ServisFirst Bancshares, Inc. Annual report pursuant to Section 13 and 15(d)

PARENT COMPANY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2015

	December 31,		December 31,
	2015		2014
ASSETS
Cash and due from banks	$	48,182	$	61,611
Investment in subsidiary		456,407		366,609
Other assets		375		51
Total assets	$	504,964	$	428,271

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Other borrowings	$	54,639	$	19,973
Other liabilities		1,555		1,337
Total liabilities		56,194		21,310
Stockholders' equity:
Preferred stock, Series A Senior Non-Cumulative Perpetual, par value $0.001 (liquidation preference $1,000), net of discount; 40,000 shares authorized, no shares issued and outstanding at December 31, 2015, and 40,000 shares issued and outstanding at December 31, 2014		-		39,958
Common stock, par value $0.001 per share; 50,000,000 shares authorized; 25,972,698 shares issued and outstanding at December 31, 2015 and 24,801,518 shares issued and outstanding at December 31, 2014		26		25
Additional paid-in capital		211,546		185,397
Retained earnings		234,150		177,091
Accumulated other comprehensive income		3,048		4,490
Total stockholders' equity		448,770		406,961
Total liabilites and stockholders' equity	$	504,964	$	428,271

	2015		2014		2013
Income:
Dividends received from subsidiary	$	20,000	$	12,000	$	4,750
Other income		1		-		1
Total income		20,001		12,000		4,751
Expense:
Other expenses		1,603		1,183		1,147
Total expenses		1,603		1,183		1,147
Equity in undistributed earnings of subsidiary		45,095		41,529		37,997
Net income		63,493		52,346		41,601
Dividends on preferred stock		233		400		400
Net income available to common stockholders	$	63,260	$	51,946	$	41,201

	2015		2014		2013
Operating activities
Net income	$	63,493	$	52,346	$	41,601
Adjustments to reconcile net income to net cash used in operating activities:
Other		(271)		165		(224)
Equity in undistributed earnings of subsidiary		(45,095)		(41,529)		(37,997)
Net cash provided by operating activities		18,127		10,982		3,380
Investing activities
Other		-		-		(10,499)
Net cash paid in acquisition		(20,926)		-		-
Investment in subsidiary		736		-		-
Net cash used in investing activities		(20,190)		-		(10,499)
Financing activities
Proceeds from other borrowings		34,750		-		-
Redemption of preferred stock		(40,000)		-		-
Proceeds from issuance of common stock, net		-		52,076		10,499
Dividends paid on common stock		(5,883)		(3,609)		(3,682)
Dividends paid on preferred stock		(233)		(400)		(400)
Net cash provided by financing activities		(11,366)		48,067		6,417
(Decrease) increase in cash and cash equivalents		(13,429)		59,049		(702)
Cash and cash equivalents at beginning of year		61,611		2,562		3,264
Cash and cash equivalents at end of year	$	48,182	$	61,611	$	2,562