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

Note 4 - Securities (Tables)

9 Months Ended

Sep. 30, 2024

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gain		Loss			Value
September 30, 2024	(In Thousands)
Debt Securities Available-for-Sale
U.S. Treasury Securities	$	566,247	$	1,077	$	-		$	567,324
Mortgage-backed securities		256,622		798		(19,120	)		238,300
State and municipal securities		10,543		1		(826	)		9,718
Corporate debt		350,700		13		(27,048	)		323,665
Total	$	1,184,112	$	1,889	$	(46,994	)	$	1,139,007
Debt Securities Held-to-Maturity
U.S. Treasury Securities	$	249,349	$	-	$	(16,226	)	$	233,123
Mortgage-backed securities		471,151		565		(39,398	)		432,318
State and municipal securities		8,080		-		(498	)		7,582
Total	$	728,580	$	565	$	(56,122	)	$	673,023

December 31, 2023
Debt Securities Available-for-Sale
U.S. Treasury Securities	$	340,556	$	251	$	-		$	340,807
Mortgage-backed securities		241,458		6		(25,979	)		215,485
State and municipal securities		11,400		1		(1,178	)		10,223
Corporate debt		375,676		-		(42,009	)		333,667
Total	$	969,090	$	258	$	(69,166	)	$	900,183
Debt Securities Held-to-Maturity
U.S. Treasury Securities	$	508,985	$	-	$	(24,718	)	$	484,267
Mortgage-backed securities		465,615		3		(50,025	)		415,593
State and municipal securities		8,063		-		(732	)		7,331
Total	$	982,664	$	3	$	(75,475	)	$	907,191

	September 30, 2024				December 31, 2023
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In Thousands)
Debt securities available-for-sale
Due within one year	$	523,255	$	523,759	$	350,400	$	350,396
Due from one to five years		118,734		116,395		70,016		67,334
Due from five to ten years		282,501		258,273		304,216		264,893
Due after ten years		3,000		2,280		3,000		2,076
Mortgage-backed securities		256,622		238,300		241,458		215,485
	$	1,184,112	$	1,139,007	$	969,090	$	900,183

Debt securities held-to-maturity
Due within one year	$	250	$	250	$	260,047	$	257,835
Due from one to five years		256,684		240,011		203,481		185,741
Due from five to ten years		495		444		53,521		48,022
Mortgage-backed securities		471,151		432,318		465,615		415,593
	$	728,580	$	673,023	$	982,664	$	907,191

	Less Than Twelve Months					Twelve Months or More					Total
	Gross					Gross					Gross
	Unrealized					Unrealized					Unrealized
	Losses			Fair Value		Losses			Fair Value		Losses			Fair Value
	(In Thousands)
September 30, 2024
Debt Securities available-for-sale
Mortgage-backed securities	$	-		$	1	$	(19,120	)	$	193,011	$	(19,120	)	$	193,012
State and municipal securities		-			-		(826	)		9,273		(826	)		9,273
Corporate debt		(1,505	)		20,420		(25,544	)		298,260		(27,048	)		318,680
Total	$	(1,505	)	$	20,421	$	(45,490	)	$	500,544	$	(46,994	)	$	520,965
Debt Securities held-to-maturity
U.S. Treasury Securities	$	-		$	-	$	(16,226	)	$	233,124	$	(16,226	)	$	233,123
Mortgage-backed securities		-			2,061		(39,398	)		383,853		(39,398	)		385,914
State and municipal securities		-			-		(498	)		7,332		(498	)		7,332
Total	$	-		$	2,061	$	(56,122	)	$	624,309	$	(56,122	)	$	626,369
December 31, 2023
Debt Securities available-for-sale
Mortgage-backed securities	$	(6	)	$	704	$	(25,973	)	$	214,393	$	(25,979	)	$	215,097
State and municipal securities		-			-		(1,178	)		9,777		(1,178	)		9,777
Corporate debt		(794	)		15,141		(41,214	)		311,666		(42,009	)		326,807
Total	$	(801	)	$	15,845	$	(68,365	)	$	535,836	$	(69,166	)	$	551,681
Debt Securities held-to-maturity
U.S. Treasury Securities	$	-		$	-	$	(24,718	)	$	484,267	$	(24,718	)	$	484,267
Mortgage-backed securities		(1	)		430		(50,024	)		411,585		(50,025	)		412,015
State and municipal securities		-			-		(732	)		7,081		(732	)		7,081
Total	$	(1	)	$	430	$	(75,474	)	$	902,933	$	(75,475	)	$	903,363