Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Current Period Unaudited)

v3.25.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
[1]
ASSETS    
Cash and due from banks $ 140,659 $ 116,394
Interest-bearing balances due from depository institutions 1,236,485 2,259,195
Securities purchased with agreement to resell 327,760 0
Federal funds sold 6,000 1,045
Cash and cash equivalents 1,710,904 2,376,634
Available-for-sale debt securities, at fair value 1,227,851 1,161,400
Held-to-maturity debt securities (fair value of $630,105 and $639,496, respectively) 686,652 714,853
Restricted equity securities 12,156 11,300
Mortgage loans held for sale 22,131 9,211
Loans 13,232,560 12,605,836
Less allowance for credit losses (169,959) (164,458)
Loans, net 13,062,601 12,441,378
Premises and equipment, net 59,993 59,185
Accrued interest and dividends receivable 61,839 62,794
Deferred tax asset, net 55,735 61,748
Other real estate owned and repossessed assets 311 2,531
Bank owned life insurance contracts 304,050 299,787
Goodwill 13,615 13,615
Other assets 160,790 137,207
Total assets 17,378,628 17,351,643
Liabilities:    
Non-interest-bearing demand 2,632,058 2,619,687
Interest-bearing 11,230,261 10,923,772
Total deposits 13,862,319 13,543,459
Federal funds purchased 1,599,135 1,993,728
Other borrowings 64,747 64,743
Accrued interest and dividends payable 27,374 28,026
Other liabilities 103,270 104,915
Total liabilities 15,656,845 15,734,871
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at June 30, 2025 and December 31, 2024 0 0
Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,618,545 shares issued and outstanding at June 30, 2025; and 54,569,427 shares issued and outstanding at December 31, 2024 54 54
Additional paid-in capital 236,716 235,781
Retained earnings 1,500,767 1,412,616
Accumulated other comprehensive loss (16,254) (32,179)
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,721,283 1,616,272
Noncontrolling interest 500 500
Total stockholders' equity 1,721,783 1,616,772
Total liabilities and stockholders' equity $ 17,378,628 $ 17,351,643
[1] Derived from audited financial statements.