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

Note 10 - Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2017

	Fair Value Measurements at March 31, 2017 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 debt securities:
U.S. Treasury and government sponsored agencies	$	-	$	58,034	$	-	$	58,034
Mortgage-backed securities		-		253,385		-		253,385
State and municipal securities		-		137,535		-		137,535
Corporate debt		-		5,002		-		5,002
Total assets at fair value	$	-	$	453,956	$	-	$	453,956

	Fair Value Measurements at December 31, 2016 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 debt securities:
U.S. Treasury and government sponsored agencies	$	-	$	46,254	$	-	$	46,254
Mortgage-backed securities		-		227,190		-		227,190
State and municipal securities		-		139,930		-		139,930
Corporate debt		-		9,001		-		9,001
Total assets at fair value	$	-	$	422,375	$	-	$	422,375

	Fair Value Measurements at March 31, 2017 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)
Impaired loans	$	-	$	-	$	34,989	$	34,989
Other real estate owned and repossessed assets		-		-		5,102		5,102
Total assets at fair value	$	-	$	-	$	40,091	$	40,091

	Fair Value Measurements at December 31, 2016 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)
Impaired loans	$	-	$	-	$	37,437	$	37,437
Other real estate owned		-		-		4,988		4,988
Total assets at fair value	$	-	$	-	$	42,425	$	42,425

	March 31, 2017				December 31, 2016
	Carrying				Carrying
	Amount		Fair Value		Amount		Fair Value
	(In Thousands)
Financial Assets:
Level 1 inputs:
Cash and due from banks	$	338,174	$	338,174	$	623,562	$	623,562

Level 2 inputs:
Available for sale debt securities	$	453,956	$	453,956	$	422,375	$	422,375
Held to maturity debt securities		34,547		34,892		25,052		25,431
Equity securities		1,034		1,034		1,024		1,024
Federal funds sold		127,390		127,390		160,435		160,435
Mortgage loans held for sale		6,599		6,718		4,675		4,736
Bank owned life insurance contracts		115,112		115,112		114,388		114,388

Level 3 Inputs:
Held to maturity debt securities	$	37,510	$	38,288	$	37,512	$	37,871
Loans, net		5,098,092		5,111,532		4,859,877		4,872,689

Financial Liabilities:
Level 2 inputs:
Deposits	$	5,361,532	$	5,358,573	$	5,420,311	$	5,417,320
Federal funds purchased		358,241		358,241		355,944		355,944
Other borrowings		55,169		54,234		55,262		54,203