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, 2014

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

Treasury yield curve in effect at the time of grant.

	2014		2013
Expected volatility	19.25	%	18.50	%
Expected dividends	1.45	%	-	%
Expected term (in years)	7.75		7.50
Risk-free rate	2.33	%	1.39	%

Summary Of Stock Option Activity

The following table summarizes stock option activity during the nine months ended September 30, 2014 and September 30, 2013:

					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
	Shares		Price		Term (years)		Value
							(In Thousands)
Nine Months Ended September 30, 2014:
Outstanding at January 1, 2014		2,328,900	$	7.69		5.5	$	14,300
Granted		114,000		13.83		9.4		1,707
Exercised		(821,400)		5.77		2.6		18,920
Forfeited		-		-		-		-
Outstanding at September 30, 2014		1,621,500		9.10		6.1	$	31,942

Exercisable at September 30, 2014		609,000	$	7.17		4.7	$	13,174

Nine Months Ended September 30, 2013:
Outstanding at January 1, 2013		2,449,500	$	6.96		5.8	$	9,905
Granted		75,000		11.00		9.5		-
Exercised		(129,000)		4.81		2.8		1,054
Forfeited		(9,000)		6.67		4.2		65
Outstanding at September 30, 2013		2,386,500		7.20		5.3	$	15,828

Exercisable at September 30, 2013		1,553,232	$	5.10		3.1	$	13,563

- 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