Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 86,213 $ 56,855
Interest-bearing balances due from depository institutions 151,849 566,707
Federal funds sold 239,524 160,435
Cash and cash equivalents 477,586 783,997
Available for sale debt securities, at fair value 538,080 422,375
Held to maturity debt securities (fair value of $250 and $63,302 at December 31, 2017 and December 31, 2016, respectively) 250 62,564
Equity securities 1,034 1,024
Mortgage loans held for sale 4,459 4,675
Loans 5,851,261 4,911,770
Less allowance for loan losses (59,406) (51,893)
Loans, net 5,791,855 4,859,877
Premises and equipment, net 58,900 40,314
Accrued interest and dividends receivable 20,661 15,801
Deferred tax asset, net 13,022 27,132
Other real estate owned and repossessed assets 6,701 4,988
Bank owned life insurance contracts 127,519 114,388
Goodwill and other identifiable intangible assets 14,719 14,996
Other assets 27,598 18,317
Total assets 7,082,384 6,370,448
Deposits:    
Non-interest-bearing demand 1,440,326 1,281,605
Interest-bearing 4,651,348 4,138,706
Total deposits 6,091,674 5,420,311
Federal funds purchased 301,797 355,944
Other borrowings 64,832 55,262
Accrued interest and dividends payable 4,971 4,401
Other liabilities 11,506 11,641
Total liabilities 6,474,780 5,847,559
Stockholders' equity:    
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 52,992,586 shares issued and outstanding at December 31, 2017, and 52,636,896 shares issued and outstanding at December 31, 2016 53 53
Additional paid-in capital 217,693 215,932
Retained earnings 389,554 307,151
Accumulated other comprehensive loss (198) (624)
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 607,102 522,512
Noncontrolling interest 502 377
Total stockholders' equity 607,604 522,889
Total liabilities and stockholders' equity 7,082,384 6,370,448
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, Series A Senior Non-Cumulative Perpetual, par value $0.001 (liquidation preference $1,000), net of discount; no shares authorized or outstanding at December 31, 2017 and December 31, 2016
Undesignated Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, Series A Senior Non-Cumulative Perpetual, par value $0.001 (liquidation preference $1,000), net of discount; no shares authorized or outstanding at December 31, 2017 and December 31, 2016