Servisfirst Bank Mortgage Rates, Fees & Info

Birmingham, AL

LEI: 549300XSS1CPK8G7B851

Tax ID: 20-2451671

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Servisfirst Bank is a smaller bank specializing in Refi and Home Purchase loans. Servisfirst Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Birmingham, Charleston, Huntsville, Dothan, and Daphne among others. We have data for 65 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Servisfirst Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Servisfirst Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 12/16/24
    30 Year Conventional Purchase 6.71% 12/16/24
    30 Year Conventional Refi 6.70% 12/16/24
    30 Year Cash-out Refi 7.02% 12/16/24
    30 Year FHA Purchase 7.37% 12/16/24
    30 Year VA Purchase 6.46% 12/16/24
    15 Year Conventional Purchase 6.18% 12/16/24
    15 Year Conventional Refi 6.09% 12/16/24
    15 Year Cash-out Refi 6.09% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Servisfirst Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Servisfirst Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,169

    Origination Dollar Volume (All Markets)

    $516,625,000

    Employee count

    493

    Awards

    ServisFirst Bank 30 Year Conventional Loans silver ServisFirst Bank 30 Year Conventional Loans bronze ServisFirst Bank 30 Year Conventional Loans gold ServisFirst Bank 30 Year Conventional Loans bronze
    Show all (4) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 356 $166,070,000 $466,489 $3,958 3.43%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 89 $43,145,000 $484,775 $5,418 3.61%
    HUNTSVILLE, AL (FHA|USDA|VA) 108 $33,140,000 $306,852 $4,425 3.12%
    DOTHAN, AL (FHA|USDA|VA) 106 $26,900,000 $253,774 $2,982 3.08%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 71 $24,105,000 $339,507 $3,406 3.25%
    MONTGOMERY, AL (FHA|USDA|VA) 54 $19,970,000 $369,815 $3,409 3.55%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 16 $19,400,000 $1,212,500 $5,146 3.17%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 49 $18,915,000 $386,020 $4,893 3.44%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 23 $18,155,000 $789,348 $9,025 3.68%
    MOBILE, AL (FHA|USDA|VA) 58 $17,860,000 $307,931 $3,771 3.35%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 60 $17,680,000 $294,667 $4,945 3.68%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $16,805,000 $16,805,000 $0 4.25%
    TUSCALOOSA, AL (FHA|USDA|VA) 7 $11,335,000 $1,619,286 $6,773 3.64%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 12 $10,510,000 $875,833 $4,286 3.18%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 18 $8,920,000 $495,556 $4,591 3.53%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 9 $6,355,000 $706,111 $3,626 3.47%
    Outside of Metro Areas 15 $5,785,000 $385,667 $4,884 3.51%
    PANAMA CITY, FL (FHA|USDA|VA) 11 $4,465,000 $405,909 $5,059 3.67%
    COLUMBUS, GA-AL (FHA|USDA|VA) 10 $4,270,000 $427,000 $3,147 3.88%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $4,005,000 $4,005,000 $0 4.00%
    Albertville, AL (FHA|USDA|VA) 7 $3,585,000 $512,143 $5,859 3.46%
    Alexander City, AL (FHA|USDA|VA) 7 $2,785,000 $397,857 $4,284 3.34%
    COLUMBIA, SC (FHA|USDA|VA) 3 $2,525,000 $841,667 $2,622 4.10%
    Ozark, AL (FHA|USDA|VA) 11 $2,525,000 $229,545 $2,989 3.11%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $2,440,000 $610,000 $6,431 3.78%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $2,425,000 $808,333 $3,190 3.62%
    Troy, AL (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $0 4.25%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $1,560,000 $390,000 $4,480 3.19%
    Cullman, AL (FHA|USDA|VA) 4 $1,140,000 $285,000 $2,893 3.34%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $1,130,000 $565,000 $0 4.70%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $1,120,000 $560,000 $8,516 4.50%
    OCALA, FL (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 5.25%
    Seneca, SC (FHA|USDA|VA) 2 $1,050,000 $525,000 $3,066 3.38%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 4.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $885,000 $885,000 $16,436 4.25%
    DECATUR, AL (FHA|USDA|VA) 4 $860,000 $215,000 $4,720 3.09%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $860,000 $430,000 $3,790 4.25%
    Eufaula, AL-GA (FHA|USDA|VA) 2 $740,000 $370,000 $3,672 3.31%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $655,000 $655,000 $0 5.25%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $615,000 $205,000 $3,961 3.46%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $610,000 $305,000 $2,872 2.94%
    SUMTER, SC (FHA|USDA|VA) 2 $560,000 $280,000 $4,669 3.38%
    Summerville, GA (FHA|USDA|VA) 1 $515,000 $515,000 $3,771 2.75%
    GADSDEN, AL (FHA|USDA|VA) 1 $515,000 $515,000 $3,644 3.63%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $505,000 $505,000 $8,528 3.25%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $465,000 $465,000 $0 4.35%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $445,000 $445,000 $2,974 3.00%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $435,000 $435,000 $3,234 2.13%
    LaGrange, GA-AL (FHA|USDA|VA) 3 $415,000 $138,333 $3,646 4.33%
    Atmore, AL (FHA|USDA|VA) 2 $380,000 $190,000 $3,848 3.19%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $365,000 $365,000 $6,889 4.25%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $345,000 $345,000 $4,552 3.75%
    Enterprise, AL (FHA|USDA|VA) 1 $325,000 $325,000 $4,049 3.75%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $315,000 $315,000 $6,256 4.25%
    Breckenridge, CO (FHA|USDA|VA) 1 $285,000 $285,000 $4,874 4.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $205,000 $205,000 $5,599 3.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $195,000 $195,000 $5,581 4.25%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.00%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $2,525 2.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,295 2.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,449 2.88%
    Starkville, MS (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.00%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $105,000 $105,000 $3,184 2.75%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $95,000 $95,000 $2,200 2.50%
    Fort Payne, AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.75%
    Servisfirst Bank's top markets include Birmingham, Charleston, Huntsville, Dothan, and Daphne among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ServisFirst Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Eglin Federal Credit Union
    Similarity Rank: 156
    Gulf Winds Credit Union
    Similarity Rank: 264
    BankPlus
    Similarity Rank: 372
    METROPLEX MORTGAGE SERVICES, INC.
    Similarity Rank: 372
    MAX Credit Union
    Similarity Rank: 399
    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 430
    Barley Mortgage, LLC
    Similarity Rank: 441
    Five Star Credit Union
    Similarity Rank: 468
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 576
    Liberty Mortgage Corporation
    Similarity Rank: 630

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,132 $505,140,000 $446,237 $4,120 3.40%
    FHA 13 $2,345,000 $180,385 $7,112 3.31%
    VA 11 $2,815,000 $255,909 $6,087 3.13%
    HELOC 9 $5,735,000 $637,222 n/a 4.66%
    USDA 4 $590,000 $147,500 $5,170 3.47%

    For 2020, Servisfirst Bank's most frequently originated type of loan was Conventional, with 1,132 originations. Their 2nd most popular type was FHA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 489 $245,015,000 $501,053 $3,448 3.16%
    Home Purchase 488 $193,730,000 $396,988 $4,836 3.68%
    Cash Out Refi 182 $70,610,000 $387,967 $4,502 3.31%
    Home Improvement 9 $6,895,000 $766,111 $3,129 4.62%
    Other 1 $375,000 $375,000 $5,008 4.00%

    For 2020, Servisfirst Bank's most frequently cited loan purpose was Refi, with 489 originations. The 2nd most popular reason was Home Purchase, with 488 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 779 $277,455,000 $356,168 $4,424 3.32%
    15 Year 163 $47,595,000 $291,994 $3,403 2.72%
    5 Year 137 $88,035,000 $642,591 $0 4.54%
    20 Year 23 $6,365,000 $276,739 $3,009 3.08%
    Other 22 $13,000,000 $590,909 $2,733 4.05%
    10 Year 22 $4,770,000 $216,818 $2,165 3.43%
    1 Year 19 $11,295,000 $594,474 $3,466 4.42%
    3 Year 4 $68,110,000 $17,027,500 $0 4.44%

    For 2020, Servisfirst Bank's most frequently cited loan duration was 30 Year, with 779 originations. The 2nd most popular length was 15 Year, with 163 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 585 $184,345,000 $315,120
    $2k-3k 132 $32,830,000 $248,712
    $1k-2k 107 $24,685,000 $230,701
    $3k-4k 66 $21,450,000 $325,000
    $5k+ 64 $59,560,000 $930,625
    $4k-5k 27 $10,445,000 $386,852

    Servisfirst Bank's average total fees were $4,424, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 585 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 432 $175,690,000 $406,690
    2.5-3% 388 $119,990,000 $309,253
    4-5% 223 $186,385,000 $835,807
    <2.5% 105 $30,655,000 $291,952
    5-6% 21 $3,905,000 $185,952

    During 2020, Servisfirst Bank's average interest rate for loans was 3.32%, while their most frequently originated rate bucket for loans was 3-4%, with 432 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 463 $134,585,000 $290,680 $3,712 3.20%
    $100k-200k 278 $42,030,000 $151,187 $3,317 3.47%
    $400k-600k 245 $117,365,000 $479,041 $4,304 3.16%
    $100,000 or less 76 $5,270,000 $69,342 $2,711 4.18%
    $1MM+ 57 $178,755,000 $3,136,053 $17,339 4.20%
    $600k-1MM 50 $38,620,000 $772,400 $9,319 4.15%

    2020 saw Servisfirst Bank place emphasis on $200k-400k loans with 463 originations, totaling $134,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 246 $132,020,000 $536,667 $5,711 3.28%
    $150k-250k 196 $73,290,000 $373,929 $3,986 3.15%
    $100k-150k 193 $60,485,000 $313,394 $3,597 3.03%
    $50k-75k 134 $25,980,000 $193,881 $3,603 3.27%
    $75k-100k 128 $32,240,000 $251,875 $3,512 3.13%
    $50k or less 94 $13,430,000 $142,872 $3,584 3.61%

    Servisfirst Bank lent most frequently to those with incomes in the $250k+ range, with 246 originations. The second most popular income band? $150k-250k, with 196 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 281 $92,335,000 $328,594 $3,976 3.10%
    <20% 234 $92,430,000 $395,000 $4,440 3.14%
    30-36% 162 $54,420,000 $335,926 $3,975 3.20%
    40% 34 $11,310,000 $332,647 $4,070 3.25%
    42% 32 $9,730,000 $304,063 $4,357 3.45%
    37% 31 $8,595,000 $277,258 $3,770 3.34%
    41% 27 $8,685,000 $321,667 $3,982 3.41%
    44% 26 $8,020,000 $308,462 $5,303 3.68%
    38% 26 $9,510,000 $365,769 $4,288 3.41%
    36% 24 $7,020,000 $292,500 $3,674 3.22%
    39% 24 $6,590,000 $274,583 $4,635 3.54%
    49% 17 $7,155,000 $420,882 $5,445 3.31%
    43% 17 $5,695,000 $335,000 $4,146 3.16%
    46% 13 $3,655,000 $281,154 $4,192 3.55%
    47% 13 $3,575,000 $275,000 $3,883 3.31%
    48% 13 $3,925,000 $301,923 $3,801 3.24%
    45% 10 $2,890,000 $289,000 $3,998 3.46%
    50-60% 3 $705,000 $235,000 $6,616 3.67%
    >60% 3 $805,000 $268,333 $4,716 3.38%

    Servisfirst Bank lent most frequently to those with DTI ratios of 20-30%, with 281 originations. The next most common DTI ratio? <20%, with 234 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 855 $316,055,000 $369,655 $4,140 3.22%
    Not applicable 140 $153,100,000 $1,093,571 $0 4.49%
    Not provided 67 $24,435,000 $364,701 $4,900 3.31%
    Black 93 $17,475,000 $187,903 $3,979 3.63%
    Asian 9 $3,475,000 $386,111 $4,037 3.18%
    American Indian 4 $1,620,000 $405,000 $5,936 3.25%
    Native Hawaiian or Islander 1 $465,000 $465,000 $4,472 2.50%

    Approval Rates

    Total approvals of all applications
    95.01%

    Servisfirst Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.45%

    Servisfirst Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,169 $516,625,000 $441,938

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $205,000 $205,000
    Multifamily:Site-Built 38 $117,510,000 $3,092,368
    Single Family (1-4 Units):Manufactured 1 $85,000 $85,000
    Single Family (1-4 Units):Site-Built 1,129 $398,825,000 $353,255

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $18,690,000 $346,111 $3,894 3.23%
    40-60% 208 $80,870,000 $388,798 $3,847 3.13%
    60-80% 527 $267,225,000 $507,068 $3,883 3.40%
    80-100% 358 $129,490,000 $361,704 $4,829 3.58%
    Over 100% 4 $4,380,000 $1,095,000 $9,928 3.53%
    Under 20% 18 $15,970,000 $887,222 $1,742 4.04%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SERVICEMAC, LLC VA mortgage Trouble during payment process 5 62.5%
    SERVICEMAC, LLC Conventional home mortgage Trouble during payment process 3 37.5%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Servisfirst Bank 2500 Woodcrest Place Birmingham, AL 35209 Full Service B&M $3,798,649
    Servisfirst Bank 4400 0ld Shell Road Mobile, AL 36608 Full Service B&M $59,903
    Servisfirst Bank 1267-A Enterprise Way Huntsville, AL 35806 Full Service B&M $54,355
    Servisfirst Bank 1640 Ross Clark Circle, Sutie 307 Dothan, AL 36301 Full Service B&M $46,777
    Servisfirst Bank 1801 West End Avenue Nashville, TN 37203 Full Service B&M $552,164
    Servisfirst Bank 2 North Royal Street Mobile, AL 36602 Full Service B&M $343,880
    Servisfirst Bank 219 East Garden Street Pensacola, FL 32502 Full Service B&M $486,745
    Servisfirst Bank 2454 Kennesaw Due West Road Kennesaw, GA 30144 Full Service B&M $157,749
    Servisfirst Bank 2801 Chapel Hill Road Douglasville, GA 30135 Full Service B&M $187,799
    Servisfirst Bank 300 Galleria Parkway, Suites 100 And 350 Atlanta, GA 30339 Full Service B&M $265,203
    Servisfirst Bank 324 Richard Arrington Blvd Birmingham, AL 35203 Full Service B&M $83,245
    Servisfirst Bank 401 Meridian Street, Suite 100 Huntsville, AL 35801 Full Service B&M $1,010,850
    Servisfirst Bank 4221 West Boy Scout Blvd., Ste.100 Tampa, FL 33607 Full Service B&M $325,407
    Servisfirst Bank 4801 West Main Street, Brightleaf Court, Suite 12 Dothan, AL 36305 Full Service B&M $666,189
    Servisfirst Bank 4980 North 12th Avenue Pensacola, FL 32504 Full Service B&M $58,884
    Servisfirst Bank 5403 Highway 280, Suite 401 Hoover, AL 35244 Full Service B&M $50,169
    Servisfirst Bank 561 Fairhope Avenue, Suite 101 Fairhope, AL 36532 Full Service B&M $46,376
    Servisfirst Bank 701 East Bay Street Charleston, SC 29403 Full Service B&M $252,599
    Servisfirst Bank 7256 Halcyon Park Dr Montgomery, AL 36117 Full Service B&M $47,939
    Servisfirst Bank One Commerce Street Ste 200 Montgomery, AL 36104 Full Service B&M $858,243

    For 2020, Servisfirst Bank had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $389,022
    Net interest income $341,092
    Total noninterest income $28,270
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $7,320
    Trading account gains and fees $0
    Additional Noninterest Income $20,950
    Pre-tax net operating income $218,093
    Securities gains (or losses, -) $0
    Income before extraordinary items $172,507
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $172,507
    Minority interest net income $0
    Net income $172,507
    Sale, conversion, retirement of capital stock, net $4,089
    Net operating income $172,507

    Servisfirst Bank's gross interest income from loans was $389,022,000.
    Servisfirst Bank's net interest income from loans was $341,092,000.
    Servisfirst Bank's fee based income from loans was $7,320,000.
    Servisfirst Bank's net income from loans was $172,507,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $47,930
    Provision for credit losses $42,434
    Total noninterest expense $108,835
    Salaries and employee benefits $61,414
    Premises and equipment expense $10,070
    Additional noninterest expense $37,351
    Applicable income taxes $45,586
    Net charge-offs $29,076
    Cash dividends $45,063

    Servisfirst Bank's interest expense for loans was $47,930,000.
    Servisfirst Bank's payroll and benefits expense were $61,414,000.
    Servisfirst Bank's property, plant and equipment expenses $10,070,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.6%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $9,990,409
    Deposits held in domestic offices $9,990,409
    Deposits by Individuals, partnerships, and corporations $8,925,502
    Deposits by U.S. Government $15,584
    Deposits by States and political subdivisions in the U.S. $636,715
    Deposits by Commercial banks and other depository institutions in U.S. $412,608
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,364,858
    Demand deposits $876,939
    Nontransaction accounts $8,625,551
    Money market deposit accounts (MMDAs) $7,718,507
    Other savings deposits (excluding MMDAs) $89,418
    Total time deposits $817,625
    Total time and savings deposits $9,113,470
    Noninterest-bearing deposits $2,803,457
    Interest-bearing deposits $7,186,952
    Retail deposits $9,440,086
    IRAs and Keogh plan accounts $34,970
    Brokered deposits $50,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $11,931,536
    Cash & Balances due from depository institutions $2,209,640
    Interest-bearing balances $2,068,182
    Total securities $886,938
    Federal funds sold & reverse repurchase $1,771
    Net loans and leases $8,392,171
    Loan and leases loss allowance $87,942
    Trading account assets $0
    Bank premises and fixed assets $65,421
    Other real estate owned $6,497
    Goodwill and other intangibles $13,908
    All other assets $355,190

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $11,931,536
    Total Liabilities $10,878,953
    Total deposits $9,990,409
    Interest-bearing deposits $7,186,952
    Deposits held in domestic offices $9,990,409
    % insured (estimated) $40
    Federal funds purchased and repurchase agreements $851,545
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $36,999

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $8,392,171
    Loan and leases loss allowance $87,942
    Total loans and leases (domestic) $8,480,113
    All real estate loans $5,119,343
    Real estate loans in domestic offices $5,119,343
    Construction and development loans $593,615
    Residential 1-4 family construction $154,260
    Other construction, all land development and other land $439,355
    Loans secured by nonfarm nonresidential properties $3,380,732
    Nonfarm nonresidential secured by owner-occupied properties $1,693,427
    Commercial real estate & other non-farm, non-residential $1,687,305
    Multifamily residential real estate $316,372
    1-4 family residential loans $726,117
    Farmland loans $102,507
    Loans held in foreign offices $0
    Farm loans $97,914
    Commercial and industrial loans $3,187,618
    To non-U.S. addressees $0
    Loans to individuals $63,489
    Credit card loans $9,632
    Related Plans $18,707
    Consumer Auto Loans $2,954
    Other loans to individuals $32,196
    All other loans & leases $11,750
    Loans to foreign governments and official institutions $0
    Other loans $1,381
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $50,590
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $818
    Non 1-4 family restructured loans & leases $818
    Total loans and leases (foreign) $0

    ServisFirst Bank had $8,392,171,000 of loans outstanding in 2020. $5,119,343,000 of loans were in real estate loans. $593,615,000 of loans were in development loans. $316,372,000 of loans were in multifamily mortgage loans. $726,117,000 of loans were in 1-4 family mortgage loans. $97,914,000 of loans were in farm loans. $9,632,000 of loans were in credit card loans. $2,954,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 2,568 $631,922 $246,076
    Nonfarm, nonresidential loans - <$100k 186 $8,967 $48,210
    Nonfarm, nonresidential loans - $100-250k 490 $68,737 $140,280
    Nonfarm, nonresidential loans - $250k-1MM 1,892 $554,218 $292,927
    Commercial & Industrial, US addressed loans - <$1MM 8,575 $1,198,190 $139,731
    Commercial & Industrial, US addressed loans - <$100k 4,976 $158,488 $31,850
    Commercial & Industrial, US addressed loans - $100-250k 1,240 $279,177 $225,143
    Commercial & Industrial, US addressed loans - $250k-1MM 2,359 $760,525 $322,393
    Farmland loans - <$1MM 87 $17,714 $203,609
    Farmland loans - <$100k 13 $517 $39,769
    Farmland loans - $100-250k 33 $5,868 $177,818
    Farmland loans - $250k-1MM 41 $11,329 $276,317
    Agriculture operations loans - <$1MM 147 $16,554 $112,612
    Agriculture operations loans - <$100k 49 $1,947 $39,735
    Agriculture operations loans - $100-250k 49 $4,684 $95,592
    Agriculture operations loans - $250k-1MM 49 $9,923 $202,510