substandard		-		709		10,937		5,134		13,216		4,738		45,367		80,101
Doubtful		-		-		-		-		-		-		-		-
Total Loans	$	671,695	$	2,205,371	$	1,365,579	$	752,457	$	771,591	$	1,280,247	$	1,458,040	$	8,504,980

													Revolving
December 31, 2020	2020		2019		2018		2017		2016		Prior		Loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	1,260,341	$	332,690	$	229,838	$	169,616	$	89,893	$	137,021	$	988,093	$	3,207,492
Special Mention		2,551		1,404		10		253		163		281		14,948		19,610
Substandard		569		10,639		617		5,447		963		2,038		48,525		68,798
Doubtful		-		-		-		-		-		-		-		-
Total Commercial, financial and agricultural	$	1,263,461	$	344,733	$	230,465	$	175,316	$	91,019	$	139,340	$	1,051,566	$	3,295,900
Real estate - construction
Pass	$	230,931	$	222,357	$	53,981	$	16,361	$	7,677	$	13,816	$	48,256	$	593,379
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		235		-		235
Doubtful		-		-		-		-		-		-		-		-
Total Real estate - construction	$	230,931	$	222,357	$	53,981	$	16,361	$	7,677	$	14,051	$	48,256	$	593,614
Owner-occupied commercial
Pass	$	351,808	$	271,645	$	221,513	$	198,935	$	158,531	$	417,743	$	61,119	$	1,681,294
Special Mention		-		-		-		6,524		543		1,873		200		9,140
Substandard		-		-		12		780		-		1,962		240		2,994
Doubtful		-		-		-		-		-		-		-		-
Total Owner-occupied commercial	$	351,808	$	271,645	$	221,525	$	206,239	$	159,074	$	421,578	$	61,559	$	1,693,428
1-4 family mortgage
Pass	$	179,314	$	111,016	$	70,381	$	60,774	$	27,985	$	44,111	$	212,616	$	706,197
Special Mention		508		-		-		105		481		-		1,112		2,206
Substandard		350		126		-		235		218		-		2,360		3,289
Doubtful		-		-		-		-		-		-		-		-
Total 1-4 family mortgage	$	180,172	$	111,142	$	70,381	$	61,114	$	28,684	$	44,111	$	216,088	$	711,692
Other mortgage
Pass	$	470,086	$	470,092	$	250,945	$	368,283	$	180,244	$	272,722	$	68,721	$	2,081,093
Special Mention		-		-		-		2,793		541		8,566		-		11,900
Substandard		-		50		4,589		8,552		-		-		-		13,191
Doubtful		-		-		-		-		-		-		-		-
Total Other mortgage	$	470,086	$	470,142	$	255,534	$	379,628	$	180,785	$	281,288	$	68,721	$	2,106,184
Consumer
Pass	$	20,410	$	4,421	$	1,551	$	1,671	$	1,031	$	3,615	$	32,125	$	64,824
Special Mention		-		-		15		-		31		-		-		46
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total Consumer	$	20,410	$	4,421	$	1,566	$	1,671	$	1,062	$	3,615	$	32,125	$	64,870
Total Loans
Pass	$	2,512,890	$	1,412,221	$	828,209	$	815,640	$	465,361	$	889,028	$	1,410,930	$	8,334,279
Special Mention		3,059		1,404		25		9,675		1,759		10,720		16,260		42,902
Substandard		919		10,815		5,218		15,014		1,181		4,235		51,125		88,507
Doubtful		-		-		-		-		-		-		-		-
Total Loans	$	2,516,868	$	1,424,440	$	833,452	$	840,329	$	468,301	$	903,983	$	1,478,315	$	8,465,688

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

March 31, 2021	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	3,313,167	$	9,926	$	3,323,093
Real estate - construction		666,358		234		666,592
Real estate - mortgage:
Owner-occupied commercial		1,696,686		2,009		1,698,695
1-4 family mortgage		684,917		923		685,840
Other mortgage		2,063,799		4,761		2,068,560
Total real estate - mortgage		4,445,402		7,693		4,453,095
Consumer		62,161		39		62,200
Total	$	8,487,088	$	17,892	$	8,504,980

December 31, 2020	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	3,284,180	$	11,720	$	3,295,900
Real estate - construction		593,380		234		593,614
Real estate - mortgage:
Owner-occupied commercial		1,692,169		1,259		1,693,428
1-4 family mortgage		710,817		875		711,692
Other mortgage		2,101,379		4,805		2,106,184
Total real estate - mortgage		4,504,365		6,939		4,511,304
Consumer		64,809		61		64,870
Total	$	8,446,734	$	18,954	$	8,465,688

Financing Receivable, Past Due [Table Text Block]

March 31, 2021	Past Due Status (Accruing Loans)
							Total Past		Total						Nonaccrual
	30-59 Days		60-89 Days		90+ Days		Due		Nonaccrual		Current		Total Loans		With No ACL
	(In Thousands)
Commercial, financial and agricultural	$	119	$	-	$	4	$	123	$	9,922	$	3,313,048	$	3,323,093	$	6,946
Real estate - construction		-		-		-		-		234		666,358		666,592		-
Real estate - mortgage:
Owner-occupied commercial		-		-		-		-		2,009		1,696,686		1,698,695		1,229
1-4 family mortgage		782		178		-		960		923		683,957		685,840		327
Other mortgage		15		-		4,761		4,776		-		2,063,784		2,068,560		-
Total real estate - mortgage		797		178		4,761		5,736		2,932		4,444,427		4,453,095		1,556
Consumer		89		10		39		138		-		62,062		62,200		-
Total	$	1,005	$	188	$	4,804	$	5,997	$	13,088	$	8,485,895	$	8,504,980	$	8,502

December 31, 2020	Past Due Status (Accruing Loans)
							Total Past		Total						Nonaccrual
	30-59 Days		60-89 Days		90+ Days		Due		Nonaccrual		Current		Total Loans		With No ACL
	(In Thousands)
Commercial, financial and agricultural	$	92	$	1,738	$	11	$	1,841	$	11,709	$	3,282,350	$	3,295,900	$	5,101
Real estate - construction		-		-		-		-		234		593,380		593,614		-
Real estate - mortgage:
Owner-occupied commercial		-		995		-		995		1,259		1,691,174		1,693,428		467
1-4 family mortgage		61		1,073		104		1,238		771		709,683		711,692		512
Other mortgage		18		-		4,805		4,823		-		2,101,361		2,106,184		-
Total real estate - mortgage		79		2,068		4,909		7,056		2,030		4,502,218		4,511,304		979
Consumer		64		13		61		138		-		64,732		64,870		-
Total	$	235	$	3,819	$	4,981	$	9,035	$	13,973	$	8,442,680	$	8,465,688	$	6,080

Financing Receivable, Allowance for Credit Loss [Table Text Block]

	Commercial,
	financial and			Real estate -		Real estate -
	agricultural			construction		mortgage			Consumer			Total
	(In Thousands)
	Three Months Ended March 31, 2021
Allowance for credit losses:
Balance at December 31, 2020	$	36,370		$	16,057	$	33,722		$	1,793		$	87,942
Charge-offs		(477	)		-		(12	)		(87	)		(576	)
Recoveries		26			50		1			12			89
Provision		2,313			3,284		1,896			(42	)		7,451
Balance at March 31, 2021	$	38,232		$	19,391	$	35,607		$	1,676		$	94,906

	Three Months Ended March 31, 2020
Allowance for loan losses:
Balance at December 31, 2019	$	43,666		$	2,768		$	29,653		$	497		$	76,584
Charge-offs		(2,640	)		(454	)		(1,678	)		(58	)		(4,830	)
Recoveries		62			1			1			12			76
Provision		7,692			1,442			4,384			66			13,584
Balance at March 31, 2020	$	48,780		$	3,757		$	32,360		$	517		$	85,414

	Commercial,
	financial and		Real estate -		Real estate -
	agricultural		construction		mortgage		Consumer		Total
	(In Thousands)

Allowance for loan losses:
Individually Evaluated for Impairment	$	8,840	$	351	$	931	$	-	$	10,122
Collectively Evaluated for Impairment		39,940		3,406		31,429		517		75,292

Loans:
Ending Balance	$	2,771,307	$	548,578	$	4,188,539	$	60,412	$	7,568,836
Individually Evaluated for Impairment		44,868		1,834		13,815		9		60,526
Collectively Evaluated for Impairment		2,726,439		546,744		4,174,724		60,403		7,508,310

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

			Accounts								ACL
March 31, 2021	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	13,987	$	24,957	$	17,742	$	5,603	$	62,289	$	8,675
Real estate - construction		235		-		-		-		235		1
Real estate - mortgage:
Owner-occupied commercial		2,007		729		-		-		2,736		497
1-4 family mortgage		1,738		-		-		25		1,763		-
Other mortgage		13,079		-		-		-		13,079		-
Total real estate - mortgage		16,824		729		-		25		17,578		497
Consumer		-		-		-		-		-		-
Total	$	31,046	$	25,686	$	17,742	$	5,628	$	80,102	$	9,173

			Accounts								ACL
December 31, 2020	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	19,373	$	27,952	$	16,877	$	4,594	$	68,796	$	7,142
Real estate - construction		235		-		-		-		235		1
Real estate - mortgage:
Owner-occupied commercial		2,012		971		-		12		2,995		499
1-4 family mortgage		3,264		-		-		24		3,288		48
Other mortgage		13,191		-		-		-		13,191		-
Total real estate - mortgage		18,467		971		-		36		19,474		547
Consumer		-		-		-		-		-		-
Total	$	38,075	$	28,923	$	16,877	$	4,630	$	88,505	$	7,690

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	Three Months Ended March 31, 2021
			Pre-		Post-
			Modification		Modification
			Outstanding		Outstanding
	Number of		Recorded		Recorded
	Contracts		Investment		Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural		2	$	1,155	$	1,155
Real estate - construction		-		-		-
Real estate - mortgage:
Owner-occupied commercial		1		991		991
1-4 family mortgage		-		-		-
Other mortgage		-		-		-
Total real estate mortgage		1		991		991
Consumer		-		-		-
		3	$	2,146	$	2,146

	Three Months Ended March 31, 2020
			Pre-		Post-
			Modification		Modification
			Outstanding		Outstanding
	Number of		Recorded		Recorded
	Contracts		Investment		Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural		1	$	350	$	350
Real estate - construction		-		-		-
Real estate - mortgage:
Owner-occupied commercial		-		-		-
1-4 family mortgage		-		-		-
Other mortgage		-		-		-
Total real estate mortgage		-		-		-
Consumer		-		-		-
		1	$	350	$	350