Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

v3.23.3
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 112,150 $ 106,317 [1]
Interest-bearing balances due from depository institutions 1,861,924 708,221 [1]
Federal funds sold 91,035 1,515 [1]
Cash and cash equivalents 2,065,109 816,053 [1]
Available-for-sale debt securities, at fair value 834,802 644,815 [1]
Held-to-maturity debt securities (fair value of $933,006 and $935,953, respectively) 1,043,899 1,034,121 [1]
Restricted equity securities 10,226 7,734 [1]
Mortgage loans held for sale 6,333 1,607 [1]
Loans 11,641,130 11,687,968 [1]
Less allowance for credit losses (152,247) (146,297) [1]
Net Loans 11,488,883 11,541,671 [1]
Premises and equipment, net 59,516 59,850 [1]
Accrued interest and dividends receivable 56,500 48,422 [1]
Deferred tax asset, net 66,029 60,448 [1]
Other real estate owned and repossessed assets 690 248 [1]
Bank owned life insurance contracts 291,521 287,752 [1]
Goodwill 13,615 13,615
Other assets 107,209 79,417 [1]
Total assets 16,044,332 14,595,753 [1]
Liabilities:    
Non-interest-bearing demand 2,621,072 3,321,347
Interest-bearing 10,521,304 8,225,458 [1]
Total deposits 13,142,376 11,546,805 [1]
Federal funds purchased 1,370,289 1,618,798 [1]
Other borrowings 64,751 64,726 [1]
Accrued interest and dividends payable 24,683 18,615
Other liabilities 40,849 48,913 [1]
Total liabilities 14,642,948 13,297,857 [1]
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at September 30, 2023 and December 31, 2022 0 0 [1]
Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,425,447 shares issued and outstanding at September 30, 2023; and 54,326,527 shares issued and outstanding at December 31, 2022 54 54 [1]
Additional paid-in capital 231,588 229,693 [1]
Retained earnings 1,229,080 1,109,902 [1]
Accumulated other comprehensive loss (59,838) (42,253)
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 1,400,884 1,297,396 [1]
Noncontrolling interest 500 500 [1]
Total stockholders' equity 1,401,384 1,297,896 [1]
Total liabilities and stockholders' equity $ 16,044,332 $ 14,595,753 [1]
[1] derived from audited financial statements.