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)

6 Months Ended

Jun. 30, 2022

Notes Tables

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

		2022
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)
Six Months Ended June 30, 2022:
Outstanding at January 1, 2022			353,250			$	19.28				3.8			$	23,525
Exercised			(48,000	)			17.85				2.8				2,931
Outstanding at June 30, 2022			305,250				19.51				3.4			$	18,431

Exercisable at June 30, 2022			243,500			$	14.77				2.5			$	15,924

Six Months Ended June 30, 2021:
Outstanding at January 1, 2021			640,950			$	18.14				4.6			$	16,981
Granted			500				32.60				8.0				18
Exercised			(197,200	)			10.31				3.1				11,574
Forfeited			(6,000	)			5.82				0.7				106
Outstanding at June 30, 2021			438,250			$	19.68				4.4			$	22,121

Exercisable at June 30, 2021			337,000			$	13.84				3.5			$	18,841

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
Six Months Ended June 30, 2022:
Non-vested at January 1, 2022			127,602			$	42.27				12,437			$	37.05
Granted			46,266				83.06				9,165				69.68
Vested			(23,507	)			44.85				-				-
Forfeited			(3,498	)			53.25				-				-
Non-vested at June 30, 2022			146,863			$	54.45				21,602			$	50.89

Six Months Ended June 30, 2021:
Non-vested at January 1, 2021			84,307			$	34.92				-			$	-
Granted			64,199				46.37				12,437				37.05
Vested			(11,778	)			27.99				-				-
Forfeited			(6,975	)			38.81				-				-
Non-vested at June 30, 2021			129,753			$	41.01				12,437			$	37.05