Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 3. 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 In light of the U.S. and global economic crisis brought about by the COVID- 19 500 2021, March 21, 2021, May 28, 2021, April 2020. December 31, 2021 December 31, 2020, December 31, 2021 2020, December 31, 2021 2020, The composition of loans at December 31, 2021 2020 December 31, 2021 2020 (In Thousands) Commercial, financial and agricultural $ 2,984,053 $ 3,295,900 Real estate - construction 1,103,076 593,614 Real estate - mortgage: Owner-occupied commercial 1,874,103 1,693,428 1-4 family mortgage 826,765 711,692 Other mortgage 2,678,084 2,106,184 Total real estate - mortgage 5,378,952 4,511,304 Consumer 66,853 64,870 Total Loans 9,532,934 8,465,688 Less: Allowance for credit losses (116,660 ) (87,942 ) Net Loans $ 9,416,274 $ 8,377,746 Changes in the ACL during the years ended December 31, 2021, 2020 2019 Years Ended December 31, 2021 2020 2019 (In Thousands) Balance, beginning of year $ 87,942 $ 76,584 $ 68,600 Impact of adopting ASC 326 - (2,000 ) - Loans charged off (4,114 ) (29,568 ) (22,489 ) Recoveries 1,315 492 429 Allocation from LGP (1) - - 7,406 Provision for credit losses 31,517 42,434 22,638 Balance, end of year $ 116,660 $ 87,942 $ 76,584 ( 1 In 2019, As described in Note 1, Summary of Significant Accounting Policies 2016 13 January 1, 2020, 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 December 31, 2021 2020, twelve six The Company uses a loss-rate method to estimate expected credit losses for its C&I 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 Changes in the allowance for credit losses, segregated by loan type, during the years ended December 31, 2021 2020, Commercial, financial and Real estate - Real estate - agricultural construction mortgage Consumer Total (In Thousands) Year Ended December 31, 2021 Allowance for credit losses: Balance at December 31, 2020 $ 36,370 $ 16,057 $ 33,722 $ 1,793 $ 87,942 Charge-offs (3,453 ) (14 ) (279 ) (368 ) (4,114 ) Recoveries 1,135 52 86 42 1,315 Provision 7,817 10,899 12,300 501 31,517 Balance at December 31, 2021 $ 41,869 $ 26,994 $ 45,829 $ 1,968 $ 116,660 Year Ended December 31, 2020 Allowance for loan losses: Balance at December 31, 2019 $ 43,666 $ 2,768 $ 29,653 $ 497 $ 76,584 Impact of adopting ASC 326 (8,211 ) 6,212 (966 ) 965 (2,000 ) Charge-offs (23,936 ) (1,032 ) (4,397 ) (203 ) (29,568 ) Recoveries 252 32 140 68 492 Provision 24,599 8,077 9,292 466 42,434 Balance at December 31, 2020 $ 36,370 $ 16,057 $ 33,722 $ 1,793 $ 87,942 We maintain an ACL for credit losses on unfunded commercial lending commitments and letters of credit to provide for the risk of loss inherent in these arrangements. The allowance 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 balance sheet within other liabilities, while the corresponding provision for these credit losses is recorded as a component of other expense. The allowance for credit losses on unfunded commitments was $1.3 million and $2.2 million at December 31, 2021 2020, December 31, 2021 December 31, 2020. January 1, 2020, 2020 not 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 tables below presents loan balances classified by credit quality indicator, loan type and based on year of origination as of December 31, 2021 2020: December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving 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 December 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Loans Total (In Thousands) Commercial, financial and agricultural Pass $ 1,260,341 $ 332,690 $ 229,838 $ 169,616 $ 89,893 $ 137,021 $ 988,093 $ 3,207,492 Special Mention 2,551 1,404 10 253 163 281 14,948 19,610 Substandard 569 10,639 617 5,447 963 2,038 48,525 68,798 Doubtful - - - - - - - - Total Commercial, financial and agricultural $ 1,263,461 $ 344,733 $ 230,465 $ 175,316 $ 91,019 $ 139,340 $ 1,051,566 $ 3,295,900 Real estate - construction Pass $ 230,931 $ 222,357 $ 53,981 $ 16,361 $ 7,677 $ 13,816 $ 48,256 $ 593,379 Special Mention - - - - - - - - Substandard - - - - - 235 - 235 Doubtful - - - - - - - - Total Real estate - construction $ 230,931 $ 222,357 $ 53,981 $ 16,361 $ 7,677 $ 14,051 $ 48,256 $ 593,614 Owner-occupied commercial Pass $ 351,808 $ 271,645 $ 221,513 $ 198,935 $ 158,531 $ 417,743 $ 61,119 $ 1,681,294 Special Mention - - - 6,524 543 1,873 200 9,140 Substandard - - 12 780 - 1,962 240 2,994 Doubtful - - - - - - - - Total Owner-occupied commercial $ 351,808 $ 271,645 $ 221,525 $ 206,239 $ 159,074 $ 421,578 $ 61,559 $ 1,693,428 1-4 family mortgage Pass $ 179,314 $ 111,016 $ 70,381 $ 60,774 $ 27,985 $ 44,111 $ 212,616 $ 706,197 Special Mention 508 - - 105 481 - 1,112 2,206 Substandard 350 126 - 235 218 - 2,360 3,289 Doubtful - - - - - - - - Total 1-4 family mortgage $ 180,172 $ 111,142 $ 70,381 $ 61,114 $ 28,684 $ 44,111 $ 216,088 $ 711,692 Other mortgage Pass $ 470,086 $ 470,092 $ 250,945 $ 368,283 $ 180,244 $ 272,722 $ 68,721 $ 2,081,093 Special Mention - - - 2,793 541 8,566 - 11,900 Substandard - 50 4,589 8,552 - - - 13,191 Doubtful - - - - - - - - Total Other mortgage $ 470,086 $ 470,142 $ 255,534 $ 379,628 $ 180,785 $ 281,288 $ 68,721 $ 2,106,184 Consumer Pass $ 20,410 $ 4,421 $ 1,551 $ 1,671 $ 1,031 $ 3,615 $ 32,125 $ 64,824 Special Mention - - 15 - 31 - - 46 Substandard - - - - - - - - Doubtful - - - - - - - - Total Consumer $ 20,410 $ 4,421 $ 1,566 $ 1,671 $ 1,062 $ 3,615 $ 32,125 $ 64,870 Total Loans Pass $ 2,512,890 $ 1,412,221 $ 828,209 $ 815,640 $ 465,361 $ 889,028 $ 1,410,930 $ 8,334,279 Special Mention 3,059 1,404 25 9,675 1,759 10,720 16,260 42,902 Substandard 919 10,815 5,218 15,014 1,181 4,235 51,125 88,507 Doubtful - - - - - - - - Total Loans $ 2,516,868 $ 1,424,440 $ 833,452 $ 840,329 $ 468,301 $ 903,983 $ 1,478,315 $ 8,465,688 Nonperforming loans include nonaccrual loans and loans 90 December 31, 2021 2020 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 December 31, 2020 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 3,284,180 $ 11,720 $ 3,295,900 Real estate - construction 593,380 234 593,614 Real estate - mortgage: Owner-occupied commercial 1,692,169 1,259 1,693,428 1-4 family mortgage 710,817 875 711,692 Other mortgage 2,101,379 4,805 2,106,184 Total real estate - mortgage 4,504,365 6,939 4,511,304 Consumer 64,809 61 64,870 Total $ 8,446,734 $ 18,954 $ 8,465,688 Loans by past due status as of December 31, 2021 2020 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 December 31, 2020 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 $ 92 $ 1,738 $ 11 $ 1,841 $ 11,709 $ 3,282,350 $ 3,295,900 $ 5,101 Real estate - construction - - - - 234 593,380 593,614 - Real estate - mortgage: Owner-occupied commercial - 995 - 995 1,259 1,691,174 1,693,428 467 1-4 family mortgage 61 1,073 104 1,238 771 709,683 711,692 512 Other mortgage 18 - 4,805 4,823 - 2,101,361 2,106,184 - Total real estate - mortgage 79 2,068 4,909 7,056 2,030 4,502,218 4,511,304 979 Consumer 64 13 61 138 - 64,732 64,870 - Total $ 235 $ 3,819 $ 4,981 $ 9,035 $ 13,973 $ 8,442,680 $ 8,465,688 $ 6,080 There was no December 31, 2021 2020. Loans that no 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 - 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 Total $ 33,258 $ 5,075 $ 18,533 $ 27,599 $ 84,465 $ 11,292 Accounts ACL December 31, 2020 Real Estate Receivable Equipment Other Total Allocation (In Thousands) Commercial, financial and agricultural $ 19,373 $ 27,952 $ 16,877 $ 4,594 $ 68,796 $ 7,142 Real estate - construction 235 - - - 235 1 Real estate - mortgage: Owner-occupied commercial 2,012 971 - 12 2,995 499 1-4 family mortgage 3,264 - - 24 3,288 48 Other mortgage 13,191 - - - 13,191 - Total real estate - mortgage 18,467 971 - 36 19,474 547 Total $ 38,075 $ 28,923 $ 16,877 $ 4,630 $ 88,505 $ 7,690 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 December 31, 2021, 19 19 December 31, 2021. TDRs at December 31, 2021 2020 Year Ended December 31, 2021 Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment (In Thousands) Troubled Debt Restructurings Commercial, financial and agricultural 2 $ 1,155 $ 1,155 Real estate - construction - - - Real estate - mortgage: Owner-occupied commercial 1 991 991 1-4 family mortgage - - - Other mortgage - - - Total real estate - mortgage 1 991 991 Consumer - - - 3 $ 2,146 $ 2,146 Year ended December 31, 2020 Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment (In Thousands) Troubled Debt Restructurings Commercial, financial and agricultural 2 $ 564 $ 564 Real estate - construction 1 357 357 Real estate - mortgage: Owner-occupied commercial 1 611 611 1-4 family mortgage - - - Other mortgage - - - Total real estate - mortgage 1 611 611 Consumer - - - 4 $ 1,532 $ 1,532 There were no loans which were modified in the previous twelve twelve December 31, 2021 December 31, 2020, 90 In the ordinary course of business, the Company has granted loans to certain related parties, including directors, and their affiliates. The interest rates on these loans were substantially the same as rates prevailing at the time of the transaction and repayment terms are customary for the type of loan. Changes in related party loans for the years ended December 31, 2021 2020 Years Ended December 31, 2021 2020 (In Thousands) Balance, beginning of year $ 36,969 $ 24,681 Additions 3,168 - Advances 90,553 41,183 Repayments (79,445 ) (28,895 ) Removal (65 ) - Balance, end of year $ 51,180 $ 36,969 |