Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

v3.23.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 139,175 $ 106,317 [1]
Interest-bearing balances due from depository institutions 725,318 708,221 [1]
Federal funds sold 6,478 1,515 [1]
Cash and cash equivalents 870,971 816,053 [1]
Available for sale debt securities, at fair value 624,948 644,815 [1]
Held to maturity, amortized cost 1,021,989 1,034,121 [1]
Restricted equity securities 7,307 7,734 [1]
Mortgage loans held for sale 1,651 1,607 [1]
Loans 11,629,802 11,687,968 [1]
Less allowance for credit losses (148,965) (146,297) [1]
Net Loans 11,480,837 11,541,671 [1]
Premises and equipment, net 60,093 59,850 [1]
Accrued interest and dividends receivable 50,500 48,422 [1]
Deferred tax asset, net 60,666 60,448 [1]
Other real estate owned and repossessed assets 248 248 [1]
Bank owned life insurance contracts 289,374 287,752 [1]
Goodwill and other identifiable intangible assets 13,615 13,615 [1]
Other assets 84,360 79,417 [1]
Total assets 14,566,559 14,595,753 [1]
Liabilities:    
Noninterest-bearing 2,898,736 3,321,347 [1]
Interest-bearing 8,716,581 8,225,458 [1]
Total deposits 11,615,317 11,546,805 [1]
Federal funds purchased 1,480,160 1,618,798 [1]
Other borrowings 65,417 64,726 [1]
Accrued interest payable 20,541 18,615 [1]
Other liabilities 45,307 48,913 [1]
Total liabilities 13,226,742 13,297,857 [1]
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at March 31, 2023 and December 31, 2022 0 0 [1]
Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,398,025 shares issued and outstanding at March 31, 2023; and 54,326,527 shares issued and outstanding at December 31, 2022 54 54 [1]
Additional paid-in capital 229,631 229,693 [1]
Retained earnings 1,152,681 1,109,902 [1]
Accumulated other comprehensive loss (43,049) (42,253)
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,339,317 1,297,396 [1]
Noncontrolling interest 500 500 [1]
Total stockholders' equity 1,339,817 1,297,896 [1]
Total liabilities and stockholders' equity $ 14,566,559 $ 14,595,753 [1]
[1] derived from audited financial statements.