Quarterly report pursuant to Section 13 or 15(d)

ACQUISITION (Fair Value of Assets Acquired and Liabilities Assumed) (Details)

v2.4.1.9
ACQUISITION (Fair Value of Assets Acquired and Liabilities Assumed) (Details) (USD $)
In Thousands, unless otherwise specified
 1 Months Ended
Jan. 31, 2015
Assets acquired:  
Cash and cash equivalents $ 8,043us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
Debt securities 29,036us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
Equity securities 499us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets
Loans 148,995us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
Allowance for loan losses 0sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAllowanceForLoanLosses
Premises and equipment, net 8,478us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
Accrued interest receivable 484sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsAccruedInterestReceivables
Deferred taxes 609us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssetsCurrent
Other real estate owned 2,628sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherRealEstateOwned
Bank owned life insurance contracts 2,685sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBankOwnedLifeInsuranceContracts
Core deposit intangible 2,090us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
Other assets 364us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
Total assets acquired 203,911us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
Liabilities assumed:  
Deposits 175,754us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
Federal funds purchased 2,175sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesFederalFundsPurchased
Other borrowings 1,396us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt
Accrued interest payable 89us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
Other liabilities 268us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
Total liabilities assumed 179,682us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
Net assets acquired 24,229us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
Consideration Paid:  
Cash (20,926)us-gaap_PaymentsToAcquireBusinessesGross
Stock (19,356)us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
Total consideration paid (40,282)us-gaap_BusinessCombinationConsiderationTransferred1
Goodwill 16,053us-gaap_Goodwill
Metro Bancshares, Inc [Member]  
Assets acquired:  
Cash and cash equivalents 8,043us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Debt securities 29,333us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Equity securities 499us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Loans 152,869us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Allowance for loan losses (1,621)sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAllowanceForLoanLosses
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Premises and equipment, net 7,606us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Accrued interest receivable 484sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsAccruedInterestReceivables
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Deferred taxes 754us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssetsCurrent
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Other real estate owned 2,373sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherRealEstateOwned
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Bank owned life insurance contracts 2,685sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBankOwnedLifeInsuranceContracts
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Core deposit intangible 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Other assets 364us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Total assets acquired 203,389us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Liabilities assumed:  
Deposits 175,236us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Federal funds purchased 2,175sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesFederalFundsPurchased
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Other borrowings 1,400us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Accrued interest payable 89us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Other liabilities 268us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Total liabilities assumed 179,168us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Net assets acquired 24,221us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Consideration Paid:  
Cash (20,900)us-gaap_PaymentsToAcquireBusinessesGross
/ us-gaap_BusinessAcquisitionAxis
= sfbs_MetroBancsharesIncMember
Preliminary Fair Value Adjustment [Member]  
Assets acquired:  
Cash and cash equivalents 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1]
Debt securities (297)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1],[2]
Equity securities 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1]
Loans (3,874)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1],[3]
Allowance for loan losses 1,621sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAllowanceForLoanLosses
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1],[3]
Premises and equipment, net 872us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1],[4]
Accrued interest receivable 0sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsAccruedInterestReceivables
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1]
Deferred taxes (145)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssetsCurrent
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1],[5]
Other real estate owned 255sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherRealEstateOwned
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1],[6]
Bank owned life insurance contracts 0sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBankOwnedLifeInsuranceContracts
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1]
Core deposit intangible 2,090us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1],[7]
Other assets 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1]
Total assets acquired 522us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1]
Liabilities assumed:  
Deposits 518us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1],[8]
Federal funds purchased 0sfbs_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesFederalFundsPurchased
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1]
Other borrowings (4)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1],[9]
Accrued interest payable 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1]
Other liabilities 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1]
Total liabilities assumed 514us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1]
Net assets acquired $ 8us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ us-gaap_FairValueByMeasurementBasisAxis
= sfbs_PreliminaryFairValueAdjustmentMember 		[1]
[1] The Company’s acquisition of Metro Bancshares, Inc. closed on January 31, 2015. Accordingly, each of the fair value adjustments shown are preliminary estimates of the purchase accounting adjustments. Management is continuing to evaluate each of these fair value adjustments and may revise one or more of them in future periods based on this continuing evaluation. To the extent that any of the preliminary fair value adjustments are revised in future periods, the resultant fair values and the amount of goodwill recorded by the Company will change.
[2] Adjustment reflects the fair value adjustment based on the Company’s pricing of the acquired debt securities portfolio.
[3] Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired loan portfolio and to eliminate the recorded allowance for loan losses.
[4] Adjustment reflects the fair value adjustment based on the Company’s evaluation of the premises and equipment acquired.
[5] Adjustment reflects the differences in the carrying values of acquired assets and assumed liabilities for financial statement purposes and their basis for federal income tax purposes.
[6] Adjustment reflects the fair value adjustment based on the Company’s evaluation of the other real estate owned acquired.
[7] Adjustment reflects the fair value adjustment for the core deposit intangible asset recorded as a result of the acquisition.
[8] Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired deposits.
[9] Adjustment reflects the fair value adjustment based on the Company’s evaluation of the assumed debt.