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)

9 Months Ended

Sep. 30, 2021

Notes Tables

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

		2021
Expected volatility			40.00	%
Expected dividends			1.78	%
Expected term (in years)			7.5
Risk-free rate			2.43	%

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)
Nine Months Ended September 30, 2021:
Outstanding at January 1, 2021			640,950			$	18.14				4.6			$	16,981
Granted			500				32.60				7.7				23
Exercised			(257,200	)			12.46				3.2				16,805
Forfeited			(9,000	)			16.57				2.1				256
Outstanding at September 30, 2021			375,250			$	19.56				4.1			$	22,438

Exercisable at September 30, 2021			281,000			$	12.79				3.0			$	18,565

Nine Months Ended September 30, 2020:
Outstanding at January 1, 2020			965,248			$	15.19				4.9			$	21,911
Granted			-				-				-				-
Exercised			(279,300	)			11.36				3.2				6,330
Forfeited			(18,000	)			30.79				6.4				58
Outstanding at September 30, 2020			667,948			$	16.37				4.5			$	11,720

Exercisable at September 30, 2020			209,200			$	12.41				3.2			$	4,425

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

		Restricted Stock								Performance Shares
		Shares				Weighted Average Grant Date Fair Value				Shares				Weighted Average Grant Date Fair Value
Nine Months Ended September 30, 2021:
Non-vested at January 1, 2021			84,307			$	34.92				-			$	-
Granted			69,295				48.92				12,437				37.05
Vested			(13,024	)			28.44				-				-
Forfeited			(11,725	)			39.59				-				-
Non-vested at September 30, 2021			128,853			$	42.68				12,437			$	37.05

Nine Months Ended September 30, 2020:
Non-vested at January 1, 2020			71,290			$	31.53				-			$	-
Granted			29,067				33.20				-				-
Vested			(19,928	)			23.64				-				-
Forfeited			-				-				-				-
Non-vested at September 30, 2020			80,429			$	34.09				-			$	-