ServisFirst Bancshares, Inc. Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2017

	Fair Value Measurements at September 30, 2017, Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets Measured on a Recurring Basis:	(In Thousands)
Available-for-sale securities:
U.S. Treasury and government sponsored agencies	$	-	$	56,778	$	-	$	56,778
Mortgage-backed securities		-		243,743		-		243,743
State and municipal securities		-		134,804		-		134,804
Total assets at fair value	$	-	$	435,325	$	-	$	435,325

	Fair Value Measurements at December 31, 2016, Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets Measured on a Recurring Basis:	(In Thousands)
Available-for-sale securities
U.S. Treasury and government sponsored agencies	$	-	$	46,254	$	-	$	46,254
Mortgage-backed securities		-		227,190		-		227,190
State and municipal securities		-		139,930		-		139,930
Corporate debt		-		9,001		-		9,001
Total assets at fair value	$	-	$	422,375	$	-	$	422,375

	Fair Value Measurements at September 30, 2017, Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets Measured on a Nonrecurring Basis:	(In Thousands)
Impaired loans	$	-	$	-	$	41,114	$	41,114
Other real estate owned and repossessed assets		-		-		3,888		3,888
Total assets at fair value	$	-	$	-	$	45,002	$	45,002

	Fair Value Measurements at December 31, 2016, Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets Measured on a Nonrecurring Basis:	(In Thousands)
Impaired loans	$	-	$	-	$	37,437	$	37,437
Other real estate owned and repossessed assets		-		-		4,988		4,988
Total assets at fair value	$	-	$	-	$	42,425	$	42,425

	September 30, 2017				December 31, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In Thousands)
Financial Assets:
Level 1 inputs:
Cash and due from banks	$	166,150	$	166,150	$	623,562	$	623,562

Level 2 inputs:
Available for sale debt securities		435,325		435,325		422,375		422,375
Held to maturity debt securities		36,891		37,406		25,052		25,431
Restricted equity securities		1,038		1,038		1,024		1,024
Federal funds sold		182,841		182,841		160,435		160,435
Mortgage loans held for sale		4,971		5,033		4,675		4,736
Bank owned life insurance contracts		126,722		126,722		114,388		114,388

Level 3 inputs:
Debt securities held to maturity		50,508		51,923		37,512		37,871
Loans, net		5,570,306		5,564,250		4,859,877		4,872,689

Financial liabilities:
Level 2 inputs:
Deposits	$	5,796,901	$	5,793,324	$	5,420,311	$	5,417,320
Federal funds purchased		254,880		254,880		355,944		355,944
Other borrowings		54,975		56,996		55,262		54,203