Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 56,855 $ 46,614
Interest-bearing balances due from depository institutions 566,707 270,836
Federal funds sold 160,435 34,785
Cash and cash equivalents 783,997 352,235
Available for sale debt securities, at fair value 422,375 342,938
Held to maturity debt securities (fair value of $63,302 and $27,910 at December 31, 2016 and 2015, respectively) 62,564 27,426
Equity securities 1,024 4,954
Mortgage loans held for sale 4,675 8,249
Loans 4,911,770 4,216,375
Less allowance for loan losses (51,893) (43,419)
Loans, net 4,859,877 4,172,956
Premises and equipment, net 40,314 19,434
Accrued interest and dividends receivable 15,801 13,698
Deferred tax asset, net 27,132 23,425
Other real estate owned and repossessed assets 4,988 5,392
Bank owned life insurance contracts 114,388 91,594
Goodwill and other identifiable intangible assets 14,996 15,330
Other assets 18,317 17,878
Total assets 6,370,448 5,095,509
Deposits:    
Non-interest-bearing demand 1,281,605 1,053,467
Interest-bearing 4,138,706 3,170,421
Total deposits 5,420,311 4,223,888
Federal funds purchased 355,944 352,360
Other borrowings 55,262 55,637
Accrued interest and dividends payable 4,401 2,369
Other liabilities 11,641 12,108
Total liabilities 5,847,559 4,646,362
Stockholders' equity:    
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 52,636,896 shares issued and outstanding at December 31, 2016, and 51,945,396 shares issued and outstanding at December 31, 2015 53 26
Additional paid-in capital 215,932 211,546
Retained earnings 307,151 234,150
Accumulated other comprehensive (loss) income (624) 3,048
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 522,512 448,770
Noncontrolling interest 377 377
Total stockholders' equity 522,889 449,147
Total liabilities and stockholders' equity 6,370,448 5,095,509
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 0 0
Undesignated Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock $ 0 $ 0