Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5 LOANS The loan portfolio is classified based on the underlying collateral utilized to secure each loan for financial reporting purposes. This classification is consistent with the Quarterly Report of Condition and Income filed by ServisFirst Bank with the Federal Deposit Insurance Corporation (FDIC). Commercial, financial and agricultural - Real estate construction Owner-occupied commercial real estate mortgage 1 4 Other real estate mortgage Consumer not The following table details the Company’s loans at March 31, 2023 December 31, 2022: March 31, December 31, 2023 2022 (Dollars In Thousands) Commercial, financial and agricultural $ 3,081,926 $ 3,145,317 Real estate - construction 1,469,670 1,532,388 Real estate - mortgage: Owner-occupied commercial 2,243,436 2,199,280 1-4 family mortgage 1,138,645 1,146,831 Other mortgage 3,624,071 3,597,750 Subtotal: Real estate - mortgage 7,006,152 6,943,861 Consumer 72,054 66,402 Total Loans 11,629,802 11,687,968 Less: Allowance for credit losses (148,965 ) (146,297 ) Net Loans $ 11,480,837 $ 11,541,671 Commercial, financial and agricultural 26.50 % 26.91 % Real estate - construction 12.64 % 13.11 % Real estate - mortgage: Owner-occupied commercial 19.29 % 18.82 % 1-4 family mortgage 9.79 % 9.81 % Other mortgage 31.16 % 30.78 % Subtotal: Real estate - mortgage 60.24 % 59.41 % Consumer 0.62 % 0.57 % Total Loans 100.00 % 100.00 % The credit quality of the loan portfolio is summarized no ● Pass – loans which are well protected by the current net worth and paying capacity of the obligor (or obligors, if any) or by the fair value, less cost to acquire and sell, of any underlying collateral. ● Special Mention – loans with potential weakness that may, not not not ● Substandard – loans that exhibit well-defined weakness or weaknesses that presently jeopardize debt repayment. These loans are characterized by the distinct possibility that the institution will sustain some loss if the weaknesses are not ● Doubtful – loans that have all the weaknesses inherent in loans classified substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. The table below presents loan balances classified by credit quality indicator, loan type and based on year of origination as of March 31, 2023: 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving lines of credit converted to term loans Total (In Thousands) Commercial, financial and agricultural (1-55) Pass $ 160,551 $ 540,101 $ 471,521 $ 208,825 $ 136,657 $ 192,509 $ 1,252,905 $ 699 $ 2,963,768 (6) Special Mention - 8,870 5,850 1,953 1,877 4,151 40,868 18 63,588 (7) Substandard - accruing - 291 1,244 376 9,501 28,933 7,007 - 47,352 (7) Substandard -Non-accrual - 697 146 - - 3,345 3,030 - 7,219 Total Commercial, financial and agricultural $ 160,551 $ 549,959 $ 478,760 $ 211,154 $ 148,035 $ 228,938 $ 1,303,811 $ 717 $ 3,081,926 Current-period gross charge-offs - 616 - - - 428 212 - 1,257 Real estate - construction (1-55) Pass $ 37,212 $ 661,294 $ 556,953 $ 105,265 $ 4,761 $ 21,591 $ 77,837 $ - $ 1,464,913 (6) Special Mention - 2,500 - - - - - 201 2,701 (7) Substandard - accruing - - - - - 2,057 - - 2,057 Total Real estate - construction $ 37,212 $ 663,794 $ 556,953 $ 105,265 $ 4,761 $ 23,647 $ 77,837 $ 201 $ 1,469,670 Owner-occupied commercial (1-55) Pass $ 28,219 $ 441,407 $ 536,773 $ 353,489 $ 187,145 $ 600,679 $ 63,267 $ 874 $ 2,211,853 (6) Special Mention 1,496 2,349 856 - 7,909 6,391 1,601 - 20,601 (7) Substandard - accruing - - - - 2,358 5,237 - - 7,595 (7) Substandard -Non-accrual - - - - 48 3,340 - - 3,388 Total Owner-occupied commercial $ 29,715 $ 443,756 $ 537,629 $ 353,489 $ 197,461 $ 615,647 $ 64,867 $ 874 $ 2,243,436 Current-period gross charge-offs - - - - 26 - - - 26 1-4 family mortgage (1-55) Pass $ 40,954 $ 383,389 $ 253,519 $ 91,609 $ 51,728 $ 80,635 $ 222,966 $ - $ 1,124,800 (6) Special Mention - 414 365 808 261 1,576 7,469 - 10,893 (7) Substandard - accruing - - - - 139 516 253 - 908 (7) Substandard -Non-accrual - - 423 405 540 622 54 - 2,044 Total 1-4 family mortgage $ 40,954 $ 383,803 $ 254,307 $ 92,822 $ 52,668 $ 83,349 $ 230,742 $ - $ 1,138,645 Other mortgage (1-55) Pass $ 31,821 $ 1,075,262 $ 1,011,383 $ 515,230 $ 316,995 $ 581,406 $ 75,148 $ 246 $ 3,607,491 (6) Special Mention - - - - - 4,456 - - 4,456 (7) Substandard - accruing - 233 - - - 11,385 - - 11,618 (7) Substandard -Non-accrual - - - - 130 376 - - 506 Total Other mortgage $ 31,821 $ 1,075,495 $ 1,011,383 $ 515,230 $ 317,125 $ 597,623 $ 75,148 $ 246 $ 3,624,071 Consumer (1-55) Pass $ 23,355 $ 6,607 $ 5,542 $ 2,697 $ 1,644 $ 3,190 $ 29,007 $ - $ 72,042 (6) Special Mention - - - - - 12 - - 12 (7) Substandard - accruing - - - - - - - - - Total Consumer $ 23,355 $ 6,607 $ 5,542 $ 2,697 $ 1,644 $ 3,202 $ 29,007 $ - $ 72,054 Current-period gross charge-offs - - - - - - 391 - 391 Total Loans (1-55) Pass $ 322,112 $ 3,108,059 $ 2,835,691 $ 1,277,114 $ 698,931 $ 1,480,009 $ 1,721,129 $ 1,819 $ 11,444,866 (6) Special Mention 1,496 14,133 7,070 2,761 10,047 16,586 49,938 219 102,250 (7) Substandard - accruing - 524 1,244 376 11,998 48,128 7,260 - 69,530 (7) Substandard -Non-accrual - 697 570 405 718 7,683 3,084 - 13,157 Total Loans $ 323,608 $ 3,123,414 $ 2,844,575 $ 1,280,656 $ 721,694 $ 1,552,406 $ 1,781,412 $ 2,038 $ 11,629,802 Current-period gross charge-offs $ - $ 616 $ - $ - $ 26 $ 428 $ 603 $ - $ 1,673 Loans by credit quality indicator, loan type and based on year of origination as of December 31, 2022 Revolving 2022 2021 2020 2019 2018 Prior Loans Total (In Thousands) Commercial, financial and agricultural Pass $ 691,817 $ 502,648 $ 223,096 $ 144,587 $ 78,477 $ 134,893 $ 1,267,333 $ 3,042,851 Special Mention 6,906 3,737 1,101 1,748 570 898 29,516 44,476 Substandard 200 - 379 9,501 16,329 16,595 14,986 57,990 Total Commercial, financial and agricultural $ 698,923 $ 506,385 $ 224,576 $ 155,836 $ 95,376 $ 152,386 $ 1,311,835 $ 3,145,317 Real estate - construction Pass $ 618,578 $ 638,126 $ 156,834 $ 15,197 $ 12,063 $ 14,847 $ 72,172 $ 1,527,817 Special Mention 2,500 - - - - 873 - 3,373 Substandard - - - - 1,198 - - 1,198 Total Real estate - construction $ 621,078 $ 638,126 $ 156,834 $ 15,197 $ 13,261 $ 15,720 $ 72,172 $ 1,532,388 Owner-occupied commercial Pass $ 424,321 $ 496,298 $ 352,375 $ 199,987 $ 157,204 $ 477,926 $ 64,152 $ 2,172,263 Special Mention 2,362 - - 2,723 4,682 6,917 1,687 18,371 Substandard - - - 73 - 8,573 - 8,646 Total Owner-occupied commercial $ 426,683 $ 496,298 $ 352,375 $ 202,783 $ 161,886 $ 493,416 $ 65,839 $ 2,199,280 1-4 family mortgage Pass $ 388,778 $ 273,515 $ 93,272 $ 52,209 $ 28,999 $ 57,512 $ 243,302 $ 1,137,587 Special Mention 315 445 816 375 294 881 2,854 5,980 Substandard - 279 404 648 346 1,224 363 3,264 Total 1-4 family mortgage $ 389,093 $ 274,239 $ 94,492 $ 53,232 $ 29,639 $ 59,617 $ 246,519 $ 1,146,831 Other mortgage Pass $ 1,027,747 $ 976,208 $ 517,392 $ 380,104 $ 130,228 $ 470,699 $ 75,669 $ 3,578,047 Special Mention 231 - - - - 7,161 - 7,392 Substandard - - - 130 4,569 7,612 - 12,311 Total Other mortgage $ 1,027,978 $ 976,208 $ 517,392 $ 380,234 $ 134,797 $ 485,472 $ 75,669 $ 3,597,750 Consumer Pass $ 21,132 $ 5,845 $ 4,203 $ 1,759 $ 440 $ 2,988 $ 30,021 $ 66,388 Special Mention - - - - - 14 - 14 Substandard - - - - - - - - Total Consumer $ 21,132 $ 5,845 $ 4,203 $ 1,759 $ 440 $ 3,002 $ 30,021 $ 66,402 Total Loans Pass $ 3,172,373 $ 2,892,640 $ 1,347,172 $ 793,843 $ 407,411 $ 1,158,865 $ 1,752,649 $ 11,524,953 Special Mention 12,314 4,182 1,917 4,846 5,546 16,744 34,057 79,606 Substandard 200 279 783 10,352 22,442 34,004 15,349 83,409 Total Loans $ 3,184,887 $ 2,897,101 $ 1,349,872 $ 809,041 $ 435,399 $ 1,209,613 $ 1,802,055 $ 11,687,968 Loans by performance status as of March 31, 2023 December 31, 2022 March 31, 2023 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 3,074,568 $ 7,358 $ 3,081,926 Real estate - construction 1,469,670 - 1,469,670 Real estate - mortgage: Owner-occupied commercial 2,240,048 3,388 2,243,436 1-4 family mortgage 1,136,601 2,044 1,138,645 Other mortgage 3,619,109 4,962 3,624,071 Total real estate - mortgage 6,995,758 10,394 7,006,152 Consumer 71,973 81 72,054 Total $ 11,611,969 $ 17,833 $ 11,629,802 December 31, 2022 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 3,138,014 $ 7,303 $ 3,145,317 Real estate - construction 1,532,388 - 1,532,388 Real estate - mortgage: Owner-occupied commercial 2,195,968 3,312 2,199,280 1-4 family mortgage 1,144,713 2,118 1,146,831 Other mortgage 3,592,732 5,018 3,597,750 Total real estate - mortgage 6,933,413 10,448 6,943,861 Consumer 66,312 90 66,402 Total $ 11,670,127 $ 17,841 $ 11,687,968 Loans by past due status as of March 31, 2023 December 31, 2022 March 31, 2023 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 $ 1,023 $ 1,153 $ 139 $ 2,315 $ 7,219 $ 3,072,392 $ 3,081,926 $ 1,014 Real estate - construction - - - - - 1,469,670 1,469,670 - Real estate - mortgage: Owner-occupied commercial 3,030 370 - 3,400 3,388 2,236,648 2,243,436 3,222 1-4 family mortgage 5,998 558 - 6,556 2,044 1,130,045 1,138,645 177 Other mortgage - - 4,456 4,456 506 3,619,109 3,624,071 506 Total real estate - mortgage 9,028 928 4,456 14,412 5,938 6,985,802 7,006,152 3,905 Consumer 94 64 81 239 - 71,815 72,054 - Total $ 10,145 $ 2,145 $ 4,676 $ 16,966 $ 13,157 $ 11,599,679 $ 11,629,802 $ 4,919 December 31, 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 $ 1,075 $ 409 $ 195 $ 1,679 $ 7,108 $ 3,136,530 3,145,317 $ 3,238 Real estate - construction - 711 - 711 - 1,531,677 1,532,388 - Real estate - mortgage: Owner-occupied commercial 83 452 - 535 3,312 2,195,433 2,199,280 57 1-4 family mortgage 405 580 594 1,579 1,524 1,143,728 1,146,831 491 Other mortgage 231 - 4,512 4,743 506 3,592,501 3,597,750 - Total real estate - mortgage 719 1,032 5,106 6,857 5,342 6,931,662 6,943,861 548 Consumer 174 128 90 392 - 66,010 66,402 621 Total $ 1,968 $ 2,280 $ 5,391 $ 9,639 $ 12,450 $ 11,665,879 11,687,968 $ 4,407 Under the current expected credit losses (“CECL”) methodology, the ACL is measured on a collective basis for pools of loans with similar risk characteristics. For loans that do not not The Company uses the discounted cash flow (“DCF”) method to estimate ACL for all loan pools except for commercial revolving lines of credit and credit cards. For all loan pools utilizing the DCF method, the Company utilizes and forecasts national unemployment rate as a loss driver. The Company also utilizes and forecasts GDP growth as a second March 31, 2023 December 31, 2022, twelve six December 31, 2022 The Company uses a loss-rate method to estimate expected credit losses for its commercial revolving lines of credit and credit card pools. The commercial revolving lines of credit pool incorporates a probability of default (“PD”) and loss given default (“LGD”) modeling approach. This approach involves estimating the pool average life and then using historical correlations of default and loss experience over time to calculate the lifetime PD and LGD. These two Each loan pool is adjusted for qualitative factors not Inherent risks in the loan portfolio will differ based on type of loan. Specific risk characteristics by loan portfolio segment are listed below: Commercial and industrial loans may may Real estate construction loans Real estate mortgage loans may Consumer loans The following table presents changes in the ACL, segregated by loan type, for the three March 31, 2023 March 31, 2022. Commercial, financial and Real estate - Real estate - agricultural construction mortgage Consumer Total (In Thousands) Three Months Ended March 31, 2023 Allowance for credit losses: Balance at January 1, 2023 $ 42,830 $ 42,889 $ 58,652 $ 1,926 $ 146,297 Charge-offs (1,257 ) - (26 ) (390 ) (1,673 ) Recoveries 128 3 1 11 143 Provision 1,193 (2,409 ) 4,530 883 4,197 Balance at March 31, 2023 $ 42,895 $ 40,483 $ 63,157 $ 2,430 $ 148,965 Three Months Ended March 31, 2022 Allowance for credit losses: Balance at January 1, 2022 $ 41,869 $ 26,994 $ 45,829 $ 1,968 $ 116,660 Charge-offs (2,574 ) - (27 ) (75 ) (2,676 ) Recoveries 105 - 12 - 117 Provision 2,017 827 2,734 (216 ) 5,362 Balance at March 31, 2022 $ 41,417 $ 27,821 $ 48,548 $ 1,677 $ 119,463 We maintain an ACL on unfunded commercial lending commitments and letters of credit to provide for the risk of loss inherent in these arrangements. The ACL is computed using a methodology similar to that used to determine the ACL for loans, modified to take into account the probability of a drawdown on the commitment. The ACL on unfunded loan commitments is classified as a liability account on the Consolidated Balance Sheets within other liabilities, while the corresponding provision for these credit losses is recorded as a component of other expense. The ACL on unfunded commitments was $575,000 at March 31, 2023 December 31, 2022. three March 31, 2023 2022 zero Loans that no Accounts ACL March 31, 2023 Real Estate Receivable Equipment Other Total Allocation (In Thousands) Commercial, financial and agricultural $ 21,757 $ 7,468 $ 831 $ 24,524 $ 54,580 $ 10,558 Real estate - construction 872 - - 1,184 2,056 5 Real estate - mortgage: Owner-occupied commercial 10,935 - - 48 10,983 207 1-4 family mortgage 3,746 - - - 3,746 291 Other mortgage 11,258 - - - 11,258 76 Total real estate - mortgage 25,939 - - 48 25,987 574 Consumer - - - - - - Total $ 48,568 $ 7,468 $ 831 $ 25,756 $ 82,623 $ 11,137 Accounts ACL December 31, 2022 Real Estate Receivable Equipment Other Total Allocation (In Thousands) Commercial, financial and agricultural $ 20,061 $ 12,092 $ 837 $ 24,998 $ 57,988 $ 9,910 Real estate - construction - - - 1,198 1,198 7 Real estate - mortgage: Owner-occupied commercial 8,573 - - 74 8,647 154 1-4 family mortgage 3,260 - - - 3,260 316 Other mortgage 12,311 - - - 12,311 - Total real estate - mortgage 24,144 - - 74 24,218 470 Consumer - - - - - - Total $ 44,205 $ 12,092 $ 837 $ 26,270 $ 83,404 $ 10,387 On March 22, 2020, may 19. 4013 March 1, 2020 December 31, 2020 60 19 April 2020 4013 December 27, 2020, 2021, 4013 January 1, 2022 60 19 19 not 180 The Bank adopted Accounting Standards Update (“ASU”) 2022 02, 326 2022 02” January 1, 2023. 2022 02 The table below details the amortized cost basis at the end of the reporting period for loans made to borrowers experiencing financial difficulty that were modified during the three March 31, 2023: Payment Deferral Term and Term Percentage of Extensions Extensions Total Total Loans (In Thousands) Commercial, financial and agricultural $ 39,978 $ - $ 39,978 0.34 % Real estate - construction 200 - 200 - % Owner-occupied commercial 9,215 701 9,916 0.09 % 1-4 family mortgage 214 - 214 - % Other mortgage 11,254 359 11,613 0.10 % Total $ 60,861 $ 1,060 $ 61,921 0.53 % The following table summarizes the financial impacts of loan modifications made to borrowers experiencing financial difficulty during the three March 31, 2023: Term Total Payment Extensions Deferral (In months) (In Thousands) Commercial, financial and agricultural 3 to 12 $ - Real estate - construction 6 - Owner-occupied commercial 3 to 18 49 1-4 family mortgage 3 - Other mortgage 3 to 36 59 No January 1, 2023, 2022 02, 30 March 31, 2023. March 31, 2023, first 2023. As of March 31, 2023, not first 2023 90 TDRs at December 31, 2022 March 31, 2022 December 31, 2022 March 31, 2022 three March 31, 2022 |