ServisFirst Bancshares, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Note 3 - Loans (Tables)

Note 3 - Loans (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	December 31,
	2025			2024
	(In Thousands)
Commercial, financial and agricultural	$	3,146,736		$	2,869,894
Real estate - construction		1,457,628			1,489,306
Real estate - mortgage:
Owner-occupied commercial		2,739,823			2,547,143
1-4 family mortgage		1,671,713			1,444,623
Non-owner occupied commercial		4,603,389			4,181,243
Subtotal: Real estate mortgage		9,014,925			8,173,009
Consumer		77,623			73,627
Total Loans		13,696,912			12,605,836
Less: Allowance for credit losses		(171,683	)		(164,458	)
Net Loans	$	13,525,229		$	12,441,378

Schedule of Allowance for Loan Losses [Table Text Block]

	Years Ended December 31,
	2025			2024			2023
	(In Thousands)
Balance, beginning of year	$	164,458		$	153,317		$	146,297
Loans charged off		(31,166	)		(13,684	)		(14,581	)
Recoveries		3,046			3,272			2,886
Provision for credit losses		35,345			21,553			18,715
Balance, end of year	$	171,683		$	164,458		$	153,317

Financing Receivable, Allowance for Credit Loss [Table Text Block]

	Commercial, financial and			Real estate -			Owner-occupied			1-4 family			Non-owner occupied commercial			Total Real estate -
	agricultural			construction			commercial			mortgage			commercial			mortgage			Consumer			Total

	(In Thousands)
	Year Ended December 31, 2025
Allowance for credit losses:
Balance at January 1, 2025	$	55,330		$	38,597		$	22,302		$	14,096		$	31,328		$	67,726		$	2,805		$	164,458
Charge-offs		(24,904	)		(46	)		(4,038	)		(303	)		(1,168	)		(5,509	)		(707	)		(31,166	)
Recoveries		2,900			30			1			-			-			1			115			3,046
Provision		30,294			(16,149	)		568			10,946			8,811			20,325			875			35,345
Balance at December 31, 2025	$	63,620		$	22,432		$	18,833		$	24,739		$	38,971		$	82,543		$	3,088		$	171,683

	Year Ended December 31, 2024
Allowance for credit losses:
Balance at January 1, 2024	$	52,121		$	44,658		$	17,702		$	12,029		$	25,395		$	55,126		$	1,412		$	153,317
Charge-offs		(12,115	)		-			(237	)		(761	)		-			(998	)		(571	)		(13,684	)
Recoveries		3,021			8			29			2			-			31			212			3,272
Provision		12,303			(6,069	)		4,808			2,826			5,933			13,567			1,752			21,553
Balance at December 31, 2024	$	55,330		$	38,597		$	22,302		$	14,096		$	31,328		$	67,726		$	2,805		$	164,458

	Year Ended December 31, 2023
Allowance for credit losses:
Balance at January 1, 2023	$	42,830		$	42,889		$	16,843		$	12,219		$	29,590		$	58,652		$	1,926		$	146,297
Charge-offs		(13,229	)		(108	)		(117	)		(54	)		-			(171	)		(1,073	)		(14,581	)
Recoveries		2,800			3			-			-			-			-			83			2,886
Provision		19,720			1,874			976			(136	)		(4,195	)		(3,355	)		476			18,715
Balance at December 31, 2023	$	52,121		$	44,658		$	17,702		$	12,029		$	25,395		$	55,126		$	1,412		$	153,317

Financing Receivable Based on Year of Origination [Table Text Block]

December 31, 2025	2025		2024		2023		2022		2021		Prior		Revolving		Revolving lines of credit converted to term loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	682,117	$	327,516	$	120,889	$	219,978	$	186,839	$	219,843	$	1,267,362	$	25,570	$	3,050,114
Special Mention		4,206		1,927		231		2,716		1,822		6,878		20,423		4,564		42,767
Substandard - Accruing		-		53		-		603		-		24,715		1,728		-		27,099
Substandard - Non-accrual		-		885		669		336		1		8,176		15,793		896		26,756
Total Commercial, financial and agricultural	$	686,323	$	330,381	$	121,789	$	223,633	$	188,662	$	259,612	$	1,305,306	$	31,030	$	3,146,736
Current-period gross write-offs	$	-	$	-	$	669	$	5,667	$	1,925	$	1,442	$	14,878	$	323	$	24,904

Real estate - construction
Pass	$	468,553	$	396,658	$	188,617	$	185,466	$	65,552	$	26,911	$	82,009	$	-	$	1,413,766
Special Mention		-		6,401		-		-		-		479		150		-		7,030
Substandard - Accruing		-		-		-		-		-		945		1		-		946
Substandard - Non-accrual		-		-		3,508		15,946		16,432		-		-		-		35,886
Total Real estate - construction	$	468,553	$	403,059	$	192,125	$	201,412	$	81,984	$	28,335	$	82,160	$	-	$	1,457,628
Current-period gross write-offs	$	-	$	-	$	-	$	46	$	-	$	-	$	-	$	-	$	46

Owner-occupied commercial
Pass	$	471,700	$	369,455	$	158,561	$	439,521	$	420,902	$	741,250	$	78,331	$	2,397	$	2,682,117
Special Mention		3,570		4,786		1,787		394		7,252		16,043		2,794		-		36,626
Substandard - Accruing		125		-		1,552		-		-		4,476		1,350		-		7,503
Substandard - Non-accrual		-		-		417		5,002		6,452		1,706		-		-		13,577
Total Owner-occupied commercial	$	475,395	$	374,241	$	162,317	$	444,917	$	434,606	$	763,475	$	82,475	$	2,397	$	2,739,823
Current-period gross write-offs	$	-	$	3,478	$	-	$	-	$	-	$	560	$	-	$	-	$	4,038

1-4 family mortgage
Pass	$	323,633	$	236,761	$	105,279	$	274,544	$	168,885	$	115,994	$	423,365	$	4,096	$	1,652,557
Special Mention		-		160		173		40		2,681		1,397		4,685		-		9,136
Substandard - Accruing		-		-		-		-		-		402		178		-		580
Substandard - Non-accrual		395		1,101		109		5,059		969		1,014		705		88		9,440
Total 1-4 family mortgage	$	324,028	$	238,022	$	105,561	$	279,643	$	172,535	$	118,807	$	428,933	$	4,184	$	1,671,713
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	37	$	266	$	-	$	303

Non-owner occupied commercial
Pass	$	673,189	$	648,847	$	208,324	$	1,293,147	$	711,292	$	872,833	$	79,131	$	2,277	$	4,489,040
Special Mention		-		-		259		340		25,079		-		-		-		25,678
Substandard - Accruing		-		-		-		3,187		864		2,643		-		-		6,694
Substandard - Non-accrual		-		3,815		-		17,747		57,701		2,714		-		-		81,977
Total Non-owner occupied commercial	$	673,189	$	652,662	$	208,583	$	1,314,421	$	794,936	$	878,190	$	79,131	$	2,277	$	4,603,389
Current-period gross write-offs	$	-	$	-	$	-	$	1,117	$	47	$	4	$	-	$	-	$	1,168

Consumer
Pass	$	29,354	$	3,584	$	1,578	$	1,594	$	594	$	2,130	$	38,009	$	-	$	76,843
Special Mention		-		-		-		-		23		-		21		-		44
Substandard - Accruing		-		-		-		-		-		21		-		-		21
Substandard - Non-accrual		-		-		-		15		-		700		-		-		715
Total Consumer	$	29,354	$	3,584	$	1,578	$	1,609	$	617	$	2,851	$	38,030	$	-	$	77,623
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	573	$	134	$	-	$	707

Total Loans
Pass	$	2,648,546	$	1,982,821	$	783,248	$	2,414,250	$	1,554,064	$	1,978,961	$	1,968,207	$	34,340	$	13,364,437
Special Mention		7,776		13,274		2,450		3,490		36,857		24,797		28,073		4,564		121,281
Substandard - Accruing		125		53		1,552		3,790		864		33,202		3,257		-		42,843
Substandard - Non-accrual		395		5,801		4,703		44,105		81,555		14,310		16,498		984		168,351
Total Loans	$	2,656,842	$	2,001,949	$	791,953	$	2,465,635	$	1,673,340	$	2,051,270	$	2,016,035	$	39,888	$	13,696,912
Current-period gross write-offs	$	-	$	3,478	$	669	$	6,830	$	1,972	$	2,616	$	15,278	$	323	$	31,166

December 31, 2024	2024		2023		2022		2021		2020		Prior		Revolving		Revolving lines of credit converted to term loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	529,002	$	171,139	$	331,476	$	273,304	$	120,088	$	195,011	$	1,121,196	$	248	$	2,741,464
Special Mention		1,767		666		12,260		2,442		3,254		10,001		21,647		-		52,037
Substandard - Accruing		1,064		-		987		349		364		25,620		22,317		-		50,701
Substandard - Non-accrual		-		1,177		2,049		8,201		271		8,513		5,481		-		25,692
Total Commercial, financial and agricultural	$	531,833	$	172,982	$	346,772	$	284,296	$	123,977	$	239,145	$	1,170,641	$	248	$	2,869,894
Current-period gross write-offs	$	36	$	1,002	$	-	$	52	$	675	$	4,327	$	2,851	$	3,172	$	12,115

Real estate - construction
Pass	$	367,276	$	292,379	$	506,542	$	150,307	$	32,330	$	16,083	$	72,793	$	-	$	1,437,710
Special Mention		259		3,100		28,224		16,477		-		-		-		-		48,060
Substandard - Accruing		-		590		2,000		-		-		946		-		-		3,536
Substandard - Non-accrual		-		-		-		-		-		-		-		-		-
Total Real estate - construction	$	367,535	$	296,069	$	536,766	$	166,784	$	32,330	$	17,029	$	72,793	$	-	$	1,489,306
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Owner-occupied commercial
Pass	$	377,351	$	168,561	$	503,351	$	467,790	$	276,795	$	594,794	$	65,269	$	802	$	2,454,713
Special Mention		10,148		6,410		1,373		22,087		5,441		16,912		4,961		-		67,332
Substandard - Accruing		3,562		417		1,147		6,681		2,169		2,378		-		-		16,354
Substandard - Non-accrual		-		-		2,886		-		79		5,779		-		-		8,744
Total Owner-occupied commercial	$	391,061	$	175,388	$	508,757	$	496,558	$	284,484	$	619,863	$	70,230	$	802	$	2,547,143
Current-period gross write-offs	$	-	$	-	$	-	$	100	$	-	$	137	$	-	$	-	$	237

1-4 family mortgage
Pass	$	294,602	$	126,953	$	319,472	$	188,104	$	65,673	$	78,629	$	351,240	$	-	$	1,424,673
Special Mention		-		469		2,523		2,943		1,124		6,628		2,428		-		16,115
Substandard - Accruing		-		-		-		-		-		403		381		-		784
Substandard - Non-accrual		-		265		646		855		405		380		500		-		3,051
Total 1-4 family mortgage	$	294,602	$	127,687	$	322,641	$	191,902	$	67,202	$	86,040	$	354,549	$	-	$	1,444,623
Current-period gross write-offs	$	-	$	28	$	61	$	62	$	-	$	129	$	481	$	-	$	761

Non-owner occupied commercial
Pass	$	479,275	$	174,415	$	1,449,886	$	888,829	$	367,100	$	670,317	$	70,161	$	246	$	4,100,229
Special Mention		-		-		8,304		53,926		-		3,376		-		-		65,606
Substandard - Accruing		-		-		4,584		-		-		9,565		-		-		14,149
Substandard - Non-accrual		-		-		384		875		-		-		-		-		1,259
Total Non-owner occupied commercial	$	479,275	$	174,415	$	1,463,158	$	943,630	$	367,100	$	683,258	$	70,161	$	246	$	4,181,243
Current-period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Consumer
Pass	$	33,004	$	2,941	$	2,462	$	1,346	$	1,234	$	2,505	$	29,335	$	-	$	72,827
Special Mention		-		-		-		-		-		-		45		-		45
Substandard - Accruing		-		-		-		-		-		-		-		-		-
Substandard - Non-accrual		-		-		-		-		-		755		-		-		755
Total Consumer	$	33,004	$	2,941	$	2,462	$	1,346	$	1,234	$	3,260	$	29,380	$	-	$	73,627
Current-period gross write-offs	$	19	$	8	$	-	$	-	$	-	$	75	$	469	$	-	$	571

Total Loans
Pass	$	2,080,509	$	936,388	$	3,113,189	$	1,969,680	$	863,220	$	1,557,340	$	1,709,994	$	1,296	$	12,231,616
Special Mention		12,174		10,645		52,684		97,875		9,819		36,917		29,081		-		249,195
Substandard - Accruing		4,626		1,007		8,718		7,030		2,533		38,912		22,698		-		85,524
Substandard - Non-accrual		-		1,442		5,965		9,931		755		15,427		5,981		-		39,501
Total Loans	$	2,097,309	$	949,482	$	3,180,556	$	2,084,516	$	876,327	$	1,648,596	$	1,767,754	$	1,296	$	12,605,836
Current-period gross write-offs	$	55	$	1,038	$	61	$	214	$	675	$	4,668	$	3,801	$	3,172	$	13,684

Financing Receivable, Credit Substitute, Credit Quality Indicator [Table Text Block]

December 31, 2025	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	3,119,879	$	26,857	$	3,146,736
Real estate - construction		1,421,743		35,885		1,457,628
Real estate - mortgage:
Owner-occupied commercial		2,726,245		13,578		2,739,823
1-4 family mortgage		1,661,950		9,763		1,671,713
Non-owner occupied commercial		4,521,412		81,977		4,603,389
Total real estate - mortgage		8,909,607		105,318		9,014,925
Consumer		76,854		769		77,623
Total	$	13,528,083	$	168,829	$	13,696,912

December 31, 2024	Performing		Nonperforming		Total
	(In Thousands)
Commercial, financial and agricultural	$	2,844,164	$	25,730	$	2,869,894
Real estate - construction		1,488,645		661		1,489,306
Real estate - mortgage:
Owner-occupied commercial		2,538,399		8,744		2,547,143
1-4 family mortgage		1,439,332		5,291		1,444,623
Non-owner occupied commercial		4,179,984		1,259		4,181,243
Total real estate - mortgage		8,157,715		15,294		8,173,009
Consumer		72,846		781		73,627
Total	$	12,563,370	$	42,466	$	12,605,836

Financing Receivable, Past Due [Table Text Block]

December 31, 2025	Past Due Status (Accruing Loans)
							Total Past		Total						Nonaccrual
	30-59 Days		60-89 Days		90+ Days		Due		Nonaccrual		Current		Total Loans		With No ACL
	(In Thousands)

Commercial, financial and agricultural	$	1,001	$	1,533	$	101	$	2,635	$	26,756	$	3,117,345	$	3,146,736	$	19,724
Real estate - construction		-		1,148		-		1,148		35,885		1,420,595		1,457,628		35,173
Real estate - mortgage:
Owner-occupied commercial		5,815		295		-		6,110		13,578		2,720,135		2,739,823		13,578
1-4 family mortgage		998		4,770		323		6,091		9,440		1,656,182		1,671,713		8,993
Non-owner occupied commercial		2,663		-		-		2,663		81,977		4,518,749		4,603,389		77,930
Total real estate -mortgage		9,476		5,065		323		14,864		104,995		8,895,066		9,014,925		100,501
Consumer		491		140		54		685		715		76,223		77,623		15
Total	$	10,968	$	7,886	$	478	$	19,332	$	168,351	$	13,509,229	$	13,696,912	$	155,413

December 31, 2024	Past Due Status (Accruing Loans)
							Total Past		Total						Nonaccrual
	30-59 Days		60-89 Days		90+ Days		Due		Nonaccrual		Current		Total Loans		With No ACL
	(In Thousands)

Commercial, financial and agricultural	$	9,218	$	8,469	$	38	$	17,725	$	25,692	$	2,826,477		2,869,894	$	22,266
Real estate - construction		6,046		15,898		661		22,605		-		1,466,701		1,489,306		-
Real estate - mortgage:
Owner-occupied commercial		9,494		2,478		-		11,972		8,744		2,526,427		2,547,143		8,644
1-4 family mortgage		1,157		3,111		2,240		6,508		3,051		1,435,064		1,444,623		2,787
Non-owner occupied commercial		4,432		-		-		4,432		1,259		4,175,552		4,181,243		729
Total real estate -mortgage		15,083		5,589		2,240		22,912		13,054		8,137,043		8,173,009		12,160
Consumer		83		34		26		143		755		72,729		73,627		-
Total	$	30,430	$	29,990	$	2,965	$	63,385	$	39,501	$	12,502,950		12,605,836	$	34,426

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

			Accounts								ACL
December 31, 2025	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	18,792	$	2,247	$	2,763	$	30,235	$	54,037	$	17,465
Real estate - construction		35,946		-		-		944		36,890		712
Real estate - mortgage:
Owner-occupied commercial		21,076		-		-		76		21,152		-
1-4 family mortgage		9,887		-		109		-		9,996		446
Non-owner occupied commercial		87,917		-		-		875		88,792		5,434
Total real estate - mortgage		118,880		-		109		951		119,940		5,880
Consumer		-		-		15		721		736		721
Total	$	173,618	$	2,247	$	2,887	$	32,851	$	211,603	$	24,778

			Accounts								ACL
December 31, 2024	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	18,901	$	1,721	$	7,449	$	42,684	$	70,755	$	17,615
Real estate - construction		2,590		-		-		946		3,536		-
Real estate - mortgage:
Owner-occupied commercial		24,935		-		-		78		25,013		2,890
1-4 family mortgage		3,719		-		109		-		3,828		287
Non-owner occupied commercial		14,533		-		-		875		15,408		2,081
Total real estate - mortgage		43,187		-		109		953		44,249		5,258
Consumer		-		-		-		755		755		755
Total	$	64,678	$	1,721	$	7,558	$	45,338	$	119,295	$	23,628

Financing Receivable, Modified [Table Text Block]

	Year Ended December 31, 2025
					Payment Deferral
	Term				and Term		New				Percentage of
	Extensions		Payment Deferral		Extensions		Origination		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	150	$	10,163	$	494	$	-	$	10,807		0.08	%
Real estate - construction		-		5,945		-		-		5,945		0.04	%
Owner-occupied commercial		-		13,252		-		-		13,252		0.10	%
1-4 family mortgage		-		402		-		-		402		-	%
Total	$	150	$	29,762	$	494	$	-	$	30,406		0.22	%

	Year Ended December 31, 2024
					Payment Deferral
	Term				and Term		New				Percentage of
	Extensions		Payment Deferral		Extensions		Origination		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	248	$	12,354	$	-	$	-	$	12,602		0.10	%
Owner-occupied commercial		3,562		5,827		-		-		9,389		0.07	%
1-4 family mortgage		175		174		-		96		445		-	%
Total	$	3,985	$	18,355	$	-	$	96	$	22,436		0.17	%

	Year Ended December 31, 2025
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3 to 58	$	903
Real estate - construction		4 to 5		339
Owner-occupied commercial		4 to 8		232
1-4 family mortgage		4		17
Non-owner occupied commercial		-		-

	Year Ended December 31, 2024
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		4 to 95	$	1,403
Real estate - construction		-		-
Owner-occupied commercial		5 to 60		16
1-4 family mortgage		3 to 121		9
Non-owner occupied commercial		-		-

Schedule of Changes in Related Party Loans [Table Text Block]

	Years Ended December 31,
	2025			2024
	(In Thousands)
Balance, beginning of year	$	42,427		$	39,831
Advances		28,182			32,740
Repayments		(24,086	)		(29,585	)
Removal		-			(559	)
Balance, end of year	$	46,523		$	42,427