ServisFirst Bancshares, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

EMPLOYEE AND DIRECTOR BENEFITS (Tables)

v3.3.1.900

EMPLOYEE AND DIRECTOR BENEFITS (Tables)

12 Months Ended

Dec. 31, 2015

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.

	2015			2014			2013
Expected volatility		24.00	%		19.25	%		18.65	%
Expected dividends		0.71	%		1.31	%		-	%
Expected term (in years)		6			8			7
Risk-free rate		1.85	%		2.24	%		1.72	%

Summary Of Stock Option Activity

The following tables summarize stock option activity:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
							(In Thousands)
Year Ended December 31, 2015:
Outstanding at beginning of year		1,622,917	$	9.38		5.9	$	38,256
Granted		162,000		33.26		9.2		2,311
Exercised		(525,500)		7.23		2.7		21,177
Forfeited		(10,000)		16.79		7.1		-
Outstanding at end of year		1,249,417	$	13.32		6.3	$	42,746

Exercisable at December 31, 2015		205,418	$	9.68		5.4	$	7,775

Year Ended December 31, 2014:
Outstanding at beginning of year		2,328,900	$	7.69		5.5	$	14,300
Granted		139,000		16.83		9.3		2,339
Exercised		(838,983)		5.92		2.5		22,679
Forfeited		(6,000)		11.92		7.9		-
Outstanding at end of year		1,622,917	$	9.38		5.9	$	38,256

Exercisable at December 31, 2014		591,418	$	7.75		4.1	$	14,901

Year Ended December 31, 2013:
Outstanding at beginning of year		2,449,500	$	6.96		5.8	$	9,905
Granted		180,000		12.65		9.7		213
Exercised		(282,600)		4.48		2.8		2,532
Forfeited		(18,000)		7.50		5.6		-
Outstanding at end of year		2,328,900	$	7.69		5.5	$	14,300

Exercisable at December 31, 2013		1,161,732	$	5.40		3.2	$	9,797

Summary Of Stock Option Exercisable

Exercisable options at December 31, 2015 were as follows:

Range of Exercise Price		Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
								(In Thousands)
$	5.00		3,000	$	5.00		0.6	$	127
	8.33		134,918		8.33		4.4		5,288
	11.00		30,000		11.00		7.2		1,096
	13.83		37,500		13.83		8.0		1,264
			205,418		9.68		5.4		7,775

- References

No definition available.

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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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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Tabular disclosure of the following for fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position: the number, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term of options (or share units) currently exercisable (or convertible).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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