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 The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) provided for Paycheck Protection Program (“PPP”) loans to be made by banks to employers with less than 500 2021, March 21, 2021, May 28, 2021, April 2020. and$27.3 December 31, 2022 2021, December 31, 2022 2021, The composition of loans at December 31, 2022 2021 December 31, 2022 2021 (In Thousands) Commercial, financial and agricultural $ 3,145,317 $ 2,984,053 Real estate - construction 1,532,388 1,103,076 Real estate - mortgage: Owner-occupied commercial 2,199,280 1,874,103 1-4 family mortgage 1,146,831 826,765 Other mortgage 3,597,750 2,678,084 Total real estate - mortgage 6,943,861 5,378,952 Consumer 66,402 66,853 Total Loans 11,687,968 9,532,934 Less: Allowance for credit losses (146,297 ) (116,660 ) Net Loans $ 11,541,671 $ 9,416,274 Changes in the ACL during the years ended December 31, 2022, 2021 2020 Years Ended December 31, 2022 2021 2020 (In Thousands) Balance, beginning of year $ 116,660 $ 87,942 $ 76,584 Impact of adopting ASC 326 - - (2,000 ) Loans charged off (10,137 ) (4,114 ) (29,568 ) Recoveries 2,167 1,315 492 Provision for credit losses 37,607 31,517 42,434 Balance, end of year $ 146,297 $ 116,660 $ 87,942 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 and industrial ("C&I") 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, 2022 2021, twelve six December 31, 2022, December 31, 2021. The Company uses a loss-rate method to estimate expected credit losses for its C&I revolving lines of credit and and a remaining life methodology on credit card pools. The C&I 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, 2022 2021, Commercial, financial and Real estate - Real estate - agricultural construction mortgage Consumer Total (In Thousands) Twelve Months Ended December 31, 2022 Allowance for credit losses: Balance at December 31, 2021 $ 41,869 $ 26,994 $ 45,829 $ 1,968 $ 116,660 Charge-offs (9,256 ) - (221 ) (660 ) (10,137 ) Recoveries 2,012 - - 155 2,167 Provision 8,205 15,895 13,044 463 37,607 Balance at December 31, 2022 $ 42,830 $ 42,889 $ 58,652 $ 1,926 $ 146,297 Twelve Months 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 85 43 1,315 Provision 7,817 10,899 12,301 500 31,517 Balance at December 31, 2021 $ 41,869 $ 26,994 $ 45,829 $ 1,968 $ 116,660 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 Consolidated Balance Sheets 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 $575,000 and $1.3 million at December 31, 2022 2021, December 31, 2022 December 31, 2021. 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, 2022 2021: December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving 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 Doubtful - - - - - - - - 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 Doubtful - - - - - - - - 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 Doubtful - - - - - - - - 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 Doubtful - - - - - - - - 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 Doubtful - - - - - - - - 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 - - - - - - - - Doubtful - - - - - - - - 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 Doubtful - - - - - - - - Total Loans $ 3,184,887 $ 2,897,101 $ 1,349,872 $ 809,041 $ 435,399 $ 1,209,613 $ 1,802,055 $ 11,687,968 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 Nonperforming loans include nonaccrual loans and loans 90 December 31, 2022 2021 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 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 Loans by past due status as of December 31, 2022 2021 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 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 There was no December 31, 2022 2021. Loans that no 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 Total $ 44,205 $ 12,092 $ 837 $ 26,270 $ 83,404 $ 10,387 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 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 December 31, 2022, 19 TDRs at December 31, 2022 2021 Year Ended December 31, 2022 Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment (In Thousands) Troubled Debt Restructurings Commercial, financial and agricultural 3 $ 444 $ 444 Real estate - construction - - - Real estate - mortgage: Owner-occupied commercial - - - 1-4 family mortgage - - - Other mortgage - - - Total real estate - mortgage - - - Consumer - - - 3 $ 444 $ 444 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 There were no loans which were modified in the previous twelve twelve December 31, 2022 December 31, 2021, 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, 2022 2021 Years Ended December 31, 2022 2021 (In Thousands) Balance, beginning of year $ 51,180 $ 36,969 Additions - 3,168 Advances 103,513 90,553 Repayments (102,085 ) (79,445 ) Removal - (65 ) Balance, end of year $ 52,608 $ 51,180 |