Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 78,618 $ 97,516
Interest-bearing balances due from depository institutions 451,509 360,534
Federal funds sold 100,473 223,845
Cash and cash equivalents 630,600 681,895
Available for sale debt securities, at fair value 759,399 590,184
Held to maturity debt securities (fair value of $250 at December 31, 2019) 250 0
Mortgage loans held for sale 6,312 120
Loans 7,261,451 6,533,499
Less allowance for loan losses (76,584) (68,600)
Loans, net 7,184,867 6,464,899
Premises and equipment, net 56,496 57,822
Accrued interest and dividends receivable 26,262 24,070
Deferred tax asset, net 25,566 27,277
Other real estate owned and repossessed assets 8,178 5,169
Bank owned life insurance contracts 209,395 130,649
Goodwill and other identifiable intangible assets 14,179 14,449
Other assets 26,149 10,848
Total assets 8,947,653 8,007,382
Liabilities:    
Non-interest-bearing demand 1,749,879 1,557,341
Interest-bearing 5,780,554 5,358,367
Total deposits 7,530,433 6,915,708
Federal funds purchased 470,749 288,725
Other borrowings 64,703 64,666
Accrued interest and dividends payable 11,934 10,381
Other liabilities 27,152 12,699
Total liabilities 8,104,971 7,292,179
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at December 31, 2019 and December 31, 2018 0 0
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 53,623,740 shares issued and outstanding at December 31, 2019, and 53,375,195 shares issued and outstanding at December 31, 2018 54 53
Additional paid-in capital 219,766 218,521
Retained earnings 616,611 500,868
Accumulated other comprehensive income (loss) 5,749 (4,741)
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 842,180 714,701
Noncontrolling interest 502 502
Total stockholders' equity 842,682 715,203
Total liabilities and stockholders' equity $ 8,947,653 $ 8,007,382