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

Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Employee and Director Benefits (Tables)

Note 7 - Employee and Director Benefits (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

		2019
Expected volatility			40.00	%
Expected dividends			1.74	%
Expected term (in years)			6.7
Risk-free rate			2.55	%

Share-based Payment Arrangement, Option, Activity [Table Text Block]

										Weighted
						Weighted				Average
						Average				Remaining				Aggregate
						Exercise				Contractual				Intrinsic
		Shares				Price				Term (years)				Value
														(In Thousands)
Six Months Ended June 30, 2020:
Outstanding at January 1, 2020			965,248			$	15.19				4.9			$	21,911
Granted			-				-				-				-
Exercised			(236,000	)			10.36				3.1				5,995
Forfeited			(18,000	)			30.79				6.6				90
Outstanding at June 30, 2020			711,248				18.21				5.3			$	13,808

Exercisable at June 30, 2020			236,500			$	12.76				3.6			$	5,446

Six Months Ended June 30, 2019:
Outstanding at January 1, 2019			1,238,748			$	13.02				5.2			$	23,355
Granted			10,500				34.44				9.7				(2	)
Exercised			(188,500	)			5.58				1.8				5,014
Forfeited			(13,000	)			29.93				7.4				56
Outstanding at June 30, 2019			1,047,748				14.37				5.3			$	21,233

Exercisable at June 30, 2019			328,800			$	8.13				3.7			$	8,964

Nonvested Restricted Stock Shares Activity [Table Text Block]

		Shares				Weighted Average Grant Date Fair Value
Six Months Ended June 30, 2020:
Non-vested at January 1, 2020			71,290			$	31.53
Granted			25,567				36.29
Vested			(18,828	)			23.06
Forfeited			-				-
Non-vested at June 30, 2020			78,029				35.14

Six Months Ended June 30, 2019:
Non-vested at January 1, 2019			44,076			$	38.44
Granted			23,474				34.03
Vested			(5,200	)			20.31
Forfeited			(2,500	)			38.17
Non-vested at June 30, 2019			59,850				38.95