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)

6 Months Ended

Jun. 30, 2022

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

	June 30,			December 31,
	2022			2021
	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,966,040		$	2,984,053
Real estate - construction		1,383,155			1,103,076
Real estate - mortgage:
Owner-occupied commercial		2,026,807			1,874,103
1-4 family mortgage		1,015,698			826,765
Other mortgage		3,160,510			2,678,084
Subtotal: Real estate - mortgage		6,203,015			5,378,952
Consumer		65,110			66,853
Total Loans		10,617,320			9,532,934
Less: Allowance for credit losses		(128,387	)		(116,660	)
Net Loans	$	10,488,933		$	9,416,274


Commercial, financial and agricultural		27.94	%		31.30	%
Real estate - construction		13.03	%		11.57	%
Real estate - mortgage:
Owner-occupied commercial		19.09	%		19.66	%
1-4 family mortgage		9.57	%		8.67	%
Other mortgage		29.77	%		28.10	%
Subtotal: Real estate - mortgage		58.42	%		56.42	%
Consumer		0.61	%		0.70	%
Total Loans		100.00	%		100.00	%

Financing Receivable Credit Quality Indicators [Table Text Block]

													Revolving
June 30, 2022	2022		2021		2020		2019		2018		Prior		Loans		Total
	(In thousands)
Commercial, financial and agricultural
Pass	$	295,183	$	671,693	$	257,345	$	227,787	$	164,947	$	514,106	$	748,747	$	2,880,087
Special Mention		100		6,717		1,276		2,277		3,444		4,950		21,344		40,108
Substandard		1		-		408		11,071		343		3,610		30,691		45,845
Doubtful		-		-		-		-		-		-		-		-
Total Commercial, financial and agricultural	$	295,284	$	678,410	$	259,029	$	241,135	$	168,734	$	522,666	$	800,782	$	2,966,040
Real estate - construction
Pass	$	237,946	$	600,567	$	226,083	$	17,895	$	8,644	$	29,479	$	257,920	$	1,378,534
Special Mention		2,500		-		-		-		-		894		-		3,394
Substandard		-		-		-		-		1,227		-		-		1,227
Doubtful		-		-		-		-		-		-		-		-
Total Real estate - construction	$	240,446	$	600,567	$	226,083	$	17,895	$	9,871	$	30,373	$	257,920	$	1,383,155
Owner-occupied commercial
Pass	$	174,174	$	426,742	$	257,264	$	159,595	$	148,669	$	386,045	$	455,962	$	2,010,500
Special Mention		291		1,625		-		2,382		633		5,500		1,777		12,208
Substandard		-		-		-		-		-		1,866		4,283		4,099
Doubtful		-		-		-		-		-		-		-		-
Total Owner-occupied commercial	$	174,465	$	428,367	$	257,264	$	161,977	$	149,302	$	393,411	$	462,022	$	2,026,807
1-4 family mortgage
Pass	$	210,144	$	246,092	$	76,469	$	40,022	$	24,584	$	76,334	$	333,600	$	1,007,245
Special Mention		101		1,503		839		161		-		585		2,695		5,884
Substandard		-		-		-		233		-		342		1,994		2,569
Doubtful		-		-		-		-		-		-		-		-
Total 1-4 family mortgage	$	210,245	$	247,595	$	77,308	$	40,416	$	24,584	$	77,261	$	338,289	$	1,015,698
Other mortgage
Pass	$	423,306	$	798,502	$	449,472	$	370,182	$	123,724	$	398,486	$	573,799	$	3,137,471
Special Mention		-		-		-		130		376		2,681		7,151		10,338
Substandard		-		-		-		-		4,449		928		7,324		12,701
Doubtful		-		-		-		-		-		-		-		-
Total Other mortgage	$	423,306	$	798,502	$	449,472	$	370,312	$	128,549	$	402,095	$	588,274	$	3,160,510
Consumer
Pass	$	5,857	$	7,083	$	2,982	$	1,862	$	402	$	22,535	$	24,370	$	65,091
Special Mention		-		-		-		-		-		19		-		19
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total Consumer	$	5,857	$	7,083	$	2,982	$	1,862	$	402	$	22,554	$	24,370	$	65,110
Total Loans
Pass	$	1,346,610	$	2,750,679	$	1,269,615	$	817,343	$	470,970	$	1,426,985	$	2,393,868	$	10,478,928
Special Mention		2,992		9,845		2,115		4,950		4,453		14,629		32,967		71,951
Substandard		1		-		408		11,303		6,019		6,746		44,940		66,441
Doubtful		-		-		-		-		-		-		-		-
Total Loans	$	1,349,603	$	2,760,524	$	1,272,138	$	833,596	$	481,442	$	1,448,360	$	2,471,657	$	10,617,320

													Revolving
December 31, 2021	2021		2020		2019		2018		2017		Prior		Loans		Total
	(In thousands)
Commercial, financial and agricultural
Pass	$	800,822	$	294,841	$	209,086	$	130,579	$	114,870	$	127,572	$	1,216,153	$	2,893,923
Special Mention		1,245		1,323		942		846		915		784		19,801		25,856
Substandard		-		387		10,039		1,741		1,501		7,966		42,640		64,274
Doubtful		-		-		-		-		-		-		-		-
Total Commercial, financial and agricultural	$	802,067	$	296,551	$	220,067	$	133,166	$	117,286	$	136,322	$	1,278,594	$	2,984,053
Real estate - construction
Pass	$	597,497	$	260,723	$	110,671	$	16,452	$	13,704	$	17,356	$	76,662	$	1,093,065
Special Mention		-		-		6,594		2,500		-		917		-		10,011
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total Real estate - construction	$	597,497	$	260,723	$	117,265	$	18,952	$	13,704	$	18,273	$	76,662	$	1,103,076
Owner-occupied commercial
Pass	$	406,473	$	352,642	$	231,197	$	182,812	$	162,648	$	430,638	$	96,860	$	1,863,270
Special Mention		101		-		2,417		779		476		2,688		-		6,461
Substandard		-		-		-		-		-		4,372		-		4,372
Doubtful		-		-		-		-		-		-		-		-
Total Owner-occupied commercial	$	406,574	$	352,642	$	233,614	$	183,591	$	163,124	$	437,698	$	96,860	$	1,874,103
1-4 family mortgage
Pass	$	299,686	$	117,579	$	68,044	$	46,954	$	37,374	$	37,970	$	210,338	$	817,945
Special Mention		-		1,000		517		116		260		912		3,033		5,838
Substandard		-		150		593		241		231		611		1,156		2,982
Doubtful		-		-		-		-		-		-		-		-
Total 1-4 family mortgage	$	299,686	$	118,729	$	69,154	$	47,311	$	37,865	$	39,493	$	214,527	$	826,765
Other mortgage
Pass	$	882,849	$	481,012	$	411,426	$	174,700	$	272,555	$	353,621	$	81,202	$	2,657,365
Special Mention		-		-		130		376		2,720		4,656		-		7,882
Substandard		-		-		-		4,497		8,340		-		-		12,837
Doubtful		-		-		-		-		-		-		-		-
Total Other mortgage	$	882,849	$	481,012	$	411,556	$	179,573	$	283,615	$	358,277	$	81,202	$	2,678,084
Consumer
Pass	$	16,303	$	4,845	$	2,896	$	983	$	903	$	3,649	$	37,250	$	66,829
Special Mention		-		-		-		-		-		24		-		24
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total Consumer	$	16,303	$	4,845	$	2,896	$	983	$	903	$	3,673	$	37,250	$	66,853
Total Loans
Pass	$	3,003,630	$	1,511,642	$	1,033,320	$	552,480	$	602,054	$	970,806	$	1,718,465	$	9,392,397
Special Mention		1,346		2,323		10,600		4,617		4,371		9,981		22,834		56,072
Substandard		-		537		10,632		6,479		10,072		12,949		43,796		84,465
Doubtful		-		-		-		-		-		-		-		-
Total Loans	$	3,004,976	$	1,514,502	$	1,054,552	$	563,576	$	616,497	$	993,736	$	1,785,095	$	9,532,934

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

June 30, 2022	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,960,589	$	5,451	$	2,966,040
Real estate - construction		1,383,155		-		1,383,155
Real estate - mortgage:
Owner-occupied commercial		2,023,628		3,179		2,026,807
1-4 family mortgage		1,014,336		1,362		1,015,698
Other mortgage		3,154,993		5,517		3,160,510
Total real estate mortgage		6,192,957		10,058		6,203,015
Consumer		65,088		22		65,110
Total	$	10,601,789	$	15,531	$	10,617,320

December 31, 2021	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,979,671	$	4,382	$	2,984,053
Real estate - construction		1,103,076		-		1,103,076
Real estate - mortgage:
Owner-occupied commercial		1,873,082		1,021		1,874,103
1-4 family mortgage		824,756		2,009		826,765
Other mortgage		2,673,428		4,656		2,678,084
Total real estate mortgage		5,371,266		7,686		5,378,952
Consumer		66,824		29		66,853
Total	$	9,520,837	$	12,097	$	9,532,934

Financing Receivable, Past Due [Table Text Block]

June 30, 2022	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	$	2,810	$	885	$	249	$	3,944	$	5,202	$	2,956,894	$	2,966,040	$	2,595
Real estate - construction		-		-		-		-		-		1,383,155		1,383,155		-
Real estate - mortgage:
Owner-occupied commercial		-		-		-		-		3,179		2,023,628		2,026,807		5,515
1-4 family mortgage		402		1,332		134		1,868		1,228		1,012,602		1,015,698		102
Other mortgage		376		-		4,586		4,962		931		3,154,617		3,160,510		-
Total real estate - mortgage		778		1,332		4,720		6,830		5,338		6,190,847		6,203,015		5,617
Consumer		53		27		22		102		-		65,008		65,110		-
Total	$	3,641	$	2,244	$	4,991	$	10,876	$	10,540	$	10,595,904	$	10,617,320	$	8,212

December 31, 2021	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	$	516	$	77	$	39	$	632	$	4,343	$	2,979,078	$	2,984,053	$	2,059
Real estate - construction		-		-		-		-		-		1,103,076		1,103,076		-
Real estate - mortgage:
Owner-occupied commercial		143		-		-		143		1,021		1,872,939		1,874,103		1,021
1-4 family mortgage		-		703		611		1,314		1,398		824,053		826,765		483
Other mortgage		-		-		4,656		4,656		-		2,673,428		2,678,084		-
Total real estate - mortgage		143		703		5,267		6,113		2,419		5,370,420		5,378,952		1,504
Consumer		93		23		29		145		-		66,708		66,853		-
Total	$	752	$	803	$	5,335	$	6,890	$	6,762	$	9,519,282	$	9,532,934	$	3,563

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 June 30, 2022
Allowance for credit losses:
Balance at March 1, 2022	$	41,417		$	27,821	$	48,548		$	1,677		$	119,463
Charge-offs		(1,666	)		-		(23	)		(124	)		(1,813	)
Recoveries		1,217			-		-			13			1,230
Provision		642			8,172		268			426			9,507
Balance at June 30, 2022	$	41,610		$	35,993	$	48,793		$	1,992		$	128,387

	Three Months Ended March June 30, 2021
Allowance for credit losses:
Balance at March 1, 2021	$	38,232		$	19,391	$	35,607		$	1,676		$	94,906
Charge-offs		(150	)		-		(59	)		(54	)		(263	)
Recoveries		298			2		62			13			375
Provision		4,053			3,020		2,920			(341	)		9,652
Balance at June 30, 2021	$	42,433		$	22,413	$	38,530		$	1,294		$	104,670

	Six Months Ended June 30, 2022
Allowance for credit losses:
Balance at January 1, 2022	$	41,869		$	26,994	$	45,829		$	1,968		$	116,660
Charge-offs		(4,240	)		-		(51	)		(199	)		(4,489	)
Recoveries		1,322			-		-			25			1,347
Provision		2,659			8,999		3,014			198			14,869
Balance at June 30, 2022	$	41,610		$	35,993	$	48,793		$	1,992		$	128,387

	Six Months Ended June 30, 2021
Allowance for credit losses:
Balance at January 1, 2021	$	36,370		$	16,057	$	33,722		$	1,793		$	87,942
Charge-offs		(627	)		-		(71	)		(141	)		(839	)
Recoveries		324			52		64			24			464
Provision		6,366			6,304		4,815			(382	)		17,103
Balance at June 30, 2021	$	42,433		$	22,413	$	38,530		$	1,294		$	104,670

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

			Accounts								ACL
June 30, 2022	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	12,330	$	5,174	$	3,246	$	25,094	$	45,844	$	8,264
Real estate - construction		-		-		-		1,227		1,227		96
Real estate - mortgage:
Owner-occupied commercial		4,100		-		-		-		4,100		1,837
1-4 family mortgage		3,226		-		-		-		3,226		231
Other mortgage		12,704		-		-		-		12,704		-
Total real estate - mortgage		20,030		-		-		-		20,030		2,068
Consumer		-		-		-		-		-		-
Total	$	32,360	$	5,174	$	3,246	$	26,321	$	67,101	$	10,428

			Accounts								ACL
December 31, 2021	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	13,067	$	5,075	$	18,533	$	27,599	$	64,274	$	9,727
Real estate - construction		-		-		-		-		-		-
Real estate - mortgage:
Owner-occupied commercial		4,372		-		-		-		4,372		1,371
1-4 family mortgage		2,982		-		-		-		2,982		163
Other mortgage		12,837		-		-		-		12,837		31
Total real estate - mortgage		20,191		-		-		-		20,191		1,565
Consumer		-		-		-		-		-		-
Total	$	33,258	$	5,075	$	18,533	$	27,599	$	84,465	$	11,292

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	Three Months Ended June 30, 2022						Six Months Ended June 30, 2022
			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		2	$	1,155	$	1,155		2	$	1,155	$	1,155
Real estate - construction		-		-		-		-		-		-
Real estate - mortgage:
Owner-occupied commercial		1		991		991		1		991		991
1-4 family mortgage		-		-		-		-		-		-
Other mortgage		-		-		-		-		-		-
Total real estate mortgage		1		991		991		1		991		991
Consumer		-		-		-		-		-		-
		3	$	2,146	$	2,146		3	$	2,146	$	2,146