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)

9 Months Ended

Sep. 30, 2021

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

	September 30,			December 31,
	2021			2020
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,927,845		$	3,295,900
Real estate - construction		887,938			593,614
Real estate - mortgage:
Owner-occupied commercial		1,809,840			1,693,428
1-4 family mortgage		765,102			711,692
Other mortgage		2,357,812			2,106,184
Subtotal: Real estate - mortgage		4,932,754			4,511,304
Consumer		64,274			64,870
Total Loans		8,812,811			8,465,688
Less: Allowance for credit losses		(108,950	)		(87,942	)
Net Loans	$	8,703,861		$	8,377,746

Commercial, financial and agricultural		33.22	%		38.93	%
Real estate - construction		10.08	%		7.01	%
Real estate - mortgage:
Owner-occupied commercial		20.54	%		20.00	%
1-4 family mortgage		8.68	%		8.41	%
Other mortgage		26.75	%		24.89	%
Subtotal: Real estate - mortgage		55.97	%		53.29	%
Consumer		0.73	%		0.77	%
Total Loans		100.00	%		100.00	%

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

													Revolving
September 30, 2021	2021		2020		2019		2018		2017		Prior		Loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	743,568	$	354,601	$	247,276	$	152,278	$	120,995	$	129,518	$	1,082,443	$	2,830,679
Special Mention		1,994		1,381		1,243		-		1,183		761		21,993		28,555
Substandard		133		389		10,356		1,762		1,841		9,203		44,927		68,611
Doubtful		-		-		-		-		-		-		-		-
Total Commercial, financial and agricultural	$	745,695	$	356,371	$	258,875	$	154,040	$	124,019	$	139,482	$	1,149,363	$	2,927,845
Real estate - construction
Pass	$	358,942	$	260,450	$	138,146	$	18,669	$	13,538	$	18,671	$	69,693	$	878,109
Special Mention		-		-		7,094		2,500		-		-		-		9,594
Substandard		-		-		-		-		-		235		-		235
Doubtful		-		-		-		-		-		-		-		-
Total Real estate - construction	$	358,942	$	260,450	$	145,240	$	21,169	$	13,538	$	18,906	$	69,693	$	887,938
Owner-occupied commercial
Pass	$	270,480	$	364,308	$	261,258	$	190,301	$	173,659	$	476,757	$	64,069	$	1,800,832
Special Mention		-		-		-		780		289		2,886		-		3,955
Substandard		-		-		-		-		-		5,053		-		5,053
Doubtful		-		-		-		-		-		-		-		-
Total Owner-occupied commercial	$	270,480	$	364,308	$	261,258	$	191,081	$	173,948	$	484,696	$	64,069	$	1,809,840
1-4 family mortgage
Pass	$	204,167	$	131,472	$	79,542	$	48,773	$	39,955	$	42,073	$	209,286	$	755,268
Special Mention		-		852		920		235		165		1,607		3,738		7,517
Substandard		-		150		238		122		232		620		955		2,317
Doubtful		-		-		-		-		-		-		-		-
Total 1-4 family mortgage	$	204,167	$	132,474	$	80,700	$	49,130	$	40,352	$	44,300	$	213,979	$	765,102
Other mortgage
Pass	$	517,787	$	451,397	$	429,536	$	190,584	$	307,546	$	380,299	$	60,331	$	2,337,480
Special Mention		-		-		-		-		2,739		4,691		-		7,430
Substandard		-		-		-		4,521		8,381		-		-		12,902
Doubtful		-		-		-		-		-		-		-		-
Total Other mortgage	$	517,787	$	451,397	$	429,536	$	195,105	$	318,666	$	384,990	$	60,331	$	2,357,812
Consumer
Pass	$	13,736	$	5,643	$	3,211	$	1,073	$	1,083	$	3,897	$	35,605	$	64,248
Special Mention		-		-		-		-		-		26		-		26
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total Consumer	$	13,736	$	5,643	$	3,211	$	1,073	$	1,083	$	3,923	$	35,605	$	64,274
Total Loans
Pass	$	2,108,680	$	1,567,871	$	1,158,969	$	601,678	$	656,776	$	1,051,215	$	1,521,427	$	8,666,616
Special Mention		1,994		2,233		9,257		3,515		4,376		9,971		25,731		57,077
Substandard		133		539		10,594		6,405		10,454		15,111		45,882		89,118
Doubtful		-		-		-		-		-		-		-		-
Total Loans	$	2,110,807	$	1,570,643	$	1,178,820	$	611,598	$	671,606	$	1,076,297	$	1,593,040	$	8,812,811

													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]

September 30, 2021	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,920,843	$	7,002	$	2,927,845
Real estate - construction		887,704		234		887,938
Real estate - mortgage:
Owner-occupied commercial		1,808,779		1,061		1,809,840
1-4 family mortgage		763,639		1,463		765,102
Other mortgage		2,353,121		4,691		2,357,812
Total real estate mortgage		4,925,539		7,215		4,932,754
Consumer		64,254		20		64,274
Total	$	8,798,340	$	14,471	$	8,812,811

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]

September 30, 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	$	193	$	77	$	36	$	306	$	6,966	$	2,920,573	$	2,927,845	$	4,233
Real estate - construction		-		-		-		-		234		887,704		887,938		-
Real estate - mortgage:
Owner-occupied commercial		289		-		-		289		1,061		1,808,490		1,809,840		1,061
1-4 family mortgage		200		622		579		1,401		884		762,817		765,102		368
Other mortgage		-		-		4,691		4,691		-		2,353,121		2,357,812		-
Total real estate - mortgage		489		622		5,270		6,381		1,945		4,924,428		4,932,754		1,429
Consumer		56		51		20		127		-		64,147		64,274		-
Total	$	738	$	750	$	5,326	$	6,814	$	9,145	$	8,796,852	$	8,812,811	$	5,662

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 September 30, 2021
Allowance for credit losses:
Balance at June 30, 2021	$	42,433		$	22,413	$	38,530		$	1,294		$	104,670
Charge-offs		(1,541	)		-		(208	)		(86	)		(1,835	)
Recoveries		140			-		4			8			152
Provision		(144	)		2,124		3,681			302			5,963
Balance at September 30, 2021	$	40,888		$	24,537	$	42,007		$	1,518		$	108,950

	Three Months Ended September 30, 2020
Allowance for loan losses:
Balance at June 30, 2020	$	47,986		$	4,531		$	38,399		$	591		$	91,507
Charge-offs		(11,146	)		-			(200	)		(44	)		(11,390	)
Recoveries		12			-			12			15			39
Provision		12,421			(441	)		304			-			12,284
Balance at September 30, 2020	$	49,273		$	4,090		$	38,515		$	562		$	92,440

	Nine Months Ended September 30, 2021
Allowance for credit losses:
Balance at December 31, 2020	$	36,370		$	16,057		$	33,722		$	1,793		$	87,942
Charge-offs		(2,168	)		-			(279	)		(227	)		(2,674	)
Recoveries		464			52			68			32			616
Provision		6,222			8,428			8,496			(80	)		23,066
Balance at September 30, 2021	$	40,888		$	24,537		$	42,007		$	1,518		$	108,950

	Nine Months Ended September 30, 2020
Allowance for loan losses:
Balance at December 31, 2019	$	43,666		$	2,768		$	29,653		$	497		$	76,584
Charge-offs		(15,144	)		(830	)		(4,397	)		(165	)		(20,536	)
Recoveries		158			2			26			55			241
Provision		20,593			2,150			13,233			175			36,151
Balance at September 30, 2020	$	49,273		$	4,090		$	38,515		$	562		$	92,440

	Commercial,
	financial and		Real estate -		Real estate -
	agricultural		construction		mortgage		Consumer		Total
	(In Thousands)
Allowance for loan losses:
Individually Evaluated for Impairment	$	9,204	$	201	$	195	$	-	$	9,600
Collectively Evaluated for Impairment		40,069		3,889		38,320		562		82,840

Loans:
Ending Balance	$	3,466,189	$	530,919	$	4,453,612	$	57,834	$	8,508,554
Individually Evaluated for Impairment		73,800		587		19,376		-		93,763
Collectively Evaluated for Impairment		3,392,389		530,332		4,434,236		57,834		8,414,791

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

			Accounts								ACL
September 30, 2021	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	16,299	$	21,941	$	16,430	$	5,275	$	59,945	$	7,613
Real estate - construction		235		-		-		-		235		14
Real estate - mortgage:
Owner-occupied commercial		1,059		1,002		-		-		2,061		557
1-4 family mortgage		1,804		-		-		24		1,828		66
Other mortgage		12,901		-		-		-		12,901		-
Total real estate - mortgage		15,764		1,002		-		24		16,790		623
Consumer		-		-		-		-		-		-
Total	$	32,298	$	22,943	$	16,430	$	5,299	$	76,970	$	8,250

			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 September 30, 2021						Nine Months Ended September 30, 2021
			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		-	$	-	$	-		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 September 30, 2020						Nine Months Ended September 30, 2020
			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		1	$	214	$	214		2	$	564	$	564
Real estate - construction		1		357		357		1		357		357
Real estate - mortgage:
Owner-occupied commercial		1		611		611		1		611		611
1-4 family mortgage		-		-		-		-		-		-
Other mortgage		-		-		-		-		-		-
Total real estate mortgage		1		611		611		1		611		611
Consumer		-		-		-		-		-		-
		3	$	1,182	$	1,182		4	$	1,532	$	1,532