ServisFirst Bancshares, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 5 - Loans (Tables)

Note 5 - Loans (Tables)

3 Months Ended

Mar. 31, 2025

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

	March 31,			December 31,
	2025			2024
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,924,533		$	2,869,894
Real estate - construction		1,599,410			1,489,306
Real estate - mortgage:
Owner-occupied commercial		2,543,819			2,547,143
1-4 family mortgage		1,494,189			1,444,623
Non-owner occupied commercial		4,259,566			4,181,243
Subtotal: Real estate - mortgage		8,297,574			8,173,009
Consumer		65,314			73,627
Total Loans		12,886,831			12,605,836
Less: Allowance for credit losses		(165,034	)		(164,458	)
Net Loans	$	12,721,797		$	12,441,378


Commercial, financial and agricultural		22.69	%		22.77	%
Real estate - construction		12.41	%		11.81	%
Real estate - mortgage:
Owner-occupied commercial		19.74	%		20.21	%
1-4 family mortgage		11.59	%		11.46	%
Non-owner occupied commercial		33.06	%		33.17	%
Subtotal: Real estate - mortgage		64.39	%		64.84	%
Consumer		0.51	%		0.58	%
Total Loans		100.00	%		100.00	%

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

March 31, 2025	2025		2024		2023		2022		2021		Prior		Revolving		Revolving lines of credit converted to term loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	254,177	$	396,478	$	148,943	$	295,638	$	240,464	$	276,773	$	1,160,812	$	27,126	$	2,800,411
Special Mention		-		1,663		2,425		20,345		2,578		7,747		17,861		577		53,196
Substandard - Accruing		-		225		-		928		345		25,879		5,829		878		34,084
Substandard - Non-accrual		-		-		1,291		2,005		5,052		8,982		19,491		21		36,842
Total Commercial, financial and agricultural	$	254,177	$	398,366	$	152,659	$	318,916	$	248,439	$	319,381	$	1,203,993	$	28,602	$	2,924,533
Current-period gross write-offs	$	-	$	-	$	532	$	181	$	886	$	343	$	150	$	323	$	2,415

Real estate - construction
Pass	$	52,440	$	457,301	$	300,727	$	482,750	$	131,628	$	45,508	$	74,795	$	-	$	1,545,149
Special Mention		-		326		532		28,493		16,478		-		1		-		45,830
Substandard - Accruing		-		-		-		-		-		945		-		-		945
Substandard - Non-accrual		-		-		3,666		3,820		-		-		-		-		7,486
Total Real estate - construction	$	52,440	$	457,627	$	304,925	$	515,063	$	148,106	$	46,453	$	74,796	$	-	$	1,599,410
Current-period gross write-offs	$	-		-		-		46		-	$	-	$	-	$	-	$	46

Owner-occupied commercial
Pass	$	77,324	$	361,503	$	151,933	$	508,482	$	452,473	$	833,111	$	62,169	$	5,905	$	2,452,900
Special Mention		-		7,917		6,077		1,197		27,427		21,086		6,823		-		70,527
Substandard - Accruing		-		-		416		1,136		-		2,373		-		-		3,925
Substandard - Non-accrual		-		772		-		2,886		6,682		5,847		280		-		16,467
Total Owner-occupied commercial	$	77,324	$	370,192	$	158,426	$	513,701	$	486,582	$	862,417	$	69,272	$	5,905	$	2,543,819
Current-period gross write-offs	$	-	$	2,790	$	-	$	-	$	-	$	-	$	-	$	-	$	2,790

1-4 family mortgage
Pass	$	104,306	$	275,081	$	120,726	$	304,519	$	182,756	$	129,523	$	352,805	$	5,104	$	1,474,820
Special Mention		-		-		-		2,944		1,224		5,703		2,631		806		13,308
Substandard - Accruing		-		-		-		-		-		403		192		-		595
Substandard - Non-accrual		-		-		899		798		1,376		1,658		735		-		5,466
Total 1-4 family mortgage	$	104,306	$	275,081	$	121,625	$	308,261	$	185,356	$	137,287	$	356,363	$	5,910	$	1,494,189
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	31	$	-	$	31

Non-owner occupied commercial
Pass	$	168,611	$	475,112	$	168,852	$	1,407,848	$	882,887	$	1,005,623	$	63,823	$	6,928	$	4,179,684
Special Mention		-		-		-		12,534		54,554		2,714		-		651		70,453
Substandard - Accruing		-		-		-		-		-		2,638		-		-		2,638
Substandard - Non-accrual		-		-		-		4,198		2,593		-		-		-		6,791
Total Non-owner occupied commercial	$	168,611	$	475,112	$	168,852	$	1,424,580	$	940,034	$	1,010,975	$	63,823	$	7,579	$	4,259,566
Current-period gross write-offs	$	-		-		-		750		-	$	-	$	-	$	-	$	750

Consumer
Pass	$	19,726	$	6,698	$	2,402	$	2,237	$	1,182	$	3,218	$	29,110	$	-	$	64,573
Special Mention		-		-		-		-		-		-		-		-		-
Substandard - Accruing		-		-		-		-		-		-		-		-		-
Substandard - Non-accrual		-		-		-		-		-		741		-		-		741
Total Consumer	$	19,726	$	6,698	$	2,402	$	2,237	$	1,182	$	3,959	$	29,110	$	-	$	65,314
Current-period gross write-offs	$	-		-		-		-		-	$	60	$	-	$	-	$	60

Total Loans
Pass	$	676,584	$	1,972,173	$	893,583	$	3,001,474	$	1,891,390	$	2,293,756	$	1,743,514	$	45,063	$	12,517,537
Special Mention		-		9,906		9,034		65,513		102,261		37,250		27,316		2,034		253,314
Substandard - Accruing		-		225		416		2,064		345		32,238		6,021		878		42,187
Substandard - Non-accrual		-		772		5,856		13,707		15,703		17,228		20,506		21		73,793
Total Loans	$	676,584	$	1,983,076	$	908,889	$	3,082,758	$	2,009,699	$	2,380,472	$	1,797,357	$	47,996	$	12,886,831
Current-period gross write-offs	$	-	$	2,790	$	532	$	977	$	886	$	403	$	181	$	323	$	6,092

December 31, 2024	2024		2023		2022		2021		2020		Prior		Revolving		Revolving lines of credit converted to term loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	529,002	$	171,139	$	331,476	$	273,304	$	120,088	$	195,011	$	1,121,196	$	248	$	2,741,464
Special Mention		1,767		666		12,260		2,442		3,254		10,001		21,647		-		52,037
Substandard - Accruing		1,064		-		987		349		364		25,620		22,317		-		50,701
Substandard -Non-accrual		-		1,177		2,049		8,201		271		8,513		5,481		-		25,692
Total Commercial, financial and agricultural	$	531,833	$	172,982	$	346,772	$	284,296	$	123,977	$	239,145	$	1,170,641	$	248	$	2,869,894
Current-period gross write-offs	$	36	$	1,002	$	-	$	52	$	675	$	4,327	$	2,851	$	3,172	$	12,115

Real estate - construction
Pass	$	367,275	$	292,379	$	506,542	$	150,307	$	32,330	$	16,083	$	72,793	$	-	$	1,437,710
Special Mention		259		3,100		28,224		16,477		-		-		-		-		48,060
Substandard - Accruing		-		590		2,000		-		-		946		-		-		3,536
Substandard -Non-accrual		-		-		-		-		-		-		-		-		-
Total Real estate - construction	$	367,534	$	296,069	$	536,766	$	166,784	$	32,330	$	17,029	$	72,793	$	-	$	1,489,306
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Owner-occupied commercial
Pass	$	377,351	$	168,561	$	503,351	$	467,790	$	276,795	$	594,794	$	65,269	$	802	$	2,454,713
Special Mention		10,148		6,410		1,373		22,087		5,441		16,912		4,961		-		67,332
Substandard - Accruing		3,562		417		1,147		6,681		2,169		2,378		-		-		16,354
Substandard -Non-accrual		-		-		2,886		-		79		5,779		-		-		8,744
Total Owner-occupied commercial	$	391,061	$	175,388	$	508,757	$	496,558	$	284,484	$	619,863	$	70,230	$	802	$	2,547,143
Current-period gross write-offs	$	-	$	-	$	-	$	100	$	-	$	137	$	-	$	-	$	237

1-4 family mortgage
Pass	$	294,602	$	126,953	$	319,472	$	188,104	$	65,673	$	78,629	$	351,240	$	-	$	1,424,673
Special Mention		-		469		2,523		2,943		1,124		6,628		2,428		-		16,115
Substandard - Accruing		-		-		-		-		-		403		381		-		784
Substandard -Non-accrual		-		265		646		855		405		380		500		-		3,051
Total 1-4 family mortgage	$	294,602	$	127,687	$	322,641	$	191,902	$	67,202	$	86,040	$	354,549	$	-	$	1,444,623
Current-period gross write-offs	$	-	$	28	$	61	$	62	$	-	$	129	$	481	$	-	$	761

Non-owner occupied commercial
Pass	$	479,275	$	174,415	$	1,449,886	$	888,829	$	367,100	$	670,317	$	70,161	$	246	$	4,100,229
Special Mention		-	$	-	$	8,304	$	53,926	$	-	$	3,376	$	-	$	-		65,606
Substandard - Accruing		-		-		4,584		-		-		9,565		-		-		14,149
Substandard -Non-accrual		-		-		384		875		-		-		-		-		1,259
Total Non-owner occupied commercial	$	479,275	$	174,415	$	1,463,158	$	943,630	$	367,100	$	683,258	$	70,161	$	246	$	4,181,243
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Consumer
Pass	$	33,004	$	2,941	$	2,462	$	1,346	$	1,234	$	2,505	$	29,335	$	-	$	72,827
Special Mention		-		-		-		-		-		-		45		-		45
Substandard - Accruing		-		-		-		-		-		-		-		-		-
Substandard -Non-accrual		-		-		-		-		-		755		-		-		755
Total Consumer	$	33,004	$	2,941	$	2,462	$	1,346	$	1,234	$	3,260	$	29,380	$	-	$	73,627
Current-period gross write-offs	$	19	$	8	$	-	$	-	$	-	$	75	$	469	$	-	$	571

Total Loans
Pass	$	2,080,509	$	936,388	$	3,113,189	$	1,969,680	$	863,220	$	1,557,340	$	1,709,994	$	1,296	$	12,231,616
Special Mention		12,174		10,645		52,684		97,875		9,819		36,917		29,081		-		249,195
Substandard - Accruing		4,626		1,007		8,718		7,030		2,533		38,912		22,698		-		85,524
Substandard -Non-accrual		-		1,442		5,965		9,931		755		15,427		5,981		-		39,501
Total Loans	$	2,097,309	$	949,482	$	3,180,556	$	2,084,516	$	876,327	$	1,648,596	$	1,767,754	$	1,296	$	12,605,836
Current-period gross write-offs	$	55	$	1,038	$	61	$	214	$	675	$	4,668	$	3,801	$	3,172	$	13,684

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

March 31, 2025	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,887,647	$	36,886	$	2,924,533
Real estate - construction		1,591,924		7,486		1,599,410
Real estate - mortgage:
Owner-occupied commercial		2,527,352		16,467		2,543,819
1-4 family mortgage		1,488,723		5,466		1,494,189
Non-owner occupied commercial		4,252,774		6,792		4,259,566
Total real estate - mortgage		8,268,849		28,725		8,297,574
Consumer		64,507		807		65,314
Total	$	12,812,927	$	73,904	$	12,886,831

December 31, 2024	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,844,164	$	25,730	$	2,869,894
Real estate - construction		1,488,645		661		1,489,306
Real estate - mortgage:
Owner-occupied commercial		2,538,399		8,744		2,547,143
1-4 family mortgage		1,439,332		5,291		1,444,623
Non-owner occupied commercial		4,179,984		1,259		4,181,243
Total real estate - mortgage		8,157,715		15,294		8,173,009
Consumer		72,846		781		73,627
Total	$	12,563,370	$	42,466	$	12,605,836

Financing Receivable, Past Due [Table Text Block]

March 31, 2025	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	$	5,190	$	5,642	$	45	$	10,877	$	36,841	$	2,876,815	$	2,924,533	$	32,741
Real estate - construction		28,493		16,430		-		44,923		7,486		1,547,001		1,599,410		7,486
Real estate - mortgage:
Owner-occupied commercial		-		1,231		-		1,231		16,467		2,526,121		2,543,819		14,145
1-4 family mortgage		2,697		157		-		2,854		5,466		1,485,869		1,494,189		1,818
Non-owner occupied commercial		13,322		47,904		-		61,226		6,792		4,191,548		4,259,566		5,498
Total real estate - mortgage		16,019		49,292		-		65,311		28,725		8,203,538		8,297,574		21,461
Consumer		102		15		66		183		741		64,390		65,314		-
Total	$	49,804	$	71,379	$	111	$	121,294	$	73,793	$	12,691,744	$	12,886,831	$	61,688

December 31, 2024	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	$	9,218	$	8,469	$	38	$	17,725	$	25,692	$	2,826,477		2,869,894	$	22,266
Real estate - construction		6,046		15,898		661		22,605		-		1,466,701		1,489,306		-
Real estate - mortgage:
Owner-occupied commercial		9,494		2,478		-		11,972		8,744		2,526,427		2,547,143		8,644
1-4 family mortgage		1,157		3,111		2,240		6,508		3,051		1,435,064		1,444,623		2,787
Non-owner occupied commercial		4,432		-		-		4,432		1,259		4,175,552		4,181,243		729
Total real estate - mortgage		15,083		5,589		2,240		22,912		13,054		8,137,043		8,173,009		12,160
Consumer		83		34		26		143		755		72,729		73,627		-
Total	$	30,430	$	29,990	$	2,965	$	63,385	$	39,501	$	12,502,950		12,605,836	$	34,426

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

	Commercial,						Owner-						Non-owner
	financial and			Real estate -			occupied			1-4 family			occupied
	agricultural			construction			commercial			mortgage			commercial			Consumer			Total
	(In Thousands)
	Three Months Ended March 31, 2025
Allowance for credit losses on Loans:
Balance at January 1, 2025	$	55,330		$	38,597		$	22,302		$	14,096		$	31,328			2,805		$	164,458
Charge-offs		(2,415	)		(46	)		(2,790	)		(31	)		(750	)		(60	)		(6,092	)
Recoveries		171			-			-			-			-			27			198
Provision for credit losses on loans		(568	)		3,258			1,818			1,181			1,275			(494	)		6,470
Balance at March 31, 2025	$	52,518		$	41,809		$	21,330		$	15,246		$	31,853			2,278		$	165,034

	Three Months Ended March 31, 2024
Allowance for credit losses:
Balance at January 1, 2024	$	52,121		$	44,658		$	17,702		$	12,029		$	25,395		$	1,412		$	153,317
Charge-offs		(1,842	)		-			-			(67	)		-			(98	)		(2,007	)
Recoveries		199			-			6			-			-			9			214
Provision for credit losses on loans		544			1,031			683			1,032			860			218			4,368
Balance at March 31, 2024	$	51,022		$	45,689		$	18,391		$	12,994		$	26,255		$	1,541		$	155,892

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

			Accounts								ACL
March 31, 2025	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	30,859	$	1,656	$	6,642	$	38,199	$	77,356	$	15,127
Real estate - construction		7,944		-		-		1,686		9,630		741
Real estate - mortgage:
Owner-occupied commercial		12,443		-		-		70		12,513		1,723
1-4 family mortgage		5,166		-		202		802		6,170		1,581
Non-owner occupied commercial		4,435		-		730		937		6,102		1,323
Total real estate - mortgage		22,044		-		932		1,809		24,785		4,627
Consumer		-		-		-		-		-		-
Total	$	60,847	$	1,656	$	7,574	$	41,694	$	111,771	$	20,495


			Accounts								ACL
December 31, 2024	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	18,901	$	1,721	$	7,449	$	42,684	$	70,755	$	17,615
Real estate - construction		2,590		-		-		946		3,536		-
Real estate - mortgage:
Owner-occupied commercial		24,935		-		-		78		25,013		2,890
1-4 family mortgage		3,719		-		109		-		3,828		287
Non-owner occupied commercial		14,533		-		-		875		15,408		2,081
Total real estate - mortgage		43,187		-		109		953		44,249		5,258
Consumer		-		-		-		755		755		755
Total	$	64,678	$	1,721	$	7,558	$	45,338	$	119,295	$	23,628

Financing Receivable, Modified [Table Text Block]

	Three Months Ended March 31, 2025

	Term		Payment				Percentage of
	Extensions		Deferral		Total		Total Loans
			(In Thousands)

Commercial, financial and agricultural	$	-	$	-	$	-		-	%
Real estate - construction		-		-		-		-	%
Owner-occupied commercial		-		11,114		11,114		0.09	%
1-4 family mortgage		-		-		-		-	%
Non-owner occupied commercial		-		-		-		-	%
Total	$	-	$	11,114	$	11,114		0.09	%

	Three Months Ended March 31, 2024

	Term		Payment				Percentage of
	Extensions		Deferral		Total		Total Loans
			(In Thousands)

Commercial, financial and agricultural	$	5,568	$	-	$	5,568		0.05	%
Real estate - construction		973		-		973		0.01	%
Owner-occupied commercial		1,501		-		1,501		0.01	%
1-4 family mortgage		424		-		424		-	%
Non-owner occupied commercial		9,913		-		9,913		0.08	%
Total	$	18,379	$	-	$	18,379		0.15	%

	Three Months Ended March 31, 2025
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		-	$	-
Real estate - construction		-		-
Owner-occupied commercial		3		132
1-4 family mortgage		-		-
Non-owner occupied commercial		-		-

	Three Months Ended March 31, 2024
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		1 to 6	$	-
Real estate - construction		12		-
Owner-occupied commercial		12		-
1-4 family mortgage		12		-
Non-owner occupied commercial		12		-