ServisFirst Bancshares, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 5 - Loans (Tables)

Note 5 - Loans (Tables)

9 Months Ended

Sep. 30, 2025

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

	September 30,			December 31,
	2025			2024

	(Dollars In Thousands)
Commercial, financial and agricultural	$	2,945,784		$	2,869,894
Real estate - construction		1,532,285			1,489,306
Real estate - mortgage:
Owner-occupied commercial		2,680,055			2,547,143
1-4 family mortgage		1,625,296			1,444,623
Non-owner occupied commercial		4,448,710			4,181,243
Subtotal: Real estate - mortgage		8,754,061			8,173,009
Consumer		79,837			73,627
Total Loans		13,311,967			12,605,836
Less: Allowance for credit losses on loans		(170,235	)		(164,458	)
Net Loans	$	13,141,732		$	12,441,378


Commercial, financial and agricultural		22.13	%		22.77	%
Real estate - construction		11.51	%		11.81	%
Real estate - mortgage:
Owner-occupied commercial		20.13	%		20.21	%
1-4 family mortgage		12.21	%		11.46	%
Non-owner occupied commercial		33.42	%		33.17	%
Subtotal: Real estate - mortgage		65.76	%		64.84	%
Consumer		0.60	%		0.58	%
Total Loans		100.00	%		100.00	%

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

September 30, 2025	2025		2024		2023		2022		2021			Prior		Revolving		Revolving lines of credit converted to term loans		Total
	(In Thousands)
Commercial, financial and agricultural
Pass	$	460,227	$	354,359	$	135,321	$	253,076	$	196,990		$	242,995	$	1,159,594	$	19,780	$	2,822,342
Special Mention		2,622		1,634		1,018		3,233		1,933			7,915		26,655		5,382		50,392
Substandard - Accruing		-		149		-		11,509		(25	)		25,240		1,732		1		38,606
Substandard - Non-accrual		-		-		669		686		227			8,182		23,784		896		34,444
Total Commercial, financial and agricultural	$	462,849	$	356,142	$	137,008	$	268,504	$	199,125		$	284,332	$	1,211,765	$	26,059	$	2,945,784
Current-period gross write-offs	$	-	$	-	$	669	$	5,275	$	1,741		$	1,152	$	8,049	$	323	$	17,209

Real estate - construction
Pass	$	298,345	$	509,183	$	200,789	$	281,687	$	62,377		$	34,712	$	100,746	$	-	$	1,487,839
Special Mention		-		5,254		-		733		-			479		151		-		6,617
Substandard - Accruing		-		-		-		-		-			945		1		-		946
Substandard - Non-accrual		-		-		3,423		17,029		16,431			-		-		-		36,883
Total Real estate - construction	$	298,345	$	514,437	$	204,212	$	299,449	$	78,808		$	36,136	$	100,898	$	-	$	1,532,285
Current-period gross write-offs	$	-		-		-		46		-		$	-	$	-	$	-	$	46

Owner-occupied commercial
Pass	$	340,877	$	369,855	$	165,333	$	450,995	$	435,827		$	765,404	$	80,414	$	4,229	$	2,612,934
Special Mention		126		4,967		7,924		396		6,427			24,174		7,088		-		51,102
Substandard - Accruing		-		-		-		835		-			2,211		-		-		3,046
Substandard - Non-accrual		-		-		417		4,016		6,552			1,708		280		-		12,973
Total Owner-occupied commercial	$	341,003	$	374,822	$	173,674	$	456,242	$	448,806		$	793,497	$	87,782	$	4,229	$	2,680,055
Current-period gross write-offs	$	-	$	3,478	$	-	$	-	$	-		$	560	$	-	$	-	$	4,038

1-4 family mortgage
Pass	$	271,271	$	249,162	$	109,876	$	281,621	$	172,213		$	121,588	$	399,381	$	4,378	$	1,609,490
Special Mention		-		161		164		4,216		1,133			1,505		1,804		-		8,983
Substandard - Accruing		-		-		-		-		-			402		78		92		572
Substandard - Non-accrual		1		1,101		731		886		1,128			1,191		1,213		-		6,251
Total 1-4 family mortgage	$	271,272	$	250,424	$	110,771	$	286,723	$	174,474		$	124,686	$	402,476	$	4,470	$	1,625,296
Current-period gross write-offs	$	-	$	-	$	-	$	20	$	-		$	-	$	266	$	-	$	286

Non-owner occupied commercial
Pass	$	387,633	$	573,610	$	217,235	$	1,371,835	$	754,922		$	930,182	$	71,774	$	8,951	$	4,316,142
Special Mention		-		3,815		260		1,969		44,767			-		-		-		50,811
Substandard - Accruing		-		-		-		3,213		880			2,642		-		-		6,735
Substandard - Non-accrual		-		-		-		16,119		56,189			2,714		-		-		75,022
Total Non-owner occupied commercial	$	387,633	$	577,425	$	217,495	$	1,393,136	$	856,758		$	935,538	$	71,774	$	8,951	$	4,448,710
Current-period gross write-offs	$	-		-		-		1,117		-		$	4	$	-	$	-	$	1,121

Consumer
Pass	$	33,307	$	3,832	$	1,866	$	1,687	$	871		$	2,441	$	34,677	$	-	$	78,681
Special Mention		-		-		-		15		26			-		-		-		41
Substandard - Accruing		-		-		-		-		-			26		-		-		26
Substandard - Non-accrual		-		-		-		-		-			955		134		-		1,089
Total Consumer	$	33,307	$	3,832	$	1,866	$	1,702	$	897		$	3,422	$	34,811	$	-	$	79,837
Current-period gross write-offs	$	-		-		-		-		-		$	242	$	-	$	-	$	242

Total Loans
Pass	$	1,791,660	$	2,060,001	$	830,420	$	2,640,901	$	1,623,200		$	2,097,322	$	1,846,586	$	37,338	$	12,927,428
Special Mention		2,748		15,831		9,366		10,562		54,286			34,073		35,698		5,382		167,946
Substandard - Accruing		-		149		-		15,557		855			31,466		1,811		93		49,931
Substandard - Non-accrual		1		1,101		5,240		38,736		80,527			14,750		25,411		896		166,662
Total Loans	$	1,794,409	$	2,077,082	$	845,026	$	2,705,756	$	1,758,868		$	2,177,611	$	1,909,506	$	43,709	$	13,311,967
Current-period gross write-offs	$	-	$	3,478	$	669	$	6,458	$	1,741		$	1,958	$	8,315	$	323	$	22,942

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	$	195,012	$	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	$	239,146	$	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	$	367,275	$	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	$	367,534	$	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]

September 30, 2025	Performing		Nonperforming		Total

	(In Thousands)
Commercial, financial and agricultural	$	2,911,262	$	34,522	$	2,945,784
Real estate - construction		1,495,401		36,884		1,532,285
Real estate - mortgage:
Owner-occupied commercial		2,667,082		12,973		2,680,055
1-4 family mortgage		1,618,226		7,070		1,625,296
Non-owner occupied commercial		4,373,688		75,022		4,448,710
Total real estate mortgage		8,658,996		95,065		8,754,061
Consumer		78,681		1,156		79,837
Total	$	13,144,340	$	167,627	$	13,311,967

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]

September 30, 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	$	3,753	$	146	$	80	$	3,979	$	34,442	$	2,907,363	$	2,945,784	$	22,561
Real estate - construction		-		-		-		-		36,884		1,495,401		1,532,285		36,884
Real estate - mortgage:
Owner-occupied commercial		3,289		303		-		3,592		12,973		2,663,490		2,680,055		12,972
1-4 family mortgage		388		5,619		818		6,825		6,252		1,612,219		1,625,296		5,874
Non-owner occupied commercial		7,179		4,769		-		11,948		75,022		4,361,740		4,448,710		74,561
Total real estate - mortgage		10,856		10,691		818		22,365		94,247		8,637,449		8,754,061		93,407
Consumer		85		69		67		221		1,089		78,527		79,837		-
Total	$	14,694	$	10,906	$	965	$	26,565	$	166,662	$	13,118,740	$	13,311,967	$	152,852

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

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

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

	(In Thousands)
	Three Months Ended September 30, 2025
Allowance for credit losses on Loans:
Balance at July 1, 2025	$	53,022		$	46,423			20,927			14,944			32,189		$	68,060		$	2,454		$	169,959
Charge-offs		(7,947	)		-			(688	)		(235	)		(371	)		(1,294	)		(109	)		(9,350	)
Recoveries		237			30			-			-			-			-			21			288
Provision for credit losses on loans		12,785			(4,373	)		(62	)		859			(580	)		217			709			9,338
Balance at September 30, 2025	$	58,097		$	42,080			20,177			15,568			31,238		$	66,983		$	3,075		$	170,235

	Three Months Ended September 30, 2024
Allowance for credit losses:
Balance at July 1, 2024	$	56,216		$	40,450			19,039			13,629			27,016		$	59,684		$	1,742		$	158,092
Charge-offs		(3,020	)		-			-			(252	)		-			(252	)		(155	)		(3,427	)
Recoveries		616			-			-			2			-			2			37			655
Provision		3,226			(3,092	)		964			1,331			3,027			5,322			(21	)		5,435
Balance at September 30, 2024	$	57,038		$	37,358			20,003			14,710			30,043		$	64,756		$	1,603		$	160,755

	Nine Months Ended September 30, 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		(17,209	)		(46	)		(4,038	)		(286	)		(1,121	)		(5,445	)		(242	)		(22,942	)
Recoveries		1,367			30			1			-			-			1			105			1,503
Provision for credit losses on loans		18,609			3,499			1,912			1,758			1,031			4,701			407			27,216
Balance at September 30, 2025	$	58,097		$	42,080			20,177			15,568			31,238		$	66,983		$	3,075		$	170,235

	Nine Months Ended September 30, 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		(8,217	)		-			(100	)		(338	)		-			(438	)		(361	)		(9,016	)
Recoveries		1,221			8			6			2			-			8			61			1,298
Provision		11,913			(7,308	)		2,395			3,017			4,648			10,060			491			15,156
Balance at September 30, 2024	$	57,038		$	37,358			20,003			14,710			30,043		$	64,756		$	1,603		$	160,755

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

			Accounts								ACL
September 30, 2025	Real Estate		Receivable		Equipment		Other		Total		Allocation
	(In Thousands)
Commercial, financial and agricultural	$	29,756	$	1,767	$	3,416	$	38,218	$	73,157	$	20,341
Real estate - construction		53,122		-		-		945		54,067		-
Real estate - mortgage:
Owner-occupied commercial		15,713		-		-		357		16,070		-
1-4 family mortgage		6,692		-		109		-		6,801		397
Non-owner occupied commercial		64,832		-		-		876		65,708		1,557
Total real estate - mortgage		87,237		-		109		1,233		88,579		1,954
Consumer		-		-		-		1,115		1,115		1,115
Total	$	170,115	$	1,767	$	3,525	$	41,511	$	216,918	$	23,410

			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]

	Three Months Ended September 30, 2025
			Payment Deferral
	Term		and Term						Percentage of
	Extensions		Extensions		New loan		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	151	$	8,236	$	495	$	8,882		0.07	%
Real estate - construction		-		5,945		-		5,945		0.04	%
Owner-occupied commercial		-		2,211		-		2,211		0.02	%
1-4 family mortgage		-		402		-		402		-	%
Non-owner occupied commercial		-		-		-		-		-	%
Total	$	151	$	16,794	$	495	$	17,440		0.13	%

	Nine Months Ended September 30, 2025
			Payment Deferral
	Term		and Term						Percentage of
	Extensions		Extensions		New loan		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	151	$	8,236	$	495	$	8,882		0.07	%
Real estate - construction		-		5,945		-		5,945		0.04	%
Owner-occupied commercial		-		13,325		-		13,325		0.10	%
1-4 family mortgage		-		402		-		402		-	%
Non-owner occupied commercial		-		-		-		-		-	%
Total	$	151	$	27,908	$	495	$	28,554		0.21	%

	Three months ended September 30, 2024
			Payment Deferral
	Term		and Term						Percentage of
	Extensions		Extensions		New loan		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	235	$	11,355	$	-	$	11,590		0.09	%
Real estate - construction		-		-		-		-		-	%
Owner-occupied commercial		-		-		-		-		-	%
1-4 family mortgage		115		-		-		115		-	%
Non-owner occupied commercial		-		-		-		-		-	%
Total	$	350	$	11,355	$	-	$	11,705		0.09	%

	Nine months ended September 30, 2024
			Payment Deferral
	Term		and Term						Percentage of
	Extensions		Extensions		New loan		Total		Total Loans
	(In Thousands)
Commercial, financial and agricultural	$	2,737	$	12,363	$	-	$	15,100		0.12	%
Real estate - construction		-		-		-		-		-	%
Owner-occupied commercial		-		1,155		-		1,155		0.01	%
1-4 family mortgage		115		172		101		388		-	%
Non-owner occupied commercial		-		-		-		-		-	%
Total	$	2,852	$	13,690	$	101	$	16,643		0.13	%

	Three Months Ended September 30, 2025
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3 to 5	$	466
Real estate - construction		4 to 5		339
Owner-occupied commercial		4		100
1-4 family mortgage		4		17
Non-owner occupied commercial		-		-

	Nine Months Ended September 30, 2025
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3 to 5	$	466
Real estate - construction		4 to 5		339
Owner-occupied commercial		4 to 8		232
1-4 family mortgage		4		17
Non-owner occupied commercial		-		-

	Three Months Ended September 30, 2024
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3 to 95	$	1,278
Real estate - construction		-		-
Owner-occupied commercial		4 to 5		-
1-4 family mortgage		6		-
Non-owner occupied commercial		-		-

	Nine Months Ended September 30, 2024
			Total Payment
	Term Extensions		Deferral
	(In months)		(In Thousands)
Commercial, financial and agricultural		3 to 95	$	1,403
Real estate - construction		12		-
Owner-occupied commercial		60 to 60		16
1-4 family mortgage		3 to 121		2
Non-owner occupied commercial		11		-