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)

6 Months Ended

Jun. 30, 2025

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

	June 30,			December 31,
	2025			2024

	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,966,191		$	2,869,894
Real estate - construction		1,735,405			1,489,306
Real estate - mortgage:
Owner-occupied commercial		2,557,711			2,547,143
1-4 family mortgage		1,561,461			1,444,623
Non-owner occupied commercial		4,338,697			4,181,243
Subtotal: Real estate - mortgage		8,457,869			8,173,009
Consumer		73,095			73,627
Total Loans		13,232,560			12,605,836
Less: Allowance for credit losses on loans		(169,959	)		(164,458	)
Net Loans	$	13,062,601		$	12,441,378


Commercial, financial and agricultural		22.42	%		22.77	%
Real estate - construction		13.11	%		11.81	%
Real estate - mortgage:
Owner-occupied commercial		19.33	%		20.21	%
1-4 family mortgage		11.80	%		11.46	%
Non-owner occupied commercial		32.79	%		33.17	%
Subtotal: Real estate - mortgage		63.92	%		64.84	%
Consumer		0.55	%		0.58	%
Total Loans		100.00	%		100.00	%

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

June 30, 2025	2025		2024		2023		2022		2021		Prior		Revolving		Revolving lines of credit converted to term loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	358,354	$	372,499	$	142,078	$	278,631	$	216,249	$	256,151	$	1,185,257	$	23,682	$	2,832,901
Special Mention		1,200		2,042		1,772		5,612		3,396		7,573		32,959		1,297		55,851
Substandard - Accruing		-		222		-		11,536		-		25,310		3,086		876		41,030
Substandard - Non-accrual		-		-		669		965		5,289		8,969		20,496		21		36,409
Total Commercial, financial and agricultural	$	359,554	$	374,763	$	144,519	$	296,744	$	224,934	$	298,003	$	1,241,798	$	25,876	$	2,966,191
Current-period gross write-offs	$	-	$	-	$	618	$	5,275	$	886	$	543	$	1,618	$	323	$	9,263

Real estate - construction
Pass	$	170,525	$	554,630	$	280,417	$	414,424	$	142,719	$	39,546	$	89,338	$	-	$	1,691,599
Special Mention		317		5,253		532		12,887		16,425		-		1		-		35,415
Substandard - Accruing		-		-		-		-		-		945		-		-		945
Substandard - Non-accrual		-		-		3,628		3,818		-		-		-		-		7,446
Total Real estate - construction	$	170,842	$	559,883	$	284,577	$	431,129	$	159,144	$	40,491	$	89,339	$	-	$	1,735,405
Current-period gross write-offs	$	-		-		-		46		-	$	-	$	-	$	-	$	46

Owner-occupied commercial
Pass	$	180,699	$	357,092	$	164,458	$	494,066	$	432,830	$	793,053	$	60,170	$	5,679	$	2,488,047
Special Mention		65		4,967		6,795		397		11,622		23,203		5,724		-		52,773
Substandard - Accruing		-		-		417		2,148		-		2,211		-		-		4,776
Substandard - Non-accrual		-		688		-		2,886		6,552		1,709		280		-		12,115
Total Owner-occupied commercial	$	180,764	$	362,747	$	171,670	$	499,497	$	451,004	$	820,176	$	66,174	$	5,679	$	2,557,711
Current-period gross write-offs	$	-	$	2,790	$	-	$	-	$	-	$	560	$	1	$	-	$	3,351

1-4 family mortgage
Pass	$	202,139	$	261,471	$	113,469	$	296,990	$	177,886	$	125,345	$	359,490	$	3,712	$	1,540,502
Special Mention		-		778		165		2,940		1,731		6,781		2,663		796		15,854
Substandard - Accruing		-		-		-		-		-		402		91		-		493
Substandard - Non-accrual		-		-		733		384		943		1,182		1,370		-		4,612
Total 1-4 family mortgage	$	202,139	$	262,249	$	114,367	$	300,314	$	180,560	$	133,710	$	363,614	$	4,508	$	1,561,461
Current-period gross write-offs	$	-	$	-	$	-	$	20	$	-	$	-	$	31	$	-	$	51

Non-owner occupied commercial
Pass	$	260,089	$	480,159	$	169,005	$	1,434,093	$	816,635	$	970,527	$	69,165	$	9,077	$	4,208,750
Special Mention		487		-		262		28,062		91,229		-		-		-		120,040
Substandard - Accruing		-		-		-		-		-		2,643		-		-		2,643
Substandard - Non-accrual		-		-		-		1,957		2,593		2,714		-		-		7,264
Total Non-owner occupied commercial	$	260,576	$	480,159	$	169,267	$	1,464,112	$	910,457	$	975,884	$	69,165	$	9,077	$	4,338,697
Current-period gross write-offs	$	-		-		-		750		-	$	-	$	-	$	-	$	750

Consumer
Pass	$	24,451	$	5,353	$	2,214	$	1,934	$	1,026	$	2,975	$	34,341	$	-	$	72,294
Special Mention		-		-		-		-		-		-		-		-		-
Substandard - Accruing		-		-		-		-		-		30		-		-		30
Substandard - Non-accrual		-		-		-		-		-		737		34		-		771
Total Consumer	$	24,451	$	5,353	$	2,214	$	1,934	$	1,026	$	3,742	$	34,375	$	-	$	73,095
Current-period gross write-offs	$	-		-		-		-		-	$	133	$	-	$	-	$	133

Total Loans
Pass	$	1,196,257	$	2,031,204	$	871,641	$	2,920,138	$	1,787,345	$	2,187,597	$	1,797,761	$	42,150	$	12,834,093
Special Mention		2,069		13,040		9,526		49,898		124,403		37,557		41,347		2,093		279,933
Substandard - Accruing		-		222		417		13,684		-		31,541		3,177		876		49,917
Substandard - Non-accrual		-		688		5,030		10,010		15,377		15,311		22,180		21		68,617
Total Loans	$	1,198,326	$	2,045,154	$	886,614	$	2,993,730	$	1,927,125	$	2,272,006	$	1,864,465	$	45,140	$	13,232,560
Current-period gross write-offs	$	-	$	2,790	$	618	$	6,091	$	886	$	1,236	$	1,650	$	323	$	13,594

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	$	195,012	$	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	$	239,146	$	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]

June 30, 2025	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,928,673	$	37,518	$	2,966,191
Real estate - construction		1,727,959		7,446		1,735,405
Real estate - mortgage:
Owner-occupied commercial		2,545,596		12,115		2,557,711
1-4 family mortgage		1,554,422		7,039		1,561,461
Non-owner occupied commercial		4,331,433		7,264		4,338,697
Total real estate mortgage		8,431,451		26,418		8,457,869
Consumer		72,309		786		73,095
Total	$	13,160,392	$	72,168	$	13,232,560

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]

June 30, 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	$	5,138	$	11,230	$	1,108	$	17,476	$	36,410	$	2,912,305	$	2,966,191	$	30,790
Real estate - construction		2,120		34,310		-		36,430		7,446		1,691,529		1,735,405		7,446
Real estate - mortgage:
Owner-occupied commercial		1,866		2,639		-		4,505		12,115		2,541,091		2,557,711		10,440
1-4 family mortgage		831		3,072		2,426		6,329		4,613		1,550,519		1,561,461		3,947
Non-owner occupied commercial		-		69,225		-		69,225		7,264		4,262,208		4,338,697		6,436
Total real estate - mortgage		2,697		74,936		2,426		80,059		23,992		8,353,818		8,457,869		20,823
Consumer		65		63		15		143		771		72,181		73,095		1
Total	$	10,020	$	120,539	$	3,549	$	134,108	$	68,619	$	13,029,833	$	13,232,560	$	59,060

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	Real estate -
	agricultural			construction		commercial			mortgage			commercial	mortgage			Consumer			Total

	(In Thousands)
	Three Months Ended June 30, 2025
Allowance for credit losses on Loans:
Balance at April 1, 2025	$	52,518		$	41,809		21,330			15,246		31,853	$	68,429		$	2,278		$	165,034
Charge-offs		(6,849	)		-		(560	)		(20	)	-		(580	)		(73	)		(7,502	)
Recoveries		959			-		1			-		-		1			58			1,018
Provision for credit losses on loans		6,394			4,614		156			(282	)	336		210			191			11,409
Balance at June 30, 2025	$	53,022		$	46,423		20,927			14,944		32,189	$	68,060		$	2,454		$	169,959

	Three Months Ended June 30, 2024
Allowance for credit losses:
Balance at April 1, 2024	$	51,022		$	45,689		18,391		12,994		26,255	$	57,640		$	1,541		$	155,892
Charge-offs		(3,355	)		-		(100	)	(19	)	-		(119	)		(108	)		(3,582	)
Recoveries		406			8		-		-		-		-			15			429
Provision		8,143			(5,247	)	748		654		761		2,163			294			5,353
Balance at June 30, 2024	$	56,216		$	40,450		19,039		13,629		27,016	$	59,684		$	1,742		$	158,092

	Six Months Ended June 30, 2025
Allowance for credit losses:
Balance at January 1, 2025	$	55,330		$	38,597		22,302		14,096		31,328		$	67,726		$	2,805		$	164,458
Charge-offs		(9,263	)		(46	)	(3,351	)	(51	)	(750	)		(4,152	)		(133	)		(13,594	)
Recoveries		1,129			-		1		-		-			1			84			1,214
Provision for credit losses on loans		5,826			7,872		1,975		899		1,611			4,485			(302	)		17,881
Balance at June 30, 2025	$	53,022		$	46,423		20,927		14,944		32,189		$	68,060		$	2,454		$	169,959

	Six Months Ended June 30, 2024
Allowance for credit losses:
Balance at January 1, 2024	$	52,121		$	44,658		17,702		12,029		25,395	$	55,126		$	1,412		$	153,317
Charge-offs		(5,197	)		-		(100	)	(86	)	-		(186	)		(206	)		(5,589	)
Recoveries		605			8		6		-		-		6			24			643
Provision		8,687			(4,216	)	1,431		1,686		1,621		4,738			512			9,721
Balance at June 30, 2024	$	56,216		$	40,450		19,039		13,629		27,016	$	59,684		$	1,742		$	158,092

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

			Accounts								ACL
June 30, 2025	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	18,795	$	1,836	$	15,470	$	37,370	$	73,471	$	15,349
Real estate - construction		7,443		-		-		945		8,388		-
Real estate - mortgage:
Owner-occupied commercial		16,583		-		-		356		16,939		1,674
1-4 family mortgage		4,961		-		107		-		5,068		457
Non-owner occupied commercial		9,044		-		-		876		9,920		1,514
Total real estate - mortgage		30,588		-		107		1,232		31,927		3,645
Consumer		-		-		-		800		800		800
Total	$	56,826	$	1,836	$	15,577	$	40,347	$	114,586	$	19,794

			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 June 30, 2025
			Payment Deferral
	Term		and Term						Percentage of
	Extensions		Extensions		New loan		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	494	$	-	$	-	$	494		-	%
Real estate - construction		-		-		-		-		-	%
Owner-occupied commercial		-		-		-		-		-	%
1-4 family mortgage		-		-		-		-		-	%
Non-owner occupied commercial		-		-		-		-		-	%
Total	$	494	$	-	$	-	$	494		-	%

	Six Months Ended June 30, 2025
			Payment Deferral
	Term		and Term						Percentage of
	Extensions		Extensions		New loan		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	494	$	-	$	-	$	494		-	%
Real estate - construction		-		-		-		-		-	%
Owner-occupied commercial		-		11,105		-		11,105		0.08	%
1-4 family mortgage		-		-		-		-		-	%
Non-owner occupied commercial		-		-		-		-		-	%
Total	$	494	$	11,105	$	-	$	11,599		0.08	%

	Three months ended June 30, 2024
			Payment Deferral
	Term		and Term						Percentage of
	Extensions		Extensions		New loan		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	2,504	$	1,014	$	-	$	3,518		0.03	%
Real estate - construction		-		-		-		-		-	%
Owner-occupied commercial		-		1,158		-		1,158		0.01	%
1-4 family mortgage		-		43		-		43		-	%
Non-owner occupied commercial		-		-		-		-		-	%
Total	$	2,504	$	2,215	$	-	$	4,719		0.04	%

	Six months ended June 30, 2024
			Payment Deferral
	Term		and Term						Percentage of
	Extensions		Extensions		New loan		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	2,504	$	1,014	$	429	$	3,947		0.03	%
Real estate - construction		-		-		-		-		-	%
Owner-occupied commercial		-		1,158		-		1,158		0.01	%
1-4 family mortgage		-		43		106		149		-	%
Non-owner occupied commercial		-		-		-		-		-	%
Total	$	2,504	$	2,215	$	535	$	5,254		0.04	%

	Three Months Ended June 30, 2025
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3	$	-
Real estate - construction		-		-
Owner-occupied commercial		-		-
1-4 family mortgage		-		-
Non-owner occupied commercial		-		-

	Six Months Ended June 30, 2025
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3	$	-
Real estate - construction		-		-
Owner-occupied commercial		3		132
1-4 family mortgage		-		-
Non-owner occupied commercial		-		-

	Three Months Ended June 30, 2024
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3 to 60	$	125
Real estate - construction		-		-
Owner-occupied commercial		60		16
1-4 family mortgage		121		2
Non-owner occupied commercial		-		-

	Six Months Ended June 30, 2024
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3 to 60	$	125
Real estate - construction		-		-
Owner-occupied commercial		60		16
1-4 family mortgage		3 to 121		2
Non-owner occupied commercial		-		-