ServisFirst Bancshares Inc
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 1, 2024
SFBS$41.50-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at December 31, 2023 and 2022
| SERVISFIRST BANCSHARES, INC. AND SUBSIDIARIES | ||
|---|---|---|
| CONSOLIDATED BALANCE SHEETS | ||
| (In thousands, except share and per share amounts) | ||
| December 31, 2023 | December 31, 2022 | |
| ASSETS | ||
| Cash and due from banks | $123,430 | $106,317 |
| Interest-bearing balances due from depository institutions | 1,907,083 | 708,221 |
| Federal funds sold | 100,575 | 1,515 |
| Cash and cash equivalents | 2,131,088 | 816,053 |
| Available-for-sale debt securities, at fair value | 900,183 | 644,815 |
| Held-to-maturity debt securities (fair value of $907,191 and $935,953, respectively) | 982,664 | 1,034,121 |
| Restricted equity securities | 10,226 | 7,734 |
| Mortgage loans held for sale | 5,074 | 1,607 |
| Loans | 11,658,829 | 11,687,968 |
| Less allowance for credit losses | (153,317) | (146,297) |
| Loans, net | 11,505,512 | 11,541,671 |
| Premises and equipment, net | 59,324 | 59,850 |
| Accrued interest and dividends receivable | 59,181 | 48,422 |
| Deferred tax asset, net | 62,918 | 60,448 |
| Other real estate owned and repossessed assets | 995 | 248 |
| Bank owned life insurance contracts | 292,759 | 287,752 |
| Goodwill | 13,615 | 13,615 |
| Other assets | 106,129 | 79,417 |
| Total assets | $16,129,668 | $14,595,753 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Liabilities: | ||
| Deposits: | ||
| Non-interest-bearing demand | $2,643,101 | $3,321,347 |
| Interest-bearing | 10,630,410 | 8,225,458 |
| Total deposits | 13,273,511 | 11,546,805 |
| Federal funds purchased | 1,256,724 | 1,618,798 |
| Other borrowings | 64,735 | 64,726 |
| Accrued interest and dividends payable | 27,545 | 18,615 |
| Other liabilities | 66,748 | 48,913 |
| Total liabilities | 14,689,263 | 13,297,857 |
| Stockholders' equity: | ||
| Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at December 31, 2023 and December 31, 2022 | - | - |
| Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,461,580 shares issued and outstanding at December 31, 2023; and 54,326,527 shares issued and outstanding at December 31, 2022 | 54 | 54 |
| Additional paid-in capital | 232,605 | 229,693 |
| Retained earnings | 1,254,841 | 1,109,902 |
| Accumulated other comprehensive loss | (47,595) | (42,253) |
| Total stockholders' equity attributable to ServisFirst Bancshares, Inc. | 1,439,905 | 1,297,396 |
| Noncontrolling interest | 500 | 500 |
| Total stockholders' equity | 1,440,405 | 1,297,896 |
| Total liabilities and stockholders' equity | $16,129,668 | $14,595,753 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.