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

Note 4 - Securities (Tables)

9 Months Ended

Sep. 30, 2021

			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gain		Loss			Value
September 30, 2021	(In Thousands)
Securities Available for Sale
U.S. Treasury securities	$	14,001	$	178	$	-		$	14,179
Government agencies		9,023		61		-			9,084
Mortgage-backed securities		294,887		4,693		(1,032	)		298,548
State and municipal securities		21,414		221		(38	)		21,597
Corporate debt		367,861		12,580		(525	)		379,916
Total	$	707,186	$	17,733	$	(1,595	)	$	723,324
Securities Held to Maturity
Mortgage-backed securities	$	261,026	$	-	$	-		$	261,026
State and municipal securities		250		-		-			250
Total	$	261,276	$	-	$	-		$	261,276

December 31, 2020
Securities Available for Sale
U.S. Treasury securities	$	13,993	$	364	$	-		$	14,357
Government agencies		15,228		230		-			15,458
Mortgage-backed securities		477,407		17,720		(18	)		495,109
State and municipal securities		37,671		444		-			38,115
Corporate debt		316,857		7,296		(504	)		323,649
Total	$	861,156	$	26,054	$	(522	)	$	886,688
Securities Held to Maturity
Mortgage-backed securities	$	-	$	-	$	-		$	-
State and municipal securities		250		-		-			250
Total	$	250	$	-	$	-		$	250

	September 30, 2021				December 31, 2020
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)
Debt securities available for sale
Due within one year	$	35,755	$	36,142	$	30,797	$	31,060
Due from one to five years		41,797		42,745		59,828		61,481
Due from five to ten years		331,653		342,607		288,002		293,886
Due after ten years		3,094		3,282		5,122		5,152
Mortgage-backed securities		294,887		298,548		477,407		495,109
	$	707,186	$	723,324	$	861,156	$	886,688

Debt securities held to maturity
Due from one to five years	$	250	$	250	$	250	$	250
Due from five to ten years		-		-		-		-
Due after ten years		-		-		-		-
Mortgage-backed securities		261,026		261,026		-		-
	$	261,276	$	261,276	$	250	$	250

	Less Than Twelve Months					Twelve Months or More				Total
	Gross					Gross				Gross
	Unrealized					Unrealized				Unrealized
	Losses			Fair Value		Losses		Fair Value		Losses			Fair Value
	(In Thousands)
September 30, 2021
Mortgage-backed securities	$	(1,537	)	$	194,922	$	-	$	-	$	(1,537	)	$	194,922
State and municipal securities		(38	)		3,954		-		-		(38	)		3,954
Corporate debt		(525	)		30,975		-		-		(525	)		30,975
Total	$	(2,100	)	$	229,851	$	-	$	-	$	(2,100	)	$	229,851

December 31, 2020
Mortgage-backed securities	$	(18	)	$	3,667	$	-	$	-	$	(18	)	$	3,667
Corporate debt		(504	)		59,576		-		-		(504	)		59,576
Total	$	(522	)	$	63,243	$	-	$	-	$	(522	)	$	63,243

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In Thousands)
Sale and call proceeds	$	12,735	$	2,001	$	35,532	$	12,947
Gross realized gains	$	-	$	-	$	620	$	-
Net realized gain	$	-	$	-	$	620	$	-