ServisFirst Bank in Birmingham, Alabama (AL), FL



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ServisFirst Bank
GeneralFDIC Certificate #: 57993
Status: Active
Federal Reserve ID: 3348888
Bank Holding Company (Regulatory Top Holder): Servisfirst Bancshares, Inc. (RSSDID: 3635319, Location: Birmingham, AL)
Date Established: May 02, 2005
WWW: http://www.servisfirstbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 10 (Domestic: 10, Interstate: Yes)
FDIC's unique #: 433262
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: May 02, 2005
Last Structure Change Effective Date: Febuary 24, 2011
Last Structure Change Process Date: Febuary 24, 2011
Last Data Update: Febuary 24, 2011
Data Source Date: April 05, 2012
LocationAddress: 850 Shades Creek Parkway, Suite 200, Birmingham, AL 35209
County: Jefferson
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Shelby
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Birmingham, AL (#1000)
Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820)
CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $2,460.2 mil
Equity capital: $223.2 mil
Deposits held in domestic offices: $2,146.9 mil
Return on assets (ROA): 1.19% ($29.3 mil)
Quarterly return on assets: 1.18% ($29.0 mil)
Return on Equity (ROE): 13.25% ($29.5 mil)
Quarterly return on equity: 12.72% ($28.4 mil)
Net income: $25.1 mil
Quarterly Net income: $7.0 mil
Pretax return on assets: 1.82% ($44,776.3 mil)
Quarterly Pretax return on assets: 1.80% ($44,284.3 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)210
Total assets$2,460,239
Cash and due from depository institutions$142,368
Interest-bearing balances$99,350
Securities$309,018
Federal funds sold & reverse repurchase agreements$100,565
Net loans & leases$1,826,571
Loan loss allowance $22,030
Trading account assets$0
Bank premises and fixed assets$4,591
Other real estate owned$12,275
Goodwill and other intangibles$0
All other assets$64,851
Life insurance assets$2,460,239
Total liabilities and capital$2,237,002
Total liabilities$2,146,871
Total deposits$1,967,833
Interest-bearing deposits$2,146,871
Deposits held in domestic offices$56
% insured (estimated)79265.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $4,954
Subordinated debt $5,912
All other liabilities $223,237
Total equity capital$223,237
Total bank equity capital$223,237
Perpetual preferred stock$0
Common stock$25,637
Surplus$127,265
Undivided profits $70,335
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $17,859
Income earned, not collected on loans $13,772
Earning assets $543
Long-term assets (5+ years) $8,192
Average Assets, year-to-date $2,335,504
Average Assets, quarterly $382,989
Volatile liabilities $2,108,773
Insider loans $2,359,498
FHLB advances $1,925,817
Loans and leases held for sale $2,387,032
Unused loan commitments $40,390
Tier 1 (core) risk-based capital $40,390
Tier 2 risk-based capital $216,295
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $717,626
Derivatives$13,922
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $91,368
Total interest expense $13,628
Net interest income $77,740
Provision for loan and lease losses $8,972
Total noninterest income $6,154
Fiduciary activities $0
Service charges on deposit accounts $2,290
Trading account gains & fees $0
Additional noninterest income $3,864
Total noninterest expense $37,166
Salaries and employee benefits $19,518
Premises and equipment expense $3,697
Additional noninterest expense $13,951
Pre-tax net operating income $37,756
Securities gains (losses) $666
Applicable income taxes $13,365
Income before extraordinary items $25,057
Extraordinary gains - net $0
Net income attributable to bank $25,057
Net charge-offs $0
Cash dividends $25,057
Sale, conversion, retirement of capital stock, net $5,019
Net operating income $800
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.52%
Cost of funding earning assets 0.67%
Net interest margin 3.84%
Noninterest income to earning assets 0.30%
Noninterest expense to earning assets 1.84%
Net operating income to assets 1.17%
Return on assets (ROA) 1.19%
Pretax return on assets 1.82%
Return on equity (ROE) 13.25%
Retained earnings to average equity (YTD only) 12.83%
Net charge-offs to loans 0.31%
Credit loss provision to net charge-offs 178.76%
Efficiency ratio9.31%
Assets per employee$44,301
Cash dividends to net income (YTD only)11.72%
Condition Ratios (%)
Loss allowance to loans 3.19%
Loss allowance to noncurrent loans 1.19%
Noncurrent assets plus other real estate owned to assets 159.96%
Noncurrent loans to loans 1.06%
Net loans and leases to deposits0.74%
Net loans and leases to core deposits 85.08%
Equity capital to assets 92.17%
Core capital (leverage) ratio 9.07%
Tier 1 risk-based capital ratio 9.06%
Total risk-based capital ratio 11.23%
Memoranda
Average assets$13
Average earning assets$2,108,773
Average equity $189,109
Average loans $2,022,652
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9 Alabama Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0433262Servisfirst Bank850 Shades Creek Parkway, Suite 200, Birmingham, AL 35209May 02, 2005Full Service Brick and Mortar
1468440Huntsville - Research Park1267-A Enterprise Way, Huntsville, AL 35806August 21, 2006Full Service Brick and Mortar
2468518Huntsville Main Branch401 Meridian Street, Suite 100, Huntsville, AL 35801November 21, 2006Full Service Brick and Mortar
3477425Greystone5403 Highway 280, Suite 401, Hoover, AL 35244August 15, 2006Full Service Brick and Mortar
4478372Birmingham Downtown Branch324 Richard Arrington Blvd, Birmingham, AL 35203December 21, 2005Full Service Brick and Mortar
5478373Montgomery Main BranchOne Commerce Street Ste 200, Montgomery, AL 36104June 04, 2007Full Service Brick and Mortar
6478374Montgomery East Branch8117 Vaughn Road Unit 20, Montgomery, AL 36116September 26, 2007Full Service Brick and Mortar
7489680Dothan Branch4801 West Main Street, Dothan, AL 36305September 30, 2008Full Service Brick and Mortar
8516207Cottonwoods Corners Branch1640 Ross Clark Circle, Dothan, AL 36301Febuary 01, 2011Full Service Brick and Mortar
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1 Florida Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
9518316Pensacola Branch Office316 South Baylen Street, Pensacola, FL 32502April 01, 2011Full Service Brick and Mortar
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