ServisFirst Bancshares, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 12 - Fair Value Measurement (Tables)

Note 12 - Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Fair Value Measurements at March 31, 2025 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	$	677,063	$	-	$	-	$	677,063
Mortgage-backed securities		-		213,149		-		213,149
State and municipal securities		-		9,685		-		9,685
Corporate debt		-		303,940		-		303,940
Total available-for-sale debt securities		677,063		526,774		-		1,203,837
Total assets at fair value	$	677,063	$	526,774	$	-	$	1,203,837

	Fair Value Measurements at December 31, 2024 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	$	617,486	$	-	$	-	$	617,486
Mortgage-backed securities		-		219,274		-		219,274
State and municipal securities		-		9,517		-		9,517
Corporate debt		-		315,123		-		315,123
Total available-for-sale debt securities		617,486		543,914		-		1,161,400
Total assets at fair value	$	617,486	$	543,914	$	-	$	1,161,400

Fair Value Measurements, Nonrecurring [Table Text Block]

	Fair Value Measurements at March 31, 2025 Using
	Quoted Prices in
	Active Markets		Significant Other		Significant
	for Identical		Observable		Unobservable
	Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)		Total
Assets Measured on a Nonrecurring Basis:	(In Thousands)
Loans individually evaluated	$	-	$	-	$	91,276	$	91,276
Other real estate owned and repossessed assets		-		-		756		756
Total assets at fair value	$	-	$	-	$	92,032	$	92,032

	Fair Value Measurements at December 31, 2024 Using
	Quoted Prices in
	Active Markets		Significant Other		Significant
	for Identical		Observable		Unobservable
	Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)		Total
Assets Measured on a Nonrecurring Basis:	(In Thousands)
Loans individually evaluated	$	-	$	-	$	95,667	$	95,667
Other real estate owned and repossessed assets		-		-		2,531		2,531
Total assets at fair value	$	-	$	-	$	98,198	$	98,198

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	For the period ended March 31,
	2025		2024
	Available-for-sale Securities		Available-for-sale Securities
	(In Thousands)
Fair value, beginning of period	$	-	$	6,860
Transfers into Level 3		-		-
Total realized gains included in income		-		-
Changes in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at period-end		-		(1,329	)
Purchases		-		-
Transfers out of Level 3		-		(5,531	)
Fair value, end of period	$	-	$	-

Fair Value, by Balance Sheet Grouping [Table Text Block]

March 31, 2025	Carrying / Notional Amount		Estimated Fair Value		Quoted Market Prices in an Active Market (Level 1)		Models with Significant Observable Market Parameters (Level 2)		Models with Significant Unobservable Market Parameters (Level 3)
	(In Thousands)
Financial Assets:
Cash and cash equivalents	$	3,340,398	$	3,340,398	$	3,340,398	$	-	$	-
Held to maturity U.S. Treasury securities		249,457		233,692		233,692		-		-
Federal funds sold		9,322		9,322		-		9,322		-
Held to maturity debt securities		452,006		405,513		-		405,513		-
Mortgage loans held for sale		11,386		11,386		-		11,386		-
Restricted equity securities		12,156		12,156		-		12,156		-
Held to maturity debt securities		250		250		-		-		250
Loans, net		12,721,797		12,415,164		-		-		12,415,164
Financial Liabilities:
Deposits	$	14,429,061	$	14,427,026	$	-	$	14,427,026	$	-
Federal funds purchased		2,358,326		2,358,326		-		2,358,326		-
Other borrowings		64,745		59,398		-		59,398		-

December 31, 2024	Carrying / Notional Amount		Estimated Fair Value		Quoted Market Prices in an Active Market (Level 1)		Models with Significant Observable Market Parameters (Level 2)		Models with Significant Unobservable Market Parameters (Level 3)
	(In Thousands)
Financial Assets:
Cash and cash equivalents	$	2,375,589	$	2,375,589	$	2,375,589	$	-	$	-
Held to maturity U.S. Treasury securities		249,403		229,771		229,771		-		-
Federal funds sold		1,045		1,045		-		1,045		-
Held to maturity debt securities		465,200		409,475		-		409,475		-
Mortgage loans held for sale		9,211		9,211		-		9,211		-
Restricted equity securities		11,300		11,300		-		11,300		-
Held to maturity debt securities		250		250		-		-		250
Loans, net		12,441,378		12,013,721		-		-		12,013,721
Financial Liabilities:
Deposits	$	13,543,459	$	13,540,438	$	-	$	13,540,438	$	-
Federal funds purchased		1,993,728		1,993,728		-		1,993,728		-
Other borrowings		64,743		59,130		-		59,130		-

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details