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

Note 11 - Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2019

	Fair Value Measurements at September 30, 2019 Using
	Quoted Prices in
	Active Markets		Significant Other		Significant
	for Identical		Observable Inputs		Unobservable
	Assets (Level 1)		(Level 2)		Inputs (Level 3)		Total
Assets Measured on a Recurring Basis:	(In Thousands)
Available-for-sale debt securities:
U.S. Treasury securities	$	-	$	52,198	$	-	$	52,198
Government Agency securities		-		18,361		-		18,361
Mortgage-backed securities		-		402,639		-		402,639
State and municipal securities		-		65,568		-		65,568
Corporate debt		-		142,645		6,610		149,255
Total assets at fair value	$	-	$	681,411	$	6,610	$	688,021

	Fair Value Measurements at December 31, 2018 Using
	Quoted Prices in
	Active Markets		Significant Other		Significant
	for Identical		Observable Inputs		Unobservable
	Assets (Level 1)		(Level 2)		Inputs (Level 3)		Total
Assets Measured on a Recurring Basis:	(In Thousands)
Available-for-sale debt securities:
U.S. Treasury securities	$	-	$	58,428	$	-	$	58,428
Government Agency securities		-		18,565		-		18,565
Mortgage-backed securities		-		304,304		-		304,304
State and municipal securities		-		105,994		-		105,994
Corporate debt		-		96,375		6,518		102,893
Total assets at fair value	$	-	$	583,666	$	6,518	$	590,184

	Fair Value Measurements at September 30, 2019
	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	$	-	$	-	$	42,205	$	42,205
Other real estate owned and repossessed assets		-		-		5,337		5,337
Total assets at fair value	$	-	$	-	$	47,542	$	47,542

	Fair Value Measurements at December 31, 2018
	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	$	-	$	-	$	30,463	$	30,463
Other real estate owned and repossessed assets		-		-		5,169		5,169
Total assets at fair value	$	-	$	-	$	35,632	$	35,632

	September 30, 2019				December 31, 2018
	Carrying				Carrying
	Amount		Fair Value		Amount		Fair Value
	(In Thousands)
Financial Assets:
Level 1 inputs:
Cash and due from banks	$	572,429	$	572,429	$	458,050	$	458,050

Level 2 inputs:
Federal funds sold		474,298		474,298		223,845		223,845
Mortgage loans held for sale		8,691		8,656		120		121

Level 3 inputs:
Held to maturity debt securities		250		250		-		-
Loans, net		6,902,672		6,816,956		6,464,899		6,398,604

Financial liabilities:
Level 2 inputs:
Deposits	$	7,724,158	$	7,728,323	$	6,915,708	$	6,910,176
Federal funds purchased		370,231		370,231		288,725		288,725
Other borrowings		64,693		64,629		64,666		64,613