Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Current Period Unaudited)

v3.25.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 121,645 $ 116,394
Interest-bearing balances due from depository institutions 3,218,753 2,259,195
Federal funds sold 9,322 1,045
Cash and cash equivalents 3,349,720 2,376,634
Available-for-sale debt securities, at fair value 1,203,837 1,161,400
Held-to-maturity debt securities (fair value of $673,023 and $907,191, respectively) 701,713 714,853
Restricted equity securities 12,156 11,300
Mortgage loans held for sale 11,386 9,211
Loans 12,886,831 12,605,836
Less allowance for credit losses (165,034) (164,458)
Loans, net 12,721,797 12,441,378
Premises and equipment, net 59,431 59,185
Accrued interest and dividends receivable 70,459 62,794
Deferred tax asset, net 58,924 61,748
Other real estate owned and repossessed assets 756 2,531
Bank owned life insurance contracts 301,924 299,787
Goodwill 13,615 13,615
Other assets 131,048 137,207
Total assets 18,636,766 17,351,643
Liabilities:    
Non-interest-bearing demand 2,647,577 2,619,687
Interest-bearing 11,781,484 10,923,772
Total deposits 14,429,061 13,543,459
Federal funds purchased 2,358,326 1,993,728
Other borrowings 64,745 64,743
Accrued interest and dividends payable 29,055 28,026
Other liabilities 86,679 104,915
Total liabilities 16,967,866 15,734,871
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at September 30, 2024 and December 31, 2023 0 0
Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,551,543 shares issued and outstanding at September 30, 2024; and 54,461,580 shares issued and outstanding at December 31, 2023 54 54
Additional paid-in capital 235,840 235,781
Retained earnings 1,457,614 1,412,616
Accumulated other comprehensive loss (25,108) (32,179)
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,668,400 1,616,272
Noncontrolling interest 500 500
Total stockholders' equity 1,668,900 1,616,772
Total liabilities and stockholders' equity $ 18,636,766 $ 17,351,643