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Note 14 - Regulatory Matters | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Regulatory Capital Requirements under Banking Regulations [Text Block] |
NOTE 14. | REGULATORY MATTERS
The Bank is subject to dividend restrictions set forth in the Alabama Banking Code and by the Alabama State Banking Department. Under such restrictions, the Bank may not, without the prior approval of the Alabama State Banking Department, declare dividends in excess of the sum of the current year’s earnings plus the retained earnings from the prior two years. Based on these restrictions, the Bank would be limited to paying $548.7 million in dividends as of December 31, 2024. The Bank is subject to various regulatory capital requirements administered by the state and federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank and the financial statements. Under regulatory capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines involving quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification under the prompt corrective guidelines are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of common equity Tier 1 capital, total risk-based capital and Tier 1 capital to risk-weighted assets (as defined in the regulations), and Tier 1 capital to adjusted total assets (as defined). Management believes, as of December 31, 2024, that the Bank meets all capital adequacy requirements to which it is subject. As of December 31, 2024, the most recent notification from the FDIC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To remain categorized as well capitalized, the Bank will have to maintain minimum CET1, total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as disclosed in the table below. Management believes that it is well capitalized under the prompt corrective action provisions as of December 31, 2024. The Company’s and Bank’s actual capital amounts and ratios are presented in the following table:
|  | Actual |  |  | For Capital Adequacy Purposes |  |  | To Be Well Capitalized Under Prompt Corrective Action Provisions |
|  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
As of December 31, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CET I Capital to Risk Weighted Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 1,634,837 |  |  |  | 11.42 | % |  | $ | 644,441 |  |  |  | 4.50 | % |  |  | N/A |  |  |  | N/A |
ServisFirst Bank |  |  | 1,694,412 |  |  |  | 11.83 | % |  |  | 644,402 |  |  |  | 4.50 | % |  | $ | 930,803 |  |  |  | 6.50 | %
Tier I Capital to Risk Weighted Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 1,635,337 |  |  |  | 11.42 | % |  |  | 859,255 |  |  |  | 6.00 | % |  |  | N/A |  |  |  | N/A |
ServisFirst Bank |  |  | 1,694,912 |  |  |  | 11.84 | % |  |  | 859,203 |  |  |  | 6.00 | % |  |  | 1,145,604 |  |  |  | 8.00 | %
Total Capital to Risk Weighted Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 1,847,146 |  |  |  | 12.90 | % |  |  | 1,145,673 |  |  |  | 8.00 | % |  |  | N/A |  |  |  | N/A |
ServisFirst Bank |  |  | 1,859,978 |  |  |  | 12.99 | % |  |  | 1,145,604 |  |  |  | 8.00 | % |  |  | 1,432,005 |  |  |  | 10.00 | %
Tier I Capital to Average Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 1,635,337 |  |  |  | 9.59 | % |  |  | 682,238 |  |  |  | 4.00 | % |  |  | N/A |  |  |  | N/A |
ServisFirst Bank |  |  | 1,694,912 |  |  |  | 9.94 | % |  |  | 682,223 |  |  |  | 4.00 | % |  |  | 852,779 |  |  |  | 5.00 | %
As of December 31, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CET I Capital to Risk Weighted Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 1,473,831 |  |  |  | 10.91 | % |  | $ | 607,690 |  |  |  | 4.50 | % |  |  | N/A |  |  |  | N/A |
ServisFirst Bank |  |  | 1,535,757 |  |  |  | 11.37 | % |  |  | 607,665 |  |  |  | 4.50 | % |  | $ | 877,738 |  |  |  | 6.50 | %
Tier I Capital to Risk Weighted Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 1,474,331 |  |  |  | 10.92 | % |  |  | 810,253 |  |  |  | 6.00 | % |  |  | N/A |  |  |  | N/A |
ServisFirst Bank |  |  | 1,536,257 |  |  |  | 11.38 | % |  |  | 810,220 |  |  |  | 6.00 | % |  |  | 1,080,293 |  |  |  | 8.00 | %
Total Capital to Risk Weighted Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 1,680,974 |  |  |  | 12.45 | % |  |  | 1,080,338 |  |  |  | 8.00 | % |  |  | N/A |  |  |  | N/A |
ServisFirst Bank |  |  | 1,690,149 |  |  |  | 12.52 | % |  |  | 1,080,293 |  |  |  | 8.00 | % |  |  | 1,350,366 |  |  |  | 10.00 | %
Tier I Capital to Average Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 1,474,331 |  |  |  | 9.12 | % |  |  | 646,710 |  |  |  | 4.00 | % |  |  | N/A |  |  |  | N/A |
ServisFirst Bank |  |  | 1,536,257 |  |  |  | 9.50 | % |  |  | 646,675 |  |  |  | 4.00 | % |  |  | 808,343 |  |  |  | 5.00 | %

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- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1D Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1A Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1F + Details
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