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

FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 30, 2012

			Fair Value Measurements at September 30, 2012 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 and government sponsored agencies	$	-	$	33,494	$	-	$	33,494
		Mortgage-backed securities		-		81,957		-		81,957
		State and municipal securities		-		115,196		-		115,196
		Corporate debt		-		5,935		-		5,935
	Interest rate swap agreements			-		490		-		490
		Total assets at fair value	$	-	$	237,072	$	-	$	237,072

Liabilities Measured on a Recurring Basis:
	Interest rate swap agreements		$	-	$	490	$	-	$	490

			Fair Value Measurements at December 31, 2011 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 and government sponsored agencies	$	-	$	99,622	$	-	$	99,622
		Mortgage-backed securities		-		92,580		-		92,580
		State and municipal securities		-		100,526		-		100,526
		Corporate debt		-		1,081		-		1,081
	Interest rate swap agreements			-		617		-		617
	Interest rate cap			-		9		-		9
		Total assets at fair value	$	-	$	294,435	$	-	$	294,435

Liabilities Measured on a Recurring Basis:
	Interest rate swap agreements		$	-	$	617	$	-	$	617