ServisFirst Bancshares, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Loans (Tables)

Note 5 - Loans (Tables)

9 Months Ended

Sep. 30, 2020

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

	September 30,			December 31,
	2020			2019
	(Dollars In Thousands)
Commercial, financial and agricultural	$	3,466,189		$	2,696,210
Real estate - construction		530,919			521,392
Real estate - mortgage:
Owner-occupied commercial		1,725,222			1,587,478
1-4 family mortgage		671,841			644,188
Other mortgage		2,056,549			1,747,394
Subtotal: Real estate - mortgage		4,453,612			3,979,060
Consumer		57,834			64,789
Total Loans		8,508,554			7,261,451
Less: Allowance for loan losses		(92,440	)		(76,584	)
Net Loans	$	8,416,114		$	7,184,867
Commercial, financial and agricultural		40.74	%		37.13	%
Real estate - construction		6.24	%		7.18	%
Real estate - mortgage:
Owner-occupied commercial		20.27	%		21.86	%
1-4 family mortgage		7.90	%		8.87	%
Other mortgage		24.17	%		24.07	%
Subtotal: Real estate - mortgage		52.34	%		54.80	%
Consumer		0.68	%		0.89	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

			Special
September 30, 2020	Pass		Mention		Substandard		Doubtful		Total

	(In Thousands)
Commercial, financial and agricultural	$	3,374,467	$	17,955	$	73,767	$	-	$	3,466,189
Real estate - construction		527,231		3,100		588		-		530,919
Real estate - mortgage:
Owner-occupied commercial		1,708,113		14,280		2,829		-		1,725,222
1-4 family mortgage		666,463		2,065		3,313		-		671,841
Other mortgage		2,031,328		12,006		13,215		-		2,056,549
Total real estate mortgage		4,405,904		28,351		19,357		-		4,453,612
Consumer		57,785		49		-		-		57,834
Total	$	8,365,387	$	49,455	$	93,712	$	-	$	8,508,554

			Special
December 31, 2019	Pass		Mention		Substandard		Doubtful		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,629,487	$	46,176	$	20,547	$	-	$	2,696,210
Real estate - construction		512,373		4,731		4,288		-		521,392
Real estate - mortgage:
Owner-occupied commercial		1,555,283		18,240		13,955		-		1,587,478
1-4 family mortgage		639,959		2,787		1,442		-		644,188
Other mortgage		1,735,869		10,018		1,507		-		1,747,394
Total real estate mortgage		3,931,111		31,045		16,904		-		3,979,060
Consumer		64,789		-		-		-		64,789
Total	$	7,137,760	$	81,952	$	41,739	$	-	$	7,261,451

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

September 30, 2020	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	3,447,490	$	18,699	$	3,466,189
Real estate - construction		530,332		587		530,919
Real estate - mortgage:
Owner-occupied commercial		1,723,384		1,838		1,725,222
1-4 family mortgage		671,227		614		671,841
Other mortgage		2,051,722		4,827		2,056,549
Total real estate mortgage		4,446,333		7,279		4,453,612
Consumer		57,826		8		57,834
Total	$	8,481,981	$	26,573	$	8,508,554

December 31, 2019	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,681,280	$	14,930	$	2,696,210
Real estate - construction		519,803		1,589		521,392
Real estate - mortgage:
Owner-occupied commercial		1,576,652		10,826		1,587,478
1-4 family mortgage		641,875		2,313		644,188
Other mortgage		1,740,963		6,431		1,747,394
Total real estate mortgage		3,959,490		19,570		3,979,060
Consumer		64,766		23		64,789
Total	$	7,225,339	$	36,112	$	7,261,451

Financing Receivable, Past Due [Table Text Block]

September 30, 2020	Past Due Status (Accruing Loans)
							Total Past
	30-59 Days		60-89 Days		90+ Days		Due		Non-Accrual		Current		Total Loans

	(In Thousands)
Commercial, financial and agricultural	$	721	$	3,102	$	63	$	3,886	$	18,636	$	3,443,667	$	3,466,189
Real estate - construction		-		-		-		-		587		530,332		530,919
Real estate - mortgage:
Owner-occupied commercial		-		-		-		-		1,838		1,723,384		1,725,222
1-4 family mortgage		211		320		-		531		614		670,696		671,841
Other mortgage		-		-		4,827		4,827		-		2,051,722		2,056,549
Total real estate - mortgage		211		320		4,827		5,358		2,452		4,445,802		4,453,612
Consumer		36		6		8		50		-		57,784		57,834
Total	$	968	$	3,428	$	4,898	$	9,294	$	21,675	$	8,477,585	$	8,508,554

December 31, 2019	Past Due Status (Accruing Loans)
							Total Past
	30-59 Days		60-89 Days		90+ Days		Due		Non-Accrual		Current		Total Loans

	(In Thousands)
Commercial, financial and agricultural	$	3,135	$	344	$	201	$	3,680	$	14,729	$	2,677,801	$	2,696,210
Real estate - construction		830		-		-		830		1,589		518,973		521,392
Real estate - mortgage:
Owner-occupied commercial		917		7,242		-		8,159		10,826		1,568,493		1,587,478
1-4 family mortgage		1,638		567		873		3,078		1,440		639,670		644,188
Other mortgage		-		-		4,924		4,924		1,507		1,740,963		1,747,394
Total real estate - mortgage		2,555		7,809		5,797		16,161		13,773		3,949,126		3,979,060
Consumer		35		25		23		83		-		64,706		64,789
Total	$	6,555	$	8,178	$	6,021	$	20,754	$	30,091	$	7,210,606	$	7,261,451

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

	Commercial,
	financial and			Real estate -			Real estate -
	agricultural			construction			mortgage			Consumer			Total

	(In Thousands)
	Three Months Ended September 30, 2020
Allowance for loan losses:
Balance at June 30, 2020	$	47,986		$	4,531		$	38,399		$	591		$	91,507
Charge-offs		(11,146	)		-			(200	)		(44	)		(11,390	)
Recoveries		12			-			12			15			39
Provision		12,421			(441	)		304			-			12,284
Balance at September 30, 2020	$	49,273		$	4,090		$	38,515		$	562		$	92,440

	Three Months Ended September 30, 2019
Allowance for loan losses:
Balance at June, 2019	$	38,709		$	3,419		$	28,783		$	475		$	71,386
Charge-offs		(3,626	)		-			(4,974	)		(172	)		(8,772	)
Recoveries		126			1			-			60			187
Allocation from LGP		4,905			115			2,386			-			7,406
Provision		5,108			(343	)		2,069			151			6,985
Balance at September 30, 2019	$	45,222		$	3,192		$	28,264		$	514		$	77,192

	Nine Months Ended September 30, 2020
Balance at December 31, 2019
Allowance for loan losses:	$	43,666		$	2,768		$	29,653		$	497		$	76,584
Charge-offs		(15,144	)		(830	)		(4,397	)		(165	)		(20,536	)
Recoveries		158			2			26			55			241
Provision		20,593			2,150			13,233			175			36,151
Balance at September 30, 2020	$	49,273		$	4,090		$	38,515		$	562		$	92,440

	Nine Months Ended September 30, 2019
Allowance for loan losses:
Balance at December 31, 2018	$	39,016		$	3,522		$	25,508		$	554		$	68,600
Charge-offs		(10,273	)		-			(5,193	)		(453	)		(15,919	)
Recoveries		255			2			11			83			351
Allocation from LGP		4,905			115			2,386			-			7,406
Provision		11,319			(447	)		5,552			330			16,754
Balance at September 30, 2019	$	45,222		$	3,192		$	28,264		$	514		$	77,192

	As of September 30, 2020
Allowance for loan losses:
Individually Evaluated for Impairment	$	9,204		$	201		$	195		$	-		$	9,600
Collectively Evaluated for Impairment		40,069			3,889			38,320			562			82,840

Loans:
Ending Balance	$	3,466,189		$	530,919		$	4,453,612		$	57,834		$	8,508,554
Individually Evaluated for Impairment		73,800			587			19,376			-			93,763
Collectively Evaluated for Impairment		3,392,389			530,332			4,434,236			57,834			8,414,791

	As of December 31, 2019
Allowance for loan losses:
Individually Evaluated for Impairment	$	6,085		$	86		$	3,633		$	-		$	9,804
Collectively Evaluated for Impairment		37,581			2,682			26,020			497			66,780

Loans:
Ending Balance	$	2,696,210		$	521,392		$	3,979,060		$	64,789		$	7,261,451
Individually Evaluated for Impairment		20,843			4,320			17,985			-			43,148
Collectively Evaluated for Impairment		2,675,367			517,072			3,961,075			64,789			7,218,303

Impaired Financing Receivables [Table Text Block]

							For the three months				For the nine months
							ended September 30,				ended September 30,
	September 30, 2020						2020				2020
									Interest				Interest
			Unpaid				Average		Income		Average		Income
	Recorded		Principal		Related		Recorded		Recognized		Recorded		Recognized
	Investment		Balance		Allowance		Investment		in Period		Investment		in Period

	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	50,898	$	60,687	$	-	$	61,374	$	442	$	61,967	$	1,605
Real estate - construction		-		-		-		-		-		-		-
Real estate - mortgage:
Owner-occupied commercial		1,581		1,581		-		1,582		12		1,600		52
1-4 family mortgage		2,899		2,899		-		2,882		26		2,814		78
Other mortgage		12,200		12,200		-		12,068		122		12,211		396
Total real estate - mortgage		16,680		16,680		-		16,532		160		16,625		526
Consumer		-		-		-		-		-		-		-
Total with no allowance recorded		67,578		77,367		-		77,906		602		78,592		2,131

With an allowance recorded:
Commercial, financial and agricultural		22,902		23,169		9,204		21,648		102		22,237		535
Real estate - construction		587		637		201		954		-		1,012		-
Real estate - mortgage:
Owner-occupied commercial		1,252		1,392		146		4,563		3		3,915		97
1-4 family mortgage		412		412		49		398		12		406		12
Other mortgage		1,032		1,032		-		1,022		11		1,077		35
Total real estate - mortgage		2,696		2,836		195		5,983		26		5,398		144
Consumer		-		-		-		-		-		-		-
Total with allowance recorded		26,185		26,642		9,600		28,585		128		28,647		679

Total Impaired Loans:
Commercial, financial and agricultural		73,800		83,856		9,204		83,022		544		84,204		2,140
Real estate - construction		587		637		201		954		-		1,012		-
Real estate - mortgage:
Owner-occupied commercial		2,833		2,973		146		6,145		15		5,515		149
1-4 family mortgage		3,311		3,311		49		3,280		38		3,220		90
Other mortgage		13,232		13,232		-		13,090		133		13,288		431
Total real estate - mortgage		19,376		19,516		195		22,515		186		22,023		670
Consumer		-		-		-		-		-		-		-
Total impaired loans	$	93,763	$	104,009	$	9,600	$	106,491	$	730	$	107,239	$	2,810

December 31, 2019
							For the twelve months
							ended December 31, 2019
			Unpaid				Average		Interest Income
	Recorded		Principal		Related		Recorded		Recognized in
	Investment		Balance		Allowance		Investment		Period

	(In Thousands)
With no allowance recorded:
Commercial, financial and agricultural	$	9,015	$	10,563	$	-	$	11,284	$	562
Real estate - construction		2,731		2,735		-		2,063		126
Real estate - mortgage:
Owner-occupied commercial		7,150		7,246		-		7,548		618
1-4 family mortgage		287		287		-		289		2
Other mortgage		-		-		-		-		-
Total real estate - mortgage		7,437		7,533		-		7,837		620
Consumer		-		-		-		-		-
Total with no allowance recorded		19,183		20,831		-		21,184		1,308

With an allowance recorded:
Commercial, financial and agricultural		11,828		19,307		6,085		19,714		395
Real estate - construction		1,589		1,589		86		1,614		27
Real estate - mortgage:
Owner-occupied commercial		7,888		11,028		2,456		13,627		301
1-4 family mortgage		1,153		1,153		176		1,157		1
Other mortgage		1,507		1,507		1,001		1,468		21
Total real estate - mortgage		10,548		13,688		3,633		16,252		323
Consumer		-		-		-		-		-
Total with allowance recorded		23,965		34,584		9,804		37,580		745

Total Impaired Loans:
Commercial, financial and agricultural		20,843		29,870		6,085		30,998		957
Real estate - construction		4,320		4,324		86		3,677		153
Real estate - mortgage:
Owner-occupied commercial		15,038		18,274		2,456		21,175		919
1-4 family mortgage		1,440		1,440		176		1,446		3
Other mortgage		1,507		1,507		1,001		1,468		21
Total real estate - mortgage		17,985		21,221		3,633		24,089		943
Consumer		-		-		-		-		-
Total impaired loans	$	43,148	$	55,415	$	9,804	$	58,764	$	2,053

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	Three Months Ended September 30, 2020					Nine Months Ended September 30, 2020
		Pre-		Post-			Pre-		Post-
		Modification		Modification			Modification		Modification
		Outstanding		Outstanding			Outstanding		Outstanding
	Number of	Recorded		Recorded		Number of	Recorded		Recorded
	Contracts	Investment		Investment		Contracts	Investment		Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural	1	$	214	$	214	2	$	564	$	564
Real estate - construction	1		357		357	1		357		357
Real estate - mortgage:
Owner-occupied commercial	1		611		611	1		611		611
1-4 family mortgage	-		-		-	-		-		-
Other mortgage	-		-		-	-		-		-
Total real estate mortgage	1		611		611	1		611		611
Consumer	-		-		-	-		-		-
	3	$	1,182	$	1,182	4	$	1,532	$	1,532

	Three Months Ended September 30, 2019					Nine Months Ended September 30, 2019
		Pre-		Post-			Pre-		Post-
		Modification		Modification			Modification		Modification
		Outstanding		Outstanding			Outstanding		Outstanding
	Number of	Recorded		Recorded		Number of	Recorded		Recorded
	Contracts	Investment		Investment		Contracts	Investment		Investment
	(In Thousands)
Troubled Debt Restructurings
Commercial, financial and agricultural	-	$	-	$	-	1	$	2,742	$	2,742
Real estate - construction	-		-		-	-		-		-
Real estate - mortgage:
Owner-occupied commercial	-		-		-	-		-		-
1-4 family mortgage	-		-		-	-		-		-
Other mortgage	-		-		-	-		-		-
Total real estate mortgage	-		-		-	-		-		-
Consumer	-		-		-	-		-		-
	-	$	-	$	-	1	$	2,742	$	2,742