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

Note 21 - Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2020

	Fair Value Measurements at December 31, 2020 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 securities:
U.S. Treasury securities	$	-	$	14,357	$	-	$	14,357
Government agency securities		-		15,458		-		15,458
Mortgage-backed securities		-		495,109		-		495,109
State and municipal securities		-		38,115		-		38,115
Corporate debt		-		323,650		-		323,650
Total available-for-sale debt securities		-		886,689		-		886,689
Interest rate cap derivative		-		139		-		139
Total assets at fair value	$	-	$	886,828	$	-	$	886,828

	Fair Value Measurements at December 31, 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 securities
U.S. Treasury securities	$	-	$	49,210	$	-	$	49,210
Government agency securities		-		18,386		-		18,386
Mortgage-backed securities		-		474,054		-		474,054
State and municipal securities		-		57,272		-		57,272
Corporate debt		-		160,477		-		160,477
Total assets at fair value	$	-	$	759,399	$	-	$	759,399

	Fair Value Measurements at December 31, 2020 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	$	-		-	$	80,817	$	80,817
Other real estate owned and repossessed assets		-		-		6,497		6,497
Total assets at fair value		-		-	$	87,314	$	87,314

	Fair Value Measurements at December 31, 2019 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	$	-	$	-	$	33,344	$	33,344
Other real estate owned and repossessed assets		-		-		8,178		8,178
Total assets at fair value	$	-	$	-	$	41,522	$	41,522

	December 31,
	2020				2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In Thousands)
Financial Assets:
Level 1 Inputs:
Cash and cash equivalents	$	2,209,640	$	2,209,640	$	530,127	$	530,127

Level 2 Inputs:
Federal funds sold		1,771		1,771		100,473		100,473
Mortgage loans held for sale		14,425		14,497		6,312		6,322

Level 3 Inputs:
Debt securities held to maturity		250		250		250		250
Loans, net		8,377,746		8,387,718		7,184,867		7,132,542

Financial Liabilities:
Level 2 Inputs:
Deposits	$	9,975,724	$	9,987,665	$	7,530,433	$	7,534,984
Federal funds purchased		851,545		851,545		470,749		470,749
Other borrowings		64,748		65,560		64,703		65,048