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

Annual report pursuant to Section 13 and 15(d)

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Premises and equipment are summarized as follows:

	December 31,
	2012			2011
	(In Thousands)
Land and building	$	1,724		$	-
Furniture and equipment		8,642			5,224
Leasehold improvements		4,742			4,436
		15,108			9,660
Accumulated depreciation		(6,261	)		(5,069	)
	$	8,847		$	4,591

Schedule of Future Minimum Lease Payments

The Company leases land and building space under non-cancellable operating leases. Future minimum lease payments under non-cancellable operating leases are summarized as follows:

	(In Thousands)
2012	$	2,068
2013		1,955
2014		1,945
2015		1,974
2016		1,934
Thereafter		7,201
	$	17,077

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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