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

Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE AND DIRECTOR BENEFITS (Tables)

EMPLOYEE AND DIRECTOR BENEFITS (Tables)

9 Months Ended

Sep. 30, 2013

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Assumptions Used To Estimates Fair Value Of Stock Option Award Using Black Scholes Merton Valuation Model

The risk-free rate for periods within the contractual life of the option is based on the U. S. Treasury yield curve in effect at the time of grant.

	2013		2012
Expected volatility	18.50	%	19.88	%
Expected term (in years)	7.5 years		6 years
Risk-free rate	1.39	%	1.03	%

Summary Of Stock Option Activity

The following table summarizes stock option activity during the nine months ended September 30, 2013 and September 30, 2012:

					Weighted
			Weighted		Average
			Average		Remaining			Aggregate
			Exercise		Contractual			Intrinsic
	Shares		Price		Term (years)			Value
							(In Thousands)
Nine Months Ended September 30, 2013:
Outstanding at January 1, 2013	816,500	$		20.87		5.8	$		9,905
Granted	25,000			33.00		9.5
Exercised	(43,000)			14.42		2.8			1,054
Forfeited	(3,000)			20.00		4.2			65
Outstanding at September 30, 2013	795,500			21.60		5.3	$		15,828

Exercisable at September 30, 2013	517,744	$		15.30		3.1	$		13,563

Nine Months Ended September 30, 2012:
Outstanding at January 1, 2012	1,073,800	$		18.33		6.0	$		12,508
Granted	41,500			30.00		9.5
Exercised	(54,036)			11.07		3.3			1,023
Forfeited	(12,500)			25.60		5.6			55
Outstanding at September 30, 2012	1,048,764			19.11		5.8	$		11,440

Exercisable at September 30, 2012	443,589	$		13.40		3.7	$		7,363

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References + Details